XML 65 R8.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Operating activities      
Net income (loss) $ 58,807us-gaap_NetIncomeLoss $ (10,594)us-gaap_NetIncomeLoss $ (36,986)us-gaap_NetIncomeLoss
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation and amortization 35,126us-gaap_DepreciationAndAmortization 32,638us-gaap_DepreciationAndAmortization 33,919us-gaap_DepreciationAndAmortization
Amortization and impairment of other intangible assets 15,521fcn_AmortizationAndImpairmentOfOtherIntangibleAssets 22,954fcn_AmortizationAndImpairmentOfOtherIntangibleAssets 22,586fcn_AmortizationAndImpairmentOfOtherIntangibleAssets
Goodwill impairment charge   83,752us-gaap_GoodwillImpairmentLoss 110,387us-gaap_GoodwillImpairmentLoss
Acquisition-related contingent consideration (1,676)us-gaap_BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1 (10,869)us-gaap_BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1 (3,064)us-gaap_BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
Provision for doubtful accounts 18,252us-gaap_ProvisionForDoubtfulAccounts 13,335us-gaap_ProvisionForDoubtfulAccounts 14,179us-gaap_ProvisionForDoubtfulAccounts
Non-cash share-based compensation 22,848us-gaap_ShareBasedCompensation 35,129us-gaap_ShareBasedCompensation 29,361us-gaap_ShareBasedCompensation
Non-cash interest expense and loss on extinguishment of debt 2,691us-gaap_PaidInKindInterest 2,699us-gaap_PaidInKindInterest 9,824us-gaap_PaidInKindInterest
Other (522)us-gaap_OtherNoncashIncomeExpense (1,582)us-gaap_OtherNoncashIncomeExpense (488)us-gaap_OtherNoncashIncomeExpense
Changes in operating assets and liabilities, net of effects from acquisitions:      
Accounts receivable, billed and unbilled (43,072)us-gaap_IncreaseDecreaseInAccountsReceivable (56,290)us-gaap_IncreaseDecreaseInAccountsReceivable (3,691)us-gaap_IncreaseDecreaseInAccountsReceivable
Notes receivable (18,253)us-gaap_IncreaseDecreaseInNotesReceivableCurrent (7,544)us-gaap_IncreaseDecreaseInNotesReceivableCurrent (25,730)us-gaap_IncreaseDecreaseInNotesReceivableCurrent
Prepaid expenses and other assets 10,733us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets (6,784)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets (1,895)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
Accounts payable, accrued expenses and other 980us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities 8,505us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities (12,458)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
Income taxes 15,283us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable 7,963us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable (6,816)us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable
Accrued compensation 11,106us-gaap_IncreaseDecreaseInEmployeeRelatedLiabilities 82,917us-gaap_IncreaseDecreaseInEmployeeRelatedLiabilities (21,074)us-gaap_IncreaseDecreaseInEmployeeRelatedLiabilities
Billings in excess of services provided 7,577fcn_IncreaseDecreaseInBillingInExcessOfServiceProvided (2,958)fcn_IncreaseDecreaseInBillingInExcessOfServiceProvided 12,134fcn_IncreaseDecreaseInBillingInExcessOfServiceProvided
Net cash provided by operating activities 135,401us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations 193,271us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations 120,188us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
Investing activities      
Payments for acquisition of businesses, net of cash received (23,467)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired (55,498)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired (62,893)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired
Purchases of property and equipment (39,256)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (42,544)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (27,759)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Other 5,128us-gaap_PaymentsForProceedsFromOtherInvestingActivities (5,049)us-gaap_PaymentsForProceedsFromOtherInvestingActivities 246us-gaap_PaymentsForProceedsFromOtherInvestingActivities
Net cash used in investing activities (57,595)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations (103,091)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations (90,406)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
Financing activities      
Payments of long-term debt and capital lease obligations (6,014)us-gaap_RepaymentsOfLongTermDebtAndCapitalSecurities (6,021)us-gaap_RepaymentsOfLongTermDebtAndCapitalSecurities (377,859)us-gaap_RepaymentsOfLongTermDebtAndCapitalSecurities
Issuance of debt securities, net     292,608us-gaap_ProceedsFromIssuanceOfLongTermDebtAndCapitalSecuritiesNet
Deposits 13,071us-gaap_ProceedsFromContributionsFromAffiliates    
Purchase and retirement of common stock (4,367)us-gaap_PaymentsForRepurchaseOfCommonStock (66,763)us-gaap_PaymentsForRepurchaseOfCommonStock (50,032)us-gaap_PaymentsForRepurchaseOfCommonStock
Net issuance of common stock under equity compensation plans 4,772fcn_ProceedsOrPaymentsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions 29,392fcn_ProceedsOrPaymentsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions 1,598fcn_ProceedsOrPaymentsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
Other (1,132)us-gaap_ProceedsFromPaymentsForOtherFinancingActivities 263us-gaap_ProceedsFromPaymentsForOtherFinancingActivities (4,561)us-gaap_ProceedsFromPaymentsForOtherFinancingActivities
Net cash provided by (used in) financing activities 6,330us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations (43,129)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations (138,246)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
Effect of exchange rate changes on cash and cash equivalents (6,289)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents 1,997us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents 826us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents
Net increase (decrease) in cash and cash equivalents 77,847us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 49,048us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (107,638)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents, beginning of period 205,833us-gaap_CashAndCashEquivalentsAtCarryingValue 156,785us-gaap_CashAndCashEquivalentsAtCarryingValue 264,423us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents, end of period 283,680us-gaap_CashAndCashEquivalentsAtCarryingValue 205,833us-gaap_CashAndCashEquivalentsAtCarryingValue 156,785us-gaap_CashAndCashEquivalentsAtCarryingValue
Supplemental cash flow disclosures      
Cash paid for interest 48,169us-gaap_InterestPaid 48,156us-gaap_InterestPaid 57,082us-gaap_InterestPaid
Cash paid for income taxes, net of refunds 27,326us-gaap_IncomeTaxesPaidNet 35,074us-gaap_IncomeTaxesPaidNet 46,918us-gaap_IncomeTaxesPaidNet
Non-cash investing and financing activities:      
Issuance of common stock to acquire businesses   2,883us-gaap_StockIssued1 5,193us-gaap_StockIssued1
Issuance of stock units under incentive compensation plans 1,674us-gaap_RestrictedStockExpense 3,005us-gaap_RestrictedStockExpense 3,079us-gaap_RestrictedStockExpense
Unsettled repurchase and retirement of common stock   $ (4,367)fcn_UnsettledRepurchaseAndRetirementOfCommonStock