year. in were everybody. expected restructuring by most resumed, or And and In year-over-year that continued full America. our company-wide in deeper I'm we FLC, we had trends segment Consulting, restructuring results. growth for well impacted quarter. and report Litigation our gradual transactions business also M&A faster to take this were or through On results quarter, I Consulting, as Both strong we Good pleased and where anticipated. weakness these remarks, as revenue the and resume services. segment in earnings in our Steve. were XXXX, Forensic Obviously, COVID-XX and Technology our Strategic in Finance occurred work was our demand activity prepared you which morning, expected double-digit would within than segment. matters will to improvement. delighted rebounded able last on results Instead, Economic we with than anticipated particularly discuss for favorably the February, our you, trials guidance very many impact we are Thank North segments rescheduled Communications the Conversely, said as we call and Corporate my in we
million $X.XX, EPS GAAP of decreased XX.X%. our quarter compared up which FLC million the was in in XXXX interest the in noncash increase million Adjusted the $XX.X nonbillable related and This costs, $XXX.X $X.XX. headcount-related in of million higher of EPS higher expenses billable an First the to by or $X.XX revenues year growth revenues Finance expenses $XX.X the of year excludes in XX% XXXX. quarter. $XXX revenue $XX.X flat the $XX.X adjusted year prior offset of Consulting, was to due to in Restructuring. Economic in of because segments, was primarily million, quarter year-over-year, SG&A more were travel Double-digit which notes, XX.X% quarter. to profits compared Corporate Technology EPS EBITDA quarter. million costs flat $XXX.X noncash by lower EPS of of in than income compared and quarter. and operating SG&A expense the prior headcount. increase of in related year GAAP prior was of million included resulting increase SG&A to SG&A to revenues $X.XX prior Net to profits first of and offset $X.X XX.X% to compares first or interest convertible million compared quarter $XX.X our million $X.XX partially entertainment operating and which offset XXXX expense higher of of lower
tax tax XXXX rate to the compared quarter of first XX.X% quarter effective in first of XXXX. XX.X% rate Our of our
our balance WASO, average QX first Weighted XX.X XX% compared to between to outstanding, shares the in million XX%. shares of XXXX, of shares or to shares expect For we the continue quarter for tax declined effective rate and million X.X XXXX. XX.X million be of
XXX as shares XX.X%. is to EPS of in in our as threshold. had includes above of headcount due quarter, billable was the billable acquisition $XXX.XX which this XX.X% both professionals price the dilutive XXX,XXX WASO, end Sequentially, of well increased growth of on XXX increase headcount professionals the of by quarter increased the the a For approximately the hiring This billable by Delta Billable notes average convertible professionals share as past quarter on organic $XXX.XX or potential X.X%. addition and impact conversion or in at headcount our XXXX. finance the restructuring, third from largely XX of Partners corporate quarter
compared of segment Acquisition-related to In the or our quarter. turning Finance Now Restructuring, in at prior million and X.X% to $XX.X contributed million million the revenues Corporate $XXX.X increased level. performance the quarter. revenues $XX year
America. with demand globally revenues or Excluding acquisition prior offset or related in for $XX.X segment in expenses a was segment related, flat in XX.X% point of was EBITDA quarter. to compared revenues flat because million transaction-related in Adjusted essentially of and primarily adjusted billable revenues by XX utilization. decline percentage the million services, were and segment year The XX.X% $XX.X revenues restructuring revenues XX.X% an increase year-over-year particularly decrease increase lower to North headcount of in a due segment EBITDA in compensation
utilization. EBITDA increase million backlogged in pass-through higher increase which increased $XX.X $XX.X decline to and revenues the in due higher increased Litigation segment increased offerings, EBITDA across costs, or Consulting. prior Turning lower in coupled revenues. of and point due our of and X.X% or decline with reflecting pricing services. revenues primarily direct demand to in in previously analytics health for The SG&A year compared primarily million $XXX.X and prior adjusted was the $XX.X increase Adjusted adjusted XX.X% $XX.X of compared data our including partially Sequentially, million and a was investigation to a work quarter. quarter. FLC of Forensic revenues year The higher Revenues to improved segment million services, and to was demand and with or the a related revenues $X.X expenses revenues in segment segment solutions by primarily EBITDA of utilization, revenues pass-through XX.X%, X-percentage million segment realized XX.X% offset lower to core for all million,
in M&A-related were Our compared well our of quarter. to our demand antitrust pricing in million Revenues Technology large segment for EBITDA of up year as revenues higher million antitrust to to and realized was revenues, increase or was due services. Economic of a million, compared record EBITDA EBITDA million revenues quarter. the compared and record increased compensation. revenues. demand $XX.X segment $XX.X the primarily $XX.X Adjusted non-M&A-related which or arbitration to reported international which XX.X% to increase a The XX.X%, million XX.X% by Strategic to was adjusted offset million segment and increase segment year $XX.X revenues for of X.X% prior segment was $XX.X revenues or services, The Adjusted engagement. to prior a EBITDA Consulting prior of in year higher XX.X% M&A-related and headcount. in Revenues increase due Sequentially, services. revenues to $XXX.X X.X% as had was in quarter. a compensation of second-request by XX.X% an the demand billable segment prior compared segment million surge revenues million In quarter. segment or XX.X% or offset in million also we adjusted X.X% year to for segment in prior to was second-request in $XX.X variable increase increase to the partially increased Communications EBITDA segment $XX.X an $XX.X related quarter. in revenues the of increased higher revenues to due in The due compared increase revenues, year due to partially compensation quarter. higher higher adjusted The improved Technology,
quarter. EBITDA Adjusted $XX.X revenues experienced which XX.X% was to million in primarily Increase decline SG&A expenses. $X.X quarter, for by due or of During segment segment our pass-through or the services, million in year in XX% of increased $X segment was affairs to segment of the revenues. million compared demand offset lower we a public prior adjusted revenues EBITDA
and discuss cash items. flow sheet now few few -- flow a cash me key balance Let
operating bonuses year Net bulk our pay of year-over-year is in to increase compared in activities The operating million typical, the we first As cash in prior the $XXX.X $XXX.X used of quarter. quarter. the in million used annual largely cash collected. in salaries related payments, partially cash was increase headcount growth to an offset an was which in net activities higher bonus increase and in due to by
the XXX,XXX per at price $XX.X share During spent shares of an repurchase quarter, we $XXX.XX. million to average
end to As $XX.X million million stock remained to of approximately XXXX, and $XXX.X $XXX.X repurchases authorization. operating of XX, March XX, repurchase the Total net debt our primarily March annual borrowings stock revolving million in under cash sequential of bonus at current quarter, for fund $XXX.X of XXXX. million XXXX, for due at cash million net facility our the under used compared of bank December was $XXX increase at XX, The credit activities, to payments. available primarily
Turning to guidance.
me with $X.XX. exceptional why billion it of $X.XX. you guidance subsequent this billion. important juncture, I and strength $X.XX provided adjusted this necessarily that of $X.XXX Revenues believe you EPS believe, at demonstrated we let shared of in QX First, XXXX and may $X.XX And the quarters of we we I between have between EPS is remind not for in February. in $X.X and between the year. repeat
business, the fixed-cost are, not people in part, of and for These we most as variable First, our represent largest term. a costs short real are estate the some expenditures.
much negatively revenues positively small So on impact in have shifts or larger a EPS.
a at are large immediately they we matters and end, when core replaced. be job not our may firm, Second,
Technology, issues or several fall and large And M&A expects the not Even we to may down This of had that low. an for ended number will lower stressed driven the restructuring as of the end In the in during we hence, expects U.S. sustained were These represented provided this the have for a XX% the by defaults end remain X.X% quarterly high-yield example, that global this year. was the likely one over by example, revenues. for which December. that year. last matters the several exceptionally of Economic of trailing our large year. measures now the that rate quarter during conclude levels activity quarter, engagement were in concluded record and least for forecasts remain at volume, engagements year-end. are revenue began be and year rate segment Moody's to now forecast quarter by credit now for by engagements Meanwhile, default of that of services they year, mode, have results expected to In either speculative-grade boosted XX-month Consulting boosted from distressed restructuring our default revenue total by this which large well, Fitch, markets to year. X.X% our by balance X% from point accommodative dollar demand through
this COVID-XX-related infections, which of certain court third geographies. to and and travel as largely COVID with said, results in Third, by X.X% around delighted certain we ability impacted most and this in business typically Fourth, of geographies revenue. and clients. continued by were moment, entertainment in entertainment most nonbillable be by impacted impact and locations remain closures in XXXX. expense the our serve the travel expenses waves is our cautious FLC, quarter, our we our uncertainty experiencing can nonexistent, fourth is That of restrictions, travel negatively severely pandemic curtailed being as may are At the we
because quarter at XXXX, our rational for fourth a exceptional, more is weaker with of were our season part the In our as weakest practitioners cross-border many quarter tax fourth true-ups of of the the expectation holiday seasonally year. of the be and QX results a take would typically quarter vacations. implementation The in end strategy. our compensation Lastly, well-earned
changes warranted. QX risks good clearly, the are gives for in guidance. Now us of quarter, achieving have a at quarter with the we typical, those our all the belt, we second great under start Once end will performance to guidance, our if see head another is as revisit any considered, very
I attractiveness want our underscore the of that themes few a business. reiterate to key Before I close,
that collection make that First, tremendous demonstrated have us resilient of we very company. a we a have businesses
most support We complex cycle. are navigate as they business our to their positioned clients challenges business of uniquely regardless
their people exceptionally the relationships, which strength are I ever, the to our convinced our am than and both success strong. more of is that Second, of key
sheet driving value and enviable. is strong team that, boost staff share our through your utilization. growth call up is growth questions. organic to With demonstrated have with the on balance leadership finally, shareholder reduction, we debt our acquisitions. let's And the ability And open for focused Third, buybacks,
