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Segment Information (Tables)

9 Months Ended

Sep. 30, 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 September 30, 2023			Research						Conferences						Consulting						Consolidated
Revenues			$	1,218,739					$	57,200					$	132,845					$	1,408,784
Gross contribution			894,149						20,449						48,551						963,149
Corporate and other expenses																					(718,732)
Operating income																					$	244,417
Three Months Ended September 30, 2022			Research						Conferences						Consulting						Consolidated
Revenues			$	1,147,823					$	77,031					$	107,014					$	1,331,868
Gross contribution			848,438						40,318						37,213						925,969
Corporate and other expenses																					(672,551)
Operating income																					$	253,418

Nine Months Ended September 30, 2023			Research						Conferences						Consulting						Consolidated
Revenues			$	3,643,815					$	290,739					$	386,284					$	4,320,838
Gross contribution			2,678,945						145,687						146,680						2,971,312
Corporate and other expenses																					(2,035,831)
Operating income																					$	935,481
Nine Months Ended September 30, 2022			Research						Conferences						Consulting						Consolidated
Revenues			$	3,426,532					$	200,910					$	343,687					$	3,971,129
Gross contribution			2,541,782						110,968						138,448						2,791,198
Corporate and other expenses																					(2,023,411)
Operating income																					$	767,787

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												Nine Months Ended
						September 30,												September 30,
						2023						2022						2023						2022
Total segment gross contribution						$	963,149					$	925,969					$	2,971,312					$	2,791,198
Costs and expenses:
Cost of services and product development - unallocated (1)						5,206						10,938						23,872						38,474
Selling, general and administrative						660,527						613,031						1,997,785						1,835,846
Depreciation and amortization						48,536						47,251						141,780						143,264
Acquisition and integration charges						4,463						1,331						7,804						5,827
Gain from sale of divested operation						—						—						(135,410)						—
Operating income						244,417						253,418						935,481						767,787
Interest expense and other, net						(19,943)						(21,356)						(68,683)						(44,715)
Gain on event cancellation insurance claims						—						—						3,077						—
Less: Provision for income taxes						44,465						58,517						196,040						172,087
Net income						$	180,009					$	173,545					$	673,835					$	550,985

(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.

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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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