Stockholders' Equity

9 Months Ended

Sep. 30, 2011

Stockholders' Equity [Abstract]

Stockholders' Equity

Note 9. 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, 2011:

	Total Viad					Total
	Stockholders’			Noncontrolling		Stockholders’
	Equity			Interest		Equity
	(in thousands)
Balance at January 1, 2011	$	378,959		$	7,752	$	386,711
Net income		15,517			675		16,192
Dividends on common stock		(2,435	)		—		(2,435	)
Common stock purchased for treasury		(5,230	)		—		(5,230	)
Employee benefit plans		2,800			—		2,800
Unrealized foreign currency translation adjustment		(7,460	)		—		(7,460	)
Unrealized gain on investments		(99	)		—		(99	)
Prior service credit and net actuarial loss		(133	)		—		(133	)
ESOP allocation adjustment		920			—		920
Other		4			—		4
Balance at September 30, 2011	$	382,843		$	8,427	$	391,270

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, 2010:

	Total Viad					Total
	Stockholders’			Noncontrolling		Stockholders’
	Equity			Interest		Equity
	(in thousands)
Balance at January 1, 2010	$	377,515		$	7,116	$	384,631
Net income		4,842			766		5,608
Dividends on common stock		(2,466	)		—		(2,466	)
Common stock purchased for treasury		(6,906	)		—		(6,906	)
Employee benefit plans		2,621			—		2,621
Unrealized foreign currency translation adjustment		2,783			—		2,783
Unrealized loss on investments		78			—		78
Prior service credit and net actuarial loss		(1,658	)		—		(1,658	)
ESOP allocation adjustment		1,100			—		1,100
Other		10			—		10
Balance at September 30, 2010	$	377,919		$	7,882	$	385,801

Viad has announced its intent to repurchase shares of the Company’s common stock from time to time at prevailing market prices. During the three months ended September 30, 2011 and 2010, Viad repurchased 250,760 shares for $4.6 million and 356,300 shares for $6.3 million, respectively. As of September 30, 2011, 53,621 shares remain available for repurchase from the announced authorization. Additionally, during the nine months ended September 30, 2011 and 2010, the Company repurchased 28,627 shares for $679,000 and 28,407 shares for $573,000, respectively, related to tax withholding requirements on share-based awards.