XML 77 R19.htm IDEA: XBRL DOCUMENT v2.4.0.8
Stockholders' Equity
 9 Months Ended
Sep. 30, 2014
Equity [Abstract]  
Stockholders' Equity
Stockholders' Equity

The following represents a reconciliation of the carrying amounts of stockholders’ equity attributable to Viad and the noncontrolling interest for the nine months ended September 30, 2014 and 2013:
(in thousands)
 
Total Viad Stockholders’ Equity
 
Noncontrolling Interest
 
Total Stockholders’ Equity
Balance at December 31, 2013
 
$
347,441

 
$
9,102

 
$
356,543

Net income
 
58,244

 
3,355

 
61,599

Dividends on common stock
 
(36,374
)
 
—

 
(36,374
)
Common stock purchased for treasury
 
(11,631
)
 
—

 
(11,631
)
Employee benefit plans
 
5,519

 
—

 
5,519

Unrealized foreign currency translation adjustment
 
(9,950
)
 
—

 
(9,950
)
Unrealized gain on investments
 
(17
)
 
—

 
(17
)
ESOP allocation adjustment
 
44

 
—

 
44

Other
 
(32
)
 
—

 
(32
)
Balance at September 30, 2014
 
$
353,244

 
$
12,457

 
$
365,701

(in thousands)
 
Total Viad Stockholders’ Equity
 
Noncontrolling Interest
 
Total Stockholders’ Equity
Balance at December 31, 2012
 
$
388,061

 
$
8,971

 
$
397,032

Net income (loss)
 
26,173

 
425

 
$
26,598

Dividends on common stock
 
(6,095
)
 
—

 
$
(6,095
)
Common stock purchased for treasury
 
(1,294
)
 
—

 
$
(1,294
)
Employee benefit plans
 
3,485

 
—

 
$
3,485

Unrealized foreign currency translation adjustment
 
(6,092
)
 
—

 
$
(6,092
)
Unrealized gain on investments
 
117

 
—

 
$
117

Prior service credit and net actuarial loss
 
91

 
—

 
$
91

ESOP allocation adjustment
 
850

 
—

 
$
850

Balance at September 30, 2013
 
$
405,296

 
$
9,396

 
$
414,692


Changes in accumulated other comprehensive income (“AOCI”) by component were as follows:
(in thousands)
 
Unrealized Gains on Investments
 
Cumulative Foreign Currency Translation Adjustments
 
Unrecognized Net Actuarial Loss and Service Credit
 
Accumulated Other Comprehensive Income
Balance at December 31, 2013
 
$
429

 
$
30,847

 
$
(11,259
)
 
$
20,017

Other comprehensive income before reclassifications
 
15

 
(9,950
)
 
—

 
(9,935
)
Amounts reclassified from AOCI, net of tax
 
(32
)
 
—

 
(32
)
 
(64
)
Net other comprehensive income (loss)
 
(17
)
 
(9,950
)
 
(32
)
 
(9,999
)
Balance at September 30, 2014
 
$
412

 
$
20,897

 
$
(11,291
)
 
$
10,018


The following table presents information about reclassification adjustments out of AOCI for the nine months ended September 30:
 
 
 
 
Affected Line Item in the Statement Where Net Income is Presented
(in thousands)
 
2014
 
2013
 
Unrealized gains on investments
 
$
52

 
$
72

 
Interest income
Tax effect
 
(20
)
 
(27
)
 
Income taxes
 
 
$
32

 
$
45

 
 
 
 
 
 
 
 
 
Recognized net actuarial loss(1)
 
$
(705
)
 
$
(827
)
 
 
Amortization of prior service credit(1)
 
757

 
680

 
 
Tax effect
 
(20
)
 
56

 
Income taxes
 
 
$
32

 
$
(91
)
 
 
(1) Amount included in pension expense. Refer to Note 16, Pension and Postretirement Benefits.