Member2021-01-030000055135kelya:KenzieAcademyInc. Outside the United States, we face similar competition. Our website address is: www.kellyservices.com. We are not able to predict the timing or the extent of the recovery. New competition law actions could be initiated. We may have additional tax liabilities that exceed our estimates. Our success depends, in part, on the goodwill associated with our brand. Our Education segment is particularly susceptible to this exposure. We are increasingly dependent on third parties for the execution of critical functions. We conduct our business in major staffing markets throughout the world. We are exposed to market and currency risks on our investment in Persol Holdings. The investment is stated at fair value and is marked to market through net earnings. Our Class B common stock is the only class of our common stock entitled to voting rights. The holders of shares of our Class A common stock are not entitled to voting rights. During 2020 we met all of the covenant requirements. Our apportioned secondary liability is approximately $300,000. However, we anticipate resolution within this year. The ways in which people view, find and conduct work are undergoing fundamental shifts. In response to the crisis, in April 2020 we took a series of proactive actions. The 2020 fiscal year included a 53rd week. Included in total SG&A expenses are restructuring charges of $12.8 million in 2020. The gross profit rate increased by 50 basis points from the prior year. The 53rd week added less than 1% to 2020 reported revenue from services in Education. The decreased revenue volume also resulted in lower performance-based compensation. Education reported a loss of $9.0 million, compared to earnings of $15.8 million in 2019. International reported earnings of $18.7 million, a decrease of 21.6% from 2018. The change from 2018 to 2019 was primarily driven by working capital changes. Trade accounts receivable totaled $1.3 billion at year-end 2020 and 2019. Capital expenditures in 2019 primarily related to the Company's technology programs. As our cash balances build, we tend to pay down debt as appropriate. Actual results can differ from assumed and estimated amounts. Judgment is required in determining our income tax expense. The required accruals may change in the future due to new developments in each matter. Fiscal Year The Company's fiscal year ends on the Sunday nearest to December 31. Ltd. are accounted for on a one-quarter lag (see Investment in PersolKelly Pte. All intercompany accounts and transactions have been eliminated. Ltd. The Company has a 49% ownership interest in its equity affiliate, PersolKelly Pte. Ltd., which is accounted for under the equity method. We do not have any significant financing components or extended payment terms. These costs are recorded in SG&A expenses in the consolidated statements of earnings. As of year-end 2020, there was no impairment loss in relation to the costs capitalized. All of the goodwill is deductible for tax purposes. Expected credit losses are estimated over the contractual term of the loans. The allowance was not material at year-end 2020. Any write offs, if necessary, are recorded by reversing interest income. For the VRP, eligible employees were selected based on their age and years of service. AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)11. Our leases have remaining lease terms of one year to 10 years. The plan offers a savings
