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Segment Reporting (Tables)
6 Months Ended
Jun. 30, 2016
Segment Reporting [Abstract]  
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:

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2016

 

 

2015

 

 

2016

 

 

2015

 

Revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate Finance & Restructuring

 

$

132,142

 

 

$

109,113

 

 

$

259,298

 

 

$

215,325

 

Forensic and Litigation Consulting

 

 

118,193

 

 

 

126,131

 

 

 

237,197

 

 

 

249,396

 

Economic Consulting

 

 

118,006

 

 

 

108,698

 

 

 

248,737

 

 

 

214,779

 

Technology

 

 

41,882

 

 

 

61,826

 

 

 

90,163

 

 

 

116,480

 

Strategic Communications

 

 

49,924

 

 

 

43,369

 

 

 

95,037

 

 

 

85,495

 

Total revenues

 

$

460,147

 

 

$

449,137

 

 

$

930,432

 

 

$

881,475

 

Adjusted Segment EBITDA

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate Finance & Restructuring

 

$

32,041

 

 

$

22,032

 

 

$

63,644

 

 

$

44,512

 

Forensic and Litigation Consulting

 

 

15,190

 

 

 

19,979

 

 

 

34,998

 

 

 

42,050

 

Economic Consulting

 

 

15,381

 

 

 

15,292

 

 

 

36,700

 

 

 

26,848

 

Technology

 

 

5,035

 

 

 

12,166

 

 

 

12,858

 

 

 

22,239

 

Strategic Communications

 

 

8,440

 

 

 

5,631

 

 

 

14,548

 

 

 

11,383

 

Total Adjusted Segment EBITDA

 

$

76,087

 

 

$

75,100

 

 

$

162,748

 

 

$

147,032

 

 

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

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

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2016

 

 

2015

 

 

2016

 

 

2015

 

Total Adjusted Segment EBITDA

 

$

76,087

 

 

$

75,100

 

 

$

162,748

 

 

$

147,032

 

Segment depreciation expense

 

 

(7,179

)

 

 

(6,513

)

 

 

(14,208

)

 

 

(13,504

)

Amortization of intangible assets

 

 

(2,590

)

 

 

(3,007

)

 

 

(5,196

)

 

 

(6,019

)

Special charges

 

 

(1,750

)

 

 

 

 

 

(6,811

)

 

 

 

Unallocated corporate expenses, excluding special charges

 

 

(20,406

)

 

 

(20,101

)

 

 

(39,152

)

 

 

(34,182

)

Interest income and other

 

 

4,125

 

 

 

950

 

 

 

6,682

 

 

 

813

 

Interest expense

 

 

(6,303

)

 

 

(12,473

)

 

 

(12,532

)

 

 

(24,841

)

Remeasurement of acquisition-related contingent

   consideration

 

 

 

 

 

1,675

 

 

 

(980

)

 

 

1,675

 

Income before income tax provision

 

$

41,984

 

 

$

35,631

 

 

$

90,551

 

 

$

70,974