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Segment Reporting (Tables)
9 Months Ended
Sep. 30, 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 September 30,

 

 

Nine Months Ended September 30,

 

 

 

2017

 

 

2016

 

 

2017

 

 

2016

 

Revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate Finance & Restructuring

 

$

128,121

 

 

$

110,617

 

 

$

351,509

 

 

$

369,915

 

Forensic and Litigation Consulting

 

 

118,639

 

 

 

115,045

 

 

 

341,455

 

 

 

352,242

 

Economic Consulting

 

 

111,753

 

 

 

122,480

 

 

 

374,978

 

 

 

371,217

 

Technology

 

 

42,282

 

 

 

44,072

 

 

 

133,935

 

 

 

134,235

 

Strategic Communications

 

 

48,167

 

 

 

45,828

 

 

 

138,144

 

 

 

140,865

 

Total revenues

 

$

448,962

 

 

$

438,042

 

 

$

1,340,021

 

 

$

1,368,474

 

Adjusted Segment EBITDA

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate Finance & Restructuring

 

$

26,734

 

 

$

17,762

 

 

$

57,107

 

 

$

81,406

 

Forensic and Litigation Consulting

 

 

22,539

 

 

 

16,554

 

 

 

49,092

 

 

 

51,552

 

Economic Consulting

 

 

12,061

 

 

 

18,354

 

 

 

47,680

 

 

 

55,054

 

Technology

 

 

5,973

 

 

 

7,398

 

 

 

19,198

 

 

 

20,256

 

Strategic Communications

 

 

8,073

 

 

 

7,509

 

 

 

17,206

 

 

 

22,057

 

Total Adjusted Segment EBITDA

 

$

75,380

 

 

$

67,577

 

 

$

190,283

 

 

$

230,325

 

 

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 September 30,

 

 

Nine Months Ended September 30,

 

 

 

2017

 

 

2016

 

 

2017

 

 

2016

 

Net income

 

$

32,214

 

 

$

21,691

 

 

$

41,074

 

 

$

78,419

 

Add back:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income tax provision

 

 

9,197

 

 

 

10,292

 

 

 

17,601

 

 

 

44,115

 

Interest income and other

 

 

(1,103

)

 

 

(3,213

)

 

 

(3,300

)

 

 

(9,895

)

Interest expense

 

 

6,760

 

 

 

6,304

 

 

 

18,811

 

 

 

18,836

 

Unallocated corporate expenses(1)

 

 

18,827

 

 

 

21,738

 

 

 

60,166

 

 

 

60,890

 

Segment depreciation expense

 

 

6,603

 

 

 

7,920

 

 

 

20,602

 

 

 

22,128

 

Amortization of intangible assets

 

 

2,882

 

 

 

2,845

 

 

 

7,797

 

 

 

8,041

 

Segment special charges

 

 

 

 

 

 

 

 

26,830

 

 

 

6,811

 

Remeasurement of acquisition-related contingent

   consideration

 

 

 

 

 

 

 

 

702

 

 

 

980

 

Total Adjusted Segment EBITDA

 

$

75,380

 

 

$

67,577

 

 

$

190,283

 

 

$

230,325

 

 

(1)

Includes $3.2 million special charges for corporate for the nine months ended September 30, 2017.