Form 11-K KFORCE INC For: Dec 31
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E-mailUNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
___________________________________________
FORM 11-K
___________________________________________
(Mark One)
ý | ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
For the fiscal year ended December 31, 2015
OR
¨ | TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
For the transition period from to
Commission file number 0-26058
___________________________________________
A. | Full title of the plan and the address of the plan, if different from that of the issuer named below: |
KFORCE GOVERNMENT PRACTICE PLAN
B. | Name of issuer of the securities held pursuant to the plan and the address of its principal executive office: |
KFORCE INC.
1001 EAST PALM AVENUE
TAMPA, FL 33605
KFORCE GOVERNMENT PRACTICE PLAN
TABLE OF CONTENTS
FINANCIAL STATEMENTS: | |
SUPPLEMENTAL SCHEDULES: | |
NOTE: | All other schedules required by Section 2520.103-10 of the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974 have been omitted because they are not applicable. |
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REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
To the Board of Directors, Participants, and Administration of the
Kforce Government Practice Plan
Tampa, Florida
We have audited the accompanying statements of net assets available for benefits of the Kforce Government Practice Plan (the “Plan”) as of December 31, 2015 and 2014 and the related statement of changes in net assets available for benefits for the year ended December 31, 2015. These financial statements are the responsibility of the Plan’s management. Our responsibility is to express an opinion on these financial statements based on our audits.
We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. The Plan is not required at this time, to have, nor were we engaged to perform, an audit of its internal control over financial reporting. Our audit included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Plan’s internal control over financial reporting. Accordingly, we express no such opinion. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion.
In our opinion, the financial statements referred to above present fairly, in all material respects, the net assets available for benefits of the Plan as of December 31, 2015 and 2014 and the changes in net assets available for benefits for the year ended December 31, 2015 in conformity with United States generally accepted accounting principles.
Our audit was conducted for the purpose of forming an opinion on the financial statements taken as a whole. The supplemental schedule of assets (held at end of year) as of December 31, 2015 and schedule of delinquent participant contributions for the year ended December 31, 2015 are presented for the purpose of additional analysis and are not a required part of the financial statements, but are supplementary information required by the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. These schedules are the responsibility of the Plan’s management and were derived from and relate directly to the underlying accounting and other records used to prepare the financial statements. Such schedules have been subjected to the auditing procedures applied in our audit of the 2015 financial statements. In our opinion, the information is fairly stated in all material respects when considered in relation to the financial statements taken as a whole.
/s/ Warren Averett, LLC |
Tampa, Florida |
June 28, 2016 |
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KFORCE GOVERNMENT PRACTICE PLAN
STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS
AS OF DECEMBER 31, 2015 AND 2014
2015 | 2014 | |||||||
Assets | ||||||||
Investments: | ||||||||
At fair value | $ | 17,259,267 | $ | 17,369,944 | ||||
At contract value | 3,365,574 | 3,431,220 | ||||||
Total investments | 20,624,841 | 20,801,164 | ||||||
Receivables: | ||||||||
Employer contributions | 255,684 | 243,161 | ||||||
Notes receivable from participants | 232,294 | 194,215 | ||||||
Total receivables | 487,978 | 437,376 | ||||||
Total assets | $ | 21,112,819 | $ | 21,238,540 | ||||
Liabilities | ||||||||
Administrative expenses payable | $ | 3,677 | $ | — | ||||
Total liabilities | $ | 3,677 | $ | — | ||||
Net assets available for benefits | $ | 21,109,142 | $ | 21,238,540 | ||||
The accompanying notes are an integral part of these financial statements.
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KFORCE GOVERNMENT PRACTICE PLAN
STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS
FOR THE YEAR ENDED DECEMBER 31, 2015
Investment (loss) income: | |||
Net depreciation in fair value of investments | $ | (360,225 | ) |
Interest and dividends | 314,387 | ||
Net investment loss | (45,838 | ) | |
Interest income on notes receivable from participants | 6,841 | ||
Contributions: | |||
Participant | 2,603,568 | ||
Employer | 255,722 | ||
Rollovers from other qualified plans | 499,387 | ||
Total contributions | 3,358,677 | ||
Benefits paid to participants | (3,383,769 | ) | |
Other income | 20,075 | ||
Administrative expenses | (85,384 | ) | |
Net decrease in net assets | (129,398 | ) | |
Net assets available for benefits: | |||
Beginning of period | 21,238,540 | ||
End of period | $ | 21,109,142 | |
The accompanying notes are an integral part of these financial statements.
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KFORCE GOVERNMENT PRACTICE PLAN
NOTES TO FINANCIAL STATEMENTS
1. | DESCRIPTION OF THE PLAN |
General — The Kforce Government Practice Plan (the “Plan”) is sponsored by Kforce Government Solutions, Inc. (“KGS”), a wholly owned subsidiary of Kforce Inc. The Plan is a defined contribution plan covering substantially all employees of KGS, except those that meet certain exceptions. Prudential Bank & Trust, FSB (“Prudential” or the “Trustee”) is the trustee of the Plan and The Prudential Insurance Company of America is the record-keeper. The Plan was established effective October 2, 2006.
The following description of the Plan is provided for general information purposes. Participants should refer to the Plan document for a more complete description of the Plan provisions. The Plan is subject to the provisions of the Employee Retirement Income Security Act of 1974 (“ERISA”).
Eligibility — All employees of KGS are eligible to participate in the Plan with the exception of the following:
• | Employees who are leased employees under Section 414(n) of the Internal Revenue Code (the “Code”), |
• | Employees who are covered by a collective bargaining agreement that does not provide for participation in the Plan, |
• | Employees who are nonresident aliens with no U.S. source earned income, |
• | Individuals who are performing service as independent contractors or consultants, regardless of whether they are subsequently determined to be common law employees, |
• | Employees who are not on the U.S. payroll of KGS. |
Contributions — Participants may contribute up to 75% of their compensation for each year subject to the limitations provided in the Code, which was $18,000 for those under age 50 and $24,000 for those age 50 and above for 2015. KGS matching and other contributions are made in cash at the discretion of the Board of Directors. KGS contributions, if any, are funded annually to eligible participants remaining in the Plan at each year-end. Eligible participants are employees who are active as of the last day of the Plan year and who have completed at least 1,000 hours as of the last day of the Plan year. Additionally, employees who have terminated employment because of death, total disability, or after reaching age 55, are considered eligible participants. For the year ended December 31, 2015, KGS made matching contributions equal to 25% of each participant’s eligible contributions up to 6% of compensation for the period to all eligible participants at December 31, 2015.
All contributions to the Plan are deposited with the Trustee. Contributions are then directed at the employee’s discretion into various investment options. Investment elections may be changed by the employee at any time.
Participant Accounts — Each participant’s account is self-directed and is credited with the participant’s contributions, KGS’s matching and other contributions, transfers into the Plan, rollovers and Plan earnings and is charged with withdrawals and Plan losses. The benefit to which a participant is entitled is the benefit that can be provided from the participant’s vested account balance.
Rollovers — All employees who meet the Plan eligibility requirements are eligible to make cash rollover contributions to the Plan from a previous employer’s qualified retirement plan or a conduit IRA.
Vesting — Participants are immediately vested in their contributions plus actual earnings, if any, thereon. KGS contributions and earnings, if any, vest at the rate of 20% for each year of service earned. A year of service is defined as any eligible participant who has completed at least 1,000 hours as of the last day of the Plan year. KGS contributions become 100% vested upon:
• | Normal retirement, |
• | Total disability, |
• | Death, |
• | Completion of five years of vesting service, or |
• | Plan termination. |
In-Service Withdrawals — Participants may request the following types of in-service withdrawals from the Plan during any given calendar month:
• | Age 59-1/2, |
• | Financial hardship, |
• | Withdrawals from rollover contribution account, |
• | Qualified reservist distribution. |
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Plan Termination — Although it has not expressed any intent to do so, KGS has the right under the Plan to discontinue its contributions at any time and to terminate the Plan subject to the provisions of ERISA. In the event of Plan termination, participants will become 100% vested in their accounts and the trust shall continue until all participants’ accounts have been completely distributed to each participant (or their designated beneficiary) in accordance with the Plan.
Investments — Participants direct the investment of their contributions into various investment options offered by the Plan. KGS contributions are automatically invested in the investment options selected by each participant for their contributions. Effective January 1, 2015, the Plan eliminated the right of participants to make new investments in Kforce Inc. common stock.
Notes Receivable from Participants — Participants may borrow money from their vested account balance for any reason. The maximum amount available for notes receivable is the lesser of $50,000, reduced by the participant’s highest note receivable balance outstanding in the 12 months prior to the date of the note receivable, or 50% of the participant’s vested account balance. The minimum amount for a loan is $500.
Notes receivable must have a definite repayment period not to exceed five years unless the note receivable is for the purchase of a principal residence, in which case the repayment period must not exceed 15 years. Prior to the Plan’s amendment in January 2009, the repayment period for notes receivable used for the purchase of a principal residence was not to exceed 10 years. A participant who terminates employment with an outstanding note receivable must pay off the outstanding balance of the note receivable within a reasonable amount of time after termination. If the participant does not repay the entire outstanding loan balance, the participant’s vested account balance will be reduced by the remaining outstanding balance of the loan, and then any remaining outstanding balance of the note receivable is deemed to be a distribution to the participant. Notes receivable from participants, including interest thereon, are taxable to the participant and subject to applicable excise penalties upon default.
The notes receivable are collateralized by the balance in the participant’s account and bear interest at a reasonable fixed rate of interest, as defined by the Plan. Principal and interest are generally paid ratably through payroll deductions, but may also be paid directly to the Trustee.
Payment of Benefits — Upon termination of service, a participant may elect an immediate lump-sum payment. Other forms of payment are available, as defined by the Plan. Withdrawals from the Plan shall be paid to a participant, to the extent possible, in cash or Kforce Inc. common stock, as elected by the participant. Beginning January 1, 2015, withdrawals from the Plan should be paid in cash or Kforce Inc. common stock to the extent that the vested balance is invested in Kforce Inc. common stock.
At December 31, 2015 and 2014, there were no distribution payments that were processed and approved for payment by the Plan, but not yet paid to participants.
Forfeited Accounts — Non-vested balances resulting from KGS contributions will be forfeited upon the date the participant incurs five consecutive one-year breaks in service or receives a distribution. A one-year break in service is any year a participant works less than 500 hours. For terminated employees who receive a distribution but who are re-employed during the five consecutive years following termination, the forfeiture amount shall be restored to the participant’s account if the participant pays back the full amount of the distribution within five years of the re-employment date.
Forfeited balances will be used first to fund any restorations. If any forfeitures remain unallocated, they shall be used to reduce administrative expenses payable by the Plan, to reduce employer matching contributions, if any, then to reduce employer qualified non-elective contributions, and finally to increase the employer matching contributions. Any remaining forfeitures shall be credited to a suspense account to be used for future restorations. During the year ended December 31, 2015, there was approximately $59,800 in matching contributions made using forfeited funds. The suspense account was maintained in the Guaranteed Income Fund at December 31, 2015 and 2014. Forfeited funds in the suspense account at December 31, 2015 and 2014 were approximately $49,300 and $66,000, respectively.
2. | SUMMARY OF ACCOUNTING POLICIES |
Basis of Accounting — The accompanying financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”).
Use of Estimates — The preparation of financial statements in conformity with GAAP requires Plan management to make estimates and assumptions that affect the reported amounts of net assets available for benefits and changes therein. Actual results could differ from those estimates.
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Risks and Uncertainties — The Plan utilizes various investment instruments, including common stock, mutual funds and investment contracts. Investment securities, in general, are exposed to various risks, such as interest rate, credit, and overall market volatility. Due to the level of risk associated with certain investment securities, it is reasonably possible that changes in the values of investment securities will occur in the near term and that such changes could materially affect the amounts reported in the financial statements.
Changes in Accounting Principles — In July 2015, the FASB issued Accounting Standards Update No. 2015-12, Plan Accounting: Defined Benefit Pension Plans (Topic 960), Defined Contribution Pension Plans (Topic 962), Health and Welfare Benefit Plans (Topic 965): (Part I) Fully Benefit-Responsive Investment Contracts, (Part II) Plan Investment Disclosures, (Part III) Measurement Date Practical Expedient. ASU 2015-12 Part I designates contract value as the only required measure for fully benefit-responsive investment contracts. ASU 2015-12 Part II eliminates the disclosure of (1) individual investments that represent five percent or more of net assets available for benefits and (2) the net appreciation or depreciation for investment by general type. Investments of employee benefit plans will be grouped only by general type while eliminating the need to disaggregate the investments in multiple ways. ASU 2015-12 Part III does not apply to the Plan. ASU 2015-12 is effective for fiscal year beginning after December 15, 2015, with early adoption permitted. Part I and Part II are to be applied retrospectively. The Plan's management has elected to early adopt Part I and Part II as the amendments simplify and make disclosures more relevant to the users of the financial statements. The adoption is reflected retrospectively in these financial statements.
Investment Valuation and Income Recognition — The Plan’s investments are stated at fair value, except for the fully benefit-responsive contract which is recorded at contract value. The Plan’s self-directed accounts hold shares of mutual funds and common stock. Shares of mutual funds are valued at quoted market prices, which represent the net asset value of shares held by the Plan at year-end. Common stock is valued at quoted market prices. The fully benefit-responsive investment contract is stated at contract value at December 31, 2015 and 2014 and is valued based upon the participant contributions made, plus participant transfers into the fund and credited interest, less participant withdrawals, participant transfers out of the fund and administrative expenses. The fully benefit-responsive investment contract is explained in detail in Note 4 of these financial statements.
Purchases and sales of securities are recorded on a trade-date basis. Interest income is recorded on the accrual basis. Dividends are recorded on the ex-dividend date.
Management fees and operating expenses charged to the Plan for investments in the mutual funds are deducted from income or loss on a daily basis and are not separately reflected. Consequently, management fees and operating expenses are reflected as a reduction of investment return for such investments.
Valuation of Notes Receivable from Participants — Notes receivable from participants represent participant loans and are valued at the unpaid principal balance plus any accrued but unpaid interest. If a participant ceases to make loan repayments and the plan administrator deems the participant loan to be in default, the participant loan balance is reduced and a benefit payment is recorded.
Contributions — Employee contributions are recorded when eligible compensation is paid. Employer contributions are recorded when authorized.
Payment of Benefits — Benefits are recorded when paid.
Expenses of Plan — Administrative expenses of the Plan are paid by KGS, the Plan and/or unallocated Plan forfeitures.
Subsequent Events — The Plan's management has evaluated subsequent events through the date the financial statements were available to be issued and there were no subsequent events requiring adjustments to the financial statements or disclosures, as stated herein.
3. | INVESTMENTS |
During the year ended December 31, 2015, the Plan’s investments, including gains and losses on investments purchased, sold, and held during the year, appreciated (depreciated) in value as follows:
Net Realized and Unrealized Appreciation (Depreciation) In Fair Value of Investments | |||
Kforce Inc. common stock | $ | 26,068 | |
Mutual funds | (386,293 | ) | |
Net appreciation in fair value of investments | $ | (360,225 | ) |
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4. | INVESTMENT CONTRACT WITH INSURANCE COMPANY |
The Plan has a fully benefit-responsive investment contract with Prudential Retirement Insurance and Annuity Company (“PRIAC”). PRIAC maintains the contributions in a general account, which is credited with earnings on the underlying investments and charged for participant withdrawals and administrative expenses. The contract is included in the financial statements at contract value. The contract is not a traditional guaranteed investment contract as it is backed by the creditworthiness of the issuer and not by specific securities in the general account and therefore there are no known cash flows that can be discounted. Contract value represents participant contributions made, plus participant transfers into the fund and credited interest, less participant withdrawals, participant transfers out of the fund and administrative expenses. Participants may direct the withdrawal or transfer of all or a portion of their investment at contract value.
The contract has certain restrictions that impact the ability to collect the full contract value, for example, the Plan may not withdraw more than 10% of the value of the general account without incurring a penalty. Plan management believes that the possibility of the occurrence of events that would cause the Plan to transact at less than contract value is remote. In the case of discontinuance of the investment contract, the contract value would be paid no later than 90 days from the date the Plan sponsor provides notice to discontinue. PRIAC may not terminate the contract at any amount less than contract value.
5. | FAIR VALUE MEASUREMENTS |
Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability (i.e., an exit price) in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy and a framework which requires categorizing assets and liabilities into one of three levels based on the assumptions (inputs) used in valuing the asset or liability. Level 1 provides the most reliable measure of fair value, while Level 3 generally requires significant management judgment. Level 1 inputs are unadjusted, quoted market prices in active markets for identical assets or liabilities. Level 2 inputs are observable inputs other than quoted prices included in Level 1, such as quoted prices for similar assets or liabilities in active markets or quoted prices for identical assets or liabilities in inactive markets. Level 3 inputs include unobservable inputs that are supported by little, infrequent, or no market activity and reflect management’s own assumptions about inputs used in pricing the asset or liability. Assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement.
The following table sets forth by level within the fair value hierarchy a summary of the Plan’s investments measured at fair value on a recurring basis at December 31, 2015 and 2014:
Fair Value Measurements at December 31, 2015 | ||||||||||||||||
Description of Investment | Total | Quoted Prices in Active Markets for Identical Assets (Level 1) | Significant Other Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | ||||||||||||
Mutual funds | 16,701,913 | 16,701,913 | — | — | ||||||||||||
Kforce Inc. common stock | 557,354 | 557,354 | — | — | ||||||||||||
Total | $ | 17,259,267 | $ | 17,259,267 | $ | — | $ | — | ||||||||
Fair Value Measurements at December 31, 2014 | ||||||||||||||||
Description of Investment | Total | Quoted Prices in Active Markets for Identical Assets (Level 1) | Significant Other Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | ||||||||||||
Mutual funds | 16,819,314 | 16,819,314 | — | — | ||||||||||||
Kforce Inc. common stock | 550,630 | 550,630 | — | — | ||||||||||||
Total | $ | 17,369,944 | $ | 17,369,944 | $ | — | $ | — | ||||||||
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6. | FEDERAL INCOME TAX STATUS |
The Internal Revenue Service issued a favorable determination letter dated March 16, 2015 for all amendments with an effective date as of or prior to January 1, 2013, determining that the Plan and related trust were designed in accordance with the applicable requirements of the Code and underlying regulations. The Plan has been amended since the effective date of the favorable determination letter. KGS and the plan administrator believe that the Plan is currently designed and operated in compliance with the applicable requirements of the Code and underlying regulations and that the Plan and related trust continue to be tax-exempt. As such, no provision for income taxes has been included in the Plan’s financial statements.
GAAP requires the Plan Administrator to evaluate tax positions taken by the Plan and recognize a tax liability if the Plan has taken an uncertain position that more likely than not would not be sustained upon examination by the IRS. The Plan Administrator has analyzed the tax positions taken by the Plan, and has concluded that as of December 31, 2015 and 2014 there are no uncertain positions taken or expected to be taken that would require recognition of a liability or disclosure in the financial statements. The Plan is subject to routine audits by taxing authorities; however, there are currently no audits for any tax periods in progress.
7. | EXEMPT PARTY-IN-INTEREST TRANSACTIONS |
Certain Plan investments include an unallocated insurance contract managed by the Trustee and, therefore, these transactions qualify as exempt party-in-interest transactions. Fees paid by the Plan participants for the investment management services were included as a reduction of the return earned on each investment.
At December 31, 2015 and 2014, the Plan held 22,047 and 22,819 shares, respectively, of common stock of Kforce Inc., the parent company of the sponsoring employer.
8. | NONEXEMPT PARTY-IN-INTEREST TRANSACTIONS |
During 2015, KGS failed to remit to the Trustee an employee contribution totaling $346 within the period prescribed by the Department of Labor's ("DOL") Regulation 29 CFR 2510.3-102. KGS remitted the August 10, 2015 participant contribution of $346 to the trustee on August 31, 2015. On September 15, 2015, KGS remitted the amount of income that would have been earned had the contribution been remitted on a timely basis.
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KFORCE GOVERNMENT PRACTICE PLAN
FORM 5500, SCHEDULE H, PART IV, LINE 4i—SCHEDULE OF ASSETS (HELD AT END OF YEAR)
AS OF DECEMBER 31, 2015
Identity of Party Involved | Description of Investment | Current Value | |||
Kforce Inc.* | Common Stock | $ | 557,354 | ||
Vanguard Growth Index Admiral | Mutual Fund | 2,977,178 | |||
Artisan International Fund | Mutual Fund | 2,964,295 | |||
Prudential Total Return Bond Q | Mutual Fund | 1,960,559 | |||
Vanguard US Value Inv Fund | Mutual Fund | 1,945,383 | |||
Vanguard Mid Cap Growth Fund | Mutual Fund | 1,637,210 | |||
Vanguard Small Cap Value Index Admiral | Mutual Fund | 1,265,068 | |||
Vanguard 500 Index Admiral | Mutual Fund | 1,213,711 | |||
Vanguard Mid-Cap Value Index Admiral | Mutual Fund | 659,645 | |||
Vanguard Small Cap Growth Index Fund | Mutual Fund | 537,421 | |||
American Funds American Balanced R6 | Mutual Fund | 529,907 | |||
DFA Global Equity I | Mutual Fund | 288,779 | |||
Vanguard Mid Cap Index Admiral | Mutual Fund | 218,699 | |||
DFA Intermediate Government Fixed Income I | Mutual Fund | 144,333 | |||
PIMCO Real Return Instl | Mutual Fund | 125,313 | |||
Templeton Global Bond Adv | Mutual Fund | 104,722 | |||
Federated High Yield Institutional | Mutual Fund | 91,246 | |||
Vanguard Small Cap Index Admiral | Mutual Fund | 38,444 | |||
Guaranteed Income Fund* | Unallocated Insurance Contract | 3,365,574 | |||
Various Participants* | Notes receivable from participants (maturing 2016 – 2021 with interest rates at 4.25%) | 232,294 | |||
$ | 20,857,135 | ||||
* | Indicates a party-in-interest to the Plan. |
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KFORCE GOVERNMENT PRACTICE PLAN
FORM 5500, SCHEDULE H, PART IV, LINE 4a— SCHEDULE OF DELINQUENT PARTICIPANT CONTRIBUTIONS
FOR THE YEAR ENDED DECEMBER 31, 2015
Total that Constitute Nonexempt Prohibited Transactions | ||||||||||||||||||
Participant Contributions Transferred Late to Plan | Contributions Not Corrected | Contributions Corrected Outside VFCP (1) | Contributions Pending Correction in VFCP | Total fully Corrected Under VFCP and PTE 2002-51 | ||||||||||||||
$ | 346 | $ | — | $ | 346 | $ | — | $ | — | |||||||||
¨ | Check here if late participant loan re-payments are included. |
(1) Represents a delinquent participant contribution from one pay period in 2015. KGS remitted the delinquent participant contribution as well as lost earnings to the Plan during 2015.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the trustees (or other persons who administer the employee benefit plan) have duly caused this annual report to be signed on its behalf by the undersigned hereunto duly authorized.
Kforce Government Practice Plan | ||
June 28, 2016 | /s/ JEFFREY B. HACKMAN | |
Jeffrey B. Hackman | ||
Senior Vice President, Finance and Accounting of the Plan Administrator, Kforce Inc. | ||
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EXHIBIT
Exhibit No. | Description | |
23.1 | Consent of Warren Averett, LLC, Independent Registered Public Accounting Firm | |
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EXHIBIT 23.1
CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
We consent to the incorporation by reference in Registration Statement No. 333-144470 of Kforce Inc. on Form S-8 of our report dated June 28, 2016 relating to the financial statements and supplemental schedules of the Kforce Government Practice Plan as of December 31, 2015 and 2014 and for the year ended December 31, 2015, appearing in this Annual Report on Form 11-K of the Kforce Government Practice Plan for the year ended December 31, 2015.
/s/ Warren Averett, LLC
Tampa, Florida
June 28, 2016
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