Restructuring Charges

12 Months Ended

Dec. 31, 2023

Restructuring and Related Activities [Abstract]

Restructuring Charges

Note 20. Restructuring Charges

GES

As part of our efforts to drive efficiencies and simplify our business operations, we took certain restructuring actions designed to simplify and transform GES for greater profitability. These initiatives resulted in restructuring charges related to the elimination of certain positions and continuing to reduce our facility footprint at GES.

Other Restructurings

We recorded restructuring charges in connection with certain reorganization activities within Pursuit. These charges primarily consist of severance and related benefits due to headcount reductions.

Changes to the restructuring liability by major restructuring activity are as follows:

	GES						Other Restructurings
(in thousands)	Severance & Employee Benefits			Facilities			Severance & Employee Benefits			Total
Balance at December 31, 2020	$	2,440		$	2,766		$	24		$	5,230
Restructuring charges		1,829			4,107			130			6,066
Cash payments		(2,302	)		(3,506	)		(91	)		(5,899	)
Non-cash items(1)		—			(1,906	)		—			(1,906	)
Adjustment to liability		9			(28	)		(37	)		(56	)
Balance at December 31, 2021		1,976			1,433			26			3,435
Restructuring charges		624			2,351			84			3,059
Cash payments		(988	)		(863	)		(83	)		(1,934	)
Non-cash items(1)		—			(1,167	)		—			(1,167	)
Adjustment to liability		(3	)		64			(15	)		46
Balance at December 31, 2022		1,609			1,818			12			3,439
Restructuring charges		648			327			199			1,174
Cash payments		(623	)		(807	)		(213	)		(1,643	)
Adjustment to liability		—			40			2			42
Balance at December 31, 2023	$	1,634		$	1,378		$	—		$	3,012

(1)Represents non-cash adjustments related to a write-down of certain ROU assets and leasehold improvements as a result of vacating certain facilities prior to the lease term during the year ended December 31, 2022 and a write down of certain ROU assets as a result of vacating certain facilities prior to the lease term during the year ended December 31, 2021.

As of December 31, 2023, $1.5 million of the liabilities related to severance & employee benefits and $1.1 million of liabilities related to facilities will remain unpaid by the end of 2024. The liabilities related to facilities primarily include dilapidations and non-lease expenses that will be paid over the remaining lease terms. Refer to Note 24 – Segment Information for information regarding restructuring charges by segment.