10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 10-Q

x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended June 30, 2013

OR

¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from                    to                

Commission file number 001-14875

FTI CONSULTING, INC.

(Exact Name of Registrant as Specified in its Charter)

Maryland	52-1261113
(State or Other Jurisdiction of Incorporation or Organization)	(I.R.S. Employer Identification No.)
777 South Flagler Drive, Suite 1500 West Tower, West Palm Beach, Florida	33401
(Address of Principal Executive Offices)	(Zip Code)

(561) 515-1900

(Registrant’s telephone number, including area code)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    Yes  x    No  ¨

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web Site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).    Yes  x    No    ¨

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer,” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):

Large accelerated filer     x	Accelerated filer                       ¨
Non-accelerated filer     ¨  (Do not check if a smaller reporting company)	Smaller reporting company      ¨

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).    Yes  ¨    No  x

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date.

Class	Outstanding at August 2, 2013
Common stock, par value $0.01 per share	40,559,669

FTI CONSULTING, INC. AND SUBSIDIARIES

INDEX

		Page
PART I—FINANCIAL INFORMATION
Item 1.	Financial Statements
	Condensed Consolidated Balance Sheets—June 30, 2013 and December 31, 2012		3
	Condensed Consolidated Statements of Comprehensive Income (Loss)—Three and six months ended June 30, 2013 and 2012		4
	Condensed Consolidated Statement of Stockholders’ Equity—Six months ended June 30, 2013		5
	Condensed Consolidated Statements of Cash Flows—Six months ended June 30, 2013 and 2012		6
	Notes to Condensed Consolidated Financial Statements		7
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations		21
Item 3.	Quantitative and Qualitative Disclosures About Market Risk		45
Item 4.	Controls and Procedures		45
PART II—OTHER INFORMATION
Item 1.	Legal Proceedings		47
Item 1A.	Risk Factors		47
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds		47
Item 3.	Defaults Upon Senior Securities		48
Item 4.	Mine Safety Disclosures		48
Item 5.	Other Information		48
Item 6.	Exhibits		48
SIGNATURE			50

2

PART I—FINANCIAL INFORMATION

FTI Consulting, Inc. and Subsidiaries

Condensed Consolidated Balance Sheets

(in thousands, except per share amounts)

Item 1. Financial Statements

	June 30, 2013			December 31, 2012
	(Unaudited)
Assets
Current assets
Cash and cash equivalents	$	92,554		$	156,785
Restricted cash		—			1,190
Accounts receivable:
Billed receivables		362,664			314,491
Unbilled receivables		223,875			208,797
Allowance for doubtful accounts and unbilled services		(106,507	)		(94,048	)
Accounts receivable, net		480,032			429,240
Current portion of notes receivable		34,128			33,194
Prepaid expenses and other current assets		40,298			50,351
Current portion of deferred tax assets		17,765			3,615
Total current assets		664,777			674,375
Property and equipment, net of accumulated depreciation		65,607			68,192
Goodwill		1,263,166			1,260,035
Other intangible assets, net of amortization		101,675			104,181
Notes receivable, net of current portion		110,908			101,623
Other assets		64,748			67,046
Total assets	$	2,270,881		$	2,275,452
Liabilities and Stockholders’ Equity
Current liabilities
Accounts payable, accrued expenses and other	$	85,974		$	98,109
Accrued compensation		144,391			168,392
Current portion of long-term debt and capital lease obligations		6,000			6,021
Billings in excess of services provided		25,413			31,675
Total current liabilities		261,778			304,197
Long-term debt and capital lease obligations, net of current portion		717,000			717,024
Deferred income taxes		129,111			105,751
Other liabilities		83,425			80,248
Total liabilities		1,191,314			1,207,220
Commitments and contingent liabilities (notes 8, 10 and 11)
Stockholders’ equity
Preferred stock, $0.01 par value; shares authorized—5,000; none outstanding		—			—
Common stock, $0.01 par value; shares authorized—75,000; shares issued and outstanding—40,494 (2013) and 40,755 (2012)		405			408
Additional paid-in capital		359,373			367,978
Retained earnings		788,381			741,215
Accumulated other comprehensive loss		(68,592	)		(41,369	)
Total stockholders’ equity		1,079,567			1,068,232
Total liabilities and stockholders’ equity	$	2,270,881		$	2,275,452

See accompanying notes to the condensed consolidated financial statements

3

FTI Consulting, Inc. and Subsidiaries

Condensed Consolidated Statements of Comprehensive Income (Loss)

(in thousands, except per share data)

Unaudited

	Three Months Ended June 30,						Six Months Ended June 30,
	2013			2012			2013			2012
Revenues	$	414,613		$	396,243		$	821,791		$	791,471
Operating expenses
Direct cost of revenues		259,528			248,220			518,008			493,838
Selling, general and administrative expense		96,325			92,460			192,972			195,049
Special charges		—			26,782			427			26,782
Acquisition-related contingent consideration		(7,452	)		(3,541	)		(6,721	)		(2,984	)
Amortization of other intangible assets		5,953			5,490			11,517			11,007
		354,354			369,411			716,203			723,692
Operating income		60,259			26,832			105,588			67,779
Other income (expense)
Interest income and other		(387	)		(363	)		550			2,919
Interest expense		(13,071	)		(15,195	)		(25,786	)		(30,399	)
		(13,458	)		(15,558	)		(25,236	)		(27,480	)
Income before income tax provision		46,801			11,274			80,352			40,299
Income tax provision		23,315			3,527			33,186			14,121
Net income	$	23,486		$	7,747		$	47,166		$	26,178
Earnings per common share—basic	$	0.60		$	0.19		$	1.20		$	0.65
Earnings per common share—diluted	$	0.58		$	0.18		$	1.17		$	0.61
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments, net of tax $0	$	(11,714	)	$	(10,960	)	$	(27,223	)	$	1,889
Other comprehensive income (loss), net of tax		(11,714	)		(10,960	)		(27,223	)		1,889
Comprehensive income (loss)	$	11,772		$	(3,213	)	$	19,943		$	28,067

See accompanying notes to the condensed consolidated financial statements

4

FTI Consulting, Inc. and Subsidiaries

Condensed Consolidated Statement of Stockholders’ Equity

(in thousands)

Unaudited

	Common Stock						Additional Paid-in Capital			Retained Earnings		Accumulated Other Comprehensive Loss			Total
	Shares			Amount
Balance December 31, 2012		40,755		$	408		$	367,978		$	741,215	$	(41,369	)	$	1,068,232
Net income		—			—			—			47,166		—			47,166
Other comprehensive income:
Cumulative translation adjustment		—			—			—			—		(27,223	)		(27,223	)
Issuance of common stock in connection with:
Exercise of options, net of income tax expense from share-based awards of $368		213			2			5,621			—		—			5,623
Restricted share grants, less net settled shares of 132		272			2			(4,532	)		—		—			(4,530	)
Stock units issued under incentive compensation plan		—			—			3,005			—		—			3,005
Business combinations		81			1			(995	)		—		—			(994	)
Purchase and retirement of common stock		(827	)		(8	)		(28,750	)		—		—			(28,758	)
Share-based compensation		—			—			17,046			—		—			17,046
Balance June 30, 2013		40,494		$	405		$	359,373		$	788,381	$	(68,592	)	$	1,079,567

See accompanying notes to the condensed consolidated financial statements

5

FTI Consulting, Inc. and Subsidiaries

Condensed Consolidated Statements of Cash Flows

(in thousands)

Unaudited

	Six Months Ended June 30,
	2013			2012
Operating activities
Net income	$	47,166		$	26,178
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation and amortization		16,022			18,449
Amortization of other intangible assets		11,517			11,186
Acquisition-related contingent consideration		(6,721	)		(2,984	)
Provision for doubtful accounts		7,478			7,027
Non-cash share-based compensation		17,046			17,805
Non-cash interest expense		1,349			3,887
Other		(197	)		70
Changes in operating assets and liabilities, net of effects from acquisitions:
Accounts receivable, billed and unbilled		(58,827	)		(50,190	)
Notes receivable		(11,113	)		(23,834	)
Prepaid expenses and other assets		(1,485	)		(4,363	)
Accounts payable, accrued expenses and other		(1,354	)		(1,216	)
Income taxes		14,740			(17,108	)
Accrued compensation		(10,467	)		(43,081	)
Billings in excess of services provided		(5,785	)		886
Net cash provided by (used in) operating activities		19,369			(57,288	)
Investing activities
Payments for acquisition of businesses, net of cash received		(40,512	)		(21,550	)
Purchases of property and equipment		(14,130	)		(13,728	)
Other		21			93
Net cash used in investing activities		(54,621	)		(35,185	)
Financing activities
Payments of long-term debt and capital lease obligations		—			(1,974	)
Purchase and retirement of common stock		(28,758	)		—
Net issuance of common stock under equity compensation plans		1,245			(840	)
Other		(616	)		(1,324	)
Net cash used in financing activities		(28,129	)		(4,138	)
Effect of exchange rate changes on cash and cash equivalents		(850	)		(1,831	)
Net decrease in cash and cash equivalents		(64,231	)		(98,442	)
Cash and cash equivalents, beginning of period		156,785			264,423
Cash and cash equivalents, end of period	$	92,554		$	165,981
Supplemental cash flow disclosures
Cash paid for interest	$	22,903		$	25,367
Cash paid for income taxes, net of refunds		18,446			31,230
Non-cash investing and financing activities:
Issuance of stock units under incentive compensation plans		3,005			3,079
Issuance of common stock to acquire businesses		2,883			—

See accompanying notes to the condensed consolidated financial statements

6

FTI Consulting, Inc. and Subsidiaries

Notes to Condensed Consolidated Financial Statements

(dollar and share amounts in tables expressed in thousands, except per share data)

Unaudited

1. Basis of Presentation and Significant Accounting Policies

The unaudited condensed consolidated financial statements of FTI Consulting, Inc. including its consolidated subsidiaries (collectively, the “Company,” “we,” “our” or “FTI Consulting”) presented herein have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) and under the rules and regulations of the Securities and Exchange Commission (“SEC”) for interim financial information. Some of the information and footnote disclosures normally included in annual financial statements have been condensed or omitted pursuant to those rules and regulations. Certain prior period amounts have been reclassified to conform to the current period presentation. See Note 15 “Segment Reporting” for information on our segment reclassification. In management’s opinion, the interim financial statements reflect all adjustments that are necessary for a fair presentation of the results for the interim periods presented. All adjustments made were normal recurring accruals. Results of operations for the interim periods presented herein are not necessarily indicative of results of operations for a full year. These financial statements should be read in conjunction with the consolidated financial statements and the notes contained in our Annual Report on Form 10-K for the year ended December 31, 2012 filed with the SEC on February 28, 2013 and our Current Report on Form 8-K dated May 21, 2013, in which we reclassified historical segment information on a basis consistent with our current segment reporting structure.

2. Earnings Per Common Share

Basic earnings per common share are calculated by dividing net income by the weighted average number of common shares outstanding during the period. Diluted earnings per common share adjust basic earnings per share for the effects of potentially dilutive common shares. Potentially dilutive common shares include the dilutive effects of shares issuable under our equity compensation plans, including stock options and restricted stock, and, for the three and six months ended June 30, 2012, shares issuable upon the potential conversion of our 3³/₄% senior subordinated convertible notes due on July 15, 2012 (“Convertible Notes”), each using the treasury stock method. In addition, the conversion feature of our Convertible Notes had a dilutive effect on our earnings per share for the three and six months ended June 30, 2012, assuming the conversion premium was converted into common stock based on the average closing price per share of our stock during those periods, because the average closing price per share of our common stock for such periods was above the conversion price of the Convertible Notes of $31.25 per share.

	Three Months Ended June 30,				Six Months Ended June 30,
	2013		2012		2013		2012
Numerator—basic and diluted
Net income	$	23,486	$	7,747	$	47,166	$	26,178
Denominator
Weighted average number of common shares outstanding—basic		39,143		40,592		39,272		40,475
Effect of dilutive stock options		589		646		592		804
Effect of dilutive convertible notes		—		229		—		737
Effect of dilutive restricted shares		561		607		592		656
Weighted average number of common shares outstanding—diluted		40,293		42,074		40,456		42,672
Earnings per common share—basic	$	0.60	$	0.19	$	1.20	$	0.65
Earnings per common share—diluted	$	0.58	$	0.18	$	1.17	$	0.61
Antidilutive stock options and restricted shares		3,593		3,530		3,541		2,806

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3. New Accounting Standards Not yet Adopted

In March 2013, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update 2013-05, Foreign Currency Matters (Topic 830): Parent’s Accounting for the Cumulative Translation Adjustment upon Derecognition of Certain Subsidiaries or Groups of Assets within a Foreign Entity or of an Investment in a Foreign Entity (“ASU 2013-05”). ASU 2013-05 updates accounting guidance related to the application of consolidation guidance and foreign currency matters, and resolves the diversity in practice about what guidance applies to the release of the cumulative translation adjustment into net income. ASU 2013-05 requires that the entire amount of a cumulative translation adjustment related to an entity’s investment in a foreign entity should be released when there has been a: (i) sale of a subsidiary or group of net assets within a foreign entity and the sale represents the substantially complete liquidation of the investment in the foreign entity, (ii) loss of a controlling financial interest in an investment in a foreign entity, and (iii) step acquisition for a foreign entity. This guidance is effective for interim and annual periods beginning after December 15, 2013. This ASU would impact the Company’s consolidated results of operations and financial condition only in the instance of an event/transaction as described above.

4. Special Charges

During the year ended December 31, 2012, we recorded special charges totaling $29.6 million, of which $5.0 million was non-cash. The charges reflect actions we took to realign our workforce to address current business demands and global macro-economic conditions impacting our Forensic and Litigation Consulting, Strategic Communications and Technology segments, to address certain targeted practices within our Corporate Finance/Restructuring and Economic Consulting segments, and to reduce excess real estate capacity. These actions included the termination of 116 employees, the consolidation of leased office space within nine office locations and certain other actions.

During the three months ended March 31, 2013, we recorded an adjustment to the special charge recorded in 2012 of approximately $0.4 million, primarily related to the consolidation of office spaces previously vacated. This adjustment reflects changes to sublease terms and associated costs for those locations for which actual subleases have been entered into during the quarter ended March 31, 2013, as well as the impact of updated forecasts of expected sublease income and employee termination costs.

The following table details the special charges by segment for the three months ended June 30, 2012 and six months ended June 30, 2013 and 2012. We did not record any special charges in the three months ended June 30, 2013.

	Three Months Ended June 30,		Six Months Ended June 30,
	2012		2013			2012
Corporate Finance/Restructuring	$	10,561	$	68		$	10,561
Forensic and Litigation Consulting		7,808		173			7,808
Economic Consulting		818		(4	)		818
Technology		2,966		14			2,966
Strategic Communications		4,511		64			4,511
		26,664		315			26,664
Unallocated Corporate		118		112			118
Total	$	26,782	$	427		$	26,782

The total cash outflow associated with the special charges is expected to be $24.7 million, of which $13.1 million has been paid as of June 30, 2013. Approximately, $3.2 million is expected to be paid during the remainder of 2013, $2.7 million is expected to be paid in 2014, $1.2 million is expected to be paid in 2015, $0.8 million is expected to be paid in 2016, and the remaining balance of $3.7 million related to lease costs will be paid from 2017 to 2025. A liability for the current and noncurrent portions of the amounts to be paid is included in “Accounts payable, accrued expenses and other” and “Other liabilities,” respectively, on the Condensed Consolidated Balance Sheets.

8

Activity related to the liability for these costs for the six months ended June 30, 2013 is as follows:

	Employee Termination Costs			Lease Costs			Total
Balance at December 31, 2012	$	6,696		$	8,517		$	15,213
Additions		(100	)		527			427
Payments		(1,924	)		(1,936	)		(3,860	)
Foreign currency translation adjustment and other		(162	)		—			(162	)
Balance at June 30, 2013	$	4,510		$	7,108		$	11,618

5. Provision for Doubtful Accounts

The provision for doubtful accounts is recorded after the related work has been billed to the client and we determine that full collectability is not reasonably assured. It is classified in “Selling, general and administrative expense” on the Condensed Consolidated Statements of Comprehensive Income (Loss). The provision for doubtful accounts totaled $3.4 million and $7.5 million for the three and six months ended June 30, 2013, respectively, and $2.5 million and $7.0 million for the three and six months ended June 30, 2012, respectively.

6. Research and Development Costs

Research and development costs related to software development totaled $3.5 million and $7.5 million for the three and six months ended June 30, 2013, respectively, and $5.1 million and $11.9 million for the three and six months ended June 30, 2012, respectively. Research and development costs are included in “Selling, general and administrative expense” on the Condensed Consolidated Statements of Comprehensive Income (Loss).

7. Financial Instruments

Fair Value of Financial Instruments

We consider the recorded value of certain financial assets and liabilities, which consist primarily of cash equivalents, accounts receivable and accounts payable, to approximate the fair value of the respective assets and liabilities at June 30, 2013 and December 31, 2012, based on the short-term nature of the assets and liabilities. The fair value of our long-term debt at June 30, 2013 was $743.0 million compared to a carrying value of $723.0 million. At December 31, 2012, the fair value of our long-term debt was $762.0 million compared to a carrying value of $723.0 million. We determine the fair value of our long-term debt primarily based on quoted market prices for our 6³/₄% Senior Notes Due 2020 (“2020 Notes”) and 6.0% Senior Notes Due 2022 (“2022 Notes”). The fair value of our long-term debt is classified within Level 2 of the fair value hierarchy, because it is traded in less active markets.

For business combinations consummated on or after January 1, 2009, we estimate the fair value of acquisition-related contingent consideration based on management’s probability-weighted present value of the consideration expected to be transferred during the remainder of the earnout period, based on the acquired operations’ forecasted earnings. This fair value measure is based on significant inputs not observed in the market and thus represents a Level 3 measurement. Fair value measurements characterized within Level 3 of the fair value hierarchy are measured based on unobservable inputs that are supported by little or no market activity and reflect our own assumptions in measuring fair value.

The significant unobservable inputs used in the fair value measurements of our acquisition-related contingent consideration include our measures of the future profitability and related cash flows of the acquired business or assets, impacted by appropriate discount rates. Significant increases (decreases) in any of these inputs in isolation would result in a significantly lower (higher) fair value measurement. Generally, a change in the assumptions used for the discount rates is accompanied by a directionally opposite change in the fair value measurement and a change in the assumptions used for the future cash flows is accompanied by a directionally

9

similar change in the fair value measurement. The fair value of the contingent consideration is reassessed on a quarterly basis by the Company based on a collaborative effort of the Company’s operations, finance and accounting groups using additional information as it becomes available. Any change in the fair value of an acquisition’s contingent consideration liability results in a remeasurement gain or loss that is recorded in the earnings of that period.

Remeasurement gains or losses are recorded as income or expense, respectively and are included within “Acquisition-related contingent consideration” in the Condensed Consolidated Statements of Comprehensive Income (Loss). During the three months ended June 30, 2013, management determined that the fair value of the contingent consideration liability for one of its acquisitions had declined and recorded a remeasurement gain of $8.2 million compared to a gain of $4.1 million for the three and six months ended June 30, 2012.

Accretion expense for acquisition-related contingent consideration totaled $0.8 million and $1.5 million for the three and six months ended June 30, 2013 respectively, and $0.6 million and $1.1 million for the three and six months ended June 30, 2012, respectively.

The following table represents the changes in the acquisition-related contingent consideration liability during the three and six months ended June 30, 2013 and 2012:

	Three Months Ended June 30,						Six Months Ended June 30,
	2013			2012			2013			2012
Beginning balance	$	16,296		$	15,276		$	16,426		$	14,990
Acquisition(1)		5,377			—			4,528			—
Adjustments to fair value recorded in earnings(2)		(7,452	)		(3,541	)		(6,721	)		(2,984	)
Payments		(235	)		(917	)		(235	)		(1,287	)
Elimination of contingency(3)		—			(2,534	)		—			(2,534	)
Unrealized gains (losses) related to currency translation in other comprehensive income		(701	)		(47	)		(713	)		52
Ending balance	$	13,285		$	8,237		$	13,285		$	8,237

⁽¹⁾  Includes adjustments during the purchase price allocation period.

⁽²⁾ Includes adjustments to fair value related to accretion and remeasurement of contingent consideration which are recorded in “Acquisition-related contingent consideration” on the Condensed Consolidated Statements of Comprehensive Income (Loss).

⁽³⁾ During the three months ended June 30, 2012, we fixed an acquisition-related contingent consideration liability in the amount of $2.5 million. The non-contingent consideration liability is no longer required to be remeasured to fair value and, accordingly, is not classified as a Level 3 measurement.

The following table presents financial liabilities measured at fair value:

	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
As of June 30, 2013
Liabilities:
Acquisition-related contingent consideration, including current portion	$	—	$	—	$	13,285	$	13,285
As of December 31, 2012
Liabilities:
Acquisition-related contingent consideration, including current portion	$	—	$	—	$	16,426	$	16,426

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8. Acquisitions

Certain acquisition-related restricted stock agreements entered into prior to January 1, 2009 contained stock price guarantees that would result in cash payments if our per share price fell below a specified per share market value on the date that the applicable stock restrictions lapsed (the “determination date”). For those acquisitions, the settlement of the stock price guarantees related to our common stock price was recorded as a reduction to additional paid-in capital as of the determination dates. During the three and six months ended June 30, 2013, we paid $3.1 million and $3.9 million, respectively, in cash in relation to the stock price guarantees on certain shares of common stock that became unrestricted, which was recorded as a reduction to additional paid-in-capital on the Condensed Consolidated Balance Sheets. As of June 30, 2013, no further acquisition-related stock price guarantees are outstanding.

2013 Acquisitions

During the second quarter of 2013, we completed two business combinations. The total purchase price included initial consideration with a value of $26.8 million plus acquisition-related contingent consideration. The contingent consideration is payable through the next five years if the acquired businesses meet certain performance measures.

During the first quarter of 2013, we completed two business combinations. The total purchase price included initial consideration with a value of $9.1 million plus, for one of the business combinations, acquisition-related contingent consideration. The contingent consideration is payable annually through December 31, 2017 if the acquired business meets certain performance measures, and is subject to an $8.0 million aggregate cap.

For acquisitions completed during the six months ended June 30, 2013, as part of the preliminary purchase price allocations, we recorded $9.4 million in identifiable intangible assets and $27.2 million in goodwill. The estimated fair value of the acquisition-related contingent consideration of $8.2 million is recorded in “Other liabilities” on the Consolidated Balance Sheets. Pro forma results of operations were not presented because these acquisitions were not material in relation to our consolidated financial position or results of operations for the periods presented.

9. Goodwill and Other Intangible Assets

The changes in the carrying amounts of goodwill by operating segment for the six months ended June 30, 2013, are as follows:

	Corporate Finance/ Restructuring			Forensic and Litigation Consulting			Economic Consulting			Technology			Strategic Communications			Total
Balances at December 31, 2012	$	469,050		$	198,957		$	247,718		$	118,035		$	226,275		$	1,260,035
Acquisitions(1)		12,393			1,050			1,925			—			5,220			20,588
Foreign currency translation adjustment		(4,833	)		(2,059	)		(506	)		(105	)		(9,954	)		(17,457	)
Intersegment transfers in/(out)(2)		(31,471	)		31,471			—			—			—			—
Balances at June 30, 2013	$	445,139		$	229,419		$	249,137		$	117,930		$	221,541		$	1,263,166

⁽¹⁾  Includes adjustments during the purchase price allocation period.

⁽²⁾  Includes the reclassification of the Corporate Finance/Restructuring segment’s healthcare and life sciences practices into the Forensic and Litigation Consulting segment. See Note 15 “Segment Reporting” for information on this segment reclassification.

Other intangible assets with finite lives are amortized over their estimated useful lives. For intangible assets with finite lives, we recorded amortization expense of $6.0 million and $11.5 million for the three and six months ended June 30, 2013, respectively and $5.7 million and $11.2 million for the three and six months ended June 30,

11

2012, respectively. Based solely on the amortizable intangible assets recorded as of June 30, 2013, we estimate amortization expense to be $10.8 million during the remainder of 2013, $13.2 million in 2014, $12.2 million in 2015, $10.7 million in 2016, $9.9 million in 2017, $8.6 million in 2018, and $30.7 million in years after 2018. Actual amortization expense to be reported in future periods could differ from these estimates as a result of new intangible asset acquisitions, finalization of asset valuations for newly acquired assets, changes in useful lives, and changes in value due to foreign currency translation or other factors.

	Useful Life in Years	June 30, 2013				December 31, 2012
		Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Finite lived intangible assets
Customer relationships	1 to 15	$	155,023	$	65,093	$	151,990	$	64,095
Non-competition agreements	1 to 10		10,979		8,527		15,184		11,158
Software	3 to 10		33,948		30,518		33,979		27,424
Tradenames	1 to 2		450		187		180		75
			200,400		104,325		201,333		102,752
Indefinite-lived intangible assets
Tradenames	Indefinite		5,600		—		5,600		—
		$	206,000	$	104,325	$	206,933	$	102,752

10. Long-term Debt and Capital Lease Obligations

The components of long-term debt and capital lease obligations are presented in the table below:

	June 30, 2013		December 31, 2012
6 3/4% senior notes due 2020	$	400,000	$	400,000
6.0% senior notes due 2022		300,000		300,000
Notes payable to former shareholders of acquired businesses		23,000		23,000
Total debt		723,000		723,000
Less current portion		6,000		6,000
Long-term debt, net of current portion		717,000		717,000
Total capital lease obligations		—		45
Less current portion		—		21
Capital lease obligations, net of current portion		—		24
Long-term debt and capital lease obligations, net of current portion	$	717,000	$	717,024

6.0% Senior Notes Due 2022

On November 27, 2012, we completed the private offering of $300.0 million aggregate principal amount of our 2022 Notes. The 2022 Notes were issued at a price of 100% of their principal amount. The 2022 Notes and related guarantees were offered only to qualified institutional buyers in reliance on the exemption from registration set forth in Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and outside the United States (“U.S.”) to non-U.S. persons in reliance on the exemption from registration set forth in Regulation S under the Securities Act. On May 22, 2013, the Company filed a Registration Statement on Form S-4 with the SEC to register the exchange offer of the 2022 Notes for publicly registered senior notes with identical terms, which was declared effective on June 27, 2013. The Company completed the exchange offer of all outstanding 2022 Notes for publically registered notes on July 26, 2013.

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11. Commitments and Contingencies

Contingencies

We are subject to legal actions arising in the ordinary course of business. In management’s opinion, we believe we have adequate legal defenses and/or insurance coverage with respect to the resolutions of such actions. We do not believe any potential settlement or judgment would materially affect our financial position or results of operations.

12. Share-Based Compensation

Share-based Awards and Share-based Compensation Expense

Our officers, employees, non-employee directors and certain individual service providers are eligible to participate in the Company’s equity compensation plans, subject to the discretion of the administrator of the plans. During the six months ended June 30, 2013, we granted an aggregate of 857,328 share-based awards, consisting primarily of restricted stock awards, restricted stock units and stock options.

Total share-based compensation expense for the three and six months ended June 30, 2013 and 2012 is detailed in the following table:

	Three Months Ended June 30,				Six Months Ended June 30,
Comprehensive Income Statement Classification	2013		2012		2013		2012
Direct cost of revenues	$	3,742	$	3,025	$	10,699	$	9,408
Selling, general and administrative expense		3,524		3,239		6,500		7,159
Special charges		—		814		—		814
Total share-based compensation expense	$	7,266	$	7,078	$	17,199	$	17,381

13. Income Taxes

During the second quarter of 2013, we determined that certain deferred tax assets associated with U.S. future foreign tax credits no longer met the “more-likely-than-not” test regarding the realization of those assets primarily due to lower forecasted foreign earnings. Accordingly, the Company increased the valuation allowance against its U.S. future foreign tax credit assets, resulting in a discrete adjustment to the income tax provision in the amount of $6.9 million. As of June 30, 2013 and December 31, 2012, valuation allowances of $9.4 million and $1.9 million, respectively, were recorded against the Company’s net deferred tax assets. We have not established a valuation allowance for any of our other deferred tax assets as we expect that future taxable income as well as the reversal of temporary differences will enable us to fully utilize our deferred tax assets.

As of June 30, 2013, all of the Company’s undistributed non-U.S. subsidiary earnings are considered permanently invested. Accordingly, as of June 30, 2013, we have not provided for deferred taxes on $15.7 million of the undistributed non-U.S. subsidiary earnings. A deferred tax liability will be recognized if and when the Company is no longer able to demonstrate that it plans to permanently reinvest undistributed earnings. If these earnings were repatriated, the Company would be subject to U.S. income taxes. The amount of the unrecognized deferred U.S. income tax liability associated with the indefinitely reinvested undistributed earnings is estimated to be approximately $5.5 million as of June 30, 2013.

Our liability for uncertain tax positions was $2.3 million and $3.8 million at June 30, 2013 and December 31, 2012, respectively. During the first quarter of 2013, the Company effectively settled certain prior year tax matters. As a result, the Company reversed approximately $2.2 million of its liability for uncertain tax positions.

13

The Company has estimated its annual effective tax rate for the full fiscal year 2013 and applied that rate to its income before income taxes in determining its provision for income taxes for the three and six months ended June 30, 2013. The Company also records discrete items in each respective period as appropriate. For the three months ended June 30, 2013, the Company recorded net discrete adjustments of $7.1 million to the income tax provision that resulted in an effective tax rate of 49.8%, as compared to an effective tax rate of 31.3% for the three months ended June 30, 2012. Excluding the impact of this item, the Company’s effective tax rate would have been 34.6%. For the six months ended June 30, 2013, the Company recorded net discrete adjustments of $4.6 million to the income tax provision that resulted in an effective tax rate of 41.3%, as compared to an effective tax rate of 35.0% for the six months ended June 30, 2012. Excluding the impact of these items, the Company’s effective tax rate would have been 35.6%.

14. Stockholders’ Equity

On June 6, 2012, our Board of Directors authorized a two-year stock repurchase program of up to $250.0 million (the “2012 Repurchase Program”). During the three months ended March 31, 2013, we repurchased and retired 826,800 shares of our common stock for an average price per share of $34.78, with a value equivalent to approximately $28.8 million. No share repurchases were made during the three months ended June 30, 2013. During the year ended December 31, 2012 we repurchased and retired 1,681,029 shares of our common stock for an average price per share of $29.76 with a value equivalent to approximately $50.0 million. As of June 30, 2013, a balance of approximately $171.2 million remained available under the 2012 Repurchase Program.

15. Segment Reporting

We manage our business in five reportable segments: Corporate Finance/Restructuring, Forensic and Litigation Consulting, Economic Consulting, Technology and Strategic Communications.

Our Corporate Finance/Restructuring segment focuses on strategic, operational, financial and capital needs of businesses around the world and provides consulting and advisory services on a wide range of areas, such as restructuring (including bankruptcy), interim management, financings, mergers and acquisitions, post-acquisition integration, valuations, tax issues and performance improvement.

Our Forensic and Litigation Consulting segment provides law firms, companies, government clients and other interested parties with dispute advisory, investigations, forensic accounting, business intelligence assessments, data analytics, 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 provides electronic discovery and information management consulting, software and services to its clients. It provides products, services and consulting to companies, law firms, courts and government agencies worldwide. Its comprehensive suite of software and services help clients locate, review and produce electronically stored information, including e-mail, computer files, voicemail, instant messaging, and financial and transactional data.

Our Strategic Communications segment provides advice and consulting services relating to financial and corporate communications and investor relations, reputation management and brand communications, public affairs, business consulting and digital design and marketing.

Effective in the first quarter of 2013, we modified our reportable segments to reflect changes in how we operate our business and the related internal management reporting. The Company’s healthcare and life sciences

14

practices from both our Corporate Finance/Restructuring segment and our Forensic and Litigation Consulting segment have been combined under a single organizational structure. This single integrated practice, our health solutions practice, is now aggregated in its entirety within the Forensic and Litigation Consulting reportable segment. Prior period Corporate Finance/Restructuring and Forensic and Litigation Consulting segment information has been reclassified to conform to the current period presentation.

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, special charges and goodwill impairment charges. We define Total Adjusted Segment EBITDA as the total of Adjusted Segment EBITDA for all segments, which excludes unallocated corporate expenses. Although Adjusted Segment EBITDA is not a measure of financial condition or performance determined in accordance with GAAP, we use Adjusted Segment EBITDA to internally evaluate the financial performance of our segments because we believe it is a useful supplemental measure which 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 for the three and six months ended June 30, 2013 and 2012:

	Three Months Ended June 30,				Six Months Ended June 30,
	2013		2012		2013		2012
Revenues
Corporate Finance/Restructuring	$	96,714	$	96,187	$	195,794	$	193,061
Forensic and Litigation Consulting		105,120		106,256		205,844		209,891
Economic Consulting		111,014		99,455		226,208		199,507
Technology		51,196		47,697		97,900		97,357
Strategic Communications		50,569		46,648		96,045		91,655
Revenues	$	414,613	$	396,243	$	821,791	$	791,471
Adjusted Segment EBITDA
Corporate Finance/Restructuring	$	24,123	$	27,296	$	43,208	$	51,468
Forensic and Litigation Consulting		20,693		19,542		33,504		34,211
Economic Consulting		20,803		18,491		46,997		36,915
Technology		16,888		12,849		30,604		26,064
Strategic Communications		5,219		4,970		8,773		9,499
Total Adjusted Segment EBITDA(1)	$	87,726	$	83,148	$	163,086	$	158,157

⁽¹⁾  Total Adjusted Segment EBITDA is the total of Adjusted Segment EBITDA for all segments.

The table below reconciles Total Adjusted Segment EBITDA to the income before income tax provision:

	Three Months Ended June 30,						Six Months Ended June 30,
	2013			2012			2013			2012
Total Adjusted Segment EBITDA(1)	$	87,726		$	83,148		$	163,086		$	158,157
Segment depreciation expense		(6,944	)		(6,335	)		(13,820	)		(12,608	)
Amortization of other intangible assets		(5,953	)		(5,490	)		(11,517	)		(11,007	)
Special Charges		—			(26,782	)		(427	)		(26,782	)
Unallocated corporate expenses, excluding special charges		(14,570	)		(17,709	)		(31,734	)		(39,981	)
Interest income and other		(387	)		(363	)		550			2,919
Interest expense		(13,071	)		(15,195	)		(25,786	)		(30,399	)
Income before income tax provision	$	46,801		$	11,274		$	80,352		$	40,299

⁽¹⁾  Total Adjusted Segment EBITDA is the total of Adjusted Segment EBITDA for all segments.

15

16. Supplemental Condensed Consolidating Guarantor and Non-Guarantor Financial Information

Substantially all of our domestic subsidiaries are guarantors of borrowings under our senior bank credit facility and 2020 Senior Notes and 2022 Senior Notes (collectively, the “Senior Notes”). The guarantees are full and unconditional and joint and several. All of the guarantors are 100%-owned, direct or indirect, subsidiaries. The following financial information presents condensed consolidating balance sheets, statements of comprehensive income (loss) and statements of cash flows for FTI Consulting, all the guarantor subsidiaries, all the non-guarantor subsidiaries and the eliminations necessary to arrive at the consolidated information for FTI Consulting and its subsidiaries. For purposes of this presentation, we have accounted for our investments in our subsidiaries using the equity method of accounting. The principal eliminating entries eliminate investment in subsidiary and intercompany balances and transactions.

Condensed Consolidating Balance Sheet Information as of June 30, 2013

	FTI Consulting, Inc.		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Consolidated
Assets
Cash and cash equivalents	$	19,671	$	308	$	72,575	$	—		$	92,554
Accounts receivable, net		149,013		186,230		144,789		—		$	480,032
Intercompany receivables		—		729,235		—		(729,235	)	$	—
Other current assets		52,287		19,289		20,615		—		$	92,191
Total current assets		220,971		935,062		237,979		(729,235	)		664,777
Property and equipment, net		33,641		18,683		13,283		—		$	65,607
Goodwill		559,519		425,864		277,783		—		$	1,263,166
Other intangible assets, net		35,754		23,797		72,129		(30,005	)	$	101,675
Investments in subsidiaries		1,768,811		511,827		—		(2,280,638	)	$	—
Other assets		96,327		62,491		27,766		(10,928	)	$	175,656
Total assets	$	2,715,023	$	1,977,724	$	628,940	$	(3,050,806	)	$	2,270,881
Liabilities
Intercompany payables	$	648,931	$	67,108	$	13,196	$	(729,235	)	$	—
Other current liabilities		90,049		85,967		85,762		—		$	261,778
Total current liabilities		738,980		153,075		98,958		(729,235	)		261,778
Long-term debt, net		700,000		17,000		—		—		$	717,000
Other liabilities		196,476		20,690		6,298		(10,928	)	$	212,536
Total liabilities		1,635,456		190,765		105,256		(740,163	)		1,191,314
Stockholders’ equity		1,079,567		1,786,959		523,684		(2,310,643	)	$	1,079,567
Total liabilities and stockholders’ equity	$	2,715,023	$	1,977,724	$	628,940	$	(3,050,806	)	$	2,270,881

16

Condensed Consolidating Balance Sheet Information as of December 31, 2012

	FTI Consulting, Inc.		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Consolidated
Assets
Cash and cash equivalents	$	66,663	$	610	$	89,512	$	—		$	156,785
Restricted cash		—		—		1,190		—			1,190
Accounts receivable, net		140,254		149,253		139,733		—			429,240
Intercompany receivables		7,053		674,136		23,185		(704,374	)		—
Other current assets		46,978		20,469		19,713		—			87,160
Total current assets		260,948		844,468		273,333		(704,374	)		674,375
Property and equipment, net		37,411		16,477		14,304		—			68,192
Goodwill		558,473		418,789		282,773		—			1,260,035
Other intangible assets, net		36,826		23,975		74,967		(31,587	)		104,181
Investments in subsidiaries		1,631,243		502,954		—		(2,134,197	)		—
Other assets		85,109		66,170		28,318		(10,928	)		168,669
Total assets	$	2,610,010	$	1,872,833	$	673,695	$	(2,881,086	)	$	2,275,452
Liabilities
Intercompany payables	$	549,339	$	112,137	$	42,898	$	(704,374	)	$	—
Other current liabilities		118,865		79,533		105,799		—			304,197
Total current liabilities		668,204		191,670		148,697		(704,374	)		304,197
Long-term debt, net		700,024		17,000		—		—			717,024
Other liabilities		173,550		10,479		12,898		(10,928	)		185,999
Total liabilities		1,541,778		219,149		161,595		(715,302	)		1,207,220
Stockholders’ equity		1,068,232		1,653,684		512,100		(2,165,784	)		1,068,232
Total liabilities and stockholders’ equity	$	2,610,010	$	1,872,833	$	673,695	$	(2,881,086	)	$	2,275,452

17

Condensed Consolidating Statement of Comprehensive Income for the Three Months Ended June 30, 2013

	FTI Consulting, Inc.			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations			Consolidated
Revenues	$	144,390		$	254,394	$	113,565		$	(97,736	)	$	414,613
Operating expenses
Direct cost of revenues		92,781			192,526		70,725			(96,504	)		259,528
Selling, general and administrative expense		38,575			28,614		30,367			(1,231	)		96,325
Acquisition-related contingent consideration		92			195		(7,739	)		—			(7,452	)
Amortization of other intangible assets		1,095			2,501		3,146			(789	)		5,953
Operating income		11,847			30,558		17,066			788			60,259
Other (expense) income		(16,773	)		202		3,113			—			(13,458	)
Income (loss) before income tax provision		(4,926	)		30,760		20,179			788			46,801
Income tax (benefit) provision		(4,290	)		24,090		3,515			—			23,315
Equity in net earnings of subsidiaries		24,122			15,679		—			(39,801	)		—
Net income		23,486			22,349		16,664			(39,013	)		23,486
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments, net of tax $0		—			—		(11,714	)		—			(11,714	)
Other comprehensive income (loss), net of tax		—			—		(11,714	)		—			(11,714	)
Comprehensive income	$	23,486		$	22,349	$	4,950		$	(39,013	)	$	11,772

Condensed Consolidating Statement of Comprehensive Income (Loss) for the Three Months Ended June 30, 2012

	FTI Consulting, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Revenues	$	151,442		$	241,033		$	101,451		$	(97,683	)	$	396,243
Operating expenses
Direct cost of revenues		96,450			180,788			66,080			(95,098	)		248,220
Selling, general and administrative expense		39,041			28,507			27,497			(2,585	)		92,460
Special Charges		16,731			4,287			5,764						26,782
Acquisition-related contingent consideration		—			—			(3,541	)		—			(3,541	)
Amortization of other intangible assets		1,297			2,473			2,541			(821	)		5,490
Operating income		(2,077	)		24,978			3,110			821			26,832
Other (expense) income		(17,469	)		(195	)		2,106			—			(15,558	)
Income (loss) before income tax provision		(19,546	)		24,783			5,216			821			11,274
Income tax (benefit) provision		(9,666	)		12,910			283			—			3,527
Equity in net earnings of subsidiaries		17,627			5,741			—			(23,368	)		—
Net income		7,747			17,614			4,933			(22,547	)		7,747
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments, net of tax $0		—			—			(10,960	)		—			(10,960	)
Other comprehensive income (loss), net of tax		—			—			(10,960	)		—			(10,960	)
Comprehensive income (loss)	$	7,747		$	17,614		$	(6,027	)	$	(22,547	)	$	(3,213	)

18

Condensed Consolidating Statement of Comprehensive Income for the Six Months Ended June 30, 2013

	FTI Consulting, Inc.			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations			Consolidated
Revenues	$	295,350		$	501,055	$	221,561		$	(196,175	)	$	821,791
Operating expenses
Direct cost of revenues		193,618			379,873		138,698			(194,181	)		518,008
Selling, general and administrative expense		81,471			56,590		56,905			(1,994	)		192,972
Special charges		323			104		—			—			427
Acquisition-related contingent consideration		179			195		(7,095	)		—			(6,721	)
Amortization of other intangible assets		2,322			4,948		5,829			(1,582	)		11,517
Operating income		17,437			59,345		27,224			1,582			105,588
Other (expense) income		(31,713	)		531		5,946			—			(25,236	)
Income (loss) before income tax provision		(14,276	)		59,876		33,170			1,582			80,352
Income tax (benefit) provision		(7,221	)		34,062		6,345			—			33,186
Equity in net earnings of subsidiaries		54,221			24,114		—			(78,335	)		—
Net income		47,166			49,928		26,825			(76,753	)		47,166
Other comprehensive income, net of tax:
Foreign currency translation adjustments, net of tax $0		—			—		(27,223	)		—			(27,223	)
Other comprehensive income, net of tax		—			—		(27,223	)		—			(27,223	)
Comprehensive income	$	47,166		$	49,928	$	(398	)	$	(76,753	)	$	19,943

Condensed Consolidating Statement of Comprehensive Income for the Six Months Ended June 30, 2012

	FTI Consulting, Inc.			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations			Consolidated
Revenues	$	305,023		$	482,749	$	203,509		$	(199,810	)	$	791,471
Operating expenses
Direct cost of revenues		197,625			362,737		128,999			(195,523	)		493,838
Selling, general and administrative expense		86,435			57,559		55,342			(4,287	)		195,049
Special charges		16,731			4,287		5,764			—			26,782
Acquisition-related contingent consideration		—			—		(2,984	)		—			(2,984	)
Amortization of other intangible assets		2,600			4,950		5,097			(1,640	)		11,007
Operating income		1,632			53,216		11,291			1,640			67,779
Other (expense) income		(30,456	)		35,987		1,874			(34,885	)		(27,480	)
Income (loss) before income tax provision		(28,824	)		89,203		13,165			(33,245	)		40,299
Income tax (benefit) provision		(28,380	)		40,724		1,777			—			14,121
Equity in net earnings of subsidiaries		26,622			13,383		—			(40,005	)		—
Net income		26,178			61,862		11,388			(73,250	)		26,178
Other comprehensive income, net of tax:
Foreign currency translation adjustments, net of tax $0		—			—		1,889			—			1,889
Other comprehensive income, net of tax		—			—		1,889			—			1,889
Comprehensive income	$	26,178		$	61,862	$	13,277		$	(73,250	)	$	28,067

19

Condensed Consolidating Statement of Cash Flow for the Six Months Ended June 30, 2013

	FTI Consulting, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidated
Operating activities
Net cash (used in) provided by operating activities	$	(59,591	)	$	50,836		$	28,124		$	19,369
Investing activities
Payments for acquisition of businesses, net of cash received		(11,601	)		(7,157	)		(21,754	)		(40,512	)
Purchases of property and equipment		(1,505	)		(10,386	)		(2,239	)		(14,130	)
Other		21			—			—			21
Net cash used in investing activities		(13,085	)		(17,543	)		(23,993	)		(54,621	)
Financing activities
Issuance of common stock and other		1,083			—			(645	)		438
Purchase and retirement of common stock		(28,758	)		—			—			(28,758	)
Excess tax benefits from share-based compensation		191			—			—			191
Intercompany transfers		53,168			(33,595	)		(19,573	)		—
Net cash provided by (used in) financing activities		25,684			(33,595	)		(20,218	)		(28,129	)
Effect of exchange rate changes on cash and cash equivalents		—			—			(850	)		(850	)
Net decrease in cash and cash equivalents		(46,992	)		(302	)		(16,937	)		(64,231	)
Cash and cash equivalents, beginning of period		66,663			610			89,512			156,785
Cash and cash equivalents, end of period	$	19,671		$	308		$	72,575		$	92,554

Condensed Consolidating Statement of Cash Flow for the Six Months Ended June 30, 2012

	FTI Consulting, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidated
Operating activities
Net cash (used in) provided by operating activities	$	(70,726	)	$	336		$	13,102		$	(57,288	)
Investing activities
Payments for acquisition of businesses, net of cash received		(21,186	)		—			(364	)		(21,550	)
Purchases of property and equipment		(3,384	)		(8,350	)		(1,994	)		(13,728	)
Other		93			—			—			93
Net cash used in investing activities		(24,477	)		(8,350	)		(2,358	)		(35,185	)
Financing activities
Payments of long-term debt and capital lease obligations		(1,929	)		(45	)		—			(1,974	)
Net issuance of common stock and other		(948	)		—			(1,287	)		(2,235	)
Excess tax benefits from share-based compensation		71			—			—			71
Intercompany transfers		8,906			7,955			(16,861	)		—
Net cash provided by (used in) financing activities		6,100			7,910			(18,148	)		(4,138	)
Effect of exchange rate changes on cash and cash equivalents		—			—			(1,831	)		(1,831	)
Net decrease in cash and cash equivalents		(89,103	)		(104	)		(9,235	)		(98,442	)
Cash and cash equivalents, beginning of period		161,180			197			103,046			264,423
Cash and cash equivalents, end of period	$	72,077		$	93		$	93,811		$	165,981

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Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

The following is a discussion and analysis of our consolidated financial condition and results of operations for the three and six months ended June 30, 2013 and 2012 and significant factors that could affect our prospective financial condition and results of operations. This discussion should be read together with the accompanying unaudited condensed consolidated financial statements and related notes and with our Annual Report on Form 10-K for the year ended December 31, 2012 filed with the Securities and Exchange Commission (the “SEC”) on February 28, 2013 and our Current Report on Form 8-K dated May 21, 2013, in which we reclassified historical segment information on a basis consistent with our current segment reporting structure. Historical results and any discussion of prospective results may not indicate our future performance. See “—Forward-Looking Statements.”

BUSINESS OVERVIEW

We are a leading global business advisory firm dedicated to helping organizations protect and enhance their enterprise value. We work closely with our clients to help them anticipate, understand, manage and overcome complex business matters arising from such factors as the economy, financial and credit markets, governmental regulation, legislation and litigation. We assist clients in addressing a broad range of business challenges, such as restructuring (including bankruptcy), financing and credit issues and indebtedness, interim business management, forensic accounting and litigation matters, international arbitrations, mergers and acquisitions (“M&A”), antitrust and competition matters, electronic discovery (“e-discovery”), management and retrieval of electronically stored information (“ESI”), reputation management and strategic communications. We also provide services to help our clients take advantage of economic, regulatory, financial and other business opportunities. Our experienced teams of professionals include many individuals who are widely recognized as experts in their respective fields. We believe clients retain us because of our recognized expertise and capabilities in highly specialized areas as well as our reputation for satisfying client needs.

We report financial results for the following five reportable segments:

Our Corporate Finance/Restructuring segment focuses on strategic, operational, financial and capital needs of businesses around the world and provides consulting and advisory services on a wide range of areas, such as restructuring (including bankruptcy), interim management, financings, M&A, post-acquisition integration, valuations, tax issues and performance improvement.

Our Forensic and Litigation Consulting segment provides law firms, companies, government clients and other interested parties with dispute advisory, investigations, forensic accounting, business intelligence assessments, data analytics, 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 United States (“U.S.”) and around the world.

Our Technology segment provides e-discovery and information management consulting, software and services to its clients. It provides products, services and consulting to companies, law firms, courts and government agencies worldwide. Its comprehensive suite of software and services help clients locate, review and produce ESI, including e-mail, computer files, voicemail, instant messaging and financial and transactional data.

Our Strategic Communications segment provides advice and consulting services relating to financial and corporate communications and investor relations, reputation management and brand communications, public affairs, business consulting and digital design and marketing.

As of January 1, 2013, the Company’s financial results reflect a combination of the healthcare and life sciences focused personnel that were formerly included in the Corporate Finance/Restructuring and Forensic and

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Litigation Consulting segments, into a single integrated practice. The newly combined health solutions practice consists of over 200 professionals dedicated to serving this growth industry. In the first quarter of 2013, we modified our reportable segments to reflect the changes described above. The Company’s health solutions practice is now aggregated in its entirety in the Forensic and Litigation Consulting reportable segment. Prior period Corporate Finance/Restructuring and Forensic and Litigation Consulting segment information has been reclassified to conform to the current period presentation.

We derive substantially all of our revenues from providing professional services to both U.S. and global clients. Most of our services are rendered under time and expense arrangements that obligate the client to pay us a fee for the hours that we incur at agreed upon rates. Under this arrangement, we typically bill our clients for reimbursable expenses, which may include the cost of producing our work product and other direct expenses that we incur on behalf of the client, such as travel costs. We also render services for which certain clients may be required to pay us a fixed-fee or recurring retainer. These arrangements are generally cancellable at any time. Some of our engagements contain performance-based arrangements in which we earn a success fee when and if certain predefined outcomes occur. This type of success fee may supplement a time-and-expense or fixed-fee arrangement. Success fee revenues may cause variations in our revenues and operating results due to the timing of achieving the performance-based criteria.

In our Technology segment, certain clients are billed based on the amount of data stored on our electronic systems, the volume of information processed and the number of users licensing our Ringtail^® software products for installation within their own environments. We license these products directly to end users as well as indirectly through our channel partner relationships. Unit-based revenue is defined as revenue billed on a per-item, per-page, or some other unit-based method and includes revenue from data processing and hosting, software usage and software licensing. Unit-based revenue includes revenue associated with our proprietary software that is made available to customers, either via a web browser (“on-demand”) or installed at our customer or partner locations (“on-premise”). On-demand revenue is charged on a unit or monthly basis and includes, but is not limited to, processing and review related functions. On-premise revenue is comprised of up-front license fees, with recurring support and maintenance.

Over the past several years the growth in our revenues has resulted from our ability to attract new and recurring engagements and from the acquisitions we have completed. Seasonal factors, such as the timing of our employees’ and clients’ vacations and holidays, impact the timing of our revenues.

Our financial results are primarily driven by:

• the number, size and type of engagements we secure;

• the rate per hour or fixed charges we charge our clients for services;

• the utilization of the revenue-generating professionals we employ;

• the number and experience mix of revenue-generating professionals;

• fees from clients on a retained basis or other;

• licensing of our software products and other technology services;

• the types of assignments we are working on at different times;

• the length of the billing and collection cycles; and

• the geographic locations of our clients or locations in which services are rendered.

Non-GAAP Measures

In the accompanying analysis of financial information, we sometimes use information derived from consolidated and segment financial information that is not presented in our financial statements and prepared in

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accordance with U.S. generally accepted accounting principles (“GAAP”). Certain of these measures are considered “non-GAAP financial measures” under the SEC rules. Specifically, we have referred to:

• Segment Operating Income

• Total Segment Operating Income

• Adjusted EBITDA

• Adjusted Segment EBITDA

• Total Adjusted Segment EBITDA

• Adjusted Net Income

• Adjusted Earnings per Diluted Share

We define Segment Operating Income as a segment’s share of consolidated operating income. We define Total Segment Operating Income as the total of Segment Operating Income for all segments, which excludes unallocated corporate expenses. We use Segment Operating Income for the purpose of calculating Adjusted Segment EBITDA. We define Adjusted EBITDA as consolidated net income before income tax provision, other non-operating income (expense), depreciation, amortization of intangible assets, special charges and goodwill impairment charges. We define Adjusted Segment EBITDA as a segment’s share of consolidated operating income before depreciation, amortization of intangible assets, special charges and goodwill impairment charges. We define Total Adjusted Segment EBITDA 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 is a useful supplemental measure which reflects current core operating performance and provides an indicator of the segment’s ability to generate cash. We also believe that these measures, when considered together with our GAAP financial results, provide management and investors with a more complete understanding of our operating results, including underlying trends, by excluding the effects of special charges and goodwill impairment charges. In addition, EBITDA is a common alternative measure of operating performance used by many of our competitors. It is used by investors, financial analysts, rating agencies and others to value and compare the financial performance of companies in our industry. Therefore, we also believe that these measures, considered along with corresponding GAAP measures, provide management and investors with additional information for comparison of our operating results to the operating results of other companies.

We define Adjusted Net Income and Adjusted Earnings per Diluted Share as net income and earnings per diluted share, respectively, excluding the impact of special charges, goodwill impairment charges and losses on early extinguishment of debt. We use Adjusted Net Income for the purpose of calculating Adjusted Earnings per Diluted Share. Management uses Adjusted Earnings per Diluted Share to assess total company operating performance on a consistent basis. We believe that this measure, when considered together with our GAAP financial results, provides management and investors with a more complete understanding of our business operating results, including underlying trends, by excluding the effects of special charges, goodwill impairment charges and losses on early extinguishment of debt.

Non-GAAP financial measures are not defined in the same manner by all companies and may not be comparable to other similarly titled measures of other companies. Non-GAAP financial measures should be considered in addition to, but not as a substitute for or superior to, the information contained in our Consolidated Statements of Comprehensive Income (Loss). Reconciliations of GAAP to non-GAAP financial measures are included elsewhere in this filing.

We define acquisition growth as the results of operations of acquired companies in the first twelve months following the effective date of an acquisition. Our definition of organic growth is the change in the results of operations excluding the impact of all such acquisitions.

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EXECUTIVE HIGHLIGHTS

	Three Months Ended June 30,				Six Months Ended June 30,
	2013		2012		2013		2012
	(dollars in thousands, except per share amounts)				(dollars in thousands, except per share amounts)
Revenues	$	414,613	$	396,243	$	821,791	$	791,471
Special charges	$	—	$	26,782	$	427	$	26,782
Adjusted EBITDA	$	74,228	$	66,616	$	133,554	$	120,576
Net income	$	23,486	$	7,747	$	47,166	$	26,178
Earnings per common share—diluted	$	0.58	$	0.18	$	1.17	$	0.61
Adjusted EPS	$	0.58	$	0.60	$	1.17	$	1.02
Cash provided by (used in) operating activities	$	21,673	$	533	$	19,369	$	(57,288	)
Total number of employees at June 30,		4,040		3,855		4,040		3,855

Second Quarter 2013 Executive Highlights

Revenues

Revenues for the quarter ended June 30, 2013 increased $18.4 million, or 4.6%, to $414.6 million, compared to $396.2 million in the same prior year period. Revenues grew largely due to $13 million of revenue generated by acquired businesses in our Corporate Finance/Restructuring segment. Revenues increased organically 0.9% due to strong demand for our Economic Consulting and Strategic Communications segments in the North America and Europe, Middle East and Africa (“EMEA”) regions as well as increased volumes for merger and acquisition (“M&A”) related second request document review services in our Technology segment. These increases were partially offset by weak demand for our bankruptcy and restructuring practices in our Corporate Finance/Restructuring segment in the North America and Asia Pacific regions.

Special Charges

There were no special charges recorded in the quarter ended June 30, 2013, compared to $26.8 million in special charges recorded in the same prior year period. The June 30, 2012 special charges were primarily related to staff reductions and leased real estate consolidations.

Adjusted EBITDA

Adjusted EBITDA increased $7.6 million, or 11.4%, to $74.2 million, or 17.9% of revenues, compared to $66.6 million, or 16.8% of revenues, in the same prior year period. The Company reduced its acquisition-related contingent consideration liability related to business operations in Asia that were acquired in 2010, based upon a revaluation of the consideration expected to be paid over the remaining earn out period. The $8.2 million non-cash valuation adjustment was recorded as a revaluation gain and is included within “Acquisition-related contingent consideration” in the Condensed Consolidated Statements of Comprehensive Income (Loss). Approximately $6.3 million of the revaluation gain was recorded in the Corporate Finance/Restructuring segment, with $1.9 million recorded in the Forensic and Litigation Consulting segment. A similar revaluation gain of $4.1 million was recorded in the same prior year period, of which $3.8 million was recorded in the Corporate Finance/Restructuring segment and $0.3 million was recorded in the Forensic and Litigation Consulting segment.

Excluding the impact of the revaluation gain, Adjusted EBITDA increased primarily from a reduction in performance-based compensation expense, increased volumes in our Technology segment and higher utilization in our Economic Consulting segment, partially offset by under-utilization in our bankruptcy and restructuring practices in our Corporate Finance/Restructuring segment in the North America region.

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Net Income

Net income increased $15.8 million to $23.5 million, compared to the $7.7 million in the same prior year period. The increase was primarily attributable to the $26.8 million special charge made in the quarter ended June 30, 2012 that was not present in the quarter ended June 30, 2013. Net income for the quarter ended June 30, 2013 included a favorable $7.1 million after-tax impact related to a revaluation gain, compared to a favorable after-tax impact of approximately $3.2 million related to a revaluation gain in the same prior year period. Additionally, a $6.9 million non-cash valuation reserve was recorded to reduce a deferred tax asset previously established to reflect the benefit of future foreign tax credits which, based on a current assessment, may not be realizable in the future. This valuation reserve was recorded as an increase in income tax expense for the quarter.

Earnings per share and Adjusted EPS

Earnings per diluted share for the quarter ended June 30, 2013 were $0.58, compared to $0.18 in the same prior year period, as the prior year period included a special charge of $26.8 million primarily related to staff reductions and leased real estate consolidations. Earnings per diluted share for the quarter ended June 30, 2013 included an $8.2 million revaluation gain resulting in a $0.18 increase in EPS and Adjusted EPS and an unfavorable $6.9 million deferred tax valuation reserve resulting in a $0.17 decrease in EPS and Adjusted EPS for the quarter compared to a favorable revaluation gain of $4.1 million resulting in a $0.08 increase in EPS and Adjusted EPS in the same prior year period. Adjusted earnings per diluted share, which exclude the impact of the special charge, were $0.58, compared to $0.60 in the same prior year period due to the impact of the operating results described above.

Operating cash flows

Cash provided from operating activities for the quarter ended June 30, 2013 was $21.7 million compared to $0.5 million for the same prior year period. The increase was the result of higher cash collections on accounts receivable, partially offset by bonuses paid and higher tax payments. Cash collections for the quarter were strong at $396 million.

Headcount

Headcount increased by 185, or 4.8%, to 4,040.

Billable headcount increased in the Corporate Finance/Restructuring segment as a result of acquisitions, in the Economic Consulting segment to support growing operations, and Forensic and Litigation Consulting segment related to growth in our health solutions practice, partially offset by a decrease in our Technology segment.

Other strategic activities

On April 4, 2013, the Company announced the acquisition of the operations of Taylor Woodings partnership, an Australian specialist corporate advisory firm with offices in Sydney, Melbourne, Perth and Brisbane. On May 1, 2013, the Company announced the acquisition of the operations of Princeton Economics Group, an economic consulting firm based in Princeton, N.J. The Taylor Woodings acquisition expanded the geographic footprint and service offerings of FTI Consulting in Australia, adding nearly 80 professionals into the Company’s Corporate/Finance Restructuring segment, and the Princeton Economics Consulting Group acquisition added 10 professionals to the Company’s Economic Consulting segment, enhancing capacity within antitrust and competition economics services.

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CONSOLIDATED RESULTS OF OPERATIONS

Segment and Consolidated Operating Results:

	Three Months Ended June 30,						Six Months Ended June 30,
	2013			2012			2013			2012
	(in thousands, except per share amounts)						(in thousands, except per share amounts)
Revenues
Corporate Finance/Restructuring	$	96,714		$	96,187		$	195,794		$	193,061
Forensic and Litigation Consulting		105,120			106,256			205,844			209,891
Economic Consulting		111,014			99,455			226,208			199,507
Technology		51,196			47,697			97,900			97,357
Strategic Communications		50,569			46,648			96,045			91,655
Revenues	$	414,613		$	396,243		$	821,791		$	791,471
Operating income (loss)
Corporate Finance/Restructuring	$	21,436		$	14,520		$	38,135		$	36,464
Forensic and Litigation Consulting		19,177			10,201			30,279			23,298
Economic Consulting		19,530			16,551			44,525			33,871
Technology		11,292			4,757			19,374			12,958
Strategic Communications		3,394			(1,370	)		5,121			1,287
Total segment operating income		74,829			44,659			137,434			107,878
Unallocated corporate expenses		(14,570	)		(17,827	)		(31,846	)		(40,099	)
Operating income		60,259			26,832			105,588			67,779
Other income (expense)
Interest income and other		(387	)		(363	)		550			2,919
Interest expense		(13,071	)		(15,195	)		(25,786	)		(30,399	)
		(13,458	)		(15,558	)		(25,236	)		(27,480	)
Income before income tax provision		46,801			11,274			80,352			40,299
Income tax provision		23,315			3,527			33,186			14,121
Net income	$	23,486		$	7,747		$	47,166		$	26,178
Earnings per common share—basic	$	0.60		$	0.19		$	1.20		$	0.65
Earnings per common share—diluted	$	0.58		$	0.18		$	1.17		$	0.61

Reconciliation of Net Income to Adjusted EBITDA:

	Three Months Ended June 30,				Six Months Ended June 30,
	2013		2012		2013		2012
	(in thousands)				(in thousands)
Net income	$	23,486	$	7,747	$	47,166	$	26,178
Add back:
Income tax provision		23,315		3,527		33,186		14,121
Other income (expense), net		13,458		15,558		25,236		27,480
Depreciation and amortization		8,016		7,512		16,022		15,008
Amortization of other intangible assets		5,953		5,490		11,517		11,007
Special charges		—		26,782		427		26,782
Adjusted EBITDA	$	74,228	$	66,616	$	133,554	$	120,576

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Reconciliation of Net Income to Adjusted Net Income and Earnings Per Share to Adjusted Earnings Per Share

	Three Months Ended June 30,				Six Months Ended June 30,
	2013		2012		2013		2012
Net income	$	23,486	$	7,747	$	47,166	$	26,178
Add back: Special charges, net of tax effect(1)		—		17,320		253		17,320
Adjusted net income	$	23,486	$	25,067	$	47,419	$	43,498
Earnings per common share—diluted	$	0.58	$	0.18	$	1.17	$	0.61
Add back: Special charges, net of tax effect(1)		—		0.42		—		0.41
Adjusted earnings per common share—diluted	$	0.58	$	0.60	$	1.17	$	1.02
Weighted average number of common shares outstanding—diluted		40,293		42,074		40,456		42,672

⁽¹⁾  The tax effect takes into account the tax treatment and related tax rate(s) that apply to each adjustment in the applicable tax jurisdiction(s). As a result, the effective tax rates for the adjustment for the six months ended June 30, 2013 was 40.7%, and the adjustment was 35.3% for each of the three and six months ended June 30, 2012. The tax expense related to the adjustments for the six months ended June 30, 2013 was $0.2 million with no impact on diluted earnings per share. The tax expense for the three and six months ended June 30, 2012 was $9.5 million or $0.22 impact on diluted earnings per share.

Three Months Ended June 30, 2013 Compared to Three Months Ended June 30, 2012

Revenues and operating income

See “Segment Results” for an expanded discussion of segment revenues and operating income.

Unallocated corporate expenses

Unallocated corporate expenses decreased $3.2 million, or 18.3%, to $14.6 million for the three months ended June 30, 2013 from $17.8 million for the same prior year period. The decrease was due to a reduction in performance-based compensation expense and lower spending on core marketing, partially offset by higher legal fees in the three months ended June 30, 2013 when compared to the same prior year period.

Interest income and other

Interest income and other, which includes foreign currency transaction gains and losses was a loss of $0.4 million for the three months ended June 30, 2013, which was unchanged from a loss of $0.4 million for the same prior year period.

Interest expense

Interest expense was $13.1 million for the three months ended June 30, 2013 as compared to $15.2 million for the same prior year period. Interest expense in 2013 was favorably impacted by lower average borrowings, interest rates and deferred financing fees in 2013 as compared to 2012, primarily due to the repayment in July 2012 of $150.0 million aggregate principal amount of 3³/₄% senior subordinated convertible notes (“Convertible Notes”) and the extinguishment of the $215.0 million aggregate principal amount of 7³/₄% senior notes due 2016 (“2016 Notes”) in the fourth quarter of 2012, which was partially offset by interest expense relating to the issuance of the $300.0 million aggregate principal amount of 6.0% senior notes due 2022 (“2022 Notes”) in the fourth quarter of 2012.

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Special charges

During the quarter ended June 30, 2012, we recorded special charges totaling $26.8 million, of which $4.6 million was non-cash. The charges reflect actions we took to realign our workforce to address current business demands and global macro-economic conditions impacting our Forensic and Litigation Consulting, Strategic Communications and Technology segments, to address certain targeted practices within our Corporate Finance/Restructuring and Economic Consulting segments and to reduce excess real estate capacity. These actions included the termination of 116 employees, the consolidation of leased office space within six office locations and certain other actions.

The following table details the special charge adjustments by segment for the quarter ended June 30, 2012:

	Three Months Ended June 30,
	2012
	Special Charges		Total Headcount
Corporate Finance/Restructuring	$	10,561		4
Forensic and Litigation Consulting		7,808		43
Economic Consulting		818		8
Technology		2,966		42
Strategic Communications		4,511		15
		26,664		112
Unallocated Corporate		118		4
Total	$	26,782		116

We did not record any special charges in the three months ended June 30, 2013.

Income tax provision

Our provision for income taxes in interim periods is computed by applying our estimated annual effective tax rate against income before income tax expense for the period. In addition, non-recurring or discrete items are recorded during the period in which they occur or become known. The effective tax rate was 49.8% for the three months ended June 30, 2013 as compared to 31.3% for the same prior year period. During the second quarter of 2013, we recorded a deferred tax valuation reserve related to foreign tax credits, primarily due to lower forecasted foreign earnings, resulting in an increase to the income tax provision in the amount of $6.9 million. Excluding the impact of the discrete item, the effective tax rate for the three months ended June 30, 2013 would have been 34.6%, higher than the same prior year period due to the impact from a change in the mix of earnings by jurisdiction, both state and foreign, and certain non-deductible expenses relating to acquisitions completed in 2013.

Six Months Ended June 30, 2013 Compared to Six Months Ended June 30, 2012

Revenues and operating income

See “Segment Results” for an expanded discussion of segment revenues and operating income.

Unallocated corporate expenses

Unallocated corporate expenses decreased $8.3 million, or 20.6%, to $31.8 million for the six months ended June 30, 2013 from $40.1 million for the same prior year period. The decrease was due to a reduction in performance-based compensation expense, lower spending on core marketing and lower costs related to strategic planning activities in the six months ended June 30, 2013 when compared to the same prior year period.

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Interest income and other

Interest income and other, which includes foreign currency transaction gains and losses, decreased by $2.3 million to $0.6 million for the six months ended June 30, 2013 from $2.9 million for the same prior year period. The decrease is primarily due to net foreign currency transaction losses in the period ended June 30, 2013 as compared to net gains in the same prior year period. Transaction gains and losses, both realized and unrealized, relate to the remeasurement or settlement of monetary assets and liabilities that are denominated in a currency other than an entity’s functional currency. These monetary assets and liabilities include current intercompany receivables and payables. The foreign exchange losses in the six months ended June 30, 2013 were primarily the result of the strengthening of the US dollar and Hong Kong dollar relative to the Australian dollar, Canadian dollar and British pound.

Interest expense

Interest expense was $25.8 million for the six months ended June 30, 2013 as compared to $30.4 million for the same prior year period. Interest expense in 2013 was favorably impacted by lower average borrowings, interest rates and deferred financing fees in 2013 as compared to 2012, primarily due to the repayment in July 2012 of $150.0 million aggregate principal amount of Convertible Notes and the extinguishment of the 2016 Notes in the fourth quarter of 2012, which was partially offset by interest expense relating to the issuance of the 2022 Notes in the fourth quarter of 2012.

Special charges

During the six months ended June 30, 2013, we recorded adjustments to the special charges recorded in 2012 of approximately $0.4 million, primarily related to the consolidation of office spaces previously vacated. These charges reflect the changes to sublease terms and associated costs for those locations for which actual subleases have been entered into during the six months ended June 30, 2013, as well as the impact of updated forecasts of expected sublease income and employee termination costs.

The following table details the special charges by segment for the six months ended June 30, 2013 and 2012:

	Six Months Ended June 30,					Six Months Ended June 30,
	2013					2012
	Special Charges			Total Headcount		Special Charges		Total Headcount
Corporate Finance/Restructuring	$	68			—	$	10,561		4
Forensic and Litigation Consulting		173			—		7,808		43
Economic Consulting		(4	)		—		818		8
Technology		14			—		2,966		42
Strategic Communications		64			—		4,511		15
		315			—		26,664		112
Unallocated Corporate		112			—		118		4
Total	$	427			—	$	26,782		116

Income tax provision

Our provision for income taxes in interim periods is computed by applying our estimated annual effective tax rate against income before income tax expense for the period. In addition, non-recurring or discrete items are recorded during the period in which they occur or become known. The effective tax rate was 41.3% for the six months ended June 30, 2013 as compared to 35.0% for the same period in 2012 due to an increase in income tax expense related to a discrete adjustment recorded in the period. During the six months ended June 30, 2013, we recorded a deferred tax valuation reserve related to foreign tax credits, primarily due to lower forecasted foreign earnings, resulting in a discrete increase to the income tax provision in the amount of $6.9 million. We also recognized the impact of a discrete benefit related to the favorable resolution of an income tax contingency in the amount of $2.2 million. Excluding the impact of these discrete items, the effective tax rate for the six months ended June 30, 2013 would have been 35.6%, comparable to the effective tax rate in the same prior year period.

29

SEGMENT RESULTS

Total Adjusted Segment EBITDA

The following table reconciles net income to Total Segment Operating Income and Total Adjusted Segment EBITDA for the three months ended June 30, 2013 and 2012.

	Three Months Ended June 30,				Six Months Ended June 30,
	2013		2012		2013		2012
	(in thousands)				(in thousands)
Net income	$	23,486	$	7,747	$	47,166	$	26,178
Add back:
Income tax provision		23,315		3,527		33,186		14,121
Other income (expense), net		13,458		15,558		25,236		27,480
Unallocated corporate expense		14,570		17,827		31,846		40,099
Total Segment Operating Income	$	74,829	$	44,659	$	137,434	$	107,878
Add back:
Segment depreciation expense		6,944		6,335		13,820		12,608
Amortization of other intangible assets		5,953		5,490		11,517		11,007
Special charges		—		26,664		315		26,664
Total Adjusted Segment EBITDA	$	87,726	$	83,148	$	163,086	$	158,157

Other Segment Operating Data

	Three Months Ended June 30,						Six Months Ended June 30,
	2013			2012			2013			2012
Number of revenue-generating professionals (at period end):
Corporate Finance/Restructuring		718			596			718			596
Forensic and Litigation Consulting		969			930			969			930
Economic Consulting		499			467			499			467
Technology		285			311			285			311
Strategic Communications		611			599			611			599
Total revenue-generating professionals		3,082			2,903			3,082			2,903
Utilization rates of billable professionals:(1)
Corporate Finance/Restructuring		62	%		75	%		66	%		77	%
Forensic and Litigation Consulting		67	%		68	%		65	%		74	%
Economic Consulting		82	%		80	%		86	%		83	%
Average billable rate per hour:(2)(3)
Corporate Finance/Restructuring	$	416		$	413		$	412		$	413
Forensic and Litigation Consulting		307			306			314			304
Economic Consulting		505			496			501			483

⁽¹⁾  We calculate the utilization rate for our billable professionals by dividing the number of hours that all of our billable professionals worked on client assignments during a period by the total available working hours for all of our billable professionals during the same period. Available hours are determined by the standard hours worked by each employee, adjusted for part-time hours, local country standard work weeks and local country holidays. Available working hours include vacation and professional training days, but exclude holidays. Utilization rates are presented for our segments that primarily bill clients on an hourly basis. We have not presented a utilization rate for our Technology segment and Strategic Communications segment as most of the revenues of these segments are not generated on an hourly basis.

⁽²⁾  For engagements where revenues are based on number of hours worked by our billable professionals, average billable rate per hour is calculated by dividing revenues for a period by the number of hours worked on client assignments during the same period. We have not presented an average billable rate per hour for our Technology and Strategic Communications segments as most of the revenues of these segments are not based on billable hours.

⁽³⁾  2013 and 2012 utilization and average bill rate calculations for our Corporate Finance/Restructuring, Forensic and Litigation Consulting, and Economic Consulting segments were updated to reflect the realignment of certain practices as well as information related to non-U.S. operations that was not previously available.

30

CORPORATE FINANCE/RESTRUCTURING

	Three Months Ended June 30,						Six Months Ended June 30,
	2013			2012			2013			2012
	(dollars in thousands, except rate per hour)						(dollars in thousands, except rate per hour)
Revenues	$	96,714		$	96,187		$	195,794		$	193,061
Operating expenses:
Direct cost of revenues		59,516			58,372			121,949			116,810
Selling, general and administrative expenses		19,730			14,571			37,420			29,126
Special charges		—			10,561			68			10,561
Acquisition-related contingent consideration		(5,800	)		(3,277	)		(5,161	)		(2,778	)
Amortization of other intangible assets		1,832			1,440			3,383			2,878
		75,278			81,667			157,659			156,597
Segment operating income		21,436			14,520			38,135			36,464
Add back:
Depreciation and amortization of intangible assets		2,687			2,215			5,005			4,443
Special charges		—			10,561			68			10,561
Adjusted Segment EBITDA	$	24,123		$	27,296		$	43,208		$	51,468
Gross profit(1)	$	37,198		$	37,815		$	73,845		$	76,251
Gross profit margin(2)		38.5	%		39.3	%		37.7	%		39.5	%
Adjusted Segment EBITDA as a percent of revenues		24.9	%		28.4	%		22.1	%		26.7	%
Number of revenue generating professionals (at period end)		718			596			718			596
Utilization rates of billable professionals		62	%		75	%		66	%		77	%
Average billable rate per hour	$	416		$	413		$	412		$	413

⁽¹⁾  Revenues less direct cost of revenues

⁽²⁾  Gross profit as a percent of revenues

Three Months Ended June 30, 2013 Compared to Three Months Ended June 30, 2012

Revenues increased $0.5 million, or 0.5%, to $96.7 million for the three months ended June 30, 2013 compared to $96.2 million for the same prior year period. Revenues increased $13.0 million, or 13.6%, in 2013 due to acquisitions as compared to the same prior year period. Revenues decreased organically $12.5 million, or 13.1%, due to lower demand in our North America and Asia Pacific restructuring practices, partially offset by higher realization in the EMEA region and success fees in our telecom, media and technology practice.

Gross profit decreased $0.6 million, or 1.6%, to $37.2 million for the three months ended June 30, 2013 compared to $37.8 million for the same prior year period. Gross profit margin decreased 0.8 percentage points to 38.5% for the three months ended June 30, 2013 compared to 39.3% for the same prior year period. The decrease in gross profit margin was due to lower utilization in our North America and Asia Pacific restructuring practices, partially offset by favorable margins from our acquired practices and a reduction in performance-based compensation expense.

SG&A expense increased $5.1 million, or 35.4%, to $19.7 million for the three months ended June 30, 2013 compared to $14.6 million for the same prior year period. SG&A expense was 20.4% of revenues for the three months ended June 30, 2013, compared to 15.1% for the same prior year period. The increase in SG&A expense was due to the overhead costs related to the acquired practices as well as non-recurring acquisition costs of $1.8 million.

Amortization of other intangible assets was $1.8 million for the three months ended June 30, 2013 compared to $1.4 million for the same prior year period.

31

Adjusted Segment EBITDA decreased $3.2 million, or 11.6%, to $24.1 million for the three months ended June 30, 2013 compared to $27.3 million for the same prior year period. Excluding the revaluation gains in 2013 and 2012 of $6.3 million and $3.8 million, respectively, Adjusted Segment EBITDA decreased by $5.7 million to $17.8 million.

Six Months Ended June 30, 2013 Compared to Six Months Ended June 30, 2012

Revenues increased $2.7 million, or 1.4%, to $195.8 million for the six months ended June 30, 2013 compared to $193.1 million for the same prior year period. Revenues increased $19.5 million, or 10.1%, in 2013 due to acquisitions as compared to the same prior year period. Revenues decreased organically $16.8 million, or 8.7%, primarily due to lower demand and realization in our North America and Asia Pacific restructuring practices, partially offset by higher demand and realization in the EMEA region and increased demand for our telecom, media and technology practices.

Gross profit decreased $2.5 million, or 3.2%, to $73.8 million for the six months ended June 30, 2013 compared to $76.3 million for the same prior year period. Gross profit margin decreased 1.8 percentage points to 37.7% for the six months ended June 30, 2013 compared to 39.5% for the same prior year period. The decrease in gross profit margin was due to lower utilization in our North America and Asia Pacific restructuring practices, partially offset by favorable margins from our acquired practices and reduced performance-based compensation expense.

SG&A expense increased $8.3 million, or 28.5%, to $37.4 million for the six months ended June 30, 2013 compared to $29.1 million for the same prior year period. SG&A expense was 19.1% of revenues for the six months ended June 30, 2013, compared to 15.1% for the same prior year period. The increase in SG&A expense was primarily due to the overhead costs related to the acquired practices as well as non-recurring acquisition costs of $1.8 million. Amortization of other intangible assets was $3.4 million for the six months ended June 30, 2013 compared to $2.9 million for the same prior year period.

Adjusted Segment EBITDA decreased $8.3 million, or 16.0%, to $43.2 million for the six months ended June 30, 2013 compared to $51.5 million for the same prior year period. Excluding the revaluation gains in 2013 and 2012 of $6.3 million and $3.8 million, respectively, Adjusted Segment EBITDA decreased $10.8 million to $36.9 million.

32

FORENSIC AND LITIGATION CONSULTING

	Three Months Ended June 30,						Six Months Ended June 30,
	2013			2012			2013			2012
	(dollars in thousands, except rate per hour)						(dollars in thousands, except rate per hour)
Revenues	$	105,120		$	106,256		$	205,844		$	209,891
Operating expenses:
Direct cost of revenues		66,861			67,836			134,835			136,197
Selling, general and administrative expenses		20,351			20,167			41,222			41,770
Special charges		—			7,808			173			7,808
Acquisition-related contingent consideration		(1,848	)		(264	)		(1,756	)		(206	)
Amortization of other intangible assets		579			508			1,091			1,024
		85,943			96,055			175,565			186,593
Segment operating income		19,177			10,201			30,279			23,298
Add back:
Depreciation and amortization of intangible assets		1,516			1,533			3,052			3,105
Special charges		—			7,808			173			7,808
Adjusted Segment EBITDA	$	20,693		$	19,542		$	33,504		$	34,211
Gross profit(1)	$	38,259		$	38,420		$	71,009		$	73,694
Gross profit margin(2)		36.4	%		36.2	%		34.5	%		35.1	%
Adjusted Segment EBITDA as a percent of revenues		19.7	%		18.4	%		16.3	%		16.3	%
Number of revenue generating professionals (at period end)		969			930			969			930
Utilization rates of billable professionals		67	%		68	%		65	%		74	%
Average billable rate per hour	$	307		$	306		$	314		$	304

⁽¹⁾  Revenues less direct cost of revenues

⁽²⁾  Gross profit as a percent of revenues

Three Months Ended June 30, 2013 Compared to Three Months Ended June 30, 2012

Revenues decreased $1.2 million, or 1.1%, to $105.1 million for the three months ended June 30, 2013 from $106.3 million for the same prior year period. The decline was primarily attributable to the decrease in demand in our North America investigation and trial services practices, partially offset by higher average bill rates as a result of staff mix in our North America disputes and investigations practices and success fees in our health solutions practice.

Gross profit decreased $0.1 million, or 0.4%, to $38.3 million for the three months ended June 30, 2013 from $38.4 million for the same prior year period. Gross profit margin increased 0.2 percentage points to 36.4% for the three months ended June 30, 2013 from 36.2% for the same prior year period. The increase in gross profit margin was driven by improved utilization in our North America disputes and investigations practices and a reduction in performance-based compensation expense, partially offset by under-utilization in our trial services practice and investments in certain new EMEA practices.

SG&A expense increased $0.2 million, or 0.9%, to $20.4 million for the three months ended June 30, 2013 from $20.2 million for the same prior year period. SG&A expense was 19.4% of revenues for the three months ended June 30, 2013, up from 19.0% for the same prior year period.

Amortization of other intangible assets increased by $0.1 million to $0.6 million for the three months ended June 30, 2013 from $0.5 million for the same prior year period.

33

Adjusted Segment EBITDA increased by $1.2 million, or 5.9%, to $20.7 million for the three months ended June 30, 2013 from $19.5 million for the same prior year period. Excluding the revaluation gains in 2013 and 2012 of $1.9 million and $0.3 million, respectively, Adjusted Segment EBITDA decreased $0.4 million to $18.8 million.

Six Months Ended June 30, 2013 Compared to Six Months Ended June 30, 2012

Revenues decreased $4.0 million, or 1.9%, to $205.9 million for the six months ended June 30, 2013 from $209.9 million for the same prior year period. Revenues declined organically $4.6 million, or 2.2%, primarily due to weak demand in our North America investigation and trial services practices, partially offset by higher average bill rates as a result of staff mix in our North America disputes and investigations practices and success fees in our health solutions practice as well as certain large engagements that benefitted our data analytics practice in the prior year period.

Gross profit decreased $2.7 million, or 3.6%, to $71.0 million for the six months ended June 30, 2013 from $73.7 million for the same prior year period. Gross profit margin decreased 0.6 percentage points to 34.5% for the six months ended June 30, 2013 from 35.1% for the same prior year period. The gross profit margin decline was primarily due to lower utilization in our data analytics and trial services practices as well as increased investment in certain new EMEA practices, partially offset by improved utilization in our North America disputes and investigations practices and a reduction in performance-based compensation expense.

SG&A expense decreased $0.6 million, or 1.3%, to $41.2 million for the six months ended June 30, 2013 from $41.8 million for the same prior year period. SG&A expense was 20.0% of revenues for the six months ended June 30, 2013, up from 19.9% for the same prior year period. The decrease in SG&A expense was primarily due to lower corporate allocations, bad debt expense and facilities costs, partially offset by higher personnel costs. Bad debt expense was 1.0% of revenues for the six months ended June 30, 2013 down from 1.3% for the same prior year period.

Amortization of other intangible assets increased by $0.1 million to $1.1 million for the six months ended June 30, 2013 from $1.0 million for the same prior year period.

Adjusted Segment EBITDA decreased by $0.7 million, or 2.1%, to $33.5 million for the six months ended June 30, 2013 from $34.2 million for the same prior year period. Excluding the revaluation gains in 2013 and 2012 of $1.9 million and $0.3 million, respectively, Adjusted Segment EBITDA decreased $2.3 million to $31.6 million.

34

ECONOMIC CONSULTING

	Three Months Ended June 30,						Six Months Ended June 30,
	2013			2012			2013			2012
	(dollars in thousands, except rate per hour)						(dollars in thousands, except rate per hour)
Revenues	$	111,014		$	99,455		$	226,208		$	199,507
Operating expenses:
Direct cost of revenues		76,671			69,257			152,622			136,912
Selling, general and administrative expenses		14,356			12,431			28,210			27,109
Special charges		—			818			(4	)		818
Acquisition-related contingent consideration		47			—			47			—
Amortization of other intangible assets		410			398			808			797
		91,484			82,904			181,683			165,636
Segment operating income		19,530			16,551			44,525			33,871
Add back:
Depreciation and amortization of intangible assets		1,273			1,122			2,476			2,226
Special charges		—			818			(4	)		818
Adjusted Segment EBITDA	$	20,803		$	18,491		$	46,997		$	36,915
Gross profit(1)	$	34,343		$	30,198		$	73,586		$	62,595
Gross profit margin(2)		30.9	%		30.4	%		32.5	%		31.4	%
Adjusted Segment EBITDA as a percent of revenues		18.7	%		18.6	%		20.8	%		18.5	%
Number of revenue generating professionals (at period end)		499			467			499			467
Utilization rates of billable professionals		82	%		80	%		86	%		83	%
Average billable rate per hour	$	505		$	496		$	501		$	483

⁽¹⁾  Revenues less direct cost of revenues

⁽²⁾  Gross profit as a percent of revenues

Three Months Ended June 30, 2013 Compared to Three Months Ended June 30, 2012

Revenues increased $11.5 million, or 11.6%, to $111.0 million for the three months ended June 30, 2013 from $99.5 million for the same prior year period. Revenues grew organically $11.3 million, or 11.3%, due to strong demand in our antitrust litigation practice in the North America and EMEA regions and our international arbitration, regulatory and valuation practices in the EMEA region.

Gross profit increased $4.1 million, or 13.7%, to $34.3 million for the three months ended June 30, 2013 from $30.2 million for the same prior year period. Gross profit margin increased 0.5 percentage points to 30.9% for the three months ended June 30, 2013 from 30.4% for the same prior year period. The increase in gross profit margin was attributed to higher utilization, partially offset by higher performance-based compensation expense.

SG&A expense increased $2.0 million, or 15.5%, to $14.4 million for the three months ended June 30, 2013 from $12.4 million for the same prior year period. SG&A expense was 12.9% of revenues for the three months ended June 30, 2013 compared to 12.5% for the same prior year period. The increase in SG&A expense was due to higher bad debt expense compared to the prior year period which included several large recoveries. Bad debt expense was 1.7% of revenues for the three months ended June 30, 2013 compared to 0.5% of revenues for the same prior year period.

35

Amortization of other intangible assets was $0.4 million for the three months ended June 30, 2013, unchanged for the same prior year period.

Adjusted Segment EBITDA increased $2.3 million, or 12.5%, to $20.8 million for the three months ended June 30, 2013, compared to $18.5 million for the same prior year period.

Six Months Ended June 30, 2013 Compared to Six Months Ended June 30, 2012

Revenues increased $26.7 million, or 13.4%, to $226.2 million for the six months ended June 30, 2013 compared to $199.5 million for the same prior year period. Revenues grew organically $26.4 million, or 13.2%, primarily due to increased demand in our financial economics and antitrust litigation practices in the North America region as well as our international arbitration, regulatory and valuation practices in the EMEA region.

Gross profit increased $11.0 million, or 17.6%, to $73.6 million for the six months ended June 30, 2013 compared to $62.6 million for the same prior year period. Gross profit margin increased 1.1 percentage points to 32.5% for the six months ended June 30, 2013 from 31.4% for the same prior year period. The increase in gross profit margin was due to higher utilization, partially offset by higher performance-based compensation expense.

SG&A expense increased $1.1 million, or 4.1%, to $28.2 million for the six months ended June 30, 2013 compared to $27.1 million for the same prior year period. SG&A expense was 12.5% of revenues for the six months ended June 30, 2013 compared to 13.6% for the same prior year period. The increase in SG&A expense was due to higher personnel costs, computer expenses and corporate allocations in support of growing operations. Bad debt expense was 1.7% of revenues for the six months ended June 30, 2013 compared to 1.9% of revenues for the same prior year period.

Amortization of other intangible assets was $0.8 million for the six months ended June 30, 2013, unchanged for the same prior year period.

Adjusted Segment EBITDA increased $10.1 million, or 27.3%, to $47.0 million for the six months ended June 30, 2013, compared to $36.9 million for the same prior year period.

36

TECHNOLOGY

	Three Months Ended June 30,						Six Months Ended June 30,
	2013			2012			2013			2012
	(dollars in thousands, except rate per hour)						(dollars in thousands, except rate per hour)
Revenues	$	51,196		$	47,697		$	97,900		$	97,357
Operating expenses:
Direct cost of revenues		23,126			22,304			44,987			44,177
Selling, general and administrative expenses		14,793			15,686			29,555			33,280
Special charges		—			2,966			14			2,966
Amortization of other intangible assets		1,985			1,984			3,970			3,976
		39,904			42,940			78,526			84,399
Segment operating income		11,292			4,757			19,374			12,958
Add back:
Depreciation and amortization of intangible assets		5,596			5,126			11,216			10,140
Special charges		—			2,966			14			2,966
Adjusted Segment EBITDA	$	16,888		$	12,849		$	30,604		$	26,064
Gross profit(1)	$	28,070		$	25,393		$	52,913		$	53,180
Gross profit margin(2)		54.8	%		53.2	%		54.0	%		54.6	%
Adjusted Segment EBITDA as a percent of revenues		33.0	%		26.9	%		31.3	%		26.8	%
Number of revenue generating professionals (at period end)(3)		285			311			285			311

⁽¹⁾  Revenues less direct cost of revenues

⁽²⁾  Gross profit as a percent of revenues

⁽³⁾  Includes personnel involved in direct client assistance and revenue generating consultants

Three Months Ended June 30, 2013 Compared to Three Months Ended June 30, 2012

Revenues increased by $3.5 million, or 7.3%, to $51.2 million for the three months ended June 30, 2013 from $47.7 million for the same prior year period. Revenues increased due to higher volume for M&A-related second request services and growth in the EMEA and North America regions related to financial services investigations and competition engagements.

Gross profit increased by $2.7 million, or 10.5%, to $28.1 million for the three months ended June 30, 2013 from $25.4 million for the same prior year period. Gross profit margin increased 1.6 percentage points to 54.8% for the three months ended June 30, 2013 from 53.2% for the same prior year period due to increased services volumes, partially offset by reduced pricing for services and consulting.

SG&A expense decreased by $0.9 million, or 5.7%, to $14.8 million for the three months ended June 30, 2013 from $15.7 million for the same prior year period. SG&A expense was 28.9% of revenue for the three months ended June 30, 2013, down from 32.9% for the same prior year period due to the decline in revenues. The decrease in SG&A expense was driven by lower research and development expenses, partially offset by higher bad debt expense. Bad debt expense was $0.5 million for the three months ended June 30, 2013 compared to $0.1 million for the same prior year period. Research and development expense for the three months ended June 30, 2013 was $3.5 million, compared to $5.1 million for the same prior year period.

Amortization of other intangible assets remained flat at $2.0 million for the three months ended June 30, 2013 compared to the same prior year period.

37

Adjusted Segment EBITDA increased $4.0 million, or 31.4%, to $16.9 million for the three months ended June 30, 2013 from $12.9 million for the same prior year period.

Six Months Ended June 30, 2013 Compared to Six Months Ended June 30, 2012

Revenues increased by $0.5 million, or 0.6%, to $97.9 million for the six months ended June 30, 2013 from $97.4 million for the same prior year period. Revenues increased due to higher volume for M&A-related second request services and growth in the EMEA and North America regions related to financial services investigations and competition engagements.

Gross profit decreased by $0.3 million, or 0.5%, to $52.9 million for the six months ended June 30, 2013 from $53.2 million for the same prior year period. Gross profit margin decreased 0.6 percentage points to 54.0% for the six months ended June 30, 2013 from 54.6% for the same prior year period due to the revenues increase in our lower margin services as well as higher infrastructure costs, amortization of capitalized software and variable compensation expense.

SG&A expense decreased by $3.7 million, or 11.2%, to $29.6 million for the six months ended June 30, 2013 from $33.3 million for the same prior year period. SG&A expense was 30.2% of revenues for the six months ended June 30, 2013, down from 34.2% for the same prior year period. The decrease in SG&A expense was primarily due to lower research and development expenses, partially offset by higher bad debt expense. Bad debt expense was $0.9 million for the six months ended June 30, 2013 compared to bad debt recoveries of $0.2 million for the same prior year period. Research and development expense for the six months ended June 30, 2013 was $7.5 million, compared to $11.9 million for the same prior year period.

Amortization of other intangible assets remained flat at $4.0 million for the six months ended June 30, 2013 compared to the same prior year period.

Adjusted Segment EBITDA increased $4.5 million, or 17.4%, to $30.6 million for the six months ended June 30, 2013 from $26.1 million for the same prior year period.

38

STRATEGIC COMMUNICATIONS

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2013			2012			2013			2012
	(dollars in thousands, except rate per hour)						(dollars in thousands, except rate per hour)
Revenues	$	50,569		$	46,648		$	96,045		$	91,655
Operating expenses:
Direct cost of revenues		33,354			30,454			63,615			59,745
Selling, general and administrative expenses		12,525			11,893			24,831			23,780
Special charges		—			4,511			64			4,511
Acquisition-related contingent consideration		149			—			149			—
Amortization of other intangible assets		1,147			1,160			2,265			2,332
		47,175			48,018			90,924			90,368
Segment operating income (loss)		3,394			(1,370	)		5,121			1,287
Add back:
Depreciation and amortization of intangible assets		1,825			1,829			3,588			3,701
Special charges		—			4,511			64			4,511
Adjusted Segment EBITDA	$	5,219		$	4,970		$	8,773		$	9,499
Gross profit(1)	$	17,215		$	16,194		$	32,430		$	31,910
Gross profit margin(2)		34.0	%		34.7	%		33.8	%		34.8	%
Adjusted Segment EBITDA as a percent of revenues		10.3	%		10.7	%		9.1	%		10.4	%
Number of revenue generating professionals (at period end)		611			599			611			599

⁽¹⁾  Revenues less direct cost of revenues

⁽²⁾  Gross profit as a percent of revenues

Three Months Ended June 30, 2013 Compared to Three Months Ended June 30, 2013

Revenues increased $4.0 million, or 8.4%, to $50.6 million for the three months ended June 30, 2013 from $46.6 million for the same prior year period with a 1.2% decline from the estimated negative impact of foreign currency translation, which was primarily due to the weakening of the British pound relative to the U.S. dollar. Revenues increased due to acquisitions by $1.5 million, or 3.3%, from the same prior year period. Revenues increased organically 6.3% due to higher pass-through revenues in the North America region and higher project revenue in the North America and EMEA regions, partially offset by reduced capital market activity in the Asia Pacific region.

Gross profit increased $1.0 million, or 6.3%, to $17.2 million for the three months ended June 30, 2013 from $16.2 million for the same prior year period. Gross profit margin decreased 0.7 percentage points to 34.0% for the three months ended June 30, 2013 from 34.7% for the same prior year period. The decline in gross profit margin was primarily due to the higher proportion of low margin pass-through revenues.

SG&A expense increased $0.6 million, or 5.3%, to $12.5 million for the three months ended June 30, 2013 from $11.9 million for the same prior year period. SG&A expense was 24.8% of revenues for the three months ended June 30, 2013, down from 25.5% of revenues for the same prior year period. The increase in SG&A expense was primarily related to higher facilities expenses and overhead costs related to a 2013 acquired practice.

Amortization of other intangible assets of $1.1 million was unchanged for the three months ended June 30, 2013 compared to the same prior year period.

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Adjusted Segment EBITDA increased $0.2 million, or 5.0%, to $5.2 million for the three months ended June 30, 2013 from $5.0 million for the same prior year period.

Six Month Ended June 30, 2013 Compared to Six Months Ended June 30, 2013

Revenues increased $4.3 million, or 4.8%, to $96.0 million for the six months ended June 30, 2013 from $91.7 million for the same prior year period with a 1.0% decline from the estimated negative impact of foreign currency translation, which was primarily due to the weakening of the British pound and South African rand relative to the U.S. dollar. Revenues increased due to acquisitions by $1.8 million or 2.0% from the same prior year period. Revenues increased organically 3.8% due to higher pass-through revenues in the North America region and higher project revenues in the North America and EMEA regions, partially offset by reduced capital market activity in the Asia Pacific region.

Gross profit increased $0.5 million, or 1.6%, to $32.4 million for the six months ended June 30, 2013 from $31.9 million for the same prior year period. Gross profit margin decreased 1.0 percentage points to 33.8% for the six months ended June 30, 2013 from 34.8% for the same prior year period. The decline in gross profit margin was primarily due to the higher proportion of low margin pass-through revenues.

SG&A expense increased $1.0 million, or 4.4%, to $24.8 million for the six months ended June 30, 2013 from $23.8 million for the same prior year period. SG&A expense was 25.9% of revenues for the six months ended June 30, 2013, unchanged from the same prior year period. The increase in SG&A expense was primarily due to higher legal expenses, increased facilities costs, increased corporate allocations, and overhead costs related to a 2013 acquired practice, partially offset by lower personnel costs due to lower headcount.

Amortization of other intangible assets of $2.3 million was unchanged for the six months ended June 30, 2013 compared to the same prior year period.

Adjusted Segment EBITDA decreased $0.7 million, or 7.6%, to $8.8 million for the six months ended June 30, 2013 from $9.5 million for the same prior year period.

CRITICAL ACCOUNTING POLICIES

Our discussion and analysis of our financial condition and results of operations are based on our condensed consolidated financial statements, which we have prepared in accordance with accounting principles generally accepted in the U.S. The preparation of these financial statements requires us to make estimates and judgments that affect the reported amounts of assets, liabilities, revenues and expenses, and related disclosure of contingent assets and liabilities. Note 1 to the Consolidated Financial Statements in our Annual Report on Form 10-K for the year ended December 31, 2012 filed with the SEC on February 28, 2013 describes the significant accounting policies and methods used in preparation of the Consolidated Financial Statements. We evaluate our estimates, including those related to bad debts, goodwill, income taxes and contingencies on an ongoing basis. We base our estimates on historical experience and on various other assumptions that we believe are reasonable under the circumstances. These results form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates under different assumptions or conditions. The accounting policies that reflect our more significant estimates, judgments and assumptions and which we believe are the most critical to aid in fully understanding and evaluating our reported financial results include the following:

• Revenue Recognition

• Allowance for Doubtful Accounts and Unbilled Services

• Goodwill and Other Intangible Assets

• Business Combinations

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• Share-Based Compensation

• Income Taxes

There have been no material changes to our critical accounting policies and estimates from the information provided in Part II, “Management’s Discussion and Analysis of Financial Condition and Results of Operations— Critical Accounting Policies,” as disclosed in our Annual Report on Form 10-K for the year ended December 31, 2012 filed with the SEC on February 28, 2013 and our Current Report on Form 8-K dated May 21, 2013.

Goodwill and Other Intangible Assets

On a quarterly basis, we monitor the key drivers of fair value to detect events or other changes that would warrant an interim impairment test of our goodwill and intangible assets. Factors we consider important which could trigger an interim impairment review include, but are not limited to the following: significant underperformance relative to historical or projected future operating results; a significant change in the manner of our use of the acquired asset or strategy for our overall business; a significant negative industry or economic trend; and our market capitalization relative to net book value. Through our assessment, we determined that there were no events or circumstances that more likely than not would reduce the fair value of any of our reporting units below their carrying value. Accordingly, we did not perform an interim impairment test in either of the quarters in the six-months ended June 30, 2013.

During the fourth quarter of 2012, we performed our goodwill impairment test and determined the carrying values of the goodwill associated with the Strategic Communications reporting unit exceeded its implied fair value, resulting in a $110.4 million non-deductible goodwill impairment charge. The Strategic Communications reporting unit has a goodwill balance of $221.5 million at June 30, 2013. If our long term future growth rates and associated cash flows were to decline from current estimates, the Company could potentially experience future impairment charges.

There can be no assurance that the estimates and assumptions used in our goodwill impairment testing will prove to be accurate predictions of the future. Our next evaluation of goodwill by reporting unit will be performed during the three months ended December 31, 2013. If our assumptions regarding forecasted cash flows are not achieved, we may be required to perform the two-step quantitative goodwill impairment analysis. In addition, if the aforementioned factors have the effect of changing one of the critical assumptions or estimates we use to calculate the value of our goodwill or intangible assets, we may be required to record goodwill and/or intangible asset impairment charges in future periods, whether in connection with our next annual impairment test or if a triggering event occurs outside of the quarter during which the annual goodwill impairment test is performed. It is not possible at this time to determine if any future impairment charge would result or, if it does, whether such charge would be material.

LIQUIDITY AND CAPITAL RESOURCES

Cash Flows

	Six Months Ended
	June 30,
	2013			2012
	(dollars in thousands)
Net cash provided by (used in) operating activities	$	19,369		$	(57,288	)
Net cash used in investing activities	$	(54,621	)	$	(35,185	)
Net cash used in financing activities	$	(28,129	)	$	(4,138	)

We have generally financed our day-to-day operations, capital expenditures and acquisition-related contingent payments through cash flows from operations. During the first quarter of our fiscal year, our cash needs generally exceed our cash flows from operations due to the payments of annual incentive compensation and acquisition-related contingent payment. Our operating cash flows generally exceed our cash needs subsequent to the first quarter of each year.

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Our operating assets and liabilities consist primarily of billed and unbilled accounts receivable, notes receivable from employees, accounts payable, accrued expenses and accrued compensation expense. The timing of billings and collections of receivables as well as payments for compensation arrangements affect the changes in these balances.

Cash provided by operating activities was $19.4 million for the six months ended June 30, 2013 compared to cash used in operating activities of $57.3 million for the six months ended June 30, 2012. The $76.7 million increase in cash provided by operating activities was primarily due to a reduction in bonus payments ($25 million of which were accelerated and paid in the fourth quarter of 2012), lower employee loan payments, an increase in cash collections of accounts receivable and lower income tax payments.

Net cash used in investing activities for the six months ended June 30, 2013 was $54.6 million compared to $35.2 million for the same prior year period. Payments for acquisitions completed during the six months ended June 30, 2013 were $30.4 million compared to $1.9 million for the same prior year period. Payments of acquisition-related contingent consideration and stock price guarantees were $6.2 million and $3.9 million, respectively, for the six months ended June 30, 2013 as compared to $16.0 million and $3.6 million, respectively, for the same prior year period. Capital expenditures were $14.1 million for the six months ended June 30, 2013 as compared to $13.7 million for the same prior year period.

Net cash used in financing activities for the six months ended June 30, 2013 was $28.1 million as compared to $4.1 million for the same prior year period. Our financing activities for the six months ended June 30, 2013 included the purchase and retirement of 826,800 shares of our common stock at an aggregate cost of approximately $28.8 million.

Capital Resources

As of June 30, 2013, our capital resources included $92.6 million of cash and cash equivalents and available borrowing capacity of $348.6 million under our $350 million revolving line of credit under our senior secured bank credit facility (“bank credit facility”). As of June 30, 2013, we had no outstanding borrowings under our bank credit facility and $1.4 million of outstanding letters of credit, which reduced the availability of borrowings under the bank credit facility. We use letters of credit primarily in lieu of security deposits for our leased office facilities.

Future Capital Needs

We anticipate that our future capital needs will principally consist of funds required for:

• operating and general corporate expenses relating to the operation of our businesses;

• capital expenditures, primarily for information technology equipment, office furniture and leasehold improvements;

• debt service requirements, including interest payments on our long-term debt;

• compensating designated executive management and senior managing directors under our various long-term incentive compensation programs;

• discretionary funding of our 2012 Repurchase Program;

• contingent obligations related to our acquisitions;

• potential acquisitions of businesses that would allow us to diversify or expand our service offerings; and

• other known future contractual obligations.

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We currently anticipate aggregate capital expenditures will range between $42 million and $47 million to support our organization during 2013, including direct support for specific client engagements and funding for leasehold improvements related to a regional office consolidation. Our estimate takes into consideration the needs of our existing businesses but does not include the impact of any purchases that we make as a result of future acquisitions or specific client engagements that are not currently contemplated. Our capital expenditure requirements may change if our staffing levels or technology needs change significantly from what we currently anticipate, if we purchase additional equipment specifically to support a client engagement or if we pursue and complete additional acquisitions.

In certain business combinations consummated prior to January 1, 2009, a portion of our purchase price was in the form of contingent consideration, often referred to as earn-outs. The use of contingent consideration allows us to shift some of the valuation risk, inherent at the time of acquisitions, to the sellers based upon the outcome of future financial targets that the sellers contemplate in the valuations of the companies, assets or businesses they sell. Contingent consideration is payable annually as agreed upon performance targets are met and is generally subject to a maximum amount within a specified time period. Our obligations change from period-to-period primarily as a result of payments made during the current period, changes in the acquired entities’ performance and changes in foreign currency exchange rates. In addition, certain acquisition-related restricted stock agreements contain stock price guarantees that may result in cash payments in the future if our share price falls below a specified per share market value on the date the stock restrictions lapse. As of June 30, 2013, we had no accrued contingent consideration liabilities for business combinations consummated prior to January 1, 2009 and no remaining restricted stock agreements with stock price guarantees.

For business combinations consummated on or after January 1, 2009, contingent consideration obligations are recorded as liabilities on our condensed consolidated balance sheet and remeasured to fair value at each subsequent reporting date with an offset to current period earnings. The fair value of future expected contingent purchase price obligations for these business combinations are $13.3 million at June 30, 2013 with payment dates extending through 2018.

For the last several years, our cash flows from operations have exceeded our cash needs for capital expenditures and debt service requirements. We believe that our cash flows from operations, supplemented by short-term borrowings under our bank credit facility, as necessary, will provide adequate cash to fund our long-term cash needs from normal operations for at least the next twelve months.

Our conclusion that we will be able to fund our cash requirements by using existing capital resources and cash generated from operations does not take into account the impact of any future acquisition transactions or any unexpected significant changes in the number of employees. The anticipated cash needs of our businesses could change significantly if we pursue and complete additional business acquisitions, if our business plans change, if economic conditions change from those currently prevailing or from those now anticipated, or if other unexpected circumstances arise that have a material effect on the cash flow or profitability of our business. Any of these events or circumstances, including any new business opportunities, could involve significant additional funding needs in excess of the identified currently available sources and could require us to raise additional debt or equity funding to meet those needs. Our ability to raise additional capital, if necessary, is subject to a variety of factors that we cannot predict with certainty, including:

• our future profitability;

• the quality of our accounts receivable;

• our relative levels of debt and equity;

• the volatility and overall condition of the capital markets; and

• the market prices of our securities.

Any new debt funding, if available, may be on terms less favorable to us than our bank credit facility or the indentures that govern our senior notes. See “—Forward-Looking Statements” in this Quarterly Report on

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Form 10-Q and “Risk Factors” included in Part I – Item 1A of our Annual Report on Form 10-K for the year ended December 31, 2012 filed with the SEC on February 28, 2013 and our Current Report on Form 8-K dated May 21, 2013.

Off-Balance Sheet Arrangements

We have no off-balance sheet arrangements other than operating leases, and we have not entered into any transactions involving unconsolidated subsidiaries or special purpose entities.

Future Contractual Obligations

There have been no significant changes in our future contractual obligations since December 31, 2012.

Forward-Looking Statements

This Quarterly Report on Form 10-Q includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, or the Exchange Act, that involve uncertainties and risks. Forward-looking statements include statements concerning our plans, objectives, goals, strategies, future events, future revenues, future results and performance, future capital expenditures, expectations, plans or intentions relating to acquisitions and other matters, business trends and other information that is not historical. Forward-looking statements often contain words such as estimates, expects, anticipates, projects, plans, intends, believes, forecasts and variations of such words or similar expressions. All forward-looking statements, including, without limitation, management’s examination of historical operating trends, are based upon our historical performance and our current plans, estimates and expectations at the time we make them and various assumptions. There can be no assurance that management’s expectations, beliefs and projections will result or be achieved. Our actual financial results, performance or achievements could differ materially from those expressed in, or implied by, any forward-looking statements. The inclusion of any forward-looking information should not be regarded as a representation by us or any other person that the future plans, estimates or expectations contemplated by us will be achieved. Given these risks, uncertainties and other factors, you should not place undue reliance on any forward-looking statements.

There are a number of risks and uncertainties that could cause our actual results to differ materially from the forward-looking statements contained in, or implied by, this Quarterly Report on Form 10-Q. Important factors that could cause our actual results to differ materially from the forward-looking statements we make in this Quarterly Report on Form 10-Q are set forth under the heading “Risk Factors” included in Part I– Item 1A of our Annual Report on Form 10-K for the year ended December 31, 2012 filed with the SEC on February 28, 2013 and our Current Report on Form 8-K dated May 21, 2013. Important factors that could cause our actual results to differ materially from the forward-looking statements we make in this Quarterly Report on Form 10-Q include the following:

• changes in demand for our services;

• our ability to attract and retain qualified professionals and senior management;

• conflicts resulting in our inability to represent certain clients;

• our former employees joining or forming competing businesses;

• our ability to manage our professionals’ utilization and billing rates and maintain or increase the pricing of our services and products;

• our ability to make acquisitions and integrate the operations of acquisitions as well as the costs of integration;

• our ability to adapt to and manage the risks associated with operating in non-U.S. markets;

44

• our ability to replace key personnel, including senior managers and practice and regional leaders who have highly specialized skills and experience;

• our ability to identify suitable acquisition candidates, negotiate favorable terms and take advantage of opportunistic acquisition situations;

• our ability to protect the confidentiality of internal and client data and proprietary and confidential information;

• legislation or judicial rulings, including rulings regarding data privacy and the discovery process;

• periodic fluctuations in revenues, operating income and cash flows;

• damage to our reputation as a result of claims involving the quality of our services;

• fee discounting or renegotiation, lower pricing, less advantageous contract terms and unexpected terminations of client engagements;

• competition;

• general economic factors, industry trends, restructuring and bankruptcy rates, legal or regulatory requirements, capital market conditions, merger and acquisition activity, major litigation activity and other events outside of our control;

• our ability to manage growth;

• risk of non-payment of receivables;

• the amount and terms of our outstanding indebtedness;

• changes in accounting principles;

• risks relating to the obsolescence of, changes to, or the protection of, our proprietary software products and intellectual property rights; and

• fluctuations in the mix of our services and the geographic locations in which our clients are located or our services are rendered.

There may be other factors that may cause our actual results to differ materially from our forward-looking statements. All forward-looking statements attributable to us or persons acting on our behalf apply only as of the date of this Quarterly Report on Form 10-Q and are expressly qualified in their entirety by the cautionary statements included herein. We undertake no obligation to publicly update or revise any forward-looking statements to reflect subsequent events or circumstances and do not intend to do so.

Item 3. Quantitative and Qualitative Disclosures About Market Risk

For information regarding our exposure to certain market risks see “Item 7A. Quantitative and Qualitative Disclosures about Market Risk,” in our Annual Report on Form 10-K for the year ended December 31, 2012 filed with the SEC on February 28, 2013 and our Current Report on Form 8-K dated May 21, 2013. There have been no significant changes in our market risk exposure during the period covered by this Quarterly Report on Form 10-Q.

Item 4. Controls and Procedures

Evaluation of Disclosure Controls and Procedures. An evaluation of the effectiveness of the design and operation of our “disclosure controls and procedures” (as defined in Rule 13a-15(e) under the Exchange Act), as of the end of the period covered by this Quarterly Report on Form 10-Q was made under the supervision and with the participation of our management, including our Chief Executive Officer and Chief Financial Officer. Based upon this evaluation, our Chief Executive Officer and Chief Financial Officer have concluded that our

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disclosure controls and procedures (a) were effective to ensure that information required to be disclosed by us in reports filed or submitted under the Exchange Act is timely recorded, processed, summarized and reported and (b) included, without limitation, controls and procedures designed to ensure that information required to be disclosed by us in reports filed or submitted under the Exchange Act is accumulated and communicated to our management, including our Chief Executive Officer and Chief Financial Officer, as appropriate to allow timely decisions regarding required disclosure.

Changes in Internal Control over Financial Reporting. There have not been any changes in our internal control over financial reporting that occurred during the quarter ended June 30, 2013 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

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PART II—OTHER INFORMATION

Item 1. Legal Proceedings

From time to time in the ordinary course of business, we are subject to claims, asserted or unasserted, or named as a party to lawsuits or investigations. Litigation, in general, and intellectual property and securities litigation in particular, can be expensive and disruptive to normal business operations. Moreover, the results of legal proceedings cannot be predicted with any certainty and in the case of more complex legal proceedings such as intellectual property and securities litigation, the results are difficult to predict at all. We are not aware of any asserted or unasserted legal proceedings or claims that we believe would have a material adverse effect on our financial condition or results of our operations.

Item 1A. Risk Factors

There have been no material changes in any risk factors previously disclosed in our Annual Report on Form 10-K for the year ended December 31, 2012, filed with the SEC on February 28, 2013 and our Current Report on Form 8-K dated May 21, 2013. We may disclose changes to risk factors or disclose additional factors from time to time in our future filings with the SEC. Additional risks and uncertainties not presently known to us or that we currently deem immaterial also may impair our business operations.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.

Unregistered sales of equity securities.

Effective April 3, 2013 (U.S. Time), FTI Consulting, Inc. issued an aggregate of 80,892 shares of common stock in payment of $2,887,500 (Australian Dollars), representing a portion of the purchase price for the closing on April 4, 2013 (Australia Time) of the acquisition of substantially all of the assets used in the business of Taylor Woodings Partnership from the individual partners thereof, Taylor Woodings Corporate Services PTY LTD as trustee for the Taylor Woodings Corporate Services Trust, and Taylor Woodings Nominees TPY LTD as trustee for the Taylor Woodings Services Trust. Based on the formula in the Purchase Agreement dated as of April 4, 2013, the $2,887,500 (Australian Dollars) was converted to $3,011,604.70 U.S. Dollars by applying an exchange rate of approximately $1.04298 (Australian Dollars) for $1.00 (U.S. Dollar) (the average exchange rates for the five consecutive trading days ended March 27, 2013). The number of shares issued was determined by dividing (a) $3,011,604.70 (U.S. Dollars) by (b) $37.23 per share (the average closing price per share of common stock of FTI Consulting, Inc. as reported on the New York Stock Exchange for the five consecutive trading days ended March 27, 2013). The 80,892 shares of common stock were offered, sold and issued without registration in a private placement in reliance on the exemption from registration under Regulation S promulgated by the SEC under the Securities Act, in offshore transactions. FTI Consulting, Inc. did not engage in general solicitation, advertising and directed selling efforts in connection with the offering of these shares of common stock.

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Repurchases of our common stock. The following table provides information with respect to purchases we made of our common stock during the second quarter ended June 30, 2013 (in thousands, except per share amounts).

	Total Number of Shares Purchased			Average Price Paid  per Share		Shares Purchased as Part of Publicly Announced Program		Approximate Dollar Value that May Yet Be Purchased Under the Program(4)
April 1 through April 30, 2013		5	(1)	$	34.73		—	$	171,210
May 1 through May 31, 2013		6	(2)	$	33.25		—	$	171,210
June 1 through June 30, 2013		6	(3)	$	37.24		—	$	171,210
Total		17					—

⁽¹⁾  Represents 4,535 shares of common stock withheld to cover payroll tax withholdings related to the lapse of restrictions on restricted stock.

⁽²⁾  Represents 6,383 shares of common stock withheld to cover payroll tax withholdings related to the lapse of restrictions on restricted stock.

⁽³⁾  Represents 5,675 shares of common stock withheld to cover payroll tax withholdings related to the lapse of restrictions on restricted stock.

⁽⁴⁾  In June 2012, our Board of Directors authorized a two-year stock repurchase program of up to $250.0 million. At June 30, 2013, a balance of approximately $171.2 million remained available under the 2012 Repurchase Program.

Item 3. Defaults Upon Senior Securities.

None

Item 4. Mine Safety Disclosures.

Not applicable

Item 5. Other Information.

None

Item 6. Exhibits

(a) Exhibits.

Exhibit Number	Exhibit Description
3.1	Articles of Incorporation of FTI Consulting, Inc., as amended and restated. (Filed with the SEC on May 23, 2003 as an exhibit to FTI Consulting, Inc.’s Current Report on Form 8-K dated May 21, 2003 and incorporated herein by reference.)
3.2	Articles of Amendment of FTI Consulting, Inc. (Filed with the SEC on June 2, 2011 as an exhibit to FTI Consulting, Inc.’s Current Report on Form 8-K dated June 1, 2011 and incorporated herein by reference.)
3.3	Bylaws of FTI Consulting, Inc., as amended and restated on June 1, 2011. (Filed with the SEC on June 2, 2011 as an exhibit to FTI Consulting, Inc.’s Current Report on Form 8-K dated June 1, 2011 and incorporated herein by reference.)

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Exhibit Number	Exhibit Description
4.1	Second Supplemental Indenture relating to the 6 3/4% Senior Notes due 2020, dated as of May 15, 2013, by and among FTI Consulting, Inc., FTI Consulting (Government Affairs) LLC, FTI Consulting Realty LLC and Wilmington Trust Company, as trustee. (Filed with the SEC on May 22, 2013 as an exhibit to FTI Consulting, Inc.’s Registration Statement on Form S-4 (Registration No. 333-188762) and incorporated herein by reference.)
4.2	First Supplemental Indenture relating to the 6.0% Senior Notes due 2022, dated as of May 15, 2013, by and among FTI Consulting, Inc., FTI Consulting (Government Affairs) LLC, FTI Consulting Realty LLC and U.S. Bank National Association, as trustee. (Filed with the SEC on May 22, 2013 as an exhibit to FTI Consulting, Inc.’s Registration Statement on Form S-4 (Registration No. 333-188762) and incorporated herein by reference.)
31.1†	Certification of Principal Executive Officer pursuant to Rule 13a-14(a) and 15d-14(a) under the Securities Exchange Act of 1934, as amended (Section 302 of the Sarbanes-Oxley Act of 2002).
31.2†	Certification of Principal Financial Officer pursuant to Rule 13a-14(a) and 15d-14(a) under the Securities Exchange Act of 1934, as amended (Section 302 of the Sarbanes-Oxley Act of 2002).
32.1†	Certification of Principal Executive Officer pursuant to 18 U.S.C. Section 1350 (Section 906 of the Sarbanes-Oxley Act of 2002).
32.2†	Certification of Principal Financial Officer pursuant to 18 U.S.C. Section 1350 (Section 906 of the Sarbanes-Oxley Act of 2002).
101	The following financial information from the Quarterly Report on Form 10-Q of FTI Consulting, Inc. for the quarter ended June 30, 2013, furnished electronically herewith, and formatted in XBRL (Extensible Business Reporting Language): (i) Condensed Consolidated Balance Sheets; (ii) Condensed Consolidated Statements of Comprehensive Income (Loss); (iii) Condensed Consolidated Statement of Stockholders’ Equity; (iv) Condensed Consolidated Statements of Cash Flows; and (v) Notes to the Condensed Consolidated Financial Statements.

† Filed herewith.

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SIGNATURES

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 thereunto duly authorized.

Date: August 8, 2013

FTI CONSULTING, INC.
By	/s/ Catherine M. Freeman
	Catherine M. Freeman
	Senior Vice President, Controller and Chief Accounting Officer
	(principal accounting officer)

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EX-31.1

Exhibit 31.1

Certification of Principal Executive Officer

Pursuant to Rule 13a-14(a) and 15d-14(a)

(Section 302 of the Sarbanes-Oxley Act of 2002)

I, Jack B. Dunn, IV, certify that:

1. I have reviewed this Quarterly Report on Form 10-Q of FTI Consulting, Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of registrant’s board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: August 8, 2013

By:	/s/ Jack B. Dunn, IV
	Jack B. Dunn, IV
	President and Chief Executive Officer
	(principal executive officer)

EX-31.2

Exhibit 31.2

Certification of Principal Financial Officer

Pursuant to Rule 13a-14(a) and 15d-14(a)

(Section 302 of the Sarbanes-Oxley Act of 2002)

I, Roger D. Carlile, certify that:

1. I have reviewed this Quarterly Report on Form 10-Q of FTI Consulting, Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of registrant’s board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: August 8, 2013

By:	/s/ Roger D. Carlile
	Roger D. Carlile
	Executive Vice President and Chief Financial Officer
	(principal financial officer)

EX-32.1

Exhibit 32.1

Certification of Principal Executive Officer

Pursuant to 18 U.S.C. Section 1350

(Section 906 of the Sarbanes-Oxley Act of 2002)

In connection with the Quarterly Report of FTI Consulting, Inc. (the “Company”) on Form 10-Q for the quarter ended June 30, 2013, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Jack B. Dunn, IV, President and Chief Executive Officer (principal executive officer) of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that to the best of my knowledge:

1. the Report fully complies with the requirements of Section 13(a) or Section 15(d) of the Securities Exchange Act of 1934; and

2. the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Date: August 8, 2013

By:	/s/ Jack B. Dunn, IV
	Jack B. Dunn, IV
	President and Chief Executive Officer
	(principal executive officer)

A signed original of this written statement required by Section 906 has been provided to the Company and will be retained by the Company and furnished to the Securities and Exchange Commission or its staff upon request.

EX-32.2

Exhibit 32.2

Certification of Principal Financial Officer

Pursuant to 18 U.S.C. Section 1350

(Section 906 of the Sarbanes-Oxley Act of 2002)

In connection with the Quarterly Report of FTI Consulting, Inc. (the “Company”) on Form 10-Q for the quarter ended June 30, 2013, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Roger D. Carlile, Executive Vice President and Chief Financial Officer (principal financial officer) of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that to the best of my knowledge:

1. the Report fully complies with the requirements of Section 13(a) or Section 15(d) of the Securities Exchange Act of 1934; and

2. the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Date: August 8, 2013

By:	/s/ Roger D. Carlile
	Roger D. Carlile
	Executive Vice President and Chief Financial Officer
	(principal financial officer)

A signed original of this written statement required by Section 906 has been provided to the Company and will be retained by the Company and furnished to the Securities and Exchange Commission or its staff upon request.

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Goodwill and Other Intangible Assets

6 Months Ended

Jun. 30, 2013

Goodwill and Other Intangible Assets

9. Goodwill and Other Intangible Assets

The changes in the carrying amounts of goodwill by operating segment for the six months ended June 30, 2013, are as follows:

	Corporate Finance/ Restructuring			Forensic and Litigation Consulting			Economic Consulting			Technology			Strategic Communications			Total
Balances at December 31, 2012	$	469,050		$	198,957		$	247,718		$	118,035		$	226,275		$	1,260,035
Acquisitions(1)		12,393			1,050			1,925			—			5,220			20,588
Foreign currency translation adjustment		(4,833	)		(2,059	)		(506	)		(105	)		(9,954	)		(17,457	)
Intersegment transfers in/(out)(2)		(31,471	)		31,471			—			—			—			—
Balances at June 30, 2013	$	445,139		$	229,419		$	249,137		$	117,930		$	221,541		$	1,263,166

⁽¹⁾  Includes adjustments during the purchase price allocation period.

⁽²⁾  Includes the reclassification of the Corporate Finance/Restructuring segment’s healthcare and life sciences practices into the Forensic and Litigation Consulting segment. See Note 15 “Segment Reporting” for information on this segment reclassification.

Other intangible assets with finite lives are amortized over their estimated useful lives. For intangible assets with finite lives, we recorded amortization expense of $6.0 million and $11.5 million for the three and six months ended June 30, 2013, respectively and $5.7 million and $11.2 million for the three and six months ended June 30, 2012, respectively. Based solely on the amortizable intangible assets recorded as of June 30, 2013, we estimate amortization expense to be $10.8 million during the remainder of 2013, $13.2 million in 2014, $12.2 million in 2015, $10.7 million in 2016, $9.9 million in 2017, $8.6 million in 2018, and $30.7 million in years after 2018. Actual amortization expense to be reported in future periods could differ from these estimates as a result of new intangible asset acquisitions, finalization of asset valuations for newly acquired assets, changes in useful lives, and changes in value due to foreign currency translation or other factors.

	Useful Life in Years	June 30, 2013				December 31, 2012
		Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Finite lived intangible assets
Customer relationships	1 to 15	$	155,023	$	65,093	$	151,990	$	64,095
Non-competition agreements	1 to 10		10,979		8,527		15,184		11,158
Software	3 to 10		33,948		30,518		33,979		27,424
Tradenames	1 to 2		450		187		180		75
			200,400		104,325		201,333		102,752
Indefinite-lived intangible assets
Tradenames	Indefinite		5,600		—		5,600		—
		$	206,000	$	104,325	$	206,933	$	102,752

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Income Taxes - Additional Information (Detail) (USD $) In Millions, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012	Dec. 31, 2012
Income Taxes [Line Items]
Valuation allowances	$ 9.4		$ 9.4		$ 1.9
Undistributed non-U.S. subsidiary earnings	15.7		15.7
Unrecognized deferred U.S. income tax liability associated with the indefinitely reinvested undistributed earnings	5.5		5.5
Liability for uncertain tax positions	2.3		2.3		3.8
Reversal of liability for uncertain tax positions			2.2
Effective tax rate	34.60%	34.60%	35.60%	35.00%
Discrete Tax Adjustments
Income Taxes [Line Items]
Discrete adjustment to income tax provision	$ 6.9		$ 4.6
Effective tax rate	49.80%	31.30%	41.30%	35.00%

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Condensed Consolidated Statements of Comprehensive Income (Loss) (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Revenues	$ 414,613	$ 396,243	$ 821,791	$ 791,471
Operating expenses
Direct cost of revenues	259,528	248,220	518,008	493,838
Selling, general and administrative expense	96,325	92,460	192,972	195,049
Special charges		26,782	427	26,782
Acquisition-related contingent consideration	(7,452)	(3,541)	(6,721)	(2,984)
Amortization of other intangible assets	5,953	5,490	11,517	11,007
Costs and Expenses, Total	354,354	369,411	716,203	723,692
Operating income	60,259	26,832	105,588	67,779
Other income (expense)
Interest income and other	(387)	(363)	550	2,919
Interest expense	(13,071)	(15,195)	(25,786)	(30,399)
Other (expense) income	(13,458)	(15,558)	(25,236)	(27,480)
Income before income tax provision	46,801	11,274	80,352	40,299
Income tax provision	23,315	3,527	33,186	14,121
Net income	23,486	7,747	47,166	26,178
Earnings per common share-basic	$ 0.60	$ 0.19	$ 1.20	$ 0.65
Earnings per common share-diluted	$ 0.58	$ 0.18	$ 1.17	$ 0.61
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments, net of tax $0	(11,714)	(10,960)	(27,223)	1,889
Other comprehensive income (loss), net of tax	(11,714)	(10,960)	(27,223)	1,889
Comprehensive income (loss)	$ 11,772	$ (3,213)	$ 19,943	$ 28,067

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Earnings Per Common Share

6 Months Ended

Jun. 30, 2013

Earnings Per Common Share

2. Earnings Per Common Share

Basic earnings per common share are calculated by dividing net income by the weighted average number of common shares outstanding during the period. Diluted earnings per common share adjust basic earnings per share for the effects of potentially dilutive common shares. Potentially dilutive common shares include the dilutive effects of shares issuable under our equity compensation plans, including stock options and restricted stock, and, for the three and six months ended June 30, 2012, shares issuable upon the potential conversion of our 3³/₄% senior subordinated convertible notes due on July 15, 2012 (“Convertible Notes”), each using the treasury stock method. In addition, the conversion feature of our Convertible Notes had a dilutive effect on our earnings per share for the three and six months ended June 30, 2012, assuming the conversion premium was converted into common stock based on the average closing price per share of our stock during those periods, because the average closing price per share of our common stock for such periods was above the conversion price of the Convertible Notes of $31.25 per share.

	Three Months Ended June 30,				Six Months Ended June 30,
	2013		2012		2013		2012
Numerator—basic and diluted
Net income	$	23,486	$	7,747	$	47,166	$	26,178
Denominator
Weighted average number of common shares outstanding—basic		39,143		40,592		39,272		40,475
Effect of dilutive stock options		589		646		592		804
Effect of dilutive convertible notes		—		229		—		737
Effect of dilutive restricted shares		561		607		592		656
Weighted average number of common shares outstanding—diluted		40,293		42,074		40,456		42,672
Earnings per common share—basic	$	0.60	$	0.19	$	1.20	$	0.65
Earnings per common share—diluted	$	0.58	$	0.18	$	1.17	$	0.61
Antidilutive stock options and restricted shares		3,593		3,530		3,541		2,806

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Supplemental Condensed Consolidating Guarantor and Non-Guarantor Financial Information

6 Months Ended

Jun. 30, 2013

Supplemental Condensed Consolidating Guarantor and Non-Guarantor Financial Information

16. Supplemental Condensed Consolidating Guarantor and Non-Guarantor Financial Information

Substantially all of our domestic subsidiaries are guarantors of borrowings under our senior bank credit facility and 2020 Senior Notes and 2022 Senior Notes (collectively, the “Senior Notes”). The guarantees are full and unconditional and joint and several. All of the guarantors are 100%-owned, direct or indirect, subsidiaries. The following financial information presents condensed consolidating balance sheets, statements of comprehensive income (loss) and statements of cash flows for FTI Consulting, all the guarantor subsidiaries, all the non-guarantor subsidiaries and the eliminations necessary to arrive at the consolidated information for FTI Consulting and its subsidiaries. For purposes of this presentation, we have accounted for our investments in our subsidiaries using the equity method of accounting. The principal eliminating entries eliminate investment in subsidiary and intercompany balances and transactions.

Condensed Consolidating Balance Sheet Information as of June 30, 2013

	FTI Consulting, Inc.		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Consolidated
Assets
Cash and cash equivalents	$	19,671	$	308	$	72,575	$	—		$	92,554
Accounts receivable, net		149,013		186,230		144,789		—		$	480,032
Intercompany receivables		—		729,235		—		(729,235	)	$	—
Other current assets		52,287		19,289		20,615		—		$	92,191
Total current assets		220,971		935,062		237,979		(729,235	)		664,777
Property and equipment, net		33,641		18,683		13,283		—		$	65,607
Goodwill		559,519		425,864		277,783		—		$	1,263,166
Other intangible assets, net		35,754		23,797		72,129		(30,005	)	$	101,675
Investments in subsidiaries		1,768,811		511,827		—		(2,280,638	)	$	—
Other assets		96,327		62,491		27,766		(10,928	)	$	175,656
Total assets	$	2,715,023	$	1,977,724	$	628,940	$	(3,050,806	)	$	2,270,881
Liabilities
Intercompany payables	$	648,931	$	67,108	$	13,196	$	(729,235	)	$	—
Other current liabilities		90,049		85,967		85,762		—		$	261,778
Total current liabilities		738,980		153,075		98,958		(729,235	)		261,778
Long-term debt, net		700,000		17,000		—		—		$	717,000
Other liabilities		196,476		20,690		6,298		(10,928	)	$	212,536
Total liabilities		1,635,456		190,765		105,256		(740,163	)		1,191,314
Stockholders’ equity		1,079,567		1,786,959		523,684		(2,310,643	)	$	1,079,567
Total liabilities and stockholders’ equity	$	2,715,023	$	1,977,724	$	628,940	$	(3,050,806	)	$	2,270,881

Condensed Consolidating Balance Sheet Information as of December 31, 2012

	FTI Consulting, Inc.		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Consolidated
Assets
Cash and cash equivalents	$	66,663	$	610	$	89,512	$	—		$	156,785
Restricted cash		—		—		1,190		—			1,190
Accounts receivable, net		140,254		149,253		139,733		—			429,240
Intercompany receivables		7,053		674,136		23,185		(704,374	)		—
Other current assets		46,978		20,469		19,713		—			87,160
Total current assets		260,948		844,468		273,333		(704,374	)		674,375
Property and equipment, net		37,411		16,477		14,304		—			68,192
Goodwill		558,473		418,789		282,773		—			1,260,035
Other intangible assets, net		36,826		23,975		74,967		(31,587	)		104,181
Investments in subsidiaries		1,631,243		502,954		—		(2,134,197	)		—
Other assets		85,109		66,170		28,318		(10,928	)		168,669
Total assets	$	2,610,010	$	1,872,833	$	673,695	$	(2,881,086	)	$	2,275,452
Liabilities
Intercompany payables	$	549,339	$	112,137	$	42,898	$	(704,374	)	$	—
Other current liabilities		118,865		79,533		105,799		—			304,197
Total current liabilities		668,204		191,670		148,697		(704,374	)		304,197
Long-term debt, net		700,024		17,000		—		—			717,024
Other liabilities		173,550		10,479		12,898		(10,928	)		185,999
Total liabilities		1,541,778		219,149		161,595		(715,302	)		1,207,220
Stockholders’ equity		1,068,232		1,653,684		512,100		(2,165,784	)		1,068,232
Total liabilities and stockholders’ equity	$	2,610,010	$	1,872,833	$	673,695	$	(2,881,086	)	$	2,275,452

Condensed Consolidating Statement of Comprehensive Income for the Three Months Ended June 30, 2013

	FTI Consulting, Inc.			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations			Consolidated
Revenues	$	144,390		$	254,394	$	113,565		$	(97,736	)	$	414,613
Operating expenses
Direct cost of revenues		92,781			192,526		70,725			(96,504	)		259,528
Selling, general and administrative expense		38,575			28,614		30,367			(1,231	)		96,325
Acquisition-related contingent consideration		92			195		(7,739	)		—			(7,452	)
Amortization of other intangible assets		1,095			2,501		3,146			(789	)		5,953
Operating income		11,847			30,558		17,066			788			60,259
Other (expense) income		(16,773	)		202		3,113			—			(13,458	)
Income (loss) before income tax provision		(4,926	)		30,760		20,179			788			46,801
Income tax (benefit) provision		(4,290	)		24,090		3,515			—			23,315
Equity in net earnings of subsidiaries		24,122			15,679		—			(39,801	)		—
Net income		23,486			22,349		16,664			(39,013	)		23,486
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments, net of tax $0		—			—		(11,714	)		—			(11,714	)
Other comprehensive income (loss), net of tax		—			—		(11,714	)		—			(11,714	)
Comprehensive income	$	23,486		$	22,349	$	4,950		$	(39,013	)	$	11,772

Condensed Consolidating Statement of Comprehensive Income (Loss) for the Three Months Ended June 30, 2012

	FTI Consulting, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Revenues	$	151,442		$	241,033		$	101,451		$	(97,683	)	$	396,243
Operating expenses
Direct cost of revenues		96,450			180,788			66,080			(95,098	)		248,220
Selling, general and administrative expense		39,041			28,507			27,497			(2,585	)		92,460
Special Charges		16,731			4,287			5,764						26,782
Acquisition-related contingent consideration		—			—			(3,541	)		—			(3,541	)
Amortization of other intangible assets		1,297			2,473			2,541			(821	)		5,490
Operating income		(2,077	)		24,978			3,110			821			26,832
Other (expense) income		(17,469	)		(195	)		2,106			—			(15,558	)
Income (loss) before income tax provision		(19,546	)		24,783			5,216			821			11,274
Income tax (benefit) provision		(9,666	)		12,910			283			—			3,527
Equity in net earnings of subsidiaries		17,627			5,741			—			(23,368	)		—
Net income		7,747			17,614			4,933			(22,547	)		7,747
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments, net of tax $0		—			—			(10,960	)		—			(10,960	)
Other comprehensive income (loss), net of tax		—			—			(10,960	)		—			(10,960	)
Comprehensive income (loss)	$	7,747		$	17,614		$	(6,027	)	$	(22,547	)	$	(3,213	)

Condensed Consolidating Statement of Comprehensive Income for the Six Months Ended June 30, 2013

	FTI Consulting, Inc.			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations			Consolidated
Revenues	$	295,350		$	501,055	$	221,561		$	(196,175	)	$	821,791
Operating expenses
Direct cost of revenues		193,618			379,873		138,698			(194,181	)		518,008
Selling, general and administrative expense		81,471			56,590		56,905			(1,994	)		192,972
Special charges		323			104		—			—			427
Acquisition-related contingent consideration		179			195		(7,095	)		—			(6,721	)
Amortization of other intangible assets		2,322			4,948		5,829			(1,582	)		11,517
Operating income		17,437			59,345		27,224			1,582			105,588
Other (expense) income		(31,713	)		531		5,946			—			(25,236	)
Income (loss) before income tax provision		(14,276	)		59,876		33,170			1,582			80,352
Income tax (benefit) provision		(7,221	)		34,062		6,345			—			33,186
Equity in net earnings of subsidiaries		54,221			24,114		—			(78,335	)		—
Net income		47,166			49,928		26,825			(76,753	)		47,166
Other comprehensive income, net of tax:
Foreign currency translation adjustments, net of tax $0		—			—		(27,223	)		—			(27,223	)
Other comprehensive income, net of tax		—			—		(27,223	)		—			(27,223	)
Comprehensive income	$	47,166		$	49,928	$	(398	)	$	(76,753	)	$	19,943

Condensed Consolidating Statement of Comprehensive Income for the Six Months Ended June 30, 2012

	FTI Consulting, Inc.			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations			Consolidated
Revenues	$	305,023		$	482,749	$	203,509		$	(199,810	)	$	791,471
Operating expenses
Direct cost of revenues		197,625			362,737		128,999			(195,523	)		493,838
Selling, general and administrative expense		86,435			57,559		55,342			(4,287	)		195,049
Special charges		16,731			4,287		5,764			—			26,782
Acquisition-related contingent consideration		—			—		(2,984	)		—			(2,984	)
Amortization of other intangible assets		2,600			4,950		5,097			(1,640	)		11,007
Operating income		1,632			53,216		11,291			1,640			67,779
Other (expense) income		(30,456	)		35,987		1,874			(34,885	)		(27,480	)
Income (loss) before income tax provision		(28,824	)		89,203		13,165			(33,245	)		40,299
Income tax (benefit) provision		(28,380	)		40,724		1,777			—			14,121
Equity in net earnings of subsidiaries		26,622			13,383		—			(40,005	)		—
Net income		26,178			61,862		11,388			(73,250	)		26,178
Other comprehensive income, net of tax:
Foreign currency translation adjustments, net of tax $0		—			—		1,889			—			1,889
Other comprehensive income, net of tax		—			—		1,889			—			1,889
Comprehensive income	$	26,178		$	61,862	$	13,277		$	(73,250	)	$	28,067

Condensed Consolidating Statement of Cash Flow for the Six Months Ended June 30, 2013

	FTI Consulting, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidated
Operating activities
Net cash (used in) provided by operating activities	$	(59,591	)	$	50,836		$	28,124		$	19,369
Investing activities
Payments for acquisition of businesses, net of cash received		(11,601	)		(7,157	)		(21,754	)		(40,512	)
Purchases of property and equipment		(1,505	)		(10,386	)		(2,239	)		(14,130	)
Other		21			—			—			21
Net cash used in investing activities		(13,085	)		(17,543	)		(23,993	)		(54,621	)
Financing activities
Issuance of common stock and other		1,083			—			(645	)		438
Purchase and retirement of common stock		(28,758	)		—			—			(28,758	)
Excess tax benefits from share-based compensation		191			—			—			191
Intercompany transfers		53,168			(33,595	)		(19,573	)		—
Net cash provided by (used in) financing activities		25,684			(33,595	)		(20,218	)		(28,129	)
Effect of exchange rate changes on cash and cash equivalents		—			—			(850	)		(850	)
Net decrease in cash and cash equivalents		(46,992	)		(302	)		(16,937	)		(64,231	)
Cash and cash equivalents, beginning of period		66,663			610			89,512			156,785
Cash and cash equivalents, end of period	$	19,671		$	308		$	72,575		$	92,554

Condensed Consolidating Statement of Cash Flow for the Six Months Ended June 30, 2012

	FTI Consulting, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidated
Operating activities
Net cash (used in) provided by operating activities	$	(70,726	)	$	336		$	13,102		$	(57,288	)
Investing activities
Payments for acquisition of businesses, net of cash received		(21,186	)		—			(364	)		(21,550	)
Purchases of property and equipment		(3,384	)		(8,350	)		(1,994	)		(13,728	)
Other		93			—			—			93
Net cash used in investing activities		(24,477	)		(8,350	)		(2,358	)		(35,185	)
Financing activities
Payments of long-term debt and capital lease obligations		(1,929	)		(45	)		—			(1,974	)
Net issuance of common stock and other		(948	)		—			(1,287	)		(2,235	)
Excess tax benefits from share-based compensation		71			—			—			71
Intercompany transfers		8,906			7,955			(16,861	)		—
Net cash provided by (used in) financing activities		6,100			7,910			(18,148	)		(4,138	)
Effect of exchange rate changes on cash and cash equivalents		—			—			(1,831	)		(1,831	)
Net decrease in cash and cash equivalents		(89,103	)		(104	)		(9,235	)		(98,442	)
Cash and cash equivalents, beginning of period		161,180			197			103,046			264,423
Cash and cash equivalents, end of period	$	72,077		$	93		$	93,811		$	165,981

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Revenues and Adjusted Segment Earnings before Interest, Taxes, Depreciation and Amortization for Reportable Segments (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended				6 Months Ended
	Jun. 30, 2013		Jun. 30, 2012		Jun. 30, 2013		Jun. 30, 2012
Segment Reporting Information [Line Items]
Revenues	$ 414,613		$ 396,243		$ 821,791		$ 791,471
Adjusted Segment EBITDA	87,726	[1]	83,148	[1]	163,086	[1]	158,157	[1]
Corporate Finance / Restructuring
Segment Reporting Information [Line Items]
Revenues	96,714		96,187		195,794		193,061
Adjusted Segment EBITDA	24,123		27,296		43,208		51,468
Forensic and Litigation Consulting
Segment Reporting Information [Line Items]
Revenues	105,120		106,256		205,844		209,891
Adjusted Segment EBITDA	20,693		19,542		33,504		34,211
Economic Consulting
Segment Reporting Information [Line Items]
Revenues	111,014		99,455		226,208		199,507
Adjusted Segment EBITDA	20,803		18,491		46,997		36,915
Technology
Segment Reporting Information [Line Items]
Revenues	51,196		47,697		97,900		97,357
Adjusted Segment EBITDA	16,888		12,849		30,604		26,064
Strategic Communications
Segment Reporting Information [Line Items]
Revenues	50,569		46,648		96,045		91,655
Adjusted Segment EBITDA	$ 5,219		$ 4,970		$ 8,773		$ 9,499

[1] Total Adjusted Segment EBITDA is the total of Adjusted Segment EBITDA for all segments.

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Long-term Debt and Capital Lease Obligations

6 Months Ended

Jun. 30, 2013

Long-term Debt and Capital Lease Obligations

10. Long-term Debt and Capital Lease Obligations

The components of long-term debt and capital lease obligations are presented in the table below:

	June 30, 2013		December 31, 2012
6 3/4% senior notes due 2020	$	400,000	$	400,000
6.0% senior notes due 2022		300,000		300,000
Notes payable to former shareholders of acquired businesses		23,000		23,000
Total debt		723,000		723,000
Less current portion		6,000		6,000
Long-term debt, net of current portion		717,000		717,000
Total capital lease obligations		—		45
Less current portion		—		21
Capital lease obligations, net of current portion		—		24
Long-term debt and capital lease obligations, net of current portion	$	717,000	$	717,024

6.0% Senior Notes Due 2022

On November 27, 2012, we completed the private offering of $300.0 million aggregate principal amount of our 2022 Notes. The 2022 Notes were issued at a price of 100% of their principal amount. The 2022 Notes and related guarantees were offered only to qualified institutional buyers in reliance on the exemption from registration set forth in Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and outside the United States (“U.S.”) to non-U.S. persons in reliance on the exemption from registration set forth in Regulation S under the Securities Act. On May 22, 2013, the Company filed a Registration Statement on Form S-4 with the SEC to register the exchange offer of the 2022 Notes for publicly registered senior notes with identical terms, which was declared effective on June 27, 2013. The Company completed the exchange offer of all outstanding 2022 Notes for publically registered notes on July 26, 2013.

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Components of Long-Term Debt and Capital Lease Obligations (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2013	Dec. 31, 2012
Long-Term Debt And Capital Lease Obligations [Line Items]
Notes payable to former shareholders of acquired businesses	$ 23,000	$ 23,000
Total debt	723,000	723,000
Less current portion	6,000	6,000
Long-term debt, net of current portion	717,000	717,000
Total capital lease obligations		45
Less current portion		21
Capital lease obligations, net of current portion		24
Long-term debt and capital lease obligations, net of current portion	717,000	717,024
6 3/4 % Senior Notes Due 2020
Long-Term Debt And Capital Lease Obligations [Line Items]
Senior notes	400,000	400,000
6.0% Senior Notes Due 2022
Long-Term Debt And Capital Lease Obligations [Line Items]
Senior notes	$ 300,000	$ 300,000

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Reconciliation of Adjusted Segment Earnings before Interest, Taxes, Depreciation and Amortization (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended				6 Months Ended
	Jun. 30, 2013		Jun. 30, 2012		Jun. 30, 2013		Jun. 30, 2012
Segment Reporting Information [Line Items]
Total Adjusted Segment EBITDA	$ 87,726	[1]	$ 83,148	[1]	$ 163,086	[1]	$ 158,157	[1]
Segment depreciation expense	(6,944)		(6,335)		(13,820)		(12,608)
Amortization of other intangible assets	(5,953)		(5,490)		(11,517)		(11,007)
Special Charges			(26,782)		(427)		(26,782)
Unallocated corporate expenses, excluding special charges	(14,570)		(17,709)		(31,734)		(39,981)
Interest income and other	(387)		(363)		550		2,919
Interest expense	(13,071)		(15,195)		(25,786)		(30,399)
Income before income tax provision	$ 46,801		$ 11,274		$ 80,352		$ 40,299

[1] Total Adjusted Segment EBITDA is the total of Adjusted Segment EBITDA for all segments.

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Provision for Doubtful Accounts - Additional Information (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Provisions for Doubtful Accounts [Line Items]
Provision for doubtful accounts	$ 3,400	$ 2,500	$ 7,478	$ 7,027

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Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2013

Schedule of Change in Acquisition-Related Contingent Consideration Liability

The following table represents the changes in the acquisition-related contingent consideration liability during the three and six months ended June 30, 2013 and 2012:

	Three Months Ended June 30,						Six Months Ended June 30,
	2013			2012			2013			2012
Beginning balance	$	16,296		$	15,276		$	16,426		$	14,990
Acquisition(1)		5,377			—			4,528			—
Adjustments to fair value recorded in earnings(2)		(7,452	)		(3,541	)		(6,721	)		(2,984	)
Payments		(235	)		(917	)		(235	)		(1,287	)
Elimination of contingency(3)		—			(2,534	)		—			(2,534	)
Unrealized gains (losses) related to currency translation in other comprehensive income		(701	)		(47	)		(713	)		52
Ending balance	$	13,285		$	8,237		$	13,285		$	8,237

⁽¹⁾  Includes adjustments during the purchase price allocation period.

⁽²⁾ Includes adjustments to fair value related to accretion and remeasurement of contingent consideration which are recorded in “Acquisition-related contingent consideration” on the Condensed Consolidated Statements of Comprehensive Income (Loss).

⁽³⁾ During the three months ended June 30, 2012, we fixed an acquisition-related contingent consideration liability in the amount of $2.5 million. The non-contingent consideration liability is no longer required to be remeasured to fair value and, accordingly, is not classified as a Level 3 measurement.

Schedule of Financial Assets and Liabilities Measured at Fair Value

The following table presents financial liabilities measured at fair value:

	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
As of June 30, 2013
Liabilities:
Acquisition-related contingent consideration, including current portion	$	—	$	—	$	13,285	$	13,285
As of December 31, 2012
Liabilities:
Acquisition-related contingent consideration, including current portion	$	—	$	—	$	16,426	$	16,426

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Special Charges (Tables)

6 Months Ended

Jun. 30, 2013

Special Charges by Segment

The following table details the special charges by segment for the three months ended June 30, 2012 and six months ended June 30, 2013 and 2012. We did not record any special charges in the three months ended June 30, 2013.

	Three Months Ended June 30,		Six Months Ended June 30,
	2012		2013			2012
Corporate Finance/Restructuring	$	10,561	$	68		$	10,561
Forensic and Litigation Consulting		7,808		173			7,808
Economic Consulting		818		(4	)		818
Technology		2,966		14			2,966
Strategic Communications		4,511		64			4,511
		26,664		315			26,664
Unallocated Corporate		118		112			118
Total	$	26,782	$	427		$	26,782

Schedule of Special Charges Reserve by Type of Cost

Activity related to the liability for these costs for the six months ended June 30, 2013 is as follows:

	Employee Termination Costs			Lease Costs			Total
Balance at December 31, 2012	$	6,696		$	8,517		$	15,213
Additions		(100	)		527			427
Payments		(1,924	)		(1,936	)		(3,860	)
Foreign currency translation adjustment and other		(162	)		—			(162	)
Balance at June 30, 2013	$	4,510		$	7,108		$	11,618

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Goodwill and Other Intangible Assets - Additional Information (Detail) (USD $) In Millions, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Goodwill and Intangible Assets Disclosure [Line Items]
Finite lived intangible assets, amortization expense	$ 6.0	$ 5.7	$ 11.5	$ 11.2
Estimated amortization expense during the remainder of 2013	10.8		10.8
Estimated amortization expense for the year 2014	13.2		13.2
Estimated amortization expense for the year 2015	12.2		12.2
Estimated amortization expense for the year 2016	10.7		10.7
Estimated amortization expense for the year 2017	9.9		9.9
Estimated amortization expense for the year 2018	8.6		8.6
Estimated amortization expense after the year 2018	$ 30.7		$ 30.7

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Earnings Per Common Share Basic and Diluted (Detail) (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Numerator-basic and diluted
Net income	$ 23,486	$ 7,747	$ 47,166	$ 26,178
Denominator
Weighted average number of common shares outstanding-basic	39,143	40,592	39,272	40,475
Effect of dilutive stock options	589	646	592	804
Effect of dilutive convertible notes		229		737
Effect of dilutive restricted shares	561	607	592	656
Weighted average number of common shares outstanding - diluted	40,293	42,074	40,456	42,672
Earnings per common share-basic	$ 0.60	$ 0.19	$ 1.20	$ 0.65
Earnings per common share-diluted	$ 0.58	$ 0.18	$ 1.17	$ 0.61
Antidilutive stock options and restricted shares	3,593	3,530	3,541	2,806

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Financial Instruments - Additional Information (Detail) (USD $) In Millions, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012	Dec. 31, 2012	Jun. 30, 2013 6 3/4 % Senior Notes Due 2020	Jun. 30, 2013 6.0% Senior Notes Due 2022	Nov. 27, 2012 6.0% Senior Notes Due 2022
Assets Sold under Agreements to Repurchase [Line Items]
Fair value of long-term debt	$ 743.0		$ 743.0		$ 762.0
Carrying value of long-term debt	723.0		723.0		723.0			300.0
Interest percentage						6.75%	6.00%
Debt maturity period						2020	2022	2022
Gain/Loss on remeasurement of contingent consideration	8.2	4.1		4.1
Accretion expense	$ 0.8	$ 0.6	$ 1.5	$ 1.1

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Components of Long-Term Debt and Capital Lease Obligations (Parenthetical) (Detail)	Jun. 30, 2013	Nov. 27, 2012
6 3/4 % Senior Notes Due 2020
Long-Term Debt And Capital Lease Obligations [Line Items]
Interest percentage	6.75%
Debt maturity period	2020
6.0% Senior Notes Due 2022
Long-Term Debt And Capital Lease Obligations [Line Items]
Interest percentage	6.00%
Debt maturity period	2022	2022

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Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2013

Revenues and Adjusted Segment Earnings before Interest, Taxes, Depreciation and Amortization for Reportable Segments

The table below presents revenues and Adjusted Segment EBITDA for our reportable segments for the three and six months ended June 30, 2013 and 2012:

	Three Months Ended June 30,				Six Months Ended June 30,
	2013		2012		2013		2012
Revenues
Corporate Finance/Restructuring	$	96,714	$	96,187	$	195,794	$	193,061
Forensic and Litigation Consulting		105,120		106,256		205,844		209,891
Economic Consulting		111,014		99,455		226,208		199,507
Technology		51,196		47,697		97,900		97,357
Strategic Communications		50,569		46,648		96,045		91,655
Revenues	$	414,613	$	396,243	$	821,791	$	791,471
Adjusted Segment EBITDA
Corporate Finance/Restructuring	$	24,123	$	27,296	$	43,208	$	51,468
Forensic and Litigation Consulting		20,693		19,542		33,504		34,211
Economic Consulting		20,803		18,491		46,997		36,915
Technology		16,888		12,849		30,604		26,064
Strategic Communications		5,219		4,970		8,773		9,499
Total Adjusted Segment EBITDA(1)	$	87,726	$	83,148	$	163,086	$	158,157

⁽¹⁾  Total Adjusted Segment EBITDA is the total of Adjusted Segment EBITDA for all segments.

Reconciliation of Adjusted Segment Earnings before Interest, Taxes, Depreciation and Amortization

The table below reconciles Total Adjusted Segment EBITDA to the income before income tax provision:

	Three Months Ended June 30,						Six Months Ended June 30,
	2013			2012			2013			2012
Total Adjusted Segment EBITDA(1)	$	87,726		$	83,148		$	163,086		$	158,157
Segment depreciation expense		(6,944	)		(6,335	)		(13,820	)		(12,608	)
Amortization of other intangible assets		(5,953	)		(5,490	)		(11,517	)		(11,007	)
Special Charges		—			(26,782	)		(427	)		(26,782	)
Unallocated corporate expenses, excluding special charges		(14,570	)		(17,709	)		(31,734	)		(39,981	)
Interest income and other		(387	)		(363	)		550			2,919
Interest expense		(13,071	)		(15,195	)		(25,786	)		(30,399	)
Income before income tax provision	$	46,801		$	11,274		$	80,352		$	40,299

⁽¹⁾  Total Adjusted Segment EBITDA is the total of Adjusted Segment EBITDA for all segments.

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Financial Liabilities Measured at Fair Value (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Jun. 30, 2012	Mar. 31, 2012	Dec. 31, 2011
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Acquisition-related contingent consideration, including current portion	$ 13,285	$ 16,296	$ 16,426	$ 8,237	$ 15,276	$ 14,990
Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Acquisition-related contingent consideration, including current portion	$ 13,285		$ 16,426

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Earnings Per Common Share (Tables)

6 Months Ended

Jun. 30, 2013

Schedule of Earnings Per Share Basic and Diluted

	Three Months Ended June 30,				Six Months Ended June 30,
	2013		2012		2013		2012
Numerator—basic and diluted
Net income	$	23,486	$	7,747	$	47,166	$	26,178
Denominator
Weighted average number of common shares outstanding—basic		39,143		40,592		39,272		40,475
Effect of dilutive stock options		589		646		592		804
Effect of dilutive convertible notes		—		229		—		737
Effect of dilutive restricted shares		561		607		592		656
Weighted average number of common shares outstanding—diluted		40,293		42,074		40,456		42,672
Earnings per common share—basic	$	0.60	$	0.19	$	1.20	$	0.65
Earnings per common share—diluted	$	0.58	$	0.18	$	1.17	$	0.61
Antidilutive stock options and restricted shares		3,593		3,530		3,541		2,806

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Condensed Consolidated Statement of Stockholders' Equity (USD $) In Thousands, except Share data, unless otherwise specified	Total	Common Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Loss
Beginning Balance at Dec. 31, 2012	$ 1,068,232	$ 408	$ 367,978	$ 741,215	$ (41,369)
Beginning Balance (in shares) at Dec. 31, 2012	40,755,000	40,755,000
Net income	47,166			47,166
Other comprehensive income:
Cumulative translation adjustment	(27,223)				(27,223)
Issuance of common stock in connection with:
Exercise of options, net of income tax expense from share-based awards of $368 (in shares)		213,000
Exercise of options, net of income tax expense from share-based awards of $368	5,623	2	5,621
Restricted share grants, less net settled shares of 132 (in shares)		272,000
Restricted share grants, less net settled shares of 132	(4,530)	2	(4,532)
Stock units issued under incentive compensation plan	3,005		3,005
Business combinations (in shares)		81,000
Business combinations	(994)	1	(995)
Purchase and retirement of common stock (in shares)		(827,000)
Purchase and retirement of common stock	(28,758)	(8)	(28,750)
Share-based compensation	17,046		17,046
Ending Balance at Jun. 30, 2013	$ 1,079,567	$ 405	$ 359,373	$ 788,381	$ (68,592)
Ending Balance (in shares) at Jun. 30, 2013	40,494,000	40,494,000

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Condensed Consolidated Statements of Cash Flows (USD $) In Thousands, unless otherwise specified	6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012
Operating activities
Net income	$ 47,166	$ 26,178
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation and amortization	16,022	18,449
Amortization of other intangible assets	11,517	11,186
Acquisition-related contingent consideration	(6,721)	(2,984)
Provision for doubtful accounts	7,478	7,027
Non-cash share-based compensation	17,046	17,805
Non-cash interest expense	1,349	3,887
Other	(197)	70
Changes in operating assets and liabilities, net of effects from acquisitions:
Accounts receivable, billed and unbilled	(58,827)	(50,190)
Notes receivable	(11,113)	(23,834)
Prepaid expenses and other assets	(1,485)	(4,363)
Accounts payable, accrued expenses and other	(1,354)	(1,216)
Income taxes	14,740	(17,108)
Accrued compensation	(10,467)	(43,081)
Billings in excess of services provided	(5,785)	886
Net cash provided by (used in) operating activities	19,369	(57,288)
Investing activities
Payments for acquisition of businesses, net of cash received	(40,512)	(21,550)
Purchases of property and equipment	(14,130)	(13,728)
Other	21	93
Net cash used in investing activities	(54,621)	(35,185)
Financing activities
Payments of long-term debt and capital lease obligations		(1,974)
Purchase and retirement of common stock	(28,758)
Net issuance of common stock under equity compensation plans	1,245	(840)
Other	(616)	(1,324)
Net cash provided by (used in) financing activities	(28,129)	(4,138)
Effect of exchange rate changes on cash and cash equivalents	(850)	(1,831)
Net decrease in cash and cash equivalents	(64,231)	(98,442)
Cash and cash equivalents, beginning of period	156,785	264,423
Cash and cash equivalents, end of period	92,554	165,981
Supplemental cash flow disclosures
Cash paid for interest	22,903	25,367
Cash paid for income taxes, net of refunds	18,446	31,230
Non-cash investing and financing activities:
Issuance of stock units under incentive compensation plans	3,005	3,079
Issuance of common stock to acquire businesses	$ 2,883

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New Accounting Standards Not yet Adopted

6 Months Ended

Jun. 30, 2013

New Accounting Standards Not yet Adopted

3. New Accounting Standards Not yet Adopted

In March 2013, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update 2013-05, Foreign Currency Matters (Topic 830): Parent’s Accounting for the Cumulative Translation Adjustment upon Derecognition of Certain Subsidiaries or Groups of Assets within a Foreign Entity or of an Investment in a Foreign Entity (“ASU 2013-05”). ASU 2013-05 updates accounting guidance related to the application of consolidation guidance and foreign currency matters, and resolves the diversity in practice about what guidance applies to the release of the cumulative translation adjustment into net income. ASU 2013-05 requires that the entire amount of a cumulative translation adjustment related to an entity’s investment in a foreign entity should be released when there has been a: (i) sale of a subsidiary or group of net assets within a foreign entity and the sale represents the substantially complete liquidation of the investment in the foreign entity, (ii) loss of a controlling financial interest in an investment in a foreign entity, and (iii) step acquisition for a foreign entity. This guidance is effective for interim and annual periods beginning after December 15, 2013. This ASU would impact the Company’s consolidated results of operations and financial condition only in the instance of an event/transaction as described above.

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Basis of Presentation and Significant Accounting Policies

6 Months Ended

Jun. 30, 2013

Basis of Presentation and Significant Accounting Policies

1. Basis of Presentation and Significant Accounting Policies

The unaudited condensed consolidated financial statements of FTI Consulting, Inc. including its consolidated subsidiaries (collectively, the “Company,” “we,” “our” or “FTI Consulting”) presented herein have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) and under the rules and regulations of the Securities and Exchange Commission (“SEC”) for interim financial information. Some of the information and footnote disclosures normally included in annual financial statements have been condensed or omitted pursuant to those rules and regulations. Certain prior period amounts have been reclassified to conform to the current period presentation. See Note 15 “Segment Reporting” for information on our segment reclassification. In management’s opinion, the interim financial statements reflect all adjustments that are necessary for a fair presentation of the results for the interim periods presented. All adjustments made were normal recurring accruals. Results of operations for the interim periods presented herein are not necessarily indicative of results of operations for a full year. These financial statements should be read in conjunction with the consolidated financial statements and the notes contained in our Annual Report on Form 10-K for the year ended December 31, 2012 filed with the SEC on February 28, 2013 and our Current Report on Form 8-K dated May 21, 2013, in which we reclassified historical segment information on a basis consistent with our current segment reporting structure.

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Change In Acquisition-Related Contingent Consideration Liability (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended				6 Months Ended
	Jun. 30, 2013		Jun. 30, 2012		Jun. 30, 2013		Jun. 30, 2012
Business Acquisition, Contingent Consideration [Line Items]
Beginning balance	$ 16,296		$ 15,276		$ 16,426		$ 14,990
Acquisition	5,377	[1]			4,528	[1]
Change in amount of contingent consideration	7,452		3,541		6,721		2,984
Payments	(235)		(917)		(235)		(1,287)
Elimination of contingency			(2,534)	[2]			(2,534)	[2]
Ending balance	13,285		8,237		13,285		8,237
Fair Value Adjustment
Business Acquisition, Contingent Consideration [Line Items]
Change in amount of contingent consideration	(7,452)	[3]	(3,541)	[3]	(6,721)	[3]	(2,984)	[3]
Foreign Currency Translation
Business Acquisition, Contingent Consideration [Line Items]
Change in amount of contingent consideration	$ (701)		$ (47)		$ (713)		$ 52

[1] Includes adjustments during the purchase price allocation period.

[2] During the three months ended June 30, 2012, we fixed an acquisition-related contingent consideration liability in the amount of $2.5 million. The non-contingent consideration liability is no longer required to be remeasured to fair value and, accordingly, is not classified as a Level 3 measurement.

[3] Includes adjustments to fair value related to accretion and remeasurement of contingent consideration which are recorded in "Acquisition-related contingent consideration" on the Condensed Consolidated Statements of Comprehensive Income (Loss).

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Goodwill and Other Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2013

Schedule of Changes in Carrying Amounts of Goodwill by Operating Segment

The changes in the carrying amounts of goodwill by operating segment for the six months ended June 30, 2013, are as follows:

	Corporate Finance/ Restructuring			Forensic and Litigation Consulting			Economic Consulting			Technology			Strategic Communications			Total
Balances at December 31, 2012	$	469,050		$	198,957		$	247,718		$	118,035		$	226,275		$	1,260,035
Acquisitions(1)		12,393			1,050			1,925			—			5,220			20,588
Foreign currency translation adjustment		(4,833	)		(2,059	)		(506	)		(105	)		(9,954	)		(17,457	)
Intersegment transfers in/(out)(2)		(31,471	)		31,471			—			—			—			—
Balances at June 30, 2013	$	445,139		$	229,419		$	249,137		$	117,930		$	221,541		$	1,263,166

⁽¹⁾  Includes adjustments during the purchase price allocation period.

⁽²⁾  Includes the reclassification of the Corporate Finance/Restructuring segment’s healthcare practices into the Forensic and Litigation Consulting segment. See Note 15 “Segment Reporting” for information on this segment reclassification.

Schedule of Intangible Assets by Major Class

	Useful Life in Years	June 30, 2013				December 31, 2012
		Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Finite lived intangible assets
Customer relationships	1 to 15	$	155,023	$	65,093	$	151,990	$	64,095
Non-competition agreements	1 to 10		10,979		8,527		15,184		11,158
Software	3 to 10		33,948		30,518		33,979		27,424
Tradenames	1 to 2		450		187		180		75
			200,400		104,325		201,333		102,752
Indefinite-lived intangible assets
Tradenames	Indefinite		5,600		—		5,600		—
		$	206,000	$	104,325	$	206,933	$	102,752

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

6 Months Ended

Jun. 30, 2013

Condensed Consolidating Balance Sheet Information

Condensed Consolidating Balance Sheet Information as of June 30, 2013

	FTI Consulting, Inc.		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Consolidated
Assets
Cash and cash equivalents	$	19,671	$	308	$	72,575	$	—		$	92,554
Accounts receivable, net		149,013		186,230		144,789		—		$	480,032
Intercompany receivables		—		729,235		—		(729,235	)	$	—
Other current assets		52,287		19,289		20,615		—		$	92,191
Total current assets		220,971		935,062		237,979		(729,235	)		664,777
Property and equipment, net		33,641		18,683		13,283		—		$	65,607
Goodwill		559,519		425,864		277,783		—		$	1,263,166
Other intangible assets, net		35,754		23,797		72,129		(30,005	)	$	101,675
Investments in subsidiaries		1,768,811		511,827		—		(2,280,638	)	$	—
Other assets		96,327		62,491		27,766		(10,928	)	$	175,656
Total assets	$	2,715,023	$	1,977,724	$	628,940	$	(3,050,806	)	$	2,270,881
Liabilities
Intercompany payables	$	648,931	$	67,108	$	13,196	$	(729,235	)	$	—
Other current liabilities		90,049		85,967		85,762		—		$	261,778
Total current liabilities		738,980		153,075		98,958		(729,235	)		261,778
Long-term debt, net		700,000		17,000		—		—		$	717,000
Other liabilities		196,476		20,690		6,298		(10,928	)	$	212,536
Total liabilities		1,635,456		190,765		105,256		(740,163	)		1,191,314
Stockholders’ equity		1,079,567		1,786,959		523,684		(2,310,643	)	$	1,079,567
Total liabilities and stockholders’ equity	$	2,715,023	$	1,977,724	$	628,940	$	(3,050,806	)	$	2,270,881

Condensed Consolidating Balance Sheet Information as of December 31, 2012

	FTI Consulting, Inc.		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Consolidated
Assets
Cash and cash equivalents	$	66,663	$	610	$	89,512	$	—		$	156,785
Restricted cash		—		—		1,190		—			1,190
Accounts receivable, net		140,254		149,253		139,733		—			429,240
Intercompany receivables		7,053		674,136		23,185		(704,374	)		—
Other current assets		46,978		20,469		19,713		—			87,160
Total current assets		260,948		844,468		273,333		(704,374	)		674,375
Property and equipment, net		37,411		16,477		14,304		—			68,192
Goodwill		558,473		418,789		282,773		—			1,260,035
Other intangible assets, net		36,826		23,975		74,967		(31,587	)		104,181
Investments in subsidiaries		1,631,243		502,954		—		(2,134,197	)		—
Other assets		85,109		66,170		28,318		(10,928	)		168,669
Total assets	$	2,610,010	$	1,872,833	$	673,695	$	(2,881,086	)	$	2,275,452
Liabilities
Intercompany payables	$	549,339	$	112,137	$	42,898	$	(704,374	)	$	—
Other current liabilities		118,865		79,533		105,799		—			304,197
Total current liabilities		668,204		191,670		148,697		(704,374	)		304,197
Long-term debt, net		700,024		17,000		—		—			717,024
Other liabilities		173,550		10,479		12,898		(10,928	)		185,999
Total liabilities		1,541,778		219,149		161,595		(715,302	)		1,207,220
Stockholders’ equity		1,068,232		1,653,684		512,100		(2,165,784	)		1,068,232
Total liabilities and stockholders’ equity	$	2,610,010	$	1,872,833	$	673,695	$	(2,881,086	)	$	2,275,452

Condensed Consolidating Statement of Comprehensive Income

Condensed Consolidating Statement of Comprehensive Income for the Three Months Ended June 30, 2013

	FTI Consulting, Inc.			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations			Consolidated
Revenues	$	144,390		$	254,394	$	113,565		$	(97,736	)	$	414,613
Operating expenses
Direct cost of revenues		92,781			192,526		70,725			(96,504	)		259,528
Selling, general and administrative expense		38,575			28,614		30,367			(1,231	)		96,325
Acquisition-related contingent consideration		92			195		(7,739	)		—			(7,452	)
Amortization of other intangible assets		1,095			2,501		3,146			(789	)		5,953
Operating income		11,847			30,558		17,066			788			60,259
Other (expense) income		(16,773	)		202		3,113			—			(13,458	)
Income (loss) before income tax provision		(4,926	)		30,760		20,179			788			46,801
Income tax (benefit) provision		(4,290	)		24,090		3,515			—			23,315
Equity in net earnings of subsidiaries		24,122			15,679		—			(39,801	)		—
Net income		23,486			22,349		16,664			(39,013	)		23,486
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments, net of tax $0		—			—		(11,714	)		—			(11,714	)
Other comprehensive income (loss), net of tax		—			—		(11,714	)		—			(11,714	)
Comprehensive income	$	23,486		$	22,349	$	4,950		$	(39,013	)	$	11,772

Condensed Consolidating Statement of Comprehensive Income (Loss) for the Three Months Ended June 30, 2012

	FTI Consulting, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Revenues	$	151,442		$	241,033		$	101,451		$	(97,683	)	$	396,243
Operating expenses
Direct cost of revenues		96,450			180,788			66,080			(95,098	)		248,220
Selling, general and administrative expense		39,041			28,507			27,497			(2,585	)		92,460
Special Charges		16,731			4,287			5,764						26,782
Acquisition-related contingent consideration		—			—			(3,541	)		—			(3,541	)
Amortization of other intangible assets		1,297			2,473			2,541			(821	)		5,490
Operating income		(2,077	)		24,978			3,110			821			26,832
Other (expense) income		(17,469	)		(195	)		2,106			—			(15,558	)
Income (loss) before income tax provision		(19,546	)		24,783			5,216			821			11,274
Income tax (benefit) provision		(9,666	)		12,910			283			—			3,527
Equity in net earnings of subsidiaries		17,627			5,741			—			(23,368	)		—
Net income		7,747			17,614			4,933			(22,547	)		7,747
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments, net of tax $0		—			—			(10,960	)		—			(10,960	)
Other comprehensive income (loss), net of tax		—			—			(10,960	)		—			(10,960	)
Comprehensive income (loss)	$	7,747		$	17,614		$	(6,027	)	$	(22,547	)	$	(3,213	)

Condensed Consolidating Statement of Comprehensive Income for the Six Months Ended June 30, 2013

	FTI Consulting, Inc.			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations			Consolidated
Revenues	$	295,350		$	501,055	$	221,561		$	(196,175	)	$	821,791
Operating expenses
Direct cost of revenues		193,618			379,873		138,698			(194,181	)		518,008
Selling, general and administrative expense		81,471			56,590		56,905			(1,994	)		192,972
Special charges		323			104		—			—			427
Acquisition-related contingent consideration		179			195		(7,095	)		—			(6,721	)
Amortization of other intangible assets		2,322			4,948		5,829			(1,582	)		11,517
Operating income		17,437			59,345		27,224			1,582			105,588
Other (expense) income		(31,713	)		531		5,946			—			(25,236	)
Income (loss) before income tax provision		(14,276	)		59,876		33,170			1,582			80,352
Income tax (benefit) provision		(7,221	)		34,062		6,345			—			33,186
Equity in net earnings of subsidiaries		54,221			24,114		—			(78,335	)		—
Net income		47,166			49,928		26,825			(76,753	)		47,166
Other comprehensive income, net of tax:
Foreign currency translation adjustments, net of tax $0		—			—		(27,223	)		—			(27,223	)
Other comprehensive income, net of tax		—			—		(27,223	)		—			(27,223	)
Comprehensive income	$	47,166		$	49,928	$	(398	)	$	(76,753	)	$	19,943

Condensed Consolidating Statement of Comprehensive Income for the Six Months Ended June 30, 2012

	FTI Consulting, Inc.			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations			Consolidated
Revenues	$	305,023		$	482,749	$	203,509		$	(199,810	)	$	791,471
Operating expenses
Direct cost of revenues		197,625			362,737		128,999			(195,523	)		493,838
Selling, general and administrative expense		86,435			57,559		55,342			(4,287	)		195,049
Special charges		16,731			4,287		5,764			—			26,782
Acquisition-related contingent consideration		—			—		(2,984	)		—			(2,984	)
Amortization of other intangible assets		2,600			4,950		5,097			(1,640	)		11,007
Operating income		1,632			53,216		11,291			1,640			67,779
Other (expense) income		(30,456	)		35,987		1,874			(34,885	)		(27,480	)
Income (loss) before income tax provision		(28,824	)		89,203		13,165			(33,245	)		40,299
Income tax (benefit) provision		(28,380	)		40,724		1,777			—			14,121
Equity in net earnings of subsidiaries		26,622			13,383		—			(40,005	)		—
Net income		26,178			61,862		11,388			(73,250	)		26,178
Other comprehensive income, net of tax:
Foreign currency translation adjustments, net of tax $0		—			—		1,889			—			1,889
Other comprehensive income, net of tax		—			—		1,889			—			1,889
Comprehensive income	$	26,178		$	61,862	$	13,277		$	(73,250	)	$	28,067

Condensed Consolidating Statement of Cash Flow

Condensed Consolidating Statement of Cash Flow for the Six Months Ended June 30, 2013

	FTI Consulting, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidated
Operating activities
Net cash (used in) provided by operating activities	$	(59,591	)	$	50,836		$	28,124		$	19,369
Investing activities
Payments for acquisition of businesses, net of cash received		(11,601	)		(7,157	)		(21,754	)		(40,512	)
Purchases of property and equipment		(1,505	)		(10,386	)		(2,239	)		(14,130	)
Other		21			—			—			21
Net cash used in investing activities		(13,085	)		(17,543	)		(23,993	)		(54,621	)
Financing activities
Issuance of common stock and other		1,083			—			(645	)		438
Purchase and retirement of common stock		(28,758	)		—			—			(28,758	)
Excess tax benefits from share-based compensation		191			—			—			191
Intercompany transfers		53,168			(33,595	)		(19,573	)		—
Net cash provided by (used in) financing activities		25,684			(33,595	)		(20,218	)		(28,129	)
Effect of exchange rate changes on cash and cash equivalents		—			—			(850	)		(850	)
Net decrease in cash and cash equivalents		(46,992	)		(302	)		(16,937	)		(64,231	)
Cash and cash equivalents, beginning of period		66,663			610			89,512			156,785
Cash and cash equivalents, end of period	$	19,671		$	308		$	72,575		$	92,554

Condensed Consolidating Statement of Cash Flow for the Six Months Ended June 30, 2012

	FTI Consulting, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidated
Operating activities
Net cash (used in) provided by operating activities	$	(70,726	)	$	336		$	13,102		$	(57,288	)
Investing activities
Payments for acquisition of businesses, net of cash received		(21,186	)		—			(364	)		(21,550	)
Purchases of property and equipment		(3,384	)		(8,350	)		(1,994	)		(13,728	)
Other		93			—			—			93
Net cash used in investing activities		(24,477	)		(8,350	)		(2,358	)		(35,185	)
Financing activities
Payments of long-term debt and capital lease obligations		(1,929	)		(45	)		—			(1,974	)
Net issuance of common stock and other		(948	)		—			(1,287	)		(2,235	)
Excess tax benefits from share-based compensation		71			—			—			71
Intercompany transfers		8,906			7,955			(16,861	)		—
Net cash provided by (used in) financing activities		6,100			7,910			(18,148	)		(4,138	)
Effect of exchange rate changes on cash and cash equivalents		—			—			(1,831	)		(1,831	)
Net decrease in cash and cash equivalents		(89,103	)		(104	)		(9,235	)		(98,442	)
Cash and cash equivalents, beginning of period		161,180			197			103,046			264,423
Cash and cash equivalents, end of period	$	72,077		$	93		$	93,811		$	165,981

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Activity Related to Liability for Special Charges (Detail) (USD $) In Thousands, unless otherwise specified	6 Months Ended
	Jun. 30, 2013
Special Charges [Line Items]
Balance at December 31, 2012	$ 15,213
Additions	427
Payments	(3,860)
Foreign currency translation adjustment and other	(162)
Balance at June 30, 2013	11,618
Employee Termination Costs
Special Charges [Line Items]
Balance at December 31, 2012	6,696
Additions	(100)
Payments	(1,924)
Foreign currency translation adjustment and other	(162)
Balance at June 30, 2013	4,510
Lease Termination Costs
Special Charges [Line Items]
Balance at December 31, 2012	8,517
Additions	527
Payments	(1,936)
Balance at June 30, 2013	$ 7,108

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Segment Reporting - Additional Information (Detail)	6 Months Ended
	Jun. 30, 2013 Segment
Segment Reporting Information [Line Items]
Number of reportable segments	5

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Long Term Debt and Capital Lease Obligations - Additional Information (Detail) (USD $) In Millions, unless otherwise specified			1 Months Ended
	Jun. 30, 2013	Dec. 31, 2012	Nov. 27, 2012 6.0% Senior Notes Due 2022	Jun. 30, 2013 6.0% Senior Notes Due 2022
Convertible Promissory Notes And Warrants [Line Items]
Debt maturity period			2022	2022
Aggregate principal amount senior notes issued	$ 723.0	$ 723.0	$ 300.0
Percentage of principal amount of notes issued			100.00%
Date of exchange offer of all outstanding 2022 Notes			Jul. 26, 2013

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Changes in Carrying Amounts of Goodwill by Operating Segment (Detail) (USD $) In Thousands, unless otherwise specified	6 Months Ended
	Jun. 30, 2013
Goodwill [Line Items]
Balances at December 31, 2012	$ 1,260,035
Acquisitions	20,588	[1]
Foreign currency translation adjustment	(17,457)
Balances at June 30, 2013	1,263,166
Corporate Finance / Restructuring
Goodwill [Line Items]
Balances at December 31, 2012	469,050
Acquisitions	12,393	[1]
Foreign currency translation adjustment	(4,833)
Intersegment transfers in/(out)	(31,471)	[2]
Balances at June 30, 2013	445,139
Forensic and Litigation Consulting
Goodwill [Line Items]
Balances at December 31, 2012	198,957
Acquisitions	1,050	[1]
Foreign currency translation adjustment	(2,059)
Intersegment transfers in/(out)	31,471	[2]
Balances at June 30, 2013	229,419
Economic Consulting
Goodwill [Line Items]
Balances at December 31, 2012	247,718
Acquisitions	1,925	[1]
Foreign currency translation adjustment	(506)
Balances at June 30, 2013	249,137
Technology
Goodwill [Line Items]
Balances at December 31, 2012	118,035
Foreign currency translation adjustment	(105)
Balances at June 30, 2013	117,930
Strategic Communications
Goodwill [Line Items]
Balances at December 31, 2012	226,275
Acquisitions	5,220	[1]
Foreign currency translation adjustment	(9,954)
Balances at June 30, 2013	$ 221,541

[1] Includes adjustments during the purchase price allocation period.

[2] Includes the reclassification of the Corporate Finance/Restructuring segment's healthcare practices into the Forensic and Litigation Consulting segment. See Note 15 "Segment Reporting" for information on this segment reclassification.

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Condensed Consolidated Balance Sheets (Parenthetical) (USD $) In Thousands, except Per Share data, unless otherwise specified	Jun. 30, 2013	Dec. 31, 2012
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	5,000	5,000
Preferred stock, shares outstanding
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	75,000	75,000
Common stock, shares issued	40,494	40,755
Common stock, shares outstanding	40,494	40,755

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Research and Development Costs

6 Months Ended

Jun. 30, 2013

Research and Development Costs

6. Research and Development Costs

Research and development costs related to software development totaled $3.5 million and $7.5 million for the three and six months ended June 30, 2013, respectively, and $5.1 million and $11.9 million for the three and six months ended June 30, 2012, respectively. Research and development costs are included in “Selling, general and administrative expense” on the Condensed Consolidated Statements of Comprehensive Income (Loss).

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Condensed Consolidated Statements of Comprehensive Income (Loss) (Parenthetical) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Foreign currency translation adjustments, tax expense	$ 0	$ 0	$ 0	$ 0

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Supplemental Condensed Consolidating Guarantor and Non- Guarantor Financial Information - Additional Information (Detail)	Jun. 30, 2013
Quarterly Financial Information [Line Items]
Guarantors Subsidiary ownership percentage	100.00%

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Condensed Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	Jun. 30, 2013	Dec. 31, 2012
Current assets
Cash and cash equivalents	$ 92,554	$ 156,785
Restricted cash		1,190
Accounts receivable:
Billed receivables	362,664	314,491
Unbilled receivables	223,875	208,797
Allowance for doubtful accounts and unbilled services	(106,507)	(94,048)
Accounts receivable, net	480,032	429,240
Current portion of notes receivable	34,128	33,194
Prepaid expenses and other current assets	40,298	50,351
Current portion of deferred tax assets	17,765	3,615
Total current assets	664,777	674,375
Property and equipment, net of accumulated depreciation	65,607	68,192
Goodwill	1,263,166	1,260,035
Other intangible assets, net of amortization	101,675	104,181
Notes receivable, net of current portion	110,908	101,623
Other assets	64,748	67,046
Total assets	2,270,881	2,275,452
Current liabilities
Accounts payable, accrued expenses and other	85,974	98,109
Accrued compensation	144,391	168,392
Current portion of long-term debt and capital lease obligations	6,000	6,021
Billings in excess of services provided	25,413	31,675
Total current liabilities	261,778	304,197
Long-term debt and capital lease obligations, net of current portion	717,000	717,024
Deferred income taxes	129,111	105,751
Other liabilities	83,425	80,248
Total liabilities	1,191,314	1,207,220
Commitments and contingent liabilities (notes 8, 10 and 11)
Stockholders' equity
Preferred stock, $0.01 par value; shares authorized-5,000; none outstanding
Common stock, $0.01 par value; shares authorized-75,000; shares issued and outstanding-40,494 (2013) and 40,755 (2012)	405	408
Additional paid-in capital	359,373	367,978
Retained earnings	788,381	741,215
Accumulated other comprehensive loss	(68,592)	(41,369)
Total stockholders' equity	1,079,567	1,068,232
Total liabilities and stockholders' equity	$ 2,270,881	$ 2,275,452

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Share-Based Compensation - Additional Information (Detail)	6 Months Ended
	Jun. 30, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based awards	857,328

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Long-term Debt and Capital Lease Obligations (Tables)

6 Months Ended

Jun. 30, 2013

Components of Long-Term Debt and Capital Lease Obligations

The components of long-term debt and capital lease obligations are presented in the table below:

	June 30, 2013		December 31, 2012
6 3/4% senior notes due 2020	$	400,000	$	400,000
6.0% senior notes due 2022		300,000		300,000
Notes payable to former shareholders of acquired businesses		23,000		23,000
Total debt		723,000		723,000
Less current portion		6,000		6,000
Long-term debt, net of current portion		717,000		717,000
Total capital lease obligations		—		45
Less current portion		—		21
Capital lease obligations, net of current portion		—		24
Long-term debt and capital lease obligations, net of current portion	$	717,000	$	717,024

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Segment Reporting

6 Months Ended

Jun. 30, 2013

Segment Reporting

15. Segment Reporting

We manage our business in five reportable segments: Corporate Finance/Restructuring, Forensic and Litigation Consulting, Economic Consulting, Technology and Strategic Communications.

Our Corporate Finance/Restructuring segment focuses on strategic, operational, financial and capital needs of businesses around the world and provides consulting and advisory services on a wide range of areas, such as restructuring (including bankruptcy), interim management, financings, mergers and acquisitions, post-acquisition integration, valuations, tax issues and performance improvement.

Our Forensic and Litigation Consulting segment provides law firms, companies, government clients and other interested parties with dispute advisory, investigations, forensic accounting, business intelligence assessments, data analytics, 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 provides electronic discovery and information management consulting, software and services to its clients. It provides products, services and consulting to companies, law firms, courts and government agencies worldwide. Its comprehensive suite of software and services help clients locate, review and produce electronically stored information, including e-mail, computer files, voicemail, instant messaging, and financial and transactional data.

Our Strategic Communications segment provides advice and consulting services relating to financial and corporate communications and investor relations, reputation management and brand communications, public affairs, business consulting and digital design and marketing.

Effective in the first quarter of 2013, we modified our reportable segments to reflect changes in how we operate our business and the related internal management reporting. The Company’s healthcare and life sciences practices from both our Corporate Finance/Restructuring segment and our Forensic and Litigation Consulting segment have been combined under a single organizational structure. This single integrated practice, our health solutions practice, is now aggregated in its entirety within the Forensic and Litigation Consulting reportable segment. Prior period Corporate Finance/Restructuring and Forensic and Litigation Consulting segment information has been reclassified to conform to the current period presentation.

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, special charges and goodwill impairment charges. We define Total Adjusted Segment EBITDA as the total of Adjusted Segment EBITDA for all segments, which excludes unallocated corporate expenses. Although Adjusted Segment EBITDA is not a measure of financial condition or performance determined in accordance with GAAP, we use Adjusted Segment EBITDA to internally evaluate the financial performance of our segments because we believe it is a useful supplemental measure which 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 for the three and six months ended June 30, 2013 and 2012:

	Three Months Ended June 30,				Six Months Ended June 30,
	2013		2012		2013		2012
Revenues
Corporate Finance/Restructuring	$	96,714	$	96,187	$	195,794	$	193,061
Forensic and Litigation Consulting		105,120		106,256		205,844		209,891
Economic Consulting		111,014		99,455		226,208		199,507
Technology		51,196		47,697		97,900		97,357
Strategic Communications		50,569		46,648		96,045		91,655
Revenues	$	414,613	$	396,243	$	821,791	$	791,471
Adjusted Segment EBITDA
Corporate Finance/Restructuring	$	24,123	$	27,296	$	43,208	$	51,468
Forensic and Litigation Consulting		20,693		19,542		33,504		34,211
Economic Consulting		20,803		18,491		46,997		36,915
Technology		16,888		12,849		30,604		26,064
Strategic Communications		5,219		4,970		8,773		9,499
Total Adjusted Segment EBITDA(1)	$	87,726	$	83,148	$	163,086	$	158,157

⁽¹⁾  Total Adjusted Segment EBITDA is the total of Adjusted Segment EBITDA for all segments.

The table below reconciles Total Adjusted Segment EBITDA to the income before income tax provision:

	Three Months Ended June 30,						Six Months Ended June 30,
	2013			2012			2013			2012
Total Adjusted Segment EBITDA(1)	$	87,726		$	83,148		$	163,086		$	158,157
Segment depreciation expense		(6,944	)		(6,335	)		(13,820	)		(12,608	)
Amortization of other intangible assets		(5,953	)		(5,490	)		(11,517	)		(11,007	)
Special Charges		—			(26,782	)		(427	)		(26,782	)
Unallocated corporate expenses, excluding special charges		(14,570	)		(17,709	)		(31,734	)		(39,981	)
Interest income and other		(387	)		(363	)		550			2,919
Interest expense		(13,071	)		(15,195	)		(25,786	)		(30,399	)
Income before income tax provision	$	46,801		$	11,274		$	80,352		$	40,299

⁽¹⁾  Total Adjusted Segment EBITDA is the total of Adjusted Segment EBITDA for all segments.

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Acquisitions - Additional Information (Detail) (USD $) In Millions, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Mar. 31, 2013	Jun. 30, 2013
Business Acquisition [Line Items]
Common stock consideration in relation to price protection provision guarantees	$ 3.1		$ 3.9
Initial consideration	26.8	9.1
Contingent consideration payment, due date		Dec. 31, 2017
Contingent consideration cap amount		8.0
Purchase price allocation, identifiable intangible assets	9.4		9.4
Purchase price allocation, goodwill			27.2
Contingent consideration estimated fair value, recorded in Other liabilities	$ 8.2		$ 8.2

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Stockholders' Equity - Additional Information (Detail) (USD $)	3 Months Ended	6 Months Ended	12 Months Ended
	Mar. 31, 2013	Jun. 30, 2013	Dec. 31, 2012
Stockholders Equity [Line Items]
Value of shares that have been repurchased and retired during the period		$ 28,758,000
Stock Repurchase Plan
Stockholders Equity [Line Items]
Board of Directors authorized stock repurchase program		250,000,000
Stock repurchase remaining authorized amount		171,200,000
Number of shares that have been repurchased and retired during the period	826,800		1,681,029
Average price per share	$ 34.78		$ 29.76
Value of shares that have been repurchased and retired during the period	$ 28,800,000		$ 50,000,000
Stock repurchase program, period		2 years

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Research and Development Costs - Additional Information (Detail) (USD $) In Millions, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Schedule Of Research And Development [Line Items]
Research and development costs related to software development	$ 3.5	$ 5.1	$ 7.5	$ 11.9

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Special Charges - Additional Information (Detail) (USD $)	3 Months Ended		6 Months Ended		12 Months Ended
	Mar. 31, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012	Dec. 31, 2012 Location Employee
Special Charges [Line Items]
Special charges	$ 400,000	$ 26,782,000	$ 427,000	$ 26,782,000	$ 29,600,000
Non cash special charges					5,000,000
Number of employees terminated					116
Number of office locations					9
Cash outflow associated with special charges, amount paid			24,700,000
Cash outflow associated with special charges, amount paid			13,100,000
Cash outflow associated with special charges, amount expected to be paid in 2013			3,200,000
Cash outflow associated with special charges, amount expected to be paid in 2014			2,700,000
Cash outflow associated with special charges, amount expected to be paid in 2015			1,200,000
Cash outflow associated with special charges, amount expected to be paid in 2016			800,000
Cash outflow associated with special charges, amount expected to be paid from 2017 to 2025			$ 3,700,000

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Special Charges By Segment (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended		12 Months Ended
	Mar. 31, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012	Dec. 31, 2012
Special Charges [Line Items]
Special charges	$ 400	$ 26,782	$ 427	$ 26,782	$ 29,600
Corporate Finance / Restructuring
Special Charges [Line Items]
Special charges		10,561	68	10,561
Forensic and Litigation Consulting
Special Charges [Line Items]
Special charges		7,808	173	7,808
Economic Consulting
Special Charges [Line Items]
Special charges		818	(4)	818
Technology
Special Charges [Line Items]
Special charges		2,966	14	2,966
Strategic Communications
Special Charges [Line Items]
Special charges		4,511	64	4,511
Total Reportable Segments
Special Charges [Line Items]
Special charges		26,664	315	26,664
Unallocated Corporate
Special Charges [Line Items]
Special charges		$ 118	$ 112	$ 118

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Provision for Doubtful Accounts

6 Months Ended

Jun. 30, 2013

Provision for Doubtful Accounts

5. Provision for Doubtful Accounts

The provision for doubtful accounts is recorded after the related work has been billed to the client and we determine that full collectability is not reasonably assured. It is classified in “Selling, general and administrative expense” on the Condensed Consolidated Statements of Comprehensive Income (Loss). The provision for doubtful accounts totaled $3.4 million and $7.5 million for the three and six months ended June 30, 2013, respectively, and $2.5 million and $7.0 million for the three and six months ended June 30, 2012, respectively.

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Supplemental Condensed Consolidating Guarantor and Non-Guarantor Financial Information Condensed Consolidating Statement Of Cash Flow (Detail) (USD $) In Thousands, unless otherwise specified	6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012
Operating activities
Net cash (used in) provided by operating activities	$ 19,369	$ (57,288)
Investing activities
Payments for acquisition of businesses, net of cash received	(40,512)	(21,550)
Purchases of property and equipment	(14,130)	(13,728)
Other	21	93
Net cash used in investing activities	(54,621)	(35,185)
Financing activities
Payments of long-term debt and capital lease obligations		(1,974)
Issuance of common stock and other	438	(2,235)
Purchase and retirement of common stock	(28,758)
Excess tax benefits from share-based compensation	191	71
Net cash provided by (used in) financing activities	(28,129)	(4,138)
Effect of exchange rate changes on cash and cash equivalents	(850)	(1,831)
Net decrease in cash and cash equivalents	(64,231)	(98,442)
Cash and cash equivalents, beginning of period	156,785	264,423
Cash and cash equivalents, end of period	92,554	165,981
FTI Consulting, Inc.
Operating activities
Net cash (used in) provided by operating activities	(59,591)	(70,726)
Investing activities
Payments for acquisition of businesses, net of cash received	(11,601)	(21,186)
Purchases of property and equipment	(1,505)	(3,384)
Other	21	93
Net cash used in investing activities	(13,085)	(24,477)
Financing activities
Payments of long-term debt and capital lease obligations		(1,929)
Issuance of common stock and other	1,083	(948)
Purchase and retirement of common stock	(28,758)
Excess tax benefits from share-based compensation	191	71
Intercompany transfers	53,168	8,906
Net cash provided by (used in) financing activities	25,684	6,100
Net decrease in cash and cash equivalents	(46,992)	(89,103)
Cash and cash equivalents, beginning of period	66,663	161,180
Cash and cash equivalents, end of period	19,671	72,077
Guarantor Subsidiaries
Operating activities
Net cash (used in) provided by operating activities	50,836	336
Investing activities
Payments for acquisition of businesses, net of cash received	(7,157)
Purchases of property and equipment	(10,386)	(8,350)
Net cash used in investing activities	(17,543)	(8,350)
Financing activities
Payments of long-term debt and capital lease obligations		(45)
Intercompany transfers	(33,595)	7,955
Net cash provided by (used in) financing activities	(33,595)	7,910
Net decrease in cash and cash equivalents	(302)	(104)
Cash and cash equivalents, beginning of period	610	197
Cash and cash equivalents, end of period	308	93
Non-Guarantor Subsidiaries
Operating activities
Net cash (used in) provided by operating activities	28,124	13,102
Investing activities
Payments for acquisition of businesses, net of cash received	(21,754)	(364)
Purchases of property and equipment	(2,239)	(1,994)
Net cash used in investing activities	(23,993)	(2,358)
Financing activities
Issuance of common stock and other	(645)	(1,287)
Intercompany transfers	(19,573)	(16,861)
Net cash provided by (used in) financing activities	(20,218)	(18,148)
Effect of exchange rate changes on cash and cash equivalents	(850)	(1,831)
Net decrease in cash and cash equivalents	(16,937)	(9,235)
Cash and cash equivalents, beginning of period	89,512	103,046
Cash and cash equivalents, end of period	$ 72,575	$ 93,811

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Share-Based Compensation (Tables)

6 Months Ended

Jun. 30, 2013

Schedule of Share-Based Compensation Expense

Total share-based compensation expense for the three and six months ended June 30, 2013 and 2012 is detailed in the following table:

	Three Months Ended June 30,				Six Months Ended June 30,
Comprehensive Income Statement Classification	2013		2012		2013		2012
Direct cost of revenues	$	3,742	$	3,025	$	10,699	$	9,408
Selling, general and administrative expense		3,524		3,239		6,500		7,159
Special charges		—		814		—		814
Total share-based compensation expense	$	7,266	$	7,078	$	17,199	$	17,381

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Change In Acquisition-Related Contingent Consideration Liability (Parenthetical) (Detail) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Jun. 30, 2013
Business Acquisition, Contingent Consideration [Line Items]
Acquisition-related contingent consideration liability	$ 2.5

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Acquisitions

6 Months Ended

Jun. 30, 2013

Acquisitions

8. Acquisitions

Certain acquisition-related restricted stock agreements entered into prior to January 1, 2009 contained stock price guarantees that would result in cash payments if our per share price fell below a specified per share market value on the date that the applicable stock restrictions lapsed (the “determination date”). For those acquisitions, the settlement of the stock price guarantees related to our common stock price was recorded as a reduction to additional paid-in capital as of the determination dates. During the three and six months ended June 30, 2013, we paid $3.1 million and $3.9 million, respectively, in cash in relation to the stock price guarantees on certain shares of common stock that became unrestricted, which was recorded as a reduction to additional paid-in-capital on the Condensed Consolidated Balance Sheets. As of June 30, 2013, no further acquisition-related stock price guarantees are outstanding.

2013 Acquisitions

During the second quarter of 2013, we completed two business combinations. The total purchase price included initial consideration with a value of $26.8 million plus acquisition-related contingent consideration. The contingent consideration is payable through the next five years if the acquired businesses meet certain performance measures.

During the first quarter of 2013, we completed two business combinations. The total purchase price included initial consideration with a value of $9.1 million plus, for one of the business combinations, acquisition-related contingent consideration. The contingent consideration is payable annually through December 31, 2017 if the acquired business meets certain performance measures, and is subject to an $8.0 million aggregate cap.

For acquisitions completed during the six months ended June 30, 2013, as part of the preliminary purchase price allocations, we recorded $9.4 million in identifiable intangible assets and $27.2 million in goodwill. The estimated fair value of the acquisition-related contingent consideration of $8.2 million is recorded in “Other liabilities” on the Consolidated Balance Sheets. Pro forma results of operations were not presented because these acquisitions were not material in relation to our consolidated financial position or results of operations for the periods presented.

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Special Charges

6 Months Ended

Jun. 30, 2013

Special Charges

4. Special Charges

During the year ended December 31, 2012, we recorded special charges totaling $29.6 million, of which $5.0 million was non-cash. The charges reflect actions we took to realign our workforce to address current business demands and global macro-economic conditions impacting our Forensic and Litigation Consulting, Strategic Communications and Technology segments, to address certain targeted practices within our Corporate Finance/Restructuring and Economic Consulting segments, and to reduce excess real estate capacity. These actions included the termination of 116 employees, the consolidation of leased office space within nine office locations and certain other actions.

During the three months ended March 31, 2013, we recorded an adjustment to the special charge recorded in 2012 of approximately $0.4 million, primarily related to the consolidation of office spaces previously vacated. This adjustment reflects changes to sublease terms and associated costs for those locations for which actual subleases have been entered into during the quarter ended March 31, 2013, as well as the impact of updated forecasts of expected sublease income and employee termination costs.

The following table details the special charges by segment for the three months ended June 30, 2012 and six months ended June 30, 2013 and 2012. We did not record any special charges in the three months ended June 30, 2013.

	Three Months Ended June 30,		Six Months Ended June 30,
	2012		2013			2012
Corporate Finance/Restructuring	$	10,561	$	68		$	10,561
Forensic and Litigation Consulting		7,808		173			7,808
Economic Consulting		818		(4	)		818
Technology		2,966		14			2,966
Strategic Communications		4,511		64			4,511
		26,664		315			26,664
Unallocated Corporate		118		112			118
Total	$	26,782	$	427		$	26,782

The total cash outflow associated with the special charges is expected to be $24.7 million, of which $13.1 million has been paid as of June 30, 2013. Approximately, $3.2 million is expected to be paid during the remainder of 2013, $2.7 million is expected to be paid in 2014, $1.2 million is expected to be paid in 2015, $0.8 million is expected to be paid in 2016, and the remaining balance of $3.7 million related to lease costs will be paid from 2017 to 2025. A liability for the current and noncurrent portions of the amounts to be paid is included in “Accounts payable, accrued expenses and other” and “Other liabilities,” respectively, on the Condensed Consolidated Balance Sheets.

Activity related to the liability for these costs for the six months ended June 30, 2013 is as follows:

	Employee Termination Costs			Lease Costs			Total
Balance at December 31, 2012	$	6,696		$	8,517		$	15,213
Additions		(100	)		527			427
Payments		(1,924	)		(1,936	)		(3,860	)
Foreign currency translation adjustment and other		(162	)		—			(162	)
Balance at June 30, 2013	$	4,510		$	7,108		$	11,618

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Condensed Consolidated Statement of Stockholders' Equity (Parenthetical) (USD $) In Thousands, unless otherwise specified	6 Months Ended
	Jun. 30, 2013
Exercise of options, income tax expense	$ 368
Restricted share grants, settled shares	132

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Share-Based Compensation Expense (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total share-based compensation expense	$ 7,266	$ 7,078	$ 17,199	$ 17,381
Direct Cost Of Revenues
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total share-based compensation expense	3,742	3,025	10,699	9,408
Selling, General And Administrative Expense
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total share-based compensation expense	3,524	3,239	6,500	7,159
Special Charges
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total share-based compensation expense		$ 814		$ 814

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Intangible Assets by Major Class (Detail) (USD $) In Thousands, unless otherwise specified	6 Months Ended
	Jun. 30, 2013	Dec. 31, 2012
Goodwill And Other Intangible Assets [Line Items]
Finite lived intangible assets, Gross Carrying Amount	$ 200,400	$ 201,333
Finite lived intangible assets, Accumulated Amortization	104,325	102,752
Intangible assets, Gross Carrying Amount	206,000	206,933
Intangible assets, Accumulated Amortization	104,325	102,752
Customer Relationships
Goodwill And Other Intangible Assets [Line Items]
Finite lived intangible assets, Gross Carrying Amount	155,023	151,990
Finite lived intangible assets, Accumulated Amortization	65,093	64,095
Customer Relationships | Minimum
Goodwill And Other Intangible Assets [Line Items]
Finite lived intangible assets, Useful Life in Years	1 year
Customer Relationships | Maximum
Goodwill And Other Intangible Assets [Line Items]
Finite lived intangible assets, Useful Life in Years	15 years
Non-Competition Agreements
Goodwill And Other Intangible Assets [Line Items]
Finite lived intangible assets, Gross Carrying Amount	10,979	15,184
Finite lived intangible assets, Accumulated Amortization	8,527	11,158
Non-Competition Agreements | Minimum
Goodwill And Other Intangible Assets [Line Items]
Finite lived intangible assets, Useful Life in Years	1 year
Non-Competition Agreements | Maximum
Goodwill And Other Intangible Assets [Line Items]
Finite lived intangible assets, Useful Life in Years	10 years
Software
Goodwill And Other Intangible Assets [Line Items]
Finite lived intangible assets, Gross Carrying Amount	33,948	33,979
Finite lived intangible assets, Accumulated Amortization	30,518	27,424
Software | Minimum
Goodwill And Other Intangible Assets [Line Items]
Finite lived intangible assets, Useful Life in Years	3 years
Software | Maximum
Goodwill And Other Intangible Assets [Line Items]
Finite lived intangible assets, Useful Life in Years	10 years
Tradenames
Goodwill And Other Intangible Assets [Line Items]
Indefinite-lived intangible assets, Useful Life	Indefinite
Indefinite-lived intangible assets, Gross Carrying Amount	5,600	5,600
Finite lived intangible assets, Gross Carrying Amount	450	180
Finite lived intangible assets, Accumulated Amortization	$ 187	$ 75
Tradenames | Minimum
Goodwill And Other Intangible Assets [Line Items]
Finite lived intangible assets, Useful Life in Years	1 year
Tradenames | Maximum
Goodwill And Other Intangible Assets [Line Items]
Finite lived intangible assets, Useful Life in Years	2 years

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Earnings Per Common Share - Additional Information (Detail) (USD $)	3 Months Ended	6 Months Ended
	Jun. 30, 2012	Jun. 30, 2012
Schedule of Earnings Per Share, Basic and Diluted, by Common Class [Line Items]
Conversion price of convertible notes, per share	$ 31.25	$ 31.25
3 3/4% Senior Subordinated Convertible Notes Due 2012
Schedule of Earnings Per Share, Basic and Diluted, by Common Class [Line Items]
Convertible notes maturity date	Jul. 15, 2012	Jul. 15, 2012
Senior subordinated convertible notes, interest percentage	3.75%	3.75%

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Supplemental Condensed Consolidating Guarantor and Non-Guarantor Financial Information Condensed Consolidating Balance Sheet Information (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2013	Dec. 31, 2012	Jun. 30, 2012	Dec. 31, 2011
Assets
Cash and cash equivalents	$ 92,554	$ 156,785	$ 165,981	$ 264,423
Restricted cash		1,190
Accounts receivable, net	480,032	429,240
Other current assets	92,191	87,160
Total current assets	664,777	674,375
Property and equipment, net	65,607	68,192
Goodwill	1,263,166	1,260,035
Other intangible assets, net	101,675	104,181
Other assets	175,656	168,669
Total assets	2,270,881	2,275,452
Liabilities
Other current liabilities	261,778	304,197
Total current liabilities	261,778	304,197
Long-term debt, net	717,000	717,024
Other liabilities	212,536	185,999
Total liabilities	1,191,314	1,207,220
Stockholders' equity	1,079,567	1,068,232
Total liabilities and stockholders' equity	2,270,881	2,275,452
FTI Consulting, Inc.
Assets
Cash and cash equivalents	19,671	66,663	72,077	161,180
Accounts receivable, net	149,013	140,254
Intercompany receivables		7,053
Other current assets	52,287	46,978
Total current assets	220,971	260,948
Property and equipment, net	33,641	37,411
Goodwill	559,519	558,473
Other intangible assets, net	35,754	36,826
Investments in subsidiaries	1,768,811	1,631,243
Other assets	96,327	85,109
Total assets	2,715,023	2,610,010
Liabilities
Intercompany payables	648,931	549,339
Other current liabilities	90,049	118,865
Total current liabilities	738,980	668,204
Long-term debt, net	700,000	700,024
Other liabilities	196,476	173,550
Total liabilities	1,635,456	1,541,778
Stockholders' equity	1,079,567	1,068,232
Total liabilities and stockholders' equity	2,715,023	2,610,010
Guarantor Subsidiaries
Assets
Cash and cash equivalents	308	610	93	197
Accounts receivable, net	186,230	149,253
Intercompany receivables	729,235	674,136
Other current assets	19,289	20,469
Total current assets	935,062	844,468
Property and equipment, net	18,683	16,477
Goodwill	425,864	418,789
Other intangible assets, net	23,797	23,975
Investments in subsidiaries	511,827	502,954
Other assets	62,491	66,170
Total assets	1,977,724	1,872,833
Liabilities
Intercompany payables	67,108	112,137
Other current liabilities	85,967	79,533
Total current liabilities	153,075	191,670
Long-term debt, net	17,000	17,000
Other liabilities	20,690	10,479
Total liabilities	190,765	219,149
Stockholders' equity	1,786,959	1,653,684
Total liabilities and stockholders' equity	1,977,724	1,872,833
Non-Guarantor Subsidiaries
Assets
Cash and cash equivalents	72,575	89,512	93,811	103,046
Restricted cash		1,190
Accounts receivable, net	144,789	139,733
Intercompany receivables		23,185
Other current assets	20,615	19,713
Total current assets	237,979	273,333
Property and equipment, net	13,283	14,304
Goodwill	277,783	282,773
Other intangible assets, net	72,129	74,967
Other assets	27,766	28,318
Total assets	628,940	673,695
Liabilities
Intercompany payables	13,196	42,898
Other current liabilities	85,762	105,799
Total current liabilities	98,958	148,697
Other liabilities	6,298	12,898
Total liabilities	105,256	161,595
Stockholders' equity	523,684	512,100
Total liabilities and stockholders' equity	628,940	673,695
Eliminations
Assets
Intercompany receivables	(729,235)	(704,374)
Total current assets	(729,235)	(704,374)
Other intangible assets, net	(30,005)	(31,587)
Investments in subsidiaries	(2,280,638)	(2,134,197)
Other assets	(10,928)	(10,928)
Total assets	(3,050,806)	(2,881,086)
Liabilities
Intercompany payables	(729,235)	(704,374)
Total current liabilities	(729,235)	(704,374)
Other liabilities	(10,928)	(10,928)
Total liabilities	(740,163)	(715,302)
Stockholders' equity	(2,310,643)	(2,165,784)
Total liabilities and stockholders' equity	$ (3,050,806)	$ (2,881,086)

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Commitments and Contingencies

6 Months Ended

Jun. 30, 2013

Commitments and Contingencies

11. Commitments and Contingencies

Contingencies

We are subject to legal actions arising in the ordinary course of business. In management’s opinion, we believe we have adequate legal defenses and/or insurance coverage with respect to the resolutions of such actions. We do not believe any potential settlement or judgment would materially affect our financial position or results of operations.

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Financial Instruments

6 Months Ended

Jun. 30, 2013

Financial Instruments

7. Financial Instruments

Fair Value of Financial Instruments

We consider the recorded value of certain financial assets and liabilities, which consist primarily of cash equivalents, accounts receivable and accounts payable, to approximate the fair value of the respective assets and liabilities at June 30, 2013 and December 31, 2012, based on the short-term nature of the assets and liabilities. The fair value of our long-term debt at June 30, 2013 was $743.0 million compared to a carrying value of $723.0 million. At December 31, 2012, the fair value of our long-term debt was $762.0 million compared to a carrying value of $723.0 million. We determine the fair value of our long-term debt primarily based on quoted market prices for our 6³/₄% Senior Notes Due 2020 (“2020 Notes”) and 6.0% Senior Notes Due 2022 (“2022 Notes”). The fair value of our long-term debt is classified within Level 2 of the fair value hierarchy, because it is traded in less active markets.

For business combinations consummated on or after January 1, 2009, we estimate the fair value of acquisition-related contingent consideration based on management’s probability-weighted present value of the consideration expected to be transferred during the remainder of the earnout period, based on the acquired operations’ forecasted earnings. This fair value measure is based on significant inputs not observed in the market and thus represents a Level 3 measurement. Fair value measurements characterized within Level 3 of the fair value hierarchy are measured based on unobservable inputs that are supported by little or no market activity and reflect our own assumptions in measuring fair value.

The significant unobservable inputs used in the fair value measurements of our acquisition-related contingent consideration include our measures of the future profitability and related cash flows of the acquired business or assets, impacted by appropriate discount rates. Significant increases (decreases) in any of these inputs in isolation would result in a significantly lower (higher) fair value measurement. Generally, a change in the assumptions used for the discount rates is accompanied by a directionally opposite change in the fair value measurement and a change in the assumptions used for the future cash flows is accompanied by a directionally similar change in the fair value measurement. The fair value of the contingent consideration is reassessed on a quarterly basis by the Company based on a collaborative effort of the Company’s operations, finance and accounting groups using additional information as it becomes available. Any change in the fair value of an acquisition’s contingent consideration liability results in a remeasurement gain or loss that is recorded in the earnings of that period.

Remeasurement gains or losses are recorded as income or expense, respectively and are included within “Acquisition-related contingent consideration” in the Condensed Consolidated Statements of Comprehensive Income (Loss). During the three months ended June 30, 2013, management determined that the fair value of the contingent consideration liability for one of its acquisitions had declined and recorded a remeasurement gain of $8.2 million compared to a gain of $4.1 million for the three and six months ended June 30, 2012.

Accretion expense for acquisition-related contingent consideration totaled $0.8 million and $1.5 million for the three and six months ended June 30, 2013 respectively, and $0.6 million and $1.1 million for the three and six months ended June 30, 2012, respectively.

The following table represents the changes in the acquisition-related contingent consideration liability during the three and six months ended June 30, 2013 and 2012:

	Three Months Ended June 30,						Six Months Ended June 30,
	2013			2012			2013			2012
Beginning balance	$	16,296		$	15,276		$	16,426		$	14,990
Acquisition(1)		5,377			—			4,528			—
Adjustments to fair value recorded in earnings(2)		(7,452	)		(3,541	)		(6,721	)		(2,984	)
Payments		(235	)		(917	)		(235	)		(1,287	)
Elimination of contingency(3)		—			(2,534	)		—			(2,534	)
Unrealized gains (losses) related to currency translation in other comprehensive income		(701	)		(47	)		(713	)		52
Ending balance	$	13,285		$	8,237		$	13,285		$	8,237

⁽¹⁾  Includes adjustments during the purchase price allocation period.

⁽²⁾ Includes adjustments to fair value related to accretion and remeasurement of contingent consideration which are recorded in “Acquisition-related contingent consideration” on the Condensed Consolidated Statements of Comprehensive Income (Loss).

⁽³⁾ During the three months ended June 30, 2012, we fixed an acquisition-related contingent consideration liability in the amount of $2.5 million. The non-contingent consideration liability is no longer required to be remeasured to fair value and, accordingly, is not classified as a Level 3 measurement.

The following table presents financial liabilities measured at fair value:

	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
As of June 30, 2013
Liabilities:
Acquisition-related contingent consideration, including current portion	$	—	$	—	$	13,285	$	13,285
As of December 31, 2012
Liabilities:
Acquisition-related contingent consideration, including current portion	$	—	$	—	$	16,426	$	16,426

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Stockholders' Equity

6 Months Ended

Jun. 30, 2013

Stockholders' Equity

14. Stockholders’ Equity

On June 6, 2012, our Board of Directors authorized a two-year stock repurchase program of up to $250.0 million (the “2012 Repurchase Program”). During the three months ended March 31, 2013, we repurchased and retired 826,800 shares of our common stock for an average price per share of $34.78, with a value equivalent to approximately $28.8 million. No share repurchases were made during the three months ended June 30, 2013. During the year ended December 31, 2012 we repurchased and retired 1,681,029 shares of our common stock for an average price per share of $29.76 with a value equivalent to approximately $50.0 million. As of June 30, 2013, a balance of approximately $171.2 million remained available under the 2012 Repurchase Program.

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Share-Based Compensation

6 Months Ended

Jun. 30, 2013

Share-Based Compensation

12. Share-Based Compensation

Share-based Awards and Share-based Compensation Expense

Our officers, employees, non-employee directors and certain individual service providers are eligible to participate in the Company’s equity compensation plans, subject to the discretion of the administrator of the plans. During the six months ended June 30, 2013, we granted an aggregate of 857,328 share-based awards, consisting primarily of restricted stock awards, restricted stock units and stock options.

Total share-based compensation expense for the three and six months ended June 30, 2013 and 2012 is detailed in the following table:

	Three Months Ended June 30,				Six Months Ended June 30,
Comprehensive Income Statement Classification	2013		2012		2013		2012
Direct cost of revenues	$	3,742	$	3,025	$	10,699	$	9,408
Selling, general and administrative expense		3,524		3,239		6,500		7,159
Special charges		—		814		—		814
Total share-based compensation expense	$	7,266	$	7,078	$	17,199	$	17,381

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Document and Entity Information	6 Months Ended
	Jun. 30, 2013	Aug. 02, 2013
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2013
Document Fiscal Year Focus	2013
Document Fiscal Period Focus	Q2
Trading Symbol	FCN
Entity Registrant Name	FTI CONSULTING INC
Entity Central Index Key	0000887936
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		40,559,669

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Income Taxes

6 Months Ended

Jun. 30, 2013

Income Taxes

13. Income Taxes

During the second quarter of 2013, we determined that certain deferred tax assets associated with U.S. future foreign tax credits no longer met the “more-likely-than-not” test regarding the realization of those assets primarily due to lower forecasted foreign earnings. Accordingly, the Company increased the valuation allowance against its U.S. future foreign tax credit assets, resulting in a discrete adjustment to the income tax provision in the amount of $6.9 million. As of June 30, 2013 and December 31, 2012, valuation allowances of $9.4 million and $1.9 million, respectively, were recorded against the Company’s net deferred tax assets. We have not established a valuation allowance for any of our other deferred tax assets as we expect that future taxable income as well as the reversal of temporary differences will enable us to fully utilize our deferred tax assets.

As of June 30, 2013, all of the Company’s undistributed non-U.S. subsidiary earnings are considered permanently invested. Accordingly, as of June 30, 2013, we have not provided for deferred taxes on $15.7 million of the undistributed non-U.S. subsidiary earnings. A deferred tax liability will be recognized if and when the Company is no longer able to demonstrate that it plans to permanently reinvest undistributed earnings. If these earnings were repatriated, the Company would be subject to U.S. income taxes. The amount of the unrecognized deferred U.S. income tax liability associated with the indefinitely reinvested undistributed earnings is estimated to be approximately $5.5 million as of June 30, 2013.

Our liability for uncertain tax positions was $2.3 million and $3.8 million at June 30, 2013 and December 31, 2012, respectively. During the first quarter of 2013, the Company effectively settled certain prior year tax matters. As a result, the Company reversed approximately $2.2 million of its liability for uncertain tax positions.

The Company has estimated its annual effective tax rate for the full fiscal year 2013 and applied that rate to its income before income taxes in determining its provision for income taxes for the three and six months ended June 30, 2013. The Company also records discrete items in each respective period as appropriate. For the three months ended June 30, 2013, the Company recorded net discrete adjustments of $7.1 million to the income tax provision that resulted in an effective tax rate of 49.8%, as compared to an effective tax rate of 31.3% for the three months ended June 30, 2012. Excluding the impact of this item, the Company’s effective tax rate would have been 34.6%. For the six months ended June 30, 2013, the Company recorded net discrete adjustments of $4.6 million to the income tax provision that resulted in an effective tax rate of 41.3%, as compared to an effective tax rate of 35.0% for the six months ended June 30, 2012. Excluding the impact of these items, the Company’s effective tax rate would have been 35.6%.

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Supplemental Condensed Consolidating Guarantor and Non-Guarantor Financial Information (Condensed Consolidating Statement Of Comprehensive Income (Loss)) (Parenthetical) (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Foreign currency translation adjustments, tax expense (benefit)	$ 0	$ 0	$ 0	$ 0

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Supplemental Condensed Consolidating Guarantor and Non-Guarantor Financial Information (Condensed Consolidating Statement Of Comprehensive Income (Loss)) (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended			6 Months Ended		12 Months Ended
	Jun. 30, 2013	Mar. 31, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012	Dec. 31, 2012
Revenues	$ 414,613		$ 396,243	$ 821,791	$ 791,471
Operating expenses
Direct cost of revenues	259,528		248,220	518,008	493,838
Selling, general and administrative expense	96,325		92,460	192,972	195,049
Special charges		400	26,782	427	26,782	29,600
Acquisition-related contingent consideration	(7,452)		(3,541)	(6,721)	(2,984)
Amortization of other intangible assets	5,953		5,490	11,517	11,007
Operating income	60,259		26,832	105,588	67,779
Other (expense) income	(13,458)		(15,558)	(25,236)	(27,480)
Income (loss) before income tax provision	46,801		11,274	80,352	40,299
Income tax (benefit) provision	23,315		3,527	33,186	14,121
Net income	23,486		7,747	47,166	26,178
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments, net	(11,714)		(10,960)	(27,223)	1,889
Other comprehensive income (loss), net of tax	(11,714)		(10,960)	(27,223)	1,889
Comprehensive income	11,772		(3,213)	19,943	28,067
FTI Consulting, Inc.
Revenues	144,390		151,442	295,350	305,023
Operating expenses
Direct cost of revenues	92,781		96,450	193,618	197,625
Selling, general and administrative expense	38,575		39,041	81,471	86,435
Special charges			16,731	323	16,731
Acquisition-related contingent consideration	92			179
Amortization of other intangible assets	1,095		1,297	2,322	2,600
Operating income	11,847		(2,077)	17,437	1,632
Other (expense) income	(16,773)		(17,469)	(31,713)	(30,456)
Income (loss) before income tax provision	(4,926)		(19,546)	(14,276)	(28,824)
Income tax (benefit) provision	(4,290)		(9,666)	(7,221)	(28,380)
Equity in net earnings of subsidiaries	24,122		17,627	54,221	26,622
Net income	23,486		7,747	47,166	26,178
Other comprehensive income (loss), net of tax:
Comprehensive income	23,486		7,747	47,166	26,178
Guarantor Subsidiaries
Revenues	254,394		241,033	501,055	482,749
Operating expenses
Direct cost of revenues	192,526		180,788	379,873	362,737
Selling, general and administrative expense	28,614		28,507	56,590	57,559
Special charges			4,287	104	4,287
Acquisition-related contingent consideration	195			195
Amortization of other intangible assets	2,501		2,473	4,948	4,950
Operating income	30,558		24,978	59,345	53,216
Other (expense) income	202		(195)	531	35,987
Income (loss) before income tax provision	30,760		24,783	59,876	89,203
Income tax (benefit) provision	24,090		12,910	34,062	40,724
Equity in net earnings of subsidiaries	15,679		5,741	24,114	13,383
Net income	22,349		17,614	49,928	61,862
Other comprehensive income (loss), net of tax:
Comprehensive income	22,349		17,614	49,928	61,862
Non-Guarantor Subsidiaries
Revenues	113,565		101,451	221,561	203,509
Operating expenses
Direct cost of revenues	70,725		66,080	138,698	128,999
Selling, general and administrative expense	30,367		27,497	56,905	55,342
Special charges			5,764		5,764
Acquisition-related contingent consideration	(7,739)		(3,541)	(7,095)	(2,984)
Amortization of other intangible assets	3,146		2,541	5,829	5,097
Operating income	17,066		3,110	27,224	11,291
Other (expense) income	3,113		2,106	5,946	1,874
Income (loss) before income tax provision	20,179		5,216	33,170	13,165
Income tax (benefit) provision	3,515		283	6,345	1,777
Net income	16,664		4,933	26,825	11,388
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments, net	(11,714)		(10,960)	(27,223)	1,889
Other comprehensive income (loss), net of tax	(11,714)		(10,960)	(27,223)	1,889
Comprehensive income	4,950		(6,027)	(398)	13,277
Eliminations
Revenues	(97,736)		(97,683)	(196,175)	(199,810)
Operating expenses
Direct cost of revenues	(96,504)		(95,098)	(194,181)	(195,523)
Selling, general and administrative expense	(1,231)		(2,585)	(1,994)	(4,287)
Amortization of other intangible assets	(789)		(821)	(1,582)	(1,640)
Operating income	788		821	1,582	1,640
Other (expense) income					(34,885)
Income (loss) before income tax provision	788		821	1,582	(33,245)
Equity in net earnings of subsidiaries	(39,801)		(23,368)	(78,335)	(40,005)
Net income	(39,013)		(22,547)	(76,753)	(73,250)
Other comprehensive income (loss), net of tax:
Comprehensive income	$ (39,013)		$ (22,547)	$ (76,753)	$ (73,250)