FTI Consulting (FCN) 10-Q 25 Jul 19 2019 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information Document - shares	6 Months Ended
	Jun. 30, 2019	Jul. 18, 2019
Cover page.
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2019
Document Transition Report	false
Entity File Number	001-14875
Entity Registrant Name	FTI CONSULTING, INC
Entity Central Index Key	0000887936
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q2
Amendment Flag	false
Entity Incorporation, State or Country Code	MD
Entity Tax Identification Number	52-1261113
Entity Address, Address Line One	555 12th Street NW
Entity Address, City or Town	Washington
Entity Address, State or Province	DC
Entity Address, Postal Zip Code	20004
City Area Code	202
Local Phone Number	312-9100
Title of 12(b) Security	Common Stock, $0.01 par value
Trading Symbol	FCN
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		37,540,197

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Current assets
Cash and cash equivalents	$ 189,106	$ 312,069
Accounts receivable:
Billed receivables	557,412	437,797
Unbilled receivables	429,285	319,205
Allowance for doubtful accounts and unbilled services	(243,295)	(202,394)
Accounts receivable, net	743,402	554,608
Current portion of notes receivable	29,606	29,228
Prepaid expenses and other current assets	57,141	69,448
Total current assets	1,019,255	965,353
Property and equipment, net	87,376	84,577
Operating lease assets	155,100
Goodwill	1,172,557	1,172,316
Other intangible assets, net	30,920	34,633
Notes receivable, net	76,150	84,471
Other assets	30,005	37,771
Total assets	2,571,363	2,379,121
Current liabilities
Accounts payable, accrued expenses and other	138,344	104,600
Accrued compensation	280,512	333,536
Billings in excess of services provided	45,022	44,434
Total current liabilities	463,878	482,570
Long-term debt, net	290,531	265,571
Noncurrent operating lease liabilities	177,110
Deferred income taxes	155,799	155,088
Other liabilities	65,033	127,067
Total liabilities	1,152,351	1,030,296
Commitments and contingent liabilities
Stockholders' equity
Preferred stock, $0.01 par value; shares authorized — 5,000; none outstanding	0	0
Common stock, $0.01 par value; shares authorized — 75,000; shares issued and outstanding — 37,612 (2019) and 38,147 (2018)	376	381
Additional paid-in capital	242,075	299,534
Retained earnings	1,323,970	1,196,727
Accumulated other comprehensive loss	(147,409)	(147,817)
Total stockholders' equity	1,419,012	1,348,825
Total liabilities and stockholders' equity	$ 2,571,363	$ 2,379,121

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2019	Dec. 31, 2018
Statement of Financial Position [Abstract]
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	5,000,000	5,000,000
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	75,000,000	75,000,000
Common stock, shares issued (in shares)	37,612,000	38,147,000
Common stock, shares outstanding (in shares)	37,612,000	38,147,000

Condensed Consolidated Statemen

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Income Statement [Abstract]
Revenues	$ 606,119	$ 512,098	$ 1,157,393	$ 1,009,872
Operating expenses
Direct cost of revenues	386,266	330,318	735,332	651,435
Selling, general and administrative expenses	129,906	117,897	243,091	230,025
Amortization of other intangible assets	1,852	2,052	3,713	4,322
Operating expenses	518,024	450,267	982,136	885,782
Operating income	88,095	61,831	175,257	124,090
Other income (expense)
Interest income and other	2,609	2,474	2,768	674
Interest expense	(4,793)	(6,583)	(9,539)	(12,827)
Other income (expense)	(2,184)	(4,109)	(6,771)	(12,153)
Income before income tax provision	85,911	57,722	168,486	111,937
Income tax provision	21,313	14,113	41,243	29,383
Net income	$ 64,598	$ 43,609	$ 127,243	$ 82,554
Earnings per common share — basic (in dollars per share)	$ 1.75	$ 1.18	$ 3.44	$ 2.24
Earnings per common share — diluted (in dollars per share)	$ 1.69	$ 1.14	$ 3.33	$ 2.18
Other comprehensive income (loss), net of tax
Foreign currency translation adjustments, net of tax expense of $0	$ (4,815)	$ (23,683)	$ 408	$ (13,237)
Total other comprehensive income (loss), net of tax	(4,815)	(23,683)	408	(13,237)
Comprehensive income	$ 59,783	$ 19,926	$ 127,651	$ 69,317

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Income Statement [Abstract]
Foreign currency translation adjustments, tax expense	$ 0	$ 0	$ 0	$ 0

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Loss
Beginning Balance (in shares) at Dec. 31, 2017		37,729
Beginning Balance at Dec. 31, 2017	$ 1,191,971	$ 377	$ 266,035	$ 1,045,774	$ (120,215)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	38,945			38,945
Other comprehensive income (loss):
Cumulative translation adjustment	10,446				10,446
Issuance of common stock in connection with:
Exercise of options (in shares)		153
Exercise of options	5,794	$ 1	5,793
Restricted share grants, less net settled shares (in shares)		175
Restricted share grants, less net settled shares	(1,579)	$ 2	(1,581)
Stock units issued under incentive compensation plan	1,059		1,059
Purchase and retirement of common stock (in shares)		(337)
Purchase and retirement of common stock	(14,220)	$ (3)	(14,217)
Share-based compensation	4,676		4,676
Ending Balance (in shares) at Mar. 31, 2018		37,720
Ending Balance at Mar. 31, 2018	1,237,434	$ 377	261,765	1,085,061	(109,769)
Beginning Balance (in shares) at Dec. 31, 2017		37,729
Beginning Balance at Dec. 31, 2017	1,191,971	$ 377	266,035	1,045,774	(120,215)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	82,554
Other comprehensive income (loss):
Cumulative translation adjustment	(13,237)
Issuance of common stock in connection with:
Stock units issued under incentive compensation plan	1,059
Ending Balance (in shares) at Jun. 30, 2018		38,179
Ending Balance at Jun. 30, 2018	1,275,801	$ 382	280,201	1,128,670	(133,452)
Beginning Balance (in shares) at Mar. 31, 2018		37,720
Beginning Balance at Mar. 31, 2018	1,237,434	$ 377	261,765	1,085,061	(109,769)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	43,609			43,609
Other comprehensive income (loss):
Cumulative translation adjustment	(23,683)				(23,683)
Issuance of common stock in connection with:
Exercise of options (in shares)		360
Exercise of options	14,806	$ 4	14,802
Restricted share grants, less net settled shares (in shares)		99
Restricted share grants, less net settled shares	(252)	$ 1	(253)
Share-based compensation	3,887		3,887
Ending Balance (in shares) at Jun. 30, 2018		38,179
Ending Balance at Jun. 30, 2018	$ 1,275,801	$ 382	280,201	1,128,670	(133,452)
Beginning Balance (in shares) at Dec. 31, 2018	38,147	38,147
Beginning Balance at Dec. 31, 2018	$ 1,348,825	$ 381	299,534	1,196,727	(147,817)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	62,645			62,645
Other comprehensive income (loss):
Cumulative translation adjustment	5,223				5,223
Issuance of common stock in connection with:
Exercise of options (in shares)		55
Exercise of options	2,212	$ 1	2,211
Restricted share grants, less net settled shares (in shares)		153
Restricted share grants, less net settled shares	(2,739)	$ 1	(2,740)
Stock units issued under incentive compensation plan	1,346		1,346
Purchase and retirement of common stock (in shares)		(328)
Purchase and retirement of common stock	(21,883)	$ (3)	(21,880)
Share-based compensation	6,393		6,393
Ending Balance (in shares) at Mar. 31, 2019		38,027
Ending Balance at Mar. 31, 2019	$ 1,402,022	$ 380	284,864	1,259,372	(142,594)
Beginning Balance (in shares) at Dec. 31, 2018	38,147	38,147
Beginning Balance at Dec. 31, 2018	$ 1,348,825	$ 381	299,534	1,196,727	(147,817)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	127,243
Other comprehensive income (loss):
Cumulative translation adjustment	408
Issuance of common stock in connection with:
Stock units issued under incentive compensation plan	$ 1,346
Ending Balance (in shares) at Jun. 30, 2019	37,612	37,612
Ending Balance at Jun. 30, 2019	$ 1,419,012	$ 376	242,075	1,323,970	(147,409)
Beginning Balance (in shares) at Mar. 31, 2019		38,027
Beginning Balance at Mar. 31, 2019	1,402,022	$ 380	284,864	1,259,372	(142,594)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	64,598			64,598
Other comprehensive income (loss):
Cumulative translation adjustment	(4,815)				(4,815)
Issuance of common stock in connection with:
Exercise of options (in shares)		87
Exercise of options	3,076	$ 1	3,075
Restricted share grants, less net settled shares (in shares)		78
Restricted share grants, less net settled shares	(1,351)	$ 1	(1,352)
Purchase and retirement of common stock (in shares)		(580)
Purchase and retirement of common stock	(48,332)	$ (6)	(48,326)
Share-based compensation	$ 3,814		3,814
Ending Balance (in shares) at Jun. 30, 2019	37,612	37,612
Ending Balance at Jun. 30, 2019	$ 1,419,012	$ 376	$ 242,075	$ 1,323,970	$ (147,409)

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Stockholders' Equity (Unaudited) (Parenthetical) - shares shares in Thousands	3 Months Ended
	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2018	Mar. 31, 2018
Statement of Stockholders' Equity [Abstract]
Restricted share grants, net settled shares (in shares)	17	38	4	35

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Operating activities
Net income	$ 127,243	$ 82,554
Adjustments to reconcile net income to net cash used in operating activities:
Depreciation and amortization	14,304	16,253
Amortization and impairment of other intangible assets	3,713	4,322
Acquisition-related contingent consideration	186	232
Provision for doubtful accounts	6,260	8,710
Non-cash share-based compensation	10,207	8,563
Amortization of debt discount and issuance costs	5,748	993
Other	225	798
Changes in operating assets and liabilities, net of effects from acquisitions:
Accounts receivable, billed and unbilled	(186,854)	(99,299)
Notes receivable	8,343	4,214
Prepaid expenses and other assets	(1,953)	(4,151)
Accounts payable, accrued expenses and other	(11,606)	352
Income taxes	24,424	13,143
Accrued compensation	(55,183)	(58,547)
Billings in excess of services provided	505	(12,722)
Net cash used in operating activities	(54,438)	(34,585)
Investing activities
Purchases of property and equipment	(20,661)	(16,220)
Other	69	689
Net cash used in investing activities	(20,592)	(15,531)
Financing activities
Proceeds from lines of credit	20,000
Repayments of lines of credit		(25,000)
Deposits	1,014	2,602
Purchase and retirement of common stock	(66,893)	(14,220)
Net issuance of common stock under equity compensation plans	1,009	18,740
Payments for business acquisition liabilities	(2,282)	(3,029)
Net cash used in financing activities	(47,152)	(20,907)
Effect of exchange rate changes on cash and cash equivalents	(781)	(2,382)
Net decrease in cash and cash equivalents	(122,963)	(73,405)
Cash and cash equivalents, beginning of period	312,069	189,961
Cash and cash equivalents, end of period	189,106	116,556
Supplemental cash flow disclosures
Cash paid for interest	3,467	13,020
Cash paid for income taxes, net of refunds	16,820	16,137
Non-cash investing and financing activities:
Issuance of stock units under incentive compensation plans	1,346	1,059
Purchase and retirement of common stock not yet paid	$ 3,322	$ 0

Basis of Presentation and Signi

Basis of Presentation and Significant Accounting Policies	6 Months Ended
	Jun. 30, 2019
Accounting Policies [Abstract]
Basis of Presentation and Significant Accounting Policies	Basis of Presentation and Significant Accounting Policies Basis of Presentation The unaudited condensed consolidated financial statements of FTI Consulting, Inc., including its consolidated subsidiaries (collectively, the “Company,” “we,” “our” or “FTI Consulting”), presented herein, have been prepared in accordance with generally accepted accounting principles in the United States (“GAAP”) and under the rules and regulations of the Securities and Exchange Commission (“SEC”) for interim financial information. Some of the information and footnote disclosures normally included in annual financial statements have been condensed or omitted pursuant to those rules and regulations. Certain prior period amounts have been reclassified to conform to the current period presentation. In management’s opinion, the interim financial statements reflect all adjustments that are necessary for a fair presentation of the results for the interim periods presented. All adjustments made were normal recurring accruals. Results of operations for the interim periods presented herein are not necessarily indicative of results of operations for a full year. These financial statements should be read in conjunction with the consolidated financial statements and the notes thereto contained in our Annual Report on Form 10-K for the year ended December 31, 2018 filed with the SEC. Leases As of January 1, 2019, the Company adopted Accounting Standards Update ("ASU") 2016-02, Leases, which was amended in some respects by subsequent ASUs (collectively “ASC 842”) and supersedes existing lease guidance. The standard requires us to record right-of-use ("ROU") assets and corresponding lease liabilities on the balance sheet and disclose key quantitative and qualitative information about our lease contracts. Under ASC 842, we determine if a contract is a leasing arrangement at inception. ROU assets represent our right to control the use of an identified asset for the lease term and lease liabilities represent our obligation to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized at the commencement date based on the present value of lease payments over the lease term. We use the incremental borrowing rate on the commencement date in determining the present value of our lease payments. We recognize operating lease expense for our operating leases on a straight-line basis over the lease term, which may include renewal or termination options that are reasonably certain of exercise.

New Accounting Standards

New Accounting Standards	6 Months Ended
	Jun. 30, 2019
Accounting Changes and Error Corrections [Abstract]
New Accounting Standards	New Accounting Standards Recently Adopted Accounting Standards In February 2016, the Financial Accounting Standards Board ("FASB") issued ASU 2016-02, Leases , which was amended in some respects by subsequent ASUs. We adopted ASC 842 using the modified retrospective basis for reporting. In addition, we elected the package of practical expedients permitted under the transition guidance within the new standard, which allowed us to carry forward the historical lease classification for existing leases on the adoption date, and allowed us not to reassess whether an existing contract contains a lease or initial direct costs. As permitted by the guidance, prior comparative periods will not be adjusted under this method. See Note 1, "Basis of Presentation and Significant Accounting Policies" for a description of the significant accounting policies for our operating leases. See Note 9, "Leases" for the disclosures required under ASC 842. The adoption of this standard resulted in recognition of ROU assets in the amount of $148.5 million and lease liabilities in the amount of $206.7 million for operating leases on our Condensed Consolidated Balance Sheets as of January 1, 2019. Our existing deferred rent and cease-use liabilities were $62.3 million as of December 31, 2018 and were included as a reduction to the initial measurement of our operating lease assets. Our existing prepaid rent balance was $4.1 million as of December 31, 2018 and was included as a reduction to the initial measurement of our operating lease liabilities. There was no material impact on the Condensed Consolidated Statements of Comprehensive Income, Condensed Consolidated Statements of Stockholders’ Equity or Condensed Consolidated Statements of Cash Flows. Accounting Standards Not Yet Adopted In August 2018, the FASB issued ASU 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework—Changes to the Disclosure Requirements for Fair Value Measurement , which modifies the disclosure requirements for fair value measurements. The guidance promotes a framework to help improve the effectiveness of disclosures in the notes to the financial statements and is effective for annual and interim periods beginning after December 15, 2019, although early adoption is permitted. The Company is in the process of evaluating the impact of this new guidance on its consolidated financial statements. In August 2018, the FASB issued ASU 2018-15, Internal Use Software (Subtopic 350-40): Customer's Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That is a Service Contract

Earnings Per Common Share

Earnings Per Common Share	6 Months Ended
	Jun. 30, 2019
Earnings Per Share [Abstract]
Earnings Per Common Share	Earnings Per Common Share Basic earnings per common share is calculated by dividing net income by the weighted average number of common shares outstanding during the period. Diluted earnings per common share adjusts basic earnings per common share for the effects of potentially dilutive common shares. Potentially dilutive common shares include the dilutive effects of shares issuable under our equity compensation plans, including stock options and restricted shares, each using the treasury stock method. Because we expect to settle the principal amount of the outstanding 2.0% convertible senior notes due 2023 ("2023 Convertible Notes") in cash, we use the treasury stock method for calculating the potential dilutive effect of the conversion feature on earnings per common share, if applicable. The conversion feature will have a dilutive impact on earnings per common share when the average market price of our common stock for a given period exceeds the conversion price of $101.38 per share. As we did not meet this threshold during the three and six months ended June 30, 2019 , any shares of common stock potentially issuable upon conversion of the 2023 Convertible Notes are excluded from the calculation of diluted earnings per share. Three Months Ended June 30, Six Months Ended June 30, 2019 2018 2019 2018 Numerator — basic and diluted Net income $ 64,598 $ 43,609 $ 127,243 $ 82,554 Denominator Weighted average number of common shares outstanding — basic 36,960 37,001 36,970 36,851 Effect of dilutive stock options 459 558 445 430 Effect of dilutive restricted shares 749 712 778 661 Weighted average number of common shares outstanding — diluted 38,168 38,271 38,193 37,942 Earnings per common share — basic $ 1.75 $ 1.18 $ 3.44 $ 2.24 Earnings per common share — diluted $ 1.69 $ 1.14 $ 3.33 $ 2.18 Antidilutive stock options and restricted shares 25 44 38 330

Revenues

Revenues	6 Months Ended
	Jun. 30, 2019
Revenue from Contract with Customer [Abstract]
Revenues	Revenues We generate the majority of our revenues by providing consulting services to our clients. Most of our consulting service contracts are based on one of the following types of arrangements: • Time and expense arrangements require the client to pay us based on the number of hours worked at contractually agreed-upon rates. We recognize revenues for these arrangements based on hours incurred and contracted rates utilizing a right-to-invoice practical expedient because we have a right to consideration for services completed to date. • Fixed fee arrangements require the client to pay a pre-established fee in exchange for a predetermined set of professional services. We recognize revenues for these arrangements based on the proportional performance related to individual performance obligations within each arrangement; however, these arrangements generally have one performance obligation. • Performance-based or contingent arrangements represent forms of variable consideration. In these arrangements, our fees are based on the attainment of contractually defined objectives with our client, such as completing a business transaction or assisting the client in achieving a specific business objective. We recognize revenues earned to date by applying the proportional performance method. Revenues are recognized when we satisfy a performance obligation by transferring services promised in a contract to a customer and in an amount that reflects the consideration that we expect to receive in exchange for those services. Performance obligations in our contracts represent distinct or separate services that we provide to our customers. Revenues recognized during the current period may include revenues from performance obligations satisfied or partially satisfied in previous periods. This primarily occurs when the estimated transaction price has changed based on our current probability assessment over whether the agreed-upon outcome for our performance-based and contingent arrangements will be achieved. The aggregate amount of revenues recognized related to a change in the transaction price was $21.2 million and $23.7 million for the three and six months ended June 30, 2019 , respectively, and $4.5 million and $6.5 million for the three and six months ended June 30, 2018 , respectively. Unfulfilled performance obligations represent the remaining contract transaction prices allocated to the performance obligations that are unsatisfied. Unfulfilled performance obligations primarily consist of fees not yet recognized on a proportional performance basis for fixed fee arrangements and performance-based and contingent arrangements. As of June 30, 2019 and December 31, 2018 , the aggregate amount of the remaining contract transaction price allocated to unfulfilled performance obligations was $9.5 million and $8.8 million , respectively. We expect to recognize the majority of the related revenues over the next 24 months . Contract assets are defined as assets for which we have recorded revenue but are not yet entitled to receive our fees because certain events, such as completion of the measurement period or client approval, must occur. The contract asset balance was $6.8 million as of June 30, 2019 and $2.4 million as of December 31, 2018. Contract liabilities are defined as liabilities incurred when we have received consideration but have not yet performed the agreed upon services. This may occur when clients pay us upfront fees before we begin work for them. The contract liability balance was immaterial as of June 30, 2019 and December 31, 2018

Accounts Receivable and Allowan

Accounts Receivable and Allowance for Doubtful Accounts	6 Months Ended
	Jun. 30, 2019
Allowance For Doubtful Accounts And Unbilled Services [Abstract]
Accounts Receivable and Allowance for Doubtful Accounts	Accounts Receivable and Allowance for Doubtful Accounts Timing of revenue recognition often differs from the timing of billing to our customers. Generally, we transfer goods or services to a customer before the customer pays consideration or payment is due. If we have an unconditional right to invoice and receive payment for goods or services already provided, we record billed and unbilled receivables on our Condensed Consolidated Balance Sheets. Payment terms and conditions vary depending on the jurisdiction, market and type of service and whether regulatory or other third-party approvals are required. In addition, contracts may be negotiated per the client’s request, or at times we are asked to execute contracts in a form provided by customers that might include different terms. Our standard contract terms generally include a requirement of payment within 30 days where no contingencies exist. We record adjustments to the allowance for doubtful accounts and unbilled services as a reduction in revenues when there are changes in estimates of fee reductions, such as those fee reductions imposed by bankruptcy courts and other regulatory institutions for both billed and unbilled receivables. The allowance for doubtful accounts and unbilled services is also adjusted after the related work has been billed to the client and we discover that collectability is not reasonably assured. These adjustments are recorded to “Selling, general and administrative expenses” ("SG&A") on the Condensed Consolidated Statements of Comprehensive Income. Our bad debt expense totaled $2.5 million and $6.3 million for the three and six months ended June 30, 2019 , respectively, and $3.0 million and $8.7 million for the three and six months ended June 30, 2018 , respectively.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	6 Months Ended
	Jun. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets Goodwill The table below summarizes the changes in the carrying amount of goodwill by reportable segment: Corporate Finance & Restructuring Forensic and Litigation Consulting Economic Consulting Technology Strategic Communications Total Balance at December 31, 2018 Goodwill $ 450,997 $ 231,537 $ 268,547 $ 96,723 $ 318,651 $ 1,366,455 Accumulated goodwill impairment — — — — (194,139 ) (194,139 ) Goodwill, net at December 31, 2018 450,997 231,537 268,547 96,723 124,512 1,172,316 Foreign currency translation adjustment and other 292 (29 ) (14 ) — (8 ) 241 Balance at June 30, 2019 Goodwill 451,289 231,508 268,533 96,723 318,643 1,366,696 Accumulated goodwill impairment — — — — (194,139 ) (194,139 ) Goodwill, net at June 30, 2019 $ 451,289 $ 231,508 $ 268,533 $ 96,723 $ 124,504 $ 1,172,557 Other Intangible Assets Other intangible assets with finite lives, comprised primarily of customer relationships, are amortized over their estimated useful lives. We recorded amortization expense of $1.9 million and $3.7 million for the three and six months ended June 30, 2019 , respectively, and $2.1 million and $4.3 million for the three and six months ended June 30, 2018 , respectively. We estimate our future amortization expense for our intangible assets with finite lives to be as follows: Year As of June 30, 2019 (1) 2019 (remaining) $ 3,591 2020 7,172 2021 6,653 2022 4,909 2023 1,691 Thereafter 1,804 $ 25,820 (1) Actual amortization expense to be reported in future periods could differ from these estimates because of new intangible asset acquisitions, changes in useful lives or other relevant factors or changes.

Financial Instruments

Financial Instruments	6 Months Ended
	Jun. 30, 2019
Fair Value Disclosures [Abstract]
Financial Instruments	Financial Instruments The following table presents the carrying amounts and estimated fair values of our financial instruments by hierarchy level as of June 30, 2019 and December 31, 2018 : June 30, 2019 Hierarchy Level Carrying Amount Level 1 Level 2 Level 3 Liabilities Acquisition-related contingent consideration, including current portion (1) $ 2,142 $ — $ — $ 2,142 Long-term debt (2) 290,531 — 353,792 — Total $ 292,673 $ — $ 353,792 $ 2,142 December 31, 2018 Hierarchy Level Carrying Amount Level 1 Level 2 Level 3 Liabilities Acquisition-related contingent consideration, including current portion (1) $ 2,960 $ — $ — $ 2,960 Long-term debt (2) 265,571 — 291,837 — Total $ 268,531 $ — $ 291,837 $ 2,960 (1) The short-term portion is included in “Accounts payable, accrued expenses and other,” and the long-term portion is included in “Other liabilities” on the Condensed Consolidated Balance Sheets. (2) The carrying values include unamortized deferred debt issue costs and debt discount. The fair values of financial instruments not included in this table are estimated to be equal to their carrying values as of June 30, 2019 and December 31, 2018 . We estimate the fair value of our 2023 Convertible Notes based on their last actively traded prices. The fair value of our borrowings on our senior secured bank revolving credit facility approximates the carrying amount. The fair value of our debt is classified within Level 2 of the fair value hierarchy because it is traded in less active markets. We estimate the fair value of acquisition-related contingent consideration using a probability-weighted discounted cash flow model. This fair value estimate represents a Level 3 measurement as it is based on significant inputs not observed in the market and reflect our own assumptions. The significant unobservable inputs used in the fair value measurements of our acquisition-related contingent consideration are our measures of the future profitability and related cash flows and discount rates. The fair value of the contingent consideration is reassessed at each reporting period by the Company based on additional information as it becomes available. Any change in the fair value of an acquisition’s contingent consideration liability results in a remeasurement gain or loss that is recorded in “Selling, general and administrative expenses” on the Consolidated Statements of Comprehensive Income. During the three and six months ended June 30, 2019 and 2018 , there was no

Debt

Debt	6 Months Ended
	Jun. 30, 2019
Debt Disclosure [Abstract]
Debt	Debt The table below summarizes the components of the Company’s debt: June 30, December 31, 2023 Convertible Notes $ 316,250 $ 316,250 Credit Facility 20,000 — Total debt 336,250 316,250 Less: deferred debt discount (39,753 ) (43,998 ) Less: deferred debt issue costs (5,966 ) (6,681 ) Long-term debt, net (1) $ 290,531 $ 265,571 Additional paid-in capital $ 35,306 $ 35,306 Discount attribution to equity (1,175 ) (1,175 ) Equity component, net $ 34,131 $ 34,131 (1) There were no current portions of long-term debt as of June 30, 2019 and December 31, 2018 . 2023 Convertible Notes On August 20, 2018, we issued the 2023 Convertible Notes with an aggregate principal amount of $316.3 million . The 2023 Convertible Notes bear interest at a fixed rate of 2.0% per year, payable semiannually in arrears on February 15th and August 15th of each year and will mature on August 15, 2023, unless earlier converted or repurchased. The 2023 Convertible Notes are senior unsecured obligations of the Company. The 2023 Convertible Notes are convertible at an initial conversion rate of 9.8643 shares of our common stock per $1,000 principal amount of the 2023 Convertible Notes (equivalent to an initial conversion price of approximately $101.38 per share of common stock). The circumstances required to allow the holders to convert their 2023 Convertible Notes were not met as of June 30, 2019 . The excess of the principal amount of the liability over its carrying amount ("debt discount") is amortized to interest expense over the term of the 2023 Convertible Notes using the effective interest rate method. We incurred debt issue costs and allocated the total amount to the liability and equity components of the 2023 Convertible Notes based on their relative values. The debt issue costs attributable to the liability component are amortized to interest expense over the term of the 2023 Convertible Notes using the effective interest rate method. Issuance costs attributable to the equity component were netted with the equity component in stockholders' equity. The table below summarizes the amount of interest cost recognized by us for both the contractual interest expense and amortization of the debt discount for the 2023 Convertible Notes: Three Months Ended June 30, Six Months Ended June 30, 2019 2018 2019 2018 Contractual interest expense $ 1,581 $ — $ 3,162 $ — Amortization of debt discount (1) 2,137 — 4,245 — Total $ 3,718 $ — $ 7,407 $ — (1) The effective interest rate of the liability component was 5.45% as of June 30, 2019 . Credit Facility On June 26, 2015, we entered into a credit agreement, which provides for a $550.0 million senior secured bank revolving credit facility (“Original Credit Facility”) maturing on June 26, 2020. In November 2018, we amended and restated the credit agreement to, among other things, extend the maturity of the Original Credit Facility to November 30, 2023 and incurred an additional $1.7 million of debt issuance costs (the Original Credit Facility as amended and restated, the “Credit Facility”). The Company has classified the borrowings under the Company’s Credit Facility as long-term debt in the accompanying Condensed Consolidated Balance Sheets, as amounts due under the credit agreement are not contractually required or expected to be liquidated for more than one year from the applicable balance sheet date. Additionally, $1.0 million of the borrowing limit under the Credit Facility was utilized for letters of credit as of June 30, 2019 . There were $2.8 million and $3.6 million of unamortized debt issue costs related to the Credit Facility as of June 30, 2019 and December 31, 2018 , respectively. These amounts were included in “Other assets” on our Condensed Consolidated Balance Sheets.

Leases

Leases	6 Months Ended
	Jun. 30, 2019
Leases [Abstract]
Leases	Leases We lease office space and equipment under non-cancelable operating leases. We recognize operating lease expense on a straight-line basis over the lease term. Leases with an initial term of 12 months or less are not recorded on the balance sheet. Most leases include one or more options to renew, with renewal terms that can extend the lease term from one to nine years . The exercise of lease renewal options is at our sole discretion. Certain of our lease agreements include rental payments that are adjusted periodically for inflation. Our lease agreements do not contain any material residual value guarantees or material restrictive covenants. The table below summarizes the carrying amount of our operating lease assets and liabilities: Leases Classification As of June 30, 2019 Assets Operating lease assets Operating lease assets $ 155,100 Total lease assets $ 155,100 Liabilities Current Operating lease liabilities Accounts payable, accrued expenses and other $ 29,653 Noncurrent Operating lease liabilities Noncurrent operating lease liabilities 177,110 Total lease liabilities $ 206,763 The table below summarizes total lease costs for the three and six months ended June 30, 2019 , respectively: Lease Cost Three Months Ended Six Months Ended Operating lease costs $ 11,044 $ 21,909 Short-term lease costs 566 1,429 Variable lease costs 2,685 5,698 Sublease income (1,246 ) (2,443 ) Total lease cost $ 13,049 $ 26,593 We sublease certain of our leased office spaces to third parties. Our sublease portfolio consists of leases of office space that we have abandoned before the lease term expiration. Operating lease expense on abandoned office space is reduced by sublease rental income, which is recorded to SG&A expenses on the Condensed Consolidated Statements of Comprehensive Income. Our sublease arrangements do not contain renewal options or restrictive covenants. We estimate future sublease rental income to be $2.7 million in 2019, $4.9 million in 2020, $4.5 million in 2021, $0.7 million in 2022, $0.6 million in 2023 and $0.9 million in years beyond 2023. The maturity analysis below summarizes the remaining future undiscounted cash flows for our operating leases, a reconciliation to operating lease liabilities reported on the Condensed Consolidated Balance Sheet, our weighted-average remaining lease term and weighted average discount rate: As of June 30, 2019 2019 (remaining) $ 15,170 2020 49,841 2021 46,881 2022 28,514 2023 23,973 Thereafter 88,704 Total future lease payments 253,083 Less: imputed interest (46,320 ) Total $ 206,763 Weighted Average Remaining Lease Term (years) Operating leases 6.7 Weighted Average Discount Rate Operating leases 5.6 % The table below summarizes cash paid for our operating lease liabilities and other non-cash information: Six Months Ended Cash paid for amounts included in the measurement of operating lease liabilities $ 23,199 Operating lease assets obtained in exchange for lease liabilities $ 19,162 Operating Lease Commitments Under Topic 840, our future minimum payments for all operating lease obligations that have initial non-cancelable lease terms exceeding one year, net of rental income from subleases as of December 31, 2018 were as follows: Operating Leases Sublease Rental Income 2019 $ 49,757 $ 4,760 2020 47,084 3,944 2021 44,480 3,864 2022 24,471 707 2023 20,309 614 Thereafter 75,190 939 Total $ 261,291 $ 14,828

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2019
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies We are subject to legal actions arising in the ordinary course of business. In management’s opinion, we believe we have adequate legal defenses and/or insurance coverage with respect to the eventuality of such actions. We do not believe any settlement or judgment relating to any pending legal action would materially affect our financial position or results of operations.

Share-Based Compensation

Share-Based Compensation	6 Months Ended
	Jun. 30, 2019
Share-based Payment Arrangement [Abstract]
Share-Based Compensation	Share-Based Compensation During the six months ended June 30, 2019 , we granted 198,113 restricted stock awards, 24,108 restricted stock units and 113,124 performance-based restricted stock units. These awards are recorded as equity on the Condensed Consolidated Balance Sheets. During the six months ended June 30, 2019 , stock options exercisable for up to 661 shares and 32,310 shares of restricted stock were forfeited prior to the completion of the applicable vesting requirements. Total share-based compensation expense, net of forfeitures, for the three and six months ended June 30, 2019 and 2018 is detailed in the following table: Three Months Ended June 30, Six Months Ended June 30, Income Statement Classification 2019 2018 2019 2018 Direct cost of revenues $ 2,559 $ 2,427 $ 7,802 $ 6,206 Selling, general and administrative expenses 2,698 3,158 5,130 5,347 Total share-based compensation expense $ 5,257 $ 5,585 $ 12,932 $ 11,553

Stockholders' Equity

Stockholders' Equity	6 Months Ended
	Jun. 30, 2019
Equity [Abstract]
Stockholders' Equity	Stockholders’ Equity On June 2, 2016, our Board of Directors authorized a stock repurchase program of up to $100.0 million (the “Repurchase Program”). On each of May 18, 2017, December 1, 2017 and February 21, 2019, our Board of Directors authorized an additional $100.0 million , respectively, increasing the Repurchase Program to an aggregate authorization of $400.0 million . No time limit has been established for the completion of the Repurchase Program, and the Repurchase Program may be suspended, discontinued or replaced by the Board of Directors at any time without prior notice. As of June 30, 2019 , we have $102.4 million available under the Repurchase Program to repurchase additional shares. The following table details our stock repurchases under the Repurchase Program: Three Months Ended June 30, Six Months Ended June 30, 2019 2018 2019 2018 Shares of common stock repurchased and retired 580 — 908 337 Average price paid per share $ 83.34 $ — $ 77.33 $ 42.17 Total cost $ 48,320 $ — $ 70,197 $ 14,213

Segment Reporting

Segment Reporting	6 Months Ended
	Jun. 30, 2019
Segment Reporting [Abstract]
Segment Reporting	Segment Reporting We manage our business in five reportable segments: Corporate Finance & Restructuring ("Corporate Finance"), Forensic and Litigation Consulting ("FLC"), Economic Consulting, Technology and Strategic Communications. Our Corporate Finance segment focuses on the strategic, operational, financial and capital needs of our clients around the world and delivers a wide range of service offerings related to restructuring, business transformation and transaction support. Our restructuring practice includes corporate restructuring, including bankruptcy and interim management services. Our business transformation and transactions practices include financial, operational and performance improvement services, as well as due diligence, financing advisory, mergers and acquisitions (“M&A”) advisory, M&A integration, carveout support and valuations. Our FLC segment provides law firms, companies, government clients and other interested parties with multidisciplinary, independent dispute advisory, investigations, data analytics, forensic accounting, business intelligence and risk mitigation services, as well as interim management and performance improvement services for our health solutions practice clients. Our Economic Consulting segment provides law firms, companies, government entities and other interested parties with analysis of complex economic issues for use in legal, regulatory and international arbitration proceedings, strategic decision making and public policy debates in the U.S. and around the world. Our Technology segment provides corporations and law firms with a comprehensive and global portfolio of consulting and services for information governance, privacy and security, electronic discovery ("e-discovery") and insight analytics. Our consulting expertise enables clients to more confidently govern, secure, find, analyze and rapidly understand their data in the context of compliance and risk. Our Strategic Communications segment designs and executes communications strategies for management teams and boards of directors to help them seize opportunities, manage financial, regulatory and reputational challenges, navigate market disruptions, articulate their brand, stake a competitive position, and preserve and grow their operations. We evaluate the performance of our operating segments based on Adjusted Segment EBITDA, a GAAP financial measure. We define Adjusted Segment EBITDA as a segment’s share of consolidated operating income before depreciation, amortization of intangible assets, remeasurement of acquisition-related contingent consideration, special charges and goodwill impairment charges. We define Total Adjusted Segment EBITDA, a non-GAAP financial measure, as the total of Adjusted Segment EBITDA for all segments, which excludes unallocated corporate expenses. We use Adjusted Segment EBITDA to internally evaluate the financial performance of our segments because we believe it reflects current core operating performance and provides an indicator of the segment’s ability to generate cash. The table below presents revenues and Adjusted Segment EBITDA for our reportable segments: Three Months Ended June 30, Six Months Ended June 30, 2019 2018 2019 2018 Revenues Corporate Finance $ 190,003 $ 141,355 $ 350,969 $ 284,277 FLC 145,870 133,527 284,867 261,566 Economic Consulting 155,502 133,308 297,773 266,417 Technology 55,632 46,429 106,968 87,343 Strategic Communications 59,112 57,479 116,816 110,269 Total revenues $ 606,119 $ 512,098 $ 1,157,393 $ 1,009,872 Adjusted Segment EBITDA Corporate Finance $ 50,492 $ 35,777 $ 87,853 $ 70,581 FLC 28,241 27,615 60,058 53,372 Economic Consulting 23,313 15,472 47,353 34,608 Technology 12,875 7,508 25,598 13,240 Strategic Communications 10,474 10,967 22,023 20,819 Total Adjusted Segment EBITDA $ 125,395 $ 97,339 $ 242,885 $ 192,620 The table below reconciles net income to Total Adjusted Segment EBITDA: Three Months Ended June 30, Six Months Ended June 30, 2019 2018 2019 2018 Net income $ 64,598 $ 43,609 $ 127,243 $ 82,554 Add back: Income tax provision 21,313 14,113 41,243 29,383 Interest income and other (2,609 ) (2,474 ) (2,768 ) (674 ) Interest expense 4,793 6,583 9,539 12,827 Unallocated corporate expenses 28,892 25,882 50,995 49,770 Segment depreciation expense 6,556 7,574 12,920 14,438 Amortization of intangible assets 1,852 2,052 3,713 4,322 Total Adjusted Segment EBITDA $ 125,395 $ 97,339 $ 242,885 $ 192,620

New Accounting Standards (Polic

New Accounting Standards (Policies)	6 Months Ended
	Jun. 30, 2019
Accounting Changes and Error Corrections [Abstract]
Leases	Leases As of January 1, 2019, the Company adopted Accounting Standards Update ("ASU") 2016-02, Leases, which was amended in some respects by subsequent ASUs (collectively “ASC 842”) and supersedes existing lease guidance. The standard requires us to record right-of-use ("ROU") assets and corresponding lease liabilities on the balance sheet and disclose key quantitative and qualitative information about our lease contracts. Under ASC 842, we determine if a contract is a leasing arrangement at inception. ROU assets represent our right to control the use of an identified asset for the lease term and lease liabilities represent our obligation to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized at the commencement date based on the present value of lease payments over the lease term. We use the incremental borrowing rate on the commencement date in determining the present value of our lease payments. We recognize operating lease expense for our operating leases on a straight-line basis over the lease term, which may include renewal or termination options that are reasonably certain of exercise.
New Accounting Standards	Recently Adopted Accounting Standards In February 2016, the Financial Accounting Standards Board ("FASB") issued ASU 2016-02, Leases , which was amended in some respects by subsequent ASUs. We adopted ASC 842 using the modified retrospective basis for reporting. In addition, we elected the package of practical expedients permitted under the transition guidance within the new standard, which allowed us to carry forward the historical lease classification for existing leases on the adoption date, and allowed us not to reassess whether an existing contract contains a lease or initial direct costs. As permitted by the guidance, prior comparative periods will not be adjusted under this method. See Note 1, "Basis of Presentation and Significant Accounting Policies" for a description of the significant accounting policies for our operating leases. See Note 9, "Leases" for the disclosures required under ASC 842. The adoption of this standard resulted in recognition of ROU assets in the amount of $148.5 million and lease liabilities in the amount of $206.7 million for operating leases on our Condensed Consolidated Balance Sheets as of January 1, 2019. Our existing deferred rent and cease-use liabilities were $62.3 million as of December 31, 2018 and were included as a reduction to the initial measurement of our operating lease assets. Our existing prepaid rent balance was $4.1 million as of December 31, 2018 and was included as a reduction to the initial measurement of our operating lease liabilities. There was no material impact on the Condensed Consolidated Statements of Comprehensive Income, Condensed Consolidated Statements of Stockholders’ Equity or Condensed Consolidated Statements of Cash Flows. Accounting Standards Not Yet Adopted In August 2018, the FASB issued ASU 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework—Changes to the Disclosure Requirements for Fair Value Measurement , which modifies the disclosure requirements for fair value measurements. The guidance promotes a framework to help improve the effectiveness of disclosures in the notes to the financial statements and is effective for annual and interim periods beginning after December 15, 2019, although early adoption is permitted. The Company is in the process of evaluating the impact of this new guidance on its consolidated financial statements. In August 2018, the FASB issued ASU 2018-15, Internal Use Software (Subtopic 350-40): Customer's Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That is a Service Contract

Earnings Per Common Share (Tabl

Earnings Per Common Share (Tables)	6 Months Ended
	Jun. 30, 2019
Earnings Per Share [Abstract]
Schedule of Earnings Per Share Basic and Diluted	Three Months Ended June 30, Six Months Ended June 30, 2019 2018 2019 2018 Numerator — basic and diluted Net income $ 64,598 $ 43,609 $ 127,243 $ 82,554 Denominator Weighted average number of common shares outstanding — basic 36,960 37,001 36,970 36,851 Effect of dilutive stock options 459 558 445 430 Effect of dilutive restricted shares 749 712 778 661 Weighted average number of common shares outstanding — diluted 38,168 38,271 38,193 37,942 Earnings per common share — basic $ 1.75 $ 1.18 $ 3.44 $ 2.24 Earnings per common share — diluted $ 1.69 $ 1.14 $ 3.33 $ 2.18 Antidilutive stock options and restricted shares 25 44 38 330

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Summary of Changes in Carrying Amounts of Goodwill by Operating Segment	The table below summarizes the changes in the carrying amount of goodwill by reportable segment: Corporate Finance & Restructuring Forensic and Litigation Consulting Economic Consulting Technology Strategic Communications Total Balance at December 31, 2018 Goodwill $ 450,997 $ 231,537 $ 268,547 $ 96,723 $ 318,651 $ 1,366,455 Accumulated goodwill impairment — — — — (194,139 ) (194,139 ) Goodwill, net at December 31, 2018 450,997 231,537 268,547 96,723 124,512 1,172,316 Foreign currency translation adjustment and other 292 (29 ) (14 ) — (8 ) 241 Balance at June 30, 2019 Goodwill 451,289 231,508 268,533 96,723 318,643 1,366,696 Accumulated goodwill impairment — — — — (194,139 ) (194,139 ) Goodwill, net at June 30, 2019 $ 451,289 $ 231,508 $ 268,533 $ 96,723 $ 124,504 $ 1,172,557
Schedule of Future Amortization Expense Intangible Assets	We estimate our future amortization expense for our intangible assets with finite lives to be as follows: Year As of June 30, 2019 (1) 2019 (remaining) $ 3,591 2020 7,172 2021 6,653 2022 4,909 2023 1,691 Thereafter 1,804 $ 25,820 (1) Actual amortization expense to be reported in future periods could differ from these estimates because of new intangible asset acquisitions, changes in useful lives or other relevant factors or changes.

Financial Instruments (Tables)

Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2019
Fair Value Disclosures [Abstract]
Schedule of Carrying and Estimated Fair Value of Other Financial Instruments	The following table presents the carrying amounts and estimated fair values of our financial instruments by hierarchy level as of June 30, 2019 and December 31, 2018 : June 30, 2019 Hierarchy Level Carrying Amount Level 1 Level 2 Level 3 Liabilities Acquisition-related contingent consideration, including current portion (1) $ 2,142 $ — $ — $ 2,142 Long-term debt (2) 290,531 — 353,792 — Total $ 292,673 $ — $ 353,792 $ 2,142 December 31, 2018 Hierarchy Level Carrying Amount Level 1 Level 2 Level 3 Liabilities Acquisition-related contingent consideration, including current portion (1) $ 2,960 $ — $ — $ 2,960 Long-term debt (2) 265,571 — 291,837 — Total $ 268,531 $ — $ 291,837 $ 2,960 (1) The short-term portion is included in “Accounts payable, accrued expenses and other,” and the long-term portion is included in “Other liabilities” on the Condensed Consolidated Balance Sheets. (2) The carrying values include unamortized deferred debt issue costs and debt discount.

Debt (Tables)

Debt (Tables)	6 Months Ended
	Jun. 30, 2019
Debt Disclosure [Abstract]
Summary of Components of Debt Obligations	The table below summarizes the components of the Company’s debt: June 30, December 31, 2023 Convertible Notes $ 316,250 $ 316,250 Credit Facility 20,000 — Total debt 336,250 316,250 Less: deferred debt discount (39,753 ) (43,998 ) Less: deferred debt issue costs (5,966 ) (6,681 ) Long-term debt, net (1) $ 290,531 $ 265,571 Additional paid-in capital $ 35,306 $ 35,306 Discount attribution to equity (1,175 ) (1,175 ) Equity component, net $ 34,131 $ 34,131 (1) There were no current portions of long-term debt as of June 30, 2019 and December 31, 2018 .
Summary of Interest Expense	The table below summarizes the amount of interest cost recognized by us for both the contractual interest expense and amortization of the debt discount for the 2023 Convertible Notes: Three Months Ended June 30, Six Months Ended June 30, 2019 2018 2019 2018 Contractual interest expense $ 1,581 $ — $ 3,162 $ — Amortization of debt discount (1) 2,137 — 4,245 — Total $ 3,718 $ — $ 7,407 $ — (1) The effective interest rate of the liability component was 5.45% as of June 30, 2019 .

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2019
Leases [Abstract]
Schedule of other lease information	The table below summarizes the carrying amount of our operating lease assets and liabilities: Leases Classification As of June 30, 2019 Assets Operating lease assets Operating lease assets $ 155,100 Total lease assets $ 155,100 Liabilities Current Operating lease liabilities Accounts payable, accrued expenses and other $ 29,653 Noncurrent Operating lease liabilities Noncurrent operating lease liabilities 177,110 Total lease liabilities $ 206,763 The table below summarizes cash paid for our operating lease liabilities and other non-cash information: Six Months Ended Cash paid for amounts included in the measurement of operating lease liabilities $ 23,199 Operating lease assets obtained in exchange for lease liabilities $ 19,162
Schedule of lease cost	The table below summarizes total lease costs for the three and six months ended June 30, 2019 , respectively: Lease Cost Three Months Ended Six Months Ended Operating lease costs $ 11,044 $ 21,909 Short-term lease costs 566 1,429 Variable lease costs 2,685 5,698 Sublease income (1,246 ) (2,443 ) Total lease cost $ 13,049 $ 26,593
Schedule of Future Minimum Lease Payments	The maturity analysis below summarizes the remaining future undiscounted cash flows for our operating leases, a reconciliation to operating lease liabilities reported on the Condensed Consolidated Balance Sheet, our weighted-average remaining lease term and weighted average discount rate: As of June 30, 2019 2019 (remaining) $ 15,170 2020 49,841 2021 46,881 2022 28,514 2023 23,973 Thereafter 88,704 Total future lease payments 253,083 Less: imputed interest (46,320 ) Total $ 206,763 Weighted Average Remaining Lease Term (years) Operating leases 6.7 Weighted Average Discount Rate Operating leases 5.6 % Under Topic 840, our future minimum payments for all operating lease obligations that have initial non-cancelable lease terms exceeding one year, net of rental income from subleases as of December 31, 2018 were as follows: Operating Leases Sublease Rental Income 2019 $ 49,757 $ 4,760 2020 47,084 3,944 2021 44,480 3,864 2022 24,471 707 2023 20,309 614 Thereafter 75,190 939 Total $ 261,291 $ 14,828

Share-Based Compensation (Table

Share-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2019
Share-based Payment Arrangement [Abstract]
Schedule of Share-Based Compensation Expense	Total share-based compensation expense, net of forfeitures, for the three and six months ended June 30, 2019 and 2018 is detailed in the following table: Three Months Ended June 30, Six Months Ended June 30, Income Statement Classification 2019 2018 2019 2018 Direct cost of revenues $ 2,559 $ 2,427 $ 7,802 $ 6,206 Selling, general and administrative expenses 2,698 3,158 5,130 5,347 Total share-based compensation expense $ 5,257 $ 5,585 $ 12,932 $ 11,553

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	6 Months Ended
	Jun. 30, 2019
Equity [Abstract]
Schedule of Stock Repurchases	The following table details our stock repurchases under the Repurchase Program: Three Months Ended June 30, Six Months Ended June 30, 2019 2018 2019 2018 Shares of common stock repurchased and retired 580 — 908 337 Average price paid per share $ 83.34 $ — $ 77.33 $ 42.17 Total cost $ 48,320 $ — $ 70,197 $ 14,213

Segment Reporting (Tables)

Segment Reporting (Tables)	6 Months Ended
	Jun. 30, 2019
Segment Reporting [Abstract]
Revenues and Adjusted Segment Earnings before Interest, Taxes, Depreciation and Amortization for Reportable Segments	The table below presents revenues and Adjusted Segment EBITDA for our reportable segments: Three Months Ended June 30, Six Months Ended June 30, 2019 2018 2019 2018 Revenues Corporate Finance $ 190,003 $ 141,355 $ 350,969 $ 284,277 FLC 145,870 133,527 284,867 261,566 Economic Consulting 155,502 133,308 297,773 266,417 Technology 55,632 46,429 106,968 87,343 Strategic Communications 59,112 57,479 116,816 110,269 Total revenues $ 606,119 $ 512,098 $ 1,157,393 $ 1,009,872 Adjusted Segment EBITDA Corporate Finance $ 50,492 $ 35,777 $ 87,853 $ 70,581 FLC 28,241 27,615 60,058 53,372 Economic Consulting 23,313 15,472 47,353 34,608 Technology 12,875 7,508 25,598 13,240 Strategic Communications 10,474 10,967 22,023 20,819 Total Adjusted Segment EBITDA $ 125,395 $ 97,339 $ 242,885 $ 192,620
Reconciliation of Net Income to Adjusted Segment Earnings before Interest, Taxes, Depreciation and Amortization	The table below reconciles net income to Total Adjusted Segment EBITDA: Three Months Ended June 30, Six Months Ended June 30, 2019 2018 2019 2018 Net income $ 64,598 $ 43,609 $ 127,243 $ 82,554 Add back: Income tax provision 21,313 14,113 41,243 29,383 Interest income and other (2,609 ) (2,474 ) (2,768 ) (674 ) Interest expense 4,793 6,583 9,539 12,827 Unallocated corporate expenses 28,892 25,882 50,995 49,770 Segment depreciation expense 6,556 7,574 12,920 14,438 Amortization of intangible assets 1,852 2,052 3,713 4,322 Total Adjusted Segment EBITDA $ 125,395 $ 97,339 $ 242,885 $ 192,620

New Accounting Standards (Detai

New Accounting Standards (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Jan. 01, 2019	Dec. 31, 2018
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating lease assets	$ 155,100
Total lease liabilities	$ 206,763
ACS 842
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating lease assets		$ 148,500
Total lease liabilities		$ 206,700
Deferred rent and cease-use liabilities			$ 62,300
Prepaid rent			$ 4,100

Earnings Per Common Share (Deta

Earnings Per Common Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2018	Mar. 31, 2018	Jun. 30, 2019	Jun. 30, 2018	Aug. 20, 2018
Earnings Per Common Share [Line Items]
Conversion price (in dollars per share)	$ 101.38				$ 101.38
Numerator — basic and diluted
Net income	$ 64,598	$ 62,645	$ 43,609	$ 38,945	$ 127,243	$ 82,554
Denominator
Weighted average number of common shares outstanding — basic (in shares)	36,960		37,001		36,970	36,851
Effect of dilutive stock options (in shares)	459		558		445	430
Effect of dilutive restricted shares (in shares)	749		712		778	661
Weighted average number of common shares outstanding — diluted (in shares)	38,168		38,271		38,193	37,942
Earnings per common share — basic (in dollars per share)	$ 1.75		$ 1.18		$ 3.44	$ 2.24
Earnings per common share — diluted (in dollars per share)	$ 1.69		$ 1.14		$ 3.33	$ 2.18
Stock Options And Restricted Shares
Denominator
Antidilutive stock options and restricted shares (in shares)	25		44		38	330
Senior Notes | Convertible Note Due 2023
Earnings Per Common Share [Line Items]
Interest rate (as a percent)	2.00%				2.00%
Conversion price (in dollars per share)							$ 101.38

Revenues (Details)

Revenues (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Revenue from Contract with Customer [Abstract]
Performance obligations satisfied or partially satisfied in previous periods	$ 21.2	$ 4.5	$ 23.7	$ 6.5
Contract asset	6.8		6.8		$ 2.4
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2019-01-01
Revenue from Contract with Customer [Abstract]
Unfulfilled performance obligations					$ 8.8
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligation expected duration					24 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2019-07-01
Revenue from Contract with Customer [Abstract]
Unfulfilled performance obligations	$ 9.5		$ 9.5
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligation expected duration	24 months		24 months

Accounts Receivable and Allow_2

Accounts Receivable and Allowance for Doubtful Accounts (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Allowance For Doubtful Accounts And Unbilled Services [Abstract]
Provision for doubtful accounts	$ 2,500	$ 3,000	$ 6,260	$ 8,710

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets - Changes in Carrying Amount of Goodwill (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2019USD ($)
Goodwill [Line Items]
Goodwill	$ 1,366,455
Accumulated goodwill impairment	(194,139)
Goodwill	1,172,316
Foreign currency translation adjustment and other	241
Goodwill	1,366,696
Accumulated goodwill impairment	(194,139)
Goodwill	1,172,557
Corporate Finance & Restructuring
Goodwill [Line Items]
Goodwill	450,997
Goodwill	450,997
Foreign currency translation adjustment and other	292
Goodwill	451,289
Goodwill	451,289
Forensic and Litigation Consulting
Goodwill [Line Items]
Goodwill	231,537
Goodwill	231,537
Foreign currency translation adjustment and other	(29)
Goodwill	231,508
Goodwill	231,508
Economic Consulting
Goodwill [Line Items]
Goodwill	268,547
Goodwill	268,547
Foreign currency translation adjustment and other	(14)
Goodwill	268,533
Goodwill	268,533
Technology
Goodwill [Line Items]
Goodwill	96,723
Goodwill	96,723
Foreign currency translation adjustment and other	0
Goodwill	96,723
Goodwill	96,723
Strategic Communications
Goodwill [Line Items]
Goodwill	318,651
Accumulated goodwill impairment	(194,139)
Goodwill	124,512
Foreign currency translation adjustment and other	(8)
Goodwill	318,643
Accumulated goodwill impairment	(194,139)
Goodwill	$ 124,504

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization of other intangible assets	$ 1,852	$ 2,052	$ 3,713	$ 4,322

Goodwill and Other Intangible_5

Goodwill and Other Intangible Assets - Future Amortization Expense (Details) $ in Thousands	Jun. 30, 2019USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2019 (remaining)	$ 3,591
2020	7,172
2021	6,653
2022	4,909
2023	1,691
Thereafter	1,804
Amortized intangible assets, Net Carrying Amount	$ 25,820

Financial Instruments (Details)

Financial Instruments (Details) - USD ($)	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Expense related to increase in fair value of future expected contingent consideration	$ 0	$ 0
Reported Value Measurement
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Acquisition-related contingent consideration, including current portion	2,142,000		$ 2,960,000
Long-term debt	290,531,000		265,571,000
Total	292,673,000		268,531,000
Level 1 | Estimate of Fair Value Measurement
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Acquisition-related contingent consideration, including current portion	0		0
Long-term debt	0		0
Total	0		0
Level 2 | Estimate of Fair Value Measurement
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Acquisition-related contingent consideration, including current portion	0		0
Long-term debt	353,792,000		291,837,000
Total	353,792,000		291,837,000
Level 3 | Estimate of Fair Value Measurement
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Acquisition-related contingent consideration, including current portion	2,142,000		2,960,000
Long-term debt	0		0
Total	$ 2,142,000		$ 2,960,000

Debt - Summary of Components of

Debt - Summary of Components of Debt Obligations (Details) - USD ($)	Jun. 30, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Total debt	$ 336,250,000	$ 316,250,000
Less: deferred debt discount	(39,753,000)	(43,998,000)
Less: deferred debt issue costs	(5,966,000)	(6,681,000)
Long-term debt, net	290,531,000	265,571,000
Additional paid-in capital	35,306,000	35,306,000
Discount attribution to equity	(1,175,000)	(1,175,000)
Equity component, net	34,131,000	34,131,000
Current portion of long-term debt	0	0
Convertible Note Due 2023
Debt Instrument [Line Items]
Total debt	316,250,000	316,250,000
Credit facility
Debt Instrument [Line Items]
Total debt	$ 20,000,000	$ 0

Debt - Additional Information (

Debt - Additional Information (Details)	Aug. 20, 2018USD ($)$ / shares	Jun. 30, 2019USD ($)$ / shares	Dec. 31, 2018USD ($)	Nov. 30, 2018USD ($)	Jun. 26, 2015USD ($)
Debt Instrument [Line Items]
Principal amount		$ 336,250,000	$ 316,250,000
Conversion price (in dollars per share) | $ / shares		$ 101.38
Unamortized debt issuance costs		$ 5,966,000	6,681,000
Line of Credit
Debt Instrument [Line Items]
Borrowing limit used		1,000,000
Convertible Note Due 2023
Debt Instrument [Line Items]
Principal amount		$ 316,250,000	316,250,000
Convertible Note Due 2023 | Senior Notes
Debt Instrument [Line Items]
Principal amount	$ 316,300,000
Interest rate (as a percent)		2.00%
Debt conversion ratio (in shares)	0.0098643
Conversion price (in dollars per share) | $ / shares	$ 101.38
Credit facility
Debt Instrument [Line Items]
Principal amount		$ 20,000,000	0
Credit facility | Line of Credit
Debt Instrument [Line Items]
Maximum borrowing capacity					$ 550,000,000
Debt issuance costs				$ 1,700,000
Borrowings outstanding			0
Unamortized debt issuance costs		$ 2,800,000	$ 3,600,000

Debt - Summary of Interest Expe

Debt - Summary of Interest Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Debt Instrument [Line Items]
Amortization of debt discount			$ 5,748	$ 993
Senior Notes | Convertible Note Due 2023
Debt Instrument [Line Items]
Contractual interest expense	$ 1,581	$ 0	3,162	0
Amortization of debt discount	2,137	0	4,245	0
Total	$ 3,718	$ 0	$ 7,407	$ 0
Effective interest rate (as a percent)	5.45%		5.45%

Leases - Additional Information

Leases - Additional Information (Details) $ in Millions	Jun. 30, 2019USD ($)
Sublease Rental Income
2019	$ 2.7
2020	4.9
2021	4.5
2022	0.7
2023	0.6
Thereafter	$ 0.9
Minimum
Lessee, Lease, Description [Line Items]
Renewal term	1 year
Maximum
Lessee, Lease, Description [Line Items]
Renewal term	9 years

Leases - Lease Assets and Liabi

Leases - Lease Assets and Liabilities (Details) $ in Thousands	Jun. 30, 2019USD ($)
Leases [Abstract]
Operating lease assets	$ 155,100
Current operating lease liabilities	29,653
Noncurrent operating lease liabilities	177,110
Total lease liabilities	$ 206,763

Leases - Lease Cost (Details)

Leases - Lease Cost (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2019
Leases [Abstract]
Operating lease costs	$ 11,044	$ 21,909
Short-term lease costs	566	1,429
Variable lease costs	2,685	5,698
Sublease income	(1,246)	(2,443)
Total lease cost	$ 13,049	$ 26,593

Leases - Maturity Analysis (Det

Leases - Maturity Analysis (Details) $ in Thousands	Jun. 30, 2019USD ($)
Leases [Abstract]
2019 (remaining)	$ 15,170
2020	49,841
2021	46,881
2022	28,514
2023	23,973
Thereafter	88,704
Total future lease payments	253,083
Less: imputed interest	(46,320)
Total lease liabilities	$ 206,763
Weighted Average Remaining Lease Term (years)	6 years 8 months 12 days
Weighted Average Discount Rate	5.60%

Leases - Cash Paid For Operatin

Leases - Cash Paid For Operating Leases and Noncash Information (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2019USD ($)
Leases [Abstract]
Cash paid for amounts included in the measurement of operating lease liabilities	$ 23,199
Operating lease assets obtained in exchange for lease liabilities	$ 19,162

Leases - Operating Lease Commit

Leases - Operating Lease Commitments (Details) $ in Thousands	Dec. 31, 2018USD ($)
Operating Leases
2019	$ 49,757
2020	47,084
2021	44,480
2022	24,471
2023	20,309
Thereafter	75,190
Total future lease payments	261,291
Sublease Rental Income
2019	4,760
2020	3,944
2021	3,864
2022	707
2023	614
Thereafter	939
Total	$ 14,828

Share-Based Compensation - Addi

Share-Based Compensation - Additional Information (Details) - Maximum	6 Months Ended
	Jun. 30, 2019shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options forfeited (in shares)	661
Restricted stock awards forfeited (in shares)	32,310
Restricted Stock Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based awards granted (in shares)	198,113
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based awards granted (in shares)	24,108
Performance-Based Restricted Unit
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based awards granted (in shares)	113,124

Share-Based Compensation - Sche

Share-Based Compensation - Schedule Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total share-based compensation expense	$ 5,257	$ 5,585	$ 12,932	$ 11,553
Direct cost of revenues
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total share-based compensation expense	2,559	2,427	7,802	6,206
Selling, general and administrative expenses
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total share-based compensation expense	$ 2,698	$ 3,158	$ 5,130	$ 5,347

Stockholders' Equity - Addition

Stockholders' Equity - Additional Information (Details) - USD ($) $ / shares in Units, shares in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2018	Mar. 31, 2018	Jun. 30, 2019	Jun. 30, 2018	Feb. 21, 2019	Dec. 01, 2017	May 18, 2017	Jun. 02, 2016
Stockholders Equity [Line Items]
Value of shares retired	$ 48,332,000	$ 21,883,000		$ 14,220,000
2016 Stock Repurchase Program
Stockholders Equity [Line Items]
Stock repurchase program authorized amount							$ 400,000,000			$ 100,000,000
Stock repurchase program additional amount authorized							$ 100,000,000	$ 100,000,000	$ 100,000,000
Available amount under repurchase program	$ 102,400,000				$ 102,400,000
Shares of common stock repurchased and retired (in shares)	580		0		908	337
Average price paid per share (in dollars per share)	$ 83.34		$ 0		$ 77.33	$ 42.17
Value of shares retired	$ 48,320,000		$ 0		$ 70,197,000	$ 14,213,000

Stockholders' Equity - Schedule

Stockholders' Equity - Schedule of Stock Repurchases (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2018	Mar. 31, 2018	Jun. 30, 2019	Jun. 30, 2018
Stockholders Equity [Line Items]
Total cost	$ 48,332	$ 21,883		$ 14,220
2016 Stock Repurchase Program
Stockholders Equity [Line Items]
Shares of common stock repurchased and retired (in shares)	580		0		908	337
Average price paid per share (in dollars per share)	$ 83.34		$ 0		$ 77.33	$ 42.17
Total cost	$ 48,320		$ 0		$ 70,197	$ 14,213

Segment Reporting - Additional

Segment Reporting - Additional Information (Details)	6 Months Ended
	Jun. 30, 2019segment
Segment Reporting [Abstract]
Number of reportable segments	5

Segment Reporting - Revenues an

Segment Reporting - Revenues and Adjusted Segment Earnings before Interest, Taxes, Depreciation and Amortization for Reportable Segments (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Segment Reporting Information [Line Items]
Revenues	$ 606,119	$ 512,098	$ 1,157,393	$ 1,009,872
Adjusted Segment EBITDA	125,395	97,339	242,885	192,620
Corporate Finance
Segment Reporting Information [Line Items]
Revenues	190,003	141,355	350,969	284,277
Adjusted Segment EBITDA	50,492	35,777	87,853	70,581
FLC
Segment Reporting Information [Line Items]
Revenues	145,870	133,527	284,867	261,566
Adjusted Segment EBITDA	28,241	27,615	60,058	53,372
Economic Consulting
Segment Reporting Information [Line Items]
Revenues	155,502	133,308	297,773	266,417
Adjusted Segment EBITDA	23,313	15,472	47,353	34,608
Technology
Segment Reporting Information [Line Items]
Revenues	55,632	46,429	106,968	87,343
Adjusted Segment EBITDA	12,875	7,508	25,598	13,240
Strategic Communications
Segment Reporting Information [Line Items]
Revenues	59,112	57,479	116,816	110,269
Adjusted Segment EBITDA	$ 10,474	$ 10,967	$ 22,023	$ 20,819

Segment Reporting - Reconciliat

Segment Reporting - Reconciliation of Net Income to Adjusted Segment Earnings before Interest, Taxes, Depreciation and Amortization (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2018	Mar. 31, 2018	Jun. 30, 2019	Jun. 30, 2018
Segment Reporting [Abstract]
Net income	$ 64,598	$ 62,645	$ 43,609	$ 38,945	$ 127,243	$ 82,554
Add back:
Income tax provision	21,313		14,113		41,243	29,383
Interest income and other	(2,609)		(2,474)		(2,768)	(674)
Interest expense	4,793		6,583		9,539	12,827
Unallocated corporate expenses	28,892		25,882		50,995	49,770
Segment depreciation expense	6,556		7,574		12,920	14,438
Amortization of intangible assets	1,852		2,052		3,713	4,322
Total Adjusted Segment EBITDA	$ 125,395		$ 97,339		$ 242,885	$ 192,620

Uncategorized Items - fti63019-

Label	Element	Value
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	$ 342,000
Retained Earnings [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	$ 342,000