Quarterly report pursuant to Section 13 or 15(d)

Revenue

v3.23.2
Revenue
 6 Months Ended
Jun. 30, 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 three and six months ended June 30, 2023 and 2022:
Three Months Ended
June 30,		 Six Months Ended
June 30,
2023 2022 2023 2022
Membership dues and enrollment fees $ 387,115  $ 309,262  $ 744,603 $ 581,178
In-center revenue 155,010  136,620  295,274 246,325
Total center revenue 542,125  445,882  1,039,877 827,503
Other revenue 19,606  15,385  32,705 26,018
Total revenue $ 561,731  $ 461,267  $ 1,072,582 $ 853,521
The timing associated with the revenue we recognized during the three months ended June 30, 2023 and 2022 is as follows:
Three Months Ended June 30, 2023 Three Months Ended June 30, 2022
Center
Revenue		 Other
Revenue		 Total
Revenue		 Center
Revenue		 Other
Revenue		 Total
Revenue
Goods and services transferred over time $ 476,332 $ 19,606 $ 495,938 $ 384,898 $ 15,385 $ 400,283
Goods and services transferred at a point in time 65,793 — 65,793 60,984 — 60,984
Total revenue $ 542,125 $ 19,606 $ 561,731 $ 445,882 $ 15,385 $ 461,267
The timing associated with the revenue we recognized during the six months ended June 30, 2023 and 2022 is as follows:
Six Months Ended June 30, 2023 Six Months Ended June 30, 2022
Center
Revenue		 Other
Revenue		 Total
Revenue		 Center
Revenue		 Other
Revenue		 Total
Revenue
Goods and services transferred over time $ 915,349 $ 32,705 $ 948,054 $ 717,885 $ 26,018 $ 743,903
Goods and services transferred at a point in time 124,528 — 124,528 109,618 — 109,618
Total revenue $ 1,039,877 $ 32,705 $ 1,072,582 $ 827,503 $ 26,018 $ 853,521
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 June 30, 2023 and December 31, 2022 were $43.5 million and $38.9 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, 2023 and December 31, 2022 was $41.3 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 condensed consolidated balance sheets. Long-term contract liabilities at June 30, 2023 and December 31, 2022 were $2.2 million and $2.0 million, respectively, and consist primarily of deferred enrollment fees.