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Operating Segments (Tables)
9 Months Ended
Sep. 30, 2017
Segment Reporting [Abstract]  
Schedule of Information about Reportable Segments

 

 

 

 

 

 

 

 

 

 

 

Project

 

 

 

 

 

 

 

Product

 

 

Research

 

 

Consulting

 

 

Consolidated

 

Three Months Ended September 30, 2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Research services revenues

 

$

54,235

 

 

$

 

 

$

 

 

$

54,235

 

Advisory services and events revenues

 

 

3,353

 

 

 

10,379

 

 

 

12,402

 

 

 

26,134

 

Total segment revenues

 

 

57,588

 

 

 

10,379

 

 

 

12,402

 

 

 

80,369

 

Segment expenses

 

 

9,764

 

 

 

11,953

 

 

 

6,443

 

 

 

28,160

 

Contribution margin (loss)

 

 

47,824

 

 

 

(1,574

)

 

 

5,959

 

 

 

52,209

 

Selling, marketing, administrative and other expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(45,263

)

Amortization of intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(197

)

Reorganization costs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other income and losses on investments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(626

)

Income before income taxes

 

 

 

 

 

 

 

 

 

 

 

 

 

$

6,123

 

 

 

 

 

 

 

 

 

 

 

 

Project

 

 

 

 

 

 

 

Product

 

 

Research

 

 

Consulting

 

 

Consolidated

 

Three Months Ended September 30, 2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Research services revenues

 

$

52,727

 

 

$

 

 

$

 

 

$

52,727

 

Advisory services and events revenues

 

 

2,333

 

 

 

10,330

 

 

 

12,037

 

 

 

24,700

 

Total segment revenues

 

 

55,060

 

 

 

10,330

 

 

 

12,037

 

 

 

77,427

 

Segment expenses

 

 

8,884

 

 

 

11,586

 

 

 

5,522

 

 

 

25,992

 

Contribution margin (loss)

 

 

46,176

 

 

 

(1,256

)

 

 

6,515

 

 

 

51,435

 

Selling, marketing, administrative and other expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(43,675

)

Amortization of intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(208

)

Reorganization costs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other income and losses on investments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(856

)

Income before income taxes

 

 

 

 

 

 

 

 

 

 

 

 

 

$

6,696

 

 

 

 

 

 

 

 

 

 

 

 

Project

 

 

 

 

 

 

 

Product

 

 

Research

 

 

Consulting

 

 

Consolidated

 

Nine Months Ended September 30, 2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Research services revenues

 

$

160,553

 

 

$

 

 

$

 

 

$

160,553

 

Advisory services and events revenues

 

 

15,714

 

 

 

32,279

 

 

 

38,750

 

 

 

86,743

 

Total segment revenues

 

 

176,267

 

 

 

32,279

 

 

 

38,750

 

 

 

247,296

 

Segment expenses

 

 

32,788

 

 

 

36,510

 

 

 

18,886

 

 

 

88,184

 

Contribution margin (loss)

 

 

143,479

 

 

 

(4,231

)

 

 

19,864

 

 

 

159,112

 

Selling, marketing, administrative and other expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(138,432

)

Amortization of intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(582

)

Reorganization costs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other income and losses on investments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(749

)

Income before income taxes

 

 

 

 

 

 

 

 

 

 

 

 

 

$

19,349

 

 

 

 

 

 

 

 

 

 

 

 

Project

 

 

 

 

 

 

 

Product

 

 

Research

 

 

Consulting

 

 

Consolidated

 

Nine Months Ended September 30, 2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Research services revenues

 

$

160,998

 

 

$

 

 

$

 

 

$

160,998

 

Advisory services and events revenues

 

 

14,191

 

 

 

33,244

 

 

 

34,216

 

 

 

81,651

 

Total segment revenues

 

 

175,189

 

 

 

33,244

 

 

 

34,216

 

 

 

242,649

 

Segment expenses

 

 

30,306

 

 

 

36,026

 

 

 

17,465

 

 

 

83,797

 

Contribution margin (loss)

 

 

144,883

 

 

 

(2,782

)

 

 

16,751

 

 

 

158,852

 

Selling, marketing, administrative and other expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(135,463

)

Amortization of intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(627

)

Reorganization costs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1,026

)

Other income and losses on investments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(765

)

Income before income taxes

 

 

 

 

 

 

 

 

 

 

 

 

 

$

20,971