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SEGMENT AND GEOGRAPHICAL INFORMATION

12 Months Ended

Dec. 31, 2024

SEGMENT AND GEOGRAPHICAL INFORMATION

SEGMENT AND GEOGRAPHICAL INFORMATION

NOTE 18—SEGMENT AND GEOGRAPHICAL INFORMATION

The Company operates in one segment, fact-based sourcing Advisory Services. The Company operates principally in the Americas, Europe and Asia Pacific. The Company’s foreign operations are subject to local government regulations and to the economic and political uncertainties of those areas.

The Company Chief Operating Decision Maker ( the “CODM”)  is our Chairman & Chief Executive Officer, Michael Connors. The CODM uses net income as presented on our Consolidated Statement of Income and Comprehensive Income in evaluating performance   and determining how to allocate resources of the company as a whole.

Geographical information for the segment is as follows:

​

​	​	​	​	​	​	​	​
​	​	Year Ended					​
​	​	December 31,					​
​		2024			2023
Revenues	​	​	​	​	​	​	​
Americas(1)	​	$	158,853	​	$	177,131	​
Europe(2)	​		67,730	​		87,074	​
Asia Pacific(3)	​		21,002	​		26,849	​
​	​	$	247,585	​	$	291,054	​
Fixed assets	​	​	​	​	​	​	​
Americas	​	$	4,389	​	$	2,696	​
Europe	​		1,356	​		2,926	​
Asia Pacific	​		450	​		824	​
​	​	$	6,195	​	$	6,446	​

⁽¹⁾ Substantially all relates to operations in the United States.

⁽²⁾ Includes revenues from operations in Germany of $29.7 million and $34.6 million in 2024 and 2023, respectively. Includes revenues from operations in the United Kingdom of $16.9 million and $28.2 million in 2024 and 2023, respectively.

⁽³⁾ Includes revenues from operations in Australia of $18.1 million and $22.6 million in in 2024 and 2023, respectively.

The segregation of revenues by geographic region is based upon the location of the legal entity performing the services. The Company does not measure or monitor gross profit or operating income by geography or any other measure or metric, other than consolidated, for the purposes of making operating decisions or allocating resources.

​

​	​	​	​	​	​	​
​	​	Year Ended
​	​	December 31,
​		2024			2023
​	​	​	​	​	​	​
Revenue		$	247,585		$	291,054
Less:		​	​		​	​
Compensation expense	​		162,245	​		172,771
Contract labor	​	​	19,601	​	​	33,274
Third party costs	​		10,074	​		16,059
Travel and entertainment	​	​	8,915	​	​	9,532
Professional fees	​	​	6,536	​	​	7,214
Computer expense	​	​	5,023	​	​	5,081
Other segment expenses	​	​	23,546	​	​	26,253
Depreciation and amortization	​	​	5,888	​	​	6,258
Interest income	​	​	(782)	​	​	(497)
Interest expense	​	​	5,837	​	​	6,190
Gain on the sale of business	​	​	(4,532)	​	​	—
Foreign currency translation	​	​	7	​	​	158
Income tax provision	​	​	2,388	​	​	2,607
Net income	​	$	2,839	​	$	6,154

⁽¹⁾ Other segment expenses include communication, occupancy, restructuring, marketing, stock-based compensation, acquisition- and-disposition and other overhead expenses.

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The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

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