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v3.24.3

Segment Information (Tables) | 9 Months Ended
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Sep. 30, 2024
Segment Reporting [Abstract] |
Components of Segment Information | The table below sets forth information about our operating segments for the three and nine months ended September 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 September 30, |  | Nine Months Ended September 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Healthcare: |  |  |  |  |  |  |
Revenues before reimbursable expenses | $ | 183,136 |  |  | $ | 179,177 |  |  | $ | 553,976 |  |  | $ | 501,994 |
Operating income | $ | 49,651 |  |  | $ | 46,888 |  |  | $ | 147,591 |  |  | $ | 128,294 |
Segment operating income as a percentage of segment revenues before reimbursable expenses | 27.1 | % |  | 26.2 | % |  | 26.6 | % |  | 25.6 | %
Education: |  |  |  |  |  |  |
Revenues before reimbursable expenses | $ | 121,048 |  |  | $ | 111,043 |  |  | $ | 355,384 |  |  | $ | 325,884 |
Operating income | $ | 29,158 |  |  | $ | 26,550 |  |  | $ | 81,906 |  |  | $ | 77,112 |
Segment operating income as a percentage of segment revenues before reimbursable expenses | 24.1 | % |  | 23.9 | % |  | 23.0 | % |  | 23.7 | %
Commercial: |  |  |  |  |  |  |
Revenues before reimbursable expenses | $ | 65,865 |  |  | $ | 67,958 |  |  | $ | 188,304 |  |  | $ | 194,954 |
Operating income | $ | 16,144 |  |  | $ | 15,432 |  |  | $ | 39,198 |  |  | $ | 39,971 |
Segment operating income as a percentage of segment revenues before reimbursable expenses | 24.5 | % |  | 22.7 | % |  | 20.8 | % |  | 20.5 | %
Total Huron: |  |  |  |  |  |  |
Revenues before reimbursable expenses | $ | 370,049 |  |  | $ | 358,178 |  |  | $ | 1,097,664 |  |  | $ | 1,022,832 |
Reimbursable expenses | 8,040 |  |  | 9,288 |  |  | 24,827 |  |  | 25,918 |
Total revenues | $ | 378,089 |  |  | $ | 367,466 |  |  | $ | 1,122,491 |  |  | $ | 1,048,750 |
Segment operating income | $ | 94,953 |  |  | $ | 88,870 |  |  | $ | 268,695 |  |  | $ | 245,377 |
Items not allocated at the segment level: |  |  |  |  |  |  |
Unallocated corporate expenses | 46,821 |  |  | 43,100 |  |  | 143,386 |  |  | 129,765 |
Other gains, net | (173) |  |  | (14) |  |  | (14,522) |  |  | (202) |
Restructuring charges | 1,921 |  |  | 4,095 |  |  | 6,201 |  |  | 6,881 |
Depreciation and amortization | 3,939 |  |  | 4,347 |  |  | 11,861 |  |  | 13,441 |
Operating income | 42,445 |  |  | 37,342 |  |  | 121,769 |  |  | 95,492 |
Other expense, net | (4,864) |  |  | (6,047) |  |  | (14,533) |  |  | (13,365) |
Income before taxes | $ | 37,581 |  |  | $ | 31,295 |  |  | $ | 107,236 |  |  | $ | 82,127 |
Disaggregation of Revenue | The following tables illustrate the disaggregation of segment total revenues and segment revenues before reimbursable expenses by our two principal capabilities: i) Consulting and Managed Services and ii) Digital, and includes a reconciliation to consolidated revenues before reimbursable expenses and consolidated total revenues.
|  | Three Months Ended September 30, |  | Nine Months Ended September 30,
Total Revenues by Capability |  | 2024 |  | 2023 |  | 2024 |  | 2023
Healthcare: |  |  |  |  |  |  |  |
Consulting and Managed Services |  | $ | 132,537 |  |  | $ | 135,309 |  |  | $ | 398,352 |  |  | $ | 368,896 |
Digital |  | 55,155 |  |  | 49,665 |  |  | 169,989 |  |  | 148,228 |
Total revenues |  | $ | 187,692 |  |  | $ | 184,974 |  |  | $ | 568,341 |  |  | $ | 517,124 |
Education: |  |  |  |  |  |  |  |
Consulting and Managed Services |  | $ | 62,146 |  |  | $ | 57,028 |  |  | $ | 183,219 |  |  | $ | 165,632 |
Digital |  | 61,107 |  |  | 56,404 |  |  | 178,766 |  |  | 167,233 |
Total revenues |  | $ | 123,253 |  |  | $ | 113,432 |  |  | $ | 361,985 |  |  | $ | 332,865 |
Commercial: |  |  |  |  |  |  |  |
Consulting and Managed Services |  | $ | 24,598 |  |  | $ | 28,774 |  |  | $ | 68,186 |  |  | $ | 70,958 |
Digital |  | 42,546 |  |  | 40,286 |  |  | 123,979 |  |  | 127,803 |
Total revenues |  | $ | 67,144 |  |  | $ | 69,060 |  |  | $ | 192,165 |  |  | $ | 198,761 |
Total Huron: |  |  |  |  |  |  |  |
Consulting and Managed Services |  | $ | 219,281 |  |  | $ | 221,111 |  |  | $ | 649,757 |  |  | $ | 605,486 |
Digital |  | 158,808 |  |  | 146,355 |  |  | 472,734 |  |  | 443,264 |
Total revenues |  | $ | 378,089 |  |  | $ | 367,466 |  |  | $ | 1,122,491 |  |  | $ | 1,048,750 |
|  | Three Months Ended September 30, |  | Nine Months Ended September 30,
Revenues before Reimbursable Expenses by Capability |  | 2024 |  | 2023 |  | 2024 |  | 2023
Healthcare: |  |  |  |  |  |  |  |
Consulting and Managed Services |  | $ | 128,966 |  |  | $ | 130,548 |  |  | $ | 387,164 |  |  | $ | 357,228 |
Digital |  | 54,170 |  |  | 48,629 |  |  | 166,812 |  |  | 144,766 |
Total revenues before reimbursable expenses |  | $ | 183,136 |  |  | $ | 179,177 |  |  | $ | 553,976 |  |  | $ | 501,994 |
Education: |  |  |  |  |  |  |  |
Consulting and Managed Services |  | $ | 61,222 |  |  | $ | 55,837 |  |  | $ | 180,162 |  |  | $ | 162,490 |
Digital |  | 59,826 |  |  | 55,206 |  |  | 175,222 |  |  | 163,394 |
Total revenues before reimbursable expenses |  | $ | 121,048 |  |  | $ | 111,043 |  |  | $ | 355,384 |  |  | $ | 325,884 |
Commercial: |  |  |  |  |  |  |  |
Consulting and Managed Services |  | $ | 24,329 |  |  | $ | 28,303 |  |  | $ | 67,089 |  |  | $ | 69,419 |
Digital |  | 41,536 |  |  | 39,655 |  |  | 121,215 |  |  | 125,535 |
Total revenues before reimbursable expenses |  | $ | 65,865 |  |  | $ | 67,958 |  |  | $ | 188,304 |  |  | $ | 194,954 |
Total Huron: |  |  |  |  |  |  |  |
Consulting and Managed Services |  | $ | 214,517 |  |  | $ | 214,688 |  |  | $ | 634,415 |  |  | $ | 589,137 |
Digital |  | 155,532 |  |  | 143,490 |  |  | 463,249 |  |  | 433,695 |
Total revenues before reimbursable expenses |  | $ | 370,049 |  |  | $ | 358,178 |  |  | $ | 1,097,664 |  |  | $ | 1,022,832 |

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