XML 65 R30.htm IDEA: XBRL DOCUMENT
v2.4.1.9

Segment Information | 12 Months Ended
--- | ---
Dec. 31, 2014
Segment Reporting [Abstract] |
Segment Information | 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. 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. No reportable segment has a single client comprising more than 6.3 percent of that segment’s revenues, and no single client comprises more than 4.2 percent of Viad’s revenues. Disclosures regarding Viad’s reportable segments with reconciliations to consolidated totals are as follows:
(in thousands) | 2014 |  | 2013 |  | 2012
Revenues: |  |  |  |  |
Marketing & Events Group: |  |  |  |  |
U.S. | $ | 710,835 |  |  | $ | 628,856 |  |  | $ | 676,772 |
International | 249,649 |  |  | 229,312 |  |  | 240,137 |
Intersegment eliminations | (16,016 | ) |  | (13,264 | ) |  | (14,869 | )
Total Marketing & Events Group | 944,468 |  |  | 844,904 |  |  | 902,040 |
Travel & Recreation Group | 120,519 |  |  | 108,443 |  |  | 104,604 |
Total revenue | $ | 1,064,987 |  |  | $ | 953,347 |  |  | $ | 1,006,644 |
Segment operating income: |  |  |  |  |
Marketing & Events Group: |  |  |  |  |
U.S. | $ | 21,400 |  |  | $ | 11,024 |  |  | $ | 5,579 |
International | 10,339 |  |  | 9,068 |  |  | 12,321 |
Total Marketing & Events Group | 31,739 |  |  | 20,092 |  |  | 17,900 |
Travel & Recreation Group | 28,127 |  |  | 21,819 |  |  | 20,291 |
Segment operating income | 59,866 |  |  | 41,911 |  |  | 38,191 |
Corporate activities | (14,348 | ) |  | (6,755 | ) |  | (9,408 | )
Operating income | 45,518 |  |  | 35,156 |  |  | 28,783 |
Interest income | 305 |  |  | 550 |  |  | 593 |
Interest expense | (2,015 | ) |  | (1,234 | ) |  | (1,303 | )
Restructuring recoveries (charges): |  |  |  |  |
Marketing & Events U.S. | 278 |  |  | 409 |  |  | (3,479 | )
Marketing & Events International | (1,808 | ) |  | (2,362 | ) |  | (1,373 | )
Travel & Recreation Group | 41 |  |  | (809 | ) |  | (79 | )
Corporate | (148 | ) |  | (1,031 | ) |  | (11 | )
Impairment charges: |  |  |  |  |
Marketing & Events U.S. | — |  |  | (658 | ) |  | — |
Marketing & Events International | (884 | ) |  | (294 | ) |  | — |
Travel & Recreation Group | — |  |  | (2,097 | ) |  | — |
Income from continuing operations before income taxes | $ | 41,287 |  |  | $ | 27,630 |  |  | $ | 23,131 |
(in thousands) | 2014 |  | 2013 |  | 2012
Assets: |  |  |  |  |
Marketing & Events Group: |  |  |  |  |
U.S. | $ | 304,727 |  |  | $ | 194,422 |  |  | $ | 203,145 |
International | 116,842 |  |  | 81,058 |  |  | 100,387 |
Travel & Recreation Group | 199,986 |  |  | 209,611 |  |  | 223,199 |
Corporate and other | 93,388 |  |  | 76,841 |  |  | 123,846 |
| $ | 714,943 |  |  | $ | 561,932 |  |  | $ | 650,577 |
Depreciation and amortization: |  |  |  |  |
Marketing & Events Group: |  |  |  |  |
U.S. | $ | 16,066 |  |  | $ | 14,906 |  |  | $ | 17,643 |
International | 6,311 |  |  | 5,566 |  |  | 5,162 |
Travel & Recreation Group | 8,232 |  |  | 7,319 |  |  | 7,183 |
Corporate and other | 183 |  |  | 176 |  |  | 145 |
| $ | 30,792 |  |  | $ | 27,967 |  |  | $ | 30,133 |
Capital expenditures: |  |  |  |  |
Marketing & Events Group: |  |  |  |  |
U.S. | $ | 14,515 |  |  | $ | 8,278 |  |  | $ | 7,525 |
International | 4,134 |  |  | 4,332 |  |  | 4,913 |
Travel & Recreation Group | 10,740 |  |  | 23,108 |  |  | 15,201 |
Corporate and other | — |  |  | 401 |  |  | 36 |
| $ | 29,389 |  |  | $ | 36,119 |  |  | $ | 27,675 |
Geographic Areas. Viad’s foreign operations are located principally in Canada, the United Kingdom, Germany, the United Arab Emirates and the Netherlands. Marketing & Events Group revenues are designated as domestic or foreign based on the originating location of the product or service. Long-lived assets are attributed to domestic or foreign based principally on the physical location of the assets. Long-lived assets consist of “Property and equipment, net” and “Other investments and assets.” The table below presents the financial information by major geographic area:
(in thousands) | 2014 |  | 2013 |  | 2012
Revenues: |  |  |  |  |
United States | $ | 718,538 |  |  | $ | 637,482 |  |  | $ | 681,827 |
United Kingdom | 174,127 |  |  | 151,217 |  |  | 153,027 |
Canada | 153,775 |  |  | 148,934 |  |  | 151,070 |
Other international | 18,547 |  |  | 15,714 |  |  | 20,720 |
Total revenues | $ | 1,064,987 |  |  | $ | 953,347 |  |  | $ | 1,006,644 |
Long-lived assets: |  |  |  |  |
United States | $ | 130,401 |  |  | $ | 132,315 |  |  | $ | 141,727 |
Canada | 78,193 |  |  | 82,986 |  |  | 76,067 |
United Kingdom | 13,973 |  |  | 9,631 |  |  | 9,757 |
Other international | 242 |  |  | 424 |  |  | 2,163 |
Total long-lived assets | $ | 222,809 |  |  | $ | 225,356 |  |  | $ | 229,714 |

X
- Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration