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Segment Information (Tables) | 12 Months Ended
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Dec. 31, 2017
Segment Reporting [Abstract] |
Reconciliation of income statement items from reportable segments | Our reportable segments, with reconciliations to consolidated totals, are as follows:
|  | Year Ended December 31, |
(in thousands) |  | 2017 |  |  | 2016 |  |  | 2015 |
Revenue: |  |  |  |  |  |  |  |  |  |  |  |
GES: |  |  |  |  |  |  |  |  |  |  |  |
U.S. |  | $ | 872,154 |  |  | $ | 826,408 |  |  | $ | 720,882 |
International |  |  | 282,712 |  |  |  | 248,503 |  |  |  | 272,634 |
Intersegment eliminations |  |  | (21,769 | ) |  |  | (20,172 | ) |  |  | (16,638 | )
Total GES |  |  | 1,133,097 |  |  |  | 1,054,739 |  |  |  | 976,878 |
Pursuit |  |  | 173,868 |  |  |  | 153,364 |  |  |  | 112,170 |
Corporate eliminations (1) |  |  | — |  |  |  | (3,133 | ) |  |  | — |
Total revenue |  | $ | 1,306,965 |  |  | $ | 1,204,970 |  |  | $ | 1,089,048 |
Segment operating income: |  |  |  |  |  |  |  |  |  |  |  |
GES: |  |  |  |  |  |  |  |  |  |  |  |
U.S. |  | $ | 34,494 |  |  | $ | 40,524 |  |  | $ | 14,563 |
International |  |  | 15,475 |  |  |  | 9,699 |  |  |  | 12,211 |
Total GES |  |  | 49,969 |  |  |  | 50,223 |  |  |  | 26,774 |
Pursuit |  |  | 47,082 |  |  |  | 35,705 |  |  |  | 27,810 |
Segment operating income |  |  | 97,051 |  |  |  | 85,928 |  |  |  | 54,584 |
Corporate eliminations (1) |  |  | 67 |  |  |  | (743 | ) |  |  | — |
Corporate activities |  |  | (12,877 | ) |  |  | (10,322 | ) |  |  | (9,720 | )
Operating income |  |  | 84,241 |  |  |  | 74,863 |  |  |  | 44,864 |
Interest income |  |  | 319 |  |  |  | 1,165 |  |  |  | 658 |
Interest expense |  |  | (8,304 | ) |  |  | (5,898 | ) |  |  | (4,535 | )
Restructuring recoveries (charges): |  |  |  |  |  |  |  |  |  |  |  |
GES U.S. |  |  | 354 |  |  |  | (2,893 | ) |  |  | (541 | )
GES International |  |  | (1,061 | ) |  |  | (1,559 | ) |  |  | (1,813 | )
Pursuit |  |  | (86 | ) |  |  | (171 | ) |  |  | (200 | )
Corporate |  |  | (211 | ) |  |  | (560 | ) |  |  | (402 | )
Impairment recoveries (charges): |  |  |  |  |  |  |  |  |  |  |  |
Pursuit |  |  | 29,098 |  |  |  | (218 | ) |  |  | (96 | )
Income from continuing operations before income taxes |  | $ | 104,350 |  |  | $ | 64,729 |  |  | $ | 37,935 |
(1) | Corporate eliminations during 2017 represent the elimination of depreciation expense recorded by Pursuit associated with previously eliminated intercompany profit realized by GES for renovations to Pursuit’s Banff Gondola. Corporate eliminations recorded during 2016 represent the elimination of intercompany revenue and profit realized by GES for work completed on renovations to Pursuit’s Banff Gondola.
Reconciliation of assets from reportable segments |
|  | December 31, |
(in thousands) |  | 2017 |  |  | 2016 |  |  | 2015 |
Assets: |  |  |  |  |  |  |  |  |  |  |  |
GES: |  |  |  |  |  |  |  |  |  |  |  |
U.S. |  | $ | 380,909 |  |  | $ | 380,951 |  |  | $ | 294,618 |
International |  |  | 135,917 |  |  |  | 109,705 |  |  |  | 115,494 |
Pursuit |  |  | 350,256 |  |  |  | 301,941 |  |  |  | 195,527 |
Corporate and other |  |  | 52,817 |  |  |  | 77,219 |  |  |  | 85,084 |
|  | $ | 919,899 |  |  | $ | 869,816 |  |  | $ | 690,723 |
Depreciation and amortization: |  |  |  |  |  |  |  |  |  |  |  |
GES: |  |  |  |  |  |  |  |  |  |  |  |
U.S. |  | $ | 29,088 |  |  | $ | 21,473 |  |  | $ | 18,658 |
International |  |  | 8,176 |  |  |  | 8,092 |  |  |  | 8,435 |
Pursuit |  |  | 17,653 |  |  |  | 12,967 |  |  |  | 7,974 |
Corporate and other |  |  | 197 |  |  |  | 211 |  |  |  | 164 |
|  | $ | 55,114 |  |  | $ | 42,743 |  |  | $ | 35,231 |
Capital expenditures: |  |  |  |  |  |  |  |  |  |  |  |
GES: |  |  |  |  |  |  |  |  |  |  |  |
U.S. |  | $ | 17,337 |  |  | $ | 14,291 |  |  | $ | 8,066 |
International |  |  | 8,084 |  |  |  | 5,033 |  |  |  | 8,366 |
Pursuit |  |  | 30,786 |  |  |  | 31,861 |  |  |  | 13,107 |
Corporate and other(1) |  |  | 414 |  |  |  | (1,370 | ) |  |  | 300 |
|  | $ | 56,621 |  |  | $ | 49,815 |  |  | $ | 29,839 |
(1) | The 2016 amount includes an intercompany elimination for work completed by GES on renovations to Pursuit’s Banff Gondola.
Financial information by major geographic area | The table below presents the financial information by major geographic area:
|  | December 31, |
(in thousands) |  | 2017 |  |  | 2016 |  |  | 2015 |
Revenue: |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 913,210 |  |  | $ | 855,304 |  |  | $ | 726,436 |
EMEA |  |  | 209,824 |  |  |  | 205,028 |  |  |  | 220,046 |
Canada |  |  | 183,931 |  |  |  | 144,638 |  |  |  | 142,566 |
Total revenue |  | $ | 1,306,965 |  |  | $ | 1,204,970 |  |  | $ | 1,089,048 |
Long-lived assets: |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 180,345 |  |  | $ | 182,611 |  |  | $ | 139,479 |
EMEA |  |  | 43,630 |  |  |  | 37,083 |  |  |  | 15,714 |
Canada |  |  | 129,108 |  |  |  | 104,461 |  |  |  | 71,677 |
Total long-lived assets |  | $ | 353,083 |  |  | $ | 324,155 |  |  | $ | 226,870 |

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