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Operating Segments (Tables)
6 Months Ended
Jun. 30, 2019
Segment Reporting [Abstract]  
Schedule of Information about Reportable Segments

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