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Segment Reporting (Tables)
3 Months Ended
Mar. 31, 2017
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 March 31,

 

 

 

2017

 

 

2016

 

Revenues

 

 

 

 

 

 

 

 

Corporate Finance & Restructuring

 

$

105,901

 

 

$

127,156

 

Forensic and Litigation Consulting

 

 

111,406

 

 

 

119,004

 

Economic Consulting

 

 

139,221

 

 

 

130,731

 

Technology

 

 

46,087

 

 

 

48,281

 

Strategic Communications

 

 

43,729

 

 

 

45,113

 

Total revenues

 

$

446,344

 

 

$

470,285

 

Adjusted Segment EBITDA

 

 

 

 

 

 

 

 

Corporate Finance & Restructuring

 

$

10,325

 

 

$

31,603

 

Forensic and Litigation Consulting

 

 

13,521

 

 

 

19,808

 

Economic Consulting

 

 

20,110

 

 

 

21,319

 

Technology

 

 

7,804

 

 

 

7,823

 

Strategic Communications

 

 

4,257

 

 

 

6,108

 

Total Adjusted Segment EBITDA

 

$

56,017

 

 

$

86,661

 

 

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

The table below reconciles Net income to Total Adjusted Segment EBITDA:

 

 

 

Three Months Ended March 31,

 

 

 

2017

 

 

2016

 

Net income

 

$

14,016

 

 

$

30,181

 

Add back:

 

 

 

 

 

 

 

 

Income tax provision

 

 

7,877

 

 

 

18,386

 

Interest income and other

 

 

(605

)

 

 

(2,557

)

Interest expense

 

 

5,801

 

 

 

6,229

 

Unallocated corporate expenses

 

 

19,053

 

 

 

18,746

 

Segment depreciation expense

 

 

7,216

 

 

 

7,029

 

Amortization of intangible assets

 

 

2,493

 

 

 

2,606

 

Segment special charges

 

 

 

 

 

5,061

 

Remeasurement of acquisition-related contingent consideration

 

 

166

 

 

 

980

 

Total Adjusted Segment EBITDA

 

$

56,017

 

 

$

86,661