XML 37 R28.htm IDEA: XBRL DOCUMENT v3.23.3
Revenue and Related Matters (Tables)
9 Months Ended
Sep. 30, 2023
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, 2023
Primary Geographic MarketResearchConferencesConsultingTotal
United States and Canada$822,401 $7,652 $87,409 $917,462 
Europe, Middle East and Africa261,813 30,398 29,502 321,713 
Other International134,525 19,150 15,934 169,609 
Total revenues $1,218,739 $57,200 $132,845 $1,408,784 
Three Months Ended September 30, 2022
Primary Geographic MarketResearchConferencesConsultingTotal
United States and Canada$771,534 $44,499 $67,194 $883,227 
Europe, Middle East and Africa245,093 18,034 26,644 289,771 
Other International131,196 14,498 13,176 158,870 
Total revenues$1,147,823 $77,031 $107,014 $1,331,868 
Nine Months Ended September 30, 2023
Primary Geographic MarketResearchConferencesConsultingTotal
United States and Canada$2,444,524 $179,670 $240,797 $2,864,991 
Europe, Middle East and Africa788,725 78,408 96,305 963,438 
Other International410,566 32,661 49,182 492,409 
Total revenues$3,643,815 $290,739 $386,284 $4,320,838 
Nine Months Ended September 30, 2022
Primary Geographic MarketResearchConferencesConsultingTotal
United States and Canada$2,264,733 $139,418 $208,799 $2,612,950 
Europe, Middle East and Africa763,639 40,308 93,135 897,082 
Other International398,160 21,184 41,753 461,097 
Total revenues$3,426,532 $200,910 $343,687 $3,971,129 
(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, 2023
Timing of Revenue RecognitionResearchConferencesConsultingTotal
Transferred over time (1)$1,125,285 $— $99,719 $1,225,004 
Transferred at a point in time (2)93,454 57,200 33,126 183,780 
Total revenues $1,218,739 $57,200 $132,845 $1,408,784 
Three Months Ended September 30, 2022
Timing of Revenue RecognitionResearchConferencesConsultingTotal
Transferred over time (1)$1,045,425 $— $90,316 $1,135,741 
Transferred at a point in time (2)102,398 77,031 16,698 196,127 
Total revenues$1,147,823 $77,031 $107,014 $1,331,868 
Nine Months Ended September 30, 2023
Timing of Revenue RecognitionResearchConferencesConsultingTotal
Transferred over time (1)$3,348,409 $— $300,647 $3,649,056 
Transferred at a point in time (2)295,406 290,739 85,637 671,782 
Total revenues $3,643,815 $290,739 $386,284 $4,320,838 
Nine Months Ended September 30, 2022
Timing of Revenue RecognitionResearchConferencesConsultingTotal
Transferred over time (1)$3,109,099 $— $281,953 $3,391,052 
Transferred at a point in time (2)317,433 200,910 61,734 580,077 
Total revenues$3,426,532 $200,910 $343,687 $3,971,129 
(1)Research revenues in this category are recognized in connection with performance obligations that are satisfied over time using a time-elapsed output method to measure progress. Consulting revenues in this category are recognized over time using labor hours as an input measurement.
(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).
September 30,December 31,
20232022
Assets:
Fees receivable, gross (1)$1,148,563 $1,565,786 
Contract assets recorded in Prepaid expenses and other current assets (2)$32,754 $21,183 
Contract liabilities:
Deferred revenues (current liability) (3)$2,394,556 $2,443,762 
Non-current deferred revenues recorded in Other liabilities (3)26,757 39,115 
Total contract liabilities$2,421,313 $2,482,877 
(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).