SEC Filings


10-K
NAVIGANT CONSULTING INC filed this Form 10-K on 02/16/2016
Entire Document
 


Table of Contents

Securities Authorized for Issuance Under Equity Compensation Plans

The following table provides information with respect to shares of our common stock that may be issued under our equity compensation plans as of December 31, 2015:

 

Plan Category

   Number of Securities to
be Issued upon Exercise
of Outstanding  Options,
Warrants and Rights
     Weighted Average
Exercise Price of
Outstanding Options,
Warrants and Rights
     Number of Securities
Remaining Available for
Further Issuance Under
Equity Compensation
Plans (Excluding
Securities Reflected in
the First Column)
 

Equity compensation plans approved by security holders

     640,349       $ 13.42         3,864,365   

Equity compensation plans not approved by security holders

           $           
  

 

 

    

 

 

    

 

 

 

Total

     640,349       $ 13.42         3,864,365   
  

 

 

    

 

 

    

 

 

 

 

Item 6. Selected Financial Data.

The following five-year financial and operating data should be read in conjunction with the information set forth under “Item 7 — Management’s Discussion and Analysis of Financial Condition and Results of Operations” and our consolidated financial statements and related notes thereto appearing elsewhere in this report. During the year ended December 31, 2013, we sold the United Kingdom financial services advisory business and, as such, the results have been reclassified to discontinued operations to reflect this transaction. The amounts are shown in thousands, except for per share data.

 

     For the year ended December 31,  
     2015     2014     2013     2012     2011  

Revenues before reimbursements

   $ 833,808      $ 766,552      $ 734,433      $ 722,190      $ 671,289   

Reimbursements

     85,678        93,065        101,152        96,007        83,425   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total revenues

     919,486        859,617        835,585        818,197        754,714   

Cost of services before reimbursable expenses

     571,894        519,157        487,967        476,344        449,417   

Reimbursable expenses

     85,678        93,065        101,152        96,007        83,425   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total cost of services

     657,572        612,222        589,119        572,351        532,842   

General and administrative expenses

     147,462        136,057        127,079        141,195        130,430   

Depreciation expense

     23,612        19,580        16,180        14,986        13,303   

Amortization expense

     8,613        5,959        6,826        6,767        8,658   

Other operating costs (benefit):

          

Contingent acquisition liability adjustments, net

     (13,047     (4,992     (5,399     1,065          

Office consolidation, net

     2,766        725        348        580          

Loss (gain) on disposition of assets

     283        (541     (1,715              

Goodwill impairment

            122,045                        

Other impairment

     98        1,343                        
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Operating income (loss)

     92,127        (32,781     103,147        81,253        69,481   

Interest expense

     4,916        5,918        4,433        5,453        7,292   

Interest income

     (250     (274     (463     (872     (1,447

Other (income) expense, net

     (692     (167     175        (78     (279
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Income (loss) from continuing operations before income tax expense (benefit)

     88,153        (38,258     99,002        76,750        63,915   

Income tax expense (benefit)

     27,808        (1,351     43,890        32,518        27,770   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net income (loss) from continuing operations

     60,345        (36,907     55,112        44,232        36,145   

Income (loss) from discontinued operations, net of tax

            509        (2,919     1,937        4,985   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net income (loss)

   $ 60,345      $ (36,398   $ 52,193      $ 46,169      $ 41,130   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

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