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Operating Segments (Tables)
9 Months Ended
Sep. 30, 2024
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, 2024

 

 

 

 

 

 

 

 

 

 

 

 

Research revenues

 

$

77,070

 

 

$

 

 

$

 

 

$

77,070

 

Consulting revenues

 

 

4,335

 

 

 

19,034

 

 

 

 

 

 

23,369

 

Events revenues

 

 

 

 

 

 

 

 

2,088

 

 

 

2,088

 

Total segment revenues

 

 

81,405

 

 

 

19,034

 

 

 

2,088

 

 

 

102,527

 

Segment expenses

 

 

(27,886

)

 

 

(9,580

)

 

 

(3,042

)

 

 

(40,508

)

Selling, marketing, administrative and other expenses

 

 

 

 

 

 

 

 

 

 

 

(57,634

)

Amortization of intangible assets

 

 

 

 

 

 

 

 

 

 

 

(2,404

)

Restructuring and related costs

 

 

 

 

 

 

 

 

 

 

 

(937

)

Loss from sale of divested operation

 

 

 

 

 

 

 

 

 

 

 

(1,775

)

Interest expense and other income

 

 

 

 

 

 

 

 

 

 

 

(343

)

Loss before income taxes

 

 

 

 

 

 

 

 

 

 

$

(1,074

)

 

 

 

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

 

 

(30,089

)

 

 

(10,739

)

 

 

(4,031

)

 

 

(44,859

)

Selling, marketing, administrative and other expenses

 

 

 

 

 

 

 

 

 

 

 

(60,456

)

Amortization of intangible assets

 

 

 

 

 

 

 

 

 

 

 

(3,041

)

Restructuring and related costs

 

 

 

 

 

 

 

 

 

 

 

(19

)

Interest expense and other income

 

 

 

 

 

 

 

 

 

 

 

(195

)

Income before income taxes

 

 

 

 

 

 

 

 

 

 

$

4,861

 

 

 

 

Research Segment

 

 

Consulting Segment

 

 

Events Segment

 

 

Consolidated

 

Nine Months Ended September 30, 2024

 

 

 

 

 

 

 

 

 

 

 

 

Research revenues

 

$

237,314

 

 

$

 

 

$

 

 

$

237,314

 

Consulting revenues

 

 

14,478

 

 

 

56,843

 

 

 

 

 

 

71,321

 

Events revenues

 

 

 

 

 

 

 

 

15,794

 

 

 

15,794

 

Total segment revenues

 

 

251,792

 

 

 

56,843

 

 

 

15,794

 

 

 

324,429

 

Segment expenses

 

 

(90,080

)

 

 

(29,181

)

 

 

(15,043

)

 

 

(134,304

)

Selling, marketing, administrative and other expenses

 

 

 

 

 

 

 

 

 

 

 

(171,985

)

Amortization of intangible assets

 

 

 

 

 

 

 

 

 

 

 

(7,431

)

Restructuring and related costs

 

 

 

 

 

 

 

 

 

 

 

(7,643

)

Loss from sale of divested operation

 

 

 

 

 

 

 

 

 

 

 

(1,775

)

Interest expense and other income

 

 

 

 

 

 

 

 

 

 

 

421

 

Income before income taxes

 

 

 

 

 

 

 

 

 

 

$

1,712

 

 

 

 

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

 

 

(94,477

)

 

 

(34,521

)

 

 

(16,186

)

 

 

(145,184

)

Selling, marketing, administrative and other expenses

 

 

 

 

 

 

 

 

 

 

 

(187,987

)

Amortization of intangible assets

 

 

 

 

 

 

 

 

 

 

 

(9,175

)

Restructuring and related costs

 

 

 

 

 

 

 

 

 

 

 

(12,140

)

Interest expense and other income

 

 

 

 

 

 

 

 

 

 

 

(654

)

Income before income taxes

 

 

 

 

 

 

 

 

 

 

$

7,550