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Segment Information (Tables)

6 Months Ended

Jun. 30, 2024

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

						Three Months Ended June 30,												Six Months Ended June 30,
						2024						2023						2024						2023
Revenue before reimbursements (net revenue)						$	278,626					$	271,225					$	543,823					$	510,542
Net income (loss)						(5,157)						8,982						8,875						24,568
Interest, net						(2,612)						(1,913)						(6,698)						(5,162)
Other, net						(997)						(1,377)						(3,568)						(3,186)
Provision for income taxes						4,583						7,893						13,482						15,136
Operating income (loss)						(4,183)						13,585						12,091						31,356
Adjustments
Depreciation						1,990						2,172						4,483						4,176
Intangible amortization						1,920						2,647						4,217						4,516
Earnout accretion						469						451						935						642
Earnout fair value adjustments						1,211						—						1,211						—
Acquisition contingent consideration						3,285						3,784						5,273						5,443
Deferred compensation plan						956						1,603						3,306						3,736
Reorganization costs						—						3,396						—						3,396
Impairment charges						16,224						7,246						16,224						7,246
Restructuring charges						6,939						—						6,939						—
Total adjustments						32,994						21,299						42,588						29,155
Adjusted EBITDA						$	28,811					$	34,884					$	54,679					$	60,511
Adjusted EBITDA margin						10.3		%				12.9		%				10.1		%				11.9		%

Revenue and Adjusted EBITDA by segment are as follows:

						Three Months Ended June 30,												Six Months Ended June 30,
						2024						2023						2024						2023
Revenue
Executive Search
Americas						$	147,078					$	138,563					$	283,757					$	265,890
Europe						40,082						45,567						81,563						84,498
Asia Pacific						22,807						22,649						46,128						46,878
Total Executive Search						209,967						206,779						411,448						397,266
On-Demand Talent						41,895						39,240						79,752						70,357
Heidrick Consulting						26,764						25,206						52,623						42,919
Revenue before reimbursements (net revenue)						278,626						271,225						543,823						510,542
Reimbursements						4,251						2,552						8,152						5,354
Total revenue						$	282,877					$	273,777					$	551,975					$	515,896

						Three Months Ended June 30,												Six Months Ended June 30,
						2024						2023						2024						2023
Adjusted EBITDA
Executive Search
Americas						$	48,112					$	46,079					$	89,983					$	88,203
Europe						2,840						5,456						6,193						7,537
Asia Pacific						1,740						1,630						4,935						5,197
Total Executive Search						52,692						53,165						101,111						100,937
On-Demand Talent						(1,629)						2,587						(2,550)						1,240
Heidrick Consulting						(1,395)						(1,662)						(3,422)						(4,457)
Total segment operating income						49,668						54,090						95,139						97,720
Research and Development						(4,781)						(5,218)						(9,706)						(10,469)
Global Operations Support						(16,076)						(13,988)						(30,754)						(26,740)
Total Adjusted EBITDA						$	28,811					$	34,884					$	54,679					$	60,511

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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 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: 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 3: 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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