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Segment Information
6 Months Ended
Jun. 30, 2012
Segment Information

Note 5 — Segment Information

The Company manages its business through three reportable segments: Research, Consulting and Events. Research consists primarily of subscription-based research products, access to research inquiry, peer networking services, and membership programs. Consulting consists primarily of consulting, measurement engagements, and strategic advisory services. Events consists of various symposia, conferences, and exhibitions.

The Company evaluates reportable segment performance and allocates resources based on gross contribution margin. Gross contribution, as presented in the table below, is defined as operating income excluding certain Cost of services and product development and Selling, general and administrative expenses, depreciation, and amortization of intangibles. 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 in the allocation of resources.

The following tables present information about the Company’s reportable segments (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended June 30, 2012:

 

Research

 

Consulting

 

Events

 

Consolidated

 

 

 


 


 


 


 

Revenues

 

$

278,302

 

$

76,676

 

$

42,504

 

$

397,482

 

Gross contribution

 

 

189,471

 

 

27,906

 

 

20,394

 

 

237,771

 

Corporate and other expenses

 

 

 

 

 

 

 

 

 

 

 

(175,049

)

 

 

 

 

 

 

 

 

 

 

 



 

Operating income

 

 

 

 

 

 

 

 

 

 

$

62,722

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended June 30, 2011:

 

Research

 

Consulting

 

Events

 

Consolidated

 

 

 


 


 


 


 

Revenues

 

$

250,015

 

$

77,962

 

$

37,566

 

$

365,543

 

Gross contribution

 

 

168,304

 

 

28,873

 

 

17,315

 

 

214,492

 

Corporate and other expenses

 

 

 

 

 

 

 

 

 

 

 

(162,924

)

 

 

 

 

 

 

 

 

 

 

 



 

Operating income

 

 

 

 

 

 

 

 

 

 

$

51,568

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six Months Ended June 30, 2012:

 

Research

 

Consulting

 

Events

 

Consolidated

 

 

 


 


 


 


 

Revenues

 

$

552,922

 

$

151,239

 

$

62,492

 

$

766,653

 

Gross contribution

 

 

378,074

 

 

55,506

 

 

28,289

 

 

461,869

 

Corporate and other expenses

 

 

 

 

 

 

 

 

 

 

 

(345,591

)

 

 

 

 

 

 

 

 

 

 

 



 

Operating income

 

 

 

 

 

 

 

 

 

 

$

116,278

 

 

 

 

 

 

 

 

 

 

 

 



 


 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six Months Ended June 30, 2011:

 

Research

 

Consulting

 

Events

 

Consolidated

 

 

 


 


 


 


 

Revenues

 

$

493,450

 

$

148,592

 

$

53,068

 

$

695,110

 

Gross contribution

 

 

332,805

 

 

54,362

 

 

22,980

 

 

410,147

 

Corporate and other expenses

 

 

 

 

 

 

 

 

 

 

 

(312,798

)

 

 

 

 

 

 

 

 

 

 

 



 

Operating income

 

 

 

 

 

 

 

 

 

 

$

97,349