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v3.23.1

Segment Information (Tables) | 3 Months Ended
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Mar. 31, 2023
Segment Reporting [Abstract] |
Reconciliation of income statement items from reportable segments | Our reportable segments, with reconciliations to consolidated totals, are as follows:
|  | Three Months Ended |
|  | March 31, |
(in thousands) |  | 2023 |  |  | 2022 |
Revenue: |  |  |  |  |  |
Pursuit |  | $ | 32,663 |  |  | $ | 23,784 |
GES: |  |  |  |  |  |
Spiro |  |  | 60,362 |  |  |  | 42,816 |
GES Exhibitions |  |  | 169,497 |  |  |  | 111,831 |
GES intersegment eliminations |  |  | (1,731 | ) |  |  | (1,071 | )
Total GES |  |  | 228,128 |  |  |  | 153,576 |
Total revenue |  | $ | 260,791 |  |  | $ | 177,360 |
Segment operating income (loss): |  |  |  |  |  |
Pursuit |  | $ | (19,112 | ) |  | $ | (21,198 | )
GES: |  |  |  |  |  |
Spiro |  |  | 3,174 |  |  |  | (239 | )
GES Exhibitions |  |  | 10,410 |  |  |  | (1,355 | )
Total GES |  |  | 13,584 |  |  |  | (1,594 | )
Segment operating loss |  |  | (5,528 | ) |  |  | (22,792 | )
Corporate eliminations (1) |  |  | 16 |  |  |  | 17 |
Corporate activities |  |  | (3,165 | ) |  |  | (2,673 | )
Interest expense, net |  |  | (12,249 | ) |  |  | (5,877 | )
Other expense, net |  |  | (531 | ) |  |  | (638 | )
Restructuring charges: |  |  |  |  |  |
Pursuit |  |  | (7 | ) |  |  | — |
Spiro |  |  | (137 | ) |  |  | (418 | )
GES Exhibitions |  |  | (309 | ) |  |  | (236 | )
Impairment charges: |  |  |  |  |  |
GES Exhibitions |  |  | — |  |  |  | (583 | )
Loss from continuing operations before income taxes |  | $ | (21,910 | ) |  | $ | (33,200 | )
(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 | Additional information of our reportable segments is as follows:
|  | Three Months Ended March 31, |
|  | March 31, |
(in thousands) |  | 2023 |  |  | 2022 |
Depreciation: |  |  |  |  |  |
Pursuit |  | $ | 8,134 |  |  | $ | 7,782 |
Spiro |  |  | 500 |  |  |  | 929 |
GES Exhibitions |  |  | 1,678 |  |  |  | 2,291 |
Corporate |  |  | 20 |  |  |  | 4 |
|  | $ | 10,332 |  |  | $ | 11,006 |
Amortization: |  |  |  |  |  |
Pursuit |  | $ | 1,161 |  |  | $ | 1,179 |
Spiro |  |  | 63 |  |  |  | 52 |
GES Exhibitions |  |  | 919 |  |  |  | 1,042 |
|  | $ | 2,143 |  |  | $ | 2,273 |
Capital expenditures: |  |  |  |  |  |
Pursuit |  | $ | 7,727 |  |  | $ | 11,491 |
Spiro |  |  | 647 |  |  |  | 144 |
GES Exhibitions |  |  | 3,008 |  |  |  | 865 |
Corporate and other |  |  | 2 |  |  |  | 70 |
|  | $ | 11,384 |  |  | $ | 12,570 |
We do not report total

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- Definition Tabular disclosure of all significant reconciling items in the reconciliation of total assets from reportable segments to the entity's consolidated assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599 Reference 2: 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 + Details
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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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