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Segment Reporting
 6 Months Ended
Jun. 30, 2023
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, 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 & Strategy, Transactions and Turnaround & Restructuring.
Our FLC segment provides law firms, companies, boards of directors, government entities, private equity firms and other interested parties with a multidisciplinary and independent range of services in risk and investigations and disputes, including cybersecurity, and a focus on highly regulated industries such as our Construction & Environmental Solutions and Health Solutions services. These services are supported by our data & analytics technology-enabled solutions, 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, private equity firms and government entities with a comprehensive global portfolio of digital insights and risk management consulting services. Our professionals help organizations better address risk as the growing volume and variety of enterprise data intersects with legal, regulatory and compliance needs. We deliver a wide range of expert solutions driven by investigations, litigation, mergers & acquisitions, antitrust and competition, and compliance and risk through three core offerings: Corporate Legal Department Consulting, E-discovery Services and Expertise, and Information Governance, Privacy & Security services.
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 June 30,Six Months Ended June 30,
 2023202220232022
Revenues    
Corporate Finance$300,449 $277,067 $600,436 $530,396 
FLC182,223 164,248 355,627 318,144 
Economic Consulting201,822 164,041 371,417 330,018 
Technology97,444 77,782 188,062 158,266 
Strategic Communications82,653 71,854 155,755 141,788 
Total revenues$864,591 $754,992 $1,671,297 $1,478,612 
Adjusted Segment EBITDA    
Corporate Finance$50,028 $54,950 $105,048 $108,490 
FLC21,080 16,707 39,691 33,964 
Economic Consulting35,523 21,646 49,716 42,841 
Technology20,087 8,365 35,453 21,728 
Strategic Communications12,263 11,472 21,819 27,185 
Total Adjusted Segment EBITDA$138,981 $113,140 $251,727 $234,208 
The table below reconciles net income to Total Adjusted Segment EBITDA:
 Three Months Ended June 30,Six Months Ended June 30,
 2023202220232022
Net income$62,395 $51,428 $109,942 $110,749 
Add back:  
Income tax provision22,708 13,353 37,682 30,320 
Interest income and other584 (2,994)1,926 (2,647)
Interest expense3,022 2,448 5,961 5,090 
Unallocated corporate expenses39,026 37,716 73,761 69,055 
Segment depreciation expense9,829 8,452 18,856 16,636 
Amortization of intangible assets1,417 2,737 3,599 5,005 
Total Adjusted Segment EBITDA$138,981 $113,140 $251,727 $234,208