XML 38 R25.htm IDEA: XBRL DOCUMENT
v3.20.1

Summary of Significant Accounting Policies (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2019
Accounting Policies [Abstract] |
Future Contractual Obligations for Operating Leases | Under prior GAAP, as of December 31, 2018, the Company’s future contractual obligations for operating leases were as follows (in thousands):
2019 | $ | 12,498 |
2020 |  | 11,762 |
2021 |  | 10,145 |
2022 |  | 8,552 |
2023 |  | 7,856 |
Thereafter |  | 22,222 |
Total minimum lease payments | $ | 73,035 |
Summary of End-of-period Cash and Cash Equivalents and Cash, Cash Equivalents and Restricted Cash from Financial Statements | The following table summarizes the end-of-period cash and cash equivalents from the Company's Consolidated Balance Sheets and the total cash, cash equivalents and restricted cash as presented in the accompanying Consolidated Statements of Cash Flows (in thousands).
| For the Year Ended December 31, |
| 2019 |  |  | 2018 |
Cash and cash equivalents | $ | 67,904 |  |  | $ | 140,296 |
Restricted cash classified in (1): |  |  |  |  |  |  |
Prepaid expenses and other current assets |  | 1,250 |  |  |  | — |
Other assets |  | 38 |  |  |  | — |
Cash, cash equivalents and restricted cash shown in statement of cash flows | $ | 69,192 |  |  | $ | 140,296 |
(1) | Restricted cash consists primarily of collateral required for letters of credit related to the Company’s office space leases. The short-term or long-term classification is determined in accordance with the expiration of the underlying lease as the letters of credit are non-cancellable while the leases are in effect.
Schedule of Components of Accumulated Other Comprehensive Income (Loss) | The components of accumulated other comprehensive income (loss) are as follows (in thousands):
|  | Net Unrealized Gain (Loss) on |  |  | Net Unrealized Gain (Loss) on |  |  | Cumulative |  |  | Total Accumulated Other |
|  | Marketable Investments |  |  | Interest Rate Swaps |  |  | Translation Adjustment |  |  | Comprehensive Income (Loss) |
Balance at December 31, 2016 |  | $ | (83 | ) |  | $ | — |  |  | $ | (7,490 | ) |  | $ | (7,573 | )
Foreign currency translation |  |  | — |  |  |  | — |  |  |  | 5,593 |  |  |  | 5,593 |
Unrealized loss on investments, net of tax of $22 |  |  | (32 | ) |  |  | — |  |  |  | — |  |  |  | (32 | )
Balance at December 31, 2017 |  |  | (115 | ) |  |  | — |  |  |  | (1,897 | ) |  |  | (2,012 | )
Foreign currency translation |  |  | — |  |  |  | — |  |  |  | (3,257 | ) |  |  | (3,257 | )
Reclassification of stranded tax effects from tax reform |  |  | (26 | ) |  |  | — |  |  |  | — |  |  |  | (26 | )
Unrealized gain on investments before reclassification, net of tax of $(4) |  |  | 12 |  |  |  | — |  |  |  | — |  |  |  | 12 |
Reclassification adjustment for net losses realized in net income, net of tax of $(75) |  |  | 129 |  |  |  | — |  |  |  | — |  |  |  | 129 |
Balance at December 31, 2018 |  |  | — |  |  |  | — |  |  |  | (5,154 | ) |  |  | (5,154 | )
Foreign currency translation |  |  | — |  |  |  | — |  |  |  | 401 |  |  |  | 401 |
Unrealized loss on interest rate swap, net of tax of $40 |  |  | — |  |  |  | (104 | ) |  |  | — |  |  |  | (104 | )
Balance at December 31, 2019 |  | $ | — |  |  | $ | (104 | ) |  | $ | (4,753 | ) |  | $ | (4,857 | )
Summary of Stock-Based Compensation Expense Recorded in Expense Categories | Stock-based compensation expense was recorded in the following expense categories (in thousands):
|  | Years Ended December 31, |
|  | 2019 |  |  | 2018 |  |  | 2017 |
Cost of services and fulfillment |  | $ | 6,627 |  |  | $ | 4,329 |  |  | $ | 4,538 |
Selling and marketing |  |  | 1,768 |  |  |  | 1,065 |  |  |  | 717 |
General and administrative |  |  | 3,289 |  |  |  | 2,906 |  |  |  | 3,235 |
Total |  | $ | 11,684 |  |  | $ | 8,300 |  |  | $ | 8,490 |
Shares Subject to Employee Stock Purchase Plan Valuation Assumptions | Shares subject to the employee stock purchase plan were valued utilizing the Black-Scholes model using the following assumptions and had the following fair values (no options were granted in 2019, 2018 or 2017):
|  | Years Ended December 31, |
|  | 2019 |  |  | 2018 |  |  | 2017 |
Average risk-free interest rate |  |  | 1.89 | % |  |  | 1.90 | % |  |  | 0.90 | %
Expected dividend yield |  |  | 0.0 | % |  |  | 1.9 | % |  |  | 1.9 | %
Expected life |  | 0.5 Years |  |  | 0.5 Years |  |  | 0.5 Years |
Expected volatility |  |  | 30 | % |  |  | 23 | % |  |  | 24 | %
Weighted average fair value |  | $ | 8.29 |  |  | $ | 9.13 |  |  | $ | 8.36 |
Depreciation and Amortization of Property and Equipment, Useful Life | Forrester provides for depreciation and amortization of property and equipment, computed using the straight-line method, over estimated useful lives of assets as follows:
|  | Estimated
|  | Useful Life
Computers and equipment |  | 3 to 10 Years
Computer software |  | 3 to 5 Years
Furniture and fixtures |  | 7 Years
Leasehold improvements |  | Shorter of asset life or lease term
Amortization of Intangible Assets, Useful Life | Forrester provides for amortization of intangible assets, computed using an accelerated method according to the expected cash flows to be received from the underlying assets, over the respective lives as follows:
|  | Estimated
|  | Useful Life
Customer relationships |  | 5 to 11 Years
Technology |  | 1 to 8 Years
Backlog |  | 2 Years
Trademarks |  | 8 to 16 Years
Schedule of Basic and Diluted Weighted Average Common Shares | Basic and diluted weighted average common shares are as follows (in thousands):
|  | Years Ended December 31, |
|  | 2019 |  |  | 2018 |  |  | 2017 |
Basic weighted average common shares outstanding |  |  | 18,492 |  |  |  | 18,091 |  |  |  | 17,919 |
Weighted average common equivalent shares |  |  | — |  |  |  | 289 |  |  |  | 321 |
Diluted weighted average common shares outstanding |  |  | 18,492 |  |  |  | 18,380 |  |  |  | 18,240 |
Options and restricted stock units excluded from diluted weighted average share calculation as effect would have been anti-dilutive |  |  | 1,099 |  |  |  | 8 |  |  |  | 133 |

X
- Definition Cash and Cash Equivalents and Restrictions on Cash and Cash Equivalents + References No definition available. + Details
Name: | forr_CashAndCashEquivalentsAndRestrictionsOnCashAndCashEquivalentsTableTextBlock
Namespace Prefix: | forr_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the policy for depreciation and amortization of property and equipment assets in terms of the estimated useful life of those assets. + References No definition available. + Details
Name: | forr_PropertyAndEquipmentEstimatedUsefulLifeTableTextBlock
Namespace Prefix: | forr_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_AccountingPoliciesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of amortization expense of assets, excluding financial assets, that lack physical substance, having a limited useful life. + References No definition available. + Details
Name: | us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of accumulated other comprehensive income (loss). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -URI http://asc.fasb.org/extlink&oid=118930883&loc=SL7669686-108580 + Details
Name: | us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of cost recognized for award under share-based payment arrangement by plan. Includes, but is not limited to, related tax benefit. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfCompensationCostForShareBasedPaymentArrangementsAllocationOfShareBasedCompensationCostsByPlanTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of future minimum payments required in the aggregate and for each of the five succeeding fiscal years for operating leases having initial or remaining noncancelable lease terms in excess of one year and the total minimum rentals to be received in the future under noncancelable subleases as of the balance sheet date. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=77902758&loc=d3e41502-112717 + Details
Name: | us-gaap_ScheduleOfFutureMinimumRentalPaymentsForOperatingLeasesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the weighted average number of shares used in calculating basic net earnings per share (or unit) and diluted earnings per share (or unit). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
Name: | us-gaap_ScheduleOfWeightedAverageNumberOfSharesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration