XML 44 R28.htm IDEA: XBRL DOCUMENT v3.8.0.1
Operating Segment and Enterprise Wide Reporting (Tables)
12 Months Ended
Dec. 31, 2017
Segment Reporting [Abstract]  
Schedule of Information about Reportable Segments

The following tables present information about reportable segments (in thousands):

 

 

 

 

 

 

 

 

 

 

 

Project

 

 

 

 

 

 

 

Product

 

 

Research

 

 

Consulting

 

 

Consolidated

 

Year Ended December 31, 2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Research services revenues

 

$

216,471

 

 

$

 

 

$

 

 

$

216,471

 

Advisory services and events revenues

 

 

21,887

 

 

 

45,054

 

 

 

54,261

 

 

 

121,202

 

Total segment revenues

 

 

238,358

 

 

 

45,054

 

 

 

54,261

 

 

 

337,673

 

Segment expenses

 

 

45,205

 

 

 

48,812

 

 

 

25,477

 

 

 

119,494

 

Contribution margin (loss)

 

 

193,153

 

 

 

(3,758

)

 

 

28,784

 

 

 

218,179

 

Selling, marketing, administrative and other expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(189,849

)

Amortization of intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(781

)

Reorganization costs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other income and losses on investments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(178

)

Income before income taxes

 

 

 

 

 

 

 

 

 

 

 

 

 

$

27,371

 

 

 

 

 

 

 

 

 

 

 

 

Project

 

 

 

 

 

 

 

Product

 

 

Research

 

 

Consulting

 

 

Consolidated

 

Year Ended December 31, 2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Research services revenues

 

$

215,216

 

 

$

 

 

$

 

 

$

215,216

 

Advisory services and events revenues

 

 

20,374

 

 

 

44,631

 

 

 

45,874

 

 

 

110,879

 

Total segment revenues

 

 

235,590

 

 

 

44,631

 

 

 

45,874

 

 

 

326,095

 

Segment expenses

 

 

41,528

 

 

 

47,496

 

 

 

23,141

 

 

 

112,165

 

Contribution margin (loss)

 

 

194,062

 

 

 

(2,865

)

 

 

22,733

 

 

 

213,930

 

Selling, marketing, administrative and other expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(181,299

)

Amortization of intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(831

)

Reorganization costs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1,026

)

Other income and losses on investments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(65

)

Income before income taxes

 

 

 

 

 

 

 

 

 

 

 

 

 

$

30,709

 

 

 

 

 

 

 

 

 

 

 

 

Project

 

 

 

 

 

 

 

Product

 

 

Research

 

 

Consulting

 

 

Consolidated

 

Year Ended December 31, 2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Research services revenues

 

$

210,268

 

 

$

 

 

$

 

 

$

210,268

 

Advisory services and events revenues

 

 

17,512

 

 

 

42,422

 

 

 

43,524

 

 

 

103,458

 

Total segment revenues

 

 

227,780

 

 

 

42,422

 

 

 

43,524

 

 

 

313,726

 

Segment expenses

 

 

38,615

 

 

 

48,277

 

 

 

23,292

 

 

 

110,184

 

Contribution margin (loss)

 

 

189,165

 

 

 

(5,855

)

 

 

20,232

 

 

 

203,542

 

Selling, marketing, administrative and other expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(179,391

)

Amortization of intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(891

)

Reorganization costs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(4,433

)

Other income and losses on investments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

493

 

Income before income taxes

 

 

 

 

 

 

 

 

 

 

 

 

 

$

19,320

 

 

Schedule of Net Long-lived Tangible Assets by Location

Net long-lived tangible assets by location as of December 31, 2017 and 2016 are as follows (in thousands):

 

 

 

2017

 

 

2016

 

United States

 

$

23,943

 

 

$

22,150

 

United Kingdom

 

 

727

 

 

 

782

 

Europe (excluding United Kingdom)

 

 

163

 

 

 

259

 

Other

 

 

416

 

 

 

703

 

Total

 

$

25,249

 

 

$

23,894

 

 

Schedule of Revenues by Geographic Destination and as a Percentage of Total Revenues

Revenues by geographic destination and as a percentage of total revenues for the years ended December 31, 2017, 2016, and 2015 are as follows (dollars in thousands):

 

 

 

2017

 

 

2016

 

 

2015

 

United States

 

$

260,077

 

 

$

252,222

 

 

$

241,025

 

Europe (excluding United Kingdom)

 

 

28,525

 

 

 

27,061

 

 

 

24,607

 

United Kingdom

 

 

13,651

 

 

 

14,808

 

 

 

16,815

 

Canada

 

 

14,523

 

 

 

13,806

 

 

 

14,424

 

Other

 

 

20,897

 

 

 

18,198

 

 

 

16,855

 

Total

 

$

337,673

 

 

$

326,095

 

 

$

313,726

 

 

 

 

2017

 

 

2016

 

 

2015

 

United States

 

 

77

%

 

 

77

%

 

 

77

%

Europe (excluding United Kingdom)

 

 

9

 

 

 

8

 

 

 

8

 

United Kingdom

 

 

4

 

 

 

5

 

 

 

5

 

Canada

 

 

4

 

 

 

4

 

 

 

5

 

Other

 

 

6

 

 

 

6

 

 

 

5

 

Total

 

 

100

%

 

 

100

%

 

 

100

%