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Condensed Consolidated Quarterly Results (Unaudited)

12 Months Ended

Dec. 31, 2012

Condensed Consolidated Quarterly Results (Unaudited) [Abstract]

Condensed Consolidated Quarterly Results (Unaudited)

Note 22. 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
	(in thousands, except per share data)
2012
Revenues:	$	268,772		$	246,450		$	307,457		$	202,552

Operating income (loss):
Ongoing operations ⁽¹⁾	$	5,533		$	10,498		$	34,182		$	(8,351	)
Corporate activities		(1,777	)		(2,187	)		(2,036	)		(3,408	)
Restructuring charges		(2,225	)		(678	)		(608	)		(1,431	)

Operating income (loss)	$	1,531		$	7,633		$	31,538		$	(13,190	)

Income (loss) from continuing operations attributable to Viad⁽²⁾	$	1,027		$	5,451		$	19,976		$	(21,181	)
Net income (loss) attributable to Viad⁽²⁾	$	1,027		$	6,090		$	19,976		$	(21,196	)
Diluted income (loss) per common share ⁽²⁾⁽³⁾:
Income (loss) from continuing operations attributable to Viad	$	0.05		$	0.27		$	0.99		$	(1.07	)
Net income (loss) attributable to Viad	$	0.05		$	0.30		$	0.99		$	(1.07	)
Basic income (loss) per common share ⁽²⁾⁽³⁾:
Income (loss) from continuing operations attributable to Viad	$	0.05		$	0.27		$	0.99		$	(1.07	)
Net income (loss) attributable to Viad	$	0.05		$	0.30		$	0.99		$	(1.07	)


	First			Second			Third			Fourth
	Quarter			Quarter			Quarter			Quarter
	(in thousands, except per share data)
2011
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		(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 ⁽³⁾:
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 ⁽³⁾:
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	)

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

⁽²⁾	The fourth quarter of 2012 includes a tax charge of $13.4 million representing a valuation allowance for certain deferred tax assets associated with foreign tax credit carryforwards.

⁽³⁾	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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