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Acquisition of Businesses (Tables)

9 Months Ended

Sep. 30, 2019

Business Combinations [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table summarizes the preliminary recording of the fair value allocation of the assets acquired and liabilities assumed as of the date of acquisition. During the three months ended September 30, 2019, we made certain purchase accounting measurement period adjustments based on refinements to assumptions used in the preliminary valuation. The purchase price allocation is not yet final and is subject to change within the measurement period (up to one year from the acquisition date) as the valuation of property and equipment, intangible assets, and working capital is finalized.

(in thousands)
Purchase price paid as:
Cash						$	70,975
Cash - Additional purchase price paid for tax liability							4,862
Net working capital adjustment							18
Consideration transferred							75,855
Right to manage							(1,276	)
Purchase price, net							74,579
Fair value of net assets acquired:
Accounts receivable		$	333
Inventories			152
Prepaid expenses			276
Property and equipment			101,840
Intangible assets			21,982
Total assets acquired			124,583
Accounts payable			329
Advanced deposits payable			400
Deferred tax liability			11,463
Other liabilities			16
Total liabilities assumed			12,208
Noncontrolling interest equity			49,719
Total fair value of net assets acquired							62,656
Excess purchase price over fair value of net assets acquired (“goodwill”)						$	11,923

Schedule of Proforma Results of Operations

The following table summarizes the unaudited pro forma results of operations attributable to Viad, assuming the Mountain Park Lodges acquisition had been completed on January 1, 2018:

		Three Months Ended								Nine Months Ended
(in thousands, except per share data)		September 30, 2019				September 30, 2018				September 30, 2019				September 30, 2018
Revenue		$	362,488			$	370,025			$	1,058,622			$	1,022,463
Depreciation and amortization		$	16,347			$	17,529			$	46,695			$	48,455
Income (loss) from continuing operations		$	34,607			$	42,500			$	28,709			$	53,651
Net income (loss) attributable to Viad		$	31,416			$	39,549			$	26,765			$	52,334
Diluted income (loss) per share		$	1.53			$	1.94			$	1.29			$	2.55
Basic income (loss) per share		$	1.53			$	1.94			$	1.29			$	2.56

X

- Definition

Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(2)
-URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(3)
-URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463

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- References

No definition available.

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X

- 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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=116869197&loc=d3e4845-128472

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