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Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2020
Goodwill And Intangible Assets Disclosure [Abstract]  
Summary of the Goodwill Balances by Component and Segment

The changes in the carrying amount of goodwill are as follows:

(in thousands)

 

GES North America

 

 

GES EMEA

 

 

Pursuit

 

 

Total

 

Balance at December 31, 2018

 

$

154,944

 

 

$

29,954

 

 

$

76,432

 

 

$

261,330

 

Business acquisitions

 

 

 

 

 

 

 

 

20,684

 

 

 

20,684

 

Foreign currency translation adjustments

 

 

332

 

 

 

875

 

 

 

4,762

 

 

 

5,969

 

Balance at December 31, 2019

 

 

155,276

 

 

 

30,829

 

 

 

101,878

 

 

 

287,983

 

Goodwill impairment

 

 

(154,989

)

 

 

(29,042

)

 

 

(1,758

)

 

 

(185,789

)

Foreign currency translation adjustments

 

 

(287

)

 

 

(1,787

)

 

 

1,659

 

 

 

(415

)

Other

 

 

 

 

 

 

 

 

(1,932

)

 

 

(1,932

)

Balance at December 31, 2020

 

$

 

 

$

 

 

$

99,847

 

 

$

99,847

 

Goodwill by reporting unit and segment

 

The following table summarizes goodwill by reporting unit and segment:

 

 

December 31,

 

(in thousands)

 

2020

 

 

2019

 

GES:

 

 

 

 

 

 

 

 

GES North America:

 

 

 

 

 

 

 

 

U.S.

 

$

 

 

$

148,277

 

Canada

 

 

 

 

 

6,999

 

GES EMEA

 

 

 

 

 

30,829

 

Total GES

 

 

 

 

 

186,105

 

Pursuit:

 

 

 

 

 

 

 

 

Banff Jasper Collection

 

 

54,856

 

 

 

55,524

 

Alaska Collection

 

 

3,184

 

 

 

3,184

 

Glacier Park Collection

 

 

 

 

 

1,758

 

FlyOver

 

 

41,807

 

 

 

41,412

 

Total Pursuit

 

 

99,847

 

 

 

101,878

 

Total Goodwill

 

$

99,847

 

 

$

287,983

 

Summary of Other Intangible Assets

Other intangible assets consisted of the following:

 

 

 

 

December 31, 2020

 

 

December 31, 2019

 

(in thousands)

 

Useful Life

(Years)

 

Gross Carrying

Value

 

 

Accumulated

Amortization

 

 

Net Carrying Value

 

 

Gross Carrying

Value

 

 

Accumulated

Amortization

 

 

Net Carrying Value

 

Intangible assets subject to amortization:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer contracts and relationships

 

6.4

 

$

38,214

 

 

$

(26,288

)

 

$

11,926

 

 

$

72,219

 

 

$

(40,866

)

 

$

31,353

 

Operating contracts and licenses

 

36.7

 

 

42,012

 

 

 

(2,405

)

 

 

39,607

 

 

 

43,329

 

 

 

(1,881

)

 

 

41,448

 

In-place lease

 

13.3

 

 

15,347

 

 

 

(656

)

 

 

14,691

 

 

 

15,044

 

 

 

(231

)

 

 

14,813

 

Tradenames

 

5.3

 

 

5,940

 

 

 

(2,435

)

 

 

3,505

 

 

 

9,423

 

 

 

(4,338

)

 

 

5,085

 

Non-compete agreements

 

1.0

 

 

770

 

 

 

(616

)

 

 

154

 

 

 

2,077

 

 

 

(1,775

)

 

 

302

 

Other

 

7.2

 

 

818

 

 

 

(102

)

 

 

716

 

 

 

802

 

 

 

(66

)

 

 

736

 

Total amortized intangible assets

 

 

 

 

103,101

 

 

 

(32,502

)

 

 

70,599

 

 

 

142,894

 

 

 

(49,157

)

 

 

93,737

 

Indefinite-lived intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Business licenses

 

 

 

 

573

 

 

 

 

 

 

573

 

 

 

571

 

 

 

 

 

 

571

 

Other intangible assets

 

 

 

$

103,674

 

 

$

(32,502

)

 

$

71,172

 

 

$

143,465

 

 

$

(49,157

)

 

$

94,308

 

Estimated Future Amortization Expense Related to Intangible Assets Subject to Amortization At December 31, 2020, the estimated future amortization expense related to intangible assets subject to amortization is as follows:

 

(in thousands)

 

 

 

 

Year ending December 31,

 

 

 

 

2021

 

$

5,216

 

2022

 

 

5,129

 

2023

 

 

4,466

 

2024

 

 

3,510

 

2025

 

 

2,218

 

Thereafter

 

 

50,060

 

Total

 

$

70,599