XML 35 R25.htm IDEA: XBRL DOCUMENT v3.22.2
Revenue and Related Matters (Tables)
 6 Months Ended
Jun. 30, 2022
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 June 30, 2022
Primary Geographic MarketResearchConferencesConsultingTotal
United States and Canada$752,670 $87,267 $72,816 $912,753 
Europe, Middle East and Africa255,417 21,036 34,047 310,500 
Other International134,242 5,222 13,804 153,268 
Total revenues $1,142,329 $113,525 $120,667 $1,376,521 
Three Months Ended June 30, 2021
Primary Geographic MarketResearchConferencesConsultingTotal
United States and Canada$646,432 $40,328 $59,605 $746,365 
Europe, Middle East and Africa236,756 14,468 35,459 286,683 
Other International120,050 3,383 10,838 134,271 
Total revenues$1,003,238 $58,179 $105,902 $1,167,319 
Six Months Ended June 30, 2022
Primary Geographic MarketResearchConferencesConsultingTotal
United States and Canada$1,493,199 $94,919 $141,605 $1,729,723 
Europe, Middle East and Africa518,546 22,274 66,491 607,311 
Other International266,964 6,686 28,577 302,227 
Total revenues$2,278,709 $123,879 $236,673 $2,639,261 
Six Months Ended June 30, 2021
Primary Geographic MarketResearchConferencesConsultingTotal
United States and Canada$1,277,765 $59,927 $117,091 $1,454,783 
Europe, Middle East and Africa466,957 17,181 65,821 549,959 
Other International238,248 5,873 22,494 266,615 
Total revenues$1,982,970 $82,981 $205,406 $2,271,357 
(1)Revenue is reported based on where the sale is fulfilled.
Schedule of Disaggregation of Revenue
By Timing of Revenue Recognition

Three Months Ended June 30, 2022
Timing of Revenue RecognitionResearchConferencesConsultingTotal
Transferred over time (1)$1,037,864 $— $95,201 $1,133,065 
Transferred at a point in time (2)104,465 113,525 25,466 243,456 
Total revenues $1,142,329 $113,525 $120,667 $1,376,521 
Three Months Ended June 30, 2021
Timing of Revenue RecognitionResearchConferencesConsultingTotal
Transferred over time (1)$916,754 $— $85,989 $1,002,743 
Transferred at a point in time (2)86,484 58,179 19,913 164,576 
Total revenues$1,003,238 $58,179 $105,902 $1,167,319 
Six Months Ended June 30, 2022
Timing of Revenue RecognitionResearchConferencesConsultingTotal
Transferred over time (1)$2,063,674 $— $191,637 $2,255,311 
Transferred at a point in time (2)215,035 123,879 45,036 383,950 
Total revenues $2,278,709 $123,879 $236,673 $2,639,261 
Six Months Ended June 30, 2021
Timing of Revenue RecognitionResearchConferencesConsultingTotal
Transferred over time (1)$1,810,841 $— $170,331 $1,981,172 
Transferred at a point in time (2)172,129 82,981 35,075 290,185 
Total revenues$1,982,970 $82,981 $205,406 $2,271,357 

(1)Research revenues are recognized in connection with performance obligations that are satisfied over time using a time-elapsed output method to measure progress. Consulting revenues are recognized over time using labor hours as an input measurement basis.
(2)The revenues in this category are recognized in connection with performance obligations that are satisfied at the point in time that the contractual deliverables are 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).
June 30,December 31,
20222021
Assets:
Fees receivable, gross (1)$1,181,496 $1,371,680 
Contract assets recorded in Prepaid expenses and other current assets (2)$26,666 $20,054 
Contract liabilities:
Deferred revenues (current liability) (3)$2,396,143 $2,238,035 
Non-current deferred revenues recorded in Other liabilities (3)35,656 48,176 
Total contract liabilities$2,431,799 $2,286,211 
(1)Fees receivable represent an unconditional right to payment from the Company’s customers and include both billed and unbilled amounts.
(2)Contract assets represent recognized revenue for which the Company does 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 restrictions.
(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 the Company’s performance obligation(s).