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Segment Information (Tables)
 6 Months Ended
Jun. 30, 2018
Segment Reporting [Abstract]  
Reconciliation of income statement items from reportable segments

Our reportable segments, with reconciliations to consolidated totals, are as follows:

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

(in thousands)

 

2018

 

 

2017

 

 

2018

 

 

2017

 

Revenue:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

GES:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S.

 

$

241,239

 

 

$

242,031

 

 

$

445,107

 

 

$

499,242

 

International

 

 

80,429

 

 

 

85,283

 

 

 

147,615

 

 

 

149,182

 

Intersegment eliminations

 

 

(6,346

)

 

 

(7,205

)

 

 

(9,694

)

 

 

(10,444

)

Total GES

 

 

315,322

 

 

 

320,109

 

 

 

583,028

 

 

 

637,980

 

Pursuit

 

 

48,355

 

 

 

44,665

 

 

 

58,077

 

 

 

52,601

 

Total revenue

 

$

363,677

 

 

$

364,774

 

 

$

641,105

 

 

$

690,581

 

Segment operating income (loss):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

GES:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S.

 

$

20,838

 

 

$

21,320

 

 

$

19,282

 

 

$

42,666

 

International

 

 

8,167

 

 

 

9,349

 

 

 

10,303

 

 

 

11,382

 

Total GES

 

 

29,005

 

 

 

30,669

 

 

 

29,585

 

 

 

54,048

 

Pursuit

 

 

9,757

 

 

 

9,938

 

 

 

(1,638

)

 

 

(337

)

Segment operating income

 

 

38,762

 

 

 

40,607

 

 

 

27,947

 

 

 

53,711

 

Corporate eliminations (1)

 

 

17

 

 

 

16

 

 

 

33

 

 

 

32

 

Corporate activities

 

 

(2,535

)

 

 

(2,920

)

 

 

(4,752

)

 

 

(5,461

)

Operating income

 

 

36,244

 

 

 

37,703

 

 

 

23,228

 

 

 

48,282

 

Interest income

 

 

53

 

 

 

42

 

 

 

137

 

 

 

100

 

Interest expense

 

 

(2,354

)

 

 

(2,059

)

 

 

(4,423

)

 

 

(4,164

)

Other expense (2)

 

 

(543

)

 

 

(222

)

 

 

(781

)

 

 

(674

)

Restructuring recoveries (charges):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

GES U.S.

 

 

(240

)

 

 

(47

)

 

 

(240

)

 

 

(71

)

GES International

 

 

(422

)

 

 

(121

)

 

 

(454

)

 

 

(354

)

Pursuit

 

 

—

 

 

 

—

 

 

 

(140

)

 

 

—

 

Corporate

 

 

—

 

 

 

—

 

 

 

10

 

 

 

(137

)

Impairment recoveries:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pursuit

 

 

35

 

 

 

2,247

 

 

 

35

 

 

 

4,631

 

Income from continuing operations before income taxes

 

$

32,773

 

 

$

37,543

 

 

$

17,372

 

 

$

47,613

 

(1)

Corporate eliminations represent the elimination of depreciation expense recorded by Pursuit associated with previously eliminated intercompany profit realized by GES for renovations to Pursuit’s Banff Gondola.

(2)

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.