XML 31 R21.htm IDEA: XBRL DOCUMENT
v3.22.2.2

Income (Loss) Per Share | 9 Months Ended
--- | ---
Sep. 30, 2022
Earnings Per Share [Abstract] |
Income (Loss) Per Share | Note 14. Income (Loss) Per Share The components of basic and diluted loss per share are as follows:
|  | Three Months Ended |  |  | Nine Months Ended |
|  | September 30, |  |  | September 30, |
(in thousands, except per share data) |  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
Net income (loss) attributable to Viad |  | $ | 40,145 |  |  | $ | 15,067 |  |  | $ | 30,983 |  |  | $ | (70,111 | )
Less: Allocation to participating securities |  |  | (9,368 | ) |  |  | (3,141 | ) |  |  | (5,991 | ) |  |  | — |
Convertible preferred stock dividends paid in cash |  |  | (1,950 | ) |  |  | (1,950 | ) |  |  | (5,850 | ) |  |  | (1,950 | )
Convertible preferred stock dividends paid in kind |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (3,821 | )
Adjustment to the redemption value of redeemable noncontrolling interest |  |  | — |  |  |  | (488 | ) |  |  | (763 | ) |  |  | (1,091 | )
Net income (loss) allocated to Viad common stockholders (basic) |  | $ | 28,827 |  |  | $ | 9,488 |  |  | $ | 18,379 |  |  | $ | (76,973 | )
Add: Allocation to participating securities |  |  | 94 |  |  |  | 36 |  |  |  | 46 |  |  |  | — |
Net income (loss) allocated to Viad common stockholders (diluted) |  | $ | 28,921 |  |  | $ | 9,524 |  |  | $ | 18,425 |  |  | $ | (76,973 | )
Basic weighted-average outstanding common shares |  |  | 20,612 |  |  |  | 20,420 |  |  |  | 20,567 |  |  |  | 20,396 |
Additional dilutive shares related to share-based compensation |  |  | 277 |  |  |  | 322 |  |  |  | 214 |  |  |  | — |
Diluted weighted-average outstanding shares |  |  | 20,889 |  |  |  | 20,742 |  |  |  | 20,781 |  |  |  | 20,396 |
Income (loss) per share: |  |  |  |  |  |  |  |  |  |  |  |
Basic income (loss) attributable to Viad common stockholders |  | $ | 1.40 |  |  | $ | 0.46 |  |  | $ | 0.89 |  |  | $ | (3.77 | )
Diluted income (loss) attributable to Viad common stockholders(1) |  | $ | 1.38 |  |  | $ | 0.46 |  |  | $ | 0.89 |  |  | $ | (3.77 | )
(1) Diluted loss per share amount cannot exceed basic loss per share. Diluted loss per common share is calculated using the more dilutive of the two-class method or if-converted method. The two-class method uses net income (loss) available to common stockholders and assumes conversion of all potential shares other than the participating securities. The if-converted method uses net income (loss) available to common stockholders and assumes conversion of all potential shares including the participating securities. Dilutive potential common shares include outstanding stock options, unvested restricted share units and convertible preferred stock. We apply the two-class method in calculating income (loss) per common share as unvested share-based payment awards that contain nonforfeitable rights to dividends and preferred stock are considered participating securities. Accordingly, such securities are included in the earnings allocation in calculating income (loss) per share. The adjustment to the carrying value of the redeemable noncontrolling interest is reflected in income (loss) per common share. We excluded the following weighted-average potential common shares from the calculations of diluted net income (loss) per common share during the applicable periods because their inclusion would have been anti-dilutive:
|  | Three Months Ended |  |  | Nine Months Ended |
|  | September 30, |  |  | September 30, |
(in thousands) |  | 2022 |  |  | 2021 |  |  | 2022 |  | 2021 |
Convertible preferred stock |  |  | — |  |  |  | — |  |  |  | — |  |  | 6,584 |
Unvested restricted share-based awards |  |  | 2 |  |  |  | 3 |  |  |  | 29 |  |  | 173 |
Unvested performance share-based awards |  |  | — |  |  |  | — |  |  |  | 11 |  |  | 28 |
Stock options |  |  | 138 |  |  |  | 138 |  |  |  | 216 |  |  | 219 |

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI https://asc.fasb.org/topic&trid=2144383 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3630-109257 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration