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v3.23.2

Revenue and Related Contract Costs and Contract Liabilities (Tables) | 6 Months Ended
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Jun. 30, 2023
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, 2022 |  | $ | 44,757 |
Cash additions |  |  | 94,495 |
Revenue recognized |  |  | (65,082 | )
Foreign exchange translation adjustment |  |  | (6,376 | )
Balance at June 30, 2023 |  | $ | 67,794 |
Summary of Changes in Contract Costs | Changes to contract costs are as follows:
(in thousands) |  |  |
Balance at December 31, 2022 |  | $ | 16,568 |
Additions |  |  | 30,443 |
Expenses |  |  | (26,216 | )
Foreign exchange translation adjustment |  |  | 312 |
Balance at June 30, 2023 |  | $ | 21,107 |
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
|  | Three Months Ended |  |  | Six Months Ended |
|  | June 30, |  |  | June 30, |
(in thousands) |  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
Services: |  |  |  |  |  |  |  |  |  |  |  |
Ticket revenue |  | $ | 36,543 |  |  | $ | 29,337 |  |  | $ | 50,804 |  |  | $ | 38,539 |
Rooms revenue |  |  | 22,106 |  |  |  | 20,559 |  |  |  | 29,696 |  |  |  | 27,462 |
Transportation |  |  | 3,689 |  |  |  | 3,755 |  |  |  | 5,634 |  |  |  | 4,934 |
Other |  |  | 3,333 |  |  |  | 3,017 |  |  |  | 4,700 |  |  |  | 4,387 |
Total services revenue |  |  | 65,671 |  |  |  | 56,668 |  |  |  | 90,834 |  |  |  | 75,322 |
Products: |  |  |  |  |  |  |  |  |  |  |  |
Food and beverage |  |  | 13,628 |  |  |  | 12,171 |  |  |  | 19,503 |  |  |  | 16,264 |
Retail operations |  |  | 9,175 |  |  |  | 8,760 |  |  |  | 10,800 |  |  |  | 9,797 |
Total products revenue |  |  | 22,803 |  |  |  | 20,931 |  |  |  | 30,303 |  |  |  | 26,061 |
Total revenue |  | $ | 88,474 |  |  | $ | 77,599 |  |  | $ | 121,137 |  |  | $ | 101,383 |
Timing of revenue recognition: |  |  |  |  |  |  |  |  |  |  |  |
Services transferred over time |  | $ | 65,671 |  |  | $ | 56,668 |  |  | $ | 90,834 |  |  | $ | 75,322 |
Products transferred at a point in time |  |  | 22,803 |  |  |  | 20,931 |  |  |  | 30,303 |  |  |  | 26,061 |
Total revenue |  | $ | 88,474 |  |  | $ | 77,599 |  |  | $ | 121,137 |  |  | $ | 101,383 |
Markets: |  |  |  |  |  |  |  |  |  |  |  |
Banff Jasper Collection |  | $ | 46,905 |  |  | $ | 38,962 |  |  | $ | 64,519 |  |  | $ | 53,292 |
Alaska Collection |  |  | 12,701 |  |  |  | 13,319 |  |  |  | 13,154 |  |  |  | 13,816 |
Glacier Park Collection |  |  | 13,730 |  |  |  | 13,581 |  |  |  | 15,185 |  |  |  | 14,590 |
FlyOver |  |  | 7,020 |  |  |  | 5,870 |  |  |  | 12,875 |  |  |  | 10,009 |
Sky Lagoon |  |  | 8,118 |  |  |  | 5,867 |  |  |  | 15,404 |  |  |  | 9,676 |
Total revenue |  | $ | 88,474 |  |  | $ | 77,599 |  |  | $ | 121,137 |  |  | $ | 101,383 |
GES
|  | Three Months Ended |  |  | Six Months Ended |
|  | June 30, |  |  | June 30, |
(in thousands) |  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
Service lines: |  |  |  |  |  |  |  |  |  |  |  |
Spiro |  | $ | 80,368 |  |  | $ | 89,425 |  |  | $ | 140,730 |  |  | $ | 132,241 |
GES Exhibitions |  |  | 154,534 |  |  |  | 154,600 |  |  |  | 324,031 |  |  |  | 266,431 |
Intersegment eliminations |  |  | (3,065 | ) |  |  | (2,421 | ) |  |  | (4,796 | ) |  |  | (3,492 | )
Total revenue |  | $ | 231,837 |  |  | $ | 241,604 |  |  | $ | 459,965 |  |  | $ | 395,180 |
Timing of revenue recognition: |  |  |  |  |  |  |  |  |  |  |  |
Services transferred over time |  | $ | 196,668 |  |  | $ | 197,464 |  |  | $ | 389,645 |  |  | $ | 329,947 |
Products transferred over time(1) |  |  | 16,038 |  |  |  | 16,025 |  |  |  | 28,979 |  |  |  | 23,963 |
Products transferred at a point in time |  |  | 19,131 |  |  |  | 28,115 |  |  |  | 41,341 |  |  |  | 41,270 |
Total revenue |  | $ | 231,837 |  |  | $ | 241,604 |  |  | $ | 459,965 |  |  | $ | 395,180 |
Geographical markets: |  |  |  |  |  |  |  |  |  |  |  |
North America |  | $ | 177,408 |  |  | $ | 189,670 |  |  | $ | 358,247 |  |  | $ | 318,697 |
EMEA |  |  | 62,644 |  |  |  | 58,534 |  |  |  | 112,181 |  |  |  | 84,347 |
Intersegment eliminations |  |  | (8,215 | ) |  |  | (6,600 | ) |  |  | (10,463 | ) |  |  | (7,864 | )
Total revenue |  | $ | 231,837 |  |  | $ | 241,604 |  |  | $ | 459,965 |  |  | $ | 395,180 |
(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.

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