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Segment Information (Tables) | 6 Months Ended
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Jun. 30, 2021
Segment Reporting [Abstract] |
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, 2021 | Research |  | Conferences |  | Consulting |  |  | Consolidated
Revenues | $ | 1,003,238 |  |  | $ | 58,179 |  |  | $ | 105,902 |  |  |  | $ | 1,167,319 |
Gross contribution | 742,131 |  |  | 42,602 |  |  | 42,770 |  |  |  | 827,503 |
Corporate and other expenses |  |  |  |  |  |  |  | (552,789) |
Operating income |  |  |  |  |  |  |  | $ | 274,714 |
Three Months Ended June 30, 2020 | Research |  | Conferences |  | Consulting |  |  | Consolidated
Revenues | $ | 875,329 |  |  | $ | 317 |  |  | $ | 97,489 |  |  |  | $ | 973,135 |
Gross contribution | 632,624 |  |  | (11,230) |  |  | 33,542 |  |  |  | 654,936 |
Corporate and other expenses |  |  |  |  |  |  |  | (555,285) |
Operating income |  |  |  |  |  |  |  | $ | 99,651 |
Six Months Ended June 30, 2021 | Research |  | Conferences |  | Consulting |  |  | Consolidated
Revenues | $ | 1,982,970 |  |  | $ | 82,981 |  |  | $ | 205,406 |  |  |  | $ | 2,271,357 |
Gross contribution | 1,466,503 |  |  | 56,498 |  |  | 81,868 |  |  |  | 1,604,869 |
Corporate and other expenses |  |  |  |  |  |  |  | (1,104,743) |
Operating income |  |  |  |  |  |  |  | $ | 500,126 |
Six Months Ended June 30, 2020 | Research |  | Conferences |  | Consulting |  |  | Consolidated
Revenues | $ | 1,784,620 |  |  | $ | 14,187 |  |  | $ | 193,219 |  |  |  | $ | 1,992,026 |
Gross contribution | 1,286,094 |  |  | (17,290) |  |  | 62,925 |  |  |  | 1,331,729 |
Corporate and other expenses |  |  |  |  |  |  |  | (1,107,359) |
Operating income |  |  |  |  |  |  |  | $ | 224,370 |
Schedule of reconciliation of segment gross contribution to net income (loss) | 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,
| 2021 |  | 2020 |  | 2021 |  | 2020
Total segment gross contribution | $ | 827,503 |  |  | $ | 654,936 |  |  | $ | 1,604,869 |  |  | $ | 1,331,729 |
Costs and expenses: |  |  |  |  |  |  |
Cost of services and product development - unallocated (1) | 10,986 |  |  | 4,352 |  |  | 18,781 |  |  | 3,532 |
Selling, general and administrative | 488,496 |  |  | 494,840 |  |  | 975,751 |  |  | 991,479 |
Depreciation and amortization | 52,005 |  |  | 53,936 |  |  | 108,269 |  |  | 108,632 |
Acquisition and integration charges | 1,302 |  |  | 2,157 |  |  | 1,942 |  |  | 3,716 |
Operating income | 274,714 |  |  | 99,651 |  |  | 500,126 |  |  | 224,370 |
Interest expense and other, net | (31,072) |  |  | (40,695) |  |  | (41,731) |  |  | (68,559) |
Gain on event cancellation insurance claims | 135,545 |  |  | — |  |  | 135,545 |  |  | — |
Less: Provision for income taxes | 107,951 |  |  | 3,879 |  |  | 158,604 |  |  | 25,637 |
Net income | $ | 271,236 |  |  | $ | 55,077 |  |  | $ | 435,336 |  |  | $ | 130,174 |
(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.

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- Definition Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599 + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599 + Details
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