Segment Information (Tables)

3 Months Ended

Mar. 31, 2024

Segment Reporting [Abstract]

Schedule of Segment Reporting Information by Segment

The tables below present information about the Company’s reportable segments for the periods indicated (in thousands).

Three Months Ended March 31, 2024	Research		Conferences		Consulting		Consolidated
Revenues	$	1,268,172	$	70,069	$	134,685	$	1,472,926
Gross contribution	944,570		23,255		54,287		1,022,112
Corporate and other expenses							(748,227)
Operating income							$	273,885
Three Months Ended March 31, 2023	Research		Conferences		Consulting		Consolidated
Revenues	$	1,217,191	$	64,642	$	127,036	$	1,408,869
Gross contribution	899,514		26,788		50,808		977,110
Corporate and other expenses							(569,153)
Operating income							$	407,957

Schedule of Reconciliation of Segment Gross Contribution to Net Income

The table below provides a reconciliation of total segment gross contribution to net income for the periods indicated (in thousands).

	Three Months Ended
	March 31,
	2024		2023
Total segment gross contribution	$	1,022,112	$	977,110
Costs and expenses:
Cost of services and product development - unallocated (1)	8,627		3,380
Selling, general and administrative	689,833		657,090
Depreciation and amortization	49,307		46,631
Acquisition and integration charges	460		1,368
Gain from sale of divested operation	—		(139,316)
Operating income	273,885		407,957
Interest expense and other, net	(14,328)		(29,757)
Gain on event cancellation insurance claims	—		3,077
Less: Provision for income taxes	49,012		85,494
Net income	$	210,545	$	295,783

(1)The unallocated amounts consist of certain bonus and fringe costs recorded in consolidated Cost of services and product development that are not allocated to segment expense. The Company’s policy is to allocate bonuses to segments at 100% of a segment employee’s target bonus. Amounts above or below 100% are absorbed by corporate.