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Segment Information
 3 Months Ended
Mar. 31, 2013
Segment Information [Abstract]  
Segment Information

Note 17. Segment Information

Viad measures profit and performance of its operations on the basis of segment operating income which excludes restructuring charges and recoveries and impairment charges and recoveries. For the purpose of discussing segment operations, Viad refers to segment operating income as calculated by subtracting segment direct expenses from segment revenues. Overhead and shared expenses, including share-based compensation costs, are not allocated to segment operations; they are reported in the caption “Corporate activities.” Similarly, references to operating margin regarding segment operations mean segment operating income divided by segment revenues. 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.

 

Disclosures regarding Viad’s reportable segments for the three months ended March 31 with reconciliations to consolidated totals are as follows:

 

                 
    2013     2012  
    (in thousands)  

Revenues:

                

Marketing & Events Group:

                

U.S.

   $ 218,341     $ 206,874  

International

     60,048       57,778  

Intersegment eliminations

     (1,628 )      (2,608 ) 
   

 

 

    

 

 

  
      276,761       262,044  

Travel & Recreation Group

     8,402       6,728  
   

 

 

    

 

 

  
    $ 285,163     $ 268,772  
   

 

 

    

 

 

  

Segment operating income (loss):

                

Marketing & Events Group:

                

U.S.

   $ 14,115     $ 7,248  

International

     4,392       3,857  
   

 

 

    

 

 

  
      18,507       11,105  

Travel & Recreation Group

     (5,680 )      (5,572 ) 
   

 

 

    

 

 

  
      12,827       5,533  

Corporate activities

     (806 )      (1,777 ) 
   

 

 

    

 

 

  
      12,021       3,756  

Interest income

     138       169  

Interest expense

     (296 )      (358 ) 

Restructuring charges:

                

Marketing & Events U.S.

     194       (2,003 ) 

Marketing & Events International

     (901 )      (222 ) 

Travel & Recreation Group

     (13 )      —    
   

 

 

    

 

 

  

Income before income taxes

   $ 11,143     $ 1,342  
   

 

 

    

 

 

  
     
    March 31,
2013		     December 31,
2012		  
    (in thousands)  

Assets:

                

Marketing & Events U.S.

   $ 210,242     $ 203,145  

Marketing & Events International

     111,085       100,387  

Travel & Recreation Group

     215,529       223,199  

Corporate and other

     110,772       123,846  
   

 

 

    

 

 

  
    $ 647,628     $ 650,577