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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenue:        
Total revenue $ 363,677 $ 364,774 $ 641,105 $ 690,581
Costs and expenses:        
Business interruption gain (377) (1,087) (567) (1,140)
Corporate activities 2,535 2,920 4,752 5,461
Interest income (53) (42) (137) (100)
Interest expense 2,354 2,059 4,423 4,164
Other expense [1] 543 222 781 674
Restructuring charges 662 168 824 562
Impairment recoveries (35) (2,247) (35) (4,631)
Total costs and expenses 330,904 327,231 623,733 642,968
Income from continuing operations before income taxes 32,773 37,543 17,372 47,613
Income tax expense 9,114 10,178 4,476 12,919
Income from continuing operations 23,659 27,365 12,896 34,694
Income (loss) from discontinued operations (279) 509 649 (307)
Net income 23,380 27,874 13,545 34,387
Net loss attributable to non-redeemable noncontrolling interest 33 73 397 337
Net loss attributable to redeemable noncontrolling interest 77   161  
Net income attributable to Viad $ 23,490 $ 27,947 $ 14,103 $ 34,724
Diluted income per common share:        
Continuing operations attributable to Viad common stockholders $ 1.16 $ 1.35 $ 0.65 $ 1.72
Discontinued operations attributable to Viad common stockholders (0.01) 0.02 0.04 (0.02)
Net income attributable to Viad common stockholders [2] $ 1.15 $ 1.37 $ 0.69 $ 1.70
Weighted-average outstanding and potentially dilutive common shares 20,436 20,364 20,446 20,355
Basic income per common share:        
Continuing operations attributable to Viad common stockholders $ 1.16 $ 1.35 $ 0.65 $ 1.72
Discontinued operations attributable to Viad common stockholders (0.01) 0.02 0.04 (0.02)
Net income attributable to Viad common stockholders $ 1.15 $ 1.37 $ 0.69 $ 1.70
Weighted-average outstanding common shares 20,209 20,140 20,208 20,112
Dividends declared per common share $ 0.10 $ 0.10 $ 0.20 $ 0.20
Amounts attributable to Viad common stockholders        
Income from continuing operations $ 23,769 $ 27,438 $ 13,454 $ 35,031
Income (loss) from discontinued operations (279) 509 649 (307)
Net income attributable to Viad 23,490 27,947 14,103 34,724
Services        
Revenue:        
Total revenue 314,723 319,179 560,271 609,822
Costs and expenses:        
Costs and expenses 280,842 281,909 538,137 562,547
Products        
Revenue:        
Total revenue 48,954 45,595 80,834 80,759
Costs and expenses:        
Costs and expenses $ 44,433 $ 43,329 $ 75,555 $ 75,431
[1] We adopted ASU 2017-07 on January 1, 2018, which requires retrospective adoption. As a result, we recorded the nonservice cost component of net periodic benefit cost within other expense for the three and six months ended June 30, 2018, and we reclassified $0.2 million from operating expenses to other expense for the three months ended June 30, 2017 and $0.7 million for the six months ended June 30, 2017 to conform with current period presentation. Refer to Note 1 – Overview and Basis of Presentation for additional details on the impact of this adoption on our Condensed Consolidated Statements of Operations.
[2] Diluted income (loss) per share amount cannot exceed basic income (loss) per share.