Acquisition of Businesses (Tables)

3 Months Ended

Mar. 31, 2016

Business Combinations [Abstract]

Schedule of recognized identified assets acquired and liabilities assumed

The following table summarizes the preliminary recording of the fair values of the assets acquired and liabilities assumed as of the acquisition date. Due to the recent timing of the acquisition, the purchase price allocation is not yet finalized and is subject to change within the measurement period (up to one year from the acquisition date) as the assessment of property and equipment, intangible assets, and working capital is finalized.

(in thousands)
Purchase price paid as:
Cash			$	14,962
Fair value of net assets acquired:
Inventories	$	246
Prepaid expenses		2
Property and equipment		4,133
Intangible assets		9,244
Total assets acquired		13,625
Customer deposits		15
Total liabilities assumed		15
Total fair value of net assets acquired				13,610
Excess purchase price over fair value of net assets acquired (“goodwill”)			$	1,352

The following table summarizes the preliminary recording of the fair values of the assets acquired and liabilities assumed as of the acquisition date. Due to the recent timing of the acquisition, the purchase price allocation is not yet finalized and is subject to change within the measurement period (up to one year from the acquisition date) as the assessment of property and equipment, intangible assets, and working capital is finalized.  

(in thousands)
Purchase price paid as:
Cash			$	45,000
Estimated working capital adjustment				54
Cash acquired				(2,196	)
Purchase price, net of cash acquired				42,858
Fair value of net assets acquired:
Accounts receivable	$	8
Inventories		921
Prepaid expenses		82
Property and equipment		43,470
Intangible assets		980
Total assets acquired		45,461
Accounts payable		201
Accrued liabilities		450
Customer deposits		1,952
Total liabilities assumed		2,603
Total fair value of net assets acquired				42,858
Excess purchase price over fair value of net assets acquired (“goodwill”)			$	—

Unaudited pro forma results of operations attributable to Viad

The following table summarizes the unaudited pro forma results of operations attributable to Viad, assuming the above acquisitions had each been completed on January 1, 2015:

	Three Months Ended March 31,
(in thousands, except per share data)	2016			2015
Revenue	$	241,441		$	264,528
Depreciation and amortization	$	8,898		$	9,314
Loss from continuing operations	$	(8,352	)	$	(4,709	)
Net loss attributable to Viad	$	(8,376	)	$	(4,793	)
Diluted loss per share	$	(0.41	)	$	(0.24	)
Basic loss per share	$	(0.41	)	$	(0.24	)