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Segment Reporting
9 Months Ended
Sep. 30, 2020
Segment Reporting [Abstract]  
Segment Reporting Segment Reporting
We manage our business in five reportable segments: Corporate Finance, FLC, Economic Consulting, Technology and Strategic Communications.
Our Corporate Finance segment focuses on the strategic, operational, financial, transactional and capital needs of our clients around the world and delivers a wide range of service offerings related to restructuring, business transformation and transactions. Our restructuring practice includes corporate restructuring, including bankruptcy and interim management services. Our business transformation and transactions practices include financial, operational and performance improvement services, as well as due diligence, financing advisory, mergers and acquisitions ("M&A") advisory, M&A integration, carveout support and valuations.
Our FLC segment provides law firms, companies, government clients and other interested parties with multidisciplinary and independent services related to risk advisory, investigations and disputes. We have expertise in anti-corruption/anti-money laundering investigations and compliance, cybersecurity, data analytics, export controls and sanctions, and monitorship. We offer specialized industry expertise in the areas of insurance, construction, healthcare, environmental and trial services.    
Our Economic Consulting segment provides law firms, companies, government entities and other interested parties with analysis of complex economic issues for use in legal, regulatory and international arbitration proceedings, strategic decision making and public policy debates in the United States and around the world.
Our Technology segment provides companies and law firms with a comprehensive and global portfolio of consulting and services for information governance, privacy and security, electronic discovery and insight analytics. Our consulting expertise enables clients to more confidently govern, secure, find, analyze and rapidly understand their data in the context of compliance and risk.
Our Strategic Communications segment designs and executes communications strategies for CEOs, management teams and boards of directors that help them seize opportunities, manage financial, regulatory and reputational challenges, navigate market disruptions, articulate their corporate brand, stake a competitive position and preserve their freedom to operate.
We evaluate the performance of our operating segments based on Adjusted Segment EBITDA, a GAAP financial measure. We define Adjusted Segment EBITDA as a segment’s share of consolidated operating income before depreciation, amortization of intangible assets, remeasurement of acquisition-related contingent consideration, special charges and goodwill impairment charges. We define Total Adjusted Segment EBITDA, a non-GAAP financial measure, as the total of Adjusted Segment EBITDA for all segments, which excludes unallocated corporate expenses. We use Adjusted Segment EBITDA to internally evaluate the financial performance of our segments because we believe it reflects current core operating performance and provides an indicator of the segment’s ability to generate cash.
The table below presents revenues and Adjusted Segment EBITDA for our reportable segments:
 Three Months Ended September 30,Nine Months Ended September 30,
 2020201920202019
Revenues    
Corporate Finance$236,615 $191,698 $690,375 $542,667 
FLC119,104 142,651 373,082 427,518 
Economic Consulting154,978 141,715 438,609 439,488 
Technology58,585 57,083 164,392 164,051 
Strategic Communications52,967 59,959 168,236 176,775 
Total revenues$622,249 $593,106 $1,834,694 $1,750,499 
Adjusted Segment EBITDA    
Corporate Finance$56,215 $48,084 $181,425 $135,937 
FLC13,591 27,008 25,752 87,066 
Economic Consulting25,720 19,413 60,124 66,766 
Technology11,939 12,286 32,858 37,884 
Strategic Communications8,427 12,644 27,237 34,667 
Total Adjusted Segment EBITDA$115,892 $119,435 $327,396 $362,320 
The table below reconciles net income to Total Adjusted Segment EBITDA:
 Three Months Ended September 30,Nine Months Ended September 30,
 2020201920202019
Net income$50,172 $60,422 $155,093 $187,665 
Add back:  
Income tax provision14,407 19,857 45,342 61,100 
Interest income and other3,340 (2,973)(3,879)(5,741)
Interest expense5,151 4,832 15,169 14,371 
Unallocated corporate expenses (1)
26,061 27,783 79,928 78,778 
Segment depreciation expense7,236 7,389 21,573 20,309 
Amortization of intangible assets2,795 2,125 7,440 5,838 
Segment special charges6,730 — 6,730 — 
Total Adjusted Segment EBITDA$115,892 $119,435 $327,396 $362,320 
(1) Includes $0.4 million of special charges.