Quarterly report pursuant to Section 13 or 15(d)

Revenue

v3.22.2
Revenue
 6 Months Ended
Jun. 30, 2022
Revenue from Contract with Customer [Abstract]  
Revenue Revenue
Revenue associated with our membership dues, enrollment fees, and certain services from our in-center businesses is recognized over time as earned. Revenue associated with products and services offered in our cafes and spas, as well as through e-commerce, is recognized at a point in time. The following is a summary of revenue, by major revenue stream, that we recognized during the three and six months ended June 30, 2022 and 2021:
Three Months Ended
June 30,		 Six Months Ended
June 30,
2022 2021 2022 2021
Membership dues and enrollment fees $ 309,262  $ 217,244  $ 581,178 $ 392,551
In-center revenue 136,620  99,352  246,325 169,139
Total center revenue 445,882  316,596  827,503 561,690
Other revenue 15,385  6,591  26,018 10,795
Total revenue $ 461,267  $ 323,187  $ 853,521 $ 572,485
The timing associated with the revenue we recognized during the three months ended June 30, 2022 and 2021 is as follows:
Three Months Ended June 30, 2022 Three Months Ended June 30, 2021
Center
Revenue		 Other
Revenue		 Total
Revenue		 Center
Revenue		 Other
Revenue		 Total
Revenue
Goods and services transferred over time $ 384,898 $ 15,385 $ 400,283 $ 272,971 $ 6,591 $ 279,562
Goods and services transferred at a point in time 60,984 — 60,984 43,625 — 43,625
Total revenue $ 445,882 $ 15,385 $ 461,267 $ 316,596 $ 6,591 $ 323,187
The timing associated with the revenue we recognized during the six months ended June 30, 2022 and 2021 is as follows:
Six Months Ended June 30, 2022 Six Months Ended June 30, 2021
Center
Revenue		 Other
Revenue		 Total
Revenue		 Center
Revenue		 Other
Revenue		 Total
Revenue
Goods and services transferred over time $ 717,885 $ 26,018 $ 743,903 $ 489,074 $ 10,795 $ 499,869
Goods and services transferred at a point in time 109,618 — 109,618 72,616 — 72,616
Total revenue $ 827,503 $ 26,018 $ 853,521 $ 561,690 $ 10,795 $ 572,485
Contract liabilities represent payments or consideration received in advance for goods or services that the Company has not yet transferred to the customer. Contract liabilities consist primarily of deferred revenue for fees collected in advance for membership dues, enrollment fees, personal training and other center services offerings, as well as our media and athletic events. Contract liabilities at June 30, 2022 and December 31, 2021 were $43.2 million and $35.9 million, respectively.
Contract liabilities that will be recognized within one year are classified as deferred revenue in our condensed consolidated balance sheets. Deferred revenue at June 30, 2022 and December 31, 2021 was $41.2 million and $33.9 million, respectively, and consists primarily of prepaid membership dues, personal training and other in-center services, and enrollment fees. The $7.3 million increase was primarily driven by registrations received for future personal training sessions, kids summer camps and beach club access.
Contract liabilities that will be recognized in a future period greater than one year are classified as a component of Other liabilities in our condensed consolidated balance sheets. Long-term contract liabilities at both June 30, 2022 and December 31, 2021 were $2.0 million and consist primarily of deferred enrollment fees.