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Operating Segments (Tables)
6 Months Ended
Jun. 30, 2015
Segment Reporting [Abstract]  
Summary of Information about Reportable Segments

 

 

 

 

 

 

 

 

 

 

 

Project

 

 

 

 

 

 

 

Products

 

 

Research

 

 

Consulting

 

 

Consolidated

 

Three Months Ended June 30, 2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Research services revenues

 

$

52,604

 

 

$

 

 

$

 

 

$

52,604

 

Advisory services and events revenues

 

 

8,255

 

 

 

11,323

 

 

 

10,629

 

 

 

30,207

 

Total segment revenues

 

 

60,859

 

 

 

11,323

 

 

 

10,629

 

 

 

82,811

 

Segment expenses

 

 

11,532

 

 

 

12,808

 

 

 

6,773

 

 

 

31,113

 

Contribution margin (loss)

 

 

49,327

 

 

 

(1,485

)

 

 

3,856

 

 

 

51,698

 

Selling, marketing, administrative and other expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(41,300

)

Amortization of intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(224

)

Reorganization costs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(81

)

Other income and gains (losses) on investments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(89

)

Income before income taxes

 

 

 

 

 

 

 

 

 

 

 

 

 

$

10,004

 

 

 

 

 

 

 

 

 

 

 

 

Project

 

 

 

 

 

 

 

Products

 

 

Research

 

 

Consulting

 

 

Consolidated

 

Three Months Ended June 30, 2014

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Research services revenues

 

$

52,322

 

 

$

 

 

$

 

 

$

52,322

 

Advisory services and events revenues

 

 

9,994

 

 

 

12,672

 

 

 

7,959

 

 

 

30,625

 

Total segment revenues

 

 

62,316

 

 

 

12,672

 

 

 

7,959

 

 

 

82,947

 

Segment expenses

 

 

11,894

 

 

 

13,399

 

 

 

6,438

 

 

 

31,731

 

Contribution margin (loss)

 

 

50,422

 

 

 

(727

)

 

 

1,521

 

 

 

51,216

 

Selling, marketing, administrative and other expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(42,561

)

Amortization of intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(536

)

Reorganization costs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1,039

)

Other income and gains (losses) on investments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

122

 

Income before income taxes

 

 

 

 

 

 

 

 

 

 

 

 

 

$

7,202

 

 

 

 

 

 

 

 

 

 

 

 

Project

 

 

 

 

 

 

 

Products

 

 

Research

 

 

Consulting

 

 

Consolidated

 

Six Months Ended June 30, 2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Research services revenues

 

$

104,462

 

 

$

 

 

$

 

 

$

104,462

 

Advisory services and events revenues

 

 

10,722

 

 

 

21,650

 

 

 

21,164

 

 

 

53,536

 

Total segment revenues

 

 

115,184

 

 

 

21,650

 

 

 

21,164

 

 

 

157,998

 

Segment expenses

 

 

19,881

 

 

 

25,756

 

 

 

13,733

 

 

 

59,370

 

Contribution margin (loss)

 

 

95,303

 

 

 

(4,106

)

 

 

7,431

 

 

 

98,628

 

Selling, marketing, administrative and other expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(85,300

)

Amortization of intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(445

)

Reorganization costs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(3,505

)

Other income and gains (losses) on investments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

174

 

Income before income taxes

 

 

 

 

 

 

 

 

 

 

 

 

 

$

9,552

 

 

 

 

 

 

 

 

 

 

 

 

Project

 

 

 

 

 

 

 

Products

 

 

Research

 

 

Consulting

 

 

Consolidated

 

Six Months Ended June 30, 2014

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Research services revenues

 

$

103,115

 

 

$

 

 

$

 

 

$

103,115

 

Advisory services and events revenues

 

 

12,851

 

 

 

26,648

 

 

 

13,404

 

 

 

52,903

 

Total segment revenues

 

 

115,966

 

 

 

26,648

 

 

 

13,404

 

 

 

156,018

 

Segment expenses

 

 

20,245

 

 

 

27,374

 

 

 

12,115

 

 

 

59,734

 

Contribution margin (loss)

 

 

95,721

 

 

 

(726

)

 

 

1,289

 

 

 

96,284

 

Selling, marketing, administrative and other expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(86,221

)

Amortization of intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1,075

)

Reorganization costs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1,888

)

Other income and gains (losses) on investments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

95

 

Income before income taxes

 

 

 

 

 

 

 

 

 

 

 

 

 

$

7,195