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Segment Information (Tables) | 6 Months Ended
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Jun. 30, 2024
Segment Reporting [Abstract] |
Components of Segment Information | The table below sets forth information about our operating segments for the three and six months ended June 30, 2024 and 2023, along with the items necessary to reconcile the segment information to the totals reported in the accompanying consolidated financial statements.
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Healthcare: |  |  |  |  |  |  |
Revenues | $ | 190,098 |  |  | $ | 173,768 |  |  | $ | 370,840 |  |  | $ | 322,817 |
Operating income | $ | 55,246 |  |  | $ | 49,151 |  |  | $ | 97,940 |  |  | $ | 81,406 |
Segment operating income as a percentage of segment revenues | 29.1 | % |  | 28.3 | % |  | 26.4 | % |  | 25.2 | %
Education: |  |  |  |  |  |  |
Revenues | $ | 122,753 |  |  | $ | 110,694 |  |  | $ | 234,336 |  |  | $ | 214,841 |
Operating income | $ | 30,792 |  |  | $ | 27,397 |  |  | $ | 52,748 |  |  | $ | 50,562 |
Segment operating income as a percentage of segment revenues | 25.1 | % |  | 24.8 | % |  | 22.5 | % |  | 23.5 | %
Commercial: |  |  |  |  |  |  |
Revenues | $ | 58,803 |  |  | $ | 62,297 |  |  | $ | 122,439 |  |  | $ | 126,996 |
Operating income | $ | 9,015 |  |  | $ | 10,472 |  |  | $ | 23,054 |  |  | $ | 24,539 |
Segment operating income as a percentage of segment revenues | 15.3 | % |  | 16.8 | % |  | 18.8 | % |  | 19.3 | %
Total Huron: |  |  |  |  |  |  |
Revenues | $ | 371,654 |  |  | $ | 346,759 |  |  | $ | 727,615 |  |  | $ | 664,654 |
Reimbursable expenses | 9,363 |  |  | 8,140 |  |  | 16,787 |  |  | 16,630 |
Total revenues and reimbursable expenses | $ | 381,017 |  |  | $ | 354,899 |  |  | $ | 744,402 |  |  | $ | 681,284 |
Segment operating income | $ | 95,053 |  |  | $ | 87,020 |  |  | $ | 173,742 |  |  | $ | 156,507 |
Items not allocated at the segment level: |  |  |  |  |  |  |
Other operating expenses | 45,626 |  |  | 43,044 |  |  | 96,565 |  |  | 86,665 |
Other gains, net | (15,917) |  |  | (623) |  |  | (14,349) |  |  | (188) |
Restructuring charges | 2,047 |  |  | 502 |  |  | 4,280 |  |  | 2,786 |
Depreciation and amortization | 3,894 |  |  | 4,378 |  |  | 7,922 |  |  | 9,094 |
Operating income | 59,403 |  |  | 39,719 |  |  | 79,324 |  |  | 58,150 |
Other expense, net | (7,308) |  |  | (4,734) |  |  | (9,669) |  |  | (7,318) |
Income before taxes | $ | 52,095 |  |  | $ | 34,985 |  |  | $ | 69,655 |  |  | $ | 50,832 |
Disaggregation of Revenue | The following table illustrates the disaggregation of revenues by our two principal capabilities: i) Consulting and Managed Services and ii) Digital, and includes a reconciliation of the disaggregated revenues to revenues from our three operating segments for the three and six months ended June 30, 2024 and 2023.
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
Revenues by Capability |  | 2024 |  | 2023 |  | 2024 |  | 2023
Healthcare: |  |  |  |  |  |  |  |
Consulting and Managed Services |  | $ | 133,987 |  |  | $ | 124,944 |  |  | $ | 258,198 |  |  | $ | 226,680 |
Digital |  | 56,111 |  |  | 48,824 |  |  | 112,642 |  |  | 96,137 |
Total revenues |  | $ | 190,098 |  |  | $ | 173,768 |  |  | $ | 370,840 |  |  | $ | 322,817 |
Education: |  |  |  |  |  |  |  |
Consulting and Managed Services |  | $ | 63,831 |  |  | $ | 53,426 |  |  | $ | 118,940 |  |  | $ | 106,653 |
Digital |  | 58,922 |  |  | 57,268 |  |  | 115,396 |  |  | 108,188 |
Total revenues |  | $ | 122,753 |  |  | $ | 110,694 |  |  | $ | 234,336 |  |  | $ | 214,841 |
Commercial: |  |  |  |  |  |  |  |
Consulting and Managed Services |  | $ | 20,521 |  |  | $ | 18,885 |  |  | $ | 42,760 |  |  | $ | 41,116 |
Digital |  | 38,282 |  |  | 43,412 |  |  | 79,679 |  |  | 85,880 |
Total revenues |  | $ | 58,803 |  |  | $ | 62,297 |  |  | $ | 122,439 |  |  | $ | 126,996 |
Total Huron: |  |  |  |  |  |  |  |
Consulting and Managed Services |  | $ | 218,339 |  |  | $ | 197,255 |  |  | $ | 419,898 |  |  | $ | 374,449 |
Digital |  | 153,315 |  |  | 149,504 |  |  | 307,717 |  |  | 290,205 |
Total revenues |  | $ | 371,654 |  |  | $ | 346,759 |  |  | $ | 727,615 |  |  | $ | 664,654 |

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