v3.26.1
Deferred Revenue from Membership Upgrades and Deferred Commission Expense
 6 Months Ended
Jun. 30, 2026
Revenue from Contract with Customer [Abstract]  
Deferred Revenue from Membership Upgrades and Deferred Commission Expense Deferred Revenue from Membership Upgrades and Deferred Commission Expense
The components of the change in Deferred revenue from membership upgrades and Deferred commission expense were as follows:
As of June 30,
(amounts in thousands)
20262025
Deferred revenue, beginning$211,171 $218,164 
Deferred membership upgrade revenue2,022 4,246 
Revenue recognized from membership upgrades(7,456)(6,572)
Net increase (decrease) in deferred revenue(5,434)(2,326)
Deferred revenue, ending (1)
$205,737 $215,838 
Deferred commission expense, beginning$58,149 $56,516 
Deferred commission expense2,608 3,603 
Commission expense recognized(3,383)(2,271)
Net increase (decrease) in deferred commission expense(775)1,332 
Deferred commission expense, ending$57,374 $57,848 
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(1)Included in Deferred membership revenue on the Consolidated Balance Sheets.