XML 43 R30.htm IDEA: XBRL DOCUMENT v3.8.0.1
Acquisition of Businesses (Tables)
9 Months Ended
Sep. 30, 2017
Business Combinations [Abstract]  
Schedule of recognized identified assets acquired and liabilities assumed

The following table summarizes the allocation of the aggregate purchase price paid and the amounts of assets acquired and liabilities assumed based on the estimated fair value as of the acquisition date. The allocation of the purchase price was completed as of March 31, 2017. 

 

(in thousands)

 

 

 

 

 

 

 

 

Purchase price paid as:

 

 

 

 

 

 

 

 

Cash

 

 

 

 

 

$

50,920

 

Cash acquired

 

 

 

 

 

 

(6

)

Purchase price, net of cash acquired

 

 

 

 

 

 

50,914

 

 

 

 

 

 

 

 

 

 

Fair value of net assets acquired:

 

 

 

 

 

 

 

 

Inventories

 

$

11

 

 

 

 

 

Prepaid expenses

 

 

37

 

 

 

 

 

Property and equipment

 

 

10,867

 

 

 

 

 

Intangible assets

 

 

6,028

 

 

 

 

 

Total assets acquired

 

 

16,943

 

 

 

 

 

Accrued liabilities

 

 

118

 

 

 

 

 

Total liabilities assumed

 

 

118

 

 

 

 

 

Total fair value of net assets acquired

 

 

 

 

 

 

16,825

 

Excess purchase price over fair value of net assets acquired (“goodwill”)

 

 

 

 

 

$

34,089

 

 

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 2016 acquisitions of CATC Alaska Tourism Corporation (“CATC”) (acquired March 2016), the business of ON Event Services, LLC (“ON Services”) (acquired August 2016), and FlyOver Canada (acquired December 2016) had been completed on January 1, 2016:

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

(in thousands, except per share data)

 

September 30, 2016

 

 

September 30, 2016

 

Revenue

 

$

389,877

 

 

$

991,818

 

Depreciation and amortization

 

$

14,427

 

 

$

39,565

 

Income from continuing operations

 

$

35,047

 

 

$

47,734

 

Net income attributable to Viad

 

$

33,834

 

 

$

46,198

 

Diluted income per share

 

$

1.67

 

 

$

2.28

 

Basic income per share

 

$

1.67

 

 

$

2.28