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

12 Months Ended

Dec. 31, 2012

Condensed Consolidating Balance Sheet Information

Condensed Consolidating Balance Sheet Information as of December 31, 2012


	FTI Consulting, Inc.		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Consolidated
Assets
Cash and cash equivalents	$	66,663	$	610	$	89,512	$	—		$	156,785
Restricted cash		—		—		1,190		—			1,190
Accounts receivable, net		140,254		149,253		139,733		—			429,240
Intercompany receivables		7,053		674,136		23,185		(704,374	)		—
Other current assets		46,978		20,469		19,713		—			87,160

Total current assets		260,948		844,468		273,333		(704,374	)		674,375
Property and equipment, net		37,411		16,477		14,304		—			68,192
Goodwill		558,473		418,789		282,773		—			1,260,035
Other intangible assets, net		36,826		23,975		74,967		(31,587	)		104,181
Investments in subsidiaries		1,631,243		502,954		—		(2,134,197	)		—
Other assets		85,109		66,170		28,318		(10,928	)		168,669

Total assets	$	2,610,010	$	1,872,833	$	673,695	$	(2,881,086	)	$	2,275,452

Liabilities
Intercompany payables	$	549,339	$	112,137	$	42,898	$	(704,374	)	$	—
Other current liabilities		118,865		79,533		105,799		—			304,197

Total current liabilities		668,204		191,670		148,697		(704,374	)		304,197
Long-term debt, net		700,024		17,000		—		—			717,024
Other liabilities		173,550		10,479		12,898		(10,928	)		185,999

Total liabilities		1,541,778		219,149		161,595		(715,302	)		1,207,220
Stockholders’ equity		1,068,232		1,653,684		512,100		(2,165,784	)		1,068,232

Total liabilities and stockholders’ equity	$	2,610,010	$	1,872,833	$	673,695	$	(2,881,086	)	$	2,275,452

Condensed Consolidating Balance Sheet Information as of December 31, 2011


	FTI Consulting, Inc.		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Consolidated
Assets
Cash and cash equivalents	$	161,180	$	197	$	103,046	$	—		$	264,423
Restricted cash		8,632		—		1,581		—			10,213
Accounts receivable, net		148,698		165,871		114,533		—			429,102
Intercompany receivables		—		557,846		59,857		(617,703	)		—
Other current assets		22,599		15,694		28,923		—			67,216

Total current assets		341,109		739,608		307,940		(617,703	)		770,954
Property and equipment, net		44,233		14,240		15,975		—			74,448
Goodwill		547,667		439,068		322,623		—			1,309,358
Other intangible assets, net		38,913		34,692		45,284		—			118,889
Investments in subsidiaries		1,538,883		532,091		—		(2,070,974	)		—
Other assets		70,551		48,529		18,355		—			137,435

Total assets	$	2,581,356	$	1,808,228	$	710,177	$	(2,688,677	)	$	2,411,084

Liabilities
Intercompany payables	$	433,284	$	93,947	$	90,472	$	(617,703	)	$	—
Other current liabilities		316,559		109,651		71,627		—			497,837

Total current liabilities		749,843		203,598		162,099		(617,703	)		497,837
Long-term debt, net		620,579		23,000		—		—			643,579
Other liabilities		104,732		43,297		15,437		—			163,466

Total liabilities		1,475,154		269,895		177,536		(617,703	)		1,304,882
Stockholders’ equity		1,106,202		1,538,333		532,641		(2,070,974	)		1,106,202

Total liabilities and stockholders’ equity	$	2,581,356	$	1,808,228	$	710,177	$	(2,688,677	)	$	2,411,084

Condensed Consolidating Statement of Comprehensive Income (Loss)

Condensed Consolidating Statement of Comprehensive Income (Loss) for the Year Ended

December 31, 2012


	FTI Consulting, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Revenues	$	602,917		$	949,545		$	413,739		$	(389,330	)	$	1,576,871
Operating expenses
Direct cost of revenues		389,619			713,305			261,936			(384,328	)		980,532
Selling, general and administrative expense		160,919			112,697			109,402			(5,002	)		378,016
Special charges		19,026			4,738			5,793			—			29,557
Acquisition-related contingent consideration		91			—			(3,155	)		—			(3,064	)
Amortization of other intangible assets		5,611			9,927			10,167			(3,298	)		22,407
Goodwill impairment charge		—			37,987			72,400			—			110,387

		575,266			878,654			456,543			(392,628	)		1,517,835

Operating income (loss)		27,651			70,891			(42,804	)		3,298			59,036
Other (expense) income		(65,698	)		42,424			2,237			(34,885	)		(55,922	)

Income before (loss) before income tax provision		(38,047	)		113,315			(40,567	)		(31,587	)		3,114

Income tax (benefit) provision		1,698			(47,623	)		5,825			—			(40,100	)
Equity in net earnings of subsidiaries		(637	)		(30,438	)		—			31,075			—

Net income (loss)	$	(36,986	)	$	35,254		$	(34,742	)	$	(512	)	$	(36,986	)

Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments including tax expense of $654		(654	)		—			15,677			—			15,023

Other comprehensive income (loss), net of tax:		(654	)		—			15,677			—			15,023

Comprehensive income (loss)	$	(37,640	)	$	35,254		$	(19,065	)	$	(512	)	$	(21,963	)

Condensed Consolidating Statement of Comprehensive Income for the Year Ended December 31, 2011


	FTI Consulting, Inc.			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations			Consolidated
Revenues	$	584,833		$	1,000,419	$	384,779		$	(403,263	)	$	1,566,768
Operating expenses
Direct cost of revenues		380,479			718,826		249,126			(391,523	)		956,908
Selling, general and administrative expense		160,336			123,488		101,211			(11,740	)		373,295
Special charges		8,561			228		6,423			—			15,212
Acquisition-related contingent consideration		—			—		(6,465	)		—			(6,465	)
Amortization of other intangible assets		3,713			12,103		6,555			—			22,371

		553,089			854,645		356,850			(403,263	)		1,361,321

Operating income		31,744			145,774		27,929			—			205,447
Other (expense) income		(53,649	)		1,195		134			—			(52,320	)

Income before (loss) before income tax provision		(21,905	)		146,969		28,063			—			153,127

Income tax (benefit) provision		(12,776	)		61,091		909			—			49,224
Equity in net earnings of subsidiaries		113,032			25,310		—			(138,342	)		—

Net income	$	103,903		$	111,188	$	27,154		$	(138,342	)	$	103,903

Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments including tax benefit of $1,568		1,568			—		(4,470	)		—			(2,902	)

Other comprehensive income (loss), net of tax:		1,568			—		(4,470	)		—			(2,902	)

Comprehensive income	$	105,471		$	111,188	$	22,684		$	(138,342	)	$	101,001

Condensed Consolidating Statement of Comprehensive Income for the Year Ended December 31, 2010


	FTI Consulting, Inc.			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations			Consolidated
Revenues	$	517,053		$	1,208,607	$	301,310		$	(625,509	)	$	1,401,461
Operating expenses
Direct cost of revenues		310,070			938,332		199,321			(622,124	)		825,599
Selling, general and administrative expense		147,526			128,265		68,833			(3,385	)		341,239
Special charges		16,842			32,754		1,535			—			51,131
Acquisition-related contingent consideration		—			—		1,190			—			1,190
Amortization of other intangible assets		2,558			15,752		5,600			—			23,910

		476,996			1,115,103		276,479			(625,509	)		1,243,069

Operating income		40,057			93,504		24,831			—			158,392
Other (expense) income		3,198			113,062		(9,697	)		(157,564	)		(51,001	)

Income before (loss) before income tax provision		43,255			206,566		15,134			(157,564	)		107,391

Income tax (benefit) provision		(4,440	)		43,562		2,285			—			41,407
Equity in net earnings of subsidiaries		18,289			4,601		5,666			(28,556	)		—

Net income	$	65,984		$	167,605	$	18,515		$	(186,120	)	$	65,984

Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments including tax expense of $1,484		(1,484	)		32,468		(36,935	)		—			(5,951	)

Other comprehensive income (loss), net of tax:		(1,484	)		32,468		(36,935	)		—			(5,951	)

Comprehensive income (loss)	$	64,500		$	200,073	$	(18,420	)	$	(186,120	)	$	60,033

Condensed Consolidating Statement of Cash Flow

Condensed Consolidating Statement of Cash Flows for the Year Ended December 31, 2012


	FTI Consulting, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidated
Operating activities
Net cash (used in) provided by operating activities	$	(63,218	)	$	172,578		$	10,828		$	120,188

Investing activities
Payments for acquisition of businesses, including contingent payments, net of cash received		(41,722	)		—			(21,171	)		(62,893	)
Purchases of property and equipment		(8,310	)		(15,689	)		(3,760	)		(27,759	)
Other		246			—			—			246

Net cash used in investing activities		(49,786	)		(15,689	)		(24,931	)		(90,406	)

Financing activities
Borrowings under revolving line of credit		75,000			—			—			75,000
Payments of revolving line of credit		(75,000	)		—			—			(75,000	)
Payments of long-term debt and capital lease obligations		(377,810	)		(49	)		—			(377,859	)
Issuance of debt securities		292,608			—			—			292,608
Payments of debt financing fees		(2,848	)		—			—			(2,848	)
Net issuance of common stock and other		1,490			—			(2,120	)		(630	)
Purchase and retirement of common stock		(50,032	)		—			—			(50,032	)
Excess tax benefits from share based compensation		515			—			—			515
Intercompany transfers		154,564			(156,427	)		1,863			—

Net cash provided by (used in) financing activities		18,487			(156,476	)		(257	)		(138,246	)

Effects of exchange rate changes on cash and cash equivalents		—			—			826			826

Net (decrease) increase in cash and cash equivalents		(94,517	)		413			(13,534	)		(107,638	)
Cash and cash equivalents, beginning of year		161,180			197			103,046			264,423

Cash and cash equivalents, end of year	$	66,663		$	610		$	89,512		$	156,785

Condensed Consolidating Statement of Cash Flows for the Year Ended December 31, 2011


	FTI Consulting, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidated
Operating activities
Net cash provided by (used in) operating activities	$	206,672		$	(40,834	)	$	7,990		$	173,828

Investing activities
Payments for acquisition of businesses, net of cash received		(33,735	)		—			(28,611	)		(62,346	)
Purchases of property and equipment and other		(9,868	)		(13,829	)		(7,605	)		(31,302	)

Net cash used in investing activities		(43,603	)		(13,829	)		(36,216	)		(93,648	)

Financing activities
Borrowings under revolving line of credit		25,000			—			—			25,000
Payments of revolving line of credit		(25,000	)		—			—			(25,000	)
Payments of long-term debt and capital lease obligations		(6,788	)		(206	)		—			(6,994	)
Cash received for settlement of interest rate swaps		5,596			—			—			5,596
Purchase and retirement of common stock		(209,400	)		—			—			(209,400	)
Net issuance of common stock and other		10,472			—			—			10,472
Excess tax benefits from share based compensation		1,597			—			—			1,597
Intercompany transfers		(96,104	)		53,636			42,468			—

Net cash provided by (used in) financing activities		(294,627	)		53,430			42,468			(198,729	)

Effects of exchange rate changes on cash and cash equivalents		—			—			(1,598	)		(1,598	)

Net (decrease) increase in cash and cash equivalents		(131,558	)		(1,233	)		12,644			(120,147	)
Cash and cash equivalents, beginning of year		292,738			1,430			90,402			384,570

Cash and cash equivalents, end of year	$	161,180		$	197		$	103,046		$	264,423

Condensed Consolidating Statement of Cash Flows for the Year Ended December 31, 2010


	FTI Consulting, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidated
Operating activities
Net cash provided by operating activities	$	10,705		$	141,288		$	43,061		$	195,054

Investing activities
Payments for acquisition of businesses, net of cash received		(60,958	)		—			(2,128	)		(63,086	)
Purchases of property and equipment and other		(8,572	)		(8,858	)		(5,570	)		(23,000	)
Purchases of short-term investments, net of sales		15,000			—			—			15,000

Net cash used in investing activities		(54,530	)		(8,858	)		(7,698	)		(71,086	)

Financing activities
Borrowings under revolving line of credit		20,000			—			—			20,000
Payments of revolving line of credit		(20,000	)		—			—			(20,000	)
Payments of long-term debt and capital lease obligations		(209,233	)		(514	)		—			(209,747	)
Issuance of debt securities, net		390,445			—			—			390,445
Payments of debt financing fees		(3,054	)		—			—			(3,054	)
Purchase and retirement of common stock		(40,634	)		—			—			(40,634	)
Net issuance of common stock and other		6,638			—			—			6,638
Excess tax benefits from share based compensation		204			—			—			204
Intercompany transfers		131,477			(131,151	)		(326	)		—

Net cash provided by (used in) financing activities		275,843			(131,665	)		(326	)		143,852

Effects of exchange rate changes and fair value adjustments on cash and cash equivalents		—			—			(2,122	)		(2,122	)

Net increase in cash and cash equivalents		232,018			765			32,915			265,698
Cash and cash equivalents, beginning of year		60,720			665			57,487			118,872

Cash and cash equivalents, end of year	$	292,738		$	1,430		$	90,402		$	384,570