Stockholders' Equity (Tables)

6 Months Ended

Jun. 30, 2015

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 six months ended June 30, 2015 and 2014:



(in thousands)	Total Viad Stockholders’ Equity			Noncontrolling Interest			Total Stockholders’ Equity
Balance at December 31, 2014	$	335,387		$	12,315		$	347,702
Net income (loss)	20,333			(173		)	20,160
Dividends on common stock	(4,008		)	—			(4,008		)
Common stock purchased for treasury	(5,969		)	—			(5,969		)
Employee benefit plans	4,790			—			4,790
Unrealized foreign currency translation adjustment	(11,626		)	—			(11,626		)
Tax benefits from share-based compensation	232			—			232
Other changes to accumulated other comprehensive income	298			—			298
Other	(1		)	(1		)	(2		)
Balance at June 30, 2015	$	339,436		$	12,141		$	351,577



(in thousands)	Total Viad Stockholders’ Equity			Noncontrolling Interest		Total Stockholders’ Equity
Balance at December 31, 2013	$	347,441		$	9,102	$	356,543
Net income	28,624			2,404		31,028
Dividends on common stock	(34,534		)	—		(34,534		)
Common stock purchased for treasury	(11,610		)	—		(11,610		)
Employee benefit plans	4,004			—		4,004
Unrealized foreign currency translation adjustment	(151		)	—		(151		)
Unrealized gain on investments	50			—		50
ESOP allocation adjustment	44			—		44
Other	36			—		36
Balance at June 30, 2014	$	333,904		$	11,506	$	345,410

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 Prior Service Credit, Net			Accumulated Other Comprehensive Income
Balance at December 31, 2014	$	471		$	12,415		$	(13,280	)	$	(394	)
Other comprehensive income (loss) before reclassifications	168			(11,626		)	—			(11,458		)
Amounts reclassified from AOCI, net of tax	(34		)	—			(31		)	(65		)
Net other comprehensive income (loss)	134			(11,626		)	(31		)	(11,523		)
Balance at June 30, 2015	$	605		$	789		$	(13,311	)	$	(11,917	)

Reclassification out of Accumulated Other Comprehensive Income

The following table presents information about reclassification adjustments out of AOCI for the six months ended June 30:



							Affected Line Item in the Statement Where Net Income is Presented
(in thousands)	2015			2014
Unrealized gains on investments	$	54		$	40		Interest income
Tax effect	(20		)	(15		)	Income taxes
	$	34		$	25

Recognized net actuarial loss⁽¹⁾	$	(345	)	$	(413	)
Amortization of prior service credit⁽¹⁾	275			353
Tax effect	101			23			Income taxes
	$	31		$	(37	)

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