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Segment Information
9 Months Ended
Sep. 30, 2012
Segment Reporting Disclosure [Text Block]

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, 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 in the allocation of resources.


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


 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended September 30, 2012:

 

Research

 

Consulting

 

Events

 

Consolidated

 

 

 


 


 


 


 

Revenues

 

$

284,048

 

$

71,731

 

$

18,627

 

$

374,406

 

Gross contribution

 

 

193,540

 

 

24,380

 

 

4,511

 

 

222,431

 

Corporate and other expenses

 

 

 

 

 

 

 

 

 

 

 

(172,663

)

 

 

 

 

 

 

 

 

 

 

 



 

Operating income

 

 

 

 

 

 

 

 

 

 

$

49,768

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended September 30, 2011:

 

Research

 

Consulting

 

Events

 

Consolidated

 

 

 


 


 


 


 

Revenues

 

$

255,979

 

$

70,815

 

$

18,990

 

$

345,784

 

Gross contribution

 

 

173,615

 

 

24,458

 

 

5,553

 

 

203,626

 

Corporate and other expenses

 

 

 

 

 

 

 

 

 

 

 

(156,376

)

 

 

 

 

 

 

 

 

 

 

 



 

Operating income

 

 

 

 

 

 

 

 

 

 

$

47,250

 

 

 

 

 

 

 

 

 

 

 

 



 


 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine Months Ended September 30, 2012:

 

Research

 

Consulting

 

Events

 

Consolidated

 

 

 


 


 


 


 

Revenues

 

$

836,970

 

$

222,970

 

$

81,119

 

$

1,141,059

 

Gross contribution

 

 

571,547

 

 

79,886

 

 

32,867

 

 

684,300

 

Corporate and other expenses

 

 

 

 

 

 

 

 

 

 

 

(518,254

)

 

 

 

 

 

 

 

 

 

 

 



 

Operating income

 

 

 

 

 

 

 

 

 

 

$

166,046

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine Months Ended September 30, 2011:

 

Research

 

Consulting

 

Events

 

Consolidated

 

 

 


 


 


 


 

Revenues

 

$

749,429

 

$

219,407

 

$

72,058

 

$

1,040,894

 

Gross contribution

 

 

506,420

 

 

78,820

 

 

28,533

 

 

613,773

 

Corporate and other expenses

 

 

 

 

 

 

 

 

 

 

 

(469,174

)

 

 

 

 

 

 

 

 

 

 

 



 

Operating income

 

 

 

 

 

 

 

 

 

 

$

144,599