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Segment Information | 12 Months Ended
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Dec. 31, 2018
Segment Reporting [Abstract] |
Segment Information | Note 23. Segment Information We measure the profit and performance of our operations on the basis of segment operating income 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. Our reportable segments, with reconciliations to consolidated totals, are as follows:
|  | Year Ended December 31, |
(in thousands) |  | 2018 |  |  | 2017 |  |  | 2016 |
Revenue: |  |  |  |  |  |  |  |  |  |  |  |
GES: |  |  |  |  |  |  |  |  |  |  |  |
U.S. |  | $ | 847,241 |  |  | $ | 872,154 |  |  | $ | 826,408 |
International |  |  | 281,145 |  |  |  | 282,712 |  |  |  | 248,503 |
Intersegment eliminations |  |  | (17,489 | ) |  |  | (21,769 | ) |  |  | (20,172 | )
Total GES |  |  | 1,110,897 |  |  |  | 1,133,097 |  |  |  | 1,054,739 |
Pursuit |  |  | 185,287 |  |  |  | 173,868 |  |  |  | 153,364 |
Corporate eliminations (1) |  |  | — |  |  |  | — |  |  |  | (3,133 | )
Total revenue |  | $ | 1,296,184 |  |  | $ | 1,306,965 |  |  | $ | 1,204,970 |
Segment operating income: |  |  |  |  |  |  |  |  |  |  |  |
GES: |  |  |  |  |  |  |  |  |  |  |  |
U.S. |  | $ | 25,779 |  |  | $ | 35,219 |  |  | $ | 41,358 |
International |  |  | 13,823 |  |  |  | 15,512 |  |  |  | 9,737 |
Total GES |  |  | 39,602 |  |  |  | 50,731 |  |  |  | 51,095 |
Pursuit |  |  | 48,915 |  |  |  | 47,867 |  |  |  | 35,759 |
Segment operating income |  |  | 88,517 |  |  |  | 98,598 |  |  |  | 86,854 |
Corporate eliminations (1) |  |  | 67 |  |  |  | 67 |  |  |  | (743 | )
Corporate activities |  |  | (10,993 | ) |  |  | (12,396 | ) |  |  | (9,592 | )
Operating income |  |  | 77,591 |  |  |  | 86,269 |  |  |  | 76,519 |
Interest income |  |  | 354 |  |  |  | 319 |  |  |  | 1,165 |
Interest expense |  |  | (9,640 | ) |  |  | (8,304 | ) |  |  | (5,898 | )
Other expense (2) |  |  | (1,744 | ) |  |  | (2,028 | ) |  |  | (1,656 | )
Restructuring recoveries (charges): |  |  |  |  |  |  |  |  |  |  |  |
GES U.S. |  |  | (408 | ) |  |  | 354 |  |  |  | (2,893 | )
GES International |  |  | (1,049 | ) |  |  | (1,061 | ) |  |  | (1,559 | )
Pursuit |  |  | (140 | ) |  |  | (86 | ) |  |  | (171 | )
Corporate |  |  | 10 |  |  |  | (211 | ) |  |  | (560 | )
Impairment recoveries (charges): |  |  |  |  |  |  |  |  |  |  |  |
Pursuit |  |  | 35 |  |  |  | 29,098 |  |  |  | (218 | )
Income from continuing operations before income taxes |  | $ | 65,009 |  |  | $ | 104,350 |  |  | $ | 64,729 |
(1) | Corporate eliminations during 2018 and 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.
(2) | We adopted ASU 2017-07 on January 1, 2018, which requires retrospective adoption. As a result, we recorded the nonservice cost component of net periodic benefit cost within other expense for the year ended December 31, 2018, and we reclassified $2.0 million from operating expenses to other expense for 2017 and $1.7 million for 2016 to conform with current period presentation. Refer to Note 1 – Overview and Summary of Significant Accounting Policies for additional details on the impact of this adoption on our Consolidated Statements of Operations.
|  | December 31, |
(in thousands) |  | 2018 |  |  | 2017 |  |  | 2016 |
Assets: |  |  |  |  |  |  |  |  |  |  |  |
GES: |  |  |  |  |  |  |  |  |  |  |  |
U.S. |  | $ | 377,801 |  |  | $ | 380,909 |  |  | $ | 380,951 |
International |  |  | 140,481 |  |  |  | 135,917 |  |  |  | 109,705 |
Pursuit |  |  | 357,630 |  |  |  | 350,256 |  |  |  | 301,941 |
Corporate and other |  |  | 46,629 |  |  |  | 52,817 |  |  |  | 77,219 |
|  | $ | 922,541 |  |  | $ | 919,899 |  |  | $ | 869,816 |
Depreciation and amortization: |  |  |  |  |  |  |  |  |  |  |  |
GES: |  |  |  |  |  |  |  |  |  |  |  |
U.S. |  | $ | 29,711 |  |  | $ | 29,088 |  |  | $ | 21,473 |
International |  |  | 8,215 |  |  |  | 8,176 |  |  |  | 8,092 |
Pursuit |  |  | 18,690 |  |  |  | 17,653 |  |  |  | 12,967 |
Corporate and other |  |  | 226 |  |  |  | 197 |  |  |  | 211 |
|  | $ | 56,842 |  |  | $ | 55,114 |  |  | $ | 42,743 |
Capital expenditures: |  |  |  |  |  |  |  |  |  |  |  |
GES: |  |  |  |  |  |  |  |  |  |  |  |
U.S. |  | $ | 18,453 |  |  | $ | 17,337 |  |  | $ | 14,291 |
International |  |  | 7,875 |  |  |  | 8,084 |  |  |  | 5,033 |
Pursuit |  |  | 56,865 |  |  |  | 30,786 |  |  |  | 31,861 |
Corporate and other(1) |  |  | 152 |  |  |  | 414 |  |  |  | (1,370 | )
|  | $ | 83,345 |  |  | $ | 56,621 |  |  | $ | 49,815 |
(1) | The 2016 amount includes an intercompany elimination for work completed by GES on renovations to Pursuit’s Banff Gondola.
Geographic Areas Our foreign operations are primarily in Canada, the United Kingdom, the Netherlands, Germany, and to a lesser extent, in certain other countries. GES revenue is designated as domestic or foreign based on the originating location of the product or service. Long-lived assets are attributed to domestic or foreign based principally on the physical location of the assets. Long-lived assets consist of “Property and equipment, net” and “Other investments and assets.” The table below presents the financial information by major geographic area:
|  | December 31, |
(in thousands) |  | 2018 |  |  | 2017 |  |  | 2016 |
Revenue: |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 894,442 |  |  | $ | 913,210 |  |  | $ | 855,304 |
EMEA |  |  | 218,247 |  |  |  | 209,824 |  |  |  | 205,028 |
Canada |  |  | 183,495 |  |  |  | 183,931 |  |  |  | 144,638 |
Total revenue |  | $ | 1,296,184 |  |  | $ | 1,306,965 |  |  | $ | 1,204,970 |
Long-lived assets: |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 182,140 |  |  | $ | 180,345 |  |  | $ | 182,611 |
EMEA |  |  | 48,553 |  |  |  | 43,630 |  |  |  | 37,083 |
Canada |  |  | 146,064 |  |  |  | 129,108 |  |  |  | 104,461 |
Total long-lived assets |  | $ | 376,757 |  |  | $ | 353,083 |  |  | $ | 324,155 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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