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Stockholders' Equity (Tables)
9 Months Ended
Sep. 30, 2018
Equity [Abstract]  
Reconciliation of Stockholders' Equity to Noncontrolling Interests

The following represents a reconciliation of the carrying amounts of stockholders’ equity attributable to Viad and the non-redeemable noncontrolling interest for the nine months ended September 30, 2018 and 2017:

 

(in thousands)

 

Total Viad

Stockholders’

Equity

 

 

Non-redeemable

Noncontrolling

Interest

 

 

Total

Stockholders’

Equity

 

Balance at December 31, 2017

 

$

429,131

 

 

$

13,806

 

 

$

442,937

 

Net income

 

 

51,492

 

 

 

890

 

 

 

52,382

 

Dividends on common stock ($0.30 per share)

 

 

(6,128

)

 

 

 

 

 

(6,128

)

Common stock purchased for treasury

 

 

(10,240

)

 

 

 

 

 

(10,240

)

Employee benefit plans

 

 

6,046

 

 

 

 

 

 

6,046

 

Unrealized foreign currency translation adjustment, net of tax

 

 

(7,864

)

 

 

 

 

 

(7,864

)

Other changes to AOCI, net of tax

 

 

(715

)

 

 

 

 

 

(715

)

Adoption of ASU 2018-02 (1)

 

 

1,680

 

 

 

 

 

 

1,680

 

Other, net

 

 

(34

)

 

 

 

 

 

(34

)

Balance at September 30, 2018

 

$

463,368

 

 

$

14,696

 

 

$

478,064

 

 

(1)

Upon the adoption of ASU 2018-02, we recorded a cumulative-effect adjustment from AOCI to beginning retained earnings.

 

 

(in thousands)

 

Total Viad

Stockholders’

Equity

 

 

Non-redeemable

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, net of tax

 

 

18,820

 

 

 

 

 

 

18,820

 

Other changes to AOCI, net of tax

 

 

327

 

 

 

 

 

 

327

 

Other, net

 

 

56

 

 

 

 

 

 

56

 

Balance at September 30, 2017

 

$

454,464

 

 

$

14,030

 

 

$

468,494

 

 

Schedule of Accumulated Other Comprehensive Income (Loss)

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, 2017

 

$

616

 

 

$

(12,026

)

 

$

(11,158

)

 

$

(22,568

)

Adoption of ASU 2016-01 (1)

 

 

(616

)

 

 

 

 

 

 

 

 

(616

)

Other comprehensive income before reclassifications

 

 

 

 

 

(7,864

)

 

 

 

 

 

(7,864

)

Amounts reclassified from AOCI, net of tax

 

 

 

 

 

 

 

 

(715

)

 

 

(715

)

Net other comprehensive income (loss)

 

 

(616

)

 

 

(7,864

)

 

 

(715

)

 

 

(9,195

)

Balance at September 30, 2018

 

$

 

 

$

(19,890

)

 

$

(11,873

)

 

$

(31,763

)

 

(1)

Upon the adoption of ASU 2016-01, we recorded a cumulative-effect adjustment from unrealized gains on investments to beginning retained earnings.