Revenue and Related Contract Costs and Contract Liabilities (Tables)

9 Months Ended

Sep. 30, 2020

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, 2019	$	50,796
Cash additions		130,018
Revenue recognized		(162,954	)
Foreign exchange translation adjustment		(84	)
Balance at September 30, 2020	$	17,776

Summary of Changes in Contract Costs

Changes to contract costs are as follows:

(in thousands)
Balance at December 31, 2019	$	28,496
Additions		16,710
Expenses		(22,774	)
Cancelled		(9,840	)
Foreign exchange translation adjustment		(479	)
Balance at September 30, 2020	$	12,113

Disaggregate GES and Pursuit Revenue by Major Product Line Timing of Revenue Recognition and Markets Served

The following tables disaggregate GES and Pursuit revenue by major product line, timing of revenue recognition, and markets served:

GES

	Three Months Ended September 30, 2020
(in thousands)	GES North America		GES EMEA			Intersegment Eliminations			Total
Services:
Core services	$	7,987	$	2,003		$	—		$	9,990
Audio-visual		933		(40	)		—			893
Event technology		1,283		414			—			1,697
Intersegment eliminations		—		—			(284	)		(284	)
Total services		10,203		2,377			(284	)		12,296
Products:
Core products		1,564		397			—			1,961
Total revenue	$	11,767	$	2,774		$	(284	)	$	14,257
Timing of revenue recognition:
Services transferred over time	$	10,203	$	2,377		$	(284	)	$	12,296
Products transferred over time(1)		232		15			—			247
Products transferred at a point in time		1,332		382			—			1,714
Total revenue	$	11,767	$	2,774		$	(284	)	$	14,257
Markets:
Exhibitions	$	4,890	$	2,323		$	—		$	7,213
Conferences		1,099		367			—			1,466
Corporate events		4,537		67			—			4,604
Consumer events		1,241		17			—			1,258
Intersegment eliminations		—		—			(284	)		(284	)
Total revenue	$	11,767	$	2,774		$	(284	)	$	14,257

⁽¹⁾ GES’ graphics product revenue is earned over time over the duration of the event as it is considered a part of the single performance obligation satisfied over time.

	Nine Months Ended September 30, 2020
(in thousands)	GES North America		GES EMEA		Intersegment Eliminations			Total
Services:
Core services	$	225,414	$	33,350	$	—		$	258,764
Audio-visual		18,661		3,549		—			22,210
Event technology		7,946		4,126		—			12,072
Intersegment eliminations		—		—		(3,258	)		(3,258	)
Total services		252,021		41,025		(3,258	)		289,788
Products:
Core products		21,402		11,071		—			32,473
Total revenue	$	273,423	$	52,096	$	(3,258	)	$	322,261
Timing of revenue recognition:
Services transferred over time	$	252,021	$	41,025	$	(3,258	)	$	289,788
Products transferred over time(1)		11,035		2,407		—			13,442
Products transferred at a point in time		10,367		8,664		—			19,031
Total revenue	$	273,423	$	52,096	$	(3,258	)	$	322,261
Markets:
Exhibitions	$	203,671	$	39,001	$	—		$	242,672
Conferences		39,626		7,618		—			47,244
Corporate events		24,012		5,308		—			29,320
Consumer events		6,114		169		—			6,283
Intersegment eliminations		—		—		(3,258	)		(3,258	)
Total revenue	$	273,423	$	52,096	$	(3,258	)	$	322,261

⁽¹⁾ GES’ graphics product revenue is earned over time over the duration of the event as it is considered a part of the single performance obligation satisfied over time.

	Three Months Ended September 30, 2019
(in thousands)	GES North America		GES EMEA		Intersegment Eliminations			Total
Services:
Core services	$	148,722	$	20,539	$	—		$	169,261
Audio-visual		18,742		4,402		—			23,144
Event technology		4,760		1,414		—			6,174
Intersegment eliminations		—		—		(5,724	)		(5,724	)
Total services		172,224		26,355		(5,724	)		192,855
Products:
Core products		12,900		12,945		—			25,845
Total revenue	$	185,124	$	39,300	$	(5,724	)	$	218,700
Timing of revenue recognition:
Services transferred over time	$	172,224	$	26,355	$	(5,724	)	$	192,855
Products transferred over time(1)		10,558		2,305		—			12,863
Products transferred at a point in time		2,342		10,640		—			12,982
Total revenue	$	185,124	$	39,300	$	(5,724	)	$	218,700
Markets:
Exhibitions	$	79,589	$	29,140	$	—		$	108,729
Conferences		60,537		4,938		—			65,475
Corporate events		39,370		5,020		—			44,390
Consumer events		5,628		202		—			5,830
Intersegment eliminations		—		—		(5,724	)		(5,724	)
Total revenue	$	185,124	$	39,300	$	(5,724	)	$	218,700

^{(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.}

	Nine Months Ended September 30, 2019
(in thousands)	GES North America		GES EMEA		Intersegment Eliminations			Total
Services:
Core services	$	531,485	$	86,715	$	—		$	618,200
Audio-visual		61,323		15,171		—			76,494
Event technology		23,368		6,501		—			29,869
Intersegment eliminations		—		—		(14,731	)		(14,731	)
Total services		616,176		108,387		(14,731	)		709,832
Products:
Core products		50,649		48,086		—			98,735
Total revenue	$	666,825	$	156,473	$	(14,731	)	$	808,567
Timing of revenue recognition:
Services transferred over time	$	616,176	$	108,387	$	(14,731	)	$	709,832
Products transferred over time(1)		33,601		10,595		—			44,196
Products transferred at a point in time		17,048		37,491		—			54,539
Total revenue	$	666,825	$	156,473	$	(14,731	)	$	808,567
Markets:
Exhibitions	$	349,106	$	119,189	$	—		$	468,295
Conferences		195,635		17,170		—			212,805
Corporate events		102,525		19,165		—			121,690
Consumer events		19,559		949		—			20,508
Intersegment eliminations		—		—		(14,731	)		(14,731	)
Total revenue	$	666,825	$	156,473	$	(14,731	)	$	808,567

^{(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.}

Pursuit

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
(in thousands)	2020			2019			2020			2019
Services:
Admissions	$	12,229		$	49,353		$	17,865		$	76,034
Accommodations		18,021			41,292			23,994			56,636
Transportation		445			6,868			2,513			12,817
Travel planning		855			2,004			1,484			4,107
Intersegment eliminations		(144	)		(671	)		(261	)		(1,355	)
Total services revenue		31,406			98,846			45,595			148,239
Products:
Food and beverage		6,783			19,333			9,047			28,903
Retail operations		10,626			16,864			12,960			23,977
Total products revenue		17,409			36,197			22,007			52,880
Total revenue	$	48,815		$	135,043		$	67,602		$	201,119
Timing of revenue recognition:
Services transferred over time	$	31,406		$	98,846		$	45,595		$	148,239
Products transferred at a point in time		17,409			36,197			22,007			52,880
Total revenue	$	48,815		$	135,043		$	67,602		$	201,119
Markets:
Banff Jasper Collection	$	26,395		$	75,337		$	39,234		$	116,433
Alaska Collection		5,436			26,909			6,167			39,287
Glacier Park Collection		14,929			28,098			16,813			36,296
FlyOver		2,055			4,699			5,388			9,103
Total revenue	$	48,815		$	135,043		$	67,602		$	201,119