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Special Charges
3 Months Ended
Mar. 31, 2025
Restructuring and Related Activities [Abstract]  
Special Charges Special Charges
During the three months ended March 31, 2025, we recorded special charges of $25.3 million related to targeted headcount reductions in each segment and region where we realigned our workforce with current business demand for our consulting services. These targeted headcount reductions concluded as of March 31, 2025. A portion of the special charges was paid during the three months ended March 31, 2025 and the remaining amounts will be paid in cash in the next 12 months. Liabilities related to the special charges were $16.7 million and $6.1 million as of March 31, 2025 and December 31, 2024, respectively. These amounts are included in “Accounts payable, accrued expenses and other” on our Condensed Consolidated Balance Sheets.
The following table details the special charges by segment:
Three Months Ended
March 31, 2025
Corporate Finance & Restructuring (“Corporate Finance”)$11,696 
Forensic and Litigation Consulting (“FLC”)5,475 
Economic Consulting983 
Technology 1,928 
Strategic Communications3,268 
Segment special charges23,350 
Unallocated Corporate 1,945 
Total$25,295 
There were no special charges recorded during the three months ended March 31, 2024.