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Revenue and Related Contract Costs and Contract Liabilities (Tables)

6 Months Ended

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

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

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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

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- 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

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