Revenue (Tables)

12 Months Ended

Dec. 31, 2019

Revenue

Schedule of impact of adoption of Topic 606

The impact of adoption of Topic 606 on our consolidated statements of operations for the year ended December 31, 2019 and 2018 was as follows:

	Year Ended December 31, 2019
			Balances Without		Effect of Change
(Amounts in thousands)	As Reported		Adoption		Higher/(Lower)
Statement of Operations
Revenues
Sponsorship, international agreements and accommodations	$	97,361	$	97,224	$	137
Costs and expenses
Income tax expense		91,942		91,913		29
Net income		179,065		178,957		108

	Year Ended December 31, 2018
			Balances Without		Effect of Change
(Amounts in thousands)	As Reported		Adoption		Higher/(Lower)
Statement of Operations
Revenues
Sponsorship, international agreements and accommodations	$	100,116	$	101,058	$	(942)
Costs and expenses
Income tax expense		95,855		96,053		(198)
Net income		275,996		276,740		(744)

Schedule of revenues disaggregated by contract duration

The following tables present our revenues disaggregated by contract duration for the years ended December 31, 2019, 2018 and 2017, respectively. Long-term and short-term contracts consist of our contracts with customers with terms greater than one year and less than or equal to one year, respectively. Sales and usage-based taxes are excluded from revenues.

	Year Ended December 31, 2019
					Sponsorship,
			Park Food,		International
			Merchandise		Agreements and
(Amounts in thousands)	Park Admissions		and Other		Accommodations		Consolidated
Long-term contracts	$	106,233	$	20,381	$	71,893	$	198,507
Short-term contracts and other (a)		709,549		554,059		25,468		1,289,076
Total revenues	$	815,782	$	574,440	$	97,361	$	1,487,583

	Year Ended December 31, 2018
					Sponsorship,
			Park Food,		International
			Merchandise		Agreements and
(Amounts in thousands)	Park Admissions		and Other		Accommodations		Consolidated
Long-term contracts	$	115,612	$	25,383	$	71,589	$	212,584
Short-term contracts and other (a)		694,452		528,144		28,527		1,251,123
Total revenues	$	810,064	$	553,527	$	100,116	$	1,463,707

	Year Ended December 31, 2017
					Sponsorship,
			Park Food,		International
			Merchandise		Agreements and
(Amounts in thousands)	Park Admissions		and Other		Accommodations		Consolidated
Long-term contracts	$	109,943	$	20,498	$	57,934	$	188,375
Short-term contracts and other (a)		631,332		504,084		35,283		1,170,699
Total revenues	$	741,275	$	524,582	$	93,217	$	1,359,074

(a) Other revenues primarily include sales of single-use tickets and short-term transactional sales for which we have the right to invoice.