XML 33 R23.htm IDEA: XBRL DOCUMENT
v3.21.1

Revenue and Related Matters (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2021
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 March 31, 2021
Primary Geographic Market | Research | Conferences | Consulting | Total
United States and Canada | $ | 631,333 |  | $ | 19,599 |  | $ | 57,486 |  | $ | 708,418 |
Europe, Middle East and Africa | 230,201 |  | 2,713 |  | 30,362 |  | 263,276 |
Other International | 118,198 |  | 2,490 |  | 11,656 |  | 132,344 |
Total revenues | $ | 979,732 |  | $ | 24,802 |  | $ | 99,504 |  | $ | 1,104,038 |
Three Months Ended March 31, 2020
Primary Geographic Market | Research | Conferences | Consulting | Total
United States and Canada | $ | 590,156 |  | $ | 5,980 |  | $ | 54,163 |  | $ | 650,299 |
Europe, Middle East and Africa | 205,939 |  | 2,147 |  | 30,082 |  | 238,168 |
Other International | 113,196 |  | 5,743 |  | 11,485 |  | 130,424 |
Total revenues | $ | 909,291 |  | $ | 13,870 |  | $ | 95,730 |  | $ | 1,018,891 |
(1)Revenue is reported based on where the sale is fulfilled.
Schedule of Disaggregation of Revenue | By Timing of Revenue Recognition Three Months Ended March 31, 2021
Timing of Revenue Recognition | Research | Conferences | Consulting | Total
Transferred over time (1) | $ | 894,087 |  | $ | — |  | $ | 84,342 |  | $ | 978,429 |
Transferred at a point in time (2) | 85,645 |  | 24,802 |  | 15,162 |  | 125,609 |
Total revenues | $ | 979,732 |  | $ | 24,802 |  | $ | 99,504 |  | $ | 1,104,038 |
Three Months Ended March 31, 2020
Timing of Revenue Recognition | Research | Conferences | Consulting | Total
Transferred over time (1) | $ | 829,212 |  | $ | — |  | $ | 81,408 |  | $ | 910,620 |
Transferred at a point in time (2) | 80,079 |  | 13,870 |  | 14,322 |  | 108,271 |
Total revenues | $ | 909,291 |  | $ | 13,870 |  | $ | 95,730 |  | $ | 1,018,891 |
(1)Research revenues were recognized in connection with performance obligations that were satisfied over time using a time-elapsed output method to measure progress. Consulting revenues were recognized over time using labor hours as an input measurement basis. (2)The revenues in this category were recognized in connection with performance obligations that were satisfied at the point in time that the contractual deliverables were 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).
| March 31, |  | December 31,
| 2021 |  | 2020
Assets: |  |  |
Fees receivable, gross (1) | $ | 1,184,426 |  |  | $ | 1,251,508 |
Contract assets recorded in Prepaid expenses and other current assets (2) | $ | 19,883 |  |  | $ | 14,440 |
Contract liabilities: |  |  |
Deferred revenues (current liability) (3) | $ | 2,088,463 |  |  | $ | 1,974,548 |
Non-current deferred revenues recorded in Other liabilities (3) | 25,852 |  |  | 26,754 |
Total contract liabilities | $ | 2,114,315 |  |  | $ | 2,001,302 |
(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 restriction. (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).

X
- Definition Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130551-203045 + Details
Name: | us-gaap_ContractWithCustomerAssetAndLiabilityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130545-203045 + Details
Name: | us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of revenue from external customers by geographic areas attributed to the entity's country of domicile and to foreign countries from which the entity derives revenue. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -Subparagraph a -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599 + Details
Name: | us-gaap_RevenueFromExternalCustomersByGeographicAreasTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration