Quarterly report pursuant to Section 13 or 15(d)

REVENUES

v3.20.1
REVENUES
 3 Months Ended
Mar. 31, 2020
Revenue from Contract with Customer [Abstract]  
REVENUES
REVENUES

The majority of the Company’s revenue is recognized at a point in time which is at the time of sale to customers at the Company’s Entertainment Golf venues and Traditional Golf properties, including green fees, cart rentals, bay play, events and sales of food, beverages and merchandise. Revenue from membership dues is recognized in the month earned. Membership dues received in advance are included in deferred revenue and recognized as revenue ratably over the appropriate period, which is generally twelve months or less for private club members and the following month for The Players Club members.

The Company’s revenue is all generated within the Entertainment and Traditional Golf segments. The following tables disaggregate revenue by category: Entertainment golf venues, public and private golf properties (owned and leased) and managed golf properties.
 
 
Three Months Ended March 31, 2020
 
 
Ent. golf venues
 
Public golf properties
 
Private golf properties
 
Managed golf properties (A)
 
Total
Golf operations
 
$
3,910

 
$
16,023

 
$
13,655

 
$
15,037

 
$
48,625

Sales of food and beverages
 
6,207

 
4,285

 
2,018

 
—

 
12,510

Total revenues
 
$
10,117

 
$
20,308

 
$
15,673

 
$
15,037

 
$
61,135


 
 
Three Months Ended March 31, 2019
 
 
Ent. golf venues
 
Public golf properties
 
Private golf properties
 
Managed golf properties (A)
 
Total
Golf operations
 
$
681

 
$
17,464

 
$
15,454

 
$
11,107

 
$
44,706

Sales of food and beverages
 
1,040

 
5,476

 
2,730

 
—

 
9,246

Total revenues
 
$
1,721

 
$
22,940

 
$
18,184

 
$
11,107

 
$
53,952


(A)
Includes $13.3 million for the three months ended March 31, 2020, and $9.8 million for the three months ended March 31, 2019, due to management contract reimbursements reported under ASC 606.