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Selected Quarterly Financial Information (Unaudited)
 12 Months Ended
Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract]  
Condensed Consolidated Quarterly Results (Unaudited)

Note 25. Selected Quarterly Financial Information (Unaudited)

The following table sets forth selected unaudited consolidated quarterly financial information:

 

 

 

2018

 

 

2017

 

(in thousands, except per share data)

 

First

Quarter

 

 

Second

Quarter

 

 

Third

Quarter

 

 

Fourth

Quarter

 

 

First

Quarter

 

 

Second

Quarter

 

 

Third

Quarter

 

 

Fourth

Quarter

 

Revenue:

 

$

277,428

 

 

$

363,677

 

 

$

358,163

 

 

$

296,916

 

 

$

325,807

 

 

$

364,774

 

 

$

339,099

 

 

$

277,285

 

Operating income (loss):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ongoing operations (1)

 

$

(10,989

)

 

$

38,402

 

 

$

56,551

 

 

$

4,018

 

 

$

13,067

 

 

$

39,536

 

 

$

47,265

 

 

$

(3,895

)

Corporate activities

 

 

(2,217

)

 

 

(2,535

)

 

 

(3,777

)

 

 

(2,464

)

 

 

(2,541

)

 

 

(2,920

)

 

 

(4,425

)

 

 

(2,510

)

Restructuring charges

 

 

(162

)

 

 

(662

)

 

 

(175

)

 

 

(588

)

 

 

(394

)

 

 

(168

)

 

 

(255

)

 

 

(187

)

Impairment recoveries (charges)

 

 

—

 

 

 

35

 

 

 

—

 

 

 

—

 

 

 

2,384

 

 

 

2,247

 

 

 

24,467

 

 

 

—

 

Operating income (loss)

 

$

(13,368

)

 

$

35,240

 

 

$

52,599

 

 

$

966

 

 

$

12,516

 

 

$

38,695

 

 

$

67,052

 

 

$

(6,592

)

Income (loss) from continuing operations attributable to Viad

 

$

(10,315

)

 

$

23,769

 

 

$

37,635

 

 

$

(3,400

)

 

$

7,593

 

 

$

27,438

 

 

$

44,758

 

 

$

(21,814

)

Net income (loss) attributable to Viad

 

$

(9,387

)

 

$

23,490

 

 

$

37,389

 

 

$

(2,322

)

 

$

6,777

 

 

$

27,947

 

 

$

44,657

 

 

$

(21,674

)

Diluted income (loss) per common share: (2)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Continuing operations attributable to Viad

 

$

(0.51

)

 

$

1.16

 

 

$

1.84

 

 

$

(0.17

)

 

$

0.37

 

 

$

1.35

 

 

$

2.19

 

 

$

(1.08

)

Net income (loss) attributable to Viad common stockholders

 

$

(0.47

)

 

$

1.15

 

 

$

1.83

 

 

$

(0.12

)

 

$

0.33

 

 

$

1.37

 

 

$

2.19

 

 

$

(1.07

)

 

(1)

Represents revenue less costs of services and cost of products sold.

(2)

The sum of quarterly income per share amounts may not equal annual income per share due to rounding.