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Segment Reporting (Tables) | 9 Months Ended
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Sep. 30, 2023
Segment Reporting [Abstract] |
Schedule of Revenues and Adjusted Segment Earnings before Interest, Taxes, Depreciation and Amortization for Reportable Segments | The table below presents revenues and Adjusted Segment EBITDA for our reportable segments:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
Revenues |  |  |  |  |  |  |
Corporate Finance (1) | $ | 347,560 |  |  | $ | 282,029 |  |  | $ | 981,124 |  |  | $ | 841,804 |
FLC (1) | 166,137 |  |  | 143,289 |  |  | 488,636 |  |  | 432,054 |
Economic Consulting | 193,866 |  |  | 193,183 |  |  | 565,283 |  |  | 523,201 |
Technology | 98,860 |  |  | 84,915 |  |  | 286,922 |  |  | 243,181 |
Strategic Communications | 86,838 |  |  | 72,449 |  |  | 242,593 |  |  | 214,237 |
Total revenues | $ | 893,261 |  |  | $ | 775,865 |  |  | $ | 2,564,558 |  |  | $ | 2,254,477 |
Adjusted Segment EBITDA |  |  |  |  |  |  |
Corporate Finance (1) | $ | 68,094 |  |  | $ | 53,519 |  |  | $ | 165,450 |  |  | $ | 165,683 |
FLC (1) | 21,480 |  |  | 16,175 |  |  | 68,861 |  |  | 46,464 |
Economic Consulting | 27,756 |  |  | 32,913 |  |  | 77,472 |  |  | 75,754 |
Technology | 14,873 |  |  | 13,213 |  |  | 50,326 |  |  | 34,940 |
Strategic Communications | 13,454 |  |  | 12,947 |  |  | 35,273 |  |  | 40,133 |
Total Adjusted Segment EBITDA | $ | 145,657 |  |  | $ | 128,767 |  |  | $ | 397,382 |  |  | $ | 362,974 |
(1)Effective July 1, 2023, Corporate Finance and FLC segment information for the prior periods has been recast in this Quarterly Report on Form 10-Q to include the reclassification of the portion of the Company’s health solutions practice in the FLC segment to our business transformation & strategy practice within our Corporate Finance segment.
Schedule of Reconciliation of Net Income to Adjusted Segment Earnings Before Interest, Taxes, Depreciation and Amortization | The table below reconciles net income to Total Adjusted Segment EBITDA:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
Net income | $ | 83,317 |  |  | $ | 77,267 |  |  | $ | 193,259 |  |  | $ | 188,016 |
Add back: |  |  |  |  |  |  |
Income tax provision | 24,385 |  |  | 15,836 |  |  | 62,067 |  |  | 46,156 |
Interest income and other | (5,147) |  |  | (7,771) |  |  | (3,221) |  |  | (10,418) |
Interest expense | 4,474 |  |  | 2,378 |  |  | 10,435 |  |  | 7,468 |
Unallocated corporate expenses | 27,589 |  |  | 30,470 |  |  | 101,349 |  |  | 99,524 |
Segment depreciation expense | 9,699 |  |  | 8,273 |  |  | 28,554 |  |  | 24,909 |
Amortization of intangible assets | 1,340 |  |  | 2,314 |  |  | 4,939 |  |  | 7,319 |
Total Adjusted Segment EBITDA | $ | 145,657 |  |  | $ | 128,767 |  |  | $ | 397,382 |  |  | $ | 362,974 |

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-25 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
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