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Segment Reporting | 6 Months Ended
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Jun. 30, 2016
Segment Reporting [Abstract] |
Segment Reporting | 12. Segment Reporting We manage our business in five reportable segments: Corporate Finance & Restructuring, Forensic and Litigation Consulting, Economic Consulting, Technology and Strategic Communications. Our Corporate Finance & Restructuring segment focuses on the strategic, operational, financial and capital needs of businesses around the world and provides consulting and advisory services on a wide range of areas, such as restructuring (including bankruptcy), interim management, financings, mergers and acquisitions (“M&A”), M&A integration, valuations and tax issues, as well as financial, operational and performance improvement. Our distressed service offerings generally include corporate restructurings and interim management, and our non-distressed service offerings generally include all other services mentioned above. Our Forensic and Litigation Consulting segment provides law firms, companies, government clients and other interested parties with dispute advisory, investigations, forensic accounting, business intelligence assessments, data analytics, risk mitigation and interim management services, as well as performance improvement services for our health solutions practice clients, as well as interim management services. Our Economic Consulting segment provides law firms, companies, government entities and other interested parties with analysis of complex economic issues for use in legal, regulatory and international arbitration proceedings, strategic decision making and public policy debates in the U.S. and around the world. Our Technology segment provides e-discovery and information governance, hosting and consulting services and software to its clients. It provides products, services and consulting to companies, law firms, courts and government agencies worldwide. Its comprehensive suite of software and services help clients locate, review and produce electronically stored information (“ESI”), including e-mail, computer files, voicemail, instant messaging, cloud and social media data, as well as financial and transactional data. Our Strategic Communications segment provides advice and consulting services relating to financial and corporate communications, investor relations, reputation management, brand communications, public affairs, business consulting, digital design and marketing. We evaluate the performance of our operating segments based on Adjusted Segment EBITDA. We define Adjusted Segment EBITDA as a segment’s share of consolidated operating income before depreciation, amortization of intangible assets, remeasurement of acquisition-related contingent consideration, special charges and goodwill impairment charges. We define Total Adjusted Segment EBITDA, a non-GAAP measure, as the total of Adjusted Segment EBITDA for all segments, which excludes unallocated corporate expenses. We use Adjusted Segment EBITDA to internally evaluate the financial performance of our segments because we believe it is a useful supplemental measure which reflects current core operating performance and provides an indicator of the segment’s ability to generate cash. The table below presents Revenues and Adjusted Segment EBITDA for our reportable segments:
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  | 2016 |  |  | 2015 |  |  | 2016 |  |  | 2015 |
Revenues |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate Finance & Restructuring |  | $ | 132,142 |  |  | $ | 109,113 |  |  | $ | 259,298 |  |  | $ | 215,325 |
Forensic and Litigation Consulting |  |  | 118,193 |  |  |  | 126,131 |  |  |  | 237,197 |  |  |  | 249,396 |
Economic Consulting |  |  | 118,006 |  |  |  | 108,698 |  |  |  | 248,737 |  |  |  | 214,779 |
Technology |  |  | 41,882 |  |  |  | 61,826 |  |  |  | 90,163 |  |  |  | 116,480 |
Strategic Communications |  |  | 49,924 |  |  |  | 43,369 |  |  |  | 95,037 |  |  |  | 85,495 |
Total revenues |  | $ | 460,147 |  |  | $ | 449,137 |  |  | $ | 930,432 |  |  | $ | 881,475 |
Adjusted Segment EBITDA |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate Finance & Restructuring |  | $ | 32,041 |  |  | $ | 22,032 |  |  | $ | 63,644 |  |  | $ | 44,512 |
Forensic and Litigation Consulting |  |  | 15,190 |  |  |  | 19,979 |  |  |  | 34,998 |  |  |  | 42,050 |
Economic Consulting |  |  | 15,381 |  |  |  | 15,292 |  |  |  | 36,700 |  |  |  | 26,848 |
Technology |  |  | 5,035 |  |  |  | 12,166 |  |  |  | 12,858 |  |  |  | 22,239 |
Strategic Communications |  |  | 8,440 |  |  |  | 5,631 |  |  |  | 14,548 |  |  |  | 11,383 |
Total Adjusted Segment EBITDA |  | $ | 76,087 |  |  | $ | 75,100 |  |  | $ | 162,748 |  |  | $ | 147,032 |
The table below reconciles Total Adjusted Segment EBITDA to income before income tax provision:
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  | 2016 |  |  | 2015 |  |  | 2016 |  |  | 2015 |
Total Adjusted Segment EBITDA |  | $ | 76,087 |  |  | $ | 75,100 |  |  | $ | 162,748 |  |  | $ | 147,032 |
Segment depreciation expense |  |  | (7,179 | ) |  |  | (6,513 | ) |  |  | (14,208 | ) |  |  | (13,504 | )
Amortization of intangible assets |  |  | (2,590 | ) |  |  | (3,007 | ) |  |  | (5,196 | ) |  |  | (6,019 | )
Special charges |  |  | (1,750 | ) |  |  | — |  |  |  | (6,811 | ) |  |  | — |
Unallocated corporate expenses, excluding special charges |  |  | (20,406 | ) |  |  | (20,101 | ) |  |  | (39,152 | ) |  |  | (34,182 | )
Interest income and other |  |  | 4,125 |  |  |  | 950 |  |  |  | 6,682 |  |  |  | 813 |
Interest expense |  |  | (6,303 | ) |  |  | (12,473 | ) |  |  | (12,532 | ) |  |  | (24,841 | )
Remeasurement of acquisition-related contingent consideration |  |  | — |  |  |  | 1,675 |  |  |  | (980 | ) |  |  | 1,675 |
Income before income tax provision |  | $ | 41,984 |  |  | $ | 35,631 |  |  | $ | 90,551 |  |  | $ | 70,974 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8981-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9038-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8971-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8595-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8984-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9031-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8538-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8864-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8924-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8906-108599 + Details
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