Interim Consolidated Financial Statements (Tables)

6 Months Ended

Jun. 30, 2018

ASC 606 [Member]

Summary Of Significant Accounting Policy [Line Items]

Summary of Effect of Adopting ASC 606 on Company's Financial Statements

The following tables summarize the effect of adopting ASC 606 on the Company’s financial statements during and as of the three and six months ended June 30, 2018 (in thousands):

Consolidated Balance Sheet
	As of June 30, 2018
			Amounts as
			if Previous
			Guidance in
	As Reported		Effect
Accounts receivable, net	$	49,486	$	53,040
Deferred commissions		12,514		11,734
Prepaid expenses and other current assets		12,789		17,573
Total current assets		217,876		225,434
Other assets		7,756		7,194
Total assets		326,142		333,138
Deferred revenue	$	143,023	$	152,033
Total current liabilities		177,937		186,947
Total liabilities		186,031		195,041
Retained earnings		125,698		123,684
Total stockholders’ equity		140,111		138,097
Total liabilities and stockholders’ equity		326,142		333,138

Consolidated Statement of Income
	Three Months Ended June 30, 2018
			Amounts as
			if Previous
			Guidance in
	As Reported		Effect
Revenues:
Research services	$	58,300	$	58,323
Advisory services and events		38,053		38,146
Total revenues		96,353		96,469
Operating expenses:
Cost of services and fulfillment		39,071		38,913
Selling and marketing		32,709		32,558
Total operating expenses		85,326		85,017
Income from operations		11,027		11,452
Income before income taxes		11,278		11,703
Income tax provision		3,490		3,650
Net income		7,788		8,053
Basic income per common share	$	0.43	$	0.45
Diluted income per common share	$	0.43	$	0.44

Consolidated Statement of Income
	Six Months Ended June 30, 2018
			Amounts as
			if Previous
			Guidance in
	As Reported		Effect
Revenues:
Research services	$	110,000	$	111,710
Advisory services and events		64,102		64,764
Total revenues		174,102		176,474
Operating expenses:
Cost of services and fulfillment		73,176		73,003
Selling and marketing		65,720		65,631
Total operating expenses		165,363		165,101
Income from operations		8,739		11,373
Income before income taxes		8,847		11,481
Income tax provision		2,792		3,637
Net income		6,055		7,844
Basic income per common share	$	0.34	$	0.44
Diluted income per common share	$	0.33	$	0.43

Consolidated Statement of Comprehensive Income
	Three Months Ended June 30, 2018
			Amounts as
			if Previous
			Guidance in
	As Reported		Effect
Net income	$	7,788	$	8,053
Comprehensive income		4,456		4,721

Consolidated Statement of Comprehensive Income
	Six Months Ended June 30, 2018
			Amounts as
			if Previous
			Guidance in
	As Reported		Effect
Net income	$	6,055	$	7,844
Comprehensive income		4,311		6,100

Consolidated Statement of Cash Flows
	Six Months Ended June 30, 2018
			Amounts as
			if Previous
			Guidance in
	As Reported		Effect
Cash flows from operating activities:
Net income	$	6,055	$	7,844
Accounts receivable		20,020		16,466
Deferred commissions		2,086		1,824
Prepaid expenses and other current assets		280		1,125
Deferred revenue		6,533		7,715