Segment Information (Tables)

6 Months Ended

Jun. 30, 2024

Schedule of Segment Reporting Information by Segment

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


Three Months Ended June 30, 2024	Research		Conferences		Consulting		Consolidated
Revenues	$	1,265,992	$	186,084	$	142,984	$	1,595,060
Gross contribution	933,121		108,112		53,719		1,094,952
Corporate and other expenses							(776,169)
Operating income							$	318,783

Three Months Ended June 30, 2023	Research		Conferences		Consulting		Consolidated
Revenues	$	1,207,885	$	168,897	$	126,403	$	1,503,185
Gross contribution	885,282		98,450		47,321		1,031,053
Corporate and other expenses							(747,946)
Operating income							$	283,107


Six Months Ended June 30, 2024	Research		Conferences		Consulting		Consolidated
Revenues	$	2,534,164	$	256,153	$	277,669	$	3,067,986
Gross contribution	1,877,690		131,367		108,006		2,117,063
Corporate and other expenses							(1,524,395)
Operating income							$	592,668

Six Months Ended June 30, 2023	Research		Conferences		Consulting		Consolidated
Revenues	$	2,425,076	$	233,539	$	253,439	$	2,912,054
Gross contribution	1,784,796		125,238		98,129		2,008,163
Corporate and other expenses							(1,317,099)
Operating income							$	691,064

Schedule of Reconciliation of Segment Gross Contribution to Net Income

The table below provides a reconciliation of total segment gross contribution to net income for the periods indicated (in thousands).


	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2024		2023		2024		2023
Total segment gross contribution	$	1,094,952	$	1,031,053	$	2,117,063	$	2,008,163
Costs and expenses:
Cost of services and product development - unallocated (1)	13,206		15,286		21,832		18,666
Selling, general and administrative	712,071		680,168		1,401,904		1,337,258
Depreciation and amortization	50,534		46,613		99,841		93,244
Acquisition and integration charges	358		1,973		818		3,341
Gain from sale of divested operation	—		3,906		—		(135,410)
Operating income	318,783		283,107		592,668		691,064
Interest expense and other, net	(19,486)		(18,983)		(33,814)		(48,740)
Gain on event cancellation insurance claims	—		—		—		3,077

Less: Provision for income taxes	69,749		66,081		118,761		151,575
Net income	$	229,548	$	198,043	$	440,093	$	493,826

(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.