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Segment Reporting
 9 Months Ended
Sep. 30, 2021
Segment Reporting [Abstract]  
Segment Reporting Segment Reporting
We manage our business in five reportable segments: Corporate Finance, FLC, Economic Consulting, Technology and Strategic Communications.
Our Corporate Finance segment focuses on the strategic, operational, financial, transactional and capital needs of our clients around the world. Our clients include companies, boards of directors, investors, private equity sponsors, banks, lenders, and other financing sources and creditor groups, as well as other parties-in-interest. We deliver a wide range of services centered around three core offerings: business transformation, transactions and turnaround, restructuring and bankruptcy.
Our FLC segment provides law firms, companies, government entities and other interested parties with a multidisciplinary and independent range of services in risk and investigations and disputes, including a focus on highly regulated industries such as our construction & environmental solutions and health solutions services. These services are supported by our data & analytics services which help our clients analyze large, disparate sets of data related to their business operations and support our clients during regulatory inquiries and commercial disputes. We deliver a wide range of services centered around five core offerings: construction & environmental solutions, data & analytics, disputes, health solutions and risk and investigations.
Our Economic Consulting segment, including subsidiary Compass Lexecon LLC, provides law firms, companies, government entities and other interested parties with analyses of complex economic issues for use in international arbitration, legal and regulatory proceedings, and strategic decision making and public policy debates around the world. We deliver a wide range of services centered around three core offerings: antitrust & competition economics, financial economics and international arbitration.
Our Technology segment provides companies, law firms and government entities with a comprehensive global portfolio of e-discovery, information governance, privacy and security and corporate legal operations solutions. We deliver a full spectrum of services including data collection, data processing, document review, hosting, advanced analytics and consulting to help clients secure, govern, analyze and understand their data in the context of compliance and risk.
Our Strategic Communications segment develops and executes communications strategies to help management teams, boards of directors, law firms, governments and regulators manage change and mitigate risk surrounding transformational and disruptive events, including transactions, investigations, disputes, crises, regulation and legislation. We deliver a wide range of services centered around three core offerings: corporate reputation, financial communications and public affairs.
We evaluate the performance of our operating segments based on Adjusted Segment EBITDA, a GAAP financial measure. 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, which is 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 as a basis 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 September 30,Nine Months Ended September 30,
 2021202020212020
Revenues    
Corporate Finance$250,321 $236,615 $707,495 $690,375 
FLC145,264 119,104 446,831 373,082 
Economic Consulting172,543 154,978 525,122 438,609 
Technology64,657 58,585 222,762 164,392 
Strategic Communications69,443 52,967 197,781 168,236 
Total revenues$702,228 $622,249 $2,099,991 $1,834,694 
Adjusted Segment EBITDA    
Corporate Finance$55,635 $56,215 $133,248 $181,425 
FLC16,620 13,591 64,054 25,752 
Economic Consulting29,917 25,720 87,195 60,124 
Technology7,835 11,939 47,951 32,858 
Strategic Communications15,489 8,427 39,388 27,237 
Total Adjusted Segment EBITDA$125,496 $115,892 $371,836 $327,396 
The table below reconciles net income to Total Adjusted Segment EBITDA:
 Three Months Ended September 30,Nine Months Ended September 30,
 2021202020212020
Net income$69,480 $50,172 $196,758 $155,093 
Add back:  
Income tax provision19,155 14,407 54,394 45,342 
Interest income and other(5,175)3,340 (5,297)(3,879)
Interest expense5,073 5,151 15,164 15,169 
Unallocated corporate expenses25,974 26,061 82,041 79,928 
Segment depreciation expense8,130 7,236 23,394 21,573 
Amortization of intangible assets2,859 2,795 8,512 7,440 
Segment special charges— 6,730 — 6,730 
Remeasurement of acquisition-related contingent consideration— — (3,130)— 
Total Adjusted Segment EBITDA$125,496 $115,892 $371,836 $327,396