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Condensed Consolidated Quarterly Results (Unaudited) (Tables)
 12 Months Ended
Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]  
Quarterly financial information

The following table sets forth selected unaudited consolidated quarterly financial information:

 

 

 

2015

 

 

2014

 

(in thousands, except per share data)

 

First

Quarter

 

 

Second

Quarter

 

 

Third

Quarter

 

 

Fourth

Quarter

 

 

First

Quarter

 

 

Second

Quarter

 

 

Third

Quarter

 

 

Fourth

Quarter

 

Revenue:

 

$

264,396

 

 

$

317,035

 

 

$

255,946

 

 

$

251,671

 

 

$

285,641

 

 

$

256,391

 

 

$

299,802

 

 

$

223,155

 

Operating income (loss):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ongoing operations (1)

 

$

(1,125

)

 

$

36,286

 

 

$

14,571

 

 

$

4,852

 

 

$

13,361

 

 

$

14,136

 

 

$

33,013

 

 

$

(644

)

Corporate activities

 

 

(2,810

)

 

 

(1,983

)

 

 

(1,354

)

 

 

(3,573

)

 

 

(2,039

)

 

 

(1,991

)

 

 

(3,468

)

 

 

(6,850

)

Restructuring (charges)

   recoveries

 

 

(216

)

 

 

(1,069

)

 

 

(257

)

 

 

(1,414

)

 

 

(211

)

 

 

(1,369

)

 

 

(234

)

 

 

177

 

Impairment charges

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(96

)

 

 

—

 

 

 

(884

)

 

 

—

 

 

 

—

 

Operating income (loss)

 

$

(4,151

)

 

$

33,234

 

 

$

12,960

 

 

$

(231

)

 

$

11,111

 

 

$

9,892

 

 

$

29,311

 

 

$

(7,317

)

Income (loss) from continuing

   operations attributable to Viad (2)

 

$

(1,908

)

 

$

22,311

 

 

$

7,393

 

 

$

(796

)

 

$

9,312

 

 

$

7,978

 

 

$

30,755

 

 

$

(7,255

)

Net income (loss) attributable to

   Viad (2)

 

$

(2,056

)

 

$

22,389

 

 

$

7,230

 

 

$

(957

)

 

$

21,882

 

 

$

6,742

 

 

$

29,620

 

 

$

(5,889

)

Basic and Diluted income (loss) per

   common share: (2) (3)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Continuing operations

   attributable to Viad

 

$

(0.10

)

 

$

1.11

 

 

$

0.37

 

 

$

(0.04

)

 

$

0.46

 

 

$

0.39

 

 

$

1.53

 

 

$

(0.37

)

Net income (loss) attributable to

   Viad common stockholders

 

$

(0.10

)

 

$

1.12

 

 

$

0.36

 

 

$

(0.05

)

 

$

1.08

 

 

$

0.33

 

 

$

1.48

 

 

$

(0.30

)

 

(1)

Represents revenue less costs of services and products sold.

(2)

Includes $10.1 million benefit associated with the 2014 third quarter release of the valuation allowance relating to foreign income tax credits.

(3)

The sum of quarterly income per share amounts may not equal annual income per share due to rounding.