Stockholders' Equity

9 Months Ended

Oct. 02, 2011

Stockholders' Equity [Abstract]

Stockholders' Equity

6. Stockholders’ Equity

On May 11, 2010, the Company sold 1,576,169 shares of Kelly’s Class A common stock to Temp Holdings. The shares were sold in a private transaction at $15.42 per share, which was the average of the closing prices of the Class A common stock for the five days from May 3, 2010 through May 7, 2010, and represented 4.8 percent of the outstanding Class A shares after the completion of the sale. As part of this transaction, Kelly added a representative of Temp Holdings to Kelly’s board of directors.

During the third quarter of 2011, the Company made dividend payments totaling $1.9 million.