Supplemental Condensed Consolidating Guarantor and Non-Guarantor Financial Information (Tables)

6 Months Ended

Jun. 30, 2018

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Condensed Consolidating Balance Sheet Information

Condensed Consolidating Balance Sheet as of June 30, 2018

	FTI Consulting		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Consolidated
Assets
Cash and cash equivalents	$	14,117	$	151	$	102,288	$	—		$	116,556
Accounts receivable, net	194,004		194,976		218,475		—			607,455
Intercompany receivables	—		1,123,906		—		(1,123,906		)	—
Other current assets	33,030		24,765		25,630		—			83,425
Total current assets	241,151		1,343,798		346,393		(1,123,906		)	807,436
Property and equipment, net	37,147		13,397		24,502		—			75,046
Goodwill	570,876		416,053		211,803		—			1,198,732
Other intangible assets, net	16,678		10,525		25,564		(13,388		)	39,379
Investments in subsidiaries	2,199,577		491,143		—		(2,690,720		)	—
Other assets	34,322		64,889		37,608		—			136,819
Total assets	$	3,099,751	$	2,339,805	$	645,870	$	(3,828,014	)	$	2,257,412
Liabilities
Intercompany payables	$	1,117,874	$	—	$	6,032	$	(1,123,906	)	$	—
Other current liabilities	123,468		124,473		104,363		—			352,304
Total current liabilities	1,241,342		124,473		110,395		(1,123,906		)	352,304
Long-term debt, net	371,662		—		—		—			371,662
Other liabilities	210,946		11,407		35,292		—			257,645
Total liabilities	1,823,950		135,880		145,687		(1,123,906		)	981,611
Stockholders' equity	1,275,801		2,203,925		500,183		(2,704,108		)	1,275,801
Total liabilities and stockholders' equity	$	3,099,751	$	2,339,805	$	645,870	$	(3,828,014	)	$	2,257,412

Condensed Consolidating Balance Sheet as of December 31, 2017

	FTI Consulting		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Consolidated
Assets
Cash and cash equivalents	$	10,186	$	159	$	179,616	$	—		$	189,961
Accounts receivable, net	155,124		156,859		210,895		—			522,878
Intercompany receivables	—		1,093,211		32,695		(1,125,906		)	—
Other current assets	31,933		21,840		27,567		—			81,340
Total current assets	197,243		1,272,069		450,773		(1,125,906		)	794,179
Property and equipment, net	39,137		13,572		22,366		—			75,075
Goodwill	570,876		416,053		217,874		—			1,204,803
Other intangible assets, net	18,426		11,251		29,441		(14,968		)	44,150
Investments in subsidiaries	2,175,362		566,911		—		(2,742,273		)	—
Other assets	34,454		60,566		44,014		—			139,034
Total assets	$	3,035,498	$	2,340,422	$	764,468	$	(3,883,147	)	$	2,257,241
Liabilities
Intercompany payables	$	1,125,906	$	—	$	—	$	(1,125,906	)	$	—
Other current liabilities	127,295		144,474		138,559		—			410,328
Total current liabilities	1,253,201		144,474		138,559		(1,125,906		)	410,328
Long-term debt, net	396,284		—		—		—			396,284
Other liabilities	194,042		14,753		49,863		—			258,658
Total liabilities	1,843,527		159,227		188,422		(1,125,906		)	1,065,270
Stockholders' equity	1,191,971		2,181,195		576,046		(2,757,241		)	1,191,971
Total liabilities and stockholders' equity	$	3,035,498	$	2,340,422	$	764,468	$	(3,883,147	)	$	2,257,241

Condensed Consolidating Statement of Comprehensive Income

Condensed Consolidating Statement of Comprehensive Income for the Three Months Ended June 30, 2018

	FTI Consulting			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Revenues	$	187,569		$	159,288		$	166,503		$	(1,262	)	$	512,098
Operating expenses
Direct cost of revenues	115,751			110,665			105,334			(1,432		)	330,318
Selling, general and administrative expenses	53,472			30,494			33,797			134			117,897
Amortization of other intangible assets	874			313			1,637			(772		)	2,052
	170,097			141,472			140,768			(2,070		)	450,267
Operating income	17,472			17,816			25,735			808			61,831
Other income (expense)	(32,179		)	(572		)	5,642			23,000			(4,109		)
Income (loss) before income tax provision	(14,707		)	17,244			31,377			23,808			57,722
Income tax provision	2,547			4,977			6,589			—			14,113
Equity in net earnings of subsidiaries	60,863			32,779			—			(93,642		)	—
Net income	$	43,609		$	45,046		$	24,788		$	(69,834	)	$	43,609
Other comprehensive loss, net of tax:
Foreign currency translation adjustments, net of    tax expense of $0	$	—		$	—		$	(23,683	)	$	—		$	(23,683	)
Other comprehensive loss, net of tax	—			—			(23,683		)	—			(23,683		)
Comprehensive income	$	43,609		$	45,046		$	1,105		$	(69,834	)	$	19,926

Condensed Consolidating Statement of Comprehensive Income (Loss) for the Three Months Ended June 30, 2017

	FTI Consulting			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Revenues	$	163,649		$	151,716		$	131,480		$	(2,130	)	$	444,715
Operating expenses
Direct cost of revenues	108,445			108,388			89,307			(2,069		)	304,071
Selling, general and administrative expenses	45,908			31,730			30,542			(61		)	108,119
Special charges	13,592			7,306			9,176			—			30,074
Amortization of other intangible assets	883			540			1,741			(742		)	2,422
	168,828			147,964			130,766			(2,872		)	444,686
Operating income (loss)	(5,179		)	3,752			714			742			29
Other income (expense)	(5,361		)	(71		)	774			—			(4,658		)
Income (loss) before income tax provision	(10,540		)	3,681			1,488			742			(4,629		)
Income tax provision (benefit)	(7,034		)	4,219			3,342			—			527
Equity in net earnings of subsidiaries	(1,650		)	(3,862		)	—			5,512			—
Net loss	$	(5,156	)	$	(4,400	)	$	(1,854	)	$	6,254		$	(5,156	)
Other comprehensive income, net of tax:
Foreign currency translation adjustments, net of    tax expense of $0	$	—		$	—		$	10,174		$	—		$	10,174
Other comprehensive income, net of tax	—			—			10,174			—			10,174
Comprehensive income (loss)	$	(5,156	)	$	(4,400	)	$	8,320		$	6,254		$	5,018

Condensed Consolidating Statement of Comprehensive Income for the Six Months Ended June 30, 2018

	FTI Consulting			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Revenues	$	372,890		$	316,417		$	324,275		$	(3,710	)	$	1,009,872
Operating expenses
Direct cost of revenues	231,211			220,063			203,931			(3,770		)	651,435
Selling, general and administrative expenses	104,153			59,474			66,374			24			230,025
Amortization of other intangible assets	1,748			727			3,427			(1,580		)	4,322
	337,112			280,264			273,732			(5,326		)	885,782
Operating income	35,778			36,153			50,543			1,616			124,090
Other income (expense)	(15,249		)	(881		)	3,977			—			(12,153		)
Income before income tax provision	20,529			35,272			54,520			1,616			111,937
Income tax provision	6,917			11,017			11,449			—			29,383
Equity in net earnings of subsidiaries	68,942			67,567			—			(136,509		)	—
Net income	$	82,554		$	91,822		$	43,071		$	(134,893	)	$	82,554
Other comprehensive loss, net of tax:
Foreign currency translation adjustments, net of    tax expense of $0	$	—		$	—		$	(13,237	)	$	—		$	(13,237	)
Other comprehensive loss, net of tax	—			—			(13,237		)	—			(13,237		)
Comprehensive income	$	82,554		$	91,822		$	29,834		$	(134,893	)	$	69,317

Condensed Consolidating Statement of Comprehensive Income for the Six Months Ended June 30, 2017

	FTI Consulting			Guarantor Subsidiaries			Non-Guarantor Subsidiaries		Eliminations			Consolidated
Revenues	$	315,456		$	322,742		$	257,583	$	(4,722	)	$	891,059
Operating expenses
Direct cost of revenues	219,703			226,174			171,868		(4,602		)	613,143
Selling, general and administrative expenses	91,706			63,109			61,114		(120		)	215,809
Special charges	13,592			7,306			9,176		—			30,074
Amortization of other intangible assets	1,785			1,080			3,511		(1,461		)	4,915
	326,786			297,669			245,669		(6,183		)	863,941
Operating income (loss)	(11,330		)	25,073			11,914		1,461			27,118
Other income (expense)	(10,613		)	(498		)	1,257		—			(9,854		)
Income (loss) before income tax provision	(21,943		)	24,575			13,171		1,461			17,264
Income tax provision (benefit)	(12,617		)	15,137			5,884		—			8,404
Equity in net earnings of subsidiaries	18,186			4,711			—		(22,897		)	—
Net income	$	8,860		$	14,149		$	7,287	$	(21,436	)	$	8,860
Other comprehensive income, net of tax:
Foreign currency translation adjustments, net of    tax expense of $0	$	—		$	—		$	17,544	$	—		$	17,544
Other comprehensive income, net of tax	—			—			17,544		—			17,544
Comprehensive income	$	8,860		$	14,149		$	24,831	$	(21,436	)	$	26,404

Condensed Consolidating Statement of Cash Flows

Condensed Consolidating Statement of Cash Flows for the Six Months Ended June 30, 2018

	FTI Consulting			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidated
Operating activities
Net cash provided by (used in) operating activities	$	37,040		$	65,711		$	(137,336	)	$	(34,585	)
Investing activities
Purchases of property and equipment	(4,376		)	(5,181		)	(6,663		)	(16,220		)
Other	39			—			650			689
Net cash used in investing activities	(4,337		)	(5,181		)	(6,013		)	(15,531		)
Financing activities
Repayments under revolving line of credit, net	(25,000		)	—			—			(25,000		)
Deposits	—			—			2,602			2,602
Purchase and retirement of common stock	(14,220		)	—			—			(14,220		)
Net issuance of common stock under equity compensation    plans	18,740			—			—			18,740
Payments for acquisition-related contingent consideration	(500		)	(2,529		)	—			(3,029		)
Intercompany transfers	(7,792		)	(58,009		)	65,801			—
Net cash provided by (used in) financing activities	(28,772		)	(60,538		)	68,403			(20,907		)
Effects of exchange rate changes on cash and cash equivalents	—			—			(2,382		)	(2,382		)
Net increase (decrease) in cash and cash equivalents	3,931			(8		)	(77,328		)	(73,405		)
Cash and cash equivalents, beginning of year	10,186			159			179,616			189,961
Cash and cash equivalents, end of year	$	14,117		$	151		$	102,288		$	116,556

Condensed Consolidating Statement of Cash Flows for the Six Months Ended June 30, 2017

	FTI Consulting			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidated
Operating activities
Net cash provided by (used in) operating activities	$	(56,917	)	$	1,386		$	(26,669	)	$	(82,200	)
Investing activities
Purchases of property and equipment	(5,440		)	(4,655		)	(3,032		)	(13,127		)
Other	72			—			—			72
Net cash used in investing activities	(5,368		)	(4,655		)	(3,032		)	(13,055		)
Financing activities
Borrowings under revolving line of credit, net	115,000			—			—			115,000
Deposits	—			—			3,262			3,262
Purchase and retirement of common stock	(102,513		)	—			—			(102,513		)
Net issuance of common stock under equity compensation    plans	(500		)	—			—			(500		)
Payments for acquisition-related contingent consideration	(79		)	—			—			(79		)
Intercompany transfers	18,070			3,271			(21,341		)	—
Net cash provided by (used in) financing activities	29,978			3,271			(18,079		)	15,170
Effects of exchange rate changes on cash and cash equivalents	—			—			2,438			2,438
Net increase (decrease) in cash and cash equivalents	(32,307		)	2			(45,342		)	(77,647		)
Cash and cash equivalents, beginning of year	47,420			156			168,582			216,158
Cash and cash equivalents, end of year	$	15,113		$	158		$	123,240		$	138,511