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Document and Entity Information - shares	9 Months Ended
Document and Entity Information - shares	Sep. 30, 2016	Oct. 26, 2016
Document And Entity Information [Abstract]
Entity Registrant Name	Huron Consulting Group Inc.
Trading Symbol	HURN
Entity Central Index Key	0001289848
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Sep. 30, 2016
Document Fiscal Year Focus	2016
Document Fiscal Period Focus	Q3
Amendment Flag	false
Entity Common Stock, Shares Outstanding		21,723,935

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Current assets:
Cash and cash equivalents	$ 9,103	$ 58,437
Receivables from clients, net	88,387	85,297
Unbilled services, net	71,594	56,527
Income tax receivable	2,711	406
Prepaid Expense and Other Assets, Current	12,772	27,720
Total current assets	184,567	228,387
Property and equipment, net	30,099	28,888
Long-term investment	32,932	34,831
Other non-current assets	23,448	21,045
Intangible assets, net	90,090	94,992
Goodwill	799,958	751,400
Total assets	1,161,094	1,159,543
Current liabilities:
Accounts payable	6,696	7,220
Accrued expenses	23,013	24,276
Accrued payroll and related benefits	62,341	80,839
Deferred revenues	22,158	19,086
Total current liabilities	114,208	131,421
Non-current liabilities:
Deferred compensation and other liabilities	33,511	23,768
Long-term debt	325,858	307,376
Deferred lease incentives	9,838	9,965
Deferred income taxes, net	38,659	34,688
Total non-current liabilities	407,866	375,797
Commitments and contingencies
Stockholders’ equity
Common stock	235	241
Treasury stock	(112,329)	(103,734)
Additional paid-in capital	401,338	438,367
Retained earnings	347,329	313,866
Accumulated other comprehensive income	2,447	3,585
Total stockholders’ equity	639,020	652,325
Total liabilities and stockholders’ equity	$ 1,161,094	$ 1,159,543

Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Sep. 30, 2016	Dec. 31, 2015
Statement of Financial Position [Abstract]
Common stock, par value (USD per share)	$ 0.01	$ 0.01
Common stock, shares authorized (shares)	500,000,000	500,000,000
Common stock, shares issued (shares)	24,120,541	24,775,823
Treasury stock, shares (shares)	2,395,473	2,249,630

Consolidated Statements of Earnings and Other Comprehensive Income (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Revenues and reimbursable expenses:
Revenues	$ 183,400	$ 175,465	$ 548,148	$ 513,910
Reimbursable expenses	19,093	16,091	54,636	53,266
Total revenues and reimbursable expenses	202,493	191,556	602,784	567,176
Direct costs and reimbursable expenses (exclusive of depreciation and amortization shown in operating expenses):
Direct costs	108,354	94,821	323,310	297,448
Amortization of intangible assets and software development costs	4,052	4,738	11,278	12,102
Reimbursable expenses	18,956	15,837	54,747	53,194
Total direct costs and reimbursable expenses	131,362	115,396	389,335	362,744
Operating expenses and other losses, net:
Selling, general and administrative expenses	38,256	39,246	119,937	117,256
Restructuring charges	1,049	320	4,129	1,577
Other losses, net	494	0	494	524
Depreciation and amortization	8,092	6,538	23,064	18,286
Total operating expenses and other losses, net	47,891	46,104	147,624	137,643
Operating income	23,240	30,056	65,825	66,789
Other income (expense), net:
Interest expense, net of interest income	(4,176)	(4,638)	(12,270)	(13,794)
Other income (expense), net	489	(1,400)	1,236	(1,982)
Total other expense, net	(3,687)	(6,038)	(11,034)	(15,776)
Income from continuing operations before income tax expense	19,553	24,018	54,791	51,013
Income tax expense	7,265	9,741	19,498	21,620
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent	12,288	14,277	35,293	29,393
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent	4	5,097	(1,830)	10,316
Net income	$ 12,292	$ 19,374	$ 33,463	$ 39,709
Net earnings per basic share:
Income (Loss) from Continuing Operations, Per Basic Share	$ 0.58	$ 0.65	$ 1.67	$ 1.33
Discontinued Operation, Income (Loss) from Discontinued Operation, Net of Tax, Per Basic Share	0.00	0.23	(0.08)	0.46
Basic (USD per share)	0.58	0.88	1.59	1.79
Net earnings per diluted share:
Income (Loss) from Continuing Operations, Per Diluted Share	0.57	0.63	1.65	1.30
Discontinued Operation, Income (Loss) from Discontinued Operation, Net of Tax, Per Diluted Share	0.00	0.23	(0.09)	0.46
Earnings Per Share, Diluted	$ 0.57	$ 0.86	$ 1.56	$ 1.76
Weighted average shares used in calculating earnings per share:
Weighted average common shares outstanding – basic	21,076	22,107	21,084	22,151
Weighted average common shares outstanding – diluted	21,445	22,592	21,427	22,616
Comprehensive income:
Net income	$ 12,292	$ 19,374	$ 33,463	$ 39,709
Foreign currency translation adjustments, net of tax	50	(615)	52	(201)
Unrealized gain (loss) on investment, net of tax	(2,038)	0	(1,163)	4,135
Unrealized gain (loss) on cash flow hedging instruments, net of tax	121	(91)	(27)	(252)
Other comprehensive income (loss)	(1,867)	(706)	(1,138)	3,682
Comprehensive income	$ 10,425	$ 18,668	$ 32,325	$ 43,391

Consolidated Statement of Stockholders' Equity (Unaudited) - 9 months ended Sep. 30, 2016 - USD ($) $ in Thousands	Total	Common Stock	Treasury Stock	Additional Paid-In Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)
Beginning Balance at Dec. 31, 2015	$ 652,325	$ 241	$ (103,734)	$ 438,367	$ 313,866	$ 3,585
Beginning Balance, shares at Dec. 31, 2015		(24,065,154)	(2,262,080)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Comprehensive income	32,325				33,463	(1,138)
Issuance of common stock in connection with:
Restricted stock awards, net of cancellations	0	$ 4	$ (3,758)	3,754
Restricted stock awards, net of cancellations, shares		368,251	59,375
Stock Issued During Period, Value, Stock Options Exercised	123	$ 0		123
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period		4,706
Share-based compensation	14,088			14,088
Shares redeemed for employee tax withholdings	(4,837)		$ (4,837)
Shares redeemed for employee tax withholdings, shares			86,191
Income tax benefit on share-based compensation	261			261
Share repurchases	(55,265)	$ (10)		(55,255)
Shares repurchased, shares		(982,192)
Ending Balance at Sep. 30, 2016	$ 639,020	$ 235	$ (112,329)	$ 401,338	$ 347,329	$ 2,447
Ending Balance, shares at Sep. 30, 2016		(23,455,919.000)	(2,407,646.000)

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Cash flows from operating activities:
Net income	$ 33,463	$ 39,709
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	34,344	38,220
Share-based compensation	13,145	15,288
Amortization of debt discount and issuance costs	7,171	6,985
Allowances For Doubtful Accounts And Unbilled Services	7,107	(1,605)
Deferred income taxes	4,045	13,407
Changes in operating assets and liabilities, net of acquisitions:
(Increase) decrease in receivables from clients	9,442	(14,725)
(Increase) decrease in unbilled services	(21,492)	15,179
(Increase) decrease in current income tax receivable / payable, net	(3,039)	3,704
(Increase) decrease in other assets	12,669	(5,381)
Increase (decrease) in accounts payable and accrued liabilities	(2,366)	8,459
Increase (decrease) in accrued payroll and related benefits	(17,707)	(43,510)
Increase (decrease) in deferred revenues	2,028	7,507
Net cash provided by operating activities	78,810	83,237
Cash flows from investing activities:
Purchases of property and equipment, net	(9,372)	(15,040)
Investment in life insurance policies	(1,890)	(4,823)
Purchases of businesses, net of cash acquired	(69,133)	(332,766)
Purchase of convertible debt investment	0	(15,138)
Capitalization of internally developed software costs	(838)	(735)
Net cash used in investing activities	(81,233)	(368,502)
Cash flows from financing activities:
Proceeds from exercise of stock options	123	0
Shares redeemed for employee tax withholdings	(4,837)	(5,194)
Tax benefit from share-based compensation	935	3,117
Share repurchases	(55,265)	(13,498)
Proceeds from borrowings under credit facility	168,000	272,000
Repayments on credit facility	(156,000)	(214,500)
Payments for capital lease obligations	0	(48)
Net cash provided by (used in) financing activities	(47,044)	41,877
Effect of exchange rate changes on cash	133	(22)
Net decrease in cash and cash equivalents	(49,334)	(243,410)
Cash and cash equivalents at beginning of the period	58,437	256,872
Cash and cash equivalents at end of the period	9,103	13,462
Non-cash investing and financing activities:
Property and equipment expenditures included in accounts payable and accrued expenses	2,928	2,201
Contingent consideration related to business acquisitions	8,754	900
Common stock issued related to business acquisition	$ 0	$ 2,204

Description of Business	9 Months Ended
Description of Business	Sep. 30, 2016
Accounting Policies [Abstract]
Description of Business	Description of Business Huron is a global professional services firm focused on assisting clients with their most complex business issues by delivering high-value, quality solutions to support their long-term strategic objectives. We specialize in serving clients in the healthcare, higher education, life sciences, and commercial sectors as these organizations face significant transformational change and regulatory or economic pressures in dynamic market environments. With our deep industry and technical expertise, we provide advisory, consulting, technology, and analytic solutions to deliver sustainable and measurable results. We provide consulting services to a wide variety of both financially sound and distressed organizations, including healthcare organizations, leading academic institutions, Fortune 500 companies, and governmental entities.

Basis of Presentation	9 Months Ended
Basis of Presentation	Sep. 30, 2016
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited consolidated financial statements reflect the financial position, results of operations, and cash flows as of and for the three and nine months ended September 30, 2016 and 2015. These financial statements have been prepared in accordance with the rules and regulations of the U.S. Securities and Exchange Commission (“SEC”) for Quarterly Reports on Form 10-Q. Accordingly, these financial statements do not include all of the information and note disclosures required by accounting principles generally accepted in the United States of America (“GAAP”) for annual financial statements. In the opinion of management, these financial statements reflect all adjustments of a normal, recurring nature necessary for the fair statement of our financial position, results of operations, and cash flows for the interim periods presented in conformity with GAAP. These financial statements should be read in conjunction with our consolidated financial statements and notes thereto for the year ended December 31, 2015 included in our Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q for the periods ended March 31, 2016 and June 30, 2016. Our results for any interim period are not necessarily indicative of results for a full year or any other interim period. On December 10, 2015, we entered into an agreement to sell our Huron Legal segment to a third party. The sale closed on December 31, 2015. The operations of our Huron Legal segment have been classified as discontinued operations in our consolidated statements of earnings for all periods presented. As of September 30, 2016 and December 31, 2015, no assets or liabilities of the disposed business remained on our consolidated balance sheet. See Note 4 "Discontinued Operations" for additional information on the divestiture of our Huron Legal segment. Certain other amounts reported in the previous year have been reclassified to conform to the 2016 presentation. See Note 3 "New Accounting Pronouncements" for information on the balance sheet reclassification of our debt issuance costs related to our convertible notes.

New Accounting Pronouncements	9 Months Ended
New Accounting Pronouncements	Sep. 30, 2016
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
New Accounting Pronouncements	New Accounting Pronouncements In March 2016, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2016-09, Improvements to Employee Share-Based Payment Accounting. ASU 2016-09 simplifies several aspects related to the accounting for share-based payment transactions, including the accounting for income taxes, classification of excess tax benefits on the statement of cash flows, and forfeitures. The updated guidance is effective for us beginning January 1, 2017, at which time we will begin recognizing excess tax benefits and deficiencies as income tax expense or benefit in our consolidated statement of earnings on a prospective basis. Prior to adoption of this ASU, excess tax benefits and deficiencies are recognized in additional paid-in capital on our consolidated balance sheet. Additionally, upon adoption, we will classify excess tax benefits as an operating activity, as opposed to a financing activity, on the statement of cash flows on a retrospective basis. Upon adoption, we will elect to account for share-based award forfeitures as they occur and apply this accounting change on a modified retrospective basis as a cumulative-effect adjustment to retained earnings, which we do not expect to have a material impact on our consolidated financial statements. In March 2016, the FASB issued ASU 2016-06, Derivatives and Hedging: Contingent Put and Call Options in Debt Instruments. ASU 2016-06 clarifies that in assessing whether an embedded contingent put or call option is clearly and closely related to the debt host, an entity is required to perform only the four-step decision sequence in ASC 815-15-25-42 (as amended by the ASU). The entity does not have to separately assess whether the event that triggers its ability to exercise the contingent option is itself indexed only to interest rates or credit risk. The updated guidance is effective for us beginning January 1, 2017. We do not expect the adoption of this guidance to have any impact on our consolidated financial statements. In March 2016, the FASB issued ASU 2016-02, Leases, which supersedes ASC Topic 840, Leases, and sets the principles for the recognition, measurement, presentation, and disclosure of leases for both lessees and lessors. ASU 2016-02 requires lessees to classify leases as either finance or operating leases and to record on the balance sheet a right-of-use asset and a lease liability, equal to the present value of the remaining lease payments, for all leases with a term greater than 12 months regardless of the lease classification. The lease classification will determine whether the lease expense is recognized based on an effective interest rate method or on a straight-line basis over the term of the lease. ASU 2016-02 will be effective for us beginning January 1, 2019, with early adoption permitted. Entities are required to use a modified retrospective transition method for existing leases. We are currently evaluating the potential impact this guidance will have on our consolidated financial statements. In January 2016, the FASB issued ASU 2016-01, Financial Instruments - Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities. The amendments to the guidance enhance the reporting model for financial instruments, which includes amendments to address aspects of recognition, measurement, presentation, and disclosure. The updated guidance is effective for us beginning January 1, 2018. We are currently evaluating the potential impact this guidance will have on our consolidated financial statements. In April 2015, the FASB issued ASU 2015-05, Intangibles-Goodwill and Other-Internal-Use Software (Subtopic 350-40): Customer's Accounting for Fees Paid in a Cloud Computing Arrangement. The amendments in ASU 2015-05 provide guidance to customers about whether a cloud computing arrangement includes a software license. If a cloud computing arrangement includes a software license, the customer should account for the software license element of the arrangement consistent with other software licenses. If a cloud computing arrangement does not include a software license, the customer should account for the arrangement as a service contract. We adopted these amendments in the first quarter of 2016 on a prospective basis. The adoption of these amendments did not have any impact on our consolidated financial statements. In April 2015, the FASB issued ASU 2015-03, Simplifying the Presentation of Debt Issuance Costs. The amendments to the guidance require the presentation of debt issuance costs on the balance sheet as a deduction from the carrying amount of the related debt liability, consistent with debt discounts. In August 2015, the FASB issued ASU 2015-15, Presentation and Subsequent Measurement of Debt Issuance Costs Associated with Line-of-Credit Arrangements: Amendments to SEC Paragraphs Pursuant to Staff Announcement at June 18, 2015 EITF Meeting, which clarifies the treatment of debt issuance costs from line-of-credit arrangements after the adoption of ASU 2015-03. ASU 2015-15 clarifies that the SEC staff would not object to an entity deferring and presenting debt issuance costs related to a line-of-credit arrangement as an asset and subsequently amortizing the deferred debt issuance costs ratably over the term of such arrangement, regardless of whether there are any outstanding borrowings on the line-of-credit arrangement. We adopted these amendments in the first quarter of 2016 on a retrospective basis. As a result, we reclassified debt issuance costs related to our convertible notes of $1.2 million included in prepaid expenses and other current assets and $3.4 million included in other non-current assets to long-term debt on our previously reported consolidated balance sheet as of December 31, 2015. See Note 8 "Financing Arrangements" for information on our convertible notes. In February 2015, the FASB issued ASU 2015-02, Amendments to the Consolidation Analysis, which amends the consolidation requirements in ASC 810, Consolidation. ASU 2015-02 requires management to reevaluate all legal entities under a revised consolidation model, specifically (i) modify the evaluation of whether limited partnership and similar legal entities are variable interest entities (VIEs) or voting interest entities, (ii) eliminate the presumption that a general partner should consolidate a limited partnership, (iii) affect the consolidation analysis of reporting entities that are involved with VIEs, particularly those that have fee arrangements and related party relationships, and (iv) provide a scope exception from consolidation guidance for reporting entities with interests in legal entities that are required to comply with or operate in accordance with requirements that are similar to those in Rule 2a-7 of the Investment Act of 1940 for registered money market funds. We adopted these amendments in the first quarter of 2016. The adoption of these amendments did not have any impact on our consolidated financial statements. In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers, as a new Topic, ASC 606. The new revenue recognition standard provides a five-step analysis of transactions to determine when and how revenue is recognized. The core principle is that a company should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. In accordance with the new standard, we will adopt ASU 2014-09 on January 1, 2018. The new guidance may be applied retrospectively to each period presented or as a cumulative-effect adjustment as of the date of adoption. We are currently evaluating the potential impact this guidance will have on our consolidated financial statements, as well as the transition methods.

- Definition

The entire disclosure of changes in accounting principles, including adoption of new accounting pronouncements, that describes the new methods, amount and effects on financial statement line items.

+ References

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+ Details

Discontinued Operations Discontinued Operations

9 Months Ended

Sep. 30, 2016

Discontinued Operations and Disposal Groups [Abstract]

Discontinued Operations

During 2015, we began evaluating strategic alternatives related to our Huron Legal segment, including the potential divestiture of the practice. On December 10, 2015, we entered into an agreement to sell Huron Legal to Consilio, Inc. ("Consilio"). Pursuant to the agreement, Consilio acquired substantially all of the assets and assumed certain liabilities of Huron Legal, and acquired all issued and outstanding equity interests in certain entities wholly owned by the Company. Huron Legal provided eDiscovery services, consulting services and contract management services related to law department management, information governance and compliance, legal discovery, litigation management, and legal analytics.

The sale closed on December 31, 2015, at which time we received net proceeds of $110.1 million and recognized a pretax disposal loss of $2.3 million. The divestiture of the Huron Legal segment represented a strategic shift that had a major effect on our operations and financial results as contemplated under ASC 205-20, Presentation of Financial Statements - Discontinued Operations. As such, the operations of our Huron Legal segment have been classified as discontinued operations in our consolidated statements of earnings for all periods presented. As of September 30, 2016 and December 31, 2015, no assets or liabilities of the disposed business remained on our consolidated balance sheet.

For the nine months ended September 30, 2016, we recognized losses from discontinued operations, net of tax, of $1.8 million, primarily related to obligations for former employees, legal fees, and updated lease assumptions for vacated office space directly related to the sale of the Huron Legal segment.

The table below summarizes the operating results of Huron Legal for the three and nine months ended September 30, 2015.



	Three Months Ended September 30, 2015			Nine Months Ended September 30, 2015
Revenues and reimbursable expenses:
Revenues	$	34,416		$	107,468
Reimbursable expenses	1,265			2,634
Total revenues and reimbursable expenses	35,681			110,102
Direct costs and reimbursable expenses (exclusive of depreciation and amortization shown in operating expenses):
Direct costs	20,766			68,630
Amortization of intangible assets	58			175
Reimbursable expenses	1,266			2,632
Total direct costs and reimbursable expenses	22,090			71,437
Operating expenses:
Selling, general and administrative expenses	4,383			15,371
Restructuring charges	(17		)	913
Depreciation and amortization	2,456			7,485
Total operating expenses	6,822			23,769
Operating income	6,769			14,896
Other income, net	17			37
Income from discontinued operations before income tax expense	6,786			14,933
Income tax expense	1,689			4,617
Income from discontinued operations, net of tax	$	5,097		$	10,316

The table below summarizes the amounts reflected in our consolidated statements of cash flows that relate to the discontinued operation for the nine months ended September 30, 2015.



	Nine Months Ended September 30, 2015
Depreciation and amortization	$	7,660
Share-based compensation	$	618
Purchases of property and equipment	$	5,117
Significant non-cash investing items of discontinued operations:
Contingent consideration related to business acquisitions	$	900

In connection with the sale of Huron Legal, we entered into a transition services agreement ("TSA") with Consilio, under which we are providing certain post-closing services, support, and facilities to Consilio to facilitate an orderly transfer of the Huron Legal business operations. Billings under the TSA, which we do not consider to be significant, are recorded as a reduction of the costs to provide the respective service, primarily in selling, general and administrative expenses in the consolidated statements of earnings. We expect to provide services under the TSA through the third quarter of 2017 with the scope of services decreasing over the term of the agreement. Other than the TSA, we have no continuing involvement with the Huron Legal segment.

- Definition

The entire disclosure related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component.

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+ Details

Acquisitions

9 Months Ended

Sep. 30, 2016

Business Combinations [Abstract]

Acquisitions

Healthcare Services Management, Inc.

On August 1, 2016, we completed the acquisition of Healthcare Services Management, Inc. ("HSM"), a firm specializing in healthcare information technology and management consulting. The results of operations of HSM have been included in our consolidated financial statements and results of operations of our Huron Healthcare segment from the date of acquisition.

ADI Strategies, Inc.

On May 1, 2016, we completed the acquisition of the U.S. assets of ADI Strategies, Inc. ("ADI Strategies"), a leading enterprise performance management, risk management, and business intelligence firm focused on implementing the Oracle enterprise application suite. The results of operations of ADI Strategies have been included in our consolidated financial statements and the results of operations of our Huron Business Advisory segment from the date of acquisition. We are also in the process of acquiring the international assets of ADI Strategies in Dubai and India, for which we currently expect to sign and close later in the fourth quarter of 2016 or early in 2017.

My Rounding Solutions, LLC

On February 1, 2016, we completed the acquisition of My Rounding Solutions, LLC ("MyRounding"), a Denver, Colorado-based firm specializing in digital health solutions to improve patient care. The MyRounding application is designed to standardize, automate, and track rounding activity, allowing nurses and staff to improve the care and experience of patients in real time. The addition of MyRounding expands the integration of our software and consulting solutions and strengthens our transformation services for healthcare providers. The results of operations of MyRounding have been included in our consolidated financial statements and the results of operations of our Huron Healthcare segment from the date of acquisition.

The acquisitions of HSM, ADI Strategies, and MyRounding are not significant to our consolidated financial statements individually or in the aggregate.

Studer Holdings, Inc.

On February 12, 2015, we acquired 100% of the outstanding stock of Studer Holdings, Inc. (“Studer Group”) from the existing shareholders in accordance with an Agreement and Plan of Merger dated January 26, 2015 (the “Merger Agreement”). Studer Group is a professional services firm that assists healthcare providers achieve cultural transformation to deliver and sustain improvement in clinical outcomes and financial results. The acquisition combines Huron Healthcare’s performance improvement and clinical transformation capabilities with Studer Group’s Evidence-Based Leadership^SM framework to provide leadership and cultural transformation expertise for healthcare provider clients.

The acquisition date fair value of the consideration transferred for Studer Group was $325.2 million, which consisted of the following:



Fair value of consideration transferred
Cash	$	323,237
Common stock	2,204
Net working capital adjustment	(255		)
Total consideration transferred	$	325,186

We funded the cash component of the purchase price with cash on hand and borrowings of $102.0 million under our senior secured credit facility. We issued 28,486 shares of our common stock as part of the consideration transferred, with an acquisition date fair value of $2.2 million based on the closing price of $77.35 on the date of acquisition.

The acquisition was accounted for using the acquisition method of accounting. Tangible and identifiable intangible assets acquired and liabilities assumed are recorded at fair value as of the acquisition date. The following table summarizes the allocation of the purchase price to the fair value of assets acquired and liabilities assumed as of the acquisition date.



	Amount
Assets acquired:
Accounts receivable	$	14,906
Prepaid expenses and other current assets	1,385
Deferred income tax asset	4,335
Property and equipment	4,509
Intangible assets	97,500
Liabilities assumed:
Accounts payable	760
Accrued expenses and other current liabilities	2,868
Accrued payroll and related benefits	1,574
Deferred revenues	2,449
Deferred income tax liability	21,263
Other non-current liabilities	1,211
Total identifiable net assets	92,510
Goodwill	232,676
Total purchase price	$	325,186

The following table sets forth the components of identifiable intangible assets acquired and their estimated useful lives as of the acquisition date.



	Fair Value		Useful Life in Years
Customer relationships	$	42,400	9
Customer contracts	25,100		4
Trade name	22,800		5
Technology and software	3,900		3
Publishing content	3,300		3
Total intangible assets subject to amortization	$	97,500

The weighted average amortization period for the identifiable intangible assets shown above is 6.3 years. Customer relationships and customer contracts represent the fair values of the underlying relationships and agreements with Studer Group customers. The trade name represents the fair value of the brand and name recognition associated with the marketing of Studer Group’s service offerings. Technology and software and publishing content represent the estimated fair values of Studer Group’s software and books that are sold to customers. Goodwill is recognized for the excess of purchase price over the net fair value of assets acquired and liabilities assumed, and largely reflects the expanded market opportunities expected from combining the service offerings of Huron and Studer Group, as well as the assembled workforce of Studer Group. Goodwill recognized in conjunction with the acquisition of Studer Group was recorded in the Huron Healthcare segment. Goodwill of $119.5 million is expected to be deductible for income tax purposes.

Studer Group’s results of operations have been included in our unaudited consolidated statements of earnings and other comprehensive income and results of operations of our Huron Healthcare segment from the date of acquisition. For the three months ended September 30, 2015, revenues from Studer Group were $22.3 million and operating income was $1.6 million, which included $6.1 million of amortization expense for intangible assets acquired. For the nine months ended September 30, 2015, revenues from Studer Group were $56.0 million and operating income was $3.6 million, which included $15.2 million of amortization expense for intangible assets acquired. In connection with the acquisition of Studer Group, we incurred $2.1 million of transaction and acquisition-related expenses, $0.9 million of which were incurred in the fourth quarter of 2014, $1.0 million of which were incurred in the first quarter of 2015, and the remaining $0.2 million were incurred in the second quarter of 2015. These costs are recorded in selling, general and administrative expenses in the period in which they were incurred.

The following supplemental pro forma information summarizes the combined results of operations for Huron and Studer Group for the three and nine months ended September 30, 2015 as though the companies were combined on January 1, 2014.



	Three Months Ended September 30, 2015		Nine Months Ended September 30, 2015
Revenues	$	175,465	$	524,732
Net income from continuing operations	$	14,507	$	30,699
Net income from continuing operations per share - basic	$	0.66	$	1.39
Net income from continuing operations per share - diluted	$	0.64	$	1.36

The historical financial information has been adjusted to give effect to pro forma adjustments, which consist of intangible assets amortization expense, acquisition-related costs, interest expense, the related income tax effects, and shares issued as consideration. These adjustments are based upon currently available information and certain assumptions. Therefore, the pro forma consolidated results are not necessarily indicative of what the Company’s consolidated results of operations actually would have been had it completed the acquisition on January 1, 2014. The historical results included in the pro forma consolidated results do not purport to project future results of operations of the combined companies nor do they reflect the expected realization of any cost savings or revenue synergies associated with the acquisition.

- Definition

The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable).

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+ Details

Goodwill and Intangible Assets

9 Months Ended

Sep. 30, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

The table below sets forth the changes in the carrying amount of goodwill by reportable segment for the nine months ended September 30, 2016.



	Huron Healthcare		Huron Education and Life Sciences		Huron Business Advisory			Total
Balance as of December 31, 2015:
Goodwill	$	610,264	$	102,906	$	181,213		$	894,383
Accumulated impairment	—		—		(142,983		)	(142,983		)
Goodwill, net as of December 31, 2015	610,264		102,906		38,230			751,400
Goodwill recorded in connection with business acquisitions	26,522		—		21,824			48,346
Foreign currency translation	—		—		212			212
Goodwill, net as of September 30, 2016	$	636,786	$	102,906	$	60,266		$	799,958

Refer to Note 5 “Acquisitions” for additional information on our recent acquisitions.

Intangible assets as of September 30, 2016 and December 31, 2015 consisted of the following:



		September 30, 2016				December 31, 2015
	Useful Life in Years	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Customer relationships	4 to 13	$	89,282	$	31,346	$	79,449	$	22,360
Customer contracts	1 to 4	27,497		19,541		25,332		11,943
Trade names	5	22,930		10,087		22,800		5,396
Technology and software	3 to 5	9,250		2,536		4,180		1,324
Non-competition agreements	1 to 5	3,685		1,498		3,415		1,498
Publishing content	3	3,300		1,788		3,300		963
Favorable lease contract	3	720		148		—		—
In-process technology	Indefinite	370		—		—		—
Total		$	157,034	$	66,944	$	138,476	$	43,484

Identifiable intangible assets with finite lives are amortized over their estimated useful lives. Customer relationships and customer contracts, as well as certain trade names and technology and software, are amortized on an accelerated basis to correspond to the cash flows expected to be derived from the assets. All other intangible assets with finite lives are amortized on a straight-line basis. In connection with the acquisition of MyRounding, we acquired in-process technology which is accounted for as an indefinite-lived intangible asset until the development of the technology is complete, at which point we will determine the useful life and amortize the asset accordingly. Refer to Note 5 "Acquisitions" for additional information on the acquisition of MyRounding.

Intangible asset amortization expense was $8.8 million and $7.9 million for the three months ended September 30, 2016 and 2015, respectively. Intangible assets amortization expense was $24.4 million and $20.7 million for the nine months ended September 30, 2016 and 2015, respectively. The table below sets forth the estimated annual amortization expense for the year ending December 31, 2016 and each of the five succeeding years for the definite-lived intangible assets recorded as of September 30, 2016.



Year Ending December 31,	Estimated Amount
2016	$	33,122
2017	$	30,201
2018	$	19,193
2019	$	12,626
2020	$	7,978
2021	$	4,540

Actual future amortization expense could differ from these estimated amounts as a result of future acquisitions, dispositions, and other factors.

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

+ References + Details

Earnings Per Share

9 Months Ended

Sep. 30, 2016

Earnings Per Share [Abstract]

Earnings Per Share

Basic earnings per share excludes dilution and is computed by dividing net income by the weighted average number of common shares outstanding for the period, excluding unvested restricted common stock. Diluted earnings per share reflects the potential reduction in earnings per share that could occur if securities or other contracts to issue common stock were exercised or converted into common stock under the treasury stock method. Such securities or other contracts include unvested restricted stock awards, outstanding common stock options, convertible senior notes, and outstanding warrants, to the extent dilutive. Earnings per share under the basic and diluted computations are as follows:



	Three Months Ended September 30,				Nine Months Ended September 30,
	2016		2015		2016			2015
Net income from continuing operations	$	12,288	$	14,277	$	35,293		$	29,393
Income (loss) from discontinued operations, net of tax	4		5,097		(1,830		)	10,316
Net income	$	12,292	$	19,374	$	33,463		$	39,709

Weighted average common shares outstanding – basic	21,076		22,107		21,084			22,151
Weighted average common stock equivalents	369		485		343			465
Weighted average common shares outstanding – diluted	21,445		22,592		21,427			22,616

Net earnings per basic share:
Net income from continuing operations	$	0.58	$	0.65	$	1.67		$	1.33
Income (loss) from discontinued operations, net of tax	—		0.23		(0.08		)	0.46
Net income	$	0.58	$	0.88	$	1.59		$	1.79

Net earnings per diluted share:
Net income from continuing operations	$	0.57	$	0.63	$	1.65		$	1.30
Income (loss) from discontinued operations, net of tax	—		0.23		(0.09		)	0.46
Net income	$	0.57	$	0.86	$	1.56		$	1.76

The number of anti-dilutive securities excluded from the computation of the weighted average common stock equivalents presented above is shown in the following table.



	As of September 30,
	2016	2015
Unvested restricted stock awards	5	—
Convertible senior notes	3,129	3,129
Warrants related to the issuance of convertible senior notes	3,129	3,129
Total anti-dilutive securities	6,263	6,258

See Note 8 “Financing Arrangements” for further information on the convertible senior notes and warrants related to the issuance of convertible notes.

Our board of directors authorized a share repurchase program pursuant to which we may, from time to time, repurchase up to $125.0 million of our common stock through October 31, 2016 (the “Share Repurchase Program”). In October 2016, our board of directors authorized an extension of the Share Repurchase Program through October 31, 2017. The amount and timing of the repurchases will be determined by management and will depend on a variety of factors, including the trading price of our common stock, general market and business conditions, and applicable legal requirements. In the first quarter of 2016, 982,192 shares were repurchased and retired for $55.3 million. In 2015, 583,880 shares were repurchased and retired for $34.6 million. As of September 30, 2016, $35.1 million remains available for share repurchases.

Financing Arrangements

9 Months Ended

Sep. 30, 2016

Debt Disclosure [Abstract]

Financing Arrangements

A summary of the carrying amounts of our debt is as follows:



	September 30, 2016		December 31, 2015
1.25% convertible senior notes due 2019	$	221,858	$	215,376
Senior secured credit facility	104,000		92,000
Total long-term debt	$	325,858	$	307,376

A summary of the scheduled maturities of our debt follows:



	Scheduled Maturities of Long-Term Debt
2019	$	250,000
2020	$	104,000

Convertible Notes

In September 2014, the Company issued $250.0 million principal amount of 1.25% convertible senior notes due 2019 (the “Convertible Notes”) in a private offering. The Convertible Notes are governed by the terms of an indenture between the Company and U.S. Bank National Association, as Trustee (the “Indenture”). The Convertible Notes are senior unsecured obligations of the Company and will pay interest semi-annually on April 1 and October 1 of each year at an annual rate of 1.25%. The Convertible Notes will mature on October 1, 2019, unless earlier repurchased by the Company or converted in accordance with their terms.

Upon conversion, the Convertible Notes will be settled, at our election, in cash, shares of the Company’s common stock, or a combination of cash and shares of the Company’s common stock. Our current intent and policy is to settle conversions with a combination of cash and shares of common stock with the principal amount of the Convertible Notes paid in cash, in accordance with the settlement provisions of the Indenture.

The initial conversion rate for the Convertible Notes is 12.5170 shares of our common stock per $1,000 principal amount of the Convertible Notes, which is equal to an initial conversion price of approximately $79.89 per share of our common stock. The conversion rate will be subject to adjustment upon the occurrence of certain specified events but will not be adjusted for accrued and unpaid interest, except in certain limited circumstances described in the Indenture. Upon the occurrence of a “make-whole fundamental change” (as defined in the Indenture) the Company will, in certain circumstances, increase the conversion rate by a number of additional shares for a holder that elects to convert its Convertible Notes in connection with such make-whole fundamental change. Additionally, if the Company undergoes a “fundamental change” (as defined in the Indenture), a holder will have the option to require the Company to repurchase all or a portion of its Convertible Notes for cash at a price equal to 100% of the principal amount of the Convertible Notes being repurchased plus any accrued and unpaid interest. As discussed below, the convertible note hedge transactions and warrants, which were entered into in connection with the Convertible Notes, effectively raise the price at which economic dilution would occur from the initial conversion price of approximately $79.89 to approximately $97.12 per share.

Holders of the Convertible Notes may convert their Convertible Notes at their option at any time prior to July 1, 2019, only under the following circumstances:

•

during any calendar quarter (and only during such calendar quarter) commencing after December 31, 2014 if, for each of at least 20 trading days (whether or not consecutive) during the 30 consecutive trading day period ending on, and including, the last trading day of the immediately preceding calendar quarter, the last reported sale price of the Company’s common stock for such trading day is equal to or greater than 130% of the applicable conversion price on such trading day;

•

during the five consecutive business day period immediately following any five consecutive trading day period (such five consecutive trading day period, the “measurement period”) in which, for each trading day of the measurement period, the “trading price” (as defined in the Indenture) per $1,000 principal amount of the Convertible Notes for such trading day was less than 98% of the product of the last reported sale price of the Company’s common stock for such trading day and the applicable conversion rate on such trading day; or


•	upon the occurrence of specified corporate transactions described in the Indenture.

On or after July 1, 2019 until the close of business on the second scheduled trading day immediately preceding the maturity date, a holder may convert all or a portion of its Convertible Notes, regardless of the foregoing circumstances.

In accordance with ASC 470, Debt, we have separated the Convertible Notes into liability and equity components. The carrying amount of the liability component was determined by measuring the fair value of a similar liability that does not have an associated convertible feature, assuming our non-convertible debt borrowing rate. The carrying value of the equity component representing the conversion option, which is recognized as a debt discount, was determined by deducting the fair value of the liability component from the proceeds of the Convertible Notes. The debt discount is amortized to interest expense using an effective interest rate of 4.751% over the term of the Convertible Notes. As of September 30, 2016, the remaining life of the Convertible Notes is 3.0 years. The equity component will not be remeasured as long as it continues to meet the conditions for equity classification.

The transaction costs related to the issuance of the Convertible Notes were separated into liability and equity components based on their relative values, as determined above. Transaction costs attributable to the liability component are recorded as a deduction to the carrying amount of the liability and amortized to interest expense over the term of the Convertible Notes; and transaction costs attributable to the equity component are netted with the equity component of the Convertible Notes in stockholders’ equity. Total debt issuance costs were approximately $7.3 million, of which $6.2 million was allocated to liability issuance costs and $1.1 million was allocated to equity issuance costs.

As of September 30, 2016 and December 31, 2015, the Convertible Notes consisted of the following:



	September 30, 2016			December 31, 2015
Liability component:
Proceeds	$	250,000		$	250,000
Less: debt discount, net of amortization	(24,425		)	(30,007		)
Less: debt issuance costs, net of amortization	(3,717		)	(4,617		)
Net carrying amount	$	221,858		$	215,376
Equity component⁽¹⁾	$	39,287		$	39,287


(1)	Included in Additional paid-in capital on the consolidated balance sheet.

The following table presents the amount of interest expense recognized related to the Convertible Notes for the periods presented.



	Three Months Ended September 30,				Nine Months Ended September 30,
	2016		2015		2016		2015
Contractual interest coupon	$	781	$	781	$	2,344	$	2,344
Amortization of debt discount	1,883		1,795		5,582		5,324
Amortization of debt issuance costs	302		295		900		883
Total interest expense	$	2,966	$	2,871	$	8,826	$	8,551

In connection with the issuance of the Convertible Notes, we entered into convertible note hedge transactions and warrant transactions. The convertible note hedge transactions are intended to reduce the potential future economic dilution associated with the conversion of the Convertible Notes and, combined with the warrants, effectively raise the price at which economic dilution would occur from the initial conversion price of approximately $79.89 to approximately $97.12 per share. For purposes of the computation of diluted earnings per share in accordance with GAAP, dilution will occur when the average share price of our common stock for a given period exceeds the conversion price of the Convertible Notes, which initially is equal to approximately $79.89 per share. The convertible note hedge transactions and warrant transactions are discussed separately below.

•

Convertible Note Hedge Transactions. In connection with the issuance of the Convertible Notes, the Company entered into convertible note hedge transactions whereby the Company has call options to purchase a total of approximately 3.1 million shares of the Company’s common stock, which is the number of shares initially issuable upon conversion of the Convertible Notes in full, at a price of approximately $79.89, which corresponds to the initial conversion price of the Convertible Notes, subject to customary anti-dilution adjustments substantially similar to those in the Convertible Notes. The convertible note hedge transactions are exercisable upon conversion of the Convertible Notes and will expire in 2019 if not earlier exercised. We paid an aggregate amount of $42.1 million for the convertible note hedge transactions, which was recorded as additional paid-in capital on the consolidated balance sheets. The convertible note hedge transactions are separate transactions and are not part of the terms of the Convertible Notes.

•

Warrants. In connection with the issuance of the Convertible Notes, the Company sold warrants whereby the holders of the warrants have the option to purchase a total of approximately 3.1 million shares of the Company’s common stock at a strike price of approximately $97.12. The warrants will expire incrementally on 100 different dates from January 6, 2020 to May 28, 2020 and are exercisable at each such expiry date. If the average market value per share of our common stock for the reporting period exceeds the strike price of the warrants, the warrants will have a dilutive effect on our earnings per share. We received aggregate proceeds of $23.6 million from the sale of the warrants, which was recorded as additional paid-in capital on the consolidated balance sheets. The warrants are separate transactions and are not part of the terms of the Convertible Notes or the convertible note hedge transactions.

The Company recorded an initial deferred tax liability of $15.4 million in connection with the debt discount associated with the Convertible Notes and recorded an initial deferred tax asset of $16.5 million in connection with the convertible note hedge transactions. The deferred tax liability and deferred tax asset are included in non-current deferred tax liabilities on the consolidated balance sheets.

Senior Secured Credit Facility

The Company has a $500 million five-year senior secured revolving credit facility, subject to the terms of a Second Amended and Restated Credit Agreement dated as of March 31, 2015 (the "Amended Credit Agreement"), that becomes due and payable in full upon maturity on March 31, 2020. The Amended Credit Agreement provides the option to increase the revolving credit facility or establish term loan facilities in an aggregate amount of up to $100 million, subject to customary conditions and the approval of any lender whose commitment would be increased, resulting in a maximum available principal amount under the Amended Credit Agreement of $600 million. The initial borrowings under the Amended Credit Agreement were used to refinance borrowings outstanding under a prior credit agreement, and future borrowings under the Amended Credit Agreement may be used for working capital, capital expenditures, acquisitions of businesses, share repurchases, and general corporate purposes.

Fees and interest on borrowings vary based on our Consolidated Leverage Ratio (as defined in the Amended Credit Agreement). At our option, borrowings under the Amended Credit Agreement will bear interest at one, two, three or six-month LIBOR or an alternate base rate, in each case plus the applicable margin. The applicable margin will fluctuate between 1.25% per annum and 1.75% per annum, in the case of LIBOR borrowings, or between 0.25% per annum and 0.75% per annum, in the case of base rate loans, based upon our Consolidated Leverage Ratio at such time.

Amounts borrowed under the Amended Credit Agreement may be prepaid at any time without premium or penalty. We are required to prepay the amounts outstanding under the Amended Credit Agreement in certain circumstances, including a requirement to pay all amounts outstanding under the Amended Credit Agreement 90 days prior to the Convertible Indebtedness Maturity Date (as defined in the Amended Credit Agreement) unless (1) the Convertible Indebtedness Maturity Date is waived or extended to a later date, (2) the Company can demonstrate (a) Liquidity (as defined in the Amended Credit Agreement) in an amount at least equal to the principal amount due on the Convertible Indebtedness Maturity Date, and (b) financial covenant compliance after giving effect to such payments and any additional indebtedness incurred on a pro forma basis, or (3) this requirement is waived by the Required Lenders (as defined in the Amended Credit Agreement). In addition, we have the right to permanently reduce or terminate the unused portion of the commitments provided under the Amended Credit Agreement at any time.

The loans and obligations under the Amended Credit Agreement are secured pursuant to a Second Amended and Restated Security Agreement and a Second Amended and Restated Pledge Agreement (the “Amended Pledge Agreement”) with Bank of America, N.A. as collateral agent, pursuant to which the Company and the subsidiary guarantors grant Bank of America, N.A., for the ratable benefit of the lenders under the Amended Credit Agreement, a first-priority lien, subject to permitted liens, on substantially all of the personal property assets of the Company and the subsidiary guarantors, and a pledge of 100% of the stock or other equity interests in all domestic subsidiaries and 65% of the stock or other equity interests in each “material first-tier foreign subsidiary” (as defined in the Amended Pledge Agreement).

The Amended Credit Agreement contains usual and customary representations and warranties; affirmative and negative covenants, which include limitations on liens, investments, additional indebtedness, and restricted payments; and two quarterly financial covenants as follows: (i) a maximum Consolidated Leverage Ratio (defined as the ratio of debt to consolidated EBITDA) of either 3.25 to 1.00 or 3.50 to 1.00, depending on the measurement period, and (ii) a minimum Consolidated Interest Coverage Ratio (defined as the ratio of consolidated EBITDA to interest) of 3.50 to 1.00. Consolidated EBITDA for purposes of the financial covenants is calculated on a continuing operations basis and includes adjustments to add back share-based compensation costs, certain non-cash restructuring charges, and pro forma historical EBITDA for businesses acquired. At September 30, 2016, we were in compliance with these financial covenants with a Consolidated Leverage Ratio of 2.08 to 1.00 and a Consolidated Interest Coverage Ratio of 20.89 to 1.00.

Borrowings outstanding under the Amended Credit Agreement at September 30, 2016 totaled $104.0 million. These borrowings carried a weighted average interest rate of 2.4%, including the effect of the interest rate swap described below in Note 10 “Derivative Instruments and Hedging Activity." Borrowings outstanding under the Amended Credit Agreement at December 31, 2015 were $92.0 million and carried a weighted average interest rate of 2.4%. The borrowing capacity under the revolving credit facility is reduced by any outstanding borrowings under the revolving credit facility and outstanding letters of credit. At September 30, 2016, we had outstanding letters of credit totaling $4.7 million, which are primarily used as security deposits for our office facilities. As of September 30, 2016, the unused borrowing capacity under the revolving credit facility was $391.3 million.

Restructuring Charges

9 Months Ended

Sep. 30, 2016

Restructuring and Related Activities [Abstract]

Restructuring Charges

During the third quarter of 2016, we incurred a $1.0 million pretax restructuring charge primarily related to our Washington, D.C. space that we vacated in the fourth quarter of 2014. During the third quarter of 2016, we entered into a sublease agreement and adjusted our Washington, D.C. lease accrual to reflect the terms specified in the sublease agreement. During the nine months ended September 30, 2016, we incurred a $4.1 million pretax restructuring charge, of which $1.5 million related to updated assumptions for the lease accrual of the Washington, D.C. space, $1.2 million related to workforce reductions in our Healthcare segment to better align our resources with market demand, $0.9 million related to workforce reductions in our corporate operations as we adjust our infrastructure to align with our Huron Legal divestiture, and $0.2 million related to the wind down of our foreign consulting operations based in the Middle East.

During the third quarter of 2015, we incurred a $0.3 million pretax restructuring charge primarily related to updated assumptions for the lease accrual of the Washington, D.C. space. During the first nine months of 2015, we incurred a $1.6 million pretax restructuring charge. Of the $1.6 million charge, $1.2 million related to workforce reductions to better align our resources with market demand, of which $1.0 million related to our All Other segment for the wind down of our public sector consulting practice and our foreign consulting operations based in the Middle East and $0.2 million related to our corporate operations, and $0.3 million related to updated assumptions for the lease accrual of the Washington, D.C. space.

The table below sets forth the changes in the carrying amount of our restructuring charge liability by restructuring type for the nine months ended September 30, 2016.



	Employee Costs			Office Space Reductions			Other			Total
Balance as of December 31, 2015	$	2,323		$	6,379		$	—		$	8,702
Additions ⁽¹⁾	3,876			144			473			4,493
Payments	(5,166		)	(1,947		)	(258		)	(7,371		)
Adjustments⁽¹⁾	(242		)	1,376			(8		)	1,126
Non-cash items	—			(4		)	(149		)	(153		)
Balance as of September 30, 2016 ⁽²⁾	$	791		$	5,948		$	58		$	6,797


(1)	Additions and adjustments for the nine months ended September 30, 2016 include a total of $1.6 million related to discontinued operations. Refer to Note 4 "Discontinued Operations" for additional information.


(2)	The total restructuring charge liability as of September 30, 2016 includes $5.0 million related to discontinued operations. Refer to Note 4 "Discontinued Operations" for additional information on our discontinued operations.

As of September 30, 2016, our restructuring charge liability related to office space reductions of $5.9 million represented the present value of remaining lease payments, net of estimated sublease income, for our vacated office spaces in Washington, D.C., Houston, and New York. Of the $5.9 million restructuring charge liability related to office space reductions, $2.4 million is expected to be paid in the next 12 months. The $0.8 million restructuring charge liability related to employee costs is expected to be paid in the next 12 months. The restructuring charge liabilities are included as a component of accrued expenses and deferred compensation and other liabilities.

Derivative Instruments and Hedging Activity

9 Months Ended

Sep. 30, 2016

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Instruments and Hedging Activity

On December 8, 2011, we entered into a forward amortizing interest rate swap agreement effective February 29, 2012, which ended April 14, 2016. We entered into this derivative instrument to hedge against the interest rate risks of our variable-rate borrowings described in Note 8 “Financing Arrangements.” The swap had an initial notional amount of $56.6 million and amortized throughout the term. Under the terms of the interest rate swap agreement, we received from the counterparty interest on the notional amount based on one-month LIBOR and we paid to the counterparty a fixed rate of 0.9875%.

On May 30, 2012, we entered into an amortizing interest rate swap agreement effective May 31, 2012, which ended April 14, 2016. We entered into this derivative instrument to further hedge against the interest rate risks of our variable-rate borrowings. The swap had an initial notional amount of $37.0 million and amortized throughout the term. Under the terms of the interest rate swap agreement, we received from the counterparty interest on the notional amount based on one-month LIBOR and we paid to the counterparty a fixed rate of 0.70%.

On April 4, 2013, we entered into a forward amortizing interest rate swap agreement effective March 31, 2014 and ending August 31, 2017. We entered into this derivative instrument to further hedge against the interest rate risks of our variable-rate borrowings. The swap had an initial notional amount of $60.0 million and amortized quarterly until April 2016. Upon expiration of the two interest rate swaps in April 2016 described above, the notional amount of this interest rate swap increased to $86.0 million and continues to amortize quarterly throughout the remaining term. Under the terms of the interest rate swap agreement, we receive from the counterparty interest on the notional amount based on one-month LIBOR and we pay to the counterparty a fixed rate of 0.985%.

ASC 815, Derivatives and Hedging, requires companies to recognize all derivative instruments as either assets or liabilities at fair value on the balance sheet. In accordance with ASC 815, we designated these derivative instruments as cash flow hedges. As such, changes in the fair value of the derivative instruments are recorded as a component of other comprehensive income (“OCI”) to the extent of effectiveness and reclassified into interest expense upon settlement. The ineffective portion of the change in fair value of the derivative instruments is recognized in interest expense. As of September 30, 2016, it was anticipated that all of the losses currently recorded in accumulated other comprehensive income will be reclassified into earnings within the next 12 months. Our interest rate swap agreements were effective during the three and nine months ended September 30, 2016.

The table below sets forth additional information relating to these interest rate swaps designated as cash flow hedging instruments as of September 30, 2016 and December 31, 2015.



	Fair Value (Derivative Asset and Liability)
Balance Sheet Location	September 30, 2016		December 31, 2015
Other non-current assets	$	—	$	86
Accrued expenses	$	200	$	242

All of the Company’s derivative instruments are transacted under the International Swaps and Derivatives Association (ISDA) master agreements. These agreements permit the net settlement of amounts owed in the event of default and certain other termination events. Although netting is permitted, it is the Company’s policy to record all derivative assets and liabilities on a gross basis on our consolidated balance sheet. All of the Company’s derivative instruments as of September 30, 2016 and December 31, 2015 were held with the same counterparty.

We do not use derivative instruments for trading or other speculative purposes. Refer to Note 12 “Other Comprehensive Income (Loss)” for additional information on our derivative instruments.

- Definition

The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-Name Accounting Standards Codification
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-Name Accounting Standards Codification
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+ Details

Fair Value of Financial Instruments

9 Months Ended

Sep. 30, 2016

Fair Value Disclosures [Abstract]

Fair Value of Financial Instruments

Certain of our assets and liabilities are measured at fair value. ASC 820, Fair Value Measurements and Disclosures, defines fair value as the price that would be received to sell an asset or the price that would be paid to transfer a liability in an orderly transaction between market participants at the measurement date. ASC 820 establishes a fair value hierarchy for inputs used in measuring fair value and requires companies to maximize the use of observable inputs and minimize the use of unobservable inputs. The fair value hierarchy consists of three levels based on the objectivity of the inputs as follows:



Level 1 Inputs		Quoted prices in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date.

Level 2 Inputs		Quoted prices in active markets for similar assets or liabilities; quoted prices for identical or similar assets or liabilities in markets that are not active; inputs other than quoted prices that are observable for the asset or liability; or inputs that are derived principally from or corroborated by observable market data by correlation or other means.

Level 3 Inputs		Unobservable inputs for the asset or liability, and includes situations in which there is little, if any, market activity for the asset or liability.

The table below sets forth our fair value hierarchy for our financial assets and liabilities measured at fair value on a recurring basis as of September 30, 2016 and December 31, 2015.



	Level 1		Level 2		Level 3		Total
September 30, 2016
Assets:
Promissory note	$	—	$	—	$	2,324	$	2,324
Convertible debt investment	—		—		32,932		32,932
Total assets	$	—	$	—	$	35,256	$	35,256
Liabilities:
Interest rate swap	$	—	$	200	$	—	$	200
Contingent consideration for business acquisitions	—		—		11,311		11,311
Total liabilities	$	—	$	200	$	11,311	$	11,511
December 31, 2015
Assets:
Promissory note	$	—	$	—	$	2,309	$	2,309
Convertible debt investment	—		—		34,831		34,831
Total assets	$	—	$	—	$	37,140	$	37,140
Liabilities:
Interest rate swaps	$	—	$	156	$	—	$	156
Contingent consideration for business acquisition	—		—		2,063		2,063
Total liabilities	$	—	$	156	$	2,063	$	2,219

Promissory note: As part of the consideration received for the sale of our Accounting Advisory practice on December 30, 2011, the Company received a $3.5 million promissory note payable over four years. During the second quarter of 2014, we agreed to amend and restate the note such that principal payments will be paid to us annually based on the amount of excess cash flows earned each year by the maker of the note until the maturity date of December 31, 2018, at which time the remaining principal balance and any accrued interest is due. The fair value of the note is based on the net present value of the projected cash flows using a discount rate of 17%, which accounts for the risks associated with the note. The increase in the fair value of the note during the first nine months of 2016 reflects the accretion of interest income in excess of interest payments received, partially offset by updated cash flow assumptions. As of September 30, 2016, $0.5 million is recorded in prepaid expenses and other current assets and represents the present value of the payments expected to be received in the next 12 months, and the remaining $1.8 million is recorded in other non-current assets.

Interest rate swaps: The fair value of the interest rate swaps was derived using estimates to settle the interest rate swap agreements, which are based on the net present value of expected future cash flows on each leg of the swaps utilizing market-based inputs and discount rates reflecting the risks involved.

Convertible debt investment: In 2014 and 2015, we invested $27.9 million, in the form of zero coupon convertible debt, in Shorelight Holdings, LLC (“Shorelight”), the parent company of Shorelight Education, a U.S.-based company that partners with leading nonprofit universities to increase access to and retention of international students, boost institutional growth, and enhance an institution’s global footprint. The notes will mature on July 1, 2020, unless converted earlier.

To determine the appropriate accounting treatment for our investment, we performed a variable interest entity (“VIE”) analysis and concluded that Shorelight does not meet the definition of a VIE. We also reviewed the characteristics of our investment to confirm that the convertible notes are not in-substance common stock that would warrant equity method accounting. After we reviewed the terms of the investment, we concluded the appropriate accounting treatment to be that of an available-for-sale debt security in accordance with ASC 320, Investments – Debt and Equity Securities.

The investment is carried at fair value with unrealized holding gains and losses excluded from earnings and reported in other comprehensive income. We estimated the fair value of our investment using a Monte Carlo simulation model, cash flow projections discounted at a risk-adjusted rate, and certain assumptions related to equity volatility, default probability, and recovery rate, all of which are Level 3 inputs. The use of alternative estimates and assumptions could increase or decrease the estimated fair value of the investment, which would result in different impacts to our consolidated balance sheet and comprehensive income. Actual results may differ from our estimates. During the first nine months of 2016, we updated our discounted cash flow model to reflect current cash flow projections, resulting in an unrealized pretax loss of $1.9 million, which was recorded in other comprehensive income. The fair value of the convertible debt investment is recorded in long-term investment.

Contingent consideration for business acquisitions: We estimate the fair value of acquisition-related contingent consideration using either a probability-weighted discounted cash flow model or a Monte Carlo simulation model, as appropriate. These fair value measurements are based on significant inputs not observable in the market and thus represent Level 3 measurements. The significant unobservable inputs used in the fair value measurements of our contingent consideration are our measures of the estimated payouts based on internally generated financial projections on a probability-weighted basis and discount rates, which typically reflect a risk-free rate. The fair value of the contingent consideration is reassessed quarterly based on assumptions used in our latest projections and input provided by our practice leaders and management. Any change in the fair value estimate is recorded in the earnings of that period.

In the first and third quarters of 2016, we recorded initial contingent consideration liabilities of $6.5 million and $2.3 million, respectively, for acquisitions completed in those quarters. In addition, during the third quarter of 2016, we increased the fair value of our contingent consideration liabilities due to updated financial projections and the passage of time, resulting in a remeasurement loss of $0.5 million, which is recorded in other losses, net in statement of earnings. Refer to Note 5 “Acquisitions” for information on the acquisitions completed in the first nine months of 2016. At September 30, 2016, the current portion of the contingent consideration liabilities is recorded in accrued expenses and the long-term portion is recorded in deferred compensation and other liabilities.

Financial assets and liabilities not recorded at fair value are as follows:

Senior Secured Credit Facility

The carrying value of borrowings outstanding under our senior secured credit facility is stated at cost. Our carrying value approximates fair value, using Level 2 inputs, as the senior secured credit facility bears interest at variable rates based on market rates as set forth in the Amended Credit Agreement. Refer to Note 8 “Financing Arrangements.”

Convertible Notes

The carrying amount and estimated fair value of the Convertible Notes are as follows:



	September 30, 2016				December 31, 2015
	Carrying Amount		Estimated Fair Value		Carrying Amount		Estimated Fair Value
1.25% convertible senior notes due 2019	$	221,858	$	252,310	$	215,376	$	248,010

The differences between the $250.0 million principal amount of the Convertible Notes and the carrying amounts shown above represent the unamortized debt discount and issuance costs. As of September 30, 2016 and December 31, 2015, the carrying value of the equity component of $39.3 million was unchanged from the date of issuance. Refer to Note 8 “Financing Arrangements” for additional details on our Convertible Notes. The estimated fair value of the Convertible Notes was determined based on the quoted bid price of the Convertible Notes in an over-the-counter market, which is a Level 2 input, on the last day of trading for the quarters ended September 30, 2016 and December 31, 2015.

Based on the closing price of our common stock of $59.76 on September 30, 2016, the if-converted value of the Convertible Notes was less than the $250.0 million principal amount.

Cash and cash equivalents are stated at cost, which approximates fair market value. The carrying values of all other financial instruments not described above reasonably approximate fair market value due to the nature of the financial instruments and the short-term maturity of these items.

We hold our cash in accounts at multiple third-party financial institutions. These deposits, at times, may exceed federally insured limits. We review the credit ratings of these financial institutions, regularly monitor the cash balances in these accounts, and adjust the balances as appropriate. However, these cash balances could be impacted if the underlying financial institutions fail or are subject to other adverse conditions in the financial markets.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Other Comprehensive Income (Loss)

9 Months Ended

Sep. 30, 2016

Equity [Abstract]

Other Comprehensive Income (Loss)

The tables below set forth the components of other comprehensive income (loss), net of tax, for the three and nine months ended September 30, 2016 and 2015.



	Three Months Ended September 30, 2016									Three Months Ended September 30, 2015
	Before Taxes			Tax (Expense) Benefit			Net of Taxes			Before Taxes			Tax (Expense) Benefit			Net of Taxes
Other comprehensive income (loss):
Foreign currency translation adjustments	$	50		$	—		$	50		$	(613	)	$	(2	)	$	(615	)
Unrealized loss on investment	$	(3,329	)	$	1,291		$	(2,038	)	$	—		$	—		$	—
Unrealized gain (loss) on cash flow hedges:
Change in fair value	$	96		$	(35	)	$	61		$	(346	)	$	137		$	(209	)
Reclassification adjustments into earnings	101			(41		)	60			196			(78		)	118
Net unrealized gain (loss)	$	197		$	(76	)	$	121		$	(150	)	$	59		$	(91	)
Other comprehensive income (loss)	$	(3,082	)	$	1,215		$	(1,867	)	$	(763	)	$	57		$	(706	)



	Nine Months Ended September 30, 2016									Nine Months Ended September 30, 2015
	Before Taxes			Tax (Expense) Benefit			Net of Taxes			Before Taxes			Tax (Expense) Benefit			Net of Taxes
Other comprehensive income (loss):
Foreign currency translation adjustments	$	52		$	—		$	52		$	(228	)	$	27		$	(201	)
Unrealized gain (loss) on investment	$	(1,899	)	$	736		$	(1,163	)	$	6,661		$	(2,526	)	$	4,135
Unrealized gain (loss) on cash flow hedges:
Change in fair value	$	(367	)	$	146		$	(221	)	$	(1,036	)	$	412		$	(624	)
Reclassification adjustments into earnings	323			(129		)	194			619			(247		)	372
Net unrealized loss	$	(44	)	$	17		$	(27	)	$	(417	)	$	165		$	(252	)
Other comprehensive income (loss)	$	(1,891	)	$	753		$	(1,138	)	$	6,016		$	(2,334	)	$	3,682

The before tax amounts reclassified from accumulated other comprehensive income related to our cash flow hedges are recorded to interest expense, net of interest income.

Accumulated other comprehensive income, net of tax, includes the following components:



	Foreign Currency Translation Adjustments			Net Unrealized Gain on Investment			Net Unrealized Loss on Derivatives			Accumulated Other Comprehensive Income
Balance, December 31, 2015	$	(517	)	$	4,185		$	(83	)	$	3,585
Current period change	52			(1,163		)	(27		)	(1,138		)
Balance, September 30, 2016	$	(465	)	$	3,022		$	(110	)	$	2,447

- Definition

The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
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+ Details

Income Taxes	9 Months Ended
Income Taxes	Sep. 30, 2016
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company’s effective tax rates for the three months ended September 30, 2016 and 2015 were 37.2% and 40.6%, respectively. The Company's effective tax rates for the nine months ended September 30, 2016 and 2015 were 35.6% and 42.4%, respectively. The effective tax rate for the three months ended September 30, 2016 was lower than the statutory rate, inclusive of state income taxes, primarily due to non-taxable income, valuation allowance reductions, and certain credits and deductions, partially offset by non-deductible business expenses. The effective tax rate for the nine months ended September 30, 2016 was lower than the statutory rate, inclusive of state income taxes, primarily due to the year-to-date impact of a discrete favorable adjustment to our state tax rate in the second quarter of 2016, non-taxable income, valuation allowance reductions, certain credits and deductions, and a discrete tax benefit related to share-based compensation, partially offset by non-deductible business expenses. The effective tax rate for the three months ended September 30, 2015 was higher than the statutory tax rate, inclusive of state income taxes, primarily due to non-deductible business expenses and foreign losses with no tax benefit, partially offset by certain credits and deductions. The effective tax rate for the nine months ended September 30, 2015 was higher than the statutory rate, inclusive of state income taxes, primarily due to non-deductible expenses, foreign losses with no tax benefit, and an increase in our valuation allowance. As of September 30, 2016, we had $2.4 million in unrecognized tax benefits related to positions taken on our tax returns for discontinued operations. While such tax returns remain subject to audit by tax authorities, it is reasonably possible that unrecognized tax benefits may decrease by $2.4 million over the next 12 months due to the expiration of statute of limitations. Refer to Note 4 "Discontinued Operations" for additional information on our discontinued operations.

Commitments, Contingencies and Guarantees	9 Months Ended
Commitments, Contingencies and Guarantees	Sep. 30, 2016
Commitments and Contingencies Disclosure [Abstract]
Commitments, Contingencies and Guarantees	Commitments, Contingencies and Guarantees Litigation From time to time, we are involved in legal proceedings and litigation arising in the ordinary course of business. As of the date of this Quarterly Report on Form 10-Q, we are not a party to any litigation or legal proceeding that, in the current opinion of management, could have a material adverse effect on our financial position or results of operations. However, due to the risks and uncertainties inherent in legal proceedings, actual results could differ from current expected results. Guarantees and Indemnification Guarantees in the form of letters of credit totaling $4.7 million and $4.8 million were outstanding at September 30, 2016 and December 31, 2015, respectively, primarily to support certain office lease obligations. In connection with certain business acquisitions, we may be required to pay post-closing consideration to the sellers of those businesses if specific financial performance targets are met over a number of years as specified in the related purchase agreements. As of September 30, 2016 and December 31, 2015, the total estimated fair value of our contingent consideration liabilities was $11.3 million and $2.1 million, respectively. To the extent permitted by law, our bylaws and articles of incorporation require that we indemnify our officers and directors against judgments, fines, and amounts paid in settlement, including attorneys’ fees, incurred in connection with civil or criminal action or proceedings, as it relates to their services to us if such person acted in good faith. Although there is no limit on the amount of indemnification, we may have recourse against our insurance carrier for certain payments made.

Segment Information

9 Months Ended

Sep. 30, 2016

Segment Reporting [Abstract]

Segment Information

Segments are defined by ASC 280, Segment Reporting, as components of a company that engage in business activities from which they may earn revenues and incur expenses, and for which separate financial information is available and is evaluated regularly by the chief operating decision maker, or decision-making group, in deciding how to allocate resources and in assessing performance. Our chief operating decision maker manages the business under four operating segments, which are our reportable segments: Huron Healthcare, Huron Education and Life Sciences, Huron Business Advisory, and All Other.

•Huron Healthcare

Our Huron Healthcare segment provides strategic advisory, consulting, and technology solutions to national and regional hospitals and integrated health systems, academic medical centers, community hospitals, and physician practices. We deliver solutions to address challenges in the rapidly evolving healthcare environment to improve quality and patient outcomes, increase revenue, reduce expenses, and enhance physician, patient, and employee satisfaction across the healthcare enterprise. By partnering with healthcare organizations, we design solutions that teach providers how to achieve cultural transformation and deliver and sustain improvement in clinical outcomes and financial results. Our people provide a depth of expertise across the healthcare industry, and our culture of collaboration extends to our client engagements, enabling teams to effectively implement successful client projects.

•Huron Education and Life Sciences

Our Huron Education and Life Sciences segment provides management consulting services and technology solutions to the higher education, academic medical center, pharmaceutical and medical device, and research industries. We work with our clients to develop and implement strategic priorities, performance improvement, technology, and research enterprise solutions to help them address challenges relating to financial management, strategy, operational and organizational effectiveness, research administration, and regulatory compliance.

•Huron Business Advisory

Our Huron Business Advisory segment provides services to the C-suite of middle market and large organizations, lending institutions, law firms, investment banks, and private equity firms. We assist clients in a broad range of industries and across the spectrum from healthy, well-capitalized companies to organizations in transition, and to creditors, owners, and other key constituents. Our Business Advisory practice resolves complex business issues and enhances client enterprise value through a suite of services including capital advisory, transaction advisory, operational improvement, restructuring and turnaround, valuation, and dispute advisory. Our Enterprise Performance Management and Analytics practice delivers solutions that enable organizations to manage and optimize their financial performance, operational efficiency, and client experience. With expertise in full-service enterprise performance management (EPM), business analytics, customer relationship management (CRM), and big data professional services, Huron's global presence and remote delivery capabilities help clients drive results and gain a competitive advantage.


•	All Other

Our All Other segment consists of any line of business not managed by our other operating segments. These businesses included our public sector consulting practice and our foreign consulting operations based in the Middle East, both of which we wound down in 2015.

Segment operating income consists of the revenues generated by a segment, less the direct costs of revenue and selling, general and administrative costs that are incurred directly by the segment. Unallocated corporate costs include costs related to administrative functions that are performed in a centralized manner that are not attributable to a particular segment. These administrative function costs include costs for corporate office support, certain office facility costs, costs relating to accounting and finance, human resources, legal, marketing, information technology, and Company-wide business development functions, as well as costs related to overall corporate management.

The table below sets forth information about our operating segments for the three and nine months ended September 30, 2016 and 2015, along with the items necessary to reconcile the segment information to the totals reported in the accompanying consolidated financial statements. Refer to Note 4 "Discontinued Operations" for information on the divestiture of the Huron Legal segment in 2015.



	Three Months Ended September 30,						Nine Months Ended September 30,
	2016			2015			2016			2015
Huron Healthcare:
Revenues	$	103,425		$	112,114		$	323,531		$	328,624
Operating income	$	38,824		$	47,609		$	119,229		$	122,120
Segment operating income as a percentage of segment revenues	37.5		%	42.5		%	36.9		%	37.2		%
Huron Education and Life Sciences:
Revenues	$	45,696		$	42,056		$	134,050		$	124,892
Operating income	$	12,124		$	10,473		$	35,407		$	35,427
Segment operating income as a percentage of segment revenues	26.5		%	24.9		%	26.4		%	28.4		%
Huron Business Advisory:
Revenues	$	34,279		$	21,249		$	90,567		$	59,173
Operating income	$	7,380		$	5,231		$	19,342		$	13,514
Segment operating income as a percentage of segment revenues	21.5		%	24.6		%	21.4		%	22.8		%
All Other:
Revenues	$	—		$	46		$	—		$	1,221
Operating loss	$	—		$	(132	)	$	—		$	(1,654	)
Segment operating loss as a percentage of segment revenues	N/M			N/M			N/M			N/M
Total Company:
Revenues	$	183,400		$	175,465		$	548,148		$	513,910
Reimbursable expenses	19,093			16,091			54,636			53,266
Total revenues and reimbursable expenses	$	202,493		$	191,556		$	602,784		$	567,176
Statements of Earnings reconciliation:
Segment operating income	$	58,328		$	63,181		$	173,978		$	169,407
Items not allocated at the segment level:
Other operating expenses and losses, net	26,996			26,587			85,089			84,332
Depreciation and amortization expense	8,092			6,538			23,064			18,286
Other expense, net	3,687			6,038			11,034			15,776
Income from continuing operations before income tax expense	$	19,553		$	24,018		$	54,791		$	51,013

N/M – Not Meaningful

At September 30, 2016 and December 31, 2015, no single client accounted for greater than 10% of our combined receivables and unbilled services balances. During the three and nine months ended September 30, 2016 and 2015, no single client generated greater than 10% of our consolidated revenues.

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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+ Details

Basis of Presentation (Policies)

9 Months Ended

Sep. 30, 2016

Accounting Policies [Abstract]

Basis of Presentation

The accompanying unaudited consolidated financial statements reflect the financial position, results of operations, and cash flows as of and for the three and nine months ended September 30, 2016 and 2015. These financial statements have been prepared in accordance with the rules and regulations of the U.S. Securities and Exchange Commission (“SEC”) for Quarterly Reports on Form 10-Q. Accordingly, these financial statements do not include all of the information and note disclosures required by accounting principles generally accepted in the United States of America (“GAAP”) for annual financial statements. In the opinion of management, these financial statements reflect all adjustments of a normal, recurring nature necessary for the fair statement of our financial position, results of operations, and cash flows for the interim periods presented in conformity with GAAP. These financial statements should be read in conjunction with our consolidated financial statements and notes thereto for the year ended December 31, 2015 included in our Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q for the periods ended March 31, 2016 and June 30, 2016.

New Accounting Pronouncements, Policy

In March 2016, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2016-09, Improvements to Employee Share-Based Payment Accounting. ASU 2016-09 simplifies several aspects related to the accounting for share-based payment transactions, including the accounting for income taxes, classification of excess tax benefits on the statement of cash flows, and forfeitures. The updated guidance is effective for us beginning January 1, 2017, at which time we will begin recognizing excess tax benefits and deficiencies as income tax expense or benefit in our consolidated statement of earnings on a prospective basis. Prior to adoption of this ASU, excess tax benefits and deficiencies are recognized in additional paid-in capital on our consolidated balance sheet. Additionally, upon adoption, we will classify excess tax benefits as an operating activity, as opposed to a financing activity, on the statement of cash flows on a retrospective basis. Upon adoption, we will elect to account for share-based award forfeitures as they occur and apply this accounting change on a modified retrospective basis as a cumulative-effect adjustment to retained earnings, which we do not expect to have a material impact on our consolidated financial statements.

In March 2016, the FASB issued ASU 2016-06, Derivatives and Hedging: Contingent Put and Call Options in Debt Instruments. ASU 2016-06 clarifies that in assessing whether an embedded contingent put or call option is clearly and closely related to the debt host, an entity is required to perform only the four-step decision sequence in ASC 815-15-25-42 (as amended by the ASU). The entity does not have to separately assess whether the event that triggers its ability to exercise the contingent option is itself indexed only to interest rates or credit risk. The updated guidance is effective for us beginning January 1, 2017. We do not expect the adoption of this guidance to have any impact on our consolidated financial statements.

In March 2016, the FASB issued ASU 2016-02, Leases, which supersedes ASC Topic 840, Leases, and sets the principles for the recognition, measurement, presentation, and disclosure of leases for both lessees and lessors. ASU 2016-02 requires lessees to classify leases as either finance or operating leases and to record on the balance sheet a right-of-use asset and a lease liability, equal to the present value of the remaining lease payments, for all leases with a term greater than 12 months regardless of the lease classification. The lease classification will determine whether the lease expense is recognized based on an effective interest rate method or on a straight-line basis over the term of the lease. ASU 2016-02 will be effective for us beginning January 1, 2019, with early adoption permitted. Entities are required to use a modified retrospective transition method for existing leases. We are currently evaluating the potential impact this guidance will have on our consolidated financial statements.

In January 2016, the FASB issued ASU 2016-01, Financial Instruments - Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities. The amendments to the guidance enhance the reporting model for financial instruments, which includes amendments to address aspects of recognition, measurement, presentation, and disclosure. The updated guidance is effective for us beginning January 1, 2018. We are currently evaluating the potential impact this guidance will have on our consolidated financial statements.

In April 2015, the FASB issued ASU 2015-05, Intangibles-Goodwill and Other-Internal-Use Software (Subtopic 350-40): Customer's Accounting for Fees Paid in a Cloud Computing Arrangement. The amendments in ASU 2015-05 provide guidance to customers about whether a cloud computing arrangement includes a software license. If a cloud computing arrangement includes a software license, the customer should account for the software license element of the arrangement consistent with other software licenses. If a cloud computing arrangement does not include a software license, the customer should account for the arrangement as a service contract. We adopted these amendments in the first quarter of 2016 on a prospective basis. The adoption of these amendments did not have any impact on our consolidated financial statements.

In April 2015, the FASB issued ASU 2015-03, Simplifying the Presentation of Debt Issuance Costs. The amendments to the guidance require the presentation of debt issuance costs on the balance sheet as a deduction from the carrying amount of the related debt liability, consistent with debt discounts. In August 2015, the FASB issued ASU 2015-15, Presentation and Subsequent Measurement of Debt Issuance Costs Associated with Line-of-Credit Arrangements: Amendments to SEC Paragraphs Pursuant to Staff Announcement at June 18, 2015 EITF Meeting, which clarifies the treatment of debt issuance costs from line-of-credit arrangements after the adoption of ASU 2015-03. ASU 2015-15 clarifies that the SEC staff would not object to an entity deferring and presenting debt issuance costs related to a line-of-credit arrangement as an asset and subsequently amortizing the deferred debt issuance costs ratably over the term of such arrangement, regardless of whether there are any outstanding borrowings on the line-of-credit arrangement. We adopted these amendments in the first quarter of 2016 on a retrospective basis. As a result, we reclassified debt issuance costs related to our convertible notes of $1.2 million included in prepaid expenses and other current assets and $3.4 million included in other non-current assets to long-term debt on our previously reported consolidated balance sheet as of December 31, 2015. See Note 8 "Financing Arrangements" for information on our convertible notes.

In February 2015, the FASB issued ASU 2015-02, Amendments to the Consolidation Analysis, which amends the consolidation requirements in ASC 810, Consolidation. ASU 2015-02 requires management to reevaluate all legal entities under a revised consolidation model, specifically (i) modify the evaluation of whether limited partnership and similar legal entities are variable interest entities (VIEs) or voting interest entities, (ii) eliminate the presumption that a general partner should consolidate a limited partnership, (iii) affect the consolidation analysis of reporting entities that are involved with VIEs, particularly those that have fee arrangements and related party relationships, and (iv) provide a scope exception from consolidation guidance for reporting entities with interests in legal entities that are required to comply with or operate in accordance with requirements that are similar to those in Rule 2a-7 of the Investment Act of 1940 for registered money market funds. We adopted these amendments in the first quarter of 2016. The adoption of these amendments did not have any impact on our consolidated financial statements.

In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers, as a new Topic, ASC 606. The new revenue recognition standard provides a five-step analysis of transactions to determine when and how revenue is recognized. The core principle is that a company should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. In accordance with the new standard, we will adopt ASU 2014-09 on January 1, 2018. The new guidance may be applied retrospectively to each period presented or as a cumulative-effect adjustment as of the date of adoption. We are currently evaluating the potential impact this guidance will have on our consolidated financial statements, as well as the transition methods.

Discontinued Operations

The divestiture of the Huron Legal segment represented a strategic shift that had a major effect on our operations and financial results as contemplated under ASC 205-20, Presentation of Financial Statements - Discontinued Operations. As such, the operations of our Huron Legal segment have been classified as discontinued operations in our consolidated statements of earnings for all periods presented.

Accounting For Convertible Senior Notes

Derivatives and Hedging

Fair Value Measurements and Disclosures

ASC 820, Fair Value Measurements and Disclosures, defines fair value as the price that would be received to sell an asset or the price that would be paid to transfer a liability in an orderly transaction between market participants at the measurement date. ASC 820 establishes a fair value hierarchy for inputs used in measuring fair value and requires companies to maximize the use of observable inputs and minimize the use of unobservable inputs. The fair value hierarchy consists of three levels based on the objectivity of the inputs as follows:



Level 1 Inputs		Quoted prices in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date.

Level 2 Inputs		Quoted prices in active markets for similar assets or liabilities; quoted prices for identical or similar assets or liabilities in markets that are not active; inputs other than quoted prices that are observable for the asset or liability; or inputs that are derived principally from or corroborated by observable market data by correlation or other means.

Level 3 Inputs		Unobservable inputs for the asset or liability, and includes situations in which there is little, if any, market activity for the asset or liability.

Segment Reporting

Discontinued Operations Discontinued Operations (Tables)

9 Months Ended

Sep. 30, 2016

Discontinued Operations and Disposal Groups [Abstract]

Schedules for discontinued operations

The table below summarizes the operating results of Huron Legal for the three and nine months ended September 30, 2015.



	Three Months Ended September 30, 2015			Nine Months Ended September 30, 2015
Revenues and reimbursable expenses:
Revenues	$	34,416		$	107,468
Reimbursable expenses	1,265			2,634
Total revenues and reimbursable expenses	35,681			110,102
Direct costs and reimbursable expenses (exclusive of depreciation and amortization shown in operating expenses):
Direct costs	20,766			68,630
Amortization of intangible assets	58			175
Reimbursable expenses	1,266			2,632
Total direct costs and reimbursable expenses	22,090			71,437
Operating expenses:
Selling, general and administrative expenses	4,383			15,371
Restructuring charges	(17		)	913
Depreciation and amortization	2,456			7,485
Total operating expenses	6,822			23,769
Operating income	6,769			14,896
Other income, net	17			37
Income from discontinued operations before income tax expense	6,786			14,933
Income tax expense	1,689			4,617
Income from discontinued operations, net of tax	$	5,097		$	10,316

The table below summarizes the amounts reflected in our consolidated statements of cash flows that relate to the discontinued operation for the nine months ended September 30, 2015.



	Nine Months Ended September 30, 2015
Depreciation and amortization	$	7,660
Share-based compensation	$	618
Purchases of property and equipment	$	5,117
Significant non-cash investing items of discontinued operations:
Contingent consideration related to business acquisitions	$	900

- Definition

Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 45
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=65878427&loc=SL51721533-107759

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
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-URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721665-107760

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
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Reference 4: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=64827811&loc=d3e1361-107760

Reference 5: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721683-107760

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=64862545&loc=SL51724579-110230

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
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-Section 50
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-URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721675-107760

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
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-Section 50
-Paragraph 4A
-URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721663-107760

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
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-URI http://asc.fasb.org/extlink&oid=64862545&loc=d3e2941-110230

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
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-URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721673-107760

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 12: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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-Name Accounting Standards Codification
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+ Details

Acquisitions (Tables)

9 Months Ended

Sep. 30, 2016

Business Combinations [Abstract]

Summary of Fair Value of Consideration Transferred

The acquisition date fair value of the consideration transferred for Studer Group was $325.2 million, which consisted of the following:



Fair value of consideration transferred
Cash	$	323,237
Common stock	2,204
Net working capital adjustment	(255		)
Total consideration transferred	$	325,186

Allocation of the Purchase Price to the Fair Value of Assets Acquired and Liabilities Assumed

The following table summarizes the allocation of the purchase price to the fair value of assets acquired and liabilities assumed as of the acquisition date.



	Amount
Assets acquired:
Accounts receivable	$	14,906
Prepaid expenses and other current assets	1,385
Deferred income tax asset	4,335
Property and equipment	4,509
Intangible assets	97,500
Liabilities assumed:
Accounts payable	760
Accrued expenses and other current liabilities	2,868
Accrued payroll and related benefits	1,574
Deferred revenues	2,449
Deferred income tax liability	21,263
Other non-current liabilities	1,211
Total identifiable net assets	92,510
Goodwill	232,676
Total purchase price	$	325,186

Schedule of Components of Identifiable Intangible Assets Acquired and their Estimated Useful Lives

The following table sets forth the components of identifiable intangible assets acquired and their estimated useful lives as of the acquisition date.



	Fair Value		Useful Life in Years
Customer relationships	$	42,400	9
Customer contracts	25,100		4
Trade name	22,800		5
Technology and software	3,900		3
Publishing content	3,300		3
Total intangible assets subject to amortization	$	97,500

Summary of Supplemental Pro Forma Consolidated Results of Operations



	Three Months Ended September 30, 2015		Nine Months Ended September 30, 2015
Revenues	$	175,465	$	524,732
Net income from continuing operations	$	14,507	$	30,699
Net income from continuing operations per share - basic	$	0.66	$	1.39
Net income from continuing operations per share - diluted	$	0.64	$	1.36

Goodwill and Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

Changes in Carrying Amount of Goodwill

The table below sets forth the changes in the carrying amount of goodwill by reportable segment for the nine months ended September 30, 2016.



	Huron Healthcare		Huron Education and Life Sciences		Huron Business Advisory			Total
Balance as of December 31, 2015:
Goodwill	$	610,264	$	102,906	$	181,213		$	894,383
Accumulated impairment	—		—		(142,983		)	(142,983		)
Goodwill, net as of December 31, 2015	610,264		102,906		38,230			751,400
Goodwill recorded in connection with business acquisitions	26,522		—		21,824			48,346
Foreign currency translation	—		—		212			212
Goodwill, net as of September 30, 2016	$	636,786	$	102,906	$	60,266		$	799,958

Intangible Assets

Intangible assets as of September 30, 2016 and December 31, 2015 consisted of the following:



		September 30, 2016				December 31, 2015
	Useful Life in Years	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Customer relationships	4 to 13	$	89,282	$	31,346	$	79,449	$	22,360
Customer contracts	1 to 4	27,497		19,541		25,332		11,943
Trade names	5	22,930		10,087		22,800		5,396
Technology and software	3 to 5	9,250		2,536		4,180		1,324
Non-competition agreements	1 to 5	3,685		1,498		3,415		1,498
Publishing content	3	3,300		1,788		3,300		963
Favorable lease contract	3	720		148		—		—
In-process technology	Indefinite	370		—		—		—
Total		$	157,034	$	66,944	$	138,476	$	43,484

Schedule of Future Amortization Expense

The table below sets forth the estimated annual amortization expense for the year ending December 31, 2016 and each of the five succeeding years for the definite-lived intangible assets recorded as of September 30, 2016.



Year Ending December 31,	Estimated Amount
2016	$	33,122
2017	$	30,201
2018	$	19,193
2019	$	12,626
2020	$	7,978
2021	$	4,540

Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2016

Earnings Per Share [Abstract]

Reconciliation of Basic and Diluted Earnings Per Share

Earnings per share under the basic and diluted computations are as follows:



	Three Months Ended September 30,				Nine Months Ended September 30,
	2016		2015		2016			2015
Net income from continuing operations	$	12,288	$	14,277	$	35,293		$	29,393
Income (loss) from discontinued operations, net of tax	4		5,097		(1,830		)	10,316
Net income	$	12,292	$	19,374	$	33,463		$	39,709

Weighted average common shares outstanding – basic	21,076		22,107		21,084			22,151
Weighted average common stock equivalents	369		485		343			465
Weighted average common shares outstanding – diluted	21,445		22,592		21,427			22,616

Net earnings per basic share:
Net income from continuing operations	$	0.58	$	0.65	$	1.67		$	1.33
Income (loss) from discontinued operations, net of tax	—		0.23		(0.08		)	0.46
Net income	$	0.58	$	0.88	$	1.59		$	1.79

Net earnings per diluted share:
Net income from continuing operations	$	0.57	$	0.63	$	1.65		$	1.30
Income (loss) from discontinued operations, net of tax	—		0.23		(0.09		)	0.46
Net income	$	0.57	$	0.86	$	1.56		$	1.76

Summary of Anti-dilutive Securities Excluded from Computation of Weighted Average Common Stock Equivalents

The number of anti-dilutive securities excluded from the computation of the weighted average common stock equivalents presented above is shown in the following table.



	As of September 30,
	2016	2015
Unvested restricted stock awards	5	—
Convertible senior notes	3,129	3,129
Warrants related to the issuance of convertible senior notes	3,129	3,129
Total anti-dilutive securities	6,263	6,258

Financing Arrangements (Tables)

9 Months Ended

Sep. 30, 2016

Debt Disclosure [Abstract]

Summary of Carrying Amounts of Debt

A summary of the carrying amounts of our debt is as follows:



	September 30, 2016		December 31, 2015
1.25% convertible senior notes due 2019	$	221,858	$	215,376
Senior secured credit facility	104,000		92,000
Total long-term debt	$	325,858	$	307,376

Schedule of Maturities of Long-term Debt

A summary of the scheduled maturities of our debt follows:



	Scheduled Maturities of Long-Term Debt
2019	$	250,000
2020	$	104,000

Schedule of Convertible Notes

As of September 30, 2016 and December 31, 2015, the Convertible Notes consisted of the following:



	September 30, 2016			December 31, 2015
Liability component:
Proceeds	$	250,000		$	250,000
Less: debt discount, net of amortization	(24,425		)	(30,007		)
Less: debt issuance costs, net of amortization	(3,717		)	(4,617		)
Net carrying amount	$	221,858		$	215,376
Equity component⁽¹⁾	$	39,287		$	39,287


(1)	Included in Additional paid-in capital on the consolidated balance sheet.

Summary of Interest Expense Recognized

The following table presents the amount of interest expense recognized related to the Convertible Notes for the periods presented.



	Three Months Ended September 30,				Nine Months Ended September 30,
	2016		2015		2016		2015
Contractual interest coupon	$	781	$	781	$	2,344	$	2,344
Amortization of debt discount	1,883		1,795		5,582		5,324
Amortization of debt issuance costs	302		295		900		883
Total interest expense	$	2,966	$	2,871	$	8,826	$	8,551

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
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-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
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-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6479336&loc=d3e64711-112823

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(e),(f))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 55
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=64930739&loc=d3e28878-108400

Reference 6: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
-Topic 505
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-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21538-112644

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
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-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644

Reference 8: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
-Topic 835
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-URI http://asc.fasb.org/extlink&oid=64930785&loc=d3e28541-108399

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
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-URI http://asc.fasb.org/extlink&oid=64930785&loc=d3e28551-108399

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21521-112644

+ Details

Restructuring Charges Restructuring Liability Rollforward (Tables)

9 Months Ended

Sep. 30, 2016

Restructuring and Related Activities [Abstract]

Schedule of Restructuring Reserve by Type of Cost

The table below sets forth the changes in the carrying amount of our restructuring charge liability by restructuring type for the nine months ended September 30, 2016.



	Employee Costs			Office Space Reductions			Other			Total
Balance as of December 31, 2015	$	2,323		$	6,379		$	—		$	8,702
Additions ⁽¹⁾	3,876			144			473			4,493
Payments	(5,166		)	(1,947		)	(258		)	(7,371		)
Adjustments⁽¹⁾	(242		)	1,376			(8		)	1,126
Non-cash items	—			(4		)	(149		)	(153		)
Balance as of September 30, 2016 ⁽²⁾	$	791		$	5,948		$	58		$	6,797


(1)	Additions and adjustments for the nine months ended September 30, 2016 include a total of $1.6 million related to discontinued operations. Refer to Note 4 "Discontinued Operations" for additional information.


(2)	The total restructuring charge liability as of September 30, 2016 includes $5.0 million related to discontinued operations. Refer to Note 4 "Discontinued Operations" for additional information on our discontinued operations.

Derivative Instruments and Hedging Activity (Tables)

9 Months Ended

Sep. 30, 2016

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Fair Value Interest Rate Swaps Designated as Cash Flow Hedging Instruments

The table below sets forth additional information relating to these interest rate swaps designated as cash flow hedging instruments as of September 30, 2016 and December 31, 2015.



	Fair Value (Derivative Asset and Liability)
Balance Sheet Location	September 30, 2016		December 31, 2015
Other non-current assets	$	—	$	86
Accrued expenses	$	200	$	242

Fair Value of Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2016

Fair Value Disclosures [Abstract]

Financial Assets and Liabilities Measured at Fair Value on Recurring Basis

The table below sets forth our fair value hierarchy for our financial assets and liabilities measured at fair value on a recurring basis as of September 30, 2016 and December 31, 2015.



	Level 1		Level 2		Level 3		Total
September 30, 2016
Assets:
Promissory note	$	—	$	—	$	2,324	$	2,324
Convertible debt investment	—		—		32,932		32,932
Total assets	$	—	$	—	$	35,256	$	35,256
Liabilities:
Interest rate swap	$	—	$	200	$	—	$	200
Contingent consideration for business acquisitions	—		—		11,311		11,311
Total liabilities	$	—	$	200	$	11,311	$	11,511
December 31, 2015
Assets:
Promissory note	$	—	$	—	$	2,309	$	2,309
Convertible debt investment	—		—		34,831		34,831
Total assets	$	—	$	—	$	37,140	$	37,140
Liabilities:
Interest rate swaps	$	—	$	156	$	—	$	156
Contingent consideration for business acquisition	—		—		2,063		2,063
Total liabilities	$	—	$	156	$	2,063	$	2,219

Summary of Carrying Amount and Estimated Fair Value of Convertible Senior Notes

The carrying amount and estimated fair value of the Convertible Notes are as follows:



	September 30, 2016				December 31, 2015
	Carrying Amount		Estimated Fair Value		Carrying Amount		Estimated Fair Value
1.25% convertible senior notes due 2019	$	221,858	$	252,310	$	215,376	$	248,010

Other Comprehensive Income (Loss) (Tables)

9 Months Ended

Sep. 30, 2016

Equity [Abstract]

Components of Other Comprehensive Income (Loss), Net of Tax

The tables below set forth the components of other comprehensive income (loss), net of tax, for the three and nine months ended September 30, 2016 and 2015.



	Three Months Ended September 30, 2016									Three Months Ended September 30, 2015
	Before Taxes			Tax (Expense) Benefit			Net of Taxes			Before Taxes			Tax (Expense) Benefit			Net of Taxes
Other comprehensive income (loss):
Foreign currency translation adjustments	$	50		$	—		$	50		$	(613	)	$	(2	)	$	(615	)
Unrealized loss on investment	$	(3,329	)	$	1,291		$	(2,038	)	$	—		$	—		$	—
Unrealized gain (loss) on cash flow hedges:
Change in fair value	$	96		$	(35	)	$	61		$	(346	)	$	137		$	(209	)
Reclassification adjustments into earnings	101			(41		)	60			196			(78		)	118
Net unrealized gain (loss)	$	197		$	(76	)	$	121		$	(150	)	$	59		$	(91	)
Other comprehensive income (loss)	$	(3,082	)	$	1,215		$	(1,867	)	$	(763	)	$	57		$	(706	)



	Nine Months Ended September 30, 2016									Nine Months Ended September 30, 2015
	Before Taxes			Tax (Expense) Benefit			Net of Taxes			Before Taxes			Tax (Expense) Benefit			Net of Taxes
Other comprehensive income (loss):
Foreign currency translation adjustments	$	52		$	—		$	52		$	(228	)	$	27		$	(201	)
Unrealized gain (loss) on investment	$	(1,899	)	$	736		$	(1,163	)	$	6,661		$	(2,526	)	$	4,135
Unrealized gain (loss) on cash flow hedges:
Change in fair value	$	(367	)	$	146		$	(221	)	$	(1,036	)	$	412		$	(624	)
Reclassification adjustments into earnings	323			(129		)	194			619			(247		)	372
Net unrealized loss	$	(44	)	$	17		$	(27	)	$	(417	)	$	165		$	(252	)
Other comprehensive income (loss)	$	(1,891	)	$	753		$	(1,138	)	$	6,016		$	(2,334	)	$	3,682

Components of Accumulated Other Comprehensive Income (Loss), Net of Tax

Accumulated other comprehensive income, net of tax, includes the following components:



	Foreign Currency Translation Adjustments			Net Unrealized Gain on Investment			Net Unrealized Loss on Derivatives			Accumulated Other Comprehensive Income
Balance, December 31, 2015	$	(517	)	$	4,185		$	(83	)	$	3,585
Current period change	52			(1,163		)	(27		)	(1,138		)
Balance, September 30, 2016	$	(465	)	$	3,022		$	(110	)	$	2,447

Segment Information (Tables)

9 Months Ended

Sep. 30, 2016

Segment Reporting [Abstract]

Components of Segment Information



	Three Months Ended September 30,						Nine Months Ended September 30,
	2016			2015			2016			2015
Huron Healthcare:
Revenues	$	103,425		$	112,114		$	323,531		$	328,624
Operating income	$	38,824		$	47,609		$	119,229		$	122,120
Segment operating income as a percentage of segment revenues	37.5		%	42.5		%	36.9		%	37.2		%
Huron Education and Life Sciences:
Revenues	$	45,696		$	42,056		$	134,050		$	124,892
Operating income	$	12,124		$	10,473		$	35,407		$	35,427
Segment operating income as a percentage of segment revenues	26.5		%	24.9		%	26.4		%	28.4		%
Huron Business Advisory:
Revenues	$	34,279		$	21,249		$	90,567		$	59,173
Operating income	$	7,380		$	5,231		$	19,342		$	13,514
Segment operating income as a percentage of segment revenues	21.5		%	24.6		%	21.4		%	22.8		%
All Other:
Revenues	$	—		$	46		$	—		$	1,221
Operating loss	$	—		$	(132	)	$	—		$	(1,654	)
Segment operating loss as a percentage of segment revenues	N/M			N/M			N/M			N/M
Total Company:
Revenues	$	183,400		$	175,465		$	548,148		$	513,910
Reimbursable expenses	19,093			16,091			54,636			53,266
Total revenues and reimbursable expenses	$	202,493		$	191,556		$	602,784		$	567,176
Statements of Earnings reconciliation:
Segment operating income	$	58,328		$	63,181		$	173,978		$	169,407
Items not allocated at the segment level:
Other operating expenses and losses, net	26,996			26,587			85,089			84,332
Depreciation and amortization expense	8,092			6,538			23,064			18,286
Other expense, net	3,687			6,038			11,034			15,776
Income from continuing operations before income tax expense	$	19,553		$	24,018		$	54,791		$	51,013

N/M – Not Meaningful

New Accounting Pronouncements New Accounting Pronouncements (Details) $ in Millions	Dec. 31, 2015 USD ($)
Prepaid Expenses and Other Current Assets [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Debt Issuance Costs, Net	$ 1.2
Other non-current assets
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Debt Issuance Costs, Net	$ 3.4

Discontinued Operations Discontinued Operations Income Statement (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Revenues and reimbursable expenses:
Sales Revenue, Services, Net	$ 183,400	$ 175,465	$ 548,148	$ 513,910
Reimbursable expenses	19,093	16,091	54,636	53,266
Direct costs and reimbursable expenses (exclusive of depreciation and amortization shown in operating expenses):
Direct costs	108,354	94,821	323,310	297,448
Amortization of intangible assets and software development costs	4,052	4,738	11,278	12,102
Reimbursable expenses	18,956	15,837	54,747	53,194
Cost of Revenue	131,362	115,396	389,335	362,744
Operating expenses and other losses, net:
Restructuring charges	1,049	320	4,129	1,577
Depreciation and amortization	8,092	6,538	23,064	18,286
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent	$ 4	5,097	(1,830)	10,316
Discontinued Operations [Member] \| Huron Legal
Revenues and reimbursable expenses:
Sales Revenue, Services, Net		34,416		107,468
Reimbursable expenses		1,265		2,634
Disposal Group, Including Discontinued Operation, Revenue		35,681		110,102
Direct costs and reimbursable expenses (exclusive of depreciation and amortization shown in operating expenses):
Direct costs		20,766		68,630
Amortization of intangible assets and software development costs		58		175
Reimbursable expenses		1,266		2,632
Cost of Revenue		22,090		71,437
Operating expenses and other losses, net:
Disposal Group, Including Discontinued Operation, General and Administrative Expense		4,383		15,371
Restructuring charges		(17)	$ 1,600	913
Depreciation and amortization		2,456		7,485
Disposal Group, Including Discontinued Operation, Operating Expense		6,822		23,769
Disposal Group, Including Discontinued Operation, Operating Income (Loss)		6,769		14,896
Disposal Group, Including Discontinued Operation, Other Income		17		37
Discontinued Operation, Income (Loss) from Discontinued Operation, before Income Tax		6,786		14,933
Discontinued Operation, Tax Effect of Discontinued Operation		1,689		4,617
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent		$ 5,097		$ 10,316

Discontinued Operations Discontinued Operations Cash Flow Information (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Share-based compensation	$ 13,145	$ 15,288
Purchases of property and equipment, net	9,372	15,040
Contingent consideration related to business acquisitions	$ 8,754	900
Huron Legal \| Discontinued Operations [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Depreciation and Amortization, Discontinued Operations		7,660
Share-based compensation		618
Purchases of property and equipment, net		5,117
Contingent consideration related to business acquisitions		$ 900

Discontinued Operations Discontinued Operations (Details) - USD ($) $ in Thousands	3 Months Ended			9 Months Ended
	Sep. 30, 2016	Dec. 31, 2015	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Discontinued Operations and Disposal Groups [Abstract]
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent	$ (4)		$ (5,097)	$ 1,830	$ (10,316)
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal		$ 2,300
Disposal Group, Including Discontinued Operation, Consideration		$ 110,100

- Definition

Amount after tax of income (loss) from a discontinued operation attributable to the parent. Includes, but is not limited to, the income (loss) from operations during the phase-out period, gain (loss) on disposal, gain (loss) for reversal of write-down (write-down) to fair value, less cost to sell, and adjustments to a prior period gain (loss) on disposal.

+ References + Details

Acquisitions - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended					9 Months Ended
	Feb. 12, 2015	Sep. 30, 2016	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2016	Sep. 30, 2015
Business Acquisition [Line Items]
Acquisition date fair value based on closing price		$ 59.76					$ 59.76
Revenues		$ 183,400	$ 175,465				$ 548,148	$ 513,910
Operating income		23,240	30,056				65,825	66,789
Intangible assets amortization expense		$ 8,800	7,900				$ 24,400	20,700
Studer Group
Business Acquisition [Line Items]
Effective date of acquisition	Feb. 12, 2015
Outstanding stock from the existing shareholders	100.00%
Date of acquisition agreement	Jan. 26, 2015
Acquisition date fair value of the consideration	$ 325,186
Borrowings under credit facility	$ 102,000
Common stock issued	28,486
Acquisition date fair value	$ 2,204
Acquisition date fair value based on closing price	$ 77.35
Weighted-average amortization period	6 years 3 months 18 days
Goodwill expected to be deductible for income tax purpose	$ 119,500
Revenues			22,300					56,000
Operating income			1,600					3,600
Intangible assets amortization expense			$ 6,100					$ 15,200
Expenses incurred	$ 2,100			$ 200	$ 1,000	$ 900

Acquisitions - Summary of Fair Value of Consideration Transferred (Detail) - Studer Group $ in Thousands	Feb. 12, 2015 USD ($)
Business Acquisition [Line Items]
Cash	$ 323,237
Common stock	2,204
Net working capital adjustment	(255)
Total consideration transferred	$ 325,186

Acquisitions - Allocation of the Purchase Price to the Fair Value of Assets Acquired and Liabilities Assumed (Detail) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015	Feb. 12, 2015
Liabilities assumed:
Goodwill	$ 799,958	$ 751,400
Studer Group
Assets acquired:
Accounts receivable			$ 14,906
Prepaid expenses and other current assets			1,385
Deferred income tax asset			4,335
Property and equipment			4,509
Intangible assets			97,500
Liabilities assumed:
Accounts payable			760
Accrued expenses and other current liabilities			2,868
Accrued payroll and related benefits			1,574
Deferred revenues			2,449
Deferred income tax liability			21,263
Other non-current liabilities			1,211
Total identifiable net assets			92,510
Goodwill			232,676
Total purchase price			$ 325,186

Acquisitions - Schedule of Components of Identifiable Intangible Assets Acquired and their Estimated Useful Lives (Detail) - USD ($) $ in Thousands		9 Months Ended
	Feb. 12, 2015	Sep. 30, 2016
Technology and software
Acquired Finite-Lived Intangible Assets [Line Items]
Useful Life in Years		5 years
Publishing content
Acquired Finite-Lived Intangible Assets [Line Items]
Useful Life in Years		3 years
Studer Group
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible Asset	$ 97,500
Studer Group \| Customer contracts
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible Asset	$ 42,400
Useful Life in Years	9 years
Studer Group \| Customer relationships
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible Asset	$ 25,100
Useful Life in Years	4 years
Studer Group \| Technology and software
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible Asset	$ 22,800
Useful Life in Years	5 years
Studer Group \| Non-competition agreements
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible Asset	$ 3,900
Useful Life in Years	3 years
Studer Group \| Publishing content
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible Asset	$ 3,300
Useful Life in Years	3 years

Acquisitions - Summary of Supplemental Pro Forma Consolidated Results of Operations (Detail) - Studer Group - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2015
Business Combination, Separately Recognized Transactions [Line Items]
Revenues	$ 175,465	$ 524,732
Net income from continuing operations	$ 14,507	$ 30,699
Business Acquisition, Pro Forma Earnings Per Share, Basic	$ 0.66	$ 1.39
Business Acquisition, Pro Forma Earnings Per Share, Diluted	$ 0.64	$ 1.36

Goodwill and Intangible Assets - Changes in Carrying Amount of Goodwill (Detail) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2016	Dec. 31, 2015
Goodwill [Line Items]
Goodwill		$ 894,383
Accumulated impairment		(142,983)
Goodwill [Roll Forward]
Goodwill, net beginning balance	$ 751,400
Goodwill recorded in connection with business acquisitions	48,346
Foreign currency translation	212
Goodwill, net ending balance	799,958
Huron Healthcare
Goodwill [Line Items]
Goodwill		610,264
Goodwill [Roll Forward]
Goodwill, net beginning balance	610,264
Goodwill recorded in connection with business acquisitions	26,522
Goodwill, net ending balance	636,786
Huron Education and Life Sciences
Goodwill [Line Items]
Goodwill		102,906
Goodwill [Roll Forward]
Goodwill, net beginning balance	102,906
Goodwill, net ending balance	102,906
Huron Business Advisory
Goodwill [Line Items]
Goodwill		181,213
Accumulated impairment		$ (142,983)
Goodwill [Roll Forward]
Goodwill, net beginning balance	38,230
Goodwill recorded in connection with business acquisitions	21,824
Foreign currency translation	212
Goodwill, net ending balance	$ 60,266

Goodwill and Intangible Assets - Intangible Assets (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Finite-Lived Intangible Assets [Line Items]
Amortization of Intangible Assets	$ 8,800	$ 7,900	$ 24,400	$ 20,700
Intangible assets
Gross Carrying Amount	157,034		157,034		$ 138,476
Accumulated Amortization	66,944		66,944		43,484
Customer contracts
Intangible assets
Gross Carrying Amount	89,282		89,282		79,449
Accumulated Amortization	31,346		$ 31,346		22,360
Customer contracts \| Minimum
Intangible assets
Useful Life in Years			4 years
Customer contracts \| Maximum
Intangible assets
Useful Life in Years			13 years
Customer relationships
Intangible assets
Gross Carrying Amount	27,497		$ 27,497		25,332
Accumulated Amortization	19,541		$ 19,541		11,943
Customer relationships \| Minimum
Intangible assets
Useful Life in Years			1 year
Customer relationships \| Maximum
Intangible assets
Useful Life in Years			4 years
Technology and software
Intangible assets
Useful Life in Years			5 years
Gross Carrying Amount	22,930		$ 22,930		22,800
Accumulated Amortization	10,087		10,087		5,396
Non-competition agreements
Intangible assets
Gross Carrying Amount	9,250		9,250		4,180
Accumulated Amortization	2,536		$ 2,536		1,324
Non-competition agreements \| Minimum
Intangible assets
Useful Life in Years			3 years
Non-competition agreements \| Maximum
Intangible assets
Useful Life in Years			5 years
Trade names
Intangible assets
Gross Carrying Amount	3,685		$ 3,685		3,415
Accumulated Amortization	1,498		$ 1,498		1,498
Trade names \| Minimum
Intangible assets
Useful Life in Years			1 year
Trade names \| Maximum
Intangible assets
Useful Life in Years			5 years
Publishing content
Intangible assets
Useful Life in Years			3 years
Gross Carrying Amount	3,300		$ 3,300		3,300
Accumulated Amortization	1,788		$ 1,788		$ 963
Off-Market Favorable Lease [Member]
Intangible assets
Useful Life in Years			3 years
Gross Carrying Amount	720		$ 720
Accumulated Amortization	148		148
In Process Research and Development [Member]
Intangible assets
Indefinite-Lived Intangible Assets (Excluding Goodwill)	$ 370		$ 370

Goodwill and Intangible Assets - Amortization Expense (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible assets amortization expense	$ 8,800	$ 7,900	$ 24,400	$ 20,700
Estimated annual intangible assets amortization expense in next twelve months	33,122		33,122
Estimated annual intangible assets amortization expense, Year Two	30,201		30,201
Estimated annual intangible assets amortization expense, Year Three	19,193		19,193
Estimated annual intangible assets amortization expense, Year Four	12,626		12,626
Estimated annual intangible assets amortization expense, Year Five	7,978		7,978
Estimated annual intangible assets amortization expense, after Year Five	$ 4,540		$ 4,540

Earnings Per Share - Reconciliation of Basic and Diluted Earnings Per Share (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Earnings Per Share [Abstract]
Net income from continuing operations	$ 12,288	$ 14,277	$ 35,293	$ 29,393
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent	4	5,097	(1,830)	10,316
Net income	$ 12,292	$ 19,374	$ 33,463	$ 39,709
Weighted average common shares outstanding – basic	21,076	22,107	21,084	22,151
Weighted average common stock equivalents	369	485	343	465
Weighted average common shares outstanding – diluted	21,445	22,592	21,427	22,616
Net earnings per basic share:
Income (Loss) from Continuing Operations, Per Basic Share	$ 0.58	$ 0.65	$ 1.67	$ 1.33
Discontinued Operation, Income (Loss) from Discontinued Operation, Net of Tax, Per Basic Share	0.00	0.23	(0.08)	0.46
Basic (USD per share)	0.58	0.88	1.59	1.79
Net earnings per diluted share:
Income (Loss) from Continuing Operations, Per Diluted Share	0.57	0.63	1.65	1.30
Discontinued Operation, Income (Loss) from Discontinued Operation, Net of Tax, Per Diluted Share	0.00	0.23	(0.09)	0.46
Diluted (USD per share)	$ 0.57	$ 0.86	$ 1.56	$ 1.76

Earnings Per Share - Summary of Anti-dilutive Securities Excluded from Computation of Weighted Average Common Stock Equivalents (Detail) - shares shares in Thousands	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total anti-dilutive securities	6,263	6,258
Unvested restricted stock awards
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total anti-dilutive securities	5	0
Convertible senior notes
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total anti-dilutive securities	3,129	3,129
Warrants related to the issuance of convertible senior notes
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total anti-dilutive securities	3,129	3,129

Earnings Per Share - Additional Information (Detail) - USD ($)	3 Months Ended	9 Months Ended	12 Months Ended
	Mar. 31, 2016	Sep. 30, 2016	Dec. 31, 2015
Accelerated Share Repurchases [Line Items]
Share repurchases		$ 55,265,000
October 2014 Share Repurchase Program
Accelerated Share Repurchases [Line Items]
Share repurchase authorized amount		125,000,000
Shares repurchased, shares	982,192		583,880
Share repurchases	$ 55,300,000		$ 34,600,000
Stock Repurchase Program, Remaining Authorized Repurchase Amount		$ 35,100,000

Financing Arrangements - Summary of Carrying Amounts of Debt (Detail) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Net carrying amount	$ 325,858	$ 307,376
1.25% convertible senior notes due 2019
Debt Instrument [Line Items]
Net carrying amount	221,858	215,376
Senior secured credit facility
Debt Instrument [Line Items]
Net carrying amount	$ 104,000	$ 92,000

Financing Arrangements Schedule of Maturities of Long-Term Debt (Details) $ in Thousands	Sep. 30, 2016 USD ($)
Debt Disclosure [Abstract]
Long-term Debt, Maturities, Repayments of Principal in Year Four	$ 250,000
Long-term Debt, Maturities, Repayments of Principal in Year Five	$ 104,000

Financing Arrangements - Schedule of Convertible Notes (Detail) - USD ($)	Sep. 30, 2016	Dec. 31, 2015	Sep. 30, 2014
Convertible Senior Notes [Line Items]
Net carrying amount	$ 325,858,000	$ 307,376,000
1.25% convertible senior notes due 2019
Convertible Senior Notes [Line Items]
Proceeds	250,000,000	250,000,000	$ 250,000,000
Less: debt discount, net of amortization	(24,425,000)	(30,007,000)
Debt Issuance Costs, Net	(3,717,000)	(4,617,000)
Net carrying amount	221,858,000	215,376,000
Equity component	$ 39,287,000	$ 39,287,000

Financing Arrangements - Summary of Interest Expense Recognized (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Debt Disclosure [Abstract]
Contractual interest coupon	$ 781	$ 781	$ 2,344	$ 2,344
Amortization of debt discount	1,883	1,795	5,582	5,324
Amortization of debt issuance costs	302	295	900	883
Total interest expense	$ 2,966	$ 2,871	$ 8,826	$ 8,551

Financing Arrangements - Additional Information (Detail) $ / shares in Units, shares in Millions			3 Months Ended	9 Months Ended
	Mar. 31, 2015 USD ($)	Sep. 30, 2014 USD ($) $ / shares shares	Mar. 31, 2015 USD ($)	Sep. 30, 2016 USD ($)	Dec. 31, 2015 USD ($)
Debt Instrument [Line Items]
Number of common shares converted upon debt conversion for each $1000 principal amount		12.5170
Conversion price of convertible notes \| $ / shares		$ 79.89
Earliest conversion date		Jul. 01, 2019
Number of least trading days required within consecutive trading days		30 days
Number of consecutive business days following consecutive trading days		5 days
Concentration risk percentage		98.00%
Debt issuance costs		$ 7,300,000
Liability issuance costs		6,200,000
Equity issuance costs		$ 1,100,000
Deferred tax liability				$ 38,659,000	$ 34,688,000
Net carrying amount				325,858,000	307,376,000
Note Hedge
Debt Instrument [Line Items]
Common stock purchased \| shares		3.1
Aggregate amount for convertible hedge		$ 42,100,000
Deferred tax asset		$ 16,500,000
Warrants related to the issuance of convertible senior notes
Debt Instrument [Line Items]
Common stock purchased \| shares		3.1
Common stock price per share \| $ / shares		$ 97.12
Aggregate proceeds from the sale of warrants		$ 23,600,000
Minimum
Debt Instrument [Line Items]
Conversion price of convertible notes \| $ / shares		$ 79.89
Number of least trading days required within consecutive trading days		5 days
Number of consecutive trading days		20 days
Percentage of applicable conversion price		130.00%
Maximum
Debt Instrument [Line Items]
Conversion price of convertible notes \| $ / shares		$ 97.12
1.25% convertible senior notes due 2019
Debt Instrument [Line Items]
Aggregate principal amount		$ 250,000,000		$ 250,000,000	250,000,000
Debt Instrument, Interest Rate, Stated Percentage		1.25%
Debt instrument maturity date		Oct. 01, 2019
Principal amount of notes per conversion		$ 1,000
Optional right of debt instrument holders to convert debt instrument into cash, portion of principal amount		100.00%
Effective interest rate of debt				4.751%
Remaining life of notes				3 years
Deferred tax liability		$ 15,400,000
Net carrying amount				$ 221,858,000	215,376,000
Senior secured credit facility
Debt Instrument [Line Items]
Revolving Credit facility	$ 500,000,000		$ 500,000,000
Period of revolving credit facility	5 years
Credit agreement expiration date	Mar. 31, 2020
Option to increase revolving credit facility	$ 100,000,000
Maximum principle amount	$ 600,000,000		$ 600,000,000
Convertible debt maturity term	90 days
Percentage of other equity interests in domestic subsidiaries	100.00%
Percentage of other equity interests in foreign subsidiaries	65.00%
Minimum consolidated interest coverage ratio	3.50		3.50
Actual consolidated leverage ratio				2.08
Actual interest coverage ratio				20.89
Net carrying amount				$ 104,000,000	$ 92,000,000
Percentage of weighted average interest rate of borrowings				2.40%	2.40%
Outstanding letters of credit				$ 4,700,000	$ 4,800,000
Unused borrowing capacity under Credit Agreement				$ 391,300,000
Senior secured credit facility \| Scenario One, Leverage Ratio
Debt Instrument [Line Items]
Maximum consolidated leverage ratio			3.25
Senior secured credit facility \| Scenario Two, Leverage Ratio
Debt Instrument [Line Items]
Maximum consolidated leverage ratio			3.50
Senior secured credit facility \| Minimum \| LIBOR
Debt Instrument [Line Items]
Interest rate on borrowings	1.25%
Senior secured credit facility \| Minimum \| Base Rate [Member]
Debt Instrument [Line Items]
Interest rate on borrowings	0.25%
Senior secured credit facility \| Maximum \| LIBOR
Debt Instrument [Line Items]
Interest rate on borrowings	1.75%
Senior secured credit facility \| Maximum \| Base Rate [Member]
Debt Instrument [Line Items]
Interest rate on borrowings	0.75%

Restructuring Charges - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Restructuring Charges [Abstract]
Restructuring charges	$ 1,049	$ 320	$ 4,129	$ 1,577
Restructuring reserve	6,797		6,797		$ 8,702
Employee Severance [Member]
Restructuring Charges [Abstract]
Restructuring charges				1,200
Restructuring reserve	791		791		2,323
Employee Severance [Member] \| Huron Healthcare
Restructuring Charges [Abstract]
Restructuring charges			1,200
Employee Severance [Member] \| Corporate, Non-Segment [Member]
Restructuring Charges [Abstract]
Restructuring charges			900	200
Employee Severance [Member] \| All Other
Restructuring Charges [Abstract]
Restructuring charges				1,000
Office Space Reductions [Member]
Restructuring Charges [Abstract]
Restructuring charges	1,000	300	1,500	300
Restructuring reserve	5,948		5,948		6,379
Restructuring Reserve, Current	2,400		2,400
Other Restructuring [Member]
Restructuring Charges [Abstract]
Restructuring charges			200
Restructuring reserve	58		58		$ 0
Discontinued Operations [Member] \| Huron Legal
Restructuring Charges [Abstract]
Restructuring charges		$ (17)	1,600	$ 913
Restructuring reserve	$ 5,000		$ 5,000

Restructuring Charges Restructuring Liability Rollforward (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2016	Dec. 31, 2015
Restructuring Cost and Reserve [Line Items]
Restructuring reserve	$ 6,797	$ 8,702
Restructuring additions	4,493
Payments for Restructuring	(7,371)
Restructuring Reserve, Accrual Adjustment	1,126
Noncash Restructuring Charges	(153)
Employee Severance [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring reserve	791	2,323
Restructuring additions	3,876
Payments for Restructuring	(5,166)
Restructuring Reserve, Accrual Adjustment	(242)
Office Space Reductions [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring reserve	5,948	6,379
Restructuring additions	144
Payments for Restructuring	(1,947)
Restructuring Reserve, Accrual Adjustment	1,376
Noncash Restructuring Charges	(4)
Other Restructuring [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring reserve	58	$ 0
Restructuring additions	473
Payments for Restructuring	(258)
Restructuring Reserve, Accrual Adjustment	(8)
Noncash Restructuring Charges	$ (149)

Derivative Instruments and Hedging Activity - Additional Information (Detail) - USD ($)				9 Months Ended
	Apr. 04, 2013	May 30, 2012	Dec. 08, 2011	Sep. 30, 2016	Apr. 30, 2016
Derivative [Line Items]
Interest rate swap agreement, effective date	Mar. 31, 2014	May 31, 2012	Feb. 29, 2012
Interest rate swap agreement, end date	Aug. 31, 2017	Apr. 14, 2016	Apr. 14, 2016
Interest rate swap agreement for a notional amount	$ 60,000,000.0	$ 37,000,000.0	$ 56,600,000.0		$ 86,000,000
Duration of LIBOR	1 month	1 month	1 month
Percentage of fixed rate	0.985%	0.70%	0.9875%
Gain (loss) reclassification from accumulated OCI to income, estimate of time to transfer				12 months

Derivative Instruments and Hedging Activity - Fair Value Interest Rate Swaps Designated as Cash Flow Hedging Instruments (Detail) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Other non-current assets
Fair Value interest rate swaps designated as cash flow hedging instruments
Fair Value (Derivative Asset and Liability)	$ 0	$ 86
Accrued expenses
Fair Value interest rate swaps designated as cash flow hedging instruments
Fair Value (Derivative Asset and Liability)	$ 200	$ 242

Fair Value of Financial Instruments - Financial Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) - Fair Value, Measurements, Recurring - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Fair Value, Asset/Liability
Assets, fair value	$ 35,256	$ 37,140
Liabilities, fair value	11,511	2,219
Contingent consideration for business acquisitions
Fair Value, Asset/Liability
Liabilities, fair value	11,311	2,063
Interest rate swap
Fair Value, Asset/Liability
Liabilities, fair value	200	156
Convertible debt investment
Fair Value, Asset/Liability
Assets, fair value	32,932	34,831
Promissory note
Fair Value, Asset/Liability
Assets, fair value	2,324	2,309
Level 2
Fair Value, Asset/Liability
Liabilities, fair value	200	156
Level 2 \| Interest rate swap
Fair Value, Asset/Liability
Liabilities, fair value	200	156
Level 3
Fair Value, Asset/Liability
Assets, fair value	35,256	37,140
Liabilities, fair value	11,311	2,063
Level 3 \| Contingent consideration for business acquisitions
Fair Value, Asset/Liability
Liabilities, fair value	11,311	2,063
Level 3 \| Convertible debt investment
Fair Value, Asset/Liability
Assets, fair value	32,932	34,831
Level 3 \| Promissory note
Fair Value, Asset/Liability
Assets, fair value	$ 2,324	$ 2,309

Fair Value of Financial Instruments - Additional Information (Detail) - USD ($)		3 Months Ended	6 Months Ended	9 Months Ended
	Dec. 30, 2011	Sep. 30, 2016	Jun. 30, 2014	Sep. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Sep. 30, 2014
Fair Value of Financial Instruments [Abstract]
Investments in notes		$ 32,932,000		$ 32,932,000		$ 34,831,000
Contingent consideration related to business acquisitions		$ 8,754,000		$ 8,754,000			$ 900,000
Closing price of common stock		$ 59.76		$ 59.76
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability		$ 500,000
1.25% convertible senior notes due 2019
Fair Value of Financial Instruments [Abstract]
Aggregate principal amount		250,000,000		$ 250,000,000		250,000,000		$ 250,000,000
Carrying value of equity component		39,287,000		39,287,000		$ 39,287,000
MyRounding [Member]
Fair Value of Financial Instruments [Abstract]
Contingent consideration related to business acquisitions					$ 6,500,000
HSM Consulting [Member]
Fair Value of Financial Instruments [Abstract]
Contingent consideration related to business acquisitions		2,300,000		2,300,000
Convertible debt investment \| Shorelight Holdings LLC
Fair Value of Financial Instruments [Abstract]
Investments in notes		27,900,000		$ 27,900,000
Debt instrument maturity date				Jul. 01, 2020
Unrealized gain (loss) on investments - debt and equity securities				$ 1,900,000
Promissory note \| Accounting Advisory Practice
Fair Value of Financial Instruments [Abstract]
Promissory note received for sale of Accounting Advisory	$ 3,500,000
Promissory note term	4 years
Promissory note payable maturity date			Dec. 31, 2018
Discount rate used to measure fair value				17.00%
Prepaid Expenses and Other Current Assets [Member] \| Promissory note
Fair Value of Financial Instruments [Abstract]
Assets, fair value		500,000		$ 500,000
Other non-current assets \| Promissory note
Fair Value of Financial Instruments [Abstract]
Assets, fair value		$ 1,800,000		$ 1,800,000

Fair Value of Financial Instruments - Summary of Carrying Amount and Estimated Fair Value of Convertible Notes (Detail) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Carrying Amounts And Estimated Fair Values Of Financial Instruments [Line Items]
Net carrying amount	$ 325,858	$ 307,376
1.25% convertible senior notes due 2019
Carrying Amounts And Estimated Fair Values Of Financial Instruments [Line Items]
Net carrying amount	221,858	215,376
Estimated Fair Value	$ 252,310	$ 248,010

Other Comprehensive Income (Loss )- Components of Other Comprehensive Loss, Net of Tax (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Equity [Abstract]
Foreign currency translation adjustment, before taxes	$ 50	$ (613)	$ 52	$ (228)
Foreign currency translation adjustment, taxes	0	2	0	(27)
Foreign currency translation adjustment, net of taxes	50	(615)	52	(201)
Unrealized gain on investment, before taxes	(3,329)	0	(1,899)	6,661
Unrealized gain on investment, tax (expense) benefit	1,291	0	736	(2,526)
Unrealized gain on investment, net of taxes	(2,038)	0	(1,163)	4,135
Change in fair value, before taxes	96	(346)	(367)	(1,036)
Change in fair value, tax (expense) benefit	(35)	137	146	412
Change in fair value, net of taxes	61	(209)	(221)	(624)
Reclassification adjustments into earnings, before taxes	101	196	323	619
Reclassification adjustments into earnings, tax (expense) benefit	(41)	(78)	(129)	(247)
Reclassification adjustments into earnings, net of taxes	60	118	194	372
Net unrealized gain (loss), before taxes	197	(150)	(44)	(417)
Net unrealized gain (loss), tax (expense) benefit	(76)	59	17	165
Net unrealized gain (loss), net of taxes	121	(91)	(27)	(252)
Other comprehensive income (loss), before taxes	(3,082)	(763)	(1,891)	6,016
Other comprehensive income (loss), tax (expense) benefit	1,215	57	753	(2,334)
Other comprehensive income	$ (1,867)	$ (706)	$ (1,138)	$ 3,682

Other Comprehensive Income (Loss )- Components of Accumulated Other Comprehensive Loss, Net of Tax (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Equity [Abstract]
Foreign Currency Translation Adjustments, Beginning balance			$ (517)
Foreign Currency Translation Adjustments, Current period change	$ (50)	$ 615	(52)	$ 201
Foreign Currency Translation Adjustments, Ending balance	(465)		(465)
Net Unrealized Gain (Loss) on Investment, Beginning balance			4,185
Unrealized gain on investment, net of tax	2,038	0	1,163	(4,135)
Net Unrealized Gain (Loss) on Investment, Ending balance	3,022		3,022
Net Unrealized Losses on Derivatives, Beginning balance			(83)
Unrealized loss on cash flow hedging instruments, net of tax	(121)	91	27	252
Net Unrealized Losses on Derivatives, Ending balance	(110)		(110)
Accumulated Other Comprehensive Income (Loss), Beginning balance			3,585
Accumulated Other Comprehensive (Income) Loss, Current period change	1,867	$ 706	1,138	$ (3,682)
Accumulated Other Comprehensive Income (Loss), Ending balance	$ 2,447		$ 2,447

Income Taxes - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Line Items]
Decrease in Unrecognized Tax Benefits is Reasonably Possible	$ 2.4		$ 2.4
Effective tax rates	37.20%	40.60%	35.60%	42.40%
Huron Legal \| Discontinued Operations [Member]
Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Line Items]
Unrecognized Tax Benefits	$ 2.4		$ 2.4

Commitments, Contingencies and Guarantees - Additional Information (Detail) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Fair Value, Measurements, Recurring
Commitments And Contingencies [Line Items]
Liabilities, fair value	$ 11,511	$ 2,219
Fair Value, Measurements, Recurring \| Contingent consideration for business acquisitions
Commitments And Contingencies [Line Items]
Liabilities, fair value	11,311	2,063
Senior secured credit facility
Commitments And Contingencies [Line Items]
Guarantees in the form of letters of credit	$ 4,700	$ 4,800

Segment Information - Additional Information (Detail)	9 Months Ended
Segment Information - Additional Information (Detail)	Sep. 30, 2016 Segment
Segment Reporting [Abstract]
Number of operating segments	4

Segment Information - Components of Segment Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Components of Segment Information
Revenues	$ 183,400	$ 175,465	$ 548,148	$ 513,910
Operating income (loss)	23,240	30,056	65,825	66,789
Reimbursable expenses	19,093	16,091	54,636	53,266
Total revenues and reimbursable expenses	202,493	191,556	602,784	567,176
Depreciation and amortization	8,092	6,538	23,064	18,286
Other expense, net	(3,687)	(6,038)	(11,034)	(15,776)
Income from continuing operations before income tax expense	19,553	24,018	54,791	51,013
Operating Segments
Components of Segment Information
Revenues	183,400	175,465	548,148	513,910
Operating income (loss)	58,328	63,181	173,978	169,407
Reimbursable expenses	19,093	16,091		53,266
Total revenues and reimbursable expenses	202,493	191,556		567,176
Operating Segments \| Huron Healthcare
Components of Segment Information
Revenues	103,425	112,114	323,531	328,624
Operating income (loss)	$ 38,824	$ 47,609	$ 119,229	$ 122,120
Segment operating income as a percentage of segment revenues	37.50%	42.50%	36.90%	37.20%
Operating Segments \| Huron Education and Life Sciences
Components of Segment Information
Revenues	$ 45,696	$ 42,056	$ 134,050	$ 124,892
Operating income (loss)	$ 12,124	$ 10,473	$ 35,407	$ 35,427
Segment operating income as a percentage of segment revenues	26.50%	24.90%	26.40%	28.40%
Operating Segments \| Huron Business Advisory
Components of Segment Information
Revenues	$ 34,279	$ 21,249	$ 90,567	$ 59,173
Operating income (loss)	$ 7,380	$ 5,231	$ 19,342	$ 13,514
Segment operating income as a percentage of segment revenues	21.50%	24.60%	21.40%	22.80%
Operating Segments \| All Other
Components of Segment Information
Revenues	$ 0	$ 46	$ 0	$ 1,221
Operating income (loss)	0	(132)	0	(1,654)
Segment Reconciling Items
Components of Segment Information
Other operating expenses and losses, net	26,996	26,587	85,089	84,332
Depreciation and amortization	8,092	6,538	23,064	18,286
Other expense, net	$ 3,687	$ 6,038	$ 11,034	$ 15,776