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Operating Segments (Tables)
6 Months Ended
Jun. 30, 2023
Segment Reporting [Abstract]  
Schedule of Information about Reportable Segments, Disaggregation of Revenue by Product

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

 

 

 

Research Segment

 

 

Consulting Segment

 

 

Events Segment

 

 

Consolidated

 

Three Months Ended June 30, 2023

 

 

 

 

 

 

 

 

 

 

 

 

Research revenues

 

$

87,699

 

 

$

 

 

$

 

 

$

87,699

 

Consulting revenues

 

 

7,003

 

 

 

22,967

 

 

 

 

 

 

29,970

 

Events revenues

 

 

 

 

 

 

 

 

17,920

 

 

 

17,920

 

Total segment revenues

 

 

94,702

 

 

 

22,967

 

 

 

17,920

 

 

 

135,589

 

Segment expenses

 

 

(32,536

)

 

 

(11,429

)

 

 

(10,524

)

 

 

(54,489

)

Selling, marketing, administrative and other expenses

 

 

 

 

 

 

 

 

 

 

 

(59,212

)

Amortization of intangible assets

 

 

 

 

 

 

 

 

 

 

 

(3,068

)

Restructuring and related costs

 

 

 

 

 

 

 

 

 

 

 

(10,532

)

Interest expense, other income, and gains on investments

 

 

 

 

 

 

 

 

 

 

 

(216

)

Income before income taxes

 

 

 

 

 

 

 

 

 

 

$

8,072

 

 

 

 

Research Segment

 

 

Consulting Segment

 

 

Events Segment

 

 

Consolidated

 

Three Months Ended June 30, 2022

 

 

 

 

 

 

 

 

 

 

 

 

Research revenues

 

$

89,447

 

 

$

 

 

$

 

 

$

89,447

 

Consulting revenues

 

 

10,921

 

 

 

28,341

 

 

 

 

 

 

39,262

 

Events revenues

 

 

 

 

 

 

 

 

19,537

 

 

 

19,537

 

Total segment revenues

 

 

100,368

 

 

 

28,341

 

 

 

19,537

 

 

 

148,246

 

Segment expenses

 

 

(32,897

)

 

 

(14,059

)

 

 

(11,051

)

 

 

(58,007

)

Selling, marketing, administrative and other expenses

 

 

 

 

 

 

 

 

 

 

 

(66,182

)

Amortization of intangible assets

 

 

 

 

 

 

 

 

 

 

 

(3,354

)

Interest expense, other income, and gains on investments

 

 

 

 

 

 

 

 

 

 

 

(432

)

Income before income taxes

 

 

 

 

 

 

 

 

 

 

$

20,271

 

 

 

 

Research Segment

 

 

Consulting Segment

 

 

Events Segment

 

 

Consolidated

 

Six Months Ended June 30, 2023

 

 

 

 

 

 

 

 

 

 

 

 

Research revenues

 

$

168,605

 

 

$

 

 

$

 

 

$

168,605

 

Consulting revenues

 

 

14,922

 

 

 

46,798

 

 

 

 

 

 

61,720

 

Events revenues

 

 

 

 

 

 

 

 

18,934

 

 

 

18,934

 

Total segment revenues

 

 

183,527

 

 

 

46,798

 

 

 

18,934

 

 

 

249,259

 

Segment expenses

 

 

(68,043

)

 

 

(23,782

)

 

 

(12,155

)

 

 

(103,980

)

Selling, marketing, administrative and other expenses

 

 

 

 

 

 

 

 

 

 

 

(123,876

)

Amortization of intangible assets

 

 

 

 

 

 

 

 

 

 

 

(6,134

)

Restructuring and related costs

 

 

 

 

 

 

 

 

 

 

 

(12,121

)

Interest expense, other income, and gains on investments

 

 

 

 

 

 

 

 

 

 

 

(459

)

Income before income taxes

 

 

 

 

 

 

 

 

 

 

$

2,689

 

 

 

 

Research Segment

 

 

Consulting Segment

 

 

Events Segment

 

 

Consolidated

 

Six Months Ended June 30, 2022

 

 

 

 

 

 

 

 

 

 

 

 

Research revenues

 

$

175,227

 

 

$

 

 

$

 

 

$

175,227

 

Consulting revenues

 

 

22,111

 

 

 

55,582

 

 

 

 

 

 

77,693

 

Events revenues

 

 

 

 

 

 

 

 

20,297

 

 

 

20,297

 

Total segment revenues

 

 

197,338

 

 

 

55,582

 

 

 

20,297

 

 

 

273,217

 

Segment expenses

 

 

(67,077

)

 

 

(28,376

)

 

 

(12,802

)

 

 

(108,255

)

Selling, marketing, administrative and other expenses

 

 

 

 

 

 

 

 

 

 

 

(131,072

)

Amortization of intangible assets

 

 

 

 

 

 

 

 

 

 

 

(6,716

)

Interest expense, other expense, and gains on investments

 

 

 

 

 

 

 

 

 

 

 

(876

)

Income before income taxes

 

 

 

 

 

 

 

 

 

 

$

26,298