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Operating Segments (Tables)
9 Months Ended
Sep. 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 September 30, 2023

 

 

 

 

 

 

 

 

 

 

 

 

Research revenues

 

$

80,606

 

 

$

 

 

$

 

 

$

80,606

 

Consulting revenues

 

 

6,517

 

 

 

21,720

 

 

 

 

 

 

28,237

 

Events revenues

 

 

 

 

 

 

 

 

4,588

 

 

 

4,588

 

Total segment revenues

 

 

87,123

 

 

 

21,720

 

 

 

4,588

 

 

 

113,431

 

Segment expenses

 

 

(31,749

)

 

 

(10,739

)

 

 

(4,031

)

 

 

(46,519

)

Selling, marketing, administrative and other expenses

 

 

 

 

 

 

 

 

 

 

 

(58,796

)

Amortization of intangible assets

 

 

 

 

 

 

 

 

 

 

 

(3,041

)

Restructuring and related costs

 

 

 

 

 

 

 

 

 

 

 

(19

)

Interest expense, other income, and gains on investments

 

 

 

 

 

 

 

 

 

 

 

(195

)

Income before income taxes

 

 

 

 

 

 

 

 

 

 

$

4,861

 

 

 

 

 

Research Segment

 

 

Consulting Segment

 

 

Events Segment

 

 

Consolidated

 

Three Months Ended September 30, 2022

 

 

 

 

 

 

 

 

 

 

 

 

Research revenues

 

$

87,038

 

 

$

 

 

$

 

 

$

87,038

 

Consulting revenues

 

 

9,015

 

 

 

28,367

 

 

 

 

 

 

37,382

 

Events revenues

 

 

 

 

 

 

 

 

3,259

 

 

 

3,259

 

Total segment revenues

 

 

96,053

 

 

 

28,367

 

 

 

3,259

 

 

 

127,679

 

Segment expenses

 

 

(33,058

)

 

 

(14,747

)

 

 

(3,377

)

 

 

(51,182

)

Selling, marketing, administrative and other expenses

 

 

 

 

 

 

 

 

 

 

 

(64,588

)

Amortization of intangible assets

 

 

 

 

 

 

 

 

 

 

 

(3,352

)

Interest expense, other income, and gains on investments

 

 

 

 

 

 

 

 

 

 

 

(238

)

Income before income taxes

 

 

 

 

 

 

 

 

 

 

$

8,319

 

 

 

 

Research Segment

 

 

Consulting Segment

 

 

Events Segment

 

 

Consolidated

 

Nine Months Ended September 30, 2023

 

 

 

 

 

 

 

 

 

 

 

 

Research revenues

 

$

249,211

 

 

$

 

 

$

 

 

$

249,211

 

Consulting revenues

 

 

21,439

 

 

 

68,518

 

 

 

 

 

 

89,957

 

Events revenues

 

 

 

 

 

 

 

 

23,522

 

 

 

23,522

 

Total segment revenues

 

 

270,650

 

 

 

68,518

 

 

 

23,522

 

 

 

362,690

 

Segment expenses

 

 

(99,792

)

 

 

(34,521

)

 

 

(16,186

)

 

 

(150,499

)

Selling, marketing, administrative and other expenses

 

 

 

 

 

 

 

 

 

 

 

(182,672

)

Amortization of intangible assets

 

 

 

 

 

 

 

 

 

 

 

(9,175

)

Restructuring and related costs

 

 

 

 

 

 

 

 

 

 

 

(12,140

)

Interest expense, other income, and gains on investments

 

 

 

 

 

 

 

 

 

 

 

(654

)

Income before income taxes

 

 

 

 

 

 

 

 

 

 

$

7,550

 

 

 

 

Research Segment

 

 

Consulting Segment

 

 

Events Segment

 

 

Consolidated

 

Nine Months Ended September 30, 2022

 

 

 

 

 

 

 

 

 

 

 

 

Research revenues

 

$

262,265

 

 

$

 

 

$

 

 

$

262,265

 

Consulting revenues

 

 

31,126

 

 

 

83,949

 

 

 

 

 

 

115,075

 

Events revenues

 

 

 

 

 

 

 

 

23,556

 

 

 

23,556

 

Total segment revenues

 

 

293,391

 

 

 

83,949

 

 

 

23,556

 

 

 

400,896

 

Segment expenses

 

 

(100,135

)

 

 

(43,123

)

 

 

(16,179

)

 

 

(159,437

)

Selling, marketing, administrative and other expenses

 

 

 

 

 

 

 

 

 

 

 

(195,660

)

Amortization of intangible assets

 

 

 

 

 

 

 

 

 

 

 

(10,068

)

Interest expense, other income, and gains on investments

 

 

 

 

 

 

 

 

 

 

 

(1,114

)

Income before income taxes

 

 

 

 

 

 

 

 

 

 

$

34,617