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Segment Information
3 Months Ended
Mar. 31, 2022
Segment Reporting [Abstract]  
Segment Information Segment Information
The Company’s products and services are delivered through three segments – Research, Conferences and Consulting, as described below.

Research equips executives and their teams from every function and across all industries with actionable, objective insight, guidance and tools. Our experienced experts deliver all this value informed by an unmatched combination of practitioner-sourced and data-driven research to help our clients address their mission critical priorities.

Conferences provides executives and teams across an organization the opportunity to learn, share and network. From our Gartner Symposium/Xpo series, to industry-leading conferences focused on specific business roles and topics, to peer-driven sessions, our offerings enable attendees to experience the best of Gartner insight and guidance.

Consulting serves senior executives leading technology-driven strategic initiatives leveraging the power of Gartner’s actionable, objective insight. Through custom analysis and on-the-ground support we enable optimized technology investments and stronger performance on our clients’ mission critical priorities.

The Company evaluates segment performance and allocates resources based on gross contribution margin. Gross contribution, as presented in the tables below, is defined as operating income or loss excluding certain Cost of services and product development expenses, Selling, general and administrative expenses, Depreciation, Amortization of intangibles, and Acquisition and integration charges. Certain bonus and fringe benefit costs included in consolidated Cost of services and product development are not allocated to segment expense. The accounting policies used by the reportable segments are the same as those used by the Company. There are no intersegment revenues. The Company does not identify or allocate assets, including capital expenditures, by reportable segment. Accordingly, assets are not reported by segment because the information is not available by segment and is not reviewed in the evaluation of segment performance or in making decisions regarding the allocation of resources.

The tables below present information about the Company’s reportable segments for the periods indicated (in thousands).

Three Months Ended March 31, 2022ResearchConferencesConsultingConsolidated
Revenues$1,136,380 $10,354 $116,006 $1,262,740 
Gross contribution849,379 (2,876)51,012 897,515 
Corporate and other expenses   (680,268)
Operating income   $217,247 
Three Months Ended March 31, 2021ResearchConferencesConsultingConsolidated
Revenues $979,732 $24,802 $99,504 $1,104,038 
Gross contribution 724,372 13,896 39,098 777,366 
Corporate and other expenses   (551,954)
Operating income   $225,412 

The table below provides a reconciliation of total segment gross contribution to net income for the periods indicated (in thousands).
Three Months Ended
March 31,
20222021
Total segment gross contribution$897,515 $777,366 
Costs and expenses:
Cost of services and product development - unallocated (1)11,808 7,795 
Selling, general and administrative 617,904 487,255 
Depreciation and amortization48,349 56,264 
Acquisition and integration charges2,207 640 
Operating income 217,247 225,412 
Interest expense and other, net(2,188)(10,659)
Less: Provision for income taxes42,544 50,653 
Net income $172,515 $164,100 
(1)The unallocated amounts consist of certain bonus and fringe costs recorded in consolidated Cost of services and product development that are not allocated to segment expense. The Company’s policy is to allocate bonuses to segments at 100% of a segment employee’s target bonus. Amounts above or below 100% are absorbed by corporate.