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Operating Segment and Enterprise Wide Reporting (Tables)
12 Months Ended
Dec. 31, 2018
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, 2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Research services revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Research

 

$

157,669

 

 

$

—

 

 

$

—

 

 

$

157,669

 

Connect

 

 

50,820

 

 

 

—

 

 

 

—

 

 

 

50,820

 

Analytics

 

 

19,910

 

 

 

—

 

 

 

—

 

 

 

19,910

 

Total research services revenues

 

 

228,399

 

 

 

—

 

 

 

—

 

 

 

228,399

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Advisory services and events revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Advisory services

 

 

—

 

 

 

41,086

 

 

 

478

 

 

 

41,564

 

Consulting services

 

 

8,649

 

 

 

10,027

 

 

 

55,465

 

 

 

74,141

 

Events

 

 

13,471

 

 

 

—

 

 

 

—

 

 

 

13,471

 

Total advisory services and events revenues

 

 

22,120

 

 

 

51,113

 

 

 

55,943

 

 

 

129,176

 

Total segment revenues

 

 

250,519

 

 

 

51,113

 

 

 

55,943

 

 

 

357,575

 

Segment expenses

 

 

50,551

 

 

 

51,129

 

 

 

27,981

 

 

 

129,661

 

Contribution margin (loss)

 

 

199,968

 

 

 

(16

)

 

 

27,962

 

 

 

227,914

 

Selling, marketing, administrative and other expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(200,540

)

Amortization of intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1,162

)

Acquisition and integration costs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(3,787

)

Reorganization costs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

—

 

Other income and gains (losses) on investments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1,100

 

Income before income taxes

 

 

 

 

 

 

 

 

 

 

 

 

 

$

23,525

 

 

 

 

 

 

 

 

 

 

 

 

Project

 

 

 

 

 

 

 

Product

 

 

Research

 

 

Consulting

 

 

Consolidated

 

Year Ended December 31, 2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Research services revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Research

 

$

148,935

 

 

$

—

 

 

$

—

 

 

$

148,935

 

Connect

 

 

48,798

 

 

 

—

 

 

 

—

 

 

 

48,798

 

Analytics

 

 

18,738

 

 

 

—

 

 

 

—

 

 

 

18,738

 

Total research services revenues

 

 

216,471

 

 

 

—

 

 

 

—

 

 

 

216,471

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Advisory services and events revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Advisory services

 

 

—

 

 

 

36,074

 

 

 

320

 

 

 

36,394

 

Consulting services

 

 

10,132

 

 

 

8,980

 

 

 

53,941

 

 

 

73,053

 

Events

 

 

11,755

 

 

 

—

 

 

 

—

 

 

 

11,755

 

Total 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

)

Acquisition and integration costs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

—

 

Reorganization costs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

—

 

Other income and gains (losses) on investments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(178

)

Income before income taxes

 

 

 

 

 

 

 

 

 

 

 

 

 

$

27,371

 

 

 

 

 

 

 

 

 

 

 

 

 

Project

 

 

 

 

 

 

 

Product

 

 

Research

 

 

Consulting

 

 

Consolidated

 

Year Ended December 31, 2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Research services revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Research

 

$

147,576

 

 

$

—

 

 

$

—

 

 

$

147,576

 

Connect

 

 

47,291

 

 

 

—

 

 

 

—

 

 

 

47,291

 

Analytics

 

 

20,349

 

 

 

—

 

 

 

—

 

 

 

20,349

 

Total research services revenues

 

 

215,216

 

 

 

—

 

 

 

—

 

 

 

215,216

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Advisory services and events revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Advisory services

 

 

—

 

 

 

34,392

 

 

 

590

 

 

 

34,982

 

Consulting services

 

 

9,547

 

 

 

10,239

 

 

 

45,284

 

 

 

65,070

 

Events

 

 

10,827

 

 

 

—

 

 

 

—

 

 

 

10,827

 

Total 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

)

Acquisition and integration costs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

—

 

Reorganization costs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1,026

)

Other income and gains (losses) on investments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(65

)

Income before income taxes

 

 

 

 

 

 

 

 

 

 

 

 

 

$

30,709

 

Schedule of Net Long-lived Tangible Assets by Location

Net long-lived tangible assets by location as of December 31, 2018 and 2017 are as follows (in thousands):

 

 

 

 

2018

 

 

2017

 

United States

 

$

20,880

 

 

$

23,943

 

United Kingdom

 

 

522

 

 

 

727

 

Europe (excluding United Kingdom)

 

 

83

 

 

 

163

 

Asia Pacific

 

 

517

 

 

 

413

 

Other

 

 

3

 

 

 

3

 

Total

 

$

22,005

 

 

$

25,249

 

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, 2018, 2017, and 2016 are as follows (dollars in thousands):

 

 

 

2018

 

 

2017

 

 

2016

 

United States

 

 

77

%

 

 

77

%

 

 

77

%

Europe (excluding United Kingdom)

 

 

8

 

 

 

9

 

 

 

8

 

United Kingdom

 

 

4

 

 

 

4

 

 

 

5

 

Canada

 

 

4

 

 

 

4

 

 

 

4

 

Asia Pacific

 

 

5

 

 

 

4

 

 

 

4

 

Other

 

 

2

 

 

 

2

 

 

 

2

 

Total

 

 

100

%

 

 

100

%

 

 

100

%

 

 

 

 

2018

 

 

2017

 

 

2016

 

United States

 

$

274,151

 

 

$

260,077

 

 

$

252,222

 

Europe (excluding United Kingdom)

 

 

29,741

 

 

 

28,525

 

 

 

27,061

 

United Kingdom

 

 

15,273

 

 

 

13,651

 

 

 

14,808

 

Canada

 

 

15,569

 

 

 

14,523

 

 

 

13,806

 

Asia Pacific

 

 

17,839

 

 

 

15,952

 

 

 

13,686

 

Other

 

 

5,002

 

 

 

4,945

 

 

 

4,512

 

Total

 

$

357,575

 

 

$

337,673

 

 

$

326,095