Quarterly report pursuant to Section 13 or 15(d)

Revenue Recognition (Tables)

v3.19.2
Revenue Recognition (Tables)
6 Months Ended
Jun. 30, 2019
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue
The following table presents our revenues disaggregated by major revenue source. Sales and usage-based taxes are excluded from revenues.
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2019
 
2018
 
2019
 
2018
 
(in thousands)
On demand
 
 
 
 
 
 
 
Property management
$
51,003

 
$
46,523

 
$
100,917

 
$
91,842

Resident services
101,205

 
85,330

 
198,009

 
162,507

Leasing and marketing
46,808

 
42,841

 
91,078

 
82,257

Asset optimization
36,169

 
32,251

 
71,700

 
63,639

Total on demand revenue
235,185

 
206,945

 
461,704

 
400,245

 
 
 
 
 
 
 
 
Professional and other
8,676

 
9,307

 
16,463

 
17,308

Total revenue
$
243,861

 
$
216,252

 
$
478,167

 
$
417,553


Capitalized Contract Cost Below is a summary of our capitalized commissions costs and their respective locations in the accompanying Condensed Consolidated Balance Sheets:
 
Balance Sheet Location
 
June 30, 2019
 
December 31, 2018
 
 
 
(in thousands)
Capitalized commissions costs - current
Other current assets
 
$
8,746

 
$
6,679

Capitalized commissions costs - noncurrent
Other assets
 
8,588

 
7,757

Total capitalized commissions costs
 
 
$
17,334

 
$
14,436