Stockholders' Equity

9 Months Ended

Sep. 30, 2017

Equity [Abstract]

Stockholders' Equity

Note 13. Stockholders’ Equity

The following represents a reconciliation of the carrying amounts of stockholders’ equity attributable to Viad and the noncontrolling interest for the nine months ended September 30, 2017 and 2016:

(in thousands)	Total Viad Stockholders’ Equity			Noncontrolling Interest		Total Stockholders’ Equity
Balance at December 31, 2016	$	357,355		$	13,283	$	370,638
Net income		79,381			747		80,128
Dividends on common stock ($0.30 per share)		(6,119	)		—		(6,119	)
Common stock purchased for treasury		(1,272	)		—		(1,272	)
Employee benefit plans		5,916			—		5,916
Unrealized foreign currency translation adjustment		18,820			—		18,820
Other changes to AOCI		327					327
Other		56			—		56
Balance at September 30, 2017	$	454,464		$	14,030	$	468,494

(in thousands)	Total Viad Stockholders’ Equity			Noncontrolling Interest		Total Stockholders’ Equity
Balance at December 31, 2015	$	322,581		$	12,757	$	335,338
Net income		46,318			765		47,083
Dividends on common stock ($0.30 per share)		(6,079	)		—		(6,079	)
Common stock purchased for treasury		(679	)		—		(679	)
Employee benefit plans		4,693			—		4,693
Unrealized foreign currency translation adjustment		723			—		723
Tax benefits from share-based compensation		60			—		60
Other changes to AOCI		162			—		162
Other		28			—		28
Balance at September 30, 2016	$	367,807		$	13,522	$	381,329

Changes in AOCI by component are as follows:

(in thousands)	Unrealized Gains on Investments			Cumulative Foreign Currency Translation Adjustments			Unrecognized Net Actuarial Loss and Prior Service Credit, Net			Accumulated Other Comprehensive Income (Loss)
Balance at December 31, 2016	$	421		$	(29,084	)	$	(10,728	)	$	(39,391	)
Other comprehensive income before reclassifications		188			18,820			—			19,008
Amounts reclassified from AOCI, net of tax		(45	)		—			184			139
Net other comprehensive income		143			18,820			184			19,147
Balance at September 30, 2017	$	564		$	(10,264	)	$	(10,544	)	$	(20,244	)

The following table presents information about reclassification adjustments out of AOCI:

	Nine Months Ended September 30,						Affected Line Item in the Statement Where Net Income is Presented
(in thousands)	2017			2016
Unrealized gains on investments	$	(72	)	$	(67	)	Interest income
Tax effect		27			25		Income taxes
	$	(45	)	$	(42	)
Recognized net actuarial loss(1)	$	596		$	538
Amortization of prior service credit(1)		(323	)		(377	)
Tax effect		(89	)		(61	)	Income taxes
	$	184		$	100

⁽¹⁾ Amount included in pension expense. Refer to Note 16 – Pension and Postretirement Benefits.