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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Current assets    
Cash and cash equivalents $ 56,452 $ 61,999
Accounts receivable, net of allowances for doubtful accounts of $10,105 and $1,200, respectively 21,154 126,246
Inventories 16,296 17,269
Current contract costs 7,649 24,535
Other current assets 16,196 30,854
Total current assets 117,747 260,903
Property and equipment, net 477,445 500,901
Other investments and assets 19,937 45,119
Operating lease right-of-use assets 88,394 103,314
Deferred income taxes   26,163
Goodwill 96,931 287,983
Other intangible assets, net 68,638 94,308
Total Assets 869,092 1,318,691
Current liabilities    
Accounts payable 22,069 86,660
Contract liabilities 17,153 50,671
Accrued compensation 8,392 32,658
Operating lease obligations 17,872 22,180
Other current liabilities 30,127 39,824
Current portion of debt and finance lease obligations [1] 4,040 5,330
Total current liabilities 99,653 237,323
Long-term debt and finance lease obligations 252,152 335,162
Pension and postretirement benefits 25,789 26,247
Long-term operating lease obligations 73,688 82,851
Other deferred items and liabilities 75,174 83,707
Total liabilities 526,456 765,290
Commitments and contingencies
Redeemable noncontrolling interest 5,271 6,172
Viad Corp stockholders’ equity:    
Common stock, $1.50 par value, 200,000,000 shares authorized, 24,934,981 shares issued and outstanding 37,402 37,402
Additional capital 570,447 574,473
Retained earnings (deficit) (202,691) 122,971
Accumulated other comprehensive loss (42,687) (35,699)
Common stock in treasury, at cost, 4,507,957 and 4,588,084 shares, respectively (227,623) (231,649)
Total Viad stockholders’ equity 134,848 467,498
Non-redeemable noncontrolling interest 75,620 79,731
Total stockholders’ equity 210,468 547,229
Total Liabilities, Mezzanine Equity, and Stockholders’ Equity 869,092 $ 1,318,691
Convertible Series A Preferred Stock    
Current liabilities    
Convertible Series A Preferred Stock, $0.01 par value, 180,000 shares authorized, 135,000 shares issued and outstanding at September 30, 2020 $ 126,897  
[1] Subsequent to the filing of our 2019 Form 10-K, we identified a correction related to the classification of the 2018 Credit Facility (as defined below) from current to long-term given that the 2018 Credit Facility’s contractual maturity was not within 12 months of the balance sheet date, and we were in compliance with all applicable covenants as of December 31, 2019. As a result, we corrected the classification of the debt on the accompanying condensed consolidated balance sheet and the disclosure related to classification of debt in the table above as of December 31, 2019 to present the 2018 Credit Facility as long-term. Except for this change, the correction had no impact upon this Quarterly Report on Form 10-Q. We determined that the error is not material to the previously issued financial statements.