Form 8-K - Current report

THE HACKETT GROUP, INC.

Date: February 18, 2025

/s/ Robert A. Ramirez

Robert A. Ramirez

Executive Vice President, Finance and Chief Financial Officer

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of report (Date of earliest event reported): February 18, 2025

The Hackett Group, Inc.

(Exact name of registrant as specified in its charter)

    FLORIDA

    333-48123

    65-0750100

    (State or other jurisdiction of
incorporation or organization)

    (Commission File Number)

    (I.R.S. Employer
Identification No.)

    1001 Brickell Bay Drive, Suite 3000
Miami, Florida

    33131

    (Address of principal executive offices)

    (Zip Code)

(305) 375-8005

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):


☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:


Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, par value $.001 per share	HCKT	NASDAQ Stock Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR § 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR § 240.12b-2).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition.

On February 18, 2025, The Hackett Group, Inc. (the “Company”) issued a press release setting forth its consolidated financial results for the fourth fiscal quarter and fiscal year ended December 27, 2024. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein.

The information contained in Item 2.02 of this current report on Form 8-K, as well as Exhibit 99.1, is being furnished to the Securities and Exchange Commission and shall not be deemed “filed” with the Securities and Exchange Commission nor incorporated by reference in any registration statement filed by the Company under the Securities Act of 1933, as amended.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits


Exhibit Number		Description
99.1		Press Release of The Hackett Group, Inc., dated February 18, 2025
104		Cover Page Interactive Data File (the cover page XBRL tags are embedded in the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Exhibit 99.1

Contact:

Robert A. Ramirez, CFO, 305-375-8005 or rramirez@thehackettgroup.com

The Hackett Group Announces Fourth Quarter 2024 Results

MIAMI, FL (February 18, 2025) – The Hackett Group, Inc. (NASDAQ: HCKT), an IP platform-based, Gen AI strategic consulting and executive advisory firm that enables Digital World Class® performance, today announced its financial results for the fourth quarter, which ended on December 27, 2024.

“We reported operating results that exceeded our revenue and adjusted earnings per share guidance while aggressively investing and growing our Gen AI related capabilities and revenues, respectively. More importantly, we will soon release AI XPLR version 3 which provides industry specific dynamic simulation of an enterprise’s Gen AI Solutions across front, mid and back-office areas along with the related multi-AI agent workflows required to build the solutions,” stated Ted A. Fernandez, Chairman & CEO of The Hackett Group, Inc. “With the acquisition of LeewayHertz, a highly recognized Gen AI implementation firm, we have now created an end-to-end Gen AI consulting and implementation capability, fully supported by our AI XPLR and ZBrain software platforms that fully supports our clients Gen AI journey. We believe this capability makes us a leading Gen AI consultancy firm with highly differentiated software platforms which should significantly improve services and licensing revenue growth prospects in this rapidly emerging area.”

Financial Highlights

•

Total revenue in the fourth quarter of 2024 was $79.2 million and revenue before reimbursements was $77.5 million, which exceeded the high end of our guidance. This compares to total revenue of $72.4 million and revenue before reimbursements of $71.2 million in the fourth quarter of the prior year.

•

GAAP diluted earnings per share was $0.12 in the fourth quarter of 2024, as compared to $0.28 in the fourth quarter of 2023. 2024 quarterly GAAP net income was impacted by non-cash compensation expense recognized in association with the stock price award program announced in September of $5.1 million, or $0.17 per diluted earnings per share. In addition, 2024 GAAP net income was also impacted by the LeewayHertz acquisition related non-cash compensation and related expenses of $2.3 million, or $0.06 per diluted earnings per share. 2023 GAAP net income includes a one-time legal settlement and related costs of $1.2M, or $0.03 per diluted earnings per share.

•

Adjusted diluted earnings per share, a non-GAAP measure, was $0.47, exceeding the high end of our guidance, as compared to $0.39 in the fourth quarter of 2023. Adjusted financial information is provided to enhance the understanding of the Company's financial performance and is reconciled to the Company's GAAP information in the accompanying tables.

•

Cash flow from operations was $20.6 million for the fourth quarter of 2024, as compared to $25.6 million in the fourth quarter of 2023.

•

As of December 27, 2024, the Company's cash balances were $16.4 million, with $13.0 million outstanding on the Company's credit facility. During the fourth quarter of 2024, the Company paid down $7.0 million of its debt balance. Additionally, during the quarter the Company repurchased 117

thousand shares of its stock at an average price of $30.95 for a total of $3.6 million. As of the end of the fourth quarter of 2024, the Company’s remaining share repurchase program authorization was $27.5 million.

•

At its most recent meeting, the Company’s Board of Directors authorized a 9% increase in its annual dividend from $0.44 to $0.48 per share, to be paid quarterly, and declared a quarterly dividend of $0.12 per share for its shareholders of record on March 21, 2025, to be paid on April 4, 2025.

Business Outlook for the First Quarter of 2025

Based on the Company’s current outlook:

•

The Company estimates total revenue before reimbursements for the first quarter of 2025 will be in the range of $75.0 million to $76.5 million.

•

The Company estimates adjusted diluted earnings per share for the first quarter of 2025 to be in the range of $0.39 and $0.41, assuming a GAAP effective tax rate of 22%.

Conference Call and Webcast Details

•

On Tuesday, February 18, 2025, senior management will discuss fourth quarter results in a conference call at 5:00 P.M. ET. The number for the conference call is (800) 593-0486, [Passcode: Fourth Quarter]. For International callers, please dial (517) 308-9371. Please dial in at least 5-10 minutes prior to start time. If you are unable to participate on the conference call, a rebroadcast will be available beginning at 8:00 P.M. ET on Tuesday, February 18, 2025 and will run through 5:00 P.M. ET on Tuesday, March 4, 2025. To access the rebroadcast, please dial (866) 363-3999. For International callers, please dial (203) 369-0203.

•

In addition, The Hackett Group®will also be webcasting this conference call live. To participate, simply visit https://www.thehackettgroup.com approximately 10 minutes prior to the start of the call and click on the conference call link provided. An online replay of the call will be available after 8:00 P.M. ET on Tuesday, February 18, 2025 and will run through 5:00 P.M. ET on Tuesday, March 4, 2025. To access the replay, visit www.thehackettgroup.com.

Use of Non-GAAP Financial Measures

The Company provides adjusted earnings results (which excluded non-cash stock-based compensation expense, acquisition-related non-cash stock-based compensation expense, legal settlement and related costs and includes a GAAP tax rate) as a complement to results provided in accordance with Generally Accepted Accounting Principles (GAAP). These non-GAAP results are provided to enhance the users' overall understanding of the Company's current financial performance and its prospects for the future. The Company believes the non-GAAP results provide useful information to both management and investors and by excluding certain expenses that it believes are not indicative of its core operating results. The non-GAAP measures are included to provide investors and management with an alternative method for assessing operating results in a manner that is focused on the performance of its ongoing primary operations and to provide a consistent basis for comparison between quarters. Further, these non-GAAP results are one of the primary indicators management uses for planning and forecasting. The presentation of this additional non-GAAP information should be considered in addition to, and not as a substitute for or superior to, any results prepared in accordance with GAAP. See the reconciliation of actual results titled “Reconciliation of GAAP to Non-GAAP Measures” in the accompanying tables.

The Company believes that the presentation of non-GAAP financial information on a forward-looking basis, including the guidance contained in this release, provides important supplemental information to management and investors regarding its anticipated results of operations. The Company is unable to provide a reconciliation of GAAP measures to corresponding forward-looking non-GAAP measures without unreasonable effort due to the high variability and low visibility of most of the items that have been excluded from these non-GAAP measures. For example, non-cash stock-based compensation expense is impacted by the Company’s future hiring needs, the type and volume of equity awards necessary for such future hiring, and the price at which the Company’s stock will trade in those future periods. In addition, the provision or benefit for income taxes is impacted by non-recurring income tax adjustments, valuation allowance on deferred tax assets, and the income tax effect of non-GAAP exclusions. The effects of these reconciling items may be significant, as the items that are being excluded are difficult to predict.

About The Hackett Group®

The Hackett Group, Inc. (NASDAQ: HCKT) is an IP and platform-based, Gen AI strategic consulting and executive advisory firm that enables Digital World Class® performance. Using AI XPLRTM and ZBrainTM – our ideation through implementation platforms – our experienced professionals help organizations realize the power of Gen AI and achieve quantifiable, breakthrough results, allowing us to be key architects of their Gen AI journey. Our expertise is grounded in unparalleled best practice insights from benchmarking the world’s leading businesses – including 97% of the Dow Jones Industrials, 90% of the Fortune 100, 70% of the DAX 40 and 51% of the FTSE 100. Visit us at www.thehackettgroup.com.

The Hackett Group, quadrant logo, World Class Defined and Enabled, Quantum Leap, and Digital World Class are the registered marks of The Hackett Group.

Cautionary Statement Regarding “Forward-Looking” Statements

This release contains “forward-looking” statements within the meaning of Section 27A of the Securities Act of 1933 as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Statements including without limitation, words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” seeks,” “estimates,” or other similar phrases or variations of such words or similar expressions indicating, present or future anticipated or expected occurrences or outcomes are intended to identify such forward-looking statements. Forward-looking statements are not statements of historical fact and involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance or achievements to be materially different from the results, performance or achievements expressed or implied by the forward-looking statements. Factors that could impact such forward-looking statements include, among others, changes in worldwide and U.S. economic conditions that impact business confidence and the demand for our products and services, our ability to transition our capabilities to support generative artificial intelligence (AI)-related consulting services and solutions, our ability to effectively integrate acquisitions, including the Leeway acquisition, into our operations, our ability to manage joint ventures and successfully cooperate with our joint venture partners, our ability to retain existing business, our ability to attract additional business, our ability to effectively market and sell our product offerings and other services, the timing of projects and the potential for contract cancellation by our customers, changes in expectations regarding the business consulting and information technology industries, our ability to attract and retain skilled employees, possible changes in collections of accounts receivable due to the bankruptcy or financial difficulties of our customers, risks of competition, price and margin trends, foreign currency fluctuations, the impact of the geopolitical conflict involving Russia and Ukraine and in the Middle East on our business and changes in general economic conditions, interest rates and our ability to obtain additional debt financing if needed as well as other risk detailed in The Hackett Group’s reports filed with the United States Securities and Exchange Commission. The Hackett Group does not undertake any duty to update this release or any forward-looking statements contained herein.

Page 4 of 8 - The Hackett Group, Inc. Announces Fourth Quarter Results

The Hackett Group, Inc.

CONSOLIDATED STATEMENTS OF OPERATIONS

(in thousands, except per share data)

(unaudited)


	Quarter Ended						Twelve Months Ended
	December 27,			December 29,			December 27,			December 29,
	2024			2023			2024			2023
Revenue:
Revenue before reimbursements	$	77,456		$	71,167		$	307,028		$	291,273
Reimbursements		1,779			1,236			6,827			5,317
Total revenue		79,235			72,403			313,855			296,590

Costs and expenses:
Cost of service:
Personnel costs before reimbursable expenses (includes $5,324 and $10,491 and $1,551 and $6,238 of non-cash stock based compensation expense in the three and twelve months ended December 27, 2024 and December 29, 2023, respectively)		46,209			41,901			183,792			174,891
Reimbursable expenses		1,779			1,236			6,827			5,317
Total cost of service		47,988			43,137			190,619			180,208

Selling, general and administrative costs (includes $4,928 and $9,033 and $1,243 and $4,486 of non-cash stock based compensation expense in the three and twelve months ended December 27, 2024 and December 29, 2023, respectively)		23,500			16,611			78,546			65,942
Legal settlement and related costs		-			1,178			102			1,178
Total costs and operating expenses		71,488			60,926			269,267			247,328

Operating income		7,747			11,477			44,588			49,262

Other expense, net:
Interest expense, net		(242	)		(641	)		(1,594	)		(3,235	)

Income before income taxes		7,505			10,836			42,994			46,027
Income tax expense		3,941			2,986			13,364			11,876
Net income	$	3,564		$	7,850		$	29,630		$	34,151

Basic net income per common share:
Income per common share	$	0.13		$	0.29		$	1.08		$	1.26
Weighted average common shares outstanding		27,556			27,242			27,560			27,170

Diluted net income per common share:
Income per common share	$	0.12		$	0.28		$	1.05		$	1.24
Weighted average common and common equivalent shares outstanding		28,604			27,912			28,091			27,637

Page 5 of 8 - The Hackett Group, Inc. Announces Fourth Quarter Results

The Hackett Group, Inc.

CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands)

(unaudited)


	December 27,		December 29,
	2024		2023
ASSETS
Current assets:
Cash	$	16,366	$	20,957
Accounts receivable and contract assets, net		57,079		52,113
Prepaid expenses and other current assets		2,901		2,368
Total current assets		76,346		75,438
Property and equipment, net		20,343		20,044
Other assets		350		285
Intangible assets		2,312		-
Goodwill		89,782		84,242
Operating lease right-of-use assets		2,744		1,419
Total assets	$	191,877	$	181,428

LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Accounts payable	$	6,503	$	7,557
Accrued expenses and other liabilities		30,789		26,801
Contract liabilities		11,118		12,087
Income tax payable		3,753		2,360
Operating lease liabilities		965		1,083
Total current liabilities		53,128		49,888
Long-term deferred tax liability, net		8,464		8,118
Long-term debt		12,734		32,711
Operating lease liabilities		1,977		631
Total liabilities		76,303		91,348

Shareholders' equity		115,574		90,080
Total liabilities and shareholders' equity	$	191,877	$	181,428

Page 6 of 8 - The Hackett Group, Inc. Announces Fourth Quarter Results

The Hackett Group, Inc.

SEGMENT PROFIT

(in thousands)

(unaudited)


	Quarter Ended				Twelve Months Ended
	December 27,		December 29,		December 27,		December 29,
	2024		2023		2024		2023
Global S&BT (1):
Total revenue (4)	$	43,877	$	42,162	$	171,096	$	171,927
Segment profit (5)		14,688		13,506		51,583		54,366
Oracle Solutions (2):
Total revenue (4)	$	18,174	$	18,998	$	85,707	$	77,772
Segment profit (5)		2,959		4,094		19,109		18,060
SAP Solutions (3):
Total revenue (4)	$	17,184	$	11,243	$	57,052	$	46,891
Segment profit (5)		6,910		3,439		18,743		11,925
Total Company:
Total revenue (4)	$	79,235	$	72,403	$	313,855	$	296,590

Total segment profit	$	24,557	$	21,039	$	89,435	$	84,351
Items not allocated to segment level (5):
Corporate general and administrative expenses		5,042		4,696		20,787		19,766
Non-cash stock based compensation expense		3,345		2,794		11,782		10,724
Stock price award program compensation expense		5,142		-		5,745		-
Acquisition-related cash compensation expense		349		-		390		-
Acquisition-related non-cash stock based compensation expense		1,765		-		1,997		-
Acquisition-related costs		72		-		125		-
Legal settlement and related costs		-		1,178		102		1,178
Depreciation expense		947		894		3,771		3,421
Amortization expense		148		-		148		-
Interest expense, net		242		641		1,594		3,235
Income before taxes	$	7,505	$	10,836	$	42,994	$	46,027

(1) Global S&BT includes the results of our strategic businesses consulting practices, including Strategy and Business Transformation Consulting, Benchmarking, Business Advisory Services, IP as-a-Service and OneStream.
(2) Oracle Solutions includes the results of our EPM/ERP and AMS practices.
(3) SAP Solutions includes the results of our SAP applications and related SAP service offerings.
(4) Total revenue includes reimbursable expenses, which are project travel-related expenses passed through to a client with no associated operating margin.
(5) Segment profits consist of the revenue generated by the segment, less the direct costs of revenue and selling, general and administrative expenses that are incurred directly by the segment. Items not allocated to the segment level include corporate costs related to administrative functions that are performed in a centralized manner that are not attributable to a particular segment. Items not allocated to the segment level include corporate general and administrative expenses, non-cash stock based compensation expense, acquisition related cash and non-cash stock based compensation expense, depreciation expense, legal settlement and related costs, interest expense and foreign currency gains and losses. Corporate general and administrative expenses primarily include costs related to business support functions including accounting and finance, human resources, legal, information technology and office administration. Corporate general and administrative expenses exclude one-time, non-recurring expenses and benefits.

Page 7 of 8 - The Hackett Group, Inc. Announces Fourth Quarter Results

    The Hackett Group, Inc.

   

    RECONCILIATION OF GAAP TO NON-GAAP MEASURES

   

    (in thousands, except per share data)

   

    (unaudited)

   


	Quarter Ended				Twelve Months Ended
	December 27,		December 29,		December 27,		December 29,
	2024		2023		2024		2023
GAAP NET INCOME	$	3,564	$	7,850	$	29,630	$	34,151
Adjustments (1):
Non-cash stock based compensation expense (2)		3,345		2,794		11,782		10,714
Stock price award program compensation expense (2)(3)		5,142		-		5,745		-
Acquisition-related cash compensation expense (4)		349		-		390		-
Acquisition-related non-cash stock based compensation expense (4)		1,765		-		1,997		10
Acquisition-related costs		72		-		125		-
Amortization expense		148		-		148		-
Legal settlement and related costs		-		1,178		102		1,178
ADJUSTED NET INCOME BEFORE INCOME TAXES ON ADJUSTMENTS (1)		14,385		11,822		49,919		46,053
Tax effect of adjustments above (5)		819		996		2,641		3,089
ADJUSTED NET INCOME (1)	$	13,566	$	10,826	$	47,278	$	42,964

GAAP diluted net income per common share	$	0.12	$	0.28	$	1.05	$	1.24
Adjusted diluted net income per common share (1)	$	0.47	$	0.39	$	1.68	$	1.55
Weighted average common and common equivalent shares outstanding		28,604		27,912		28,091		27,637

(1) The Company provides adjusted earnings results (which excludes non-cash stock based compensation expense, stock price appreciation equity program compensation expense, acquisition-related cash and non-cash stock based compensation expense, acquisition related costs and legal settlement and related costs and includes a GAAP tax rate) as a complement to results provided in accordance with Generally Accepted Accounting Principles (GAAP). These non-GAAP results are provided to enhance the users' overall understanding of the Company's current financial performance and its prospects for the future. The Company believes the non-GAAP results provide useful information to both management and investors and by excluding certain expenses that it believes are not indicative of its core operating results. The non-GAAP measures are included to provide investors and management with an alternative method for assessing operating results in a manner that is focused on the performance of its ongoing primary operations and to provide a consistent basis for comparison between quarters. Further, these non-GAAP results are one of the primary indicators management uses for planning and forecasting. The presentation of this additional non-GAAP information should be considered in addition to, and not as a substitute for or superior to, any results prepared in accordance with GAAP.
(2) Non-cash stock based compensation expense is accounted for under Financial Accounting Standards Board Accounting Standards Codification Topic 718, Compensation-Stock Compensation. The Company excludes non-cash stock based compensation expense and the related tax effects for the purposes of adjusted net income and adjusted diluted earnings per share. The Company believes that non-GAAP measures of profitability, which exclude non-cash stock based compensation expense, are widely used by investors.
(3) The stock price award program compensation expense relates to equity awards that were granted with certain market share price hurdles and service conditions to meet before they are vested. The market price hurdles include twenty consecutive trading days of equal to or greater than $30, $40 and $50 per share price. As of December 27, 2024, the first market condition has been met, however the shares have not vested and are included in the Company's dilutive shares outstanding for the quarter. As of December 27, 2024, the second and third market conditions had not been met and as such the shares have not vested and are not included in the Company's basic or dilutive shares outstanding. Non-cash compensation of $5.1 million and $5.7 million was recorded in the fourth quarter and twelve months of 2024, respectively.
(4) The Company incurs cash and non-cash stock based compensation expense for acquisition related consideration that is recognized over time under GAAP. The Company believes excluding these amounts more consistently presents its ongoing results of operations because they are related to acquisitions and not due to normal operating activities. The acquisition-related non-cash stock based compensation expense is also accounted for under Financial Accounting Standards Board Accounting Standards Codification Topic 718, Compensation-Stock Compensation.
(5) The adjustment for the income tax expense is based on the accounting treatment and income tax rate for the jurisdiction of each item. The impact of all of the non-cash stock based compensation expense was $0.7 million and $2.4 million the fourth quarter and twelve months of 2024, respectively, and $0.7 million and $2.8 million in the same periods of 2023, respectively. The impact of acquisition related cash compensation expense was $91 thousand and $102 thousand in the fourth quarter and twelve month period of 2024, respectively. The impact of the acquisition related costs were $19 thousand and $33 thousand in the fourth quarter and twelve month period of 2024, respectively. The impact of the legal settlement and related costs were $27 thousand in the twelve months of 2024 and $0.3 million in both the fourth quarter and twelve months of 2023. The impact of the amortization expense was $39 thousand in both the fourth quarter and twelve months of 2024.

Page 8 of 8 - The Hackett Group, Inc. Announces Fourth Quarter Results

The Hackett Group, Inc.

SUPPLEMENTAL FINANCIAL DATA

(unaudited)


	Quarter Ended
	December 27,			September 28,			December 29,
	2024			2024			2023
Segment Total Revenue and Revenue Before Reimbursements (in thousands):
Global S&BT:
Total revenue	$	43,877		$	44,065		$	42,162
Reimbursements		670			813			566
Revenue before reimbursements	$	43,207		$	43,252		$	41,596

Oracle Solutions:
Total revenue	$	18,174		$	22,759		$	18,998
Reimbursements		766			921			556
Revenue before reimbursements	$	17,408		$	21,838		$	18,442

SAP Solutions:
Total revenue	$	17,184		$	12,953		$	11,243
Reimbursements		343			94			114
Revenue before reimbursements	$	16,841		$	12,859		$	11,129

Total segment revenue:
Total revenue	$	79,235		$	79,777		$	72,403
Reimbursements		1,779			1,828			1,236
Revenue before reimbursements	$	77,456		$	77,949		$	71,167

Revenue Concentration:
(% of total revenue)
Top customer		8	%		13	%		7	%
Top 5 customers		21	%		24	%		18	%
Top 10 customers		29	%		33	%		27	%

Key Metrics and Other Financial Data:

Total Company:
Consultant headcount		1,284			1,262			1,168
Total headcount		1,553			1,534			1,416
Days sales outstanding (DSO)		66			70			65
Cash provided by operating activities (in thousands)	$	20,640		$	10,578		$	25,587
Depreciation (in thousands)	$	947		$	940		$	894
Amortization (in thousands)	$	148		$	-		$	-
Capital expenditures (in thousands)	$	1,018		$	1,229		$	898

Remaining Plan authorization:
Shares purchased (in thousands)		117			65			-
Cost of shares repurchased (in thousands)	$	3,630		$	1,737		$	—
Average price per share of shares purchased	$	30.95		$	26.77		$	—
Remaining Plan authorization (in thousands)	$	27,516		$	11,146		$	13,938

Shares Purchased to Satisfy Employee Net Vesting Obligations:
Shares purchased (in thousands)		-			6			3
Cost of shares purchased (in thousands)	$	-		$	145		$	71
Average price per share of shares purchased	$	-		$	25.42		$	23.08

Document and Entity Information	Feb. 18, 2025
Cover [Abstract]
Amendment Flag	false
Entity Central Index Key	0001057379
Document Type	8-K
Document Period End Date	Feb. 18, 2025
Entity Registrant Name	Hackett Group, Inc.
Entity Incorporation, State or Country Code	FL
Entity File Number	333-48123
Entity Tax Identification Number	65-0750100
Entity Address, Address Line One	1001 Brickell Bay Drive
Entity Address, Address Line Two	Suite 3000
Entity Address, City or Town	Miami
Entity Address, State or Province	FL
Entity Address, Postal Zip Code	33131
City Area Code	305
Local Phone Number	375-8005
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Entity Emerging Growth Company	false
Title of 12(b) Security	Common Stock, par value $.001 per share
Trading Symbol	HCKT
Security Exchange Name	NASDAQ