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Operating Segments (Tables)
9 Months Ended
Sep. 30, 2021
Segment Reporting [Abstract]  
Schedule of Information by Reportable Segment

The Company provides information by reportable segment in the tables below (in thousands):

 

 

 

Research Segment

 

 

Consulting Segment

 

 

Events Segment

 

 

Consolidated

 

Three Months Ended September 30, 2021

 

 

 

 

 

 

 

 

 

 

 

 

Research revenues

 

$

79,876

 

 

$

 

 

$

 

 

$

79,876

 

Consulting revenues

 

 

10,587

 

 

 

26,806

 

 

 

 

 

 

37,393

 

Events revenues

 

 

 

 

 

 

 

 

867

 

 

 

867

 

Total segment revenues

 

 

90,463

 

 

 

26,806

 

 

 

867

 

 

 

118,136

 

Segment expenses

 

 

(28,657

)

 

 

(13,061

)

 

 

(1,966

)

 

 

(43,684

)

Selling, marketing, administrative and other expenses

 

 

 

 

 

 

 

 

 

 

 

(64,217

)

Amortization of intangible assets

 

 

 

 

 

 

 

 

 

 

 

(3,696

)

Interest expense, other expense, and gains on investments

 

 

 

 

 

 

 

 

 

 

 

(1,251

)

Income before income taxes

 

 

 

 

 

 

 

 

 

 

$

5,288

 

 

 

 

Research Segment

 

 

Consulting Segment

 

 

Events Segment

 

 

Consolidated

 

Three Months Ended September 30, 2020

 

 

 

 

 

 

 

 

 

 

 

 

Research revenues

 

$

74,445

 

 

$

 

 

$

 

 

$

74,445

 

Consulting revenues

 

 

11,878

 

 

 

21,123

 

 

 

 

 

 

33,001

 

Events revenues

 

 

 

 

 

 

 

 

1,131

 

 

 

1,131

 

Total segment revenues

 

 

86,323

 

 

 

21,123

 

 

 

1,131

 

 

 

108,577

 

Segment expenses

 

 

(28,645

)

 

 

(9,646

)

 

 

(1,284

)

 

 

(39,575

)

Selling, marketing, administrative and other expenses

 

 

 

 

 

 

 

 

 

 

 

(63,778

)

Amortization of intangible assets

 

 

 

 

 

 

 

 

 

 

 

(4,722

)

Integration costs

 

 

 

 

 

 

 

 

 

 

 

(328

)

Interest expense, other expense, and gains on investments

 

 

 

 

 

 

 

 

 

 

 

(1,533

)

Loss before income taxes

 

 

 

 

 

 

 

 

 

 

$

(1,359

)

 

 

 

Research Segment

 

 

Consulting Segment

 

 

Events Segment

 

 

Consolidated

 

Nine Months Ended September 30, 2021

 

 

 

 

 

 

 

 

 

 

 

 

Research revenues

 

$

235,846

 

 

$

 

 

$

 

 

$

235,846

 

Consulting revenues

 

 

36,160

 

 

 

80,743

 

 

 

 

 

 

116,903

 

Events revenues

 

 

 

 

 

 

 

 

7,838

 

 

 

7,838

 

Total segment revenues

 

 

272,006

 

 

 

80,743

 

 

 

7,838

 

 

 

360,587

 

Segment expenses

 

 

(88,791

)

 

 

(38,237

)

 

 

(5,712

)

 

 

(132,740

)

Selling, marketing, administrative and other expenses

 

 

 

 

 

 

 

 

 

 

 

(188,788

)

Amortization of intangible assets

 

 

 

 

 

 

 

 

 

 

 

(11,567

)

Integration costs

 

 

 

 

 

 

 

 

 

 

 

(334

)

Interest expense, other expense, and gains on investments

 

 

 

 

 

 

 

 

 

 

 

(4,117

)

Income before income taxes

 

 

 

 

 

 

 

 

 

 

$

23,041

 

 

 

 

Research Segment

 

 

Consulting Segment

 

 

Events Segment

 

 

Consolidated

 

Nine Months Ended September 30, 2020

 

 

 

 

 

 

 

 

 

 

 

 

Research revenues

 

$

223,746

 

 

$

 

 

$

 

 

$

223,746

 

Consulting revenues

 

 

36,388

 

 

 

62,076

 

 

 

 

 

 

98,464

 

Events revenues

 

 

 

 

 

 

 

 

6,253

 

 

 

6,253

 

Total segment revenues

 

 

260,134

 

 

 

62,076

 

 

 

6,253

 

 

 

328,463

 

Segment expenses

 

 

(81,979

)

 

 

(29,766

)

 

 

(5,167

)

 

 

(116,912

)

Selling, marketing, administrative and other expenses

 

 

 

 

 

 

 

 

 

 

 

(181,463

)

Amortization of intangible assets

 

 

 

 

 

 

 

 

 

 

 

(14,147

)

Integration costs

 

 

 

 

 

 

 

 

 

 

 

(3,815

)

Interest expense, other expense, and gains on investments

 

 

 

 

 

 

 

 

 

 

 

(1,904

)

Income before income taxes

 

 

 

 

 

 

 

 

 

 

$

10,222