Property and Equipment

9 Months Ended

Sep. 30, 2013

Property Plant And Equipment [Abstract]

Note 6. Property and Equipment

During the three months ended September 30, 2013, Viad sold a facility and the land upon which it was situated within the Marketing & Events Group for $12.7 million (net of selling costs). Viad recorded a gain on the sale of the facility and related land of $4.8 million.

Property and equipment consisted of the following:


	September 30,			December 31,
	2013			2012
	(in thousands)
Land and land interests	$	23,951		$	26,124
Buildings and leasehold improvements		137,932			137,293
Equipment and other		308,836			310,448

		470,719			473,865
Accumulated depreciation		(281,119	)		(276,567	)

Property and equipment, net	$	189,600		$	197,298

Depreciation expense for the three months ended September 30, 2013 and 2012, was $7.1 million and $8.4 million, respectively, and for the nine months ended September 30, 2013 and 2012, was $20.8 million and $23.1 million, respectively.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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