Annual report pursuant to Section 13 and 15(d)

Revenue

v3.24.0.1
Revenue
 12 Months Ended
Dec. 31, 2023
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 years ended December 31, 2023, 2022 and 2021:
Year Ended December 31,
2023 2022 2021
Membership dues and enrollment fees
 $ 1,557,289  $ 1,251,693  $ 907,111 
In-center revenue
 597,040  517,827  379,523 
Total center revenue
 2,154,329  1,769,520  1,286,634 
Other revenue
 62,264  53,037  31,419 
Total revenue
 $ 2,216,593  $ 1,822,557  $ 1,318,053 
The timing associated with the revenue we recognized during the years ended December 31, 2023, 2022, and 2021 is as follows:
Year Ended December 31,
2023 2022 2021
Center
Revenue		 Other
Revenue		 Total
Revenue		 Center
Revenue		 Other
Revenue		 Total
Revenue		 Center
Revenue		 Other
Revenue		 Total
Revenue
Goods and services transferred over time
 $ 1,904,061  $ 62,264  $ 1,966,325  $ 1,546,276  $ 53,037  $ 1,599,313  $ 1,121,717  $ 31,419  $ 1,153,136 
Goods and services transferred at a point in time
 250,268  —  250,268  223,244  —  223,244  164,917  —  164,917 
Total revenue
 $ 2,154,329  $ 62,264  $ 2,216,593  $ 1,769,520  $ 53,037  $ 1,822,557  $ 1,286,634  $ 31,419  $ 1,318,053 
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, Dynamic Personal Training and other center services offerings, as well as our media and athletic events. Contract liabilities at December 31, 2023 and 2022 were $49.9 million and $38.9 million, respectively.
Contract liabilities that will be recognized within one year are classified as deferred revenue in our consolidated balance sheets. Deferred revenue at December 31, 2023 and 2022 was $49.3 million and $36.9 million, respectively, and consists primarily of prepaid membership dues, enrollment fees, Dynamic Personal Training and other in-center services, as well as media and athletic events.
Contract liabilities that will be recognized in a future period greater than one year are classified as a component of Other liabilities in our consolidated balance sheets. Long-term contract liabilities at December 31, 2023 and 2022 were $0.6 million and $2.0 million, respectively, and consist primarily of deferred enrollment fees.