XML 43 R33.htm IDEA: XBRL DOCUMENT
v3.22.2.2

Revenue and Related Contract Costs and Contract Liabilities (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2022
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, 2021 |  | $ | 39,662 |
Cash additions |  |  | 134,090 |
Revenue recognized |  |  | (107,479 | )
Foreign exchange translation adjustment |  |  | (3,093 | )
Balance at September 30, 2022 |  | $ | 63,180 |
Summary of Changes in Contract Costs | Changes to contract costs are as follows:
(in thousands) |  |  |
Balance at December 31, 2021 |  | $ | 13,790 |
Additions |  |  | 51,930 |
Expenses |  |  | (36,448 | )
Foreign exchange translation adjustment |  |  | (1,089 | )
Balance at September 30, 2022 |  | $ | 28,183 |
Disaggregate GES and Pursuit Revenue by Major Product Line Timing of Revenue Recognition and Markets Served | The following tables disaggregate Pursuit and GES revenue by major service and product lines, timing of revenue recognition, and markets served: Pursuit During the first quarter of 2022, we reallocated certain ancillary revenue presented in Pursuit’s services revenue to better align with how we analyze revenue and depict the nature of revenue. All prior periods have been reclassified to conform to this new presentation.
|  | Three Months Ended |  |  | Nine Months Ended |
|  | September 30, |  |  | September 30, |
(in thousands) |  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
Services: |  |  |  |  |  |  |  |  |  |  |  |
Ticket revenue |  | $ | 60,825 |  |  | $ | 39,480 |  |  | $ | 99,364 |  |  | $ | 51,069 |
Rooms revenue |  |  | 42,453 |  |  |  | 35,413 |  |  |  | 69,915 |  |  |  | 51,552 |
Transportation |  |  | 6,251 |  |  |  | 3,453 |  |  |  | 11,185 |  |  |  | 4,913 |
Other |  |  | 7,581 |  |  |  | 3,753 |  |  |  | 11,968 |  |  |  | 7,395 |
Total services revenue |  |  | 117,110 |  |  |  | 82,099 |  |  |  | 192,432 |  |  |  | 114,929 |
Products: |  |  |  |  |  |  |  |  |  |  |  |
Food and beverage |  |  | 25,105 |  |  |  | 18,029 |  |  |  | 41,369 |  |  |  | 25,152 |
Retail operations |  |  | 21,581 |  |  |  | 17,427 |  |  |  | 31,378 |  |  |  | 23,577 |
Total products revenue |  |  | 46,686 |  |  |  | 35,456 |  |  |  | 72,747 |  |  |  | 48,729 |
Total revenue |  | $ | 163,796 |  |  | $ | 117,555 |  |  | $ | 265,179 |  |  | $ | 163,658 |
Timing of revenue recognition: |  |  |  |  |  |  |  |  |  |  |  |
Services transferred over time |  | $ | 117,110 |  |  | $ | 82,099 |  |  | $ | 192,432 |  |  | $ | 114,929 |
Products transferred at a point in time |  |  | 46,686 |  |  |  | 35,456 |  |  |  | 72,747 |  |  |  | 48,729 |
Total revenue |  | $ | 163,796 |  |  | $ | 117,555 |  |  | $ | 265,179 |  |  | $ | 163,658 |
Markets: |  |  |  |  |  |  |  |  |  |  |  |
Banff Jasper Collection |  | $ | 80,829 |  |  | $ | 52,602 |  |  | $ | 134,121 |  |  | $ | 71,720 |
Alaska Collection |  |  | 25,591 |  |  |  | 25,932 |  |  |  | 39,407 |  |  |  | 37,279 |
Glacier Park Collection |  |  | 41,080 |  |  |  | 32,081 |  |  |  | 55,670 |  |  |  | 43,627 |
FlyOver |  |  | 8,276 |  |  |  | 2,296 |  |  |  | 18,285 |  |  |  | 3,494 |
Sky Lagoon |  |  | 8,020 |  |  |  | 4,644 |  |  |  | 17,696 |  |  |  | 7,538 |
Total revenue |  | $ | 163,796 |  |  | $ | 117,555 |  |  | $ | 265,179 |  |  | $ | 163,658 |
GES During the first quarter of 2022, we changed our segment reporting as a result of operational changes and how our CODM reviews the financial performance of GES and makes decisions regarding the allocation of resources. Accordingly, GES’ new reportable segments are Spiro and GES Exhibitions. As a result, we changed certain items in the following disaggregation of revenue table. All prior periods have been reclassified to conform to the new reporting structure.
|  | Three Months Ended |  |  | Nine Months Ended |
|  | September 30, |  |  | September 30, |
(in thousands) |  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
Service lines: |  |  |  |  |  |  |  |  |  |  |  |
Spiro |  | $ | 73,277 |  |  | $ | 37,866 |  |  | $ | 205,518 |  |  | $ | 61,869 |
GES Exhibitions |  |  | 147,872 |  |  |  | 81,138 |  |  |  | 414,303 |  |  |  | 101,347 |
Intersegment eliminations |  |  | (2,224 | ) |  |  | (2,960 | ) |  |  | (5,716 | ) |  |  | (3,107 | )
Total revenue |  | $ | 218,925 |  |  | $ | 116,044 |  |  | $ | 614,105 |  |  | $ | 160,109 |
Timing of revenue recognition: |  |  |  |  |  |  |  |  |  |  |  |
Services transferred over time |  | $ | 189,089 |  |  | $ | 100,865 |  |  | $ | 519,036 |  |  | $ | 139,241 |
Products transferred over time(1) |  |  | 11,231 |  |  |  | 6,509 |  |  |  | 35,194 |  |  |  | 7,659 |
Products transferred at a point in time |  |  | 18,605 |  |  |  | 8,670 |  |  |  | 59,875 |  |  |  | 13,209 |
Total revenue |  | $ | 218,925 |  |  | $ | 116,044 |  |  | $ | 614,105 |  |  | $ | 160,109 |
Geographical markets: |  |  |  |  |  |  |  |  |  |  |  |
North America |  | $ | 186,787 |  |  | $ | 92,648 |  |  | $ | 505,484 |  |  | $ | 127,978 |
EMEA |  |  | 43,088 |  |  |  | 24,084 |  |  |  | 127,435 |  |  |  | 34,061 |
Intersegment eliminations |  |  | (10,950 | ) |  |  | (688 | ) |  |  | (18,814 | ) |  |  | (1,930 | )
Total revenue |  | $ | 218,925 |  |  | $ | 116,044 |  |  | $ | 614,105 |  |  | $ | 160,109 |
(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.

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 https://asc.fasb.org/extlink&oid=126905575&loc=SL49131252-203054 + Details
Name: | us-gaap_CapitalizedContractCostTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types: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 https://asc.fasb.org/extlink&oid=126920106&loc=SL49130551-203045 + Details
Name: | us-gaap_ContractWithCustomerAssetAndLiabilityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types: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 https://asc.fasb.org/extlink&oid=126920106&loc=SL49130545-203045 + Details
Name: | us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types: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