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Operating Segments (Tables)
6 Months Ended
Jun. 30, 2016
Segment Reporting [Abstract]  
Schedule of Information about Reportable Segments

 

 

 

 

 

 

 

 

 

 

 

Project

 

 

 

 

 

 

 

Products

 

 

Research

 

 

Consulting

 

 

Consolidated

 

Three Months Ended June 30, 2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Research services revenues

 

$

55,023

 

 

$

 

 

$

 

 

$

55,023

 

Advisory services and events revenues

 

 

9,157

 

 

 

12,676

 

 

 

10,965

 

 

 

32,798

 

Total segment revenues

 

 

64,180

 

 

 

12,676

 

 

 

10,965

 

 

 

87,821

 

Segment expenses

 

 

12,544

 

 

 

12,822

 

 

 

7,022

 

 

 

32,388

 

Contribution margin (loss)

 

 

51,636

 

 

 

(146

)

 

 

3,943

 

 

 

55,433

 

Selling, marketing, administrative and other expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(43,740

)

Amortization of intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(210

)

Reorganization costs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(11

)

Other income (expense) and gains (losses) on investments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

419

 

Income before income taxes

 

 

 

 

 

 

 

 

 

 

 

 

 

$

11,891

 

 

 

 

 

 

 

 

 

 

 

 

Project

 

 

 

 

 

 

 

Products

 

 

Research

 

 

Consulting

 

 

Consolidated

 

Three Months Ended June 30, 2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Research services revenues

 

$

52,604

 

 

$

 

 

$

 

 

$

52,604

 

Advisory services and events revenues

 

 

8,255

 

 

 

11,323

 

 

 

10,629

 

 

 

30,207

 

Total segment revenues

 

 

60,859

 

 

 

11,323

 

 

 

10,629

 

 

 

82,811

 

Segment expenses

 

 

11,532

 

 

 

12,808

 

 

 

6,773

 

 

 

31,113

 

Contribution margin (loss)

 

 

49,327

 

 

 

(1,485

)

 

 

3,856

 

 

 

51,698

 

Selling, marketing, administrative and other expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(41,300

)

Amortization of intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(224

)

Reorganization costs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(81

)

Other income (expense) and gains (losses) on investments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(89

)

Income before income taxes

 

 

 

 

 

 

 

 

 

 

 

 

 

$

10,004

 

 

 

 

 

 

 

 

 

 

 

 

 

Project

 

 

 

 

 

 

 

Products

 

 

Research

 

 

Consulting

 

 

Consolidated

 

Six Months Ended June 30, 2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Research services revenues

 

$

108,271

 

 

$

 

 

$

 

 

$

108,271

 

Advisory services and events revenues

 

 

11,858

 

 

 

23,262

 

 

 

21,831

 

 

 

56,951

 

Total segment revenues

 

 

120,129

 

 

 

23,262

 

 

 

21,831

 

 

 

165,222

 

Segment expenses

 

 

21,422

 

 

 

26,159

 

 

 

13,802

 

 

 

61,383

 

Contribution margin (loss)

 

 

98,707

 

 

 

(2,897

)

 

 

8,029

 

 

 

103,839

 

Selling, marketing, administrative and other expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(88,210

)

Amortization of intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(419

)

Reorganization costs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1,026

)

Other income (expense) and gains (losses) on investments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

91

 

Income before income taxes

 

 

 

 

 

 

 

 

 

 

 

 

 

$

14,275

 

 

 

 

 

 

 

 

 

 

 

 

Project

 

 

 

 

 

 

 

Products

 

 

Research

 

 

Consulting

 

 

Consolidated

 

Six Months Ended June 30, 2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Research services revenues

 

$

104,462

 

 

$

 

 

$

 

 

$

104,462

 

Advisory services and events revenues

 

 

10,722

 

 

 

21,650

 

 

 

21,164

 

 

 

53,536

 

Total segment revenues

 

 

115,184

 

 

 

21,650

 

 

 

21,164

 

 

 

157,998

 

Segment expenses

 

 

19,881

 

 

 

25,756

 

 

 

13,733

 

 

 

59,370

 

Contribution margin (loss)

 

 

95,303

 

 

 

(4,106

)

 

 

7,431

 

 

 

98,628

 

Selling, marketing, administrative and other expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(85,300

)

Amortization of intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(445

)

Reorganization costs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(3,505

)

Other income (expense) and gains (losses) on investments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

174

 

Income before income taxes

 

 

 

 

 

 

 

 

 

 

 

 

 

$

9,552