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Segment Information
 6 Months Ended
Jun. 30, 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 June 30, 2022ResearchConferencesConsultingConsolidated
Revenues$1,142,329 $113,525 $120,667 $1,376,521 
Gross contribution843,965 73,526 50,223 967,714 
Corporate and other expenses   (670,592)
Operating income   $297,122 
Three Months Ended June 30, 2021ResearchConferencesConsultingConsolidated
Revenues$1,003,238 $58,179 $105,902 $1,167,319 
Gross contribution742,131 42,602 42,770 827,503 
Corporate and other expenses(552,789)
Operating income$274,714 

Six Months Ended June 30, 2022ResearchConferencesConsultingConsolidated
Revenues $2,278,709 $123,879 $236,673 $2,639,261 
Gross contribution 1,693,344 70,650 101,235 1,865,229 
Corporate and other expenses(1,350,860)
Operating income   $514,369 
Six Months Ended June 30, 2021ResearchConferencesConsultingConsolidated
Revenues$1,982,970 $82,981 $205,406 $2,271,357 
Gross contribution1,466,503 56,498 81,868 1,604,869 
Corporate and other expenses(1,104,743)
Operating income$500,126 
The table below provides a reconciliation of total segment gross contribution to net income for the periods indicated (in thousands).
Three Months EndedSix Months Ended
June 30,June 30,
2022202120222021
Total segment gross contribution$967,714 $827,503 $1,865,229 $1,604,869 
Costs and expenses:
Cost of services and product development - unallocated (1)15,728 10,986 27,536 18,781 
Selling, general and administrative 604,911 488,496 1,222,815 975,751 
Depreciation and amortization47,664 52,005 96,013 108,269 
Acquisition and integration charges2,289 1,302 4,496 1,942 
Operating income 297,122 274,714 514,369 500,126 
Interest expense and other, net(21,171)(31,072)(23,359)(41,731)
Gain on event cancellation insurance claims— 135,545 — 135,545 
Less: Provision for income taxes71,026 107,951 113,570 158,604 
Net income $204,925 $271,236 $377,440 $435,336 
(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.