Segment Information

12 Months Ended

Dec. 31, 2020

Segment Reporting [Abstract]

Segment Information

Note 23. 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 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.

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

	Year Ended December 31,
(in thousands)	2020			2019			2018
Revenue:
GES:
GES North America	$	288,921		$	884,105		$	866,187
GES EMEA		53,384			216,559			202,990
Intersegment eliminations		(3,680	)		(20,741	)		(17,140	)
Total GES		338,625			1,079,923			1,052,037
Pursuit		76,810			222,813			185,287
Total revenue	$	415,435		$	1,302,736		$	1,237,324
Segment operating income (loss):
GES:
GES North America	$	(56,446	)	$	27,659		$	29,981
GES EMEA		(17,451	)		8,274			9,621
Total GES		(73,897	)		35,933			39,602
Pursuit		(42,343	)		54,310			48,915
Segment operating income (loss)		(116,240	)		90,243			88,517
Corporate eliminations (1)		65			67			67
Corporate activities		(8,687	)		(10,865	)		(10,993	)
Operating income (loss)		(124,862	)		79,445			77,591
Interest income		377			369			354
Interest expense		(18,264	)		(14,199	)		(9,640	)
Multi-employer pension plan withdrawal		(462	)		(15,693	)		—
Other expense		(1,132	)		(1,586	)		(1,744	)
Restructuring (charges) recoveries:
GES North America		(3,825	)		(6,157	)		(408	)
GES EMEA		(8,522	)		(1,731	)		(1,049	)
Pursuit		(132	)		(52	)		(140	)
Corporate		(961	)		(440	)		10
Impairment (charges) recoveries:
GES North America		(171,095	)		(5,346	)		—
GES EMEA		(30,223	)		—			—
Pursuit		(1,758	)		—			35
Legal settlement:
GES		—			(8,500	)		—
Income (loss) from continuing operations before income taxes	$	(360,859	)	$	26,110		$	65,009

^{(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.}

	December 31,
(in thousands)	2020		2019		2018
Assets:
GES:
GES North America	$	134,162	$	475,279	$	406,484
GES EMEA		50,644		132,975		111,798
Pursuit		620,413		589,205		357,630
Corporate and other		48,005		121,232		46,629
	$	853,224	$	1,318,691	$	922,541
Depreciation and amortization:
GES:
GES North America	$	24,022	$	29,321	$	30,855
GES EMEA		4,053		6,260		7,071
Pursuit		28,393		23,154		18,690
Corporate and other		97		229		226
	$	56,565	$	58,964	$	56,842
Capital expenditures:
GES:
GES North America	$	9,003	$	19,099	$	19,263
GES EMEA		1,388		7,098		7,065
Pursuit		43,176		49,934		56,865
Corporate and other		—		16		152
	$	53,567	$	76,147	$	83,345

Geographic Areas

Our foreign operations are primarily in Canada, the United Kingdom, Iceland, the Netherlands, Germany, and to a lesser extent, in certain other countries. GES revenue is designated as domestic or foreign based on the originating location of the product or service. Long-lived assets are attributed to domestic or foreign based principally on the physical location of the assets. Long-lived assets consist of “Property and equipment, net” and “Other investments and assets.” The table below presents the financial information by major geographic area:

	December 31,
(in thousands)	2020		2019		2018
Revenue:
United States	$	290,541	$	873,213	$	850,839
EMEA		56,656		218,404		202,990
Canada		68,238		211,119		183,495
Total revenue	$	415,435	$	1,302,736	$	1,237,324
Long-lived assets:
United States	$	173,790	$	205,399	$	182,140
EMEA		56,996		63,582		48,553
Canada		276,860		277,039		146,064
Total long-lived assets	$	507,646	$	546,020	$	376,757