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v3.20.4

Business and Significant Accounting Policies (Tables) | 12 Months Ended
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Dec. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Schedule of Cash and Cash Equivalents | Below is a table presenting the beginning-of-period and end-of-period cash amounts from the Company’s Consolidated Balance Sheets and the total cash amounts presented in the Consolidated Statements of Cash Flows (in thousands).
|  | December 31,
|  | 2020 |  | 2019 |  | 2018 |  | 2017
Cash and cash equivalents |  | $ | 712,583 |  |  | $ | 280,836 |  |  | $ | 156,368 |  |  | $ | 538,908 |
Restricted cash classified in (1), (2): |  |  |  |  |  |  |  |
Prepaid expenses and other current assets |  | — |  |  | — |  |  | 2,295 |  |  | 15,148 |
Other assets |  | — |  |  | — |  |  | — |  |  | 3,002 |
Cash classified as held-for-sale (3) |  | — |  |  | — |  |  | — |  |  | 10,000 |
Cash and cash equivalents and restricted cash per the Consolidated Statements of Cash Flows |  | $ | 712,583 |  |  | $ | 280,836 |  |  | $ | 158,663 |  |  | $ | 567,058 |
(1)Restricted cash consists of escrow accounts established in connection with certain of the Company’s business acquisitions. Generally, such cash is restricted to use due to provisions contained in the underlying stock or asset purchase agreement. The Company will disburse the restricted cash to the sellers of the businesses upon satisfaction of any contingencies described in such agreements (e.g., potential indemnification claims, etc.). (2)Restricted cash is recorded in Prepaid expenses and other current assets and Other assets in the Company’s Consolidated Balance Sheets with the short-term or long-term classification dependent on the projected timing of disbursements to the sellers. (3)Represents cash classified as a held-for-sale asset for the CEB Talent Assessment business, which was divested in 2018. Note 2 — Acquisitions and Divestitures provides additional information regarding the Company’s 2018 divestitures.
Schedule of Restricted Cash | Below is a table presenting the beginning-of-period and end-of-period cash amounts from the Company’s Consolidated Balance Sheets and the total cash amounts presented in the Consolidated Statements of Cash Flows (in thousands).
|  | December 31,
|  | 2020 |  | 2019 |  | 2018 |  | 2017
Cash and cash equivalents |  | $ | 712,583 |  |  | $ | 280,836 |  |  | $ | 156,368 |  |  | $ | 538,908 |
Restricted cash classified in (1), (2): |  |  |  |  |  |  |  |
Prepaid expenses and other current assets |  | — |  |  | — |  |  | 2,295 |  |  | 15,148 |
Other assets |  | — |  |  | — |  |  | — |  |  | 3,002 |
Cash classified as held-for-sale (3) |  | — |  |  | — |  |  | — |  |  | 10,000 |
Cash and cash equivalents and restricted cash per the Consolidated Statements of Cash Flows |  | $ | 712,583 |  |  | $ | 280,836 |  |  | $ | 158,663 |  |  | $ | 567,058 |
(1)Restricted cash consists of escrow accounts established in connection with certain of the Company’s business acquisitions. Generally, such cash is restricted to use due to provisions contained in the underlying stock or asset purchase agreement. The Company will disburse the restricted cash to the sellers of the businesses upon satisfaction of any contingencies described in such agreements (e.g., potential indemnification claims, etc.). (2)Restricted cash is recorded in Prepaid expenses and other current assets and Other assets in the Company’s Consolidated Balance Sheets with the short-term or long-term classification dependent on the projected timing of disbursements to the sellers. (3)Represents cash classified as a held-for-sale asset for the CEB Talent Assessment business, which was divested in 2018. Note 2 — Acquisitions and Divestitures provides additional information regarding the Company’s 2018 divestitures.
Schedule of Property, Plant and Equipment | Property, equipment and leasehold improvements, net are presented in the table below (in thousands).
|  | Useful Life |  | December 31,
Category |  | (Years) |  | 2020 |  | 2019
Computer equipment and software |  | 2-7 |  | $ | 277,973 |  |  | $ | 256,451 |
Furniture and equipment |  | 3-8 |  | 114,622 |  |  | 104,370 |
Leasehold improvements |  | 2-15 |  | 283,773 |  |  | 275,114 |
Total cost |  |  |  | 676,368 |  |  | 635,935 |
Less — accumulated depreciation and amortization |  |  |  | (339,603) |  |  | (291,356) |
Property, equipment and leasehold improvements, net |  |  |  | $ | 336,765 |  |  | $ | 344,579 |

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