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Revenue and Related Contract Costs and Contract Liabilities (Tables) | 6 Months Ended
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Jun. 30, 2021
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, 2020 |  | $ | 18,618 |
Cash additions |  |  | 62,549 |
Revenue recognized |  |  | (32,298 | )
Foreign exchange translation adjustment |  |  | (1,906 | )
Balance at June 30, 2021 |  | $ | 46,963 |
Summary of Changes in Contract Costs | Changes to contract costs are as follows:
(in thousands) |  |  |  |
Balance at December 31, 2020 |  | $ | 10,835 |
Additions |  |  | 10,956 |
Expenses |  |  | (5,877 | )
Cancelled |  |  | (580 | )
Foreign exchange translation adjustment |  |  | 50 |
Balance at June 30, 2021 |  | $ | 15,384 |
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 service and product lines, timing of revenue recognition, and markets served: GES
|  | Three Months Ended |  |  | Six Months Ended |
|  | June 30, |  |  | June 30, |
(in thousands) |  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020 |
Service lines: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Exhibitions and Conferences |  | $ | 10,017 |  |  | $ | 16,254 |  |  | $ | 15,852 |  |  | $ | 217,413 |
Brand experiences |  |  | 12,481 |  |  |  | 7,941 |  |  |  | 24,185 |  |  |  | 76,936 |
Venue services |  |  | 2,422 |  |  |  | 608 |  |  |  | 4,028 |  |  |  | 11,589 |
Total revenue |  | $ | 24,920 |  |  | $ | 24,803 |  |  | $ | 44,065 |  |  | $ | 305,938 |
Timing of revenue recognition: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Services transferred over time |  | $ | 21,361 |  |  | $ | 22,200 |  |  | $ | 38,376 |  |  | $ | 275,426 |
Products transferred over time(1) |  |  | 733 |  |  |  | 168 |  |  |  | 1,150 |  |  |  | 13,195 |
Products transferred at a point in time |  |  | 2,826 |  |  |  | 2,435 |  |  |  | 4,539 |  |  |  | 17,317 |
Total revenue |  | $ | 24,920 |  |  | $ | 24,803 |  |  | $ | 44,065 |  |  | $ | 305,938 |
Geographical markets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
North America |  | $ | 19,472 |  |  | $ | 18,265 |  |  | $ | 35,330 |  |  | $ | 260,705 |
EMEA |  |  | 6,074 |  |  |  | 7,523 |  |  |  | 9,977 |  |  |  | 48,207 |
Intersegment eliminations |  |  | (626 | ) |  |  | (985 | ) |  |  | (1,242 | ) |  |  | (2,974 | )
Total revenue |  | $ | 24,920 |  |  | $ | 24,803 |  |  | $ | 44,065 |  |  | $ | 305,938 |
(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 |  |  | Six Months Ended |
|  | June 30, |  |  | June 30, |
(in thousands) |  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020 |
Services: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Admissions |  | $ | 10,105 |  |  | $ | 1,534 |  |  | $ | 11,589 |  |  | $ | 5,636 |
Accommodations |  |  | 12,039 |  |  |  | 1,456 |  |  |  | 17,189 |  |  |  | 5,973 |
Transportation |  |  | 923 |  |  |  | 12 |  |  |  | 1,460 |  |  |  | 2,068 |
Travel planning and other |  |  | 1,935 |  |  |  | 213 |  |  |  | 2,649 |  |  |  | 629 |
Intersegment eliminations |  |  | (57 | ) |  |  | (6 | ) |  |  | (57 | ) |  |  | (117 | )
Total services revenue |  |  | 24,945 |  |  |  | 3,209 |  |  |  | 32,830 |  |  |  | 14,189 |
Products: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Food and beverage |  |  | 5,899 |  |  |  | 615 |  |  |  | 7,123 |  |  |  | 2,264 |
Retail operations |  |  | 5,469 |  |  |  | 1,440 |  |  |  | 6,150 |  |  |  | 2,334 |
Total products revenue |  |  | 11,368 |  |  |  | 2,055 |  |  |  | 13,273 |  |  |  | 4,598 |
Total revenue |  | $ | 36,313 |  |  | $ | 5,264 |  |  | $ | 46,103 |  |  | $ | 18,787 |
Timing of revenue recognition: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Services transferred over time |  | $ | 24,945 |  |  | $ | 3,209 |  |  | $ | 32,830 |  |  | $ | 14,189 |
Products transferred at a point in time |  |  | 11,368 |  |  |  | 2,055 |  |  |  | 13,273 |  |  |  | 4,598 |
Total revenue |  | $ | 36,313 |  |  | $ | 5,264 |  |  | $ | 46,103 |  |  | $ | 18,787 |
Markets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Banff Jasper Collection |  | $ | 10,658 |  |  | $ | 3,040 |  |  | $ | 19,118 |  |  | $ | 12,839 |
Alaska Collection |  |  | 11,058 |  |  |  | 580 |  |  |  | 11,347 |  |  |  | 731 |
Glacier Park Collection |  |  | 10,968 |  |  |  | 1,161 |  |  |  | 11,546 |  |  |  | 1,884 |
FlyOver |  |  | 735 |  |  |  | 483 |  |  |  | 1,198 |  |  |  | 3,333 |
Sky Lagoon(1) |  |  | 2,894 |  |  |  | — |  |  |  | 2,894 |  |  |  | — |
Total revenue |  | $ | 36,313 |  |  | $ | 5,264 |  |  | $ | 46,103 |  |  | $ | 18,787 |

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- 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
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- 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
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