Segment Information (Tables)

12 Months Ended

Dec. 31, 2019

Reconciliation of income statement items from reportable segments

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

	Year Ended December 31,
(in thousands)	2019			2018			2017
Revenue:
GES:
GES North America	$	936,032		$	909,790		$	943,952
GES EMEA		233,591			218,247			209,825
Intersegment eliminations		(20,741	)		(17,140	)		(20,680	)
Total GES		1,148,882			1,110,897			1,133,097
Pursuit		222,813			185,287			173,868
Total revenue	$	1,371,695		$	1,296,184		$	1,306,965
Segment operating income:
GES:
GES North America	$	27,659		$	29,981		$	41,156
GES EMEA		8,274			9,621			9,575
Total GES		35,933			39,602			50,731
Pursuit		54,310			48,915			47,867
Segment operating income		90,243			88,517			98,598
Corporate eliminations ⁽¹⁾		67			67			67
Corporate activities		(10,865	)		(10,993	)		(12,396	)
Operating income		79,445			77,591			86,269
Interest income		369			354			319
Interest expense		(14,199	)		(9,640	)		(8,304	)
Multi-employer pension plan withdrawal		(15,693	)		—			—
Other expense ⁽²⁾		(1,586	)		(1,744	)		(2,028	)
Restructuring recoveries (charges):
GES North America		(6,157	)		(408	)		354
GES EMEA		(1,731	)		(1,049	)		(1,061	)
Pursuit		(52	)		(140	)		(86	)
Corporate		(440	)		10			(211	)
Impairment (charges) recoveries:
GES		(5,346	)		—			—
Pursuit		—			35			29,098
Legal settlement:
GES		(8,500	)		—			—
Income from continuing operations before income taxes	$	26,110		$	65,009		$	104,350

⁽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 years ended December 31, 2019 and 2018, and we reclassified $2.0 million from operating expenses to other expense for 2017 to conform with current period presentation.

Reconciliation of assets from reportable segments

	December 31,
(in thousands)	2019		2018		2017
Assets:
GES:
GES North America	$	475,279	$	406,484	$	406,038
GES EMEA		132,975		111,798		110,788
Pursuit		589,205		357,630		350,256
Corporate and other		121,232		46,629		52,817
	$	1,318,691	$	922,541	$	919,899
Depreciation and amortization:
GES:
GES North America	$	29,321	$	30,855	$	30,260
GES EMEA		6,260		7,071		7,004
Pursuit		23,154		18,690		17,653
Corporate and other		229		226		197
	$	58,964	$	56,842	$	55,114
Capital expenditures:
GES:
GES North America	$	19,099	$	19,263	$	18,900
GES EMEA		7,098		7,065		6,521
Pursuit		49,934		56,865		30,786
Corporate and other		16		152		414
	$	76,147	$	83,345	$	56,621

Financial information by major geographic area

The table below presents the financial information by major geographic area:

	December 31,
(in thousands)	2019		2018		2017
Revenue:
United States	$	925,140	$	894,442	$	913,210
EMEA		235,436		218,247		209,824
Canada		211,119		183,495		183,931
Total revenue	$	1,371,695	$	1,296,184	$	1,306,965
Long-lived assets:
United States	$	205,399	$	182,140	$	180,345
EMEA		63,582		48,553		43,630
Canada		277,039		146,064		129,108
Total long-lived assets	$	546,020	$	376,757	$	353,083