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Operating Segments (Tables)
6 Months Ended
Jun. 30, 2021
Segment Reporting [Abstract]  
Schedule of Information by Reportable Segment

The Company provides information by reportable segment in the tables below (in thousands):

 

 

 

Research Segment

 

 

Consulting Segment

 

 

Events Segment

 

 

Consolidated

 

Three Months Ended June 30, 2021

 

 

 

 

 

 

 

 

 

 

 

 

Research revenues

 

$

81,002

 

 

$

 

 

$

 

 

$

81,002

 

Consulting revenues

 

 

12,842

 

 

 

28,118

 

 

 

 

 

 

40,960

 

Events revenues

 

 

 

 

 

 

 

 

6,708

 

 

 

6,708

 

Total segment revenues

 

 

93,844

 

 

 

28,118

 

 

 

6,708

 

 

 

128,670

 

Segment expenses

 

 

(29,417

)

 

 

(12,851

)

 

 

(3,032

)

 

 

(45,300

)

Selling, marketing, administrative and other expenses

 

 

 

 

 

 

 

 

 

 

 

(66,103

)

Amortization of intangible assets

 

 

 

 

 

 

 

 

 

 

 

(3,968

)

Integration costs

 

 

 

 

 

 

 

 

 

 

 

(216

)

Interest expense, other expense, and gains on investments

 

 

 

 

 

 

 

 

 

 

 

(1,267

)

Income before income taxes

 

 

 

 

 

 

 

 

 

 

$

11,816

 

 

 

 

Research Segment

 

 

Consulting Segment

 

 

Events Segment

 

 

Consolidated

 

Three Months Ended June 30, 2020

 

 

 

 

 

 

 

 

 

 

 

 

Research revenues

 

$

75,034

 

 

$

 

 

$

 

 

$

75,034

 

Consulting revenues

 

 

11,928

 

 

 

21,547

 

 

 

 

 

 

33,475

 

Events revenues

 

 

 

 

 

 

 

 

5,032

 

 

 

5,032

 

Total segment revenues

 

 

86,962

 

 

 

21,547

 

 

 

5,032

 

 

 

113,541

 

Segment expenses

 

 

(25,870

)

 

 

(10,099

)

 

 

(3,206

)

 

 

(39,175

)

Selling, marketing, administrative and other expenses

 

 

 

 

 

 

 

 

 

 

 

(57,810

)

Amortization of intangible assets

 

 

 

 

 

 

 

 

 

 

 

(4,713

)

Integration costs

 

 

 

 

 

 

 

 

 

 

 

(612

)

Interest expense, other expense, and gains on investments

 

 

 

 

 

 

 

 

 

 

 

844

 

Income before income taxes

 

 

 

 

 

 

 

 

 

 

$

12,075

 

 

 

 

Research Segment

 

 

Consulting Segment

 

 

Events Segment

 

 

Consolidated

 

Six Months Ended June 30, 2021

 

 

 

 

 

 

 

 

 

 

 

 

Research revenues

 

$

155,970

 

 

$

 

 

$

 

 

$

155,970

 

Consulting revenues

 

 

25,573

 

 

 

53,937

 

 

 

 

 

 

79,510

 

Events revenues

 

 

 

 

 

 

 

 

6,971

 

 

 

6,971

 

Total segment revenues

 

 

181,543

 

 

 

53,937

 

 

 

6,971

 

 

 

242,451

 

Segment expenses

 

 

(60,134

)

 

 

(25,176

)

 

 

(3,746

)

 

 

(89,056

)

Selling, marketing, administrative and other expenses

 

 

 

 

 

 

 

 

 

 

 

(124,571

)

Amortization of intangible assets

 

 

 

 

 

 

 

 

 

 

 

(7,871

)

Integration costs

 

 

 

 

 

 

 

 

 

 

 

(334

)

Interest expense, other expense and gains on investments

 

 

 

 

 

 

 

 

 

 

 

(2,866

)

Income before income taxes

 

 

 

 

 

 

 

 

 

 

$

17,753

 

 

 

 

Research Segment

 

 

Consulting Segment

 

 

Events Segment

 

 

Consolidated

 

Six Months Ended June 30, 2020

 

 

 

 

 

 

 

 

 

 

 

 

Research revenues

 

$

149,301

 

 

$

 

 

$

 

 

$

149,301

 

Consulting revenues

 

 

24,510

 

 

 

40,953

 

 

 

 

 

 

65,463

 

Events revenues

 

 

 

 

 

 

 

 

5,122

 

 

 

5,122

 

Total segment revenues

 

 

173,811

 

 

 

40,953

 

 

 

5,122

 

 

 

219,886

 

Segment expenses

 

 

(53,334

)

 

 

(20,120

)

 

 

(3,883

)

 

 

(77,337

)

Selling, marketing, administrative and other expenses

 

 

 

 

 

 

 

 

 

 

 

(117,685

)

Amortization of intangible assets

 

 

 

 

 

 

 

 

 

 

 

(9,425

)

Integration costs

 

 

 

 

 

 

 

 

 

 

 

(3,487

)

Interest expense, other income, and gains on investments

 

 

 

 

 

 

 

 

 

 

 

(371

)

Income before income taxes

 

 

 

 

 

 

 

 

 

 

$

11,581