Revenue and Related Contract Costs and Contract Liabilities (Tables)

6 Months Ended

Jun. 30, 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		94,495
Revenue recognized		(65,082	)
Foreign exchange translation adjustment		(6,376	)
Balance at June 30, 2023	$	67,794

Summary of Changes in Contract Costs

Changes to contract costs are as follows:

(in thousands)
Balance at December 31, 2022	$	16,568
Additions		30,443
Expenses		(26,216	)
Foreign exchange translation adjustment		312
Balance at June 30, 2023	$	21,107

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				Six Months Ended
	June 30,				June 30,
(in thousands)	2023		2022		2023		2022
Services:
Ticket revenue	$	36,543	$	29,337	$	50,804	$	38,539
Rooms revenue		22,106		20,559		29,696		27,462
Transportation		3,689		3,755		5,634		4,934
Other		3,333		3,017		4,700		4,387
Total services revenue		65,671		56,668		90,834		75,322
Products:
Food and beverage		13,628		12,171		19,503		16,264
Retail operations		9,175		8,760		10,800		9,797
Total products revenue		22,803		20,931		30,303		26,061
Total revenue	$	88,474	$	77,599	$	121,137	$	101,383
Timing of revenue recognition:
Services transferred over time	$	65,671	$	56,668	$	90,834	$	75,322
Products transferred at a point in time		22,803		20,931		30,303		26,061
Total revenue	$	88,474	$	77,599	$	121,137	$	101,383
Markets:
Banff Jasper Collection	$	46,905	$	38,962	$	64,519	$	53,292
Alaska Collection		12,701		13,319		13,154		13,816
Glacier Park Collection		13,730		13,581		15,185		14,590
FlyOver		7,020		5,870		12,875		10,009
Sky Lagoon		8,118		5,867		15,404		9,676
Total revenue	$	88,474	$	77,599	$	121,137	$	101,383

GES

	Three Months Ended						Six Months Ended
	June 30,						June 30,
(in thousands)	2023			2022			2023			2022
Service lines:
Spiro	$	80,368		$	89,425		$	140,730		$	132,241
GES Exhibitions		154,534			154,600			324,031			266,431
Intersegment eliminations		(3,065	)		(2,421	)		(4,796	)		(3,492	)
Total revenue	$	231,837		$	241,604		$	459,965		$	395,180
Timing of revenue recognition:
Services transferred over time	$	196,668		$	197,464		$	389,645		$	329,947
Products transferred over time(1)		16,038			16,025			28,979			23,963
Products transferred at a point in time		19,131			28,115			41,341			41,270
Total revenue	$	231,837		$	241,604		$	459,965		$	395,180
Geographical markets:
North America	$	177,408		$	189,670		$	358,247		$	318,697
EMEA		62,644			58,534			112,181			84,347
Intersegment eliminations		(8,215	)		(6,600	)		(10,463	)		(7,864	)
Total revenue	$	231,837		$	241,604		$	459,965		$	395,180

(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.