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Stockholders' Equity
 3 Months Ended
Mar. 31, 2012
Stockholders' Equity [Abstract]  
Stockholders' Equity

Note 10. Stockholders’ Equity

The following represents a reconciliation of the carrying amounts of stockholders’ equity attributable to Viad and the noncontrolling interest for the three months ended March 31, 2012:

 

                         
    Total Viad           Total  
    Stockholders’     Noncontrolling     Stockholders’  
    Equity     Interest     Equity  
    (in thousands)  

Balance at January 1, 2012

   $ 377,894     $ 8,285     $ 386,179  

Net income (loss)

     1,027       (212 )      815  

Dividends on common stock

     (813 )      —         (813 ) 

Common stock purchased for treasury

     (1,000 )      —         (1,000 ) 

Employee benefit plans

     1,080       —         1,080  

Unrealized foreign currency translation adjustment

     4,386       —         4,386  

Unrealized gain on investments

     93       —         93  

Prior service credit and net actuarial loss

     3       —         3  

ESOP allocation adjustment

     250       —         250  

Other

     (2 )      (1 )      (3 ) 
   

 

 

    

 

 

    

 

 

  

Balance at March 31, 2012

   $ 382,918     $ 8,072     $ 390,990  
   

 

 

    

 

 

    

 

 

  

 

The following represents a reconciliation of the carrying amounts of stockholders’ equity attributable to Viad and the noncontrolling interest for the three months ended March 31, 2011:

 

                         
    Total Viad           Total  
    Stockholders’     Noncontrolling     Stockholders’  
    Equity     Interest     Equity  
    (in thousands)  

Balance at January 1, 2011

   $ 378,959     $ 7,752     $ 386,711  

Net income (loss)

     9,787       (166 )      9,621  

Dividends on common stock

     (815 )      —         (815 ) 

Common stock purchased for treasury

     (668 )      —         (668 ) 

Employee benefit plans

     790       —         790  

Unrealized foreign currency translation adjustment

     3,553       —         3,553  

Unrealized gain on investments

     58       —         58  

Prior service credit and net actuarial loss

     6       —         6  

ESOP allocation adjustment

     250       —         250  

Other

     11       —         11  
   

 

 

    

 

 

    

 

 

  

Balance at March 31, 2011

   $ 391,931     $ 7,586     $ 399,517  
   

 

 

    

 

 

    

 

 

  

Viad has announced its intent to repurchase shares of the Company’s common stock from time to time at prevailing market prices. No shares were repurchased during the three months ended March 31, 2012 or 2011. As of March 31, 2012, 53,621 shares remain available for repurchase under the announced authorization. Additionally, during the three months ended March 31, 2012 and 2011, the Company repurchased 50,894 shares for $1.0 million and 28,152 shares for $668,000, respectively, related to tax withholding requirements on share-based awards.