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Segment Information (Tables)

9 Months Ended

Sep. 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 September 30, 2021			Research						Conferences						Consulting									Consolidated
Revenues			$	1,037,124					$	24,415					$	94,743								$	1,156,282
Gross contribution			769,091						11,456						30,972									811,519
Corporate and other expenses																								(581,298)
Operating income																								$	230,221

Three Months Ended September 30, 2020			Research						Conferences						Consulting									Consolidated
Revenues			$	892,719					$	12,738					$	89,161								$	994,618
Gross contribution			642,328						2,044						28,161									672,533
Corporate and other expenses																								(584,883)
Operating income																								$	87,650

Nine Months Ended September 30, 2021			Research						Conferences						Consulting									Consolidated
Revenues			$	3,020,094					$	107,396					$	300,149								$	3,427,639
Gross contribution			2,235,594						67,954						112,840									2,416,388
Corporate and other expenses																								(1,686,041)
Operating income																								$	730,347

Nine Months Ended September 30, 2020			Research						Conferences						Consulting									Consolidated
Revenues			$	2,677,339					$	26,925					$	282,380								$	2,986,644
Gross contribution			1,928,422						(15,246)						91,086									2,004,262
Corporate and other expenses																								(1,692,242)
Operating income																								$	312,020

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												Nine Months Ended
			September 30,												September 30,
			2021						2020						2021						2020
Total segment gross contribution			$	811,519					$	672,533					$	2,416,388					$	2,004,262
Costs and expenses:
Cost of services and product development - unallocated (1)			14,474						7,682						33,255						11,214
Selling, general and administrative			512,573						521,508						1,488,324						1,512,987
Depreciation and amortization			52,480						53,971						160,749						162,603
Acquisition and integration charges			1,771						1,722						3,713						5,438
Operating income			230,221						87,650						730,347						312,020
Interest expense and other, net			(31,388)						(28,669)						(73,119)						(97,228)
Gain on event cancellation insurance claims			—						—						135,545						—
Loss on extinguishment of debt			—						(44,814)						—						(44,814)
Less: Provision (benefit) for income taxes			49,968						(2,797)						208,572						22,840
Net income			$	148,865					$	16,964					$	584,201					$	147,138

(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.

X

- 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

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-Publisher FASB
-Name Accounting Standards Codification
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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.

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