XML 95 R58.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Segment Information (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2018
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) |  | 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.
Reconciliation of assets from reportable segments |
|  | 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.
Financial information by major geographic area | 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 |

X
- Definition Tabular disclosure of all significant reconciling items in the reconciliation of total assets from reportable segments to the entity's consolidated assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8924-108599 + Details
Name: | us-gaap_ReconciliationOfAssetsFromSegmentToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8924-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599 + Details
Name: | us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e9038-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1) -URI http://asc.fasb.org/extlink&oid=115205541&loc=SL114868664-224227 + Details
Name: | us-gaap_ScheduleOfRevenuesFromExternalCustomersAndLongLivedAssetsByGeographicalAreasTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration