Quarterly report pursuant to Section 13 or 15(d)

REVENUES

v3.19.3
REVENUES
9 Months Ended
Sep. 30, 2019
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 September 30, 2019
 
Nine Months Ended September 30, 2019
 
 
Ent. golf venues
 
Public golf properties
 
Private golf properties
 
Managed golf properties (A)
 
Total
 
Ent. golf venues
 
Public golf properties
 
Private golf properties
 
Managed golf properties (A)
 
Total
Golf operations
 
$
1,431

 
$
30,258

 
$
11,902

 
$
17,206

 
$
60,797

 
$
2,720

 
$
76,624

 
$
40,707

 
$
42,838

 
$
162,889

Sales of food and beverages
 
2,256

 
9,053

 
2,576

 

 
13,885

 
4,167

 
24,646

 
8,547

 

 
37,360

Total revenues
 
$
3,687

 
$
39,311

 
$
14,478

 
$
17,206

 
$
74,682

 
$
6,887

 
$
101,270

 
$
49,254

 
$
42,838

 
$
200,249


 
 
Three Months Ended September 30, 2018
 
Nine Months Ended September 30, 2018
 
 
Ent. golf venues
 
Public golf properties
 
Private golf properties
 
Managed golf properties (A)
 
Total
 
Ent. golf venues
 
Public golf properties
 
Private golf properties
 
Managed golf properties (A)
 
Total
Golf operations
 
$
710

 
$
34,689

 
$
25,362

 
$
8,167

 
$
68,928

 
$
1,565

 
$
91,668

 
$
78,202

 
$
20,197

 
$
191,632

Sales of food and beverages
 
830

 
10,757

 
6,904

 

 
18,491

 
1,782

 
30,271

 
21,398

 

 
53,451

Total revenues
 
$
1,540

 
$
45,446

 
$
32,266

 
$
8,167

 
$
87,419

 
$
3,347

 
$
121,939

 
$
99,600

 
$
20,197

 
$
245,083


(A)
Includes $15.7 million and $38.5 million for the three and nine months ended September 30, 2019, respectively, and $7.4 million and $18.2 million for the three and nine months ended September 30, 2018, respectively, due to management contract reimbursements reported under the new revenue standard.