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Segment Information (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2022 | Dec. 31, 2021
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) |  | 2022 |  |  | 2021 |  |  | 2020 |
Revenue: |  |  |  |  |  |  |  |  |
Pursuit |  | $ | 299,327 |  |  | $ | 187,048 |  |  | $ | 76,810 |
GES: |  |  |  |  |  |  |  |  |
Spiro |  |  | 277,641 |  |  |  | 116,587 |  |  |  | 102,027 |
GES Exhibitions |  |  | 557,880 |  |  |  | 209,529 |  |  |  | 238,705 |
GES intersegment eliminations |  |  | (7,537 | ) |  |  | (5,824 | ) |  |  | (2,107 | )
Total GES |  |  | 827,984 |  |  |  | 320,292 |  |  |  | 338,625 |
Total revenue |  | $ | 1,127,311 |  |  | $ | 507,340 |  |  | $ | 415,435 |
Segment operating income (loss): |  |  |  |  |  |  |  |  |
Pursuit |  | $ | 24,031 |  |  | $ | 4,609 |  |  | $ | (42,343 | )
GES: |  |  |  |  |  |  |  |  |
Spiro |  |  | 23,133 |  |  |  | (9,556 | ) |  |  | (41,217 | )
GES Exhibitions |  |  | 21,780 |  |  |  | (42,055 | ) |  |  | (32,680 | )
Total GES |  |  | 44,913 |  |  |  | (51,611 | ) |  |  | (73,897 | )
Segment operating income (loss) |  |  | 68,944 |  |  |  | (47,002 | ) |  |  | (116,240 | )
Corporate eliminations (1) |  |  | 67 |  |  |  | 70 |  |  |  | 65 |
Corporate activities |  |  | (13,418 | ) |  |  | (11,689 | ) |  |  | (8,687 | )
Gain on sale of ON Services |  |  | 19,637 |  |  |  | — |  |  |  | — |
Interest expense, net |  |  | (34,891 | ) |  |  | (28,324 | ) |  |  | (17,887 | )
Other expense, net |  |  | (2,077 | ) |  |  | (2,070 | ) |  |  | (1,594 | )
Restructuring charges: |  |  |  |  |  |  |  |  |
Pursuit |  |  | (55 | ) |  |  | (85 | ) |  |  | (132 | )
Spiro |  |  | (1,015 | ) |  |  | (575 | ) |  |  | (1,011 | )
GES Exhibitions |  |  | (1,960 | ) |  |  | (5,361 | ) |  |  | (11,336 | )
Corporate |  |  | (29 | ) |  |  | (45 | ) |  |  | (961 | )
Impairment charges: |  |  |  |  |  |  |  |  |
Pursuit |  |  | — |  |  |  | — |  |  |  | (1,758 | )
Spiro |  |  | — |  |  |  | — |  |  |  | (43,403 | )
GES Exhibitions |  |  | (583 | ) |  |  | — |  |  |  | (157,915 | )
Income (loss) from continuing operations before income taxes |  | $ | 34,620 |  |  | $ | (95,081 | ) |  | $ | (360,859 | )
(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. Additional information of our reportable segments is as follows:
Reconciliation of assets from reportable segments |
|  | December 31, |
(in thousands) |  | 2022 |  |  | 2021 |  |  | 2020 |
Depreciation: |  |  |  |  |  |  |  |  |
Pursuit |  | $ | 31,075 |  |  | $ | 27,360 |  |  | $ | 24,761 |
Spiro |  |  | 3,599 |  |  |  | 4,769 |  |  |  | 6,975 |
GES Exhibitions |  |  | 8,315 |  |  |  | 11,550 |  |  |  | 14,634 |
Corporate |  |  | 43 |  |  |  | 34 |  |  |  | 97 |
|  | $ | 43,032 |  |  | $ | 43,713 |  |  | $ | 46,467 |
Amortization: |  |  |  |  |  |  |  |  |
Pursuit |  | $ | 5,021 |  |  | $ | 5,108 |  |  | $ | 3,633 |
Spiro |  |  | 242 |  |  |  | 509 |  |  |  | 1,306 |
GES Exhibitions |  |  | 4,188 |  |  |  | 4,420 |  |  |  | 5,159 |
|  | $ | 9,451 |  |  | $ | 10,037 |  |  | $ | 10,098 |
Capital expenditures: |  |  |  |  |  |  |  |  |
Pursuit |  | $ | 56,775 |  |  | $ | 54,325 |  |  | $ | 43,177 |
Spiro |  |  | 2,923 |  |  |  | 578 |  |  |  | 1,570 |
GES Exhibitions |  |  | 7,342 |  |  |  | 2,557 |  |  |  | 8,820 |
Corporate and other |  |  | 130 |  |  |  | 476 |  |  |  | — |
|  | $ | 67,170 |  |  | $ | 57,936 |  |  | $ | 53,567 |
Financial information by major geographic area | The table below presents the financial information by major geographic area:
|  | December 31, |
(in thousands) |  | 2022 |  |  | 2021 |  |  | 2020 |
Revenue: |  |  |  |  |  |  |  |  |
United States |  | $ | 703,379 |  |  | $ | 312,265 |  |  | $ | 290,541 |
EMEA |  |  | 207,339 |  |  |  | 96,603 |  |  |  | 56,656 |
Canada |  |  | 216,593 |  |  |  | 98,472 |  |  |  | 68,238 |
Total revenue |  | $ | 1,127,311 |  |  | $ | 507,340 |  |  | $ | 415,435 |
Long-lived assets: |  |  |  |  |  |  |  |  |
United States |  | $ | 190,917 |  |  | $ | 179,756 |  |  | $ | 173,790 |
EMEA |  |  | 85,680 |  |  |  | 91,877 |  |  |  | 56,996 |
Canada |  |  | 290,438 |  |  |  | 294,193 |  |  |  | 276,860 |
Total long-lived assets |  | $ | 567,035 |  |  | $ | 565,826 |  |  | $ | 507,646 |

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- Definition Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599 + Details
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- Definition Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9038-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1) -URI https://asc.fasb.org/extlink&oid=126953954&loc=SL114868664-224227 + Details
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