Restructuring Charges

9 Months Ended

Sep. 30, 2011

Note 14. Restructuring Charges

During the nine months ended September 30, 2011, Viad recorded aggregate restructuring charges of $1.6 million primarily related to reorganization activities in the Marketing & Events Group, comprised of the elimination of certain positions as well as facility consolidations. The restructuring liabilities at September 30, 2011 related to future lease payment obligations will be made over the remaining lease terms and severance and employee benefits are expected to be paid by the end of 2011.

The table below represents a reconciliation of beginning and ending liability balances by major restructuring activity for the nine months ended September 30, 2011:


	Marketing & Events
	Group Consolidation						Other Restructurings
	Severance &						Severance &
	Employee						Employee
	Benefits			Facilities			Benefits			Facilities			Total
	(in thousands)

Balance at January 1, 2011	$	1,106		$	5,051		$	197		$	1,642		$	7,996
Restructuring charges		514			1,036			—			—			1,550
Cash payments		(1,509	)		(1,175	)		(197	)		(481	)		(3,362	)
Adjustment to liability		(128	)		—			—			(263	)		(391	)
Foreign currency translation adjustment		17			2			—			—			19

Balance at September 30, 2011	$	—		$	4,914		$	—		$	898		$	5,812