XML 68 R38.htm IDEA: XBRL DOCUMENT
v3.20.4

Revenue and Related Contract Costs and Contract Liabilities (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2020
Revenue From Contract With Customer [Abstract] |
Summary of Changes in Contract Liabilities | Changes to contract liabilities are as follows:
(in thousands) |  |  |  |
Balance at January 1, 2019 |  | $ | 35,600 |
Cash additions |  |  | 210,871 |
Revenue recognized |  |  | (196,158 | )
Foreign exchange translation adjustment |  |  | 483 |
Balance at December 31, 2019 |  |  | 50,796 |
Cash additions |  |  | 154,057 |
Revenue recognized |  |  | (186,518 | )
Foreign exchange translation adjustment |  |  | 283 |
Balance at December 31, 2020 |  | $ | 18,618 |
Summary of Changes in Contract Costs | Changes to contract costs are as follows:
(in thousands) |  |  |  |
Balance at January 1, 2019 |  | $ | 21,478 |
Additions |  |  | 74,274 |
Expenses |  |  | (67,425 | )
Cancelled |  |  | (68 | )
Foreign exchange translation adjustment |  |  | 237 |
Balance at December 31, 2019 |  |  | 28,496 |
Additions |  |  | 19,517 |
Expenses |  |  | (25,381 | )
Cancelled |  |  | (11,482 | )
Foreign exchange translation adjustment |  |  | (315 | )
Balance at December 31, 2020 |  | $ | 10,835 |
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
|  | Year Ended December 31, 2020 |
(in thousands) |  | GES North America |  |  | GES EMEA |  |  | Intersegment Eliminations |  |  | Total |
Services: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Core services |  | $ | 231,666 |  |  | $ | 33,556 |  |  | $ | — |  |  | $ | 265,222 |
Audio-visual |  |  | 20,148 |  |  |  | 4,126 |  |  |  | — |  |  |  | 24,274 |
Event technology |  |  | 9,150 |  |  |  | 3,979 |  |  |  | — |  |  |  | 13,129 |
Intersegment eliminations |  |  | — |  |  |  | — |  |  |  | (3,680 | ) |  |  | (3,680 | )
Total services |  |  | 260,964 |  |  |  | 41,661 |  |  |  | (3,680 | ) |  |  | 298,945 |
Products: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Core products |  |  | 27,957 |  |  |  | 11,723 |  |  |  | — |  |  |  | 39,680 |
Total revenue |  | $ | 288,921 |  |  | $ | 53,384 |  |  | $ | (3,680 | ) |  | $ | 338,625 |
Timing of revenue recognition: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Services transferred over time |  | $ | 260,964 |  |  | $ | 41,661 |  |  | $ | (3,680 | ) |  | $ | 298,945 |
Products transferred over time(1) |  |  | 13,068 |  |  |  | 2,449 |  |  |  | — |  |  |  | 15,517 |
Products transferred at a point in time |  |  | 14,889 |  |  |  | 9,274 |  |  |  | — |  |  |  | 24,163 |
Total revenue |  | $ | 288,921 |  |  | $ | 53,384 |  |  | $ | (3,680 | ) |  | $ | 338,625 |
Markets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Exhibitions |  | $ | 211,953 |  |  | $ | 40,077 |  |  | $ | — |  |  | $ | 252,030 |
Conferences |  |  | 41,371 |  |  |  | 7,789 |  |  |  | — |  |  |  | 49,160 |
Corporate events |  |  | 24,521 |  |  |  | 5,353 |  |  |  | — |  |  |  | 29,874 |
Consumer events |  |  | 11,076 |  |  |  | 165 |  |  |  | — |  |  |  | 11,241 |
Intersegment eliminations |  |  | — |  |  |  | — |  |  |  | (3,680 | ) |  |  | (3,680 | )
Total revenue |  | $ | 288,921 |  |  | $ | 53,384 |  |  | $ | (3,680 | ) |  | $ | 338,625 |
(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.
|  | Year Ended December 31, 2019 |
(in thousands) |  | GES North America |  |  | GES EMEA |  |  | Intersegment Eliminations |  |  | Total |
Services: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Core services |  | $ | 701,721 |  |  | $ | 113,900 |  |  | $ | — |  |  | $ | 815,621 |
Audio-visual |  |  | 78,178 |  |  |  | 24,197 |  |  |  | — |  |  |  | 102,375 |
Event technology |  |  | 29,600 |  |  |  | 9,749 |  |  |  | — |  |  |  | 39,349 |
Intersegment eliminations |  |  | — |  |  |  | — |  |  |  | (20,741 | ) |  |  | (20,741 | )
Total services |  |  | 809,499 |  |  |  | 147,846 |  |  |  | (20,741 | ) |  |  | 936,604 |
Products: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Core products |  |  | 74,606 |  |  |  | 68,713 |  |  |  | — |  |  |  | 143,319 |
Total revenue |  | $ | 884,105 |  |  | $ | 216,559 |  |  | $ | (20,741 | ) |  | $ | 1,079,923 |
Timing of revenue recognition: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Services transferred over time |  | $ | 809,499 |  |  | $ | 147,846 |  |  | $ | (20,741 | ) |  | $ | 936,604 |
Products transferred over time(1) |  |  | 45,597 |  |  |  | 16,071 |  |  |  | — |  |  |  | 61,668 |
Products transferred at a point in time |  |  | 29,009 |  |  |  | 52,642 |  |  |  | — |  |  |  | 81,651 |
Total revenue |  | $ | 884,105 |  |  | $ | 216,559 |  |  | $ | (20,741 | ) |  | $ | 1,079,923 |
Markets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Exhibitions |  | $ | 463,653 |  |  | $ | 159,397 |  |  | $ | — |  |  | $ | 623,050 |
Conferences |  |  | 253,511 |  |  |  | 24,499 |  |  |  | — |  |  |  | 278,010 |
Corporate events |  |  | 139,935 |  |  |  | 31,627 |  |  |  | — |  |  |  | 171,562 |
Consumer events |  |  | 27,006 |  |  |  | 1,036 |  |  |  | — |  |  |  | 28,042 |
Intersegment eliminations |  |  | — |  |  |  | — |  |  |  | (20,741 | ) |  |  | (20,741 | )
Total revenue |  | $ | 884,105 |  |  | $ | 216,559 |  |  | $ | (20,741 | ) |  | $ | 1,079,923 |
(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.
|  | Year Ended December 31, 2018 |
(in thousands) |  | GES North America |  |  | GES EMEA |  |  | Intersegment Eliminations |  |  | Total |
Services: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Core services |  | $ | 689,804 |  |  | $ | 105,114 |  |  | $ | — |  |  | $ | 794,918 |
Audio-visual |  |  | 73,331 |  |  |  | 22,011 |  |  |  | — |  |  |  | 95,342 |
Event technology |  |  | 30,208 |  |  |  | 10,658 |  |  |  | — |  |  |  | 40,866 |
Intersegment eliminations |  |  | — |  |  |  | — |  |  |  | (17,140 | ) |  |  | (17,140 | )
Total services |  |  | 793,343 |  |  |  | 137,783 |  |  |  | (17,140 | ) |  |  | 913,986 |
Products: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Core products |  |  | 72,844 |  |  |  | 65,207 |  |  |  | — |  |  |  | 138,051 |
Total revenue |  | $ | 866,187 |  |  | $ | 202,990 |  |  | $ | (17,140 | ) |  | $ | 1,052,037 |
Timing of revenue recognition: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Services transferred over time |  | $ | 793,343 |  |  | $ | 137,783 |  |  | $ | (17,140 | ) |  | $ | 913,986 |
Products transferred over time(1) |  |  | 44,109 |  |  |  | 16,084 |  |  |  | — |  |  |  | 60,193 |
Products transferred at a point in time |  |  | 28,735 |  |  |  | 49,123 |  |  |  | — |  |  |  | 77,858 |
Total revenue |  | $ | 866,187 |  |  | $ | 202,990 |  |  | $ | (17,140 | ) |  | $ | 1,052,037 |
Markets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Exhibitions |  | $ | 486,400 |  |  | $ | 149,338 |  |  | $ | — |  |  | $ | 635,738 |
Conferences |  |  | 223,096 |  |  |  | 24,209 |  |  |  | — |  |  |  | 247,305 |
Corporate events |  |  | 126,084 |  |  |  | 27,413 |  |  |  | — |  |  |  | 153,497 |
Consumer events |  |  | 30,607 |  |  |  | 2,030 |  |  |  | — |  |  |  | 32,637 |
Intersegment eliminations |  |  | — |  |  |  | — |  |  |  | (17,140 | ) |  |  | (17,140 | )
Total revenue |  | $ | 866,187 |  |  | $ | 202,990 |  |  | $ | (17,140 | ) |  | $ | 1,052,037 |
(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
|  | Year Ended December 31, |
(in thousands) |  | 2020 |  |  | 2019 |  |  | 2018 |
Services: |  |  |  |  |  |  |  |  |  |  |  |
Admissions |  | $ | 19,939 |  |  | $ | 85,371 |  |  | $ | 83,000 |
Accommodations |  |  | 29,800 |  |  |  | 60,672 |  |  |  | 37,470 |
Transportation |  |  | 2,694 |  |  |  | 14,594 |  |  |  | 13,956 |
Travel planning |  |  | 467 |  |  |  | 5,979 |  |  |  | 4,529 |
Intersegment eliminations |  |  | (317 | ) |  |  | (1,686 | ) |  |  | (1,551 | )
Total services revenue |  |  | 52,583 |  |  |  | 164,930 |  |  |  | 137,404 |
Products: |  |  |  |  |  |  |  |  |  |  |  |
Food and beverage |  |  | 10,295 |  |  |  | 31,838 |  |  |  | 25,962 |
Retail operations |  |  | 13,932 |  |  |  | 26,045 |  |  |  | 21,921 |
Total products revenue |  |  | 24,227 |  |  |  | 57,883 |  |  |  | 47,883 |
Total revenue |  | $ | 76,810 |  |  | $ | 222,813 |  |  | $ | 185,287 |
Timing of revenue recognition: |  |  |  |  |  |  |  |  |  |  |  |
Services transferred over time |  | $ | 52,583 |  |  | $ | 164,930 |  |  | $ | 137,404 |
Products transferred at a point in time |  |  | 24,227 |  |  |  | 57,883 |  |  |  | 47,883 |
Total revenue |  | $ | 76,810 |  |  | $ | 222,813 |  |  | $ | 185,287 |
Markets: |  |  |  |  |  |  |  |  |  |  |  |
Banff Jasper Collection |  | $ | 46,913 |  |  | $ | 133,229 |  |  | $ | 106,106 |
Alaska Collection |  |  | 6,282 |  |  |  | 39,406 |  |  |  | 36,451 |
Glacier Park Collection |  |  | 17,596 |  |  |  | 37,121 |  |  |  | 31,465 |
FlyOver |  |  | 6,019 |  |  |  | 13,057 |  |  |  | 11,265 |
Total revenue |  | $ | 76,810 |  |  | $ | 222,813 |  |  | $ | 185,287 |

X
- Definition Tabular disclosure of cost capitalized in obtaining or fulfilling contract with customer. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 340 -SubTopic 40 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=68051541&loc=SL49131252-203054 + Details
Name: | us-gaap_CapitalizedContractCostTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130551-203045 + Details
Name: | us-gaap_ContractWithCustomerAssetAndLiabilityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130545-203045 + Details
Name: | us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration