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Operating Segment and Enterprise Wide Reporting (Tables)
12 Months Ended
Dec. 31, 2018
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, 2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Research services revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Research

 

$

157,669

 

 

$

 

 

$

 

 

$

157,669

 

Connect

 

 

50,820

 

 

 

 

 

 

 

 

 

50,820

 

Analytics

 

 

19,910

 

 

 

 

 

 

 

 

 

19,910

 

Total research services revenues

 

 

228,399

 

 

 

 

 

 

 

 

 

228,399

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Advisory services and events revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Advisory services

 

 

 

 

 

41,086

 

 

 

478

 

 

 

41,564

 

Consulting services

 

 

8,649

 

 

 

10,027

 

 

 

55,465

 

 

 

74,141

 

Events

 

 

13,471

 

 

 

 

 

 

 

 

 

13,471

 

Total advisory services and events revenues

 

 

22,120

 

 

 

51,113

 

 

 

55,943

 

 

 

129,176

 

Total segment revenues

 

 

250,519

 

 

 

51,113

 

 

 

55,943

 

 

 

357,575

 

Segment expenses

 

 

50,551

 

 

 

51,129

 

 

 

27,981

 

 

 

129,661

 

Contribution margin (loss)

 

 

199,968

 

 

 

(16

)

 

 

27,962

 

 

 

227,914

 

Selling, marketing, administrative and other expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(200,540

)

Amortization of intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1,162

)

Acquisition and integration costs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(3,787

)

Reorganization costs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other income and gains (losses) on investments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1,100

 

Income before income taxes

 

 

 

 

 

 

 

 

 

 

 

 

 

$

23,525

 

 

 

 

 

 

 

 

 

 

 

 

Project

 

 

 

 

 

 

 

Product

 

 

Research

 

 

Consulting

 

 

Consolidated

 

Year Ended December 31, 2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Research services revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Research

 

$

148,935

 

 

$

 

 

$

 

 

$

148,935

 

Connect

 

 

48,798

 

 

 

 

 

 

 

 

 

48,798

 

Analytics

 

 

18,738

 

 

 

 

 

 

 

 

 

18,738

 

Total research services revenues

 

 

216,471

 

 

 

 

 

 

 

 

 

216,471

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Advisory services and events revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Advisory services

 

 

 

 

 

36,074

 

 

 

320

 

 

 

36,394

 

Consulting services

 

 

10,132

 

 

 

8,980

 

 

 

53,941

 

 

 

73,053

 

Events

 

 

11,755

 

 

 

 

 

 

 

 

 

11,755

 

Total advisory services and events revenues

 

 

21,887

 

 

 

45,054

 

 

 

54,261

 

 

 

121,202

 

Total segment revenues

 

 

238,358

 

 

 

45,054

 

 

 

54,261

 

 

 

337,673

 

Segment expenses

 

 

45,205

 

 

 

48,812

 

 

 

25,477

 

 

 

119,494

 

Contribution margin (loss)

 

 

193,153

 

 

 

(3,758

)

 

 

28,784

 

 

 

218,179

 

Selling, marketing, administrative and other expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(189,849

)

Amortization of intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(781

)

Acquisition and integration costs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Reorganization costs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other income and gains (losses) on investments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(178

)

Income before income taxes

 

 

 

 

 

 

 

 

 

 

 

 

 

$

27,371

 

 

 

 

 

 

 

 

 

 

 

 

 

Project

 

 

 

 

 

 

 

Product

 

 

Research

 

 

Consulting

 

 

Consolidated

 

Year Ended December 31, 2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Research services revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Research

 

$

147,576

 

 

$

 

 

$

 

 

$

147,576

 

Connect

 

 

47,291

 

 

 

 

 

 

 

 

 

47,291

 

Analytics

 

 

20,349

 

 

 

 

 

 

 

 

 

20,349

 

Total research services revenues

 

 

215,216

 

 

 

 

 

 

 

 

 

215,216

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Advisory services and events revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Advisory services

 

 

 

 

 

34,392

 

 

 

590

 

 

 

34,982

 

Consulting services

 

 

9,547

 

 

 

10,239

 

 

 

45,284

 

 

 

65,070

 

Events

 

 

10,827

 

 

 

 

 

 

 

 

 

10,827

 

Total advisory services and events revenues

 

 

20,374

 

 

 

44,631

 

 

 

45,874

 

 

 

110,879

 

Total segment revenues

 

 

235,590

 

 

 

44,631

 

 

 

45,874

 

 

 

326,095

 

Segment expenses

 

 

41,528

 

 

 

47,496

 

 

 

23,141

 

 

 

112,165

 

Contribution margin (loss)

 

 

194,062

 

 

 

(2,865

)

 

 

22,733

 

 

 

213,930

 

Selling, marketing, administrative and other expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(181,299

)

Amortization of intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(831

)

Acquisition and integration costs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Reorganization costs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1,026

)

Other income and gains (losses) on investments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(65

)

Income before income taxes

 

 

 

 

 

 

 

 

 

 

 

 

 

$

30,709

 

Schedule of Net Long-lived Tangible Assets by Location

Net long-lived tangible assets by location as of December 31, 2018 and 2017 are as follows (in thousands):

 

 

 

 

2018

 

 

2017

 

United States

 

$

20,880

 

 

$

23,943

 

United Kingdom

 

 

522

 

 

 

727

 

Europe (excluding United Kingdom)

 

 

83

 

 

 

163

 

Asia Pacific

 

 

517

 

 

 

413

 

Other

 

 

3

 

 

 

3

 

Total

 

$

22,005

 

 

$

25,249

 

Schedule of Revenues by Geographic Destination, Based on Location Products and Services and as a Percentage of Total Revenues

Revenues by geographic destination, based on the location products and services are consumed, and as a percentage of total revenues for the years ended December 31, 2018, 2017, and 2016 are as follows (dollars in thousands):

 

 

 

2018

 

 

2017

 

 

2016

 

United States

 

 

77

%

 

 

77

%

 

 

77

%

Europe (excluding United Kingdom)

 

 

8

 

 

 

9

 

 

 

8

 

United Kingdom

 

 

4

 

 

 

4

 

 

 

5

 

Canada

 

 

4

 

 

 

4

 

 

 

4

 

Asia Pacific

 

 

5

 

 

 

4

 

 

 

4

 

Other

 

 

2

 

 

 

2

 

 

 

2

 

Total

 

 

100

%

 

 

100

%

 

 

100

%

 

 

 

 

2018

 

 

2017

 

 

2016

 

United States

 

$

274,151

 

 

$

260,077

 

 

$

252,222

 

Europe (excluding United Kingdom)

 

 

29,741

 

 

 

28,525

 

 

 

27,061

 

United Kingdom

 

 

15,273

 

 

 

13,651

 

 

 

14,808

 

Canada

 

 

15,569

 

 

 

14,523

 

 

 

13,806

 

Asia Pacific

 

 

17,839

 

 

 

15,952

 

 

 

13,686

 

Other

 

 

5,002

 

 

 

4,945

 

 

 

4,512

 

Total

 

$

357,575

 

 

$

337,673

 

 

$

326,095