Segment Information

9 Months Ended

Sep. 30, 2020

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 and impairment charges. 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.

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

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
(in thousands)	2020			2019			2020			2019
Revenue:
GES:
GES North America	$	11,767		$	185,124		$	273,423		$	666,825
GES EMEA		2,774			39,300			52,096			156,473
Intersegment eliminations		(284	)		(5,724	)		(3,258	)		(14,731	)
Total GES		14,257			218,700			322,261			808,567
Pursuit		48,815			135,043			67,602			201,119
Total revenue	$	63,072		$	353,743		$	389,863		$	1,009,686
Segment operating income (loss):
GES:
GES North America	$	(10,986	)	$	(8,562	)	$	(28,194	)	$	22,635
GES EMEA		(7,262	)		(3,024	)		(11,256	)		2,775
Total GES		(18,248	)		(11,586	)		(39,450	)		25,410
Pursuit		11,467			66,392			(26,499	)		64,710
Segment operating income (loss)		(6,781	)		54,806			(65,949	)		90,120
Corporate eliminations (1)		16			16			48			49
Corporate activities		(2,645	)		(2,680	)		(5,902	)		(7,795	)
Operating income (loss)		(9,410	)		52,142			(71,803	)		82,374
Interest income		58			79			313			260
Interest expense		(5,508	)		(3,740	)		(14,712	)		(9,612	)
Multi-employer pension plan withdrawal		—			—			(462	)		(15,508	)
Other expense		(210	)		(281	)		(894	)		(1,192	)
Restructuring recoveries (charges):
GES North America		(2,310	)		(881	)		(2,277	)		(5,139	)
GES EMEA		(8,376	)		(759	)		(9,094	)		(1,501	)
Pursuit		12			—			(45	)		—
Corporate		(585	)		(62	)		(954	)		(205	)
Impairment charges:
GES North America		—			—			(171,094	)		—
GES EMEA		(676	)		—			(30,225	)		—
Pursuit		—			—			(1,757	)		—
Legal settlement:
GES		—			—			—			(8,500	)
Income (loss) from continuing operations before income taxes	$	(27,005	)	$	46,498		$	(303,004	)	$	40,977

^{(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.}