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DISTRIBUTION AGREEMENTS
6 Months Ended
Jun. 30, 2023
DISTRIBUTION AGREEMENTS  
DISTRIBUTION AGREEMENTS

10.

DISTRIBUTION AGREEMENTS

In the normal course of business, amounts received pursuant to new and/or amended distribution agreements entered into with certain bottlers/distributors, relating to the costs associated with terminating agreements with the Company’s prior distributors, or at the

inception of certain sales/marketing programs are accounted for as deferred revenue and are recognized as revenue ratably over the anticipated life of the respective agreement, generally 20 years or program duration, as the case may be. Revenue recognized was $10.0 million and $10.1 million for the three-months ended June 30, 2023 and 2022, respectively. Revenue recognized was $19.9 million and $20.1 million for the six-months ended June 30, 2023 and 2022, respectively.