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Restructuring Charges

3 Months Ended

Mar. 31, 2013

Note 15. Restructuring Charges

During the three months ended March 31, 2013, Viad recorded net restructuring charges of $720,000 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 March 31, 2013 related to future lease obligations which will be paid over the remaining lease terms, and severance and employee benefits that are expected to be paid by the end of 2013. 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, 2013	$	720		$	5,571		$	—		$	933		$	7,224
Restructuring charges		1,049			350			13			(692	)		720
Cash payments		(446	)		(743	)		(13	)		(241	)		(1,443	)

Balance at March 31, 2013	$	1,323		$	5,178		$	—		$	—		$	6,501

- 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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