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Goodwill and Other Intangible Assets | 12 Months Ended
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Dec. 31, 2015
Goodwill And Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets | Note 8. Goodwill and Other Intangible Assets The changes in the carrying amount of goodwill were as follows:
(in thousands) |  | Marketing & Events U.S. Segment |  |  | Marketing & Events International Segment |  |  | Travel & Recreation Group |  |  | Total |
Balance at December 31, 2013 |  | $ | 62,686 |  |  | $ | 22,611 |  |  | $ | 44,246 |  |  | $ | 129,543 |
Acquisition of Blitz |  |  | — |  |  |  | 13,504 |  |  |  | — |  |  |  | 13,504 |
Acquisition of the West Glacier Properties |  |  | — |  |  |  | — |  |  |  | 1,268 |  |  |  | 1,268 |
Acquisition of onPeak LLC |  |  | 27,406 |  |  |  | — |  |  |  | — |  |  |  | 27,406 |
Acquisition of Travel Planners, Inc. |  |  | 20,526 |  |  |  | — |  |  |  | — |  |  |  | 20,526 |
Acquisition of N200 |  |  | — |  |  |  | 8,563 |  |  |  | — |  |  |  | 8,563 |
Foreign currency translation adjustments |  |  | — |  |  |  | (2,457 | ) |  |  | (4,156 | ) |  |  | (6,613 | )
Balance at December 31, 2014 |  |  | 110,618 |  |  |  | 42,221 |  |  |  | 41,358 |  |  |  | 194,197 |
Purchase price allocation adjustments |  |  | 1,682 |  |  |  | 475 |  |  |  | — |  |  |  | 2,157 |
Foreign currency translation adjustments |  |  | — |  |  |  | (3,488 | ) |  |  | (7,070 | ) |  |  | (10,558 | )
Disposals(1) |  |  | — |  |  |  | (573 | ) |  |  | — |  |  |  | (573 | )
Balance at December 31, 2015 |  | $ | 112,300 |  |  | $ | 38,635 |  |  | $ | 34,288 |  |  | $ | 185,223 |
(1) | During 2015, the Company partially disposed of certain operations associated with a venue services contract within the Marketing & Events International Segment. Accordingly, goodwill of $0.6 million was included in the carrying amount of those operations, and a loss of $23,000 was recorded in income from continuing operations related to the disposal.
The following table summarizes goodwill by reporting unit and segment:
|  | December 31, |
(in thousands) |  | 2015 |  |  | 2014 |
Marketing & Events Group: |  |  |  |  |  |  |  |
Marketing & Events U.S. Segment |  | $ | 112,300 |  |  | $ | 110,618 |
Marketing & Events International Segment: |  |  |  |  |  |  |  |
GES EMEA |  |  | 32,064 |  |  |  | 34,396 |
GES Canada |  |  | 6,571 |  |  |  | 7,825 |
Total Marketing & Events Group |  |  | 150,935 |  |  |  | 152,839 |
Travel & Recreation Group: |  |  |  |  |  |  |  |
Brewster |  |  | 29,836 |  |  |  | 36,906 |
Alaska Denali Travel |  |  | 3,184 |  |  |  | 3,184 |
Glacier Park |  |  | 1,268 |  |  |  | 1,268 |
Total Travel & Recreation Group |  |  | 34,288 |  |  |  | 41,358 |
Total Goodwill |  | $ | 185,223 |  |  | $ | 194,197 |
Goodwill is tested for impairment on an annual basis as of October 31, and between annual tests if an event occurs or circumstances change that would more-likely-than-not reduce the fair value of a reporting unit below its carrying value. For the Marketing & Events U.S. Segment, goodwill is assigned to and tested at the operating segment level. For the Marketing & Events International Segment, goodwill is assigned to and tested based on the segment’s geographical operations (GES EMEA and GES Canada). For the Travel & Recreation Group, impairment testing is performed at the reporting unit level (Brewster, Alaska Denali Travel, and Glacier Park). As a result of the Company’s most recent impairment analysis performed as of October 31, 2015, the excess of the estimated fair value over the carrying value (expressed as a percentage of the carrying amounts) under step one of the impairment test for each of the Marketing & Events Group’s reporting units in the U.S., GES EMEA, and GES Canada was 146 percent, 132 percent, and 91 percent, respectively. For the Brewster, Alaska Denali Travel, and Glacier Park reporting units, the excess of the estimated fair value over the carrying value was 146 percent, 48 percent, and 10 percent, respectively. Viad’s accumulated goodwill impairments were $229.7 million for both 2015 and 2014. Intangible assets consisted of the following as of the respective periods:
|  | December 31, 2015 |
(in thousands) |  | Gross Carrying Value |  |  | Accumulated Amortization |  |  | Net Carrying Value |
Amortized intangible assets: |  |  |  |  |  |  |  |  |  |  |  |
Customer contracts and relationships |  | $ | 38,342 |  |  | $ | (7,814 | ) |  | $ | 30,528 |
Other |  |  | 4,401 |  |  |  | (2,067 | ) |  |  | 2,334 |
Total amortized intangible assets |  |  | 42,743 |  |  |  | (9,881 | ) |  |  | 32,862 |
Unamortized intangible assets: |  |  |  |  |  |  |  |  |  |  |  |
Business licenses |  |  | 460 |  |  |  | — |  |  |  | 460 |
Total |  | $ | 43,203 |  |  | $ | (9,881 | ) |  | $ | 33,322 |
|  | December 31, 2014 |
(in thousands) |  | Gross Carrying Value |  |  | Accumulated Amortization |  |  | Net Carrying Value |
Amortized intangible assets: |  |  |  |  |  |  |  |  |  |  |  |
Customer contracts and relationships |  | $ | 41,624 |  |  | $ | (2,961 | ) |  | $ | 38,663 |
Other |  |  | 4,576 |  |  |  | (732 | ) |  |  | 3,844 |
Total amortized intangible assets |  |  | 46,200 |  |  |  | (3,693 | ) |  |  | 42,507 |
Unamortized intangible assets: |  |  |  |  |  |  |  |  |  |  |  |
Business licenses |  |  | 460 |  |  |  | — |  |  |  | 460 |
Total |  | $ | 46,660 |  |  | $ | (3,693 | ) |  | $ | 42,967 |
Intangible asset amortization expense was $7.2 million, $2.7 million, and $1.3 million for 2015, 2014, and 2013, respectively. The weighted-average amortization period of customer contracts and relationships and other amortizable intangible assets is approximately 8.2 years and 3.1 years, respectively. Estimated future amortization expense related to amortized intangible assets is as follows:
(in thousands) |  |  |  |
Year ending December 31, |  |  |  |
2016 |  | $ | 6,303 |
2017 |  |  | 5,492 |
2018 |  |  | 4,536 |
2019 |  |  | 4,155 |
2020 |  |  | 3,616 |
Thereafter |  |  | 8,760 |
Total |  | $ | 32,862 |

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- Definition The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16373-109275 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16265-109275 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16323-109275 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13854-109267 + Details
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