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 transactions 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 provides corporations and law firms with a comprehensive and global portfolio of consulting and services for information governance, privacy and security, electronic discovery ("e-discovery") and insight analytics. Our consulting expertise enables clients to more confidently govern, secure, find, analyze and rapidly understand 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, a GAAP financial measure. 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,
	2019		2018
Revenues
Corporate Finance	$	160,966	$	142,922
FLC	138,997		128,039
Economic Consulting	142,271		133,109
Technology	51,336		40,914
Strategic Communications	57,704		52,790
Total revenues	$	551,274	$	497,774
Adjusted Segment EBITDA
Corporate Finance	$	37,361	$	34,804
FLC	31,817		25,757
Economic Consulting	24,040		19,136
Technology	12,723		5,732
Strategic Communications	11,549		9,852
Total Adjusted Segment EBITDA	$	117,490	$	95,281

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



	Three Months Ended March 31,
	2019			2018
Net income	$	62,645		$	38,945
Add back:
Income tax provision	19,930			15,270
Interest income and other	(159		)	1,800
Interest expense	4,746			6,244
Unallocated corporate expenses	22,103			23,888
Segment depreciation expense	6,364			6,864
Amortization of intangible assets	1,861			2,270
Total Adjusted Segment EBITDA	$	117,490		$	95,281