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Operating Segment and Enterprise Wide Reporting (Tables)
12 Months Ended
Dec. 31, 2016
Segment Reporting [Abstract]  
Schedule of Information about Reportable Segments

The following tables present information about reportable segments (in thousands):

 

 

 

 

 

 

 

 

 

 

 

Project

 

 

 

 

 

 

 

Product

 

 

Research

 

 

Consulting

 

 

Consolidated

 

Year Ended December 31, 2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Research services revenues

 

$

215,216

 

 

$

 

 

$

 

 

$

215,216

 

Advisory services and events revenues

 

 

20,374

 

 

 

45,601

 

 

 

44,904

 

 

 

110,879

 

Total segment revenues

 

 

235,590

 

 

 

45,601

 

 

 

44,904

 

 

 

326,095

 

Segment expenses

 

 

41,528

 

 

 

51,132

 

 

 

26,647

 

 

 

119,307

 

Contribution margin (loss)

 

 

194,062

 

 

 

(5,531

)

 

 

18,257

 

 

 

206,788

 

Selling, marketing, administrative and other expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(174,157

)

Amortization of intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(831

)

Reorganization costs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1,026

)

Other income and losses on investments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(65

)

Income before income taxes

 

 

 

 

 

 

 

 

 

 

 

 

 

$

30,709

 

 

 

 

 

 

 

 

 

 

 

 

Project

 

 

 

 

 

 

 

Product

 

 

Research

 

 

Consulting

 

 

Consolidated

 

Year Ended December 31, 2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Research services revenues

 

$

210,268

 

 

$

 

 

$

 

 

$

210,268

 

Advisory services and events revenues

 

 

17,512

 

 

 

42,997

 

 

 

42,949

 

 

 

103,458

 

Total segment revenues

 

 

227,780

 

 

 

42,997

 

 

 

42,949

 

 

 

313,726

 

Segment expenses

 

 

38,615

 

 

 

51,510

 

 

 

27,320

 

 

 

117,445

 

Contribution margin (loss)

 

 

189,165

 

 

 

(8,513

)

 

 

15,629

 

 

 

196,281

 

Selling, marketing, administrative and other expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(172,130

)

Amortization of intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(891

)

Reorganization costs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(4,433

)

Other income and losses on investments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

493

 

Income before income taxes

 

 

 

 

 

 

 

 

 

 

 

 

 

$

19,320

 

 

 

 

 

 

 

 

 

 

 

 

Project

 

 

 

 

 

 

 

Product

 

 

Research

 

 

Consulting

 

 

Consolidated

 

Year Ended December 31, 2014

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Research services revenues

 

$

207,517

 

 

$

 

 

$

 

 

$

207,517

 

Advisory services and events revenues

 

 

20,759

 

 

 

48,658

 

 

 

35,128

 

 

 

104,545

 

Total segment revenues

 

 

228,276

 

 

 

48,658

 

 

 

35,128

 

 

 

312,062

 

Segment expenses

 

 

39,466

 

 

 

53,307

 

 

 

27,236

 

 

 

120,009

 

Contribution margin (loss)

 

 

188,810

 

 

 

(4,649

)

 

 

7,892

 

 

 

192,053

 

Selling, marketing, administrative and other expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(169,852

)

Amortization of intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(2,171

)

Reorganization costs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1,817

)

Other income and losses on investments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

176

 

Income before income taxes

 

 

 

 

 

 

 

 

 

 

 

 

 

$

18,389

 

 

Schedule of Net Long-lived Tangible Assets by Location

Net long-lived tangible assets by location as of December 31, 2016 and 2015 are as follows (in thousands):

 

 

 

2016

 

 

2015

 

United States

 

$

22,150

 

 

$

24,914

 

United Kingdom

 

 

782

 

 

 

1,176

 

Europe (excluding United Kingdom)

 

 

259

 

 

 

381

 

Other

 

 

703

 

 

 

1,098

 

Total

 

$

23,894

 

 

$

27,569

 

 

Schedule of Revenues by Geographic Destination and as a Percentage of Total Revenues

Revenues by geographic destination and as a percentage of total revenues for the years ended December 31, 2016, 2015, and 2014 are as follows (dollars in thousands):

 

 

 

2016

 

 

2015

 

 

2014

 

United States

 

$

252,222

 

 

$

241,025

 

 

$

232,440

 

Europe (excluding United Kingdom)

 

 

27,061

 

 

 

24,607

 

 

 

30,257

 

United Kingdom

 

 

14,808

 

 

 

16,815

 

 

 

16,804

 

Canada

 

 

13,806

 

 

 

14,424

 

 

 

17,089

 

Other

 

 

18,198

 

 

 

16,855

 

 

 

15,472

 

Total

 

$

326,095

 

 

$

313,726

 

 

$

312,062

 

 

 

 

2016

 

 

2015

 

 

2014

 

United States

 

 

77

%

 

 

77

%

 

 

74

%

Europe (excluding United Kingdom)

 

 

8

%

 

 

8

%

 

 

10

%

United Kingdom

 

 

5

%

 

 

5

%

 

 

5

%

Canada

 

 

4

%

 

 

5

%

 

 

6

%

Other

 

 

6

%

 

 

5

%

 

 

5

%

Total

 

 

100

%

 

 

100

%

 

 

100

%