Goodwill and Other Intangible Assets

12 Months Ended

Dec. 31, 2011

Impairment Losses/Goodwill and Other Intangible Assets [Abstract]

Goodwill and Other Intangible Assets

Note 8. Goodwill and Other Intangible Assets

As discussed in Note 3 above, Viad recorded impairment losses of $98.3 million related to goodwill during 2009 at the Marketing & Events Group. During 2010, Viad recorded impairment losses of $185,000 related to other intangible assets at the Travel & Recreation Group. During 2009, Viad recorded impairment losses of $14.0 million related to other intangible assets at the Marketing & Events Group.

As of December 31, 2011, Viad had cumulative goodwill impairment losses of $225.2 million since the adoption of the goodwill impairment testing provisions of ASC Topic 350.

The changes in the carrying amount of goodwill were as follows:

		$,000000		$,000000			$,000000			$,000000
	Marketing & Events U.S.		Marketing & Events International			Travel & Recreation Group			Total
			(in thousands)
Balance at January 1, 2010	$	62,686	$	22,472		$	39,773		$	124,931
Foreign currency translation adjustments		—		(17	)		2,527			2,510
Balance at December 31, 2010		62,686		22,455			42,300			127,441
Business acquisitions		—		—			7,645			7,645
Foreign currency translation adjustments		—		(257	)		(1,135	)		(1,392	)
Balance at December 31, 2011	$	62,686	$	22,198		$	48,810		$	133,694

A summary of other intangible assets as of December 31, 2011 is presented below:

	Gross Carrying Value		Accumulated Amortization			Net Carrying Value
			(in thousands)
Amortized intangible assets:
Customer contracts and relationships	$	3,122	$	(1,736	)	$	1,386
Other		68		(30	)		38
		3,190		(1,766	)		1,424
Unamortized intangible assets:
Business licenses		460		—			460
Total	$	3,650	$	(1,766	)	$	1,884

A summary of amortized other intangible assets as of December 31, 2010 is presented below:

	Gross Carrying Value		Accumulated Amortization			Net Carrying Value
			(in thousands)
Customer contracts and relationships	$	2,506	$	(1,135	)	$	1,371
Proprietary technology		517		(448	)		69
Design libraries		175		(110	)		65
Other		166		(108	)		58
Total	$	3,364	$	(1,801	)	$	1,563

Intangible asset amortization expense for 2011, 2010 and 2009 was $772,000, $954,000 and $1.8 million, respectively. The weighted-average amortization period of customer contracts and relationships and other amortizable intangible assets is approximately 3.3 years and 5.8 years, respectively. Estimated amortization expense related to amortized intangible assets for future years is expected to be as follows:

	(in thousands)
2012	$	539
2013	$	498
2014	$	237
2015	$	90
2016 and thereafter	$	60