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Segment Reporting
 9 Months Ended
Sep. 30, 2022
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. Our clients include companies, boards of directors, investors, private equity sponsors, lenders, and other financing sources and creditor groups, as well as other parties-in-interest. We deliver a wide range of services centered around three core offerings: business transformation & strategy, transactions and turnaround & restructuring.
Our FLC segment provides law firms, companies, government entities, private equity firms and other interested parties with a multidisciplinary and independent range of services in risk and investigations and disputes, including cybersecurity, and a focus on highly regulated industries such as our construction & environmental solutions and health solutions services. These services are supported by our data & analytics solutions, which help our clients analyze large, disparate sets of data related to their business operations and support our clients during regulatory inquiries and commercial disputes. We deliver a wide range of services centered around five core offerings: construction & environmental solutions, data & analytics, disputes, health solutions and risk and investigations.
Our Economic Consulting segment, including subsidiary Compass Lexecon LLC, provides law firms, companies, government entities and other interested parties with analyses of complex economic issues for use in international arbitration, legal and regulatory proceedings, and strategic decision making and public policy debates around the world. We deliver a wide range of services centered around three core offerings: antitrust & competition economics, financial economics and international arbitration.    
Our Technology segment provides companies, law firms, private equity firms and government entities with a comprehensive global portfolio of consulting and services to address legal and regulatory risk, including e-discovery, information governance, privacy and security and corporate legal operations solutions. We deliver a full spectrum of services centered around three core offerings: corporate legal operations, e-discovery services and expertise, and information governance, privacy & security services.
Our Strategic Communications segment develops and executes communications strategies to help management teams, boards of directors, law firms, governments and regulators manage change and mitigate risk surrounding transformational and disruptive events, including transactions, investigations, disputes, crises, regulation and legislation. We deliver a wide range of services centered around three core offerings: corporate reputation, financial communications and public affairs.
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, which is 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 as a basis 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,
 2022202120222021
Revenues    
Corporate Finance$265,370 $250,321 $795,766 $707,495 
FLC159,948 145,264 478,092 446,831 
Economic Consulting193,183 172,543 523,201 525,122 
Technology84,915 64,657 243,181 222,762 
Strategic Communications72,449 69,443 214,237 197,781 
Total revenues$775,865 $702,228 $2,254,477 $2,099,991 
Adjusted Segment EBITDA    
Corporate Finance$51,532 $55,635 $160,021 $133,248 
FLC18,162 16,620 52,126 64,054 
Economic Consulting32,913 29,917 75,754 87,195 
Technology13,213 7,835 34,940 47,951 
Strategic Communications12,947 15,489 40,133 39,388 
Total Adjusted Segment EBITDA$128,767 $125,496 $362,974 $371,836 
The table below reconciles net income to Total Adjusted Segment EBITDA:
 Three Months Ended September 30,Nine Months Ended September 30,
 2022202120222021
Net income$77,267 $69,480 $188,016 $196,758 
Add back:  
Income tax provision15,836 19,155 46,156 54,394 
Interest income and other(7,771)(5,175)(10,418)(5,297)
Interest expense2,378 5,073 7,468 15,164 
Unallocated corporate expenses30,470 25,974 99,524 82,041 
Segment depreciation expense8,273 8,130 24,909 23,394 
Amortization of intangible assets2,314 2,859 7,319 8,512 
Remeasurement of acquisition-related contingent consideration— — — (3,130)
Total Adjusted Segment EBITDA$128,767 $125,496 $362,974 $371,836