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Operating Segments (Tables)
9 Months Ended
Sep. 30, 2022
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 September 30, 2022

 

 

 

 

 

 

 

 

 

 

 

 

Research revenues

 

$

87,038

 

 

$

 

 

$

 

 

$

87,038

 

Consulting revenues

 

 

9,015

 

 

 

28,367

 

 

 

 

 

 

37,382

 

Events revenues

 

 

 

 

 

 

 

 

3,259

 

 

 

3,259

 

Total segment revenues

 

 

96,053

 

 

 

28,367

 

 

 

3,259

 

 

 

127,679

 

Segment expenses

 

 

(33,058

)

 

 

(14,747

)

 

 

(3,377

)

 

 

(51,182

)

Selling, marketing, administrative and other expenses

 

 

 

 

 

 

 

 

 

 

 

(64,588

)

Amortization of intangible assets

 

 

 

 

 

 

 

 

 

 

 

(3,352

)

Interest expense, other income, and gains on investments

 

 

 

 

 

 

 

 

 

 

 

(238

)

Income before income taxes

 

 

 

 

 

 

 

 

 

 

$

8,319

 

 

 

 

Research Segment

 

 

Consulting Segment

 

 

Events Segment

 

 

Consolidated

 

Three Months Ended September 30, 2021

 

 

 

 

 

 

 

 

 

 

 

 

Research revenues

 

$

79,876

 

 

$

 

 

$

 

 

$

79,876

 

Consulting revenues

 

 

10,587

 

 

 

26,806

 

 

 

 

 

 

37,393

 

Events revenues

 

 

 

 

 

 

 

 

867

 

 

 

867

 

Total segment revenues

 

 

90,463

 

 

 

26,806

 

 

 

867

 

 

 

118,136

 

Segment expenses

 

 

(28,657

)

 

 

(13,061

)

 

 

(2,888

)

 

 

(44,606

)

Selling, marketing, administrative and other expenses

 

 

 

 

 

 

 

 

 

 

 

(63,295

)

Amortization of intangible assets

 

 

 

 

 

 

 

 

 

 

 

(3,696

)

Interest expense, other expense, and gains on investments

 

 

 

 

 

 

 

 

 

 

 

(1,251

)

Income before income taxes

 

 

 

 

 

 

 

 

 

 

$

5,288

 

 

 

 

Research Segment

 

 

Consulting Segment

 

 

Events Segment

 

 

Consolidated

 

Nine Months Ended September 30, 2022

 

 

 

 

 

 

 

 

 

 

 

 

Research revenues

 

$

262,265

 

 

$

 

 

$

 

 

$

262,265

 

Consulting revenues

 

 

31,126

 

 

 

83,949

 

 

 

 

 

 

115,075

 

Events revenues

 

 

 

 

 

 

 

 

23,556

 

 

 

23,556

 

Total segment revenues

 

 

293,391

 

 

 

83,949

 

 

 

23,556

 

 

 

400,896

 

Segment expenses

 

 

(100,135

)

 

 

(43,123

)

 

 

(16,179

)

 

 

(159,437

)

Selling, marketing, administrative and other expenses

 

 

 

 

 

 

 

 

 

 

 

(195,660

)

Amortization of intangible assets

 

 

 

 

 

 

 

 

 

 

 

(10,068

)

Interest expense, other income, and gains on investments

 

 

 

 

 

 

 

 

 

 

 

(1,114

)

Income before income taxes

 

 

 

 

 

 

 

 

 

 

$

34,617

 

 

 

 

Research Segment

 

 

Consulting Segment

 

 

Events Segment

 

 

Consolidated

 

Nine Months Ended September 30, 2021

 

 

 

 

 

 

 

 

 

 

 

 

Research revenues

 

$

235,846

 

 

$

 

 

$

 

 

$

235,846

 

Consulting revenues

 

 

36,160

 

 

 

80,743

 

 

 

 

 

 

116,903

 

Events revenues

 

 

 

 

 

 

 

 

7,838

 

 

 

7,838

 

Total segment revenues

 

 

272,006

 

 

 

80,743

 

 

 

7,838

 

 

 

360,587

 

Segment expenses

 

 

(88,791

)

 

 

(38,237

)

 

 

(8,383

)

 

 

(135,411

)

Selling, marketing, administrative and other expenses

 

 

 

 

 

 

 

 

 

 

 

(186,117

)

Amortization of intangible assets

 

 

 

 

 

 

 

 

 

 

 

(11,567

)

Integration costs

 

 

 

 

 

 

 

 

 

 

 

(334

)

Interest expense, other expense, and gains on investments

 

 

 

 

 

 

 

 

 

 

 

(4,117

)

Income before income taxes

 

 

 

 

 

 

 

 

 

 

$

23,041