8-K

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

February 22, 2016

Date of Report (Date of earliest event reported)

_____________________

Huron Consulting Group Inc.

(Exact name of registrant as specified in its charter)

Delaware	000-50976	01-0666114
(State or other jurisdiction	(Commission	(IRS Employer
of incorporation)	File Number)	Identification Number)

550 West Van Buren Street

Chicago, Illinois

60607

(Address of principal executive offices)

(Zip Code)

(312) 583-8700

(Registrant’s telephone number, including area code)

_____________________

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:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 7.01.Regulation FD Disclosure.

On February 22, 2016, Huron Consulting Group Inc. (the "Company") posted supplementary financial information on its website to reflect the quarterly and annual 2015 and 2014 results of operations and segment operating metrics excluding the Huron Legal segment, which is reported as a discontinued operation. The Company completed its sale of the Huron Legal segment on December 31, 2015. A copy of the supplementary financial information is furnished as Exhibit 99.1 to this Current Report on Form 8-K.

The information furnished pursuant to this Item 7.01 and the attached Exhibit 99.1 shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, except as shall be expressly set forth by specific reference in such filing.

Item 9.01.Financial Statements and Exhibits.

(d)     Exhibits

99.1     Supplementary financial information

SIGNATURE

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.

		Huron Consulting Group Inc.
		(Registrant)
Date:	February 22, 2016	/s/ C. Mark Hussey
		C. Mark Hussey
		Executive Vice President, Chief Operating Officer, Chief Financial Officer and Treasurer

EXHIBIT INDEX

Exhibit Number	Description
99.1	Supplementary financial information

EX-99.1

Exhibit 99.1

HURON CONSULTING GROUP INC.

CONSOLIDATED STATEMENTS OF EARNINGS

(In thousands, except per share amounts)

(Unaudited)

	Quarter Ended												Year Ended
	March 31, 2015			June 30, 2015			September 30, 2015			December 31, 2015			December 31, 2015
Revenues and reimbursable expenses:
Revenues	$	154,426		$	184,019		$	175,465		$	185,100		$	699,010
Reimbursable expenses	16,308			20,867			16,091			16,747			70,013
Total revenues and reimbursable expenses	170,734			204,886			191,556			201,847			769,023
Direct costs and reimbursable expenses (exclusive of depreciation and amortization shown in operating expenses):
Direct costs	101,394			101,233			94,821			104,467			401,915
Amortization of intangible assets and software development costs	2,454			4,910			4,738			4,686			16,788
Reimbursable expenses	16,407			20,950			15,837			16,738			69,932
Total direct costs and reimbursable expenses	120,255			127,093			115,396			125,891			488,635
Operating expenses and other operating (gains) losses:
Selling, general and administrative expenses	36,824			41,186			39,246			40,646			157,902
Restructuring charges	656			601			320			1,752			3,329
Litigation and other (gains) losses	(226		)	750			—			(10,000		)	(9,476		)
Depreciation and amortization	5,289			6,459			6,538			6,849			25,135
Total operating expenses and other operating (gains) losses	42,543			48,996			46,104			39,247			176,890
Operating income	7,936			28,797			30,056			36,709			103,498
Other income (expense), net:
Interest expense, net of interest income	(4,393		)	(4,763		)	(4,638		)	(4,342		)	(18,136		)
Other income (expense), net	(683		)	101			(1,400		)	185			(1,797		)
Total other expense, net	(5,076		)	(4,662		)	(6,038		)	(4,157		)	(19,933		)
Income from continuing operations before income tax expense	2,860			24,135			24,018			32,552			83,565
Income tax expense	1,892			9,987			9,741			50			21,670
Net income from continuing operations	968			14,148			14,277			32,502			61,895
Income (loss) from discontinued operations, net of tax	534			4,685			5,097			(13,159		)	(2,843		)
Net income	$	1,502		$	18,833		$	19,374		$	19,343		$	59,052
Net earnings per basic share:
Net income from continuing operations	$	0.04		$	0.64		$	0.65		$	1.47		$	2.80
Income (loss) from discontinued operations, net of tax	0.03			0.21			0.23			(0.59		)	(0.13		)
Net income	$	0.07		$	0.85		$	0.88		$	0.88		$	2.67
Net earnings per diluted share:
Net income from continuing operations	$	0.04		$	0.62		$	0.63		$	1.44		$	2.74
Income (loss) from discontinued operations, net of tax	0.03			0.21			0.23			(0.58		)	(0.13		)
Net income	$	0.07		$	0.83		$	0.86		$	0.86		$	2.61
Weighted average shares used in calculating earnings per share:
Basic	22,126			22,220			22,107			22,093			22,136
Diluted	22,602			22,654			22,592			22,551			22,600

HURON CONSULTING GROUP INC.

SEGMENT OPERATING RESULTS AND OTHER OPERATING DATA

(Unaudited)

	Quarter Ended												Year Ended
Segment and Consolidated Operating Results (in thousands):	March 31, 2015			June 30, 2015			September 30, 2015			December 31, 2015			December 31, 2015
Huron Healthcare:
Revenues	$	98,004		$	118,506		$	112,114		$	118,263		$	446,887
Operating income	$	28,980		$	45,531		$	47,609		$	47,440		$	169,560
Segment operating income as a percentage of segment revenues	29.6		%	38.4		%	42.5		%	40.1		%	37.9		%
Huron Education and Life Sciences:
Revenues	$	39,897		$	42,939		$	42,056		$	43,041		$	167,933
Operating income	$	11,780		$	13,174		$	10,473		$	8,789		$	44,216
Segment operating income as a percentage of segment revenues	29.5		%	30.7		%	24.9		%	20.4		%	26.3		%
Huron Business Advisory:
Revenues	$	15,738		$	22,186		$	21,249		$	23,795		$	82,968
Operating income	$	1,599		$	6,684		$	5,231		$	5,749		$	19,263
Segment operating income as a percentage of segment revenues	10.2		%	30.1		%	24.6		%	24.2		%	23.2		%
All Other:
Revenues	$	787		$	388		$	46		$	1		$	1,222
Operating loss	$	(992	)	$	(530	)	$	(132	)	$	(64	)	$	(1,718	)
Segment operating loss as a percentage of segment revenues	N/M			N/M			N/M			N/M			N/M
Total Company:
Revenues	$	154,426		$	184,019		$	175,465		$	185,100		$	699,010
Reimbursable expenses	16,308			20,867			16,091			16,747			70,013
Total revenues and reimbursable expenses	$	170,734		$	204,886		$	191,556		$	201,847		$	769,023
Statements of Earnings reconciliation:
Segment operating income	$	41,367		$	64,859		$	63,181		$	61,914		$	231,321
Items not allocated at the segment level:
Other operating expenses and gains	28,142			29,603			26,587			18,356			102,688
Depreciation and amortization expense	5,289			6,459			6,538			6,849			25,135
Total operating income	7,936			28,797			30,056			36,709			103,498
Other expense, net	5,076			4,662			6,038			4,157			19,933
Income from continuing operations before income tax expense	$	2,860		$	24,135		$	24,018		$	32,552		$	83,565
Other Operating Data (excluding All Other):
Number of full-time billable consultants (at period end) (1):
Huron Healthcare	1,105			1,087			1,084			1,037			1,037
Huron Education and Life Sciences	425			428			458			478			478
Huron Business Advisory	211			204			279			306			306
Total	1,741			1,719			1,821			1,821			1,821
Average number of full-time billable consultants (for the period) (1):
Huron Healthcare	1,108			1,090			1,078			1,063			1,085
Huron Education and Life Sciences	423			427			444			474			442
Huron Business Advisory	205			206			261			302			243
Total	1,736			1,723			1,783			1,839			1,770

HURON CONSULTING GROUP INC.

SEGMENT OPERATING RESULTS AND OTHER OPERATING DATA (CONTINUED)

(Unaudited)

	Quarter Ended												Year Ended
Other Operating Data (continued):	March 31, 2015			June 30, 2015			September 30, 2015			December 31, 2015			December 31, 2015
Full-time billable consultant utilization rate (2):
Huron Healthcare	72.5		%	75.8		%	81.1		%	82.7		%	77.9		%
Huron Education and Life Sciences	76.4		%	76.0		%	75.2		%	74.4		%	75.5		%
Huron Business Advisory	69.5		%	75.1		%	79.4		%	74.8		%	75.0		%
Total	73.1		%	75.8		%	79.4		%	79.2		%	76.9		%
Full-time billable consultant average billing rate per hour (3):
Huron Healthcare	$	211		$	230		$	204		$	223		$	217
Huron Education and Life Sciences	$	225		$	237		$	227		$	233		$	231
Huron Business Advisory (4)	$	227		$	292		$	196		$	215		$	228
Total	$	217		$	239		$	209		$	224		$	222
Revenue per full-time billable consultant (in thousands):
Huron Healthcare	$	72		$	82		$	77		$	82		$	313
Huron Education and Life Sciences	$	81		$	86		$	80		$	77		$	325
Huron Business Advisory	$	74		$	104		$	77		$	76		$	328
Total	$	74		$	86		$	78		$	80		$	318
Average number of full-time equivalents (for the period) (5):
Huron Healthcare	127			188			196			199			179
Huron Education and Life Sciences	38			33			49			51			43
Huron Business Advisory	5			8			10			9			8
Total	170			229			255			259			230
Revenue per full-time equivalent (in thousands):
Huron Healthcare	$	145		$	156		$	148		$	155		$	604
Huron Education and Life Sciences	$	149		$	183		$	133		$	124		$	574
Huron Business Advisory	$	89		$	95		$	112		$	106		$	408
Total	$	144		$	158		$	144		$	147		$	591

HURON CONSULTING GROUP INC.

CONSOLIDATED STATEMENTS OF EARNINGS

(In thousands, except per share amounts)

(Unaudited)

	Quarter Ended												Year Ended
	March 31, 2014			June 30, 2014			September 30, 2014			December 31, 2014			December 31, 2014
Revenues and reimbursable expenses:
Revenues	$	155,756		$	156,109		$	151,904		$	163,917		$	627,686
Reimbursable expenses	18,617			19,907			17,689			17,634			73,847
Total revenues and reimbursable expenses	174,373			176,016			169,593			181,551			701,533
Direct costs and reimbursable expenses (exclusive of depreciation and amortization shown in operating expenses):
Direct costs	87,650			92,401			99,893			104,333			384,277
Amortization of intangible assets and software development costs	938			1,245			1,182			1,225			4,590
Reimbursable expenses	18,953			19,666			17,656			17,580			73,855
Total direct costs and reimbursable expenses	107,541			113,312			118,731			123,138			462,722
Operating expenses and other operating (gains) losses:
Selling, general and administrative expenses	31,138			37,035			33,792			30,834			132,799
Restructuring charges	(5		)	724			115			1,977			2,811
Litigation and other gains	—			(440		)	(150		)	—			(590		)
Depreciation and amortization	3,639			3,868			3,975			3,969			15,451
Total operating expenses and other operating gains	34,772			41,187			37,732			36,780			150,471
Operating income	32,060			21,517			13,130			21,633			88,340
Other income (expense), net:
Interest expense, net of interest income	(1,353		)	(1,561		)	(1,876		)	(3,889		)	(8,679		)
Other income (expense), net	153			198			(51		)	100			400
Total other expense, net	(1,200		)	(1,363		)	(1,927		)	(3,789		)	(8,279		)
Income from continuing operations before income tax expense	30,860			20,154			11,203			17,844			80,061
Income tax expense	13,766			7,681			3,736			7,876			33,059
Net income from continuing operations	17,094			12,473			7,467			9,968			47,002
Income from discontinued operations, net of tax	17,032			7,440			4,752			2,825			32,049
Net income	$	34,126		$	19,913		$	12,219		$	12,793		$	79,051
Net earnings per basic share:
Net income from continuing operations	$	0.76		$	0.55		$	0.33		$	0.45		$	2.10
Income from discontinued operations, net of tax	0.75			0.33			0.21			0.13			1.42
Net income	$	1.51		$	0.88		$	0.54		$	0.58		$	3.52
Net earnings per diluted share:
Net income from continuing operations	$	0.74		$	0.54		$	0.33		$	0.44		$	2.05
Income from discontinued operations, net of tax	0.74			0.32			0.20			0.13			1.40
Net income	$	1.48		$	0.86		$	0.53		$	0.57		$	3.45
Weighted average shares used in calculating earnings per share:
Basic	22,588			22,645			22,488			22,010			22,431
Diluted	23,086			23,098			22,975			22,548			22,925

HURON CONSULTING GROUP INC.

SEGMENT OPERATING RESULTS AND OTHER OPERATING DATA

(Unaudited)

	Quarter Ended												Year Ended
Segment and Consolidated Operating Results (in thousands):	March 31, 2014			June 30, 2014			September 30, 2014			December 31, 2014			December 31, 2014
Huron Healthcare:
Revenues	$	107,548		$	100,967		$	97,812		$	109,476		$	415,803
Operating income	$	51,220		$	38,475		$	27,727		$	41,593		$	159,015
Segment operating income as a percentage of segment revenues	47.6		%	38.1		%	28.3		%	38.0		%	38.2		%
Huron Education and Life Sciences:
Revenues	$	33,576		$	37,747		$	36,523		$	38,116		$	145,962
Operating income	$	6,447		$	11,633		$	9,459		$	8,592		$	36,131
Segment operating income as a percentage of segment revenues	19.2		%	30.8		%	25.9		%	22.5		%	24.8		%
Huron Business Advisory:
Revenues	$	13,382		$	16,574		$	17,142		$	15,742		$	62,840
Operating income	$	2,555		$	5,129		$	4,397		$	1,954		$	14,035
Segment operating income as a percentage of segment revenues	19.1		%	30.9		%	25.7		%	12.4		%	22.3		%
All Other:
Revenues	$	1,250		$	821		$	427		$	583		$	3,081
Operating loss	$	(458	)	$	(520	)	$	(655	)	$	(833	)	$	(2,466	)
Segment operating loss as a percentage of segment revenues	N/M			N/M			N/M			N/M			N/M
Total Company:
Revenues	$	155,756		$	156,109		$	151,904		$	163,917		$	627,686
Reimbursable expenses	18,617			19,907			17,689			17,634			73,847
Total revenues and reimbursable expenses	$	174,373		$	176,016		$	169,593		$	181,551		$	701,533
Statements of Earnings reconciliation:
Segment operating income	$	59,764		$	54,717		$	40,928		$	51,306		$	206,715
Items not allocated at the segment level:
Other operating expenses and gains	24,065			29,332			23,823			25,704			102,924
Depreciation and amortization expense	3,639			3,868			3,975			3,969			15,451
Total operating income	32,060			21,517			13,130			21,633			88,340
Other expense, net	1,200			1,363			1,927			3,789			8,279
Income from continuing operations before income tax expense	$	30,860		$	20,154		$	11,203		$	17,844		$	80,061
Other Operating Data (excluding All Other):
Number of full-time billable consultants (at period end) (1):
Huron Healthcare	995			1,114			1,109			1,099			1,099
Huron Education and Life Sciences	429			407			413			418			418
Huron Business Advisory	166			172			197			205			205
Total	1,590			1,693			1,719			1,722			1,722
Average number of full-time billable consultants (for the period) (1):
Huron Healthcare	985			1,071			1,114			1,109			1,070
Huron Education and Life Sciences	434			415			403			417			417
Huron Business Advisory	161			169			184			207			180
Total	1,580			1,655			1,701			1,733			1,667

HURON CONSULTING GROUP INC.

SEGMENT OPERATING RESULTS AND OTHER OPERATING DATA (CONTINUED)

(Unaudited)

	Quarter Ended												Year Ended
Other Operating Data (continued):	March 31, 2014			June 30, 2014			September 30, 2014			December 31, 2014			December 31, 2014
Full-time billable consultant utilization rate (2):
Huron Healthcare	78.9		%	81.7		%	74.0		%	78.6		%	78.3		%
Huron Education and Life Sciences	68.3		%	71.8		%	71.3		%	74.2		%	71.3		%
Huron Business Advisory	68.5		%	75.3		%	65.4		%	63.5		%	68.0		%
Total	74.9		%	78.5		%	72.5		%	75.7		%	75.4		%
Full-time billable consultant average billing rate per hour (3):
Huron Healthcare	$	272		$	229		$	230		$	262		$	248
Huron Education and Life Sciences	$	200		$	225		$	225		$	227		$	219
Huron Business Advisory	$	238		$	257		$	277		$	248		$	255
Total	$	251		$	231		$	234		$	252		$	242
Revenue per full-time billable consultant (in thousands):
Huron Healthcare	$	102		$	88		$	81		$	92		$	363
Huron Education and Life Sciences	$	65		$	75		$	76		$	76		$	292
Huron Business Advisory	$	79		$	94		$	88		$	71		$	330
Total	$	90		$	85		$	81		$	86		$	341
Average number of full-time equivalents (for the period) (5):
Huron Healthcare	51			58			64			68			60
Huron Education and Life Sciences	39			44			45			46			43
Huron Business Advisory	8			7			9			11			9
Total	98			109			118			125			112
Revenue per full-time equivalent (in thousands):
Huron Healthcare	$	129		$	115		$	115		$	105		$	461
Huron Education and Life Sciences	$	139		$	146		$	129		$	144		$	558
Huron Business Advisory	$	84		$	104		$	106		$	96		$	390
Total	$	129		$	126		$	120		$	119		$	493

(1) Consists of our full-time professionals who provide consulting services and generate revenues based on the number of hours worked.

(2) Utilization rate for our full-time billable consultants is calculated by dividing the number of hours all of our full-time billable consultants worked on client assignments during a period by the total available working hours for all of these consultants during the same period, assuming a forty-hour work week, less paid holidays and vacation days.

(3) Average billing rate per hour for our full-time billable consultants is calculated by dividing revenues for a period by the number of hours worked on client assignments during the same period.

(4) The Huron Business Advisory segment includes the operations of Rittman Mead India, a business that we acquired in July 2015. Absent the impact of Rittman Mead India, the average billing rate per hour for Huron Business Advisory for the three months ended September 30, 2015 and December 31, 2015 and the full year 2015 would have been $245, $258, and $256, respectively.

(5) Consists of consultants who work variable schedules as needed by our clients, as well as other professionals who generate revenues primarily based on number of hours worked. Also includes our cultural transformation consultants within our Studer Group solution, which include coaches and their support staff, and full-time employees who provide software support and maintenance services to our clients.

N/M - Not meaningful

HURON CONSULTING GROUP INC.

RECONCILIATION OF NET INCOME FROM CONTINUING OPERATIONS

TO ADJUSTED EARNINGS BEFORE INTEREST, TAXES, DEPRECIATION AND AMORTIZATION ⁽⁶⁾ 

(In thousands)

(Unaudited)

	Quarter Ended												Year Ended
	March 31, 2015			June 30, 2015			September 30, 2015			December 31, 2015			December 31, 2015
Revenues	$	154,426		$	184,019		$	175,465		$	185,100		$	699,010
Net income from continuing operations	$	968		$	14,148		$	14,277		$	32,502		$	61,895
Add back:
Income tax expense	1,892			9,987			9,741			50			21,670
Interest and other expenses	5,076			4,662			6,038			4,157			19,933
Depreciation and amortization	7,743			11,369			11,276			11,535			41,923
Earnings before interest, taxes, depreciation and amortization (EBITDA) (6)	15,679			40,166			41,332			48,244			145,421
Add back:
Restructuring charges	656			601			320			1,752			3,329
Litigation and other (gains) losses	(226		)	750			—			(10,000		)	(9,476		)
Adjusted EBITDA (6)	$	16,109		$	41,517		$	41,652		$	39,996		$	139,274
Adjusted EBITDA as a percentage of revenues (6)	10.4		%	22.6		%	23.7		%	21.6		%	19.9		%

RECONCILIATION OF NET INCOME FROM CONTINUING OPERATIONS

TO ADJUSTED NET INCOME FROM CONTINUING OPERATIONS ⁽⁶⁾ 

(In thousands)

(Unaudited)

	Quarter Ended												Year Ended
	March 31, 2015			June 30, 2015			September 30, 2015			December 31, 2015			December 31, 2015
Net income from continuing operations	$	968		$	14,148		$	14,277		$	32,502		$	61,895
Weighted average shares – diluted	22,602			22,654			22,592			22,551			22,600
Diluted earnings per share from continuing operations	$	0.04		$	0.62		$	0.63		$	1.44		$	2.74
Add back:
Amortization of intangible assets	4,631			8,141			7,913			8,011			28,696
Restructuring charges	656			601			320			1,752			3,329
Litigation and other (gains) losses	(226		)	750			—			(10,000		)	(9,476		)
Non-cash interest on convertible notes	1,754			1,775			1,795			1,817			7,141
Tax effect	(2,685		)	(4,439		)	(3,951		)	(623		)	(11,698		)
Net tax benefit related to “check-the-box” election	—			—			—			(12,336		)	(12,336		)
Total adjustments, net of tax	4,130			6,828			6,077			(11,379		)	5,656
Adjusted net income from continuing operations (6)	$	5,098		$	20,976		$	20,354		$	21,123		$	67,551
Adjusted diluted earnings per share from continuing operations (6)	$	0.23		$	0.93		$	0.90		$	0.94		$	2.99

HURON CONSULTING GROUP INC.

RECONCILIATION OF NET INCOME FROM CONTINUING OPERATIONS

TO ADJUSTED EARNINGS BEFORE INTEREST, TAXES, DEPRECIATION AND AMORTIZATION ⁽⁶⁾ 

(In thousands)

(Unaudited)

	Quarter Ended												Year Ended
	March 31, 2014			June 30, 2014			September 30, 2014			December 31, 2014			December 31, 2014
Revenues	$	155,756		$	156,109		$	151,904		$	163,917		$	627,686
Net income from continuing operations	$	17,094		$	12,473		$	7,467		$	9,968		$	47,002
Add back:
Income tax expense	13,766			7,681			3,736			7,876			33,059
Interest and other expenses	1,200			1,363			1,927			3,789			8,279
Depreciation and amortization	4,577			5,113			5,157			5,194			20,041
Earnings before interest, taxes, depreciation and amortization (EBITDA) (6)	36,637			26,630			18,287			26,827			108,381
Add back:
Restructuring charges	(5		)	724			115			1,977			2,811
Other gains	—			(440		)	(150		)	—			(590		)
Adjusted EBITDA (6)	$	36,632		$	26,914		$	18,252		$	28,804		$	110,602
Adjusted EBITDA as a percentage of revenues (6)	23.5		%	17.2		%	12.0		%	17.6		%	17.6		%

RECONCILIATION OF NET INCOME FROM CONTINUING OPERATIONS

TO ADJUSTED NET INCOME FROM CONTINUING OPERATIONS ⁽⁶⁾ 

(In thousands)

(Unaudited)

	Quarter Ended												Year Ended
	March 31, 2014			June 30, 2014			September 30, 2014			December 31, 2014			December 31, 2014
Net income from continuing operations	$	17,094		$	12,473		$	7,467		$	9,968		$	47,002
Weighted average shares – diluted	23,086			23,098			22,975			22,548			22,925
Diluted earnings per share from continuing operations	$	0.74		$	0.54		$	0.33		$	0.44		$	2.05
Add back:
Amortization of intangible assets	1,888			2,385			2,309			2,314			8,896
Restructuring charges	(5		)	724			115			1,977			2,811
Other gains	—			(440		)	(150		)	—			(590		)
Non-cash interest on convertible notes	—			—			406			1,733			2,139
Tax effect	(753		)	(1,068		)	(1,072		)	(2,409		)	(5,302		)
Net tax expense related to “check-the-box” election	1,161			—			—			—			1,161
Total adjustments, net of tax	2,291			1,601			1,608			3,615			9,115
Adjusted net income from continuing operations (6)	$	19,385		$	14,074		$	9,075		$	13,583		$	56,117
Adjusted diluted earnings per share from continuing operations (6)	$	0.84		$	0.61		$	0.39		$	0.60		$	2.45

(6) In evaluating the Company’s financial performance, management uses earnings before interest, taxes, depreciation and amortization (“EBITDA”), adjusted EBITDA, adjusted EBITDA as a percentage of revenues, adjusted net income from continuing operations, and adjusted diluted earnings per share from continuing operations, which are non-GAAP measures. Our management uses these non-GAAP financial measures to gain an understanding of our comparative operating performance (when comparing such results with previous periods or forecasts). These non-GAAP financial measures are used by management in their financial and operating decision making because management believes they reflect our ongoing business in a manner that allows for meaningful period-to-period comparisons. Management also uses these non-GAAP financial measures when publicly providing our business outlook, for internal management purposes, and as a basis for evaluating potential acquisitions and dispositions. We believe that these non-GAAP financial measures provide useful information to investors and others in understanding and evaluating Huron’s current operating performance and future prospects in the same manner as management does, if they so choose, and in comparing in a consistent manner Huron’s current financial results with Huron’s past financial results. Investors should recognize that these non-GAAP measures might not be comparable to similarly titled measures of other companies. These measures should be considered in addition to, and not as a substitute for or superior to, any measure of performance, cash flows or liquidity prepared in accordance with accounting principles generally accepted in the United States.