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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Current assets    
Cash and cash equivalents $ 39,545 $ 61,999
Accounts receivable, net of allowances for doubtful accounts of $5,310 and $1,200, respectively 17,837 126,246
Inventories 8,727 17,269
Current contract costs 7,923 24,535
Other current assets 17,225 30,854
Total current assets 91,257 260,903
Property and equipment, net 492,154 500,901
Other investments and assets 15,492 45,119
Operating lease right-of-use assets 82,739 103,314
Deferred income taxes 563 26,163
Goodwill 99,847 287,983
Other intangible assets, net 71,172 94,308
Total Assets 853,224 1,318,691
Current liabilities    
Accounts payable 21,037 86,660
Contract liabilities 18,595 50,671
Accrued compensation 7,030 32,658
Operating lease obligations 15,697 22,180
Other current liabilities 27,039 39,824
Current portion of debt and finance lease obligations [1] 8,335 5,330
Total current liabilities 97,733 237,323
Long-term debt and finance lease obligations 285,356 335,162
Pension and postretirement benefits 27,264 26,247
Long-term operating lease obligations 70,150 82,851
Other deferred items and liabilities 64,628 83,707
Total liabilities 545,131 765,290
Commitments and contingencies
Redeemable noncontrolling interest 5,225 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 568,100 574,473
Retained earnings (deficit) (253,164) 122,971
Accumulated other comprehensive loss (30,641) (35,699)
Common stock in treasury, at cost, 4,475,489 and 4,588,084 shares, respectively (225,742) (231,649)
Total Viad stockholders’ equity 95,955 467,498
Non-redeemable noncontrolling interest 78,144 79,731
Total stockholders’ equity 174,099 547,229
Total Liabilities, Mezzanine Equity, and Stockholders’ Equity 853,224 $ 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 December 31, 2020 $ 128,769  
[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 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 Annual Report on Form 10-K. We determined that the error is not material to the previously issued financial statements.