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Revenue and Related Matters

9 Months Ended

Sep. 30, 2024

Revenue from Contract with Customer [Abstract]

Revenue and Related Matters

Note 7 – Revenue and Related Matters

Disaggregated Revenue

The Company disaggregates revenue as set forth in the following tables (in thousands):

Revenue by Geography


	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
Revenues: (1)	2024		2023		2024		2023
North America	$	81,932	$	91,580	$	260,611	$	296,257
Europe		13,274		13,778		41,715		43,053
Asia Pacific		5,058		6,074		15,259		17,593
Other		2,263		1,999		6,844		5,787
Total	$	102,527	$	113,431	$	324,429	$	362,690

(1)

Revenue location is determined based on where the products and services are consumed.

Contract Assets and Contract Liabilities

Accounts Receivable

Accounts receivable includes amounts billed and currently due from customers. Since the only condition for payment of the Company’s invoices is the passage of time, a receivable is recorded on the date an invoice is issued. Also included in accounts receivable are unbilled amounts resulting from revenue exceeding the amount billed to the customer, where the right to payment is unconditional. If the right to payment for services performed was conditional on something other than the passage of time, the unbilled amount would be recorded as a separate contract asset. There were no contract assets as of September 30, 2024 or 2023.

The majority of the Company’s contracts are non-cancelable. However, for contracts that are cancelable by the customer, the Company does not record a receivable when it issues an invoice. The Company records accounts receivable on these contracts only up to the amount of revenue earned but not yet collected.

In addition, since the majority of the Company’s contracts are invoiced for annual periods, and payment is expected within one year from the transfer of products and services, the Company does not adjust its receivables or transaction prices for the effects of a significant financing component.

Deferred Revenue

The Company refers to contract liabilities as deferred revenue in the Consolidated Balance Sheets. Payment terms in the Company’s customer contracts vary, but generally require payment in advance of fully satisfying the performance obligation(s). Deferred revenue consists of billings in excess of revenue recognized. Similar to accounts receivable, the Company does not record deferred revenue for unpaid invoices issued on a cancelable contract.

During the three months ended September 30, 2024 and 2023, the Company recognized $22.7 million and $27.9 million of revenue, respectively, related to its deferred revenue balance at the beginning of each such period. During the nine months ended September 30, 2024 and 2023, the Company recognized $133.2 million and $153.8 million of revenue, respectively, related to its deferred revenue balance at January 1 of each such period.

Approximately $346.2 million of revenue is expected to be recognized during the next 24 months from remaining performance obligations as of September 30, 2024.

Reserves for Credit Losses

The allowance for expected credit losses on accounts receivable for the nine months ended September 30, 2024 is summarized as follows (in thousands):


	Total Allowance
Balance at December 31, 2023	$	574
Provision for expected credit losses		402
Write-offs		(398	)
Balance at September 30, 2024	$	578

When evaluating the adequacy of the allowance for expected credit losses, the Company makes judgments regarding the collectability of accounts receivable based, in part, on the Company’s historical loss rate experience, customer concentrations, management’s expectations of future losses as informed by current economic conditions, and changes in customer payment terms. If the expected financial condition of the Company’s customers were to deteriorate, resulting in an impairment of their ability to make payments, additional allowances may be required. If the expected financial condition of the Company’s customers were to improve, the allowances may be reduced accordingly.

Cost to Obtain Contracts

The Company capitalizes commissions paid to sales representatives and related fringe benefits costs that are incremental to obtaining customer contracts. These costs are included in deferred commissions in the Consolidated Balance Sheets. The Company accounts for these costs at a portfolio level as the Company’s contracts are similar in nature and the amortization model used closely matches the amortization expense that would be recognized on a contract-by-contract basis. Costs to obtain a contract are amortized to earnings over the initial contract term, which is the same period the related revenue is recognized. Amortization expense related to deferred commissions for the three months ended September 30, 2024 and 2023 was $8.4 million and $9.2 million, respectively. Amortization expense related to deferred commissions for the nine months ended September 30, 2024 and 2023 was $26.2 million and $28.3 million, respectively. The Company evaluates the recoverability of deferred commissions at each balance sheet date and there were no impairments recorded during the nine months ended September 30, 2024 and 2023.

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-9

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
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-Name Accounting Standards Codification
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-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-10

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
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-URI https://asc.fasb.org/1943274/2147479806/606-10-50-15

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

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-Topic 606
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Topic 606
-Publisher FASB
-URI https://asc.fasb.org/606/tableOfContent

+ Details

Contingencies	9 Months Ended
Sep. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Contingencies	Note 16 — Contingencies From time to time, the Company may be subject to legal proceedings and civil and regulatory claims that arise in the ordinary course of its business activities. Regardless of the outcome, legal proceedings and claims can have a material adverse effect on the Company because of defense and settlement costs, diversion of management resources, and other factors. It is the Company's policy to record accruals for legal contingencies to the extent that it has concluded that it is probable that a liability has been incurred and the amount of the loss can be reasonably estimated, and to expense costs associated with loss contingencies, including any related legal fees, as they are incurred. The Company reviews its loss contingencies at least quarterly and adjusts its accruals and/or disclosures to reflect the impact of negotiations, settlements, rulings, advice of legal counsel, or other new information, as deemed necessary. Once established, a provision may change in the future due to new developments or changes in circumstances and could increase or decrease the Company’s earnings in the period that the changes are made. Following an April 2023 mediation in a wage-related matter that resulted in a settlement agreement, the Company accrued $4.8 million of expense in the quarter ended March 31, 2023 that is classified in general and administrative expense in the Consolidated Statement of Operations. This claim was fully paid in the first quarter of 2024.

Contingencies

9 Months Ended

Sep. 30, 2024

Commitments and Contingencies Disclosure [Abstract]

Contingencies

Note 16 — Contingencies

From time to time, the Company may be subject to legal proceedings and civil and regulatory claims that arise in the ordinary course of its business activities. Regardless of the outcome, legal proceedings and claims can have a material adverse effect on the Company because of defense and settlement costs, diversion of management resources, and other factors. It is the Company's policy to record accruals for legal contingencies to the extent that it has concluded that it is probable that a liability has been incurred and the amount of the loss can be reasonably estimated, and to expense costs associated with loss contingencies, including any related legal fees, as they are incurred. The Company reviews its loss contingencies at least quarterly and adjusts its accruals and/or disclosures to reflect the impact of negotiations, settlements, rulings, advice of legal counsel, or other new information, as deemed necessary. Once established, a provision may change in the future due to new developments or changes in circumstances and could increase or decrease the Company’s earnings in the period that the changes are made. Following an April 2023 mediation in a wage-related matter that resulted in a settlement agreement, the Company accrued $4.8 million of expense in the quarter ended March 31, 2023 that is classified in general and administrative expense in the Consolidated Statement of Operations. This claim was fully paid in the first quarter of 2024.

Leases - Summary of Future Minimum Lease Payments and Sublease Cash Receipts Under Non-Cancelable Leases (Detail) $ in Thousands	Sep. 30, 2024 USD ($)
Operating Lease Payments
2024 (remainder)	$ 3,960
2025	14,044
2026	12,348
2027	5,798
2028	2,962
Thereafter	6,187
Total lease payments and estimated sublease cash receipts	45,299
Less imputed interest	(3,717)
Present value of lease liabilities	41,582
Sublease Cash Receipts
2024 (remainder)	158
2025	0
2026	0
2027	0
2028	0
Thereafter	0
Total lease payments and estimated sublease cash receipts	$ 158

Revenue and Related Matters - Summary of Allowance for Expected Credit Losses on Accounts Receivable (Detail) $ in Thousands	9 Months Ended
	Sep. 30, 2024 USD ($)
Receivables [Abstract]
Balance at December 31, 2023	$ 574
Provision for expected credit losses	402
Write-offs	(398)
Balance at September 30, 2024	$ 578

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Cash flows from operating activities:
Net income (loss)	$ (6,179)	$ 3,713
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation	6,079	6,557
Impairment of property and equipment	991	600
Amortization of intangible assets	7,431	9,175
Deferred income taxes	(359)	(4,106)
Stock-based compensation	11,202	11,169
Operating lease right-of-use assets amortization and impairments	10,728	9,089
Loss from sale of divested operation	1,775	0
Other, net	1,172	134
Changes in assets and liabilities:
Accounts receivable	16,852	32,288
Deferred commissions	6,813	8,000
Prepaid expenses and other current assets	(6,435)	(1,002)
Accounts payable	(219)	403
Accrued expenses and other liabilities	(36,455)	(34,839)
Deferred revenue	(4,479)	(20,809)
Operating lease liabilities	(10,948)	(10,581)
Net cash provided by (used in) operating activities	(2,031)	9,791
Cash flows from investing activities:
Purchases of property and equipment	(2,743)	(3,903)
Purchases of marketable investments	(55,800)	(964)
Proceeds from maturities of marketable investments	49,735	11,138
Proceeds from sales of marketable investments	7,650	0
Proceeds from sale of divested operation	6,000	0
Other investing activity	(68)	33
Net cash provided by investing activities	4,774	6,304
Cash flows from financing activities:
Payments on borrowings	0	(15,000)
Repurchases of common stock	(12,984)	(4,082)
Debt issuance costs	0	(25)
Proceeds from issuance of common stock under employee equity incentive plans	2,426	3,485
Taxes paid related to net share settlements of stock-based compensation awards	(2,490)	(2,620)
Net cash used in financing activities	(13,048)	(18,242)
Effect of exchange rate changes on cash, cash equivalents and restricted cash	259	242
Net change in cash, cash equivalents and restricted cash	(10,046)	(1,905)
Cash, cash equivalents and restricted cash, beginning of period	75,042	105,654
Cash, cash equivalents and restricted cash, end of period	64,996	103,749
Supplemental disclosure of cash flow information:
Cash paid for interest	1,762	1,944
Cash paid for income taxes	$ 8,542	$ 10,583

Stockholders' Equity

9 Months Ended

Sep. 30, 2024

Equity [Abstract]

Stockholders' Equity

Note 13 — Stockholders’ Equity

The components of stockholders’ equity are as follows (in thousands):


	Three Months Ended September 30, 2024
	Common Stock									Treasury Stock					Accumulated
	Number of Shares		$0.01ParValue		Additional Paid-in Capital		Retained Earnings			Number of Shares		Cost			Other Comprehensive Loss			Total Stockholders' Equity
Balance at June 30, 2024		24,897	$	249	$	285,395	$	177,300			5,841	$	(219,164	)	$	(6,726	)	$	237,054
Issuance of common stock under stock plans, including tax effects		195		2		193		—			—		—			—			195
Repurchases of common stock		—		—		—		—			268		(4,969	)		—			(4,969	)
Stock-based compensation expense		—		—		3,603		—			—		—			—			3,603
Net loss		—		—		—		(5,798	)		—		—			—			(5,798	)
Net change in marketable investments, net of tax		—		—		—		—			—		—			107			107
Foreign currency translation		—		—		—		—			—		—			4,142			4,142
Balance at September 30, 2024		25,092	$	251	$	289,191	$	171,502			6,109	$	(224,133	)	$	(2,477	)	$	234,334


	Three Months Ended September 30, 2023
	Common Stock								Treasury Stock					Accumulated
	Number of Shares		$0.01ParValue		Additional Paid-in Capital		Retained Earnings		Number of Shares		Cost			Other Comprehensive Loss			Total Stockholders' Equity
Balance at June 30, 2023		24,512	$	245	$	269,371	$	175,860		5,332	$	(207,887	)	$	(5,944	)	$	231,645
Issuance of common stock under stock plans, including tax effects		160		2		282		—		—		—			—			284
Repurchases of common stock		—		—		—		—		105		(3,262	)		—			(3,262	)
Stock-based compensation expense		—		—		4,144		—		—		—			—			4,144
Net income		—		—		—		2,484		—		—			—			2,484
Net change in marketable investments, net of tax		—		—		—		—		—		—			30			30
Foreign currency translation		—		—		—		—		—		—			(2,435	)		(2,435	)
Balance at September 30, 2023		24,672	$	247	$	273,797	$	178,344		5,437	$	(211,149	)	$	(8,349	)	$	232,890


	Nine Months Ended September 30, 2024
	Common Stock										Treasury Stock					Accumulated
	Number of Shares		$0.01 Par Value		Additional Paid-in Capital			Retained Earnings			Number of Shares		Cost			Other Comprehensive Loss			Total Stockholders' Equity
Balance at December 31, 2023		24,684	$	247	$	278,057		$	177,681			5,437	$	(211,149	)	$	(4,571	)	$	240,265
Issuance of common stock under stock plans, including tax effects		408		4		(68	)		—			—		—			—			(64	)
Repurchases of common stock		—		—		—			—			672		(12,984	)		—			(12,984	)
Stock-based compensation expense		—		—		11,202			—			—		—			—			11,202
Net loss		—		—		—			(6,179	)		—		—			—			(6,179	)
Net change in marketable investments, net of tax		—		—		—			—			—		—			131			131
Foreign currency translation		—		—		—			—			—		—			1,963			1,963
Balance at September 30, 2024		25,092	$	251	$	289,191		$	171,502			6,109	$	(224,133	)	$	(2,477	)	$	234,334


	Nine Months Ended September 30, 2023
	Common Stock								Treasury Stock					Accumulated
	Number of Shares		$0.01 Par Value		Additional Paid-in Capital		Retained Earnings		Number of Shares		Cost			Other Comprehensive Loss			Total Stockholders' Equity
Balance at December 31, 2022		24,367	$	244	$	261,766	$	174,631		5,305	$	(207,067	)	$	(7,918	)	$	221,656
Issuance of common stock under stock plans, including tax effects		305		3		862		—		—		—			—			865
Repurchases of common stock		—		—		—		—		132		(4,082	)		—			(4,082	)
Stock-based compensation expense		—		—		11,169		—		—		—			—			11,169
Net income		—		—		—		3,713		—		—			—			3,713
Net change in marketable investments, net of tax		—		—		—		—		—		—			52			52
Foreign currency translation		—		—		—		—		—		—			(483	)		(483	)
Balance at September 30, 2023		24,672	$	247	$	273,797	$	178,344		5,437	$	(211,149	)	$	(8,349	)	$	232,890

Equity Plans

Restricted stock unit activity for the nine months ended September 30, 2024 is presented below (in thousands, except per share data):


				Weighted-
				Average
	Number of			Grant Date
	Shares			Fair Value
Unvested at December 31, 2023		999		$	37.66
Granted		876			21.38
Vested		(380	)		38.15
Forfeited		(146	)		31.52
Unvested at September 30, 2024		1,349		$	27.61

Stock option activity for the nine months ended September 30, 2024 is presented below (in thousands, except per share data and contractual term):


				Weighted -		Weighted -
				Average		Average
				Exercise		Remaining		Aggregate
	Number			Price Per		Contractual		Intrinsic
	of Shares			Share		Term (in years)		Value
Outstanding at December 31, 2023		201		$	33.93
Forfeited		(31	)		37.46
Outstanding at September 30, 2024		170		$	33.29		6.59	$	—
Exercisable at September 30, 2024		74		$	33.62		4.22	$	—
Vested and expected to vest at September 30, 2024		170		$	33.29		6.59	$	—

No stock options were granted or exercised during the three and nine months ended September 30, 2024.

Stock-Based Compensation

Forrester recognizes the fair value of stock-based compensation over the requisite service period of the individual grantee, which generally equals the vesting period. Stock-based compensation was recorded in the following expense categories in the Consolidated Statements of Operations (in thousands):


	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2024		2023		2024		2023
Cost of services and fulfillment	$	2,142	$	2,449	$	6,777	$	6,505
Selling and marketing		528		790		1,685		2,094
General and administrative		933		905		2,740		2,570
Total	$	3,603	$	4,144	$	11,202	$	11,169

Forrester utilizes the Black-Scholes valuation model for estimating the fair value of options granted under the equity incentive plans and shares subject to purchase under the employee stock purchase plan, which were valued using the following assumptions:


	Three Months Ended									Nine Months Ended
	September 30,									September 30,
	2024			2023						2024			2023
	Employee Stock Purchase Plan			Equity Incentive Plans			Employee Stock Purchase Plan			Employee Stock Purchase Plan			Equity Incentive Plans			Employee Stock Purchase Plan
Average risk-free interest rate		4.55	%		4.27	%		5.51	%		4.55	%		4.27	%		5.51	%
Expected dividend yield		0.0	%		0.0	%		0.0	%		0.0	%		0.0	%		0.0	%
Expected life	0.5 Years			4.75 Years			0.5 Years			0.5 Years			4.75 Years			0.5 Years
Expected volatility		38	%		43	%		35	%		38	%		43	%		35	%
Weighted average fair value	$	4.86		$	14.24		$	7.90		$	4.86		$	14.24		$	7.90

Treasury Stock

As of September 30, 2024, Forrester’s Board of Directors had authorized an aggregate $610.0 million to purchase common stock under its stock repurchase program, which includes an additional $25.0 million authorized in April 2024. The shares repurchased may be used, among other things, in connection with Forrester’s equity incentive and purchase plans. During the three and nine months ended September 30, 2024, the Company repurchased approximately 0.3 million shares and 0.7 million shares of common stock at an aggregate cost of approximately $5.0 million and $13.0 million, respectively. During each of the three and nine months ended September 30, 2023, the Company repurchased approximately 0.1 million shares of common stock at an aggregate cost of approximately $3.3 and $4.1 million, respectively. From the inception of the program through September 30, 2024, the Company repurchased 17.8 million shares of common stock at an aggregate cost of $527.1 million.

- Definition

The entire disclosure for equity.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
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-Section 50
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-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-14

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
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-Name Accounting Standards Codification
-Section 50
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-Subparagraph (c)
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-URI https://asc.fasb.org/1943274/2147481112/505-10-50-14

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-Topic 505
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-Section 50
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-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-16

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
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-Subparagraph (a)
-Publisher FASB
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Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
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-Section 50
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-18

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-18

+ Details

Leases - Summary of Lease Balances (Detail) - USD ($)
$ in Thousands

Sep. 30, 2024

Dec. 31, 2023

Leases [Abstract]

Operating lease ROU assets

$ 29,671

$ 39,722

Short-term operating lease liabilities

^[1]

$ 13,160

Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]

Accrued expenses and other current liabilities

Non-current operating lease liabilities

$ 28,422

$ 37,673

Total operating lease liabilities

$ 41,582

[1]	Included in accrued expenses and other current liabilities in the Consolidated Balance Sheets.

Accumulated Other Comprehensive Loss ("AOCL") (Tables)

9 Months Ended

Sep. 30, 2024

Equity [Abstract]

Schedule of Components of Accumulated Other Comprehensive Income (Loss)

The components of accumulated other comprehensive loss are as follows (net of tax, in thousands):


	Marketable			Translation
	Investments			Adjustment			Total AOCL
Balance at June 30, 2024	$	(36	)	$	(6,690	)	$	(6,726	)
Foreign currency translation (1)		—			3,910			3,910
Reclassification adjustment for write-off of foreign currency translation loss (2)		—			232			232
Unrealized gain, net of tax of $(36)		107			—			107
Balance at September 30, 2024	$	71		$	(2,548	)	$	(2,477	)


	Marketable			Translation
	Investments			Adjustment			Total AOCL
Balance at June 30, 2023	$	(137	)	$	(5,807	)	$	(5,944	)
Foreign currency translation (1)		—			(2,435	)		(2,435	)
Unrealized gain, net of tax of $(10)		30			—			30
Balance at September 30, 2023	$	(107	)	$	(8,242	)	$	(8,349	)


	Marketable			Translation
	Investments			Adjustment			Total AOCL
Balance at December 31, 2023	$	(60	)	$	(4,511	)	$	(4,571	)
Foreign currency translation (1)		—			1,731			1,731
Reclassification adjustment for write-off of foreign currency translation loss (2)		—			232			232
Unrealized gain, net of tax of $(44)		131			—			131
Balance at September 30, 2024	$	71		$	(2,548	)	$	(2,477	)


	Marketable			Translation
	Investments			Adjustment			Total AOCL
Balance at December 31, 2022	$	(159	)	$	(7,759	)	$	(7,918	)
Foreign currency translation (1)		—			(483	)		(483	)
Unrealized gain, net of tax of $(17)		52			—			52
Balance at September 30, 2023	$	(107	)	$	(8,242	)	$	(8,349	)

(1)

The Company does not record tax provisions or benefits for the net changes in foreign currency translation adjustments as it intends to permanently reinvest undistributed earnings of its foreign subsidiaries.

(2)

The reclassification adjustment for the write-off of a foreign currency translation loss relates to the liquidation of a non-U.S. subsidiary during 2024 and is reported in restructuring costs in the Consolidated Statements of Operations.

Stockholders' Equity - Components of Stockholders' Equity (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Beginning Balance	$ 237,054	$ 231,645	$ 240,265	$ 221,656
Issuance of common stock under stock plans, including tax effects	$ 195	$ 284	$ (64)	$ 865
Repurchases of common stock, Shares	300,000	100,000	700,000	100,000
Repurchases of common stock	$ (4,969)	$ (3,262)	$ (12,984)	$ (4,082)
Stock-based compensation expense	$ 3,603	4,144	11,202	11,169
Accounting Standards Update [Extensible List]	us-gaap:AccountingStandardsUpdate201613Member
Net income (loss)	$ (5,798)	2,484	(6,179)	3,713
Net change in marketable investments, net of tax	107	30	131	52
Foreign currency translation	4,142	(2,435)	1,963	(483)
Ending Balance	234,334	232,890	234,334	232,890
Common Stock [Member]
Beginning Balance	$ 249	$ 245	$ 247	$ 244
Beginning Balance, Shares	24,897,000	24,512,000	24,684,000	24,367,000
Issuance of common stock under stock plans, including tax effects	$ 2	$ 2	$ 4	$ 3
Issuance of common stock under,stock plans including tax effects, Shares	195,000	160,000	408,000	305,000
Ending Balance	$ 251	$ 247	$ 251	$ 247
Ending Balance, Shares	25,092,000	24,672,000	25,092,000	24,672,000
Additional Paid-in Capital [Member]
Beginning Balance	$ 285,395	$ 269,371	$ 278,057	$ 261,766
Issuance of common stock under stock plans, including tax effects	193	282	(68)	862
Stock-based compensation expense	3,603	4,144	11,202	11,169
Ending Balance	289,191	273,797	289,191	273,797
Retained Earnings [Member]
Beginning Balance	177,300	175,860	177,681	174,631
Net income (loss)	(5,798)	2,484	(6,179)	3,713
Ending Balance	171,502	178,344	171,502	178,344
Treasury Stock [Member]
Beginning Balance	$ (219,164)	$ (207,887)	$ (211,149)	$ (207,067)
Beginning Balance, Shares	5,841,000	5,332,000	5,437,000	5,305,000
Repurchases of common stock, Shares	268,000	105,000	672,000	132,000
Repurchases of common stock	$ (4,969)	$ (3,262)	$ (12,984)	$ (4,082)
Ending Balance	$ (224,133)	$ (211,149)	$ (224,133)	$ (211,149)
Ending Balance, Shares	6,109,000	5,437,000	6,109,000	5,437,000
Accumulated Other Comprehensive Loss [Member]
Beginning Balance	$ (6,726)	$ (5,944)	$ (4,571)	$ (7,918)
Net change in marketable investments, net of tax	107	30	131	52
Foreign currency translation	4,142	(2,435)	1,963	(483)
Ending Balance	$ (2,477)	$ (8,349)	$ (2,477)	$ (8,349)

Income Taxes - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Income Taxes [Line Items]
Income tax expense (benefit)	$ 4,724	$ 2,377	$ 7,891	$ 3,837
Effective income tax rate			460.90%	50.80%
Foreign Subsidiary [Member]
Income Taxes [Line Items]
Increase decrease in tax expense			$ 300
Domestic Subsidiary [Member]
Income Taxes [Line Items]
Increase decrease in tax expense			500
FeedbackNow Product Line [Member]
Income Taxes [Line Items]
Increase decrease in tax expense			3,500
Shared-Based Awards [Member]
Income Taxes [Line Items]
Increase decrease in tax expense			$ 1,700

- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 270
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (i)
-Publisher FASB
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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-Publisher FASB
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

+ Details

Income Taxes

9 Months Ended

Sep. 30, 2024

Income Tax Disclosure [Abstract]

Income Taxes

Note 10 — Income Taxes

Forrester provides for income taxes on an interim basis according to management’s estimate of the effective tax rate expected to be applicable for the full fiscal year. Certain items such as changes in tax rates, tax benefits or expense related to settlements of share-based awards, tax effects of foreign currency gains or losses, and the tax effect from the divestment of operations are treated as discrete items and are recorded in the period in which they arise.

Income tax expense for the nine months ended September 30, 2024 was $7.9 million resulting in an effective tax rate of 460.9% for the period. Income tax expense for the nine months ended September 30, 2023 was $3.8 million resulting in an effective tax rate of 50.8% for the period.

The increase in the effective tax rate during the 2024 period was primarily due to increased tax expense from the sale of the FeedbackNow product line of $3.5 million, settlement of shared-based awards of $1.7 million, foreign withholding taxes due to the dissolution of a foreign subsidiary of $0.3 million, and a valuation allowance recorded against non-realizable state NOL carryforwards due to the dissolution of a domestic subsidiary of $0.5 million.

- Definition

The entire disclosure for income tax.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12

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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
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-Subparagraph (SX 210.4-08(h)(2))
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-Topic 740
-SubTopic 10
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-Paragraph 2
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-Publisher FASB
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+ Details

Divestiture - Additional Information (Detail) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended		9 Months Ended
	Aug. 31, 2024	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from sale of divested operation				$ 6,000	$ 0
Pre-tax loss from sale of divested operation		$ (1,775)	$ 0	(1,775)	$ 0
FeedbackNow [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Sale consideration	$ 17,600
Proceeds from sale of divested operation	6,000
Note receivable as consideration	$ 9,000
Loss from sale of divested operation		2,600		2,600
Pre-tax loss from sale of divested operation		1,800		1,800
Goodwill portion of disposal		14,800		14,800
Property and equipment portion of disposal		2,200		2,200
Accounts receivable portion of disposal		2,400		2,400
Deferred revenue portion of disposal		$ 1,800		$ 1,800

Accumulated Other Comprehensive Loss ("AOCL") - Schedule of Components of Accumulated Other Comprehensive Income (Loss) (Detail) - USD ($)
$ in Thousands

3 Months Ended

9 Months Ended

Sep. 30, 2024

Sep. 30, 2023

Sep. 30, 2024

Sep. 30, 2023

Accumulated Other Comprehensive Income Loss [Line Items]

Beginning Balance

$ 237,054

$ 231,645

$ 240,265

$ 221,656

Reclassification adjustment for write-off of foreign currency translation loss

(200)

Unrealized gain, net of tax

(36)

(10)

(44)

(17)

Ending Balance

234,334

232,890

234,334

232,890

Marketable Investments [Member]

Accumulated Other Comprehensive Income Loss [Line Items]

Beginning Balance

(36)

(137)

(60)

(159)

Foreign currency translation

^[1]

Reclassification adjustment for write-off of foreign currency translation loss

^[2]

Unrealized gain, net of tax

107

131

Ending Balance

(107)

Translation Adjustment [Member]

Accumulated Other Comprehensive Income Loss [Line Items]

Beginning Balance

(6,690)

(5,807)

(4,511)

(7,759)

Foreign currency translation

^[1]

3,910

(2,435)

1,731

(483)

Reclassification adjustment for write-off of foreign currency translation loss

^[2]

232

Unrealized gain, net of tax

Ending Balance

(2,548)

(8,242)

(2,548)

(8,242)

Total AOCL [Member]

Accumulated Other Comprehensive Income Loss [Line Items]

Beginning Balance

(6,726)

(5,944)

(4,571)

(7,918)

Foreign currency translation

^[1]

3,910

(2,435)

1,731

(483)

Reclassification adjustment for write-off of foreign currency translation loss

^[2]

232

Unrealized gain, net of tax

107

131

Ending Balance

$ (2,477)

$ (8,349)

$ (2,477)

$ (8,349)

[1]	The Company does not record tax provisions or benefits for the net changes in foreign currency translation adjustments as it intends to permanently reinvest undistributed earnings of its foreign subsidiaries.
[2]	The reclassification adjustment for the write-off of a foreign currency translation loss relates to the liquidation of a non-U.S. subsidiary during 2024 and is reported in restructuring costs in the Consolidated Statements of Operations.

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

- Definition

Amount of equity (deficit) attributable to parent. Excludes temporary equity and equity attributable to noncontrolling interest.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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-Subparagraph (f)
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-Topic 310
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-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 4.E)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480418/310-10-S99-2

+ Details

Leases

9 Months Ended

Sep. 30, 2024

Leases [Abstract]

Leases

Note 6 — Leases

All of the Company’s leases are operating leases, the majority of which are for office space. Operating lease right-of-use (“ROU”) assets and non-current operating lease liabilities are included as individual line items in the Consolidated Balance Sheets, while short-term operating lease liabilities are recorded within accrued expenses and other current liabilities. Leases with an initial term of twelve months or less are not recorded in the Consolidated Balance Sheets and are not material.

The components of lease expense were as follows (in thousands):


	For the Three Months Ended September 30,
	2024			2023
Operating lease cost	$	2,902		$	3,068
Short-term lease cost		291			228
Variable lease cost		1,311			1,257
Sublease income		(133	)		(130	)
Total lease cost	$	4,371		$	4,423


	For the Nine Months Ended September 30,
	2024			2023
Operating lease cost	$	8,893		$	9,622
Short-term lease cost		737			747
Variable lease cost		3,579			3,113
Sublease income		(394	)		(391	)
Total lease cost	$	12,815		$	13,091

Additional lease information is summarized in the following table (in thousands, except lease term and discount rate):


	For the Nine Months Ended September 30,
	2024			2023
Cash paid for amounts included in the measurement of operating lease liabilities	$	10,948		$	10,442
Operating lease ROU assets obtained in exchange for lease obligations	$	408		$	1,110
Weighted-average remaining lease term - operating leases (years)		3.8			4.5
Weighted-average discount rate - operating leases		4.2	%		4.3	%

Future minimum lease payments under non-cancelable leases and estimated future sublease cash receipts from non-cancelable arrangements as of September 30, 2024 are as follows (in thousands):


	Operating Lease			Sublease
	Payments			Cash Receipts
2024 (remainder)	$	3,960		$	158
2025		14,044			—
2026		12,348			—
2027		5,798			—
2028		2,962			—
Thereafter		6,187			—
Total lease payments and estimated sublease cash receipts		45,299		$	158
Less imputed interest		(3,717	)
Present value of lease liabilities	$	41,582

Lease balances as of September 30, 2024 are as follows (in thousands):


Operating lease ROU assets	$	29,671

Short-term operating lease liabilities (1)	$	13,160
Non-current operating lease liabilities		28,422
Total operating lease liabilities	$	41,582

(1)

Included in accrued expenses and other current liabilities in the Consolidated Balance Sheets.

The Company’s leases do not contain residual value guarantees, material restrictions, or covenants.

During the nine months ended September 30, 2024, the Company recorded $3.6 million of ROU asset impairments and $1.0 million of leasehold improvements impairments related to closing the 10th and 11th floors of its offices located in San Francisco, California. During the nine months ended September 30, 2023, the Company recorded ROU asset impairments of $0.8 million related to closing the 10th floor of its offices located in San Francisco and one other smaller office location. The impairments are included in restructuring and related costs in the Consolidated Statements of Operations. As a result of the impairments, the ROU assets were required to be recorded at their estimated fair values as Level 3 non-financial assets. The fair values of the asset groups were determined using a discounted cash flow model, which required the use of estimates, including projected cash flows for the related assets, the selection of a discount rate used in the model, and regional real estate industry data.

Leases - Summary of Additional Lease Information (Detail) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Leases [Abstract]
Cash paid for amounts included in the measurement of operating lease liabilities	$ 10,948	$ 10,442
Operating lease ROU assets obtained in exchange for lease obligations	$ 408	$ 1,110
Weighted-average remaining lease term - operating leases (years)	3 years 9 months 18 days	4 years 6 months
Weighted-average discount rate - operating leases	4.20%	4.30%

Leases (Tables)

9 Months Ended

Sep. 30, 2024

Leases [Abstract]

Summary of Components of Lease Expense

The components of lease expense were as follows (in thousands):


	For the Three Months Ended September 30,
	2024			2023
Operating lease cost	$	2,902		$	3,068
Short-term lease cost		291			228
Variable lease cost		1,311			1,257
Sublease income		(133	)		(130	)
Total lease cost	$	4,371		$	4,423


	For the Nine Months Ended September 30,
	2024			2023
Operating lease cost	$	8,893		$	9,622
Short-term lease cost		737			747
Variable lease cost		3,579			3,113
Sublease income		(394	)		(391	)
Total lease cost	$	12,815		$	13,091

Summary of Additional Lease Information

Additional lease information is summarized in the following table (in thousands, except lease term and discount rate):


	For the Nine Months Ended September 30,
	2024			2023
Cash paid for amounts included in the measurement of operating lease liabilities	$	10,948		$	10,442
Operating lease ROU assets obtained in exchange for lease obligations	$	408		$	1,110
Weighted-average remaining lease term - operating leases (years)		3.8			4.5
Weighted-average discount rate - operating leases		4.2	%		4.3	%

Summary of Future Minimum Lease Payments and Sublease Cash Receipts Under Non-Cancelable Leases

Future minimum lease payments under non-cancelable leases and estimated future sublease cash receipts from non-cancelable arrangements as of September 30, 2024 are as follows (in thousands):


	Operating Lease			Sublease
	Payments			Cash Receipts
2024 (remainder)	$	3,960		$	158
2025		14,044			—
2026		12,348			—
2027		5,798			—
2028		2,962			—
Thereafter		6,187			—
Total lease payments and estimated sublease cash receipts		45,299		$	158
Less imputed interest		(3,717	)
Present value of lease liabilities	$	41,582

Summary of Lease Balances

Lease balances as of September 30, 2024 are as follows (in thousands):


Operating lease ROU assets	$	29,671

Short-term operating lease liabilities (1)	$	13,160
Non-current operating lease liabilities		28,422
Total operating lease liabilities	$	41,582

(1)

Included in accrued expenses and other current liabilities in the Consolidated Balance Sheets.

Marketable Investments (Tables)

9 Months Ended

Sep. 30, 2024

Investments, Debt and Equity Securities [Abstract]

Summary of Company's marketable investments

The following table summarizes the Company’s marketable investments (in thousands):


	As of September 30, 2024
			Gross		Gross
	Amortized		Unrealized		Unrealized			Market
	Cost		Gains		Losses			Value
Corporate obligations	$	13,300	$	105	$	(8	)	$	13,397
Money market funds		38,781		—		—			38,781
Total	$	52,081	$	105	$	(8	)	$	52,178


	As of December 31, 2023
			Gross		Gross
	Amortized		Unrealized		Unrealized			Market
	Cost		Gains		Losses			Value
Corporate obligations	$	18,049	$	—	$	(72	)	$	17,977
Federal agency obligations		2,000		—		(7	)		1,993
Money market funds		31,610		—		—			31,610
Total	$	51,659	$	—	$	(79	)	$	51,580

Summarizes the maturity periods of the marketable investments

The following table summarizes the maturity periods of the marketable investments in the Company’s portfolio as of September 30, 2024 (in thousands).


	FY 2024		FY 2025		FY 2026		FY 2027		Total
Corporate obligations	$	1,994	$	6,066	$	4,322	$	1,015	$	13,397
Money market funds		38,781		—		—		—		38,781
Total	$	40,775	$	6,066	$	4,322	$	1,015	$	52,178

Unrealized Losses on Debt Investments

The following table shows the gross unrealized losses and market value of the Company’s available-for-sale securities with unrealized losses that are not deemed to be other-than-temporary, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position (in thousands):


	As of September 30, 2024
	Less Than 12 Months				12 Months or Greater
	Market		Unrealized		Market		Unrealized
	Value		Losses		Value		Losses
Corporate obligations	$	—	$	—	$	2,983	$	8
Total	$	—	$	—	$	2,983	$	8


	As of December 31, 2023
	Less Than 12 Months				12 Months or Greater
	Market		Unrealized		Market		Unrealized
	Value		Losses		Value		Losses
Corporate obligations	$	13,098	$	8	$	4,879	$	64
Federal agency obligations		—		—		1,993		7
Total	$	13,098	$	8	$	6,872	$	71

Interim Consolidated Financial Statements

9 Months Ended

Sep. 30, 2024

Accounting Policies [Abstract]

Interim Consolidated Financial Statements

Note 1 — Interim Consolidated Financial Statements

Basis of Presentation

The accompanying unaudited interim consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”) for interim financial information and pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) for reporting on Form 10-Q. Accordingly, certain information and footnote disclosures required for complete financial statements are not included herein. The year-end balance sheet data was derived from audited financial statements, but does not include all disclosures required by GAAP. It is recommended that these financial statements be read in conjunction with the consolidated financial statements and related notes that appear in the Forrester Research, Inc. (“Forrester”) Annual Report on Form 10-K for the year ended December 31, 2023. In the opinion of management, all adjustments (consisting of normal recurring adjustments) considered necessary for a fair statement of the financial position, results of operations, comprehensive income (loss), and cash flows as of the dates and for the periods presented have been included. The results of operations for the three and nine months ended September 30, 2024 may not be indicative of the results for the year ending December 31, 2024, or any other period.

Presentation of Restricted Cash

The following table summarizes the end-of-period cash and cash equivalents from the Company's Consolidated Balance Sheets and the total cash, cash equivalents and restricted cash as presented on the accompanying Consolidated Statements of Cash Flows (in thousands).


	Nine Months Ended September 30,
	2024		2023
Cash and cash equivalents shown in balance sheets	$	62,754	$	101,706
Restricted cash classified in other assets (1):		2,242		2,043
Cash, cash equivalents and restricted cash shown in statement of cash flows	$	64,996	$	103,749

(1)

Restricted cash consists of collateral required for leased office space. The short-term or long-term classification regarding the collateral for the leased office space is determined in accordance with the expiration of the underlying leases.

Recent Accounting Pronouncements

In November 2023, the FASB issued ASU No. 2023-07, Segment Reporting (Topic 280) - Improvements to Reportable Segment Disclosures. The new standard enhances the disclosures of reportable segment information, primarily in regards to significant segment expenses. The new standard will be effective for the Company for the annual periods beginning January 1, 2024, and for interim periods beginning January 1, 2025, with early adoption permitted. Upon adoption, the guidance should be applied retrospectively to all prior periods presented in the financial statements. The adoption of the standard will result in expanded disclosure of expenses for each reporting unit in the Company's segment footnote.

In December 2023, the FASB issued ASU No. 2023-09, Income Taxes (Topic 740) - Improvements to Income Tax Disclosures. The new standard enhances income tax disclosure requirements by requiring specified categories and greater disaggregation within the rate reconciliation table, disclosure of income taxes paid by jurisdiction, and providing clarification on uncertain tax positions and related financial statement impacts. The new standard will be effective for the Company on January 1, 2025, with early adoption permitted. The Company is currently evaluating the impact of adoption of the standard on its consolidated financial statements.

Marketable Investments - Summarizes the maturity periods of the marketable investments (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Marketable Securities [Line Items]
FY 2024	$ 40,775
FY 2025	6,066
FY 2026	4,322
FY 2027	1,015
Market value	52,178	$ 51,580
Corporate obligations [Member]
Marketable Securities [Line Items]
FY 2024	1,994
FY 2025	6,066
FY 2026	4,322
FY 2027	1,015
Market value	13,397	17,977
Money Market Funds [Member]
Marketable Securities [Line Items]
FY 2024	38,781
FY 2025	0
FY 2026	0
FY 2027	0
Market value	$ 38,781	$ 31,610

- Definition

Amount of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 103
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-103

Reference 2: http://www.xbrl.org/2003/role/exampleRef
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-URI https://asc.fasb.org/1943274/2147482078/820-10-55-100

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479130/326-30-45-1

+ Details

Derivatives and Hedging - Schedule of Derivative Contract Amounts Recognized in Consolidated Statements of Income (Detail) - Other Income, Net [Member] - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Derivative Instruments Gain Loss [Line Items]
Amount recorded in operations	$ 84	$ (99)	$ 68	$ (33)
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Other Nonoperating Income (Expense)	Other Nonoperating Income (Expense)	Other Nonoperating Income (Expense)	Other Nonoperating Income (Expense)

Net Income (Loss) Per Common Share (Tables)

9 Months Ended

Sep. 30, 2024

Earnings Per Share [Abstract]

Schedule of Basic and Diluted Weighted Average Common Shares

Basic and diluted weighted average common shares are as follows (in thousands):


	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2024		2023		2024		2023
Basic weighted average common shares outstanding		19,065		19,191		19,147		19,164
Weighted average common equivalent shares		—		98		—		75
Diluted weighted average common shares outstanding		19,065		19,289		19,147		19,239
Options and restricted stock units excluded from diluted weighted average share calculation as effect would have been anti-dilutive		1,611		631		1,263		649

Marketable Investments - Summary of Company's marketable investments (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 52,081	$ 51,659
Gross Unrealized Gains	105	0
Gross Unrealized Losses	(8)	(79)
Market value	52,178	51,580
Corporate obligations [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	13,300	18,049
Gross Unrealized Gains	105	0
Gross Unrealized Losses	(8)	(72)
Market value	13,397	17,977
Federal agency obligations [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized Cost		2,000
Gross Unrealized Gains		0
Gross Unrealized Losses		(7)
Market value		1,993
Money Market Funds [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	38,781	31,610
Gross Unrealized Gains	0	0
Gross Unrealized Losses	0	0
Market value	$ 38,781	$ 31,610

- Definition

Amount of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).

+ References

+ Details

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Goodwill and Other Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Summary of Change in Carrying Amount of Goodwill

The change in the carrying amount of goodwill for the nine months ended September 30, 2024 is summarized as follows (in thousands):


	Total
Balance at December 31, 2023	$	244,257
Dispositions (1)		(14,795	)
Translation adjustments		785
Balance at September 30, 2024	$	230,247

(1)

See Note 2 - Divestiture for additional information. The amount of goodwill allocated to the divestiture was determined using a relative fair value approach.

Summary of Carrying Values of Finite-Lived Intangible Assets

The carrying values of finite-lived intangible assets are as follows (in thousands):


	September 30, 2024
	Gross				Net
	Carrying		Accumulated		Carrying
	Amount		Amortization		Amount
Amortizable intangible assets:
Customer relationships	$	77,000	$	47,865	$	29,135
Technology		13,000		12,976		24
Trademarks		12,000		11,468		532
Total	$	102,000	$	72,309	$	29,691


	December 31, 2023
	Gross				Net
	Carrying		Accumulated		Carrying
	Amount		Amortization		Amount
Amortizable intangible assets:
Customer relationships	$	77,640	$	42,091	$	35,549
Technology		16,524		15,950		574
Trademarks		12,519		11,005		1,514
Total	$	106,683	$	69,046	$	37,637

Summary of Estimated Intangible Assets Amortization Expense

Estimated intangible asset amortization expense for each of the five succeeding years is as follows (in thousands):


2024 (remainder)	$	2,217
2025		8,734
2026		8,335
2027		8,324
2028		2,081
Total	$	29,691

- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 350
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-Name Accounting Standards Codification
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-Subparagraph (d)
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-2

+ Details

Goodwill and Other Intangible Assets

9 Months Ended

Sep. 30, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets

Note 4 — Goodwill and Other Intangible Assets

Goodwill

Goodwill represents the excess of the purchase price of acquired businesses over the estimated fair values of the tangible and identifiable intangible net assets acquired. Goodwill is not amortized; however, it is required to be tested for impairment annually, which requires assessment of the potential impairment at the reporting unit level. Reporting units are determined based on the components of the Company's operating segments that constitute a business for which discrete financial information is available and for which operating results are regularly reviewed by segment management. Testing for impairment is also required on an interim basis if an event or circumstance indicates it is more likely than not an impairment loss has been incurred.

The Company performed its annual impairment testing as of November 30, 2023 utilizing a quantitative assessment to determine if the fair values of each of its reporting units was less than their respective carrying values and concluded that no impairments existed. Subsequent to completing the annual test and through September 30, 2024, there were no events or circumstances that required an interim impairment test. Accordingly, as of September 30, 2024, the Company had no accumulated goodwill impairment losses. Approximately $8.2 million of goodwill is allocated to the Company’s Consulting reporting unit, which had a negative carrying value as of the date of the last test.

The change in the carrying amount of goodwill for the nine months ended September 30, 2024 is summarized as follows (in thousands):


	Total
Balance at December 31, 2023	$	244,257
Dispositions (1)		(14,795	)
Translation adjustments		785
Balance at September 30, 2024	$	230,247

(1)

See Note 2 - Divestiture for additional information. The amount of goodwill allocated to the divestiture was determined using a relative fair value approach.

Finite-Lived Intangible Assets

The carrying values of finite-lived intangible assets are as follows (in thousands):


	September 30, 2024
	Gross				Net
	Carrying		Accumulated		Carrying
	Amount		Amortization		Amount
Amortizable intangible assets:
Customer relationships	$	77,000	$	47,865	$	29,135
Technology		13,000		12,976		24
Trademarks		12,000		11,468		532
Total	$	102,000	$	72,309	$	29,691


	December 31, 2023
	Gross				Net
	Carrying		Accumulated		Carrying
	Amount		Amortization		Amount
Amortizable intangible assets:
Customer relationships	$	77,640	$	42,091	$	35,549
Technology		16,524		15,950		574
Trademarks		12,519		11,005		1,514
Total	$	106,683	$	69,046	$	37,637

Estimated intangible asset amortization expense for each of the five succeeding years is as follows (in thousands):


2024 (remainder)	$	2,217
2025		8,734
2026		8,335
2027		8,324
2028		2,081
Total	$	29,691

Revenue and Related Matters (Tables)

9 Months Ended

Sep. 30, 2024

Revenue from Contract with Customer [Abstract]

Schedule of Disaggregation of Revenue by Geography and Recognition Timing

The Company disaggregates revenue as set forth in the following tables (in thousands):

Revenue by Geography


	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
Revenues: (1)	2024		2023		2024		2023
North America	$	81,932	$	91,580	$	260,611	$	296,257
Europe		13,274		13,778		41,715		43,053
Asia Pacific		5,058		6,074		15,259		17,593
Other		2,263		1,999		6,844		5,787
Total	$	102,527	$	113,431	$	324,429	$	362,690

(1)

Revenue location is determined based on where the products and services are consumed.

Summary of Allowance for Expected Credit Losses on Accounts Receivable

The allowance for expected credit losses on accounts receivable for the nine months ended September 30, 2024 is summarized as follows (in thousands):


	Total Allowance
Balance at December 31, 2023	$	574
Provision for expected credit losses		402
Write-offs		(398	)
Balance at September 30, 2024	$	578

Goodwill and Other Intangible Assets - Summary of Carrying Values of Finite-Lived Intangible Assets (Detail) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Finite Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 102,000	$ 106,683
Accumulated Amortization	72,309	69,046
Total	29,691	37,637
Customer Relationships Member
Finite Lived Intangible Assets [Line Items]
Gross Carrying Amount	77,000	77,640
Accumulated Amortization	47,865	42,091
Total	29,135	35,549
Technology Member
Finite Lived Intangible Assets [Line Items]
Gross Carrying Amount	13,000	16,524
Accumulated Amortization	12,976	15,950
Total	24	574
Trademarks Member
Finite Lived Intangible Assets [Line Items]
Gross Carrying Amount	12,000	12,519
Accumulated Amortization	11,468	11,005
Total	$ 532	$ 1,514

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

Revenue and Related Matters - Additional Information1 (Detail)	Sep. 30, 2024
Maximum [Member] \| Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2024-10-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligation, revenue expected to be recognized	24 months

Restructuring and Related Costs

9 Months Ended

Sep. 30, 2024

Restructuring and Related Activities [Abstract]

Restructuring and Related Costs

Note 14 — Restructuring and Related Costs

In January 2023, the Company implemented a reduction in its workforce of approximately 4% across various geographies and functions to streamline operations. The Company recorded $4.3 million of severance and related costs for this action during the fourth quarter of 2022, and $0.6 million during the first quarter of 2023. The Company also recorded a restructuring charge of $5.0 million during the fourth quarter of 2022 related to closing one floor of its offices located at 150 Spear Street, San Francisco, California, of which $3.7 million related to an impairment of a right-of-use asset and $1.3 million related to an impairment of leasehold improvements. In the first quarter of 2023, the Company recorded an incremental $0.4 million impairment to its California office and a $0.6 million charge for the write-off of a previously capitalized software project. During the third quarter of 2024, the Company recorded an incremental $0.5 million impairment to its California office.

The following table rolls forward the activity in the restructuring accrual for the January 2023 action for the nine months ended September 30, 2024 (in thousands):


Accrual at December 31, 2023	$	48
Additional restructuring and related costs		506
Non-cash charge (included above)		(492	)
Cash payments		(62	)
Accrual at September 30, 2024	$	—

In May 2023, the Company implemented a reduction in its workforce of approximately 8% across various geographies and functions to better align its cost structure and to streamline its sales and consulting organizations. The Company recorded $7.5 million of severance and related costs for this action during the second quarter of 2023. In addition, the Company closed certain of its smaller offices both inside and outside the U.S. in order to reduce facility costs and better match its facilities to its hybrid work strategy. As a result of closing the offices, the Company recorded restructuring costs of $2.3 million, which included $1.3 million related to right-of-use asset impairments and accelerated amortization and $0.6 million related to impairments of leasehold improvements. In addition, the Company incurred $0.7 million in contract termination costs. During the third quarter of 2024, the Company recognized $0.2 million of expense from the write-off of foreign currency translation adjustments related to the liquidation of a small foreign operation.

The following table rolls forward the activity in the restructuring accrual for the May 2023 action for the nine months ended September 30, 2024 (in thousands):


Accrual at December 31, 2023	$	1,282
Additional restructuring and related costs		262
Non-cash charge (included above)		(232	)
Cash payments		(943	)
Accrual at September 30, 2024	$	369

In February 2024, the Company implemented a reduction in its workforce of approximately 3% across various geographies and functions to better align its cost structure with the revenue outlook for the year. The Company recorded $0.7 million of severance and related costs for this action during the fourth quarter of 2023, and $2.8 million during the first quarter of 2024. The Company also recorded a restructuring charge of $3.8 million during the first quarter of 2024 related to closing one floor of its offices located at 150 Spear Street, San Francisco, California, of which $3.2 million related to an impairment of a right-of-use asset and $0.6 million related to an impairment of leasehold improvements. During the third quarter of 2024, the Company recorded an incremental $0.2 million impairment to its California office. The accrued restructuring and related costs as of September 30, 2024 will be fully paid by the end of 2024.

The following table rolls forward the activity in the restructuring accrual for the February 2024 action for the nine months ended September 30, 2024 (in thousands):


Accrual at December 31, 2023	$	732
Additional restructuring and related costs		6,875
Non-cash charge (included above)		(4,060	)
Cash payments		(3,435	)
Accrual at September 30, 2024	$	112

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Accounts receivable, allowance for expected credit losses	$ 578	$ 574
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	500,000	500,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	125,000,000	125,000,000
Common stock, shares issued	25,092,000	24,684,000
Common stock, shares outstanding	18,983,000	19,248,000
Treasury stock, shares	6,109,000	5,437,000

Debt - Summary of Company's Total Outstanding Borrowings (Detail) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Principal amount outstanding	$ 35,000	$ 35,000

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
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+ Details

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Revenues:
Total revenues	$ 102,527	$ 113,431	$ 324,429	$ 362,690
Operating expenses:
Cost of services and fulfillment	42,174	47,978	138,028	151,884
Selling and marketing	38,273	39,967	117,948	123,080
General and administrative	15,738	15,108	44,234	51,650
Depreciation	1,957	2,262	6,079	6,557
Amortization of intangible assets	2,404	3,041	7,431	9,175
Restructuring costs	937	19	7,643	12,140
Loss from sale of divested operation	1,775	0	1,775	0
Total operating expenses	103,258	108,375	323,138	354,486
Income (loss) from operations	(731)	5,056	1,291	8,204
Interest expense	(770)	(763)	(2,295)	(2,286)
Other income, net	427	568	2,716	1,632
Income (loss) before income taxes	(1,074)	4,861	1,712	7,550
Income tax expense	4,724	2,377	7,891	3,837
Net income (loss)	$ (5,798)	$ 2,484	$ (6,179)	$ 3,713
Basic income (loss) per common share	$ (0.3)	$ 0.13	$ (0.32)	$ 0.19
Diluted income (loss) per common share	$ (0.3)	$ 0.13	$ (0.32)	$ 0.19
Basic weighted average common shares outstanding	19,065	19,191	19,147	19,164
Diluted weighted average common shares outstanding	19,065	19,289	19,147	19,239
Research [Member]
Revenues:
Total revenues	$ 77,070	$ 80,606	$ 237,314	$ 249,211
Consulting [Member]
Revenues:
Total revenues	23,369	28,237	71,321	89,957
Events [Member]
Revenues:
Total revenues	$ 2,088	$ 4,588	$ 15,794	$ 23,522

Goodwill and Other Intangible Assets - Summary of Changes in Carrying Amount of Goodwill (Detail)
$ in Thousands

9 Months Ended

Sep. 30, 2024

USD ($)

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill, Beginning Balance

$ 244,257

Dispositions

(14,795)

^[1]

Translation adjustments

785

Goodwill, Ending Balance

$ 230,247

[1]	See Note 2 - Divestiture for additional information. The amount of goodwill allocated to the divestiture was determined using a relative fair value approach.

- Definition

Amount, after accumulated impairment loss, of asset representing future economic benefit arising from other asset acquired in business combination or from joint venture formation or both, that is not individually identified and separately recognized.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 49
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+ Details

Derivatives and Hedging (Tables)

9 Months Ended

Sep. 30, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Contract Amounts Recognized in Consolidated Statements of Income

The table below provides information regarding income (expense) recognized in the Consolidated Statements of Operations for the derivative contracts for the periods indicated (in thousands):


	Three Months Ended					Nine Months Ended
	September 30,					September 30,
Amount recorded in:	2024		2023			2024		2023
Other income, net	$	84	$	(99	)	$	68	$	(33	)

Fair Value Measurements - Summary of Company's Fair Value Hierarchy for its Financial Assets and Liabilities (Parenthetical) (Detail) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
cash and cash equivalent [Member] \| Private Equity Funds, US [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of cash equivalents	$ 14.6	$ 23.5
Marketable investment [Member] \| Private Equity Funds, Non-US [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of investments	$ 38.8	$ 31.6

Restructuring and Related Costs (Tables)

9 Months Ended

Sep. 30, 2024

Restructuring and Related Activities [Abstract]

Schedule of Activity in Restructuring Accrual

The following table rolls forward the activity in the restructuring accrual for the January 2023 action for the nine months ended September 30, 2024 (in thousands):


Accrual at December 31, 2023	$	48
Additional restructuring and related costs		506
Non-cash charge (included above)		(492	)
Cash payments		(62	)
Accrual at September 30, 2024	$	—

The following table rolls forward the activity in the restructuring accrual for the May 2023 action for the nine months ended September 30, 2024 (in thousands):


Accrual at December 31, 2023	$	1,282
Additional restructuring and related costs		262
Non-cash charge (included above)		(232	)
Cash payments		(943	)
Accrual at September 30, 2024	$	369

The following table rolls forward the activity in the restructuring accrual for the February 2024 action for the nine months ended September 30, 2024 (in thousands):


Accrual at December 31, 2023	$	732
Additional restructuring and related costs		6,875
Non-cash charge (included above)		(4,060	)
Cash payments		(3,435	)
Accrual at September 30, 2024	$	112

Stockholders' Equity - Schedule of Stock Option Activity (Detail) $ / shares in Units, shares in Thousands, $ in Thousands	9 Months Ended
	Sep. 30, 2024 USD ($) $ / shares shares
Share-Based Payment Arrangement [Abstract]
Number of Shares, Outstanding, Beginning Balance \| shares	201
Number of Shares, Forfeited \| shares	(31)
Number of Shares, Outstanding, Ending Balance \| shares	170
Number of Shares, Exercisable at September 30, 2024 \| shares	74
Number of Shares, Vested and expected to vest at September 30, 2024 \| shares	170
Weighted - Average Exercise Price Per Share, Outstanding, Beginning balance \| $ / shares	$ 33.93
Weighted - Average Exercise Price Per Share, Forfeited \| $ / shares	37.46
Weighted - Average Exercise Price Per Share, Outstanding, Ending balance \| $ / shares	33.29
Weighted - Average Exercise Price Per Share, Exercisable at June 30, 2024 \| $ / shares	33.62
Weighted - Average Exercise Price Per Share, Vested and expected to vest at June 30, 2024 \| $ / shares	$ 33.29
Weighted - Average Remaining Contractual Term, Outstanding at September 30, 2024	6 years 7 months 2 days
Weighted - Average Remaining Contractual Term, Exercisable at September 30, 2024	4 years 2 months 19 days
Weighted - Average Remaining Contractual Term, Vested and expected to vest at September 30, 2024	6 years 7 months 2 days
Aggregate Intrinsic Value, Outstanding at September 30, 2024 \| $	$ 0
Aggregate Intrinsic Value, Exercisable at September 30, 2024 \| $	0
Aggregate Intrinsic Value, Vested and expected to vest at September 30, 2024 \| $	$ 0

Restructuring and Related Costs - Additional Information (Detail) - USD ($) $ in Thousands	1 Months Ended			3 Months Ended						9 Months Ended
	Feb. 29, 2024	May 31, 2023	Jan. 31, 2023	Sep. 30, 2024	Mar. 31, 2024	Dec. 31, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2024	Sep. 30, 2023
Restructuring Cost and Reserve [Line Items]
Severance and related costs					$ 2,800	$ 700	$ 7,500	$ 600	$ 4,300
Restructuring Charges		$ 2,300		$ 200	3,800				5,000
Right-of-use asset impairments		1,300			3,200				3,700	$ 3,600
Leasehold impairments		600			$ 600				$ 1,300	$ 991	$ 600
write-off of foreign currency translation adjustments				200
Contract termination cost		$ 700
Reduction of Workforce Period Percent	3.00%	8.00%	4.00%
California [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges				$ 500				400
Capitalized software project writeoff value								$ 600
Right-of-use asset impairments											$ 800

Debt - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2024	Dec. 31, 2026
Debt Instrument [Line Items]
Percentage of voting equity of subsidiaries		65.00%
Debt instrument interest rate	6.20%	6.20%
Line of credit facility, available borrowing capacity	$ 114.4	$ 114.4
Weighted average interest rate	6.66%	6.68%
Letters of Credit [Member]
Debt Instrument [Line Items]
Available for issuance of letter of credit	$ 5.0	$ 5.0
Issuance of letter of credit	0.6	$ 0.6
Credit Facility [Member]
Debt Instrument [Line Items]
Credit facility maturity date		Dec. 31, 2026
Credit Facility [Member] \| Maximum [Member]
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity			$ 150.0
Increase (decrease) in line of credit facility	$ 50.0	$ 50.0

Document and Entity Information - shares	9 Months Ended
Document and Entity Information - shares	Sep. 30, 2024	Nov. 04, 2024
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2024
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q3
Document Quarterly Report	true
Document Transition Report	false
Title of 12(b) Security	Common Stock, $.01 Par Value
Trading Symbol	FORR
Security Exchange Name	NASDAQ
Entity Registrant Name	FORRESTER RESEARCH, INC.
Entity Central Index Key	0001023313
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Common Stock, Shares Outstanding		18,996,000
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Shell Company	false
Entity Incorporation, State or Country Code	DE
Entity File Number	000-21433
Entity Tax Identification Number	04-2797789
Entity Address, Address Line One	60 Acorn Park Drive
Entity Address, City or Town	Cambridge
Entity Address, State or Province	MA
Entity Address, Postal Zip Code	02140
City Area Code	617
Local Phone Number	613-6000

Net Income (Loss) Per Common Share

9 Months Ended

Sep. 30, 2024

Earnings Per Share [Abstract]

Net Income (Loss) Per Common Share

Note 12 — Net Income (Loss) Per Common Share

Basic net income (loss) per common share is computed by dividing net income (loss) by the basic weighted average number of common shares outstanding during the period. Diluted net income (loss) per common share is computed by dividing net income (loss) by the diluted weighted average number of common shares and common equivalent shares outstanding during the period. The weighted average number of common equivalent shares outstanding has been determined in accordance with the treasury-stock method. Common equivalent shares consist of common stock issuable on the exercise of outstanding stock options and the vesting of restricted stock units.

Basic and diluted weighted average common shares are as follows (in thousands):


	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2024		2023		2024		2023
Basic weighted average common shares outstanding		19,065		19,191		19,147		19,164
Weighted average common equivalent shares		—		98		—		75
Diluted weighted average common shares outstanding		19,065		19,289		19,147		19,239
Options and restricted stock units excluded from diluted weighted average share calculation as effect would have been anti-dilutive		1,611		631		1,263		649

Stockholders' Equity - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Apr. 30, 2024
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Authorized to purchase of common stock under the stock repurchase program	$ 610,000		$ 610,000
Additional authorized amount					$ 25,000
Number of stock options granted	0		0
Number of Shares, Exercised	0		0
Repurchase of common stock	300,000	100,000	700,000	100,000
Repurchase of common stock, Value	$ 4,969	$ 3,262	$ 12,984	$ 4,082
Cumulative repurchase of common stock	17,800,000		17,800,000
Aggregate cost of repurchase of common stock			$ 527,100

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Derivatives and Hedging

9 Months Ended

Sep. 30, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivatives and Hedging

Note 8 — Derivatives and Hedging

The Company enters into a limited number of foreign currency forward exchange contracts to mitigate the effects of adverse fluctuations in foreign currency exchange rates on transactions entered into in the normal course of business that are denominated in foreign currencies that differ from the local functional currency. These contracts generally have short durations and are recorded at fair value with both realized and unrealized gains and losses recorded in other income, net in the Consolidated Statements of Operations because the Company does not designate these contracts as hedges for accounting purposes.

During the nine months ended September 30, 2024, the Company entered into eight foreign currency forward exchange contracts, all of which settled by September 30, 2024. Accordingly, as of September 30, 2024, there is no amount recorded in the Consolidated Balance Sheets for these contracts. During the nine months ended September 30, 2023, the Company entered into nine foreign currency forward exchange contracts, all of which settled by September 30, 2023. Accordingly, as of September 30, 2023, there is no amount recorded in the Consolidated Balance Sheets for these contracts.

The Company’s derivative counterparties are investment grade financial institutions. The Company does not have any collateral arrangements with these counterparties and the derivative contracts do not contain credit risk-related contingent features. The table below provides information regarding income (expense) recognized in the Consolidated Statements of Operations for the derivative contracts for the periods indicated (in thousands):


	Three Months Ended					Nine Months Ended
	September 30,					September 30,
Amount recorded in:	2024		2023			2024		2023
Other income, net	$	84	$	(99	)	$	68	$	(33	)

Operating Segments

9 Months Ended

Sep. 30, 2024

Segment Reporting [Abstract]

Operating Segments

Note 15 — Operating Segments

The Company's chief operating decision-maker (used in determining the Company's segments) is the chief executive officer and the chief financial officer. The Company operates in three segments: Research, Consulting, and Events. These segments, which are also the Company's reportable segments, are based on the management structure of the Company and how the chief operating decision maker uses financial information to evaluate performance and determine how to allocate resources. The Company’s products and services are delivered through each segment as described below.

The Research segment includes the revenues from all of the Company’s research products as well as consulting revenues primarily from advisory services (such as speeches and advisory days) delivered by the Company’s research organization. Research segment costs include the cost of the organizations responsible for developing and delivering these products in addition to the costs of the product management organization responsible for product pricing and packaging, and the launch of new products. During the third quarter of 2024, the Company realigned the reporting structure of its technology teams and as such certain technology costs are no longer reported within the Research segment, and are now reported within the line selling, marketing, administrative and other expenses. Prior period amounts have been recast to conform to the current presentation.

The Consulting segment includes the revenues and the related costs of the Company’s project consulting organization. The project consulting organization delivers a majority of the Company’s project consulting revenue.

The Events segment includes the revenues and the costs of the organization responsible for developing and hosting the Company's events.

The Company evaluates reportable segment performance and allocates resources based on segment revenues and expenses. Segment expenses include the direct expenses of each segment organization and exclude selling and marketing expenses, general and administrative expenses, stock-based compensation expense, depreciation expense, adjustments to incentive bonus compensation from target amounts, amortization of intangible assets, restructuring and related costs, loss from sale of divested operation, interest expense, and other income. The accounting policies used by the segments are the same as those used in the consolidated financial statements.

The Company provides information by reportable segment in the tables below (in thousands):


	Research Segment			Consulting Segment			Events Segment			Consolidated
Three Months Ended September 30, 2024
Research revenues	$	77,070		$	—		$	—		$	77,070
Consulting revenues		4,335			19,034			—			23,369
Events revenues		—			—			2,088			2,088
Total segment revenues		81,405			19,034			2,088			102,527
Segment expenses		(27,886	)		(9,580	)		(3,042	)		(40,508	)
Selling, marketing, administrative and other expenses											(57,634	)
Amortization of intangible assets											(2,404	)
Restructuring and related costs											(937	)
Loss from sale of divested operation											(1,775	)
Interest expense and other income											(343	)
Loss before income taxes										$	(1,074	)


	Research Segment			Consulting Segment			Events Segment			Consolidated
Three Months Ended September 30, 2023
Research revenues	$	80,606		$	—		$	—		$	80,606
Consulting revenues		6,517			21,720			—			28,237
Events revenues		—			—			4,588			4,588
Total segment revenues		87,123			21,720			4,588			113,431
Segment expenses		(30,089	)		(10,739	)		(4,031	)		(44,859	)
Selling, marketing, administrative and other expenses											(60,456	)
Amortization of intangible assets											(3,041	)
Restructuring and related costs											(19	)
Interest expense and other income											(195	)
Income before income taxes										$	4,861


	Research Segment			Consulting Segment			Events Segment			Consolidated
Nine Months Ended September 30, 2024
Research revenues	$	237,314		$	—		$	—		$	237,314
Consulting revenues		14,478			56,843			—			71,321
Events revenues		—			—			15,794			15,794
Total segment revenues		251,792			56,843			15,794			324,429
Segment expenses		(90,080	)		(29,181	)		(15,043	)		(134,304	)
Selling, marketing, administrative and other expenses											(171,985	)
Amortization of intangible assets											(7,431	)
Restructuring and related costs											(7,643	)
Loss from sale of divested operation											(1,775	)
Interest expense and other income											421
Income before income taxes										$	1,712


	Research Segment			Consulting Segment			Events Segment			Consolidated
Nine Months Ended September 30, 2023
Research revenues	$	249,211		$	—		$	—		$	249,211
Consulting revenues		21,439			68,518			—			89,957
Events revenues		—			—			23,522			23,522
Total segment revenues		270,650			68,518			23,522			362,690
Segment expenses		(94,477	)		(34,521	)		(16,186	)		(145,184	)
Selling, marketing, administrative and other expenses											(187,987	)
Amortization of intangible assets											(9,175	)
Restructuring and related costs											(12,140	)
Interest expense and other income											(654	)
Income before income taxes										$	7,550

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

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+ Details

Contingencies - Additional Information (Detail) $ in Millions	1 Months Ended
	Jan. 31, 2023 USD ($)
General and Administrative Expense [Member]
Loss Contingencies [Line Items]
Expense related to litigation	$ 4.8

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

Leases - Additional Information (Detail) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended		9 Months Ended
	May 31, 2023	Mar. 31, 2024	Dec. 31, 2022	Sep. 30, 2024	Sep. 30, 2023
Lessee, Lease, Description [Line Items]
Right-of-use asset impairments	$ 1,300	$ 3,200	$ 3,700	$ 3,600
Leasehold impairments	$ 600	$ 600	$ 1,300	991	$ 600
California [Member]
Lessee, Lease, Description [Line Items]
Right-of-use asset impairments					$ 800
California [Member] \| Lease hold Improvements Member
Lessee, Lease, Description [Line Items]
Leasehold impairments				$ 1,000

Accumulated Other Comprehensive Loss ("AOCL") - Schedule of Components of Accumulated Other Comprehensive Income (Loss) (Parenthetical) (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Share-Based Payment Arrangement [Abstract]
Unrealized gain, net of tax	$ (36)	$ (10)	$ (44)	$ (17)

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Thousands	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ (5,798)	$ 2,484	$ (6,179)	$ 3,713

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

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+ Details

Operating Segments - Additional Information (Detail)	9 Months Ended
Operating Segments - Additional Information (Detail)	Sep. 30, 2024 Segment
Segment Reporting [Abstract]
Number of operating segments	3

Goodwill and Other Intangible Assets - Summary of Estimated Intangible Assets Amortization Expense (Detail) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Finite Lived Intangible Assets Future Amortization Expense [Abstract]
2024 (remainder)	$ 2,217
2025	8,734
2026	8,335
2027	8,324
2028	2,081
Total	$ 29,691	$ 37,637

Revenue and Related Matters - Schedule of Disaggregation of Revenue by Geography and Recognition Timing (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Disaggregation Of Revenue [Line Items]
Revenue	$ 102,527	$ 113,431	$ 324,429	$ 362,690
North America [Member]
Disaggregation Of Revenue [Line Items]
Revenue	81,932	91,580	260,611	296,257
Europe [Member]
Disaggregation Of Revenue [Line Items]
Revenue	13,274	13,778	41,715	43,053
Asia Pacific [Member]
Disaggregation Of Revenue [Line Items]
Revenue	5,058	6,074	15,259	17,593
Other [Member]
Disaggregation Of Revenue [Line Items]
Revenue	$ 2,263	$ 1,999	$ 6,844	$ 5,787

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

- Definition

Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

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+ Details

Marketable Investments - Unrealized Losses on Debt Investments (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Debt Securities, Available-for-Sale [Line Items]
Less than 12 Months - Market Value	$ 0	$ 13,098
Less than 12 Months - Unrealized Losses	0	8
12 Months or Greater - Market Value	2,983	6,872
12 Months or Greater - Unrealized Losses	8	71
Corporate obligations [Member]
Debt Securities, Available-for-Sale [Line Items]
Less than 12 Months - Market Value	0	13,098
Less than 12 Months - Unrealized Losses	0	8
12 Months or Greater - Market Value	2,983	4,879
12 Months or Greater - Unrealized Losses	$ 8	64
Federal agency obligations [Member]
Debt Securities, Available-for-Sale [Line Items]
Less than 12 Months - Market Value		0
Less than 12 Months - Unrealized Losses		0
12 Months or Greater - Market Value		1,993
12 Months or Greater - Unrealized Losses		$ 7

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

Stockholders' Equity (Tables)

9 Months Ended

Sep. 30, 2024

Equity [Abstract]

Components of Stockholders' Equity

The components of stockholders’ equity are as follows (in thousands):


	Three Months Ended September 30, 2024
	Common Stock									Treasury Stock					Accumulated
	Number of Shares		$0.01ParValue		Additional Paid-in Capital		Retained Earnings			Number of Shares		Cost			Other Comprehensive Loss			Total Stockholders' Equity
Balance at June 30, 2024		24,897	$	249	$	285,395	$	177,300			5,841	$	(219,164	)	$	(6,726	)	$	237,054
Issuance of common stock under stock plans, including tax effects		195		2		193		—			—		—			—			195
Repurchases of common stock		—		—		—		—			268		(4,969	)		—			(4,969	)
Stock-based compensation expense		—		—		3,603		—			—		—			—			3,603
Net loss		—		—		—		(5,798	)		—		—			—			(5,798	)
Net change in marketable investments, net of tax		—		—		—		—			—		—			107			107
Foreign currency translation		—		—		—		—			—		—			4,142			4,142
Balance at September 30, 2024		25,092	$	251	$	289,191	$	171,502			6,109	$	(224,133	)	$	(2,477	)	$	234,334


	Three Months Ended September 30, 2023
	Common Stock								Treasury Stock					Accumulated
	Number of Shares		$0.01ParValue		Additional Paid-in Capital		Retained Earnings		Number of Shares		Cost			Other Comprehensive Loss			Total Stockholders' Equity
Balance at June 30, 2023		24,512	$	245	$	269,371	$	175,860		5,332	$	(207,887	)	$	(5,944	)	$	231,645
Issuance of common stock under stock plans, including tax effects		160		2		282		—		—		—			—			284
Repurchases of common stock		—		—		—		—		105		(3,262	)		—			(3,262	)
Stock-based compensation expense		—		—		4,144		—		—		—			—			4,144
Net income		—		—		—		2,484		—		—			—			2,484
Net change in marketable investments, net of tax		—		—		—		—		—		—			30			30
Foreign currency translation		—		—		—		—		—		—			(2,435	)		(2,435	)
Balance at September 30, 2023		24,672	$	247	$	273,797	$	178,344		5,437	$	(211,149	)	$	(8,349	)	$	232,890


	Nine Months Ended September 30, 2024
	Common Stock										Treasury Stock					Accumulated
	Number of Shares		$0.01 Par Value		Additional Paid-in Capital			Retained Earnings			Number of Shares		Cost			Other Comprehensive Loss			Total Stockholders' Equity
Balance at December 31, 2023		24,684	$	247	$	278,057		$	177,681			5,437	$	(211,149	)	$	(4,571	)	$	240,265
Issuance of common stock under stock plans, including tax effects		408		4		(68	)		—			—		—			—			(64	)
Repurchases of common stock		—		—		—			—			672		(12,984	)		—			(12,984	)
Stock-based compensation expense		—		—		11,202			—			—		—			—			11,202
Net loss		—		—		—			(6,179	)		—		—			—			(6,179	)
Net change in marketable investments, net of tax		—		—		—			—			—		—			131			131
Foreign currency translation		—		—		—			—			—		—			1,963			1,963
Balance at September 30, 2024		25,092	$	251	$	289,191		$	171,502			6,109	$	(224,133	)	$	(2,477	)	$	234,334


	Nine Months Ended September 30, 2023
	Common Stock								Treasury Stock					Accumulated
	Number of Shares		$0.01 Par Value		Additional Paid-in Capital		Retained Earnings		Number of Shares		Cost			Other Comprehensive Loss			Total Stockholders' Equity
Balance at December 31, 2022		24,367	$	244	$	261,766	$	174,631		5,305	$	(207,067	)	$	(7,918	)	$	221,656
Issuance of common stock under stock plans, including tax effects		305		3		862		—		—		—			—			865
Repurchases of common stock		—		—		—		—		132		(4,082	)		—			(4,082	)
Stock-based compensation expense		—		—		11,169		—		—		—			—			11,169
Net income		—		—		—		3,713		—		—			—			3,713
Net change in marketable investments, net of tax		—		—		—		—		—		—			52			52
Foreign currency translation		—		—		—		—		—		—			(483	)		(483	)
Balance at September 30, 2023		24,672	$	247	$	273,797	$	178,344		5,437	$	(211,149	)	$	(8,349	)	$	232,890

Schedule of Restricted Stock Unit Activity

Restricted stock unit activity for the nine months ended September 30, 2024 is presented below (in thousands, except per share data):


				Weighted-
				Average
	Number of			Grant Date
	Shares			Fair Value
Unvested at December 31, 2023		999		$	37.66
Granted		876			21.38
Vested		(380	)		38.15
Forfeited		(146	)		31.52
Unvested at September 30, 2024		1,349		$	27.61

Schedule of Stock Option Activity

Stock option activity for the nine months ended September 30, 2024 is presented below (in thousands, except per share data and contractual term):


				Weighted -		Weighted -
				Average		Average
				Exercise		Remaining		Aggregate
	Number			Price Per		Contractual		Intrinsic
	of Shares			Share		Term (in years)		Value
Outstanding at December 31, 2023		201		$	33.93
Forfeited		(31	)		37.46
Outstanding at September 30, 2024		170		$	33.29		6.59	$	—
Exercisable at September 30, 2024		74		$	33.62		4.22	$	—
Vested and expected to vest at September 30, 2024		170		$	33.29		6.59	$	—

Summary of Stock-Based Compensation Recorded in Expense Categories in Consolidated Statements of Operations

Stock-based compensation was recorded in the following expense categories in the Consolidated Statements of Operations (in thousands):


	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2024		2023		2024		2023
Cost of services and fulfillment	$	2,142	$	2,449	$	6,777	$	6,505
Selling and marketing		528		790		1,685		2,094
General and administrative		933		905		2,740		2,570
Total	$	3,603	$	4,144	$	11,202	$	11,169

Fair Value of Options Granted Under Equity Incentive Plan and Shares Subject to Employee Stock Purchase Plan Valuation Assumptions


	Three Months Ended									Nine Months Ended
	September 30,									September 30,
	2024			2023						2024			2023
	Employee Stock Purchase Plan			Equity Incentive Plans			Employee Stock Purchase Plan			Employee Stock Purchase Plan			Equity Incentive Plans			Employee Stock Purchase Plan
Average risk-free interest rate		4.55	%		4.27	%		5.51	%		4.55	%		4.27	%		5.51	%
Expected dividend yield		0.0	%		0.0	%		0.0	%		0.0	%		0.0	%		0.0	%
Expected life	0.5 Years			4.75 Years			0.5 Years			0.5 Years			4.75 Years			0.5 Years
Expected volatility		38	%		43	%		35	%		38	%		43	%		35	%
Weighted average fair value	$	4.86		$	14.24		$	7.90		$	4.86		$	14.24		$	7.90

Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2024

Fair Value Disclosures [Abstract]

Summary of Company's Fair Value Hierarchy for its Financial Assets and Liabilities

The following table represents the Company’s fair value hierarchy for its financial assets and liabilities that are measured at fair value on a recurring basis (in thousands):


	As of September 30, 2024
	Level 1		Level 2		Total
Assets:
Money market funds (1)	$	53,352	$	—	$	53,352
Marketable investments (3)		—		13,397		13,397
Total Assets	$	53,352	$	13,397	$	66,749


	As of December 31, 2023
	Level 1		Level 2		Total
Assets:
Money market funds (2)	$	55,128	$	—	$	55,128
Marketable investments (3)		—		19,970		19,970
Total Assets	$	55,128	$	19,970	$	75,098

(1)

U.S. based funds of $14.6 million are included in cash and cash equivalents and non-U.S. based funds of $38.8 million are included in marketable investments in the Consolidated Balance Sheets.

(2)

U.S. based funds of $23.5 million are included in cash and cash equivalents and non-U.S. based funds of $31.6 million are included in marketable investments in the Consolidated Balance Sheets.

(3)

Marketable investments have been initially valued at the transaction price and subsequently valued, at the end of the reporting period, utilizing third party pricing services or other market observable data. The pricing services utilize industry standard valuation methods, including both income and market-based approaches and observable market inputs to determine value. These observable market inputs include reportable trades, benchmark yields, credit spreads, broker/dealer quotes, bids, offers, current spot rates and other industry and economic events.

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Current Assets:
Cash and cash equivalents	$ 62,754	$ 72,909
Marketable investments	52,178	51,580
Accounts receivable, net of allowance for expected credit losses of $578 and $574 as of September 30, 2024 and December 31, 2023, respectively	39,165	58,999
Deferred commissions	16,196	23,207
Prepaid expenses and other current assets	23,574	9,305
Total current assets	193,867	216,000
Property and equipment, net	12,686	19,401
Operating lease right-of-use assets	29,671	39,722
Goodwill	230,247	244,257
Intangible assets, net	29,691	37,637
Other assets	9,097	7,157
Total assets	505,259	564,174
Current Liabilities:
Accounts payable	1,575	1,796
Accrued expenses and other current liabilities	43,270	81,482
Deferred revenue	153,155	156,798
Total current liabilities	198,000	240,076
Long-term debt	35,000	35,000
Non-current operating lease liabilities	28,422	37,673
Other non-current liabilities	9,503	11,160
Total liabilities	270,925	323,909
Commitments and contingencies (Note 16)
Stockholders' Equity :
Preferred stock, $0,01 par value Authorized - 500 shares; issued and outstanding - none	0	0
Common stock, $0.01 par value Authorized - 125,000 shares Issued - 25,092 and 24,684 shares as of September 30, 2024 and December 31, 2023, respectively Outstanding - 18,983 and 19,248 shares as of September 30, 2024 and December 31, 2023, respectively	251	247
Additional paid-in capital	289,191	278,057
Retained earnings	171,502	177,681
Treasury stock - 6,019 and 5,437 shares as of September 30, 2024 and December 31, 2023, respectively	(224,133)	(211,149)
Accumulated other comprehensive loss	(2,477)	(4,571)
Total stockholders’ equity	234,334	240,265
Total liabilities and stockholders’ equity	$ 505,259	$ 564,174

Marketable Investments - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Investments, Debt and Equity Securities [Abstract]
Realized gains or losses on investments	$ 0	$ 0	$ 0	$ 0

Operating Segments (Tables)

9 Months Ended

Sep. 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 September 30, 2024
Research revenues	$	77,070		$	—		$	—		$	77,070
Consulting revenues		4,335			19,034			—			23,369
Events revenues		—			—			2,088			2,088
Total segment revenues		81,405			19,034			2,088			102,527
Segment expenses		(27,886	)		(9,580	)		(3,042	)		(40,508	)
Selling, marketing, administrative and other expenses											(57,634	)
Amortization of intangible assets											(2,404	)
Restructuring and related costs											(937	)
Loss from sale of divested operation											(1,775	)
Interest expense and other income											(343	)
Loss before income taxes										$	(1,074	)


	Research Segment			Consulting Segment			Events Segment			Consolidated
Three Months Ended September 30, 2023
Research revenues	$	80,606		$	—		$	—		$	80,606
Consulting revenues		6,517			21,720			—			28,237
Events revenues		—			—			4,588			4,588
Total segment revenues		87,123			21,720			4,588			113,431
Segment expenses		(30,089	)		(10,739	)		(4,031	)		(44,859	)
Selling, marketing, administrative and other expenses											(60,456	)
Amortization of intangible assets											(3,041	)
Restructuring and related costs											(19	)
Interest expense and other income											(195	)
Income before income taxes										$	4,861


	Research Segment			Consulting Segment			Events Segment			Consolidated
Nine Months Ended September 30, 2024
Research revenues	$	237,314		$	—		$	—		$	237,314
Consulting revenues		14,478			56,843			—			71,321
Events revenues		—			—			15,794			15,794
Total segment revenues		251,792			56,843			15,794			324,429
Segment expenses		(90,080	)		(29,181	)		(15,043	)		(134,304	)
Selling, marketing, administrative and other expenses											(171,985	)
Amortization of intangible assets											(7,431	)
Restructuring and related costs											(7,643	)
Loss from sale of divested operation											(1,775	)
Interest expense and other income											421
Income before income taxes										$	1,712


	Research Segment			Consulting Segment			Events Segment			Consolidated
Nine Months Ended September 30, 2023
Research revenues	$	249,211		$	—		$	—		$	249,211
Consulting revenues		21,439			68,518			—			89,957
Events revenues		—			—			23,522			23,522
Total segment revenues		270,650			68,518			23,522			362,690
Segment expenses		(94,477	)		(34,521	)		(16,186	)		(145,184	)
Selling, marketing, administrative and other expenses											(187,987	)
Amortization of intangible assets											(9,175	)
Restructuring and related costs											(12,140	)
Interest expense and other income											(654	)
Income before income taxes										$	7,550

Net Income (Loss) Per Common Share - Schedule of Basic and Diluted Weighted Average Common Shares (Detail) - shares shares in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Earnings Per Share [Abstract]
Basic weighted average common shares outstanding	19,065	19,191	19,147	19,164
Weighted average common equivalent shares	0	98	0	75
Diluted weighted average common shares outstanding	19,065	19,289	19,147	19,239
Options and restricted stock units excluded from diluted weighted average share calculation as effect would have been anti-dilutive	1,611	631	1,263	649

Goodwill and Other Intangible Assets - Additional Information (Detail) $ in Thousands	9 Months Ended
	Sep. 30, 2024 USD ($)
Goodwill [Line Items]
Accumulated goodwill impairment losses	$ 0
Consulting [Member]
Goodwill [Line Items]
Goodwill impairment charges	0
Goodwill allocated to reporting unit	$ 8,200

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 24
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482548/350-20-55-24

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-2

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1A

+ Details

Debt

9 Months Ended

Sep. 30, 2024

Debt Disclosure [Abstract]

Debt

Note 5 — Debt

The Company has a credit facility that provides up to $150.0 million of revolving credit commitments and matures in December of 2026. The credit facility includes an expansion feature that permits the Company to increase the revolving credit commitments in an aggregate principal amount up to $50.0 million, subject to approval by the administrative agent and certain customary terms and conditions.

The credit facility contains certain customary restrictive loan covenants, including among others, financial covenants that apply a maximum leverage ratio, minimum interest coverage ratio, and maximum annual capital expenditures. The negative covenants limit, subject to various exceptions, the Company’s ability to incur additional indebtedness, create liens on assets, merge, consolidate, liquidate or dissolve any part of the Company, sell assets, change fiscal year, or enter into certain transactions with affiliates and subsidiaries. The Company was in full compliance with the covenants as of September 30, 2024.

The Company may voluntarily prepay revolving loans under the credit facility at any time and from time to time, without premium or penalty. No interim amortization payments are required to be made under the credit facility.

The credit facility provided that once LIBOR ceased to exist in 2023, the benchmark rate for the loans outstanding automatically transferred from LIBOR to the Secured Overnight Financing Rate (SOFR). In April 2023, the Company executed a second amendment to the credit facility to facilitate the conversion from LIBOR to SOFR and to set the base interest rate at SOFR plus 10 basis points.

Up to $5.0 million of the credit facility is available for the issuance of letters of credit, and any drawings under the letters of credit must be reimbursed within one business day. As of September 30, 2024, $0.6 million in letters of credit were issued under the credit facility.

Outstanding Borrowings

The following table summarizes the Company’s total outstanding borrowings as of the dates indicated (in thousands):


Description:	September 30, 2024		December 31, 2023
Credit facility	$	35,000	$	35,000

The contractual annualized interest rate as of September 30, 2024 was 6.20%.

The Company had $114.4 million of available borrowing capacity on the credit facility (not including the expansion feature) as of September 30, 2024. The weighted average annual effective interest rate for the three and nine months ended September 30, 2024, was 6.66% and 6.68%, respectively.

All obligations under the credit facility are unconditionally guaranteed by each of the Company’s existing and future, direct and indirect, material wholly-owned domestic subsidiaries, other than certain excluded subsidiaries, and are collateralized by a first priority lien on substantially all tangible and intangible assets, including intellectual property, and all of the capital stock of the Company's subsidiaries (limited to 65% of the voting equity of certain subsidiaries).

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481544/470-10-50-6

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481544/470-10-50-6

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(c))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 470
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/470/tableOfContent

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 835
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482925/835-30-45-2

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1C
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1C

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1C
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1C

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1C
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1C

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1E
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1E

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1I

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
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-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1I

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1I

+ Details

Leases - Summary of Components of Lease Expense (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Leases [Abstract]
Operating lease cost	$ 2,902	$ 3,068	$ 8,893	$ 9,622
Short-term lease cost	291	228	737	747
Variable lease cost	1,311	1,257	3,579	3,113
Sublease income	(133)	(130)	(394)	(391)
Total lease cost	$ 4,371	$ 4,423	$ 12,815	$ 13,091

Revenue and Related Matters - Additional Information (Detail) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Contract assets	$ 0	$ 0	$ 0	$ 0
Deferred revenue recognized	22,700,000	27,900,000	133,200,000	153,800,000
Revenue expected to be recognized	346,200,000		346,200,000
Amortization expense related to deferred commissions	$ 8,400,000	$ 9,200,000	26,200,000	28,300,000
Impairment of deferred commissions			$ 0	$ 0
Maximum [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Contract with customer, expected payment term			one year

Interim Consolidated Financial Statements (Tables)

9 Months Ended

Sep. 30, 2024

Accounting Policies [Abstract]

Summary of End-of-period Cash and Cash Equivalents and Cash, Cash Equivalents and Restricted Cash from Financial Statements


	Nine Months Ended September 30,
	2024		2023
Cash and cash equivalents shown in balance sheets	$	62,754	$	101,706
Restricted cash classified in other assets (1):		2,242		2,043
Cash, cash equivalents and restricted cash shown in statement of cash flows	$	64,996	$	103,749

(1)

Interim Consolidated Financial Statements - Additional Information (Detail)	Sep. 30, 2024
ASU No. 2019-12 [Member]
Summary Of Significant Accounting Policy [Line Items]
Change in accounting principle, accounting standards update, adopted	true
Change in accounting principle, accounting standards update, immaterial effect	true
ASU No. 2021-01 [Member]
Summary Of Significant Accounting Policy [Line Items]
Change in accounting principle, accounting standards update, adopted	true
Change in accounting principle, accounting standards update, immaterial effect	true
ASU No. 2023-07 [Member]
Summary Of Significant Accounting Policy [Line Items]
Change in accounting principle, accounting standards update, adopted	true
Change in accounting principle, accounting standards update, immaterial effect	true

- Definition

Indicates (true false) whether accounting standards update was adopted.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476173/280-10-65-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 9
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482615/740-10-65-9

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 105
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 7
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479343/105-10-65-7

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 60
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476176/805-60-65-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 323
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478666/740-323-65-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 323
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478666/740-323-65-2

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 848
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483550/848-10-65-2

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 848
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
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-URI https://asc.fasb.org/1943274/2147483550/848-10-65-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 842
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 8
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479832/842-10-65-8

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 50
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477123/405-50-65-1

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 13
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482477/820-10-65-13

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 13
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482477/820-10-65-13

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 326
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 5
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479654/326-10-65-5

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 326
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 5
-Subparagraph (b)
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-URI https://asc.fasb.org/1943274/2147479654/326-10-65-5

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 20
-Name Accounting Standards Codification
-Section 65
-Paragraph 6
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480528/815-20-65-6

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
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-URI https://asc.fasb.org/1943274/2147480528/815-20-65-6

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 65
-Paragraph 3
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479845/805-20-65-3

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
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-Name Accounting Standards Codification
-Section 65
-Paragraph 3
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479845/805-20-65-3

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480016/944-40-65-2

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
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-Name Accounting Standards Codification
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Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 326
-SubTopic 10
-Name Accounting Standards Codification
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Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 326
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Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 926
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Reference 24: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org/1943274/2147483194/926-20-65-2

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
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-Section 65
-Paragraph 1
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-Publisher FASB
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Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
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-URI https://asc.fasb.org/1943274/2147480175/815-40-65-1

Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
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-Name Accounting Standards Codification
-Section 50
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Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Topic 326
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-Name Accounting Standards Codification
-Section 65
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479654/326-10-65-2

Reference 29: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section 65
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-SubTopic 10
-Topic 326
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479654/326-10-65-3

Reference 30: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section 65
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-SubTopic 10
-Topic 326
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479654/326-10-65-3

Reference 31: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 60
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476166/350-60-65-1

+ Details

Interim Consolidated Financial Statements - Summary of End-of-period Cash and Cash Equivalents and Cash, Cash Equivalents and Restricted Cash from Financial Statements (Detail) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023	Sep. 30, 2023
Cash and Cash Equivalents [Abstract]
Cash and cash equivalents shown in balance sheets	$ 62,754	$ 72,909	$ 101,706
Restricted cash classified in other assets	$ 2,242		$ 2,043
Restricted Cash, Noncurrent, Asset, Statement of Financial Position [Extensible List]	Other assets		Other assets
Cash, cash equivalents and restricted cash shown in statement of cash flows	$ 64,996		$ 103,749

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Sep. 30, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Stockholders' Equity - Summary of Stock-Based Compensation Recorded in Expense Categories in Consolidated Statements of Operations (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Total allocated share-based compensation expense	$ 3,603	$ 4,144	$ 11,202	$ 11,169
Cost of Services and Fulfillment [Member]
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Total allocated share-based compensation expense	2,142	2,449	6,777	6,505
Selling and Marketing [Member]
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Total allocated share-based compensation expense	528	790	1,685	2,094
General and Administrative [Member]
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Total allocated share-based compensation expense	$ 933	$ 905	$ 2,740	$ 2,570

Fair Value Measurements - Summary of Company's Fair Value Hierarchy for its Financial Assets and Liabilities (Detail) - Fair Value, Measurements, Recurring [Member] - USD ($)
$ in Thousands

Sep. 30, 2024

Dec. 31, 2023

Assets:

Fair value of investments

$ 66,749

$ 75,098

Money Market Funds [Member]

Assets:

Fair value of cash equivalents

53,352

^[1]

55,128

^[2]

Marketable Investments [Member]

Assets:

Fair value of investments

^[3]

13,397

19,970

Level 1 [Member]

Assets:

Fair value of investments

53,352

55,128

Level 1 [Member] | Money Market Funds [Member]

Assets:

Fair value of cash equivalents

53,352

^[1]

55,128

^[2]

Level 1 [Member] | Marketable Investments [Member]

Assets:

Fair value of investments

^[3]

Level 2 [Member]

Assets:

Fair value of investments

13,397

19,970

Level 2 [Member] | Money Market Funds [Member]

Assets:

Fair value of cash equivalents

^[1]

^[2]

Level 2 [Member] | Marketable Investments [Member]

Assets:

Fair value of investments

^[3]

$ 13,397

$ 19,970

[1]	U.S. based funds of $14.6 million are included in cash and cash equivalents and non-U.S. based funds of $38.8 million are included in marketable investments in the Consolidated Balance Sheets.
[2]	U.S. based funds of $23.5 million are included in cash and cash equivalents and non-U.S. based funds of $31.6 million are included in marketable investments in the Consolidated Balance Sheets.
[3]	Marketable investments have been initially valued at the transaction price and subsequently valued, at the end of the reporting period, utilizing third party pricing services or other market observable data. The pricing services utilize industry standard valuation methods, including both income and market-based approaches and observable market inputs to determine value. These observable market inputs include reportable trades, benchmark yields, credit spreads, broker/dealer quotes, bids, offers, current spot rates and other industry and economic events.

Restructuring and Related Costs - Schedule of Activity in Restructuring Accrual (Detail) $ in Thousands	9 Months Ended
	Sep. 30, 2024 USD ($)
Workforce reduction in january two thousand twenty three
Restructuring Cost and Reserve [Line Items]
Accrual at December 31, 2023	$ 48
Additional restructuring and related costs	506
Non-cash charge (included above)	(492)
Cash payments	(62)
Accrual at September 30, 2024	0
Workforce reduction in may two thousand twenty three
Restructuring Cost and Reserve [Line Items]
Accrual at December 31, 2023	1,282
Additional restructuring and related costs	262
Non-cash charge (included above)	(232)
Cash payments	(943)
Accrual at September 30, 2024	369
Workforce reduction in february two thousand twenty four
Restructuring Cost and Reserve [Line Items]
Accrual at December 31, 2023	732
Additional restructuring and related costs	6,875
Non-cash charge (included above)	(4,060)
Cash payments	(3,435)
Accrual at September 30, 2024	$ 112

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

Stockholders' Equity - Schedule of Restricted Stock Unit Activity (Detail) - Restricted Stock Units (RSUs) [Member] shares in Thousands	9 Months Ended
	Sep. 30, 2024 $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Shares, Unvested, Beginning Balance \| shares	999
Number of Shares, Granted \| shares	876
Number of Shares, Vested \| shares	(380)
Number of Shares, Forfeited \| shares	(146)
Number of Shares, Unvested, Ending Balance \| shares	1,349
Weighted-Average Grant Date Fair Value, Unvested, Beginning Balance \| $ / shares	$ 37.66
Weighted-Average Grant Date Fair Value, Granted \| $ / shares	21.38
Weighted-Average Grant Date Fair Value, Vested \| $ / shares	38.15
Weighted-Average Grant Date Fair Value, Forfeited \| $ / shares	31.52
Weighted-Average Grant Date Fair Value, Unvested, Ending Balance \| $ / shares	$ 27.61

Interim Consolidated Financial Statements (Policies)

9 Months Ended

Sep. 30, 2024

Accounting Policies [Abstract]

Basis of Presentation

Presentation of Restricted Cash


	Nine Months Ended September 30,
	2024		2023
Cash and cash equivalents shown in balance sheets	$	62,754	$	101,706
Restricted cash classified in other assets (1):		2,242		2,043
Cash, cash equivalents and restricted cash shown in statement of cash flows	$	64,996	$	103,749

(1)

Recent Accounting Pronouncements

Stockholders' Equity - Fair Value of Options Granted Under Equity Incentive Plan and Shares Subject to Employee Stock Purchase Plan Valuation Assumptions (Detail) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Employee Stock Purchase Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Average risk-free interest rate	4.55%	5.51%	4.55%	5.51%
Expected dividend yield	0.00%	0.00%	0.00%	0.00%
Expected life	6 months	6 months	6 months	6 months
Expected volatility	38.00%	35.00%	38.00%	35.00%
Weighted average fair value	$ 4.86	$ 7.9	$ 4.86	$ 7.9
Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Average risk-free interest rate		4.27%		4.27%
Expected dividend yield		0.00%		0.00%
Expected life		4 years 9 months		4 years 9 months
Expected volatility		43.00%		43.00%
Weighted average fair value		$ 14.24		$ 14.24

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

Operating Segments - Schedule of Information by Reportable Segment (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Segment Reporting Information [Line Items]
Total revenues	$ 102,527	$ 113,431	$ 324,429	$ 362,690
Segment expenses	(40,508)	(44,859)	(134,304)	(145,184)
Selling, marketing, administrative and other expenses	(57,634)	(60,456)	(171,985)	(187,987)
Amortization of intangible assets	(2,404)	(3,041)	(7,431)	(9,175)
Restructuring and related costs	(937)	(19)	(7,643)	(12,140)
Loss from sale of divested operation	(1,775)	0	(1,775)	0
Interest expense and other income	(343)	(195)	421	(654)
Income (loss) before income taxes	(1,074)	4,861	1,712	7,550
Research Segment [Member]
Segment Reporting Information [Line Items]
Total revenues	81,405	87,123	251,792	270,650
Segment expenses	(27,886)	(30,089)	(90,080)	(94,477)
Consulting Segment Member
Segment Reporting Information [Line Items]
Total revenues	19,034	21,720	56,843	68,518
Segment expenses	(9,580)	(10,739)	(29,181)	(34,521)
Events Segment [Member]
Segment Reporting Information [Line Items]
Total revenues	2,088	4,588	15,794	23,522
Segment expenses	(3,042)	(4,031)	(15,043)	(16,186)
Research [Member]
Segment Reporting Information [Line Items]
Total revenues	77,070	80,606	237,314	249,211
Research [Member] \| Research Segment [Member]
Segment Reporting Information [Line Items]
Total revenues	77,070	80,606	237,314	249,211
Research [Member] \| Consulting Segment Member
Segment Reporting Information [Line Items]
Total revenues	0	0	0	0
Research [Member] \| Events Segment [Member]
Segment Reporting Information [Line Items]
Total revenues	0	0	0	0
Consulting [Member]
Segment Reporting Information [Line Items]
Total revenues	23,369	28,237	71,321	89,957
Consulting [Member] \| Research Segment [Member]
Segment Reporting Information [Line Items]
Total revenues	4,335	6,517	14,478	21,439
Consulting [Member] \| Consulting Segment Member
Segment Reporting Information [Line Items]
Total revenues	19,034	21,720	56,843	68,518
Consulting [Member] \| Events Segment [Member]
Segment Reporting Information [Line Items]
Total revenues	0	0	0	0
Events [Member]
Segment Reporting Information [Line Items]
Total revenues	2,088	4,588	15,794	23,522
Events [Member] \| Research Segment [Member]
Segment Reporting Information [Line Items]
Total revenues	0	0	0	0
Events [Member] \| Consulting Segment Member
Segment Reporting Information [Line Items]
Total revenues	0	0	0	0
Events [Member] \| Events Segment [Member]
Segment Reporting Information [Line Items]
Total revenues	$ 2,088	$ 4,588	$ 15,794	$ 23,522

Accumulated Other Comprehensive Loss ("AOCL")

9 Months Ended

Sep. 30, 2024

Equity [Abstract]

Accumulated Other Comprehensive Loss ("AOCL")

Note 11 — Accumulated Other Comprehensive Loss (“AOCL”)

The components of accumulated other comprehensive loss are as follows (net of tax, in thousands):


	Marketable			Translation
	Investments			Adjustment			Total AOCL
Balance at June 30, 2024	$	(36	)	$	(6,690	)	$	(6,726	)
Foreign currency translation (1)		—			3,910			3,910
Reclassification adjustment for write-off of foreign currency translation loss (2)		—			232			232
Unrealized gain, net of tax of $(36)		107			—			107
Balance at September 30, 2024	$	71		$	(2,548	)	$	(2,477	)


	Marketable			Translation
	Investments			Adjustment			Total AOCL
Balance at June 30, 2023	$	(137	)	$	(5,807	)	$	(5,944	)
Foreign currency translation (1)		—			(2,435	)		(2,435	)
Unrealized gain, net of tax of $(10)		30			—			30
Balance at September 30, 2023	$	(107	)	$	(8,242	)	$	(8,349	)


	Marketable			Translation
	Investments			Adjustment			Total AOCL
Balance at December 31, 2023	$	(60	)	$	(4,511	)	$	(4,571	)
Foreign currency translation (1)		—			1,731			1,731
Reclassification adjustment for write-off of foreign currency translation loss (2)		—			232			232
Unrealized gain, net of tax of $(44)		131			—			131
Balance at September 30, 2024	$	71		$	(2,548	)	$	(2,477	)


	Marketable			Translation
	Investments			Adjustment			Total AOCL
Balance at December 31, 2022	$	(159	)	$	(7,759	)	$	(7,918	)
Foreign currency translation (1)		—			(483	)		(483	)
Unrealized gain, net of tax of $(17)		52			—			52
Balance at September 30, 2023	$	(107	)	$	(8,242	)	$	(8,349	)

(1)

(2)

Debt (Tables)

9 Months Ended

Sep. 30, 2024

Debt Disclosure [Abstract]

Summary of Company's Total Outstanding Borrowings

The following table summarizes the Company’s total outstanding borrowings as of the dates indicated (in thousands):


Description:	September 30, 2024		December 31, 2023
Credit facility	$	35,000	$	35,000

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ (5,798)	$ 2,484	$ (6,179)	$ 3,713
Other comprehensive income (loss), net of tax:
Foreign currency translation	4,142	(2,435)	1,963	(483)
Net change in market value of investments	107	30	131	52
Other comprehensive income (loss)	4,249	(2,405)	2,094	(431)
Comprehensive income (loss)	$ (1,549)	$ 79	$ (4,085)	$ 3,282

- Definition

Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners.

+ References + Details

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

+ Details

Divestiture

9 Months Ended

Sep. 30, 2024

Disclosure Text Block [Abstract]

Divestiture

Note 2 — Divestiture

In August 2024, the Company completed the sale of a non-core product line, FeedbackNow, for approximately $17.6 million. The Company received $6.0 million in cash from the sale, along with a note receivable of $9.0 million that is payable by the third quarter of 2025, and a non-marketable equity investment in the acquirer valued at $2.6 million, which is accounted for under the cost method. The Company recorded a pre-tax loss of $1.8 million on the sale of FeedbackNow, which is included in Loss from sale of divested operation in the Consolidated Statements of Operations for the three and nine months ended September 30, 2024. The FeedbackNow product line was included in the Company’s Research segment. The principal components of the assets divested included goodwill, property and equipment, and accounts receivable, with carrying amounts of $14.8 million, $2.2 million, and $2.4 million, respectively, while the liabilities transferred with the sale primarily consisted of deferred revenue with a carrying amount of $1.8 million.

Fair Value Measurements

9 Months Ended

Sep. 30, 2024

Fair Value Disclosures [Abstract]

Fair Value Measurements

Note 9 — Fair Value Measurements

The carrying amounts reflected in the Consolidated Balance Sheets for cash, accounts receivable, accounts payable, and accrued expenses approximate fair value due to their short-term maturities. The Company’s financial instruments also include its outstanding variable-rate borrowings (refer to Note 5 – Debt). The Company believes that the carrying amount of its variable-rate borrowings reasonably approximate their fair values because the rates of interest on those borrowings reflect current market rates of interest.

Additionally, the Company measures certain financial assets and liabilities at fair value on a recurring basis including cash equivalents and marketable investments. The fair values of these financial assets and liabilities have been classified as Level 1, 2, or 3 within the fair value hierarchy as described in the accounting standards for fair value measurements:

Level 1 — Fair value based on quoted prices in active markets for identical assets or liabilities.

Level 2 — Fair value based on inputs other than Level 1 inputs that are observable, either directly or indirectly, such as quoted prices for similar assets or liabilities, quoted prices in markets that are not active, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities.

Level 3 — Fair value based on unobservable inputs that are supported by little or no market activity and such inputs are significant to the fair value of the assets or liabilities.

The following table represents the Company’s fair value hierarchy for its financial assets and liabilities that are measured at fair value on a recurring basis (in thousands):


	As of September 30, 2024
	Level 1		Level 2		Total
Assets:
Money market funds (1)	$	53,352	$	—	$	53,352
Marketable investments (3)		—		13,397		13,397
Total Assets	$	53,352	$	13,397	$	66,749


	As of December 31, 2023
	Level 1		Level 2		Total
Assets:
Money market funds (2)	$	55,128	$	—	$	55,128
Marketable investments (3)		—		19,970		19,970
Total Assets	$	55,128	$	19,970	$	75,098

(1)

U.S. based funds of $14.6 million are included in cash and cash equivalents and non-U.S. based funds of $38.8 million are included in marketable investments in the Consolidated Balance Sheets.

(2)

U.S. based funds of $23.5 million are included in cash and cash equivalents and non-U.S. based funds of $31.6 million are included in marketable investments in the Consolidated Balance Sheets.

(3)

During the nine months ended September 30, 2024, the Company did not transfer assets or liabilities between levels of the fair value hierarchy. Additionally, there have been no changes to the valuation techniques for Level 2 assets and liabilities.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
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+ Details

Marketable Investments

9 Months Ended

Sep. 30, 2024

Investments, Debt and Equity Securities [Abstract]

Marketable Investments

Note 3 — Marketable Investments

The following table summarizes the Company’s marketable investments (in thousands):


	As of September 30, 2024
			Gross		Gross
	Amortized		Unrealized		Unrealized			Market
	Cost		Gains		Losses			Value
Corporate obligations	$	13,300	$	105	$	(8	)	$	13,397
Money market funds		38,781		—		—			38,781
Total	$	52,081	$	105	$	(8	)	$	52,178


	As of December 31, 2023
			Gross		Gross
	Amortized		Unrealized		Unrealized			Market
	Cost		Gains		Losses			Value
Corporate obligations	$	18,049	$	—	$	(72	)	$	17,977
Federal agency obligations		2,000		—		(7	)		1,993
Money market funds		31,610		—		—			31,610
Total	$	51,659	$	—	$	(79	)	$	51,580

Realized gains and losses on investments are included in earnings and are determined using the specific identification method. Sales of marketable investments during 2024 primarily represent redemptions from non-U.S. based money market funds, and there were no realized gains or losses on sales of marketable investments during the three and nine months ended September 30, 2024 and 2023.

The following table summarizes the maturity periods of the marketable investments in the Company’s portfolio as of September 30, 2024 (in thousands).


	FY 2024		FY 2025		FY 2026		FY 2027		Total
Corporate obligations	$	1,994	$	6,066	$	4,322	$	1,015	$	13,397
Money market funds		38,781		—		—		—		38,781
Total	$	40,775	$	6,066	$	4,322	$	1,015	$	52,178


	As of September 30, 2024
	Less Than 12 Months				12 Months or Greater
	Market		Unrealized		Market		Unrealized
	Value		Losses		Value		Losses
Corporate obligations	$	—	$	—	$	2,983	$	8
Total	$	—	$	—	$	2,983	$	8


	As of December 31, 2023
	Less Than 12 Months				12 Months or Greater
	Market		Unrealized		Market		Unrealized
	Value		Losses		Value		Losses
Corporate obligations	$	13,098	$	8	$	4,879	$	64
Federal agency obligations		—		—		1,993		7
Total	$	13,098	$	8	$	6,872	$	71