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Revenue and Related Contract Costs and Contract Liabilities (Tables) | 9 Months Ended
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Sep. 30, 2020
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, 2019 |  | $ | 50,796 |
Cash additions |  |  | 130,018 |
Revenue recognized |  |  | (162,954 | )
Foreign exchange translation adjustment |  |  | (84 | )
Balance at September 30, 2020 |  | $ | 17,776 |
Summary of Changes in Contract Costs | Changes to contract costs are as follows:
(in thousands) |  |  |  |
Balance at December 31, 2019 |  | $ | 28,496 |
Additions |  |  | 16,710 |
Expenses |  |  | (22,774 | )
Cancelled |  |  | (9,840 | )
Foreign exchange translation adjustment |  |  | (479 | )
Balance at September 30, 2020 |  | $ | 12,113 |
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, 2020 |
(in thousands) |  | GES North America |  |  | GES EMEA |  |  | Intersegment Eliminations |  |  | Total |
Services: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Core services |  | $ | 7,987 |  |  | $ | 2,003 |  |  | $ | — |  |  | $ | 9,990 |
Audio-visual |  |  | 933 |  |  |  | (40 | ) |  |  | — |  |  |  | 893 |
Event technology |  |  | 1,283 |  |  |  | 414 |  |  |  | — |  |  |  | 1,697 |
Intersegment eliminations |  |  | — |  |  |  | — |  |  |  | (284 | ) |  |  | (284 | )
Total services |  |  | 10,203 |  |  |  | 2,377 |  |  |  | (284 | ) |  |  | 12,296 |
Products: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Core products |  |  | 1,564 |  |  |  | 397 |  |  |  | — |  |  |  | 1,961 |
Total revenue |  | $ | 11,767 |  |  | $ | 2,774 |  |  | $ | (284 | ) |  | $ | 14,257 |
Timing of revenue recognition: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Services transferred over time |  | $ | 10,203 |  |  | $ | 2,377 |  |  | $ | (284 | ) |  | $ | 12,296 |
Products transferred over time(1) |  |  | 232 |  |  |  | 15 |  |  |  | — |  |  |  | 247 |
Products transferred at a point in time |  |  | 1,332 |  |  |  | 382 |  |  |  | — |  |  |  | 1,714 |
Total revenue |  | $ | 11,767 |  |  | $ | 2,774 |  |  | $ | (284 | ) |  | $ | 14,257 |
Markets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Exhibitions |  | $ | 4,890 |  |  | $ | 2,323 |  |  | $ | — |  |  | $ | 7,213 |
Conferences |  |  | 1,099 |  |  |  | 367 |  |  |  | — |  |  |  | 1,466 |
Corporate events |  |  | 4,537 |  |  |  | 67 |  |  |  | — |  |  |  | 4,604 |
Consumer events |  |  | 1,241 |  |  |  | 17 |  |  |  | — |  |  |  | 1,258 |
Intersegment eliminations |  |  | — |  |  |  | — |  |  |  | (284 | ) |  |  | (284 | )
Total revenue |  | $ | 11,767 |  |  | $ | 2,774 |  |  | $ | (284 | ) |  | $ | 14,257 |
(1) | GES’ graphics product revenue is earned over time over the duration of the event as it is considered a part of the single performance obligation satisfied over time.
|  | Nine Months Ended September 30, 2020 |
(in thousands) |  | GES North America |  |  | GES EMEA |  |  | Intersegment Eliminations |  |  | Total |
Services: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Core services |  | $ | 225,414 |  |  | $ | 33,350 |  |  | $ | — |  |  | $ | 258,764 |
Audio-visual |  |  | 18,661 |  |  |  | 3,549 |  |  |  | — |  |  |  | 22,210 |
Event technology |  |  | 7,946 |  |  |  | 4,126 |  |  |  | — |  |  |  | 12,072 |
Intersegment eliminations |  |  | — |  |  |  | — |  |  |  | (3,258 | ) |  |  | (3,258 | )
Total services |  |  | 252,021 |  |  |  | 41,025 |  |  |  | (3,258 | ) |  |  | 289,788 |
Products: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Core products |  |  | 21,402 |  |  |  | 11,071 |  |  |  | — |  |  |  | 32,473 |
Total revenue |  | $ | 273,423 |  |  | $ | 52,096 |  |  | $ | (3,258 | ) |  | $ | 322,261 |
Timing of revenue recognition: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Services transferred over time |  | $ | 252,021 |  |  | $ | 41,025 |  |  | $ | (3,258 | ) |  | $ | 289,788 |
Products transferred over time(1) |  |  | 11,035 |  |  |  | 2,407 |  |  |  | — |  |  |  | 13,442 |
Products transferred at a point in time |  |  | 10,367 |  |  |  | 8,664 |  |  |  | — |  |  |  | 19,031 |
Total revenue |  | $ | 273,423 |  |  | $ | 52,096 |  |  | $ | (3,258 | ) |  | $ | 322,261 |
Markets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Exhibitions |  | $ | 203,671 |  |  | $ | 39,001 |  |  | $ | — |  |  | $ | 242,672 |
Conferences |  |  | 39,626 |  |  |  | 7,618 |  |  |  | — |  |  |  | 47,244 |
Corporate events |  |  | 24,012 |  |  |  | 5,308 |  |  |  | — |  |  |  | 29,320 |
Consumer events |  |  | 6,114 |  |  |  | 169 |  |  |  | — |  |  |  | 6,283 |
Intersegment eliminations |  |  | — |  |  |  | — |  |  |  | (3,258 | ) |  |  | (3,258 | )
Total revenue |  | $ | 273,423 |  |  | $ | 52,096 |  |  | $ | (3,258 | ) |  | $ | 322,261 |
(1) | GES’ graphics product revenue is earned over time over the duration of the event as it is considered a part of the single performance obligation satisfied over time.
|  | Three Months Ended September 30, 2019 |
(in thousands) |  | GES North America |  |  | GES EMEA |  |  | Intersegment Eliminations |  |  | Total |
Services: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Core services |  | $ | 148,722 |  |  | $ | 20,539 |  |  | $ | — |  |  | $ | 169,261 |
Audio-visual |  |  | 18,742 |  |  |  | 4,402 |  |  |  | — |  |  |  | 23,144 |
Event technology |  |  | 4,760 |  |  |  | 1,414 |  |  |  | — |  |  |  | 6,174 |
Intersegment eliminations |  |  | — |  |  |  | — |  |  |  | (5,724 | ) |  |  | (5,724 | )
Total services |  |  | 172,224 |  |  |  | 26,355 |  |  |  | (5,724 | ) |  |  | 192,855 |
Products: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Core products |  |  | 12,900 |  |  |  | 12,945 |  |  |  | — |  |  |  | 25,845 |
Total revenue |  | $ | 185,124 |  |  | $ | 39,300 |  |  | $ | (5,724 | ) |  | $ | 218,700 |
Timing of revenue recognition: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Services transferred over time |  | $ | 172,224 |  |  | $ | 26,355 |  |  | $ | (5,724 | ) |  | $ | 192,855 |
Products transferred over time(1) |  |  | 10,558 |  |  |  | 2,305 |  |  |  | — |  |  |  | 12,863 |
Products transferred at a point in time |  |  | 2,342 |  |  |  | 10,640 |  |  |  | — |  |  |  | 12,982 |
Total revenue |  | $ | 185,124 |  |  | $ | 39,300 |  |  | $ | (5,724 | ) |  | $ | 218,700 |
Markets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Exhibitions |  | $ | 79,589 |  |  | $ | 29,140 |  |  | $ | — |  |  | $ | 108,729 |
Conferences |  |  | 60,537 |  |  |  | 4,938 |  |  |  | — |  |  |  | 65,475 |
Corporate events |  |  | 39,370 |  |  |  | 5,020 |  |  |  | — |  |  |  | 44,390 |
Consumer events |  |  | 5,628 |  |  |  | 202 |  |  |  | — |  |  |  | 5,830 |
Intersegment eliminations |  |  | — |  |  |  | — |  |  |  | (5,724 | ) |  |  | (5,724 | )
Total revenue |  | $ | 185,124 |  |  | $ | 39,300 |  |  | $ | (5,724 | ) |  | $ | 218,700 |
(1) | GES’ graphics product revenue is earned over time over the duration of an event 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 |  |  | GES EMEA |  |  | Intersegment Eliminations |  |  | Total |
Services: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Core services |  | $ | 531,485 |  |  | $ | 86,715 |  |  | $ | — |  |  | $ | 618,200 |
Audio-visual |  |  | 61,323 |  |  |  | 15,171 |  |  |  | — |  |  |  | 76,494 |
Event technology |  |  | 23,368 |  |  |  | 6,501 |  |  |  | — |  |  |  | 29,869 |
Intersegment eliminations |  |  | — |  |  |  | — |  |  |  | (14,731 | ) |  |  | (14,731 | )
Total services |  |  | 616,176 |  |  |  | 108,387 |  |  |  | (14,731 | ) |  |  | 709,832 |
Products: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Core products |  |  | 50,649 |  |  |  | 48,086 |  |  |  | — |  |  |  | 98,735 |
Total revenue |  | $ | 666,825 |  |  | $ | 156,473 |  |  | $ | (14,731 | ) |  | $ | 808,567 |
Timing of revenue recognition: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Services transferred over time |  | $ | 616,176 |  |  | $ | 108,387 |  |  | $ | (14,731 | ) |  | $ | 709,832 |
Products transferred over time(1) |  |  | 33,601 |  |  |  | 10,595 |  |  |  | — |  |  |  | 44,196 |
Products transferred at a point in time |  |  | 17,048 |  |  |  | 37,491 |  |  |  | — |  |  |  | 54,539 |
Total revenue |  | $ | 666,825 |  |  | $ | 156,473 |  |  | $ | (14,731 | ) |  | $ | 808,567 |
Markets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Exhibitions |  | $ | 349,106 |  |  | $ | 119,189 |  |  | $ | — |  |  | $ | 468,295 |
Conferences |  |  | 195,635 |  |  |  | 17,170 |  |  |  | — |  |  |  | 212,805 |
Corporate events |  |  | 102,525 |  |  |  | 19,165 |  |  |  | — |  |  |  | 121,690 |
Consumer events |  |  | 19,559 |  |  |  | 949 |  |  |  | — |  |  |  | 20,508 |
Intersegment eliminations |  |  | — |  |  |  | — |  |  |  | (14,731 | ) |  |  | (14,731 | )
Total revenue |  | $ | 666,825 |  |  | $ | 156,473 |  |  | $ | (14,731 | ) |  | $ | 808,567 |
(1) | GES’ graphics product revenue is earned over time over the duration of an event 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) |  | 2020 |  |  | 2019 |  |  | 2020 |  |  | 2019 |
Services: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Admissions |  | $ | 12,229 |  |  | $ | 49,353 |  |  | $ | 17,865 |  |  | $ | 76,034 |
Accommodations |  |  | 18,021 |  |  |  | 41,292 |  |  |  | 23,994 |  |  |  | 56,636 |
Transportation |  |  | 445 |  |  |  | 6,868 |  |  |  | 2,513 |  |  |  | 12,817 |
Travel planning |  |  | 855 |  |  |  | 2,004 |  |  |  | 1,484 |  |  |  | 4,107 |
Intersegment eliminations |  |  | (144 | ) |  |  | (671 | ) |  |  | (261 | ) |  |  | (1,355 | )
Total services revenue |  |  | 31,406 |  |  |  | 98,846 |  |  |  | 45,595 |  |  |  | 148,239 |
Products: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Food and beverage |  |  | 6,783 |  |  |  | 19,333 |  |  |  | 9,047 |  |  |  | 28,903 |
Retail operations |  |  | 10,626 |  |  |  | 16,864 |  |  |  | 12,960 |  |  |  | 23,977 |
Total products revenue |  |  | 17,409 |  |  |  | 36,197 |  |  |  | 22,007 |  |  |  | 52,880 |
Total revenue |  | $ | 48,815 |  |  | $ | 135,043 |  |  | $ | 67,602 |  |  | $ | 201,119 |
Timing of revenue recognition: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Services transferred over time |  | $ | 31,406 |  |  | $ | 98,846 |  |  | $ | 45,595 |  |  | $ | 148,239 |
Products transferred at a point in time |  |  | 17,409 |  |  |  | 36,197 |  |  |  | 22,007 |  |  |  | 52,880 |
Total revenue |  | $ | 48,815 |  |  | $ | 135,043 |  |  | $ | 67,602 |  |  | $ | 201,119 |
Markets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Banff Jasper Collection |  | $ | 26,395 |  |  | $ | 75,337 |  |  | $ | 39,234 |  |  | $ | 116,433 |
Alaska Collection |  |  | 5,436 |  |  |  | 26,909 |  |  |  | 6,167 |  |  |  | 39,287 |
Glacier Park Collection |  |  | 14,929 |  |  |  | 28,098 |  |  |  | 16,813 |  |  |  | 36,296 |
FlyOver |  |  | 2,055 |  |  |  | 4,699 |  |  |  | 5,388 |  |  |  | 9,103 |
Total revenue |  | $ | 48,815 |  |  | $ | 135,043 |  |  | $ | 67,602 |  |  | $ | 201,119 |

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