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Operating Segment and Enterprise Wide Reporting (Tables)
12 Months Ended
Dec. 31, 2020
Segment Reporting [Abstract]  
Schedule of Information about Reportable Segments, Disaggregation of Revenue by Product

The following tables present information about reportable segments, including the Company’s disaggregation of revenue by product (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Research

Segment

 

 

Consulting

Segment

 

 

Events

Segment

 

 

Consolidated

 

Year Ended December 31, 2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Research revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Research revenues

 

$

219,670

 

 

$

 

 

$

 

 

$

219,670

 

Connect revenues

 

 

54,530

 

 

 

 

 

 

 

 

 

54,530

 

Analytics revenues

 

 

20,285

 

 

 

 

 

 

 

 

 

20,285

 

Total research revenues

 

 

294,485

 

 

 

 

 

 

 

 

 

294,485

 

Consulting revenues

 

 

57,276

 

 

 

87,086

 

 

 

 

 

 

144,362

 

Events revenues

 

 

 

 

 

 

 

 

10,137

 

 

 

10,137

 

Total segment revenues

 

 

351,761

 

 

 

87,086

 

 

 

10,137

 

 

 

448,984

 

Segment expenses

 

 

(110,843

)

 

 

(40,168

)

 

 

(8,231

)

 

 

(159,242

)

Selling, marketing, administrative and other expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(248,105

)

Amortization of intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(19,683

)

Acquisition and integration costs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(5,779

)

Interest expense, other expense, and gains on investments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(3,242

)

Income before income taxes

 

 

 

 

 

 

 

 

 

 

 

 

 

$

12,933

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Research

Segment

 

 

Consulting

Segment

 

 

Events

Segment

 

 

Consolidated

 

Year Ended December 31, 2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Research revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Research revenues

 

$

219,189

 

 

$

 

 

$

 

 

$

219,189

 

Connect revenues

 

 

56,224

 

 

 

 

 

 

 

 

 

56,224

 

Analytics revenues

 

 

23,322

 

 

 

 

 

 

 

 

 

23,322

 

Total research revenues

 

 

298,735

 

 

 

 

 

 

 

 

 

298,735

 

Consulting revenues

 

 

60,758

 

 

 

75,194

 

 

 

 

 

 

135,952

 

Events revenues

 

 

 

 

 

 

 

 

27,010

 

 

 

27,010

 

Total segment revenues

 

 

359,493

 

 

 

75,194

 

 

 

27,010

 

 

 

461,697

 

Segment expenses

 

 

(120,882

)

 

 

(38,192

)

 

 

(18,968

)

 

 

(178,042

)

Selling, marketing, administrative and other expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(253,163

)

Amortization of intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(22,619

)

Acquisition and integration costs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(8,948

)

Interest expense, other expense, and gains on investments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(8,524

)

Loss before income taxes

 

 

 

 

 

 

 

 

 

 

 

 

 

$

(9,599

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Research

Segment

 

 

Consulting

Segment

 

 

Events

Segment

 

 

Consolidated

 

Year Ended December 31, 2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Research revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Research revenues

 

$

157,112

 

 

$

 

 

$

 

 

$

157,112

 

Connect revenues

 

 

51,377

 

 

 

 

 

 

 

 

 

51,377

 

Analytics revenues

 

 

19,910

 

 

 

 

 

 

 

 

 

19,910

 

Total research revenues

 

 

228,399

 

 

 

 

 

 

 

 

 

228,399

 

Consulting revenues

 

 

56,863

 

 

 

58,842

 

 

 

 

 

 

115,705

 

Events revenues

 

 

 

 

 

 

 

 

13,471

 

 

 

13,471

 

Total segment revenues

 

 

285,262

 

 

 

58,842

 

 

 

13,471

 

 

 

357,575

 

Segment expenses

 

 

(88,015

)

 

 

(30,957

)

 

 

(10,102

)

 

 

(129,074

)

Selling, marketing, administrative and other expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(201,127

)

Amortization of intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1,162

)

Acquisition and integration costs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(3,787

)

Interest expense, other income, and gains on investments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1,100

 

Income before income taxes

 

 

 

 

 

 

 

 

 

 

 

 

 

$

23,525

 

Schedule of Net Long-lived Tangible Assets by Location Net long-lived tangible assets by location as of December 31, 2020 and 2019 are as follows (in thousands):

 

 

 

2020

 

 

2019

 

United States

 

$

24,645

 

 

$

26,709

 

United Kingdom

 

 

261

 

 

 

578

 

Europe (excluding United Kingdom)

 

 

78

 

 

 

97

 

Asia Pacific

 

 

2,048

 

 

 

2,553

 

Total

 

$

27,032

 

 

$

29,937

 

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, 2020, 2019, and 2018 are as follows (dollars in thousands):

 

 

 

2020

 

 

2019

 

 

2018

 

United States

 

$

356,288

 

 

$

362,867

 

 

$

274,151

 

Europe (excluding United Kingdom)

 

 

34,897

 

 

 

32,585

 

 

 

29,741

 

United Kingdom

 

 

15,741

 

 

 

21,316

 

 

 

15,273

 

Canada

 

 

14,005

 

 

 

17,246

 

 

 

15,569

 

Asia Pacific

 

 

22,969

 

 

 

22,842

 

 

 

17,839

 

Other

 

 

5,084

 

 

 

4,841

 

 

 

5,002

 

Total

 

$

448,984

 

 

$

461,697

 

 

$

357,575

 

 

 

 

2020

 

 

2019

 

 

2018

 

United States

 

 

79

%

 

 

79

%

 

 

77

%

Europe (excluding United Kingdom)

 

 

8

 

 

 

7

 

 

 

8

 

United Kingdom

 

 

4

 

 

 

4

 

 

 

4

 

Canada

 

 

3

 

 

 

4

 

 

 

4

 

Asia Pacific

 

 

5

 

 

 

5

 

 

 

5

 

Other

 

 

1

 

 

 

1

 

 

 

2

 

Total

 

 

100

%

 

 

100

%

 

 

100

%