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Operating Segments | 6 Months Ended
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Jun. 30, 2019
Segment Reporting [Abstract] |
Operating Segments | Note 12 — Operating Segments In conjunction with the acquisition of SiriusDecisions in the first quarter of 2019, the Company realigned its management structure into Products, Research and SiriusDecisions. The Products segment includes the revenues of the Connect, Analytics, and Events products (excluding the revenues from SiriusDecisions products) and the costs of the organizations responsible for developing and delivering these products. In addition, this segment includes Consulting revenues from the project consulting organization that is included in this segment. The project consulting organization delivers a majority of the Company’s project consulting revenue (excluding SiriusDecisions consulting) and certain advisory services primarily related to the Analytics product line. This segment also includes the costs of the product management organization that is responsible for product pricing and packaging and the launch of new products. The Research segment includes the revenues of the Research products and the cost of the organizations responsible for developing and delivering the Research products (excluding the costs and revenues from SiriusDecisions products). In addition, this segment includes Consulting revenues primarily from the delivery of advisory services (such as workshops, speeches and advisory days) delivered by the Company’s research analysts. The SiriusDecisions segment includes the revenues of the legacy SiriusDecisions products and the costs of the organizations responsible for developing and delivering these products. In addition, this segment includes the costs of marketing, technology development and business support departments of the legacy SiriusDecisions business. The Company evaluates reportable segment performance and allocates resources based on segment revenues and expenses. Segment expenses include the direct expenses of each segment organization and exclude, except as noted above for the SiriusDecisions segment, selling and marketing expenses, general and administrative expenses, stock-based compensation expense, depreciation expense, adjustments to incentive bonus compensation from target amounts, amortization of intangible assets, interest and other expense, and losses on investments. The accounting policies used by the segments are the same as those used in the consolidated financial statements. The Company is providing disaggregated revenue by product in the segment tables below (in thousands). The 2018 amounts have been reclassified to conform to the current presentation.
|  | Products |  |  | Research |  |  | Sirius Decisions |  |  | Consolidated |
Three Months Ended June 30, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Research services revenues |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Research |  | $ | — |  |  | $ | 41,506 |  |  | $ | 14,799 |  |  | $ | 56,305 |
Connect |  |  | 13,525 |  |  |  | — |  |  |  | 542 |  |  |  | 14,067 |
Analytics |  |  | 5,907 |  |  |  | — |  |  |  | — |  |  |  | 5,907 |
Total research services revenues |  |  | 19,432 |  |  |  | 41,506 |  |  |  | 15,341 |  |  |  | 76,279 |
Advisory services and events revenues |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Consulting |  |  | 19,021 |  |  |  | 13,503 |  |  |  | 1,493 |  |  |  | 34,017 |
Events |  |  | 7,194 |  |  |  | — |  |  |  | 10,693 |  |  |  | 17,887 |
Total advisory services and events revenues |  |  | 26,215 |  |  |  | 13,503 |  |  |  | 12,186 |  |  |  | 51,904 |
Total segment revenues |  |  | 45,647 |  |  |  | 55,009 |  |  |  | 27,527 |  |  |  | 128,183 |
Segment expenses |  |  | 23,431 |  |  |  | 13,747 |  |  |  | 15,498 |  |  |  | 52,676 |
Contribution margin |  |  | 22,216 |  |  |  | 41,262 |  |  |  | 12,029 |  |  |  | 75,507 |
Selling, marketing, administrative and other expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (63,299 | )
Amortization of intangible assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (5,099 | )
Acquisition and integration costs |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (2,487 | )
Interest, other expense and loss on investments |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (2,179 | )
Income before income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 2,443 |
|  | Products |  |  | Research |  |  | Sirius Decisions |  |  | Consolidated |
Three Months Ended June 30, 2018 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Research services revenues |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Research |  | $ | — |  |  | $ | 41,055 |  |  | $ | — |  |  | $ | 41,055 |
Connect |  |  | 12,538 |  |  |  | — |  |  |  | — |  |  |  | 12,538 |
Analytics |  |  | 4,707 |  |  |  | — |  |  |  | — |  |  |  | 4,707 |
Total research services revenues |  |  | 17,245 |  |  |  | 41,055 |  |  |  | — |  |  |  | 58,300 |
Advisory services and events revenues |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Consulting |  |  | 16,363 |  |  |  | 13,681 |  |  |  | — |  |  |  | 30,044 |
Events |  |  | 8,009 |  |  |  | — |  |  |  | — |  |  |  | 8,009 |
Total advisory services and events revenues |  |  | 24,372 |  |  |  | 13,681 |  |  |  | — |  |  |  | 38,053 |
Total segment revenues |  |  | 41,617 |  |  |  | 54,736 |  |  |  | — |  |  |  | 96,353 |
Segment expenses |  |  | 20,985 |  |  |  | 13,378 |  |  |  | — |  |  |  | 34,363 |
Contribution margin |  |  | 20,632 |  |  |  | 41,358 |  |  |  | — |  |  |  | 61,990 |
Selling, marketing, administrative and other expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (50,452 | )
Amortization of intangible assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (182 | )
Acquisition and integration costs |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (329 | )
Other expense and loss on investments |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 251 |
Income before income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 11,278 |
|  |  |  |  |  |  |  |  |  | Sirius |  |  |  |  |
|  | Product |  |  | Research |  |  | Decisions |  |  | Consolidated |
Six Months Ended June 30, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Research services revenues |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Research |  | $ | — |  |  | $ | 77,943 |  |  | $ | 28,142 |  |  | $ | 106,085 |
Connect |  |  | 26,640 |  |  |  | — |  |  |  | 998 |  |  |  | 27,638 |
Analytics |  |  | 11,165 |  |  |  | — |  |  |  | — |  |  |  | 11,165 |
Total research services revenues |  |  | 37,805 |  |  |  | 77,943 |  |  |  | 29,140 |  |  |  | 144,888 |
Advisory services and events revenues |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Consulting |  |  | 36,858 |  |  |  | 26,271 |  |  |  | 2,675 |  |  |  | 65,804 |
Events |  |  | 7,221 |  |  |  | — |  |  |  | 10,919 |  |  |  | 18,140 |
Total advisory services and events revenues |  |  | 44,079 |  |  |  | 26,271 |  |  |  | 13,594 |  |  |  | 83,944 |
Total segment revenues |  |  | 81,884 |  |  |  | 104,214 |  |  |  | 42,734 |  |  |  | 228,832 |
Segment expenses |  |  | 41,608 |  |  |  | 27,776 |  |  |  | 24,908 |  |  |  | 94,292 |
Contribution margin |  |  | 40,276 |  |  |  | 76,438 |  |  |  | 17,826 |  |  |  | 134,540 |
Selling, marketing, administrative and other expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (124,039 | )
Amortization of intangible assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (11,309 | )
Acquisition and integration costs |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (5,454 | )
Interest expense, other income and losses on investments |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (4,837 | )
Loss before income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | (11,099 | )
|  |  |  |  |  |  |  |  |  | Sirius |  |  |  |  |
|  | Products |  |  | Research |  |  | Decisions |  |  | Consolidated |
Six Months Ended June 30, 2018 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Research services revenues |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Research |  | $ | — |  |  | $ | 75,698 |  |  | $ | — |  |  | $ | 75,698 |
Connect |  |  | 25,102 |  |  |  | — |  |  |  | — |  |  |  | 25,102 |
Analytics |  |  | 9,200 |  |  |  | — |  |  |  | — |  |  |  | 9,200 |
Total research services revenues |  |  | 34,302 |  |  |  | 75,698 |  |  |  | — |  |  |  | 110,000 |
Advisory services and events revenues |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Consulting |  |  | 30,770 |  |  |  | 25,323 |  |  |  | — |  |  |  | 56,093 |
Events |  |  | 8,009 |  |  |  | — |  |  |  | — |  |  |  | 8,009 |
Total advisory services and events revenues |  |  | 38,779 |  |  |  | 25,323 |  |  |  | — |  |  |  | 64,102 |
Total segment revenues |  |  | 73,081 |  |  |  | 101,021 |  |  |  | — |  |  |  | 174,102 |
Segment expenses |  |  | 37,041 |  |  |  | 26,789 |  |  |  | — |  |  |  | 63,830 |
Contribution margin |  |  | 36,040 |  |  |  | 74,232 |  |  |  | — |  |  |  | 110,272 |
Selling, marketing, administrative and other expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (100,836 | )
Amortization of intangible assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (368 | )
Acquisition and integration costs |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (329 | )
Other income and losses on investments |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 108 |
Income before income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 8,847 |

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- References No definition available. + Details
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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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