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Segment Information (Tables)
9 Months Ended
Sep. 30, 2021
Segment Reporting [Abstract]  
Reconciliation of income statement items from reportable segments

Our reportable segments, with reconciliations to consolidated totals, are as follows:

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

(in thousands)

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Revenue:

 

 

 

 

 

 

 

 

 

 

 

 

GES

 

$

116,044

 

 

$

13,992

 

 

$

160,109

 

 

$

319,930

 

Pursuit

 

 

117,555

 

 

 

48,815

 

 

 

163,658

 

 

 

67,602

 

Total revenue

 

$

233,599

 

 

$

62,807

 

 

$

323,767

 

 

$

387,532

 

Segment operating income (loss):

 

 

 

 

 

 

 

 

 

 

 

 

GES

 

$

(9,499

)

 

$

(18,248

)

 

$

(56,300

)

 

$

(39,450

)

Pursuit

 

 

49,601

 

 

 

11,467

 

 

 

23,183

 

 

 

(26,499

)

Segment operating income (loss)

 

 

40,102

 

 

 

(6,781

)

 

 

(33,117

)

 

 

(65,949

)

Corporate eliminations (1)

 

 

17

 

 

 

16

 

 

 

52

 

 

 

48

 

Corporate activities

 

 

(3,093

)

 

 

(2,645

)

 

 

(8,104

)

 

 

(5,902

)

Interest expense, net

 

 

(9,518

)

 

 

(5,450

)

 

 

(20,168

)

 

 

(14,399

)

Multi-employer pension plan withdrawal

 

 

 

 

 

 

 

 

(57

)

 

 

(462

)

Other expense, net

 

 

(466

)

 

 

(210

)

 

 

(1,506

)

 

 

(894

)

Restructuring (charges) recoveries:

 

 

 

 

 

 

 

 

 

 

 

 

GES

 

 

(2,129

)

 

 

(10,686

)

 

 

(5,699

)

 

 

(11,371

)

Pursuit

 

 

(32

)

 

 

12

 

 

 

(55

)

 

 

(45

)

Corporate

 

 

(25

)

 

 

(585

)

 

 

(45

)

 

 

(954

)

Impairment charges:

 

 

 

 

 

 

 

 

 

 

 

 

GES

 

 

 

 

 

(676

)

 

 

 

 

 

(201,319

)

Pursuit

 

 

 

 

 

 

 

 

 

 

 

(1,757

)

Income (loss) from continuing operations before income taxes

 

$

24,856

 

 

$

(27,005

)

 

$

(68,699

)

 

$

(303,004

)

(1)
Corporate eliminations represent the elimination of depreciation expense recorded by Pursuit associated with previously eliminated intercompany profit realized by GES for renovations to Pursuit’s Banff Gondola.