v3.26.1
DETAILS OF SELECTED BALANCE SHEET ACCOUNTS
 6 Months Ended
Jun. 30, 2026
Balance Sheet Related Disclosures [Abstract]  
DETAILS OF SELECTED BALANCE SHEET ACCOUNTS DETAILS OF SELECTED BALANCE SHEET ACCOUNTS
 
Additional information regarding selected balance sheet accounts at June 30, 2026 and December 31, 2025 is presented below (in thousands):
 
 June 30, 2026December 31, 2025
Accounts receivable, net:  
Trade$88,350 $70,646 
Unbilled revenue18,838 15,273 
Other3,323 4,787 
Total accounts receivable110,511 90,706 
Allowance for credit losses(1,024)(236)
Total accounts receivable, net$109,487 $90,470 

 June 30, 2026December 31, 2025
Inventories:  
Finished goods, including purchased food, housekeeping and retail inventory$4,744 $4,486 
Raw materials1,889 1,732 
Total inventories$6,633 $6,218 

 Estimated
Useful Life
(in years)		June 30, 2026December 31, 2025
Property, plant and equipment, net:     
Land   $31,137 $29,476 
Accommodations assets3—151,385,910 1,410,965 
Buildings and leasehold improvements6—4014,269 13,817 
Machinery and equipment4—714,838 15,047 
Office furniture and equipment3—770,897 69,623 
Vehicles3—57,983 8,309 
Construction in progress   2,713 1,694 
Total property, plant and equipment   1,527,747 1,548,931 
Accumulated depreciation   (1,304,717)(1,304,414)
Total property, plant and equipment, net   $223,030 $244,517 
 June 30, 2026December 31, 2025
Accrued liabilities:  
Accrued compensation$27,420 $24,682 
Accrued taxes, other than income taxes3,914 3,873 
Other994 2,282 
Total accrued liabilities$32,328 $30,837 
 

June 30, 2026December 31, 2025
Contract assets:
Current contract assets (1)
$1,128 $1,363 
Noncurrent contract assets (1)
3,950 2,725 
Total contract assets$5,078 $4,088 
Contract liabilities (Deferred revenue):
Current contract liabilities (2)
$4,058 $2,903 
Noncurrent contract liabilities (2)
1,684 2,908 
Total contract liabilities (Deferred revenue)$5,742 $5,811 


(1)Current contract assets and Noncurrent contract assets are included in "Other current assets" and "Other noncurrent assets," respectively, in our unaudited consolidated balance sheets.
(2)Current contract liabilities and Noncurrent contract liabilities are included in "Deferred revenue" and "Other noncurrent liabilities," respectively, in our unaudited consolidated balance sheets.

Contract assets consists of upfront incentives offered as consideration for entering into multi-year contracts. These incentives are refundable to us if the customer cancels the contract prior to the end of the contracted terms. The contract assets are amortized as a reduction of revenue over the contract term as the related services are provided. The increase in contract assets from December 31, 2025 to June 30, 2026 was due to incentives provided to a customer in Australia, beginning in the first quarter of 2025, in connection with entering into a six-year integrated services contract.

Deferred revenue typically consists of upfront payments received before we satisfy the associated performance obligation. The decrease in deferred revenue from December 31, 2025 to June 30, 2026 was due to revenue recognized over the contracted terms related to advance payments received from a customer for village enhancements in Australia.