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Restructuring Charges

9 Months Ended

Sep. 30, 2012

Note 15. Restructuring Charges

During the nine months ended September 30, 2012, Viad recorded aggregate restructuring charges of $3.5 million primarily related to facility consolidations and the elimination of certain positions in the Marketing & Events Group. The amounts included in the restructuring liability as of September 30, 2012 related to future lease obligations which will be paid over the remaining lease terms, and severance and employee benefits are expected to be paid by the end of 2012. The table below represents a reconciliation of Viad’s restructuring liability by major restructuring activity:


	Marketing & Events Group Consolidation						Other Restructurings
	Severance & Employee Benefits			Facilities			Severance & Employee Benefits			Facilities			Total
	(in thousands)
Balance at January 1, 2012	$	831		$	4,819		$	24		$	1,276		$	6,950
Restructuring charges		1,365			2,133			13			—			3,511
Cash payments, net		(1,475	)		(1,096	)		(37	)		(153	)		(2,761	)
Adjustment to liability		(255	)		—			—			—			(255	)
Foreign currency translation adjustment		—			29			—			—			29

Balance at September 30, 2012	$	466		$	5,885		$	—		$	1,123		$	7,474

- Definition

The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled.

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