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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenue:        
Total revenue $ 382,721 $ 233,599 $ 879,284 $ 323,767
Costs and expenses:        
Corporate activities   3,093   8,104
Interest expense, net 10,252 9,518 23,890 20,168
Other expense, net 280 466 1,530 1,563
Restructuring charges   2,186 3,467 5,799
Impairment charges   0   0
Total costs and expenses   208,743   392,466
Income (loss) from continuing operations before income taxes 50,669 24,856 40,938 (68,699)
Income tax expense   5,329   118
Income (loss) from continuing operations   19,527   (68,817)
Income (loss) from discontinued operations   248   534
Net income (loss)   19,775   (68,283)
Net (income) loss attributable to non-redeemable noncontrolling interest   (5,004) (3,031) (3,049)
Net loss attributable to redeemable noncontrolling interest   296 354 1,221
Net income (loss) attributable to Viad $ 38,121 $ 15,067 $ 28,959 $ (70,111)
Diluted income (loss) per common share:        
Continuing operations attributable to Viad common stockholders   $ 0.45   $ (3.80)
Discontinued operations attributable to Viad common stockholders   0.01   0.03
Net income (loss) attributable to Viad common stockholders [1] $ 1.29 $ 0.46 $ 0.79 $ (3.77)
Weighted-average outstanding and potentially dilutive common shares 20,889 20,742 20,781 20,396
Basic income (loss) per common share:        
Continuing operations attributable to Viad common stockholders   $ 0.45   $ (3.80)
Discontinued operations attributable to Viad common stockholders   0.01   0.03
Net income (loss) attributable to Viad common stockholders $ 1.30 $ 0.46 $ 0.80 $ (3.77)
Weighted-average outstanding common shares 20,612 20,420 20,567 20,396
Amounts attributable to Viad        
Income (loss) from continuing operations   $ 14,819   $ (70,645)
Income (loss) from discontinued operations   248   534
Net income (loss)   15,067   (70,111)
As Restated        
Revenue:        
Total revenue $ 382,721   $ 879,284  
Costs and expenses:        
Corporate activities 3,768   9,881  
Interest expense, net 10,252   23,890  
Other expense, net 280   1,530  
Restructuring charges 1,387   3,467  
Impairment charges 0   583  
Total costs and expenses 332,052   838,346  
Income (loss) from continuing operations before income taxes 50,669   40,938  
Income tax expense 8,810   9,587  
Income (loss) from continuing operations 41,859   31,351  
Income (loss) from discontinued operations (42)   285  
Net income (loss) 41,817   31,636  
Net (income) loss attributable to non-redeemable noncontrolling interest (3,784)   (3,031)  
Net loss attributable to redeemable noncontrolling interest 88   354  
Net income (loss) attributable to Viad $ 38,121   $ 28,959  
Diluted income (loss) per common share:        
Continuing operations attributable to Viad common stockholders $ 1.29   $ 0.78  
Discontinued operations attributable to Viad common stockholders 0   0.01  
Net income (loss) attributable to Viad common stockholders $ 1.29   $ 0.79  
Weighted-average outstanding and potentially dilutive common shares 20,889   20,781  
Basic income (loss) per common share:        
Continuing operations attributable to Viad common stockholders $ 1.30   $ 0.79  
Discontinued operations attributable to Viad common stockholders 0   0.01  
Net income (loss) attributable to Viad common stockholders $ 1.30   $ 0.80  
Weighted-average outstanding common shares 20,612   20,567  
Amounts attributable to Viad        
Income (loss) from continuing operations $ 38,163   $ 28,674  
Income (loss) from discontinued operations (42)   285  
Net income (loss) 38,121   28,959  
Services        
Revenue:        
Total revenue   182,964   254,170
Costs and expenses:        
Costs and expenses   150,983   283,403
Services | As Restated        
Revenue:        
Total revenue 306,199   711,468  
Costs and expenses:        
Costs and expenses 251,433   646,564  
Products        
Revenue:        
Total revenue   50,635   69,597
Costs and expenses:        
Costs and expenses   $ 42,497   $ 73,429
Products | As Restated        
Revenue:        
Total revenue 76,522   167,816  
Costs and expenses:        
Costs and expenses $ 64,932   $ 152,431  
[1] Diluted loss per share amount cannot exceed basic loss per share.