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Stockholders' Equity
 6 Months Ended
Jun. 30, 2017
Equity [Abstract]  
Stockholders' Equity

Note 13. Stockholders’ Equity

The following represents a reconciliation of the carrying amounts of stockholders’ equity attributable to Viad and the noncontrolling interest for the six months ended June 30, 2017 and 2016:

 

(in thousands)

 

Total Viad

Stockholders’

Equity

 

 

Noncontrolling

Interest

 

 

Total

Stockholders’

Equity

 

Balance at December 31, 2016

 

$

357,355

 

 

$

13,283

 

 

$

370,638

 

Net income (loss)

 

 

34,724

 

 

 

(337

)

 

 

34,387

 

Dividends on common stock ($0.20 per share)

 

 

(4,077

)

 

 

—

 

 

 

(4,077

)

Common stock purchased for treasury

 

 

(1,204

)

 

 

—

 

 

 

(1,204

)

Employee benefit plans

 

 

3,982

 

 

 

—

 

 

 

3,982

 

Unrealized foreign currency translation adjustment

 

 

9,705

 

 

 

—

 

 

 

9,705

 

Other changes to AOCI

 

 

243

 

 

 

 

 

 

 

243

 

Other

 

 

47

 

 

 

—

 

 

 

47

 

Balance at June 30, 2017

 

$

400,775

 

 

$

12,946

 

 

$

413,721

 

 

(in thousands)

 

Total Viad

Stockholders’

Equity

 

 

Noncontrolling

Interest

 

 

Total

Stockholders’

Equity

 

Balance at December 31, 2015

 

$

322,581

 

 

$

12,757

 

 

$

335,338

 

Net income (loss)

 

 

12,526

 

 

 

(227

)

 

 

12,299

 

Dividends on common stock ($0.20 per share)

 

 

(4,050

)

 

 

—

 

 

 

(4,050

)

Common stock purchased for treasury

 

 

(651

)

 

 

—

 

 

 

(651

)

Employee benefit plans

 

 

3,145

 

 

 

—

 

 

 

3,145

 

Unrealized foreign currency translation adjustment

 

 

4,572

 

 

 

—

 

 

 

4,572

 

Tax benefits from share-based compensation

 

 

39

 

 

 

—

 

 

 

39

 

Other changes to AOCI

 

 

105

 

 

 

—

 

 

 

105

 

Other

 

 

(17

)

 

 

—

 

 

 

(17

)

Balance at June 30, 2016

 

$

338,250

 

 

$

12,530

 

 

$

350,780

 

 

Changes in AOCI by component are as follows:

 

(in thousands)

 

Unrealized Gains

on Investments

 

 

Cumulative

Foreign Currency Translation Adjustments

 

 

Unrecognized Net Actuarial Loss and Prior Service Credit, Net

 

 

Accumulated

Other

Comprehensive

Income (Loss)

 

Balance at December 31, 2016

 

$

421

 

 

$

(29,084

)

 

$

(10,728

)

 

$

(39,391

)

Other comprehensive income before reclassifications

 

 

124

 

 

 

9,705

 

 

 

—

 

 

 

9,829

 

Amounts reclassified from AOCI, net of tax

 

 

(29

)

 

 

—

 

 

 

148

 

 

 

119

 

Net other comprehensive income

 

 

95

 

 

 

9,705

 

 

 

148

 

 

 

9,948

 

Balance at June 30, 2017

 

$

516

 

 

$

(19,379

)

 

$

(10,580

)

 

$

(29,443

)

 

The following table presents information about reclassification adjustments out of AOCI:

 

 

 

Six Months Ended June 30,

 

 

Affected Line Item in the

Statement Where Net

Income is Presented

(in thousands)

 

2017

 

 

2016

 

 

 

Unrealized gains on investments

 

$

(47

)

 

$

(25

)

 

Interest income

Tax effect

 

 

18

 

 

 

9

 

 

Income taxes

 

 

$

(29

)

 

$

(16

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Recognized net actuarial loss(1)

 

$

439

 

 

$

388

 

 

 

Amortization of prior service credit(1)

 

 

(216

)

 

 

(251

)

 

 

Tax effect

 

 

(75

)

 

 

(52

)

 

Income taxes

 

 

$

148

 

 

$

85

 

 

 

 

(1)

Amount included in pension expense. Refer to Note 16 – Pension and Postretirement Benefits.