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Revenue and Related Contract Costs and Contract Liabilities (Tables) | 9 Months Ended
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Sep. 30, 2019
Revenue From Contract With Customer [Abstract] |
Summary of Changes in Contract Liabilities | Changes to contract liabilities are as follows:
(in thousands) |  |  |  |
Balance at December 31, 2018 |  | $ | 35,600 |
Cash additions |  |  | 150,566 |
Revenue recognized |  |  | (123,330 | )
Foreign exchange translation adjustment |  |  | (451 | )
Balance at September 30, 2019 |  | $ | 62,385 |
Summary of Changes in Contract Costs | Changes to contract costs are as follows:
(in thousands) |  |  |  |
Balance at December 31, 2018 |  | $ | 21,478 |
Additions |  |  | 58,330 |
Expenses |  |  | (44,666 | )
Cancelled |  |  | (45 | )
Foreign exchange translation adjustment |  |  | (263 | )
Balance at September 30, 2019 |  | $ | 34,834 |
Disaggregate GES and Pursuit Revenue by Major Product Line Timing of Revenue Recognition and Markets Served | The following tables disaggregate GES and Pursuit revenue by major product line, timing of revenue recognition, and markets served: GES
|  | Three Months Ended September 30, 2019 |
(in thousands) |  | GES North America(1) |  |  | GES EMEA(1) |  |  | Intersegment Eliminations |  |  | Total |
Services: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Core services |  | $ | 155,581 |  |  | $ | 22,425 |  |  | $ | — |  |  | $ | 178,006 |
Audio-visual |  |  | 18,742 |  |  |  | 4,402 |  |  |  | — |  |  |  | 23,144 |
Event technology |  |  | 4,760 |  |  |  | 1,414 |  |  |  | — |  |  |  | 6,174 |
Intersegment eliminations |  |  | — |  |  |  | — |  |  |  | (5,724 | ) |  |  | (5,724 | )
Total services |  |  | 179,083 |  |  |  | 28,241 |  |  |  | (5,724 | ) |  |  | 201,600 |
Products: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Core products |  |  | 12,900 |  |  |  | 12,945 |  |  |  | — |  |  |  | 25,845 |
Total revenue |  | $ | 191,983 |  |  | $ | 41,186 |  |  | $ | (5,724 | ) |  | $ | 227,445 |
Timing of revenue recognition: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Services transferred over time |  | $ | 179,083 |  |  | $ | 28,241 |  |  | $ | (5,724 | ) |  | $ | 201,600 |
Products transferred over time(2) |  |  | 10,558 |  |  |  | 2,305 |  |  |  | — |  |  |  | 12,863 |
Products transferred at a point in time |  |  | 2,342 |  |  |  | 10,640 |  |  |  | — |  |  |  | 12,982 |
Total revenue |  | $ | 191,983 |  |  | $ | 41,186 |  |  | $ | (5,724 | ) |  | $ | 227,445 |
Markets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Exhibitions |  | $ | 89,088 |  |  | $ | 29,519 |  |  | $ | — |  |  | $ | 118,607 |
Conferences |  |  | 56,205 |  |  |  | 6,320 |  |  |  | — |  |  |  | 62,525 |
Corporate events |  |  | 41,205 |  |  |  | 5,147 |  |  |  | — |  |  |  | 46,352 |
Consumer events |  |  | 5,485 |  |  |  | 200 |  |  |  | — |  |  |  | 5,685 |
Intersegment eliminations |  |  | — |  |  |  | — |  |  |  | (5,724 | ) |  |  | (5,724 | )
Total revenue |  | $ | 191,983 |  |  | $ | 41,186 |  |  | $ | (5,724 | ) |  | $ | 227,445 |
(1) | During the first quarter of 2019, we realigned GES’ organizational structure. As a result, we changed GES’ reportable segments to reflect how our chief operating decision maker regularly reviews and makes decisions regarding the allocation of resources. Accordingly, GES’ new reportable segments are GES North America and GES EMEA.
(2) | GES’ graphics product revenue is recognized over time as it is considered a part of the single performance obligation satisfied over time.
|  | Nine Months Ended September 30, 2019 |
(in thousands) |  | GES North America(1) |  |  | GES EMEA(1) |  |  | Intersegment Eliminations |  |  | Total |
Services: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Core services |  | $ | 563,566 |  |  | $ | 95,309 |  |  | $ | — |  |  | $ | 658,875 |
Audio-visual |  |  | 61,323 |  |  |  | 15,171 |  |  |  | — |  |  |  | 76,494 |
Event technology |  |  | 23,368 |  |  |  | 6,501 |  |  |  | — |  |  |  | 29,869 |
Intersegment eliminations |  |  | — |  |  |  | — |  |  |  | (14,731 | ) |  |  | (14,731 | )
Total services |  |  | 648,257 |  |  |  | 116,981 |  |  |  | (14,731 | ) |  |  | 750,507 |
Products: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Core products |  |  | 50,649 |  |  |  | 48,086 |  |  |  | — |  |  |  | 98,735 |
Total revenue |  | $ | 698,906 |  |  | $ | 165,067 |  |  | $ | (14,731 | ) |  | $ | 849,242 |
Timing of revenue recognition: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Services transferred over time |  | $ | 648,257 |  |  | $ | 116,981 |  |  | $ | (14,731 | ) |  | $ | 750,507 |
Products transferred over time(2) |  |  | 33,601 |  |  |  | 10,595 |  |  |  | — |  |  |  | 44,196 |
Products transferred at a point in time |  |  | 17,048 |  |  |  | 37,491 |  |  |  | — |  |  |  | 54,539 |
Total revenue |  | $ | 698,906 |  |  | $ | 165,067 |  |  | $ | (14,731 | ) |  | $ | 849,242 |
Markets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Exhibitions |  | $ | 364,404 |  |  | $ | 124,467 |  |  | $ | — |  |  | $ | 488,871 |
Conferences |  |  | 209,522 |  |  |  | 20,172 |  |  |  | — |  |  |  | 229,694 |
Corporate events |  |  | 103,860 |  |  |  | 19,464 |  |  |  | — |  |  |  | 123,324 |
Consumer events |  |  | 21,120 |  |  |  | 964 |  |  |  | — |  |  |  | 22,084 |
Intersegment eliminations |  |  | — |  |  |  | — |  |  |  | (14,731 | ) |  |  | (14,731 | )
Total revenue |  | $ | 698,906 |  |  | $ | 165,067 |  |  | $ | (14,731 | ) |  | $ | 849,242 |
(1) | During the first quarter of 2019, we realigned GES’ organizational structure. As a result, we changed GES’ reportable segments to reflect how our chief operating decision maker regularly reviews and makes decisions regarding the allocation of resources. Accordingly, GES’ new reportable segments are GES North America and GES EMEA.
(2) | GES’ graphics product revenue is recognized over time as it is considered a part of the single performance obligation satisfied over time.
|  | Three Months Ended September 30, 2018 |
(in thousands) |  | GES North America(1) |  |  | GES EMEA(1) |  |  | Intersegment Eliminations |  |  | Total |
Services: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Core services |  | $ | 162,967 |  |  | $ | 27,511 |  |  | $ | — |  |  | $ | 190,478 |
Audio-visual |  |  | 17,309 |  |  |  | 4,423 |  |  |  | — |  |  |  | 21,732 |
Event technology |  |  | 4,874 |  |  |  | 1,745 |  |  |  | — |  |  |  | 6,619 |
Intersegment eliminations |  |  | — |  |  |  | — |  |  |  | (2,379 | ) |  |  | (2,379 | )
Total services |  |  | 185,150 |  |  |  | 33,679 |  |  |  | (2,379 | ) |  |  | 216,450 |
Products: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Core products |  |  | 15,705 |  |  |  | 13,955 |  |  |  | — |  |  |  | 29,660 |
Total revenue |  | $ | 200,855 |  |  | $ | 47,634 |  |  | $ | (2,379 | ) |  | $ | 246,110 |
Timing of revenue recognition: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Services transferred over time |  | $ | 185,150 |  |  | $ | 33,679 |  |  | $ | (2,379 | ) |  | $ | 216,450 |
Products transferred over time(2) |  |  | 10,645 |  |  |  | 2,862 |  |  |  | — |  |  |  | 13,507 |
Products transferred at a point in time |  |  | 5,060 |  |  |  | 11,093 |  |  |  | — |  |  |  | 16,153 |
Total revenue |  | $ | 200,855 |  |  | $ | 47,634 |  |  | $ | (2,379 | ) |  | $ | 246,110 |
Markets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Exhibitions |  | $ | 114,387 |  |  | $ | 35,787 |  |  | $ | — |  |  | $ | 150,174 |
Conferences |  |  | 42,053 |  |  |  | 4,232 |  |  |  | — |  |  |  | 46,285 |
Corporate events |  |  | 35,555 |  |  |  | 6,728 |  |  |  | — |  |  |  | 42,283 |
Consumer events |  |  | 8,860 |  |  |  | 887 |  |  |  | — |  |  |  | 9,747 |
Intersegment eliminations |  |  | — |  |  |  | — |  |  |  | (2,379 | ) |  |  | (2,379 | )
Total revenue |  | $ | 200,855 |  |  | $ | 47,634 |  |  | $ | (2,379 | ) |  | $ | 246,110 |
(1) | During the first quarter of 2019, we realigned GES’ organizational structure. As a result, we changed GES’ reportable segments to reflect how our chief operating decision maker regularly reviews and makes decisions regarding the allocation of resources. Accordingly, GES’ new reportable segments are GES North America and GES EMEA.
(2) | GES’ graphics product revenue is recognized over time as it is considered a part of the single performance obligation satisfied over time.
|  | Nine Months Ended September 30, 2018 |
(in thousands) |  | GES North America(1) |  |  | GES EMEA(1) |  |  | Intersegment Eliminations |  |  | Total |
Services: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Core services |  | $ | 555,175 |  |  | $ | 88,270 |  |  | $ | — |  |  | $ | 643,445 |
Audio-visual |  |  | 55,134 |  |  |  | 14,144 |  |  |  | — |  |  |  | 69,278 |
Event technology |  |  | 23,443 |  |  |  | 7,866 |  |  |  | — |  |  |  | 31,309 |
Intersegment eliminations |  |  | — |  |  |  | — |  |  |  | (11,888 | ) |  |  | (11,888 | )
Total services |  |  | 633,752 |  |  |  | 110,280 |  |  |  | (11,888 | ) |  |  | 732,144 |
Products: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Core products |  |  | 50,058 |  |  |  | 46,936 |  |  |  | — |  |  |  | 96,994 |
Total revenue |  | $ | 683,810 |  |  | $ | 157,216 |  |  | $ | (11,888 | ) |  | $ | 829,138 |
Timing of revenue recognition: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Services transferred over time |  | $ | 633,752 |  |  | $ | 110,280 |  |  | $ | (11,888 | ) |  | $ | 732,144 |
Products transferred over time(2) |  |  | 32,982 |  |  |  | 11,018 |  |  |  | — |  |  |  | 44,000 |
Products transferred at a point in time |  |  | 17,076 |  |  |  | 35,918 |  |  |  | — |  |  |  | 52,994 |
Total revenue |  | $ | 683,810 |  |  | $ | 157,216 |  |  | $ | (11,888 | ) |  | $ | 829,138 |
Markets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Exhibitions |  | $ | 397,945 |  |  | $ | 116,410 |  |  | $ | — |  |  | $ | 514,355 |
Conferences |  |  | 170,910 |  |  |  | 21,677 |  |  |  | — |  |  |  | 192,587 |
Corporate events |  |  | 93,797 |  |  |  | 17,170 |  |  |  | — |  |  |  | 110,967 |
Consumer events |  |  | 21,158 |  |  |  | 1,959 |  |  |  | — |  |  |  | 23,117 |
Intersegment eliminations |  |  | — |  |  |  | — |  |  |  | (11,888 | ) |  |  | (11,888 | )
Total revenue |  | $ | 683,810 |  |  | $ | 157,216 |  |  | $ | (11,888 | ) |  | $ | 829,138 |
(1) | During the first quarter of 2019, we realigned GES’ organizational structure. As a result, we changed GES’ reportable segments to reflect how our chief operating decision maker regularly reviews and makes decisions regarding the allocation of resources. Accordingly, GES’ new reportable segments are GES North America and GES EMEA.
(2) | GES’ graphics product revenue is recognized over time as it is considered a part of the single performance obligation satisfied over time.
Pursuit
|  | Three Months Ended |  |  | Nine Months Ended |
|  | September 30, |  |  | September 30, |
(in thousands) |  | 2019 |  |  | 2018 |  |  | 2019 |  |  | 2018 |
Services: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Admissions |  | $ | 49,353 |  |  | $ | 51,316 |  |  | $ | 76,034 |  |  | $ | 78,375 |
Accommodations |  |  | 41,292 |  |  |  | 24,623 |  |  |  | 56,636 |  |  |  | 35,358 |
Transportation |  |  | 6,868 |  |  |  | 7,602 |  |  |  | 12,817 |  |  |  | 14,292 |
Travel planning |  |  | 2,004 |  |  |  | 651 |  |  |  | 4,107 |  |  |  | 1,450 |
Intersegment eliminations |  |  | (671 | ) |  |  | (554 | ) |  |  | (1,355 | ) |  |  | (1,260 | )
Total services revenue |  |  | 98,846 |  |  |  | 83,638 |  |  |  | 148,239 |  |  |  | 128,215 |
Products: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Food and beverage |  |  | 19,333 |  |  |  | 16,074 |  |  |  | 28,903 |  |  |  | 23,998 |
Retail operations |  |  | 16,864 |  |  |  | 12,341 |  |  |  | 23,977 |  |  |  | 17,917 |
Total products revenue |  |  | 36,197 |  |  |  | 28,415 |  |  |  | 52,880 |  |  |  | 41,915 |
Total revenue |  | $ | 135,043 |  |  | $ | 112,053 |  |  | $ | 201,119 |  |  | $ | 170,130 |
Timing of revenue recognition: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Services transferred over time |  | $ | 98,846 |  |  | $ | 83,638 |  |  | $ | 148,239 |  |  | $ | 128,215 |
Products transferred at a point in time |  |  | 36,197 |  |  |  | 28,415 |  |  |  | 52,880 |  |  |  | 41,915 |
Total revenue |  | $ | 135,043 |  |  | $ | 112,053 |  |  | $ | 201,119 |  |  | $ | 170,130 |
Markets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Banff Jasper Collection |  | $ | 75,337 |  |  | $ | 58,525 |  |  | $ | 116,433 |  |  | $ | 94,133 |
Alaska Collection |  |  | 26,909 |  |  |  | 25,546 |  |  |  | 39,287 |  |  |  | 36,373 |
Glacier Park Collection |  |  | 28,098 |  |  |  | 23,418 |  |  |  | 36,296 |  |  |  | 30,684 |
FlyOver |  |  | 4,699 |  |  |  | 4,564 |  |  |  | 9,103 |  |  |  | 8,940 |
Total revenue |  | $ | 135,043 |  |  | $ | 112,053 |  |  | $ | 201,119 |  |  | $ | 170,130 |

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