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Segment Reporting
 12 Months Ended
Dec. 31, 2020
Segment Reporting [Abstract]  
Segment Reporting Segment Reporting
We manage our business in five reportable segments: Corporate Finance, FLC, Economic Consulting, Technology and Strategic Communications.
Our Corporate Finance segment focuses on the strategic, operational, financial, transactional and capital needs of our clients around the world. Our clients include companies, boards of directors, investors, private equity sponsors, banks, lenders,
and other financing sources and creditor groups, as well as other parties-in-interest. We deliver a wide range of services centered around three core offerings: business transformation, transactions and turnaround, restructuring and bankruptcy.
Our FLC segment provides law firms, companies, government entities and other interested parties with a multidisciplinary and independent range of services in risk and investigations and disputes, including a focus on highly regulated industries such as our construction & environmental solutions and health solutions services. These services are supported by our data & analytics services which help our clients analyze large, disparate sets of data related to their business operations and support our clients during regulatory inquiries and commercial disputes. We deliver a wide range of services centered around five core offerings: construction & environmental solutions, data & analytics, disputes, health solutions and risk and investigations.
Our Economic Consulting segment, including subsidiary Compass Lexecon LLC, provides law firms, companies, government entities and other interested parties with analyses of complex economic issues for use in international arbitration, legal and regulatory proceedings, and strategic decision making and public policy debates around the world. We deliver a wide range of services centered around three core offerings: antitrust & competition economics, financial economics and international arbitration.    
Our Technology segment provides companies, law firms and government entities with a comprehensive global portfolio of e-discovery, information governance, privacy and security and corporate legal operations solutions. We deliver a full spectrum of services including data collection, data processing, document review, hosting, advanced analytics and consulting.
Our Strategic Communications segment develops and executes communications strategies to help management teams, boards of directors, law firms, governments and regulators manage change and mitigate risk surrounding transformational and disruptive events, including transactions, investigations, disputes, crises, regulation and legislation. We deliver a wide range of services centered around three core offerings: corporate reputation, financial communications and public affairs.
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, which is 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 as a basis 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:
 Year Ended December 31,
 202020192018
Revenues   
Corporate Finance$910,184 $723,721 $564,479 
FLC500,275 577,780 520,333 
Economic Consulting599,088 592,542 533,979 
Technology223,016 215,584 185,755 
Strategic Communications228,712 243,090 223,331 
Total revenues$2,461,275 $2,352,717 $2,027,877 
Adjusted Segment EBITDA
Corporate Finance$216,830 $160,735 $121,660 
FLC33,374 104,435 96,821 
Economic Consulting91,432 84,112 69,955 
Technology43,013 45,688 27,387 
Strategic Communications38,975 44,544 42,918 
Total Adjusted Segment EBITDA$423,624 $439,514 $358,741 
The table below reconciles net income to Total Adjusted Segment EBITDA. Unallocated corporate expenses primarily include indirect costs related to centrally managed administrative functions that have not been allocated to the segments. These administrative costs include costs related to executive management, legal, corporate office support costs, information technology, accounting, marketing, human resources and company-wide business development and strategy functions.
 Year Ended December 31,
 202020192018
Net income$210,682 $216,726 $150,611 
Add back:
Income tax provision51,764 71,724 57,181 
Interest income and other412 (2,061)(4,977)
Interest expense19,805 19,206 27,149 
Gain on sale of business— — (13,031)
Loss on early extinguishment of debt— — 9,072 
Unallocated corporate expenses (1)
94,463 98,398 96,595 
Segment depreciation expense29,381 27,369 27,979 
Amortization of intangible assets10,387 8,152 8,162 
Segment special charges6,730 — — 
Total Adjusted Segment EBITDA$423,624 $439,514 $358,741 
(1)Includes a $0.4 million special charge.
The table below presents assets by reportable segment, reconciled to consolidated amounts. Segment assets primarily include accounts and notes receivable, fixed assets purchased specifically for the segment, goodwill and intangible assets.
 December 31,
 20202019
Corporate Finance$925,082 $814,820 
FLC412,803 462,155 
Economic Consulting553,217 543,475 
Technology200,396 200,430 
Strategic Communications214,503 217,129 
Total segment assets2,306,001 2,238,009 
Unallocated corporate assets471,362 545,133 
Total assets$2,777,363 $2,783,142 
The table below details total revenues by country. Revenues have been attributed to locations based on the location of the legal entity generating the revenues.
 Year Ended December 31,
 202020192018
U.S.$1,544,777 $1,555,133 $1,372,116 
U.K.421,125 389,338 302,576 
All other foreign countries495,373 408,246 353,185 
Total revenues$2,461,275 $2,352,717 $2,027,877 
We do not have a single customer that represents 10% or more of our consolidated revenues.
The table below details information on our long-lived assets and net assets by geographic location, which is based on the location of the legal entity holding the assets. We define net assets as total assets less total liabilities.
 December 31, 2020December 31, 2019
 U.S.U.K.All Other
Foreign Countries		U.S.U.K.All Other
Foreign Countries
Property and equipment, net $64,923 $19,150 $17,569 $63,563 $16,423 $13,686 
Net assets$763,159 $196,708 $440,314 $925,288 $196,087 $367,767