20,361

17,550

^[1]

Current contract costs

21,525

13,436

^[1]

Property and equipment, net

31,167

19,741

^[1]

Total current assets

264,072

209,261

324,951

305,571

Other intangible assets, net

49,580

48,187

^[1]

Deferred income taxes

21,146

23,548

Goodwill

266,023

270,551

57,397

62,781

Total Assets

983,169

919,899

Current liabilities

Accounts payable

96,569

77,380

Contract liabilities

50,419

31,981

^[2]

Accrued compensation

29,280

30,614

Current portion of debt and capital lease obligations

47,711

40,154

^[2]

^[3]

190,967

152,599

Total current liabilities

414,946

332,728

Long-term debt and capital lease obligations

48,511

56,593

Pension and postretirement benefits

27,661

28,135

Other deferred items and liabilities

49,357

52,858

Total liabilities

540,475

470,314

Commitments and contingencies

Redeemable noncontrolling interest

6,513

6,648

Viad Corp stockholders’ equity:

Common stock, $1.50 par value, 200,000,000 shares authorized, 24,934,981 shares issued and outstanding

37,402

Additional capital

574,104

574,458

Retained earnings

76,458

65,836

Unearned employee benefits and other

214

218

Accumulated other comprehensive loss

(33,719)

(22,568)

Common stock in treasury, at cost, 4,616,834 and 4,518,099 shares, respectively

(231,687)

(226,215)

Total Viad stockholders’ equity

422,772

429,131

Non-redeemable noncontrolling interest

13,409

13,806

Total stockholders’ equity

436,181

442,937

^[4]

Total Liabilities and Stockholders’ Equity

$ 983,169

$ 919,899

[1]	Contract costs primarily consist of deferred core services costs (including labor and vendor purchases) required to service future exhibitions, conferences and other events, and commission expenses incurred to obtain contracts. All such costs were previously included in “Inventories” and in certain other assets. As a result of the changes noted above, deferred core services costs related to exhibitions and events that are scheduled to occur longer than one year in the future are currently included in “Other investments and assets”. The impact of this change reduced total current assets at December 31, 2017 by $0.7 million. The amount of deferred core services costs included in “Other investments and assets” at June 30, 2018 was $5.1 million.
[2]	In connection with the adoption of Topic 606, we elected to more prominently present contract liabilities on the Consolidated Balance Sheets. Consequently, customer deposits of $33.4 million as of December 31, 2017, have been reclassified to “Contract liabilities” and to other certain current liabilities to conform to the current period presentation.
[3]	Borrowings under the revolving credit facilities are classified as current because all borrowed amounts are due within one year.
[4]	We determined that the cumulative effect of initially applying Topic 606 as an adjustment to the opening balance of retained earnings was not material, and therefore we made no adjustment.

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Statement Of Financial Position [Abstract]
Allowance for doubtful accounts	$ 2,063	$ 2,023
Common stock, par value	$ 1.50	$ 1.50
Common stock, shares authorized	200,000,000	200,000,000
Common stock, shares issued	24,934,981	24,934,981
Common stock, shares outstanding	24,934,981	24,934,981
Treasury stock, shares	4,616,834	4,518,099

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands

3 Months Ended

6 Months Ended

Jun. 30, 2018

Jun. 30, 2017

Jun. 30, 2018

Jun. 30, 2017

Revenue:

Business interruption gain

$ 363,677

$ 364,774

$ 641,105

$ 690,581

Costs and expenses:

(377)

(1,087)

(567)

(1,140)

2,535

2,920

4,752

5,461

Interest income

(53)

(42)

(137)

(100)

Interest expense

2,354

2,059

4,423

4,164

Income from continuing operations before income taxes

^[1]

543

222

781

674

Restructuring charges

662

168

824

562

Impairment recoveries

(35)

(2,247)

(35)

(4,631)

Total costs and expenses

330,904

327,231

623,733

642,968

32,773

37,543

17,372

47,613

Income tax expense

9,114

10,178

4,476

12,919

Income from continuing operations

23,659

27,365

12,896

34,694

Income (loss) from discontinued operations

(279)

509

649

(307)

Net income

23,380

27,874

13,545

34,387

Net loss attributable to non-redeemable noncontrolling interest

33

73

397

337

Net loss attributable to redeemable noncontrolling interest

77

161

Net income attributable to Viad

$ 23,490

$ 27,947

$ 14,103

$ 34,724

Diluted income per common share:

Continuing operations attributable to Viad common stockholders

$ 1.16

$ 1.35

$ 0.65

$ 1.72

Discontinued operations attributable to Viad common stockholders

(0.01)

0.02

0.04

(0.02)

Net income attributable to Viad common stockholders

^[2]

$ 1.15

$ 1.37

$ 0.69

$ 1.70

Weighted-average outstanding and potentially dilutive common shares

20,436

20,364

20,446

20,355

Basic income per common share:

Continuing operations attributable to Viad common stockholders

$ 1.16

$ 1.35

$ 0.65

$ 1.72

Discontinued operations attributable to Viad common stockholders

(0.01)

0.02

0.04

(0.02)

Net income attributable to Viad common stockholders

$ 1.15

$ 1.37

$ 0.69

$ 1.70

Weighted-average outstanding common shares

20,209

20,140

20,208

20,112

Dividends declared per common share

$ 0.10

$ 0.20

Amounts attributable to Viad common stockholders

Income from continuing operations

$ 23,769

$ 27,438

$ 13,454

$ 35,031

Income (loss) from discontinued operations

(279)

509

649

(307)

Net income attributable to Viad

23,490

27,947

14,103

34,724

Services

Revenue:

314,723

319,179

560,271

609,822

Costs and expenses:

Costs and expenses

280,842

281,909

538,137

562,547

Products

Revenue:

Statement Of Income And Comprehensive Income [Abstract]

48,954

45,595

80,834

80,759

Costs and expenses:

Costs and expenses

$ 44,433

$ 43,329

$ 75,555

$ 75,431

[1]

We adopted ASU 2017-07 on January 1, 2018, which requires retrospective adoption. As a result, we recorded the nonservice cost component of net periodic benefit cost within other expense for the three and six months ended June 30, 2018, and we reclassified $0.2 million from operating expenses to other expense for the three months ended June 30, 2017 and $0.7 million for the six months ended June 30, 2017 to conform with current period presentation. Refer to Note 1 – Overview and Basis of Presentation for additional details on the impact of this adoption on our Condensed Consolidated Statements of Operations.

[2]

Diluted income (loss) per share amount cannot exceed basic income (loss) per share.

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($)
$ in Thousands

3 Months Ended

6 Months Ended

Jun. 30, 2018

Jun. 30, 2017

Jun. 30, 2018

Jun. 30, 2017

Net income

$ 23,380

$ 27,874

$ 13,545

$ 34,387

Other comprehensive income (loss):

Unrealized gains on investments, net of tax

^[1]

33

95

Unrealized foreign currency translation adjustments, net of tax

^[1]

(8,095)

7,360

(11,204)

9,705

Change in net actuarial gain, net of tax

^[1]

220

171

849

282

Change in prior service cost, net of tax

^[1]

4

(56)

(180)

(134)

Adoption of ASU 2016-01

(616)

Comprehensive income

15,509

35,382

2,394

44,335

Comprehensive loss attributable to non-redeemable noncontrolling interest

33

73

397

337

Comprehensive loss attributable to redeemable noncontrolling interest

77

161

Comprehensive income attributable to Viad

$ 15,619

$ 35,455

$ 2,952

$ 44,672

[1]	The tax effect on other comprehensive income (loss) is not significant.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Cash flows from operating activities
Net income	$ 13,545	$ 34,387
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	28,178	26,666
Deferred income taxes	2,727	412
(Income) loss from discontinued operations	(649)	307
Restructuring charges	824	562
Impairment recoveries	(35)	(4,631)
Gains on dispositions of property and other assets	(113)	(45)
Share-based compensation expense	2,762	4,747
Other non-cash items, net	2,681	2,373
Change in operating assets and liabilities (excluding the impact of acquisitions):
Receivables	(37,594)	(38,869)
Inventories	(3,043)	(3,210)
Current contract costs	(8,637)	(1,601)
Accounts payable	20,140	30,156
Restructuring liabilities	(904)	(1,496)
Accrued compensation	(5,753)	(3,834)
Contract liabilities	20,266	6,346
Income taxes payable	(8,904)	(81)
Other assets and liabilities, net	5,969	7,010
Net cash provided by operating activities	31,460	59,199
Cash flows from investing activities
Capital expenditures	(48,057)	(27,448)
Proceeds from insurance		6,886
Cash paid for acquired businesses, net		(1,661)
Proceeds from dispositions of property and other assets	1,292	662
Net cash used in investing activities	(46,765)	(21,561)
Cash flows from financing activities
Proceeds from borrowings	80,051	52,574
Payments on debt and capital lease obligations	(51,607)	(63,065)
Dividends paid on common stock	(4,095)	(4,077)
Debt issuance costs		(5)
Common stock purchased for treasury	(10,085)	(1,204)
Proceeds from exercise of stock options	84
Net cash provided by (used in) financing activities	14,348	(15,777)
Effect of exchange rate changes on cash and cash equivalents	(3,380)	1,281
Net change in cash and cash equivalents	(4,337)	23,142
Cash and cash equivalents, beginning of year	53,723	20,900
Cash and cash equivalents, end of period	$ 49,386	$ 44,042

Overview and Basis of Presentation

6 Months Ended

Jun. 30, 2018

Organization Consolidation And Presentation Of Financial Statements [Abstract]

Overview and Basis of Presentation

Note 1. Overview and Basis of Presentation

Nature of Business

We are an international experiential services company with operations principally in the United States, Canada, the United Kingdom, continental Europe, and the United Arab Emirates. We are committed to providing unforgettable experiences to our clients and guests. We operate through three reportable business segments: GES U.S., GES International (collectively, “GES”), and Pursuit.

GES

GES is a global, full-service provider for live events. GES’ clients include event organizers and corporate brand marketers. Event organizers schedule and run the event from start to finish. Corporate brand marketers include exhibitors and domestic and international corporations that want to promote their brands, services and innovations, feature new products, and build business relationships. GES serves corporate brand marketers when they exhibit at shows and when GES is engaged to manage their global exhibit program or produce their proprietary corporate events.

Services and Products Offered

GES offers a full suite of services and products for event organizers and corporate brand marketers through three main lines of business:

•

Core Services. GES provides official contracting services and products, including the design and production of experiences, material handling, rigging, electrical, and other on-site services.

•

Audio-Visual. GES offers a variety of high-impact multi-media services and technology, including video and lighting production, digital studio services, entertainment services and talent coordination, projection mapping, and computer rental and support.

•

Event Technology. GES offers a comprehensive range of event technology services, including event accommodation solutions, registration and data analytics, and event management tools.

Markets Served

GES provides the above services and products across four live event markets: Exhibitions, Conferences, Corporate Events, and Consumer Events (collectively, “Live Events”).

•

Exhibitions facilitate business-to-business and business-to-consumer sales and marketing.

•

Conferences facilitate attendee education and may also include an expo or trade show to further facilitate attendee education and to facilitate business-to-business and business-to-consumer sales and marketing.

•

Corporate events facilitate attendee education of the sponsoring company’s products or product ecosystem.

•

Consumer events entertain, educate, or create an experience, typically around a specific genre.

Pursuit

Pursuit is a collection of iconic natural and cultural destination travel experiences that enjoy perennial demand. Pursuit offers guests distinctive and world renowned experiences through its collection of unique hotels, lodges, recreational attractions, and transportation services.

Services and Products Offered

Pursuit comprises four lines of business: Hospitality, including food and beverage services and retail operations; Attractions, including food and beverage services and retail operations; Transportation; and Travel Planning. Services offered to these lines of business (or a subset of these) include accommodations, admissions, transportation, and travel planning. Products offered include food and beverage and retail.

Markets Served

Pursuit provides the above services and products across the following geographic markets:

•

Banff Jasper Collection. The Banff Jasper Collection is a leading travel and tourism provider in the Canadian Rockies in Alberta, Canada with two lodging properties in Banff National Park, one lodging property in Jasper National Park, five world-class recreational attractions, food and beverage services, retail operations, sightseeing and transportation services.

•

Alaska Collection. The Alaska Collection is a leading travel and tourism provider in Alaska with two lodging properties and a sightseeing excursion in Denali National Park and Preserve, a lodge in Talkeetna, Alaska’s top-rated wildlife and glacier cruise, and two lodging properties located near Kenai Fjords National Park. The Alaska Collection also provides food and beverage services and retail operations.

•

Glacier Park Collection. The Glacier Park Collection is an operator of seven lodging properties, 12 retail shops, and 11 dining outlets in and around Glacier National Park in Montana, and Waterton Lakes National Park in Alberta, Canada, with a leading share of rooms in that market.

•

FlyOver:

o

FlyOver Canada, located in Vancouver, British Columbia, is a recreational attraction that provides a virtual flight ride experience that combines motion seating, spectacular media, and visual effects including wind, scents, and mist to give the unforgettable experience of flying across Canada.

o

FlyOver Iceland is a recreational attraction under construction in Reykjavik, Iceland that will provide a virtual flight ride experience over some of Iceland’s most spectacular scenery and natural wonders with the same effects as FlyOver Canada. The new attraction is expected to open in 2019.

Basis of Presentation

Viad’s accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and with the instructions to Form 10-Q and Article 10 of Regulation S-X for interim financial information. Accordingly, these financial statements do not include all of the information required by GAAP or SEC rules and regulations for complete financial statements. These financial statements reflect all adjustments (consisting of normal recurring adjustments) necessary for a fair presentation of the results for the interim periods presented. Interim results are not necessarily indicative of the results for the full year. We have recast certain prior period amounts to conform to the current period presentation due to the adoption of new accounting standards. These unaudited condensed consolidated financial statements should be read in conjunction with our Annual Report on Form 10-K for the year ended December 31, 2017, filed with the SEC on February 28, 2018 (“2017 Form 10-K”).

The condensed consolidated financial statements include the accounts of Viad and its subsidiaries. We have eliminated all significant intercompany account balances and transactions in consolidation.

Impact of Recent Accounting Pronouncements

The following table provides a brief description of recent accounting pronouncements:

Standard	Description	Date of adoption	Effect on the financial statements
Standards Not Yet Adopted
ASU 2016-02, Leases (Topic 842)	The amendment requires lessees to recognize on their balance sheet a right-of-use asset and a lease liability for leases with lease terms greater than one year. The amendment requires additional disclosures about leasing arrangements, and previously allowed for only a modified retrospective approach to adoption. Subsequent to the issuance of ASU 2016-02, the FASB issued additional updates, which do not change the core principle of the guidance stated in ASU 2016-02. Rather, the updates provide additional (and optional) transition methods including the election under ASU 2018-11, which allows companies to not restate comparative periods when initially applying the transition requirements. Early adoption is permitted.	January 1, 2019	We are currently evaluating the potential impact the adoption of this new guidance will have on our financial position or results of operations including analyzing our existing operating leases. We do not expect our Consolidated Statement of Operations to be materially impacted. We expect the most significant impact will relate to facility and equipment leases, which are currently recorded as operating leases. Based on our leases in place on June 30, 2018, we currently anticipate recognizing an additional right-of-use asset and lease liability on the balance sheet in excess of $60 million upon adoption of the standard on January 1, 2019. We expect to adopt ASU 2018-11, which allows companies to use an optional transition method under which a cumulative adjustment to retained earnings during the period of adoption is recorded and prior periods would not require restatement. We are continuing our assessment, which may identify other impacts.
ASU 2018-02, Income Statement—Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income	The amendment addresses the effect of the Tax Cuts and Jobs Act (the “Tax Act”) on items within accumulated other comprehensive income (“AOCI”). Under current GAAP, the effects of changes in tax rates and laws on deferred tax balances are recorded as a component of income tax expense in the period in which the law was enacted. When deferred tax balances related to items originally recorded in AOCI are adjusted, certain tax effects become stranded in AOCI. This amendment allows a reclassification from AOCI to retained earnings for stranded tax effects. Early adoption is permitted.	January 1, 2019	We are currently evaluating the impact of the adoption of this new guidance on our consolidated financial statements and related disclosures. Refer to Note 16 – Income Taxes for additional information.

Standard	Description	Date of adoption	Effect on the financial statements
Standards Recently Adopted
ASU 2014-09, Revenue from Contracts with Customers (Topic 606)	The standard established a new recognition model that requires revenue to be recognized in a manner to depict the transfer of goods or services to a customer at an amount that reflects the consideration expected to be received in exchange for those goods or services.	January 1, 2018	We adopted ASU 2014-09 and its related amendments (collectively, “Topic 606”) on January 1, 2018 using the modified retrospective transition method. We determined that the cumulative effect of initially applying the new standard as an adjustment to the opening balance of retained earnings was not material (less than $0.2 million) and, therefore, we made no adjustment. The adoption of this standard did not have a material impact on our consolidated financial statements. The impact primarily related to the deferral of certain commissions which were previously expensed as incurred but are now capitalized and amortized over the period of contract performance, and the deferral of certain costs incurred in connection with trade shows which were previously expensed as incurred but are now capitalized and expensed upon the completion of the show. The new guidance resulted in expanded disclosures and processes to identify performance obligations. See additional transition disclosures immediately following this table and Note 2 – Revenue and Related Contract Costs and Contract Liabilities.
ASU 2016-01, Financial Instruments–Overall: Recognition and Measurement of Financial Assets and Financial Liabilities	The amendment includes a requirement for equity investments (except those accounted for under the equity method of accounting or those that result in consolidation of the investee) to be measured at fair value with changes in fair value recognized in net income.	January 1, 2018	We adopted this guidance prospectively in the first quarter of 2018 and recorded a cumulative-effect adjustment of $0.6 million to increase beginning retained earnings.
ASU 2017-04, Intangibles - Goodwill and Other (Topic 350) - Simplifying the Test for Goodwill Impairment	The amendment eliminates the requirement to estimate the implied fair value of goodwill if it is determined that the carrying amount of a reporting unit exceeds its fair value. Goodwill impairment will now be recognized by the amount by which a reporting unit’s carrying value exceeds its fair value, not to exceed the carrying amount of goodwill. Early adoption was permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017.	January 1, 2018	We early adopted this new guidance on January 1, 2018 on a prospective basis. As a result, we expect the adoption to reduce the complexity surrounding the analysis of goodwill impairment during our annual goodwill impairment tests as of October 31, 2018, or if an event occurs or circumstances change that would more-likely-than-not reduce the fair value of a reporting unit below its carrying value.
ASU 2017-07, Compensation - Retirement Benefits (Topic 715) - Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost	The amendment requires an employer to disaggregate the service cost components from the other components of net benefit cost. The service cost components are required to be presented in operating income and the other components of net benefit cost are required to be presented outside of operating income.	January 1, 2018	We adopted this new standard retrospectively on January 1, 2018. As a result, we recorded the nonservice cost component of net periodic benefit cost within other expense and reclassified from operating expenses (cost of services and corporate activities) to other expense $0.2 million for the three months ended June 30, 2017 and $0.7 million for the six months ended June 30, 2017 to conform to current period presentation. For additional details on the impact this adoption had on our results of operations, see the disclosures immediately following this table.
ASU 2018-05, Income Taxes (Topic 740)—Amendments to SEC paragraphs pursuant to SEC Staff Accounting Bulletin No. 118	This amends ASC 740 to incorporate the requirements of SEC Staff Accounting Bulletin No. 118, which provides guidance on accounting for the tax effects of the Tax Act for SEC registrants who do not have the necessary information available, prepared, or analyzed in reasonable detail to complete the accounting for certain income tax effects of the Tax Act.	Upon issuance	We recognized the provisional tax impacts of the Tax Act in the fourth quarter of 2017. During the three months ended June 30, 2018, we recorded a tax benefit of $0.1 million to the provisional estimate for the reduction in the corporate tax rate applied to the deferred tax assets included in the financial statements as of December 31, 2017 for the impact of the Tax Act. We continue to anticipate finalizing our analysis in connection with the completion of our tax return for 2017 to be filed in 2018. Refer to Note 16 – Income Taxes for additional information.

Prior to January 1, 2018, we presented revenue in our Condensed Consolidated Statements of Operations in three separate line items as follows:

	Three Months Ended		Six Months Ended
(in thousands)	June 30, 2017		June 30, 2017
Revenue:
Exhibition and event services	$	275,295	$	551,243
Exhibits and environments		44,814		86,737
Pursuit services		44,665		52,601
Total revenue	$	364,774	$	690,581

In connection with the adoption of Topic 606, we changed the presentation of revenue in our Condensed Consolidated Statements of Operations and now present total services revenue and total products revenue. As a result, we changed the prior reporting period to conform to the current period presentation as follows:

	Three Months Ended		Six Months Ended
(in thousands)	June 30, 2017		June 30, 2017
Revenue:
Services	$	319,179	$	609,822
Products		45,595		80,759
Total revenue	$	364,774	$	690,581

As a result of the change in presentation of revenue in the Condensed Consolidated Statements of Operations, we also made the following conforming changes to the presentation of cost of services and cost of products. The following table also summarizes the impact of adopting ASU 2017-07 on our Condensed Consolidated Statements of Operations:

	Three Months Ended June 30, 2017
(in thousands)	As Previously Reported		Reclassifications to Conform with Revenue Presentation			ASU 2017-07			As Newly Reported
Cost of services	$	284,884	$	(2,841	)	$	(134	)	$	281,909
Cost of products	$	40,488	$	2,841		$	—		$	43,329
Corporate activities	$	3,008	$	—		$	(88	)	$	2,920
Other expense	$	—	$	—		$	222		$	222

	Six Months Ended June 30, 2017
(in thousands)	As Previously Reported		Reclassifications to Conform with Revenue Presentation			ASU 2017-07			As Newly Reported
Cost of services	$	558,493	$	4,571		$	(517	)	$	562,547
Cost of products	$	80,002	$	(4,571	)	$	—		$	75,431
Corporate activities	$	5,618	$	—		$	(157	)	$	5,461
Other expense	$	—	$	—		$	674		$	674

Significant Accounting Policies

Use of Estimates

The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reported period. Estimates and assumptions are used in accounting for, among other things, the fair value of our reporting units used to perform annual impairment testing of recorded goodwill; allowances for uncollectible accounts receivable; provisions for income taxes, including uncertain tax positions; valuation allowances related to deferred tax assets; liabilities for losses related to self-insured liability claims; liabilities for losses related to environmental remediation obligations; sublease income associated with restructuring liabilities; assumptions used to measure pension and postretirement benefit costs and obligations; assumptions used to determine share-based compensation costs under the fair value method; assumptions used to determine the redemption value of redeemable noncontrolling interests; and allocation of purchase price of acquired businesses. Actual results could differ from these and other estimates.

Revenue Recognition

Beginning January 1, 2018, revenue is measured based on a specified amount of consideration in a contract with a customer, net of commissions paid to customers and amounts collected on behalf of third parties. We recognize revenue when a performance obligation is satisfied by transferring control of a product or service to a customer.

GES’ service revenue is primarily derived through its comprehensive range of services to event organizers and corporate brand marketers including Core Services, Audio-Visual, and Event Technology. GES’ service revenue is earned over the duration of the exhibition, conference or corporate event, which generally lasts one to three days; however we use the practical expedient of recognizing revenue at the close of the event when we have the right to invoice. GES’ product revenue is derived from the build of exhibits and environments and graphics. GES’ product revenue is recognized upon delivery of the product. GES’ service revenue and graphics product revenue are recognized over time as the customer simultaneously receives and consumes the benefits. GES’ product revenue from the build of exhibits is recognized at a point in time.

Pursuit’s service revenue is derived through its accommodations, admissions, transportation, and travel planning services. Pursuit’s product revenue is derived through food and beverage and retail sales. Pursuit’s revenue is recognized at the time services are performed or upon delivery of the product. Pursuit’s service revenue is recognized over time as the customer simultaneously receives and consumes the benefits. Pursuit’s product revenue is recognized at a point in time.

The impact of adopting Topic 606 on our unaudited Condensed Consolidated Statement of Operations was $0.8 million to cost of services and $0.6 million to net income for the three months ended June 30, 2018 and $1.6 million to cost of services and $1.2 million to net income for the six months ended June 30, 2018.

Noncontrolling Interests

Non-redeemable noncontrolling interest represents the portion of equity in a subsidiary that is not attributable, directly or indirectly, to us. Our non-redeemable noncontrolling interest relates to the 20% equity ownership interest that we do not own in Glacier Park, Inc. We report non-redeemable noncontrolling interest within stockholders’ equity in the Condensed Consolidated Balance Sheets. The amount of consolidated net income attributable to Viad and the non-redeemable noncontrolling interest is presented in the Condensed Consolidated Statements of Operations.

Noncontrolling interests with redemption features that are not solely within our control are considered redeemable noncontrolling interests. Our redeemable noncontrolling interest relates to the 54.5% equity ownership interest in Esja Attractions ehf. (“Esja”). The Esja shareholders agreement contains a put option that gives the minority Esja shareholders the right to sell (or “put”) their Esja shares to us based on a calculated formula within a predefined term. This redeemable noncontrolling interest is considered temporary equity and we report it between liabilities and stockholders’ equity in the Condensed Consolidated Balance Sheets. The amount of the net income or loss attributable to redeemable noncontrolling interests is recorded in the Condensed Consolidated Statements of Operations and the accretion of the redemption value is recorded as an adjustment to retained earnings and is included in our earnings (loss) per share. Refer to Note 20 – Redeemable Noncontrolling Interest for additional information.

Insurance Recoveries

Receipts from insurance up to the amount of the recognized losses are considered recoveries and are accounted for when they are probable of receipt. Anticipated proceeds in excess of the recognized loss are considered a gain contingency. A contingency gain for anticipated insurance proceeds in excess of losses already recognized is not recognized until all contingencies relating to the insurance claim have been resolved.

Insurance proceeds allocated to business interruption gains are reported as cash flows from operating activities, and proceeds allocated to impairment recoveries are reported as cash flows from investing activities. Insurance proceeds used for capitalizable costs are classified as cash flows from investing activities, and proceeds used for non-capitalizable costs are classified as operating activities.

Revenue and Related Contract Costs and Contract Liabilities

6 Months Ended

Jun. 30, 2018

Revenue From Contract With Customer [Abstract]

Note 2. Revenue and Related Contract Costs and Contract Liabilities

GES’ performance obligations consist of services or product(s) outlined in a contract. While multi-year contracts are often signed for recurring events, the obligations for each occurrence are well defined and conclude upon the occurrence of each event. The obligations are typically the provision of services or sale of a product in connection with an exhibition, conference, or other event. Revenue for services is recognized when we have a right to invoice at the close of the exhibition, conference, or corporate event, which typically lasts one to three days. Revenue for consumer events is recognized over the duration of the event. Revenue for products is recognized upon delivery or when we have the right to invoice, generally at the close of the exhibition, conference, or corporate event. Payment terms are generally within 30-60 days and contain no significant financing components.

Pursuit’s performance obligations are short-term in nature. They include the provision of a hotel room, an attraction admission, a chartered or ticketed bus or van ride, the fulfillment of travel planning itineraries, and/or the sale of food, beverage, or retail products. Revenue is recognized when the service has been provided or the product has been delivered. When credit is extended, payment terms are generally within 30 days and contain no significant financing components.

Contract Liabilities

Customer deposits are typically received by GES and Pursuit prior to transferring the related product or service to the customer. These deposits are recorded as a contract liability and recognized as revenue upon satisfaction of the related contract performance obligation(s). GES also provides customer rebates and volume discounts to certain event organizers that are recorded as contract liabilities and are recognized as a reduction of revenue. These amounts are included in the Condensed Consolidated Balance Sheets under the caption “Contract liabilities.”

Changes to contract liabilities are as follows:

(in thousands)
Balance at January 1, 2018	$	31,981
Cash additions		87,716
Revenue recognized		(68,676	)
Foreign exchange translation adjustment		(602	)
Balance at June 30, 2018	$	50,419

Contract Costs

GES capitalizes certain incremental costs incurred in obtaining and fulfilling contracts. Capitalized costs principally relate to direct costs of materials and services incurred in fulfilling services of future exhibitions, conferences, and events, and also include up-front incentives and commissions incurred upon contract signing. Costs associated with preliminary contract activities (i.e. proposal activities) are expensed as incurred. Capitalized contract costs are expensed upon the transfer of the related goods or services and are included in cost of services or cost of products sold, as applicable. The deferred incremental costs of obtaining and fulfilling contracts are included in the Condensed Consolidated Balance Sheets under the captions “Current contract costs” and “Other investments and assets.” These amounts were previously reported in inventories under “Work in process.”

We elected to apply the following practical expedients related to performance obligations:

Not to disclose the amount of consideration allocated to the remaining performance obligations or an explanation of when we expect to recognize that amount as revenue as of December 31, 2017 and not to disclose the value of unsatisfied performance obligations for contracts with an original duration of one year or less because the vast majority of our contract liabilities relate to future exhibitions and events that will occur within the next 12 months.

Changes to contract costs are as follows:

(in thousands)
Balance at January 1, 2018	$	16,878
Additions		32,720
Expenses		(22,514	)
Foreign exchange translation adjustment		(412	)
Balance at June 30, 2018	$	26,672

As of June 30, 2018, capitalized contract costs consisted of $1.8 million to obtain contracts and $24.9 million to fulfill contracts. We did not recognize an impairment loss with respect to capitalized contract costs.

Disaggregation of Revenue

The following tables disaggregate GES and Pursuit revenue by major product line, timing of revenue recognition, and markets served:

GES

	Three Months Ended June 30, 2018
(in thousands)	GES U.S.		GES International		Intersegment Eliminations			Total
Services:
Core services	$	193,315	$	50,257	$	—		$	243,572
Audio-visual		20,741		6,553		—			27,294
Event technology		10,534		2,847		—			13,381
Intersegment eliminations		—		—		(6,346	)		(6,346	)
Total services		224,590		59,657		(6,346	)		277,901
Products:
Core products		16,649		20,772		—			37,421
Total revenue	$	241,239	$	80,429	$	(6,346	)	$	315,322

Timing of revenue recognition:
Services transferred over time	$	224,590	$	59,657	$	(6,346	)	$	277,901
Products transferred over time⁽¹⁾		10,084		5,710		—			15,794
Products transferred at a point in time		6,565		15,062		—			21,627
Total revenue	$	241,239	$	80,429	$	(6,346	)	$	315,322

Markets:
Exhibitions	$	125,174	$	53,368	$	—		$	178,542
Conferences		84,599		17,226		—			101,825
Corporate events		25,810		8,570		—			34,380
Consumer events		5,656		1,265		—			6,921
Intersegment eliminations		—		—		(6,346	)		(6,346	)
Total revenue	$	241,239	$	80,429	$	(6,346	)	$	315,322

⁽¹⁾	GES’ graphics product revenue is recognized over time as it is considered a part of the single performance obligation satisfied over time.

	Six Months Ended June 30, 2018
(in thousands)	GES U.S.		GES International		Intersegment Eliminations			Total
Services:
Core services	$	356,682	$	96,470	$	—		$	453,152
Audio-visual		37,825		9,721		—			47,546
Event technology		18,569		6,121		—			24,690
Intersegment eliminations		—		—		(9,694	)		(9,694	)
Total services		413,076		112,312		(9,694	)		515,694
Products:
Core products		32,031		35,303		—			67,334
Total revenue	$	445,107	$	147,615	$	(9,694	)	$	583,028

Timing of revenue recognition:
Services transferred over time	$	413,076	$	112,312	$	(9,694	)	$	515,694
Products transferred over time⁽¹⁾		20,676		9,817		—			30,493
Products transferred at a point in time		11,355		25,486		—			36,841
Total revenue	$	445,107	$	147,615	$	(9,694	)	$	583,028

Markets:
Exhibitions	$	255,668	$	108,698	$	—		$	364,366
Conferences		122,415		23,887		—			146,302
Corporate events		55,254		13,430		—			68,684
Consumer events		11,770		1,600		—			13,370
Intersegment eliminations		—		—		(9,694	)		(9,694	)
Total revenue	$	445,107	$	147,615	$	(9,694	)	$	583,028

⁽¹⁾	GES’ graphics product revenue is recognized over time as it is considered a part of the single performance obligation satisfied over time.

Pursuit

	Three Months Ended			Six Months Ended
(in thousands)	June 30, 2018			June 30, 2018
Services:
Accommodations	$	9,030		$	10,735
Admissions		23,480			27,059
Transportation		4,321			6,690
Travel planning		491			799
Intersegment eliminations		(500	)		(706	)
Total services revenue		36,822			44,577
Products:
Food and beverage		6,705			7,924
Retail operations		4,828			5,576
Total products revenue		11,533			13,500
Total revenue	$	48,355		$	58,077

Timing of revenue recognition:
Services transferred over time	$	36,822		$	44,577
Products transferred at a point in time		11,533			13,500
Total revenue	$	48,355		$	58,077

Markets:
Banff Jasper Collection	$	28,519		$	35,608
Alaska Collection		10,614			10,827
Glacier Park Collection		6,640			7,266
FlyOver		2,582			4,376
Total revenue	$	48,355		$	58,077

Balance Sheet Reclassifications

In connection with the adoption of Topic 606, we made the following reclassifications to separately present contract costs and contract liabilities on the Condensed Consolidated Balance Sheet as of December 31, 2017:

	December 31, 2017
(in thousands)	As Previously Reported		Reclassifications			As Adjusted
Cash and cash equivalents	$	53,723		—		$	53,723
Accounts receivable, net		104,811		—			104,811
Inventories ⁽¹⁾		30,372		(12,822	)		17,550
Current contract costs ⁽¹⁾		—		13,436			13,436
Other current assets ⁽¹⁾		21,030		(1,289	)		19,741
Property and equipment, net		305,571		—			305,571
Other investments and assets ⁽¹⁾		47,512		675			48,187
Deferred income taxes		23,548		—			23,548
Goodwill		270,551		—			270,551
Other intangible assets, net		62,781		—			62,781
Total assets	$	919,899		—		$	919,899
Accounts payable	$	77,380		—		$	77,380
Customer deposits ⁽²⁾		33,415		(33,415	)		—
Contract liabilities ⁽²⁾		—		31,981			31,981
Accrued compensation		30,614		—			30,614
Other current liabilities ⁽²⁾		38,720		1,434			40,154
Debt and capital lease obligations, current and long-term		209,192		—			209,192
Pension and postretirement benefits		28,135		—			28,135
Other deferred items and liabilities		52,858		—			52,858
Total liabilities		470,314		—			470,314
Redeemable noncontrolling interest		6,648		—			6,648
Total stockholders’ equity ⁽³⁾		442,937		—			442,937
Total liabilities and stockholders’ equity	$	919,899		—		$	919,899

⁽¹⁾

Contract costs primarily consist of deferred core services costs (including labor and vendor purchases) required to service future exhibitions, conferences and other events, and commission expenses incurred to obtain contracts. All such costs were previously included in “Inventories” and in certain other assets. As a result of the changes noted above, deferred core services costs related to exhibitions and events that are scheduled to occur longer than one year in the future are currently included in “Other investments and assets”. The impact of this change reduced total current assets at December 31, 2017 by $0.7 million. The amount of deferred core services costs included in “Other investments and assets” at June 30, 2018 was $5.1 million.

⁽²⁾

In connection with the adoption of Topic 606, we elected to more prominently present contract liabilities on the Consolidated Balance Sheets. Consequently, customer deposits of $33.4 million as of December 31, 2017, have been reclassified to “Contract liabilities” and to other certain current liabilities to conform to the current period presentation.

⁽³⁾	We determined that the cumulative effect of initially applying Topic 606 as an adjustment to the opening balance of retained earnings was not material, and therefore we made no adjustment.

Share-Based Compensation

6 Months Ended

Jun. 30, 2018

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Share-Based Compensation

Note 3. Share-Based Compensation

The following table summarizes share-based compensation expense:

	Three Months Ended						Six Months Ended
	June 30,						June 30,
(in thousands)	2018			2017			2018			2017
Performance unit incentive plan (“PUP”)	$	1,324		$	1,927		$	1,518		$	3,243
Restricted stock		667			774			1,170			1,397
Restricted stock units		54			47			74			107
Share-based compensation before income tax benefit		2,045			2,748			2,762			4,747
Income tax benefit		(515	)		(1,028	)		(696	)		(1,772	)
Share-based compensation, net of income tax benefit	$	1,530		$	1,720		$	2,066		$	2,975

We did not record any share-based compensation expense through restructuring expense during the three and six months ended June 30, 2018 or 2017.

The following table summarizes the activity of the outstanding share-based compensation awards:

	PUP Awards					Restricted Stock					Restricted Stock Units
	Shares			Weighted-Average Grant Date Fair Value		Shares			Weighted-Average Grant Date Fair Value		Shares			Weighted-Average Grant Date Fair Value
Balance at December 31, 2017		239,338		$	32.80		206,899		$	33.16		12,750		$	30.94
Granted		76,925		$	52.03		47,157		$	51.93		3,669		$	52.28
Vested		(75,761	)	$	27.29		(62,684	)	$	27.28		(4,300	)	$	27.35
Forfeited		—		$	—		(2,306	)	$	39.84		(258	)	$	37.69
Balance at June 30, 2018		240,502		$	40.68		189,066		$	39.71		11,861		$	38.70

Viad Corp Omnibus Incentive Plan

We grant share-based compensation awards to our officers, directors, and certain key employees pursuant to the 2017 Viad Corp Omnibus Incentive Plan (the “2017 Plan”). The 2017 Plan has a 10-year life and provides for the following types of awards: (a) incentive and non-qualified stock options; (b) restricted stock and restricted stock units; (c) performance units or performance shares; (d) stock appreciation rights; (e) cash-based awards; and (f) certain other stock-based awards. In June 2017, we registered 1,750,000 shares of common stock issuable under the 2017 Plan. As of June 30, 2018, there were 1,667,216 shares available for future grant under the 2017 Plan.

PUP Awards

The vesting of PUP award shares is based upon achievement of certain performance-based criteria. The performance period of the shares is three years.

During the six months ended June 30, 2018, we granted PUP awards with a grant date fair value of $4.0 million of which $1.6 million are payable in shares. Liabilities related to PUP awards were $6.0 million as of June 30, 2018 and $11.0 million as of December 31, 2017. In March 2018, PUP awards granted in 2015 vested and we distributed cash payouts of $5.9 million. In March 2017, PUP awards granted in 2014 vested and we distributed cash payouts of $3.7 million.

Restricted Stock

As of June 30, 2018, the unamortized cost of outstanding restricted stock awards was $3.7 million, which we expect to recognize over a weighted-average period of approximately 1.4 years. We repurchased 19,237 shares for $1.0 million during the six months ended June 30, 2018 and 25,642 shares for $1.2 million during the six months ended June 30, 2017 related to tax withholding requirements on vested share-based awards.

Restricted Stock Units

Aggregate liabilities related to restricted stock units were $0.3 million as of June 30, 2018 and $0.5 million as of December 31, 2017. In February 2018, the 2015 restricted stock units vested and we distributed $0.2 million in cash payouts. In February 2017, portions of the 2012 and 2014 restricted stock units vested and we distributed $0.3 million in cash payouts.

Stock Options

The following table summarizes stock option activity:

	Shares			Weighted-Average Exercise Price
Options outstanding and exercisable at December 31, 2017		63,773		$	16.62
Exercised		(5,084	)	$	16.62
Options outstanding and exercisable at June 30, 2018		58,689		$	16.62

Acquisition of Business	6 Months Ended
Acquisition of Business	Jun. 30, 2018
Business Combinations [Abstract]
Acquisition of Business	Note 4. Acquisition of Business Esja On November 3, 2017, we acquired the controlling interest (54.5% of the common stock) in Esja, a private corporation in Reykjavik, Iceland. Esja is developing and will operate a new FlyOver Iceland attraction, which is expected to open in 2019. The purchase price was €8.2 million (approximately $9.5 million) in cash, and the shareholders agreement includes a put option that gives the minority Esja shareholders the right to sell (or “put”) their Esja shares to us based on a calculated formula within a predefined term. The noncontrolling interest’s carrying value is determined by the fair value of the noncontrolling interest as of the acquisition date, the noncontrolling interest’s share of the subsequent net income or loss, and the accretion of the redemption value of the put option. As of the transaction date, the fair value of the noncontrolling interest was estimated to be $6.7 million. The fair value of the noncontrolling interest was finalized as of March 31, 2018 with no adjustments. Refer to Note 20 – Redeemable Noncontrolling Interest for additional information. Under the acquisition method of accounting, the purchase price is allocated to the assets acquired and liabilities assumed based on their estimated fair values. The excess purchase price over fair value of net assets acquired is recorded as goodwill. Goodwill is included in the Pursuit business group and the primary factor that contributed to the purchase price resulting in the recognition of goodwill relates to future expected income from operations after opening in 2019. Goodwill is deductible for tax purposes. Transaction costs associated with the Esja acquisition were $0.1 million in 2018 and 2017, which are included in corporate activities in the Condensed Consolidated Statements of Operations. The Esja results of operations have been included in the condensed consolidated financial statements from the date of acquisition. Esja had operating losses, representing start-up costs, of $0.2 million during the three months ended June 30, 2018 and $0.4 million during the six months ended June 30, 2018.

Inventories

6 Months Ended

Jun. 30, 2018

Inventory Disclosure [Abstract]

Deferred Costs Capitalized Prepaid And Other Assets Disclosure [Abstract]

Note 5. Inventories

The components of inventories consisted of the following:

	June 30,		December 31,
(in thousands)	2018		2017
Raw materials	$	20,361	$	17,550
Work in process ⁽¹⁾		—		—
Inventories	$	20,361	$	17,550

⁽¹⁾

Upon the adoption of Topic 606, the deferred incremental costs of obtaining and fulfilling contracts that were previously reported in Inventories under “Work in process” are currently reported under “Current contract costs” and “Other investments and assets.” Refer to Note 2 – Revenue and Related Contract Costs and Contract Liabilities for additional information.

Other Current Assets

6 Months Ended

Jun. 30, 2018

Other Current Assets

Note 6. Other Current Assets

Other current assets consisted of the following:

	June 30,		December 31,
(in thousands)	2018		2017
Income tax receivable	$	14,138	$	4,237
Prepaid vendor payments		5,903		5,048
Prepaid software maintenance		4,828		3,386
Prepaid taxes		959		912
Prepaid insurance		845		2,610
Prepaid rent		793		730
Prepaid other		3,510		2,172
Other		191		646
Other current assets	$	31,167	$	19,741

Property and Equipment

6 Months Ended

Jun. 30, 2018

Property Plant And Equipment [Abstract]

Property and Equipment

Note 7. Property and Equipment

Property and equipment consisted of the following:

	June 30,			December 31,
(in thousands)	2018			2017
Land and land interests	$	32,197		$	32,544
Buildings and leasehold improvements		243,622			222,118
Equipment and other		364,480			351,676
Gross property and equipment		640,299			606,338
Accumulated depreciation		(315,348	)		(300,767	)
Property and equipment, net	$	324,951		$	305,571

Depreciation expense was $12.3 million for the three months ended June 30, 2018 and $22.6 million for the six months ended June 30, 2018. Depreciation expense was $11.3 million for the three months ended June 30, 2017 and $20.4 million for six months ended June 30, 2017.

Property and equipment acquired under capital leases increased $2.1 million during the six months ended June 30, 2018 and $0.8 million during the six months ended June 30, 2017. Property and equipment purchased through accounts payable and accrued liabilities increased $0.1 million during the six months ended June 30, 2018 and $2.0 million for the six months ended June 30, 2017.

Other Investments and Assets

6 Months Ended

Jun. 30, 2018

Investments All Other Investments [Abstract]

Other Investments and Assets

Note 8. Other Investments and Assets

Other investments and assets consisted of the following:

	June 30,		December 31,
(in thousands)	2018		2017
Cash surrender value of life insurance	$	24,116	$	23,947
Self-insured liability receivable		10,442		10,442
Contract costs ⁽¹⁾		5,147		3,442
Workers’ compensation insurance security deposits		3,550		3,550
Other mutual funds		2,838		2,637
Other		3,487		4,169
Other investments and assets	$	49,580	$	48,187

⁽¹⁾

Upon the adoption of Topic 606, the deferred incremental costs of obtaining and fulfilling contracts that were previously reported in Inventories under “Work in process” are currently reported under “Current contract costs” and “Other investments and assets.” Refer to Note 2 – Revenue and Related Contract Costs and Contract Liabilities for additional information.

Goodwill and Other Intangible Assets

6 Months Ended

Jun. 30, 2018

Goodwill And Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets

Note 9. Goodwill and Other Intangible Assets

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

(in thousands)	GES U.S.		GES International			Pursuit			Total
Balance at December 31, 2017	$	148,277	$	38,840		$	83,434		$	270,551
Foreign currency translation adjustments		—		(1,038	)		(3,490	)		(4,528	)
Balance at June 30, 2018	$	148,277	$	37,802		$	79,944		$	266,023

Other intangible assets consisted of the following:

	June 30, 2018							December 31, 2017
(in thousands)	Gross Carrying Value		Accumulated Amortization			Net Carrying Value		Gross Carrying Value		Accumulated Amortization			Net Carrying Value
Amortized intangible assets:
Customer contracts and relationships	$	68,454	$	(27,708	)	$	40,746	$	68,798	$	(23,696	)	$	45,102
Operating contracts and licenses		9,530		(1,207	)		8,323		9,951		(1,094	)		8,857
Tradenames		8,553		(3,343	)		5,210		8,633		(2,873	)		5,760
Non-compete agreements		5,298		(3,573	)		1,725		5,363		(3,007	)		2,356
Other		1,678		(745	)		933		896		(650	)		246
Total amortized intangible assets		93,513		(36,576	)		56,937		93,641		(31,320	)		62,321
Unamortized intangible assets:
Business licenses		460		—			460		460		—			460
Other intangible assets	$	93,973	$	(36,576	)	$	57,397	$	94,101	$	(31,320	)	$	62,781

Intangible asset amortization expense was $2.9 million for the three months ended June 30, 2018 and $5.5 million for the six months ended June 30, 2018. Intangible asset amortization expense was $3.3 million for the three months ended June 30, 2017 and $6.3 million for the six months ended June 30, 2017. The weighted-average amortization period of: customer contracts and relationships is approximately 8.1 years, operating contracts and licenses is approximately 25.9 years, tradenames is approximately 6.6 years, non-compete agreements is approximately 1.8 years, and other amortizable intangible assets is approximately 8.2 years. The estimated future amortization expense related to amortized intangible assets held at June 30, 2018 is as follows:

(in thousands)
Year ending December 31,
Remainder of 2018	$	5,527
2019		9,951
2020		8,455
2021		7,465
2022		5,932
Thereafter		19,607
Total	$	56,937

Other Current Liabilities

6 Months Ended

Jun. 30, 2018

Other Liabilities Current [Abstract]

Other Current Liabilities

Note 10. Other Current Liabilities

Other current liabilities consisted of the following:

	June 30,		December 31,
(in thousands)	2018		2017
Continuing operations:
Accommodation services deposits ⁽¹⁾	$	10,358	$	2,540
Self-insured liability		6,255		6,208
Commissions payable		4,634		3,235
Accrued sales and use taxes		4,576		2,431
Accrued employee benefit costs		3,979		2,915
Accrued income tax payable		3,135		7,518
Accrued dividends		2,097		2,094
Current portion of pension and postretirement liabilities		1,921		2,109
Deferred rent		1,601		1,679
Accrued professional fees		662		1,020
Accrued restructuring		528		722
Accrued rebates⁽²⁾		—		—
Other taxes		2,908		2,750
Other		3,851		3,852
Total continuing operations		46,505		39,073
Discontinued operations:
Environmental remediation liabilities		720		648
Self-insured liability		401		337
Other		85		96
Total discontinued operations		1,206		1,081
Total other current liabilities	$	47,711	$	40,154

⁽¹⁾

With the adoption of Topic 606, we present customer deposits as “Contract liabilities” as they are received prior to transferring the related product or service to the customer. We recognize revenue upon satisfaction of the related contract performance obligation(s). We reclassified $2.5 million of GES’ events accommodation services deposits out of “Contract liabilities” to “Other current liabilities” on the December 31, 2017 Condensed Consolidated Balance Sheet as they do not represent “Contract liabilities” but rather deposits from hotel guests that are passed on to the hotels. Refer to Note 2 – Revenue and Related Contract Costs and Contract Liabilities for additional information.

⁽²⁾

With the adoption of Topic 606, we reclassified $1.1 million of accrued rebates to “Contract liabilities” on the December 31, 2017 Condensed Consolidated Balance Sheet as they represent future performance obligations. Refer to Note 2 – Revenue and Related Contract Costs and Contract Liabilities for additional information.

Other Deferred Items and Liabilities

6 Months Ended

Jun. 30, 2018

Other Liabilities Disclosure [Abstract]

Other Deferred Items and Liabilities

Note 11. Other Deferred Items and Liabilities

Other deferred items and liabilities consisted of the following:

	June 30,		December 31,
(in thousands)	2018		2017
Continuing operations:
Self-insured liability	$	13,130	$	12,918
Self-insured excess liability		10,442		10,442
Foreign deferred tax liability		8,590		8,267
Accrued compensation		6,237		9,740
Deferred rent		3,654		3,855
Accrued restructuring		1,790		1,827
Other		1,303		1,305
Total continuing operations		45,146		48,354
Discontinued operations:
Self-insured liability		2,358		2,557
Environmental remediation liabilities		1,616		1,728
Other		237		219
Total discontinued operations		4,211		4,504
Total other deferred items and liabilities	$	49,357	$	52,858

Debt and Capital Lease Obligations

6 Months Ended

Jun. 30, 2018

Debt Disclosure [Abstract]

Debt and Capital Lease Obligations

Note 12. Debt and Capital Lease Obligations

The components of long-term debt and capital lease obligations consisted of the following:

	June 30,			December 31,
(in thousands, except interest rates)	2018			2017
Revolving credit facility and term loan 3.6% weighted-average interest rate at June 30, 2018 and 3.1% at December 31, 2017, due through 2019 ⁽¹⁾	$	216,751		$	207,322
Brewster Inc. revolving credit facility 3.1% weighted-average interest rate at June 30, 2018 ⁽¹⁾		19,487			—
Less unamortized debt issuance costs		(717	)		(984	)
Total debt		235,521			206,338
Capital lease obligations 4.2% weighted-average interest rate at June 30, 2018 and 3.8% at December 31, 2017, due through 2021		3,957			2,854
Total debt and capital lease obligations		239,478			209,192
Current portion ⁽²⁾		(190,967	)		(152,599	)
Long-term debt and capital lease obligations	$	48,511		$	56,593

⁽¹⁾	Represents the weighted-average interest rate in effect at the respective periods for the revolving credit facilities and term loan borrowings, including any applicable margin. The interest rates do not include amortization of debt issuance costs or commitment fees.

⁽²⁾	Borrowings under the revolving credit facilities are classified as current because all borrowed amounts are due within one year.

Effective December 22, 2014, we entered into a $300 million Amended and Restated Credit Agreement (the “Credit Agreement”). The Credit Agreement provides for a senior credit facility in the aggregate amount of $300 million, which consists of a $175 million revolving credit facility (the “Revolving Credit Facility”) and a $125 million term loan (the “Term Loan”). The Credit Agreement has a maturity date of December 22, 2019. Proceeds from the loans made under the Credit Agreement were used to refinance certain of our outstanding debt and will be used for general corporate purposes in the ordinary course of business. Under the Credit Agreement, either or both of the Revolving Credit Facility and the Term Loan may be increased up to an additional $100 million under certain circumstances. If such circumstances are met, we may obtain the additional borrowings under the Revolving Credit Facility, the Term Loan, or a combination of the two. The Revolving Credit Facility has a $40 million sublimit for letters of credit. Borrowings and letters of credit can be denominated in U.S. dollars, Euros, Canadian dollars, or British pounds. Our lenders under the Credit Agreement have a first perfected security interest in all of our personal property including GES, GES Event Intelligence Services, Inc., CATC Alaska Tourism Corporation (“CATC”), and ON Event Services, LLC (“ON Services”), and 65% of the capital stock of our top-tier foreign subsidiaries.

Effective February 24, 2016, we executed an amendment (“Amendment No. 1”) to the Credit Agreement. Amendment No. 1 modified the terms of the financial covenants and the negative covenants related to acquisitions, restricted payments, and indebtedness. The overall maximum leverage ratio and minimum fixed charge coverage ratio are 3.50 to 1.00 and 1.75 to 1.00, respectively, and will remain at those levels for the entire remaining term of the Credit Agreement. Acquisitions in substantially the same or related lines of business are permitted under Amendment No. 1, as long as the pro forma leverage ratio is less than or equal to 3.00 to 1.00. We can make dividends, distributions, and repurchases of our common stock up to $20 million per calendar year. Stock dividends, distributions, and repurchases above the $20 million limit are not subject to a liquidity covenant, and are permitted as long as our pro forma leverage ratio is less than or equal to 2.50 to 1.00 and no default or unmatured default, as defined in the Credit Agreement, exists. Unsecured debt is allowed as long as our pro forma leverage ratio is less than or equal to 3.00 to 1.00. Significant other covenants under the Credit Agreement that were not affected by Amendment No. 1 include limitations on investments, sales/leases of assets, consolidations or mergers, and liens on property. As of June 30, 2018, the fixed charge coverage ratio was 2.63 to 1.00, the leverage ratio was 1.99 to 1.00, and we were in compliance with all covenants under the Credit Agreement.

Effective December 28, 2016, Brewster Inc., part of Pursuit, entered into a credit agreement (the “Brewster Credit Agreement”) with a $38 million revolving credit facility (the “Brewster Revolver”). The Brewster Credit Agreement was used in connection with the FlyOver Canada acquisition in December 2016. Effective December 6, 2017, we amended the Brewster Revolver to reduce the amount to $20 million and extend the maturity date to December 28, 2018. Effective May 18, 2018, we executed a second amendment to the Brewster Revolver to increase the amount to $30 million. The additional loan capacity will be used for potential future acquisitions in Canada and other general corporate purposes. The lender under the Brewster Revolver has a first perfected security interest in all of Brewster Inc.’s personal property and a guaranty from Brewster Inc.’s immediate parent, Brewster Travel Canada Inc. (secured by its present and future personal property), Viad, and all of its current or future subsidiaries that are required to be guarantors under Viad’s Credit Agreement. The fees on the unused portion of the Brewster Revolver are currently 0.25% annually.

As of June 30, 2018, our total debt and capital lease obligations were $239.5 million, consisting of outstanding borrowings under the Term Loan of $65.6 million, the Revolving Credit Facility of $151.1 million, the Brewster Revolver of $19.5 million, and capital lease obligations of $4.0 million, offset in part by unamortized debt issuance costs of $0.7 million. As of June 30, 2018, capacity remaining under the Revolving Credit Facility was $22.6 million, reflecting borrowings of $151.1 million and $1.3 million in outstanding letters of credit. As of June 30, 2018, Brewster Inc. had $10.5 million of capacity remaining under the Brewster Revolver.

Borrowings under the Revolving Credit Facility (of which GES, GES Event Intelligence Services, Inc., CATC, and ON Services are guarantors) are indexed to the prime rate or the London Interbank Offered Rate, plus appropriate spreads tied to our leverage ratio. Commitment fees and letters of credit fees are also tied to our leverage ratio. The fees on the unused portion of the Revolving Credit Facility are currently 0.35% annually.

The estimated fair value of total debt was $233.5 million as of June 30, 2018 and $203.2 million as of December 31, 2017. The fair value of debt was estimated by discounting the future cash flows using rates currently available for debt of similar terms and maturity, which is a Level 2 measurement. Refer to Note 13 – Fair Value Measurements.

Cash paid for interest on debt was $4.1 million for the six months ended June 30, 2018 and $3.6 million for the six months ended June 30, 2017.

Fair Value Measurements

6 Months Ended

Jun. 30, 2018

Fair Value Disclosures [Abstract]

Fair Value Measurements

Note 13. Fair Value Measurements

The fair value of an asset or liability is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The fair value guidance requires an entity to maximize the use of quoted prices and other observable inputs and minimize the use of unobservable inputs when measuring fair value, and also establishes a fair value hierarchy, which prioritizes the inputs to valuation techniques used to measure fair value as follows:

Level 1 - Quoted prices in active markets for identical assets or liabilities.

Level 2 - Observable inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly.

Level 3 - Unobservable inputs to the valuation methodology that are significant to the measurement of fair value.

Money market mutual funds and certain other mutual fund investments are measured at fair value on a recurring basis using Level 1 inputs. The fair value information related to these assets is summarized in the following tables:

			Fair Value Measurements at Reporting Date Using
(in thousands)	June 30, 2018		Quoted Prices in Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets:
Money market funds⁽¹⁾	$	120	$	120	$	—	$	—
Other mutual funds⁽²⁾		2,838		2,838		—		—
Total assets at fair value on a recurring basis	$	2,958	$	2,958	$	—	$	—

			Fair Value Measurements at Reporting Date Using
(in thousands)	December 31, 2017		Quoted Prices in Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets:
Money market funds⁽¹⁾	$	119	$	119	$	—	$	—
Other mutual funds⁽²⁾		2,637		2,637		—		—
Total assets at fair value on a recurring basis	$	2,756	$	2,756	$	—	$	—

⁽¹⁾

Money market funds are included in “Cash and cash equivalents” in the Condensed Consolidated Balance Sheets. These investments are classified as available-for-sale and are recorded at fair value. There have been no realized gains or losses related to these investments and we have not experienced any redemption restrictions with respect to any of the money market mutual funds.

⁽²⁾

Other mutual funds are included in “Other investments and assets” in the Condensed Consolidated Balance Sheets. Upon the adoption of ASU 2016-01, unrealized gains on equity securities that were previously classified as available-for-sale are recognized in net income rather than “Accumulated other comprehensive income” (“AOCI”). We adopted this guidance prospectively on January 1, 2018 and recognized a cumulative-effect adjustment of $0.6 million to beginning retained earnings, which represents unrealized gains of $1.0 million ($0.6 million after tax) as of December 31, 2017 that were included in AOCI in the Condensed Consolidated Balance Sheets. Refer to Note 14 – Stockholders’ Equity for additional information.

The carrying values of cash and cash equivalents, receivables, and accounts payable approximate fair value due to the short-term maturities of these instruments. Refer to Note 12 – Debt and Capital Lease Obligations for the estimated fair value of debt obligations.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Stockholders' Equity

6 Months Ended

Jun. 30, 2018

Equity [Abstract]

Stockholders' Equity

Note 14. Stockholders’ Equity

The following represents a reconciliation of the carrying amounts of stockholders’ equity attributable to Viad and the non-redeemable noncontrolling interest for the six months ended June 30, 2018 and 2017:

(in thousands)	Total Viad Stockholders’ Equity			Non-redeemable Noncontrolling Interest			Total Stockholders’ Equity
Balance at December 31, 2017	$	429,131		$	13,806		$	442,937
Net income (loss)		14,103			(397	)		13,706
Dividends on common stock ($0.20 per share)		(4,095	)		—			(4,095	)
Common stock purchased for treasury		(10,085	)		—			(10,085	)
Employee benefit plans		4,211			—			4,211
Unrealized foreign currency translation adjustment		(11,204	)		—			(11,204	)
Other changes to AOCI		669			—			669
Other		42			—			42
Balance at June 30, 2018	$	422,772		$	13,409		$	436,181

(in thousands)	Total Viad Stockholders’ Equity			Non-redeemable Noncontrolling Interest			Total Stockholders’ Equity
Balance at December 31, 2016	$	357,355		$	13,283		$	370,638
Net income (loss)		34,724			(337	)		34,387
Dividends on common stock ($0.20 per share)		(4,077	)		—			(4,077	)
Common stock purchased for treasury		(1,204	)		—			(1,204	)
Employee benefit plans		3,982			—			3,982
Unrealized foreign currency translation adjustment		9,705			—			9,705
Other changes to AOCI		243			—			243
Other		47			—			47
Balance at June 30, 2017	$	400,775		$	12,946		$	413,721

Changes in AOCI by component are as follows:

(in thousands)	Unrealized Gains on Investments			Cumulative Foreign Currency Translation Adjustments			Unrecognized Net Actuarial Loss and Prior Service Credit, Net			Accumulated Other Comprehensive Income (Loss)
Balance at December 31, 2017	$	616		$	(12,026	)	$	(11,158	)	$	(22,568	)
Adoption of ASU 2016-01⁽¹⁾		(616	)		—			—			(616	)
Other comprehensive income before reclassifications		—			(11,204	)		—			(11,204	)
Amounts reclassified from AOCI, net of tax		—			—			669			669
Net other comprehensive income (loss)		(616	)		(11,204	)		669			(11,151	)
Balance at June 30, 2018	$	—		$	(23,230	)	$	(10,489	)	$	(33,719	)

⁽¹⁾	Upon the adoption of ASU 2016-01, we recorded a cumulative-effect adjustment from unrealized gains on investments to beginning retained earnings.

Amounts reclassified that relate to our defined benefit pension and postretirement plans include the amortization of prior service costs and actuarial net losses recognized during the six months ended June 30, 2018 and 2017. These costs are recorded as components of net periodic cost for each period presented. Refer to Note 17 – Pension and Postretirement Benefits for additional information.

Amounts reclassified that relate to unrealized gains on equity securities classified as available-for-sale include $1.0 million ($0.6 million after tax) as of December 31, 2017. Upon the adoption of ASU 2016-01, unrealized gains on equity securities are recognized in net income. Refer to Note 13 – Fair Value Measurements for additional information.

Noncontrolling interests with redemption features that are not solely within our control are considered redeemable noncontrolling interests. Redeemable noncontrolling interest is considered temporary equity and we report it between liabilities and stockholders’ equity in the Condensed Consolidated Balance Sheets. Refer to Note 20 – Redeemable Noncontrolling Interest for additional information.

Income Per Share

6 Months Ended

Jun. 30, 2018

Earnings Per Share [Abstract]

Income Per Share

Note 15. Income Per Share

The components of basic and diluted income per share are as follows:

	Three Months Ended						Six Months Ended
	June 30,						June 30,
(in thousands, except per share data)	2018			2017			2018			2017
Net income attributable to Viad (diluted)	$	23,490		$	27,947		$	14,103		$	34,724
Less: Allocation to non-vested shares		(222	)		(345	)		(139	)		(442	)
Adjustment to the redemption value of redeemable noncontrolling interest		(52	)		—			(90	)		—
Net income allocated to Viad common stockholders (basic)	$	23,216		$	27,602		$	13,874		$	34,282
Basic weighted-average outstanding common shares		20,209			20,140			20,208			20,112
Additional dilutive shares related to share-based compensation		227			224			238			243
Diluted weighted-average outstanding shares		20,436			20,364			20,446			20,355
Income per share:
Basic income attributable to Viad common stockholders	$	1.15		$	1.37		$	0.69		$	1.70
Diluted income attributable to Viad common stockholders⁽¹⁾	$	1.15		$	1.37		$	0.69		$	1.70

⁽¹⁾	Diluted income (loss) per share amount cannot exceed basic income (loss) per share.

Income Taxes	6 Months Ended
Income Taxes	Jun. 30, 2018
Income Tax Disclosure [Abstract]
Income Taxes	Note 16. Income Taxes The effective tax rate was 27.8% for the three months ended June 30, 2018 and 27.1% for the three months ended June 30, 2017. The effective tax rate was 25.8% for the six months ended June 30, 2018 and 27.1% for the six months ended June 30, 2017. The income tax provision was computed based on our estimated effective tax rate and forecasted income by jurisdiction expected for the full year, including the impact of any unusual, infrequent, or non-recurring items. The effective tax rate for the six months ended June 30, 2018 was more than the federal statutory rate of 21% primarily due to foreign income taxed at higher rates, the impact of U.S. tax reform, specifically certain non-deductible business expenses, and the increase in the effective state tax rate. The effective tax rate for the six months ended June 30, 2017 was less than the federal statutory rate of 35% primarily due to the excess tax benefit on share-based compensation and the release of a valuation allowance. We revised our current year estimate of the global intangible low-taxed income (“GILTI”) tax based on additional research and interpretation of the Tax Act and we have determined that the GILTI tax will be fully offset by foreign tax credits generated, resulting in a reduction of the annualized effective tax rate from the prior quarter. During the three months ended June 30, 2018, we recorded a tax benefit of $0.1 million to the provisional estimate for the reduction in the corporate tax rate applied to the deferred tax assets included in the financial statements as of December 31, 2017 for the impact of the Tax Act. We expect to complete the analysis of the deemed mandatory repatriation tax and record any adjustments within the one year period provided under SEC Staff Accounting Bulletin 118. Cash paid for income taxes was $16.8 million for the six months ended June 30, 2018 and $7.1 million for the six months ended June 30, 2017.

Pension and Postretirement Benefits

6 Months Ended

Jun. 30, 2018

Compensation And Retirement Disclosure [Abstract]

Pension and Postretirement Benefits

Note 17. Pension and Postretirement Benefits

The components of net periodic benefit cost of our pension and postretirement benefit plans for the three months ended June 30, 2018 and 2017 consist of the following:

	Domestic Plans
	Pension Plans						Postretirement Benefit Plans						Foreign Pension Plans
(in thousands)	2018			2017			2018			2017			2018			2017
Service cost	$	33		$	39		$	32		$	17		$	138		$	128
Interest cost		200			178			114			93			91			113
Expected return on plan assets		(45	)		(68	)		—			—			(126	)		(146	)
Amortization of prior service credit		—			—			(19	)		(105	)		—			—
Recognized net actuarial loss		124			94			65			20			39			45
Net periodic benefit cost	$	312		$	243		$	192		$	25		$	142		$	140

The components of net periodic benefit cost of our pension and postretirement benefit plans for the six months ended June 30, 2018 and 2017 consist of the following:

	Domestic Plans
	Pension Plans						Postretirement Benefit Plans						Foreign Pension Plans
(in thousands)	2018			2017			2018			2017			2018			2017
Service cost	$	35		$	48		$	56		$	47		$	280		$	258
Interest cost		387			407			208			219			183			226
Expected return on plan assets		(80	)		(107	)		—			—			(256	)		(294	)
Amortization of prior service credit		—			—			(103	)		(216	)		—			—
Recognized net actuarial loss		246			230			117			120			80			89
Net periodic benefit cost	$	588		$	578		$	278		$	170		$	287		$	279

We expect to contribute $1.0 million to our funded pension plans, $1.0 million to our unfunded pension plans, and $1.1 million to our postretirement benefit plans in 2018. During the six months ended June 30, 2018, we contributed $0.5 million to our funded pension plans, $0.4 million to our unfunded pension plans, and $0.6 million to our postretirement benefit plans.

Restructuring Charges

6 Months Ended

Jun. 30, 2018

Restructuring And Related Activities [Abstract]

Restructuring Charges

Note 18. Restructuring Charges

GES

We have taken certain restructuring actions designed to reduce our cost structure primarily within GES. We implemented a strategic reorganization plan in order to consolidate the separate business units within GES U.S. We also consolidated facilities and streamlined our operations in the U.S., Canada, and the United Kingdom. As a result, we recorded restructuring charges primarily consisting of severance and related benefits as a result of workforce reductions and charges related to the consolidation and downsizing of facilities representing the remaining operating lease obligations (net of estimated sublease income) and related costs.

Other Restructurings

We recorded restructuring charges in connection with certain reorganization activities within Pursuit. These charges primarily consist of severance and related benefits due to headcount reductions.

Changes to the restructuring liability by major restructuring activity are as follows:

	GES						Other Restructurings
(in thousands)	Severance & Employee Benefits			Facilities			Severance & Employee Benefits			Total
Balance at December 31, 2017	$	1,551		$	807		$	191		$	2,549
Restructuring charges		694			—			130			824
Cash payments		(694	)		(38	)		(295	)		(1,027	)
Adjustment to liability		437			(451	)		(14	)		(28	)
Balance at June 30, 2018	$	1,988		$	318		$	12		$	2,318

As of June 30, 2018, we expect to pay the liabilities related to severance and employee benefits by the end of 2020. Additionally, for GES the liability related to future lease payments will be paid over the remaining lease terms. Refer to Note 21 – Segment Information, for information regarding restructuring charges by segment.

Litigation, Claims, Contingencies and Other	6 Months Ended
Litigation, Claims, Contingencies and Other	Jun. 30, 2018
Commitments And Contingencies Disclosure [Abstract]
Litigation, Claims, Contingencies and Other	Note 19. Litigation, Claims, Contingencies, and Other We are plaintiffs or defendants to various actions, proceedings, and pending claims, some of which involve, or may involve, compensatory, punitive, or other damages. Litigation is subject to many uncertainties and it is possible that some of the legal actions, proceedings, or claims could be decided against us. Although the amount of liability as of June 30, 2018 with respect to these matters is not ascertainable, we believe that any resulting liability, after taking into consideration amounts already provided for and insurance coverage, will not have a material effect on our business, financial position, or results of operations. We are subject to various U.S. federal, state, and foreign laws and regulations governing the prevention of pollution and the protection of the environment in the jurisdictions in which we have or had operations. If we fail to comply with these environmental laws and regulations, civil and criminal penalties could be imposed and we could become subject to regulatory enforcement actions in the form of injunctions and cease and desist orders. As is the case with many companies, we also face exposure to actual or potential claims and lawsuits involving environmental matters relating to our past operations. As of June 30, 2018, we had recorded environmental remediation liabilities of $2.3 million related to previously sold operations. Although we are a party to certain environmental disputes, we believe that any resulting liabilities, after taking into consideration amounts already provided for and insurance coverage, will not have a material effect on our financial position or results of operations. As of June 30, 2018, on behalf of our subsidiaries, we had certain obligations under guarantees to third parties. These guarantees are not subject to liability recognition in the condensed consolidated financial statements and relate to leased facilities entered into by our subsidiary operations. We would generally be required to make payments to the respective third parties under these guarantees in the event that the related subsidiary could not meet its own payment obligations. The maximum potential amount of future payments that we would be required to make under all guarantees existing as of June 30, 2018 would be $17.7 million. These guarantees relate to our leased facilities through October 2027. There are no recourse provisions that would enable us to recover from third parties any payments made under the guarantees. Furthermore, there are no collateral or similar arrangements whereby we could recover payments. A significant number of our employees are unionized and we are a party to approximately 100 collective-bargaining agreements, with approximately one-third requiring renegotiation each year. If we are unable to reach an agreement with a union during the collective-bargaining process, the union may call for a strike or work stoppage, which may, under certain circumstances, adversely impact our business and results of operations. We believe that relations with our employees are satisfactory and that collective-bargaining agreements expiring in 2018 will be renegotiated in the ordinary course of business without having a material adverse effect on our operations. We entered into showsite and warehouse agreements with the Chicago Teamsters Local 727, effective January 1, 2014, and those agreements contain provisions that allow the parties to re-open negotiation of the agreements on pension-related issues. We are in informal discussions regarding those issues with all relevant parties to resolve those issues in a manner that will be reasonable and equitable to employees, customers, and shareholders. Although our labor relations are currently stable, disruptions pending the outcome of the Chicago Teamsters Local 727 negotiations could occur, as they could with any collective-bargaining agreement negotiation, with the possibility of an adverse impact on the operating results of GES. Our business contributes to various multi-employer pension plans based on obligations arising under collective-bargaining agreements covering our union-represented employees. Based upon the information available from plan administrators, we believe that several of these multi-employer plans are underfunded. The Pension Protection Act of 2006 requires pension plans underfunded at certain levels to reduce, over defined time periods, the underfunded status. In addition, under current laws, the termination of a plan, or a voluntary withdrawal from a plan by us, or a shrinking contribution base to a plan as a result of the insolvency or withdrawal of other contributing employers to such plan, would require us to make payments to such plan for our proportionate share of the plan’s unfunded vested liabilities. As of June 30, 2018, the amount of additional funding, if any, that we would be required to make related to multi-employer pension plans is not ascertainable. We are self-insured up to certain limits for workers’ compensation, employee health benefits, automobile, product and general liability, and property loss claims. The aggregate amount of insurance liabilities (up to our retention limit) related to our continuing operations was $19.4 million as of June 30, 2018 which includes $14.0 million related to workers’ compensation liabilities, and $5.4 million related to general/auto liability claims. We have also retained and provided for certain insurance liabilities in conjunction with previously sold businesses of $2.8 million as of June 30, 2018, related to workers’ compensation liabilities. The estimated employee health benefit claims incurred but not yet reported was $1.7 million as of June 30, 2018. Provisions for losses for claims incurred, including estimated claims incurred but not yet reported, are made based on our historical experience, claims frequency, and other factors. A change in the assumptions used could result in an adjustment to recorded liabilities. We have purchased insurance for amounts in excess of the self-insured levels, which generally range from $0.2 million to $0.5 million on a per claim basis. We do not maintain a self-insured retention pool fund as claims are paid from current cash resources at the time of settlement. Our net cash payments in connection with these insurance liabilities were $1.2 million for the three months ended June 30, 2018 and $1.2 million for the three months ended June 30, 2017 and $2.7 million for the six months ended June 30, 2018 and $2.5 million for the six months ended June 30, 2017. In addition, as of June 30, 2018, we have recorded insurance liabilities of $10.4 million related to continuing operations, which represents the amount for which we remain the primary obligor after self-insured insurance limits, without taking into consideration the above-referenced insurance coverage. Of this total, $6.9 million related to workers’ compensation liabilities and $3.5 million related to general/auto liability claims which are recorded in other deferred items and liabilities in the Condensed Consolidated Balance Sheets with a corresponding receivable in other investments.

Redeemable Noncontrolling Interest

6 Months Ended

Jun. 30, 2018

Noncontrolling Interest [Abstract]

Redeemable Noncontrolling Interest

Note 20. Redeemable Noncontrolling Interest

On November 3, 2017, we acquired the controlling interest (54.5% of the common stock) in Esja, a private corporation in Reykjavik, Iceland, which is developing and will operate a new FlyOver Iceland attraction.

The minority Esja shareholders have the right to sell (or “put”) their Esja shares to us based on a multiple of 5.0x EBITDA as calculated on the trailing 12 months from the most recently completed quarter before the put option exercise. The put option is only exercisable after 36 months of business operation (the “Reference Date”) and if the FlyOver Iceland attraction has earned a minimum of €3.25 million in unadjusted EBITDA during the most recent fiscal year and during the trailing 12-month period prior to exercise (the “Put Option Condition”). The put option is exercisable during a period of 12 months following the Reference Date (the “Option Period”) and if the Put Option Condition has been met. If the Put Option Condition has not been met during the first Option Period, the Reference Date will be extended for an additional 12 months up to three times. If after 72 months, the FlyOver Iceland attraction has not achieved the Put Option Condition, the put option expires. If the Put Option Condition is met during any of the Option Periods, yet the shares are not exercised prior to the end of the 12-month Option Period, the put option will expire.

The noncontrolling interest’s carrying value is determined by the fair value of the noncontrolling interest as of the acquisition date and the noncontrolling interest’s share of the subsequent net income or loss. This value is benchmarked against the redemption value of the sellers’ put option. The carrying value is adjusted to the redemption value, provided that it does not fall below the initial carrying value, as determined by the purchase price allocation. We have made a policy election to reflect any changes caused by such an adjustment to retained earnings, rather than to current earnings.

Changes in the redeemable noncontrolling interest is as follows:

(in thousands)
Balance at December 31, 2017	$	6,648
Net loss attributable to redeemable noncontrolling interest		(161	)
Adjustment to the redemption value		90
Foreign currency translation adjustment		(64	)
Balance at June 30, 2018	$	6,513

Segment Information

6 Months Ended

Jun. 30, 2018

Segment Reporting [Abstract]

Segment Information

Note 21. 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:

	Three Months Ended						Six Months Ended
	June 30,						June 30,
(in thousands)	2018			2017			2018			2017
Revenue:
GES:
U.S.	$	241,239		$	242,031		$	445,107		$	499,242
International		80,429			85,283			147,615			149,182
Intersegment eliminations		(6,346	)		(7,205	)		(9,694	)		(10,444	)
Total GES		315,322			320,109			583,028			637,980
Pursuit		48,355			44,665			58,077			52,601
Total revenue	$	363,677		$	364,774		$	641,105		$	690,581
Segment operating income (loss):
GES:
U.S.	$	20,838		$	21,320		$	19,282		$	42,666
International		8,167			9,349			10,303			11,382
Total GES		29,005			30,669			29,585			54,048
Pursuit		9,757			9,938			(1,638	)		(337	)
Segment operating income		38,762			40,607			27,947			53,711
Corporate eliminations ⁽¹⁾		17			16			33			32
Corporate activities		(2,535	)		(2,920	)		(4,752	)		(5,461	)
Operating income		36,244			37,703			23,228			48,282
Interest income		53			42			137			100
Interest expense		(2,354	)		(2,059	)		(4,423	)		(4,164	)
Other expense ⁽²⁾		(543	)		(222	)		(781	)		(674	)
Restructuring recoveries (charges):
GES U.S.		(240	)		(47	)		(240	)		(71	)
GES International		(422	)		(121	)		(454	)		(354	)
Pursuit		—			—			(140	)		—
Corporate		—			—			10			(137	)
Impairment recoveries:
Pursuit		35			2,247			35			4,631
Income from continuing operations before income taxes	$	32,773		$	37,543		$	17,372		$	47,613

⁽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.

⁽²⁾

We adopted ASU 2017-07 on January 1, 2018, which requires retrospective adoption. As a result, we recorded the nonservice cost component of net periodic benefit cost within other expense for the three and six months ended June 30, 2018, and we reclassified $0.2 million from operating expenses to other expense for the three months ended June 30, 2017 and $0.7 million for the six months ended June 30, 2017 to conform with current period presentation. Refer to Note 1 – Overview and Basis of Presentation for additional details on the impact of this adoption on our Condensed Consolidated Statements of Operations.

Common Stock Repurchases	6 Months Ended
Common Stock Repurchases	Jun. 30, 2018
Equity [Abstract]
Common Stock Repurchases	Note 22. Common Stock Repurchases We previously announced our Board of Directors’ authorization to repurchase shares of our common stock from time to time at prevailing market prices. During the six months ended June 30, 2018, we repurchased 175,091 shares on the open market for $9.1 million. As of June 30, 2018, 265,449 shares remain available for repurchase. We repurchased 19,237 shares for $1.0 million during the six months ended June 30, 2018 and 25,642 shares for $1.2 million during the six months ended June 30, 2017 related to tax withholding requirements on vested share based awards.

Overview and Basis of Presentation (Policies)

6 Months Ended

Jun. 30, 2018

Organization Consolidation And Presentation Of Financial Statements [Abstract]

Nature of Business

We are an international experiential services company with operations principally in the United States, Canada, the United Kingdom, continental Europe, and the United Arab Emirates. We are committed to providing unforgettable experiences to our clients and guests. We operate through three reportable business segments: GES U.S., GES International (collectively, “GES”), and Pursuit.

GES

GES is a global, full-service provider for live events. GES’ clients include event organizers and corporate brand marketers. Event organizers schedule and run the event from start to finish. Corporate brand marketers include exhibitors and domestic and international corporations that want to promote their brands, services and innovations, feature new products, and build business relationships. GES serves corporate brand marketers when they exhibit at shows and when GES is engaged to manage their global exhibit program or produce their proprietary corporate events.

Services and Products Offered

GES offers a full suite of services and products for event organizers and corporate brand marketers through three main lines of business:

•

Core Services. GES provides official contracting services and products, including the design and production of experiences, material handling, rigging, electrical, and other on-site services.

•

Audio-Visual. GES offers a variety of high-impact multi-media services and technology, including video and lighting production, digital studio services, entertainment services and talent coordination, projection mapping, and computer rental and support.

•

Event Technology. GES offers a comprehensive range of event technology services, including event accommodation solutions, registration and data analytics, and event management tools.

Markets Served

GES provides the above services and products across four live event markets: Exhibitions, Conferences, Corporate Events, and Consumer Events (collectively, “Live Events”).

•

Exhibitions facilitate business-to-business and business-to-consumer sales and marketing.

•

Conferences facilitate attendee education and may also include an expo or trade show to further facilitate attendee education and to facilitate business-to-business and business-to-consumer sales and marketing.

•

Corporate events facilitate attendee education of the sponsoring company’s products or product ecosystem.

•

Consumer events entertain, educate, or create an experience, typically around a specific genre.

Pursuit

Pursuit is a collection of iconic natural and cultural destination travel experiences that enjoy perennial demand. Pursuit offers guests distinctive and world renowned experiences through its collection of unique hotels, lodges, recreational attractions, and transportation services.

Services and Products Offered

Pursuit comprises four lines of business: Hospitality, including food and beverage services and retail operations; Attractions, including food and beverage services and retail operations; Transportation; and Travel Planning. Services offered to these lines of business (or a subset of these) include accommodations, admissions, transportation, and travel planning. Products offered include food and beverage and retail.

Markets Served

Pursuit provides the above services and products across the following geographic markets:

•

Banff Jasper Collection. The Banff Jasper Collection is a leading travel and tourism provider in the Canadian Rockies in Alberta, Canada with two lodging properties in Banff National Park, one lodging property in Jasper National Park, five world-class recreational attractions, food and beverage services, retail operations, sightseeing and transportation services.

•

Alaska Collection. The Alaska Collection is a leading travel and tourism provider in Alaska with two lodging properties and a sightseeing excursion in Denali National Park and Preserve, a lodge in Talkeetna, Alaska’s top-rated wildlife and glacier cruise, and two lodging properties located near Kenai Fjords National Park. The Alaska Collection also provides food and beverage services and retail operations.

•

Glacier Park Collection. The Glacier Park Collection is an operator of seven lodging properties, 12 retail shops, and 11 dining outlets in and around Glacier National Park in Montana, and Waterton Lakes National Park in Alberta, Canada, with a leading share of rooms in that market.

•

FlyOver:

o

FlyOver Canada, located in Vancouver, British Columbia, is a recreational attraction that provides a virtual flight ride experience that combines motion seating, spectacular media, and visual effects including wind, scents, and mist to give the unforgettable experience of flying across Canada.

o

FlyOver Iceland is a recreational attraction under construction in Reykjavik, Iceland that will provide a virtual flight ride experience over some of Iceland’s most spectacular scenery and natural wonders with the same effects as FlyOver Canada. The new attraction is expected to open in 2019.

Basis of Presentation

Viad’s accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and with the instructions to Form 10-Q and Article 10 of Regulation S-X for interim financial information. Accordingly, these financial statements do not include all of the information required by GAAP or SEC rules and regulations for complete financial statements. These financial statements reflect all adjustments (consisting of normal recurring adjustments) necessary for a fair presentation of the results for the interim periods presented. Interim results are not necessarily indicative of the results for the full year. We have recast certain prior period amounts to conform to the current period presentation due to the adoption of new accounting standards. These unaudited condensed consolidated financial statements should be read in conjunction with our Annual Report on Form 10-K for the year ended December 31, 2017, filed with the SEC on February 28, 2018 (“2017 Form 10-K”).

The condensed consolidated financial statements include the accounts of Viad and its subsidiaries. We have eliminated all significant intercompany account balances and transactions in consolidation.

Impact of Recent Accounting Pronouncements

The following table provides a brief description of recent accounting pronouncements:

Standard	Description	Date of adoption	Effect on the financial statements
Standards Not Yet Adopted
ASU 2016-02, Leases (Topic 842)	The amendment requires lessees to recognize on their balance sheet a right-of-use asset and a lease liability for leases with lease terms greater than one year. The amendment requires additional disclosures about leasing arrangements, and previously allowed for only a modified retrospective approach to adoption. Subsequent to the issuance of ASU 2016-02, the FASB issued additional updates, which do not change the core principle of the guidance stated in ASU 2016-02. Rather, the updates provide additional (and optional) transition methods including the election under ASU 2018-11, which allows companies to not restate comparative periods when initially applying the transition requirements. Early adoption is permitted.	January 1, 2019	We are currently evaluating the potential impact the adoption of this new guidance will have on our financial position or results of operations including analyzing our existing operating leases. We do not expect our Consolidated Statement of Operations to be materially impacted. We expect the most significant impact will relate to facility and equipment leases, which are currently recorded as operating leases. Based on our leases in place on June 30, 2018, we currently anticipate recognizing an additional right-of-use asset and lease liability on the balance sheet in excess of $60 million upon adoption of the standard on January 1, 2019. We expect to adopt ASU 2018-11, which allows companies to use an optional transition method under which a cumulative adjustment to retained earnings during the period of adoption is recorded and prior periods would not require restatement. We are continuing our assessment, which may identify other impacts.
ASU 2018-02, Income Statement—Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income	The amendment addresses the effect of the Tax Cuts and Jobs Act (the “Tax Act”) on items within accumulated other comprehensive income (“AOCI”). Under current GAAP, the effects of changes in tax rates and laws on deferred tax balances are recorded as a component of income tax expense in the period in which the law was enacted. When deferred tax balances related to items originally recorded in AOCI are adjusted, certain tax effects become stranded in AOCI. This amendment allows a reclassification from AOCI to retained earnings for stranded tax effects. Early adoption is permitted.	January 1, 2019	We are currently evaluating the impact of the adoption of this new guidance on our consolidated financial statements and related disclosures. Refer to Note 16 – Income Taxes for additional information.

Standard	Description	Date of adoption	Effect on the financial statements
Standards Recently Adopted
ASU 2014-09, Revenue from Contracts with Customers (Topic 606)	The standard established a new recognition model that requires revenue to be recognized in a manner to depict the transfer of goods or services to a customer at an amount that reflects the consideration expected to be received in exchange for those goods or services.	January 1, 2018	We adopted ASU 2014-09 and its related amendments (collectively, “Topic 606”) on January 1, 2018 using the modified retrospective transition method. We determined that the cumulative effect of initially applying the new standard as an adjustment to the opening balance of retained earnings was not material (less than $0.2 million) and, therefore, we made no adjustment. The adoption of this standard did not have a material impact on our consolidated financial statements. The impact primarily related to the deferral of certain commissions which were previously expensed as incurred but are now capitalized and amortized over the period of contract performance, and the deferral of certain costs incurred in connection with trade shows which were previously expensed as incurred but are now capitalized and expensed upon the completion of the show. The new guidance resulted in expanded disclosures and processes to identify performance obligations. See additional transition disclosures immediately following this table and Note 2 – Revenue and Related Contract Costs and Contract Liabilities.
ASU 2016-01, Financial Instruments–Overall: Recognition and Measurement of Financial Assets and Financial Liabilities	The amendment includes a requirement for equity investments (except those accounted for under the equity method of accounting or those that result in consolidation of the investee) to be measured at fair value with changes in fair value recognized in net income.	January 1, 2018	We adopted this guidance prospectively in the first quarter of 2018 and recorded a cumulative-effect adjustment of $0.6 million to increase beginning retained earnings.
ASU 2017-04, Intangibles - Goodwill and Other (Topic 350) - Simplifying the Test for Goodwill Impairment	The amendment eliminates the requirement to estimate the implied fair value of goodwill if it is determined that the carrying amount of a reporting unit exceeds its fair value. Goodwill impairment will now be recognized by the amount by which a reporting unit’s carrying value exceeds its fair value, not to exceed the carrying amount of goodwill. Early adoption was permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017.	January 1, 2018	We early adopted this new guidance on January 1, 2018 on a prospective basis. As a result, we expect the adoption to reduce the complexity surrounding the analysis of goodwill impairment during our annual goodwill impairment tests as of October 31, 2018, or if an event occurs or circumstances change that would more-likely-than-not reduce the fair value of a reporting unit below its carrying value.
ASU 2017-07, Compensation - Retirement Benefits (Topic 715) - Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost	The amendment requires an employer to disaggregate the service cost components from the other components of net benefit cost. The service cost components are required to be presented in operating income and the other components of net benefit cost are required to be presented outside of operating income.	January 1, 2018	We adopted this new standard retrospectively on January 1, 2018. As a result, we recorded the nonservice cost component of net periodic benefit cost within other expense and reclassified from operating expenses (cost of services and corporate activities) to other expense $0.2 million for the three months ended June 30, 2017 and $0.7 million for the six months ended June 30, 2017 to conform to current period presentation. For additional details on the impact this adoption had on our results of operations, see the disclosures immediately following this table.
ASU 2018-05, Income Taxes (Topic 740)—Amendments to SEC paragraphs pursuant to SEC Staff Accounting Bulletin No. 118	This amends ASC 740 to incorporate the requirements of SEC Staff Accounting Bulletin No. 118, which provides guidance on accounting for the tax effects of the Tax Act for SEC registrants who do not have the necessary information available, prepared, or analyzed in reasonable detail to complete the accounting for certain income tax effects of the Tax Act.	Upon issuance	We recognized the provisional tax impacts of the Tax Act in the fourth quarter of 2017. During the three months ended June 30, 2018, we recorded a tax benefit of $0.1 million to the provisional estimate for the reduction in the corporate tax rate applied to the deferred tax assets included in the financial statements as of December 31, 2017 for the impact of the Tax Act. We continue to anticipate finalizing our analysis in connection with the completion of our tax return for 2017 to be filed in 2018. Refer to Note 16 – Income Taxes for additional information.

Prior to January 1, 2018, we presented revenue in our Condensed Consolidated Statements of Operations in three separate line items as follows:

	Three Months Ended		Six Months Ended
(in thousands)	June 30, 2017		June 30, 2017
Revenue:
Exhibition and event services	$	275,295	$	551,243
Exhibits and environments		44,814		86,737
Pursuit services		44,665		52,601
Total revenue	$	364,774	$	690,581

In connection with the adoption of Topic 606, we changed the presentation of revenue in our Condensed Consolidated Statements of Operations and now present total services revenue and total products revenue. As a result, we changed the prior reporting period to conform to the current period presentation as follows:

	Three Months Ended		Six Months Ended
(in thousands)	June 30, 2017		June 30, 2017
Revenue:
Services	$	319,179	$	609,822
Products		45,595		80,759
Total revenue	$	364,774	$	690,581

As a result of the change in presentation of revenue in the Condensed Consolidated Statements of Operations, we also made the following conforming changes to the presentation of cost of services and cost of products. The following table also summarizes the impact of adopting ASU 2017-07 on our Condensed Consolidated Statements of Operations:

	Three Months Ended June 30, 2017
(in thousands)	As Previously Reported		Reclassifications to Conform with Revenue Presentation			ASU 2017-07			As Newly Reported
Cost of services	$	284,884	$	(2,841	)	$	(134	)	$	281,909
Cost of products	$	40,488	$	2,841		$	—		$	43,329
Corporate activities	$	3,008	$	—		$	(88	)	$	2,920
Other expense	$	—	$	—		$	222		$	222

	Six Months Ended June 30, 2017
(in thousands)	As Previously Reported		Reclassifications to Conform with Revenue Presentation			ASU 2017-07			As Newly Reported
Cost of services	$	558,493	$	4,571		$	(517	)	$	562,547
Cost of products	$	80,002	$	(4,571	)	$	—		$	75,431
Corporate activities	$	5,618	$	—		$	(157	)	$	5,461
Other expense	$	—	$	—		$	674		$	674

Use of Estimates

The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reported period. Estimates and assumptions are used in accounting for, among other things, the fair value of our reporting units used to perform annual impairment testing of recorded goodwill; allowances for uncollectible accounts receivable; provisions for income taxes, including uncertain tax positions; valuation allowances related to deferred tax assets; liabilities for losses related to self-insured liability claims; liabilities for losses related to environmental remediation obligations; sublease income associated with restructuring liabilities; assumptions used to measure pension and postretirement benefit costs and obligations; assumptions used to determine share-based compensation costs under the fair value method; assumptions used to determine the redemption value of redeemable noncontrolling interests; and allocation of purchase price of acquired businesses. Actual results could differ from these and other estimates.

Revenue Recognition

Beginning January 1, 2018, revenue is measured based on a specified amount of consideration in a contract with a customer, net of commissions paid to customers and amounts collected on behalf of third parties. We recognize revenue when a performance obligation is satisfied by transferring control of a product or service to a customer.

GES’ service revenue is primarily derived through its comprehensive range of services to event organizers and corporate brand marketers including Core Services, Audio-Visual, and Event Technology. GES’ service revenue is earned over the duration of the exhibition, conference or corporate event, which generally lasts one to three days; however we use the practical expedient of recognizing revenue at the close of the event when we have the right to invoice. GES’ product revenue is derived from the build of exhibits and environments and graphics. GES’ product revenue is recognized upon delivery of the product. GES’ service revenue and graphics product revenue are recognized over time as the customer simultaneously receives and consumes the benefits. GES’ product revenue from the build of exhibits is recognized at a point in time.

Pursuit’s service revenue is derived through its accommodations, admissions, transportation, and travel planning services. Pursuit’s product revenue is derived through food and beverage and retail sales. Pursuit’s revenue is recognized at the time services are performed or upon delivery of the product. Pursuit’s service revenue is recognized over time as the customer simultaneously receives and consumes the benefits. Pursuit’s product revenue is recognized at a point in time.

The impact of adopting Topic 606 on our unaudited Condensed Consolidated Statement of Operations was $0.8 million to cost of services and $0.6 million to net income for the three months ended June 30, 2018 and $1.6 million to cost of services and $1.2 million to net income for the six months ended June 30, 2018.

Noncontrolling Interests

Non-redeemable noncontrolling interest represents the portion of equity in a subsidiary that is not attributable, directly or indirectly, to us. Our non-redeemable noncontrolling interest relates to the 20% equity ownership interest that we do not own in Glacier Park, Inc. We report non-redeemable noncontrolling interest within stockholders’ equity in the Condensed Consolidated Balance Sheets. The amount of consolidated net income attributable to Viad and the non-redeemable noncontrolling interest is presented in the Condensed Consolidated Statements of Operations.

Noncontrolling interests with redemption features that are not solely within our control are considered redeemable noncontrolling interests. Our redeemable noncontrolling interest relates to the 54.5% equity ownership interest in Esja Attractions ehf. (“Esja”). The Esja shareholders agreement contains a put option that gives the minority Esja shareholders the right to sell (or “put”) their Esja shares to us based on a calculated formula within a predefined term. This redeemable noncontrolling interest is considered temporary equity and we report it between liabilities and stockholders’ equity in the Condensed Consolidated Balance Sheets. The amount of the net income or loss attributable to redeemable noncontrolling interests is recorded in the Condensed Consolidated Statements of Operations and the accretion of the redemption value is recorded as an adjustment to retained earnings and is included in our earnings (loss) per share. Refer to Note 20 – Redeemable Noncontrolling Interest for additional information.

Insurance Recoveries

Receipts from insurance up to the amount of the recognized losses are considered recoveries and are accounted for when they are probable of receipt. Anticipated proceeds in excess of the recognized loss are considered a gain contingency. A contingency gain for anticipated insurance proceeds in excess of losses already recognized is not recognized until all contingencies relating to the insurance claim have been resolved.

Insurance proceeds allocated to business interruption gains are reported as cash flows from operating activities, and proceeds allocated to impairment recoveries are reported as cash flows from investing activities. Insurance proceeds used for capitalizable costs are classified as cash flows from investing activities, and proceeds used for non-capitalizable costs are classified as operating activities.

Overview and Basis of Presentation (Tables)

6 Months Ended

Jun. 30, 2018

New Accounting Pronouncements Or Change In Accounting Principle [Line Items]

Revenue in Condensed Consolidated Statement of Operations

Prior to January 1, 2018, we presented revenue in our Condensed Consolidated Statements of Operations in three separate line items as follows:

	Three Months Ended		Six Months Ended
(in thousands)	June 30, 2017		June 30, 2017
Revenue:
Exhibition and event services	$	275,295	$	551,243
Exhibits and environments		44,814		86,737
Pursuit services		44,665		52,601
Total revenue	$	364,774	$	690,581

In connection with the adoption of Topic 606, we changed the presentation of revenue in our Condensed Consolidated Statements of Operations and now present total services revenue and total products revenue. As a result, we changed the prior reporting period to conform to the current period presentation as follows:

	Three Months Ended		Six Months Ended
(in thousands)	June 30, 2017		June 30, 2017
Revenue:
Services	$	319,179	$	609,822
Products		45,595		80,759
Total revenue	$	364,774	$	690,581

New Accounting Pronouncements Or Change In Accounting Principle [Line Items]

Impact of Recent Accounting Pronouncements on Condensed Consolidated Statement of Operations

The following table also summarizes the impact of adopting ASU 2017-07 on our Condensed Consolidated Statements of Operations:

	Three Months Ended June 30, 2017
(in thousands)	As Previously Reported		Reclassifications to Conform with Revenue Presentation			ASU 2017-07			As Newly Reported
Cost of services	$	284,884	$	(2,841	)	$	(134	)	$	281,909
Cost of products	$	40,488	$	2,841		$	—		$	43,329
Corporate activities	$	3,008	$	—		$	(88	)	$	2,920
Other expense	$	—	$	—		$	222		$	222

	Six Months Ended June 30, 2017
(in thousands)	As Previously Reported		Reclassifications to Conform with Revenue Presentation			ASU 2017-07			As Newly Reported
Cost of services	$	558,493	$	4,571		$	(517	)	$	562,547
Cost of products	$	80,002	$	(4,571	)	$	—		$	75,431
Corporate activities	$	5,618	$	—		$	(157	)	$	5,461
Other expense	$	—	$	—		$	674		$	674

Revenue and Related Contract Costs and Contract Liabilities (Tables)

6 Months Ended

Jun. 30, 2018

Summary of Changes in Contract Liabilities

Changes to contract liabilities are as follows:

(in thousands)
Balance at January 1, 2018	$	31,981
Cash additions		87,716
Revenue recognized		(68,676	)
Foreign exchange translation adjustment		(602	)
Balance at June 30, 2018	$	50,419

Summary of Changes in Contract Costs

Changes to contract costs are as follows:

(in thousands)
Balance at January 1, 2018	$	16,878
Additions		32,720
Expenses		(22,514	)
Foreign exchange translation adjustment		(412	)
Balance at June 30, 2018	$	26,672

Disaggregate GES and Pursuit Revenue by Major Product Line Timing of Revenue Recognition and Markets Served (Details)

The following tables disaggregate GES and Pursuit revenue by major product line, timing of revenue recognition, and markets served:

GES

	Three Months Ended June 30, 2018
(in thousands)	GES U.S.		GES International		Intersegment Eliminations			Total
Services:
Core services	$	193,315	$	50,257	$	—		$	243,572
Audio-visual		20,741		6,553		—			27,294
Event technology		10,534		2,847		—			13,381
Intersegment eliminations		—		—		(6,346	)		(6,346	)
Total services		224,590		59,657		(6,346	)		277,901
Products:
Core products		16,649		20,772		—			37,421
Total revenue	$	241,239	$	80,429	$	(6,346	)	$	315,322

Timing of revenue recognition:
Services transferred over time	$	224,590	$	59,657	$	(6,346	)	$	277,901
Products transferred over time⁽¹⁾		10,084		5,710		—			15,794
Products transferred at a point in time		6,565		15,062		—			21,627
Total revenue	$	241,239	$	80,429	$	(6,346	)	$	315,322

Markets:
Exhibitions	$	125,174	$	53,368	$	—		$	178,542
Conferences		84,599		17,226		—			101,825
Corporate events		25,810		8,570		—			34,380
Consumer events		5,656		1,265		—			6,921
Intersegment eliminations		—		—		(6,346	)		(6,346	)
Total revenue	$	241,239	$	80,429	$	(6,346	)	$	315,322

⁽¹⁾	GES’ graphics product revenue is recognized over time as it is considered a part of the single performance obligation satisfied over time.

	Six Months Ended June 30, 2018
(in thousands)	GES U.S.		GES International		Intersegment Eliminations			Total
Services:
Core services	$	356,682	$	96,470	$	—		$	453,152
Audio-visual		37,825		9,721		—			47,546
Event technology		18,569		6,121		—			24,690
Intersegment eliminations		—		—		(9,694	)		(9,694	)
Total services		413,076		112,312		(9,694	)		515,694
Products:
Core products		32,031		35,303		—			67,334
Total revenue	$	445,107	$	147,615	$	(9,694	)	$	583,028

Timing of revenue recognition:
Services transferred over time	$	413,076	$	112,312	$	(9,694	)	$	515,694
Products transferred over time⁽¹⁾		20,676		9,817		—			30,493
Products transferred at a point in time		11,355		25,486		—			36,841
Total revenue	$	445,107	$	147,615	$	(9,694	)	$	583,028

Markets:
Exhibitions	$	255,668	$	108,698	$	—		$	364,366
Conferences		122,415		23,887		—			146,302
Corporate events		55,254		13,430		—			68,684
Consumer events		11,770		1,600		—			13,370
Intersegment eliminations		—		—		(9,694	)		(9,694	)
Total revenue	$	445,107	$	147,615	$	(9,694	)	$	583,028

⁽¹⁾	GES’ graphics product revenue is recognized over time as it is considered a part of the single performance obligation satisfied over time.

Pursuit

	Three Months Ended			Six Months Ended
(in thousands)	June 30, 2018			June 30, 2018
Services:
Accommodations	$	9,030		$	10,735
Admissions		23,480			27,059
Transportation		4,321			6,690
Travel planning		491			799
Intersegment eliminations		(500	)		(706	)
Total services revenue		36,822			44,577
Products:
Food and beverage		6,705			7,924
Retail operations		4,828			5,576
Total products revenue		11,533			13,500
Total revenue	$	48,355		$	58,077

Timing of revenue recognition:
Services transferred over time	$	36,822		$	44,577
Products transferred at a point in time		11,533			13,500
Total revenue	$	48,355		$	58,077

Markets:
Banff Jasper Collection	$	28,519		$	35,608
Alaska Collection		10,614			10,827
Glacier Park Collection		6,640			7,266
FlyOver		2,582			4,376
Total revenue	$	48,355		$	58,077

Accounting Standards Update 2014-09

Balance Sheet Reclassifications made to Separately Present Contract Costs and Contract Liabilities in Connection with Adoption of Topic 606

In connection with the adoption of Topic 606, we made the following reclassifications to separately present contract costs and contract liabilities on the Condensed Consolidated Balance Sheet as of December 31, 2017:

	December 31, 2017
(in thousands)	As Previously Reported		Reclassifications			As Adjusted
Cash and cash equivalents	$	53,723		—		$	53,723
Accounts receivable, net		104,811		—			104,811
Inventories ⁽¹⁾		30,372		(12,822	)		17,550
Current contract costs ⁽¹⁾		—		13,436			13,436
Other current assets ⁽¹⁾		21,030		(1,289	)		19,741
Property and equipment, net		305,571		—			305,571
Other investments and assets ⁽¹⁾		47,512		675			48,187
Deferred income taxes		23,548		—			23,548
Goodwill		270,551		—			270,551
Other intangible assets, net		62,781		—			62,781
Total assets	$	919,899		—		$	919,899
Accounts payable	$	77,380		—		$	77,380
Customer deposits ⁽²⁾		33,415		(33,415	)		—
Contract liabilities ⁽²⁾		—		31,981			31,981
Accrued compensation		30,614		—			30,614
Other current liabilities ⁽²⁾		38,720		1,434			40,154
Debt and capital lease obligations, current and long-term		209,192		—			209,192
Pension and postretirement benefits		28,135		—			28,135
Other deferred items and liabilities		52,858		—			52,858
Total liabilities		470,314		—			470,314
Redeemable noncontrolling interest		6,648		—			6,648
Total stockholders’ equity ⁽³⁾		442,937		—			442,937
Total liabilities and stockholders’ equity	$	919,899		—		$	919,899

⁽¹⁾

Contract costs primarily consist of deferred core services costs (including labor and vendor purchases) required to service future exhibitions, conferences and other events, and commission expenses incurred to obtain contracts. All such costs were previously included in “Inventories” and in certain other assets. As a result of the changes noted above, deferred core services costs related to exhibitions and events that are scheduled to occur longer than one year in the future are currently included in “Other investments and assets”. The impact of this change reduced total current assets at December 31, 2017 by $0.7 million. The amount of deferred core services costs included in “Other investments and assets” at June 30, 2018 was $5.1 million.

⁽²⁾

In connection with the adoption of Topic 606, we elected to more prominently present contract liabilities on the Consolidated Balance Sheets. Consequently, customer deposits of $33.4 million as of December 31, 2017, have been reclassified to “Contract liabilities” and to other certain current liabilities to conform to the current period presentation.

⁽³⁾	We determined that the cumulative effect of initially applying Topic 606 as an adjustment to the opening balance of retained earnings was not material, and therefore we made no adjustment.

Share-Based Compensation (Tables)

6 Months Ended

Jun. 30, 2018

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Summary of Share-Based Compensation Expense

The following table summarizes share-based compensation expense:

	Three Months Ended						Six Months Ended
	June 30,						June 30,
(in thousands)	2018			2017			2018			2017
Performance unit incentive plan (“PUP”)	$	1,324		$	1,927		$	1,518		$	3,243
Restricted stock		667			774			1,170			1,397
Restricted stock units		54			47			74			107
Share-based compensation before income tax benefit		2,045			2,748			2,762			4,747
Income tax benefit		(515	)		(1,028	)		(696	)		(1,772	)
Share-based compensation, net of income tax benefit	$	1,530		$	1,720		$	2,066		$	2,975

Summary of Activity of the Outstanding Share-Based Compensation Awards

The following table summarizes the activity of the outstanding share-based compensation awards:

	PUP Awards					Restricted Stock					Restricted Stock Units
	Shares			Weighted-Average Grant Date Fair Value		Shares			Weighted-Average Grant Date Fair Value		Shares			Weighted-Average Grant Date Fair Value
Balance at December 31, 2017		239,338		$	32.80		206,899		$	33.16		12,750		$	30.94
Granted		76,925		$	52.03		47,157		$	51.93		3,669		$	52.28
Vested		(75,761	)	$	27.29		(62,684	)	$	27.28		(4,300	)	$	27.35
Forfeited		—		$	—		(2,306	)	$	39.84		(258	)	$	37.69
Balance at June 30, 2018		240,502		$	40.68		189,066		$	39.71		11,861		$	38.70

Summary of Stock Option Activity

Stock Options

The following table summarizes stock option activity:

	Shares			Weighted-Average Exercise Price
Options outstanding and exercisable at December 31, 2017		63,773		$	16.62
Exercised		(5,084	)	$	16.62
Options outstanding and exercisable at June 30, 2018		58,689		$	16.62

Inventories (Tables)

6 Months Ended

Jun. 30, 2018

Inventory Disclosure [Abstract]

Components of Inventories

The components of inventories consisted of the following:

	June 30,		December 31,
(in thousands)	2018		2017
Raw materials	$	20,361	$	17,550
Work in process ⁽¹⁾		—		—
Inventories	$	20,361	$	17,550

⁽¹⁾

Upon the adoption of Topic 606, the deferred incremental costs of obtaining and fulfilling contracts that were previously reported in Inventories under “Work in process” are currently reported under “Current contract costs” and “Other investments and assets.” Refer to Note 2 – Revenue and Related Contract Costs and Contract Liabilities for additional information.

Other Current Assets (Tables)

6 Months Ended

Jun. 30, 2018

Deferred Costs Capitalized Prepaid And Other Assets Disclosure [Abstract]

Schedule of Other Current Assets

Other current assets consisted of the following:

	June 30,		December 31,
(in thousands)	2018		2017
Income tax receivable	$	14,138	$	4,237
Prepaid vendor payments		5,903		5,048
Prepaid software maintenance		4,828		3,386
Prepaid taxes		959		912
Prepaid insurance		845		2,610
Prepaid rent		793		730
Prepaid other		3,510		2,172
Other		191		646
Other current assets	$	31,167	$	19,741

Property and Equipment (Tables)

6 Months Ended

Jun. 30, 2018

Property Plant And Equipment [Abstract]

Schedule of Property and Equipment

Property and equipment consisted of the following:

	June 30,			December 31,
(in thousands)	2018			2017
Land and land interests	$	32,197		$	32,544
Buildings and leasehold improvements		243,622			222,118
Equipment and other		364,480			351,676
Gross property and equipment		640,299			606,338
Accumulated depreciation		(315,348	)		(300,767	)
Property and equipment, net	$	324,951		$	305,571

Other Investments and Assets (Tables)

6 Months Ended

Jun. 30, 2018

Investments All Other Investments [Abstract]

Summary of Other Investments and Assets

Other investments and assets consisted of the following:

	June 30,		December 31,
(in thousands)	2018		2017
Cash surrender value of life insurance	$	24,116	$	23,947
Self-insured liability receivable		10,442		10,442
Contract costs ⁽¹⁾		5,147		3,442
Workers’ compensation insurance security deposits		3,550		3,550
Other mutual funds		2,838		2,637
Other		3,487		4,169
Other investments and assets	$	49,580	$	48,187

⁽¹⁾

Upon the adoption of Topic 606, the deferred incremental costs of obtaining and fulfilling contracts that were previously reported in Inventories under “Work in process” are currently reported under “Current contract costs” and “Other investments and assets.” Refer to Note 2 – Revenue and Related Contract Costs and Contract Liabilities for additional information.

Goodwill and Other Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2018

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 U.S.		GES International			Pursuit			Total
Balance at December 31, 2017	$	148,277	$	38,840		$	83,434		$	270,551
Foreign currency translation adjustments		—		(1,038	)		(3,490	)		(4,528	)
Balance at June 30, 2018	$	148,277	$	37,802		$	79,944		$	266,023

Summary of Other Intangible Assets

Other intangible assets consisted of the following:

	June 30, 2018							December 31, 2017
(in thousands)	Gross Carrying Value		Accumulated Amortization			Net Carrying Value		Gross Carrying Value		Accumulated Amortization			Net Carrying Value
Amortized intangible assets:
Customer contracts and relationships	$	68,454	$	(27,708	)	$	40,746	$	68,798	$	(23,696	)	$	45,102
Operating contracts and licenses		9,530		(1,207	)		8,323		9,951		(1,094	)		8,857
Tradenames		8,553		(3,343	)		5,210		8,633		(2,873	)		5,760
Non-compete agreements		5,298		(3,573	)		1,725		5,363		(3,007	)		2,356
Other		1,678		(745	)		933		896		(650	)		246
Total amortized intangible assets		93,513		(36,576	)		56,937		93,641		(31,320	)		62,321
Unamortized intangible assets:
Business licenses		460		—			460		460		—			460
Other intangible assets	$	93,973	$	(36,576	)	$	57,397	$	94,101	$	(31,320	)	$	62,781

Estimated Amortization Expense Related to Amortized Intangible Assets

The estimated future amortization expense related to amortized intangible assets held at June 30, 2018 is as follows:

(in thousands)
Year ending December 31,
Remainder of 2018	$	5,527
2019		9,951
2020		8,455
2021		7,465
2022		5,932
Thereafter		19,607
Total	$	56,937

Other Current Liabilities (Tables)

6 Months Ended

Jun. 30, 2018

Other Liabilities Current [Abstract]

Other Current Liabilities

Other current liabilities consisted of the following:

	June 30,		December 31,
(in thousands)	2018		2017
Continuing operations:
Accommodation services deposits ⁽¹⁾	$	10,358	$	2,540
Self-insured liability		6,255		6,208
Commissions payable		4,634		3,235
Accrued sales and use taxes		4,576		2,431
Accrued employee benefit costs		3,979		2,915
Accrued income tax payable		3,135		7,518
Accrued dividends		2,097		2,094
Current portion of pension and postretirement liabilities		1,921		2,109
Deferred rent		1,601		1,679
Accrued professional fees		662		1,020
Accrued restructuring		528		722
Accrued rebates⁽²⁾		—		—
Other taxes		2,908		2,750
Other		3,851		3,852
Total continuing operations		46,505		39,073
Discontinued operations:
Environmental remediation liabilities		720		648
Self-insured liability		401		337
Other		85		96
Total discontinued operations		1,206		1,081
Total other current liabilities	$	47,711	$	40,154

⁽¹⁾

With the adoption of Topic 606, we present customer deposits as “Contract liabilities” as they are received prior to transferring the related product or service to the customer. We recognize revenue upon satisfaction of the related contract performance obligation(s). We reclassified $2.5 million of GES’ events accommodation services deposits out of “Contract liabilities” to “Other current liabilities” on the December 31, 2017 Condensed Consolidated Balance Sheet as they do not represent “Contract liabilities” but rather deposits from hotel guests that are passed on to the hotels. Refer to Note 2 – Revenue and Related Contract Costs and Contract Liabilities for additional information.

⁽²⁾

With the adoption of Topic 606, we reclassified $1.1 million of accrued rebates to “Contract liabilities” on the December 31, 2017 Condensed Consolidated Balance Sheet as they represent future performance obligations. Refer to Note 2 – Revenue and Related Contract Costs and Contract Liabilities for additional information.

Other Deferred Items and Liabilities (Tables)

6 Months Ended

Jun. 30, 2018

Other Liabilities Disclosure [Abstract]

Summary of Other Deferred Items and Liabilities

Other deferred items and liabilities consisted of the following:

	June 30,		December 31,
(in thousands)	2018		2017
Continuing operations:
Self-insured liability	$	13,130	$	12,918
Self-insured excess liability		10,442		10,442
Foreign deferred tax liability		8,590		8,267
Accrued compensation		6,237		9,740
Deferred rent		3,654		3,855
Accrued restructuring		1,790		1,827
Other		1,303		1,305
Total continuing operations		45,146		48,354
Discontinued operations:
Self-insured liability		2,358		2,557
Environmental remediation liabilities		1,616		1,728
Other		237		219
Total discontinued operations		4,211		4,504
Total other deferred items and liabilities	$	49,357	$	52,858

Debt and Capital Lease Obligations (Tables)

6 Months Ended

Jun. 30, 2018

Debt Disclosure [Abstract]

Schedule of Long-term Debt and Capital Lease Obligations

The components of long-term debt and capital lease obligations consisted of the following:

	June 30,			December 31,
(in thousands, except interest rates)	2018			2017
Revolving credit facility and term loan 3.6% weighted-average interest rate at June 30, 2018 and 3.1% at December 31, 2017, due through 2019 ⁽¹⁾	$	216,751		$	207,322
Brewster Inc. revolving credit facility 3.1% weighted-average interest rate at June 30, 2018 ⁽¹⁾		19,487			—
Less unamortized debt issuance costs		(717	)		(984	)
Total debt		235,521			206,338
Capital lease obligations 4.2% weighted-average interest rate at June 30, 2018 and 3.8% at December 31, 2017, due through 2021		3,957			2,854
Total debt and capital lease obligations		239,478			209,192
Current portion ⁽²⁾		(190,967	)		(152,599	)
Long-term debt and capital lease obligations	$	48,511		$	56,593

⁽¹⁾	Represents the weighted-average interest rate in effect at the respective periods for the revolving credit facilities and term loan borrowings, including any applicable margin. The interest rates do not include amortization of debt issuance costs or commitment fees.

⁽²⁾	Borrowings under the revolving credit facilities are classified as current because all borrowed amounts are due within one year.

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=114775744&loc=d3e28541-108399

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21506-112644

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(e),(f))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=114775744&loc=d3e28551-108399

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21521-112644

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21538-112644

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 470
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=75038535&loc=d3e64711-112823

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 55
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21475-112644

+ Details

Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2018

Fair Value Disclosures [Abstract]

Summary of Fair Value Assets Measured on Recurring Basis

The fair value information related to these assets is summarized in the following tables:

			Fair Value Measurements at Reporting Date Using
(in thousands)	June 30, 2018		Quoted Prices in Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets:
Money market funds⁽¹⁾	$	120	$	120	$	—	$	—
Other mutual funds⁽²⁾		2,838		2,838		—		—
Total assets at fair value on a recurring basis	$	2,958	$	2,958	$	—	$	—

			Fair Value Measurements at Reporting Date Using
(in thousands)	December 31, 2017		Quoted Prices in Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets:
Money market funds⁽¹⁾	$	119	$	119	$	—	$	—
Other mutual funds⁽²⁾		2,637		2,637		—		—
Total assets at fair value on a recurring basis	$	2,756	$	2,756	$	—	$	—

⁽¹⁾

Money market funds are included in “Cash and cash equivalents” in the Condensed Consolidated Balance Sheets. These investments are classified as available-for-sale and are recorded at fair value. There have been no realized gains or losses related to these investments and we have not experienced any redemption restrictions with respect to any of the money market mutual funds.

⁽²⁾

Other mutual funds are included in “Other investments and assets” in the Condensed Consolidated Balance Sheets. Upon the adoption of ASU 2016-01, unrealized gains on equity securities that were previously classified as available-for-sale are recognized in net income rather than “Accumulated other comprehensive income” (“AOCI”). We adopted this guidance prospectively on January 1, 2018 and recognized a cumulative-effect adjustment of $0.6 million to beginning retained earnings, which represents unrealized gains of $1.0 million ($0.6 million after tax) as of December 31, 2017 that were included in AOCI in the Condensed Consolidated Balance Sheets. Refer to Note 14 – Stockholders’ Equity for additional information.

Stockholders' Equity (Tables)

6 Months Ended

Jun. 30, 2018

Equity [Abstract]

Reconciliation of Stockholders' Equity to Noncontrolling Interests

The following represents a reconciliation of the carrying amounts of stockholders’ equity attributable to Viad and the non-redeemable noncontrolling interest for the six months ended June 30, 2018 and 2017:

(in thousands)	Total Viad Stockholders’ Equity			Non-redeemable Noncontrolling Interest			Total Stockholders’ Equity
Balance at December 31, 2017	$	429,131		$	13,806		$	442,937
Net income (loss)		14,103			(397	)		13,706
Dividends on common stock ($0.20 per share)		(4,095	)		—			(4,095	)
Common stock purchased for treasury		(10,085	)		—			(10,085	)
Employee benefit plans		4,211			—			4,211
Unrealized foreign currency translation adjustment		(11,204	)		—			(11,204	)
Other changes to AOCI		669			—			669
Other		42			—			42
Balance at June 30, 2018	$	422,772		$	13,409		$	436,181

(in thousands)	Total Viad Stockholders’ Equity			Non-redeemable Noncontrolling Interest			Total Stockholders’ Equity
Balance at December 31, 2016	$	357,355		$	13,283		$	370,638
Net income (loss)		34,724			(337	)		34,387
Dividends on common stock ($0.20 per share)		(4,077	)		—			(4,077	)
Common stock purchased for treasury		(1,204	)		—			(1,204	)
Employee benefit plans		3,982			—			3,982
Unrealized foreign currency translation adjustment		9,705			—			9,705
Other changes to AOCI		243			—			243
Other		47			—			47
Balance at June 30, 2017	$	400,775		$	12,946		$	413,721

Schedule of Accumulated Other Comprehensive Income (Loss)

Changes in AOCI by component are as follows:

(in thousands)	Unrealized Gains on Investments			Cumulative Foreign Currency Translation Adjustments			Unrecognized Net Actuarial Loss and Prior Service Credit, Net			Accumulated Other Comprehensive Income (Loss)
Balance at December 31, 2017	$	616		$	(12,026	)	$	(11,158	)	$	(22,568	)
Adoption of ASU 2016-01⁽¹⁾		(616	)		—			—			(616	)
Other comprehensive income before reclassifications		—			(11,204	)		—			(11,204	)
Amounts reclassified from AOCI, net of tax		—			—			669			669
Net other comprehensive income (loss)		(616	)		(11,204	)		669			(11,151	)
Balance at June 30, 2018	$	—		$	(23,230	)	$	(10,489	)	$	(33,719	)

⁽¹⁾	Upon the adoption of ASU 2016-01, we recorded a cumulative-effect adjustment from unrealized gains on investments to beginning retained earnings.

Income Per Share (Tables)

6 Months Ended

Jun. 30, 2018

Earnings Per Share [Abstract]

Reconciliation of Basic and Diluted Income Per Share

The components of basic and diluted income per share are as follows:

	Three Months Ended						Six Months Ended
	June 30,						June 30,
(in thousands, except per share data)	2018			2017			2018			2017
Net income attributable to Viad (diluted)	$	23,490		$	27,947		$	14,103		$	34,724
Less: Allocation to non-vested shares		(222	)		(345	)		(139	)		(442	)
Adjustment to the redemption value of redeemable noncontrolling interest		(52	)		—			(90	)		—
Net income allocated to Viad common stockholders (basic)	$	23,216		$	27,602		$	13,874		$	34,282
Basic weighted-average outstanding common shares		20,209			20,140			20,208			20,112
Additional dilutive shares related to share-based compensation		227			224			238			243
Diluted weighted-average outstanding shares		20,436			20,364			20,446			20,355
Income per share:
Basic income attributable to Viad common stockholders	$	1.15		$	1.37		$	0.69		$	1.70
Diluted income attributable to Viad common stockholders⁽¹⁾	$	1.15		$	1.37		$	0.69		$	1.70

⁽¹⁾	Diluted income (loss) per share amount cannot exceed basic income (loss) per share.

Pension and Postretirement Benefits (Tables)

6 Months Ended

Jun. 30, 2018

Compensation And Retirement Disclosure [Abstract]

Components of Net Periodic Benefit Cost of Pension and Postretirement Benefit Plans

The components of net periodic benefit cost of our pension and postretirement benefit plans for the three months ended June 30, 2018 and 2017 consist of the following:

	Domestic Plans
	Pension Plans						Postretirement Benefit Plans						Foreign Pension Plans
(in thousands)	2018			2017			2018			2017			2018			2017
Service cost	$	33		$	39		$	32		$	17		$	138		$	128
Interest cost		200			178			114			93			91			113
Expected return on plan assets		(45	)		(68	)		—			—			(126	)		(146	)
Amortization of prior service credit		—			—			(19	)		(105	)		—			—
Recognized net actuarial loss		124			94			65			20			39			45
Net periodic benefit cost	$	312		$	243		$	192		$	25		$	142		$	140

The components of net periodic benefit cost of our pension and postretirement benefit plans for the six months ended June 30, 2018 and 2017 consist of the following:

	Domestic Plans
	Pension Plans						Postretirement Benefit Plans						Foreign Pension Plans
(in thousands)	2018			2017			2018			2017			2018			2017
Service cost	$	35		$	48		$	56		$	47		$	280		$	258
Interest cost		387			407			208			219			183			226
Expected return on plan assets		(80	)		(107	)		—			—			(256	)		(294	)
Amortization of prior service credit		—			—			(103	)		(216	)		—			—
Recognized net actuarial loss		246			230			117			120			80			89
Net periodic benefit cost	$	588		$	578		$	278		$	170		$	287		$	279

Restructuring Charges (Tables)

6 Months Ended

Jun. 30, 2018

Restructuring And Related Activities [Abstract]

Changes to Restructuring Liability by Major Restructuring Activity

Changes to the restructuring liability by major restructuring activity are as follows:

	GES						Other Restructurings
(in thousands)	Severance & Employee Benefits			Facilities			Severance & Employee Benefits			Total
Balance at December 31, 2017	$	1,551		$	807		$	191		$	2,549
Restructuring charges		694			—			130			824
Cash payments		(694	)		(38	)		(295	)		(1,027	)
Adjustment to liability		437			(451	)		(14	)		(28	)
Balance at June 30, 2018	$	1,988		$	318		$	12		$	2,318

Redeemable Noncontrolling Interest (Tables)

6 Months Ended

Jun. 30, 2018

Noncontrolling Interest [Abstract]

Summary of Changes in Redeemable Noncontrolling Interest

Changes in the redeemable noncontrolling interest is as follows:

(in thousands)
Balance at December 31, 2017	$	6,648
Net loss attributable to redeemable noncontrolling interest		(161	)
Adjustment to the redemption value		90
Foreign currency translation adjustment		(64	)
Balance at June 30, 2018	$	6,513

Segment Information (Tables)

6 Months Ended

Jun. 30, 2018

Segment Reporting [Abstract]

Reconciliation of income statement items from reportable segments

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

	Three Months Ended						Six Months Ended
	June 30,						June 30,
(in thousands)	2018			2017			2018			2017
Revenue:
GES:
U.S.	$	241,239		$	242,031		$	445,107		$	499,242
International		80,429			85,283			147,615			149,182
Intersegment eliminations		(6,346	)		(7,205	)		(9,694	)		(10,444	)
Total GES		315,322			320,109			583,028			637,980
Pursuit		48,355			44,665			58,077			52,601
Total revenue	$	363,677		$	364,774		$	641,105		$	690,581
Segment operating income (loss):
GES:
U.S.	$	20,838		$	21,320		$	19,282		$	42,666
International		8,167			9,349			10,303			11,382
Total GES		29,005			30,669			29,585			54,048
Pursuit		9,757			9,938			(1,638	)		(337	)
Segment operating income		38,762			40,607			27,947			53,711
Corporate eliminations ⁽¹⁾		17			16			33			32
Corporate activities		(2,535	)		(2,920	)		(4,752	)		(5,461	)
Operating income		36,244			37,703			23,228			48,282
Interest income		53			42			137			100
Interest expense		(2,354	)		(2,059	)		(4,423	)		(4,164	)
Other expense ⁽²⁾		(543	)		(222	)		(781	)		(674	)
Restructuring recoveries (charges):
GES U.S.		(240	)		(47	)		(240	)		(71	)
GES International		(422	)		(121	)		(454	)		(354	)
Pursuit		—			—			(140	)		—
Corporate		—			—			10			(137	)
Impairment recoveries:
Pursuit		35			2,247			35			4,631
Income from continuing operations before income taxes	$	32,773		$	37,543		$	17,372		$	47,613

⁽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.

⁽²⁾

We adopted ASU 2017-07 on January 1, 2018, which requires retrospective adoption. As a result, we recorded the nonservice cost component of net periodic benefit cost within other expense for the three and six months ended June 30, 2018, and we reclassified $0.2 million from operating expenses to other expense for the three months ended June 30, 2017 and $0.7 million for the six months ended June 30, 2017 to conform with current period presentation. Refer to Note 1 – Overview and Basis of Presentation for additional details on the impact of this adoption on our Condensed Consolidated Statements of Operations.

Overview and Basis of Presentation - Narrative (Details)
$ in Thousands

3 Months Ended

6 Months Ended

Jun. 30, 2018

USD ($)

Mar. 31, 2018

USD ($)

Jun. 30, 2017

USD ($)

Jun. 30, 2018

USD ($)

Segment

Lodge

Recreational

Excursion

RetailShop

DiningOutlet

Jun. 30, 2017

USD ($)

Overview And Summary Of Significant Accounting Policies [Line Items]

Number of reportable segments | Segment

3

Amount reclassified from operating expenses (cost of services and corporate activities) to other expense, with retrospective effect

^[1]

$ 543

$ 222

$ 781

$ 674

Tax benefit to provisional estimate for reduction in corporate tax rate applied to deferred tax assets

100

Impact of adopting Topic 606 to net income

23,490

27,947

$ 14,103

34,724

Percentage of non equity ownership related redeemable noncontrolling interests

54.50%

Glacier Park Inc

Overview And Summary Of Significant Accounting Policies [Line Items]

Percentage of non-equity ownership related to non-redeemable noncontrolling interests

20.00%

Overview And Summary Of Significant Accounting Policies [Line Items]

Cumulative-effect adjustment to increase beginning retained earnings

$ 600

Amount reclassified from operating expenses (cost of services and corporate activities) to other expense, with retrospective effect

222

674

Accounting Standards Update 2014-09 | Effect of Change

Overview And Summary Of Significant Accounting Policies [Line Items]

Impact of adopting Topic 606 to net income

600

$ 1,200

Minimum | Accounting Standards Update 2016 02

Overview And Summary Of Significant Accounting Policies [Line Items]

Anticipated lease liability and related right of use asset

60,000

Services

Overview And Summary Of Significant Accounting Policies [Line Items]

Impact of adopting Topic 606 to cost of services

280,842

281,909

538,137

562,547

Services | ASU 2017-07

Overview And Summary Of Significant Accounting Policies [Line Items]

Impact of adopting Topic 606 to cost of services

$ (134)

$ (517)

Services | Accounting Standards Update 2014-09 | Effect of Change

Overview And Summary Of Significant Accounting Policies [Line Items]

Impact of adopting Topic 606 to cost of services

$ 800

$ 1,600

GES

Overview And Summary Of Significant Accounting Policies [Line Items]

Number of product lines | Segment

3

Number of live event markets | Segment

4

Pursuit

Overview And Summary Of Significant Accounting Policies [Line Items]

Number of business lines | Segment

4

Pursuit | Banff Jasper Collection

Overview And Summary Of Significant Accounting Policies [Line Items]

Number of world-class recreational attractions | Recreational

5

Pursuit | Banff Jasper Collection | Banff National Park

Overview And Summary Of Significant Accounting Policies [Line Items]

Pursuit | Banff Jasper Collection | Jasper National Park

2

Overview And Summary Of Significant Accounting Policies [Line Items]

Pursuit | Alaska Collection | Denali National Park and Preserve

1

Overview And Summary Of Significant Accounting Policies [Line Items]

Number of sightseeing excursion | Excursion

2

1

Pursuit | Alaska Collection | Talkeetna

Overview And Summary Of Significant Accounting Policies [Line Items]

Pursuit | Alaska Collection | Kenai Fjords National Park

1

Overview And Summary Of Significant Accounting Policies [Line Items]

Pursuit | Glacier Park Collection

2

Overview And Summary Of Significant Accounting Policies [Line Items]

Number of retail shops | RetailShop

7

12

Number of dining outlets | DiningOutlet

11

[1]

We adopted ASU 2017-07 on January 1, 2018, which requires retrospective adoption. As a result, we recorded the nonservice cost component of net periodic benefit cost within other expense for the three and six months ended June 30, 2018, and we reclassified $0.2 million from operating expenses to other expense for the three months ended June 30, 2017 and $0.7 million for the six months ended June 30, 2017 to conform with current period presentation. Refer to Note 1 – Overview and Basis of Presentation for additional details on the impact of this adoption on our Condensed Consolidated Statements of Operations.

Overview and Basis of Presentation - Revenue in Condensed Consolidated Statement of Operations (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Revenue:
Total revenue	$ 363,677	$ 364,774	$ 641,105	$ 690,581
Calculated under Revenue Guidance in Effect before Topic 606
Revenue:
Total revenue		364,774		690,581
Exhibition and Event Services [Member] \| Calculated under Revenue Guidance in Effect before Topic 606
Revenue:
Total revenue		275,295		551,243
Exhibits and Environments [Member] \| Calculated under Revenue Guidance in Effect before Topic 606
Revenue:
Total revenue		44,814		86,737
Pursuit Services [Member] \| Calculated under Revenue Guidance in Effect before Topic 606
Revenue:
Total revenue		$ 44,665		$ 52,601

Overview and Basis of Presentation - Revenue in Condensed Consolidated Statement of Operations in Connection with Adoption of Topic 606 (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Revenue:
Total revenue	$ 363,677	$ 364,774	$ 641,105	$ 690,581
Services
Revenue:
Total revenue	314,723	319,179	560,271	609,822
Products
Revenue:
Total revenue	$ 48,954	$ 45,595	$ 80,834	$ 80,759

Overview and Basis of Presentation - Impact of Adopting ASU 2017-07 on Condensed Consolidated Statement of Operations (Details) - USD ($)
$ in Thousands

3 Months Ended

6 Months Ended

Jun. 30, 2018

Jun. 30, 2017

Jun. 30, 2018

Jun. 30, 2017

New Accounting Pronouncements Or Change In Accounting Principle [Line Items]

$ 2,535

$ 2,920

$ 4,752

$ 5,461

New Accounting Pronouncements Or Change In Accounting Principle [Line Items]

^[1]

543

222

781

674

As Previously Reported

New Accounting Pronouncements Or Change In Accounting Principle [Line Items]

3,008

5,618

Services

Services | Reclassifications to Conform with Revenue Presentation

280,842

281,909

538,137

562,547

New Accounting Pronouncements Or Change In Accounting Principle [Line Items]

Services | As Previously Reported

(2,841)

4,571

New Accounting Pronouncements Or Change In Accounting Principle [Line Items]

New Accounting Pronouncements Or Change In Accounting Principle [Line Items]

284,884

558,493

Products

Products | Reclassifications to Conform with Revenue Presentation

$ 44,433

43,329

$ 75,555

75,431

New Accounting Pronouncements Or Change In Accounting Principle [Line Items]

Products | As Previously Reported

2,841

(4,571)

New Accounting Pronouncements Or Change In Accounting Principle [Line Items]

40,488

80,002

New Accounting Pronouncements Or Change In Accounting Principle [Line Items]

(88)

(157)

New Accounting Pronouncements Or Change In Accounting Principle [Line Items]

222

674

ASU 2017-07 | Services

$ (134)

$ (517)

[1]

We adopted ASU 2017-07 on January 1, 2018, which requires retrospective adoption. As a result, we recorded the nonservice cost component of net periodic benefit cost within other expense for the three and six months ended June 30, 2018, and we reclassified $0.2 million from operating expenses to other expense for the three months ended June 30, 2017 and $0.7 million for the six months ended June 30, 2017 to conform with current period presentation. Refer to Note 1 – Overview and Basis of Presentation for additional details on the impact of this adoption on our Condensed Consolidated Statements of Operations.

Revenue and Related Contract Costs and Contract Liabilities - Narrative (Details)	6 Months Ended
	Jun. 30, 2018 USD ($)
Disaggregation Of Revenue [Line Items]
Revenue recognition description of capitalized contract costs	Capitalized contract costs are expensed upon the transfer of the related goods or services and are included in cost of services or cost of products sold, as applicable
Capitalized contract costs to obtain contracts	$ 1,800,000
Capitalized contract costs to fulfill contracts	24,900,000
Impairment loss on capitalized contract costs	$ 0
Maximum
Disaggregation Of Revenue [Line Items]
Unsatisfied performance obligations period	1 year
GES
Disaggregation Of Revenue [Line Items]
Performance obligation description of payment terms	Payment terms are generally within 30-60 days and contain no significant financing components
GES \| Minimum
Disaggregation Of Revenue [Line Items]
Performance obligation payment terms	30 days
GES \| Maximum
Disaggregation Of Revenue [Line Items]
Performance obligation payment terms	60 days
Pursuit
Disaggregation Of Revenue [Line Items]
Performance obligation description of payment terms	When credit is extended, payment terms are generally within 30 days and contain no significant financing components
Performance obligation payment terms	30 days

Revenue and Related Contract Costs and Contract Liabilities - Summary of Changes in Contract Liabilities (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2018 USD ($)
Revenue From Contract With Customer [Abstract]
Balance at January 1, 2018	$ 31,981
Cash additions	87,716
Revenue recognized	(68,676)
Foreign exchange translation adjustment	(602)
Balance at June 30, 2018	$ 50,419

Revenue and Related Contract Costs and Contract Liabilities - Summary of Changes in Contract Costs (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2018 USD ($)
Revenue From Contract With Customer [Abstract]
Balance at January 1, 2018	$ 16,878
Additions	32,720
Expenses	(22,514)
Foreign exchange translation adjustment	(412)
Balance at June 30, 2018	$ 26,672

Revenue and Related Contract Costs and Contract Liabilities - Disaggregate GES and Pursuit Revenue by Major Product Line Timing of Revenue Recognition and Markets Served (Details) - USD ($)
$ in Thousands

3 Months Ended

6 Months Ended

Jun. 30, 2018

Jun. 30, 2017

Jun. 30, 2018

Jun. 30, 2017

$ 363,677

$ 364,774

$ 641,105

$ 690,581

GES

315,322

583,028

GES | Operating Segments

GES | Intersegment Eliminations

315,322

320,109

583,028

637,980

(6,346)

(7,205)

(9,694)

(10,444)

Pursuit

Pursuit | Operating Segments

48,355

58,077

Pursuit | Intersegment Eliminations

48,355

44,665

58,077

52,601

U.S. | GES | Operating Segments

(500)

(706)

International | GES | Operating Segments

241,239

242,031

445,107

499,242

Services Transferred Over Time | GES

80,429

85,283

147,615

149,182

Services Transferred Over Time | GES | Intersegment Eliminations

277,901

515,694

Services Transferred Over Time | Pursuit

(6,346)

(9,694)

Services Transferred Over Time | U.S. | GES | Operating Segments

36,822

44,577

Services Transferred Over Time | International | GES | Operating Segments

224,590

413,076

Products Transferred Over Time | GES

59,657

112,312

Products Transferred Over Time | U.S. | GES | Operating Segments

^[1]

15,794

30,493

Products Transferred Over Time | International | GES | Operating Segments

^[1]

10,084

20,676

Products Transferred at a Point in Time | GES

^[1]

5,710

9,817

Products Transferred at a Point in Time | Pursuit

21,627

36,841

Products Transferred at a Point in Time | U.S. | GES | Operating Segments

11,533

13,500

Products Transferred at a Point in Time | International | GES | Operating Segments

6,565

11,355

15,062

25,486

Core Services | GES

Core Services | U.S. | GES | Operating Segments

243,572

453,152

Core Services | International | GES | Operating Segments

193,315

356,682

50,257

96,470

Audio Visual | GES

Audio Visual | U.S. | GES | Operating Segments

27,294

47,546

Audio Visual | International | GES | Operating Segments

20,741

37,825

6,553

9,721

Event Technology | GES

Event Technology | U.S. | GES | Operating Segments

13,381

24,690

Event Technology | International | GES | Operating Segments

10,534

18,569

2,847

6,121

Total Services | GES

Total Services | GES | Intersegment Eliminations

277,901

515,694

(6,346)

(9,694)

Total Services | Pursuit

Total Services | U.S. | GES | Operating Segments

36,822

44,577

Total Services | International | GES | Operating Segments

224,590

413,076

59,657

112,312

Core Products | GES

Core Products | U.S. | GES | Operating Segments

37,421

67,334

Core Products | International | GES | Operating Segments

16,649

32,031

20,772

35,303

Exhibitions | GES

Exhibitions | U.S. | GES | Operating Segments

178,542

364,366

Exhibitions | International | GES | Operating Segments

125,174

255,668

53,368

108,698

Conferences | GES

Conferences | U.S. | GES | Operating Segments

101,825

146,302

Conferences | International | GES | Operating Segments

84,599

122,415

17,226

23,887

Corporate Events | GES

Corporate Events | U.S. | GES | Operating Segments

34,380

68,684

Corporate Events | International | GES | Operating Segments

25,810

55,254

8,570

13,430

Consumer Events | GES

Consumer Events | U.S. | GES | Operating Segments

6,921

13,370

Consumer Events | International | GES | Operating Segments

5,656

11,770

1,265

1,600

Accommodations | Pursuit

9,030

10,735

Admissions | Pursuit

23,480

27,059

Transportation | Pursuit

Travel Planning | Pursuit

4,321

6,690

Food and Beverage | Pursuit

491

799

Retail Operations | Pursuit

6,705

7,924

4,828

5,576

Products

48,954

$ 45,595

80,834

$ 80,759

Products | Pursuit

Banff Jasper Collection | Pursuit

11,533

13,500

Alaska Collection | Pursuit

28,519

35,608

Glacier Park Collection | Pursuit

10,614

10,827

6,640

7,266

FlyOver | Pursuit

$ 2,582

$ 4,376

[1]	GES’ graphics product revenue is recognized over time as it is considered a part of the single performance obligation satisfied over time.

Revenue and Related Contract Costs and Contract Liabilities - Balance Sheet Reclassifications made to Separately Present Contract Costs and Contract Liabilities in Connection with Adoption of Topic 606 (Details) - USD ($)
$ in Thousands

Jun. 30, 2018

Dec. 31, 2017

Jun. 30, 2017

Dec. 31, 2016

Cash and cash equivalents

$ 49,386

$ 53,723

$ 44,042

$ 20,900

Accounts receivable, net

141,633

104,811

20,361

17,550

^[1]

Current contract costs

21,525

13,436

^[1]

Property and equipment, net

31,167

19,741

^[1]

324,951

305,571

Other intangible assets, net

49,580

48,187

^[1]

Deferred income taxes

21,146

23,548

Goodwill

266,023

270,551

57,397

62,781

Total Assets

983,169

919,899

Accounts payable

96,569

77,380

Contract liabilities

50,419

31,981

^[2]

Accrued compensation

29,280

30,614

Debt and capital lease obligations, current and long-term

47,711

40,154

^[2]

239,478

209,192

Pension and postretirement benefits

27,661

28,135

Other deferred items and liabilities

49,357

52,858

Total liabilities

540,475

470,314

Redeemable noncontrolling interest

6,513

6,648

Total stockholders' equity

436,181

442,937

^[3]

$ 413,721

$ 370,638

Total Liabilities and Stockholders’ Equity

$ 983,169

919,899

Accounting Standards Update 2014-09 | As Previously Reported

Cash and cash equivalents

53,723

Accounts receivable, net

104,811

^[1]

30,372

Property and equipment, net

^[1]

21,030

305,571

Other intangible assets, net

^[1]

47,512

Deferred income taxes

23,548

Goodwill

270,551

62,781

Total Assets

919,899

Accounts payable

77,380

Customer deposits

^[2]

33,415

Accrued compensation

30,614

Debt and capital lease obligations, current and long-term

^[2]

38,720

209,192

Pension and postretirement benefits

28,135

Other deferred items and liabilities

52,858

Total liabilities

470,314

Redeemable noncontrolling interest

6,648

Total stockholders' equity

^[3]

442,937

Total Liabilities and Stockholders’ Equity

919,899

Accounting Standards Update 2014-09 | Reclassifications

^[1]

(12,822)

Current contract costs

^[1]

13,436

^[1]

(1,289)

^[1]

675

Customer deposits

^[2]

(33,415)

Contract liabilities

^[2]

31,981

^[2]

$ 1,434

[1]	Contract costs primarily consist of deferred core services costs (including labor and vendor purchases) required to service future exhibitions, conferences and other events, and commission expenses incurred to obtain contracts. All such costs were previously included in “Inventories” and in certain other assets. As a result of the changes noted above, deferred core services costs related to exhibitions and events that are scheduled to occur longer than one year in the future are currently included in “Other investments and assets”. The impact of this change reduced total current assets at December 31, 2017 by $0.7 million. The amount of deferred core services costs included in “Other investments and assets” at June 30, 2018 was $5.1 million.
[2]	In connection with the adoption of Topic 606, we elected to more prominently present contract liabilities on the Consolidated Balance Sheets. Consequently, customer deposits of $33.4 million as of December 31, 2017, have been reclassified to “Contract liabilities” and to other certain current liabilities to conform to the current period presentation.
[3]	We determined that the cumulative effect of initially applying Topic 606 as an adjustment to the opening balance of retained earnings was not material, and therefore we made no adjustment.

Revenue and Related Contract Costs and Contract Liabilities - Balance Sheet Reclassifications made to Separately Present Contract Costs and Contract Liabilities in Connection with Adoption of Topic 606 (Parenthetical) (Details) - USD ($)
$ in Thousands

Jun. 30, 2018

Dec. 31, 2017

Reclassification of customer deposits to contract liabilities

$ 50,419

$ 31,981

^[1]

Accounting Standards Update 2014-09

Reduction in total current assets

700

Accounting Standards Update 2014-09 | Reclassification of Customer Deposits to Contract Liabilities

Reclassification of customer deposits to contract liabilities

$ 33,400

Accounting Standards Update 2014-09 | Core Services

Deferred costs included in other investments and assets

$ 5,100

[1]

In connection with the adoption of Topic 606, we elected to more prominently present contract liabilities on the Consolidated Balance Sheets. Consequently, customer deposits of $33.4 million as of December 31, 2017, have been reclassified to “Contract liabilities” and to other certain current liabilities to conform to the current period presentation.

Share-Based Compensation - Summary of Share-Based Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Summary of share-based compensation expense
Share-based compensation before income tax benefit	$ 2,045	$ 2,748	$ 2,762	$ 4,747
Income tax benefit	(515)	(1,028)	(696)	(1,772)
Share-based compensation, net of income tax benefit	1,530	1,720	2,066	2,975
Performance unit incentive plan (“PUP”)
Summary of share-based compensation expense
Share-based compensation before income tax benefit	1,324	1,927	1,518	3,243
Restricted stock
Summary of share-based compensation expense
Share-based compensation before income tax benefit	667	774	1,170	1,397
Restricted stock units
Summary of share-based compensation expense
Share-based compensation before income tax benefit	$ 54	$ 47	$ 74	$ 107

Share-Based Compensation - Narrative (Details) - USD ($)	1 Months Ended				3 Months Ended		6 Months Ended
	Mar. 31, 2018	Feb. 28, 2018	Mar. 31, 2017	Feb. 28, 2017	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Repurchase of common stock for employee tax withholding obligations amount, shares							19,237	25,642
Repurchase of common stock for employee tax withholding obligations amount							$ 1,000,000	$ 1,200,000
2017 Plan
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Useful Life of the plan							10 years
Common stock shares issuable						1,750,000		1,750,000
Shares available for grant					1,667,216		1,667,216
2007 Plan
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Award vesting period							3 years
2007 Plan \| Performance Unit Incentive Plan (“PUP”)
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Awards with grant date fair value during the period							$ 4,000,000
Stock value payable							1,600,000
Liability awards recorded					$ 6,000,000		6,000,000		$ 11,000,000
Payments to employees	$ 5,900,000		$ 3,700,000
2007 Plan \| Restricted Stock
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Unamortized cost					3,700,000		$ 3,700,000
Recognition period of unrecognized cost							1 year 4 months 24 days
Repurchase of common stock for employee tax withholding obligations amount, shares							19,237	25,642
Repurchase of common stock for employee tax withholding obligations amount							$ 1,000,000	$ 1,200,000
2007 Plan \| Restricted Stock Units
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Payments to employees		$ 200,000		$ 300,000
Liabilities related to restricted stock					300,000		300,000		$ 500,000
Restructuring Charges
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Share-based compensation before income tax benefit					$ 0	$ 0	$ 0	$ 0

Share-Based Compensation - Summary of Activity of the Outstanding Share-Based Compensation Awards (Details)	6 Months Ended
	Jun. 30, 2018 $ / shares shares
Performance Unit Incentive Plan (“PUP”)
Summary of activity of the outstanding share-based compensation awards
Beginning Balance, Shares \| shares	239,338
Granted, Shares \| shares	76,925
Vested, Shares \| shares	(75,761)
Forfeited, Shares \| shares	0
Ending Balance, Shares \| shares	240,502
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Beginning Balance, Weighted-Average Grant Date Fair Value \| $ / shares	$ 32.80
Granted, Weighted-Average Grant Date Fair Value \| $ / shares	52.03
Vested, Weighted-Average Grant Date Fair Value \| $ / shares	27.29
Forfeited, Weighted-Average Grant Date Fair Value \| $ / shares	0
Ending Balance, Weighted-Average Grant Date Fair Value \| $ / shares	$ 40.68
Restricted Stock
Summary of activity of the outstanding share-based compensation awards
Beginning Balance, Shares \| shares	206,899
Granted, Shares \| shares	47,157
Vested, Shares \| shares	(62,684)
Forfeited, Shares \| shares	(2,306)
Ending Balance, Shares \| shares	189,066
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Beginning Balance, Weighted-Average Grant Date Fair Value \| $ / shares	$ 33.16
Granted, Weighted-Average Grant Date Fair Value \| $ / shares	51.93
Vested, Weighted-Average Grant Date Fair Value \| $ / shares	27.28
Forfeited, Weighted-Average Grant Date Fair Value \| $ / shares	39.84
Ending Balance, Weighted-Average Grant Date Fair Value \| $ / shares	$ 39.71
Restricted Stock Units
Summary of activity of the outstanding share-based compensation awards
Beginning Balance, Shares \| shares	12,750
Granted, Shares \| shares	3,669
Vested, Shares \| shares	(4,300)
Forfeited, Shares \| shares	(258)
Ending Balance, Shares \| shares	11,861
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Beginning Balance, Weighted-Average Grant Date Fair Value \| $ / shares	$ 30.94
Granted, Weighted-Average Grant Date Fair Value \| $ / shares	52.28
Vested, Weighted-Average Grant Date Fair Value \| $ / shares	27.35
Forfeited, Weighted-Average Grant Date Fair Value \| $ / shares	37.69
Ending Balance, Weighted-Average Grant Date Fair Value \| $ / shares	$ 38.70

Share-Based Compensation - Summary of Stock Option Activity (Details)	6 Months Ended
	Jun. 30, 2018 $ / shares shares
Options outstanding and exercisable
Options outstanding and exercisable Beginning Balance, Shares \| shares	63,773
Exercised, Shares \| shares	(5,084)
Option outstanding and exercisable Ending Balance, Shares \| shares	58,689
Weighted-Average Exercise Price
Options outstanding and exercisable Beginning Balance, Weighted-Average Exercise Price \| $ / shares	$ 16.62
Exercised, Weighted-Average Exercise Price \| $ / shares	16.62
Options outstanding and exercisable Ending Balance, Weighted-Average Exercise Price \| $ / shares	$ 16.62

Acquisition of Business - Narrative (Details) - Esja Attractions ehf. € in Millions			3 Months Ended		6 Months Ended
	Nov. 03, 2017 USD ($)	Nov. 03, 2017 EUR (€)	Jun. 30, 2018 USD ($)	Mar. 31, 2018 USD ($)	Jun. 30, 2018 USD ($)	Jun. 30, 2017 USD ($)
Business Acquisition [Line Items]
Business acquisition date	Nov. 03, 2017	Nov. 03, 2017
Percentage of controlling interest acquired	54.50%
Purchase price	$ 9,500,000	€ 8.2
Estimated fair value of non-controlling interest	$ 6,700,000
Fair value of noncontrolling interest, adjustments				$ 0
Start-up Costs
Business Acquisition [Line Items]
Operating income (losses)			$ (200,000)		$ (400,000)
Corporate Activities
Business Acquisition [Line Items]
Acquisition related costs					$ 100,000	$ 100,000

Inventories - Components of Inventories (Details) - USD ($)
$ in Thousands

Jun. 30, 2018

Dec. 31, 2017

Components of Inventories

Raw materials

$ 20,361

$ 17,550

Deferred Costs Capitalized Prepaid And Other Assets Disclosure [Abstract]

$ 20,361

$ 17,550

^[1]

[1]

Contract costs primarily consist of deferred core services costs (including labor and vendor purchases) required to service future exhibitions, conferences and other events, and commission expenses incurred to obtain contracts. All such costs were previously included in “Inventories” and in certain other assets. As a result of the changes noted above, deferred core services costs related to exhibitions and events that are scheduled to occur longer than one year in the future are currently included in “Other investments and assets”. The impact of this change reduced total current assets at December 31, 2017 by $0.7 million. The amount of deferred core services costs included in “Other investments and assets” at June 30, 2018 was $5.1 million.

Other Current Assets - Schedule of Other Current Assets (Details) - USD ($)
$ in Thousands

Jun. 30, 2018

Dec. 31, 2017

Income tax receivable

$ 14,138

$ 4,237

Prepaid vendor payments

5,903

5,048

Prepaid software maintenance

4,828

3,386

Prepaid taxes

959

912

Prepaid insurance

845

2,610

Prepaid rent

793

730

Prepaid other

3,510

2,172

191

646

Investments All Other Investments [Abstract]

$ 31,167

$ 19,741

^[1]

[1]

Contract costs primarily consist of deferred core services costs (including labor and vendor purchases) required to service future exhibitions, conferences and other events, and commission expenses incurred to obtain contracts. All such costs were previously included in “Inventories” and in certain other assets. As a result of the changes noted above, deferred core services costs related to exhibitions and events that are scheduled to occur longer than one year in the future are currently included in “Other investments and assets”. The impact of this change reduced total current assets at December 31, 2017 by $0.7 million. The amount of deferred core services costs included in “Other investments and assets” at June 30, 2018 was $5.1 million.

Property and Equipment - Schedule of Property and Equipment (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Property Plant And Equipment [Line Items]
Gross property and equipment	$ 640,299	$ 606,338
Accumulated depreciation	(315,348)	(300,767)
Property and equipment, net	324,951	305,571
Land and land interests
Property Plant And Equipment [Line Items]
Gross property and equipment	32,197	32,544
Buildings and leasehold improvements
Property Plant And Equipment [Line Items]
Gross property and equipment	243,622	222,118
Equipment and other
Property Plant And Equipment [Line Items]
Gross property and equipment	$ 364,480	$ 351,676

Property and Equipment - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Property Plant And Equipment [Abstract]
Depreciation expense	$ 12.3	$ 11.3	$ 22.6	$ 20.4
Property and equipment acquired under capital leases, increased amount			2.1	0.8
Property and equipment purchased through accounts payable and accrued liabilities, increased amount			$ 0.1	$ 2.0

Other Investments and Assets - Summary of Other Investments and Assets (Details) - USD ($)
$ in Thousands

Jun. 30, 2018

Dec. 31, 2017

Cash surrender value of life insurance

$ 24,116

$ 23,947

Self-insured liability receivable

10,442

Contract costs

^[1]

5,147

3,442

Workers’ compensation insurance security deposits

3,550

Other mutual funds

2,838

2,637

3,487

4,169

Accommodation services deposits

$ 49,580

$ 48,187

^[2]

[1]

Upon the adoption of Topic 606, the deferred incremental costs of obtaining and fulfilling contracts that were previously reported in Inventories under “Work in process” are currently reported under “Current contract costs” and “Other investments and assets.” Refer to Note 2 – Revenue and Related Contract Costs and Contract Liabilities for additional information.

[2]

Contract costs primarily consist of deferred core services costs (including labor and vendor purchases) required to service future exhibitions, conferences and other events, and commission expenses incurred to obtain contracts. All such costs were previously included in “Inventories” and in certain other assets. As a result of the changes noted above, deferred core services costs related to exhibitions and events that are scheduled to occur longer than one year in the future are currently included in “Other investments and assets”. The impact of this change reduced total current assets at December 31, 2017 by $0.7 million. The amount of deferred core services costs included in “Other investments and assets” at June 30, 2018 was $5.1 million.

Goodwill and Other Intangible Assets - Summary of Goodwill Balances by Component and Segment (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2018 USD ($)
Goodwill [Line Items]
Balance, beginning	$ 270,551
Foreign currency translation adjustments	(4,528)
Balance, ending	266,023
GES U.S.
Goodwill [Line Items]
Balance, beginning	148,277
Balance, ending	148,277
GES International
Goodwill [Line Items]
Balance, beginning	38,840
Foreign currency translation adjustments	(1,038)
Balance, ending	37,802
Pursuit
Goodwill [Line Items]
Balance, beginning	83,434
Foreign currency translation adjustments	(3,490)
Balance, ending	$ 79,944

Goodwill and Other Intangible Assets - Summary of Other Intangible Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Finite-Lived Intangible Assets, Net [Abstract]
Amortized intangible assets, Gross Carrying Value	$ 93,513	$ 93,641
Accumulated Amortization	(36,576)	(31,320)
Amortized intangible assets, Net Carrying Value	56,937	62,321
Intangible Assets, Gross (Excluding Goodwill)	93,973	94,101
Other intangible assets, net	57,397	62,781
Customer contracts and relationships
Finite-Lived Intangible Assets, Net [Abstract]
Amortized intangible assets, Gross Carrying Value	68,454	68,798
Accumulated Amortization	(27,708)	(23,696)
Amortized intangible assets, Net Carrying Value	40,746	45,102
Operating contracts and licenses
Finite-Lived Intangible Assets, Net [Abstract]
Amortized intangible assets, Gross Carrying Value	9,530	9,951
Accumulated Amortization	(1,207)	(1,094)
Amortized intangible assets, Net Carrying Value	8,323	8,857
Tradenames
Finite-Lived Intangible Assets, Net [Abstract]
Amortized intangible assets, Gross Carrying Value	8,553	8,633
Accumulated Amortization	(3,343)	(2,873)
Amortized intangible assets, Net Carrying Value	5,210	5,760
Other
Finite-Lived Intangible Assets, Net [Abstract]
Amortized intangible assets, Gross Carrying Value	1,678	896
Accumulated Amortization	(745)	(650)
Amortized intangible assets, Net Carrying Value	933	246
Non-compete agreements
Finite-Lived Intangible Assets, Net [Abstract]
Amortized intangible assets, Gross Carrying Value	5,298	5,363
Accumulated Amortization	(3,573)	(3,007)
Amortized intangible assets, Net Carrying Value	1,725	2,356
Business licenses
Finite-Lived Intangible Assets, Net [Abstract]
Unamortized intangible assets, Gross Carrying Value	$ 460	$ 460

Goodwill and Other Intangible Assets - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Services
Segment Reporting Information [Line Items]
Intangible asset amortization expense	$ 2.9	$ 3.3	$ 5.5	$ 6.3
Customer contracts and relationships
Segment Reporting Information [Line Items]
Weighted-average amortization period of intangible assets			8 years 1 month 6 days
Operating contracts and licenses
Segment Reporting Information [Line Items]
Weighted-average amortization period of intangible assets			25 years 10 months 24 days
Tradenames
Segment Reporting Information [Line Items]
Weighted-average amortization period of intangible assets			6 years 7 months 6 days
Non-compete agreements
Segment Reporting Information [Line Items]
Weighted-average amortization period of intangible assets			1 year 9 months 18 days
Other
Segment Reporting Information [Line Items]
Weighted-average amortization period of intangible assets			8 years 2 months 12 days

Goodwill and Other Intangible Assets - Estimated Amortization Expense Related to Amortized Intangible Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Estimated amortization expense related to amortized intangible assets
Remainder of 2018	$ 5,527
2019	9,951
2020	8,455
2021	7,465
2022	5,932
Thereafter	19,607
Amortized intangible assets, Net Carrying Value	$ 56,937	$ 62,321

Other Current Liabilities - Schedule of Other Current Liabilities (Details) - USD ($)
$ in Thousands

Jun. 30, 2018

Dec. 31, 2017

Continuing operations:

^[1]

$ 10,358

$ 2,540

Self-insured liability

6,255

6,208

Commissions payable

4,634

3,235

Accrued sales and use taxes

4,576

2,431

Accrued employee benefit costs

3,979

2,915

Accrued income tax payable

3,135

7,518

Accrued dividends

2,097

2,094

Current portion of pension and postretirement liabilities

1,921

2,109

Deferred rent

1,601

1,679

Accrued professional fees

662

1,020

Accrued restructuring

528

722

Other taxes

2,908

2,750

Total continuing operations

3,851

3,852

46,505

39,073

Discontinued operations:

Environmental remediation liabilities

720

648

Self-insured liability

401

337

Total discontinued operations

85

96

1,206

1,081

Total other current liabilities

$ 47,711

$ 40,154

^[2]

[1]

With the adoption of Topic 606, we present customer deposits as “Contract liabilities” as they are received prior to transferring the related product or service to the customer. We recognize revenue upon satisfaction of the related contract performance obligation(s). We reclassified $2.5 million of GES’ events accommodation services deposits out of “Contract liabilities” to “Other current liabilities” on the December 31, 2017 Condensed Consolidated Balance Sheet as they do not represent “Contract liabilities” but rather deposits from hotel guests that are passed on to the hotels. Refer to Note 2 – Revenue and Related Contract Costs and Contract Liabilities for additional information.

[2]

In connection with the adoption of Topic 606, we elected to more prominently present contract liabilities on the Consolidated Balance Sheets. Consequently, customer deposits of $33.4 million as of December 31, 2017, have been reclassified to “Contract liabilities” and to other certain current liabilities to conform to the current period presentation.

Other Current Liabilities - Schedule of Other Current Liabilities (Parenthetical) (Details) - USD ($)
$ in Thousands

Jun. 30, 2018

Dec. 31, 2017

Other Liabilities Current [Line Items]

Reclassification of GES’ events accommodation services deposits out of “Contract liabilities” to “Other current liabilities”

$ 47,711

$ 40,154

^[1]

Reclassification of accrued rebates to contract liabilities

$ 50,419

31,981

^[1]

Adopting Topic 606 | Reclassification of Contract Liabilities to Other Contract Liabilities

Other Liabilities Current [Line Items]

Reclassification of GES’ events accommodation services deposits out of “Contract liabilities” to “Other current liabilities”

2,500

Adopting Topic 606 | Reclassification of Accrued Rebates to Contract Liabilities

Other Liabilities Current [Line Items]

Reclassification of accrued rebates to contract liabilities

$ 1,100

[1]

In connection with the adoption of Topic 606, we elected to more prominently present contract liabilities on the Consolidated Balance Sheets. Consequently, customer deposits of $33.4 million as of December 31, 2017, have been reclassified to “Contract liabilities” and to other certain current liabilities to conform to the current period presentation.

Other Deferred Items and Liabilities - Summary of Other Deferred Items and Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Continuing operations:
Self-insured liability	$ 13,130	$ 12,918
Self-insured excess liability	10,442	10,442
Foreign deferred tax liability	8,590	8,267
Accrued compensation	6,237	9,740
Deferred rent	3,654	3,855
Accrued restructuring	1,790	1,827
Other	1,303	1,305
Total continuing operations	45,146	48,354
Discontinued operations:
Self-insured liability	2,358	2,557
Environmental remediation liabilities	1,616	1,728
Other	237	219
Total discontinued operations	4,211	4,504
Total other deferred items and liabilities	$ 49,357	$ 52,858

Debt and Capital Lease Obligations - Schedule of Long-term Debt and Capital Lease Obligations (Details) - USD ($)
$ in Thousands

Jun. 30, 2018

Dec. 31, 2017

Debt Instrument [Line Items]

Revolving credit facility and term loan gross

^[1]

$ 216,751

$ 207,322

Less unamortized debt issuance costs

(717)

(984)

Total debt

235,521

206,338

Capital lease obligations 4.2% weighted-average interest rate at June 30, 2018 and 3.8% at December 31, 2017, due through 2021

3,957

2,854

Total debt and capital lease obligations

239,478

209,192

Current portion

^[2]

(190,967)

(152,599)

Long-term debt and capital lease obligations

48,511

$ 56,593

Brewster Inc. Revolving Credit Facility

Debt Instrument [Line Items]

Revolving credit facility and term loan gross

^[1]

$ 19,487

[1]	Represents the weighted-average interest rate in effect at the respective periods for the revolving credit facilities and term loan borrowings, including any applicable margin. The interest rates do not include amortization of debt issuance costs or commitment fees.
[2]	Borrowings under the revolving credit facilities are classified as current because all borrowed amounts are due within one year.

Debt and Capital Lease Obligations - Schedule of Long-term Debt and Capital Lease Obligations (Parenthetical) (Details)	6 Months Ended	12 Months Ended
	Jun. 30, 2018	Dec. 31, 2017
Debt Instrument [Line Items]
Interest rate on credit facility	3.60%	3.10%
Weighted interest rate on long term debt	4.20%	3.80%
Current revolving credit facility maturity period	1 year	1 year
Brewster Inc. Revolving Credit Facility
Debt Instrument [Line Items]
Interest rate on credit facility	3.10%

Debt and Capital Lease Obligations - Narrative (Details) - USD ($)
$ in Thousands

6 Months Ended

Dec. 06, 2016

Dec. 22, 2014

Jun. 30, 2018

Jun. 30, 2017

May 18, 2018

Dec. 31, 2017

Dec. 28, 2016

Fixed charge coverage ratio

Leverage ratio

199.00%

263.00%

Total debt and capital lease obligations

$ 239,478

$ 209,192

Capital lease obligations, total

^[1]

216,751

207,322

3,957

2,854

Remaining borrowing capacity on line of credit

22,600

Letters of credit outstanding

1,300

Unamortized debt issuance cost

717

984

Fair value of debt

233,500

$ 203,200

Cash paid for interest on debt

$ 4,100

$ 3,600

Revolving Credit Facility

Commitment fee percentage on line of credit

0.35%

$ 151,100

Term Loan

$ 65,600

Brewster Revolver

Commitment fee percentage on line of credit

$ 20,000

$ 30,000

$ 38,000

Maturity date

Dec. 28, 2018

0.25%

Remaining borrowing capacity on line of credit

^[1]

$ 19,487

$ 10,500

Amended and Restated Credit Agreement

Amended and Restated Credit Agreement | Senior Credit Facility

Maturity date

Dec. 22, 2019

Amended and Restated Credit Agreement | Revolving Credit Facility

$ 300,000

Additional borrowing capacity on line of credit

175,000

100,000

Line of Credit borrowings used to support letter of credit

40,000

Amended and Restated Credit Agreement | Term Loan

$ 125,000

Amendment No. 1

Maximum leverage ratio for acquisition

300.00%

Leverage ratio required for dividend or share activity

250.00%

Maximum leverage ratio for unsecured debt

300.00%

Annual share repurchase limit on leverage ratio basis

$ 20,000

Amendment No. 1 | Maximum

Amendment No. 1 | Minimum

Leverage ratio

350.00%

Fixed charge coverage ratio

175.00%

Top Tier Foreign Subsidiaries | Amended and Restated Credit Agreement

Percent of lenders security interest on capital stock foreign subsidiary

65.00%

[1]	Represents the weighted-average interest rate in effect at the respective periods for the revolving credit facilities and term loan borrowings, including any applicable margin. The interest rates do not include amortization of debt issuance costs or commitment fees.

Fair Value Measurements - Summary of Fair Value Assets Measured on Recurring Basis (Details) - Fair Value, Measurements, Recurring - USD ($)
$ in Thousands

Jun. 30, 2018

Dec. 31, 2017

Quoted Prices in Active Markets (Level 1)

$ 2,958

$ 2,756

2,958

2,756

Money market funds

Money market funds | Quoted Prices in Active Markets (Level 1)

^[1]

120

119

^[1]

120

119

Other mutual funds

Other mutual funds | Quoted Prices in Active Markets (Level 1)

^[2]

2,838

2,637

Noncontrolling Interest [Line Items]

^[2]

$ 2,838

$ 2,637

[1]

Money market funds are included in “Cash and cash equivalents” in the Condensed Consolidated Balance Sheets. These investments are classified as available-for-sale and are recorded at fair value. There have been no realized gains or losses related to these investments and we have not experienced any redemption restrictions with respect to any of the money market mutual funds.

[2]

Other mutual funds are included in “Other investments and assets” in the Condensed Consolidated Balance Sheets. Upon the adoption of ASU 2016-01, unrealized gains on equity securities that were previously classified as available-for-sale are recognized in net income rather than “Accumulated other comprehensive income” (“AOCI”). We adopted this guidance prospectively on January 1, 2018 and recognized a cumulative-effect adjustment of $0.6 million to beginning retained earnings, which represents unrealized gains of $1.0 million ($0.6 million after tax) as of December 31, 2017 that were included in AOCI in the Condensed Consolidated Balance Sheets. Refer to Note 14 – Stockholders’ Equity for additional information.

Fair Value Measurements - Summary of Fair Value Assets Measured on Recurring Basis (Parenthetical) (Details) - USD ($)	6 Months Ended
	Jun. 30, 2018	Dec. 31, 2017
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Unrealized gains on the investments		$ 1,000,000
Unrealized gains on the investments after-tax		600,000
Unrealized Gains on Equity Securities Classified as Available-for-sale
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Cumulative-effect adjustment recognized to beginning retained earnings	$ (616,000)
Unrealized Gains on Equity Securities Classified as Available-for-sale \| Adoption of ASU 2016-01
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Cumulative-effect adjustment recognized to beginning retained earnings	600,000
Money market funds
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Realized gains on the investments	0
Unrealized gains on the investments	$ 0
Other mutual funds
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Unrealized gains on the investments		1,000,000
Unrealized gains on the investments after-tax		$ 600,000

Stockholders' Equity - Reconciliation of Stockholders' Equity to Noncontrolling Interests (Details) - USD ($)
$ in Thousands

3 Months Ended

6 Months Ended

Jun. 30, 2018

Jun. 30, 2017

Jun. 30, 2018

Jun. 30, 2017

Net income (loss) attributable to Viad

$ 442,937

^[1]

$ 370,638

$ 23,490

$ 27,947

14,103

34,724

Net loss attributable to non-redeemable noncontrolling interest

(33)

(73)

(397)

(337)

Net income (loss)

13,706

34,387

Dividends on common stock

(4,095)

(4,077)

Common stock purchased for treasury

(10,085)

(1,204)

Employee benefit plans

4,211

3,982

Unrealized foreign currency translation adjustment

^[2]

(8,095)

7,360

(11,204)

9,705

Other changes to AOCI

669

243

42

47

Non-Redeemable Non-Controlling Interest

436,181

413,721

436,181

413,721

Noncontrolling Interest [Line Items]

Net loss attributable to non-redeemable noncontrolling interest

13,806

13,283

(397)

(337)

Noncontrolling Interest [Line Items]

13,409

12,946

13,409

12,946

Total Viad Equity

Net income (loss) attributable to Viad

429,131

357,355

14,103

34,724

Dividends on common stock

(4,095)

(4,077)

Common stock purchased for treasury

(10,085)

(1,204)

Employee benefit plans

4,211

3,982

Unrealized foreign currency translation adjustment

(11,204)

9,705

Other changes to AOCI

669

243

42

47

Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]

$ 422,772

$ 400,775

$ 422,772

$ 400,775

[1]	We determined that the cumulative effect of initially applying Topic 606 as an adjustment to the opening balance of retained earnings was not material, and therefore we made no adjustment.
[2]	The tax effect on other comprehensive income (loss) is not significant.

Stockholders' Equity - Reconciliation of Stockholders' Equity to Noncontrolling Interests (Parenthetical) (Details) - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Equity [Abstract]
Dividends declared per common share	$ 0.10	$ 0.10	$ 0.20	$ 0.20

Stockholders' Equity - Schedule of Accumulated Other Comprehensive Income (Loss) (Details)
$ in Thousands

6 Months Ended

Jun. 30, 2018

USD ($)

$ 442,937

^[1]

Unrealized Gains on Investments

436,181

Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]

616

Cumulative Foreign Currency Translation Adjustments

(616)

Adoption of ASU 2016-01

(616)

Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]

Other comprehensive income before reclassifications

(12,026)

(11,204)

(11,204)

Unrecognized Net Actuarial Loss and Prior Service Credit, Net

(23,230)

Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]

Amounts reclassified from AOCI, net of tax

(11,158)

669

669

Accumulated Other Comprehensive Income (Loss)

(10,489)

Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]

Other comprehensive income before reclassifications

(22,568)

(11,204)

Amounts reclassified from AOCI, net of tax

669

(11,151)

Impact of adopting Topic 606 to net income

(33,719)

Adoption of ASU 2016-01

$ (616)

[1]	We determined that the cumulative effect of initially applying Topic 606 as an adjustment to the opening balance of retained earnings was not material, and therefore we made no adjustment.

Stockholders' Equity - Additional Infomation (Details) $ in Millions	Dec. 31, 2017 USD ($)
Equity [Abstract]
Unrealized gains on the investments	$ 1.0
Unrealized gains on the investments after-tax	$ 0.6

Income Per Share - Reconciliation of Basic and Diluted Income Per Share (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands

3 Months Ended

6 Months Ended

Jun. 30, 2018

Jun. 30, 2017

Jun. 30, 2018

Jun. 30, 2017

Numerator:

$ 23,490

$ 27,947

$ 14,103

$ 34,724

Less: Allocation to non-vested shares

(222)

(345)

(139)

(442)

Adjustment to the redemption value of redeemable noncontrolling interest

(52)

(90)

Net income allocated to Viad common stockholders (basic)

$ 23,216

$ 27,602

$ 13,874

$ 34,282

Denominator:

Basic weighted-average outstanding common shares

20,209

20,140

20,208

20,112

Additional dilutive shares related to share-based compensation

227

224

238

243

Diluted weighted-average outstanding shares

20,436

20,364

20,446

20,355

Basic income attributable to Viad common stockholders

$ 1.15

$ 1.37

$ 0.69

$ 1.70

Diluted income attributable to Viad common stockholders(1)

^[1]

$ 1.15

$ 1.37

$ 0.69

$ 1.70

[1]	Diluted income (loss) per share amount cannot exceed basic income (loss) per share.

Income Taxes - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
Income Taxes - Narrative (Details) - USD ($) $ in Millions	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Income Tax Disclosure [Abstract]
Effective income tax rate	27.80%	27.10%	25.80%	27.10%
Federal statutory tax rate			21.00%	35.00%
Tax benefit to provisional estimate for reduction in corporate tax rate applied to deferred tax assets	$ 0.1
Income Taxes Paid			$ 16.8	$ 7.1

Pension and Postretirement Benefits - Components of Net Periodic Benefit Cost of Pension and Postretirement Benefit Plans (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Domestic Plans \| Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 33	$ 39	$ 35	$ 48
Interest cost	200	178	387	407
Expected return on plan assets	(45)	(68)	(80)	(107)
Recognized net actuarial loss	124	94	246	230
Net periodic benefit cost	312	243	588	578
Domestic Plans \| Postretirement Benefit Plans
Defined Benefit Plan Disclosure [Line Items]
Service cost	32	17	56	47
Interest cost	114	93	208	219
Amortization of prior service credit	(19)	(105)	(103)	(216)
Recognized net actuarial loss	65	20	117	120
Net periodic benefit cost	192	25	278	170
Foreign Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Service cost	138	128	280	258
Interest cost	91	113	183	226
Expected return on plan assets	(126)	(146)	(256)	(294)
Recognized net actuarial loss	39	45	80	89
Net periodic benefit cost	$ 142	$ 140	$ 287	$ 279

Pension and Postretirement Benefits - Narrative (Details) $ in Millions	6 Months Ended
	Jun. 30, 2018 USD ($)
Postretirement Benefit Plans
Defined Benefit Plan Disclosure [Line Items]
Amount expected to contribute in postretirement benefit plans	$ 1.1
Pension and Other Postretirement Benefit Contributions	0.6
Funded Plans \| Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Amount expected to contribute in funded pension plans	1.0
Pension Contributions	0.5
Unfunded Pension Plans \| Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Amount expected to contribute in unfunded pension plans	1.0
Pension Contributions	$ 0.4

Restructuring Charges - Changes to Restructuring Liability by Major Restructuring Activity (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Restructuring Cost And Reserve [Line Items]
Beginning balance			$ 2,549
Restructuring charges	$ 662	$ 168	824	$ 562
Cash payments			(1,027)
Adjustment to liability			(28)
Ending balance	2,318		2,318
GES \| Severance & Employee Benefits
Restructuring Cost And Reserve [Line Items]
Beginning balance			1,551
Restructuring charges			694
Cash payments			(694)
Adjustment to liability			437
Ending balance	1,988		1,988
GES \| Facilities
Restructuring Cost And Reserve [Line Items]
Beginning balance			807
Cash payments			(38)
Adjustment to liability			(451)
Ending balance	318		318
Other Restructuring \| Severance & Employee Benefits
Restructuring Cost And Reserve [Line Items]
Beginning balance			191
Restructuring charges			130
Cash payments			(295)
Adjustment to liability			(14)
Ending balance	$ 12		$ 12

Litigation, Claims, Contingencies and Other - Narrative (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2018 USD ($)	Jun. 30, 2017 USD ($)	Jun. 30, 2018 USD ($) Agreement	Jun. 30, 2017 USD ($)
Loss Contingencies [Line Items]
Environmental remediation liability	$ 2,300,000		$ 2,300,000
Maximum potential amount of future payments	17,700,000		$ 17,700,000
Guarantees relate to facilities leased by the company			2027-10
Recourse provision to recover guarantees	0		$ 0
Bargaining agreements \| Agreement			100
Self insurance reserve	19,400,000		$ 19,400,000
Workers' compensation liability	14,000,000		14,000,000
Self insurance reserve for general and auto	5,400,000		5,400,000
Self insurance reserve on discontinued operations	2,800,000		2,800,000
Estimated employee health benefit claims incurred but not yet reported	1,700,000		1,700,000
Payments for self insurance	1,200,000	$ 1,200,000	2,700,000	$ 2,500,000
Self insurance reserve in which company is the primary obligor	10,400,000		10,400,000
Self insurance reserve in which company is the primary obligor for workers compensation	6,900,000		6,900,000
Self insurance reserve in which company is the primary obligor for general liability	3,500,000		3,500,000
Minimum
Loss Contingencies [Line Items]
General range on claims	200,000		200,000
Maximum
Loss Contingencies [Line Items]
General range on claims	$ 500,000		$ 500,000

Redeemable Noncontrolling Interest - Narrative (Details) - Esja Attractions ehf. - EUR (€)	6 Months Ended
	Jun. 30, 2018	Nov. 03, 2017
Redeemable Noncontrolling Interest [Line Items]
Percentage of controlling interest acquired		54.50%
EBITDA trailing period	12 months
Put option right of exercisable period upon earnings	36 months
Redeemable noncontrolling interest conditions	The put option is only exercisable after 36 months of business operation (the “Reference Date”) and if the FlyOver Iceland attraction has earned a minimum of €3.25 million in unadjusted EBITDA during the most recent fiscal year and during the trailing 12-month period prior to exercise (the “Put Option Condition”). The put option is exercisable during a period of 12 months following the Reference Date (the “Option Period”) and if the Put Option Condition has been met. If the Put Option Condition has not been met during the first Option Period, the Reference Date will be extended for an additional 12 months up to three times. If after 72 months, the FlyOver Iceland attraction has not achieved the Put Option Condition, the put option expires. If the Put Option Condition is met during any of the Option Periods, yet the shares are not exercised prior to the end of the 12-month Option Period, the put option will expire.
Put option exercisable period	12 months
Put option additional exercisable period upon not meeting of conditions	12 months
FlyOver Iceland
Redeemable Noncontrolling Interest [Line Items]
Put option expiration period	72 months
FlyOver Iceland \| Minimum
Redeemable Noncontrolling Interest [Line Items]
Unadjusted EBITDA	€ 3,250,000

Redeemable Noncontrolling Interest - Summary of Changes in Redeemable Noncontrolling Interest (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2018
Noncontrolling Interest [Abstract]
Balance at December 31, 2017		$ 6,648
Net loss attributable to redeemable noncontrolling interest	$ (77)	(161)
Adjustment to the redemption value		90
Foreign currency translation adjustment		(64)
Balance at June 30, 2018	$ 6,513	$ 6,513

Segment Information - Reconciliation of Income Statement Items from Reportable Segments (Details) - USD ($)
$ in Thousands

3 Months Ended

6 Months Ended

Jun. 30, 2018

Jun. 30, 2017

Jun. 30, 2018

Jun. 30, 2017

$ 363,677

$ 364,774

$ 641,105

$ 690,581

36,244

37,703

23,228

48,282

Interest income

53

42

137

100

Interest expense

(2,354)

(2,059)

(4,423)

(4,164)

^[1]

(543)

(222)

(781)

(674)

Income from continuing operations before income taxes

(662)

(168)

(824)

(562)

Impairment recoveries

35

4,631

32,773

37,543

17,372

47,613

GES

315,322

583,028

Pursuit

48,355

58,077

Operating Segments

38,762

40,607

27,947

53,711

Operating Segments | GES

315,322

320,109

583,028

637,980

Operating Segments | Pursuit

29,005

30,669

29,585

54,048

48,355

44,665

58,077

52,601

9,757

9,938

(1,638)

(337)

Intersegment Eliminations | GES

(140)

Impairment recoveries

35

2,247

35

4,631

Intersegment Eliminations | Pursuit

(6,346)

(7,205)

(9,694)

(10,444)

(500)

(706)

Corporate Eliminations

^[2]

17

16

33

32

Corporate

(2,535)

(2,920)

(4,752)

(5,461)

Domestic Plans | Operating Segments | GES

10

(137)

241,239

242,031

445,107

499,242

20,838

21,320

19,282

42,666

International | Operating Segments | GES

(240)

(47)

(240)

(71)

80,429

85,283

147,615

149,182

8,167

9,349

10,303

11,382

Segment Reporting Information [Line Items]

$ (422)

$ (121)

$ (454)

$ (354)

[1]

We adopted ASU 2017-07 on January 1, 2018, which requires retrospective adoption. As a result, we recorded the nonservice cost component of net periodic benefit cost within other expense for the three and six months ended June 30, 2018, and we reclassified $0.2 million from operating expenses to other expense for the three months ended June 30, 2017 and $0.7 million for the six months ended June 30, 2017 to conform with current period presentation. Refer to Note 1 – Overview and Basis of Presentation for additional details on the impact of this adoption on our Condensed Consolidated Statements of Operations.

[2]

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.

Segment Information - Reconciliation of Income Statement Items from Reportable Segments (Parenthetical) (Details) - USD ($)
$ in Thousands

3 Months Ended

6 Months Ended

Jun. 30, 2018

Jun. 30, 2017

Jun. 30, 2018

Jun. 30, 2017

^[1]

$ 543

$ 222

$ 781

$ 674

Segment Reporting Information [Line Items]