Segment Information (Tables)

12 Months Ended

Dec. 31, 2023

Segment Reporting [Abstract]

Reconciliation of income statement items from reportable segments

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

	Year Ended December 31,
(in thousands)	2023			2022			2021
Revenue:
Pursuit	$	350,285		$	299,327		$	187,048
GES:
Spiro		283,171			277,641			116,587
GES Exhibitions		614,418			557,880			209,529
GES intersegment eliminations		(9,194	)		(7,537	)		(5,824	)
Total GES		888,395			827,984			320,292
Total revenue	$	1,238,680		$	1,127,311		$	507,340
Segment operating income (loss):
Pursuit	$	53,381		$	24,031		$	4,609
GES:
Spiro		23,723			23,133			(9,556	)
GES Exhibitions		31,339			21,780			(42,055	)
Total GES		55,062			44,913			(51,611	)
Segment operating income (loss)		108,443			68,944			(47,002	)
Corporate eliminations (1)		59			67			70
Corporate activities		(14,040	)		(13,418	)		(11,689	)
Gain on sale of ON Services		(204	)		19,637			—
Interest expense, net		(47,978	)		(34,891	)		(28,324	)
Other expense, net		(2,033	)		(2,077	)		(2,070	)
Restructuring charges:
Pursuit		(199	)		(55	)		(85	)
Spiro		(329	)		(1,015	)		(575	)
GES Exhibitions		(646	)		(1,960	)		(5,361	)
Corporate		—			(29	)		(45	)
Impairment charges:
GES Exhibitions		—			(583	)		—
Income (loss) from continuing operations before income taxes	$	43,073		$	34,620		$	(95,081	)

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.

Reconciliation of assets from reportable segments

Additional information of our reportable segments is as follows:

	December 31,
(in thousands)	2023		2022		2021
Depreciation:
Pursuit	$	32,937	$	31,075	$	27,360
Spiro		1,922		3,599		4,769
GES Exhibitions		7,280		8,315		11,550
Corporate		85		43		34
	$	42,224	$	43,032	$	43,713
Amortization:
Pursuit	$	4,907	$	5,021	$	5,108
Spiro		258		242		509
GES Exhibitions		3,654		4,188		4,420
	$	8,819	$	9,451	$	10,037
Capital expenditures:
Pursuit	$	62,339	$	56,775	$	54,325
Spiro		3,309		2,923		578
GES Exhibitions		10,337		7,342		2,557
Corporate and other		104		130		476
	$	76,089	$	67,170	$	57,936

Financial information by major geographic area

The table below presents the financial information by major geographic area:

	December 31,
(in thousands)	2023		2022		2021
Revenue:
United States	$	693,097	$	703,379	$	312,265
EMEA		279,892		207,339		96,603
Canada		265,691		216,593		98,472
Total revenue	$	1,238,680	$	1,127,311	$	507,340
Long-lived assets:
United States	$	235,421	$	190,917	$	179,756
EMEA		72,651		85,680		91,877
Canada		301,866		290,438		294,193
Total long-lived assets	$	609,938	$	567,035	$	565,826