Quarterly report pursuant to Section 13 or 15(d)

REVENUE (Tables)

v3.23.2
REVENUE (Tables)
6 Months Ended
Jun. 30, 2023
Revenue from Contract with Customer [Abstract]  
Schedule of Revenue by Major Geographic Area, and by Significant Product and Service Offerings
Revenue, classified by the major geographic areas in which our customers are located, was as follows:
Three Months Ended
June 30,
Six Months Ended
June 30,
(in thousands) 2023 2022 2023 2022
United States $ 763,646  $ 661,703  $ 1,372,654  $ 1,208,163 
Other countries 57,104  52,346  106,111  96,566 
Total Revenues $ 820,750  $ 714,049  $ 1,478,765  $ 1,304,729 
Revenue from external customers, classified by significant product and service offerings, was as follows:
Three Months Ended
June 30,
Six Months Ended
June 30,
(in thousands) 2023 2022 2023 2022
Residential revenue $ 385,645  $ 325,311  $ 669,270  $ 584,570 
Commercial revenue 259,964  234,483  490,366  440,270 
Termite completions, bait monitoring, & renewals 166,823  146,781  303,428  266,487 
Franchise revenues 4,303  4,155  8,090  7,892 
Other revenues 4,015  3,319  7,611  5,510 
Total Revenues $ 820,750  $ 714,049  $ 1,478,765  $ 1,304,729 
Schedule of Changes in Unearned Revenue Changes in unearned revenue were as follows:
Three Months Ended June 30, Six Months Ended June 30,
(in thousands) 2023 2022 2023 2022
Beginning balance $ 198,154  $ 180,333  $ 187,994  $ 168,607 
Deferral of unearned revenue 77,911  63,628  143,537  125,263 
Recognition of unearned revenue (57,791) (50,989) (113,257) (100,898)
Ending balance $ 218,274  $ 192,972  $ 218,274  $ 192,972