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

3 Months Ended

Mar. 31, 2017

Condensed Consolidating Balance Sheet as of March 31, 2017

	FTI		Guarantor		Non-Guarantor
	Consulting		Subsidiaries		Subsidiaries		Eliminations			Consolidated
Assets
Cash and cash equivalents	$	18,371	$	157	$	102,431	$	—		$	120,959
Accounts receivable, net		150,859		195,389		179,932		—			526,180
Intercompany receivables		—		1,012,679		52,036		(1,064,715	)		—
Other current assets		39,235		24,973		25,789		—			89,997
Total current assets		208,465		1,233,198		360,188		(1,064,715	)		737,136
Property and equipment, net		23,956		13,249		22,269		—			59,474
Goodwill		558,978		416,053		208,596		—			1,183,627
Other intangible assets, net		21,058		12,852		33,223		(17,238	)		49,895
Investments in subsidiaries		2,105,159		507,788		—		(2,612,947	)		—
Other assets		39,316		63,396		39,718		—			142,430
Total assets	$	2,956,932	$	2,246,536	$	663,994	$	(3,694,900	)	$	2,172,562
Liabilities
Intercompany payables	$	1,064,715	$	—	$	—	$	(1,064,715	)	$	—
Other current liabilities		79,899		118,884		94,545	—				293,328
Total current liabilities		1,144,614		118,884		94,545		(1,064,715	)		293,328
Long-term debt, net		402,717		—		—		—			402,717
Other liabilities		213,072		17,503		49,413		—			279,988
Total liabilities		1,760,403		136,387		143,958		(1,064,715	)		976,033
Stockholders' equity		1,196,529		2,110,149		520,036		(2,630,185	)		1,196,529
Total liabilities and stockholders' equity	$	2,956,932	$	2,246,536	$	663,994	$	(3,694,900	)	$	2,172,562

Condensed Consolidating Balance Sheet as of December 31, 2016

	FTI		Guarantor		Non-Guarantor
	Consulting		Subsidiaries		Subsidiaries		Eliminations			Consolidated
Assets
Cash and cash equivalents	$	47,420	$	156	$	168,582	$	—		$	216,158
Accounts receivable, net		137,523		163,820		173,554		—			474,897
Intercompany receivables		—		1,029,800		—		(1,029,800	)		—
Other current assets		44,708		24,944		22,464		—			92,116
Total current assets		229,651		1,218,720		364,600		(1,029,800	)		783,171
Property and equipment, net		25,466		14,118		22,272		—			61,856
Goodwill		558,978		416,053		204,970		—			1,180,001
Other intangible assets, net		21,959		13,393		34,725		(17,957	)		52,120
Investments in subsidiaries		2,065,819		490,634		—		(2,556,453	)		—
Other assets		47,308		65,398		35,514		—			148,220
Total assets	$	2,949,181	$	2,218,316	$	662,081	$	(3,604,210	)	$	2,225,368
Liabilities
Intercompany payables	$	1,027,050	$	—	$	2,750	$	(1,029,800	)	$	—
Other current liabilities		137,710		129,810		110,935		—			378,455
Total current liabilities		1,164,760		129,810		113,685		(1,029,800	)		378,455
Long-term debt, net		365,528		—		—		—			365,528
Other liabilities		211,535		16,411		46,081		—			274,027
Total liabilities		1,741,823		146,221		159,766		(1,029,800	)		1,018,010
Stockholders' equity		1,207,358		2,072,095		502,315		(2,574,410	)		1,207,358
Total liabilities and stockholders' equity	$	2,949,181	$	2,218,316	$	662,081	$	(3,604,210	)	$	2,225,368

Condensed Consolidating Statement of Comprehensive Income for the Three Months Ended March 31, 2017

	FTI			Guarantor			Non-Guarantor
	Consulting			Subsidiaries			Subsidiaries		Eliminations			Consolidated
Revenues	$	151,807		$	171,026		$	126,103	$	(2,592	)	$	446,344
Operating expenses
Direct cost of revenues		111,258			117,786			82,561		(2,533	)		309,072
Selling, general and administrative expenses		45,798			30,984			30,572		(59	)		107,295
Special charges		—			—			—		—			—
Acquisition-related contingent consideration		—			395			—		—			395
Amortization of other intangible assets		902			540			1,770		(719	)		2,493
		157,958			149,705			114,903		(3,311	)		419,255
Operating income		(6,151	)		21,321			11,200		719			27,089
Other (expense) income		(5,252	)		(427	)		483		—			(5,196	)
Income (loss) before income tax provision		(11,403	)		20,894			11,683		719			21,893
Income tax (benefit) provision		(5,583	)		10,918			2,542		—			7,877
Equity in net earnings of subsidiaries		19,836			8,573			—		(28,409	)		—
Net income	$	14,016		$	18,549		$	9,141	$	(27,690	)	$	14,016
Other comprehensive income, net of tax:
Foreign currency translation adjustments, net of tax expense of $0		—			—			7,370		—			7,370
Other comprehensive income, net of tax		—			—			7,370		—			7,370
Comprehensive income	$	14,016		$	18,549		$	16,511	$	(27,690	)	$	21,386

Condensed Consolidating Statement of Comprehensive Income for the Three Months Ended March 31, 2016

	FTI			Guarantor			Non-Guarantor
	Consulting			Subsidiaries			Subsidiaries			Eliminations			Consolidated
Revenues	$	182,994		$	162,563		$	127,066		$	(2,338	)	$	470,285
Operating expenses
Direct cost of revenues		114,429			109,190			84,315			(2,298	)		305,636
Selling, general and administrative expenses		44,667			30,721			28,261			(40	)		103,609
Special charges		—			4,563			498			—			5,061
Acquisition-related contingent consideration		6			1,128			—			—			1,134
Amortization of other intangible assets		986			558			1,879			(817	)		2,606
		160,088			146,160			114,953			(3,155	)		418,046
Operating income		22,906			16,403			12,113			817			52,239
Other (expense) income		(5,077	)		(710	)		2,115			—			(3,672	)
Income before income tax provision		17,829			15,693			14,228			817			48,567
Income tax provision		8,149			6,859			3,378			—			18,386
Equity in net earnings of subsidiaries		20,501			9,882			—			(30,383	)		—
Net income	$	30,181		$	18,716		$	10,850		$	(29,566	)	$	30,181
Other comprehensive loss, net of tax:
Foreign currency translation adjustments, net of tax expense of $0	$	—		$	—		$	(358	)	$	—		$	(358	)
Other comprehensive loss, net of tax		—			—			(358	)		—			(358	)
Comprehensive income	$	30,181		$	18,716		$	10,492		$	(29,566	)	$	29,823

Condensed Consolidating Statement of Cash Flows for the Three Months Ended March 31, 2017

	FTI			Guarantor			Non-Guarantor
	Consulting			Subsidiaries			Subsidiaries			Consolidated
Operating activities
Net cash used in operating activities	$	(64,127	)	$	(14,723	)	$	(14,237	)	$	(93,087	)
Investing activities
Payments for acquisition of businesses, net of cash received		—			—			—			—
Purchases of property and equipment		(1,985	)		(2,396	)		(1,450	)		(5,831	)
Other		127			—			—			127
Net cash used in investing activities		(1,858	)		(2,396	)		(1,450	)		(5,704	)
Financing activities
Borrowings under revolving line of credit, net		37,000			—			—			37,000
Deposits		—			—			3,069			3,069
Purchase and retirement of common stock		(36,918	)		—			—			(36,918	)
Net issuance of common stock under equity compensation plans		(812	)		—			—			(812	)
Other		—			—			—			—
Intercompany transfers		37,666			17,120			(54,786	)		—
Net cash provided by (used in) financing activities		36,936			17,120			(51,717	)		2,339
Effects of exchange rate changes on cash and cash equivalents		—			—			1,253			1,253
Net (decrease) increase in cash and cash equivalents		(29,049	)		1			(66,151	)		(95,199	)
Cash and cash equivalents, beginning of year		47,420			156			168,582			216,158
Cash and cash equivalents, end of year	$	18,371		$	157		$	102,431		$	120,959

Condensed Consolidating Statement of Cash Flows for the Three Months Ended March 31, 2016

	FTI			Guarantor			Non-Guarantor
	Consulting			Subsidiaries			Subsidiaries			Consolidated
Operating activities
Net cash used in operating activities	$	(7,700	)	$	(8,956	)	$	(16,443	)	$	(33,099	)
Investing activities
Purchases of property and equipment		(788	)		(3,945	)		(1,629	)		(6,362	)
Other		34			—			—			34
Net cash used in investing activities		(754	)		(3,945	)		(1,629	)		(6,328	)
Financing activities
Borrowings under revolving line of credit, net		7,000			—			—			7,000
Deposits		—			—			2,590			2,590
Purchase and retirement of common stock		(2,903	)		—			—			(2,903	)
Net issuance of common stock under equity compensation plans		(1,371	)		—			—			(1,371	)
Other		(135	)		—			—			(135	)
Intercompany transfers		(15,356	)		12,899			2,457			—
Net cash (used in) provided by financing activities		(12,765	)		12,899			5,047			5,181
Effects of exchange rate changes on cash and cash equivalents		—			—			(1,063	)		(1,063	)
Net decrease in cash and cash equivalents		(21,219	)		(2	)		(14,088	)		(35,309	)
Cash and cash equivalents, beginning of year		35,211			165			114,384			149,760
Cash and cash equivalents, end of year	$	13,992		$	163		$	100,296		$	114,451