Segment Reporting

We manage our business in five reportable segments: Corporate Finance & Restructuring ("Corporate Finance"), Forensic and Litigation Consulting ("FLC"), Economic Consulting, Technology and Strategic Communications.

Our Corporate Finance segment focuses on the strategic, operational, financial and capital needs of our clients around the world and delivers a wide range of service offerings related to restructuring, business transformation and transaction support. Our restructuring practice includes corporate restructuring, including bankruptcy and interim management services. Our business transformation and transaction support practices include financings, mergers and acquisitions (“M&A”), M&A integration, valuations and tax advice, as well as financial, operational and performance improvement services.

Our FLC segment provides law firms, companies, government clients and other interested parties with multidisciplinary, independent dispute advisory, investigations, data analytics, forensic accounting, business intelligence and risk mitigation services, as well as interim management and performance improvement services for our health solutions practice clients.

Our Economic Consulting segment provides law firms, companies, government entities and other interested parties with analysis of complex economic issues for use in legal, regulatory and international arbitration proceedings, strategic decision making and public policy debates in the U.S. and around the world.

Our Technology segment offers a comprehensive portfolio of information governance and e-discovery software, services and consulting support to companies, law firms, courts and government agencies worldwide. Our services allow our clients to control the risk and expense of e-discovery events, as well as manage their data in the context of compliance and risk.

Our Strategic Communications segment designs and executes communications strategies for management teams and boards of directors to help them seize opportunities, manage financial, regulatory and reputational challenges, navigate market disruptions, articulate their brand, stake a competitive position, and preserve and grow their operations.

We evaluate the performance of our operating segments based on Adjusted Segment EBITDA. We define Adjusted Segment EBITDA as a segment’s share of consolidated operating income before depreciation, amortization of intangible assets, remeasurement of acquisition-related contingent consideration, special charges and goodwill impairment charges. We define Total Adjusted Segment EBITDA, a non-GAAP financial measure, as the total of Adjusted Segment EBITDA for all segments, which excludes unallocated corporate expenses. We use Adjusted Segment EBITDA to internally evaluate the financial performance of our segments because we believe it reflects current core operating performance and provides an indicator of the segment’s ability to generate cash.

The table below presents revenues and Adjusted Segment EBITDA for our reportable segments:



	Three Months Ended March 31,
	2018		2017
Revenues
Corporate Finance & Restructuring	$	142,922	$	105,901
Forensic and Litigation Consulting	128,039		111,406
Economic Consulting	133,109		139,221
Technology	40,914		46,087
Strategic Communications	52,790		43,729
Total revenues	$	497,774	$	446,344
Adjusted Segment EBITDA
Corporate Finance & Restructuring	$	34,804	$	10,325
Forensic and Litigation Consulting	25,757		13,521
Economic Consulting	19,136		20,110
Technology	5,732		7,804
Strategic Communications	9,852		4,257
Total Adjusted Segment EBITDA	$	95,281	$	56,017

The table below reconciles Net income to Total Adjusted Segment EBITDA:



	Three Months Ended March 31,
	2018		2017
Net income	$	38,945	$	14,016
Add back:
Income tax provision	15,270		7,877
Interest income and other	1,800		(605		)
Interest expense	6,244		5,801
Unallocated corporate expenses	23,888		19,053
Segment depreciation expense	6,864		7,216
Amortization of intangible assets	2,270		2,493
Remeasurement of acquisition-related contingent consideration	—		166
Total Adjusted Segment EBITDA	$	95,281	$	56,017