Quarterly report pursuant to Section 13 or 15(d)

REVENUE

v3.23.1
REVENUE
 3 Months Ended
Mar. 31, 2023
Revenue from Contract with Customer [Abstract]  
REVENUE REVENUE
Revenue, classified by the major geographic areas in which our customers are located, was as follows:
Three Months Ended
March 31,
2023 2022
(in thousands)
United States $ 609,311  $ 546,460 
Other countries 48,704  44,220 
Total Revenues $ 658,015  $ 590,680 
Revenue from external customers, classified by significant product and service offerings, was as follows:
Three Months Ended
March 31,
(in thousands) 2023 2022
Residential revenue $ 283,625  $ 259,259 
Commercial revenue 230,402  205,787 
Termite completions, bait monitoring, & renewals 136,605  119,706 
Franchise revenues 3,787  3,737 
Other revenues 3,596  2,191 
Total Revenues $ 658,015  $ 590,680 
Sales and usage-based taxes are excluded from revenues. No sales to an individual customer or in a country other than the United States accounted for 10% or more of the sales for the periods listed in the following table.
The Company records unearned revenue when we have either received payment or contractually have the right to bill for services in advance of the services or performance obligations being performed. Unearned revenue recognized in the three months ended March 31, 2023 and 2022 was $55.5 million and $49.9 million, respectively. Changes in unearned revenue were as follows:
Three Months Ended March 31,
2023 2022
(in thousands)
Beginning balance $ 187,994  $ 168,607 
Deferral of unearned revenue 65,626  61,635 
Recognition of unearned revenue (55,466) (49,909)
Ending balance $ 198,154  $ 180,333 
As of March 31, 2023, and December 31, 2022, the Company had long-term unearned revenue of $30.6 million and $29.9 million, respectively, recorded in other long-term accrued liabilities. Unearned short-term revenue is recognized over the next 12-month period. The majority of unearned long-term revenue is recognized over a period of five years or less with immaterial amounts recognized through 2033.