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Segment Information (Tables)

6 Months Ended

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

X

- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 606
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-Name Accounting Standards Codification
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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

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