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Operating Segments (Tables)
6 Months Ended
Jun. 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 June 30, 2024

 

 

 

 

 

 

 

 

 

 

 

 

Research revenues

 

$

83,663

 

 

$

 

 

$

 

 

$

83,663

 

Consulting revenues

 

 

5,500

 

 

 

19,311

 

 

 

 

 

 

24,811

 

Events revenues

 

 

 

 

 

 

 

 

13,351

 

 

 

13,351

 

Total segment revenues

 

 

89,163

 

 

 

19,311

 

 

 

13,351

 

 

 

121,825

 

Segment expenses

 

 

(31,974

)

 

 

(9,504

)

 

 

(10,515

)

 

 

(51,993

)

Selling, marketing, administrative and other expenses

 

 

 

 

 

 

 

 

 

 

 

(55,923

)

Amortization of intangible assets

 

 

 

 

 

 

 

 

 

 

 

(2,513

)

Restructuring and related costs

 

 

 

 

 

 

 

 

 

 

 

(82

)

Interest expense and other income

 

 

 

 

 

 

 

 

 

 

 

252

 

Income before income taxes

 

 

 

 

 

 

 

 

 

 

$

11,566

 

 

 

 

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 and other income

 

 

 

 

 

 

 

 

 

 

 

(216

)

Income before income taxes

 

 

 

 

 

 

 

 

 

 

$

8,072

 

 

 

 

Research Segment

 

 

Consulting Segment

 

 

Events Segment

 

 

Consolidated

 

Six Months Ended June 30, 2024

 

 

 

 

 

 

 

 

 

 

 

 

Research revenues

 

$

160,244

 

 

$

 

 

$

 

 

$

160,244

 

Consulting revenues

 

 

10,143

 

 

 

37,809

 

 

 

 

 

 

47,952

 

Events revenues

 

 

 

 

 

 

 

 

13,706

 

 

 

13,706

 

Total segment revenues

 

 

170,387

 

 

 

37,809

 

 

 

13,706

 

 

 

221,902

 

Segment expenses

 

 

(65,488

)

 

 

(19,601

)

 

 

(12,001

)

 

 

(97,090

)

Selling, marketing, administrative and other expenses

 

 

 

 

 

 

 

 

 

 

 

(111,057

)

Amortization of intangible assets

 

 

 

 

 

 

 

 

 

 

 

(5,027

)

Restructuring and related costs

 

 

 

 

 

 

 

 

 

 

 

(6,706

)

Interest expense and other income

 

 

 

 

 

 

 

 

 

 

 

764

 

Income before income taxes

 

 

 

 

 

 

 

 

 

 

$

2,786

 

 

 

 

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 and other income

 

 

 

 

 

 

 

 

 

 

 

(459

)

Income before income taxes

 

 

 

 

 

 

 

 

 

 

$

2,689