Stockholders' Equity (Tables)

6 Months Ended

Jun. 30, 2013

Reconciliation of the Carrying Amounts of Stockholders' Equity Attributable to Viad and the Noncontrolling Interest

The following represents a reconciliation of the carrying amounts of stockholders’ equity attributable to Viad and the noncontrolling interest for the six months ended June 30, 2013:


	Total Viad						Total
	Stockholders’			Noncontrolling			Stockholders’
	Equity			Interest			Equity
	(in thousands)
Balance at January 1, 2013	$	388,061		$	8,971		$	397,032
Net income (loss)		14,318			(468	)		13,850
Dividends on common stock		(4,066	)		—			(4,066	)
Common stock purchased for treasury		(1,252	)		—			(1,252	)
Employee benefit plans		2,717			—			2,717
Unrealized foreign currency translation adjustment		(11,423	)		—			(11,423	)
Unrealized gain on investments		55			—			55
Prior service credit and net actuarial loss		81			—			81
ESOP allocation adjustment		500			—			500
Other		(1	)		—			(1	)

Balance at June 30, 2013	$	388,990		$	8,503		$	397,493

The following represents a reconciliation of the carrying amounts of stockholders’ equity attributable to Viad and the noncontrolling interest for the six months ended June 30, 2012:


	Total Viad						Total
	Stockholders’			Noncontrolling			Stockholders’
	Equity			Interest			Equity
Balance at January 1, 2012	$	377,894		$	8,285		$	386,179
Net income (loss)		7,117			(462	)		6,655
Dividends on common stock		(1,623	)		—			(1,623	)
Common stock purchased for treasury		(1,000	)		—			(1,000	)
Employee benefit plans		2,279			—			2,279
Unrealized foreign currency translation adjustment		996			—			996
Unrealized gain on investments		51			—			51
Prior service credit and net actuarial loss		5			—			5
ESOP allocation adjustment		650			—			650
Other		(2	)		(1	)		(3	)

Balance at June 30, 2012	$	386,367		$	7,822		$	394,189

Changes in Accumulated Other Comprehensive Income

Changes in accumulated other comprehensive income (“AOCI”) by component were as follows:


	Unrealized Gains on Investments			Cumulative Foreign Currency Translation Adjustments			Unrecognized Net Actuarial Loss and Prior Service Credit			Accumulated Other Comprehensive Income
	(in thousands)
Balance at January 1, 2013	$	275		$	42,158		$	(14,968	)	$	27,465
Other comprehensive income before reclassifications		91			(11,423	)		—			(11,332	)
Amounts reclassified from AOCI, net of tax		(36	)		—			81			45

Net other comprehensive income (loss)		55			(11,423	)		81			(11,287	)

Balance at June 30, 2013	$	330		$	30,735		$	(14,887	)	$	16,178

Schedule of Reclassification Adjustments

The following table presents information about reclassification adjustments out of AOCI for the six months ended June 30:


	2013			2012			Affected Line Item in the Statement Where Net Income is Presented
	(in thousands)
Unrealized gain on investments	$	(57	)	$	(12	)	Interest income
		21			4		Income tax expense

	$	(36	)	$	(8	)	Net of tax

Recognized net actuarial loss	$	584		$	565		See (1) below
Amortization of prior service credit		(453	)		(557	)	See (1) below
		(50	)		(4	)	Income tax benefit

	$	81		$	4		Net of tax

(1)	Amount is included in pension expense. See Note 14 for additional information.