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Interim Consolidated Financial Statements (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2018
ASC 606 [Member] |
Summary Of Significant Accounting Policy [Line Items] |
Summary of Effect of Adopting ASC 606 on Company's Financial Statements | The following tables summarize the effect of adopting ASC 606 on the Company’s financial statements during and as of the three and six months ended June 30, 2018 (in thousands):
Consolidated Balance Sheet |  |  |  |  |  |  |
| As of June 30, 2018 |
|  |  |  |  | Amounts as |
|  |  |  |  | if Previous |
|  |  |  |  | Guidance in |
| As Reported |  |  | Effect |
Accounts receivable, net | $ | 49,486 |  |  | $ | 53,040 |
Deferred commissions |  | 12,514 |  |  |  | 11,734 |
Prepaid expenses and other current assets |  | 12,789 |  |  |  | 17,573 |
Total current assets |  | 217,876 |  |  |  | 225,434 |
Other assets |  | 7,756 |  |  |  | 7,194 |
Total assets |  | 326,142 |  |  |  | 333,138 |
Deferred revenue | $ | 143,023 |  |  | $ | 152,033 |
Total current liabilities |  | 177,937 |  |  |  | 186,947 |
Total liabilities |  | 186,031 |  |  |  | 195,041 |
Retained earnings |  | 125,698 |  |  |  | 123,684 |
Total stockholders’ equity |  | 140,111 |  |  |  | 138,097 |
Total liabilities and stockholders’ equity |  | 326,142 |  |  |  | 333,138 |
Consolidated Statement of Income |  |  |  |  |  |  |
| Three Months Ended June 30, 2018 |
|  |  |  |  | Amounts as |
|  |  |  |  | if Previous |
|  |  |  |  | Guidance in |
| As Reported |  |  | Effect |
Revenues: |  |  |  |  |  |  |
Research services | $ | 58,300 |  |  | $ | 58,323 |
Advisory services and events |  | 38,053 |  |  |  | 38,146 |
Total revenues |  | 96,353 |  |  |  | 96,469 |
Operating expenses: |  |  |  |  |  |  |
Cost of services and fulfillment |  | 39,071 |  |  |  | 38,913 |
Selling and marketing |  | 32,709 |  |  |  | 32,558 |
Total operating expenses |  | 85,326 |  |  |  | 85,017 |
Income from operations |  | 11,027 |  |  |  | 11,452 |
Income before income taxes |  | 11,278 |  |  |  | 11,703 |
Income tax provision |  | 3,490 |  |  |  | 3,650 |
Net income |  | 7,788 |  |  |  | 8,053 |
Basic income per common share | $ | 0.43 |  |  | $ | 0.45 |
Diluted income per common share | $ | 0.43 |  |  | $ | 0.44 |
Consolidated Statement of Income |  |  |  |  |  |  |
| Six Months Ended June 30, 2018 |
|  |  |  |  | Amounts as |
|  |  |  |  | if Previous |
|  |  |  |  | Guidance in |
| As Reported |  |  | Effect |
Revenues: |  |  |  |  |  |  |
Research services | $ | 110,000 |  |  | $ | 111,710 |
Advisory services and events |  | 64,102 |  |  |  | 64,764 |
Total revenues |  | 174,102 |  |  |  | 176,474 |
Operating expenses: |  |  |  |  |  |  |
Cost of services and fulfillment |  | 73,176 |  |  |  | 73,003 |
Selling and marketing |  | 65,720 |  |  |  | 65,631 |
Total operating expenses |  | 165,363 |  |  |  | 165,101 |
Income from operations |  | 8,739 |  |  |  | 11,373 |
Income before income taxes |  | 8,847 |  |  |  | 11,481 |
Income tax provision |  | 2,792 |  |  |  | 3,637 |
Net income |  | 6,055 |  |  |  | 7,844 |
Basic income per common share | $ | 0.34 |  |  | $ | 0.44 |
Diluted income per common share | $ | 0.33 |  |  | $ | 0.43 |
Consolidated Statement of Comprehensive Income |  |  |  |  |  |  |
| Three Months Ended June 30, 2018 |
|  |  |  |  | Amounts as |
|  |  |  |  | if Previous |
|  |  |  |  | Guidance in |
| As Reported |  |  | Effect |
Net income | $ | 7,788 |  |  | $ | 8,053 |
Comprehensive income |  | 4,456 |  |  |  | 4,721 |
Consolidated Statement of Comprehensive Income |  |  |  |  |  |  |
| Six Months Ended June 30, 2018 |
|  |  |  |  | Amounts as |
|  |  |  |  | if Previous |
|  |  |  |  | Guidance in |
| As Reported |  |  | Effect |
Net income | $ | 6,055 |  |  | $ | 7,844 |
Comprehensive income |  | 4,311 |  |  |  | 6,100 |
Consolidated Statement of Cash Flows |  |  |  |  |  |  |
| Six Months Ended June 30, 2018 |
|  |  |  |  | Amounts as |
|  |  |  |  | if Previous |
|  |  |  |  | Guidance in |
| As Reported |  |  | Effect |
Cash flows from operating activities: |  |  |  |  |  |  |
Net income | $ | 6,055 |  |  | $ | 7,844 |
Accounts receivable |  | 20,020 |  |  |  | 16,466 |
Deferred commissions |  | 2,086 |  |  |  | 1,824 |
Prepaid expenses and other current assets |  | 280 |  |  |  | 1,125 |
Deferred revenue |  | 6,533 |  |  |  | 7,715 |

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