XML 41 R24.htm IDEA: XBRL DOCUMENT
v3.22.4

Summary of Significant Accounting Policies (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2022
Accounting Policies [Abstract] |
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, |
| 2022 |  |  | 2021 |
Cash and cash equivalents | $ | 103,629 |  |  | $ | 115,769 |
Restricted cash classified in other assets (1): |  | 2,025 |  |  |  | 2,262 |
Cash, cash equivalents and restricted cash shown in statement of cash flows | $ | 105,654 |  |  | $ | 118,031 |
(1) Restricted cash consists of collateral required for leased office space. The short-term or long-term classification regarding the collateral for the leased office space is determined in accordance with the expiration of the underlying leases.
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, |
|  | 2022 |  |  | 2021 |  |  | 2020 |
Cost of services and fulfillment |  | $ | 8,435 |  |  | $ | 6,057 |  |  | $ | 6,156 |
Selling and marketing |  |  | 2,774 |  |  |  | 1,698 |  |  |  | 1,751 |
General and administrative |  |  | 3,334 |  |  |  | 2,315 |  |  |  | 2,970 |
Total |  | $ | 14,543 |  |  | $ | 10,070 |  |  | $ | 10,877 |
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 2022, 2021, or 2020):
|  | Years Ended December 31, |
|  | 2022 |  |  | 2021 |  |  | 2020 |
Average risk-free interest rate |  |  | 3.71 | % |  |  | 0.05 | % |  |  | 0.12 | %
Expected dividend yield |  |  | 0.0 | % |  |  | 0.0 | % |  |  | 0.0 | %
Expected life |  | 0.5 Years |  |  | 0.5 Years |  |  | 0.5 Years |
Expected volatility |  |  | 33 | % |  |  | 30 | % |  |  | 93 | %
Weighted average fair value |  | $ | 10.22 |  |  | $ | 11.20 |  |  | $ | 14.57 |
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 their estimated useful lives of its 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, Estimated 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 their estimated useful lives as follows:
|  | Estimated
|  | Useful Life
Customer relationships |  | 5 to 9 Years
Technology |  | 1 to 8 Years
Trademarks |  | 6 to 8 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, |
|  | 2022 |  |  | 2021 |  |  | 2020 |
Basic weighted average common shares outstanding |  |  | 18,967 |  |  |  | 19,110 |  |  |  | 18,827 |
Weighted average common equivalent shares |  |  | 205 |  |  |  | 247 |  |  |  | 108 |
Diluted weighted average common shares outstanding |  |  | 19,172 |  |  |  | 19,357 |  |  |  | 18,935 |
Options and restricted stock units excluded from diluted weighted average share calculation as effect would have been anti-dilutive |  |  | 210 |  |  |  | 3 |  |  |  | 326 |

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: | dtr-types: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: | dtr-types: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: | dtr-types: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 https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfCompensationCostForShareBasedPaymentArrangementsAllocationOfShareBasedCompensationCostsByPlanTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types: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 https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types: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 https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 + Details
Name: | us-gaap_ScheduleOfWeightedAverageNumberOfSharesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration