XML 41 R30.htm IDEA: XBRL DOCUMENT
v3.24.1.u1

Segment Information (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2024
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, 2024 | Research |  | Conferences |  | Consulting |  | Consolidated
Revenues | $ | 1,268,172 |  |  | $ | 70,069 |  |  | $ | 134,685 |  |  | $ | 1,472,926 |
Gross contribution | 944,570 |  |  | 23,255 |  |  | 54,287 |  |  | 1,022,112 |
Corporate and other expenses |  |  |  |  |  |  | (748,227) |
Operating income |  |  |  |  |  |  | $ | 273,885 |
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 |
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, |  |
|  | 2024 |  | 2023 |  |  |  |
Total segment gross contribution |  | $ | 1,022,112 |  |  | $ | 977,110 |  |  |  |  |
Costs and expenses: |  |  |  |  |  |  |  |
Cost of services and product development - unallocated (1) |  | 8,627 |  |  | 3,380 |  |  |  |  |
Selling, general and administrative |  | 689,833 |  |  | 657,090 |  |  |  |  |
Depreciation and amortization |  | 49,307 |  |  | 46,631 |  |  |  |  |
Acquisition and integration charges |  | 460 |  |  | 1,368 |  |  |  |  |
Gain from sale of divested operation |  | — |  |  | (139,316) |  |  |  |  |
Operating income |  | 273,885 |  |  | 407,957 |  |  |  |  |
Interest expense and other, net |  | (14,328) |  |  | (29,757) |  |  |  |  |
Gain on event cancellation insurance claims |  | — |  |  | 3,077 |  |  |  |  |
Less: Provision for income taxes |  | 49,012 |  |  | 85,494 |  |  |  |  |
Net income |  | $ | 210,545 |  |  | $ | 295,783 |  |  |  |  |
(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 Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
Name: | us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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 -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-25 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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