XML 32 R16.htm IDEA: XBRL DOCUMENT v3.25.4
DETAILS OF SELECTED BALANCE SHEET ACCOUNTS
 12 Months Ended
Dec. 31, 2025
Balance Sheet Related Disclosures [Abstract]  
DETAILS OF SELECTED BALANCE SHEET ACCOUNTS DETAILS OF SELECTED BALANCE SHEET ACCOUNTS
Additional information regarding selected balance sheet accounts at December 31, 2025 and 2024 is presented below (in thousands): 
 December 31, 2025December 31, 2024
Accounts receivable, net:
Trade  $70,646 $72,819 
Unbilled revenue  
15,273 12,883 
Other4,787 3,544 
Total accounts receivable  
90,706 89,246 
Allowance for credit losses  (236)(208)
Total accounts receivable, net
$90,470 $89,038 
 December 31, 2025December 31, 2024
Inventories:
Finished goods, including purchased food, housekeeping and retail inventory$4,486 $6,134 
Raw materials  1,732 1,403 
Total inventories
$6,218 $7,537 
 
 Estimated
Useful Life 
(in years)		December 31, 2025December 31, 2024
Property, plant and equipment, net:
Land  $29,476 $24,052 
Accommodations assets  
3-15
1,410,965 1,272,515 
Buildings and leasehold improvements
6-40
13,817 12,386 
Machinery and equipment
4-7
15,047 13,624 
Office furniture and equipment
3-7
69,623 65,830 
Vehicles
3-5
8,309 8,775 
Construction in progress1,694 6,835 
Total property, plant and equipment1,548,931 1,404,017 
Accumulated depreciation(1,304,414)(1,199,120)
Total property, plant and equipment, net $244,517 $204,897 
 
 December 31, 2025December 31, 2024
Accrued liabilities:
Accrued compensation$24,682 $29,209 
Accrued taxes, other than income taxes3,873 3,327 
Other2,282 2,397 
Total accrued liabilities
$30,837 $34,933 
 

December 31, 2025December 31, 2024
Contract assets:
Current contract assets (1)  
$1,363 $— 
Noncurrent contract assets (1)
2,725 — 
Total contract assets$4,088 $— 
Contract liabilities (Deferred revenue):
Current contract liabilities (2)
$2,903 $2,501 
Noncurrent contract liabilities (2)
2,908 5,098 
Total contract liabilities (Deferred revenue)$5,811 $7,599 

(1)Current contract assets and Noncurrent contract assets are included in "Other current assets" and "Other noncurrent assets," respectively, in our consolidated balance sheets.
(2)Current contract liabilities and Noncurrent contract liabilities are included in "Deferred revenue" and "Other noncurrent liabilities," respectively, in our consolidated balance sheets.

Contract assets consists of upfront incentives offered as consideration for entering into multi-year contracts. These incentives are refundable to us if the customer cancels the contract prior to the end of the contracted terms. The contract assets are amortized as a reduction of revenue over the contract term as the related services are provided. The increase in contract assets from December 31, 2024 to December 31, 2025 was due to incentives offered to a customer in Australia during the first quarter of 2025 to enter into a six-year integrated services contract.
Deferred revenue typically consists of upfront payments received before we satisfy the associated performance obligation. The decrease in deferred revenue from December 31, 2024 to December 31, 2025 was due to revenue recognized over the contracted terms related to advance payments received from a customer for village enhancements in Australia.