Segment Information

12 Months Ended

Dec. 31, 2013

Segment Reporting [Abstract]

Segment Information

Segment Information

Viad measures profit and performance of its operations on the basis of segment operating income which excludes restructuring charges and recoveries and impairment charges and recoveries. Intersegment sales are eliminated in consolidation and intersegment transfers are not significant. Corporate activities include expenses not allocated to operations. Depreciation and amortization and share-based compensation expense are the only significant non-cash items for the reportable segments. No reportable segment has a client comprising more than 7.0 percent of that segment’s revenues, and no client comprises more than 4.5 percent of Viad’s revenues. Disclosures regarding Viad’s reportable segments with reconciliations to consolidated totals are as follows:

(in thousands)	2013			2012			2011
Revenues:
Marketing & Events Group:
U.S.	$	628,856		$	676,772		$	631,360
International	229,312			240,137			218,639
Intersegment eliminations	(13,264		)	(14,869		)	(9,449		)
	844,904			902,040			840,550
Travel & Recreation Group	127,888			123,191			101,814
Total Revenue	$	972,792		$	1,025,231		$	942,364
Segment operating income (loss):
Marketing & Events Group:
U.S.	$	11,024		$	5,579		$	(6,269	)
International	9,068			12,321			11,449
	20,092			17,900			5,180
Travel & Recreation Group	25,799			23,962			20,196
	45,891			41,862			25,376
Corporate activities	(6,755		)	(9,408		)	(7,682		)
	39,136			32,454			17,694
Interest income	550			593			779
Interest expense	(1,234		)	(1,303		)	(1,511		)
Restructuring recoveries (charges):
Marketing & Events U.S.	409			(3,479		)	(3,756		)
Marketing & Events International	(2,362		)	(1,373		)	—
Travel & Recreation Group	(907		)	(79		)	—
Corporate	(1,031		)	(11		)	(26		)
Impairment charges:
Marketing & Events U.S.	(658		)	—			—
Marketing & Events International	(294		)	—			—
Travel & Recreation Group	(4,461		)	—			—
Income from continuing operations before income taxes	$	29,148		$	26,802		$	13,180

(in thousands)	2013		2012		2011
Assets:
Marketing & Events Group:
U.S.	$	194,422	$	203,145	$	213,843
International	81,058		100,387		96,996
Travel & Recreation Group	209,611		223,199		194,278
Corporate and other	76,841		123,846		112,711
	$	561,932	$	650,577	$	617,828
Depreciation and amortization:
Marketing & Events Group:
U.S.	$	14,906	$	17,643	$	17,247
International	5,566		5,162		5,027
Travel & Recreation Group	7,967		7,781		6,674
Corporate and other	176		145		178
	$	28,615	$	30,731	$	29,126
Capital expenditures:
Marketing & Events Group:
U.S.	$	8,278	$	7,525	$	11,692
International	4,332		4,913		5,635
Travel & Recreation Group	23,108		15,201		3,271
Corporate and other	401		36		940
	$	36,119	$	27,675	$	21,538

Products and Services. Viad’s revenues for each group of products and services are presented in the following table:

(in thousands)	2013		2012		2011
Revenues:
Exhibition and event services	$	685,350	$	726,429	$	670,054
Exhibits and environments	159,554		175,611		170,496
Travel and recreation services	127,888		123,191		101,814
Total revenues	$	972,792	$	1,025,231	$	942,364

Geographic Areas. Viad’s foreign operations are located principally in Canada, the United Kingdom, Germany and the United Arab Emirates. Marketing & Events Group revenues are designated as domestic or foreign based on the originating location of the product or service. Long-lived assets are attributed to domestic or foreign based principally on the physical location of the assets. Long-lived assets consist of “Property and equipment, net” and “Other investments and assets.” The table below presents the financial information by major geographic area:

(in thousands)	2013		2012		2011
Revenues:
United States	$	656,927	$	700,414	$	660,998
United Kingdom	151,217		153,027		124,208
Canada	148,934		151,070		140,374
Other international	15,714		20,720		16,784
Total revenues	$	972,792	$	1,025,231	$	942,364
Long-lived assets:
United States	$	132,315	$	141,727	$	145,217
Canada	82,986		76,067		47,624
United Kingdom	9,631		9,757		8,165
Other international	424		2,163		3,858
Total long-lived assets	$	225,356	$	229,714	$	204,864