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Revenue and Related Contract Costs and Contract Liabilities (Tables) | 3 Months Ended
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Mar. 31, 2018
Summary of Changes in Contract Liabilities | Changes to contract liabilities are as follows:
(in thousands) |  |  |  |
Balance at January 1, 2018 |  | $ | 31,981 |
Cash additions |  |  | 38,241 |
Revenue recognized |  |  | (18,526 | )
Foreign exchange translation adjustment |  |  | 195 |
Balance at March 31, 2018 |  | $ | 51,891 |
Disaggregate Revenue of GES and Pursuit by Major Product Line Timing of Revenue Recognition and Markets Served | The following tables disaggregate revenue of GES and Pursuit by major product line, timing of revenue recognition, and markets served: GES
|  | Three Months Ended March 31, 2018 |
(in thousands) |  | GES U.S. |  |  | GES International |  |  | Intersegment Eliminations |  |  | Total |
Services: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Core services |  | $ | 163,367 |  |  | $ | 46,213 |  |  | $ | — |  |  | $ | 209,580 |
Audio-visual |  |  | 17,084 |  |  |  | 3,168 |  |  |  | — |  |  |  | 20,252 |
Event technology |  |  | 8,035 |  |  |  | 3,274 |  |  |  | — |  |  |  | 11,309 |
Intersegment eliminations |  |  | — |  |  |  | — |  |  |  | (3,348 | ) |  |  | (3,348 | )
Total services |  |  | 188,486 |  |  |  | 52,655 |  |  |  | (3,348 | ) |  |  | 237,793 |
Products: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Core products |  |  | 15,382 |  |  |  | 14,531 |  |  |  | — |  |  |  | 29,913 |
Total revenue |  | $ | 203,868 |  |  | $ | 67,186 |  |  | $ | (3,348 | ) |  | $ | 267,706 |
Timing of revenue recognition: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Services transferred over time |  | $ | 188,486 |  |  | $ | 52,654 |  |  | $ | — |  |  | $ | 241,140 |
Products transferred over time |  |  | 10,592 |  |  |  | 4,107 |  |  |  | — |  |  |  | 14,699 |
Products transferred at a point in time |  |  | 4,790 |  |  |  | 10,425 |  |  |  | — |  |  |  | 15,215 |
Intersegment eliminations |  |  | — |  |  |  | — |  |  |  | (3,348 | ) |  |  | (3,348 | )
Total revenue |  | $ | 203,868 |  |  | $ | 67,186 |  |  | $ | (3,348 | ) |  | $ | 267,706 |
Markets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Exhibitions |  | $ | 130,494 |  |  | $ | 55,330 |  |  | $ | — |  |  | $ | 185,824 |
Conferences |  |  | 37,816 |  |  |  | 6,661 |  |  |  | — |  |  |  | 44,477 |
Corporate events |  |  | 29,444 |  |  |  | 4,860 |  |  |  | — |  |  |  | 34,304 |
Consumer events |  |  | 6,114 |  |  |  | 335 |  |  |  | — |  |  |  | 6,449 |
Intersegment eliminations |  |  | — |  |  |  | — |  |  |  | (3,348 | ) |  |  | (3,348 | )
Total revenue |  | $ | 203,868 |  |  | $ | 67,186 |  |  | $ | (3,348 | ) |  | $ | 267,706 |
Pursuit
|  | Three Months Ended |
(in thousands) |  | March 31, 2018 |
Services: |  |  |  |
Accommodations |  | $ | 1,705 |
Admissions |  |  | 3,579 |
Transportation |  |  | 2,369 |
Travel planning |  |  | 308 |
Intersegment eliminations |  |  | (206 | )
Total services revenue |  |  | 7,755 |
Products: |  |  |  |
Food and beverage |  |  | 1,219 |
Retail operations |  |  | 748 |
Total products revenue |  |  | 1,967 |
Total revenue |  | $ | 9,722 |
Timing of revenue recognition: |  |  |  |
Services transferred over time |  | $ | 7,755 |
Products transferred at a point in time |  |  | 1,967 |
Total revenue |  | $ | 9,722 |
Markets: |  |  |  |
Banff Jasper Collection |  | $ | 7,089 |
Alaska Collection |  |  | 213 |
Glacier Park Collection |  |  | 626 |
FlyOver |  |  | 1,794 |
Total revenue |  | $ | 9,722 |
Accounting Standards Update 2014-09 |
Balance Sheet Reclassifications made to Separately Present Contract Costs and Contract Liabilities in Connection with Adoption of Topic 606 | In connection with the adoption of Topic 606, we made the following reclassifications to separately present contract costs and contract liabilities on the Condensed Consolidated Balance Sheet as of December 31, 2017:
|  | December 31, 2017 |
(in thousands) |  | As Previously Reported |  |  | Reclassifications |  |  | As Adjusted |
Cash and cash equivalents |  | $ | 53,723 |  |  |  | — |  |  | $ | 53,723 |
Accounts receivable, net |  |  | 104,811 |  |  |  | — |  |  |  | 104,811 |
Inventories (1) |  |  | 30,372 |  |  |  | (12,822 | ) |  |  | 17,550 |
Current contract costs (1) |  |  | — |  |  |  | 13,436 |  |  |  | 13,436 |
Other current assets (1) |  |  | 21,030 |  |  |  | (1,289 | ) |  |  | 19,741 |
Property and equipment, net |  |  | 305,571 |  |  |  | — |  |  |  | 305,571 |
Other investments and assets (1) |  |  | 47,512 |  |  |  | 675 |  |  |  | 48,187 |
Deferred income taxes |  |  | 23,548 |  |  |  | — |  |  |  | 23,548 |
Goodwill |  |  | 270,551 |  |  |  | — |  |  |  | 270,551 |
Other intangible assets, net |  |  | 62,781 |  |  |  | — |  |  |  | 62,781 |
Total assets |  | $ | 919,899 |  |  |  | — |  |  | $ | 919,899 |
Accounts payable |  | $ | 77,380 |  |  |  | — |  |  | $ | 77,380 |
Customer deposits (2) |  |  | 33,415 |  |  |  | (33,415 | ) |  |  | — |
Contract liabilities (2) |  |  | — |  |  |  | 31,981 |  |  |  | 31,981 |
Accrued compensation |  |  | 30,614 |  |  |  | — |  |  |  | 30,614 |
Other current liabilities (2) |  |  | 38,720 |  |  |  | 1,434 |  |  |  | 40,154 |
Debt and capital lease obligations, current and long-term |  |  | 209,192 |  |  |  | — |  |  |  | 209,192 |
Pension and postretirement benefits |  |  | 28,135 |  |  |  | — |  |  |  | 28,135 |
Other deferred items and liabilities |  |  | 52,858 |  |  |  | — |  |  |  | 52,858 |
Total liabilities |  |  | 470,314 |  |  |  | — |  |  |  | 470,314 |
Redeemable noncontrolling interest |  |  | 6,648 |  |  |  | — |  |  |  | 6,648 |
Total stockholders' equity (3) |  |  | 442,937 |  |  |  | — |  |  |  | 442,937 |
Total liabilities and stockholders' equity |  | $ | 919,899 |  |  |  | — |  |  | $ | 919,899 |
(1) | Contract costs primarily consist of deferred core services costs (including labor and vendor purchases) required to service future exhibitions, conferences and other events, and commission expenses incurred to obtain contracts. All such costs were previously included in “Inventories” and in other certain assets. As a result of the changes noted above, deferred core services costs related to exhibitions and events that are scheduled to occur longer than one year in the future are currently included in “Other investments and assets”. The impact of this change reduced total current assets at December 31, 2017 by $0.7 million. The amount of deferred core services costs included in “Other investments and assets” at March 31, 2018 was $4.6 million.
(2) | In connection with the adoption of Topic 606, we elected to more prominently present contract liabilities on the Consolidated Balance Sheets. Consequently, customer deposits of $33.4 million as of December 31, 2017, have been reclassified to “Contract liabilities” and to other certain current liabilities to conform to the current period presentation.
(3) | The cumulative effect of initially applying Topic 606 as an adjustment to the opening balance of retained earnings was determined to be immaterial and therefore no adjustment was made.

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