| Schedule of Revenues and Adjusted Segment Earnings before Interest, Taxes, Depreciation and Amortization for Reportable Segments |
The tables below summarize revenues, significant expenses and gross profit by reportable segment: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended March 31, 2026 | | Corporate Finance | | FLC | | Economic Consulting | | Technology | | Strategic Communications | | Total | | Revenues | | $ | 409,502 | | | $ | 192,878 | | | $ | 175,648 | | | $ | 102,323 | | | $ | 102,994 | | | $ | 983,345 | | | Direct costs | | | | | | | | | | | | | Compensation expenses (1) | | 240,733 | | | 121,536 | | | 143,674 | | | 38,677 | | | 52,122 | | | 596,742 | | Other segment items (2) | | 21,702 | | | 5,877 | | | 11,401 | | | 30,339 | | | 10,457 | | | 79,776 | | | | 262,435 | | | 127,413 | | | 155,075 | | | 69,016 | | | 62,579 | | | 676,518 | | | Segment gross profit | | $ | 147,067 | | | $ | 65,465 | | | $ | 20,573 | | | $ | 33,307 | | | $ | 40,415 | | | $ | 306,827 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended March 31, 2025 | | Corporate Finance | | FLC | | Economic Consulting | | Technology | | Strategic Communications | | Total | | Revenues | | $ | 343,645 | | | $ | 190,602 | | | $ | 179,861 | | | $ | 97,156 | | | $ | 87,018 | | | $ | 898,282 | | | Direct costs | | | | | | | | | | | | | Compensation expenses (1) | | 210,418 | | | 110,878 | | | 129,105 | | | 37,131 | | | 45,479 | | | 533,011 | | Other segment items (2) | | 21,154 | | | 7,083 | | | 9,340 | | | 27,127 | | | 11,213 | | | 75,917 | | | | 231,572 | | | 117,961 | | | 138,445 | | | 64,258 | | | 56,692 | | | 608,928 | | | Segment gross profit | | $ | 112,073 | | | $ | 72,641 | | | $ | 41,416 | | | $ | 32,898 | | | $ | 30,326 | | | $ | 289,354 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
(1)The significant expense category and amounts align with the segment-level information that is regularly provided to the CODM. (2)Other segment items include expenses for contractor fees and other costs. In our Technology segment, other segment items also include expenses related to software, licensing, data storage and depreciation.
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| Schedule of Reconciliation of Net Income to Adjusted Segment Earnings Before Interest, Taxes, Depreciation and Amortization |
The table below reconciles income before income tax provision to total segment gross profit: | | | | | | | | | | | | | | | | | | | | | Three Months Ended March 31, | | | | | 2026 | | 2025 | | | | | | Income before income tax provision | | $ | 78,546 | | | $ | 80,581 | | | | | | | Add back: | | | | | | | | | | Interest expense | | 6,445 | | | 968 | | | | | | | Interest income and other | | (1,074) | | | (2,842) | | | | | | | Amortization of intangibles | | 612 | | | 1,017 | | | | | | | Special charges | | — | | | 25,295 | | | | | | | Selling, general and administrative expenses | | 222,298 | | | 184,335 | | | | | | | Total segment gross profit | | $ | 306,827 | | | $ | 289,354 | | | | | |
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