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Segment Reporting (Tables) | 12 Months Ended
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Dec. 31, 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:
| Year Ended December 31,
| 2023 |  | 2022 |  | 2021
Revenues |  |  |  |  |
Corporate Finance (1) | $ | 1,346,678 |  |  | $ | 1,147,118 |  |  | $ | 979,350 |
FLC (1) | 654,105 |  |  | 579,933 |  |  | 544,454 |
Economic Consulting | 771,374 |  |  | 695,208 |  |  | 697,405 |
Technology | 387,855 |  |  | 319,983 |  |  | 287,366 |
Strategic Communications | 329,230 |  |  | 286,666 |  |  | 267,647 |
Total revenues | $ | 3,489,242 |  |  | $ | 3,028,908 |  |  | $ | 2,776,222 |
Adjusted Segment EBITDA |  |  |  |  |
Corporate Finance (1) | $ | 230,837 |  |  | $ | 214,809 |  |  | $ | 158,019 |
FLC (1) | 88,109 |  |  | 63,573 |  |  | 70,008 |
Economic Consulting | 115,807 |  |  | 103,090 |  |  | 117,186 |
Technology | 62,711 |  |  | 46,698 |  |  | 55,739 |
Strategic Communications | 50,909 |  |  | 50,620 |  |  | 54,313 |
Total Adjusted Segment EBITDA | $ | 548,373 |  |  | $ | 478,790 |  |  | $ | 455,265 |
(1)Effective July 1, 2023, prior period segment information for the Corporate Finance and FLC segments has been recast in this Annual Report to include the reclassification of the portion of the Company’s health solutions practice in the FLC segment to our realigned business transformation 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. 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,
| 2023 |  | 2022 |  | 2021
Net income | $ | 274,892 |  |  | $ | 235,514 |  |  | $ | 234,966 |
Add back: |  |  |  |  |
Income tax provision | 83,471 |  |  | 62,235 |  |  | 62,981 |
Interest income and other | 4,867 |  |  | (3,918) |  |  | (6,193) |
Interest expense | 14,331 |  |  | 10,047 |  |  | 20,294 |
Unallocated corporate expenses | 125,420 |  |  | 124,830 |  |  | 104,457 |
Segment depreciation expense | 39,233 |  |  | 32,876 |  |  | 31,072 |
Amortization of intangible assets | 6,159 |  |  | 9,642 |  |  | 10,818 |
Segment special charges | — |  |  | 7,564 |  |  | — |
Remeasurement of acquisition-related contingent consideration | — |  |  | — |  |  | (3,130) |
Total Adjusted Segment EBITDA | $ | 548,373 |  |  | $ | 478,790 |  |  | $ | 455,265 |
Schedule of Assets by Segments | 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,
| 2023 |  | 2022
Corporate Finance (1) | $ | 1,057,999 |  |  | $ | 1,035,410 |
FLC (1) | 445,289 |  |  | 468,114 |
Economic Consulting | 592,985 |  |  | 540,133 |
Technology | 256,077 |  |  | 211,218 |
Strategic Communications | 232,279 |  |  | 205,464 |
Total segment assets | 2,584,629 |  |  | 2,460,339 |
Unallocated corporate assets | 741,249 |  |  | 781,068 |
Total assets | $ | 3,325,878 |  |  | $ | 3,241,407 |
(1)Effective July 1, 2023, prior period segment information for the Corporate Finance and FLC segments has been recast in this Annual Report to include the reclassification of the portion of the Company’s health solutions practice in the FLC segment to our realigned business transformation practice within our Corporate Finance segment.
Schedule of Revenues Based on Location of Legal Entity Generating the Revenues | 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,
| 2023 |  | 2022 |  | 2021
U.S. | $ | 2,209,276 |  |  | $ | 1,922,337 |  |  | $ | 1,708,673 |
U.K. | 471,134 |  |  | 419,197 |  |  | 461,354 |
All other foreign countries (1) | 808,832 |  |  | 687,374 |  |  | 606,195 |
Total revenues | $ | 3,489,242 |  |  | $ | 3,028,908 |  |  | $ | 2,776,222 |
(1) There are no countries included in these amounts that individually represented more than 10 percent of total revenues for the years ended December 31, 2023, 2022 and 2021.
Schedule of Long-Lived Assets Based on Location of Legal Entity Holding the Assets | The table below details information on our long-lived assets, which include property and equipment, net and non-current operating lease assets, by country. Long-lived assets have been attributed to locations based on the location of the legal entity holding the assets.
| December 31,
| 2023 |  | 2022
U.S. | $ | 224,467 |  |  | $ | 237,090 |
U.K. | 38,045 |  |  | 41,343 |
All other foreign countries (1) | 106,060 |  |  | 78,797 |
Total long-lived assets | $ | 368,572 |  |  | $ | 357,230 |
(1) There are no countries included in these amounts that individually represented more than 10 percent of long-lived assets as of December 31, 2023 and 2022.

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- Definition Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2 + Details
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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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