CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands		Mar. 31, 2018	Dec. 31, 2017
Current assets
Cash and cash equivalents		$ 42,340	$ 53,723
Accounts receivable, net of allowances for doubtful accounts of $1,953 and $2,023, respectively		118,284	104,811
Inventories		17,514	17,550	[1]
Current contract costs		22,620	13,436	[1]
Other current assets		23,077	19,741	[1]
Total current assets		223,835	209,261
Property and equipment, net		316,879	305,571
Other investments and assets		48,789	48,187	[1]
Deferred income taxes		28,055	23,548
Goodwill		269,794	270,551
Other intangible assets, net		60,795	62,781
Total Assets		948,147	919,899
Current liabilities
Accounts payable		82,019	77,380
Contract liabilities		51,891	31,981	[2]
Accrued compensation		18,734	30,614
Other current liabilities		50,817	40,154	[2]
Current portion of debt and capital lease obligations	[3]	178,252	152,599
Total current liabilities		381,713	332,728
Long-term debt and capital lease obligations		53,066	56,593
Pension and postretirement benefits		28,153	28,135
Other deferred items and liabilities		48,786	52,858
Total liabilities		511,718	470,314
Commitments and contingencies
Redeemable noncontrolling interest		6,950	6,648
Viad Corp stockholders’ equity:
Common stock, $1.50 par value, 200,000,000 shares authorized, 24,934,981 shares issued and outstanding		37,402	37,402
Additional capital		573,223	574,458
Retained earnings		55,000	65,836
Unearned employee benefits and other		207	218
Accumulated other comprehensive loss		(25,848)	(22,568)
Common stock in treasury, at cost, 4,468,334 and 4,518,099 shares, respectively		(223,947)	(226,215)
Total Viad stockholders’ equity		416,037	429,131
Non-redeemable noncontrolling interest		13,442	13,806
Total stockholders’ equity		429,479	442,937	[4]
Total Liabilities and Stockholders’ Equity		$ 948,147	$ 919,899

[1] Contract costs primarily consist of deferred core services costs (including labor and vendor purchases) required to service future exhibitions, conferences and other events, and commission expenses incurred to obtain contracts. All such costs were previously included in “Inventories” and in other certain assets. As a result of the changes noted above, deferred core services costs related to exhibitions and events that are scheduled to occur longer than one year in the future are currently included in “Other investments and assets”. The impact of this change reduced total current assets at December 31, 2017 by $0.7 million. The amount of deferred core services costs included in “Other investments and assets” at March 31, 2018 was $4.6 million.

[2] In connection with the adoption of Topic 606, we elected to more prominently present contract liabilities on the Consolidated Balance Sheets. Consequently, customer deposits of $33.4 million as of December 31, 2017, have been reclassified to “Contract liabilities” and to other certain current liabilities to conform to the current period presentation.

[3] Borrowings under the revolving credit facilities are classified as current because all borrowed amounts are due within one year.

[4] The cumulative effect of initially applying Topic 606 as an adjustment to the opening balance of retained earnings was determined to be immaterial and therefore no adjustment was made.