XML 33 R23.htm IDEA: XBRL DOCUMENT v3.20.2
Revenue and Related Matters (Tables)
 9 Months Ended
Sep. 30, 2020
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregation of Revenue by Reportable Segment
Disaggregated Revenue — The Company’s disaggregated revenue by reportable segment is presented in the tables below for the periods indicated (in thousands).

By Primary Geographic Market (1)

Three Months Ended September 30, 2020
Primary Geographic MarketResearchConferencesConsultingTotal
United States and Canada$574,203 $10,669 $55,389 $640,261 
Europe, Middle East and Africa210,152 2,064 23,495 235,711 
Other International108,364 5 10,277 118,646 
Total revenues $892,719 $12,738 $89,161 $994,618 


Three Months Ended September 30, 2019
Primary Geographic MarketResearchConferencesConsultingTotal
United States and Canada$538,112 $28,153 $58,615 $624,880 
Europe, Middle East and Africa196,121 24,497 26,468 247,086 
Other International106,765 13,636 8,135 128,536 
Total revenues $840,998 $66,286 $93,218 $1,000,502 
Nine Months Ended September 30, 2020
Primary Geographic MarketResearchConferencesConsultingTotal
United States and Canada$1,737,603 $16,966 $167,570 $1,922,139 
Europe, Middle East and Africa612,946 4,211 83,691 700,848 
Other International326,790 5,748 31,119 363,657 
Total revenues $2,677,339 $26,925 $282,380 $2,986,644 

Nine Months Ended September 30, 2019
Primary Geographic MarketResearchConferencesConsultingTotal
United States and Canada$1,593,806 $157,756 $175,208 $1,926,770 
Europe, Middle East and Africa583,742 67,520 90,350 741,612 
Other International314,879 34,116 24,451 373,446 
Total revenues $2,492,427 $259,392 $290,009 $3,041,828 

(1)Revenue is reported based on where the sale is fulfilled.
Schedule of Disaggregation of Revenue
By Timing of Revenue Recognition


Three Months Ended September 30, 2020
Timing of Revenue RecognitionResearchConferencesConsultingTotal
Transferred over time (1)$823,658 $— $73,989 $897,647 
Transferred at a point in time (2)69,061 12,738 15,172 96,971 
Total revenues $892,719 $12,738 $89,161 $994,618 


Three Months Ended September 30, 2019
Timing of Revenue RecognitionResearchConferencesConsultingTotal
Transferred over time (1)$769,718 $— $77,570 $847,288 
Transferred at a point in time (2)71,280 66,286 15,648 153,214 
Total revenues $840,998 $66,286 $93,218 $1,000,502 


Nine Months Ended September 30, 2020
Timing of Revenue RecognitionResearchConferencesConsultingTotal
Transferred over time (1)$2,463,434 $— $224,027 $2,687,461 
Transferred at a point in time (2)213,905 26,925 58,353 299,183 
Total revenues $2,677,339 $26,925 $282,380 $2,986,644 
Nine Months Ended September 30, 2019
Timing of Revenue RecognitionResearchConferencesConsultingTotal
Transferred over time (1)$2,276,783 $— $235,641 $2,512,424 
Transferred at a point in time (2)215,644 259,392 54,368 529,404 
Total revenues $2,492,427 $259,392 $290,009 $3,041,828 

(1)Research revenues were recognized in connection with performance obligations that were satisfied over time using a time-elapsed output method to measure progress. Consulting revenues were recognized over time using labor hours as an input measurement basis.
(2)The revenues in this category were recognized in connection with performance obligations that were satisfied at the point in time that the contractual deliverables were provided to the customer.
Schedule for Contract with Customer, Asset and Liability The table below provides information regarding certain of the Company’s balance sheet accounts that pertain to its contracts with customers (in thousands).
September 30,December 31,
20202019
Assets:
Fees receivable, gross (1)$958,864 $1,334,012 
Contract assets recorded in Prepaid expenses and other current assets (2)$23,990 $21,350 
Contract liabilities:
Deferred revenues (current liability) (3)$1,710,791 $1,928,020 
Non-current deferred revenues recorded in Other liabilities (3)26,051 24,409 
Total contract liabilities$1,736,842 $1,952,429 

(1)Fees receivable represent an unconditional right of payment from our customers and include both billed and unbilled amounts.
(2)Contract assets represent recognized revenue for which we do not have an unconditional right to payment as of the balance sheet date because the project may be subject to a progress billing milestone or some other billing restriction.
(3)Deferred revenues represent amounts (i) for which the Company has received an upfront customer payment or (ii) that pertain to recognized fees receivable. Both situations occur before the completion of our performance obligation(s).