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Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2011	Dec. 31, 2010
Current assets:
Cash and cash equivalents	$ 103,078	$ 181,124
Restricted cash	952	393
Accounts receivable, less allowance for doubtful accounts of $6,502 and $6,589 at June 30, 2011 and December 31, 2010, respectively	109,710	83,360
Other receivables	9,641	7,724
Prepaid expenses	19,485	15,323
Other current assets	1,520	1,871
Income taxes recoverable	14,062	11,912
Deferred income taxes	11,916	10,759
Total current assets	270,364	312,466
Non-current assets:
Property and equipment, net	42,338	34,406
Restricted cash	1,904	1,609
Assets designated for retirement and pension plans	25,649	23,647
Investments	10,189	11,021
Other non-current assets	9,486	8,593
Goodwill	115,979	109,888
Other intangible assets, net	6,065	6,480
Deferred income taxes	36,509	36,917
Total non-current assets	248,119	232,561
Total assets	518,483	545,027
Current liabilities:
Accounts payable	11,818	8,408
Accrued salaries and employee benefits	87,421	124,969
Other current liabilities	41,013	34,064
Income taxes payable	2,015	3,208
Deferred income taxes	1,694	1,807
Total current liabilities	143,961	172,456
Non-current liabilities:
Retirement and pension plans	34,147	30,907
Other non-current liabilities	41,455	47,015
Deferred income taxes	109	107
Total non-current liabilities	75,711	78,029
Total liabilities	219,672	250,485
Commitments and contingencies (Note 16)
Stockholders' equity:
Preferred stock, $.01 par value, 10,000,000 shares authorized, no shares issued at June 30, 2011 and December 31, 2010, respectively
Common stock, $.01 par value, 100,000,000 shares authorized, 19,585,777 shares issued, 17,839,077 and 17,558,098 shares outstanding at June 30, 2011 and December 31, 2010, respectively	196	196
Treasury stock at cost, 1,746,770 and 2,027,679 shares at June 30, 2011 and December 31, 2010, respectively	(59,790)	(69,549)
Additional paid in capital	237,479	246,601
Retained earnings	96,714	99,056
Accumulated other comprehensive income	24,212	18,238
Total stockholders' equity	298,811	294,542
Total liabilities and stockholders' equity	$ 518,483	$ 545,027

Consolidated Statement of Stockholders' Equity and Comprehensive Income - 6 months ended Jun. 30, 2011 - USD ($) shares in Thousands, $ in Thousands	Common Stock [Member]	Treasury Stock [Member]	Additional Paid in Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income [Member]	Total
Balance at Dec. 31, 2010	$ 196	$ (69,549)	$ 246,601	$ 99,056	$ 18,238	$ 294,542
Balance, shares at Dec. 31, 2010	19,586	2,027
Net income				2,768		2,768
Other comprehensive income:
Unrealized gain on available for sale investments					353	353
Foreign currency translation adjustment					5,621	5,621
Other comprehensive income				2,768	5,974	8,742
Treasury and common stock transactions:
Stock-based compensation			3,310			3,310
Vesting of restricted stock units, net of tax witholdings		$ 9,104	(11,749)			(2,645)
Vesting of restricted stock units, net of tax witholdings, shares		(262)
Re-issuance of treasury stock		$ 655	(280)			375
Re-issuance of treasury stock, shares		(18)
Cash dividends declared ($0.26 per share)				(4,632)		(4,632)
Dividend equivalents on restricted stock units				(478)		(478)
Dividend equivalents on restricted stock units, shares
Tax deficit related to stock-based compensation			(403)			(403)
Balance at Jun. 30, 2011	$ 196	$ (59,790)	$ 237,479	$ 96,714	$ 24,212	$ 298,811
Balance, shares at Jun. 30, 2011	19,586	1,747

Basis of Presentation of Interim Financial Information

6 Months Ended

Jun. 30, 2011

Basis of Presentation of Interim Financial Information

Basis of Presentation of Interim Financial Information

1. Basis of Presentation of Interim Financial Information

The accompanying unaudited Condensed Consolidated Financial Statements of Heidrick & Struggles International, Inc. and subsidiaries (the "Company"), have been prepared pursuant to the rules and regulations of the U.S. Securities and Exchange Commission ("SEC"). The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenue and expenses. Significant items subject to estimates and assumptions include revenue recognition, allowance for doubtful accounts, interim effective tax rate, allowances for deferred tax assets, assessment of goodwill and other intangible assets for impairment, compensation accruals, stock-based compensation, and contingent liabilities. Given that global economies are undergoing a period of continued uncertainty, estimates are subject to a greater degree of uncertainty than usual and actual results could differ from these estimates. These financial statements and notes are to be read in conjunction with the Company's Consolidated Financial Statements and Notes thereto included in the Company's Annual Report on Form 10-K for the year ended December 31, 2010, as filed with the SEC on March 16, 2011.

Additionally, the Company revised its prior year Condensed Consolidated Statements of Cash Flows to conform to the current year presentation, which had no effect on the Condensed Consolidated Balance Sheets or Condensed Consolidated Statements of Operations for the prior period presented.

- Definition

The entire disclosure for organization, consolidation and basis of presentation of financial statements disclosure.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph 2-6
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Name Statement of Position (SOP)
-Publisher AICPA
-Number 94-6
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+ Details

Goodwill and Other Intangible Assets

6 Months Ended

Jun. 30, 2011

Goodwill and Other Intangible Assets

Goodwill and Other Intangible Assets

8. Goodwill and Other Intangible Assets

Goodwill

Changes in the carrying amount of goodwill by segment for the six months ended June 30, 2011 are as follows:


	Americas		Europe		Asia Pacific		Total
Balance at December 31, 2010	$	78,989	$	22,982	$	7,917	$	109,888
Iron Hill earnout adjustment		3,740		—		—		3,740
Exchange rate fluctuations		163		1,787		401		2,351

Balance at June 30, 2011	$	82,892	$	24,769	$	8,318	$	115,979

In connection with the Company's 2008 acquisition of Iron Hill, the previous owners, who are now Heidrick & Struggles employees, are eligible to receive earnout payments up to a total of $4.4 million based on achievement of certain revenue metrics in 2009, 2010 and 2011. As a result of the achievement of these revenue metrics during the first six months of 2011, the Company accrued an earnout payment of $3.7 million. The Company anticipates accruing additional earnout payments during the third quarter of 2011 based on the achievement of additional revenue metrics and expects the $3.7 million plus any additional amounts earned during the third quarter of 2011 will be paid in 2011.

Throughout the six months of 2011, the Company continued to monitor events that could cause an impairment in the fair value of its reporting units. The Company concluded that an impairment evaluation was not required during the first six months of 2011. The Company will continue to monitor the financial performance and the fair value of the European reporting unit and if it deteriorates, it could result in the need to record an impairment charge in future periods.

Other Intangible Assets

The carrying amount of amortizable intangible assets and the related accumulated amortization are as follows:


			June 30, 2011							December 31, 2010
	Weighted Average Life (in years)		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Client relationships		15.0	$	19,039	$	(13,367	)	$	5,672	$	18,430	$	(12,503	)	$	5,927
Candidate database		6.0		1,800		(1,425	)		375		1,800		(1,275	)		525
Other		7.5		176		(158	)		18		204		(176	)		28

Total intangible assets		14.5	$	21,015	$	(14,950	)	$	6,065	$	20,434	$	(13,954	)	$	6,480

Intangible asset amortization expense for the three months ended June 30, 2011 and 2010 was $0.3 million. Intangible asset amortization expense for the six months ended June 30, 2011 and 2010 was $0.6 million and $0.7 million, respectively. The estimated intangible amortization expense is $1.3 million for fiscal year 2011, $1.1 million for fiscal year 2012, $0.8 million for fiscal year 2013, $0.8 million for fiscal year 2014, and $0.8 million for fiscal year 2015. These amounts are based on intangible assets recorded as of June 30, 2011, and actual amortization expense could differ from these estimates as a result of future acquisitions 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

Commitments and Contingencies

6 Months Ended

Jun. 30, 2011

Commitments and Contingencies

Commitments and Contingencies

16. Commitments and Contingencies

The Company has contingent liabilities from various pending claims and litigation matters arising in the ordinary course of the Company's business, some of which involve claims for damages that may be substantial in amount. Some of these matters are covered by insurance. Although the Company's ultimate liability in the matter discussed below cannot be determined, based upon information currently available, the Company believes the ultimate resolution of such claims and litigation will not have a material adverse effect on its financial condition, results of operations or liquidity.

UK Employee Benefits Trust

On January 27, 2010, HM Revenue & Customs ("HMRC") in the United Kingdom notified the Company that it was challenging the tax treatment of certain of the Company's contributions in the United Kingdom to an Employee Benefits Trust between 2002 and 2008. HMRC alleges that these contributions should have been subject to Pay As You Earn tax and Class 1 National Insurance Contributions in the United Kingdom; and HMRC is proposing an adjustment to the Company's payroll tax liability for the affected years. The aggregate amount of HMRC's proposed adjustment is approximately £3.9 million (equivalent to $6.3 million at June 30, 2011). The Company has appealed the proposed adjustment. At this time, the Company believes that the likelihood of an unfavorable outcome with respect to the proposed adjustment is not probable and the potential amount of any loss cannot be reasonably estimated. The Company also believes that the amount of any final adjustment would not be material to the Company's financial condition.

- Definition

The entire disclosure for commitments and contingencies.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name FASB Interpretation (FIN)
-Number 14
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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
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+ Details

Restructuring Charges

6 Months Ended

Jun. 30, 2011

Restructuring Charges

Restructuring Charges

11. Restructuring Charges

The accrued restructuring charges at June 30, 2011 consist of employee-related costs that require cash payments based on individual severance agreements and real estate leases that require cash payments through the lease terms reduced by sublease income. Based on current estimates, the Company expects that cash outlays over the next twelve months related to restructuring charges accrued at June 30, 2011 will be $0.4 million, with the remainder payable over the remaining lease terms of the vacated properties, which extend through 2016.

Changes in the accrual for restructuring charges for the six months ended June 30, 2011 are as follows:


	Employee Related			Office Related			Total
Accrual balance at December 31, 2010	$	315		$	2,082		$	2,397
Cash payments		(195	)		(365	)		(560	)
Exchange rate fluctuations		6			28			34

Accrual balance at June 30, 2011	$	126		$	1,745		$	1,871

Investments

6 Months Ended

Jun. 30, 2011

Investments

Investments

6. Investments

The components of the Company's investments are as follows:


	June 30, 2011		December 31, 2010
U.S. non-qualified deferred compensation plan	$	9,425	$	8,487
JobKoo		—		1,803
Warrants and equity securities		764		731

Total	$	10,189	$	11,021

The Company's U.S. non-qualified deferred compensation plan consists primarily of U.S. marketable securities and mutual funds, all of which are valued using Level 1 inputs. The aggregate cost basis for these investments was $7.8 million and $7.4 million as of June 30, 2011 and December 31, 2010, respectively. The warrants and equity securities primarily consist of cost method investments, none of which were evaluated for impairment since there were no triggering events in the respective periods.

During the first quarter of 2011, the Company provided a loan to JobKoo in the principal amount of $1.0 million. As a result of JobKoo's inability to demonstrate sufficient cash flow to support the recoverability of the investment and loan, the Company wrote-off its $1.8 million investment and $1.0 million loan during the first quarter of 2011. The write-off is included in non-operating expense-other, net on the Condensed Consolidated Statement of Operations for the six months ended June 30, 2011.

Segment Information

6 Months Ended

Jun. 30, 2011

Segment Information

Segment Information

14. Segment Information

The Company operates its executive search and leadership consulting services in three geographic regions: the Americas; Europe, which includes the Middle East and Africa; and Asia Pacific.

For segment purposes, reimbursements of out-of-pocket expenses classified as revenue, restructuring charges and other operating income are reported separately and, therefore, are not included in the results of each geographic region. The Company believes that analyzing trends in revenue before reimbursements (net revenue) and operating income (loss) excluding restructuring charges and other operating income more appropriately reflects the Company's core operations. In the second quarter of 2010, restructuring charges of $0.7 million were recorded in the Americas region and other operating income of $1.1 million was recorded in the European region.

Certain prior year figures, provided for the purposes of comparison, have been adjusted to conform to the current year's presentation.

The revenue, operating income (loss), depreciation, and capital expenditures, by segment, are as follows:


	Three Months Ended June 30,						Six Months Ended June 30,
	2011			2010			2011			2010
Revenue:
Americas	$	76,745		$	65,062		$	140,222		$	122,576
Europe		34,512			31,721			62,078			64,524
Asia Pacific		31,542			29,288			56,121			52,639

Revenue before reimbursements (net revenue)		142,799			126,071			258,421			239,739
Reimbursements		6,815			4,589			12,072			9,275

Total	$	149,614		$	130,660		$	270,493		$	249,014

Operating income (loss):
Americas	$	18,729		$	13,822		$	26,377		$	18,222
Europe		(2,365	)		486			(4,422	)		(3,504	)
Asia Pacific		4,863			7,051			7,405			10,372

Total regions		21,227			21,359			29,360			25,090
Global Operations Support		(10,917	)		(14,137	)		(23,138	)		(21,644	)

Operating income before restructuring charges and other operating income		10,310			7,222			6,222			3,446
Restructuring charges		—			(701	)		—			(701	)
Other operating income		—			1,072			—			1,072

Total	$	10,310		$	7,593		$	6,222		$	3,817

Depreciation:
Americas	$	932		$	803		$	1,691		$	1,764
Europe		512			564			1,018			2,953
Asia Pacific		261			493			608			1,056

Total regions		1,705			1,860			3,317			5,773
Global Operations Support		177			33			351			63

Total	$	1,882		$	1,893		$	3,668		$	5,836

Capital expenditures:
Americas	$	2,761		$	1,853		$	4,475		$	2,463
Europe		1,512			6,426			2,272			8,513
Asia Pacific		325			223			920			352

Total regions		4,598			8,502			7,667			11,328
Global Operations Support		762			40			2,120			81

Total	$	5,360		$	8,542		$	9,787		$	11,409

Identifiable assets, and goodwill and other intangible assets, net, by segment, are as follows:


	June 30, 2011		December 31, 2010
Identifiable assets:
Americas	$	273,572	$	279,096
Europe		134,922		142,145
Asia Pacific		105,330		120,011

Total regions		513,824		541,252
Global Operations Support		4,659		3,775

Total	$	518,483	$	545,027

Goodwill and other intangible assets, net:
Americas	$	85,882	$	82,353
Europe		27,431		25,657
Asia Pacific		8,731		8,358

Total	$	122,044	$	116,368

- 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 Statement of Financial Accounting Standard (FAS)
-Number 131
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

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+ Details

Fair Value Measurements

6 Months Ended

Jun. 30, 2011

Fair Value Measurements

Fair Value Measurements

7. Fair Value Measurements

Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. A three-level fair value hierarchy prioritizes the inputs used to measure fair value. The hierarchy requires entities to maximize the use of observable inputs and minimize the use of unobservable inputs. The three levels of inputs used to measure fair value are as follows:

•

Level 1 – Quoted prices in active markets for identical assets and liabilities.

•

Level 2 – Quoted prices in active markets for similar assets and liabilities, or other inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument.

•

Level 3 – Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets and liabilities. This includes certain pricing models, discounted cash flow methodologies and similar techniques that use significant unobservable inputs.

Substantially all of the Company's assets that are measured at fair value on a recurring basis are measured using Level 1 inputs. The Company considers the recorded value of its financial assets and liabilities, which consist primarily of cash and cash equivalents, accounts receivable, and accounts payable, to approximate the fair value of the respective assets and liabilities at June 30, 2011 and December 31, 2010 based upon the short-term nature of the assets and liabilities.

- 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

Reference 1: http://www.xbrl.org/2003/role/presentationRef
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-Name Statement of Financial Accounting Standard (FAS)
-Number 133
-Paragraph 44A, 44B
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
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Reference 4: http://www.xbrl.org/2003/role/presentationRef
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Reference 5: http://www.xbrl.org/2003/role/presentationRef
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Reference 6: http://www.xbrl.org/2003/role/presentationRef
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Reference 7: http://www.xbrl.org/2003/role/presentationRef
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+ Details

Document and Entity Information - shares	6 Months Ended
Document and Entity Information - shares	Jun. 30, 2011	Jul. 26, 2011
Document and Entity Information
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2011
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2011
Entity Registrant Name	HEIDRICK & STRUGGLES INTERNATIONAL INC
Entity Central Index Key	0001066605
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		17,839,077

Income Taxes

6 Months Ended

Jun. 30, 2011

Income Taxes

Income Taxes

13. Income Taxes

In the second quarter of 2011, the Company reported income before taxes of $11.0 million and recorded an income tax provision of $3.6 million. The Company's effective income tax rate for the second quarter of 2011 was 32.5%, which reflects an adjusted full-year expected annualized tax rate of approximately 46 percent, up from the first quarter 2011 adjusted full-year expected annualized tax rate of approximately 37 percent. The increase in the anticipated full-year annualized tax rate from the first quarter is primarily due to a change in the projection and mix of income earned worldwide.

For the first six months of 2011, the Company reported income before taxes of $5.1 million and recorded an income tax provision of $2.3 million. The Company's effective income tax rate for the six months ended June 30, 2011 was 45.7%, up from a tax benefit rate in the first quarter of 21.1%. The change to the tax rate from the first quarter was a result of a change in the projection and mix of income earned worldwide.

In the second quarter of 2010, the Company reported income before taxes of $5.3 million and recorded an income tax provision of $2.7 million. The Company's effective income tax rate for the second quarter of 2010 was 49.9%.

For the first six months of 2010, the Company reported income before taxes of $1.8 million and recorded an income tax provision of $0.7 million. The Company's effective income tax rate for the six months ended June 30, 2010 was 38.8%.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 08
-Paragraph h
-Article 4

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-Number 109
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Reference 3: http://www.xbrl.org/2003/role/presentationRef
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+ Details

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2011	Dec. 31, 2010
Condensed Consolidated Balance Sheets
Accounts receivable, allowance for doubtful accounts	$ 6,502	$ 6,589
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	0	0
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	19,585,777	19,585,777
Common stock, shares outstanding	17,839,077	17,558,098
Treasury stock, shares	1,746,770	2,027,679

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2011	Jun. 30, 2010
Cash flows from operating activities:
Net income	$ 2,768	$ 1,126
Adjustments to reconcile net income to net cash used in operating activities:
Depreciation and amortization	4,311	7,195
Write-off of investment	2,810
Deferred income taxes	(1,250)	1,055
Net realized losses on investments	255	233
Stock-based compensation expense	3,148	4,509
Other operating income		(1,072)
Allowance for doubtful accounts	(259)	993
Restructuring charges		701
Cash paid for restructuring charges	(560)	(1,820)
Changes in assets and liabilities:
Trade and other receivables	(25,597)	(37,147)
Accounts payable	2,046	3,193
Accrued expenses	(41,738)	16,743
Income taxes payable, net	(3,253)	(2,352)
Retirement and pension assets and liabilities	582	351
Prepayments	(3,579)	(2,289)
Other assets and liabilities, net	(1,333)	309
Net cash used in operating activities	(61,649)	(8,272)
Cash flows from investing activities:
Restricted cash	(692)	2,762
Acquisition of businesses, net of cash acquired		(554)
Capital expenditures	(9,787)	(11,409)
Purchases of available for sale investments	(607)	(434)
Proceeds from sale of available for sale investments	30	208
Loan to equity method investment	(1,008)
Net cash used in investing activities	(12,064)	(9,427)
Cash flows from financing activities:
Cash dividends paid	(5,056)	(5,085)
Payment of employee tax withholdings on equity transactions	(2,749)	(4,546)
Net cash used in financing activities	(7,805)	(9,631)
Effect of exchange rates fluctuations on cash and cash equivalents	3,472	(3,107)
Net decrease in cash and cash equivalents	(78,046)	(30,437)
Cash and cash equivalents at beginning of period	181,124	123,030
Cash and cash equivalents at end of period	$ 103,078	$ 92,593

Basic and Diluted Earnings Per Common Share

6 Months Ended

Jun. 30, 2011

Basic and Diluted Earnings Per Common Share

Basic and Diluted Earnings Per Common Share

10. Basic and Diluted Earnings Per Common Share

A reconciliation of the basic and diluted earnings per common share, and the shares used in the computation, are as follows:


	Three Months Ended June 30,				Six Months Ended June 30,
	2011		2010		2011		2010
Net income	$	7,429	$	2,672	$	2,768	$	1,126
Weighted average common shares outstanding		17,803		17,487		17,714		17,337
Dilutive common shares		152		372		281		559

Weighted average diluted common shares outstanding		17,955		17,859		17,995		17,896

Basic earnings per common share	$	0.42	$	0.15	$	0.16	$	0.06
Diluted earnings per common share	$	0.41	$	0.15	$	0.15	$	0.06

Options to purchase 0.1 million and 0.4 million shares of common stock that were outstanding at June 30, 2011 and 2010, respectively, were excluded from the respective computations of diluted earnings per share as the exercise prices of these options were greater than the average market price of the common shares.

Components of Net Periodic Benefit Cost

6 Months Ended

Jun. 30, 2011

Components of Net Periodic Benefit Cost

Components of Net Periodic Benefit Cost

9. Components of Net Periodic Benefit Cost

The Company maintains a pension plan for certain employees in Germany. The pensions are individually fixed euro amounts that vary depending on the function and the eligible years of service of the employee.

The components of net periodic benefit cost are as follows:


	Three Months Ended June 30,						Six Months Ended June 30,
	2011			2010			2011			2010
Service cost	$	39		$	31		$	76		$	65
Interest cost		314			278			612			577
Amortization of net gain		(95	)		(151	)		(185	)		(314	)

Net periodic benefit cost	$	258		$	158		$	503		$	328

The pension benefits are fully reinsured through a group insurance contract with ERGO Lebensversicherung AG. The change in the fair value of these assets approximates the net periodic benefit cost for the three and six months ended June 30, 2011.

Guarantees

6 Months Ended

Jun. 30, 2011

Guarantees

Guarantees

15. Guarantees

The Company has issued guarantees supporting the payment of office lease obligations for certain of its subsidiaries in Europe and Asia Pacific. The guarantees were made to secure the respective lease agreements and are for the terms of the lease agreements, which extend through 2019. For each guarantee issued, should the subsidiary default on a lease payment, the Company would have to perform under the guarantee. The maximum amount of undiscounted payments the Company would be required to make in the event of default on all outstanding guarantees is approximately $2.9 million as of June 30, 2011. The Company has not accrued for these guarantee arrangements as no event of default exists or is expected to exist.

Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2011	Jun. 30, 2010	Jun. 30, 2011	Jun. 30, 2010
Revenue:
Revenue before reimbursements (net revenue)	$ 142,799	$ 126,071	$ 258,421	$ 239,739
Reimbursements	6,815	4,589	12,072	9,275
Total revenue	149,614	130,660	270,493	249,014
Operating expenses:
Salaries and employee benefits	99,219	85,995	187,600	169,125
General and administrative expenses	33,270	32,854	64,599	62,950
Other charges				4,218
Reimbursed expenses	6,815	4,589	12,072	9,275
Restructuring charges		701		701
Other operating income		(1,072)		(1,072)
Total operating expenses	139,304	123,067	264,271	245,197
Operating income	10,310	7,593	6,222	3,817
Non-operating income (expense):
Interest income, net	258	188	553	416
Other, net	441	(2,448)	(1,674)	(2,394)
Net non-operating income (expense)	699	(2,260)	(1,121)	(1,978)
Income before income taxes	11,009	5,333	5,101	1,839
Provision for income taxes	3,580	2,661	2,333	713
Net income	$ 7,429	$ 2,672	$ 2,768	$ 1,126
Basic weighted average common shares outstanding	17,803	17,487	17,714	17,337
Diluted weighted average common shares outstanding	17,955	17,859	17,995	17,896
Basic earnings per common share	$ 0.42	$ 0.15	$ 0.16	$ 0.06
Diluted earnings per common share	0.41	0.15	0.15	0.06
Cash dividends paid per share	$ 0.13	$ 0.13	$ 0.26	$ 0.26

Other Current and Non-Current Liabilities

6 Months Ended

Jun. 30, 2011

Other Current and Non-Current Liabilities

Other Current and Non-Current Liabilities

12. Other Current and Non-Current Liabilities

The components of other current liabilities are as follows:


	June 30, 2011		December 31, 2010
Deferred revenue	$	21,558	$	16,639
Earnout payments		4,127		363
Sales and value-added taxes		3,054		4,744
Dividend payable		2,320		2,283
Accounting and legal fees		1,862		1,927
Pension liability		1,519		1,401
Premise related costs		1,356		920
Restructuring charges		423		850
Other		4,794		4,937

Total other current liabilities	$	41,013	$	34,064

The components of other non-current liabilities are as follows:


	June 30, 2011		December 31, 2010
Accrued salaries and employee benefits	$	21,855	$	26,084
Premise related costs		14,356		15,240
Restructuring charges		1,448		1,549
Earnout payments		371		759
Other		3,425		3,383

Total other non-current liabilities	$	41,455	$	47,015

Summary of Significant Accounting Policies

6 Months Ended

Jun. 30, 2011

Summary of Significant Accounting Policies

Summary of Significant Accounting Policies

2. Summary of Significant Accounting Policies

A complete listing of the Company's significant accounting policies is discussed in Note 2, Summary of Significant Accounting Policies, in the Notes to Consolidated Financial Statements included in the Company's Annual Report on Form 10-K for the year ended December 31, 2010, as filed with the SEC on March 16, 2011.

Recently Adopted Accounting Standards

On January 1, 2011, the Company adopted guidance which expands the required disclosures about fair value measurements. This guidance requires disclosures about transfers of investments between levels in the fair value hierarchy and disclosures relating to the reconciliation of fair value measurements using significant unobservable inputs (level 3 investments). The adoption of this guidance did not have a material impact on the Company's financial condition or results of operations.

Recently Issued Accounting Standards

In June 2011, the Financial Accounting Standards Board issued guidance to increase the prominence of other comprehensive income within the financial statements. The guidance requires entities to present the components of net income and other comprehensive income either in a single continuous statement or in two separate, but consecutive, statements of net income and other comprehensive income. The option to present other comprehensive income within the statement of stockholders' equity will be eliminated. This guidance is effective for the Company as of January 1, 2012 and will be applied retrospectively beginning with the March 31, 2012 interim reporting period. The Company does not believe adoption of this guidance will have any impact on its financial condition or results of operations.

Property and Equipment

6 Months Ended

Jun. 30, 2011

Property and Equipment

Property and Equipment

4. Property and Equipment

The components of the Company's property and equipment are as follows:


	June 30, 2011			December 31, 2010
Leasehold improvements	$	47,763		$	41,556
Office furniture, fixtures and equipment		25,821			23,588
Computer equipment and software		39,477			35,279

Property and equipment, gross		113,061			100,423
Accumulated depreciation		(70,723	)		(66,017	)

Property and equipment, net	$	42,338		$	34,406

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

+ References + Details

Consolidated Statement of Stockholders' Equity and Comprehensive Income (Parenthetical)	6 Months Ended
	Jun. 30, 2011 $ / shares
Consolidated Statement of Stockholders' Equity and Comprehensive Income
Cash dividends declared	$ 0.26

Stock-based Compensation

6 Months Ended

Jun. 30, 2011

Stock-based Compensation

Stock-based Compensation

3. Stock-based Compensation

The Company measures its stock-based compensation costs based on the grant date fair value of the awards and recognizes these costs in the financial statements over the requisite service period.

A summary of information with respect to stock-based compensation is as follows:


	Three Months Ended June 30,				Six Months Ended June 30,
	2011		2010		2011		2010
Total stock-based compensation expense included in net income	$	1,410	$	1,095	$	3,148	$	4,509
Income tax benefit related to stock-based compensation included in net income	$	596	$	438	$	1,331	$	1,804

Restricted Stock Units

Restricted stock unit activity for the six months ended June 30, 2011:


	Number of Restricted Stock Units			Weighted- Average Grant-date Fair Value
Outstanding on December 31, 2010		713,394		$	26.52
Granted		193,587			25.12
Vested and converted to common stock		(365,172	)		28.68
Forfeited		(34,524	)		26.33

Outstanding on June 30, 2011		507,285		$	24.45

As of June 30, 2011, there was $8.0 million of pre-tax unrecognized compensation expense related to unvested restricted stock units, which is expected to be recognized over a weighted average of 2.2 years.

Performance Stock Units

Performance stock unit activity for the six months ended June 30, 2011:


	Number of Performance Stock Units			Weighted- Average Grant-date Fair Value
Outstanding on December 31, 2010		112,523		$	22.03
Granted		51,049			27.18
Vested and converted to common stock		—			—
Forfeited		(23,342	)		23.45

Outstanding on June 30, 2011		140,230		$	23.67

As of June 30, 2011, there was $1.7 million of pre-tax unrecognized compensation expense related to unvested performance stock units, which is expected to be recognized over a weighted average of 2.1 years.

- Definition

Tabular disclosure of components of a stock option or other award plan under which equity-based compensation is awarded to employees, typically comprised of the amount of unearned compensation (deferred compensation cost), compensation expense, and changes in the quantity and fair value of the shares (or other type of equity) granted, exercised, forfeited, and issued and outstanding pertaining to that plan. Disclosure may also include nature and general terms of such arrangements that existed during the period and potential effects of those arrangements on shareholders, effect of compensation cost arising from equity-based payment arrangements on the income statement, method of estimating the fair value of the goods or services received, or the fair value of the equity instruments granted, during the period, cash flow effects resulting from equity-based payment arrangements and, for registrants that accelerate vesting of out of the money share options, reasons for the decision to accelerate.

+ References + Details

Restricted Cash

6 Months Ended

Jun. 30, 2011

Restricted Cash

Restricted Cash

5. Restricted Cash

The Company had $2.9 million and $2.0 million of restricted cash at June 30, 2011 and December 31, 2010, respectively, in support of lease guarantees. In accordance with the terms of the lease agreements, the cash balances are restricted through the termination dates of the leases, which extend through 2019.