Hill International (HIL) 10-Q/A 10 Nov 15 2015 Q1 Quarterly report (amended) Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2015	Apr. 30, 2015
Document and Entity Information
Entity Registrant Name	Hill International, Inc.
Entity Central Index Key	1,287,808
Document Type	10-Q/A
Document Period End Date	Mar. 31, 2015
Amendment Flag	true
Amendment Description	Hill International, Inc. ("Hill" or the "Company") is filing this Amendment No. 1 (this "Amendment") to its Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2015 (the "Original Form 10-Q") filed with the Securities and Exchange Commission (the "SEC") on May 11, 2015 (the "Original Filing Date") to restate and amend the Company's previously issued consolidated financial statements and related financial information for the three months ended March 31, 2015 and 2014 included in its previously filed Quarterly Reports on Form 10-Q related to each such period to reflect a change related to its accounting treatment for accounts receivable from the Libyan Organization for Development of Administrative Centres ("ODAC") (the "Libya Receivable") and certain related liabilities. The Company has included significant disclosures regarding the status of the Libya Receivable in its prior periodic reports filed with the SEC. In addition, concurrently with the filing of this Amendment, the Company is filing an amendment to each of its Annual Report on Form 10-K for the year ended December 31, 2014 to restate its previously issued consolidated financial statements as of and for the years ended December 31, 2014, 2013 and 2012 and its Quarterly Report on Form 10-Q for the period ended June 30, 2015 to restate its previously issued consolidated financial statements for the six months ended June 30, 2015 and 2014. Except as described in this Explanatory Note, the financial statements, financial statement footnote disclosures and related financial information in the Original Form 10-Q are unchanged. In particular, except for the events described under "Background" below, this Amendment has not been updated to reflect any events that have occurred after the Original Form 10-Q was filed or to modify or update disclosures affected by other subsequent events. Accordingly, forward-looking statements included in this Amendment represent management's views as of the Original Filing Date and should not be assumed to be accurate as of any date thereafter.
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		50,373,822
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q1

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2015	Dec. 31, 2014
Assets
Cash and cash equivalents	$ 25,785	$ 30,124
Cash - restricted	7,956	8,851
Accounts receivable, less allowance for doubtful accounts of $59,477 and $60,801	206,833	195,098
Accounts receivable - affiliates	5,932	3,993
Prepaid expenses and other current assets	14,235	14,277
Income taxes receivable	4,622	4,246
Deferred income tax assets	6,438	6,575
Total current assets	271,801	263,164
Property and equipment, net	14,850	11,643
Cash - restricted, net of current portion	7,726	7,156
Retainage receivable	3,267	3,300
Acquired intangibles, net	16,366	19,282
Goodwill	74,534	80,437
Investments	4,359	5,083
Deferred income tax assets	14,122	13,645
Other assets	16,709	15,899
Total assets	423,734	419,609
Liabilities and Stockholders' Equity
Current maturities of notes payable and long-term debt	4,805	6,361
Accounts payable and accrued expenses	98,218	93,637
Income taxes payable	8,656	9,306
Deferred revenue	18,758	19,896
Deferred income taxes	2,315	2,456
Other current liabilities	8,164	10,044
Total current liabilities	140,916	141,700
Notes payable and long-term debt, net of current maturities	135,145	121,875
Retainage payable	2,660	2,448
Deferred income taxes	13,676	15,661
Deferred revenue	12,366	12,193
Other liabilities	4,310	3,732
Total liabilities	$ 309,073	$ 297,609
Commitments and contingencies
Stockholders' equity:
Preferred stock, $0.0001 par value; 1,000 shares authorized, none issued
Common stock, $0.0001 par value; 100,000 shares authorized, 56,920 shares issued at both March 31, 2015 and December 31, 2014	$ 6	$ 6
Additional paid-in capital	180,675	179,912
Accumulated deficit	(5,024)	(5,726)
Accumulated other comprehensive loss	(40,240)	(32,600)
Shareholders' equity before treasury stocks and noncontrolling interest	135,417	141,592
Less treasury stock of 6,546 shares at both March 31, 2015 and December 31, 2014, at cost	(28,304)	(28,304)
Hill International, Inc. share of equity	107,113	113,288
Noncontrolling interests	7,548	8,712
Total equity	114,661	122,000
Total liabilities and stockholders' equity	$ 423,734	$ 419,609

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) shares in Thousands, $ in Thousands	Mar. 31, 2015	Dec. 31, 2014
CONSOLIDATED BALANCE SHEETS
Accounts receivable, allowance for doubtful accounts (in dollars)	$ 59,477	$ 60,801
Preferred stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	1,000	1,000
Preferred stock, shares issued	0	0
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized	100,000	100,000
Common stock, shares issued	56,920	56,920
Treasury stock, shares	6,546	6,546

CONSOLIDATED STATEMENTS OF EARN

CONSOLIDATED STATEMENTS OF EARNINGS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
CONSOLIDATED STATEMENTS OF EARNINGS
Consulting fee revenue	$ 151,141	$ 137,249
Reimbursable expenses	19,127	12,764
Total revenue	170,268	150,013
Cost of services	86,429	78,590
Reimbursable expenses	19,127	12,764
Total direct expenses	105,556	91,354
Gross profit	64,712	58,659
Selling, general and administrative expenses	58,923	47,711
Equity in losses of affiliate	183
Operating profit	5,606	10,948
Interest and related financing fees, net	3,574	5,076
Earnings before income taxes	2,032	5,872
Income tax expense	1,184	324
Net earnings	848	5,548
Less: net earnings - noncontrolling interests	146	240
Net earnings attributable to Hill International, Inc.	$ 702	$ 5,308
Basic earnings per common share - Hill International, Inc. (in dollars per share)	$ 0.01	$ 0.13
Basic weighted average common shares outstanding (in shares)	50,373	39,795
Diluted earnings per common share - Hill International, Inc. (in dollars per share)	$ 0.01	$ 0.13
Diluted weighted average common shares outstanding (in shares)	50,637	40,602

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) EARNINGS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) EARNINGS
Net earnings	$ 848	$ 5,548
Foreign currency translation adjustment, net of tax	(9,430)	1,459
Other, net	(59)	39
Comprehensive (loss) earnings	(8,641)	7,046
Comprehensive (loss) earnings attributable to noncontrolling interests	(1,164)	518
Comprehensive (loss) earnings attributable to Hill International, Inc.	$ (7,477)	$ 6,528

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Cash flows from operating activities:
Net earnings	$ 848	$ 5,548
Adjustments to reconcile net earnings to net cash used in operating activities:
Depreciation and amortization	2,440	2,427
Provision for bad debts	1,905	576
Interest accretion on term loan		2,086
Deferred income tax expense	(1,549)	(205)
Stock based compensation	761	797
Changes in operating assets and liabilities, net:
Restricted cash	(1,539)	374
Accounts receivable	(22,533)	(11,547)
Accounts receivable - affiliate	(1,939)	(221)
Prepaid expenses and other current assets	(1,190)	961
Income taxes receivable	(796)	115
Retainage receivable	33	62
Other assets	(1,618)	(491)
Accounts payable and accrued expenses	14,191	298
Income taxes payable	839	(2,202)
Deferred revenue	2,785	(529)
Other current liabilities	(1,540)	(1,425)
Retainage payable	219	(46)
Other liabilities	654	(1,077)
Net cash used in operating activities	(8,029)	(4,499)
Cash flows from investing activities:
Payments for purchase of property and equipment	(5,234)	(1,352)
Net cash used in investing activities	(5,234)	(1,352)
Cash flows from financing activities:
Due to bank		(2)
Payments on notes payable		(864)
Net borrowings on revolving loans	12,266	4,800
Dividends paid to noncontrolling interest	(173)
Proceeds from stock issued under employee stock purchase plan	2	36
Proceeds from exercise of stock options		136
Net cash provided by financing activities	12,095	4,106
Effect of exchange rate changes on cash	(3,171)	1,144
Net decrease in cash and cash equivalents	(4,339)	(601)
Cash and cash equivalents - beginning of period	30,124	30,381
Cash and cash equivalents - end of period	$ 25,785	$ 29,780

Restatement and Revision of Pre

Restatement and Revision of Previously Reported Consolidated Financial Statements	3 Months Ended
	Mar. 31, 2015
Restatement and Revision of Previously Reported Consolidated Financial Statements
Restatement and Revision of Previously Reported Consolidated Financial Statements	Note 1 — Restatement and Revision of Previously Reported Consolidated Financial Statements The Company has restated its consolidated financial statements for the years ended December 31, 2014, 2013 and 2012 due to a change in the Company’s estimation of the collectability of its Libya Receivable. Due to the civil and political unrest which commenced in Libya in February 2011, the Company suspended its operations in and demobilized substantially all of its personnel from Libya. At December 31, 2012, the Libya Receivable was approximately $59,937,000, however, because of the political instability and economic uncertainty within Libya and because a promised payment of $31,600,000 in 2011 never materialized, the Company determined that its previous accounting treatment for the Libya Receivable was no longer appropriate as of and for the year ended December 31, 2012. The Company has established a reserve against the entire Libya Receivable amounting to $59,937,000 and eliminated $11,388,000 of certain assets and net liabilities related to that receivable, consisting of sub-consultants and other contingent expenses in 2012, which are contractually owed only upon receipt of payment. These adjustments resulted in a net charge to selling, general and administrative expenses of $48,549,000 for the year ended December 31, 2012. We received approximately $2,880,000 and $6,631,000 in 2013 and 2014, respectively and have paid agency fees and certain taxes amounting to $640,000 and $1,638,000 in 2013 and 2014, respectively. We have accounted for these transactions as a net reduction of selling, general and administrative expenses of $2,240,000 and $4,948,000 in 2013 and 2014, respectively. In addition the Company recorded certain unrelated adjustments to consulting fee revenue, cost of services, selling, general and administrative expenses and income taxes for the year ended December 31, 2014 which also affected the three-month period ended March 31, 2015. In the aggregate, these unrelated adjustments decreased the net earnings by approximately $393,000 for the three months ended March 31, 2015. These unrelated adjustments were the direct result of the restatement because previous immaterial variances in certain accounts that were not recorded during the December 31, 2014 year end closing process became material when aggregated and assessed against the restated 2014 financial statements. The impact of correcting the misstatements on the Company’s consolidated balance sheets and consolidated statements of income, comprehensive income (loss) and cash flows for the three-month periods ended March 31, 2015 and 2014 is as follows: March 31, 2015 As Previously Reported Adjustment As Restated Selected Consolidated Balance Sheet Information Prepaid expenses and other current assets $ $ ) $ Income taxes receivable $ $ $ Deferred income taxes $ $ $ Total current assets $ $ $ Accounts receivable - Libya $ $ ) $ — Deferred income taxes $ $ ) $ Total assets $ $ ) $ Accounts payable and accrued expenses $ $ Income taxes payable $ $ $ Deferred revenue $ $ $ Deferred income taxes $ $ $ Total current liabilities $ $ $ Deferred income taxes $ $ $ Other liabilities $ $ ) $ Total liabilities $ $ ) $ Retained earnings (deficit) $ $ ) $ ) Accumulated comprehensive loss $ ) $ $ ) Total equity $ $ ) $ Total liabilities and stockholders’ equity $ $ ) $ Three Months Ended March 31, 2015 As Previously Reported Adjustment As Restated Consolidated Income Statement Consulting fee revenue $ ) Reimbursable expenses — Total revenue ) Cost of services ) Reimbursable expenses — Total direct costs ) Gross profit ) Selling, general and administrative expense ) Equity in losses of affiliate — Operating profit ) Interest and related financing fees, net — Earnings before income taxes ) Income tax expense Net earnings ) Less: net earnings - noncontrolling interests ) Net earnings attributable to Hill International, Inc. $ $ ) $ Basic earnings per common share - Hill International, Inc. $ $ ) $ Diluted earnings per common share - Hill International, Inc. $ $ ) $ Three Months Ended March 31, 2014 As Previously Reported Adjustment As Restated Consolidated Income Statement Consulting fee revenue $ — Reimbursable expenses — Total revenue — Cost of services — Reimbursable expenses — Total direct costs — Gross profit — Selling, general and administrative expense ) Operating profit Interest and related financing fees, net — Earnings before income taxes Income tax expense ) Net earnings Less: net earnings - noncontrolling interests — Net earnings attributable to Hill International, Inc. $ $ $ Basic earnings per common share - Hill International, Inc. $ — $ $ Diluted earnings per common share - Hill International, Inc. $ — $ $ Three Months Ended March 31, 2015 As Previously Reported Adjustment As Restated Consolidated Statement of Comprehensive Earnings Net earnings $ $ ) $ Foreign currency translation adjustment, net of tax ) — ) Other, net ) — ) Comprehensive loss ) ) ) Comprehensive loss attributable to noncontrolling interests ) ) ) Comprehensive loss attributable to Hill International, Inc. $ ) $ ) $ ) Three Months Ended March 31, 2014 As Previously Reported Adjustment As Restated Consolidated Statement of Comprehensive Loss Net earnings $ $ $ Foreign currency translation adjustment, net of tax — Other, net — Comprehensive earnings Comprehensive earnings attributable to noncontrolling interests — Comprehensive earnings attributable to Hill International, Inc. $ $ $ Three Months Ended March 31, 2015 As Previously Reported Adjustment As Restated Consolidated Statement of Cash Flows Operating activities Net earnings $ $ ) $ Depreciation and amortization — Provision for bad debts — Deferred income tax expense ) ) Stock based compensation — Restricted cash ) — ) Accounts receivable ) ) Accounts receivable, affiliate ) — ) Prepaid expenses and other current assets ) ) ) Income taxes receivable ) — ) Retainage receivable — Other assets ) — ) Accounts payable and accrued expenses ) Income taxes payable ) Deferred revenue Other current liabilities ) ) ) Retainage payable — Other liabilities Net cash used in operating activities ) — ) Investing activities Net cash used in investing activities ) — ) Financing activities Net cash provided by financing activities — Effect of exchange rate changes on cash ) — ) Net decrease in cash and cash equivalents ) — ) Cash and cash equivalents - beginning of period — Cash and cash equivalents - end of period $ $ — $ Three Months Ended March 31, 2014 As Previously Reported Adjustment As Restated Consolidated Statement of Cash Flows Operating activities Net earnings $ $ $ Depreciation and amortization — Provision for bad debts — Interest accretion on term loan Deferred income tax expense ) ) Stock based compensation — Restricted cash — Accounts receivable ) ) ) Accounts receivable, affiliate ) — ) Prepaid expenses and other current assets — Income taxes receivable — Retainage receivable — Other assets ) — ) Accounts payable and accrued expenses ) Income taxes payable ) — ) Deferred revenue ) — ) Other current liabilities ) — ) Retainage payable ) — ) Other liabilities ) — ) Net cash used in operating activities ) — ) Investing activities Net cash used in investing activities ) — ) Financing activities Net cash provided by financing activities — Effect of exchange rate changes on cash — Net decrease in cash and cash equivalents ) — ) Cash and cash equivalents - beginning of period — Cash and cash equivalents - end of period $ $ — $

The Company

The Company	3 Months Ended
	Mar. 31, 2015
The Company
The Company	Note 2 — The Company Hill International, Inc. (“Hill” or the “Company”) is a professional services firm that provides program management, project management, construction management, construction claims and other consulting services primarily to the buildings, transportation, environmental, energy and industrial markets worldwide. Hill’s clients include the U.S. federal government, U.S. state and local governments, foreign governments and the private sector. The Company is organized into two key operating divisions: the Project Management Group and the Construction Claims Group.

Basis of Presentation

Basis of Presentation	3 Months Ended
	Mar. 31, 2015
Basis of Presentation
Basis of Presentation	Note 3 — Basis of Presentation The accompanying unaudited interim consolidated financial statements were prepared in accordance with the rules and regulations of the Securities and Exchange Commission pertaining to reports on Form 10-Q and should be read in conjunction with the consolidated financial statements and accompanying notes included in the Company’s Annual Report on Form 10-K/A for the year ended December 31, 2014. Accordingly, they do not include all of the information and footnotes required by accounting principles generally accepted in the United States (“GAAP”) for complete financial statements. In the opinion of management, these statements include all adjustments (consisting only of normal, recurring adjustments) necessary for a fair presentation of the consolidated financial statements. The consolidated financial statements include the accounts of Hill and its wholly- and majority-owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation. The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. The interim operating results are not necessarily indicative of the results for a full year.

Acquisitions

Acquisitions	3 Months Ended
	Mar. 31, 2015
Acquisitions
Acquisitions	Note 4 — Acquisitions Our recent acquisition activity is detailed below. The Company’s consolidated financial statements include the operating results of this business from the date of acquisition. Pro forma results of operations have not been presented because they are not material to the Company’s consolidated results of operations. Angus Octan Scotland Ltd. On October 31, 2014, our subsidiary Hill International (UK) Ltd. acquired all of the outstanding common stock of Angus Octan Scotland Ltd., which included its subsidiary companies Cadogan Consultants Ltd., Cadogan Consult Ltd. and Cadogan International Ltd. (collectively, “Cadogans”). Cadogans, with 27 professionals, has offices in Glasgow and Dundee. The acquisition expanded Hill’s construction claims business and provided additional resources in the energy and industrial sectors. Total consideration for the acquisition was £2,719,000 (approximately $4,350,000 at the date of acquisition). The consideration consists of cash payments of £1,000,000 ($1,600,000) at closing, £600,000 ($960,000) on November 25, 2014, £400,000 ($640,000) on December 23, 2014, £519,000 ($830,000) to be paid on October 31, 2015 and an earn-out based upon the average earnings before interest, taxes, depreciation and amortization (“EBITDA”) for the two-year period ending on October 31, 2016 (which amount shall not be less than £0 nor more than £200,000). Two of the selling shareholders may receive an earn-out in five annual installments of up to £100,000 each ($160,000), which will be charged to earnings, provided that Cadogans’ EBITDA for each of the years ending October 31, 2015, 2016, 2017, 2018 and 2019 is equal to or greater than £396,000 ($633,000). The Company accrued the potential additional consideration of £719,000 ($1,150,000), of which £519,000 is included in other current liabilities and £200,000 is included in other liabilities in the consolidated balance sheet at March 31, 2015.

Accounts Receivable

Accounts Receivable	3 Months Ended
	Mar. 31, 2015
Accounts Receivable.
Accounts Receivable	Note 5 — Accounts Receivable The components of accounts receivable are as follows (in thousands): March 31, 2015 December 31, 2014 (Restated) Billed $ $ Retainage, current portion Unbilled Allowance for doubtful accounts ) ) Total $ $ Libya Receivable The Company has open but inactive contracts with the Libyan Organization for the Development of Administrative Centres (“ODAC”). Due to the civil unrest which commenced in Libya in February 2011, the Company suspended its operations in and demobilized substantially all of its personnel from Libya. At December 31, 2012, the balance of the Libya Receivable was approximately $59,937,000. Because of the continuing political instability in Libya, the Company established a reserve for the full amount of the receivable at December 31, 2012. During 2013, the Company received Payments against the Libya Receivable of approximately $2,880,000. In the first quarter of 2014, the Company received approximately $6,631,000 against the Libya Receivable which has been reflected as a reduction of selling, general and administrative (“SG&A”) expenses for the three-months ended March 31, 2014. At March 31, 2015, after a decrease of approximately $1,459,000 due to the effect of foreign exchange translation losses, the Libya Receivable was approximately $48,967,000 which continues to be fully reserved. It is management’s intention to continue to pursue collection of monies owed to the Company by ODAC and, if subsequent payments are received, the Company will reflect such receipts, net of any third party obligations related to the collections, as reductions of SG&A expenses.

Intangible Assets

Intangible Assets	3 Months Ended
	Mar. 31, 2015
Intangible Assets
Intangible Assets	Note 6 — Intangible Assets The following table summarizes the Company’s acquired intangible assets (in thousands): March 31, 2015 December 31, 2014 Gross Gross Carrying Accumulated Carrying Accumulated Amount Amortization Amount Amortization Client relationships $ $ $ $ Acquired contract rights Trade names Total $ $ $ $ Intangible assets, net $ $ Amortization expense related to intangible assets was as follows (in thousands): Three Months Ended March 31, 2015 2014 $ $ The following table presents the estimated amortization expense based on our present intangible assets for the next five years (in thousands): Estimated Amortization Year ending December 31, Expense 2015 (remaining 9 months) $

Goodwill

Goodwill	3 Months Ended
	Mar. 31, 2015
Goodwill
Goodwill	Note 7 — Goodwill The following table summarizes the changes in the Company’s carrying value of goodwill during 2015 (in thousands): Project Construction Management Claims Total Balance, December 31, 2014 $ $ $ Additions — — — Translation adjustments ) ) ) Balance, March 31, 2015 $ $ $

Accounts Payable and Accrued Ex

Accounts Payable and Accrued Expenses	3 Months Ended
	Mar. 31, 2015
Accounts Payable and Accrued Expenses
Accounts Payable and Accrued Expenses	Note 8 — Accounts Payable and Accrued Expenses Below are the components of accounts payable and accrued expenses (in thousands): March 31, 2015 December 31, 2014 (Restated) Accounts payable $ $ Accrued payroll and related expenses Accrued subcontractor fees Accrued agency fees Accrued legal and professional fees Other accrued expenses $ $

Notes Payable and Long-Term Deb

Notes Payable and Long-Term Debt	3 Months Ended
	Mar. 31, 2015
Notes Payable and Long-Term Debt
Notes Payable and Long-Term Debt	Note 9 — Notes Payable and Long-Term Debt Outstanding debt obligations are as follows (in thousands): March 31, 2015 December 31, 2014 2014 Term Loan Facility $ $ 2014 Domestic Revolving Credit Facility 2014 International Revolving Credit Facility Borrowings under revolving credit facilities with a consortium of banks in Spain Borrowings under unsecured credit facility with Ibercaja Bank in Spain Borrowings under revolving credit facility with the National Bank of Abu Dhabi — Less current maturities Notes payable and long-term debt, net of current maturities $ $ Refinancing Effective as of September 26, 2014 (the “Closing Date”), the Company, entered into a credit agreement with Société Générale, as administrative agent (the “Agent”) and collateral agent, TD Bank, N.A., as syndication agent and HSBC Bank USA, N.A., as documentation agent, (collectively, the “U.S. Lenders”) consisting of a term loan facility of $120,000,000 (the “Term Loan Facility”) and a $30,000,000 U.S. dollar-denominated facility available to the Company (the “U.S. Revolver,” together with the Term Loan Facility, the “U.S. Credit Facilities”) and a credit agreement with the Agent as administrative agent and collateral agent, (the “International Lender”) providing a $15,000,000 Euro-denominated facility available to the Subsidiary (the “International Revolver” and together with the U.S. Revolver, the “Revolving Credit Facilities” and, together with the U.S. Credit Facilities, the “Secured Credit Facilities”). The U.S. Revolver and the International Revolver include sub-limits for letters of credit amounting to $25,000,000 and $10,000,000, respectively. The Secured Credit Facilities contain customary default provisions, representations and warranties, and affirmative and negative covenants, and require the Company to comply with certain financial and reporting covenants (see Note18). The financial covenants consist of a Maximum Consolidated Net Leverage Ratio and an Excess Account Concentration requirement. The Consolidated Net Leverage Ratio is the ratio of (a) consolidated total debt (minus cash of up to $10,000,000 held in the aggregate) to consolidated earnings before interest, taxes, depreciation, amortization and share-based compensation for the trailing twelve months. The Excess Account Concentration covenant permits the U. S. Lenders and the International Lender to increase the interest rates by 2.0% if, as of the last day of any fiscal quarter, either (a) the total of accounts receivable from all clients within any country not listed as a Permitted Country as defined in the Secured Credit Facilities (other than the United Arab Emirates) that are more than 120 days old (relative to the invoice date) constitute more than 10% of the total outstanding accounts receivable or (b) accounts receivable from any individual client located in the United Arab Emirates that are more than 120 days old (relative to the invoice date) constitute more than 14% of the total outstanding accounts receivable; provided that, in each case, the accounts receivable due from clients located in Libya that exist as of the Closing Date shall be excluded for all purposes of this covenant. The interest rate will be reset as soon as the accounts receivable over 120 days decline below the 10% or 14% levels. At March 31, 2015, non-permitted accounts receivable did not exceed the limits set forth above. The following compares the Maximum Consolidated Net Leverage Ratio to the actual consolidated net leverage ratio: Period Ended Not to exceed Actual (Restated) March 31, 2015 3.50 to 1.00 3.33 to 1.00 The U.S. Credit Facilities are guaranteed by certain U.S. subsidiaries of the Company, and the International Revolver is guaranteed by the Company and certain of the Company’s U.S. and non-U.S. subsidiaries. Term Loan Facility The Company used the proceeds from the Term Loan Facility: · to consummate the payoff and termination of the Company’s then-existing credit arrangements (the “Refinancing”) which consist of the Credit Agreement, dated as of October 18, 2012, among the Company, certain lenders and Obsidian Agency Services, Inc., as amended (the “2012 Term Loan Agreement”), and the Credit Agreement, dated as of June 30, 2009, among the Company, Bank of America, N.A. and certain other lenders, as amended; and · to pay fees and expenses incurred in connection with the Secured Credit Facilities. The interest rate on the Term Loan Facility will be, at the Company’s option, either: · the London Inter-Bank Offered Rate (“LIBOR”) for the relevant interest period plus 6.75% per annum, provided that such LIBOR shall not be lower than 1.00% per annum; or · the Base Rate (as described below) plus 5.75% per annum. The “Base Rate” is a per annum rate equal to the highest of (A) the prime rate, (B) the federal funds effective rate plus 0.50%, or (C) the LIBOR for an interest period of one month plus 1.0% per annum. Upon a default, the applicable rate of interest under the Secured Credit Facilities may increase by 2.0%. The LIBOR on the Term Loan Facilities (including when determining the Base Rate) shall in no event be less than 1.0% per annum. The Company has the right to prepay the Term Loan Facility in full or in part at any time without premium or penalty; provided, however that upon the occurrence of prepayments relating to certain repricing transactions within the first year following closing, a 1.0% prepayment premium will be payable. The Company is required to make mandatory prepayments of the Term Loan Facility, without premium or penalty, (i) with net proceeds of any issuance or incurrence of indebtedness (other than that permitted under the Term Loan Facility) by the Company after the closing, (ii) with net proceeds from certain asset sales outside the ordinary course of business, and (iii) with 50% of the excess cash flow (as defined in the agreement) for each fiscal year of the Borrowers commencing with the first full fiscal year ending after closing (which percentage would be reduced to 25% if the Consolidated Net Leverage Ratio is equal to or less than 2.25 to 1.00 or reduced to 0% if the Consolidated Net Leverage Ratio is equal to or less than 1.50 to 1.00). The Term Loan Facility is generally secured by a first-priority security interest in substantially all assets of the Company and certain of the Company’s U.S. subsidiaries other than accounts receivable, cash proceeds thereof and certain bank accounts, as to which the Term Loan Facility is secured by a second-priority security interest. The Term Loan Facility has a term of six years, requires repayment of 0.25% of the original principal amount on a quarterly basis through September 30, 2020, and was fully funded at closing. Any amounts repaid on the Term Loan Facility will not be available to be re-borrowed. The Company incurred fees and expenses related to the Term Loan Facility aggregating $7,066,000 which have been deferred. The deferred fees are being amortized on a straight-line basis, which approximates the effective interest method, to interest and related financing fees, net over a six-year period which commenced on October 1, 2014. Unamortized balances of $6,477,000 and $6,772,000 are included in other assets in the consolidated balance sheet at March 31, 2015 and December 31, 2014, respectively. Revolving Credit Facilities The Company is required to use the proceeds from the Revolving Credit Facilities: · for the Refinancing; · to finance the working capital needs and general corporate purposes of the Borrowers and their subsidiaries; · to pay fees and expenses incurred in connection with the Secured Credit Facilities; and · for any other purposes not prohibited by the Secured Credit Facilities. The interest rate on borrowings under the U.S. Revolver will be, at the Company’s option from time to time, either the LIBOR for the relevant interest period plus 3.75% per annum or the Base Rate plus 2.75% per annum. The interest rate on borrowings under the International Revolver will be the European Inter-Bank Offered Rate, or “EURIBOR,” for the relevant interest period (or at a substitute rate to be determined to the extent EURIBOR is not available) plus 4.00% per annum. The Company will pay a commitment fee calculated at 0.50% annually on the average daily unused portion of the U.S. Revolver, and the Subsidiary will pay a commitment fee calculated at 0.75% annually on the average daily unused portion of the International Revolver. The ability to borrow under each of the U.S. Revolver and the International Revolver is subject to a “borrowing base,” calculated using a formula based upon approximately 85% of receivables that meet or satisfy certain criteria (“Eligible Receivables”) and that are subject to a perfected security interest held by either the U.S. Lenders or the International Lender, plus, in the case of the International Revolver only, 10% of Eligible Receivables that are not subject to a perfected security interest held by the International Lender, subject to certain exceptions and restrictions. The Company or the Subsidiary, as applicable, will be required to make mandatory prepayments under their respective Revolving Credit Facilities to the extent that the aggregate outstanding amount thereunder exceeds the then-applicable borrowing base, which payments will be made without penalty or premium. At March 31, 2015, the domestic borrowing base was $27,689,000 and the international borrowing base was $15,000,000. Generally, the obligations of the Company under the U.S. Revolver are secured by a first-priority security interest in the above-referenced accounts receivable, cash proceeds and bank accounts of the Company and certain of the Company’s U.S. subsidiaries, and a second-priority security interest in substantially all other assets of the Company and such subsidiaries. The obligations of the Subsidiary under the International Revolver would generally be secured by a first-priority security interest in substantially all accounts receivable, cash proceeds thereof and certain bank accounts of the Subsidiary and certain of the Company’s non-U.S. subsidiaries, and a second-priority security interest in substantially all other assets of the Company and certain of the Company’s U.S. and non-U.S. subsidiaries. The Revolving Credit Facilities have a term of five years and require payment of interest only during the term. Under the Revolving Credit Facilities, outstanding loans may be repaid in whole or in part at any time, without premium or penalty, subject to certain customary limitations, and will be available to be re-borrowed from time to time. The Company incurred fees and expenses related to the Revolving Credit Facilities aggregating $3,000,000 which has been deferred. The deferred fees are being amortized on a straight-line basis, which approximates the effective interest method, to interest expense and related financing fees, net over a five-year period which commenced on October 1, 2014. Unamortized balances of $2,700,000 and $2,850,000 are included in other assets in the consolidated balance sheet at March 31, 2015 and December 31, 2014, respectively. At March 31, 2015, the Company had $16,065,000 of outstanding letters of credit and $2,125,000 of available borrowing capacity under the U.S. Revolver. At March 31, 2015, the Company had $6,813,000 of outstanding letters of credit and $6,016,000 of available borrowing capacity under the International Revolver and its other foreign credit agreements (See “Other Debt Arrangements” below for more information). Other Debt Arrangements The Company’s subsidiary, Hill International (Spain) S.A. (“Hill Spain”), maintains a revolving credit facility with six banks (the “Financing Entities”) in Spain which initially provided for total borrowings of up to €5,640,000 with interest at 6.50% on outstanding borrowings. The original available amount was reduced to approximately 75.0% at December 31, 2014 and will be reduced to 50.0% at December 31, 2015. Additionally, the availability is reduced by €15,000 on a quarterly basis. At March 31, 2015, the total facility was approximately €4,155,000 (approximately $4,500,000) and borrowings outstanding were €4,136,000 (approximately $4,479,000). The amount being financed (“Credit Contracts”) by each Financing Entity varies from €284,000 (approximately $308,000) and €1,319,000 (approximately $1,428,000). To guarantee Hill Spain’s obligations resulting from the Credit Contracts, Hill Spain provided a guarantee in favor of each one of the Financing Entities and, additionally, and solely in the case of unremedied failure to make payment, and at the request of each of the Financing Entities, shall grant a first ranking pledge over a given percentage of corporate shares of Hill International Brasil Participacoes Ltda. for the principal, interest, fees, expenses or any other amount owed by virtue of the Credit Contracts, coinciding with the percentage of credit of each Financing entity with respect to the total outstanding borrowings under this facility. The facility expires on December 17, 2016. Hill Spain maintains an unsecured credit facility with the Ibercaja Bank in Spain for €525,000 (approximately $569,000) at March 31, 2015. The availability will be reduced by €175,000 on a quarterly basis commencing on March 31, 2015. The interest rate at March 31, 2015 was 6.75%. At March 31, 2015, this facility had total borrowings outstanding of €513,000 (approximately $556,000). The facility expires on December 31, 2015. The Company maintains a credit facility with the National Bank of Abu Dhabi which provides for total borrowings of up to AED 11,500,000 (approximately $3,131,000 at March 31, 2015) collateralized by certain overseas receivables. The interest rate is the one-month Emirates InterBank Offer Rate plus 3.00% (or 4.37% at March 31, 2015) but no less than 5.50%. At March 31, 2015, this facility had total borrowings outstanding of AED 5,786,000 (approximately $1,575,000). This facility also allows for to AED 127,033,000 (approximately $34,589,000 at March 31, 2015) in Letters of Guarantee of which were fully utilized at March 31, 2015. This facility is being renewed on a month-to-month basis. The Company is in the process of negotiating a new credit facility. Engineering S.A. maintains three unsecured revolving credit facilities with two banks in Brazil aggregating 2,200,000 Brazilian Reais (approximately $681,000 at March 31, 2015), with a weighted average interest rate of 3.25% per month at March 31, 2015. There were no borrowings outstanding on any of these facilities which are renewed automatically every three months. The Company also maintains relationships with other foreign banks for the issuance of letters of credit, letters of guarantee and performance bonds in a variety of foreign currencies. At March 31, 2015, the maximum U.S. dollar equivalent of the commitments was $71,739,000 of which $28,243,000 is outstanding.

Supplemental Cash Flow Informat

Supplemental Cash Flow Information	3 Months Ended
	Mar. 31, 2015
Supplemental Cash Flow Information
Supplemental Cash Flow Information	Note 10 — Supplemental Cash Flow Information The following table provides additional cash flow information (in thousands): Three Months Ended March 31, 2015 2014 Interest and related financing fees paid $ $ Income taxes paid $ $ Increase in additional paid in capital from issuance of shares of common stock related to purchase of Collaborative Partners, Inc. $ — $ Increase in additional paid in capital and treasury stock from cashless exercise of stock options $ — $

Earnings per Share

Earnings per Share	3 Months Ended
	Mar. 31, 2015
Earnings per Share
Earnings per Share	Note 11 — Earnings per Share Basic earnings per common share have been computed using the weighted-average number of shares of common stock outstanding during the period. Diluted earnings per common share incorporates the incremental shares issuable upon the assumed exercise of stock options using the treasury stock method, if dilutive. Dilutive stock options increased average common shares outstanding by approximately 264,000 shares and 807,000 shares for the three-month periods ended March 31, 2015 and 2014. The total number of shares excluded from the calculation of diluted earnings per common share was 6,524,000 shares and 3,273,000 shares for the three-month periods ended March 31, 2015 and 2014, respectively.

Share-Based Compensation

Share-Based Compensation	3 Months Ended
	Mar. 31, 2015
Share-Based Compensation
Share-Based Compensation	Note 12 — Share-Based Compensation At March 31, 2015, the Company had 8,327,626 options outstanding with a weighted average exercise price of $4.46. During the three months ended March 31, 2015, the Company granted 1,025,000 options which vest over a five-year period. The options have a weighted average exercise price of $3.97 and a weighted-average contractual life of 7.0 years. The aggregate fair value of the options was $2,097,000 calculated using the Black-Scholes valuation model. The weighted average assumptions used to calculate fair value were: expected life—5.0 years; volatility—59.9% and risk-free interest rate—1.48%. During the three months ended March 31, 2015, options for 56,500 shares with a weighted average exercise price of $9.93 lapsed. During the three months ended March 31, 2015, employees purchased 565 common shares for an aggregate purchase price of approximately $2,000 pursuant to the Company’s 2008 Employee Stock Purchase Plan. The Company recognized share-based compensation expense in selling, general and administrative expenses in the consolidated statement of operations totaling $761,000 and $797,000 for the three months ended March 31, 2015 and 2014, respectively.

Stockholders' Equity

Stockholders' Equity	3 Months Ended
	Mar. 31, 2015
Stockholders' Equity
Stockholders' Equity	Note 13 — Stockholders’ Equity The following table summarizes the changes in stockholders’ equity during the three months ended March 31, 2015 (in thousands): Hill International, Inc. Noncontrolling Total Stockholders Interest (Restated) (Restated) Stockholders’ equity, December 31, 2014 $ $ $ Net earnings Other comprehensive loss ) ) ) Comprehensive earnings ) ) ) Additional paid in capital — Stockholders’ equity, March 31, 2015 $ $ $

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2015
Income Taxes
Income Taxes	Note 14 — Income Taxes The effective tax rates for the three months ended March 31, 2015 and 2014 were 58.3% and 5.5%, respectively. The Company’s effective tax rate represents the Company’s effective tax rate for the year based on projected income and mix of income among the various foreign tax jurisdictions, adjusted for discrete transactions occurring during the period. In addition, the Company recognized an income tax expense resulting from adjustments to agree the prior year’s book amounts to the actual amounts per the tax returns totaling $85,000 and $0 for the three months ended March 31, 2015 and 2014, respectively. The Company’s effective tax rate is high in both years primarily as a result of not recording an income benefit related to the U.S. net operating loss. The components of (loss) earnings before income taxes and the related income tax expense by the United States and foreign jurisdictions were as follows (in thousands): Three Months Ended March 31, 2015 Three Months Ended March 31, 2014 U.S. Foreign Total U.S. Foreign Total (Restated) (Restated) (Restated) (Restated) (Restated) (Loss) earnings before income taxes $ ) $ $ $ ) $ $ Income tax expense, net $ — $ $ $ — $ $ The reserve for uncertain tax positions amounted to $975,000 at both March 31, 2015 and December 31, 2014, respectively, and is included in “Other liabilities” in the consolidated balance sheet at those dates. The Company’s policy is to record income tax related interest and penalties in income tax expense. At both March 31, 2015 and December 31, 2014, potential interest and penalties related to uncertain tax positions amounting to $520,000 was included in the balance above. In assessing the realizability of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. Management considers the scheduled reversal of deferred tax liabilities and projected future taxable income in making this assessment. Management evaluates the need for valuation allowances on the deferred tax assets according to the provisions of ASC740, Income Taxes. They consider both positive and negative evidence. In making this determination, management assesses all of the evidence available at the time including recent earnings, internally-prepared income projections, and historical financial performance.

Business Segment Information

Business Segment Information	3 Months Ended
	Mar. 31, 2015
Business Segment Information
Business Segment Information	Note 15 — Business Segment Information The Company’s business segments reflect how executive management makes resource decisions and assesses its performance. The Company bases these decisions on the type of services provided (Project Management and Construction Claims) and secondarily by their geography (U.S./Canada, Latin America, Europe, the Middle East, Africa and Asia/Pacific). The Project Management business segment provides extensive construction and project management services to construction owners worldwide. Such services include program management, project management, construction management, project management oversight, troubled project turnaround, staff augmentation, project labor agreement consulting, commissioning, estimating and cost management, and labor compliance services. The Construction Claims business segment provides such services as claims consulting, management consulting, litigation support, expert witness testimony, cost/damages assessment, delay/disruption analysis, adjudication, lender advisory, risk management, forensic accounting, fraud investigation and Project Neutral services to clients worldwide. The Company evaluates the performance of its segments primarily on operating profit before corporate overhead allocations and income taxes. Selected information by business segment and geographical area is summarized below (in thousands): Consulting Fee Revenue (“CFR”) Three Months Ended March 31, 2015 2014 (Restated) Project Management $ % $ % Construction Claims Total $ % $ % Total Revenue Three Months Ended March 31, 2015 2014 (Restated) Project Management $ % $ % Construction Claims Total $ % $ % Operating Profit Three Months Ended March 31, 2015 2014 (Restated) (Restated) Project Management before equity in loss of affiliate $ $ Equity in loss of affiliate ) — Total Project Management Construction Claims Corporate ) ) Total $ $ Depreciation and Amortization Expense Three Months Ended March 31, 2015 2014 Project Management $ $ Construction Claims Subtotal segments Corporate Total $ $ Consulting Fee Revenue by Geographic Region Three Months Ended March 31, 2015 2014 (Restated) U.S./Canada $ % $ % Latin America Europe Middle East Africa Asia/Pacific Total $ % $ % U.S. $ % $ % Non-U.S. Total $ % $ % For the quarter ended March 31, 2015, consulting fee revenue for the United Arab Emirates amounted to $25,288,000 representing 16.7% of the total and Saudi Arabia consulting fee revenue amounted to $15,748,000 representing 10.4% of the total. No other country except for the United States accounted for over 10% of consolidated consulting fee revenue. For the quarter ended March 31, 2014, consulting fee revenue for the United Arab Emirates amounted to $16,490,000 representing 12.0% of the total and Oman’s consulting fee revenue amounted to $15,657,000 representing 11.4% of the total. No other country except for the United States accounted for over 10% of consolidated consulting fee revenue. Total Revenue by Geographic Region Three Months Ended March 31, 2015 2014 (Restated) U.S./Canada $ % $ % Latin America Europe Middle East Africa Asia/Pacific Total $ % $ % U.S. $ % $ % Non-U.S. Total $ % $ % For the quarter ended March 31, 2015, total revenue for the United Arab Emirates amounted to $25,527,000 representing 15.0% of the total. No other country except for the United States accounted for over 10% of consolidated total revenue. For the quarter ended March 31, 2014, total revenue for Oman amounted to $18,009,000 representing 12.0% of the total and total revenue for the United Arab Emirates amounted to $16,701,000 representing 11.1% of the total. No other country except for the United States accounted for over 10% of consolidated total revenue. Consulting Fee Revenue By Client Type Three Months Ended March 31, 2015 2014 (Restated) U.S. federal government $ % $ % U.S. state, regional and local governments Foreign governments Private sector Total $ % $ % Total Revenue By Client Type Three Months Ended March 31, 2015 2014 (Restated) U.S. federal government $ % $ % U.S. state, regional and local governments Foreign governments Private sector Total $ % $ % Property, Plant and Equipment, Net, by Geographic Location March 31, 2015 December 31, 2014 U.S./Canada $ $ Latin America Europe Middle East Africa Asia/Pacific Total $ $ U.S. $ $ Non-U.S. Total $ $

Client Concentrations

Client Concentrations	3 Months Ended
	Mar. 31, 2015
Client Concentrations
Client Concentrations	Note 16—Client Concentrations The Company had no clients that accounted for 10% or more of total revenue during the three months ended March 31, 2015 and one client located in Oman that accounted for 10% of total revenue during the three months ended March 31, 2014. The Company had no clients that accounted for 10% or more of consulting fee revenue during the three months ended March 31, 2015 and one client, located in Oman, that accounted for 11% of consulting fee revenue during the three months ended March 31, 2014. The Company has numerous contracts with U.S. federal government agencies that collectively accounted for 1.6% and 2.5% of total revenue during the three months ended March 31, 2015 and 2014.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2015
Commitments and Contingencies
Commitments and Contingencies	Note 17 — Commitments and Contingencies General Litigation M.A. Angeliades, Inc. (“Plaintiff”) has filed a complaint with the Supreme Court of New York against the Company and the New York City Department of Design and Construction (“DDC”) regarding payment of approximately $8,771,000 for work performed as a subcontractor to the Company plus interest and other cost. The Company has accrued approximately $2,340,000, including interest of approximately $500,000, based on invoices received from Plaintiff who has refused to provide invoices for additional work that Plaintiff claims to have performed. Until such time as the Company obtains invoices for the additional work and is able to provide those invoices to DDC for reimbursement or there is a full resolution of the litigation, it has no intention of paying Plaintiff. The Company believes that its position is defensible, however, there can be no assurance that it will receive a favorable verdict should this case proceed to trial. From time to time, the Company is a defendant or plaintiff in various legal actions which arise in the normal course of business. As such the Company is required to assess the likelihood of any adverse outcomes to these matters as well as potential ranges of probable losses. A determination of the amount of the provision required for these commitments and contingencies, if any, which would be charged to earnings, is made after careful analysis of each matter. The provision may change in the future due to new developments or changes in circumstances. Changes in the provision could increase or decrease the Company’s earnings in the period the changes are made. It is the opinion of management, after consultation with legal counsel, that the ultimate resolution of these matters will not have a material adverse effect on the Company’s financial condition, results of operations or cash flows. Acquisition-Related Contingencies Our subsidiary, Hill International (Spain), S.A. (“Hill Spain”), owns an indirect 72% interest in Engineering S.A. (“ESA”), a firm located in Brazil. ESA’s shareholders entered into an agreement whereby the minority shareholders have a right to compel (“ESA Put Option”) Hill Spain to purchase any or all of their shares during the period from February 28, 2014 to February 28, 2021. Hill Spain also has the right to compel (“ESA Call Option”) the minority shareholders to sell any or all of their shares during the same time period. The purchase price for such shares shall be seven times the earnings before interest and taxes for ESA’s most recently ended fiscal year, net of any financial debt plus excess cash multiplied by a percentage which the shares to be purchased bear to the total number of shares outstanding at the time of purchase, but in the event the ESA Call Option is exercised by Hill Spain, the purchase price shall be increased by five percent. The ESA Put Option and the ESA Call Option must be made within three months after the audited financial statements of ESA have been completed. See Note 18. The Company is committed to issue shares of its common stock to the former shareholders of Collaborative Partners, Inc. for certain contingent consideration. The number of shares will be determined at various times during 2015. The Company is committed to pay additional consideration for the purchase of Cadogans in the amount of £519,000 (approximately $830,000) to be paid in cash on October 31, 2015 and an earn-out based upon the average earnings before interest, taxes, depreciation and amortization for the two-year period ending on October 31, 2016 (which amount shall not be less than £0 nor more than £200,000). See Note 3.

Subsequent Events (Restated)

Subsequent Events (Restated)	3 Months Ended
	Mar. 31, 2015
Subsequent Events (Restated)
Subsequent Events (Restated)	Note 18 — Subsequent Events (Restated) Financing In connection with the restatement of its consolidated financial statements as of and for the year ended December 31, 2014, the Company became in technical default of its Secured Credit Facilities due to certain misrepresentations, reporting and affirmative covenant breaches. On November 3, 2015, the Company received a waiver of the default. The Company will pay fees of $81,900 and other out-of-pocket expenses incurred by the Administrative Agent. On April 2, 2015, the Company received a $750,000 loan from the Philadelphia Industrial Development Corporation in connection with the Company’s corporate headquarters move to Philadelphia, Pennsylvania. The loan bears interest at 2.75% per annum, is repayable in 144 equal monthly installments of $6,121, and matures on May 1, 2027. Acquisitions On April 15, 2015, the Company acquired all of the equity interests of IMS Proje Yonetimi ve Danismanlik A.S. (“IMS”), a firm that provides project management services for international developers, institutional investors and major retailers. IMS has approximately 80 professionals and is headquartered in Istanbul, Turkey. Consideration consisted of an Initial Purchase Price of 12,500,000 Turkish Lira (“TRY”) (approximately $4,594,000 as of the closing date) comprised of TRY 3,942,000 (approximately $1,449,000) paid in cash on the closing date plus a second payment of TRY 8,558,000 (approximately $3,145,000) to be paid upon Hill’s receipt of IMS financial statements as of the closing date and satisfaction of other conditions precedent to closing, a Holdback Purchase Price of TRY 4,400,000 (approximately $1,617,000) payable in cash on April 15, 2016, less any set off related to certain indemnification obligations and a potential Additional Purchase Price of (i) TRY 1,700,000 (approximately $625,000) if earnings before interest, income taxes, depreciation and amortization for the twelve month period subsequent to the closing date (“EBITDA”) exceeds TRY 3,500,000 (approximately $1,286,000) or (ii) TRY 1,500,000 ($551,000) if EBITDA is less than TRY 3,500,000 but not less than TRY 3,200,000 ($1,176,000). Pro forma financial information has not been provided since the amounts are not material. In April 2015, two shareholders who own approximately 19% of ESA exercised their ESA Put Options claiming an aggregate value of BRL 11,816,000 (approximately $3,658,000). The Company disagrees with the shareholders’ computation of the purchase price. The Company is in negotiation with those shareholders and, upon settlement, will pay the liability with cash, common stock or a combination thereof. The Company has not accrued any amount with respect to this transaction. Upon completion of the transaction, the Company will own approximately 91% of ESA. Stockholder Rights Plan On May 4, 2015, our Board of Directors approved the adoption of a stockholder rights plan (the “Rights Plan”) that is intended to ensure that all stockholders have the opportunity to realize the long-term value of their investment in the Company and are protected from coercive and opportunistic takeover attempts . Under the Rights Plan, stockholders of record as of May 18, 2015 will receive one preferred share purchase right for each share of our common stock held. Initially these rights will not be exercisable and will trade with the shares of our common stock. With certain exceptions, the rights become exercisable if any person or group acquires beneficial ownership of 15% or more of our common stock. In that situation, each holder of a right (other than such person or members of such group, whose rights will become void and will not be exercisable) will be entitled to purchase a number of shares of our common stock that have a market value of twice the exercise price of the right. Stockholders will not be required to take any action to receive the rights distribution. Until the rights become exercisable, they will trade with the shares of the Company’s common stock.

Restatement and Revision of P25

Restatement and Revision of Previously Reported Consolidated Financial Statements (Tables)	3 Months Ended
	Mar. 31, 2015
Restatement and Revision of Previously Reported Consolidated Financial Statements
Schedule of corrections of the misstatement on the Company's consolidated balance sheets and consolidated statements of income, comprehensive income (loss) and cash flows	March 31, 2015 As Previously Reported Adjustment As Restated Selected Consolidated Balance Sheet Information Prepaid expenses and other current assets $ $ ) $ Income taxes receivable $ $ $ Deferred income taxes $ $ $ Total current assets $ $ $ Accounts receivable - Libya $ $ ) $ — Deferred income taxes $ $ ) $ Total assets $ $ ) $ Accounts payable and accrued expenses $ $ Income taxes payable $ $ $ Deferred revenue $ $ $ Deferred income taxes $ $ $ Total current liabilities $ $ $ Deferred income taxes $ $ $ Other liabilities $ $ ) $ Total liabilities $ $ ) $ Retained earnings (deficit) $ $ ) $ ) Accumulated comprehensive loss $ ) $ $ ) Total equity $ $ ) $ Total liabilities and stockholders’ equity $ $ ) $ Three Months Ended March 31, 2015 As Previously Reported Adjustment As Restated Consolidated Income Statement Consulting fee revenue $ ) Reimbursable expenses — Total revenue ) Cost of services ) Reimbursable expenses — Total direct costs ) Gross profit ) Selling, general and administrative expense ) Equity in losses of affiliate — Operating profit ) Interest and related financing fees, net — Earnings before income taxes ) Income tax expense Net earnings ) Less: net earnings - noncontrolling interests ) Net earnings attributable to Hill International, Inc. $ $ ) $ Basic earnings per common share - Hill International, Inc. $ $ ) $ Diluted earnings per common share - Hill International, Inc. $ $ ) $ Three Months Ended March 31, 2014 As Previously Reported Adjustment As Restated Consolidated Income Statement Consulting fee revenue $ — Reimbursable expenses — Total revenue — Cost of services — Reimbursable expenses — Total direct costs — Gross profit — Selling, general and administrative expense ) Operating profit Interest and related financing fees, net — Earnings before income taxes Income tax expense ) Net earnings Less: net earnings - noncontrolling interests — Net earnings attributable to Hill International, Inc. $ $ $ Basic earnings per common share - Hill International, Inc. $ — $ $ Diluted earnings per common share - Hill International, Inc. $ — $ $ Three Months Ended March 31, 2015 As Previously Reported Adjustment As Restated Consolidated Statement of Comprehensive Earnings Net earnings $ $ ) $ Foreign currency translation adjustment, net of tax ) — ) Other, net ) — ) Comprehensive loss ) ) ) Comprehensive loss attributable to noncontrolling interests ) ) ) Comprehensive loss attributable to Hill International, Inc. $ ) $ ) $ ) Three Months Ended March 31, 2014 As Previously Reported Adjustment As Restated Consolidated Statement of Comprehensive Loss Net earnings $ $ $ Foreign currency translation adjustment, net of tax — Other, net — Comprehensive earnings Comprehensive earnings attributable to noncontrolling interests — Comprehensive earnings attributable to Hill International, Inc. $ $ $ Three Months Ended March 31, 2015 As Previously Reported Adjustment As Restated Consolidated Statement of Cash Flows Operating activities Net earnings $ $ ) $ Depreciation and amortization — Provision for bad debts — Deferred income tax expense ) ) Stock based compensation — Restricted cash ) — ) Accounts receivable ) ) Accounts receivable, affiliate ) — ) Prepaid expenses and other current assets ) ) ) Income taxes receivable ) — ) Retainage receivable — Other assets ) — ) Accounts payable and accrued expenses ) Income taxes payable ) Deferred revenue Other current liabilities ) ) ) Retainage payable — Other liabilities Net cash used in operating activities ) — ) Investing activities Net cash used in investing activities ) — ) Financing activities Net cash provided by financing activities — Effect of exchange rate changes on cash ) — ) Net decrease in cash and cash equivalents ) — ) Cash and cash equivalents - beginning of period — Cash and cash equivalents - end of period $ $ — $ Three Months Ended March 31, 2014 As Previously Reported Adjustment As Restated Consolidated Statement of Cash Flows Operating activities Net earnings $ $ $ Depreciation and amortization — Provision for bad debts — Interest accretion on term loan Deferred income tax expense ) ) Stock based compensation — Restricted cash — Accounts receivable ) ) ) Accounts receivable, affiliate ) — ) Prepaid expenses and other current assets — Income taxes receivable — Retainage receivable — Other assets ) — ) Accounts payable and accrued expenses ) Income taxes payable ) — ) Deferred revenue ) — ) Other current liabilities ) — ) Retainage payable ) — ) Other liabilities ) — ) Net cash used in operating activities ) — ) Investing activities Net cash used in investing activities ) — ) Financing activities Net cash provided by financing activities — Effect of exchange rate changes on cash — Net decrease in cash and cash equivalents ) — ) Cash and cash equivalents - beginning of period — Cash and cash equivalents - end of period $ $ — $

Accounts Receivable (Tables)

Accounts Receivable (Tables)	3 Months Ended
	Mar. 31, 2015
Accounts Receivable.
Components of accounts receivable	The components of accounts receivable are as follows (in thousands): March 31, 2015 December 31, 2014 (Restated) Billed $ $ Retainage, current portion Unbilled Allowance for doubtful accounts ) ) Total $ $

Intangible Assets (Tables)

Intangible Assets (Tables)	3 Months Ended
	Mar. 31, 2015
Intangible Assets
Summary of acquired intangible assets	The following table summarizes the Company’s acquired intangible assets (in thousands): March 31, 2015 December 31, 2014 Gross Gross Carrying Accumulated Carrying Accumulated Amount Amortization Amount Amortization Client relationships $ $ $ $ Acquired contract rights Trade names Total $ $ $ $ Intangible assets, net $ $
Summary of amortization expense related to intangible assets	Amortization expense related to intangible assets was as follows (in thousands): Three Months Ended March 31, 2015 2014 $ $
Estimated amortization expense of intangible assets for the next five years	The following table presents the estimated amortization expense based on our present intangible assets for the next five years (in thousands): Estimated Amortization Year ending December 31, Expense 2015 (remaining 9 months) $

Goodwill (Tables)

Goodwill (Tables)	3 Months Ended
	Mar. 31, 2015
Goodwill
Summary of changes in the company's carrying value of goodwill	The following table summarizes the changes in the Company’s carrying value of goodwill during 2015 (in thousands): Project Construction Management Claims Total Balance, December 31, 2014 $ $ $ Additions — — — Translation adjustments ) ) ) Balance, March 31, 2015 $ $ $

Accounts Payable and Accrued 29

Accounts Payable and Accrued Expenses (Tables)	3 Months Ended
	Mar. 31, 2015
Accounts Payable and Accrued Expenses
Components of accounts payable and accrued expenses	Below are the components of accounts payable and accrued expenses (in thousands): March 31, 2015 December 31, 2014 (Restated) Accounts payable $ $ Accrued payroll and related expenses Accrued subcontractor fees Accrued agency fees Accrued legal and professional fees Other accrued expenses $ $

Notes Payable and Long-Term D30

Notes Payable and Long-Term Debt (Tables)	3 Months Ended
	Mar. 31, 2015
Notes Payable and Long-Term Debt
Summary of outstanding debt obligations	Outstanding debt obligations are as follows (in thousands): March 31, 2015 December 31, 2014 2014 Term Loan Facility $ $ 2014 Domestic Revolving Credit Facility 2014 International Revolving Credit Facility Borrowings under revolving credit facilities with a consortium of banks in Spain Borrowings under unsecured credit facility with Ibercaja Bank in Spain Borrowings under revolving credit facility with the National Bank of Abu Dhabi — Less current maturities Notes payable and long-term debt, net of current maturities $ $
Schedule of requirements for the Maximum Consolidated Net Leverage Ratio And Actual Ratio	Period Ended Not to exceed Actual (Restated) March 31, 2015 3.50 to 1.00 3.33 to 1.00

Supplemental Cash Flow Inform31

Supplemental Cash Flow Information (Tables)	3 Months Ended
	Mar. 31, 2015
Supplemental Cash Flow Information
Schedule of additional cash flow information	The following table provides additional cash flow information (in thousands): Three Months Ended March 31, 2015 2014 Interest and related financing fees paid $ $ Income taxes paid $ $ Increase in additional paid in capital from issuance of shares of common stock related to purchase of Collaborative Partners, Inc. $ — $ Increase in additional paid in capital and treasury stock from cashless exercise of stock options $ — $

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	3 Months Ended
	Mar. 31, 2015
Stockholders' Equity
Summary of changes in stockholders' equity	The following table summarizes the changes in stockholders’ equity during the three months ended March 31, 2015 (in thousands): Hill International, Inc. Noncontrolling Total Stockholders Interest (Restated) (Restated) Stockholders’ equity, December 31, 2014 $ $ $ Net earnings Other comprehensive loss ) ) ) Comprehensive earnings ) ) ) Additional paid in capital — Stockholders’ equity, March 31, 2015 $ $ $

Income Taxes (Tables)

Income Taxes (Tables)	3 Months Ended
	Mar. 31, 2015
Income Taxes
Schedule of components of (loss) earnings before income taxes by United States and foreign jurisdictions	The components of (loss) earnings before income taxes and the related income tax expense by the United States and foreign jurisdictions were as follows (in thousands): Three Months Ended March 31, 2015 Three Months Ended March 31, 2014 U.S. Foreign Total U.S. Foreign Total (Restated) (Restated) (Restated) (Restated) (Restated) (Loss) earnings before income taxes $ ) $ $ $ ) $ $ Income tax expense, net $ — $ $ $ — $ $

Business Segment Information (T

Business Segment Information (Tables)	3 Months Ended
	Mar. 31, 2015
Business Segment Information
Consulting Fee Revenue and Total Revenue	Selected information by business segment and geographical area is summarized below (in thousands): Consulting Fee Revenue (“CFR”) Three Months Ended March 31, 2015 2014 (Restated) Project Management $ % $ % Construction Claims Total $ % $ % Total Revenue Three Months Ended March 31, 2015 2014 (Restated) Project Management $ % $ % Construction Claims Total $ % $ %
Operating Profit	Operating Profit Three Months Ended March 31, 2015 2014 (Restated) (Restated) Project Management before equity in loss of affiliate $ $ Equity in loss of affiliate ) — Total Project Management Construction Claims Corporate ) ) Total $ $
Depreciation and Amortization Expense	Depreciation and Amortization Expense Three Months Ended March 31, 2015 2014 Project Management $ $ Construction Claims Subtotal segments Corporate Total $ $
Consulting Fee Revenue and Total Revenue by Geographic Region	Consulting Fee Revenue by Geographic Region Three Months Ended March 31, 2015 2014 (Restated) U.S./Canada $ % $ % Latin America Europe Middle East Africa Asia/Pacific Total $ % $ % U.S. $ % $ % Non-U.S. Total $ % $ % Total Revenue by Geographic Region Three Months Ended March 31, 2015 2014 (Restated) U.S./Canada $ % $ % Latin America Europe Middle East Africa Asia/Pacific Total $ % $ % U.S. $ % $ % Non-U.S. Total $ % $ %
Consulting Fee Revenue and Total Revenue By Client Type	Consulting Fee Revenue By Client Type Three Months Ended March 31, 2015 2014 (Restated) U.S. federal government $ % $ % U.S. state, regional and local governments Foreign governments Private sector Total $ % $ % Total Revenue By Client Type Three Months Ended March 31, 2015 2014 (Restated) U.S. federal government $ % $ % U.S. state, regional and local governments Foreign governments Private sector Total $ % $ %
Property, Plant and Equipment, Net by Geographic Location	Property, Plant and Equipment, Net, by Geographic Location March 31, 2015 December 31, 2014 U.S./Canada $ $ Latin America Europe Middle East Africa Asia/Pacific Total $ $ U.S. $ $ Non-U.S. Total $ $

Restatement and Revision of P35

Restatement and Revision of Previously Reported Consolidated Financial Statements (Details) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Restatement and Revision of Previously Reported Consolidated Financial Statements
Provision for Doubtful Accounts	$ 1,905,000	$ 576,000
Selling, general and administrative expenses	58,923,000	47,711,000
Decrease in net earnings due to corrections	848,000	5,548,000
Consolidated Balance Sheet
Prepaid expenses and other current assets	14,235,000		$ 14,277,000
Income taxes receivable	4,622,000		4,246,000
Deferred income tax	6,438,000		6,575,000
Total current assets	271,801,000		263,164,000
Deferred income taxes	14,122,000		13,645,000
Total assets	423,734,000		419,609,000
Accounts payable and accrued expenses	98,218,000		93,637,000
Income taxes payable	8,656,000		9,306,000
Deferred revenue	18,758,000		19,896,000
Deferred income taxes	2,315,000		2,456,000
Total current liabilities	140,916,000		141,700,000
Deferred income taxes	13,676,000		15,661,000
Other liabilities	4,310,000		3,732,000
Total liabilities	309,073,000		297,609,000
Stockholders' equity:
Retained earnings (deficit)	(5,024,000)		(5,726,000)
Accumulated comprehensive loss	(40,240,000)		(32,600,000)
Total equity	114,661,000		122,000,000
Total liabilities and stockholders' equity	423,734,000		419,609,000
As Previously Reported
Restatement and Revision of Previously Reported Consolidated Financial Statements
Provision for Doubtful Accounts	1,905,000	576,000
Selling, general and administrative expenses	59,565,000	52,659,000
Decrease in net earnings due to corrections	1,279,000	293,000
Consolidated Balance Sheet
Prepaid expenses and other current assets	14,799,000
Income taxes receivable	3,209,000
Deferred income tax	1,051,000
Total current assets	265,565,000
Accounts receivable - Libya	48,967,000
Deferred income taxes	16,367,000
Total assets	468,710,000
Accounts payable and accrued expenses	97,518,000
Income taxes payable	8,439,000
Deferred revenue	17,991,000
Deferred income taxes	138,000
Total current liabilities	137,055,000
Deferred income taxes	12,711,000
Other liabilities	13,434,000
Total liabilities	313,371,000
Stockholders' equity:
Retained earnings (deficit)	37,254,000
Accumulated comprehensive loss	(41,840,000)
Total equity	155,339,000
Total liabilities and stockholders' equity	468,710,000
Adjustment
Restatement and Revision of Previously Reported Consolidated Financial Statements
Selling, general and administrative expenses	(642,000)	(4,948,000)
Decrease in net earnings due to corrections	(431,000)	5,255,000
Consolidated Balance Sheet
Prepaid expenses and other current assets	(564,000)
Income taxes receivable	1,413,000
Deferred income tax	5,387,000
Total current assets	6,236,000
Accounts receivable - Libya	(48,967,000)
Deferred income taxes	(2,245,000)
Total assets	(44,976,000)
Accounts payable and accrued expenses	700,000
Income taxes payable	217,000
Deferred revenue	767,000
Deferred income taxes	2,177,000
Total current liabilities	3,861,000
Deferred income taxes	965,000
Other liabilities	(9,124,000)
Total liabilities	(4,298,000)
Stockholders' equity:
Retained earnings (deficit)	(42,278,000)
Accumulated comprehensive loss	1,600,000
Total equity	(40,678,000)
Total liabilities and stockholders' equity	(44,976,000)
Libya
Restatement and Revision of Previously Reported Consolidated Financial Statements
Promised receivable which never materialized						$ 31,600,000
Provision for Doubtful Accounts					$ 59,937,000
Collection amount applied to receivables		$ 6,631,000	6,631,000	$ 2,880,000
Agency fees and taxes			1,638,000	640,000
Consolidated Balance Sheet
Accounts receivable - Libya	48,967,000				59,937,000
Selling, general and administrative expense | Libya | Adjustment
Restatement and Revision of Previously Reported Consolidated Financial Statements
Selling, general and administrative expenses			$ (4,948,000)	$ (2,240,000)	48,549,000
Net Loss | Adjustment
Restatement and Revision of Previously Reported Consolidated Financial Statements
Decrease in net earnings due to corrections	$ (393,000)
Eliminations | Libya
Restatement and Revision of Previously Reported Consolidated Financial Statements
Net Assets					$ 11,388,000

Restatement and Revision of P36

Restatement and Revision of Previously Reported Consolidated Financial Statements (Details 2) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
CONSOLIDATED STATEMENTS OF EARNINGS
Consulting fee revenue	$ 151,141	$ 137,249
Reimbursable expenses	19,127	12,764
Total revenue	170,268	150,013
Cost of services	86,429	78,590
Reimbursable expenses	19,127	12,764
Total direct expenses	105,556	91,354
Gross profit	64,712	58,659
Selling, general and administrative expenses	58,923	47,711
Equity in losses of affiliate	183
Operating profit	5,606	10,948
Interest and related financing fees, net	3,574	5,076
Earnings before income taxes	2,032	5,872
Income tax expense	1,184	324
Net earnings	848	5,548
Less: net earnings - noncontrolling interests	146	240
Net earnings attributable to Hill International, Inc.	$ 702	$ 5,308
Basic earnings per common share - Hill International, Inc. (in dollars per share)	$ 0.01	$ 0.13
Diluted earnings per common share - Hill International, Inc. (in dollars per share)	$ 0.01	$ 0.13
As Previously Reported
CONSOLIDATED STATEMENTS OF EARNINGS
Consulting fee revenue	$ 152,453	$ 137,249
Reimbursable expenses	19,127	12,764
Total revenue	171,580	150,013
Cost of services	86,689	78,590
Reimbursable expenses	19,127	12,764
Total direct expenses	105,816	91,354
Gross profit	65,764	58,659
Selling, general and administrative expenses	59,565	52,659
Equity in losses of affiliate	183
Operating profit	6,016	6,000
Interest and related financing fees, net	3,574	5,076
Earnings before income taxes	2,442	924
Income tax expense	1,163	631
Net earnings	1,279	293
Less: net earnings - noncontrolling interests	184	240
Net earnings attributable to Hill International, Inc.	$ 1,095	53
Basic earnings per common share - Hill International, Inc. (in dollars per share)	$ 0.02
Diluted earnings per common share - Hill International, Inc. (in dollars per share)	$ 0.02
Adjustment
CONSOLIDATED STATEMENTS OF EARNINGS
Consulting fee revenue	$ (1,312)
Total revenue	(1,312)
Cost of services	(260)
Total direct expenses	(260)
Gross profit	(1,052)
Selling, general and administrative expenses	(642)	(4,948)
Operating profit	(410)	4,948
Earnings before income taxes	(410)	4,948
Income tax expense	21	(307)
Net earnings	(431)	5,255
Less: net earnings - noncontrolling interests	(38)
Net earnings attributable to Hill International, Inc.	$ (393)	$ 5,255
Basic earnings per common share - Hill International, Inc. (in dollars per share)	$ (0.01)	$ 0.13
Diluted earnings per common share - Hill International, Inc. (in dollars per share)	$ (0.01)	$ 0.13

Restatement and Revision of P37

Restatement and Revision of Previously Reported Consolidated Financial Statements (Details 3) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) EARNINGS
Net earnings	$ 848	$ 5,548
Foreign currency translation adjustment, net of tax	(9,430)	1,459
Other, net	(59)	39
Comprehensive (loss) earnings	(8,641)	7,046
Comprehensive (loss) earnings attributable to noncontrolling interests	(1,164)	518
Comprehensive (loss) earnings attributable to Hill International, Inc.	(7,477)	6,528
As Previously Reported
CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) EARNINGS
Net earnings	1,279	293
Foreign currency translation adjustment, net of tax	(9,430)	1,459
Other, net	(59)	39
Comprehensive (loss) earnings	(8,210)	1,791
Comprehensive (loss) earnings attributable to noncontrolling interests	(1,126)	518
Comprehensive (loss) earnings attributable to Hill International, Inc.	(7,084)	1,273
Adjustment
CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) EARNINGS
Net earnings	(431)	5,255
Comprehensive (loss) earnings	(431)	5,255
Comprehensive (loss) earnings attributable to noncontrolling interests	(38)
Comprehensive (loss) earnings attributable to Hill International, Inc.	$ (393)	$ 5,255

Restatement and Revision of P38

Restatement and Revision of Previously Reported Consolidated Financial Statements (Details 4) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Operating activities
Net earnings	$ 848	$ 5,548
Depreciation and amortization	2,440	2,427
Provision for bad debts	1,905	576
Interest accretion on term loan		2,086
Deferred income tax expense	(1,549)	(205)
Stock based compensation	761	797
Restricted cash	(1,539)	374
Accounts receivable	(22,533)	(11,547)
Accounts receivable, affiliate	(1,939)	(221)
Prepaid expenses and other current assets	(1,190)	961
Income taxes receivable	(796)	115
Retainage receivable	33	62
Other assets	(1,618)	(491)
Accounts payable and accrued expenses	14,191	298
Income taxes payable	839	(2,202)
Deferred revenue	2,785	(529)
Other current liabilities	(1,540)	(1,425)
Retainage payable	219	(46)
Other liabilities	654	(1,077)
Net cash used in operating activities	(8,029)	(4,499)
Investing activities
Net cash used in investing activities	(5,234)	(1,352)
Financing activities
Net cash provided by financing activities	12,095	4,106
Effect of exchange rate changes on cash	(3,171)	1,144
Net decrease in cash and cash equivalents	(4,339)	(601)
Cash and cash equivalents - beginning of period	30,124	30,381
Cash and cash equivalents - end of period	25,785	29,780
As Previously Reported
Operating activities
Net earnings	1,279	293
Depreciation and amortization	2,440	2,427
Provision for bad debts	1,905	576
Interest accretion on term loan		2,086
Deferred income tax expense	(1,971)	102
Stock based compensation	761	797
Restricted cash	(1,539)	374
Accounts receivable	(23,375)	(4,916)
Accounts receivable, affiliate	(1,939)	(221)
Prepaid expenses and other current assets	(177)	961
Income taxes receivable	(796)	115
Retainage receivable	33	62
Other assets	(1,618)	(491)
Accounts payable and accrued expenses	15,060	(1,385)
Income taxes payable	1,239	(2,202)
Deferred revenue	1,372	(529)
Other current liabilities	(1,492)	(1,425)
Retainage payable	219	(46)
Other liabilities	570	(1,077)
Net cash used in operating activities	(8,029)	(4,499)
Investing activities
Net cash used in investing activities	(5,234)	(1,352)
Financing activities
Net cash provided by financing activities	12,095	4,106
Effect of exchange rate changes on cash	(3,171)	1,144
Net decrease in cash and cash equivalents	(4,339)	(601)
Cash and cash equivalents - beginning of period	30,124	30,381
Cash and cash equivalents - end of period	25,785	29,780
Adjustment
Operating activities
Net earnings	(431)	5,255
Deferred income tax expense	422	(307)
Accounts receivable	842	(6,631)
Prepaid expenses and other current assets	(1,013)
Accounts payable and accrued expenses	(869)	$ 1,683
Income taxes payable	(400)
Deferred revenue	1,413
Other current liabilities	(48)
Other liabilities	$ 84

The Company (Details)

The Company (Details)	3 Months Ended
	Mar. 31, 2015division
The Company
Number of key operating divisions	2

Acquisitions (Details)

Acquisitions (Details) - Cadogans	Oct. 31, 2015GBP (£)	Oct. 31, 2015USD ($)	Dec. 23, 2014GBP (£)	Dec. 23, 2014USD ($)	Nov. 25, 2014GBP (£)	Nov. 25, 2014USD ($)	Oct. 31, 2014GBP (£)item	Oct. 31, 2014USD ($)item	Mar. 31, 2015GBP (£)	Mar. 31, 2015USD ($)
Acquisitions
Contingent consideration arrangement, evaluation period									2 years	2 years
Contingent consideration, minimum									£ 0
Contingent consideration									200,000
Acquisition consideration payable									519,000	$ 830,000
Hill International (UK) Ltd
Acquisitions
Number of professionals | item							27
Total consideration for acquisition							£ 2,719,000	$ 4,350,000
Cash payment	£ 519,000	$ 830,000	£ 400,000	$ 640,000	£ 600,000	$ 960,000	£ 1,000,000	$ 1,600,000
Contingent consideration arrangement, evaluation period							2 years	2 years
Contingent consideration, minimum							£ 0
Contingent consideration							£ 200,000
Number Of Selling Shareholders | item							2	2
Number Of Annual Installments | item							5	5
Maximum annual earn out installment							£ 100,000	$ 160,000
EBITDA threshold for the five succeeding years for measuring financial performance							£ 396,000	$ 633,000
Acquisition consideration payable									719,000	$ 1,150,000
Hill International (UK) Ltd | Other Current Liabilities
Acquisitions
Acquisition consideration payable									519,000
Hill International (UK) Ltd | Other Liabilities
Acquisitions
Acquisition consideration payable									£ 200,000

Accounts Receivable (Details)

Accounts Receivable (Details) - USD ($) $ in Thousands	Mar. 31, 2015	Dec. 31, 2014
Components of accounts receivable
Billed	$ 213,203	$ 210,460
Retainage, current portion	12,792	12,700
Unbilled	40,315	32,739
Accounts receivable, gross	266,310	255,899
Allowance for doubtful accounts	(59,477)	(60,801)
Total	$ 206,833	$ 195,098

Accounts Receivable (Details 2)

Accounts Receivable (Details 2) - Libya - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Accounts Receivable
Accounts receivable - Libya	$ 48,967,000				$ 59,937,000
Cash proceeds from collection of accounts receivable		$ 6,631,000	$ 6,631,000	$ 2,880,000
Decrease due to foreign exchange losses	$ 1,459,000

Intangible Assets (Details)

Intangible Assets (Details) - USD ($) $ in Thousands	Mar. 31, 2015	Dec. 31, 2014
Summary of acquired intangible assets
Gross Carrying Amount	$ 47,487	$ 50,822
Accumulated Amortization	31,121	31,540
Intangible assets, net	16,366	19,282
Client relationship
Summary of acquired intangible assets
Gross Carrying Amount	33,825	36,412
Accumulated Amortization	20,312	20,758
Acquired contract rights
Summary of acquired intangible assets
Gross Carrying Amount	10,989	11,387
Accumulated Amortization	9,779	9,717
Trade names
Summary of acquired intangible assets
Gross Carrying Amount	2,673	3,023
Accumulated Amortization	$ 1,030	$ 1,065

Intangible Assets (Details 2)

Intangible Assets (Details 2) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2015	Dec. 31, 2014
Intangible Assets
Amortization expense related to intangible assets	$ 1,420	$ 1,586
Estimated amortization expense of intangible assets for the next five years
2015 (remaining 9 months)	3,684
2,016	3,712
2,017	2,766
2,018	1,879
2,019	$ 1,609

Goodwill (Details)

Goodwill (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2015USD ($)
Summary of changes in carrying value of goodwill during 2015
Balance at the beginning of the period	$ 80,437
Translation adjustments	(5,903)
Balance at the end of the period	74,534
Project Management
Summary of changes in carrying value of goodwill during 2015
Balance at the beginning of the period	53,669
Translation adjustments	(4,749)
Balance at the end of the period	48,920
Construction Claims
Summary of changes in carrying value of goodwill during 2015
Balance at the beginning of the period	26,768
Translation adjustments	(1,154)
Balance at the end of the period	$ 25,614

Accounts Payable and Accrued 46

Accounts Payable and Accrued Expenses (Details) - USD ($) $ in Thousands	Mar. 31, 2015	Dec. 31, 2014
Components of accounts payable and accrued expenses
Accounts payable	$ 35,062	$ 32,701
Accrued payroll and related expenses	44,145	41,205
Accrued subcontractor fees	5,092	3,930
Accrued agency fees	5,598	6,920
Accrued legal and professional fees	1,037	1,099
Other accrued expenses	7,284	7,782
Accounts payable and accrued expenses, net	$ 98,218	$ 93,637

Notes Payable and Long-Term D47

Notes Payable and Long-Term Debt (Details) - USD ($) $ in Thousands	Mar. 31, 2015	Dec. 31, 2014
Summary of outstanding debt obligations
Long-term Debt, Total	$ 139,950	$ 128,236
Less current maturities	4,805	6,361
Notes Payable, Noncurrent	135,145	121,875
Term loan
Summary of outstanding debt obligations
Long-term Debt, Total	119,400	119,700
Revolving credit facility | Domestic Revolving Credit Facility
Summary of outstanding debt obligations
Long-term Debt, Total	9,500	200
Revolving credit facility | International Revolving Credit Facility
Summary of outstanding debt obligations
Long-term Debt, Total	4,440	2,554
Revolving credit facility | Consortium of banks in Spain
Summary of outstanding debt obligations
Long-term Debt, Total	4,479	5,037
Revolving credit facility | Ibercaja Bank In Spain
Summary of outstanding debt obligations
Long-term Debt, Total	556	$ 745
Revolving credit facility | National Bank of Abu Dhabi
Summary of outstanding debt obligations
Long-term Debt, Total	$ 1,575

Notes Payable and Long-Term D48

Notes Payable and Long-Term Debt (Details 2 )	Sep. 26, 2014USD ($)	Mar. 31, 2015USD ($)	Dec. 31, 2014USD ($)
Other Foreign Banks
Debt Instrument
Maximum borrowing capacity		$ 71,739,000
US Dollar Revolver | LIBOR
Debt Instrument
Basis of effective interest rate (as a percent)	3.75%
US Dollar Revolver | Base Rate
Debt Instrument
Basis of effective interest rate (as a percent)	2.75%
International Revolver | EURIBOR
Debt Instrument
Basis of effective interest rate (as a percent)	4.00%
Secured Credit Facilities
Debt Instrument
Cash excluded from consolidated net leverage ratio	$ 10,000,000
Debt instrument increase in applicable interest rate for past due account receivable limit exceeded	2.00%
Increase in applicable interest rate upon default (as a percent)	2.00%
Deferred financing fees		7,066,000
Term loan
Debt Instrument
Aggregate principal amount	$ 120,000,000
Percentage of prepayment premium that would be payable upon occurrence of repricing transactions within the first year following closing	1.00%
Mandatory prepayment percentage of the excess cash flow for each fiscal year with the first full fiscal year upon the achievement and maintenance of certain metrics	50.00%
Mandatory prepayment percentage of the excess cash flow for each fiscal year with the first full fiscal year upon the achievement net leverage ration is equal to or less than 2.25	25.00%
Consolidated net leverage limit for mandatory prepayment percentage of 25%	2.25
Mandatory prepayment percentage of the excess cash flow for each fiscal year with the first full fiscal year upon the achievement net leverage ration is equal to or less than 1.50	0.00%
Consolidated net leverage limit for mandatory prepayment percentage of 0%	1.50
Term of debt	6 years
Quarterly principal payment, percentage	0.25%
Debt issuance costs amortization term	6 years
Term loan | LIBOR
Debt Instrument
Basis of effective interest rate (as a percent)	6.75%
Term loan | LIBOR | Minimum
Debt Instrument
Variable interest rate basis floor (as a percent)	1.00%
Term loan | One Month LIBOR | Minimum
Debt Instrument
Basis of effective interest rate (as a percent)	1.00%
Term loan | Base Rate
Debt Instrument
Basis of effective interest rate (as a percent)	5.75%
Term loan | Federal Funds effective rate
Debt Instrument
Basis of effective interest rate (as a percent)	0.50%
Term loan | Other Assets.
Debt Instrument
Unamortized balances of expenses and fees		$ 6,477,000	$ 6,772,000
Revolving credit facility
Debt Instrument
Consolidated net leverage ratio not to exceed		3.50
Actual net consolidated leverage ratio		3.33
Term of debt	5 years
Deferred financing fees	$ 3,000,000
Debt issuance costs amortization term	5 years
Revolving credit facility | US Dollar Revolver
Debt Instrument
Maximum borrowing capacity	$ 30,000,000	$ 27,689,000
Unused facility commitment fees percentage	0.50%
Revolving credit facility | International Revolver
Debt Instrument
Maximum borrowing capacity	$ 15,000,000	15,000,000
Unused facility commitment fees percentage	0.75%
Percentage of eligible receivables that are subject to a perfected security interest which are used in calculation of borrowing base	85.00%
Percentage of eligible receivables that are not subject to a perfected security interest which are used in calculation of borrowing base	10.00%
Revolving credit facility | International Revolver | Other Foreign Banks | Foreign credit agreements
Debt Instrument
Amounts outstanding		6,813,000
Available borrowing capacity		6,016,000
Revolving credit facility | Other Assets.
Debt Instrument
Unamortized balances of expenses and fees		2,700,000	$ 2,850,000
Letters of credit | US Dollar Revolver
Debt Instrument
Maximum borrowing capacity	$ 25,000,000
Amounts outstanding		16,065,000
Available borrowing capacity		$ 2,125,000
Letters of credit | International Revolver
Debt Instrument
Maximum borrowing capacity	$ 10,000,000
Non Permitted Country | Secured Credit Facilities | Maximum
Debt Instrument
Percentage of receivables more than 120 days old	10.00%
United Arab Emirates | Secured Credit Facilities | Maximum
Debt Instrument
Percentage of receivables more than 120 days old	14.00%

Notes Payable and Long-Term D49

Notes Payable and Long-Term Debt (Details 3)	3 Months Ended
	Mar. 31, 2015EUR (€)item	Mar. 31, 2015USD ($)	Dec. 31, 2014EUR (€)	Dec. 31, 2014USD ($)
Description of terms of credit agreement
Total debt		$ 139,950,000		$ 128,236,000
Revolving credit facility | Consortium of banks in Spain
Description of terms of credit agreement
Total debt		$ 4,479,000		$ 5,037,000
Hill Spain | Revolving credit facility | Consortium of banks in Spain
Description of terms of credit agreement
Number of banks involved in revolving credit facility | item	6
Interest rate (as a percent)	6.50%	6.50%
Borrowing capacity	€ 4,155,000	$ 4,500,000	€ 5,640,000
Total debt	4,136,000	$ 4,479,000
Decrease in amount on quarterly basis | €	€ 15,000
Hill Spain | Revolving credit facility | Consortium of banks in Spain | December 31, 2014
Description of terms of credit agreement
Reduction in maximum available amount percentage			75.00%	75.00%
Hill Spain | Revolving credit facility | Consortium of banks in Spain | December 31, 2015
Description of terms of credit agreement
Reduction in maximum available amount percentage	50.00%	50.00%
Hill Spain | Revolving credit facility | Consortium of banks in Spain | Minimum
Description of terms of credit agreement
Total amount being financed by Financing Entity	€ 284,000	$ 308,000
Hill Spain | Revolving credit facility | Consortium of banks in Spain | Maximum
Description of terms of credit agreement
Total amount being financed by Financing Entity	€ 1,319,000	$ 1,428,000

Notes Payable and Long-Term D50

Notes Payable and Long-Term Debt (Details 4)	3 Months Ended
	Mar. 31, 2015AEDloanfacilityitem	Mar. 31, 2015BRL	Mar. 31, 2015EUR (€)	Mar. 31, 2015USD ($)
Other Foreign Banks
Description of terms of credit agreement
Maximum borrowing capacity				$ 71,739,000
Letters of credit outstanding				28,243,000
Line of credit | National Bank of Abu Dhabi
Description of terms of credit agreement
Maximum borrowing capacity	AED 11,500,000			3,131,000
Amounts outstanding	AED 5,786,000			$ 1,575,000
Line of credit | National Bank of Abu Dhabi | Emirates InterBank Offer Rate
Description of terms of credit agreement
Reference rate	one-month Emirates InterBank Offer Rate
Basis of effective interest rate (as a percent)	3.00%
Effective interest rate (as a percent)	4.37%
Line of credit | National Bank of Abu Dhabi | Emirates InterBank Offer Rate | Minimum
Description of terms of credit agreement
Interest rate (as a percent)	5.50%	5.50%	5.50%	5.50%
Letters of credit | National Bank of Abu Dhabi
Description of terms of credit agreement
Maximum borrowing capacity	AED 127,033,000			$ 34,589,000
Amounts outstanding	AED 127,033,000			34,589,000
Hill Spain | Line of credit | Ibercaja Bank In Spain
Description of terms of credit agreement
Maximum borrowing capacity			€ 525,000	$ 569,000
Decrease in amount on quarterly basis | €			€ 175,000
Interest rate (as a percent)	6.75%	6.75%	6.75%	6.75%
Amounts outstanding			€ 513,000	$ 556,000
Engineering S.A. | Revolving credit facility
Description of terms of credit agreement
Maximum borrowing capacity		BRL 2,200,000		$ 681,000
Number of revolving credit lines maintained by Engineering S.A. | item	3
Number of banks involved in revolving credit facility | loanfacility	2
Weighted average interest rate (as a percent)	3.25%	3.25%	3.25%	3.25%
Period of automatic renewal	3 months
Engineering S.A. | Line of credit | Brazil Bank Revolving Credit Facility 1
Description of terms of credit agreement
Amounts outstanding				$ 0

Supplemental Cash Flow Inform51

Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Summary of additional cash flow information
Interest and related financing fees paid	$ 2,802	$ 3,748
Income taxes paid	$ 906	1,967
Additional Paid-in Capital
Summary of additional cash flow information
Increase in additional paid in capital from issuance of shares - common stock from cashless exercise of stock options		538
CPI | Additional Paid-in Capital
Summary of additional cash flow information
Increase in additional paid in capital from issuance of shares of common stock related to purchase of CPI		$ 618

Earnings per Share (Details)

Earnings per Share (Details) - shares	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Earnings per Share
Dilutive stock options (in shares)	264,000	807,000
Total number of shares excluded from diluted earnings per common share	6,524,000	3,273,000

Share-Based Compensation (Detai

Share-Based Compensation (Details) - USD ($)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Share-Based Compensation
Options outstanding (in shares)	8,327,626
Weighted average exercise price of outstanding options (in dollars per share)	$ 4.46
Weighted average exercise price of options granted (in dollars per share)	$ 3.97
Weighted-average contractual life of options granted	7 years
Aggregate fair value of options granted (in dollars)	$ 2,097,000
Options lapsed (in shares)	56,500
Weighted average exercise price of options lapsed (in dollars per share)	$ 9.93
Share-based compensation expense recognized (in dollars)	$ 761,000	$ 797,000
Weighted average assumptions used to estimate the fair value of options granted
Average expected life	5 years
Volatility (as a percent)	59.90%
Weighted average risk-free interest rate (as a percent)	1.48%
2008 Employee Stock Purchase Plan
Share-Based Compensation
Shares purchased	565
Aggregate purchase price	$ 2,000
Options vesting over a five-year period
Share-Based Compensation
Options granted (in shares)	1,025,000
Award vesting period	5 years

Stockholders' Equity (Details)

Stockholders' Equity (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Increase (decrease) in stockholders' equity
Balance	$ 122,000
Net earnings	848	$ 5,548
Other comprehensive loss	(8,950)
Comprehensive earnings	(8,102)
Additional paid in capital	763
Balance	114,661
Hill International, Inc. Stockholders
Increase (decrease) in stockholders' equity
Balance	113,288
Net earnings	702
Other comprehensive loss	(7,640)
Comprehensive earnings	(6,938)
Additional paid in capital	763
Balance	107,113
Noncontrolling Interests
Increase (decrease) in stockholders' equity
Balance	8,712
Net earnings	146
Other comprehensive loss	(1,310)
Comprehensive earnings	(1,164)
Balance	$ 7,548

Income Taxes (Details)

Income Taxes (Details) - USD ($)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Effective income tax rate (as a percent)	58.30%	5.50%
Income tax expense resulting from adjustments	$ 85,000	$ 0
Components of earnings (loss) before income taxes
(Loss) earnings before income	2,032,000	5,872,000
Reserve for uncertain tax positions	975,000		$ 975,000
Potential interest and penalties related to uncertain tax positions	520,000		$ 520,000
Income tax (benefit) expense
Income tax expense	1,184,000	324,000
Federal
Components of earnings (loss) before income taxes
(Loss) earnings before income	(10,636,000)	(10,881,000)
Foreign Tax
Components of earnings (loss) before income taxes
(Loss) earnings before income	12,668,000	16,753,000
Income tax (benefit) expense
Income tax expense	$ 1,184,000	$ 324,000

Business Segment Information (D

Business Segment Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Revenue
Consulting Fee Revenue	$ 151,141	$ 137,249
Consulting fee revenue (as a percent)	100.00%	100.00%
Total Revenue	$ 170,268	$ 150,013
Total revenue (as a percent)	100.00%	100.00%
Project Management
Revenue
Consulting Fee Revenue	$ 112,117	$ 101,788
Consulting fee revenue (as a percent)	74.20%	74.20%
Total Revenue	$ 129,995	$ 113,169
Total revenue (as a percent)	76.30%	75.40%
Construction Claims
Revenue
Consulting Fee Revenue	$ 39,024	$ 35,461
Consulting fee revenue (as a percent)	25.80%	25.80%
Total Revenue	$ 40,273	$ 36,844
Total revenue (as a percent)	23.70%	24.60%

Business Segment Information 57

Business Segment Information (Details 2) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Operating Profit
Operating Profit	$ 5,606	$ 10,948
Equity in loss of affiliate	(183)
Operating segment | Project Management
Operating Profit
Operating Income Loss Before Attributable to Affiliate	12,788	15,891
Equity in loss of affiliate	(183)
Project Management	12,605	15,891
Operating segment | Construction Claims
Operating Profit
Operating Profit	2,333	2,618
Corporate
Operating Profit
Operating Profit	$ (9,332)	$ (7,561)

Business Segment Information 58

Business Segment Information (Details 3) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Depreciation and Amortization Expense
Depreciation and amortization expenses	$ 2,440	$ 2,427
Operating segment
Depreciation and Amortization Expense
Depreciation and amortization expenses	2,395	2,373
Operating segment | Project Management
Depreciation and Amortization Expense
Depreciation and amortization expenses	1,636	1,699
Operating segment | Construction Claims
Depreciation and Amortization Expense
Depreciation and amortization expenses	759	674
Corporate
Depreciation and Amortization Expense
Depreciation and amortization expenses	$ 45	$ 54

Business Segment Information 59

Business Segment Information (Details 4)	3 Months Ended
	Mar. 31, 2015USD ($)country	Mar. 31, 2014USD ($)country
Consulting Fee Revenue by Geographic Region
Consulting Fee Revenue	$ 151,141,000	$ 137,249,000
Consulting fee revenue (as a percent)	100.00%	100.00%
Total Revenue	$ 170,268,000	$ 150,013,000
Total revenue (as a percent)	100.00%	100.00%
U.S./Canada
Consulting Fee Revenue by Geographic Region
Consulting Fee Revenue	$ 35,257,000	$ 29,291,000
Consulting fee revenue (as a percent)	23.30%	21.30%
Total Revenue	$ 49,340,000	$ 35,630,000
Total revenue (as a percent)	29.00%	23.80%
Latin America
Consulting Fee Revenue by Geographic Region
Consulting Fee Revenue	$ 7,809,000	$ 10,748,000
Consulting fee revenue (as a percent)	5.20%	7.80%
Total Revenue	$ 7,813,000	$ 10,916,000
Total revenue (as a percent)	4.60%	7.30%
Europe
Consulting Fee Revenue by Geographic Region
Consulting Fee Revenue	$ 20,112,000	$ 20,439,000
Consulting fee revenue (as a percent)	13.30%	14.90%
Total Revenue	$ 21,414,000	$ 21,836,000
Total revenue (as a percent)	12.60%	14.60%
Middle East
Consulting Fee Revenue by Geographic Region
Consulting Fee Revenue	$ 74,274,000	$ 63,135,000
Consulting fee revenue (as a percent)	49.10%	46.00%
Total Revenue	$ 76,762,000	$ 66,844,000
Total revenue (as a percent)	45.10%	44.60%
Africa
Consulting Fee Revenue by Geographic Region
Consulting Fee Revenue	$ 7,063,000	$ 6,264,000
Consulting fee revenue (as a percent)	4.70%	4.60%
Total Revenue	$ 8,199,000	$ 7,156,000
Total revenue (as a percent)	4.80%	4.80%
Asia/Pacific
Consulting Fee Revenue by Geographic Region
Consulting Fee Revenue	$ 6,626,000	$ 7,372,000
Consulting fee revenue (as a percent)	4.40%	5.40%
Total Revenue	$ 6,740,000	$ 7,631,000
Total revenue (as a percent)	3.90%	4.90%
U.S.
Consulting Fee Revenue by Geographic Region
Consulting Fee Revenue	$ 34,423,000	$ 28,378,000
Consulting fee revenue (as a percent)	22.80%	20.70%
Total Revenue	$ 48,475,000	$ 34,741,000
Total revenue (as a percent)	28.50%	23.20%
Non - U.S.
Consulting Fee Revenue by Geographic Region
Consulting Fee Revenue	$ 116,718,000	$ 108,871,000
Consulting fee revenue (as a percent)	77.20%	79.30%
Total Revenue	$ 121,793,000	$ 115,272,000
Total revenue (as a percent)	71.50%	76.80%
Non - U.S. | Consulting fee revenue | Geographic concentration risk
Consulting Fee Revenue by Geographic Region
Number of countries | country	0	0
Non - U.S. | Total revenue | Geographic concentration risk
Consulting Fee Revenue by Geographic Region
Number of countries | country	0	0
United Arab Emirates
Consulting Fee Revenue by Geographic Region
Consulting Fee Revenue	$ 25,288,000	$ 16,490,000
Consulting fee revenue (as a percent)	16.70%	12.00%
Total Revenue	$ 25,527,000	$ 16,701,000
Total revenue (as a percent)	15.00%	11.10%
Oman
Consulting Fee Revenue by Geographic Region
Consulting Fee Revenue		$ 15,657,000
Consulting fee revenue (as a percent)		11.40%
Total Revenue		$ 18,009,000
Total revenue (as a percent)		12.00%
Saudi Arabia
Consulting Fee Revenue by Geographic Region
Consulting Fee Revenue	$ 15,748,000
Consulting fee revenue (as a percent)	10.40%

Business Segment Information 60

Business Segment Information (Details 5) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Consulting Fee Revenue and Total Revenue By Client Type
Consulting Fee Revenue	$ 151,141	$ 137,249
Consulting fee revenue (as a percent)	100.00%	100.00%
Total Revenue	$ 170,268	$ 150,013
Total revenue (as a percent)	100.00%	100.00%
U.S. federal government
Consulting Fee Revenue and Total Revenue By Client Type
Consulting Fee Revenue	$ 2,456	$ 3,365
Consulting fee revenue (as a percent)	1.60%	2.50%
Total Revenue	$ 3,012	$ 3,852
Total revenue (as a percent)	1.80%	2.60%
U.S. state, regional and local governments
Consulting Fee Revenue and Total Revenue By Client Type
Consulting Fee Revenue	$ 20,091	$ 16,342
Consulting fee revenue (as a percent)	13.30%	11.90%
Total Revenue	$ 31,155	$ 21,100
Total revenue (as a percent)	18.30%	14.10%
Foreign governments
Consulting Fee Revenue and Total Revenue By Client Type
Consulting Fee Revenue	$ 54,547	$ 53,437
Consulting fee revenue (as a percent)	36.10%	38.90%
Total Revenue	$ 58,138	$ 57,746
Total revenue (as a percent)	34.10%	38.50%
Private sector
Consulting Fee Revenue and Total Revenue By Client Type
Consulting Fee Revenue	$ 74,047	$ 64,105
Consulting fee revenue (as a percent)	49.00%	46.70%
Total Revenue	$ 77,963	$ 67,315
Total revenue (as a percent)	45.80%	44.80%

Business Segment Information 61

Business Segment Information (Details 6) - USD ($) $ in Thousands	Mar. 31, 2015	Dec. 31, 2014
Property, Plant and Equipment, Net by Geographic Location
Property, Plant and Equipment, Net by Geographic Location	$ 14,850	$ 11,643
U.S./Canada
Property, Plant and Equipment, Net by Geographic Location
Property, Plant and Equipment, Net by Geographic Location	6,670	3,358
Latin America
Property, Plant and Equipment, Net by Geographic Location
Property, Plant and Equipment, Net by Geographic Location	1,290	1,101
Europe
Property, Plant and Equipment, Net by Geographic Location
Property, Plant and Equipment, Net by Geographic Location	1,636	2,191
Middle East
Property, Plant and Equipment, Net by Geographic Location
Property, Plant and Equipment, Net by Geographic Location	3,634	3,428
Africa
Property, Plant and Equipment, Net by Geographic Location
Property, Plant and Equipment, Net by Geographic Location	851	901
Asia/Pacific
Property, Plant and Equipment, Net by Geographic Location
Property, Plant and Equipment, Net by Geographic Location	769	664
U.S.
Property, Plant and Equipment, Net by Geographic Location
Property, Plant and Equipment, Net by Geographic Location	6,670	3,358
Non - U.S.
Property, Plant and Equipment, Net by Geographic Location
Property, Plant and Equipment, Net by Geographic Location	$ 8,180	$ 8,285

Client Concentrations (Details)

Client Concentrations (Details) - client	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Consulting fee revenue | Customer concentration | Oman
Concentrations of Credit Risk
Number of clients		1
Percentage of concentration risk		11.00%
Total revenue | Customer concentration | Oman
Concentrations of Credit Risk
Number of clients		1
Percentage of concentration risk		10.00%
Total revenue | Contracts with U.S. federal government agencies
Concentrations of Credit Risk
Percentage of concentration risk	1.60%	2.50%

Commitments and Contingencies (

Commitments and Contingencies (Details)	1 Months Ended	3 Months Ended
	Apr. 30, 2015BRLshareholder	Mar. 31, 2015GBP (£)	Mar. 31, 2015USD ($)	Apr. 30, 2015USD ($)	Mar. 31, 2015USD ($)
ESA | Subsequent event
Acquisition-Related Contingencies
Ownership interest acquired (as a percent)	91.00%			91.00%
Number of minority shareholders who exercised Put Option | shareholder	2
Minority shareholders ownership percentage	19.00%			19.00%
Contingent consideration	BRL 11,816,000			$ 3,658,000
Cadogans
Acquisition-Related Contingencies
Acquisition consideration payable		£ 519,000	$ 830,000
Contingent consideration arrangement, evaluation period		2 years	2 years
Contingent consideration, minimum | £		£ 0
Contingent consideration | £		£ 200,000
Plaintiff
Acquisition-Related Contingencies
Possible loss contingency			$ 8,771,000
Invoices accrued plus interest					$ 2,340,000
Interest accrued					$ 500,000
Hill Spain | ESA
Acquisition-Related Contingencies
Ownership interest acquired (as a percent)		72.00%			72.00%
Multiple of earnings for determining purchase price of minority shares		7			7
Call option Purchase price premium if exercised by Gerens Hill (as a percent)		5.00%	5.00%
Call/put option exercise period after audited financial statements		3 months	3 months

Subsequent Events (Restated) (D

Subsequent Events (Restated) (Details)	Nov. 03, 2015USD ($)	Apr. 15, 2015TRYitem	Apr. 15, 2015USD ($)	Apr. 02, 2015USD ($)installment	Apr. 30, 2015BRLshareholder	May. 04, 2015shares	Apr. 30, 2015USD ($)	Apr. 15, 2015USD ($)item	Mar. 31, 2015USD ($)	Dec. 31, 2014USD ($)
Subsequent Events (Restated)
Total debt									$ 139,950,000	$ 128,236,000
Subsequent event
Stockholders' Equity
Number of preferred share purchase right per common stock share issued | shares						1
Subsequent event | Beneficial ownership of 15 percent acquired
Stockholders' Equity
Preferred share purchase right conversion price ratio						2
Subsequent event | IMS
Subsequent Events (Restated)
Number of professionals | item		80						80
Acquisitions
Cash payment		TRY 12,500,000	$ 4,594,000
Acquisition consideration payable		4,400,000	1,617,000
Subsequent event | IMS | Acquisition closing
Acquisitions
Cash payment		3,942,000	1,449,000
Subsequent event | IMS | Acquisition post closing
Acquisitions
Cash payment		8,558,000	3,145,000
Subsequent event | IMS | EBITDA Target 1
Acquisitions
Contingent consideration		1,700,000						$ 625,000
Subsequent event | IMS | EBITDA Target 1 | Minimum
Acquisitions
EBITDA Target		3,500,000	1,286,000
Subsequent event | IMS | EBITDA Target 2
Acquisitions
Contingent consideration		1,500,000						$ 551,000
Subsequent event | IMS | EBITDA Target 2 | Minimum
Acquisitions
EBITDA Target		3,200,000	$ 1,176,000
Subsequent event | IMS | EBITDA Target 2 | Maximum
Acquisitions
EBITDA Target | TRY		TRY 3,500,000
Subsequent event | ESA
Acquisitions
Contingent consideration					BRL 11,816,000		$ 3,658,000
Number of minority shareholders who exercised Put Option | shareholder					2
Minority shareholders ownership percentage					19.00%		19.00%
Ownership interest acquired (as a percent)					91.00%		91.00%
Subsequent event | Loans | PIDC
Subsequent Events (Restated)
Total debt				$ 750,000
Interest rate (as a percent)				2.75%
Number of installments | installment				144
Amount payable in each installment				$ 6,121
Subsequent event | Secured Credit Facilities
Subsequent Events (Restated)
Waiver fees and out-of-pocket expenses	$ 81,900