SEGMENT AND GEOGRAPHICAL INFORMATION

12 Months Ended

Dec. 31, 2021

SEGMENT AND GEOGRAPHICAL INFORMATION

NOTE 17—SEGMENT AND GEOGRAPHICAL INFORMATION

The Company operates in one segment, fact-based sourcing advisory services. The Company operates principally in the Americas, Europe, and Asia Pacific. The Company’s foreign operations are subject to local government regulations and to the economic and political uncertainties of those areas.

Geographical information for the segment is as follows:


	Year Ended
	December 31,
	2021		2020
Revenues
Americas⁽¹⁾	$	160,181	$	141,227
Europe⁽²⁾		90,256		87,131
Asia Pacific⁽³⁾		27,395		20,770
	$	277,832	$	249,128
Fixed assets
Americas	$	2,598	$	3,114
Europe		2,119		1,709
Asia Pacific		576		178
	$	5,293	$	5,001

⁽¹⁾	Substantially all relates to operations in the United States.

⁽²⁾	Includes revenues from operations in Germany of $50.0 million and $43.5 million in 2021 and 2020, respectively. Includes revenues from operations in the United Kingdom of $15.2 million and $19.0 million in 2021 and 2020, respectively.

⁽³⁾	Includes revenues from operations in Australia of $23.1 million and $16.9 million in 2021 and 2020, respectively.

The segregation of revenues by geographic region is based upon the location of the legal entity performing the services. The Company does not measure or monitor gross profit or operating income by geography or any other measure or metric, other than consolidated, for the purposes of making operating decisions or allocating resources.

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

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+ Details