Segment Information

9 Months Ended

Sep. 30, 2017

Segment Reporting [Abstract]

Segment Information

Segment Information

The Company operates its executive search business in the Americas; Europe (which includes Africa); and Asia Pacific (which includes the Middle East) and operates its leadership consulting and culture shaping businesses as separate segments.

For segment purposes, reimbursements of out-of-pocket expenses classified as revenue and other operating income are reported separately and, therefore, are not included in the results of each segment. The Company believes that analyzing trends in revenue before reimbursements (net revenue), analyzing operating expenses as a percentage of net revenue, and analyzing operating income more appropriately reflects its core operations.

The revenue and operating income (loss) by segment are as follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2017		2016		2017		2016
Revenue:
Executive Search
Americas	$	88,254	$	75,602	$	248,442	$	230,486
Europe	33,994		27,844		90,534		78,783
Asia Pacific	21,865		22,813		64,162		63,427
Total Executive Search	144,113		126,259		403,138		372,696
Leadership Consulting	8,771		8,635		29,970		23,203
Culture Shaping	6,916		8,625		18,912		26,670
Revenue before reimbursements (net revenue)	159,800		143,519		452,020		422,569
Reimbursements	4,665		4,720		13,740		13,773
Total revenue	$	164,465	$	148,239	$	465,760	$	436,342

	Three Months Ended September 30,						Nine Months Ended September 30,
	2017			2016			2017			2016
Operating income (loss):
Executive Search
Americas	$	23,574		$	19,208		$	66,086		$	58,583
Europe	4,131			2,530			5,947			6,926
Asia Pacific	1,213			2,223			5,319			4,830
Total Executive Search	28,918			23,961			77,352			70,339
Leadership Consulting	(1,162		)	(1,009		)	(3,732		)	(5,914		)
Culture Shaping (1)	142			41			(42,355		)	(1,928		)
Total segment operating income (loss)	27,898			22,993			31,265			62,497
Global Operations Support	(13,876		)	(10,987		)	(39,016		)	(34,929		)
Total operating income (loss)	$	14,022		$	12,006		$	(7,751	)	$	27,568

(1) Culture Shaping operating loss includes the impact of $39.2 million of impairment charges during the nine months ended September 30, 2017.