Segment Information

6 Months Ended

Jun. 30, 2016

Segment Reporting [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. 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.

Viad’s reportable segments, with reconciliations to consolidated totals, are as follows:

	Three Months Ended						Six Months Ended
	June 30,						June 30,
(in thousands)	2016			2015			2016			2015
Revenue:
Marketing & Events Group:
U.S. Segment	$	220,078		$	208,749		$	403,815		$	401,692
International Segment		72,682			85,723			126,763			150,959
Intersegment eliminations		(7,332	)		(7,903	)		(9,014	)		(9,154	)
Total Marketing & Events Group		285,428			286,569			521,564			543,497
Travel & Recreation Group		40,483			30,466			45,709			37,934
Corporate eliminations (1)		(1,164	)		—			(1,164	)		—
Total revenue	$	324,747		$	317,035		$	566,109		$	581,431
Segment operating income:
Marketing & Events Group:
U.S. Segment	$	22,502		$	18,974		$	23,364		$	21,611
International Segment		4,876			11,109			4,307			12,156
Total Marketing & Events Group		27,378			30,083			27,671			33,767
Travel & Recreation Group		7,058			6,203			485			1,394
Segment operating income		34,436			36,286			28,156			35,161
Corporate eliminations (1)		(422	)		—			(422	)		—
Corporate activities		(2,707	)		(1,983	)		(4,618	)		(4,793	)
Operating income		31,307			34,303			23,116			30,368
Interest income		38			443			94			506
Interest expense		(1,336	)		(1,103	)		(2,620	)		(2,254	)
Restructuring charges:
Marketing & Events U.S. Segment		—			(383	)		(293	)		(471	)
Marketing & Events International Segment		(956	)		(133	)		(1,171	)		(271	)
Travel & Recreation Group		(1	)		(148	)		(93	)		(142	)
Corporate		(18	)		(405	)		(410	)		(401	)
Income from continuing operations before income taxes	$	29,034		$	32,574		$	18,623		$	27,335

⁽¹⁾ Represents the elimination of intercompany revenue and profit realized by the Marketing & Events Group for work completed on renovations for the Travel & Recreation Group’s Banff Gondola.