Segment Information

12 Months Ended

Dec. 31, 2012

Segment Information [Abstract]

Segment Information

Note 19. 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 charges 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. No reportable segment has a client comprising more than 5.2 percent of that segment’s revenues, and no client comprises more than 3.1 percent of Viad’s revenues. Disclosures regarding Viad’s reportable segments with reconciliations to consolidated totals are as follows:

	2012			2011			2010
	(in thousands)
Revenues:
Marketing & Events Group:
U.S.	$	676,772		$	631,360		$	570,978
International		240,137			218,639			197,787
Intersegment eliminations		(14,869	)		(9,449	)		(12,281	)
		902,040			840,550			756,484
Travel & Recreation Group		123,191			101,814			88,277
	$	1,025,231		$	942,364		$	844,761
Segment operating income (loss):
Marketing & Events Group:
U.S.	$	5,579		$	(6,269	)	$	(15,217	)
International		12,321			11,449			10,088
		17,900			5,180			(5,129	)
Travel & Recreation Group		23,962			20,196			19,885
		41,862			25,376			14,756
Corporate activities		(9,408	)		(7,682	)		(6,422	)
		32,454			17,694			8,334
Interest income		593			779			584
Interest expense		(1,303	)		(1,511	)		(1,835	)
Restructuring charges:
Marketing & Events U.S.		(3,479	)		(3,756	)		(3,232	)
Marketing & Events International		(1,373	)		—			(448	)
Travel & Recreation Group		(79	)		—			(235	)
Corporate		(11	)		(26	)		(307	)
Impairment losses:
Travel & Recreation Group		—			—			(302	)
Income from continuing operations before income taxes	$	26,802		$	13,180		$	2,559

	2012		2011		2010
	(in thousands)
Assets:
Marketing & Events Group:
U.S.	$	203,145	$	213,843	$	235,965
International		100,387		96,996		83,441
Travel & Recreation Group		223,199		194,278		157,562
Corporate and other		123,846		112,711		139,535
	$	650,577	$	617,828	$	616,503
Depreciation and amortization:
Marketing & Events Group:
U.S.	$	17,643	$	17,247	$	17,887
International		5,162		5,027		4,486
Travel & Recreation Group		7,781		6,674		5,648
Corporate and other		145		178		231
	$	30,731	$	29,126	$	28,252
Capital expenditures:
Marketing & Events Group:
U.S.	$	7,525	$	11,692	$	9,050
International		4,913		5,635		4,776
Travel & Recreation Group		15,201		3,271		3,214
Corporate and other		36		940		—
	$	27,675	$	21,538	$	17,040

Products and Services. Viad’s revenues for each group of products and services are presented in the following table:

	2012		2011		2010
	(in thousands)
Revenues:
Exhibition and event services	$	726,429	$	670,054	$	590,444
Exhibits and environments		175,611		170,496		166,040
Travel and recreation services		123,191		101,814		88,277
Total revenues	$	1,025,231	$	942,364	$	844,761

Geographic Areas. Viad’s foreign operations are located principally in Canada, the United Kingdom, Germany and the United Arab Emirates. Marketing & Events Group revenues are designated as domestic or foreign based on the originating location of the product or service. Long-lived assets are attributed to domestic or foreign based principally on the physical location of the assets. Long-lived assets consist of “Property and equipment, net” and “Other investments and assets.” The table below presents the financial information by major geographic area:

	2012		2011		2010
	(in thousands)
Revenues:
United States	$	700,414	$	660,998	$	590,163
Canada		151,070		140,374		136,066
United Kingdom		153,027		124,208		93,092
Other international		20,720		16,784		25,440
Total revenues	$	1,025,231	$	942,364	$	844,761
Long-lived assets:
United States	$	141,727	$	145,217	$	117,751
Canada		76,067		47,624		51,182
United Kingdom		9,757		8,165		8,295
Other international		2,163		3,858		3,481
Total long-lived assets	$	229,714	$	204,864	$	180,709