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Operating Segments (Tables)
6 Months Ended
Jun. 30, 2022
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 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

 

Three Months Ended June 30, 2021

 

 

 

 

 

 

 

 

 

 

 

 

Research revenues

 

$

81,002

 

 

$

 

 

$

 

 

$

81,002

 

Consulting revenues

 

 

12,842

 

 

 

28,118

 

 

 

 

 

 

40,960

 

Events revenues

 

 

 

 

 

 

 

 

6,708

 

 

 

6,708

 

Total segment revenues

 

 

93,844

 

 

 

28,118

 

 

 

6,708

 

 

 

128,670

 

Segment expenses

 

 

(29,417

)

 

 

(12,851

)

 

 

(3,931

)

 

 

(46,199

)

Selling, marketing, administrative and other expenses

 

 

 

 

 

 

 

 

 

 

 

(65,204

)

Amortization of intangible assets

 

 

 

 

 

 

 

 

 

 

 

(3,968

)

Integration costs

 

 

 

 

 

 

 

 

 

 

 

(216

)

Interest expense, other expense, and gains on investments

 

 

 

 

 

 

 

 

 

 

 

(1,267

)

Income before income taxes

 

 

 

 

 

 

 

 

 

 

$

11,816

 

 

 

 

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

 

 

 

 

Research Segment

 

 

Consulting Segment

 

 

Events Segment

 

 

Consolidated

 

Six Months Ended June 30, 2021

 

 

 

 

 

 

 

 

 

 

 

 

Research revenues

 

$

155,970

 

 

$

 

 

$

 

 

$

155,970

 

Consulting revenues

 

 

25,573

 

 

 

53,937

 

 

 

 

 

 

79,510

 

Events revenues

 

 

 

 

 

 

 

 

6,971

 

 

 

6,971

 

Total segment revenues

 

 

181,543

 

 

 

53,937

 

 

 

6,971

 

 

 

242,451

 

Segment expenses

 

 

(60,134

)

 

 

(25,176

)

 

 

(5,495

)

 

 

(90,805

)

Selling, marketing, administrative and other expenses

 

 

 

 

 

 

 

 

 

 

 

(122,822

)

Amortization of intangible assets

 

 

 

 

 

 

 

 

 

 

 

(7,871

)

Integration costs

 

 

 

 

 

 

 

 

 

 

 

(334

)

Interest expense, other expense, and gains on investments

 

 

 

 

 

 

 

 

 

 

 

(2,866

)

Income before income taxes

 

 

 

 

 

 

 

 

 

 

$

17,753