v3.21.2

REVENUE (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2021
REVENUE |
Schedule of revenue disaggregation | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | AIR MILES |  | ​ | ​ |  | ​ | ​
Three Months Ended September 30, 2021 | ​ | Reward Program | ​ | BrandLoyalty | ​ | Total
​ | ​ | (in thousands)
Disaggregation of Revenue by Major Source: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Coalition loyalty program | ​ | $ | 68,580 | ​ | $ | — | ​ | $ | 68,580
Campaign-based loyalty solutions | ​ |  | — | ​ |  | 95,799 | ​ |  | 95,799
Other | ​ |  | 10 | ​ |  | 1,530 | ​ |  | 1,540
Revenue from contracts with customers | ​ | $ | 68,590 | ​ | $ | 97,329 | ​ | $ | 165,919
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Investment income | ​ |  | 3,338 | ​ | ​ | — | ​ |  | 3,338
Total | ​ | $ | 71,928 | ​ | $ | 97,329 | ​ | $ | 169,257
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | AIR MILES |  | ​ | ​ |  | ​ | ​
Three Months Ended September 30, 2020 | ​ | Reward Program | ​ | BrandLoyalty | ​ | Total
​ | ​ | (in thousands)
Disaggregation of Revenue by Major Source: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Coalition loyalty program | ​ | $ | 62,938 | ​ | $ | — | ​ | $ | 62,938
Campaign-based loyalty solutions | ​ |  | — | ​ |  | 117,435 | ​ |  | 117,435
Other | ​ |  | (17) | ​ |  | 1,123 | ​ |  | 1,106
Revenue from contracts with customers | ​ | $ | 62,921 | ​ | $ | 118,558 | ​ | $ | 181,479
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Investment income | ​ |  | 3,277 | ​ |  | — | ​ |  | 3,277
Total | ​ | $ | 66,198 | ​ | $ | 118,558 | ​ | $ | 184,756
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | AIR MILES |  | ​ | ​ |  | ​ | ​
Nine Months Ended September 30, 2021 | ​ | Reward Program | ​ | BrandLoyalty | ​ | Total
​ | ​ | (in thousands)
Disaggregation of Revenue by Major Source: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Coalition loyalty program | ​ | $ | 203,870 | ​ | $ | — | ​ | $ | 203,870
Campaign-based loyalty solutions | ​ |  | — | ​ |  | 278,726 | ​ |  | 278,726
Other | ​ |  | 12 | ​ |  | 3,867 | ​ |  | 3,879
Revenue from contracts with customers | ​ | $ | 203,882 | ​ | $ | 282,593 | ​ | $ | 486,475
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Investment income | ​ |  | 10,241 | ​ |  | — | ​ |  | 10,241
Total | ​ | $ | 214,123 | ​ | $ | 282,593 | ​ | $ | 496,716
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | AIR MILES |  | ​ | ​ |  | ​ | ​
Nine Months Ended September 30, 2020 | ​ | Reward Program | ​ | BrandLoyalty | ​ | Total
​ | ​ | (in thousands)
Disaggregation of Revenue by Major Source: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Coalition loyalty program | ​ | $ | 195,870 | ​ | $ | — | ​ | $ | 195,870
Campaign-based loyalty solutions | ​ |  | — | ​ |  | 322,504 | ​ |  | 322,504
Other | ​ |  | 1,903 | (1) |  | 4,077 | ​ |  | 5,980
Revenue from contracts with customers | ​ | $ | 197,773 | ​ | $ | 326,581 | ​ | $ | 524,354
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Investment income | ​ |  | 9,578 | ​ |  | — | ​ |  | 9,578
Total | ​ | $ | 207,351 | ​ | $ | 326,581 | ​ | $ | 533,932
(1) | Includes revenues from Precima®, a provider of retail strategy and customer data applications and analytics, which was sold by the Parent on January 10, 2020, which comprised $1.9 million for the nine months ended September 30, 2020. See Note 4, “Dispositions,” for more information.
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | AIR MILES |  | ​ | ​ |  | ​ | ​
Three Months Ended September 30, 2021 | ​ | Reward Program | ​ | BrandLoyalty | ​ | Total
​ | ​ | (in thousands)
Disaggregation of Revenue by Geographic Region: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
United States | ​ | $ | — | ​ | $ | 95 | ​ | $ | 95
Canada | ​ |  | 71,928 | ​ |  | 3,894 | ​ |  | 75,822
Europe, Middle East and Africa | ​ |  | — | ​ |  | 68,168 | ​ |  | 68,168
Asia Pacific | ​ |  | — | ​ |  | 22,967 | ​ |  | 22,967
Other | ​ |  | — | ​ |  | 2,205 | ​ |  | 2,205
Total | ​ | $ | 71,928 | ​ | $ | 97,329 | ​ | $ | 169,257
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | AIR MILES |  | ​ | ​ |  | ​ | ​
Three Months Ended September 30, 2020 | ​ | Reward Program | ​ | BrandLoyalty | ​ | Total
​ | ​ | (in thousands)
Disaggregation of Revenue by Geographic Region: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
United States | ​ | $ | — | ​ | $ | 3,316 | ​ | $ | 3,316
Canada | ​ |  | 66,198 | ​ |  | 4,132 | ​ |  | 70,330
Europe, Middle East and Africa | ​ |  | — | ​ |  | 76,876 | ​ |  | 76,876
Asia Pacific | ​ |  | — | ​ |  | 12,549 | ​ |  | 12,549
Other | ​ |  | — | ​ |  | 21,685 | ​ |  | 21,685
Total | ​ | $ | 66,198 | ​ | $ | 118,558 | ​ | $ | 184,756
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | AIR MILES |  | ​ | ​ |  | ​ | ​
Nine Months Ended September 30, 2021 | ​ | Reward Program | ​ | BrandLoyalty | ​ | Total
​ | ​ | (in thousands)
Disaggregation of Revenue by Geographic Region: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
United States | ​ | $ | — | ​ | $ | 2,637 | ​ | $ | 2,637
Canada | ​ |  | 214,123 | ​ |  | 15,163 | ​ |  | 229,286
Europe, Middle East and Africa | ​ |  | — | ​ |  | 200,022 | ​ |  | 200,022
Asia Pacific | ​ |  | — | ​ |  | 57,690 | ​ |  | 57,690
Other | ​ |  | — | ​ |  | 7,081 | ​ |  | 7,081
Total | ​ | $ | 214,123 | ​ | $ | 282,593 | ​ | $ | 496,716
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | AIR MILES |  | ​ | ​ |  | ​ | ​
Nine Months Ended September 30, 2020 | ​ | Reward Program | ​ | BrandLoyalty | ​ | Total
​ | ​ | (in thousands)
Disaggregation of Revenue by Geographic Region: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
United States | ​ | $ | 1,028 | ​ | $ | 8,562 | ​ | $ | 9,590
Canada | ​ |  | 206,055 | ​ |  | 8,065 | ​ |  | 214,120
Europe, Middle East and Africa | ​ |  | 268 | ​ |  | 195,884 | ​ |  | 196,152
Asia Pacific | ​ |  | — | ​ |  | 62,960 | ​ |  | 62,960
Other | ​ |  | — | ​ |  | 51,110 | ​ |  | 51,110
Total | ​ | $ | 207,351 | ​ | $ | 326,581 | ​ | $ | 533,932
​
Schedule of reconciliation of contract liabilities | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Deferred Revenue
​ |  | Service |  | Redemption |  | Total
​ | ​ | (in thousands)
Balance at January 1, 2021 | ​ | $ | 247,186 | ​ | $ | 756,833 | ​ | $ | 1,004,019
Cash proceeds | ​ |  | 128,988 | ​ | ​ | 206,715 | ​ |  | 335,703
Revenue recognized (1) | ​ |  | (148,373) | ​ | ​ | (175,696) | ​ |  | (324,069)
Other | ​ |  | — | ​ | ​ | 1,182 | ​ |  | 1,182
Effects of foreign currency translation | ​ |  | 1,290 | ​ | ​ | 2,775 | ​ |  | 4,065
Balance at September 30, 2021 | ​ | $ | 229,091 | ​ | $ | 791,809 | ​ | $ | 1,020,900
Amounts recognized in the combined balance sheets: | ​ |  |  | ​ |  |  | ​ |  |
Deferred revenue (current) | ​ | $ | 132,486 | ​ | $ | 791,809 | ​ | $ | 924,295
Deferred revenue (non-current) | ​ | $ | 96,605 | ​ | $ | — | ​ | $ | 96,605
(1) | Reported on a gross basis herein.

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