Document and Entity Information
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6 Months Ended | |
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Jun. 30, 2015
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Jul. 24, 2015
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Document Information [Line Items] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Period End Date | Jun. 30, 2015 | |
Document Fiscal Year Focus | 2015 | |
Document Fiscal Period Focus | Q2 | |
Trading Symbol | FCN | |
Entity Registrant Name | FTI CONSULTING INC | |
Entity Central Index Key | 0000887936 | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Large Accelerated Filer | |
Entity Common Stock, Shares Outstanding | 41,840,581 |
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End date of current fiscal year in the format --MM-DD. No definition available.
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This is focus fiscal period of the document report. For a first quarter 2006 quarterly report, which may also provide financial information from prior periods, the first fiscal quarter should be given as the fiscal period focus. Values: FY, Q1, Q2, Q3, Q4, H1, H2, M9, T1, T2, T3, M8, CY. No definition available.
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This is focus fiscal year of the document report in CCYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006. No definition available.
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The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements containing historical data, it is the date up through which that historical data is presented. If there is no historical data in the report, use the filing date. The format of the date is CCYY-MM-DD. No definition available.
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Indicate number of shares or other units outstanding of each of registrant's classes of capital or common stock or other ownership interests, if and as stated on cover of related periodic report. Where multiple classes or units exist define each class/interest by adding class of stock items such as Common Class A [Member], Common Class B [Member] or Partnership Interest [Member] onto the Instrument [Domain] of the Entity Listings, Instrument. No definition available.
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The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Condensed Consolidated Balance Sheets (Parenthetical) (USD $)
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Jun. 30, 2015
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Dec. 31, 2014
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Preferred stock, par value | $ 0.01 | $ 0.01 |
Preferred stock, shares authorized | 5,000,000 | 5,000,000 |
Preferred stock, shares outstanding | 0 | 0 |
Common stock, par value | $ 0.01 | $ 0.01 |
Common stock, shares authorized | 75,000,000 | 75,000,000 |
Common stock, shares issued | 41,807,000 | 41,181,000 |
Common stock, shares outstanding | 41,807,000 | 41,181,000 |
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Condensed Consolidated Statements of Comprehensive Income (USD $)
In Thousands, except Per Share data, unless otherwise specified |
3 Months Ended | 6 Months Ended | ||
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Jun. 30, 2015
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Jun. 30, 2014
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Jun. 30, 2015
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Jun. 30, 2014
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Revenues | $ 449,137 | $ 454,324 | $ 881,475 | $ 879,876 |
Operating expenses | ||||
Direct cost of revenues | 291,469 | 295,549 | 570,499 | 569,824 |
Selling, general and administrative expenses | 109,045 | 107,032 | 211,259 | 215,419 |
Special charges | 0 | 9,364 | 0 | 9,364 |
Acquisition-related contingent consideration | (1,538) | (5) | (1,304) | (1,848) |
Amortization of other intangible assets | 3,007 | 3,452 | 6,019 | 8,068 |
Costs and Expenses, Total | 401,983 | 415,392 | 786,473 | 800,827 |
Operating income | 47,154 | 38,932 | 95,002 | 79,049 |
Other income (expense) | ||||
Interest income and other | 950 | 1,448 | 813 | 2,451 |
Interest expense | (12,473) | (12,908) | (24,841) | (25,563) |
Other (expense) income | (11,523) | (11,460) | (24,028) | (23,112) |
Income before income tax provision | 35,631 | 27,472 | 70,974 | 55,937 |
Income tax provision | 13,922 | 10,225 | 25,579 | 20,573 |
Net income | 21,709 | 17,247 | 45,395 | 35,364 |
Earnings per common share-basic | $ 0.53 | $ 0.43 | $ 1.12 | $ 0.89 |
Earnings per common share-diluted | $ 0.52 | $ 0.42 | $ 1.09 | $ 0.87 |
Other comprehensive income (loss), net of tax: | ||||
Foreign currency translation adjustments, net of tax expense of $0 | 13,298 | 7,694 | (7,184) | 12,422 |
Total other comprehensive income (loss), net of tax | 13,298 | 7,694 | (7,184) | 12,422 |
Comprehensive income | $ 35,007 | $ 24,941 | $ 38,211 | $ 47,786 |
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Condensed Consolidated Statements of Comprehensive Income (Parenthetical) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | 6 Months Ended | ||
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Jun. 30, 2015
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Jun. 30, 2014
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Jun. 30, 2015
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Jun. 30, 2014
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Foreign currency translation adjustments, tax expense | $ 0 | $ 0 | $ 0 | $ 0 |
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Condensed Consolidated Statement of Stockholders' Equity (Parenthetical) (USD $)
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6 Months Ended |
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Jun. 30, 2015
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Exercise of options, income tax expense | $ 2,599 |
Restricted share grants, settled shares | 102 |
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The net cash associated with the amount received from holders to acquire the entity's shares under incentive and share awards, including stock option exercises. This item inherently excludes any excess tax benefit, which the entity may have realized and reported separately. No definition available.
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Basis of Presentation and Significant Accounting Policies
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6 Months Ended |
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Jun. 30, 2015
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Basis of Presentation and Significant Accounting Policies | 1. Basis of Presentation and Significant Accounting Policies 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 accounting principles generally accepted 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 contained in our Annual Report on Form 10-K for the year ended December 31, 2014. |
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Earnings Per Common Share
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Earnings Per Common Share | 2. Earnings Per Common Share Basic earnings per common share are calculated by dividing net income by the weighted average number of common shares outstanding during the period. Diluted earnings per common share adjust 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 stock, each using the treasury stock method.
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New Accounting Standards Not Yet Adopted
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6 Months Ended |
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Jun. 30, 2015
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New Accounting Standards Not Yet Adopted | 3. New Accounting Standards Not Yet Adopted In April 2015, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2015-03, Simplifying the Presentation of Debt Issuance Costs which changes the presentation of debt issuance costs in financial statements. ASU 2015-03 requires an entity to present such costs in the balance sheet as a direct deduction from the related debt liability rather than as an asset. Amortization of the costs will continue to be reported as interest expense. It is effective for annual reporting periods beginning after December 15, 2015. Early adoption is permitted. The new guidance will be applied retrospectively to each prior period presented. We do not expect the adoption of this ASU to have a material impact on our consolidated balance sheets. In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers, or ASU 2014-09, which requires a company to recognize revenue to depict the transfer of goods or services to a customer at an amount that reflects the consideration it expects to receive in exchange for those goods or services. On July 9, 2015, the FASB deferred the effective date of the standard by one year which would result in the new standard being effective for the Company at the beginning of its first quarter of fiscal year 2018. We have not evaluated the impact of the new standard, including possible transition alternatives, on the Company’s financial statements. |
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Special Charges
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Jun. 30, 2015
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Special Charges | 4. Special Charges There were no special charges recorded during the three and six months ended June 30, 2015. During the three months ended June 30, 2014, we recorded special charges totaling $9.4 million, of which $0.6 million was non-cash. The charges consisted of $7.9 million related to the termination of the Company’s corporate airplane lease and $1.5 million related to the closure of the Company’s West Palm Beach executive office and related lease termination. The total cash outflow associated with the special charges recorded in 2014, 2013 and 2012 is expected to be $65.1 million, of which $50.8 million has been paid as of June 30, 2015. Approximately $2.2 million is expected to be paid during the remainder of 2015, $3.3 million is expected to be paid in 2016, $3.1 million is expected to be paid in 2017, $2.7 million is expected to be paid in 2018, and the remaining balance of $3.0 million will be paid from 2019 to 2025. A liability for the current and noncurrent portions of the amounts to be paid is included in “Accounts payable, accrued expenses and other” and “Other liabilities,” respectively, on the Condensed Consolidated Balance Sheets. Activity related to the liability for these costs for the six months ended June 30, 2015 is as follows:
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Allowance for Doubtful Accounts and Unbilled Services
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6 Months Ended |
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Jun. 30, 2015
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Allowance for Doubtful Accounts and Unbilled Services | 5. Allowance for Doubtful Accounts and Unbilled Services We record adjustments to the allowance for doubtful accounts and unbilled services as a reduction in revenue when there are changes in estimates of fee reductions that may be 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” on the Condensed Consolidated Statements of Comprehensive Income and totaled $3.6 million and $6.6 million for the three and six months ended June 30, 2015, respectively, and $4.2 million and $8.7 million for the three and six months ended June 30, 2014, respectively. |
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Research and Development Costs
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6 Months Ended |
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Jun. 30, 2015
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Research and Development Costs | 6. Research and Development Costs Research and development costs related to software development totaled $4.8 million and $10.7 million for the three and six months ended June 30, 2015, respectively, and $4.6 million and $9.1 million for the three and six months ended June 30, 2014, respectively. Research and development costs are included in “Selling, general and administrative expenses” on the Condensed Consolidated Statements of Comprehensive Income. |
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Financial Instruments
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Financial Instruments | 7. Financial Instruments Fair Value of Financial Instruments We consider the recorded value of certain financial assets and liabilities, which consist primarily of cash equivalents, accounts receivable and accounts payable, to approximate the fair value of the respective assets and liabilities at June 30, 2015 and December 31, 2014, based on the short-term nature of the assets and liabilities. The fair value of our long-term debt at June 30, 2015 was $740.5 million compared to a carrying value of $711.0 million. At December 31, 2014, the fair value of our long-term debt was $735.0 million compared to a carrying value of $711.0 million. We determine the fair value of our long-term debt primarily based on quoted market prices for our 63/4% Senior Notes Due 2020 (“2020 Notes”) and 6.0% Senior Notes Due 2022 (“2022 Notes,” and together with the 2020 Notes, the “Senior Notes”). The fair value of our long-term debt is classified within Level 2 of the fair value hierarchy, because it is traded in less active markets. For business combinations consummated on or after January 1, 2009, we estimate the fair value of acquisition-related contingent consideration based on the present value of the consideration expected to be paid during the remainder of the earnout period, based on management’s assessment of the acquired operations’ forecasted earnings. This fair value measure is based on significant inputs not observed in the market and thus represents a Level 3 measurement. Fair value measurements characterized within Level 3 of the fair value hierarchy are measured based on unobservable inputs that are supported by little or no market activity and reflect our own assumptions in measuring fair value. The significant unobservable inputs used in the fair value measurements of our acquisition-related contingent consideration include our measures of the future profitability and related cash flows of the acquired business or assets, impacted by appropriate discount rates. Significant increases (decreases) in any of these inputs in isolation would result in a significantly lower (higher) fair value measurement. Generally, a change in the assumptions used for the discount rates is accompanied by a directionally opposite change in the fair value measurement and a change in the assumptions used for the future cash flows is accompanied by a directionally similar change in the fair value measurement. The fair value of the contingent consideration is reassessed on a quarterly basis by the Company using 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 as income or expense, respectively, and is included within “Acquisition-related contingent consideration” in the Condensed Consolidated Statements of Comprehensive Income. During the three and six months ended June 30, 2015, the Company recorded $1.7 million gain related to the change in fair value of future contingent consideration payments, of which $1.5 million related to a termination of a contingent consideration arrangement, for which no future payments will be made. Fair value remeasurement gains of $0.3 million and $2.4 million for the three and six months ended June 30, 2014, respectively.
The following table represents the changes in the acquisition-related contingent consideration liability during the three and six months ended June 30, 2015 and 2014, respectively:
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Goodwill and Other Intangible Assets
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Goodwill and Other Intangible Assets | 8. Goodwill and Other Intangible Assets The changes in the carrying amounts of goodwill by operating segment for the six months ended June 30, 2015, are as follows:
Other Intangible Assets Other intangible assets with finite lives are amortized over their estimated useful lives. For intangible assets with finite lives, we recorded amortization expense of $3.0 million and $6.0 million for the three and six months ended June 30, 2015, respectively, and $3.5 and $8.1 million for the three and six months ended June 30, 2014, respectively. Based solely on the amortizable intangible assets recorded as of June 30, 2015, we estimate amortization expense to be $5.8 million during the remainder of 2015, $10.6 million in 2016, $9.8 million in 2017, $8.2 million in 2018, $7.6 million in 2019, $7.4 million in 2020, and $15.4 million in years after 2020. Actual amortization expense to be reported in future periods could differ from these estimates as a result of new intangible asset acquisitions, finalization of asset valuations for newly acquired assets, changes in useful lives, changes in value due to foreign currency translation, and other factors. |
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Debt
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Debt | 9. Debt The components of debt obligations are presented in the table below:
On June 26, 2015, we entered into a credit agreement (the “2015 Credit Agreement”), which effectively amended and extended our prior Credit Agreement, dated November 27, 2012 (the “2012 Credit Agreement”). The 2012 Credit Agreement provided for a five-year $350 million senior secured revolving line of credit maturing on November 27, 2017. The 2015 Credit Agreement provides for a $550 million senior secured revolving line of credit (the “2015 Credit Facility”) maturing on June 26, 2020. We did not incur any early termination or prepayment penalties in connection with the replacement of the 2012 Credit Agreement. At the Company’s option, borrowings under the 2015 Credit Facility will bear interest at either one, two or three month LIBOR or an alternative base rate, in each case plus the applicable margin. Borrowings will initially bear interest at LIBOR plus 1.75% per annum, in the case of LIBOR borrowings, or at the alternate base rate plus 0.75% per annum, in the case of base rate loans. After delivering the compliance certificate for the fiscal quarter ended June 30, 2015, the applicable margin will fluctuate between 1.375% per annum and 2.00% per annum, in the case of LIBOR borrowings, or between 0.375% per annum and 1.00% per annum, in the case of base rate borrowings, in each case, based upon the Company’s Consolidated Total Leverage Ratio (as defined in the Credit Agreement) at such time. We will initially be required to pay a commitment fee of 0.30% per annum on the daily unused amount of the facility and a letter of credit fronting fee of 1.75% per annum on the maximum amount available to be drawn under each letter of credit that is issued and outstanding. After delivering the compliance certificate for the fiscal quarter ending June 30, 2015, the commitment fee rate will fluctuate between 0.25% and 0.35% per annum and the letter of credit fee rate will fluctuate between 1.375% and 2.00% per annum, in each case, based upon the Company’s Consolidated Total Leverage Ratio. Under the 2015 Credit Facility, the lenders have a security interest in substantially all of the existing and after acquired assets of FTI Consulting, Inc. and substantially all of our domestic subsidiaries. Subject to certain conditions, at any time prior to maturity, we will be able to invite existing and new lenders to increase the size of the revolving credit facility under the 2015 Credit Agreement or provide new term loans under the 2015 Credit Agreement, in each case, up to a maximum of $100.0 million plus unlimited amounts so long as the effect of the new increase does not cause the Consolidated Total Leverage Ratio to be greater than 3.50 to 1.00. The 2015 Credit Agreement governing our 2015 Credit Facility and the indentures governing our Notes contain covenants which, among other things, limit our ability to incur additional indebtedness, create liens, pay dividends on our capital stock, make distributions or repurchases of our capital stock or make specified other restricted payments, consolidate, merge or sell assets or engage in sale-leasebacks, guarantee obligations of other entities and our foreign subsidiaries, make investments and loans, enter into transactions with affiliates or related persons, repay, redeem or purchase certain indebtedness (or modify the terms thereof), make material changes to accounting and reporting practices and engage in any business other than consulting-related businesses or substantially related, complimentary or incidental businesses. In addition, the 2015 Credit Agreement governing our 2015 Credit Facility includes financial covenants that require us to (i) not to exceed a maximum consolidated total leverage ratio (the ratio of total funded debt to adjusted EBITDA), (and (iii) not to exceed a maximum consolidated interest coverage ratio (the ratio of adjusted EBITDA minus capital expenditures and cash taxes to cash interest). At June 30, 2015, we were in compliance with all covenants as stipulated in the 2015 Credit Agreement governing our 2015 Credit Facility and the indentures governing our Senior Notes. There were no borrowings outstanding under the Company’s 2015 Credit Facility as of June 30, 2015. |
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Commitments and Contingencies
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Commitments and Contingencies | 10. Commitments and Contingencies 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. |
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Share-Based Compensation
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Share-Based Compensation | 11. Share-Based Compensation Share-based Awards and Share-based Compensation Expense Our officers, employees, non-employee directors and certain individual service providers are eligible to participate in the Company’s equity compensation plans, subject to the discretion of the administrator of the plans. During the three months ended June 30, 2015, we granted 124,688 restricted stock awards, 126,070 stock options, 81,016 performance stock units, and 51,369 restricted stock units. During the six months ended June 30, 2015, we granted 244,020 restricted stock awards, 184,933 stock options, 81,016 performance stock units, and 109,665 restricted stock units. During the three months ended June 30, 2015, 43,537 stock options were forfeited prior to the completion of the vesting requirements. These awards are recorded as equity on the Condensed Consolidated Balance Sheet. Total share-based compensation expense, net of forfeitures, for the three and six months ended June 30, 2015 and 2014 is detailed in the following table:
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Income Taxes
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Income Taxes | 12. Income Taxes The Company has estimated its annual effective tax rate for the full fiscal year 2015 and applied that rate to its income before income taxes in determining its provision for income taxes for the three and six months ended June 30, 2015. The Company also records discrete items in each respective period as appropriate. As of June 30, 2015 and December 31, 2014, the liability for uncertain tax positions was $7.9 million and $2.8 million respectively. During the six month ended June 30, 2015, the increase in the liability for uncertain tax positions is due to the timing of tax deductions claimed in prior years. |
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Segment Reporting
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Segment Reporting | 13. Segment Reporting We manage our business in five reportable segments: Corporate Finance/Restructuring, Forensic and Litigation Consulting, Economic Consulting, Technology and Strategic Communications. Our Corporate Finance/Restructuring segment focuses on strategic, operational, financial and capital needs of businesses around the world and provides consulting and advisory services on a wide range of areas, such as restructuring (including bankruptcy), interim management, financings, mergers and acquisitions, post-acquisition integration, valuations, tax issues and performance improvement. Our Forensic and Litigation Consulting segment provides law firms, companies, government clients and other interested parties with dispute advisory, investigations, forensic accounting, business intelligence assessments, data analytics, 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 electronic discovery and information management consulting, software and services to its clients. It provides products, services and consulting to companies, law firms, courts and government agencies worldwide. Its comprehensive suite of software and services help clients locate, review and produce electronically stored information, including e-mail, computer files, voicemail, instant messaging, cloud and social media data as well as financial and transactional data. Our Strategic Communications segment provides advice and consulting services relating to financial and corporate communications and investor relations, reputation management and brand communications, public affairs, business consulting and digital design and marketing. We evaluate the performance of our operating segments based on Adjusted Segment EBITDA. 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 as the total of Adjusted Segment EBITDA for all segments, which excludes unallocated corporate expenses. Although Adjusted Segment EBITDA is not a measure of financial condition or performance determined in accordance with GAAP, we use Adjusted Segment EBITDA to internally evaluate the financial performance of our segments because we believe it is a useful supplemental measure which 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 for the three and six months ended June 30, 2015 and 2014:
The table below reconciles Total Adjusted Segment EBITDA to income before income tax provision:
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Supplemental Condensed Consolidating Guarantor and Non-Guarantor Financial Information
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Supplemental Condensed Consolidating Guarantor and Non-Guarantor Financial Information | 14. Supplemental Condensed Consolidating Guarantor and Non-Guarantor Financial Information Substantially all of our domestic subsidiaries are guarantors of borrowings under our 2015 Credit Facility and Senior Notes. The guarantees are full and unconditional and joint and several. All of the guarantors are 100%-owned, direct or indirect, subsidiaries. The following financial information presents condensed consolidating balance sheets, statements of comprehensive income and statements of cash flows for FTI Consulting, all the guarantor subsidiaries, all the non-guarantor subsidiaries and the eliminations necessary to arrive at the consolidated information for FTI Consulting and its subsidiaries. For purposes of this presentation, we have accounted for our investments in our subsidiaries using the equity method of accounting. The principal eliminating entries eliminate investment in subsidiary and intercompany balances and transactions.
Condensed Consolidating Balance Sheet Information as of June 30, 2015
Condensed Consolidating Balance Sheet Information as of December 31, 2014
Condensed Consolidating Statement of Comprehensive Income for the Three Months Ended June 30, 2015
Condensed Consolidating Statement of Comprehensive Income for the Three Months Ended June 30, 2014
Condensed Consolidating Statement of Comprehensive Income for the Six Months Ended June 30, 2015
Condensed Consolidating Statement of Comprehensive Income for the Six Months Ended June 30, 2014
Condensed Consolidating Statement of Cash Flows for the Six Months Ended June 30, 2015
Condensed Consolidating Statement of Cash Flows for the Six Months Ended June 30, 2014
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Earnings Per Common Share (Tables)
|
6 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2015
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Schedule of Earnings Per Share Basic and Diluted |
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Special Charges (Tables)
|
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2015
|
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Schedule of Special Charges Reserve by Type of Cost | Activity related to the liability for these costs for the six months ended June 30, 2015 is as follows:
|
X | ||||||||||
- Definition
Disclosure of changes to an entity's special charges reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. This element may also include a description of any reversal and other adjustment made during the period to the amount of an accrued liability for restructuring activities. This element may be used to encapsulate the roll forward presentations of an entity's reserve by type of cost and in total, and explanation of changes that occurred in the period. No definition available.
|
Financial Instruments (Tables)
|
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2015
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Schedule of Changes in Acquisition-Related Contingent Consideration Liability | The following table represents the changes in the acquisition-related contingent consideration liability during the three and six months ended June 30, 2015 and 2014, respectively:
|
X | ||||||||||
- Definition
The rollforward of acquisition-related contingent consideration. No definition available.
|
Goodwill and Other Intangible Assets (Tables)
|
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2015
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Schedule of Changes in Carrying Amounts of Goodwill by Operating Segment | The changes in the carrying amounts of goodwill by operating segment for the six months ended June 30, 2015, are as follows:
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Debt (Tables)
|
6 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2015
|
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Components of Debt Obligations | The components of debt obligations are presented in the table below:
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Share-Based Compensation (Tables)
|
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2015
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Schedule of Share-based Compensation Expense | Total share-based compensation expense, net of forfeitures, for the three and six months ended June 30, 2015 and 2014 is detailed in the following table:
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
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Segment Reporting (Tables)
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6 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2015
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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 for the three and six months ended June 30, 2015 and 2014:
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Reconciliation of Adjusted Segment Earnings before Interest, Taxes, Depreciation and Amortization | The table below reconciles Total Adjusted Segment EBITDA to income before income tax provision:
|
X | ||||||||||
- Definition
Reconciliation of adjusted segment EBITDA to income before income tax provision. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Supplemental Condensed Consolidating Guarantor and Non-Guarantor Financial Information (Tables)
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6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2015
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Condensed Consolidating Balance Sheet Information | Condensed Consolidating Balance Sheet Information as of June 30, 2015
Condensed Consolidating Balance Sheet Information as of December 31, 2014
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Condensed Consolidating Statement of Comprehensive Income | Condensed Consolidating Statement of Comprehensive Income for the Three Months Ended June 30, 2015
Condensed Consolidating Statement of Comprehensive Income for the Three Months Ended June 30, 2014
Condensed Consolidating Statement of Comprehensive Income for the Six Months Ended June 30, 2015
Condensed Consolidating Statement of Comprehensive Income for the Six Months Ended June 30, 2014
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Condensed Consolidating Statement of Cash Flow | Condensed Consolidating Statement of Cash Flows for the Six Months Ended June 30, 2015
Condensed Consolidating Statement of Cash Flows for the Six Months Ended June 30, 2014
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Earnings Per Common Share Basic and Diluted (Detail) (USD $)
In Thousands, except Per Share data, unless otherwise specified |
3 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
Jun. 30, 2015
|
Jun. 30, 2014
|
Jun. 30, 2015
|
Jun. 30, 2014
|
|
Numerator-basic and diluted | ||||
Net income | $ 21,709 | $ 17,247 | $ 45,395 | $ 35,364 |
Denominator | ||||
Weighted average number of common shares outstanding-basic | 40,792 | 39,681 | 40,607 | 39,560 |
Effect of dilutive stock options | 451 | 288 | 414 | 322 |
Effect of dilutive restricted shares | 453 | 781 | 508 | 722 |
Weighted average number of common shares outstanding-diluted | 41,696 | 40,750 | 41,529 | 40,604 |
Earnings per common share-basic | $ 0.53 | $ 0.43 | $ 1.12 | $ 0.89 |
Earnings per common share-diluted | $ 0.52 | $ 0.42 | $ 1.09 | $ 0.87 |
Stock Options and Restricted Shares
|
||||
Denominator | ||||
Anti-dilutive securities excluded from computation of earnings per share | 1,524 | 3,637 | 1,849 | 3,408 |
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Amounts paid as of the current balance sheet date related to the current period special charges. No definition available.
|
X | ||||||||||
- Definition
Total cash outflows expected to be paid related to the special charges recorded in the current period. No definition available.
|
X | ||||||||||
- Definition
Expected Cash Outflow From Special Charges From Year Five To Year Eleven No definition available.
|
X | ||||||||||
- Definition
Cash outflows expected to be paid during the remainder of the fiscal year related to the special charges recorded in the period. No definition available.
|
X | ||||||||||
- Definition
Expected Cash Outflow From Special Charges Year Four No definition available.
|
X | ||||||||||
- Definition
Cash outflows expected to be paid during the third fiscal year following this fiscal year related to the special charges recorded in the period. No definition available.
|
X | ||||||||||
- Definition
Cash outflows expected to be paid during the second fiscal year following this fiscal year related to the special charges recorded in the period. No definition available.
|
X | ||||||||||
- Definition
The charge against earnings in the period, comprised of costs associated with non-recurring activities related to our global branding strategy and other strategic branding decisions, a realignment of our workforce and consolidation of office locations. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Amount of consideration other than cash paid in the period to fully or partially settle a specified, previously accrued type of special charge. No definition available.
|
Activity Related to Liability for Special Charges (Detail) (USD $)
In Thousands, unless otherwise specified |
6 Months Ended |
---|---|
Jun. 30, 2015
|
|
Special Charges [Line Items] | |
Beginning Balance | $ 18,613 |
Payments | (4,176) |
Foreign currency translation adjustment and other | (168) |
Ending Balance | 14,269 |
Employee Termination Costs
|
|
Special Charges [Line Items] | |
Beginning Balance | 13,759 |
Payments | (3,680) |
Foreign currency translation adjustment and other | (168) |
Ending Balance | 9,911 |
Lease Costs
|
|
Special Charges [Line Items] | |
Beginning Balance | 4,854 |
Payments | (496) |
Ending Balance | $ 4,358 |
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Special charges on foreign currency translation adjustment and other. No definition available.
|
X | ||||||||||
- Definition
Carrying amount (including both current and noncurrent portions of the accrual) as of the balance sheet date pertaining to a specified type of cost associated with exit from or disposal of business activities or restructuring pursuant to a duly authorized plan, excluding costs or losses pertaining to an entity newly acquired in a business combination and to asset retirement obligations. No definition available.
|
X | ||||||||||
- Definition
Amount of cash paid in the period to fully or partially settle a specified, previously accrued type of special charge. No definition available.
|
Allowance for Doubtful Accounts and Unbilled Services - Additional Information (Detail) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
Jun. 30, 2015
|
Jun. 30, 2014
|
Jun. 30, 2015
|
Jun. 30, 2014
|
|
Provisions for Doubtful Accounts [Line Items] | ||||
Provision for doubtful accounts | $ 3,600 | $ 4,200 | $ 6,571 | $ 8,671 |
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Research and Development Costs - Additional Information (Detail) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
Jun. 30, 2015
|
Jun. 30, 2014
|
Jun. 30, 2015
|
Jun. 30, 2014
|
|
Schedule Of Research And Development [Line Items] | ||||
Research and development costs related to software development | $ 4.8 | $ 4.6 | $ 10.7 | $ 9.1 |
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Financial Instruments - Additional Information (Detail) (USD $)
|
3 Months Ended | 6 Months Ended | 6 Months Ended | 12 Months Ended | 6 Months Ended | 12 Months Ended | |||
---|---|---|---|---|---|---|---|---|---|
Jun. 30, 2015
|
Jun. 30, 2014
|
Jun. 30, 2015
|
Jun. 30, 2014
|
Dec. 31, 2014
|
Jun. 30, 2015
6 3/4 % Senior Notes Due 2020
|
Dec. 31, 2014
6 3/4 % Senior Notes Due 2020
|
Jun. 30, 2015
6.0% Senior Notes Due 2022
|
Dec. 31, 2014
6.0% Senior Notes Due 2022
|
|
Assets Sold under Agreements to Repurchase [Line Items] | |||||||||
Long-term debt, fair value | $ 740,500,000 | $ 740,500,000 | $ 735,000,000 | ||||||
Long-term debt, carrying value | 711,000,000 | 711,000,000 | 711,000,000 | ||||||
Interest percentage | 6.75% | 6.75% | 6.00% | 6.00% | |||||
Debt maturity period | 2020 | 2020 | 2022 | 2022 | |||||
Gain/Loss on remeasurement of contingent consideration | 1,700,000 | 300,000 | 1,700,000 | 2,400,000 | |||||
Contractual Settlement | $ 1,500,000 | $ 1,500,000 |
X | ||||||||||
- Definition
Business Acquisition Contingent Consideration Settlement No definition available.
|
X | ||||||||||
- Definition
Debt Instrument Maturity Year No definition available.
|
X | ||||||||||
- Definition
Gain or Loss on remeasurement Of Contingent Consideration No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Changes In Acquisition-Related Contingent Consideration Liability (Detail) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | 6 Months Ended | |||||
---|---|---|---|---|---|---|---|
Jun. 30, 2015
|
Jun. 30, 2014
|
Jun. 30, 2015
|
Jun. 30, 2014
|
||||
Business Acquisition, Contingent Consideration [Line Items] | |||||||
Beginning balance | $ 6,331 | $ 6,903 | $ 6,338 | $ 13,329 | |||
Acquisition | (4,495) | [1] | |||||
Accretion of acquisition-related contingent consideration | 137 | 255 | 371 | 535 | |||
Remeasurement of acquisition-related contingent | (1,675) | (261) | (1,675) | (2,383) | |||
Payments | (421) | (314) | (662) | (378) | |||
Change in amount of contingent consideration | 1,538 | 5 | 1,304 | 1,848 | |||
Ending balance | 4,372 | 6,601 | 4,372 | 6,601 | |||
Foreign Currency Translation
|
|||||||
Business Acquisition, Contingent Consideration [Line Items] | |||||||
Change in amount of contingent consideration | $ 18 | $ (7) | |||||
|
X | ||||||||||
- Definition
Fair value, as of the period end date, of potential payments under the contingent consideration arrangement including cash and shares. No definition available.
|
X | ||||||||||
- Definition
Payment made during the period related to acquisition-related contingent consideration. No definition available.
|
X | ||||||||||
- Definition
Business Acquisition Date Contingent Consideration At Fair Value No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Goodwill and Other Intangible Assets - Additional Information (Detail) (USD $)
|
3 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
Jun. 30, 2015
|
Jun. 30, 2014
|
Jun. 30, 2015
|
Jun. 30, 2014
|
|
Finite-Lived Intangible Assets [Line Items] | ||||
Finite lived intangible assets, amortization expense | $ 3,000,000 | $ 3,500,000 | $ 6,019,000 | $ 8,068,000 |
Estimated amortization expense during the remainder of 2015 | 5,800,000 | 5,800,000 | ||
Estimated amortization expense for the year 2016 | 10,600,000 | 10,600,000 | ||
Estimated amortization expense for the year 2017 | 9,800,000 | 9,800,000 | ||
Estimated amortization expense for the year 2018 | 8,200,000 | 8,200,000 | ||
Estimated amortization expense for the year 2019 | 7,600,000 | 7,600,000 | ||
Estimated amortization expense for the year 2020 | 7,400,000 | 7,400,000 | ||
Estimated amortization expense after the year 2020 | $ 15,400,000 | $ 15,400,000 |
X | ||||||||||
- Definition
The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets, combined with the amount of impairment loss recognized in the period resulting from the write-down of the carrying amount of indefinite-lived intangible assets, other than goodwill, to fair value. As a noncash expense, this element is added back to net income when calculating cash provided by (used in) operations using the indirect method. No definition available.
|
X | ||||||||||
- Definition
Finite-Lived Intangible Assets, Amortization Expense, after Year Six No definition available.
|
X | ||||||||||
- Definition
Finite-Lived Intangible Assets, Amortization Expense, Year Six No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
Components of Debt Obligations (Detail) (USD $)
In Thousands, unless otherwise specified |
Jun. 30, 2015
|
Dec. 31, 2014
|
---|---|---|
Debt Instrument [Line Items] | ||
Notes payable to former shareholders of acquired businesses | $ 11,000 | $ 11,000 |
Total debt | 711,000 | 711,000 |
Less current portion | 11,000 | 11,000 |
Long-term debt, net of current portion | 700,000 | 700,000 |
Total debt | 711,000 | 711,000 |
6 3/4 % Senior Notes Due 2020
|
||
Debt Instrument [Line Items] | ||
Senior notes | 400,000 | 400,000 |
6.0% Senior Notes Due 2022
|
||
Debt Instrument [Line Items] | ||
Senior notes | $ 300,000 | $ 300,000 |
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Components of Debt Obligations (Parenthetical) (Detail)
|
6 Months Ended | 12 Months Ended |
---|---|---|
Jun. 30, 2015
|
Dec. 31, 2014
|
|
6 3/4 % Senior Notes Due 2020
|
||
Debt Instrument [Line Items] | ||
Interest percentage | 6.75% | 6.75% |
Debt maturity period | 2020 | 2020 |
6.0% Senior Notes Due 2022
|
||
Debt Instrument [Line Items] | ||
Interest percentage | 6.00% | 6.00% |
Debt maturity period | 2022 | 2022 |
X | ||||||||||
- Definition
Debt Instrument Maturity Year No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
Debt - Additional Information (Detail) (USD $)
|
6 Months Ended |
---|---|
Jun. 30, 2015
|
|
2015 Credit Facility
|
|
Line of Credit Facility [Line Items] | |
Senior secured revolving line of credit | $ 550,000,000 |
Line of credit, maturity date | Jun. 26, 2020 |
Line of credit facility borrowings outstanding | 0 |
Former Credit Facility
|
|
Line of Credit Facility [Line Items] | |
Senior secured revolving line of credit | 350,000,000 |
Line of Credit Facility
|
|
Line of Credit Facility [Line Items] | |
Borrowing interest rate description | Borrowings will initially bear interest at LIBOR plus 1.75% per annum, in the case of LIBOR borrowings, or at the alternate base rate plus 0.75% per annum, in the case of base rate loans.After delivering the compliance certificate for the fiscal quarter ended June 30, 2015, the applicable margin will fluctuate between 1.375% per annum and 2.00% per annum, in the case of LIBOR borrowings, or between 0.375% per annum and 1.00% per annum, in the case of base rate borrowings, in each case, based upon the Company’s Consolidated Total Leverage Ratio (as defined in the Credit Agreement) at such time. |
Line of credit, commitment fees on unused borrowing capacity | 0.30% |
Line of credit, fronting fees | 1.75% |
Line of Credit Facility | London Interbank Offered Rate (LIBOR)
|
|
Line of Credit Facility [Line Items] | |
Revolving Credit Facility, percentage points added to the reference rate | 1.75% |
Line of Credit Facility | Base Rate
|
|
Line of Credit Facility [Line Items] | |
Revolving Credit Facility, percentage points added to the reference rate | 0.75% |
Line of Credit Facility | Minimum
|
|
Line of Credit Facility [Line Items] | |
Line of credit, commitment fees on unused borrowing capacity | 0.25% |
Line of credit, fronting fees | 1.375% |
Line of Credit Facility | Minimum | London Interbank Offered Rate (LIBOR)
|
|
Line of Credit Facility [Line Items] | |
Revolving Credit Facility, percentage points added to the reference rate | 1.375% |
Line of Credit Facility | Minimum | Base Rate
|
|
Line of Credit Facility [Line Items] | |
Revolving Credit Facility, percentage points added to the reference rate | 0.375% |
Line of Credit Facility | Maximum
|
|
Line of Credit Facility [Line Items] | |
Line of credit, commitment fees on unused borrowing capacity | 0.35% |
Line of credit, fronting fees | 2.00% |
Line of Credit Facility | Maximum | London Interbank Offered Rate (LIBOR)
|
|
Line of Credit Facility [Line Items] | |
Revolving Credit Facility, percentage points added to the reference rate | 2.00% |
Line of Credit Facility | Maximum | Base Rate
|
|
Line of Credit Facility [Line Items] | |
Revolving Credit Facility, percentage points added to the reference rate | 1.00% |
Letter of Credit | Scenario, Forecast
|
|
Line of Credit Facility [Line Items] | |
Senior secured revolving line of credit | $ 100,000,000 |
Letter of Credit | Scenario, Forecast | Minimum
|
|
Line of Credit Facility [Line Items] | |
Leverage ratio | 350.00% |
X | ||||||||||
- Definition
Line Of Credit Facility Fronting Fee Percentage No definition available.
|
X | ||||||||||
- Definition
Line Of Credit Facility Maximum Leverage Percentage No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Share-Based Compensation - Additional Information (Detail)
|
3 Months Ended | 6 Months Ended |
---|---|---|
Jun. 30, 2015
|
Jun. 30, 2015
|
|
Stock Options
|
||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Share-based awards | 126,070 | 184,933 |
Share based awards forfeited | 43,537 | 43,537 |
Restricted Stock
|
||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Share-based awards | 124,688 | 244,020 |
Restricted Stock Units (RSUs)
|
||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Share-based awards | 51,369 | 109,665 |
Performance Units
|
||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Share based awards forfeited | 81,016 | 81,016 |
X | ||||||||||
- Definition
Share Based Compensation Arrangement By Share Based Payment Award Shares Forfeited In Period No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Schedule of Share-based Compensation Expense (Detail) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
Jun. 30, 2015
|
Jun. 30, 2014
|
Jun. 30, 2015
|
Jun. 30, 2014
|
|
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items] | ||||
Total share-based compensation expense | $ 4,368 | $ 6,321 | $ 11,310 | $ 15,397 |
Direct Cost Of Revenues
|
||||
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items] | ||||
Total share-based compensation expense | 2,234 | 3,548 | 6,133 | 9,370 |
Selling, General And Administrative Expenses
|
||||
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items] | ||||
Total share-based compensation expense | $ 2,134 | $ 2,773 | $ 5,177 | $ 6,027 |
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
Income Taxes - Additional Information (Detail) (USD $)
In Millions, unless otherwise specified |
Jun. 30, 2015
|
Dec. 31, 2014
|
---|---|---|
Income Taxes [Line Items] | ||
Liability for uncertain tax positions | $ 7.9 | $ 2.8 |
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Segment Reporting - Additional Information (Detail)
|
6 Months Ended |
---|---|
Jun. 30, 2015
Segment
|
|
Segment Reporting Information [Line Items] | |
Number of reportable segments | 5 |
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
Revenues and Adjusted Segment Earnings before Interest, Taxes, Depreciation and Amortization for Reportable Segments (Detail) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
Jun. 30, 2015
|
Jun. 30, 2014
|
Jun. 30, 2015
|
Jun. 30, 2014
|
|
Segment Reporting Information [Line Items] | ||||
Revenues | $ 449,137 | $ 454,324 | $ 881,475 | $ 879,876 |
Adjusted Segment EBITDA | 75,100 | 80,385 | 147,032 | 150,937 |
Corporate Finance / Restructuring
|
||||
Segment Reporting Information [Line Items] | ||||
Revenues | 109,113 | 104,020 | 215,325 | 198,002 |
Adjusted Segment EBITDA | 22,032 | 19,133 | 44,512 | 30,084 |
Forensic and Litigation Consulting
|
||||
Segment Reporting Information [Line Items] | ||||
Revenues | 126,131 | 119,081 | 249,396 | 240,510 |
Adjusted Segment EBITDA | 19,979 | 22,271 | 42,050 | 48,765 |
Economic Consulting
|
||||
Segment Reporting Information [Line Items] | ||||
Revenues | 108,698 | 117,227 | 214,779 | 224,078 |
Adjusted Segment EBITDA | 15,292 | 18,043 | 26,848 | 31,073 |
Technology
|
||||
Segment Reporting Information [Line Items] | ||||
Revenues | 61,826 | 60,720 | 116,480 | 120,783 |
Adjusted Segment EBITDA | 12,166 | 15,104 | 22,239 | 32,452 |
Strategic Communications
|
||||
Segment Reporting Information [Line Items] | ||||
Revenues | 43,369 | 53,276 | 85,495 | 96,503 |
Adjusted Segment EBITDA | $ 5,631 | $ 5,834 | $ 11,383 | $ 8,563 |
X | ||||||||||
- Definition
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. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
Reconciliation of Adjusted Segment Earnings before Interest, Taxes, Depreciation and Amortization (Detail) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
Jun. 30, 2015
|
Jun. 30, 2014
|
Jun. 30, 2015
|
Jun. 30, 2014
|
|
Segment Reporting Information [Line Items] | ||||
Total Adjusted Segment EBITDA | $ 75,100 | $ 80,385 | $ 147,032 | $ 150,937 |
Segment depreciation expense | (6,513) | (7,512) | (13,504) | (15,060) |
Amortization of other intangible assets | (3,007) | (3,452) | (6,019) | (8,068) |
Special charges | (9,364) | (9,364) | ||
Unallocated corporate expenses, excluding special charges | (20,101) | (21,386) | (34,182) | (41,779) |
Interest income and other | 950 | 1,448 | 813 | 2,451 |
Interest expense | (12,473) | (12,908) | (24,841) | (25,563) |
Remeasurement of acquisition-related contingent consideration | 1,675 | 261 | 1,675 | 2,383 |
Income before income tax provision | $ 35,631 | $ 27,472 | $ 70,974 | $ 55,937 |
X | ||||||||||
- Definition
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. No definition available.
|
X | ||||||||||
- Definition
Interest and Other Income (Expense), Net No definition available.
|
X | ||||||||||
- Definition
Segment depreciation expense not including unallocated corporate depreciation expense. No definition available.
|
X | ||||||||||
- Definition
Used as a reconciling item from Total Adjusted Segment EBITDA to Income before tax provision, the charge against earnings in the period, comprised of costs associated with non-recurring activities related to our global branding strategy and other strategic branding decisions, a realignment of our workforce and consolidation of office locations. No definition available.
|
X | ||||||||||
- Definition
Unallocated corporate expenses excluding special charges not allocated to segments. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
Supplemental Condensed Consolidating Guarantor and Non- Guarantor Financial Information - Additional Information (Detail)
|
Jun. 30, 2015
|
---|---|
Quarterly Financial Information [Line Items] | |
Guarantors Subsidiary ownership percentage | 100.00% |
X | ||||||||||
- Definition
Ownership Percentage Of Guarantor Subsidiary No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Amounts due to subsidiaries that are eliminated in consolidation. No definition available.
|
X | ||||||||||
- Definition
Amounts due from subsidiaries that are eliminated in consolidation. No definition available.
|
X | ||||||||||
- Definition
Other Noncurrent Assets plus Notes Receivable, net of current portion No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
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Supplemental Condensed Consolidating Guarantor and Non-Guarantor Financial Information (Condensed Consolidating Statement Of Comprehensive Income (Loss)) (Detail) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
Jun. 30, 2015
|
Jun. 30, 2014
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Jun. 30, 2015
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Jun. 30, 2014
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|
Revenues | $ 449,137 | $ 454,324 | $ 881,475 | $ 879,876 |
Operating expenses | ||||
Direct cost of revenues | 291,469 | 295,549 | 570,499 | 569,824 |
Selling, general and administrative expense | 109,045 | 107,032 | 211,259 | 215,419 |
Special charges | 0 | 9,364 | 0 | 9,364 |
Acquisition-related contingent consideration | (1,538) | (5) | (1,304) | (1,848) |
Amortization of other intangible assets | 3,007 | 3,452 | 6,019 | 8,068 |
Operating income | 47,154 | 38,932 | 95,002 | 79,049 |
Other (expense) income | (11,523) | (11,460) | (24,028) | (23,112) |
Income (loss) before income tax provision | 35,631 | 27,472 | 70,974 | 55,937 |
Income tax (benefit) provision | 13,922 | 10,225 | 25,579 | 20,573 |
Net income | 21,709 | 17,247 | 45,395 | 35,364 |
Other comprehensive income (loss), net of tax: | ||||
Foreign currency translation adjustments, net of tax $0 | 13,298 | 7,694 | (7,184) | 12,422 |
Total other comprehensive (loss) income, net of tax | 13,298 | 7,694 | (7,184) | 12,422 |
Comprehensive income | 35,007 | 24,941 | 38,211 | 47,786 |
Eliminations
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||||
Revenues | (138,677) | (102,267) | (141,465) | (200,357) |
Operating expenses | ||||
Direct cost of revenues | (138,489) | (101,919) | (141,192) | (199,698) |
Selling, general and administrative expense | (188) | (348) | (273) | (659) |
Amortization of other intangible assets | (897) | (972) | (1,767) | (1,929) |
Operating income | 897 | 972 | 1,767 | 1,929 |
Income (loss) before income tax provision | 897 | 972 | 1,767 | 1,929 |
Equity in net earnings of subsidiaries | (25,689) | (32,452) | (56,019) | (61,597) |
Net income | (24,792) | (31,480) | (54,252) | (59,668) |
Other comprehensive income (loss), net of tax: | ||||
Comprehensive income | (24,792) | (31,480) | (54,252) | (59,668) |
FTI Consulting, Inc.
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Revenues | 172,899 | 155,457 | 342,034 | 306,489 |
Operating expenses | ||||
Direct cost of revenues | 106,517 | 98,574 | 211,580 | 198,072 |
Selling, general and administrative expense | 48,177 | 45,864 | 91,588 | 91,162 |
Special charges | 9,364 | 9,364 | ||
Acquisition-related contingent consideration | (1,485) | 2 | (1,420) | (596) |
Amortization of other intangible assets | 986 | 1,086 | 1,972 | 2,159 |
Operating income | 18,704 | 567 | 38,314 | 6,328 |
Other (expense) income | (11,709) | (12,262) | (25,575) | (25,576) |
Income (loss) before income tax provision | 6,995 | (11,695) | 12,739 | (19,248) |
Income tax (benefit) provision | 4,124 | (4,847) | 6,687 | (7,705) |
Equity in net earnings of subsidiaries | 18,838 | 24,095 | 39,343 | 46,907 |
Net income | 21,709 | 17,247 | 45,395 | 35,364 |
Other comprehensive income (loss), net of tax: | ||||
Comprehensive income | 21,709 | 17,247 | 45,395 | 35,364 |
Guarantor Subsidiaries
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Revenues | 289,431 | 269,329 | 433,570 | 521,412 |
Operating expenses | ||||
Direct cost of revenues | 238,186 | 210,455 | 334,773 | 406,154 |
Selling, general and administrative expense | 30,962 | 30,077 | 60,839 | 58,577 |
Acquisition-related contingent consideration | (53) | 200 | 116 | (403) |
Amortization of other intangible assets | 716 | 641 | 1,431 | 1,370 |
Operating income | 19,620 | 27,956 | 36,411 | 55,714 |
Other (expense) income | (1,053) | (1,969) | (3,063) | (4,235) |
Income (loss) before income tax provision | 18,567 | 25,987 | 33,348 | 51,479 |
Income tax (benefit) provision | 8,267 | 11,858 | 13,993 | 22,904 |
Equity in net earnings of subsidiaries | 6,851 | 8,357 | 16,676 | 14,690 |
Net income | 17,151 | 22,486 | 36,031 | 43,265 |
Other comprehensive income (loss), net of tax: | ||||
Comprehensive income | 17,151 | 22,486 | 36,031 | 43,265 |
Non-Guarantor Subsidiaries
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Revenues | 125,484 | 131,805 | 247,336 | 252,332 |
Operating expenses | ||||
Direct cost of revenues | 85,255 | 88,439 | 165,338 | 165,296 |
Selling, general and administrative expense | 30,094 | 31,439 | 59,105 | 66,339 |
Acquisition-related contingent consideration | (207) | (849) | ||
Amortization of other intangible assets | 2,202 | 2,697 | 4,383 | 6,468 |
Operating income | 7,933 | 9,437 | 18,510 | 15,078 |
Other (expense) income | 1,239 | 2,771 | 4,610 | 6,699 |
Income (loss) before income tax provision | 9,172 | 12,208 | 23,120 | 21,777 |
Income tax (benefit) provision | 1,531 | 3,214 | 4,899 | 5,374 |
Net income | 7,641 | 8,994 | 18,221 | 16,403 |
Other comprehensive income (loss), net of tax: | ||||
Foreign currency translation adjustments, net of tax $0 | 13,298 | 7,694 | (7,184) | 12,422 |
Total other comprehensive (loss) income, net of tax | 13,298 | 7,694 | (7,184) | 12,422 |
Comprehensive income | $ 20,939 | $ 16,688 | $ 11,037 | $ 28,825 |
X | ||||||||||
- Definition
The charge against earnings in the period, comprised of costs associated with non-recurring activities related to our global branding strategy and other strategic branding decisions, a realignment of our workforce and consolidation of office locations. No definition available.
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Supplemental Condensed Consolidating Guarantor and Non-Guarantor Financial Information (Condensed Consolidating Statement Of Comprehensive Income (Loss)) (Parenthetical) (Detail) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
Jun. 30, 2015
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Jun. 30, 2014
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Jun. 30, 2015
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Jun. 30, 2014
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Foreign currency translation adjustments, tax expense (benefit) | $ 0 | $ 0 | $ 0 | $ 0 |
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- Definition
No authoritative reference available. No definition available.
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- Definition
Intercompany transfers among subsidiaries that are eliminated in consolidation. No definition available.
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- Definition
The net cash associated with the amount received from holders to acquire the entity's shares under incentive and share awards, including stock option exercises. This item inherently excludes any excess tax benefit, which the entity may have realized and reported separately. No definition available.
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