Segment Information

6 Months Ended

Jun. 30, 2016

Segment Reporting [Abstract]

Segment Information

Segment Information

The Company's operating segments are significant strategic business units that align its products and services with how it manages its business, approaches key markets and interacts with its clients. Effective for the quarter and year ended December 31, 2015, the Company merged two of its operating segments (Operations Consulting and Finance Transformation, previously part of the Analytics and Business Transformation reportable segment) into the Consulting operating segment to reflect recent organizational changes. The Company has also revised its reportable segments to reflect management’s focus on the Analytics operating segment. All the other operating segments have been aggregated into the Operations Management reportable segment.

The new reportable segments are as follows:

• Operations Management

• Analytics

The Company has restated the segment information for all prior periods presented herein to conform to the current presentation. This change in segment presentation does not affect the Company's consolidated statements of income, balance sheets or statements of cash flows.

The chief operating decision maker (“CODM”) generally reviews operating segment revenues and cost of revenues. The Company does not allocate and therefore the CODM does not evaluate operating expenses, foreign exchange gain/loss and other income/loss, net and income taxes by segment. The Company’s operating assets are shared by multiple segments. The Company manages assets on a total company basis, not by operating segment, and therefore asset information and capital expenditures by operating segment are not presented.

Revenues and cost of revenues for each of the three months ended June 30, 2016 and 2015 for the Company's Operations Management and Analytics segments, respectively, are as follows:

	Three Months Ended June 30, 2016						Three Months Ended June 30, 2015
	Operations Management		Analytics		Total		Operations Management		Analytics		Total
Revenues, net	$	130,869	$	39,609	$	170,478	$	125,048	$	30,573	$	155,621
Cost of revenues (exclusive of depreciation and amortization)	86,482		25,544		112,026		80,809		19,669		100,478
Gross profit	$	44,387	$	14,065	$	58,452	$	44,239	$	10,904	$	55,143
Operating expenses					42,216						39,895
Foreign exchange gain and Other income, net					7,147						2,357
Income tax expense					7,008						5,531
Net income					$	16,375					$	12,074

Revenues and cost of revenues for each of the six months ended June 30, 2016 and 2015 for the Company's Operations Management and Analytics segments, respectively, are as follows:

	Six months ended June 30, 2016						Six months ended June 30, 2015
	Operations Management		Analytics		Total		Operations Management		Analytics		Total
Revenues, net	$	258,939	$	78,575	$	337,514	$	248,901	$	50,230	$	299,131
Cost of revenues (exclusive of depreciation and amortization)	170,090		50,315		220,405		160,538		33,065		193,603
Gross profit	$	88,849	$	28,260	$	117,109	$	88,363	$	17,165	$	105,528
Operating expenses					84,421						76,812
Foreign exchange gain and Other income, net					10,410						4,669
Income tax expense					12,903						11,744
Net income					$	30,195					$	21,641