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Subsequent Event | 12 Months Ended
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Dec. 31, 2015
Subsequent Events [Abstract] |
Subsequent Events | Note 26. Subsequent Events Acquisition of the Maligne Lake Tours Business On January 4, 2016, Viad acquired the business of Maligne Tours Ltd. (“Maligne Lake Tours”), which provides interpretive boat tours and related services at Maligne Lake, the largest lake in Jasper National Park. Maligne Lake Tours has seven tour boats operating seasonally from May through October, a marina and day lodge that offers food and beverage and retail services, a historic chalet complex that is available for catered special events, and a historic boat house that offers canoes, kayaks, and rowboats for rental. The purchase price was approximately $20.9 million Canadian dollars (approximately $15.0 million U.S. dollars) in cash, subject to certain adjustments. Amendment to Credit Agreement Effective February 24, 2016, Viad executed the Credit Agreement Amendment to the Company’s Credit Agreement, to modify the terms of the financial covenants and the negative covenants under the Credit Agreement related to acquisitions, restricted payments, and indebtedness. The Credit Agreement, as amended by the Credit Agreement Amendment, includes the following revisions:
| · | Acquisitions in the same or related lines of business are permitted if the leverage ratio, on a pro forma basis, is less than or equal to 3.00 to 1.00;
| · | Unlimited stock dividends, distributions, and repurchases if the leverage ratio is less than or equal to 2.50 to 1.00, otherwise limited to $20 million in any calendar year;
| · | Maintain a leverage ratio of not greater than 3.50 to 1.00;
| · | Maintain a fixed charge coverage ratio of not less than 1.75 to 1.00; and
| · | Unlimited unsecured indebtedness if the leverage ratio is less than or equal to 3.00 to 1.00.
Refer to Note 11 – Debt and Capital Lease Obligations for further information.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References No definition available. + Details
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