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Goodwill and Other Intangible Assets | 12 Months Ended
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Dec. 31, 2012
Goodwill and Other Intangible Assets [Abstract] |
Goodwill and Other Intangible Assets | Note 7. Goodwill and Other Intangible Assets The changes in the carrying amount of goodwill were as follows:
|  |  |  |  | Marketing & |  |  | Travel & |  |  |  |
|  | Marketing & |  |  | Events |  |  | Recreation |  |  |  |
|  | Events U.S. |  |  | International |  |  | Group |  |  | Total |
|  | (in thousands) |
Balance at January 1, 2011 |  | $ | 62,686 |  |  | $ | 22,455 |  |  | $ | 42,300 |  |  | $ | 127,441 |
Business acquisitions |  |  | — |  |  |  | — |  |  |  | 7,645 |  |  |  | 7,645 |
Foreign currency translation adjustments |  |  | — |  |  |  | (257 | ) |  |  | (1,135 | ) |  |  | (1,392 | )
Balance at December 31, 2011 |  |  | 62,686 |  |  |  | 22,198 |  |  |  | 48,810 |  |  |  | 133,694 |
Business acquisition |  |  | — |  |  |  | — |  |  |  | 1,890 |  |  |  | 1,890 |
Foreign currency translation adjustments |  |  | — |  |  |  | 856 |  |  |  | 1,380 |  |  |  | 2,236 |
Balance at December 31, 2012 |  | $ | 62,686 |  |  | $ | 23,054 |  |  | $ | 52,080 |  |  | $ | 137,820 |
The following table summarizes goodwill by reporting unit and segment as of December 31:
|  | 2012 |  |  | 2011 |
|  | (in thousands) |
Marketing & Events Group: |  |  |  |  |  |  |  |
Marketing & Events U.S. |  | $ | 62,686 |  |  | $ | 62,686 |
Marketing & Events International: |  |  |  |  |  |  |  |
United Kingdom (Melville GES) |  |  | 13,894 |  |  |  | 13,291 |
GES Canada |  |  | 9,160 |  |  |  | 8,907 |
Total Marketing & Events Group |  |  | 85,740 |  |  |  | 84,884 |
Travel & Recreation Group: |  |  |  |  |  |  |  |
Brewster |  |  | 44,435 |  |  |  | 41,165 |
Glacier Park |  |  | 4,461 |  |  |  | 4,461 |
Alaska Denali Travel |  |  | 3,184 |  |  |  | 3,184 |
Total Travel & Recreation Group |  |  | 52,080 |  |  |  | 48,810 |
Total Goodwill |  | $ | 137,820 |  |  | $ | 133,694 |
For impairment testing purposes, the goodwill related to the Marketing & Events U.S. segment is assigned to and tested at the operating segment level. Furthermore, the goodwill related to the Marketing & Events International segment is assigned to and tested based on the segment’s geographical operations. For the Marketing & Events International segment the reporting units are United Kingdom (Melville GES) and Canada. Brewster, Glacier Park and Alaska Denali Travel are considered reporting units for goodwill impairment testing purposes within the Travel & Recreation Group. As a result of the Company’s most recent analysis performed in October 2012, the excess of the estimated fair values over the carrying values (expressed as a percentage of the carrying amounts) under step one of the impairment test was 126 percent, 67 percent and 34 percent for each of the Marketing & Events Group reporting units in the United States, the United Kingdom (Melville GES) and Canada, respectively. For the Brewster, Glacier Park and Alaska Denali Travel reporting units, the excess of the estimated fair value over the carrying value was 58 percent, 37 percent and 14 percent, respectively, as of the most recent impairment test. Significant reductions in the Company’s expected future revenues, operating income or cash flow forecasts and projections, or an increase in reporting unit cost of capital, could trigger additional impairment testing, which may result in impairment losses. During 2010, Viad recorded impairment losses of $185,000 related to other intangible assets at the Travel & Recreation Group. As of December 31, 2012, Viad had cumulative goodwill impairment losses of $225.2 million since the adoption of the goodwill impairment testing provisions of ASC Topic 350. A summary of other intangible assets as of December 31, 2012 is presented below:
|  | Gross Carrying |  |  | Accumulated |  |  | Net Carrying |
|  | Value |  |  | Amortization |  |  | Value |
|  | (in thousands) |
Amortized intangible assets: |  |  |  |  |  |  |  |  |  |  |  |
Customer contracts and relationships |  | $ | 3,594 |  |  | $ | (2,384 | ) |  | $ | 1,210 |
Other |  |  | 959 |  |  |  | (108 | ) |  |  | 851 |
|  |  | 4,553 |  |  |  | (2,492 | ) |  |  | 2,061 |
Unamortized intangible assets: |  |  |  |  |  |  |  |  |  |  |  |
Business licenses |  |  | 460 |  |  |  | — |  |  |  | 460 |
Total |  | $ | 5,013 |  |  | $ | (2,492 | ) |  | $ | 2,521 |
A summary of other intangible assets as of December 31, 2011 is presented below:
|  | Gross Carrying |  |  | Accumulated |  |  | Net Carrying |
|  | Value |  |  | Amortization |  |  | Value |
|  | (in thousands) |
Amortized intangible assets: |  |  |  |  |  |  |  |  |  |  |  |
Customer contracts and relationships |  | $ | 3,122 |  |  | $ | (1,736 | ) |  | $ | 1,386 |
Other |  |  | 68 |  |  |  | (30 | ) |  |  | 38 |
|  |  | 3,190 |  |  |  | (1,766 | ) |  |  | 1,424 |
Unamortized intangible assets: |  |  |  |  |  |  |  |  |  |  |  |
Business licenses |  |  | 460 |  |  |  | — |  |  |  | 460 |
Total |  | $ | 3,650 |  |  | $ | (1,766 | ) |  | $ | 1,884 |
Intangible asset amortization expense for 2012, 2011 and 2010 was $693,000, $772,000 and $954,000, respectively. The weighted-average amortization period of customer contracts and relationships and other amortizable intangible assets is approximately 3.7 years and 4.8 years, respectively. Estimated amortization expense related to amortized intangible assets for future years is expected to be as follows:
|  | (in thousands) |
2013 |  | $ | 712 |
2014 |  | $ | 426 |
2015 |  | $ | 255 |
2016 |  | $ | 199 |
2017 |  | $ | 445 |
Thereafter |  | $ | 24 |

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- Definition The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=7658586&loc=d3e16373-109275 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=7658586&loc=d3e16265-109275 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=7658586&loc=d3e16323-109275 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 142 -Paragraph 42, 43, 44, 45, 46, 47 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=14024403&loc=d3e13854-109267 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=14024403&loc=d3e13816-109267 + Details
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