Stockholders' Equity (Tables)

3 Months Ended

Mar. 31, 2014

Reconciliation of Stockholders' Equity to Noncontrolling Interests

The following represents a reconciliation of the carrying amounts of stockholders’ equity attributable to Viad and the noncontrolling interest for the three months ended March 31, 2014 and 2013:



(in thousands)	Total Viad Stockholders’ Equity			Noncontrolling Interest		Total Stockholders’ Equity
Balance at December 31, 2013	$	347,441		$	9,102	$	356,543
Net income	21,882			2,537		24,419
Dividends on common stock	(32,517		)	—		(32,517		)
Common stock purchased for treasury	(1,042		)	—		(1,042		)
Employee benefit plans	2,052			—		2,052
Unrealized foreign currency translation adjustment	(6,733		)	—		(6,733		)
ESOP allocation adjustment	44			—		44
Other	46			1		47
Balance at March 31, 2014	$	331,173		$	11,640	$	342,813



(in thousands)	Total Viad Stockholders’ Equity			Noncontrolling Interest			Total Stockholders’ Equity
Balance at December 31, 2012	$	388,061		$	8,971		$	397,032
Net income (loss)	8,065			(275		)	7,790
Dividends on common stock	(2,034		)	—			(2,034		)
Common stock purchased for treasury	(1,187		)	—			(1,187		)
Employee benefit plans	1,792			—			1,792
Unrealized foreign currency translation adjustment	(6,128		)	—			(6,128		)
Unrealized gain on investments	61			—			61
Prior service credit and net actuarial loss	41			—			41
ESOP allocation adjustment	250			—			250
Other	1			—			1
Balance at March 31, 2013	$	388,922		$	8,696		$	397,618

Schedule of Accumulated Other Comprehensive Income (Loss)

Changes in accumulated other comprehensive income (“AOCI”) by component were as follows:



(in thousands)	Unrealized Gains on Investments			Cumulative Foreign Currency Translation Adjustments			Unrecognized Net Actuarial Loss and Service Credit			Accumulated Other Comprehensive Income
Balance at December 31, 2013	$	429		$	30,847		$	(11,259	)	$	20,017
Other comprehensive income before reclassifications	22			(6,733		)	—			(6,711		)
Amounts reclassified from AOCI, net of tax	(13		)	—			36			23
Net other comprehensive income (loss)	9			(6,733		)	36			(6,688		)
Balance at March 31, 2014	$	438		$	24,114		$	(11,223	)	$	13,329

Reclassification out of Accumulated Other Comprehensive Income

The following table presents information about reclassification adjustments out of AOCI for the three months ended March 31:



							Affected Line Item in the Statement Where Net Income is Presented
(in thousands)	2014			2013
Unrealized gains on investments	$	21		$	27		Interest income
Tax effect	(8		)	(9		)	Income taxes
	$	13		$	18		Net of tax

Recognized net actuarial loss⁽¹⁾	$	(205	)	$	(290	)
Amortization of prior service credit⁽¹⁾	148			225
Tax effect	21			24			Income taxes
	$	(36	)	$	(41	)	Net of tax

⁽¹⁾ Amount included in pension expense. Refer to Note 16, Pension and Postretirement Benefits.