Segment Information (Tables)

9 Months Ended

Sep. 30, 2023

The table below sets forth information about our operating segments for the three and nine months ended September 30, 2023 and 2022, 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,
	2023			2022			2023			2022
Healthcare:
Revenues	$	179,177		$	131,319		$	501,994		$	381,669
Operating income	$	46,888		$	33,045		$	128,294		$	91,441
Segment operating income as a percentage of segment revenues	26.2		%	25.2		%	25.6		%	24.0		%
Education:
Revenues	$	111,043		$	94,347		$	325,884		$	263,234
Operating income	$	26,550		$	22,851		$	77,112		$	58,848
Segment operating income as a percentage of segment revenues	23.9		%	24.2		%	23.7		%	22.4		%
Commercial:
Revenues	$	67,958		$	59,704		$	194,954		$	173,841
Operating income	$	15,432		$	14,153		$	39,971		$	38,282
Segment operating income as a percentage of segment revenues	22.7		%	23.7		%	20.5		%	22.0		%
Total Huron:
Revenues	$	358,178		$	285,370		$	1,022,832		$	818,744
Reimbursable expenses	9,288			6,816			25,918			19,034
Total revenues and reimbursable expenses	$	367,466		$	292,186		$	1,048,750		$	837,778

Segment operating income	$	88,870		$	70,049		$	245,377		$	188,571
Items not allocated at the segment level:
Other operating expenses	43,086			34,875			129,563			96,376
Restructuring charges	4,095			804			6,881			2,763
Depreciation and amortization	4,347			5,071			13,441			15,171

Operating income	37,342			29,299			95,492			74,261
Total other income (expense), net	(6,047)			(3,896)			(13,365)			10,946
Income before taxes	$	31,295		$	25,403		$	82,127		$	85,207

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 nine months ended September 30, 2023 and 2022.


	Three Months Ended September 30,				Nine Months Ended September 30,
Revenues by Capability	2023		2022		2023		2022
Healthcare:
Consulting and Managed Services	$	130,548	$	88,626	$	357,228	$	256,340
Digital	48,629		42,693		144,766		125,329
Total revenues	$	179,177	$	131,319	$	501,994	$	381,669
Education:
Consulting and Managed Services	$	55,837	$	49,363	$	162,490	$	142,823
Digital	55,206		44,984		163,394		120,411
Total revenues	$	111,043	$	94,347	$	325,884	$	263,234
Commercial:
Consulting and Managed Services	$	28,303	$	17,912	$	69,419	$	55,193
Digital	39,655		41,792		125,535		118,648
Total revenues	$	67,958	$	59,704	$	194,954	$	173,841
Total Huron:
Consulting and Managed Services	$	214,688	$	155,901	$	589,137	$	454,356
Digital	143,490		129,469		433,695		364,388
Total revenues	$	358,178	$	285,370	$	1,022,832	$	818,744