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Operating Segment and Enterprise Wide Reporting (Tables)
12 Months Ended
Dec. 31, 2023
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

 

Year Ended December 31, 2023

 

 

 

 

 

 

 

 

 

 

 

 

Research revenues

 

$

334,396

 

 

$

 

 

$

 

 

$

334,396

 

Consulting revenues

 

 

28,826

 

 

 

89,402

 

 

 

 

 

 

118,228

 

Events revenues

 

 

 

 

 

 

 

 

28,155

 

 

 

28,155

 

Total segment revenues

 

 

363,222

 

 

 

89,402

 

 

 

28,155

 

 

 

480,779

 

Segment expenses

 

 

(132,444

)

 

 

(45,028

)

 

 

(20,557

)

 

 

(198,029

)

Selling, marketing, administrative and other expenses

 

 

 

 

 

 

 

 

 

 

 

(250,756

)

Amortization of intangible assets

 

 

 

 

 

 

 

 

 

 

 

(11,956

)

Restructuring costs

 

 

 

 

 

 

 

 

 

 

 

(13,272

)

Interest expense, other income, and gains on investments

 

 

 

 

 

 

 

 

 

 

 

(481

)

Income before income taxes

 

 

 

 

 

 

 

 

 

 

$

6,285

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Research
Segment

 

 

Consulting
Segment

 

 

Events
Segment

 

 

Consolidated

 

Year Ended December 31, 2022

 

 

 

 

 

 

 

 

 

 

 

 

Research revenues

 

$

354,453

 

 

$

 

 

$

 

 

$

354,453

 

Consulting revenues

 

 

41,559

 

 

 

111,028

 

 

 

 

 

 

152,587

 

Events revenues

 

 

 

 

 

 

 

 

30,747

 

 

 

30,747

 

Total segment revenues

 

 

396,012

 

 

 

111,028

 

 

 

30,747

 

 

 

537,787

 

Segment expenses

 

 

(133,566

)

 

 

(56,889

)

 

 

(21,801

)

 

 

(212,256

)

Selling, marketing, administrative and other expenses

 

 

 

 

 

 

 

 

 

 

 

(270,381

)

Amortization of intangible assets

 

 

 

 

 

 

 

 

 

 

 

(13,161

)

Restructuring costs

 

 

 

 

 

 

 

 

 

 

 

(9,335

)

Interest expense, other income, and gains on investments

 

 

 

 

 

 

 

 

 

 

 

(1,930

)

Income before income taxes

 

 

 

 

 

 

 

 

 

 

$

30,724

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Research
Segment

 

 

Consulting
Segment

 

 

Events
Segment

 

 

Consolidated

 

Year Ended December 31, 2021

 

 

 

 

 

 

 

 

 

 

 

 

Research revenues

 

$

325,340

 

 

$

 

 

$

 

 

$

325,340

 

Consulting revenues

 

 

47,247

 

 

 

108,867

 

 

 

 

 

 

156,114

 

Events revenues

 

 

 

 

 

 

 

 

12,861

 

 

 

12,861

 

Total segment revenues

 

 

372,587

 

 

 

108,867

 

 

 

12,861

 

 

 

494,315

 

Segment expenses

 

 

(118,155

)

 

 

(51,770

)

 

 

(12,709

)

 

 

(182,634

)

Selling, marketing, administrative and other expenses

 

 

 

 

 

 

 

 

 

 

 

(257,576

)

Amortization of intangible assets

 

 

 

 

 

 

 

 

 

 

 

(15,129

)

Integration costs

 

 

 

 

 

 

 

 

 

 

 

(334

)

Interest expense, other expense, and gains on investments

 

 

 

 

 

 

 

 

 

 

 

(5,451

)

Income before income taxes

 

 

 

 

 

 

 

 

 

 

$

33,191

 

Schedule of Net Long-lived Tangible Assets by Location

Net long-lived tangible assets by location as of December 31, 2023 and 2022 are as follows (in thousands):

 

 

 

2023

 

 

2022

 

United States

 

$

48,001

 

 

$

60,631

 

United Kingdom

 

 

8,194

 

 

 

8,678

 

Europe (excluding United Kingdom)

 

 

186

 

 

 

319

 

Asia Pacific

 

 

2,742

 

 

 

3,550

 

Total

 

$

59,123

 

 

$

73,178

 

 

Schedule of Revenues by Geographic Destination, Based on Location Products and Services and as a Percentage of Total Revenues

Revenues by geographic destination, based on the location products and services are consumed, and as a percentage of total revenues for the years ended December 31, 2023, 2022, and 2021 are as follows (dollars in thousands):

 

 

 

2023

 

 

2022

 

 

2021

 

United States

 

$

373,483

 

 

$

426,041

 

 

$

381,662

 

Europe (excluding United Kingdom)

 

 

37,912

 

 

 

36,664

 

 

 

41,264

 

United Kingdom

 

 

21,311

 

 

 

20,079

 

 

 

21,913

 

Canada

 

 

16,416

 

 

 

20,759

 

 

 

17,213

 

Asia Pacific

 

 

23,604

 

 

 

26,548

 

 

 

26,768

 

Other

 

 

8,053

 

 

 

7,696

 

 

 

5,495

 

Total

 

$

480,779

 

 

$

537,787

 

 

$

494,315

 

 

 

 

2023

 

 

2022

 

 

2021

 

United States

 

 

78

 %

 

 

79

 %

 

 

77

 %

Europe (excluding United Kingdom)

 

 

8

 

 

 

7

 

 

 

9

 

United Kingdom

 

 

4

 

 

 

4

 

 

 

5

 

Canada

 

 

3

 

 

 

4

 

 

 

3

 

Asia Pacific

 

 

5

 

 

 

5

 

 

 

5

 

Other

 

 

2

 

 

 

1

 

 

 

1

 

Total

 

 

100

 %

 

 

100

 %

 

 

100

 %