Stockholders' Equity

9 Months Ended

Sep. 30, 2015

Equity [Abstract]

Stockholders' Equity

Stockholders' Equity

The following represents a reconciliation of the carrying amounts of stockholders’ equity attributable to Viad and the noncontrolling interest for the nine months ended September 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	27,563			515			28,078
Dividends on common stock	(6,020		)	—			(6,020		)
Common stock purchased for treasury	(4,776		)	—			(4,776		)
Employee benefit plans	5,243			—			5,243
Unrealized foreign currency translation adjustment	(23,117		)	—			(23,117		)
Tax benefits from share-based compensation	13			—			13
Other changes to AOCI	209			—			209
Other	—			(1		)	(1		)
Balance at September 30, 2015	$	334,502		$	12,829		$	347,331

(in thousands)	Total Viad Stockholders’ Equity			Noncontrolling Interest		Total Stockholders’ Equity
Balance at December 31, 2013	$	347,441		$	9,102	$	356,543
Net income	58,244			3,355		61,599
Dividends on common stock	(36,374		)	—		(36,374		)
Common stock purchased for treasury	(11,631		)	—		(11,631		)
Employee benefit plans	5,519			—		5,519
Unrealized foreign currency translation adjustment	(9,950		)	—		(9,950		)
Unrealized gain on investments	(17		)	—		(17		)
Employee Stock Ownership Plan allocation adjustment	44			—		44
Other	(32		)	—		(32		)
Balance at September 30, 2014	$	353,244		$	12,457	$	365,701

Changes in AOCI by component are 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 (Loss)
Balance at December 31, 2014	$	471		$	12,416		$	(13,280	)	$	(393	)
Other comprehensive income (loss) before reclassifications	29			(23,117		)	—			(23,088		)
Amounts reclassified from AOCI, net of tax	(49		)	—			22			(27		)
Net other comprehensive income (loss)	(20		)	(23,117		)	22			(23,115		)
Balance at September 30, 2015	$	451		$	(10,701	)	$	(13,258	)	$	(23,508	)

The following table presents information about reclassification adjustments out of AOCI:

	Nine Months Ended September 30,						Affected Line Item in the Statement Where Net Income is Presented
(in thousands)	2015			2014
Unrealized gains on investments	$	79		$	52		Interest income
Tax effect	(30		)	(20		)	Income taxes
	$	49		$	32
Recognized net actuarial loss(1)	$	(569	)	$	(705	)
Amortization of prior service credit(1)	414			757
Tax effect	133			(20		)	Income taxes
	$	(22	)	$	32

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