XML 82 R33.htm IDEA: XBRL DOCUMENT v3.20.1
Operating Segment and Enterprise Wide Reporting (Tables)
12 Months Ended
Dec. 31, 2019
Segment Reporting [Abstract]  
Schedule of Information about Reportable Segments, Disaggregation of Revenue by Product

The following tables present information about reportable segments, including the Company’s disaggregation of revenue by product (in thousands):

 

 

 

 

 

 

 

 

 

 

 

Sirius

 

 

 

 

 

 

 

Products

 

 

Research

 

 

Decisions

 

 

Consolidated

 

Year Ended December 31, 2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Research services revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Research

 

$

 

 

$

161,487

 

 

$

57,702

 

 

$

219,189

 

Connect

 

 

54,350

 

 

 

 

 

 

1,874

 

 

 

56,224

 

Analytics

 

 

23,322

 

 

 

 

 

 

 

 

 

23,322

 

Total research services revenues

 

 

77,672

 

 

 

161,487

 

 

 

59,576

 

 

 

298,735

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Advisory services and events revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consulting

 

 

76,567

 

 

 

53,258

 

 

 

6,127

 

 

 

135,952

 

Events

 

 

12,985

 

 

 

 

 

 

14,025

 

 

 

27,010

 

Total advisory services and events revenues

 

 

89,552

 

 

 

53,258

 

 

 

20,152

 

 

 

162,962

 

Total segment revenues

 

 

167,224

 

 

 

214,745

 

 

 

79,728

 

 

 

461,697

 

Segment expenses

 

 

81,520

 

 

 

55,330

 

 

 

45,734

 

 

 

182,584

 

Contribution margin

 

 

85,704

 

 

 

159,415

 

 

 

33,994

 

 

 

279,113

 

Selling, marketing, administrative and other expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(248,621

)

Amortization of intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(22,619

)

Acquisition and integration costs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(8,948

)

Interest expense, other income (expense) and gains (losses) on investments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(8,524

)

Loss before income taxes

 

 

 

 

 

 

 

 

 

 

 

 

 

$

(9,599

)

 

 

 

 

 

 

 

 

 

 

 

Sirius

 

 

 

 

 

 

 

Product

 

 

Research

 

 

Decisions

 

 

Consolidated

 

Year Ended December 31, 2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Research services revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Research

 

$

 

 

$

157,112

 

 

$

 

 

$

157,112

 

Connect

 

 

51,377

 

 

 

 

 

 

 

 

 

51,377

 

Analytics

 

 

19,910

 

 

 

 

 

 

 

 

 

19,910

 

Total research services revenues

 

 

71,287

 

 

 

157,112

 

 

 

 

 

 

228,399

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Advisory services and events revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consulting

 

 

64,309

 

 

 

51,396

 

 

 

 

 

 

115,705

 

Events

 

 

13,471

 

 

 

 

 

 

 

 

 

13,471

 

Total advisory services and events revenues

 

 

77,780

 

 

 

51,396

 

 

 

 

 

 

129,176

 

Total segment revenues

 

 

149,067

 

 

 

208,508

 

 

 

 

 

 

357,575

 

Segment expenses

 

 

75,039

 

 

 

53,326

 

 

 

 

 

 

128,365

 

Contribution margin

 

 

74,028

 

 

 

155,182

 

 

 

 

 

 

229,210

 

Selling, marketing, administrative and other expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(201,836

)

Amortization of intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1,162

)

Acquisition and integration costs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(3,787

)

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1,100

 

Income before income taxes

 

 

 

 

 

 

 

 

 

 

 

 

 

$

23,525

 

 

 

 

 

 

 

 

 

 

 

 

 

Sirius

 

 

 

 

 

 

 

Product

 

 

Research

 

 

Decisions

 

 

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

 

 

67,536

 

 

 

148,935

 

 

 

 

 

 

216,471

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Advisory services and events revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consulting

 

 

64,083

 

 

 

45,364

 

 

 

 

 

 

109,447

 

Events

 

 

11,755

 

 

 

 

 

 

 

 

 

11,755

 

Total advisory services and events revenues

 

 

75,838

 

 

 

45,364

 

 

 

 

 

 

121,202

 

Total segment revenues

 

 

143,374

 

 

 

194,299

 

 

 

 

 

 

337,673

 

Segment expenses

 

 

67,739

 

 

 

50,972

 

 

 

 

 

 

118,711

 

Contribution margin

 

 

75,635

 

 

 

143,327

 

 

 

 

 

 

218,962

 

Selling, marketing, administrative and other expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(190,632

)

Amortization of intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(781

)

Acquisition and integration costs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(178

)

Income before income taxes

 

 

 

 

 

 

 

 

 

 

 

 

 

$

27,371

 

Schedule of Net Long-lived Tangible Assets by Location

 


Net long-lived tangible assets by location as of December 31, 2019 and 2018 are as follows (in thousands):

 

 

 

 

2019

 

 

2018

 

United States

 

$

26,709

 

 

$

20,880

 

United Kingdom

 

 

578

 

 

 

522

 

Europe (excluding United Kingdom)

 

 

97

 

 

 

83

 

Asia Pacific

 

 

2,553

 

 

 

517

 

Other

 

 

 

 

 

3

 

Total

 

$

29,937

 

 

$

22,005

 

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, 2019, 2018, and 2017 are as follows (dollars in thousands):

 

 

 

2019

 

 

2018

 

 

2017

 

United States

 

 

79

%

 

 

77

%

 

 

77

%

Europe (excluding United Kingdom)

 

 

7

 

 

 

8

 

 

 

9

 

United Kingdom

 

 

4

 

 

 

4

 

 

 

4

 

Canada

 

 

4

 

 

 

4

 

 

 

4

 

Asia Pacific

 

 

5

 

 

 

5

 

 

 

4

 

Other

 

 

1

 

 

 

2

 

 

 

2

 

Total

 

 

100

%

 

 

100

%

 

 

100

%

 

 

 

 

2019

 

 

2018

 

 

2017

 

United States

 

$

362,867

 

 

$

274,151

 

 

$

260,077

 

Europe (excluding United Kingdom)

 

 

32,585

 

 

 

29,741

 

 

 

28,525

 

United Kingdom

 

 

21,316

 

 

 

15,273

 

 

 

13,651

 

Canada

 

 

17,246

 

 

 

15,569

 

 

 

14,523

 

Asia Pacific

 

 

22,842

 

 

 

17,839

 

 

 

15,952

 

Other

 

 

4,841

 

 

 

5,002

 

 

 

4,945

 

Total

 

$

461,697

 

 

$

357,575

 

 

$

337,673