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Operating Segments (Tables)
9 Months Ended
Sep. 30, 2019
Segment Reporting [Abstract]  
Schedule of Information about Reportable Segments

The Company is providing disaggregated revenue by product in the segment tables below (in thousands). The 2018 amounts have been reclassified to conform to the current presentation.

 

 

 

Products

 

 

Research

 

 

Sirius

Decisions

 

 

Consolidated

 

Three Months Ended September 30, 2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Research services revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Research

 

$

 

 

$

40,315

 

 

$

14,708

 

 

$

55,023

 

Connect

 

 

13,819

 

 

 

 

 

 

437

 

 

 

14,256

 

Analytics

 

 

5,269

 

 

 

 

 

 

 

 

 

5,269

 

Total research services revenues

 

 

19,088

 

 

 

40,315

 

 

 

15,145

 

 

 

74,548

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Advisory services and events revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consulting

 

 

19,298

 

 

 

11,902

 

 

 

1,419

 

 

 

32,619

 

Events

 

 

1,201

 

 

 

 

 

 

228

 

 

 

1,429

 

Total advisory services and events revenues

 

 

20,499

 

 

 

11,902

 

 

 

1,647

 

 

 

34,048

 

Total segment revenues

 

 

39,587

 

 

 

52,217

 

 

 

16,792

 

 

 

108,596

 

Segment expenses

 

 

18,374

 

 

 

13,525

 

 

 

8,672

 

 

 

40,571

 

Contribution margin

 

 

21,213

 

 

 

38,692

 

 

 

8,120

 

 

 

68,025

 

Selling, marketing, administrative and other expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(61,617

)

Amortization of intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(5,654

)

Acquisition and integration costs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(2,394

)

Interest expense, other income and loss on investments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1,794

)

Loss before income taxes

 

 

 

 

 

 

 

 

 

 

 

 

 

$

(3,434

)

 

 

 

Products

 

 

Research

 

 

Sirius

Decisions

 

 

Consolidated

 

Three Months Ended September 30, 2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Research services revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Research

 

$

 

 

$

38,199

 

 

$

 

 

$

38,199

 

Connect

 

 

12,890

 

 

 

 

 

 

 

 

 

12,890

 

Analytics

 

 

5,243

 

 

 

 

 

 

 

 

 

5,243

 

Total research services revenues

 

 

18,133

 

 

 

38,199

 

 

 

 

 

 

56,332

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Advisory services and events revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consulting

 

 

15,888

 

 

 

11,755

 

 

 

 

 

 

27,643

 

Events

 

 

915

 

 

 

 

 

 

 

 

 

915

 

Total advisory services and events revenues

 

 

16,803

 

 

 

11,755

 

 

 

 

 

 

28,558

 

Total segment revenues

 

 

34,936

 

 

 

49,954

 

 

 

 

 

 

84,890

 

Segment expenses

 

 

17,800

 

 

 

13,109

 

 

 

 

 

 

30,909

 

Contribution margin

 

 

17,136

 

 

 

36,845

 

 

 

 

 

 

53,981

 

Selling, marketing, administrative and other expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(47,660

)

Amortization of intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(402

)

Acquisition and integration costs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(977

)

Other income and loss on investments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

302

 

Income before income taxes

 

 

 

 

 

 

 

 

 

 

 

 

 

$

5,244

 

 

 

 

 

 

 

 

 

 

 

 

Sirius

 

 

 

 

 

 

 

Product

 

 

Research

 

 

Decisions

 

 

Consolidated

 

Nine Months Ended September 30, 2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Research services revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Research

 

$

 

 

$

118,258

 

 

$

42,850

 

 

$

161,108

 

Connect

 

 

40,459

 

 

 

 

 

 

1,435

 

 

 

41,894

 

Analytics

 

 

16,434

 

 

 

 

 

 

 

 

 

16,434

 

Total research services revenues

 

 

56,893

 

 

 

118,258

 

 

 

44,285

 

 

 

219,436

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Advisory services and events revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consulting

 

 

56,156

 

 

 

38,173

 

 

 

4,094

 

 

 

98,423

 

Events

 

 

8,422

 

 

 

 

 

 

11,147

 

 

 

19,569

 

Total advisory services and events revenues

 

 

64,578

 

 

 

38,173

 

 

 

15,241

 

 

 

117,992

 

Total segment revenues

 

 

121,471

 

 

 

156,431

 

 

 

59,526

 

 

 

337,428

 

Segment expenses

 

 

59,982

 

 

 

41,301

 

 

 

33,580

 

 

 

134,863

 

Contribution margin

 

 

61,489

 

 

 

115,130

 

 

 

25,946

 

 

 

202,565

 

Selling, marketing, administrative and other expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(185,656

)

Amortization of intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(16,963

)

Acquisition and integration costs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(7,848

)

Interest expense, other expense and losses on investments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(6,631

)

Loss before income taxes

 

 

 

 

 

 

 

 

 

 

 

 

 

$

(14,533

)

 

 

 

 

 

 

 

 

 

 

 

Sirius

 

 

 

 

 

 

 

Products

 

 

Research

 

 

Decisions

 

 

Consolidated

 

Nine Months Ended September 30, 2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Research services revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Research

 

$

 

 

$

113,897

 

 

$

 

 

$

113,897

 

Connect

 

 

37,992

 

 

 

 

 

 

 

 

 

37,992

 

Analytics

 

 

14,443

 

 

 

 

 

 

 

 

 

14,443

 

Total research services revenues

 

 

52,435

 

 

 

113,897

 

 

 

 

 

 

166,332

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Advisory services and events revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consulting

 

 

46,658

 

 

 

37,078

 

 

 

 

 

 

83,736

 

Events

 

 

8,924

 

 

 

 

 

 

 

 

 

8,924

 

Total advisory services and events revenues

 

 

55,582

 

 

 

37,078

 

 

 

 

 

 

92,660

 

Total segment revenues

 

 

108,017

 

 

 

150,975

 

 

 

 

 

 

258,992

 

Segment expenses

 

 

54,841

 

 

 

39,898

 

 

 

 

 

 

94,739

 

Contribution margin

 

 

53,176

 

 

 

111,077

 

 

 

 

 

 

164,253

 

Selling, marketing, administrative and other expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(148,496

)

Amortization of intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(770

)

Acquisition and integration costs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1,306

)

Other income and losses on investments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

410

 

Income before income taxes

 

 

 

 

 

 

 

 

 

 

 

 

 

$

14,091