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Debt and Finance Obligations (Tables) | 9 Months Ended
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Sep. 30, 2024
Debt Disclosure [Abstract] |
Schedule of Debt and Finance Lease Obligations | The components of debt and finance obligations consisted of the following:
|  | September 30, |  |  | December 31, |
(in thousands, except interest rates) |  | 2024 |  |  | 2023 |
Debt: |  |  |  |  |  |
2021 Credit Facility - Term Loan B 9.1% interest rate at September 30, 2024 and 10.5% at December 31, 2023, due through 2028 (1) |  | $ | 318,000 |  |  | $ | 321,000 |
2021 Credit Facility - Revolving Credit Facility - Viad Corp borrowings 8.5% interest rate at December 31, 2023, due through 2026 (1) |  |  | — |  |  |  | 57,000 |
Jasper Term Loan 6.5% interest rate at September 30, 2024 and December 31, 2023, due through 2028 (1) |  |  | 12,376 |  |  |  | 12,655 |
Jasper Revolving Credit Facility 9.5% weighted-average interest rate at December 31, 2023, due through 2028 (1) |  |  | — |  |  |  | 3,020 |
FlyOver Iceland Credit Facility 9.0% interest rate at September 30, 2024 and 8.9% at December 31, 2023, due through 2029 (1) |  |  | 3,902 |  |  |  | 4,049 |
FlyOver Iceland Term Loans 12.3% weighted-average interest rate at September 30, 2024 and 13.8% at December 31, 2023, due through 2024 (1) |  |  | 11 |  |  |  | 475 |
Less unamortized debt issuance costs |  |  | (8,001 | ) |  |  | (9,453 | )
Total debt |  |  | 326,288 |  |  |  | 388,746 |
Finance obligations: |  |  |  |  |  |
Finance lease obligations (2) 9.2% weighted-average interest rate at September 30, 2024 and December 31, 2023, due through 2067 |  |  | 63,197 |  |  |  | 63,929 |
Financing arrangements |  |  | 716 |  |  |  | — |
Total debt and finance obligations (3)(4) |  |  | 390,201 |  |  |  | 452,675 |
Current portion |  |  | (8,314 | ) |  |  | (8,371 | )
Long-term debt and finance obligations |  | $ | 381,887 |  |  | $ | 444,304 |
(1) Represents the weighted-average interest rate in effect as of the end of the respective periods, including any applicable margin. The interest rates do not include amortization of debt issuance costs, commitment fees, or any expense or income related to the Interest Rate Cap as discussed in Note 12 – Derivative. (2) Refer to Note 20 – Leases and Other for additional information. (3) The estimated fair value of total debt and finance leases was $318.4 million as of September 30, 2024 and $349.8 million as of December 31, 2023. The fair value of debt was estimated by discounting the future cash flows using rates currently available for debt of similar terms and maturity, which is a Level 2 measurement. Refer to Note 13 – Fair Value Measurements for additional information. Cash paid for interest on debt was $36.1 million during the nine months ended September 30, 2024 and $35.7 million during the nine months ended September 30, 2023.
Schedule of Changes to Our Financing Arrangements | Changes to our financing arrangements are as follows:
(in thousands) |  |  |
Balance at December 31, 2023 |  | $ | — |
Additions |  |  | 13,062 |
Payments |  |  | (12,253 | )
Foreign currency translation adjustment |  |  | (93 | )
Balance at September 30, 2024 |  | $ | 716 |

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