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Acquisition of Businesses (Tables) | 12 Months Ended
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Dec. 31, 2017
Business Combinations [Abstract] |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The following table summarizes the final allocation of the aggregate purchase price paid and amounts of assets acquired and liabilities assumed based upon the estimated fair value at the date of acquisitions. The balances in the table below remain unchanged from the balances reflected in the Consolidated Balance Sheets in our Annual Report on Form 10-K for the year ended December 31, 2016.
|  | Maligne Lake Tours |  |  | CATC |  |  | ON Services |  |  | FlyOver Canada |
(in thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Purchase price paid as: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash |  | $ | 14,962 |  |  | $ | 45,000 |  |  | $ | 87,000 |  |  | $ | 50,920 |
Working capital adjustment |  |  | — |  |  |  | (35 | ) |  |  | 344 |  |  |  | — |
Contingent consideration |  |  | — |  |  |  | — |  |  |  | 540 |  |  |  | — |
Cash acquired |  |  | — |  |  |  | (2,196 | ) |  |  | — |  |  |  | (6 | )
Total purchase price, net of cash acquired |  |  | 14,962 |  |  |  | 42,769 |  |  |  | 87,884 |  |  |  | 50,914 |
Fair value of net assets acquired: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accounts receivable |  |  | — |  |  |  | 8 |  |  |  | 4,643 |  |  |  | — |
Inventories |  |  | 246 |  |  |  | 921 |  |  |  | 256 |  |  |  | 11 |
Prepaid expenses |  |  | 2 |  |  |  | 82 |  |  |  | 872 |  |  |  | 37 |
Property and equipment |  |  | 4,133 |  |  |  | 43,470 |  |  |  | 14,827 |  |  |  | 10,867 |
Intangible assets |  |  | 9,244 |  |  |  | 980 |  |  |  | 33,990 |  |  |  | 6,028 |
Total assets acquired |  |  | 13,625 |  |  |  | 45,461 |  |  |  | 54,588 |  |  |  | 16,943 |
Accounts payable |  |  | — |  |  |  | 306 |  |  |  | 992 |  |  |  | — |
Accrued liabilities |  |  | — |  |  |  | 434 |  |  |  | 564 |  |  |  | 118 |
Customer deposits |  |  | 15 |  |  |  | 1,952 |  |  |  | 851 |  |  |  | — |
Other liabilities |  |  | 240 |  |  |  | — |  |  |  | 274 |  |  |  | — |
Total liabilities acquired |  |  | 255 |  |  |  | 2,692 |  |  |  | 2,681 |  |  |  | 118 |
Total fair value of net assets acquired |  |  | 13,370 |  |  |  | 42,769 |  |  |  | 51,907 |  |  |  | 16,825 |
Excess purchase price over fair value of net assets acquired (“goodwill”) |  | $ | 1,592 |  |  | $ | — |  |  | $ | 35,977 |  |  | $ | 34,089 |
Schedule of Purchase Price Allocated to Intangible Assets Acquired | Following are the details of the purchase price allocated to the intangible assets acquired for the 2016 Acquisitions:
(in thousands, except weighted average life) |  | Maligne Lake Tours |  |  | CATC |  |  | ON Services |  |  | FlyOver Canada |
Customer relationships |  | $ | 788 |  |  | $ | 780 |  |  | $ | 27,620 |  |  | $ | 1,592 |
Operating licenses |  |  | 8,313 |  |  |  | — |  |  |  | — |  |  |  | — |
Trade name |  |  | 143 |  |  |  | 200 |  |  |  | 3,190 |  |  |  | 3,710 |
Non-compete agreements |  |  | — |  |  |  | — |  |  |  | 3,180 |  |  |  | 726 |
Fair value of intangible assets acquired |  | $ | 9,244 |  |  | $ | 980 |  |  | $ | 33,990 |  |  | $ | 6,028 |
Weighted average life |  | 26.7 years(1) |  |  | 5.8 years |  |  | 10.5 years |  |  | 9.4 years |
(1) | Largely attributable to operating licenses amortized over the remaining Parks Canada lease of 29 years.
Unaudited Pro Forma Results of Operations | The following table summarizes our unaudited pro forma results of operations assuming the 2016 Acquisitions had each been completed on January 1, 2015:
|  | Year Ended December 31, |
(in thousands, except per share data) |  | 2016 |  |  | 2015 |
Revenue |  | $ | 1,250,290 |  |  | $ | 1,183,656 |
Depreciation and amortization |  | $ | 52,074 |  |  | $ | 52,631 |
Income from continuing operations |  | $ | 43,727 |  |  | $ | 27,881 |
Net income attributable to Viad |  | $ | 42,517 |  |  | $ | 27,045 |
Diluted income per share |  | $ | 2.10 |  |  | $ | 1.35 |
Basic income per share |  | $ | 2.10 |  |  | $ | 1.35 |

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- Definition Tabular disclosure of the characteristics, including initial carrying value, residual amount, weighted average useful life, of finite-lived intangible assets acquired during the period by major class. A major class is composed of intangible assets that can be grouped together because they are similar, either by nature or by their use in the operations of the company. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=84161108&loc=d3e4845-128472 + Details
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