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Condensed Consolidated Quarterly Results (Unaudited)

12 Months Ended

Dec. 31, 2011

Condensed Consolidated Quarterly Results [Abstract]

Condensed Consolidated Quarterly Results (Unaudited)

Note 23. Condensed Consolidated Quarterly Results (Unaudited)

The following quarterly financial information was derived from the Company’s interim financial statements and was prepared in a manner consistent with the annual financial statements and includes all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation.


	First			Second			Third			Fourth
	Quarter			Quarter			Quarter			Quarter
2011	(in thousands, except per share data)
Revenues:	$	290,098		$	238,692		$	216,169		$	197,405

Operating income (loss):
Ongoing operations ⁽¹⁾	$	17,259		$	9,862		$	5,412		$	(7,157	)
Corporate activities		(1,271	)		(1,576	)		(2,356	)		(2,479	)
Restructuring charges ⁽²⁾		(269	)		(1,206	)		(75	)		(2,232	)

Operating income (loss)	$	15,719		$	7,080		$	2,981		$	(11,868	)

Income (loss) from continuing operations attributable to Viad	$	9,787		$	4,485		$	1,245		$	(6,758	)
Net income (loss) attributable to Viad	$	9,787		$	4,485		$	1,245		$	(6,307	)
Diluted income (loss) per common share ⁽⁴⁾:
Income (loss) from continuing operations attributable to Viad	$	0.48		$	0.22		$	0.06		$	(0.35	)
Net income (loss) attributable to Viad	$	0.48		$	0.22		$	0.06		$	(0.32	)
Basic income (loss) per common share ⁽⁴⁾:
Income (loss) from continuing operations attributable to Viad	$	0.48		$	0.22		$	0.06		$	(0.35	)
Net income (loss) attributable to Viad	$	0.48		$	0.22		$	0.06		$	(0.32	)


	First			Second			Third			Fourth
	Quarter			Quarter			Quarter			Quarter
2010	(in thousands, except per share data)
Revenues:	$	224,353		$	218,299		$	215,144		$	186,965

Operating income (loss):
Ongoing operations ⁽¹⁾	$	199		$	7,725		$	9,919		$	(3,087	)
Corporate activities		(644	)		(2,058	)		(1,749	)		(1,971	)
Restructuring charges ⁽²⁾		(2,053	)		(559	)		(183	)		(1,427	)
Impairment losses ⁽³⁾		—			—			—			(302	)

Operating income (loss)	$	(2,498	)	$	5,108		$	7,987		$	(6,787	)

Income (loss) from continuing operations attributable to Viad	$	(2,982	)	$	3,028		$	4,796		$	(4,661	)
Net income (loss) attributable to Viad	$	(2,982	)	$	3,028		$	4,796		$	(4,399	)
Diluted income (loss) per common share ⁽⁴⁾:
Income (loss) from continuing operations attributable to Viad	$	(0.15	)	$	0.15		$	0.23		$	(0.24	)
Net income (loss) attributable to Viad	$	(0.15	)	$	0.15		$	0.23		$	(0.22	)
Basic income (loss) per common share ⁽⁴⁾:
Income (loss) from continuing operations attributable to Viad	$	(0.15	)	$	0.15		$	0.23		$	(0.24	)
Net income (loss) attributable to Viad	$	(0.15	)	$	0.15		$	0.23		$	(0.22	)

(1)	Represents revenues less costs of services and products sold.

(2)	Includes restructuring charges of $3.8 million in 2011 and gross restructuring charges of $5.0 million and $814,000 of reversed restructuring reserves in 2010.

(3)	Viad recorded an impairment charge of $302,000 in the fourth quarter of 2010 related to other intangible assets and property and equipment at Brewster.

(4)	The sum of quarterly income per share amounts may not equal annual income per share due to rounding.

- Definition

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

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