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Segment Information (Tables)

3 Months Ended

Mar. 31, 2023

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 March 31, 2023			Research						Conferences						Consulting						Consolidated
Revenues			$	1,217,191					$	64,642					$	127,036					$	1,408,869
Gross contribution			899,514						26,788						50,808						977,110
Corporate and other expenses																					(569,153)
Operating income																					$	407,957
Three Months Ended March 31, 2022			Research						Conferences						Consulting						Consolidated
Revenues			$	1,136,380					$	10,354					$	116,006					$	1,262,740
Gross contribution			849,379						(2,876)						51,012						897,515
Corporate and other expenses																					(680,268)
Operating income																					$	217,247

Schedule of Reconciliation of Segment Gross Contribution to Net Income

The table below provides a reconciliation of total segment gross contribution to net income for the periods indicated (in thousands).

						Three Months Ended
						March 31,
						2023						2022
Total segment gross contribution						$	977,110					$	897,515
Costs and expenses:
Cost of services and product development - unallocated (1)						3,380						11,808
Selling, general and administrative						657,090						617,904
Depreciation and amortization						46,631						48,349
Acquisition and integration charges						1,368						2,207
Gain from sale of divested operation						(139,316)						—
Operating income						407,957						217,247
Interest expense and other, net						(29,757)						(2,188)
Gain on event cancellation insurance claims						3,077						—
Less: Provision for income taxes						85,494						42,544
Net income						$	295,783					$	172,515

(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

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-Topic 280
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-Section 50
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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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