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Operating Segment and Enterprise Wide Reporting (Tables)
12 Months Ended
Dec. 31, 2021
Segment Reporting [Abstract]  
Schedule of Information about Reportable Segments, Disaggregation of Revenue by Product

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Research
Segment

 

 

Consulting
Segment

 

 

Events
Segment

 

 

Consolidated

 

Year Ended December 31, 2021

 

 

 

 

 

 

 

 

 

 

 

 

Research revenues

 

$

325,340

 

 

$

 

 

$

 

 

$

325,340

 

Consulting revenues

 

 

47,247

 

 

 

108,867

 

 

 

 

 

 

156,114

 

Events revenues

 

 

 

 

 

 

 

 

12,861

 

 

 

12,861

 

Total segment revenues

 

 

372,587

 

 

 

108,867

 

 

 

12,861

 

 

 

494,315

 

Segment expenses

 

 

(118,155

)

 

 

(51,770

)

 

 

(8,518

)

 

 

(178,443

)

Selling, marketing, administrative and other expenses

 

 

 

 

 

 

 

 

 

 

 

(261,767

)

Amortization of intangible assets

 

 

 

 

 

 

 

 

 

 

 

(15,129

)

Acquisition and integration costs

 

 

 

 

 

 

 

 

 

 

 

(334

)

Interest expense, other expense, and gains on investments

 

 

 

 

 

 

 

 

 

 

 

(5,451

)

Income before income taxes

 

 

 

 

 

 

 

 

 

 

$

33,191

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Research
Segment

 

 

Consulting
Segment

 

 

Events
Segment

 

 

Consolidated

 

Year Ended December 31, 2020

 

 

 

 

 

 

 

 

 

 

 

 

Research revenues

 

$

301,544

 

 

$

 

 

$

 

 

$

301,544

 

Consulting revenues

 

 

50,406

 

 

 

86,897

 

 

 

 

 

 

137,303

 

Events revenues

 

 

 

 

 

 

 

 

10,137

 

 

 

10,137

 

Total segment revenues

 

 

351,950

 

 

 

86,897

 

 

 

10,137

 

 

 

448,984

 

Segment expenses

 

 

(110,843

)

 

 

(40,168

)

 

 

(8,231

)

 

 

(159,242

)

Selling, marketing, administrative and other expenses

 

 

 

 

 

 

 

 

 

 

 

(248,105

)

Amortization of intangible assets

 

 

 

 

 

 

 

 

 

 

 

(19,683

)

Acquisition and integration costs

 

 

 

 

 

 

 

 

 

 

 

(5,779

)

Interest expense, other expense, and gains on investments

 

 

 

 

 

 

 

 

 

 

 

(3,242

)

Income before income taxes

 

 

 

 

 

 

 

 

 

 

$

12,933

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Research
Segment

 

 

Consulting
Segment

 

 

Events
Segment

 

 

Consolidated

 

Year Ended December 31, 2019

 

 

 

 

 

 

 

 

 

 

 

 

Research revenues

 

$

303,801

 

 

$

 

 

$

 

 

$

303,801

 

Consulting revenues

 

 

55,812

 

 

 

75,074

 

 

 

 

 

 

130,886

 

Events revenues

 

 

 

 

 

 

 

 

27,010

 

 

 

27,010

 

Total segment revenues

 

 

359,613

 

 

 

75,074

 

 

 

27,010

 

 

 

461,697

 

Segment expenses

 

 

(120,882

)

 

 

(38,192

)

 

 

(18,968

)

 

 

(178,042

)

Selling, marketing, administrative and other expenses

 

 

 

 

 

 

 

 

 

 

 

(253,163

)

Amortization of intangible assets

 

 

 

 

 

 

 

 

 

 

 

(22,619

)

Acquisition and integration costs

 

 

 

 

 

 

 

 

 

 

 

(8,948

)

Interest expense, other expense, and gains on investments

 

 

 

 

 

 

 

 

 

 

 

(8,524

)

Loss before income taxes

 

 

 

 

 

 

 

 

 

 

$

(9,599

)

 

 

Schedule of Net Long-lived Tangible Assets by Location Net long-lived tangible assets by location as of December 31, 2021 and 2020 are as follows (in thousands):

 

 

 

2021

 

 

2020

 

United States

 

$

76,966

 

 

$

87,126

 

United Kingdom

 

 

10,667

 

 

 

1,216

 

Europe (excluding United Kingdom)

 

 

316

 

 

 

667

 

Asia Pacific

 

 

5,305

 

 

 

7,319

 

Total

 

$

93,254

 

 

$

96,328

 

Schedule of Revenues by Geographic Destination, Based on Location Products and Services and as a Percentage of Total Revenues

Revenues by geographic destination, based on the location products and services are consumed, and as a percentage of total revenues for the years ended December 31, 2021, 2020, and 2019 are as follows (dollars in thousands):

 

 

 

2021

 

 

2020

 

 

2019

 

United States

 

$

381,662

 

 

$

356,288

 

 

$

362,867

 

Europe (excluding United Kingdom)

 

 

41,264

 

 

 

34,897

 

 

 

32,585

 

United Kingdom

 

 

21,913

 

 

 

15,741

 

 

 

21,316

 

Canada

 

 

17,213

 

 

 

14,005

 

 

 

17,246

 

Asia Pacific

 

 

26,768

 

 

 

22,969

 

 

 

22,842

 

Other

 

 

5,495

 

 

 

5,084

 

 

 

4,841

 

Total

 

$

494,315

 

 

$

448,984

 

 

$

461,697

 

 

 

 

2021

 

 

2020

 

 

2019

 

United States

 

 

77

%

 

 

79

%

 

 

79

%

Europe (excluding United Kingdom)

 

 

9

 

 

 

8

 

 

 

7

 

United Kingdom

 

 

5

 

 

 

4

 

 

 

4

 

Canada

 

 

3

 

 

 

3

 

 

 

4

 

Asia Pacific

 

 

5

 

 

 

5

 

 

 

5

 

Other

 

 

1

 

 

 

1

 

 

 

1

 

Total

 

 

100

%

 

 

100

%

 

 

100

%