Segment Information

6 Months Ended

Jun. 30, 2019

Segment Reporting [Abstract]

Segment Information

Note 22. Segment Information

We measure the profit and performance of our operations on the basis of segment operating income (loss) which excludes restructuring charges and recoveries. Intersegment sales are eliminated in consolidation and intersegment transfers are not significant. Corporate activities include expenses not allocated to operations. Depreciation and amortization and share-based compensation expense are the only significant non-cash items for the reportable segments.

During the first quarter of 2019, we realigned GES’ organizational structure. As a result, we changed GES’ reportable segments to reflect how our chief operating decision maker regularly reviews and makes decisions regarding the allocation of resources. Accordingly, GES’ new reportable segments are GES North America and GES EMEA. We made no changes to the Pursuit reportable segment.

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

	Three Months Ended						Six Months Ended
	June 30,						June 30,
(in thousands)	2019			2018			2019			2018
Revenue:
GES:
North America	$	283,682		$	260,891		$	506,923		$	482,955
EMEA		69,505			60,662			123,881			109,582
Intersegment eliminations		(6,317	)		(6,231	)		(9,007	)		(9,509	)
Total GES		346,870			315,322			621,797			583,028
Pursuit		55,409			48,355			66,076			58,077
Total revenue	$	402,279		$	363,677		$	687,873		$	641,105
Segment operating income (loss):
GES:
North America	$	30,589		$	23,767		$	31,197		$	23,688
EMEA		4,664			5,238			5,799			5,897
Total GES		35,253			29,005			36,996			29,585
Pursuit		11,313			9,757			(1,682	)		(1,638	)
Segment operating income		46,566			38,762			35,314			27,947
Corporate eliminations (1)		17			17			33			33
Corporate activities		(3,282	)		(2,535	)		(5,115	)		(4,752	)
Operating income		43,301			36,244			30,232			23,228
Interest income		83			53			181			137
Interest expense		(2,957	)		(2,354	)		(5,872	)		(4,423	)
Multi-employer pension plan withdrawal		(15,508	)		—			(15,508	)		—
Other expense		(456	)		(543	)		(911	)		(781	)
Restructuring recoveries (charges):
GES North America		(4,275	)		(240	)		(4,258	)		(240	)
GES EMEA		(80	)		(422	)		(742	)		(454	)
Pursuit		—			—			—			(140	)
Corporate		(100	)		—			(143	)		10
Impairment recoveries
Pursuit		—			35			—			35
Legal settlement:
GES		—			—			(8,500	)		—
Income (loss) from continuing operations before income taxes	$	20,008		$	32,773		$	(5,521	)	$	17,372

^{(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.}