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Segment Information
3 Months Ended
Mar. 31, 2015
Segment Reporting [Abstract]  
Segment Information
Segment Information
Viad’s reportable segments consist of Marketing & Events U.S., Marketing & Events International (together the “Marketing & Events Group”) and the Travel & Recreation Group.
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. Disclosures regarding Viad’s reportable segments with reconciliations to consolidated totals are as follows:
 
Three Months Ended 
 March 31,
(in thousands)
2015
 
2014
Revenue:
 
 
 
Marketing & Events Group:
 
 
 
U.S.
$
192,943

 
$
221,395

International
65,236

 
58,718

Intersegment eliminations
(1,251
)
 
(2,290
)
Total Marketing & Events Group
256,928

 
277,823

Travel & Recreation Group
7,468

 
7,818

Total revenue
$
264,396

 
$
285,641

Segment operating income (loss):

 
 
Marketing & Events Group:
 
 
 
U.S.
$
2,637

 
$
15,851

International
1,047

 
2,319

Total Marketing & Events Group
3,684

 
18,170

Travel & Recreation Group
(4,809
)
 
(4,809
)
Segment operating income (loss)
(1,125
)
 
13,361

Corporate activities
(2,810
)
 
(2,039
)
Operating income (loss)
(3,935
)

11,322

Interest income
63

 
65

Interest expense
(1,151
)
 
(298
)
Restructuring (charges) recoveries:
 
 
 
Marketing & Events U.S.
(88
)
 
38

Marketing & Events International
(138
)
 
(530
)
Travel & Recreation Group
6

 
206

Corporate
4

 
75

Income (loss) from continuing operations before income taxes
$
(5,239
)
 
$
10,878