Common Stock Repurchases

12 Months Ended

Dec. 31, 2014

Equity [Abstract]

Common Stock Repurchases

Common Stock Repurchases

In December 2012, Viad announced the authorization of its Board of Directors to repurchase shares of the Company’s common stock from time to time at prevailing market prices. During 2014, Viad repurchased 448,436 shares on the open market for $10.6 million. No shares were repurchased on the open market during 2013. As of December 31, 2014, 582,002 shares remain available for repurchase. Additionally, during 2014, 2013 and 2012, the Company withheld 72,996 shares at a cost of $1.8 million, 50,156 shares at a cost of $1.3 million and 56,885 shares at a cost of $1.1 million, respectively, related to tax withholding requirements on share-based awards.

As part of the Company’s share repurchase program, in February 2015, the Company repurchased141,462 shares on the open market at a total cost of approximately $3.8 million. Refer to Note 26, Subsequent Event.