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Segment Information
 3 Months Ended
Mar. 31, 2021
Segment Reporting [Abstract]  
Segment Information

Note 23. Segment Information

We measure the profit and performance of our operations on the basis of segment operating income or 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.

During the first quarter of 2021, we reorganized GES’ operating segments to represent the changes in how our CODM reviews the financial performance of GES and makes decisions regarding the allocation of resources. Accordingly, GES is now a single reportable segment. We made no changes to the Pursuit reportable segment.

Our reportable segments, with reconciliations to consolidated totals, are as follows:

 

 

 

Three Months Ended

 

 

 

March 31,

 

(in thousands)

 

2021

 

 

2020

 

Revenue:

 

 

 

 

 

 

 

 

GES

 

$

19,145

 

 

$

281,135

 

Pursuit

 

 

9,790

 

 

 

13,523

 

Total revenue

 

$

28,935

 

 

$

294,658

 

Segment operating income (loss):

 

 

 

 

 

 

 

 

GES

 

$

(19,904

)

 

$

10,858

 

Pursuit

 

 

(18,321

)

 

 

(20,274

)

Segment operating loss

 

 

(38,225

)

 

 

(9,416

)

Corporate eliminations (1)

 

 

17

 

 

 

16

 

Corporate activities

 

 

(2,005

)

 

 

(789

)

Operating loss

 

 

(40,213

)

 

 

(10,189

)

Interest income

 

 

33

 

 

 

79

 

Interest expense

 

 

(5,118

)

 

 

(4,018

)

Other expense

 

 

(360

)

 

 

(419

)

Restructuring charges:

 

 

 

 

 

 

 

 

GES

 

 

(2,783

)

 

 

(656

)

Pursuit

 

 

(23

)

 

 

(1

)

Corporate

 

 

(20

)

 

 

(194

)

Impairment charges:

 

 

 

 

 

 

 

 

GES

 

 

—

 

 

 

(86,623

)

Pursuit

 

 

—

 

 

 

(1,757

)

Loss from continuing operations before income taxes

 

$

(48,484

)

 

$

(103,778

)

(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.