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Segment Reporting | 3 Months Ended
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Mar. 31, 2018
Segment Reporting [Abstract] |
Segment Reporting | Segment Reporting We manage our business in five reportable segments: Corporate Finance & Restructuring ("Corporate Finance"), Forensic and Litigation Consulting ("FLC"), Economic Consulting, Technology and Strategic Communications. Our Corporate Finance segment focuses on the strategic, operational, financial and capital needs of our clients around the world and delivers a wide range of service offerings related to restructuring, business transformation and transaction support. Our restructuring practice includes corporate restructuring, including bankruptcy and interim management services. Our business transformation and transaction support practices include financings, mergers and acquisitions (“M&A”), M&A integration, valuations and tax advice, as well as financial, operational and performance improvement services. Our FLC segment provides law firms, companies, government clients and other interested parties with multidisciplinary, independent dispute advisory, investigations, data analytics, forensic accounting, business intelligence and risk mitigation services, as well as interim management and performance improvement services for our health solutions practice clients. 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 offers a comprehensive portfolio of information governance and e-discovery software, services and consulting support to companies, law firms, courts and government agencies worldwide. Our services allow our clients to control the risk and expense of e-discovery events, as well as manage their data in the context of compliance and risk. Our Strategic Communications segment designs and executes communications strategies for management teams and boards of directors to help them seize opportunities, manage financial, regulatory and reputational challenges, navigate market disruptions, articulate their brand, stake a competitive position, and preserve and grow their operations. 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 financial 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 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 March 31,
| 2018 |  | 2017
Revenues |  |  |
Corporate Finance & Restructuring | $ | 142,922 |  |  | $ | 105,901 |
Forensic and Litigation Consulting | 128,039 |  |  | 111,406 |
Economic Consulting | 133,109 |  |  | 139,221 |
Technology | 40,914 |  |  | 46,087 |
Strategic Communications | 52,790 |  |  | 43,729 |
Total revenues | $ | 497,774 |  |  | $ | 446,344 |
Adjusted Segment EBITDA |  |  |
Corporate Finance & Restructuring | $ | 34,804 |  |  | $ | 10,325 |
Forensic and Litigation Consulting | 25,757 |  |  | 13,521 |
Economic Consulting | 19,136 |  |  | 20,110 |
Technology | 5,732 |  |  | 7,804 |
Strategic Communications | 9,852 |  |  | 4,257 |
Total Adjusted Segment EBITDA | $ | 95,281 |  |  | $ | 56,017 |
The table below reconciles Net income to Total Adjusted Segment EBITDA:
| Three Months Ended March 31,
| 2018 |  | 2017
Net income | $ | 38,945 |  |  | $ | 14,016 |
Add back: |  |  |
Income tax provision | 15,270 |  |  | 7,877 |
Interest income and other | 1,800 |  |  | (605 | )
Interest expense | 6,244 |  |  | 5,801 |
Unallocated corporate expenses | 23,888 |  |  | 19,053 |
Segment depreciation expense | 6,864 |  |  | 7,216 |
Amortization of intangible assets | 2,270 |  |  | 2,493 |
Remeasurement of acquisition-related contingent consideration | — |  |  | 166 |
Total Adjusted Segment EBITDA | $ | 95,281 |  |  | $ | 56,017 |

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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 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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