Revenue and Related Contract Costs and Contract Liabilities (Tables)

3 Months Ended

Mar. 31, 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		46,143
Revenue recognized		(27,321	)
Foreign exchange translation adjustment		(1,653	)
Balance at March 31, 2023	$	61,926

Summary of Changes in Contract Costs

Changes to contract costs are as follows:

(in thousands)
Balance at December 31, 2022	$	16,568
Additions		16,848
Expenses		(9,805	)
Foreign exchange translation adjustment		112
Balance at March 31, 2023	$	23,723

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
	March 31,
(in thousands)	2023		2022
Services:
Ticket revenue	$	14,261	$	9,202
Rooms revenue		7,590		6,903
Transportation		1,945		1,179
Other		1,367		1,370
Total services revenue		25,163		18,654
Products:
Food and beverage		5,875		4,093
Retail operations		1,625		1,037
Total products revenue		7,500		5,130
Total revenue	$	32,663	$	23,784
Timing of revenue recognition:
Services transferred over time	$	25,163	$	18,654
Products transferred at a point in time		7,500		5,130
Total revenue	$	32,663	$	23,784
Markets:
Banff Jasper Collection	$	17,614	$	14,330
Alaska Collection		453		497
Glacier Park Collection		1,455		1,009
FlyOver		5,855		4,139
Sky Lagoon		7,286		3,809
Total revenue	$	32,663	$	23,784

GES

	Three Months Ended
	March 31,
(in thousands)	2023			2022
Service lines:
Spiro	$	60,362		$	42,816
GES Exhibitions		169,497			111,831
Intersegment eliminations		(1,731	)		(1,071	)
Total revenue	$	228,128		$	153,576
Timing of revenue recognition:
Services transferred over time	$	192,977		$	132,483
Products transferred over time(1)		12,941			7,938
Products transferred at a point in time		22,210			13,155
Total revenue	$	228,128		$	153,576
Geographical markets:
North America	$	180,839		$	129,027
EMEA		49,537			25,813
Intersegment eliminations		(2,248	)		(1,264	)
Total revenue	$	228,128		$	153,576

(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.