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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenue:        
Total revenue $ 455,704 $ 365,899 $ 1,107,739 $ 947,001
Costs and expenses:        
Corporate activities 7,757 3,579 17,612 10,255
Gain on sale of ON Services 0 0 0 204
Interest expense, net 11,428 12,476 35,858 37,081
Other expense, net 407 554 1,287 1,533
Restructuring charges (recoveries) 383 480 (326) [1] 1,125
Impairment charges 6,110 0 6,110 0
Total costs and expenses 389,241 306,946 1,030,736 893,209
Income from continuing operations before income taxes 66,463 58,953 77,003 53,792
Income tax expense 10,509 9,173 17,247 13,623
Income from continuing operations 55,954 49,780 59,756 40,169
Income (loss) from discontinued operations (90) (654) 743 (855)
Net income (loss) 55,864 49,126 60,499 39,314
Net income attributable to non-redeemable noncontrolling interest (7,178) (7,716) (8,062) (8,221)
Net (income) loss attributable to redeemable noncontrolling interest (71) (139) 372 270
Net income attributable to Viad $ 48,615 $ 41,271 $ 52,809 $ 31,363
Diluted income per common share:        
Continuing operations attributable to Viad common stockholders $ 1.65 $ 1.44 $ 1.64 $ 0.96
Discontinued operations attributable to Viad common stockholders 0 (0.03) 0.04 (0.04)
Net income attributable to Viad common stockholders $ 1.65 $ 1.41 $ 1.67 $ 0.92
Weighted-average outstanding and potentially dilutive common shares 21,615 21,174 21,517 21,025
Basic income per common share:        
Continuing operations attributable to Viad common stockholders $ 1.68 $ 1.46 $ 1.65 $ 0.97
Discontinued operations attributable to Viad common stockholders 0 (0.03) 0.03 (0.04)
Net income (loss) attributable to Viad common stockholders $ 1.68 $ 1.43 $ 1.69 $ 0.93
Weighted-average outstanding common shares 21,166 20,885 21,107 20,825
Amounts attributable to Viad        
Income from continuing operations $ 48,705 $ 41,925 $ 52,066 $ 32,218
Income (loss) from discontinued operations (90) (654) 743 (855)
Net income attributable to Viad 48,615 41,271 52,809 31,363
Services        
Revenue:        
Total revenue 375,236 285,119 912,126 765,598
Costs and expenses:        
Costs and expenses 298,081 222,794 798,666 681,409
Products        
Revenue:        
Total revenue 80,468 80,780 195,613 181,403
Costs and expenses:        
Costs and expenses $ 65,075 $ 67,063 $ 171,529 $ 161,602
[1] During the second quarter of 2024, we reversed a prior year accrual of $1.5 million related to a certain multi-employer pension fund.