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Segment Information (Tables)

3 Months Ended

Mar. 31, 2024

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

						Three Months Ended March 31,
						2024						2023
Revenue before reimbursements (net revenue)						$	265,197					$	239,317
Net income						14,032						15,586
Interest, net						(4,086)						(3,249)
Other, net						(2,571)						(1,809)
Provision for income taxes						8,899						7,243
Operating income						16,274						17,771
Adjustments
Depreciation						2,493						2,004
Intangible amortization						2,297						1,869
Earnout accretion						466						191
Acquisition contingent consideration						1,988						1,659
Deferred compensation plan						2,350						2,133
Total adjustments						9,594						7,856
Adjusted EBITDA						$	25,868					$	25,627
Adjusted EBITDA margin						9.8		%				10.7		%

Revenue and Adjusted EBITDA by segment are as follows:

						Three Months Ended March 31,
						2024						2023
Revenue
Executive Search
Americas						$	136,679					$	127,327
Europe						41,481						38,931
Asia Pacific						23,321						24,229
Total Executive Search						201,481						190,487
On-Demand Talent						37,857						31,117
Heidrick Consulting						25,859						17,713
Revenue before reimbursements (net revenue)						265,197						239,317
Reimbursements						3,901						2,802
Total revenue						$	269,098					$	242,119

						Three Months Ended March 31,
						2024						2023
Adjusted EBITDA
Executive Search
Americas						$	41,871					$	42,124
Europe						3,353						2,081
Asia Pacific						3,195						3,567
Total Executive Search						48,419						47,772
On-Demand Talent						(921)						(1,347)
Heidrick Consulting						(2,027)						(2,795)
Total segment operating income						45,471						43,630
Research and Development						(4,925)						(5,251)
Global Operations Support						(14,678)						(12,752)
Total Adjusted EBITDA						$	25,868					$	25,627

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-25

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-30

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- References

No definition available.

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