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Segment Information
 6 Months Ended
Jun. 30, 2012
Segment Information [Abstract]  
Segment Information

Note 17. Segment Information

Viad measures profit and performance of its operations on the basis of segment operating income which excludes restructuring charges and recoveries and impairment losses and recoveries. Intersegment sales are eliminated in consolidation and intersegment transfers are not significant. Corporate activities include expenses not allocated to operations. Depreciation and amortization and share-based compensation expense are the only significant non-cash items for the reportable segments. Disclosures regarding Viad’s reportable segments with reconciliations to consolidated totals are as follows:

 

                                 
    Three months ended June 30,     Six months ended June,  
    2012     2011     2012     2011  
    (in thousands)  

Revenues:

                                

Marketing & Events Group:

                                

U.S.

   $ 165,472     $ 150,170     $ 372,346     $ 381,865  

International

     54,659       66,973       112,437       120,927  

Intersegment eliminations

     (3,190 )      (2,408 )      (5,798 )      (3,719 ) 
   

 

 

    

 

 

    

 

 

    

 

 

  
      216,941       214,735       478,985       499,073  

Travel & Recreation Group

     29,509       23,957       36,237       29,717  
   

 

 

    

 

 

    

 

 

    

 

 

  
    $ 246,450     $ 238,692     $ 515,222     $ 528,790  
   

 

 

    

 

 

    

 

 

    

 

 

  

Segment operating income (loss):

                                

Marketing & Events Group:

                                

U.S.

   $ 5,572     $ 205     $ 12,820     $ 18,139  

International

     2,348       6,650       6,205       10,435  
   

 

 

    

 

 

    

 

 

    

 

 

  
      7,920       6,855       19,025       28,574  

Travel & Recreation Group

     2,578       3,007       (2,994 )      (1,453 ) 
   

 

 

    

 

 

    

 

 

    

 

 

  
      10,498       9,862       16,031       27,121  

Corporate activities

     (2,187 )      (1,576 )      (3,964 )      (2,847 ) 
   

 

 

    

 

 

    

 

 

    

 

 

  
      8,311       8,286       12,067       24,274  

Interest income

     123       176       292       390  

Interest expense

     (302 )      (380 )      (660 )      (792 ) 

Restructuring charges:

                                

Marketing & Events U.S.

     (484 )      (1,206 )      (2,487 )      (1,475 ) 

Marketing & Events International

     (181 )      —         (403 )      —    

Corporate

     (13 )      —         (13 )      —    
   

 

 

    

 

 

    

 

 

    

 

 

  

Income before income taxes

   $ 7,454     $ 6,876     $ 8,796     $ 22,397  
   

 

 

    

 

 

    

 

 

    

 

 

  

 

                 
    June 30,
2012		     December 31,
2011		  
    (in thousands)  

Assets:

                

Marketing & Events U.S.

   $ 242,633     $ 213,843  

Marketing & Events International

     95,201       96,996  

Travel & Recreation Group

     214,417       194,278  

Corporate and other

     105,843       112,711  
   

 

 

    

 

 

  
    $ 658,094     $ 617,828