<SEC-DOCUMENT>0001144204-15-006480.txt : 20150206
<SEC-HEADER>0001144204-15-006480.hdr.sgml : 20150206
<ACCEPTANCE-DATETIME>20150206070940
ACCESSION NUMBER:		0001144204-15-006480
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20150206
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20150206
DATE AS OF CHANGE:		20150206

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			VIAD CORP
		CENTRAL INDEX KEY:			0000884219
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-BUSINESS SERVICES, NEC [7389]
		IRS NUMBER:				361169950
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-11015
		FILM NUMBER:		15582009

	BUSINESS ADDRESS:	
		STREET 1:		1850 NORTH CENTRAL AVE
		STREET 2:		SUITE 1900
		CITY:			PHOENIX
		STATE:			AZ
		ZIP:			85004-4565
		BUSINESS PHONE:		(602) 207-1000

	MAIL ADDRESS:	
		STREET 1:		1850 NORTH CENTRAL AVE
		STREET 2:		SUITE 1900
		CITY:			PHOENIX
		STATE:			AZ
		ZIP:			85004-4565

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	DIAL CORP /DE/
		DATE OF NAME CHANGE:	19930823

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	NEW DIAL CORP
		DATE OF NAME CHANGE:	19921106
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>v400652_8k.htm
<DESCRIPTION>FORM 8-K
<TEXT>
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<P STYLE="margin: 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Washington, D.C. 20549</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORM 8-K</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>CURRENT REPORT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Pursuant to Section 13 OR 15(d) of the
Securities Exchange Act of 1934</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>February 6, 2015</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Date of Report (Date of earliest event reported)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><IMG SRC="image_001.jpg" ALT="" STYLE="height: 69px; width: 133px"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Viad Corp</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Exact name of registrant as specified in
its charter)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: bottom">
    <td style="width: 34%; padding-right: 3pt; padding-left: 3pt; text-align: center"><font style="font-size: 10pt"><b>Delaware</b></font></td>
    <td style="width: 33%; padding-right: 3pt; padding-left: 3pt; text-align: center"><font style="font-size: 10pt"><b>001-11015</b></font></td>
    <td style="width: 33%; padding-right: 3pt; padding-left: 3pt; text-align: center"><font style="font-size: 10pt"><b>36-1169950</b></font></td></tr>
<tr style="vertical-align: bottom">
    <td style="padding-right: 3pt; padding-bottom: 2pt; padding-left: 3pt; text-align: center"><font style="font-size: 10pt">(State or other jurisdiction</font></td>
    <td style="padding-right: 3pt; padding-bottom: 2pt; padding-left: 3pt; text-align: center"><font style="font-size: 10pt">(Commission</font></td>
    <td style="padding-right: 3pt; padding-bottom: 2pt; padding-left: 3pt; text-align: center"><font style="font-size: 10pt">(IRS Employer</font></td></tr>
<tr style="vertical-align: bottom">
    <td style="padding-right: 3pt; padding-bottom: 2pt; padding-left: 3pt; text-align: center"><font style="font-size: 10pt">of incorporation)</font></td>
    <td style="padding-right: 3pt; padding-bottom: 2pt; padding-left: 3pt; text-align: center"><font style="font-size: 10pt">File Number)</font></td>
    <td style="padding-right: 3pt; padding-bottom: 2pt; padding-left: 3pt; text-align: center"><font style="font-size: 10pt">Identification No.)</font></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: bottom">
    <td style="width: 67%; padding-right: 3pt; padding-left: 3pt; text-align: center"><font style="font-size: 10pt"><b>1850 North Central Avenue, Suite 1900, Phoenix, Arizona</b></font></td>
    <td style="width: 33%; padding-right: 3pt; padding-left: 3pt; text-align: center"><font style="font-size: 10pt"><b>85004-4565</b></font></td></tr>
<tr style="vertical-align: bottom">
    <td style="padding-right: 3pt; padding-bottom: 2pt; padding-left: 3pt; text-align: center"><font style="font-size: 10pt">(Address of principal executive offices)</font></td>
    <td style="padding-right: 3pt; padding-bottom: 2pt; padding-left: 3pt; text-align: center"><font style="font-size: 10pt">(Zip Code)</font></td></tr>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Registrant&rsquo;s telephone number, including
area code: (602) 207-1000</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Check the appropriate box below if the
Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions
(see General Instruction A.2. below):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: bottom">
    <td style="width: 4%; padding-right: 3pt; padding-bottom: 2pt; padding-left: 3pt"><font style="font-family: Wingdings">&uml;</font></td>
    <td style="width: 96%; padding-right: 3pt; padding-bottom: 2pt; padding-left: 3pt">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</td></tr>
<tr style="vertical-align: bottom">
    <td style="padding-right: 3pt; padding-left: 3pt">&nbsp;</td>
    <td style="padding-right: 3pt; padding-left: 3pt">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td style="padding-right: 3pt; padding-bottom: 2pt; padding-left: 3pt"><font style="font-family: Wingdings">&uml;</font></td>
    <td style="padding-right: 3pt; padding-bottom: 2pt; padding-left: 3pt">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</td></tr>
<tr style="vertical-align: bottom">
    <td style="padding-right: 3pt; padding-left: 3pt">&nbsp;</td>
    <td style="padding-right: 3pt; padding-left: 3pt">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td style="padding-right: 3pt; padding-bottom: 2pt; padding-left: 3pt"><font style="font-family: Wingdings">&uml;</font></td>
    <td style="padding-right: 3pt; padding-bottom: 2pt; padding-left: 3pt">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</td></tr>
<tr style="vertical-align: bottom">
    <td style="padding-right: 3pt; padding-left: 3pt">&nbsp;</td>
    <td style="padding-right: 3pt; padding-left: 3pt">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td style="padding-right: 3pt; padding-bottom: 2pt; padding-left: 3pt"><font style="font-family: Wingdings">&uml;</font></td>
    <td style="padding-right: 3pt; padding-bottom: 2pt; padding-left: 3pt">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 2.02 RESULTS OF OPERATIONS AND FINANCIAL CONDITION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">On February 6, 2015, Viad Corp (the &ldquo;Company&rdquo;) issued
a press release announcing its unaudited financial results for the fourth quarter and full year ended December 31, 2014. A copy
of the Company&rsquo;s press release is furnished herewith as Exhibit 99 and is incorporated by reference herein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The information in Item 2.02 of this current report on Form
8-K (this &ldquo;Report&rdquo;) is being furnished and shall not be deemed &ldquo;filed&rdquo; for the purposes of Section 18 of
the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section. The information in Item
2.02 of this Report shall not be incorporated by reference into any registration statement or other document pursuant to the Securities
Act of 1933, as amended.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 9.01 FINANCIAL STATEMENTS AND EXHIBITS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: bottom">
    <td style="width: 12%; padding-right: 3pt; padding-left: 3pt">&nbsp;</td>
    <td style="width: 7%; padding-right: 3pt; padding-left: 3pt">&nbsp;</td>
    <td style="width: 32%; padding-right: 3pt; padding-left: 3pt">&nbsp;</td>
    <td style="width: 25%; padding-right: 3pt; padding-left: 3pt">&nbsp;</td>
    <td style="width: 24%; padding-right: 3pt; padding-left: 3pt">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td style="padding-right: 3pt; padding-bottom: 2pt; padding-left: 3pt">(d) Exhibits</td>
    <td style="padding-right: 3pt; padding-left: 3pt">&nbsp;</td>
    <td style="padding-right: 3pt; padding-left: 3pt">&nbsp;</td>
    <td style="padding-right: 3pt; padding-left: 3pt">&nbsp;</td>
    <td style="padding-right: 3pt; padding-left: 3pt">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td style="padding-right: 3pt; padding-left: 3pt">&nbsp;</td>
    <td style="padding-right: 3pt; padding-left: 3pt">&nbsp;</td>
    <td style="padding-right: 3pt; padding-left: 3pt">&nbsp;</td>
    <td style="padding-right: 3pt; padding-left: 3pt">&nbsp;</td>
    <td style="padding-right: 3pt; padding-left: 3pt">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td style="padding-right: 3pt; padding-left: 3pt">&nbsp;</td>
    <td colspan="2" style="padding-right: 3pt; padding-bottom: 2pt; padding-left: 3pt">99 - Press Release dated February 6, 2015.</td>
    <td style="padding-right: 3pt; padding-left: 3pt">&nbsp;</td>
    <td style="padding-right: 3pt; padding-left: 3pt">&nbsp;</td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B></B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SIGNATURES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: bottom">
    <td style="width: 52%; padding-right: 3pt; padding-left: 3pt">&nbsp;</td>
    <td style="width: 5%; padding-right: 3pt; padding-left: 3pt">&nbsp;</td>
    <td style="width: 42%; padding-right: 3pt; padding-bottom: 2pt; padding-left: 3pt"><b>Viad Corp</b></td>
    <td style="width: 1%; padding-right: 3pt; padding-left: 3pt">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td style="padding-right: 3pt; padding-left: 3pt">&nbsp;</td>
    <td style="padding-right: 3pt; padding-left: 3pt">&nbsp;</td>
    <td style="padding-right: 3pt; padding-bottom: 2pt; padding-left: 3pt">(Registrant)</td>
    <td style="padding-right: 3pt; padding-left: 3pt">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td style="padding-right: 3pt; padding-left: 3pt">&nbsp;</td>
    <td style="padding-right: 3pt; padding-left: 3pt">&nbsp;</td>
    <td style="padding-right: 3pt; padding-left: 3pt">&nbsp;</td>
    <td style="padding-right: 3pt; padding-left: 3pt">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td style="padding-right: 3pt; padding-left: 3pt">&nbsp;</td>
    <td style="padding-right: 3pt; padding-left: 3pt">&nbsp;</td>
    <td style="padding-right: 3pt; padding-left: 3pt">&nbsp;</td>
    <td style="padding-right: 3pt; padding-left: 3pt">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td style="padding-right: 3pt; padding-bottom: 2pt; padding-left: 3pt">February 6, 2015</td>
    <td style="padding-right: 3pt; padding-bottom: 2pt; padding-left: 3pt; text-align: right">By:</td>
    <td style="border-bottom: Black 1pt solid; padding-right: 3pt; padding-bottom: 2pt; padding-left: 3pt">/s/ Leslie S. Striedel</td>
    <td style="padding-right: 3pt; padding-left: 3pt">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td style="padding-right: 3pt; padding-left: 3pt">&nbsp;</td>
    <td style="padding-right: 3pt; padding-left: 3pt">&nbsp;</td>
    <td style="padding-right: 3pt; padding-bottom: 2pt; padding-left: 3pt">Leslie S. Striedel</td>
    <td style="padding-right: 3pt; padding-left: 3pt">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td style="padding-right: 3pt; padding-left: 3pt">&nbsp;</td>
    <td style="padding-right: 3pt; padding-left: 3pt">&nbsp;</td>
    <td style="padding-right: 3pt; padding-bottom: 2pt; padding-left: 3pt">Chief Accounting Officer</td>
    <td style="padding-right: 3pt; padding-left: 3pt">&nbsp;</td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>v400652_ex99.htm
<DESCRIPTION>EXHIBIT 99
<TEXT>
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<P STYLE="margin: 0"></P>

<P STYLE="margin-left: 10pt; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<P STYLE="margin-left: 10pt; margin-top: 0pt; margin-bottom: 0pt; text-align: right"><B>Exhibit 99</B></P>

<P STYLE="margin-left: 10pt; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Viad
Corp Announces 2014 Financial Results </B></FONT></P>

<P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Full Year Income from Continuing
Operations Per Share of $2.02 versus $0.96</FONT></P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><I>Full Year Income Before
Other Items Per Share of $1.59 versus $1.15</I></FONT></P>

<P STYLE="margin-left: 10pt; margin-top: 0pt; margin-bottom: 0pt"></P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">PHOENIX, Feb. 6, 2015 /PRNewswire/
-- Viad Corp (NYSE:VVI) today announced full year 2014 income from continuing operations of $40.8 million, or $2.02 per diluted
share, compared to $19.4 million, or $0.96 per share, in 2013. Viad's 2014 income before other items was $32.1 million, or $1.59
per diluted share, which excludes favorable tax matters of $0.59 per share, CEO transition costs of $0.08 per share, restructuring
charges of $0.05 per share and non-cash impairment losses of $0.03 per share. This compares to full year 2013 income before other
items of $23.3 million, or $1.15 per share. Viad's 2014 income before other items included acquisition transaction-related costs
and integration costs of approximately $4.2 million (pre-tax) and $0.8 million (pre-tax), respectively, or collectively $0.16
per share.</FONT></P>

<UL STYLE="list-style-type: disc">

<LI STYLE="margin-top: 0pt; font: 10pt Times New Roman, Times, Serif; margin-bottom: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Revenue
of $1.06 billion</B> was up $111.6 million, or 11.7 percent, from 2013.</FONT></LI>

<LI STYLE="margin-top: 0pt; font: 10pt Times New Roman, Times, Serif; margin-bottom: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Segment
operating income of $59.9 million</B> was up $18.0 million, or 42.8 percent, from 2013.</FONT></LI>

<LI STYLE="margin-top: 0pt; font: 10pt Times New Roman, Times, Serif; margin-bottom: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Free
cash inflow was $25.7 million</B> versus an outflow of $30.1 million in 2013.</FONT></LI>

<LI STYLE="margin-top: 0pt; font: 10pt Times New Roman, Times, Serif; margin-bottom: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Cash
and cash equivalents were $57.0 million </B>at December 31, 2014.</FONT></LI>

<LI STYLE="margin-top: 0pt; font: 10pt Times New Roman, Times, Serif; margin-bottom: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Debt
was $141.0 million</B>, with a <B>debt-to-capital ratio of 28.9%</B> at December 31, 2014.</FONT></LI>

</UL>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Steve Moster, president
and chief executive officer, said, "We delivered significant growth this year and made great progress against our strategic growth
plans. Both business units finished the year in line with our prior guidance, with strong results driven by a combination of organic
growth, acquisitions and continued focus on driving increased efficiencies."</FONT></P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Viad's seasonal fourth
quarter loss from continuing operations was $7.4 million, or $0.37 per share. Viad's fourth quarter loss before other items was
$5.0 million, or $0.25 per share, which excludes CEO transition costs of $0.09 per share and unfavorable tax matters of $0.03
per share. This compares to the company's prior guidance of a loss before other items of $0.30 per share to $0.20 per share and
to the 2013 fourth quarter loss before other items of $0.18 per share. Viad's 2014 fourth quarter loss before other items included
acquisition transaction-related costs and integration costs of approximately $1.6 million (pre-tax) and $0.7 million (pre-tax),
respectively, or collectively $0.08 per share.</FONT></P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="border-width: 1pt; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="14" STYLE="border-width: 1pt; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>Business
    Group Highlights</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="14" STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="6" STYLE="border-bottom: black 1pt solid; text-align: center; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.5em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>Fourth
    Quarter</B></FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="6" STYLE="border-bottom: black 1pt solid; text-align: center; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.5em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>Full
    Year</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; vertical-align: bottom"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><I>($
    in millions)</I></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; vertical-align: bottom; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>2014</B></FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; vertical-align: bottom; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>2013</B></FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: black 1pt solid; text-align: center; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.5em; vertical-align: bottom; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>Change</B></FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; vertical-align: bottom; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>2014</B></FONT></TD>
    <TD STYLE="border-bottom-width: 1pt; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; vertical-align: bottom; border-top: black 1pt solid; border-right-width: 1pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>2013</B></FONT></TD>
    <TD STYLE="border-bottom-width: 1pt; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; vertical-align: bottom; border-top: black 1pt solid; border-right-width: 1pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>Change</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom-width: 1pt; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top: black 1pt solid; border-right-width: 1pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom-width: 1pt; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top: black 1pt solid; border-right-width: 1pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-width: 1pt; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>Revenue:</B></FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-width: 1pt; padding-left: 0.83em; padding-right: 0.5em"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Marketing
    &amp; Events Group:</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-width: 1pt; padding-left: 1.67em; padding-right: 0.5em"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">U.S.</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">$152.4</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">$134.5</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">$17.9</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.5em"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">13.3%</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">$710.8</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">$
    628.9</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">$82.0</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.5em"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">13.0%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-width: 1pt; padding-left: 1.67em; padding-right: 0.5em"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">International</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">63.5</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">60.3</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">3.2</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.5em"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">5.3%</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">249.6</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">229.3</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">20.3</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.5em"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">8.9%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-width: 1pt; padding-left: 1.67em; padding-right: 0.5em"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Intersegment
    eliminations</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(2.5)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(3.0)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">0.5</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.5em"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">-16.6%</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(16.0)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(13.3)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(2.8)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.5em"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">-20.7%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-width: 1pt; padding-left: 1.67em; padding-right: 0.5em"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Total</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">213.4</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">191.8</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">21.6</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.5em"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">11.2%</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">944.5</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">844.9</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">99.6</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.5em"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">11.8%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-width: 1pt; padding-left: 0.83em; padding-right: 0.5em"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Travel
    &amp; Recreation Group</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">9.8</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">10.0</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(0.2)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.5em"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">-2.4%</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">120.5</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">108.4</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">12.1</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.5em"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">11.1%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-width: 1pt; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Total</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">$223.2</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">$201.8</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">$21.3</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.5em"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">10.6%</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">$1,065.0</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">$953.3</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">$111.6</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.5em"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">11.7%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="border-width: 1pt; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>Segment
    operating income (loss):</B></FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-width: 1pt; padding-left: 0.83em; padding-right: 0.5em"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Marketing
    &amp; Events Group:</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-width: 1pt; padding-left: 1.67em; padding-right: 0.5em"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">U.S.</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">$(0.6)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">$(1.9)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">$1.3</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.5em"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">66.9%</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">$21.4</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">$11.0</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">$10.4</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.5em"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">94.1%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-width: 1pt; padding-left: 1.67em; padding-right: 0.5em"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">International</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">2.8</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">3.2</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(0.4)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.5em"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">-12.9%</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">10.3</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">9.1</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">1.3</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.5em"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">14.0%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-width: 1pt; padding-left: 1.67em; padding-right: 0.5em"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Total</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">2.2</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">1.3</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">0.9</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.5em"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">67.9%</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">31.8</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">20.1</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">11.6</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.5em"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">58.0%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-width: 1pt; padding-left: 0.83em; padding-right: 0.5em"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Travel
    &amp; Recreation Group</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(2.8)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(3.2)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">0.3</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.5em"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">10.6%</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">28.1</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">21.8</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">6.3</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.5em"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">28.9%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-width: 1pt; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Total</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">$(0.6)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">$(1.9)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">$1.2</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.5em"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">65.4%</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">$59.9</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">$41.9</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">$18.0</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.5em"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">42.8%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-width: 1pt; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Segment
    operating margins:</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-width: 1pt; padding-left: 0.83em; padding-right: 0.5em"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Marketing
    &amp; Events Group</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">1.0%</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">0.7%</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">30</FONT></TD>
    <TD STYLE="border-width: 1pt; padding-left: 0.5em; padding-right: 0.5em"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">bps</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">3.4%</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">2.4%</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">100</FONT></TD>
    <TD STYLE="border-width: 1pt; padding-left: 0.5em; padding-right: 0.5em"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">bps</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-width: 1pt; padding-left: 0.83em; padding-right: 0.5em"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Travel
    &amp; Recreation Group</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">-29.0%</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">-31.6%</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">260</FONT></TD>
    <TD STYLE="border-width: 1pt; padding-left: 0.5em; padding-right: 0.5em"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">bps</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">23.3%</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">20.1%</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">320</FONT></TD>
    <TD STYLE="border-width: 1pt; padding-left: 0.5em; padding-right: 0.5em"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">bps</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="14" STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="border-width: 1pt; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>Segment
    EBITDA*:</B></FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-width: 1pt; padding-left: 0.83em; padding-right: 0.5em"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Marketing
    &amp; Events Group:</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-width: 1pt; padding-left: 1.67em; padding-right: 0.5em"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">U.S.</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">$4.4</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">$1.8</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">$2.6</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.5em"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">**</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">$37.5</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">$25.9</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">$11.5</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.5em"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">44.5%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-width: 1pt; padding-left: 1.67em; padding-right: 0.5em"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">International</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">5.0</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">4.6</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">0.4</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.5em"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">8.6%</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">16.7</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">14.6</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">2.0</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.5em"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">13.8%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-width: 1pt; padding-left: 1.67em; padding-right: 0.5em"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Total</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">9.3</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">6.4</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">3.0</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.5em"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">46.6%</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">54.1</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">40.6</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">13.6</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.5em"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">33.4%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-width: 1pt; padding-left: 0.83em; padding-right: 0.5em"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Travel
    &amp; Recreation Group</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(1.1)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(1.6)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">0.5</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.5em"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">32.3%</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">36.4</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">29.1</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">7.2</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.5em"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">24.8%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-width: 1pt; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Total</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">$8.3</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">$4.8</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">$3.5</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.5em"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">73.4%</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">$90.5</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">$69.7</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">$20.8</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.5em"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">29.8%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-width: 1pt; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Segment
    EBITDA margins:</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-width: 1pt; padding-left: 0.83em; padding-right: 0.5em"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Marketing
    &amp; Events Group</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">4.4%</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">3.3%</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">110</FONT></TD>
    <TD STYLE="border-width: 1pt; padding-left: 0.5em; padding-right: 0.5em"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">bps</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">5.7%</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">4.8%</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">90</FONT></TD>
    <TD STYLE="border-width: 1pt; padding-left: 0.5em; padding-right: 0.5em"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">bps</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-width: 1pt; padding-left: 0.83em; padding-right: 0.5em"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Travel
    &amp; Recreation Group</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">-11.2%</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">-16.2%</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">500</FONT></TD>
    <TD STYLE="border-width: 1pt; padding-left: 0.5em; padding-right: 0.5em"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">bps</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">30.2%</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">26.9%</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">330</FONT></TD>
    <TD STYLE="border-width: 1pt; padding-left: 0.5em; padding-right: 0.5em"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">bps</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="14" STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="14" STYLE="border-width: 1pt; padding-left: 0.5em; padding-right: 0.5em"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><I>*
    Defined as segment operating income plus depreciation and amortization.</I></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="14" STYLE="border-width: 1pt; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><I>**
    Change is greater than +/- 100 percent.</I></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="14" STYLE="border-width: 1pt; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><I>Note:
    Calculated amounts presented above (including totals and percentages) are calculated using dollars in thousands.</I></FONT></TD></TR>
</TABLE>
<P STYLE="margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B><I>Marketing &amp; Events
Group (GES)</I></B></FONT></P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Moster said, "GES had a
strong year with substantial growth in revenue and margins. We also made significant progress against our strategy to position
GES as the preferred global, full-service provider for live events. During the fourth quarter, we created a digital platform for
live events by acquiring the leading event accommodations companies, onPeak and Travel Planners, acquiring the leading European
registration company, N200, and forming a partnership with an award-winning conference technology company. Additionally, we continued
to grow our audio visual business both domestically and through the acquisition of UK-based Blitz Communications. The industry
and our clients have responded well to our strategic focus and the new services we are now able to offer."</FONT></P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Marketing &amp; Events
Group 2014 full year revenue increased $99.6 million, or 11.8 percent, and operating income increased $11.6 million, or 58.0 percent,
compared to 2013. Full year operating margin increased 100 basis points to 3.4 percent.</FONT></P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">U.S. segment full year
revenue increased $82.0 million, or 13.0 percent, and operating income increased $10.4 million, or 94.1 percent. Organic growth
(excluding the acquisitions of onPeak and Travel Planners) was $75.9 million in revenue and $10.6 million in operating income.
This growth was primarily driven by positive show rotation revenue of $69 million, same-show growth and higher revenue from corporate
clients, partially offset by the loss of the International Consumer Electronics Show. Base same-show revenue, defined as revenue
derived from shows that the company produced out of the same city during the same quarter in each year, increased 6.4 percent
versus 2013. Growth in operating income was also affected by a non-recurring gain of $4.8 million in 2013 related to the sale
of a facility as well as higher performance-based incentives in 2014.</FONT></P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">International segment full
year revenue increased $20.3 million, or 8.9 percent, and operating income increased $1.3 million, or 14.0 percent. Organic growth
(excluding the acquisitions of Blitz Communications and N200 and the impact of exchange rate variances) was $5.3 million in revenue
and $0.8 million in operating income. This growth was primarily driven by new business wins, partially offset by negative show
rotation revenue of $4 million.</FONT></P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">For the fourth quarter
of 2014, Marketing &amp; Events Group revenue increased $21.6 million, or 11.2 percent, and operating income increased $0.9 million,
or 67.9 percent, compared to the 2013 fourth quarter.</FONT></P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">U.S. segment fourth quarter
revenue increased $17.9 million, or 13.3 percent, and operating results improved by $1.3 million. On an organic basis (excluding
acquisitions), revenue increased $11.7 million, or 8.7 percent, and operating income increased $1.6 million primarily driven by
base same-show revenue growth and higher revenue from corporate clients, partially offset by negative show rotation revenue of
$4 million.</FONT></P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">International segment fourth
quarter revenue increased $3.2 million, or 5.3 percent, and operating income decreased $0.4 million. On an organic basis (excluding
acquisitions and the impact of exchange rate variances), revenue decreased $3.3 million and operating income decreased $0.2 million
driven primarily by negative show rotation revenue of $2 million.</FONT></P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B><I>Travel &amp; Recreation
Group</I></B></FONT></P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B><I>&nbsp;</I></B></FONT></P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Moster said, "The Travel
&amp; Recreation Group delivered strong growth in revenue and margins in 2014. Our Refresh-Build-Buy growth initiatives are adding
scale and improving the guest experience within this high-margin business group. Our new Glacier Skywalk attraction surpassed
expectations for its first year of operation and has received great industry recognition and many awards. We successfully acquired
and integrated additional hospitality assets in prime locations within the Glacier National Park market. And we realized strong
growth in passenger volumes at our attractions and improved RevPAR, especially in the Banff market."</FONT></P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Travel &amp; Recreation
Group 2014 full year revenue increased $12.1 million, or 11.1 percent, and operating income increased $6.3 million, or 28.9 percent,
compared to 2013. Full year operating margin increased 320 basis points to 23.3 percent. Organic growth (excluding the acquisition
of the West Glacier properties, the Glacier Skywalk and the impact of exchange rate variances) was $6.5 million in revenue and
$1.7 million in operating income. This growth was primarily driven by higher passenger volumes and RevPAR at Brewster's attractions
and hotels.</FONT></P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">For the seasonally slow
fourth quarter, Travel &amp; Recreation Group revenue decreased $0.2 million, or 2.4 percent, and operating results improved by
$0.3 million, or 10.6 percent, compared to the 2013 fourth quarter. On an organic basis (excluding acquisitions, the Glacier Skywalk
and the impact of exchange rate variances), revenue increased $0.1 million and operating results improved by $0.2 million. Fourth
quarter 2014 operating results included insurance recoveries of $0.4 million (pre-tax) for flood-related closures at the Denali
Backcountry Lodge that took place earlier in the year.</FONT></P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Business Outlook</B></FONT></P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Moster said, "I am very
excited about the state of our business and the opportunities that lie ahead. The Glacier Skywalk and our newly acquired businesses
are proving to be great investments that are adding to our bottom line and enabling us to deliver a better experience to our customers.
While we will face headwinds in 2015 due to show rotation and exchange rates, we will continue to improve the fundamentals of
our businesses through our strategic initiatives and operational efficiencies. We will be very well positioned to deliver substantially
higher revenue and margins during 2016, when we will benefit from stronger show rotation and the repositioning of GES as the preferred
global, full-service provider for live events."</FONT></P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Guidance provided by Viad
is subject to change as a variety of factors can affect actual results. Those factors are identified in the safe harbor language
at the end of this press release.</FONT></P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>2015 Full Year Guidance</B></FONT></P>

<UL STYLE="list-style-type: disc">

<LI STYLE="margin-top: 0pt; font: 10pt Times New Roman, Times, Serif; margin-bottom: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Consolidated
revenue</B> is expected to be comparable to 2014 full year revenue, despite negative show rotation of approximately $75 million
and unfavorable currency translation of approximately $35 million.</FONT></LI>

<LI STYLE="margin-top: 0pt; font: 10pt Times New Roman, Times, Serif; margin-bottom: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Consolidated
Segment EBITDA</B> is expected to be in the range of $90 million to $94 million, as compared to $90.5 million in 2014.</FONT></LI>

</UL>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B><I>Marketing &amp; Events
Group </I></B></FONT></P>

<UL STYLE="list-style-type: disc">

<LI STYLE="margin-top: 0pt; font: 10pt Times New Roman, Times, Serif; margin-bottom: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Exchange
rate variances </B>versus 2014 are expected to negatively impact revenue and operating income by approximately $25 million and
$1 million, respectively.</FONT></LI>

<LI STYLE="margin-top: 0pt; font: 10pt Times New Roman, Times, Serif; margin-bottom: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>The
acquisitions</B> of onPeak, Travel Planners, Blitz Communications and N200 are expected to provide incremental revenue of $45
million to $50 million and incremental Segment EBITDA of $12 million to $13 million versus 2014.</FONT></LI>

<LI STYLE="margin-top: 0pt; font: 10pt Times New Roman, Times, Serif; margin-bottom: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Total
revenue </B>is expected to be comparable to 2014.</FONT></LI>

<UL STYLE="list-style-type: disc">

<LI STYLE="margin-top: 0pt; font: 10pt Times New Roman, Times, Serif; margin-bottom: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Base
same-show revenue </B>is expected to increase at a mid-single digit rate in the U.S. Base same shows are defined as shows that
take place in the same city during the same quarter each year.</FONT></LI>

<LI STYLE="margin-top: 0pt; font: 10pt Times New Roman, Times, Serif; margin-bottom: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Show
rotation</B> is expected to have a net negative impact on full year revenue of approximately $75 million versus 2014. Show rotation
refers to shows that occur less frequently than annually, as well as annual shows that shift quarters from one year to the next.</FONT></LI>

<UL STYLE="list-style-type: disc">

<LI STYLE="margin-top: 0pt; font: 10pt Times New Roman, Times, Serif; margin-bottom: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><I>First
quarter</I> show rotation is expected to negatively impact revenue by approximately $40 million.</FONT></LI>

<LI STYLE="margin-top: 0pt; font: 10pt Times New Roman, Times, Serif; margin-bottom: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><I>Second
quarter</I> show rotation is expected to positively impact revenue by approximately $10 million.</FONT></LI>

<LI STYLE="margin-top: 0pt; font: 10pt Times New Roman, Times, Serif; margin-bottom: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><I>Third
quarter</I> show rotation is expected to negatively impact revenue by approximately $50 million.</FONT></LI>

<LI STYLE="margin-top: 0pt; font: 10pt Times New Roman, Times, Serif; margin-bottom: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><I>Fourth
quarter</I> show rotation is expected to positively impact revenue by approximately $5 million.</FONT></LI>

</UL>

</UL>

<LI STYLE="margin-top: 0pt; font: 10pt Times New Roman, Times, Serif; margin-bottom: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Operating
margins </B>are expected to be in the range of 2.4 percent to 2.7 percent, versus 3.4 percent in 2014 and 2.4 percent in 2013,
which had a non-recurring gain of $4.8 million related to the sale of a facility.</FONT></LI>

<UL STYLE="list-style-type: disc">

<LI STYLE="margin-top: 0pt; font: 10pt Times New Roman, Times, Serif; margin-bottom: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Depreciation
and amortization</B> is expected to be in the range of $30 million to $31 million.</FONT></LI>

<LI STYLE="margin-top: 0pt; font: 10pt Times New Roman, Times, Serif; margin-bottom: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>EBITDA
margins</B> are expected to be in the range of 5.7 percent to 5.9 percent, versus 5.7 percent in 2014.</FONT></LI>

</UL>

</UL>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B><I>Travel &amp; Recreation
Group</I></B></FONT></P>

<UL STYLE="list-style-type: disc">

<LI STYLE="margin-top: 0pt; font: 10pt Times New Roman, Times, Serif; margin-bottom: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Exchange
rate variances </B>versus 2014 are expected to negatively impact revenue and operating income by approximately $10 million and
$3 million, respectively.</FONT></LI>

<LI STYLE="margin-top: 0pt; font: 10pt Times New Roman, Times, Serif; margin-bottom: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Revenue
</B>is expected to increase by a low single-digit rate from 2014, reflecting growth of the underlying business, largely offset
by unfavorable currency translation.</FONT></LI>

<LI STYLE="margin-top: 0pt; font: 10pt Times New Roman, Times, Serif; margin-bottom: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Operating
margins</B> are expected to be comparable to the 2014 margin of 23.3 percent.</FONT></LI>

<UL STYLE="list-style-type: disc">

<LI STYLE="margin-top: 0pt; font: 10pt Times New Roman, Times, Serif; margin-bottom: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Depreciation
and amortization</B> is expected to be in the range of $8 million to $9 million.</FONT></LI>

<LI STYLE="margin-top: 0pt; font: 10pt Times New Roman, Times, Serif; margin-bottom: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>EBITDA
margins</B> are expected to be comparable to the 2014 margin of 30.2 percent.</FONT></LI>

</UL>

</UL>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B><I>Corporate &amp; Other</I></B></FONT></P>

<UL STYLE="list-style-type: disc">

<LI STYLE="margin-top: 0pt; font: 10pt Times New Roman, Times, Serif; margin-bottom: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Corporate
activities</B> expense is expected to be in the range of $8.5 million to $9.5 million.</FONT></LI>

<LI STYLE="margin-top: 0pt; font: 10pt Times New Roman, Times, Serif; margin-bottom: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Exchange
rate variances</B> are expected to negatively impact income by approximately $0.16 per share as compared to 2014. Exchange rates
are assumed to approximate $0.82 U.S. Dollars per Canadian Dollar and $1.50 U.S. Dollars per British Pound.</FONT></LI>

<LI STYLE="margin-top: 0pt; font: 10pt Times New Roman, Times, Serif; margin-bottom: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Interest
expense</B> is expected to increase versus 2014 by approximately $0.10 per share due to increased debt resulting from acquisitions
completed during the second half of 2014.</FONT></LI>

<LI STYLE="margin-top: 0pt; font: 10pt Times New Roman, Times, Serif; margin-bottom: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>The
effective tax rate </B>on income before other items is assumed to approximate 29 percent to 30 percent, as compared to 30.2 percent
in 2014.</FONT></LI>

</UL>

<P STYLE="text-align: left; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>2015
First Quarter Guidance</B></FONT></P>

<P STYLE="text-align: left; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">For the first quarter,
Viad's loss per share is expected to be in the range of $0.23 to $0.15. This is down from 2014 first quarter income before other
items of $0.36 per share primarily due to negative show rotation revenue of approximately $40 million at the Marketing &amp; Events
Group as well as higher interest expense. Consolidated revenue is expected to be in the range of $246 million to $258 million
as compared to $285.6 million in the 2014 first quarter. Segment operating loss is expected to be in the range of $3.5 million
to $1.0 million as compared to income of $13.4 million in the 2014 first quarter.</FONT></P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Implicit within this guidance,
are the following group revenue and operating income (loss) expectations for the first quarter:</FONT></P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="border-width: 1pt; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-width: 1pt; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><I>($
    in millions)</I></FONT></TD>
    <TD COLSPAN="4" STYLE="border-bottom: black 1pt solid; text-align: center; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.5em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>Group
    Revenue</B></FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.67em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="4" STYLE="border-bottom: black 1pt solid; text-align: center; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.5em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>Group
    Operating Income (Loss)</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.67em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.67em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>2015
    Guidance</B></FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.67em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.67em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>2015
    Guidance</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.67em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.67em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>2014</B></FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>Low
    End</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>High
    End</B></FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.67em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.67em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>2014</B></FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>Low
    End</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>High
    End</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.67em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.67em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.67em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.67em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.67em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.67em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.67em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.67em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.67em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.67em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-width: 1pt; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Marketing
    &amp; Events Group</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.67em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">$277.8</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.67em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">$240.0</FONT></TD>
    <TD STYLE="border-width: 1pt; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">to</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.67em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">$250.0</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.67em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.17em; padding-right: 0.67em"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">$
    18.2</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.17em; padding-right: 0.67em"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">$
    2.0</FONT></TD>
    <TD STYLE="border-width: 1pt; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">To</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.67em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">$4.0</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-width: 1pt; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Travel
    &amp; Recreation Group</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.67em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">$
    7.8</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.67em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">$
    6.0</FONT></TD>
    <TD STYLE="border-width: 1pt; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">to</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.67em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">$
    8.0</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.67em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.17em; padding-right: 0.5em"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">$(4.8)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.17em; padding-right: 0.5em"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">$(6.0)</FONT></TD>
    <TD STYLE="border-width: 1pt; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">To</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">$(4.5)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.67em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.67em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.67em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.67em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.67em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.67em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.67em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.67em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.67em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.67em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
</TABLE>
<P STYLE="margin-top: 0pt; margin-bottom: 0pt"></P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The acquisitions of onPeak,
Travel Planners, Blitz Communications and N200 are expected to contribute approximately $14 million to $15 million in revenue
during the first quarter, with essentially breakeven operating results due to amortization expense and integration costs.</FONT></P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Exchange rate variances
are expected to negatively impact first quarter revenue by approximately $6.5 million in the Marketing &amp; Events Group and
approximately $0.5 million in the Travel &amp; Recreation Group. The impact on operating results is not expected to be meaningful.</FONT></P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Conference Call and
Web Cast</B></FONT></P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Viad Corp will hold a conference
call with investors and analysts for a review of full year and fourth quarter 2014 results on Friday, February 6, 2015 at 9 a.m.
(ET). To join the live conference, call (800) 857-4380, passcode "Viad," or access the webcast through Viad's Web site at www.viad.com.
A replay will be available for a limited time at (866) 421-0447 (no passcode required) or visit the Viad Web site and link to
a replay of the webcast.</FONT></P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>About Viad</B></FONT></P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Viad is an S&amp;P SmallCap
600 company. Viad operates through its Marketing &amp; Events Group, composed of Global Experience Specialists and affiliates,
and its Travel &amp; Recreation Group, composed of Brewster, Glacier Park, Inc. and Alaska Denali Travel. For more information,
visit the company's Web site at www.viad.com.</FONT></P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><I>Forward-Looking Statements</I></FONT></P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><I>As provided by the safe
harbor provision under the Private Securities Litigation Reform Act of 1995, Viad cautions readers that, in addition to historical
information contained herein, this press release includes certain information, assumptions and discussions that may constitute
forward-looking statements. These forward-looking statements are not historical facts, but reflect current estimates, projections,
expectations, or trends concerning future growth, operating cash flows, availability of short-term borrowings, consumer demand,
new or renewal business, investment policies, productivity improvements, ongoing cost reduction efforts, efficiency, competitiveness,
legal expenses, tax rates and other tax matters, foreign exchange rates, and the realization of restructuring cost savings. Actual
results could differ materially from those discussed in the forward-looking statements. Viad's businesses can be affected by a
host of risks and uncertainties. Among other things, natural disasters, gains and losses of customers, consumer demand patterns,
labor relations, purchasing decisions related to customer demand for exhibition and event services, existing and new competition,
industry alliances, consolidation and growth patterns within the industries in which Viad competes, acquisitions, capital allocations,
adverse developments in liabilities associated with discontinued operations and any deterioration in the economy, may individually
or in combination impact future results. In addition to factors mentioned elsewhere, economic, competitive, governmental, technological,
capital marketplace and other factors, including terrorist activities or war, a pandemic health crisis and international conditions,
could affect the forward-looking statements in this press release. Additional information concerning business and other risk factors
that could cause actual results to materially differ from those in the forward-looking statements can be found in Viad's annual
and quarterly reports filed with the Securities and Exchange Commission.</I></FONT></P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><I>Information about Viad
Corp obtained from sources other than the company may be out-of-date or incorrect. Please rely only on company press releases,
SEC filings and other information provided by the company,</I> <I>keeping in mind that forward-looking statements speak only as
of the date made. Viad undertakes no obligation to update any forward-looking statements, including prior forward-looking statements,
to reflect events or circumstances arising after the date as of which the forward-looking statements were made.</I></FONT></P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="border-width: 1pt; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-style: black; border-width: 0pt; padding-left: 0.5em; padding-right: 0.5em"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Contacts:
        </B></FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Joe
        Diaz</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><I>Lytham
        Partners</I></FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">(602)
        889-9660</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">diaz@lythampartners.com</FONT></P></TD>
    <TD STYLE="border-style: black; border-width: 0pt; padding-left: 0.5em; padding-right: 0.5em"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Carrie
        Long</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><I>Viad
        Corp</I></FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">(602)
        207-2681</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">IR@viad.com</FONT></P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-style: black; border-width: 0pt; padding-left: 0.5em; padding-right: 0.5em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-style: black; border-width: 0pt; padding-left: 0.5em; padding-right: 0.5em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-style: black; border-width: 0pt; padding-left: 0.5em; padding-right: 0.5em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-style: black; border-width: 0pt; padding-left: 0.5em; padding-right: 0.5em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
</TABLE>
<P STYLE="margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt"></P>

<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="border-width: 1pt; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="18" STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>VIAD
    CORP AND SUBSIDIARIES</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="18" STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>TABLE
    ONE - QUARTERLY AND FULL YEAR RESULTS</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="18" STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>(UNAUDITED)</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="7" STYLE="border-bottom: black 1pt solid; text-align: center; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.5em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Three
    months ended December 31,</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="7" STYLE="border-bottom: black 1pt solid; text-align: center; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.5em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Year
    ended December 31,</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="border-width: 1pt; text-align: left; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(000
    omitted, except per share data)</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">2014</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">2013</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: black 1pt solid; text-align: center; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.5em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">$
    Change</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: black 1pt solid; text-align: center; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.5em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">%
    Change</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">2014</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">2013</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.5em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">$
    Change</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: black 1pt solid; text-align: center; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.5em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">%
    Change</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="border-width: 1pt; text-align: left; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>Revenues</B></FONT></TD>
    <TD NOWRAP STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>$
    223,154</B></FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>$
    201,841</B></FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>$
    21,313</B></FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>10.6%</B></FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>$
    1,064,987</B></FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>$
    953,347</B></FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>$
    111,640</B></FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>11.7%</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom-width: 1pt; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top: black 2pt double; border-right-width: 1pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom-width: 1pt; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top: black 2pt double; border-right-width: 1pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="border-width: 1pt; text-align: left; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>Segment
    operating income (loss)</B></FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>$
    (644)</B></FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>$
    (1,862)</B></FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>$
    1,218</B></FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>65.4%</B></FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>$
    59,866</B></FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>$
    41,911</B></FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>$
    17,955</B></FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>42.8%</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="border-width: 1pt; text-align: left; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Corporate
    activities (Note A)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(6,850)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(2,748)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(4,102)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">**</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(14,348)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(6,755)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(7,593)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">**</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="border-width: 1pt; text-align: left; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Restructuring
    (charges) recoveries (Note B)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">177</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(1,661)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">1,838</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">**</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(1,637)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(3,793)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">2,156</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">56.8%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="border-width: 1pt; text-align: left; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Impairment
    charges (Note C)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">**</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(884)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(3,049)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">2,165</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">71.0%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="border-width: 1pt; text-align: left; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Net
    interest expense</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(841)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(176)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(665)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.5em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">**</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(1,710)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(684)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(1,026)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.5em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">**</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="border-width: 1pt; text-align: left; padding-left: 0.5em; padding-right: 0.5em"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Income
        (loss) from continuing operations before</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">income
        taxes</FONT></P></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(8,158)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(6,447)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(1,711)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">-26.5%</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">41,287</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">27,630</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">13,657</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">49.4%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="border-width: 1pt; text-align: left; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Income
    tax benefit (expense) (Note D)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">761</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">1,833</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(1,072)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.5em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">-58.5%</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(109)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(8,310)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">8,201</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: black 1pt solid; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.5em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">98.7%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="border-width: 1pt; text-align: left; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Income
    (loss) from continuing operations</FONT></TD>
    <TD STYLE="border-bottom-width: 1pt; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top: black 1pt solid; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(7,397)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom-width: 1pt; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top: black 1pt solid; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(4,614)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom-width: 1pt; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top: black 1pt solid; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(2,783)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">-60.3%</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom-width: 1pt; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top: black 1pt solid; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">41,178</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom-width: 1pt; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top: black 1pt solid; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">19,320</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom-width: 1pt; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top: black 1pt solid; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">21,858</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">**</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="border-width: 1pt; text-align: left; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Income
    (loss) from discontinued operations (Note E)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">1,366</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(298)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">1,664</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.5em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">**</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">14,389</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">2,366</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">12,023</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.5em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">**</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="border-width: 1pt; text-align: left; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Net
    income (loss)</FONT></TD>
    <TD STYLE="border-bottom-width: 1pt; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top: black 1pt solid; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(6,031)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom-width: 1pt; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top: black 1pt solid; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(4,912)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom-width: 1pt; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top: black 1pt solid; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(1,119)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">-22.8%</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom-width: 1pt; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top: black 1pt solid; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">55,567</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom-width: 1pt; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top: black 1pt solid; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">21,686</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom-width: 1pt; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top: black 1pt solid; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">33,881</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">**</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="border-width: 1pt; text-align: left; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Net
    (income) loss attributable to noncontrolling interest</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">142</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">294</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(152)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">-51.7%</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(3,213)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(131)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(3,082)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.5em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">**</FONT></TD></TR>
<TR>
    <TD COLSPAN="3" STYLE="border-width: 1pt; text-align: left; padding-left: 0.5em; padding-right: 0.5em; vertical-align: bottom; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>Net
    income (loss) attributable to Viad</B></FONT></TD>
    <TD NOWRAP STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; vertical-align: bottom; border-top: black 1pt solid; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>$
    (5,889)</B></FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; vertical-align: bottom; border-top: black 1pt solid; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>$
    (4,618)</B></FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; vertical-align: bottom; border-top: black 1pt solid; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>$
    (1,271)</B></FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.5em; vertical-align: bottom; border-top: black 1pt solid; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>-27.5%</B></FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; vertical-align: bottom; border-top: black 1pt solid; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>$
    52,354</B></FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; vertical-align: bottom; border-top: black 1pt solid; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>$
    21,555</B></FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; vertical-align: bottom; border-top: black 1pt solid; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>$
    30,799</B></FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>**</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="border-width: 1pt; text-align: left; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Amounts
    Attributable to Viad Common Stockholders:</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="border-width: 1pt; text-align: left; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Income
    (loss) from continuing operations</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">$
    (7,255)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">$
    (4,403)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">$
    (2,852)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">-64.8%</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">$
    40,790</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">$
    19,437</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">$
    21,353</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">**</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="border-width: 1pt; text-align: left; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Income
    (loss) from discontinued operations</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">1,366</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(215)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">1,581</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.5em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">**</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">11,564</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">2,118</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">9,446</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.5em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">**</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="border-width: 1pt; text-align: left; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>Net
    income (loss)</B></FONT></TD>
    <TD NOWRAP STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>$
    (5,889)</B></FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>$
    (4,618)</B></FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>$
    (1,271)</B></FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.5em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>-27.5%</B></FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>$
    52,354</B></FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>$
    21,555</B></FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>$
    30,799</B></FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 2pt double; text-align: center; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.5em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>**</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="border-width: 1pt; text-align: left; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Diluted
    income per common share:</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-width: 1pt; text-align: left; padding-left: 0.5em; padding-right: 0.5em"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Income
        (loss) from continuing operations</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">attributable
        to Viad common shareholders</FONT></P></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">$
    (0.37)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">$
    (0.22)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">$
    (0.15)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">-68.2%</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">$
    2.02</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">$
    0.96</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">$
    1.06</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">**</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-width: 1pt; text-align: left; padding-left: 0.5em; padding-right: 0.5em"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Income
        (loss) from discontinued operations</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">attributable
        to Viad common shareholders</FONT></P></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">0.07</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(0.01)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">0.08</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.5em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">**</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">0.57</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">0.10</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">0.47</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.5em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">**</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-width: 1pt; text-align: left; padding-left: 0.5em; padding-right: 0.5em"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Net
        income (loss) attributable to Viad common</B></FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>shareholders</B></FONT></P></TD>
    <TD NOWRAP STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>$
    (0.30)</B></FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>$
    (0.23)</B></FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>$
    (0.07)</B></FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.5em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>-30.4%</B></FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>$
    2.59</B></FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>$
    1.06</B></FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>$
    1.53</B></FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 2pt double; text-align: center; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.5em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>**</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="border-width: 1pt; text-align: left; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Basic
    income per common share:</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-width: 1pt; text-align: left; padding-left: 0.5em; padding-right: 0.5em"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Income
        (loss) from continuing operations</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">attributable
        to Viad common shareholders</FONT></P></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">$
    (0.37)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">$
    (0.22)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">$
    (0.15)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">-68.2%</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">$
    2.02</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">$
    0.96</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">$
    1.06</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">**</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-width: 1pt; text-align: left; padding-left: 0.5em; padding-right: 0.5em"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Income
        (loss) from discontinued operations</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">attributable
        to Viad common shareholders</FONT></P></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">0.07</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(0.01)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">0.08</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.5em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">**</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">0.57</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">0.10</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">0.47</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.5em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">**</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-width: 1pt; text-align: left; padding-left: 0.5em; padding-right: 0.5em"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Net
        income (loss) attributable to Viad common</B></FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>shareholders</B></FONT></P></TD>
    <TD NOWRAP STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>$
    (0.30)</B></FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>$
    (0.23)</B></FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>$
    (0.07)</B></FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.5em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>-30.4%</B></FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>$
    2.59</B></FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>$
    1.06</B></FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>$
    1.53</B></FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 2pt double; text-align: center; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.5em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>**</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="border-width: 1pt; text-align: left; padding-left: 0.83em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Common
    shares treated as outstanding for Income (loss) per share calculations:</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: left; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Weighted-average
    outstanding common shares</FONT></TD>
    <TD STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">19,720</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">19,881</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(161)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.5em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">-0.8%</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">19,804</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">19,850</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(46)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.5em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">-0.2%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: left; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Weighted-average
    outstanding and potentially dilutive common shares</FONT></TD>
    <TD STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">19,720</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">19,881</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(161)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.5em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">-0.8%</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">20,133</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">20,265</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(132)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.5em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">-0.7%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="6" STYLE="border-width: 1pt; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">**
    Change is greater than +/- 100 percent</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
</TABLE>
<P STYLE="margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="border-width: 1pt; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="18" STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>VIAD
    CORP AND SUBSIDIARIES</B></FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="18" STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>TABLE
    ONE - NOTES TO QUARTERLY AND FULL YEAR RESULTS</B></FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="18" STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>(UNAUDITED)</B></FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.5em; vertical-align: top; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(A)</FONT></TD>
    <TD COLSPAN="16" STYLE="border-width: 1pt; text-align: left; padding-left: 0.5em; padding-right: 0.5em; vertical-align: bottom; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Corporate
    Activities &mdash; The increase in corporate activities expense for the year ended December 31, 2014 was primarily related
    to acquisition transaction-related costs of $4.2 million, CEO transition costs of $2.7 million, and higher 401(k) employer
    matching contributions expense due to the depletion of the Company's common stock held in the Employee Stock Ownership Plan
    feature of the Company's 401(k). Matching contributions are now funded from shares of Viad common stock held in treasury which
    have a higher cost to the Company.</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; vertical-align: top"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="16" STYLE="border-width: 1pt; text-align: left; padding-left: 0.5em; padding-right: 0.83em; vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; vertical-align: top"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="16" STYLE="border-width: 1pt; text-align: left; padding-left: 0.5em; padding-right: 0.5em; vertical-align: bottom; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">The
    increase in corporate activities expense for the three months ended December 31, 2014 was primarily related to CEO transition
    costs and acquisition transaction-related costs.</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.5em; vertical-align: top; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(B)</FONT></TD>
    <TD COLSPAN="16" STYLE="border-width: 1pt; text-align: left; padding-left: 0.5em; padding-right: 0.5em; vertical-align: bottom; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Restructuring
    (Charges) Recoveries &mdash; During the three months and year ended December 31, 2014, Viad recorded net restructuring recoveries
    of $0.2 million ($0.1 million after-tax) and net restructuring charges of $1.6 million ($1.0 million after-tax), respectively,
    primarily related to updated estimates of facility contractual arrangements and the elimination of certain positions in the
    Marketing &amp; Events Group, respectively. During the three months and year ended December 31, 2013, Viad recorded net restructuring
    charges of $1.7 million ($1.2 million after-tax) and $3.8 million ($2.6 million after-tax), respectively, primarily related
    to facility consolidations and the elimination of certain positions in the Marketing &amp; Events Group.</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.5em; vertical-align: top; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(C)</FONT></TD>
    <TD COLSPAN="16" STYLE="border-width: 1pt; text-align: left; padding-left: 0.5em; padding-right: 0.5em; vertical-align: bottom; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Impairment
    Charges &mdash; During the year ended December 31, 2014, Viad recorded impairment charges of $0.9 million ($0.5 million after-tax)
    at the Marketing &amp; Events Group primarily related to the write-off of certain internally developed software. During the
    year ended December 31, 2013, Viad recorded impairment charges of $3.0 million ($1.6 million after-tax) related to the non-cash
    write-down of goodwill at Glacier Park of $2.1 million ($1.0 million after-tax) and $1.0 million ($0.6 million after-tax)
    related to the write-off of certain assets within the Marketing &amp; Events Group.</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.5em; vertical-align: top; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(D)</FONT></TD>
    <TD COLSPAN="17" STYLE="border-width: 1pt; text-align: left; padding-left: 0.5em; padding-right: 0.5em; vertical-align: bottom; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Income
    Taxes &mdash; The decrease in the effective tax rate for the three months ended December 31, 2014 was primarily due to nondeductible
    acquisition related costs. The decrease in the effective tax rate for the year ended December 31, 2014 was primarily due to
    a benefit related to the reversal of a valuation allowance associated with foreign tax credits. During the third quarter,
    it was determined that the assets would be realized under the "more-likely-than-not" accounting standard. </FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.5em; vertical-align: top; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(E)</FONT></TD>
    <TD COLSPAN="16" STYLE="border-width: 1pt; text-align: left; padding-left: 0.5em; padding-right: 0.5em; vertical-align: bottom; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Income
    (Loss) from Discontinued Operations &mdash; On December 31, 2013, Glacier Park's concession contract with the Park Service
    to operate lodging, tour and transportation and other hospitality services for Glacier National Park expired. Upon completion
    of the contract term, Viad received cash payments in January 2014 totaling $25.0 million for the Company's possessory interest.
    This resulted in a pre-tax gain of $21.5 million and an after-tax gain of $13.5 million that was recorded as income from discontinued
    operations. In addition, 2014 income from discontinued operations included approximately $0.7 million, net of tax, related
    to the gain on sale of personal property at Glacier Park, as well as an insurance recovery of $0.3 million, net of tax, and
    adjustments to reserves related to certain liabilities associated with previously sold operations.</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; vertical-align: top"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="16" STYLE="border-width: 1pt; text-align: left; padding-left: 0.5em; padding-right: 0.83em; vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; vertical-align: top"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="16" STYLE="border-width: 1pt; text-align: left; padding-left: 0.5em; padding-right: 0.5em; vertical-align: bottom; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">2013
    results related to the operations of Glacier Park's concession contract business have been reclassified as discontinued operations.
    In addition, 2013 income from discontinued operations included $1.1 million, net of tax, primarily related to the sale of
    land associated with a previously sold operation.</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.5em; vertical-align: top; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(F)</FONT></TD>
    <TD COLSPAN="17" STYLE="border-width: 1pt; text-align: left; padding-left: 0.5em; padding-right: 0.5em; vertical-align: bottom; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Income
    (Loss) per Common Share &mdash; Following is a reconciliation of net income (loss) attributable to Viad to net income (loss)
    allocated to Viad common shareholders:</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="7" STYLE="border-bottom: black 1pt solid; text-align: center; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.5em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Three
    months ended December 31,</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="7" STYLE="border-bottom: black 1pt solid; text-align: center; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.5em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Year
    ended December 31,</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-width: 1pt; text-align: left; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(000
    omitted, except per share data)</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">2014</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">2013</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: black 1pt solid; text-align: center; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.5em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">$
    Change</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: black 1pt solid; text-align: center; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.5em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">%
    Change</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">2014</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">2013</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: black 1pt solid; text-align: center; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.5em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">$
    Change</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: black 1pt solid; text-align: center; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.5em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">%
    Change</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-width: 1pt; text-align: left; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>Net
    income (loss) attributable to Viad</B></FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>$
    (5,889)</B></FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>$
    (4,618)</B></FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>$
    (1,271)</B></FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>-27.5%</B></FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>$
    52,354</B></FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>$
    21,555</B></FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>$
    30,799</B></FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>**</B></FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-width: 1pt; text-align: left; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Less:
    Allocation to nonvested shares</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.5em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">**</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(970)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(485)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(485)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.5em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">**</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-width: 1pt; text-align: left; padding-left: 0.5em; padding-right: 0.5em"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Net
        income (loss) allocated to Viad common</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">shareholders</FONT></P></TD>
    <TD NOWRAP STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">$
    (5,889)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">$
    (4,618)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">$
    (1,271)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.5em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">-27.5%</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">$
    51,384</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">$
    21,070</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">$
    30,314</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 2pt double; text-align: center; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.5em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">**</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-width: 1pt; text-align: left; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Weighted-average
    outstanding common shares</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">19,720</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">19,881</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(161)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">-0.8%</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">19,804</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">19,850</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(46)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">-0.2%</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-width: 1pt; text-align: left; padding-left: 0.5em; padding-right: 0.5em"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Basic
        income (loss) per common share attributable</B></FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>to
        Viad common shareholders</B></FONT></P></TD>
    <TD NOWRAP STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>$
    (0.30)</B></FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>$
    (0.23)</B></FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>$
    (0.07)</B></FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.5em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>-30.4%</B></FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>$
    2.59</B></FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>$
    1.06</B></FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>$
    1.53</B></FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 2pt double; text-align: center; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.5em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>**</B></FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="6" STYLE="border-width: 1pt; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">**
    Change is greater than +/- 100 percent</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
</TABLE>
<P STYLE="margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="border-width: 1pt; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="18" STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>VIAD
    CORP AND SUBSIDIARIES</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="18" STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>TABLE
    TWO - NON-GAAP MEASURES (NOTE A)</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="18" STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>(UNAUDITED)</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="7" STYLE="border-bottom: black 1pt solid; text-align: center; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.5em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Three
    months ended December 31,</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="7" STYLE="border-bottom: black 1pt solid; text-align: center; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.5em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Year
    ended December 31,</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="border-width: 1pt; text-align: left; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(000
    omitted)</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">2014</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">2013</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: black 1pt solid; text-align: center; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.5em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">$
    Change</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: black 1pt solid; text-align: center; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.5em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">%
    Change</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">2014</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">2013</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: black 1pt solid; text-align: center; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.5em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">$
    Change</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: black 1pt solid; text-align: center; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.5em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">%
    Change</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="border-width: 1pt; text-align: left; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Income
    (loss) before other items:</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-width: 1pt; text-align: left; padding-left: 0.5em; padding-right: 0.5em"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Income
        (loss) from continuing operations</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">attributable
        to Viad</FONT></P></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">$
    (7,255)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">$
    (4,403)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">$
    (2,852)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">-64.8%</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">$
    40,790</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">$
    19,437</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">$
    21,353</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">**</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: left; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Restructuring
    charges (recoveries), net of tax</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(109)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">1,185</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(1,294)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">**</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">1,025</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">2,647</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(1,622)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">61.3%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-width: 1pt; text-align: left; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">CEO
    transition costs, net of tax</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">1,700</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">1,700</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">**</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">1,700</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">1,700</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">**</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-width: 1pt; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Impairment
    charges, net of tax</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">**</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">549</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">1,639</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(1,090)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">66.5%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-width: 1pt; text-align: left; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Un
    (favorable) tax matters</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">653</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(415)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">1,068</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">**</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(11,971)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(415)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(11,556)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">**</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-width: 1pt; text-align: left; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>Income
    (loss) before other items</B></FONT></TD>
    <TD NOWRAP STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top: black 1pt solid; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>$
    (5,011)</B></FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top: black 1pt solid; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>$
    (3,633)</B></FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top: black 1pt solid; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>$
    (1,378)</B></FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 2pt double; text-align: center; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.5em; border-top: black 1pt solid; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>-37.9%</B></FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top: black 1pt solid; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>$
    32,093</B></FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top: black 1pt solid; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>$
    23,308</B></FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top: black 1pt solid; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>$
    8,785</B></FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.5em; border-top: black 1pt solid; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>37.7%</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="border-width: 1pt; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(per
    diluted share)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="border-width: 1pt; text-align: left; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Income
    (loss) before other items:</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-width: 1pt; text-align: left; padding-left: 0.5em; padding-right: 0.5em"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Income
        (loss) from continuing operations</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">attributable
        to Viad</FONT></P></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">$
    (0.37)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">$
    (0.22)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">$
    (0.15)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">-68.2%</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">$
    2.02</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">$
    0.96</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">$
    1.06</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">**</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-width: 1pt; text-align: left; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Restructuring
    charges (recoveries), net of tax</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">0.06</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(0.06)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">**</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">0.05</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">0.13</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(0.08)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">61.5%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-width: 1pt; text-align: left; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">CEO
    transition costs, net of tax</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">0.09</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">0.09</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">**</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">0.08</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">0.08</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">**</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-width: 1pt; text-align: left; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Impairment
    charges, net of tax</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">**</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">0.03</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">0.08</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(0.05)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">62.5%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-width: 1pt; text-align: left; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Un
    (favorable) tax matters</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">0.03</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(0.02)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">0.05</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">**</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(0.59)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(0.02)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(0.57)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">**</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-width: 1pt; text-align: left; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>Income
    (loss) before other items</B></FONT></TD>
    <TD NOWRAP STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top: black 1pt solid; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>$
    (0.25)</B></FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top: black 1pt solid; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>$
    (0.18)</B></FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top: black 1pt solid; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>$
    (0.07)</B></FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 2pt double; text-align: center; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.5em; border-top: black 1pt solid; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>-38.9%</B></FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top: black 1pt solid; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>$
    1.59</B></FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top: black 1pt solid; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>$
    1.15</B></FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top: black 1pt solid; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>$
    0.44</B></FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.5em; border-top: black 1pt solid; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>38.3%</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="7" STYLE="border-bottom: black 1pt solid; text-align: center; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.5em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Three
    months ended December 31, </FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="7" STYLE="border-bottom: black 1pt solid; text-align: center; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.5em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Year
    ended December 31, </FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="border-width: 1pt; text-align: left; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(000
    omitted)</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">2014</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">2013</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.5em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">$
    Change</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.5em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">%
    Change</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">2014</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">2013</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.5em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">$
    Change</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.5em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">%
    Change</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="border-width: 1pt; text-align: left; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Adjusted
    EBITDA:</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-width: 1pt; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Net
    income (loss) attributable to Viad</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">$
    (5,889)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">$
    (4,618)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">$
    (1,271)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">-27.5%</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">$
    52,354</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">$
    21,555</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">$
    30,799</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">**</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-width: 1pt; text-align: left; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(Income)
    loss from discontinued operations</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(1,366)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">215</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(1,581)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">**</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(11,564)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(2,118)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(9,446)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">**</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-width: 1pt; text-align: left; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Impairment
    charges</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">-</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">**</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">884</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">2,630</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(1,746)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">66.4%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-width: 1pt; text-align: left; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Interest
    expense</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">975</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">334</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">641</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">**</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">2,137</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">1,250</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">887</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">-71.0%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-width: 1pt; text-align: left; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Income
    tax expense (benefit)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(678)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(1,837)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">1,159</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">-63.1%</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(239)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">8,206</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(8,445)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">**</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-width: 1pt; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Depreciation
    and amortization</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">8,822</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">6,577</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">2,245</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">-34.1%</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">30,382</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">27,634</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">2,748</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">-9.9%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-width: 1pt; text-align: left; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>Adjusted
    EBITDA</B></FONT></TD>
    <TD NOWRAP STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-color: black; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>$
    1,864</B></FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-color: black; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>$
    671</B></FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-color: black; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>$
    1,193</B></FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 2pt double; text-align: center; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.5em; border-top: black 1pt solid; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>**</B></FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-color: black; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>$
    73,954</B></FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-color: black; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>$
    59,157</B></FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top-color: black; border-top-width: 1pt; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>$
    14,797</B></FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.5em; border-top: black 1pt solid; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>25.0%</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="border-width: 1pt; text-align: left; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Free
    Cash Flow:</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-width: 1pt; text-align: left; padding-left: 0.5em; padding-right: 0.5em"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Net
        cash provided by (used in)</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">operating
        activities</FONT></P></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">$
    (26,890)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">$
    (21,278)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">$
    (5,612)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">-26.4%</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">$
    55,126</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">$
    6,055</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">$
    49,071</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">**</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-width: 1pt; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Capital
    expenditures</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(7,491)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(9,192)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">1,701</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">18.5%</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(29,389)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(36,119)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">6,730</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">18.6%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-width: 1pt; text-align: left; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>Free
    cash flow</B></FONT></TD>
    <TD NOWRAP STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top: black 1pt solid; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>$
    (34,381)</B></FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top: black 1pt solid; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>$
    (30,470)</B></FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top: black 1pt solid; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>$
    (3,911)</B></FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.5em; border-top: black 1pt solid; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>-12.8%</B></FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top: black 1pt solid; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>$
    25,737</B></FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top: black 1pt solid; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>$
    (30,064)</B></FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top: black 1pt solid; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>$
    55,801</B></FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: black 2pt double; text-align: center; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.5em; border-top: black 1pt solid; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>**</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="border-width: 1pt; text-align: left; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Segment
    EBITDA:</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="border-width: 1pt; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Marketing
    &amp; Events Group - U.S.:</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="border-width: 1pt; text-align: left; padding-left: 0.83em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Segment
    operating income (loss)</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">$
    (645)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">$
    (1,947)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">$
    1,302</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">66.9%</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">$
    21,400</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">$
    11,024</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">$
    10,376</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">94.1%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="border-width: 1pt; text-align: left; padding-left: 0.83em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Depreciation
    expense</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">3,843</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">3,645</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">198</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">5.4%</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">14,790</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">14,561</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">229</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">1.6%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="border-width: 1pt; text-align: left; padding-left: 0.83em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Amortization
    expense</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">1,160</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">86</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">1,074</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">**</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">1,276</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">346</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">930</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">**</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="border-width: 1pt; text-align: left; padding-left: 0.83em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>Segment
    EBITDA</B></FONT></TD>
    <TD NOWRAP STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top: black 1pt solid; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>$
    4,358</B></FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top: black 1pt solid; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>$
    1,784</B></FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top: black 1pt solid; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>$
    2,574</B></FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: black 2pt double; text-align: center; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.5em; border-top: black 1pt solid; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>**</B></FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top: black 1pt solid; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>$
    37,466</B></FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top: black 1pt solid; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>$
    25,931</B></FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top: black 1pt solid; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>$
    11,535</B></FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.5em; border-top: black 1pt solid; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>44.5%</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.83em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.83em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.83em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="border-width: 1pt; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Marketing
    &amp; Events Group - International:</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="border-width: 1pt; text-align: left; padding-left: 0.83em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Segment
    operating income</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">$
    2,828</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">$
    3,247</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">$
    (419)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">-12.9%</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">$
    10,339</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">$
    9,068</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">$
    1,271</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">14.0%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="border-width: 1pt; text-align: left; padding-left: 0.83em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Depreciation
    expense</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">1,463</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">1,204</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">259</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">21.5%</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">5,234</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">5,066</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">168</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">3.3%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="border-width: 1pt; text-align: left; padding-left: 0.83em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Amortization
    expense</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">691</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">137</FONT></TD>
    <TD STYLE="border-style: black; border-width: 0pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">554</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">**</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">1,077</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">499</FONT></TD>
    <TD STYLE="border-style: black; border-width: 0pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">578</FONT></TD>
    <TD STYLE="border-style: black; border-width: 0pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: center; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">**</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="border-width: 1pt; text-align: left; padding-left: 0.83em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>Segment
    EBITDA</B></FONT></TD>
    <TD NOWRAP STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top: black 1pt solid; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>$
    4,982</B></FONT></TD>
    <TD STYLE="border-style: black; border-width: 0pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top: black 1pt solid; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>$
    4,588</B></FONT></TD>
    <TD STYLE="border-style: black; border-width: 0pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top: black 1pt solid; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>$
    394</B></FONT></TD>
    <TD STYLE="border-style: black; border-width: 0pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.5em; border-top: black 1pt solid; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>8.6%</B></FONT></TD>
    <TD STYLE="border-style: black; border-width: 0pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top: black 1pt solid; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>$
    16,650</B></FONT></TD>
    <TD STYLE="border-style: black; border-width: 0pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top: black 1pt solid; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>$
    14,633</B></FONT></TD>
    <TD STYLE="border-style: black; border-width: 0pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top: black 1pt solid; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>$
    2,017</B></FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.5em; border-top: black 1pt solid; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>13.8%</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.83em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="border-width: 1pt; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Travel
    &amp; Recreation Group:</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="border-width: 1pt; text-align: left; padding-left: 0.83em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Segment
    operating income (loss)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">$
    (2,827)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">$
    (3,162)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">$
    335</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">10.6%</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">$
    28,127</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">$
    21,819</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">$
    6,308</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">28.9%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="border-width: 1pt; text-align: left; padding-left: 0.83em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Depreciation
    expense</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">1,623</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">1,446</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">177</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">12.2%</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">7,866</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">6,910</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">956</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">13.8%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="border-width: 1pt; text-align: left; padding-left: 0.83em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Amortization
    expense</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">111</FONT></TD>
    <TD STYLE="border-style: black; border-width: 0pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">101</FONT></TD>
    <TD STYLE="border-style: black; border-width: 0pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">10</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">9.9%</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">366</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">409</FONT></TD>
    <TD STYLE="border-style: black; border-width: 0pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(43)</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">-10.5%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="border-width: 1pt; text-align: left; padding-left: 0.83em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>Segment
    EBITDA</B></FONT></TD>
    <TD STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top: black 1pt solid; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>$
    (1,093)</B></FONT></TD>
    <TD STYLE="border-style: black; border-width: 0pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top: black 1pt solid; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>$
    (1,615)</B></FONT></TD>
    <TD STYLE="border-style: black; border-width: 0pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top: black 1pt solid; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>$
    522</B></FONT></TD>
    <TD STYLE="border-style: black; border-width: 0pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.5em; border-top: black 1pt solid; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>32.3%</B></FONT></TD>
    <TD STYLE="border-style: black; border-width: 0pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top: black 1pt solid; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>$
    36,359</B></FONT></TD>
    <TD STYLE="border-style: black; border-width: 0pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top: black 1pt solid; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>$
    29,138</B></FONT></TD>
    <TD STYLE="border-style: black; border-width: 0pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.83em; border-top: black 1pt solid; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>$
    7,221</B></FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 2pt double; text-align: right; border-left-width: 1pt; padding-left: 0.5em; padding-right: 0.5em; border-top: black 1pt solid; border-right-width: 1pt; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>24.8%</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="6" STYLE="border-width: 1pt; text-align: left; padding-left: 0.5em; padding-right: 0.5em; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">**
    Change is greater than +/- 100 percent</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.5em; vertical-align: top; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(A)</FONT></TD>
    <TD COLSPAN="16" STYLE="border-width: 1pt; text-align: left; padding-left: 0.5em; padding-right: 0.5em; vertical-align: bottom; font-size: 10pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Income
    before other items, Adjusted EBITDA, Free Cash Flow and Segment EBITDA are supplemental to results presented under accounting
    principles generally accepted in the United States of America ("GAAP") and may not be comparable to similarly titled measures
    presented by other companies. These non-GAAP measures are used by management to facilitate period-to-period comparisons and
    analysis of Viad's operating performance and liquidity. Management believes these non-GAAP measures are useful to investors
    in trending, analyzing and benchmarking the performance and value of Viad's business. These non-GAAP measures should be considered
    in addition to, but not as a substitute for, other similar measures reported in accordance with GAAP.</FONT></TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="border-width: 1pt; text-align: right; padding-left: 0.5em; padding-right: 0.83em; vertical-align: top"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="16" STYLE="border-width: 1pt; text-align: left; padding-left: 0.5em; padding-right: 0.83em; vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
</TABLE>
<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; color: Red; margin-top: 0pt; margin-bottom: 0pt"></P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

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<P STYLE="margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Logo - http://photos.prnewswire.com/prnh/20111011/LA84399LOGO</FONT></P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

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`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
