Huron Consulting (HURN) 8-K Segment Operating Results and Other Operating Data

Exhibit 99.1

HURON CONSULTING GROUP INC.

SEGMENT OPERATING RESULTS AND OTHER OPERATING DATA

(Unaudited)

	Quarter Ended												Year Ended
Segment and Consolidated Operating Results (in thousands):	March 31, 2012			June 30, 2012			September 30, 2012			December 31, 2012			December 31, 2012
Huron Healthcare:
Revenues	$	63,465		$	62,707		$	74,999		$	87,591		$	288,762
Operating income	$	15,838		$	20,072		$	33,868		$	41,086		$	110,864
Segment operating income as a percent of segment revenues		25.0	%		32.0	%		45.2	%		46.9	%		38.4	%
Huron Education and Life Sciences:
Revenues	$	27,676		$	31,834		$	33,863		$	36,054		$	129,427
Operating income	$	6,458		$	9,187		$	12,406		$	10,232		$	38,283
Segment operating income as a percent of segment revenues		23.3	%		28.9	%		36.6	%		28.4	%		29.6	%
Huron Legal:
Revenues	$	41,383		$	45,907		$	46,153		$	51,475		$	184,918
Operating income	$	9,511		$	12,499		$	11,479		$	10,828		$	44,317
Segment operating income as a percent of segment revenues		23.0	%		27.2	%		24.9	%		21.0	%		24.0	%
Huron Financial:
Revenues	$	5,849		$	4,283		$	6,689		$	5,198		$	22,019
Operating income (loss)	$	233		$	(337	)	$	1,763		$	229		$	1,888
Segment operating income (loss) as a percent of segment revenues		4.0	%		(7.9	%)		26.4	%		4.4	%		8.6	%
All Other:
Revenues	$	264		$	(60	)	$	184		$	447		$	835
Operating loss	$	(799	)	$	(744	)	$	(428	)	$	(314	)	$	(2,285	)
Segment operating loss as a percent of segment revenues		N/M			N/M			N/M			N/M			N/M
Total Company:
Revenues	$	138,637		$	144,671		$	161,888		$	180,765		$	625,961
Reimbursable expenses		13,796			14,554			13,470			13,944			55,764
Total revenues and reimbursable expenses	$	152,433		$	159,225		$	175,358		$	194,709		$	681,725
Statement of earnings reconciliation:
Segment operating income	$	31,241		$	40,677		$	59,088		$	62,061		$	193,067
Charges not allocated at the segment level:
Other selling, general and administrative expenses		22,951			21,923			20,562			22,576			88,012
Depreciation and amortization expense		4,653			4,053			4,879			4,944			18,529
Goodwill impairment charge(1)		—			—			13,083			—			13,083
Total operating income		3,637			14,701			20,564			34,541			73,443
Other expense, net		1,533			2,178			2,176			1,908			7,795
Income from continuing operations before income tax expense	$	2,104		$	12,523		$	18,388		$	32,633		$	65,648
Other Operating Data (excluding All Other):
Number of full-time billable consultants (at period end)(2):
Huron Healthcare		755			757			778			801			801
Huron Education and Life Sciences		328			373			406			413			413
Huron Legal		118			129			134			139			139
Huron Financial		67			69			65			62			62
Total		1,268			1,328			1,383			1,415			1,415
Average number of full-time billable consultants (for the period)(2):
Huron Healthcare		738			753			768			801			764
Huron Education and Life Sciences		322			348			387			413			368
Huron Legal		116			123			128			136			126
Huron Financial		68			69			67			64			67
Total		1,244			1,293			1,350			1,414			1,325

HURON CONSULTING GROUP INC.

SEGMENT OPERATING RESULTS AND OTHER OPERATING DATA (CONTINUED)

(Unaudited)

	Quarter Ended												Year Ended
Other Operating Data (excluding All Other):	March 31, 2012			June 30, 2012			September 30, 2012			December 31, 2012			December 31, 2012
Full-time billable consultant utilization rate (3):
Huron Healthcare		83.7	%		78.8	%		77.4	%		81.2	%		80.3	%
Huron Education and Life Sciences		70.8	%		73.2	%		73.9	%		74.3	%		73.1	%
Huron Legal		70.7	%		68.7	%		66.9	%		63.7	%		67.4	%
Huron Financial		59.6	%		49.3	%		56.9	%		59.9	%		56.3	%
Total		77.8	%		74.8	%		74.4	%		76.6	%		75.9	%
Full-time billable consultant average billing rate per hour(4):
Huron Healthcare	$	195		$	203		$	251		$	271		$	230
Huron Education and Life Sciences	$	212		$	212		$	214		$	210		$	212
Huron Legal	$	234		$	239		$	265		$	220		$	240
Huron Financial	$	275		$	275		$	368		$	291		$	302
Total	$	206		$	211		$	246		$	251		$	229
Revenue per full-time billable consultant (in thousands):
Huron Healthcare	$	76		$	73		$	90		$	100		$	339
Huron Education and Life Sciences	$	73		$	77		$	74		$	71		$	295
Huron Legal	$	80		$	78		$	81		$	60		$	299
Huron Financial	$	81		$	61		$	96		$	80		$	318
Total	$	76		$	74		$	85		$	87		$	322
Average number of full-time equivalents (for the period)(5):
Huron Healthcare		112			112			111			110			111
Huron Education and Life Sciences		28			30			33			43			33
Huron Legal		897			954			1,082			1,298			1,054
Huron Financial		2			1			3			1			2
Total		1,039			1,097			1,229			1,452			1,200
Revenue per full-time equivalents (in thousands):
Huron Healthcare	$	67		$	69		$	56		$	67		$	259
Huron Education and Life Sciences	$	147		$	171		$	165		$	160		$	643
Huron Legal	$	36		$	38		$	33		$	33		$	140
Huron Financial(6)	$	187		$	41		$	77		$	52		$	350
Total	$	42		$	45		$	39		$	39		$	165

HURON CONSULTING GROUP INC.

SEGMENT OPERATING RESULTS AND OTHER OPERATING DATA

(Unaudited)

	Quarter Ended												Year Ended
Segment and Consolidated Operating Results (in thousands):	March 31, 2011			June 30, 2011			September 30, 2011			December 31, 2011			December 31, 2011
Huron Healthcare:
Revenues	$	59,213		$	73,589		$	72,518		$	75,064		$	280,384
Operating income	$	18,790		$	29,967		$	27,845		$	29,393		$	105,995
Segment operating income as a percent of segment revenues		31.7	%		40.7	%		38.4	%		39.2	%		37.8	%
Huron Education and Life Sciences:
Revenues	$	29,254		$	30,106		$	28,241		$	27,727		$	115,328
Operating income	$	8,825		$	9,142		$	8,074		$	7,010		$	33,051
Segment operating income as a percent of segment revenues		30.2	%		30.4	%		28.6	%		25.3	%		28.7	%
Huron Legal:
Revenues	$	37,317		$	39,972		$	43,501		$	51,565		$	172,355
Operating income	$	9,595		$	9,629		$	12,779		$	11,210		$	43,213
Segment operating income as a percent of segment revenues		25.7	%		24.1	%		29.4	%		21.7	%		25.1	%
Huron Financial:
Revenues	$	9,646		$	8,998		$	8,588		$	7,679		$	34,911
Operating income	$	2,970		$	2,768		$	2,824		$	1,366		$	9,928
Segment operating income as a percent of segment revenues		30.8	%		30.8	%		32.9	%		17.8	%		28.4	%
All Other :
Revenues	$	1,191		$	405		$	731		$	1,009		$	3,336
Operating loss	$	(1,724	)	$	(2,246	)	$	(687	)	$	(1,565	)	$	(6,222	)
Segment operating loss as a percent of segment revenues		N/M			N/M			N/M			N/M			N/M
Total Company:
Revenues	$	136,621		$	153,070		$	153,579		$	163,044		$	606,314
Reimbursable expenses		11,924			13,216			13,140			13,300			51,580
Total revenues and reimbursable expenses	$	148,545		$	166,286		$	166,719		$	176,344		$	657,894
Statement of earnings reconciliation:
Segment operating income	$	38,456		$	49,260		$	50,835		$	47,414		$	185,965
Charges not allocated at the segment level:
Other selling, general and administrative expenses		23,395			22,625			20,151			23,850			90,021
Depreciation and amortization expense		4,246			4,336			5,007			4,935			18,524
Goodwill impairment charge(1)		—			—			21,973			—			21,973
Total operating income		10,815			22,299			3,704			18,629			55,447
Other expense, net		3,468			3,600			3,333			1,936			12,337
Income from continuing operations before income tax expense	$	7,347		$	18,699		$	371		$	16,693		$	43,110
Other Operating Data (excluding All Other):
Number of full-time billable consultants (at period end)(2):
Huron Healthcare		631			651			707			714			714
Huron Education and Life Sciences		282			282			304			313			313
Huron Legal		131			115			107			113			113
Huron Financial		75			75			73			73			73
Total		1,119			1,123			1,191			1,213			1,213
Average number of full-time billable consultants (for the period)(2):
Huron Healthcare		607			637			679			716			657
Huron Education and Life Sciences		281			283			295			309			292
Huron Legal		121			123			112			111			117
Huron Financial		77			75			74			74			75
Total		1,086			1,118			1,160			1,210			1,141

HURON CONSULTING GROUP INC.

SEGMENT OPERATING RESULTS AND OTHER OPERATING DATA (CONTINUED)

(Unaudited)

	Quarter Ended												Year Ended
Other Operating Data (excluding All Other):	March 31, 2011			June 30, 2011			September 30, 2011			December 31, 2011			December 31, 2011
Full-time billable consultant utilization rate (3):
Huron Healthcare		87.1	%		74.9	%		81.1	%		79.8	%		80.6	%
Huron Education and Life Sciences		73.9	%		74.9	%		73.3	%		68.9	%		72.7	%
Huron Legal		55.9	%		54.9	%		64.1	%		68.1	%		60.5	%
Huron Financial		74.9	%		76.3	%		71.5	%		66.7	%		72.5	%
Total		79.5	%		73.0	%		76.9	%		75.1	%		76.1	%
Full-time billable consultant average billing rate per hour(4):
Huron Healthcare	$	214		$	292		$	265		$	272		$	260
Huron Education and Life Sciences	$	219		$	224		$	218		$	220		$	220
Huron Legal	$	236		$	231		$	236		$	248		$	238
Huron Financial	$	341		$	315		$	327		$	334		$	329
Total	$	225		$	271		$	254		$	260		$	253
Revenue per full-time billable consultant (in thousands):
Huron Healthcare	$	88		$	107		$	99		$	95		$	389
Huron Education and Life Sciences	$	79		$	83		$	78		$	72		$	312
Huron Legal	$	53		$	55		$	66		$	73		$	247
Huron Financial	$	124		$	115		$	111		$	98		$	448
Total	$	84		$	96		$	91		$	88		$	359
Average number of full-time equivalents (for the period)(5):
Huron Healthcare		92			94			102			120			103
Huron Education and Life Sciences		55			50			43			39			45
Huron Legal		863			973			1,032			1,192			1,015
Huron Financial		1			3			2			2			2
Total		1,011			1,120			1,179			1,353			1,165
Revenue per full-time equivalents (in thousands):
Huron Healthcare	$	63		$	55		$	53		$	58		$	229
Huron Education and Life Sciences	$	128		$	133		$	122		$	142		$	525
Huron Legal	$	36		$	34		$	35		$	36		$	141
Huron Financial	$	111		$	134		$	205		$	181		$	631
Total	$	43		$	41		$	40		$	41		$	165

(1) The goodwill impairment charge is not allocated at the segment level because the underlying goodwill asset is reflective of our corporate investments in the segments. We do not include the impact of goodwill impairment charges in our evaluation of segment performance.

(2) Consists of our full-time professionals who provide consulting services and generate revenues based on the number of hours worked.

(3) Utilization rate for our full-time billable consultants is calculated by dividing the number of hours all our full-time billable consultants worked on client assignments during a period by the total available working hours for all of these consultants during the same period, assuming a forty-hour work week, less paid holidays and vacation days.

(4) Average billing rate per hour for our full-time billable consultants is calculated by dividing revenues for a period by the number of hours worked on client assignments during the same period.

(5) Consists of project consultants and contractors who work variable schedules as needed by our clients and generate revenues primarily based on number of hours worked and units produced, such as pages reviewed and data processed. Also includes full-time employees who provide software support and maintenance services to our clients.

(6) Individual quarters do not sum to the respective full year amount due to rounding.

N/M – Not Meaningful