Acquisitions (Tables)

12 Months Ended

Dec. 31, 2020

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table summarizes the final allocation of the aggregate purchase price paid and amounts of assets acquired and liabilities assumed based upon the estimated fair value at the date of acquisition.

(in thousands)
Purchase price paid as:
Cash			$	75,837
Net working capital adjustment				18
Consideration transferred				75,855
Right to manage				(1,276	)
Purchase price, net				74,579

Fair value of net assets acquired:
Accounts receivable	$	333
Inventories		152
Prepaid expenses		276
Property and equipment		103,642
Intangible assets		20,180
Total assets acquired		124,583
Accounts payable		329
Advanced deposits payable		400
Deferred tax liability		19,734
Other liabilities		16
Total liabilities assumed		20,479

Noncontrolling interest equity		49,719
Total fair value of net assets acquired				54,385
Excess purchase price over fair value of net assets acquired (“goodwill”)			$	20,194

Schedule of Proforma Results of Operations

The following table summarizes the unaudited pro forma results of operations attributable to Viad, assuming the completion of the Mountain Park Lodges acquisition was on January 1, 2018. We do not consider the Sky Lagoon attraction or the Belton Chalet significant acquisitions and accordingly, they are not included in the following pro forma results of operations:

(in thousands, except per share data)	Year Ended December 31, 2019		Year Ended December 31, 2018
Revenue	$	1,310,997	$	1,264,664
Depreciation and amortization	$	61,597	$	62,261
Income from continuing operations	$	22,195	$	48,312
Net income attributable to Viad	$	21,337	$	49,070
Diluted income per share	$	0.99	$	2.39
Basic income per share	$	0.99	$	2.40