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

 

 

 

 

 

 

 

 

 

 

 

Project

 

 

 

 

 

 

 

Products

 

 

Research

 

 

Consulting

 

 

Consolidated

 

Three Months Ended September 30, 2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Research services revenues

 

$

52,727

 

 

$

 

 

$

 

 

$

52,727

 

Advisory services and events revenues

 

 

2,333

 

 

 

10,643

 

 

 

11,724

 

 

 

24,700

 

Total segment revenues

 

 

55,060

 

 

 

10,643

 

 

 

11,724

 

 

 

77,427

 

Segment expenses

 

 

8,884

 

 

 

12,548

 

 

 

6,237

 

 

 

27,669

 

Contribution margin (loss)

 

 

46,176

 

 

 

(1,905

)

 

 

5,487

 

 

 

49,758

 

Selling, marketing, administrative and other expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(41,998

)

Amortization of intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(208

)

Reorganization costs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(856

)

Income before income taxes

 

 

 

 

 

 

 

 

 

 

 

 

 

$

6,696

 

 

 

 

 

 

 

 

 

 

 

 

Project

 

 

 

 

 

 

 

Products

 

 

Research

 

 

Consulting

 

 

Consolidated

 

Three Months Ended September 30, 2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Research services revenues

 

$

52,205

 

 

$

 

 

$

 

 

$

52,205

 

Advisory services and events revenues

 

 

2,041

 

 

 

9,804

 

 

 

10,703

 

 

 

22,548

 

Total segment revenues

 

 

54,246

 

 

 

9,804

 

 

 

10,703

 

 

 

74,753

 

Segment expenses

 

 

7,918

 

 

 

12,711

 

 

 

6,811

 

 

 

27,440

 

Contribution margin (loss)

 

 

46,328

 

 

 

(2,907

)

 

 

3,892

 

 

 

47,313

 

Selling, marketing, administrative and other expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(40,820

)

Amortization of intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(224

)

Reorganization costs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(928

)

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

404

 

Income before income taxes

 

 

 

 

 

 

 

 

 

 

 

 

 

$

5,745

 

 

 

 

 

 

 

 

 

 

 

 

 

Project

 

 

 

 

 

 

 

Products

 

 

Research

 

 

Consulting

 

 

Consolidated

 

Nine Months Ended September 30, 2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Research services revenues

 

$

160,998

 

 

$

 

 

$

 

 

$

160,998

 

Advisory services and events revenues

 

 

14,191

 

 

 

33,905

 

 

 

33,555

 

 

 

81,651

 

Total segment revenues

 

 

175,189

 

 

 

33,905

 

 

 

33,555

 

 

 

242,649

 

Segment expenses

 

 

30,306

 

 

 

38,707

 

 

 

20,039

 

 

 

89,052

 

Contribution margin (loss)

 

 

144,883

 

 

 

(4,802

)

 

 

13,516

 

 

 

153,597

 

Selling, marketing, administrative and other expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(130,208

)

Amortization of intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(627

)

Reorganization costs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1,026

)

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(765

)

Income before income taxes

 

 

 

 

 

 

 

 

 

 

 

 

 

$

20,971

 

 

 

 

 

 

 

 

 

 

 

 

Project

 

 

 

 

 

 

 

Products

 

 

Research

 

 

Consulting

 

 

Consolidated

 

Nine Months Ended September 30, 2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Research services revenues

 

$

156,667

 

 

$

 

 

$

 

 

$

156,667

 

Advisory services and events revenues

 

 

12,763

 

 

 

31,454

 

 

 

31,867

 

 

 

76,084

 

Total segment revenues

 

 

169,430

 

 

 

31,454

 

 

 

31,867

 

 

 

232,751

 

Segment expenses

 

 

27,799

 

 

 

38,467

 

 

 

20,544

 

 

 

86,810

 

Contribution margin (loss)

 

 

141,631

 

 

 

(7,013

)

 

 

11,323

 

 

 

145,941

 

Selling, marketing, administrative and other expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(126,120

)

Amortization of intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(669

)

Reorganization costs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(4,433

)

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

578

 

Income before income taxes

 

 

 

 

 

 

 

 

 

 

 

 

 

$

15,297