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v3.20.4

Segment Information (Tables) | 12 Months Ended
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Dec. 31, 2020
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) |  | 2020 |  |  | 2019 |  |  | 2018 |
Revenue: |  |  |  |  |  |  |  |  |  |  |  |
GES: |  |  |  |  |  |  |  |  |  |  |  |
GES North America |  | $ | 288,921 |  |  | $ | 884,105 |  |  | $ | 866,187 |
GES EMEA |  |  | 53,384 |  |  |  | 216,559 |  |  |  | 202,990 |
Intersegment eliminations |  |  | (3,680 | ) |  |  | (20,741 | ) |  |  | (17,140 | )
Total GES |  |  | 338,625 |  |  |  | 1,079,923 |  |  |  | 1,052,037 |
Pursuit |  |  | 76,810 |  |  |  | 222,813 |  |  |  | 185,287 |
Total revenue |  | $ | 415,435 |  |  | $ | 1,302,736 |  |  | $ | 1,237,324 |
Segment operating income (loss): |  |  |  |  |  |  |  |  |  |  |  |
GES: |  |  |  |  |  |  |  |  |  |  |  |
GES North America |  | $ | (56,446 | ) |  | $ | 27,659 |  |  | $ | 29,981 |
GES EMEA |  |  | (17,451 | ) |  |  | 8,274 |  |  |  | 9,621 |
Total GES |  |  | (73,897 | ) |  |  | 35,933 |  |  |  | 39,602 |
Pursuit |  |  | (42,343 | ) |  |  | 54,310 |  |  |  | 48,915 |
Segment operating income (loss) |  |  | (116,240 | ) |  |  | 90,243 |  |  |  | 88,517 |
Corporate eliminations (1) |  |  | 65 |  |  |  | 67 |  |  |  | 67 |
Corporate activities |  |  | (8,687 | ) |  |  | (10,865 | ) |  |  | (10,993 | )
Operating income (loss) |  |  | (124,862 | ) |  |  | 79,445 |  |  |  | 77,591 |
Interest income |  |  | 377 |  |  |  | 369 |  |  |  | 354 |
Interest expense |  |  | (18,264 | ) |  |  | (14,199 | ) |  |  | (9,640 | )
Multi-employer pension plan withdrawal |  |  | (462 | ) |  |  | (15,693 | ) |  |  | — |
Other expense |  |  | (1,132 | ) |  |  | (1,586 | ) |  |  | (1,744 | )
Restructuring (charges) recoveries: |  |  |  |  |  |  |  |  |  |  |  |
GES North America |  |  | (3,825 | ) |  |  | (6,157 | ) |  |  | (408 | )
GES EMEA |  |  | (8,522 | ) |  |  | (1,731 | ) |  |  | (1,049 | )
Pursuit |  |  | (132 | ) |  |  | (52 | ) |  |  | (140 | )
Corporate |  |  | (961 | ) |  |  | (440 | ) |  |  | 10 |
Impairment (charges) recoveries: |  |  |  |  |  |  |  |  |  |  |  |
GES North America |  |  | (171,095 | ) |  |  | (5,346 | ) |  |  | — |
GES EMEA |  |  | (30,223 | ) |  |  | — |  |  |  | — |
Pursuit |  |  | (1,758 | ) |  |  | — |  |  |  | 35 |
Legal settlement: |  |  |  |  |  |  |  |  |  |  |  |
GES |  |  | — |  |  |  | (8,500 | ) |  |  | — |
Income (loss) from continuing operations before income taxes |  | $ | (360,859 | ) |  | $ | 26,110 |  |  | $ | 65,009 |
(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.
Reconciliation of assets from reportable segments |
|  | December 31, |
(in thousands) |  | 2020 |  |  | 2019 |  |  | 2018 |
Assets: |  |  |  |  |  |  |  |  |  |  |  |
GES: |  |  |  |  |  |  |  |  |  |  |  |
GES North America |  | $ | 134,162 |  |  | $ | 475,279 |  |  | $ | 406,484 |
GES EMEA |  |  | 50,644 |  |  |  | 132,975 |  |  |  | 111,798 |
Pursuit |  |  | 620,413 |  |  |  | 589,205 |  |  |  | 357,630 |
Corporate and other |  |  | 48,005 |  |  |  | 121,232 |  |  |  | 46,629 |
|  | $ | 853,224 |  |  | $ | 1,318,691 |  |  | $ | 922,541 |
Depreciation and amortization: |  |  |  |  |  |  |  |  |  |  |  |
GES: |  |  |  |  |  |  |  |  |  |  |  |
GES North America |  | $ | 24,022 |  |  | $ | 29,321 |  |  | $ | 30,855 |
GES EMEA |  |  | 4,053 |  |  |  | 6,260 |  |  |  | 7,071 |
Pursuit |  |  | 28,393 |  |  |  | 23,154 |  |  |  | 18,690 |
Corporate and other |  |  | 97 |  |  |  | 229 |  |  |  | 226 |
|  | $ | 56,565 |  |  | $ | 58,964 |  |  | $ | 56,842 |
Capital expenditures: |  |  |  |  |  |  |  |  |  |  |  |
GES: |  |  |  |  |  |  |  |  |  |  |  |
GES North America |  | $ | 9,003 |  |  | $ | 19,099 |  |  | $ | 19,263 |
GES EMEA |  |  | 1,388 |  |  |  | 7,098 |  |  |  | 7,065 |
Pursuit |  |  | 43,176 |  |  |  | 49,934 |  |  |  | 56,865 |
Corporate and other |  |  | — |  |  |  | 16 |  |  |  | 152 |
|  | $ | 53,567 |  |  | $ | 76,147 |  |  | $ | 83,345 |
Financial information by major geographic area | The table below presents the financial information by major geographic area:
|  | December 31, |
(in thousands) |  | 2020 |  |  | 2019 |  |  | 2018 |
Revenue: |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 290,541 |  |  | $ | 873,213 |  |  | $ | 850,839 |
EMEA |  |  | 56,656 |  |  |  | 218,404 |  |  |  | 202,990 |
Canada |  |  | 68,238 |  |  |  | 211,119 |  |  |  | 183,495 |
Total revenue |  | $ | 415,435 |  |  | $ | 1,302,736 |  |  | $ | 1,237,324 |
Long-lived assets: |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 173,790 |  |  | $ | 205,399 |  |  | $ | 182,140 |
EMEA |  |  | 56,996 |  |  |  | 63,582 |  |  |  | 48,553 |
Canada |  |  | 276,860 |  |  |  | 277,039 |  |  |  | 146,064 |
Total long-lived assets |  | $ | 507,646 |  |  | $ | 546,020 |  |  | $ | 376,757 |

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