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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- 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
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+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
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