Revenue and Related Contract Costs and Contract Liabilities (Tables)

9 Months Ended

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⁾

⁽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⁾

⁽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⁾

⁽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