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Segment Information
 6 Months Ended
Jun. 30, 2020
Segment Reporting [Abstract]  
Segment Information

Note 22. Segment Information

We measure the profit and performance of our operations on the basis of segment operating income (loss), which excludes restructuring charges and recoveries and impairment charges. 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:

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

(in thousands)

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Revenue:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

GES:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

GES North America

 

$

18,776

 

 

$

283,682

 

 

$

270,534

 

 

$

506,923

 

GES EMEA

 

 

7,808

 

 

 

69,505

 

 

 

50,524

 

 

 

123,881

 

Intersegment eliminations

 

 

(985

)

 

 

(6,317

)

 

 

(2,974

)

 

 

(9,007

)

Total GES

 

 

25,599

 

 

 

346,870

 

 

 

318,084

 

 

 

621,797

 

Pursuit

 

 

5,264

 

 

 

55,409

 

 

 

18,787

 

 

 

66,076

 

Total revenue

 

$

30,863

 

 

$

402,279

 

 

$

336,871

 

 

$

687,873

 

Segment operating income (loss):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

GES:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

GES North America

 

$

(29,174

)

 

$

30,589

 

 

$

(17,208

)

 

$

31,197

 

GES EMEA

 

 

(2,886

)

 

 

4,664

 

 

 

(3,994

)

 

 

5,799

 

Total GES

 

 

(32,060

)

 

 

35,253

 

 

 

(21,202

)

 

 

36,996

 

Pursuit

 

 

(17,692

)

 

 

11,313

 

 

 

(37,966

)

 

 

(1,682

)

Segment operating loss

 

 

(49,752

)

 

 

46,566

 

 

 

(59,168

)

 

 

35,314

 

Corporate eliminations (1)

 

 

16

 

 

 

17

 

 

 

32

 

 

 

33

 

Corporate activities

 

 

(2,468

)

 

 

(3,282

)

 

 

(3,257

)

 

 

(5,115

)

Operating loss

 

 

(52,204

)

 

 

43,301

 

 

 

(62,393

)

 

 

30,232

 

Interest income

 

 

176

 

 

 

83

 

 

 

255

 

 

 

181

 

Interest expense

 

 

(5,186

)

 

 

(2,957

)

 

 

(9,204

)

 

 

(5,872

)

Multi-employer pension plan withdrawal

 

 

(462

)

 

 

(15,508

)

 

 

(462

)

 

 

(15,508

)

Other expense

 

 

(265

)

 

 

(456

)

 

 

(684

)

 

 

(911

)

Restructuring recoveries (charges):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

GES North America

 

 

(46

)

 

 

(4,275

)

 

 

33

 

 

 

(4,258

)

GES EMEA

 

 

17

 

 

 

(80

)

 

 

(718

)

 

 

(742

)

Pursuit

 

 

(56

)

 

 

—

 

 

 

(57

)

 

 

—

 

Corporate

 

 

(175

)

 

 

(100

)

 

 

(369

)

 

 

(143

)

Impairment charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

GES North America

 

 

(113,513

)

 

 

—

 

 

 

(171,094

)

 

 

—

 

GES EMEA

 

 

(507

)

 

 

—

 

 

 

(29,549

)

 

 

—

 

Pursuit

 

 

—

 

 

 

—

 

 

 

(1,757

)

 

 

—

 

Legal settlement:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

GES

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(8,500

)

Loss from continuing operations before income taxes

 

$

(172,221

)

 

$

20,008

 

 

$

(275,999

)

 

$

(5,521

)

(1)

Corporate eliminations 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.