| 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:
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Three Months Ended
June 30, |
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Six Months Ended
June 30, |
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| (in thousands) |
2024 |
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2023 |
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2024 |
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2023 |
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| United States |
$ |
827,839
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$ |
763,646 |
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$ |
1,521,699
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$ |
1,372,654 |
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| Other countries |
64,081
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|
57,104 |
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118,570
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|
106,111 |
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| Total Revenues |
$ |
891,920
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$ |
820,750 |
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$ |
1,640,269
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$ |
1,478,765 |
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Revenue from external customers, classified by significant product and service offerings, was as follows:
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Three Months Ended
June 30, |
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Six Months Ended
June 30, |
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| (in thousands) |
2024 |
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2023 |
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2024 |
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2023 |
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| Residential revenue |
$ |
408,414
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$ |
384,087 |
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$ |
737,752
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$ |
666,844 |
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| Commercial revenue |
287,770
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261,900 |
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545,884
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493,607 |
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| Termite completions, bait monitoring, & renewals |
186,024
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|
166,398 |
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338,084
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302,529 |
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| Franchise revenues |
4,445
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|
4,304 |
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8,406
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8,093 |
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| Other revenues |
5,267
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4,061 |
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10,143
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7,692 |
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| Total Revenues |
$ |
891,920
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$ |
820,750 |
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$ |
1,640,269
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$ |
1,478,765 |
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| Schedule of Changes in Unearned Revenue |
Changes in unearned revenue were as follows:
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Three Months Ended
June 30, |
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Six Months Ended
June 30, |
| (in thousands) |
2024 |
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2023 |
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2024 |
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2023 |
| Beginning balance |
$ |
222,967
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$ |
198,154 |
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$ |
210,059
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$ |
187,994 |
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| Deferral of unearned revenue |
74,369
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|
77,911 |
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|
149,165
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|
143,537 |
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| Recognition of unearned revenue |
(63,437) |
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(57,791) |
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(125,325) |
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(113,257) |
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| Ending balance |
$ |
233,899
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$ |
218,274 |
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$ |
233,899
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$ |
218,274 |
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