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 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 June 30,				Six Months Ended June 30,
	2018		2017		2018		2017
Revenues
Corporate Finance & Restructuring	$	141,355	$	117,487	$	284,277	$	223,388
Forensic and Litigation Consulting	133,527		111,410		261,566		222,816
Economic Consulting	133,308		124,004		266,417		263,225
Technology	46,429		45,566		87,343		91,653
Strategic Communications	57,479		46,248		110,269		89,977
Total revenues	$	512,098	$	444,715	$	1,009,872	$	891,059
Adjusted Segment EBITDA
Corporate Finance & Restructuring	$	35,777	$	20,048	$	70,581	$	30,373
Forensic and Litigation Consulting	27,615		13,032		53,372		26,553
Economic Consulting	15,472		15,509		34,608		35,619
Technology	7,508		5,421		13,240		13,225
Strategic Communications	10,967		4,876		20,819		9,133
Total Adjusted Segment EBITDA	$	97,339	$	58,886	$	192,620	$	114,903

The table below reconciles net income (loss) to Total Adjusted Segment EBITDA:



	Three Months Ended June 30,						Six Months Ended June 30,
	2018			2017			2018			2017
Net income (loss)	$	43,609		$	(5,156	)	$	82,554		$	8,860
Add back:
Income tax provision	14,113			527			29,383			8,404
Interest income and other	(2,474		)	(1,592		)	(674		)	(2,197		)
Interest expense	6,583			6,250			12,827			12,051
Unallocated corporate expenses	25,882			22,286			49,770			41,339
Segment depreciation expense	7,574			6,783			14,438			13,999
Amortization of intangible assets	2,052			2,422			4,322			4,915
Segment special charges	—			26,830			—			26,830
Remeasurement of acquisition-related contingent consideration	—			536			—			702
Total Adjusted Segment EBITDA	$	97,339		$	58,886		$	192,620		$	114,903