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Segment Information
 3 Months Ended
Mar. 31, 2017
Segment Reporting [Abstract]  
Segment Information

Note 19. Segment Information

Viad measures profit and performance of its operations on the basis of segment operating income (loss) which excludes restructuring charges and recoveries and impairment charges and recoveries. Intersegment sales are eliminated in consolidation and intersegment transfers are not significant. Corporate activities include expenses not allocated to operations. Depreciation and amortization and share-based compensation expense are the only significant non-cash items for the reportable segments.

Viad’s reportable segments, with reconciliations to consolidated totals, are as follows:

 

 

 

Three Months Ended

 

 

 

March 31,

 

(in thousands)

 

2017

 

 

2016

 

Revenue:

 

 

 

 

 

 

 

 

GES:

 

 

 

 

 

 

 

 

U.S.

 

$

257,211

 

 

$

183,737

 

International

 

 

63,899

 

 

 

54,081

 

Intersegment eliminations

 

 

(3,239

)

 

 

(1,682

)

Total GES

 

 

317,871

 

 

 

236,136

 

Pursuit

 

 

7,936

 

 

 

5,226

 

Total revenue

 

$

325,807

 

 

$

241,362

 

Segment operating income (loss):

 

 

 

 

 

 

 

 

GES:

 

 

 

 

 

 

 

 

U.S.

 

$

20,974

 

 

$

862

 

International

 

 

2,022

 

 

 

(569

)

Total GES

 

 

22,996

 

 

 

293

 

Pursuit

 

 

(10,275

)

 

 

(6,573

)

Segment operating income (loss)

 

 

12,721

 

 

 

(6,280

)

Corporate eliminations (1)

 

 

16

 

 

 

—

 

Corporate activities

 

 

(2,610

)

 

 

(1,911

)

Operating income (loss)

 

 

10,127

 

 

 

(8,191

)

Interest income

 

 

58

 

 

 

56

 

Interest expense

 

 

(2,105

)

 

 

(1,284

)

Restructuring charges:

 

 

 

 

 

 

 

 

U.S.

 

 

(24

)

 

 

(293

)

International

 

 

(233

)

 

 

(215

)

Pursuit

 

 

—

 

 

 

(92

)

Corporate

 

 

(137

)

 

 

(392

)

Impairment recoveries:

 

 

 

 

 

 

 

 

Pursuit

 

 

2,384

 

 

 

—

 

Income (loss) from continuing operations before income taxes

 

$

10,070

 

 

$

(10,411

)

 

(1)

Represents the elimination of depreciation expense recorded by Pursuit associated with previously eliminated intercompany profit realized by GES for renovations to Pursuit’s Banff Gondola.