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Operating Segments (Tables)
6 Months Ended
Jun. 30, 2020
Segment Reporting [Abstract]  
Schedule of Information about Reportable Segments, Disaggregation of Revenue by Product

The Company provides disaggregated revenue by product in the segment tables below (in thousands):

 

 

 

Research

 

 

Consulting

 

 

Events

 

 

Consolidated

 

Three Months Ended June 30, 2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Research revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Research

 

$

55,358

 

 

$

 

 

$

 

 

$

55,358

 

Connect

 

 

13,078

 

 

 

 

 

 

 

 

 

13,078

 

Analytics

 

 

5,185

 

 

 

 

 

 

 

 

 

5,185

 

Total research revenues

 

 

73,621

 

 

 

 

 

 

 

 

 

73,621

 

Consulting

 

 

13,351

 

 

 

21,537

 

 

 

 

 

 

34,888

 

Events

 

 

 

 

 

 

 

 

5,032

 

 

 

5,032

 

Total segment revenues

 

 

86,972

 

 

 

21,537

 

 

 

5,032

 

 

 

113,541

 

Segment expenses

 

 

(25,870

)

 

 

(10,099

)

 

 

(3,206

)

 

 

(39,175

)

Selling, marketing, administrative and other expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(57,810

)

Amortization of intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(4,713

)

Acquisition and integration costs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(612

)

Interest expense, other expense and gains on investments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

844

 

Income before income taxes

 

 

 

 

 

 

 

 

 

 

 

 

 

$

12,075

 

 

 

 

Research

 

 

Consulting

 

 

Events

 

 

Consolidated

 

Three Months Ended June 30, 2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Research revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Research

 

$

56,305

 

 

$

 

 

$

 

 

$

56,305

 

Connect

 

 

14,067

 

 

 

 

 

 

 

 

 

14,067

 

Analytics

 

 

5,907

 

 

 

 

 

 

 

 

 

5,907

 

Total research revenues

 

 

76,279

 

 

 

 

 

 

 

 

 

76,279

 

Consulting

 

 

15,024

 

 

 

18,993

 

 

 

 

 

 

34,017

 

Events

 

 

 

 

 

 

 

 

17,887

 

 

 

17,887

 

Total segment revenues

 

 

91,303

 

 

 

18,993

 

 

 

17,887

 

 

 

128,183

 

Segment expenses

 

 

(31,209

)

 

 

(9,474

)

 

 

(10,693

)

 

 

(51,376

)

Selling, marketing, administrative and other expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(64,599

)

Amortization of intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(5,099

)

Acquisition and integration costs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(2,487

)

Interest expense, other expense and losses on investments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(2,179

)

Income before income taxes

 

 

 

 

 

 

 

 

 

 

 

 

 

$

2,443

 

 

 

Research

 

 

Consulting

 

 

Events

 

 

Consolidated

 

Six Months Ended June 30, 2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Research revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Research

 

$

108,964

 

 

$

 

 

$

 

 

$

108,964

 

Connect

 

 

26,967

 

 

 

 

 

 

 

 

 

26,967

 

Analytics

 

 

10,486

 

 

 

 

 

 

 

 

 

10,486

 

Total research revenues

 

 

146,417

 

 

 

 

 

 

 

 

 

146,417

 

Consulting

 

 

27,377

 

 

 

40,970

 

 

 

 

 

 

68,347

 

Events

 

 

 

 

 

 

 

 

5,122

 

 

 

5,122

 

Total segment revenues

 

 

173,794

 

 

 

40,970

 

 

 

5,122

 

 

 

219,886

 

Segment expenses

 

 

(53,334

)

 

 

(20,120

)

 

 

(3,883

)

 

 

(77,337

)

Selling, marketing, administrative and other expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(117,685

)

Amortization of intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(9,425

)

Acquisition and integration costs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(3,487

)

Interest expense, other income and gains on investments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(371

)

Income before income taxes

 

 

 

 

 

 

 

 

 

 

 

 

 

$

11,581

 

 

 

 

Research

 

 

Consulting

 

 

Events

 

 

Consolidated

 

Six Months Ended June 30, 2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Research revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Research

 

$

106,085

 

 

$

 

 

$

 

 

$

106,085

 

Connect

 

 

27,638

 

 

 

 

 

 

 

 

 

27,638

 

Analytics

 

 

11,165

 

 

 

 

 

 

 

 

 

11,165

 

Total research revenues

 

 

144,888

 

 

 

 

 

 

 

 

 

144,888

 

Consulting

 

 

29,411

 

 

 

36,392

 

 

 

 

 

 

65,803

 

Events

 

 

 

 

 

 

 

 

18,141

 

 

 

18,141

 

Total segment revenues

 

 

174,299

 

 

 

36,392

 

 

 

18,141

 

 

 

228,832

 

Segment expenses

 

 

(61,148

)

 

 

(18,908

)

 

 

(11,665

)

 

 

(91,721

)

Selling, marketing, administrative and other expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(126,610

)

Amortization of intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(11,309

)

Acquisition and integration costs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(5,454

)

Interest expense, other expense and losses on investments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(4,837

)

Loss before income taxes

 

 

 

 

 

 

 

 

 

 

 

 

 

$

(11,099

)