Viad (VVI) 10-Q 5 Nov 21 2021 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2021	Nov. 02, 2021
Document Information [Line Items]
Entity Registrant Name	Viad Corp
Entity Central Index Key	0000884219
Document Type	10-Q
Document Period End Date	Sep. 30, 2021
Amendment Flag	false
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q3
Current Fiscal Year End Date	--12-31
Entity Incorporation, State or Country Code	DE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Shell Company	false
Entity Small Business	false
Entity Emerging Growth Company	false
Entity File Number	001-11015
Entity Tax Identification Number	36-1169950
Entity Address, Address Line One	7000 East 1st Avenue
Entity Address, City or Town	Scottsdale
Entity Address, State or Province	AZ
Entity Address, Postal Zip Code	85251-4304
City Area Code	602
Local Phone Number	207-1000
Entity Common Stock, Shares Outstanding		20,530,294
Document Quarterly Report	true
Document Transition Report	false
Common Stock
Document Information [Line Items]
Trading Symbol	VVI
Title of 12(b) Security	Common Stock, $1.50 Par Value
Security Exchange Name	NYSE
Junior Participating Preferred Stock
Document Information [Line Items]
No Trading Symbol Flag	true
Title of 12(b) Security	Preferred Stock Purchase Rights

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Current assets
Cash and cash equivalents	$ 110,756	$ 39,545
Accounts receivable, net of allowances for doubtful accounts of $2,714 and $5,310, respectively	72,005	17,837
Inventories	8,751	8,727
Current contract costs	17,961	7,923
Other current assets	20,380	17,225
Total current assets	229,853	91,257
Property and equipment, net	545,280	492,154
Other investments and assets	15,513	15,492
Operating lease right-of-use assets	87,935	82,739
Deferred income taxes	1,035	563
Goodwill	111,703	99,847
Other intangible assets, net	66,244	71,172
Total Assets	1,057,563	853,224
Current liabilities
Accounts payable	59,543	21,037
Contract liabilities	44,646	18,595
Accrued compensation	16,203	7,030
Operating lease obligations	11,058	15,697
Other current liabilities	36,861	27,039
Current portion of debt and finance lease obligations	8,218	8,335
Total current liabilities	176,529	97,733
Long-term debt and finance lease obligations	446,162	285,356
Pension and postretirement benefits	26,700	27,264
Long-term operating lease obligations	86,165	70,150
Other deferred items and liabilities	71,906	64,628
Total liabilities	807,462	545,131
Commitments and contingencies
Redeemable noncontrolling interest	5,251	5,225
Viad Corp stockholders’ equity:
Common stock, $1.50 par value, 200,000,000 shares authorized, 24,934,981 shares issued and outstanding	37,402	37,402
Additional capital	567,051	568,100
Accumulated deficit	(325,226)	(253,164)
Accumulated other comprehensive loss	(31,416)	(30,641)
Common stock in treasury, at cost, 4,411,560 and 4,475,489 shares, respectively	(222,203)	(225,742)
Total Viad stockholders’ equity	25,608	95,955
Non-redeemable noncontrolling interest	86,651	78,144
Total stockholders’ equity	112,259	174,099
Total Liabilities, Mezzanine Equity, and Stockholders’ Equity	1,057,563	853,224
Convertible Series A Preferred Stock
Current liabilities
Convertible Series A Preferred Stock, $0.01 par value, 180,000 shares authorized, 135,000 shares issued and outstanding	$ 132,591	$ 128,769

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) (Unaudited) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Allowance for doubtful accounts	$ 2,714	$ 5,310
Common stock, par value	$ 1.50	$ 1.50
Common stock, shares authorized	200,000,000	200,000,000
Common stock, shares issued	24,934,981	24,934,981
Common stock, shares outstanding	24,934,981	24,934,981
Treasury stock, shares	4,411,560	4,475,489
Convertible Series A Preferred Stock
Preferred Stock, Par value	$ 0.01	$ 0.01
Preferred Stock, Shares Authorized	180,000	180,000
Preferred Stock, Shares Issued	135,000	135,000
Preferred Stock, Shares Outstanding	135,000	135,000

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Revenue:
Total revenue		$ 233,599	$ 62,807	$ 323,767	$ 387,532
Costs and expenses:
Corporate activities		3,093	2,645	8,104	5,902
Interest expense, net		9,518	5,450	20,168	14,399
Multi-employer pension plan withdrawal				57	462
Other expense, net		466	210	1,506	894
Restructuring charges		2,186	11,259	5,799	12,370
Impairment charges			676		203,076
Total costs and expenses		208,743	89,812	392,466	690,536
Income (loss) from continuing operations before income taxes		24,856	(27,005)	(68,699)	(303,004)
Income tax expense		5,329	735	118	20,454
Income (loss) from continuing operations		19,527	(27,740)	(68,817)	(323,458)
Income (loss) from discontinued operations		248	(989)	534	(1,822)
Net income (loss)		19,775	(28,729)	(68,283)	(325,280)
Net (income) loss attributable to non-redeemable noncontrolling interest		(5,004)	(2,331)	(3,049)	636
Net loss attributable to redeemable noncontrolling interest		296	302	1,221	1,023
Net income (loss) attributable to Viad		$ 15,067	$ (30,758)	$ (70,111)	$ (323,621)
Diluted income (loss) per common share:
Continuing operations attributable to Viad common stockholders		$ 0.45	$ (1.54)	$ (3.80)	$ (15.98)
Discontinued operations attributable to Viad common stockholders		0.01	(0.05)	0.03	(0.09)
Net income (loss) attributable to Viad common stockholders	[1]	$ 0.46	$ (1.59)	$ (3.77)	$ (16.07)
Weighted-average outstanding and potentially dilutive common shares		20,742	20,293	20,396	20,263
Basic income (loss) per common share:
Continuing operations attributable to Viad common stockholders		$ 0.45	$ (1.54)	$ (3.80)	$ (15.98)
Discontinued operations attributable to Viad common stockholders		0.01	(0.05)	0.03	(0.09)
Net income (loss) attributable to Viad common stockholders		$ 0.46	$ (1.59)	$ (3.77)	$ (16.07)
Weighted-average outstanding common shares		20,420	20,293	20,396	20,263
Dividends declared per common share					$ 0.10
Amounts attributable to Viad
Income (loss) from continuing operations		$ 14,819	$ (29,769)	$ (70,645)	$ (321,799)
Income (loss) from discontinued operations		248	(989)	534	(1,822)
Services
Revenue:
Total revenue		182,964	43,437	254,170	333,052
Costs and expenses:
Costs and expenses		150,983	51,465	283,403	393,101
Products
Revenue:
Total revenue		50,635	19,370	69,597	54,480
Costs and expenses:
Costs and expenses		$ 42,497	$ 18,107	$ 73,429	$ 60,332
[1]	Diluted loss per share amount cannot exceed basic loss per share

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS (Unaudited) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Statement Of Income And Comprehensive Income [Abstract]
Net income (loss)		$ 19,775	$ (28,729)	$ (68,283)	$ (325,280)
Other comprehensive income (loss):
Unrealized foreign currency translation adjustments		(8,634)	11,032	(980)	(7,342)
Change in net actuarial loss, net of tax	[1]	83	70	261	436
Change in prior service cost, net of tax	[1]		(27)	(56)	(82)
Comprehensive income (loss)		11,224	(17,654)	(69,058)	(332,268)
Non-redeemable noncontrolling interest:
Net (income) loss attributable to non-redeemable noncontrolling interest		(5,004)	(2,331)	(3,049)	636
Unrealized foreign currency translation adjustments		(1,960)	1,837	(141)	(1,949)
Redeemable noncontrolling interest:
Comprehensive loss attributable to redeemable noncontrolling interest		296	302	1,221	1,023
Comprehensive income (loss) attributable to Viad		$ 4,556	$ (17,846)	$ (71,027)	$ (332,558)
[1]	The tax effect on other comprehensive income (loss) is not significant

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY AND MEZZANINE EQUITY (Unaudited) - USD ($)		Total		Mountain Park Lodges	Common Stock	Additional Capital	Retained earnings (Deflicit)	Accumulated Other Comprehensive Income (Loss)	Common Stock in Treasury	Total Viad Equity	Non-Redeemable Non-Controlling Interest	Non-Redeemable Non-Controlling InterestMountain Park Lodges	Mezzanine Equity Redeemable Non Controlling Interest	Convertible Series A Preferred Stock
Beginning Balance at Dec. 31, 2019		$ 547,229,000			$ 37,402,000	$ 574,473,000	$ 122,971,000	$ (35,699,000)	$ (231,649,000)	$ 467,498,000	$ 79,731,000		$ 6,172,000
Increase Decrease In Stockholders' Equity [Roll Forward]
Net Income (loss)		(87,918,000)					(86,585,000)			(86,585,000)	(1,333,000)		(517,000)
Dividends on common stock		(2,038,000)					(2,038,000)			(2,038,000)
Capital contribution (distributions) to (from) noncontrolling interest		1,526,000									1,526,000
Payment of payroll taxes on stock-based compensation through shares withheld		(1,059,000)							(1,059,000)	(1,059,000)
Common stock purchased for treasury		(2,785,000)							(2,785,000)	(2,785,000)
Employee benefit plans		1,912,000				(3,810,000)			5,722,000	1,912,000
Share-based compensation - equity awards		276,000				276,000				276,000
Unrealized foreign currency translation adjustment		(33,877,000)						(28,158,000)		(28,158,000)	(5,719,000)		(873,000)
Amortization of net actuarial loss, net of tax		341,000						341,000		341,000
Amortization of prior service cost, net of tax		(27,000)						(27,000)		(27,000)
Other, net		(80,000)				(80,000)	1,000		(1,000)	(80,000)			(126,000)
Ending Balance at Mar. 31, 2020		420,448,000			37,402,000	570,859,000	34,347,000	(63,543,000)	(229,770,000)	349,295,000	71,153,000		4,908,000
Beginning Balance at Dec. 31, 2019		547,229,000			37,402,000	574,473,000	122,971,000	(35,699,000)	(231,649,000)	467,498,000	79,731,000		6,172,000
Increase Decrease In Stockholders' Equity [Roll Forward]
Amortization of net actuarial loss, net of tax	[1]	436,000
Amortization of prior service cost, net of tax	[1]	(82,000)
Ending Balance at Sep. 30, 2020		210,468,000			37,402,000	570,447,000	(202,691,000)	(42,687,000)	(227,623,000)	134,848,000	75,620,000		5,271,000	$ 126,897,000
Beginning Balance at Mar. 31, 2020		420,448,000			37,402,000	570,859,000	34,347,000	(63,543,000)	(229,770,000)	349,295,000	71,153,000		4,908,000
Increase Decrease In Stockholders' Equity [Roll Forward]
Net Income (loss)		(207,912,000)					(206,278,000)			(206,278,000)	(1,634,000)		(204,000)
Payment of payroll taxes on stock-based compensation through shares withheld		(3,000)							(3,000)	(3,000)
Employee benefit plans		330,000				48,000			282,000	330,000
Share-based compensation - equity awards		602,000				602,000				602,000
Unrealized foreign currency translation adjustment		11,717,000						9,784,000		9,784,000	1,933,000		102,000
Amortization of net actuarial loss, net of tax		25,000						25,000		25,000
Amortization of prior service cost, net of tax		(28,000)						(28,000)		(28,000)
Other, net		45,000				46,000			(1,000)	45,000			332,000
Ending Balance at Jun. 30, 2020		225,224,000			37,402,000	571,555,000	(171,931,000)	(53,762,000)	(229,492,000)	153,772,000	71,452,000		5,138,000
Increase Decrease In Stockholders' Equity [Roll Forward]
Net Income (loss)		(28,427,000)					(30,758,000)			(30,758,000)	2,331,000		(302,000)
Issuance of Series A convertible preferred stock														125,763,000
Dividends on convertible preferred stock		(1,134,000)				(1,134,000)				(1,134,000)				(1,134,000)
Employee benefit plans		(253,000)				(2,123,000)			1,870,000	(253,000)
Share-based compensation - equity awards		2,135,000				2,135,000				2,135,000
Unrealized foreign currency translation adjustment		12,869,000						11,032,000		11,032,000	1,837,000		33,000
Amortization of net actuarial loss, net of tax		70,000	[1]					70,000		70,000
Amortization of prior service cost, net of tax		(27,000)	[1]					(27,000)		(27,000)
Other, net		11,000				14,000	(2,000)		(1,000)	11,000			(468,000)
Ending Balance at Sep. 30, 2020		210,468,000			37,402,000	570,447,000	(202,691,000)	(42,687,000)	(227,623,000)	134,848,000	75,620,000		5,271,000	126,897,000
Beginning Balance at Dec. 31, 2020		174,099,000			37,402,000	568,100,000	(253,164,000)	(30,641,000)	(225,742,000)	95,955,000	78,144,000		5,225,000	128,769,000
Increase Decrease In Stockholders' Equity [Roll Forward]
Net Income (loss)		(44,597,000)					(43,152,000)			(43,152,000)	(1,445,000)		(494,000)
Dividends on convertible preferred stock		(1,898,000)				(1,898,000)				(1,898,000)				(1,898,000)
Capital contribution (distributions) to (from) noncontrolling interest		(951,000)									(951,000)		142,000
Payment of payroll taxes on stock-based compensation through shares withheld		(519,000)							(519,000)	(519,000)
Employee benefit plans		380,000				(1,198,000)			1,578,000	380,000
Share-based compensation - equity awards		1,626,000				1,626,000				1,626,000
Unrealized foreign currency translation adjustment		4,727,000						3,977,000		3,977,000	750,000		77,000
Amortization of net actuarial loss, net of tax		177,000						177,000		177,000
Amortization of prior service cost, net of tax		(56,000)						(56,000)		(56,000)
Acquisitions				$ 6,759,000								$ 6,759,000
Other, net		12,000				13,000	(1,000)			12,000			56,000
Ending Balance at Mar. 31, 2021		139,759,000			37,402,000	566,643,000	(296,317,000)	(26,543,000)	(224,683,000)	56,502,000	83,257,000		5,006,000	130,667,000
Beginning Balance at Dec. 31, 2020		174,099,000			37,402,000	568,100,000	(253,164,000)	(30,641,000)	(225,742,000)	95,955,000	78,144,000		5,225,000	128,769,000
Increase Decrease In Stockholders' Equity [Roll Forward]
Amortization of net actuarial loss, net of tax	[1]	261,000
Amortization of prior service cost, net of tax	[1]	(56,000)
Acquisitions		6,759,000
Ending Balance at Sep. 30, 2021		112,259,000			37,402,000	567,051,000	(325,226,000)	(31,416,000)	(222,203,000)	25,608,000	86,651,000		5,251,000	132,591,000
Beginning Balance at Mar. 31, 2021		139,759,000			37,402,000	566,643,000	(296,317,000)	(26,543,000)	(224,683,000)	56,502,000	83,257,000		5,006,000	130,667,000
Increase Decrease In Stockholders' Equity [Roll Forward]
Net Income (loss)		(42,536,000)					(42,026,000)			(42,026,000)	(510,000)		(431,000)
Dividends on convertible preferred stock		(1,923,000)				(1,923,000)				(1,923,000)				(1,923,000)
Capital contribution (distributions) to (from) noncontrolling interest		7,000									7,000		124,000
Payment of payroll taxes on stock-based compensation through shares withheld		(82,000)							(82,000)	(82,000)
Employee benefit plans		498,000				(143,000)			641,000	498,000
Share-based compensation - equity awards		2,071,000				2,071,000				2,071,000
Unrealized foreign currency translation adjustment		4,746,000						3,677,000		3,677,000	1,069,000		79,000
Amortization of net actuarial loss, net of tax		1,000						1,000		1,000
Other, net		26,000				(10,000)			23,000	33,000	(7,000)		547,000	1,000
Ending Balance at Jun. 30, 2021		102,567,000			37,402,000	566,658,000	(338,343,000)	(22,865,000)	(224,101,000)	18,751,000	83,816,000		5,325,000	132,591,000
Increase Decrease In Stockholders' Equity [Roll Forward]
Net Income (loss)		20,071,000					15,067,000			15,067,000	5,004,000		(296,000)
Dividends on convertible preferred stock		(1,950,000)					(1,950,000)			(1,950,000)
Capital contribution (distributions) to (from) noncontrolling interest		(216,000)									(216,000)		(16,000)
Payment of payroll taxes on stock-based compensation through shares withheld		(29,000)							(29,000)	(29,000)
Employee benefit plans		199,000				(1,751,000)			1,950,000	199,000
Share-based compensation - equity awards		2,163,000				2,163,000				2,163,000
Unrealized foreign currency translation adjustment		(10,594,000)						(8,634,000)		(8,634,000)	(1,960,000)		(282,000)
Amortization of net actuarial loss, net of tax		83,000	[1]					83,000		83,000
Other, net		(35,000)				(19,000)	0		(23,000)	42,000	7,000		488,000
Ending Balance at Sep. 30, 2021		$ 112,259,000			$ 37,402,000	$ 567,051,000	$ (325,226,000)	$ (31,416,000)	$ (222,203,000)	$ 25,608,000	$ 86,651,000		$ 5,251,000	$ 132,591,000
[1]	The tax effect on other comprehensive income (loss) is not significant

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY AND MEZZANINE EQUITY (Parenthetical) (Unaudited)	3 Months Ended
	Mar. 31, 2020$ / shares
Statement Of Stockholders Equity [Abstract]
Dividends on common stock per share	$ 0.10

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Cash flows from operating activities
Net loss	$ (68,283)	$ (325,280)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	39,986	43,051
Deferred income taxes	(131)	20,428
(Income) loss from discontinued operations	(534)	1,822
Restructuring charges	5,799	12,370
Impairment charges		203,076
Gains on dispositions of property and other assets	(9,345)	(14,935)
Share-based compensation expense	5,960	649
Multi-employer pension plan withdrawal	57	462
Other non-cash items, net	4,642	10,371
Change in operating assets and liabilities:
Receivables	(53,998)	104,722
Inventories	(68)	833
Current contract costs	(10,123)	16,418
Accounts payable	39,204	(76,355)
Restructuring liabilities	(4,413)	(4,606)
Accrued compensation	7,611	(25,268)
Contract liabilities	26,386	(32,650)
Income taxes payable	(181)	1,290
Other assets and liabilities, net	14,718	20,083
Net cash used in operating activities	(2,713)	(43,519)
Cash flows from investing activities
Capital expenditures	(45,187)	(40,057)
Cash surrender value of life insurance policies		24,767
Cash paid for acquisitions, net	(7,704)
Proceeds from dispositions of property and other assets	14,292	21,788
Net cash (used in) provided by investing activities	(38,599)	6,498
Cash flows from financing activities
Proceeds from borrowings	451,350	191,733
Payments on debt and finance lease obligations	(335,665)	(273,663)
Dividends paid on common stock		(4,064)
Dividends paid on preferred stock	(1,950)
Distributions to noncontrolling interest, net of contributions from noncontrolling interest	(798)	(1,526)
Payments of debt issuance costs	(1,767)	(1,585)
Payment of payroll taxes on stock-based compensation through shares withheld or repurchased	(1,119)	(1,062)
Common stock purchased for treasury		(2,785)
Proceeds from issuance of Convertible Series A Preferred Stock, net of issuance costs		125,763
Proceeds from exercise of stock options		2,077
Net cash provided by financing activities	110,051	34,888
Effect of exchange rate changes on cash, cash equivalents, and restricted cash	2,551	(1,027)
Net change in cash, cash equivalents, and restricted cash	71,290	(3,160)
Cash, cash equivalents, and restricted cash, beginning of year	41,971	62,004
Cash, cash equivalents, and restricted cash, end of period	$ 113,261	$ 58,844

Overview and Basis of Presentat

Overview and Basis of Presentation	9 Months Ended
	Sep. 30, 2021
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Overview and Basis of Presentation	Note 1. Overview and Basis of Presentation Basis of Presentation The accompanying unaudited condensed consolidated financial statements were prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and with the instructions to Form 10-Q and Article 10 of Regulation S-X for interim financial information. Accordingly, these financial statements do not include all of the information required by GAAP or SEC rules and regulations for complete financial statements. These financial statements reflect all adjustments (consisting of normal recurring adjustments) necessary for a fair presentation of the results for the interim periods presented. Interim results are not necessarily indicative of the results for the full year. These unaudited condensed consolidated financial statements should be read in conjunction with our Annual Report on Form 10-K for the year ended December 31, 2020, filed with the SEC on March 2, 2021 (“2020 Form 10-K”). The condensed consolidated financial statements include the accounts of Viad and its subsidiaries. We have eliminated all significant intercompany account balances and transactions in consolidation. Nature of Business We are a leading provider of experiential leisure travel and live events and marketing experiences with operations in the United States, Canada, the United Kingdom, continental Europe, the United Arab Emirates, and Iceland. We are committed to providing unforgettable experiences to our clients and guests. We operate through two reportable business segments: GES and Pursuit. GES GES is a global, full-service provider for live events that partners with show organizers, exhibitors, and brand marketers to create high-value, live events. GES offers a comprehensive range of live event services, from the design and production of compelling, immersive experiences that engage audiences and build brand awareness, to material handling, rigging, electrical, and other on-site event services. In addition, GES offers clients a full suite of audio-visual services from creative and technology to content and design, along with registration, data analytics, engagement, and online tools powered by next generation technologies that help clients easily manage the complexities of their event. Pursuit Pursuit is a collection of inspiring and unforgettable travel experiences that include recreational attractions, unique hotels and lodges, food and beverage, retail, sightseeing, and ground transportation services. Pursuit comprises the Banff Jasper Collection, the Alaska Collection, the Glacier Park Collection, FlyOver, and the Sky Lagoon. Impact of COVID-19 Starting in mid-March 2020, the COVID-19 pandemic had a significant and negative impact on our operations and financial performance, with severe disruptions in live event and tourism activity. In response, we implemented aggressive cost reduction measures in 2020 to preserve cash, including furloughs, layoffs, mandatory unpaid time off or salary reductions for all employees, and the reduction of discretionary spending. We also suspended future common stock dividend payments and share repurchases, and we availed ourselves of governmental assistance programs for wages and other expense relief. Additionally, in May and August 2020, we obtained waivers of the financial covenants under our then $ 450 million revolving credit facility (“the 2018 Credit Facility”), which we subsequently refinanced in July 2021 as discussed below, and we secured additional capital to strengthen our liquidity position by entering into an investment agreement with funds managed by private equity firm Crestview Partners who made an investment of $ 135 million, offset in part by $ 9.2 million in fees, in newly issued perpetual convertible preferred stock. Refer to Note 15 – Common and Preferred Stock for further information. During 2021, we continued to preserve cash and closely manage our costs as pandemic-related restrictions lessened. In connection with COVID-19 vaccination programs, we began to see signs of recovery in the travel and hospitality and live event sectors during early 2021 as people started to feel more comfortable traveling and gathering in larger groups. Pursuit’s operations in the United States experienced strong visitation primarily from domestic travelers, while tourism in Canada remained constrained by border closures. Canada reopened its border with the United States in early August 2021 to fully vaccinated travelers and to travelers from other countries beginning in September 2021, which accelerated short-term bookings from long-haul travelers to our Pursuit operations in Canada. The live event markets also began to re-open in 2021 with smaller scale live events starting to take place during the first half of the year. Toward the end of the second quarter and into the third quarter, we began to see an acceleration in the recovery of in-person trade shows as event organizers began to hold larger scale face-to-face live events. Effective July 30, 2021, we refinanced our 2018 Credit Facility, which was scheduled to mature on October 24, 2023 , with a new $ 500 million senior secured credit facility (the “2021 Credit Facility”) to provide for financial flexibility to support our growth initiatives. The 2021 Credit Facility provides for a $ 400 million term loan with a maturity date of July 30, 2028 (“Term Loan B”) and a $ 100 million revolving credit facility with a maturity date of July 30, 2026 . The loan proceeds of $ 400 million were offset in part by $ 14.8 million in fees. The proceeds from the Term Loan B were used to repay the 2018 Credit Facility and the remaining proceeds will be used to fund future acquisitions and growth initiatives and for general corporate purposes. Refer to Note 12 – Debt and Finance Lease Obligations for further information. Although we have seen a recent acceleration in demand and bookings and early signs of recovery for travel and in-person live events, we remain cautious as variants of COVID-19, including the predominant Delta variant, have caused an increase in infections and hospitalizations across the United States and globally. Due to the evolving and uncertain nature of COVID-19, and depending on the success of ongoing vaccination and other mitigation efforts as well as the scope and magnitude of infections and hospitalizations, we are not able at this time to fully estimate the effect of these factors on our business; however, the adverse impact on our business, results of operations, and, cash flows has been significant. We will continue to evaluate and implement additional actions necessary to mitigate the negative financial and operational impact of COVID-19 on our business. Reclassifications During the first quarter of 2021, we reorganized GES’ operating segments to represent the changes in how our chief operating decision maker (“CODM”) reviews the financial performance of GES and makes decisions regarding the allocation of resources. As a result, we changed the presentation of certain items in GES’ disaggregation of revenue and reportable segments. Refer to Note 2 – Revenue and Related Contract Costs and Contract Liabilities and Note 23 – Segment Information for additional information. We reclassified certain prior-year amounts to conform to current-period presentation. Such reclassifications had no impact on our results of operations or cash flows. Correction to Prior Period Financial Statements As previously disclosed in our 2020 Form 10-K, and subsequent to the issuance of the Condensed Consolidated Financial Statements for the quarter ended September 30, 2020, we identified prior period errors related to the recognition of revenue of GES’ third-party services. Revenue from these services should have been recorded on a net basis to reflect only the fees received for arranging these services, whereas previously, we recorded this revenue on a gross basis, thus overstating revenue and cost of services by the same amount. As a result, we corrected the accompanying Condensed Consolidated Statements of Operations for the three and nine months ended September 30, 2020 related to this gross-to-net adjustment. We determined that these errors were not material to the previously issued financial statements. Note 2 – Revenue and Related Contract Costs and Contract Liabilities and Note 23 – Segment Information reflect this correction. Three Months Ended September 30, 2020 Nine Months Ended September 30, 2020 (in thousands) Services Revenue Cost of Services Services Revenue Cost of Services As previously reported $ 43,702 $ 51,730 $ 335,383 $ 395,432 Gross to net correction for GES ( 265 ) ( 265 ) ( 2,331 ) ( 2,331 ) Total as corrected $ 43,437 $ 51,465 $ 333,052 $ 393,101 Impact of Recent Accounting Pronouncements The following table provides a brief description of recent accounting pronouncements: Standard Description Date of adoption Effect on the financial statements Standards Not Yet Adopted ASU 2020-06, Debt - Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging - Contracts in Entity’s Own Equity (Subtopic 815-40) The amendment simplifies the accounting for convertible instruments by reducing the number of accounting models available for convertible debt instruments and convertible preferred stock. The amendment also requires expanded disclosures about the terms and features of convertible instruments. 1/1/2022 We are currently evaluating the potential impact of the adoption of this new guidance on our consolidated financial statements. We do not expect this new guidance will have a material impact on our consolidated financial statements. Standard Description Date of adoption Effect on the financial statements Standards Recently Adopted ASU 2019-12 , Income Taxes (Topic 740) Simplifying the Accounting for Income Taxes The amendment enhances and simplifies various aspects of the income tax accounting guidance, including requirements such as ownership changes in investments, and interim-period accounting for enacted changes in tax law. 1/1/2021 The adoption of this new standard on January 1, 2021 did not have a material impact on our consolidated financial statements. Significant Accounting Policies Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reported period. Estimates and assumptions are used in accounting for, among other things: impairment testing of recorded goodwill and intangible assets and long-lived assets; allowances for uncollectible accounts receivable; sales reserve allowances; provisions for income taxes, including uncertain tax positions; valuation allowances related to deferred tax assets; liabilities for losses related to self-insured liability claims; liabilities for losses related to environmental remediation obligations; sublease income associated with restructuring liabilities; pension and postretirement benefit costs and obligations; share-based compensation costs; the discount rates used to value lease obligations; the redemption value of redeemable noncontrolling interests; and the allocation of purchase price of acquired businesses. Actual results could differ from these and other estimates. Cash, Cash Equivalents, and Restricted Cash Cash equivalents are highly-liquid investments with remaining maturities when purchased of three months or less . Cash and cash equivalents consist of cash and bank demand deposits and money market funds. Investments in money market funds are classified as available-for-sale and carried at fair value. Restricted cash represents collateral required for surety bonds, bank guarantees, and letters of credit. Cash, cash equivalents, and restricted cash balances presented in the Condensed Consolidated Statements of Cash Flows consisted of the following: September 30, December 31, (in thousands) 2021 2020 Cash and cash equivalents $ 110,756 $ 39,545 Restricted cash included in other current assets 2,505 2,426 Cash, cash equivalents, and restricted cash shown in the statement of cash flows $ 113,261 $ 41,971 Revenue Recognition Revenue is measured based on a specified amount of consideration in a contract with a customer, net of commissions paid to customers and amounts collected on behalf of third parties. We recognize revenue when a performance obligation is satisfied by transferring control of a product or delivering the service to a customer. GES’ service revenue is primarily derived through its comprehensive range of marketing, event production, and other related services to event organizers and corporate brand marketers. GES’ service revenue is earned over time over the duration of the live event, which generally lasts one to three days. Revenue for goods and services provided for which we do not have control of the goods or services before that good or service is transferred to a customer is recorded on a net basis to reflect only the fees received for arranging these services. GES’ product revenue is derived from the build of exhibits and environments and graphics. GES’ product revenue is recognized at a point in time upon delivery of the product. Pursuit’s service revenue is derived through its admissions, accommodations, transportation, and travel planning services. Pursuit’s product revenue is derived through food and beverage and retail sales. Pursuit’s revenue is recognized at the time services are performed or upon delivery of the product. Pursuit’s service revenue is recognized over time as the customer simultaneously receives and consumes the benefits. Pursuit’s product revenue is recognized at a point in time . Noncontrolling Interests – Non-redeemable and Redeemable Non-redeemable noncontrolling interest represents the portion of equity in a subsidiary that is not attributable, directly or indirectly, to us. We report non-redeemable noncontrolling interest within stockholders’ equity in the Condensed Consolidated Balance Sheets. The amount of consolidated net income or loss attributable to Viad and the non-redeemable noncontrolling interest is presented in the Condensed Consolidated Statements of Operations. We consider noncontrolling interests with redemption features that are not solely within our control to be redeemable noncontrolling interests. Our redeemable noncontrolling interest relates to our 54.9 % equity ownership interest in Esja Attractions ehf. (“Esja”), which owns the FlyOver Iceland attraction. The Esja shareholders agreement contains a put option that gives the minority Esja shareholders the right to sell (or “put”) their Esja shares to us based on a calculated formula within a predefined term. This redeemable noncontrolling interest is considered mezzanine equity and we report it between liabilities and stockholders’ equity in the Condensed Consolidated Balance Sheets. The amount of the net income or loss attributable to redeemable noncontrolling interests is recorded in the Condensed Consolidated Statements of Operations and the accretion of the redemption value is recorded as an adjustment to accumulated deficit and is included in our income (loss) per share. Refer to Note 22 – Noncontrolling Interest – Redeemable and Non-redeemable for additional information. Convertible Preferred Stock We record shares of convertible preferred stock based on proceeds received net of costs on the date of issuance. Redeemable preferred stock (including preferred stock that features redemption rights that are either within the control of the holder or subject to redemption upon the occurrence of uncertain events not solely within our control) is classified as mezzanine equity and is reported between liabilities and stockholders’ equity in the Condensed Consolidated Balance Sheets. Leases We recognize a right-of-use (“ROU”) asset and lease liability on the balance sheet and classify leases as either finance or operating leases. The classification of the lease determines whether we recognize the lease expense on an effective interest method basis (finance lease) or on a straight-line basis (operating lease) over the lease term. In determining whether an agreement contains a lease, we consider if we have a right to control the use of the underlying asset during the lease term in exchange for an obligation to make lease payments arising from the lease. We recognize ROU assets and lease liabilities at commencement date, which is when the underlying asset is available for use to a lessee, based on the present value of lease payments over the lease term. Our operating and finance leases are primarily facility, equipment, and land leases. Our facility leases comprise mainly manufacturing facilities, sales and design facilities, offices, storage and/or warehouses, and truck marshaling yards. These facility leases generally have lease terms ranging up to 24 years. Our equipment leases comprise mainly vehicles, hardware, and office equipment, each with various lease terms. Our land leases comprise mainly leases in Canada and Iceland on which our hotels or attractions are located and have lease terms ranging up to 46 years. If a lease contains a renewal option that is reasonably certain to be exercised, then the lease term includes the optional periods in measuring a ROU asset and lease liability. We evaluate the reasonably certain threshold at lease commencement, and it is typically met if we identify substantial economic incentives or termination penalties. We do not include variable leases and variable non-lease components in the calculation of the ROU asset and corresponding lease liability. For facility leases, variable lease costs include the costs of common area maintenance, taxes, and insurance for which we pay our lessors an estimate that we adjust to actual expense on a quarterly or annual basis depending on the underlying contract terms. We expense these variable lease payments as incurred. Our lease agreements do not contain any significant residual value guarantees or restrictive covenants. Substantially all of our lease agreements do not specify an implicit borrowing rate, and as such, we utilize an incremental borrowing rate based on lease term and country, in order to calculate the present value of our future lease payments. The discount rate represents a risk-adjusted rate on a collateralized basis and is the expected rate at which we would borrow funds to satisfy the scheduled lease liability payment streams commensurate with the lease term and the country. We are also a lessor to third party tenants who either lease certain portions of facilities that we own or sublease certain portions of facilities that we lease. We record lease income from owned facilities as rental income and we record sublease income from leased facilities as an offset to lease expense in the Condensed Consolidated Statements of Operations. We classify all of our leases for which we are the lessor as operating leases.

Revenue and Related Contract Co

Revenue and Related Contract Costs and Contract Liabilities	9 Months Ended
	Sep. 30, 2021
Revenue From Contract With Customer [Abstract]
Revenue and Related Contract Costs and Contract Liabilities	Note 2. Revenue and Related Contract Costs and Contract Liabilities GES’ performance obligations consist of services or product(s) outlined in a contract. While we often sign multi-year contracts for recurring events, the obligations for each occurrence are well defined and conclude upon the occurrence of each event. The obligations are typically the provision of services and/or sale of a product in connection with a live event. Revenue for goods and services provided for which we do not have control of the goods or services before that good or service is transferred to a customer is recorded on a net basis to reflect only the fees received for arranging these services. We recognize revenue for services generally at the close of the live event. We recognize revenue for products either upon delivery to the customer’s location, upon delivery to an event that we are serving, or when we have the right to invoice. In circumstances where a customer cancels a contract, we generally have the right to bill the customer for costs incurred to date. Payment terms are generally within 30 - 60 days and contain no significant financing components. Pursuit’s performance obligations are short-term in nature. They include the provision of a hotel room, an attraction admission, a chartered or ticketed bus or van ride, the fulfillment of travel planning itineraries, and/or the sale of food, beverage, or retail products. We recognize revenue when the service has been provided or the product has been delivered. When we extend credit, payment terms are generally within 30 days and contain no significant financing components. Contract Liabilities GES and Pursuit typically receive customer deposits prior to transferring the related product or service to the customer. We record these deposits as a contract liability, which are recognized as revenue upon satisfaction of the related contract performance obligation(s). GES also provides customer rebates and volume discounts to certain event organizers that we recognize as a reduction of revenue. We include these amounts in the Condensed Consolidated Balance Sheets under the captions “Contract liabilities” and “Other deferred items and liabilities.” Changes to contract liabilities are as follows: (in thousands) Balance at December 31, 2020 $ 18,618 Cash additions 117,499 Revenue recognized ( 90,638 ) Foreign exchange translation adjustment ( 584 ) Balance at September 30, 2021 $ 44,895 Contract Costs GES capitalizes certain incremental costs incurred in obtaining and fulfilling contracts. Capitalized costs principally relate to direct costs of materials and services incurred in fulfilling services of future exhibitions, conferences, and events, and also include up-front incentives and commissions incurred upon contract signing. We expense costs associated with preliminary contract activities (i.e. proposal activities) as incurred. Capitalized contract costs are expensed upon the transfer of the related goods or services and are included in costs of services or costs of products, as applicable . We include the deferred incremental costs of obtaining and fulfilling contracts in the Condensed Consolidated Balance Sheets under the captions “Current contract costs” and “Other investments and assets.” Changes to contract costs are as follows: (in thousands) Balance at December 31, 2020 $ 10,835 Additions 24,514 Expenses ( 14,061 ) Cancelled ( 709 ) Foreign exchange translation adjustment ( 57 ) Balance at September 30, 2021 $ 20,522 As of September 30, 2021 , capitalized contract costs consisted of $ 0.6 million to obtain contracts and $ 19.9 million to fulfill contracts. We did no t recognize an impairment loss with respect to capitalized contract costs during the three and nine months ended September 30, 2021 or 2020. Disaggregation of Revenue During the first quarter of 2021, we changed GES’ presentation of certain items in the following disaggregation of revenue table to depict how the nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factors. All prior periods have been reclassified to conform to this new reporting structure. The following tables disaggregate GES and Pursuit revenue by major service and product lines, timing of revenue recognition, and markets served: GES Three Months Ended Nine Months Ended September 30, September 30, (in thousands) 2021 2020 2021 2020 Service lines: Exhibitions and Conferences $ 81,029 $ 4,625 $ 96,881 $ 222,038 Brand experiences 31,009 8,895 55,194 85,831 Venue services 4,006 472 8,034 12,061 Total revenue $ 116,044 $ 13,992 $ 160,109 $ 319,930 Timing of revenue recognition: Services transferred over time $ 100,865 $ 12,031 $ 139,241 $ 287,457 Products transferred over time (1) 6,509 247 7,659 13,442 Products transferred at a point in time 8,670 1,714 13,209 19,031 Total revenue $ 116,044 $ 13,992 $ 160,109 $ 319,930 Geographical markets: North America $ 92,648 $ 11,686 $ 127,978 $ 272,391 EMEA 24,084 2,590 34,061 50,797 Intersegment eliminations ( 688 ) ( 284 ) ( 1,930 ) ( 3,258 ) Total revenue $ 116,044 $ 13,992 $ 160,109 $ 319,930 (1) GES’ graphics product revenue is earned over time over the duration of an event as it is considered a part of the single performance obligation satisfied over time. Pursuit Three Months Ended Nine Months Ended September 30, September 30, (in thousands) 2021 2020 2021 2020 Services: Admissions $ 39,480 $ 12,229 $ 51,069 $ 17,865 Accommodations 37,553 18,021 54,742 23,994 Transportation 3,453 445 4,913 2,513 Travel planning and other 2,019 855 4,668 1,484 Intersegment eliminations ( 406 ) ( 144 ) ( 463 ) ( 261 ) Total services revenue 82,099 31,406 114,929 45,595 Products: Food and beverage 18,029 6,783 25,152 9,047 Retail operations 17,427 10,626 23,577 12,960 Total products revenue 35,456 17,409 48,729 22,007 Total revenue $ 117,555 $ 48,815 $ 163,658 $ 67,602 Timing of revenue recognition: Services transferred over time $ 82,099 $ 31,406 $ 114,929 $ 45,595 Products transferred at a point in time 35,456 17,409 48,729 22,007 Total revenue $ 117,555 $ 48,815 $ 163,658 $ 67,602 Markets: Banff Jasper Collection $ 52,602 $ 26,395 $ 71,720 $ 39,234 Alaska Collection 25,932 5,436 37,279 6,167 Glacier Park Collection 32,081 14,929 43,627 16,813 FlyOver 2,296 2,055 3,494 5,388 Sky Lagoon (1) 4,644 — 7,538 — Total revenue $ 117,555 $ 48,815 $ 163,658 $ 67,602 (1) We opened Pursuit’s new Sky Lagoon attraction on April 30, 2021 in Reykjavik, Iceland.

Share-Based Compensation

Share-Based Compensation	9 Months Ended
	Sep. 30, 2021
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Share-Based Compensation	Note 3. Share-Based Compensation We grant share-based compensation awards to our officers, directors, and certain key employees pursuant to the 2017 Viad Corp Omnibus Incentive Plan (the “2017 Plan”). The 2017 Plan has a 10-year term and provides for the following types of awards: (a) incentive and non-qualified stock options; (b) restricted stock awards and restricted stock units; (c) performance units or performance shares; (d) stock appreciation rights; (e) cash-based awards; and (f) certain other stock-based awards. In June 2017, we registered 1,750,000 shares of common stock issuable under the 2017 Plan. As of September 30, 2021 , there were 736,786 shares available for future grant under the 2017 Plan. The following table summarizes share-based compensation (income) expense: Three Months Ended Nine Months Ended September 30, September 30, (in thousands) 2021 2020 2021 2020 Performance-based restricted stock units $ ( 118 ) $ 149 $ 488 $ ( 2,596 ) Restricted stock awards and restricted stock units 1,284 1,698 3,964 3,155 Stock options 578 90 1,508 90 Share-based compensation expense before income tax 1,744 1,937 5,960 649 Income tax benefit (1) ( 21 ) — ( 76 ) — Share-based compensation expense, net of income tax $ 1,723 $ 1,937 $ 5,884 $ 649 (1) The 2021 income tax benefit amount primarily reflects the tax benefit associated with our Canadian-based employees. There was no income tax benefit associated with our employees in the United States and the United Kingdom due to a valuation allowance on our deferred tax assets within these jurisdictions. Refer to Note 17 – Income Taxes. Performance-based Restricted Stock Units Performance-based restricted stock units (“PRSU”) are tied to our stock price and the expected achievement of certain performance-based criteria. The vesting of PRSUs is based upon the achievement of the performance-based criteria over a three to four-year period. We account for PRSUs that will be settled in shares of our common stock as equity-based awards. We measure share-based compensation expense of equity-based awards at fair value on the grant date on a straight-line basis over the vesting period. The estimated number of units to be achieved is updated each reporting period. We account for PRSUs that will be settled in cash as liability-based awards. We measure share-based compensation expense of liability-based awards at fair value at each reporting date until the date of settlement. Forfeitures are recorded when they occur. During the nine months ended September 30, 2021 , we granted PRSUs with a grant date fair value of $ 3.2 million, all of which are payable in shares. In 2021, PRSUs granted in 2018 vested; however, as performance metrics were not achieved, no awards were paid in cash or in shares. In 2020, PRSUs granted in 2017 vested and we paid $ 2.6 million in cash. No PRSUs were paid in shares in 2020. As of September 30, 2021 , the unamortized cost of outstanding equity-based PRSUs was $ 2.7 million, which we expect to recognize over a weighted-average period of approximately 2.3 years. Liabilities related to liability-based PRSUs were $ 0.8 million as of September 30, 2021 and $ 0.8 million as of December 31, 2020. The following table summarizes the activity of the outstanding PRSUs: Equity-Based Liability-Based Shares Weighted-Average Shares Weighted-Average Balance at December 31, 2020 61,208 $ 57.18 121,485 $ 56.34 Granted 101,785 $ 31.28 — $ — Vested — $ — ( 42,698 ) $ 51.96 Forfeited — $ — ( 1,041 ) $ 56.90 Balance at September 30, 2021 162,993 $ 41.01 77,746 $ 57.13 Service-based Restricted Stock Awards and Restricted Stock Units Restricted stock awards and restricted stock units are service-based awards. We account for restricted stock awards and restricted stock units that will be settled in shares of our common stock as equity-based awards. We measure share-based compensation expense of equity-based awards at fair value on the grant date on a straight-line basis over the vesting period. We account for restricted stock units that will be settled in cash as liability-based awards. We measure share-based compensation expense of liability-based awards at fair value at each reporting date until the date of settlement. Forfeitures are recorded when they occur. As of September 30, 2021 , the unamortized cost of outstanding equity-based restricted stock awards and restricted stock units was $ 5.0 million, which we expect to recognize over a weighted-average period of approximately 1.2 years. We repurchased 25,856 shares for $ 1.1 million during the nine months ended September 30, 2021 and 17,961 shares for $ 1.1 million during the nine months ended September 30, 2020 related to tax withholding requirements on vested share-based awards. Aggregate liabilities related to liability-based restricted stock units were $ 0.2 million as of September 30, 2021 and $ 0.2 million as of December 31, 2020. During the nine months ended September 30, 2021 , 3,174 restricted stock units vested, and we paid $ 0.1 million in cash. During the nine months ended September 30, 2020 , 2,815 restricted stock units vested, and we paid $ 0.2 million in cash and $ 0.8 million in shares. The following table summarizes the activity of the outstanding restricted stock awards and restricted stock units: Equity-Based Equity-Based Liability-Based Shares Weighted-Average Shares Weighted-Average Shares Weighted-Average Balance at December 31, 2020 107,107 $ 53.23 151,261 $ 19.51 10,459 $ 51.91 Granted 22,560 $ 44.77 88,367 $ 44.12 — $ — Vested ( 48,879 ) $ 49.92 ( 34,998 ) $ 19.73 ( 3,174 ) $ 52.24 Forfeited ( 2,279 ) $ 56.63 ( 3,673 ) $ 19.75 — $ — Balance at September 30, 2021 78,509 $ 52.77 200,957 $ 30.29 7,285 $ 53.34 Stock Options We grant non-qualified stock options that are performance-based, as well as non-qualified options that are service-based. The performance-based awards are recognized on a straight-line basis over the performance period ranging from 1.4 to 3.4 years, and the underlying shares expected to be settled are adjusted each reporting period based on estimated future achievement of the respective performance metrics. The service-based awards are recognized on a straight-line basis over the requisite service period on a graded-vesting schedule ranging from two to three years . The following table summarizes stock option activity: Shares Weighted-Average Aggregate Intrinsic Value (1) Options outstanding at December 31, 2020 204,150 $ 19.98 Granted 137,858 $ 44.80 Exercised — $ — Options outstanding at September 30, 2021 342,008 $ 29.98 $ 5,276,367 Options exercisable at September 30, 2021 27,075 $ 21.85 $ 637,887 (1) The aggregate intrinsic value of stock options outstanding represents the difference between our closing stock price at the end of the reporting period and the exercise price, multiplied by the number of in-the-money stock options. The following table summarizes stock options outstanding and exercisable as of September 30, 2021: Options Outstanding Options Exercisable Range of exercise prices Shares Weighted-Average Weighted-Average Shares Weighted-Average $ 19.30 150,000 7.25 $ 19.30 — $ — $ 21.85 54,150 5.91 $ 21.85 27,075 $ 21.85 $ 44.80 137,858 6.40 $ 44.80 — $ — $ 19.30 -$ 44.80 342,008 6.70 $ 29.98 27,075 $ 21.85 The fair value of stock options granted in 2021 was estimated on the date of grant using the Black-Scholes option pricing model. Following is additional information on stock options granted during the nine months ended September 30, 2021 and the underlying assumptions used in assessing fair value: Nine Months Ended September 30, 2021 Assumptions used to estimate fair value of stock options granted: Risk-free interest rate 0.50 % Expected term (in years) 4.5 Expected volatility 55.8 % Expected dividend yield — Weighted average grant-date fair value per share of options granted $ 20.26 As of September 30, 2021 , the total unrecognized compensation cost related to non-vested stock option awards was $ 2.7 million. We expect to recognize such costs over a weighted-average period of approximately 1.5 years.

Acquisitions

Acquisitions	9 Months Ended
	Sep. 30, 2021
Business Combinations [Abstract]
Acquisitions	Note 4. Acquisitions 2021 Acquisitions Golden Skybridge On March 18, 2021 , we acquired a 60 % controlling interest in the Golden Skybridge attraction for total cash consideration of $ 15 million Canadian dollars (approximately $ 12 million U.S. dollars), of which $ 6 million Canadian dollars (approximately $ 4.8 million U.S. dollars) were primarily used to fund additional experiences. The Golden Skybridge opened in June 2021 . The fair value of net assets acquired as of the acquisition date included $ 2.2 million U.S. dollars in property and equipment and $ 6.8 million U.S. dollars in noncontrolling interest. Under the acquisition method of accounting, the purchase price is allocated to the tangible and identifiable intangible assets acquired and liabilities assumed based on their estimated fair values. The excess purchase price over the fair value of net assets acquired of $ 11.8 million U.S. dollars was recorded as “Goodwill.” Goodwill is included in the Pursuit business group. The primary factor that contributed to the purchase price resulting in the recognition of goodwill related to future growth opportunities when combined with our other businesses. Goodwill is not deductible for tax purposes. We included these assets in the Condensed Consolidated Balance Sheets from the date of acquisition. Transaction costs associated with the acquisition were $ 0.3 million U.S. dollars during 2021, which are included in “Costs of services” in the Condensed Consolidated Statements of Operations.

Inventories

Inventories	9 Months Ended
	Sep. 30, 2021
Inventory Disclosure [Abstract]
Inventories	Note 5. Inventories We state inventories, which consist primarily of exhibit design and construction materials and supplies, as well as retail inventory, at the lower of cost (first-in, first-out and specific identification methods) or net realizable value. The components of inventories consisted of the following: September 30, December 31, (in thousands) 2021 2020 Raw materials $ 2,482 $ 3,362 Finished goods 6,269 5,365 Inventories $ 8,751 $ 8,727

Other Current Assets

Other Current Assets	9 Months Ended
	Sep. 30, 2021
Deferred Costs Capitalized Prepaid And Other Assets Disclosure [Abstract]
Other Current Assets	Note 6. Other Current Assets Other current assets consisted of the following: September 30, December 31, (in thousands) 2021 2020 Prepaid software maintenance $ 3,887 $ 3,058 Income tax receivable 4,333 337 Prepaid insurance 2,824 4,297 Restricted cash 2,505 2,426 Prepaid vendor payments 2,188 1,835 Prepaid taxes 1,131 345 Prepaid other 1,954 1,296 Other 1,558 3,631 Other current assets $ 20,380 $ 17,225

Property and Equipment

Property and Equipment	9 Months Ended
	Sep. 30, 2021
Property Plant And Equipment [Abstract]
Property and Equipment	Note 7. Property and Equipment Property and equipment consisted of the following: September 30, December 31, (in thousands) 2021 2020 Land and land interests $ 30,504 $ 32,849 Buildings and leasehold improvements 387,955 386,751 Equipment and other 433,412 401,288 Gross property and equipment 851,871 820,888 Accumulated depreciation ( 367,854 ) ( 352,100 ) Property and equipment, net (excluding finance leases) 484,017 468,788 Finance lease ROU assets, net (1) 61,263 23,366 Property and equipment, net $ 545,280 $ 492,154 (1) The increase in finance lease ROU assets is primarily due to the commencement of Pursuit’s new Sky Lagoon attraction in Iceland during the first quarter of 2021. Depreciation expense was $ 10.8 million for the three months ended September 30, 2021 and $ 32.3 million for the nine months ended September 30, 2021. Depreciation expense was $ 11.5 million for the three months ended September 30, 2020 and $ 35.1 million for the nine months ended September 30, 2020. Property and equipment purchased through accounts payable and accrued liabilities decreased $ 0.3 million during the nine months ended September 30, 2021 and decreased $ 6.3 million during the nine months ended September 30, 2020 .

Other Investments and Assets

Other Investments and Assets	9 Months Ended
	Sep. 30, 2021
Investments All Other Investments [Abstract]
Other Investments and Assets	Note 8. Other Investments and Assets Other investments and assets consisted of the following: September 30, December 31, (in thousands) 2021 2020 Self-insured liability receivable $ 6,358 $ 6,358 Other mutual funds 3,903 3,457 Contract costs 2,561 2,912 Other 2,691 2,765 Other investments and assets $ 15,513 $ 15,492

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	9 Months Ended
	Sep. 30, 2021
Goodwill And Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	Note 9. Goodwill and Other Intangible Assets The changes in the carrying amount of goodwill are as follows: (in thousands) Pursuit Balance at December 31, 2020 $ 99,847 Business acquisition 11,776 Foreign currency translation adjustments 80 Balance at September 30, 2021 $ 111,703 Goodwill is tested for impairment at the reporting unit level on an annual basis as of October 31, and between annual tests if an event occurs or circumstances change that would more-likely-than-not reduce the fair value of a reporting unit below its carrying value. We use a discounted expected future cash flow methodology (income approach) to estimate the fair value of our reporting units for purposes of goodwill impairment testing. We recorded non-cash goodwill impairment charges of $ 185.8 million during the nine months ended September 30, 2020 primarily related to the write-off of all of GES’ goodwill due to the deteriorating macroeconomic environment related to the COVID-19 pandemic. Our remaining goodwill balance as of September 30, 2021 of $ 111.7 million pertains to our Pursuit business. Although certain of Pursuit’s reporting units continue to operate at a loss due to travel restrictions as a result of the COVID-19 pandemic, we did not record any impairment charges during 2021 as there were no significant changes to our outlook for the future years and the risk profile of the reporting units had not changed. Given the evolving nature of COVID-19, and the uncertain government and consumer reactions, the estimates and assumptions regarding expected future cash flows, discount rates, and terminal values used in our goodwill impairment analysis require considerable judgment and are based on our current estimates of market conditions, financial forecasts, and industry trends. These estimates, however, have inherent uncertainties and different assumptions could lead to materially different results including impairment charges in the future. Other intangible assets consisted of the following: September 30, 2021 December 31, 2020 (in thousands) Useful Life Gross Accumulated Net Gross Accumulated Net Intangible assets subject to amortization: Customer contracts and relationships 6.1 $ 37,698 $ ( 28,398 ) $ 9,300 $ 38,214 $ ( 26,288 ) $ 11,926 Operating contracts and licenses 36.0 41,391 ( 3,160 ) 38,231 42,012 ( 2,405 ) 39,607 In-place lease 13.2 15,413 ( 980 ) 14,433 15,347 ( 656 ) 14,691 Tradenames 4.6 5,607 ( 2,631 ) 2,976 5,940 ( 2,435 ) 3,505 Non-compete agreements 0.3 773 ( 734 ) 39 770 ( 616 ) 154 Other 6.4 822 ( 130 ) 692 818 ( 102 ) 716 Total amortized intangible assets 101,704 ( 36,033 ) 65,671 103,101 ( 32,502 ) 70,599 Indefinite-lived intangible assets: Business licenses 573 — 573 573 — 573 Other intangible assets $ 102,277 $ (36,033 ) $ 66,244 $ 103,674 $ (32,502 ) $ 71,172 Intangible asset amortization expense was $ 1.6 million for the three months ended September 30, 2021 and $ 4.4 million for the nine months ended September 30, 2021. Intangible asset amortization was $ 1.5 million for the three months ended September 30, 2020 and $ 5.2 million for the nine months ended September 30, 2020 . We recorded a non-cash impairment charge to intangible assets of $ 15.7 million during the nine months ended September 30, 2020 related to our United States audio-visual production business. The duration and impact of COVID-19 may result in additional future impairment charges as facts and circumstances evolve. At September 30, 2021, the estimated future amortization expense related to intangible assets subject to amortization is as follows: (in thousands) Year ending December 31, Remainder of 2021 $ 1,353 2022 5,109 2023 4,451 2024 3,495 2025 2,200 Thereafter 49,063 Total $ 65,671

Other Current Liabilities

Other Current Liabilities	9 Months Ended
	Sep. 30, 2021
Other Liabilities Current [Abstract]
Other Current Liabilities	Note 10. Other Current Liabilities Other current liabilities consisted of the following: September 30, December 31, (in thousands) 2021 2020 Continuing operations: Accrued sales and use taxes $ 6,479 $ 1,547 Self-insured liability 5,066 5,715 Accrued employee benefit costs 4,523 2,363 Commissions payable 4,051 903 Accrued interest payable 3,995 3,042 Accrued restructuring 2,076 2,479 Current portion of pension and postretirement liabilities 1,618 1,805 Accrued professional fees 1,516 1,691 Other taxes 2,187 1,872 Other 4,898 5,123 Total continuing operations 36,409 26,540 Discontinued operations: Self-insured liability 296 347 Environmental remediation liabilities 62 61 Other 94 91 Total discontinued operations 452 499 Total other current liabilities $ 36,861 $ 27,039

Other Deferred Items and Liabil

Other Deferred Items and Liabilities	9 Months Ended
	Sep. 30, 2021
Other Liabilities Disclosure [Abstract]
Other Deferred Items and Liabilities	Note 11. Other Deferred Items and Liabilities Other deferred items and liabilities consisted of the following: September 30, December 31, (in thousands) 2021 2020 Continuing operations: Foreign deferred tax liability $ 29,482 $ 21,336 Multi-employer pension plan withdrawal liability 14,366 15,864 Self-insured liability 7,754 6,662 Self-insured excess liability 6,358 6,358 Accrued compensation 5,656 5,821 Accrued restructuring 2,640 2,751 Other 1,590 1,479 Total continuing operations 67,846 60,271 Discontinued operations: Environmental remediation liabilities 2,191 2,179 Self-insured liability 1,619 1,639 Other 250 539 Total discontinued operations 4,060 4,357 Total other deferred items and liabilities $ 71,906 $ 64,628

Debt and Finance Lease Obligati

Debt and Finance Lease Obligations	9 Months Ended
	Sep. 30, 2021
Debt Disclosure [Abstract]
Debt and Finance Lease Obligations	Note 12. Debt and Finance Lease Obligations The components of debt and finance lease obligations consisted of the following: September 30, December 31, (in thousands, except interest rates) 2021 2020 2021 Credit Facility, 5.5 % weighted-average interest rate at September 30, 2021, due through 2028 (1) $ 400,000 $ — 2018 Credit Facility, 4.5 % weighted-average interest rate at December 31, 2020 — 266,762 FlyOver Iceland Credit Facility, 4.9 % weighted-average interest rate at September 30, 2021 and December 31, 2020, due through 2023 (1) 5,619 5,820 FlyOver Iceland Term Loans, 3.8 % weighted-average interest rate at September 30, 2021 and December 31, 2020, due through 2024 (1) 689 705 Less unamortized debt issuance costs ( 15,525 ) ( 2,737 ) Total debt 390,783 270,550 Finance lease obligations, 9.1 % weighted-average interest rate at September 30, 2021 and 8.0 % at December 31, 2020, due through 2067 (2) 63,597 23,141 Total debt and finance lease obligations (3)(4) 454,380 293,691 Current portion ( 8,218 ) ( 8,335 ) Long-term debt and finance lease obligations $ 446,162 $ 285,356 (1) Represents the weighted-average interest rate in effect at the respective periods, including any applicable margin. The interest rates do not include amortization of debt issuance costs or commitment fees. (2) The increase in finance lease obligations is primarily due to the commencement of Pursuit’s new Sky Lagoon attraction in Iceland during the first quarter of 2021, which has a 46 -year lease term. (3) The estimated fair value of total debt and finance leases was $ 310.5 million as of September 30, 2021 and $ 254.0 million as of December 31, 2020 . 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. (4) Cash paid for interest on debt was $ 14.9 million for the nine months ended September 30, 2021 and $ 12.1 million for the nine months ended September 30, 2020 . 2021 Credit Facility Effective July 30, 2021, we refinanced the 2018 Credit Facility with the new $ 500 million 2021 Credit Facility to provide for financial flexibility to support our growth initiatives. The 2021 Credit Facility provides for a $ 400 million Term Loan B with a maturity date of July 30, 2028 and a $ 100 million revolving credit facility with a maturity date of July 30, 2026 . The loan proceeds of $ 400 million were offset in part by $ 14.8 million in fees. The proceeds from the Term Loan B were used to repay the 2018 Credit Facility and the remaining proceeds will be used to fund future acquisitions and growth initiatives and for general corporate purposes. The following are significant terms under the revolving credit facility:  Maintain minimum liquidity of $ 75 million through the earlier of (i) June 30, 2022 or (ii) the first fiscal quarter we are in compliance with the financial covenants;  Financial covenants will first be tested as of September 30, 2022 as described below;  Maintain an interest coverage ratio of not less than 2.00 to 1.00, with a step-up to 2.50 to 1.00 on or after December 31, 2022;  Maintain a total net leverage ratio of not greater than 4.50 to 1.00 with a step-down to 4.00 to 1.00 on or after December 31, 2022 and a step-up of 0.5x for four quarters for any material acquisition; and  Interest rate on the Term Loan B of London Interbank Offered Rate (“LIBOR”) plus 5.00%, with a LIBOR floor of 0.50% . As a result of the refinance and the repayment of the 2018 Credit Facility, we recorded $ 2.1 million of interest expense related to the write-off of unamortized debt issuance costs during the three months ended September 30, 2021. As of September 30, 2021 , capacity remaining under the 2021 Credit Facility was $ 78.2 million, reflecting borrowings of $ 400.0 million under the Term Loan B and $ 21.8 million in outstanding letters of credit. FlyOver Iceland Credit Facility Effective February 15, 2019, FlyOver Iceland ehf., (“FlyOver Iceland”) a wholly-owned subsidiary of Esja, entered into a credit agreement with a € 5.0 million (approximately $ 5.6 million U.S. dollars) credit facility (the “FlyOver Iceland Credit Facility”) with a maturity date of March 1, 2022 . The loan proceeds were used to complete the development of the FlyOver Iceland attraction. In response to the COVID-19 pandemic, we entered into an addendum to the FlyOver Iceland Credit Facility effective January 8, 2021 wherein the principal payments were deferred for twelve months beginning December 1, 2020, with the first payment due December 1, 2021 . The addendum also extended the maturity date to September 1, 2023 . There were no other changes to the terms of the FlyOver Iceland Credit Facility . During the first quarter of 2021, we obtained a waiver of certain covenants to the FlyOver Iceland Credit Facility through December 2021. We expect to be unable to meet our financial covenants under the FlyOver Iceland Credit Facility for the six months ending December 31, 2021. We have requested a waiver for our covenants. FlyOver Iceland Term Loans During 2020, FlyOver Iceland entered into three term loans totaling ISK 90.0 million (approximately $ 0.7 million U.S. dollars) (the “FlyOver Iceland Term Loans”). The first term loan for ISK 10.0 million was entered into effective October 15, 2020 with a maturity date of April 1, 2023 and bears interest on a seven-day term deposit at the Central Bank of Iceland . The second term loan for ISK 30.0 million was entered into effective October 15, 2020 with a maturity date of October 1, 2024 and bears interest on a seven-day term deposit at the Central Bank of Iceland plus 3.07% . The third term loan for ISK 50.0 million was entered into effective December 29, 2020 with a maturity date of February 1, 2023 and bears interest at one-month Reykjavik InterBank Offered Rate (“REIBOR”) plus 4.99%. The Icelandic State Treasury guarantees supplemental loans provided by credit institutions to companies impacted by the COVID-19 pandemic. Accordingly, the Icelandic State Treasury guaranteed the repayment of up to 85% of the principal and interest on the ISK 10.0 million and ISK 30.0 million term loans and 70% of the principal amount on the ISK 50.0 million term loan . Loan proceeds were used to fund FlyOver Iceland operations.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2021
Fair Value Disclosures [Abstract]
Fair Value Measurements	Note 13. Fair Value Measurements The fair value of an asset or liability is defined as the price that would be received by selling an asset or paying to transfer a liability in an orderly transaction between market participants at the measurement date. The fair value guidance requires an entity to maximize the use of quoted prices and other observable inputs and minimize the use of unobservable inputs when measuring fair value, and also establishes a fair value hierarchy, which prioritizes the inputs to valuation techniques used to measure fair value as follows: Level 1 - Quoted prices in active markets for identical assets or liabilities. Level 2 - Observable inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. Level 3 - Unobservable inputs to the valuation methodology that are significant to the measurement of fair value. Money market mutual funds and certain other mutual fund investments are measured at fair value on a recurring basis using Level 1 inputs. The fair value information related to these assets is summarized in the following tables: Fair Value Measurements at Reporting Date Using (in thousands) September 30, 2021 Quoted Prices Significant Significant Assets: Money market funds (1) $ 50,001 $ 50,001 $ — $ — Other mutual funds (2) 3,903 3,903 — — Total assets at fair value on a recurring basis $ 53,904 $ 53,904 $ — $ — Fair Value Measurements at Reporting Date Using (in thousands) December 31, 2020 Quoted Prices Significant Significant Assets: Money market funds (1) $ 2 $ 2 $ — $ — Other mutual funds (2) 3,457 3,457 — — Total assets at fair value on a recurring basis $ 3,459 $ 3,459 $ — $ — (1) We include money market funds in “Cash and cash equivalents” in the Condensed Consolidated Balance Sheets. We classify these investments as available-for-sale and record them at fair value. There have been no realized gains or losses related to these investments and we have not experienced any redemption restrictions with respect to any of the money market mutual funds. (2) We include other mutual funds in “Other investments and assets” in the Condensed Consolidated Balance Sheets. The carrying values of cash and cash equivalents, receivables, and accounts payable approximate fair value due to the short-term nature of these instruments. Refer to Note 12 – Debt and Finance Lease Obligations for the estimated fair value of debt obligations.

Income (Loss) Per Share

Income (Loss) Per Share	9 Months Ended
	Sep. 30, 2021
Earnings Per Share [Abstract]
Income (Loss) Per Share	Note 14. Income (Loss) Per Share The components of basic and diluted income (loss) per share are as follows: Three Months Ended Nine Months Ended September 30, September 30, (in thousands, except per share data) 2021 2020 2021 2020 Net income (loss) attributable to Viad (diluted) $ 15,067 $ ( 30,758 ) $ ( 70,111 ) $ ( 323,621 ) Less: Allocation to participating securities ( 3,141 ) — — — Convertible preferred stock dividends paid in cash ( 1,950 ) — ( 1,950 ) — Convertible preferred stock dividends paid in kind — ( 1,134 ) ( 3,821 ) ( 1,134 ) Adjustment to the redemption value of redeemable noncontrolling interest ( 488 ) ( 468 ) ( 1,091 ) ( 926 ) Net income (loss) allocated to Viad common stockholders (basic) $ 9,488 $ ( 32,360 ) $ ( 76,973 ) $ ( 325,681 ) Add: Allocation to participating securities 36 — — — Net income (loss) allocated to Viad common stockholders (diluted) $ 9,524 $ ( 32,360 ) $ ( 76,973 ) $ ( 325,681 ) Basic weighted-average outstanding common shares 20,420 20,293 20,396 20,263 Additional dilutive shares related to share-based compensation 322 — — — Diluted weighted-average outstanding shares 20,742 20,293 20,396 20,263 Income (loss) per share: Basic income (loss) attributable to Viad common stockholders $ 0.46 $ ( 1.59 ) $ ( 3.77 ) $ ( 16.07 ) Diluted income (loss) attributable to Viad common stockholders (1) $ 0.46 $ ( 1.59 ) $ ( 3.77 ) $ ( 16.07 ) (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 as-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 as-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 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) 2021 2020 2021 2020 Convertible preferred stock — 6,353 6,584 6,353 Unvested restricted share-based awards 3 135 173 105 Unvested performance share-based awards — — 28 — Stock options 138 27 219 14

Common and Preferred Stock

Common and Preferred Stock	9 Months Ended
	Sep. 30, 2021
Equity [Abstract]
Common and Preferred Stock	Note 15. Common and Preferred Stock Convertible Series A Preferred Stock On August 5, 2020, we entered into an Investment Agreement with funds managed by private equity firm Crestview Partners, relating to the issuance of 135,000 shares of newly issued Convertible Series A Preferred Stock, par value $ 0.01 per share, for an aggregate purchase price of $ 135 million or $ 1,000 per share. The $135 million issuance was offset in part by $ 9.2 million of expenses related to the capital raise. We have classified the convertible preferred stock as mezzanine equity in the Condensed Consolidated Balance Sheet due to the existence of certain change in control provisions that are not solely within our control. The Convertible Series A Preferred Stock carries a 5.5 % cumulative quarterly dividend, which is payable in cash or in-kind at Viad’s option and is convertible at the option of the holders into shares of our common stock at a conversion price of $ 21.25 per share. Upon the occurrence of a change in control event, the holders have a right to require Viad to repurchase such preferred stock. During the nine months ended September 30, 2021 , $ 5.8 million of dividends were deemed declared of which $ 3.8 million was paid in-kind during the first and second quarters of 2021 and $ 2.0 million was paid in cash during the third quarter of 2021. We intend to pay preferred stock dividends in cash for the foreseeable future. Holders of the Convertible Series A Preferred Stock are entitled to vote with holders of Viad’s common stock on an as-converted basis. Common Stock Repurchases Our Board of Directors previously authorized us to repurchase shares of our common stock from time to time at prevailing market prices. Effective February 7, 2019, our Board of Directors authorized the repurchase of an additional 500,000 shares. In March 2020, our Board of Directors suspended our share repurchase program for the foreseeable future. Prior to the suspension, we had repurchased 53,784 shares on the open market for $ 2.8 million during the three months ended March 31, 2020. As of September 30, 2021 , 546,283 shares remain available for repurchase. Additionally, we repurchase shares related to tax withholding requirements on vested restricted stock awards. Refer to Note 3 – Share-Based Compensation.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	9 Months Ended
	Sep. 30, 2021
Accumulated Other Comprehensive Income Loss [Abstract]
Accumulated Other Comprehensive Income (Loss)	Note 16. Accumulated Other Comprehensive Income (Loss) Changes in accumulated other comprehensive income (loss) (“AOCI”) by component are as follows: (in thousands) Cumulative Unrecognized Net Actuarial Loss and Prior Service Credit, Net Accumulated Balance at December 31, 2020 $ ( 16,686 ) $ ( 13,955 ) $ ( 30,641 ) Other comprehensive income before reclassifications ( 980 ) — ( 980 ) Amounts reclassified from AOCI, net of tax — 205 205 Net other comprehensive income (loss) ( 980 ) 205 ( 775 ) Balance at September 30, 2021 $ ( 17,666 ) $ ( 13,750 ) $ ( 31,416 ) (in thousands) Cumulative Unrecognized Net Actuarial Loss and Prior Service Credit, Net Accumulated Balance at December 31, 2019 $ ( 23,799 ) $ ( 11,900 ) $ ( 35,699 ) Other comprehensive loss before reclassifications ( 7,342 ) — ( 7,342 ) Amounts reclassified from AOCI, net of tax — 354 354 Net other comprehensive income (loss) ( 7,342 ) 354 ( 6,988 ) Balance at September 30, 2020 $ ( 31,141 ) $ ( 11,546 ) $ ( 42,687 ) Amounts reclassified that relate to our defined benefit pension and postretirement plans include the amortization of prior service costs and actuarial net losses recognized during each period presented. We recorded these costs as components of net periodic cost for each period presented. Refer to Note 18 – Pension and Postretirement Benefits for additional information.

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2021
Income Tax Disclosure [Abstract]
Income Taxes	Note 17. Income Taxes The effective tax rate was 21.4 % for the three months ended September 30, 2021 and a negative 2.7 % for the three months ended September 30, 2020. The effective tax rate was a negative 0.2 % for the nine months ended September 30, 2021 and a negative 6.8 % for the nine months ended September 30, 2020. During the three and nine months ended September 30, 2021, we did not use the annualized effective tax rate (“AETR”) to compute the income tax benefit or expense. Instead, the income tax benefit or expense was computed using the actual year-to-date tax rate as the AETR became highly sensitive due to the amount of aggregate projected tax benefit on the projected losses in Canada, the United Arab Emirates, the Netherlands, and immaterial European operations were marginally positive. As the full year projected tax benefit is expected to be marginally positive in these operations, the actual effective tax rate was a better estimate of the current quarter and year to date tax benefit than the amount computed using the AETR. The 21.4 % effective tax rate for the three months ended September 30, 2021 was the result of the taxes on the pre-tax income earned in Canada during the third quarter while excluding the taxes associated with the pre-tax income earned in the United States and the United Kingdom during the quarter. The Company did not recognize any tax benefit or expense on the pre-tax year to date losses and quarter-to-date income earned in the United States and United Kingdom as a full valuation allowance has been continued to be recorded on the net deferred tax assets in the United States and United Kingdom. T he negative effective tax rates for the three and nine months ended September 30, 2020 were due to the recording of a valuation allowance of $ 25.5 million in the second quarter of 2020 against our remaining United States, United Kingdom, and other European net deferred tax assets as of September 30, 2020, as well as no tax benefits on non-deductible goodwill impairments and losses recognized in those jurisdictions. We recorded the valuation allowance based upon the level of historical losses and the uncertainty and timing of future income. We received net cash refunds of $ 3.6 million during the three months ended September 30, 2021 and $ 3.2 million during the nine months ended September 30, 2021. We received tax refunds in excess of payments of $ 6.8 million during the three months ended September 30, 2020 and $ 14.7 million during the nine months ended September 30, 2020 .

Pension and Postretirement Bene

Pension and Postretirement Benefits	9 Months Ended
	Sep. 30, 2021
Compensation And Retirement Disclosure [Abstract]
Pension and Postretirement Benefits	Note 18. Pension and Postretirement Benefits The components of net periodic benefit cost of our pension and postretirement benefit plans for the three months ended September 30, 2021 and 2020 consist of the following: Domestic Plans Pension Plans Postretirement Benefit Plans Foreign Pension Plans (in thousands) 2021 2020 2021 2020 2021 2020 Service cost $ — $ — $ 24 $ 7 $ 113 $ 112 Interest cost 110 162 41 64 77 87 Expected return on plan assets ( 20 ) ( 74 ) — — ( 127 ) ( 134 ) Amortization of prior service credit — — ( 1 ) ( 36 ) — — Recognized net actuarial (gain) loss 157 130 ( 12 ) ( 26 ) 49 48 Net periodic benefit cost $ 247 $ 218 $ 52 $ 9 $ 112 $ 113 The components of net periodic benefit cost of our pension and postretirement benefit plans for the nine months ended September 30, 2021 and 2020 consist of the following: Domestic Plans Pension Plans Postretirement Benefit Plans Foreign Pension Plans (in thousands) 2021 2020 2021 2020 2021 2020 Service cost $ — $ — $ 52 $ 38 $ 343 $ 330 Interest cost 315 490 136 222 233 254 Expected return on plan assets ( 35 ) ( 109 ) — — ( 382 ) ( 394 ) Amortization of prior service credit — — ( 4 ) ( 109 ) — — Recognized net actuarial loss 467 395 86 13 148 138 Net periodic benefit cost $ 747 $ 776 $ 270 $ 164 $ 342 $ 328 We expect to contribute $ 0.8 million to our funded pension plans, $ 0.8 million to our unfunded pension plans, and $ 0.9 million to our postretirement benefit plans in 2021. During the nine months ended September 30, 2021 , we contributed $ 0.6 million to our funded pension plans, $ 0.6 million to our unfunded pension plans, and $ 0.8 million to our postretirement benefit plans.

Restructuring Charges

Restructuring Charges	9 Months Ended
	Sep. 30, 2021
Restructuring And Related Activities [Abstract]
Restructuring Charges	Note 19. Restructuring Charges GES As part of our efforts to drive efficiencies and simplify our business operations, we took certain restructuring actions designed to simplify and transform GES for greater profitability. In response to the COVID-19 pandemic in 2020, we accelerated our transformation and streamlining efforts at GES to significantly reduce costs and create a lower and more flexible cost structure focused on servicing our more profitable market segments. These initiatives resulted in restructuring charges related to the elimination of certain positions and continuing to reduce our facility footprint at GES, as well as charges related to the closure and liquidation of GES’ United Kingdom-based audio-visual services business. During the fourth quarter of 2020, we entered into an agreement with a third-party to outsource the management, cleaning, and storage of the aisle carpeting that we use at live events, which resulted in restructuring charges in 2021 when we vacated a facility. Other Restructurings We recorded restructuring charges in connection with the consolidation of certain support functions at our corporate headquarters and certain reorganization activities within Pursuit. These charges primarily consist of severance and related benefits due to headcount reductions. Changes to the restructuring liability by major restructuring activity are as follows: GES Other Restructurings (in thousands) Severance & Facilities Severance & Total Balance at December 31, 2020 $ 2,440 $ 2,766 $ 24 $ 5,230 Restructuring charges 1,640 4,059 100 5,799 Cash payments ( 992 ) ( 3,296 ) ( 91 ) ( 4,379 ) Non-cash items (1) — ( 1,890 ) — ( 1,890 ) Adjustment to liability ( 5 ) ( 26 ) ( 13 ) ( 44 ) Balance at September 30, 2021 $ 3,083 $ 1,613 $ 20 $ 4,716 (1) Represents non-cash adjustments related to a write down of certain ROU assets as a result of vacating certain facilities prior to the lease term and the closure and liquidation of GES’ United Kingdom-based audio-visual services business. As of September 30, 2021 , $ 1.5 million of the liabilities related to severance and employee benefits will remain unpaid by the end of 2021. The liabilities related to facilities primarily include non-lease expenses that will be paid over the remaining lease terms. Refer to Note 23 – Segment Information for information regarding restructuring charges by segment.

Leases and Other

Leases and Other	9 Months Ended
	Sep. 30, 2021
Leases [Abstract]
Leases and Other	Note 20. Leases and Other The balance sheet presentation of our operating and finance leases is as follows: September 30, December 31, (in thousands) Classification on the Condensed Consolidated Balance Sheet 2021 2020 Assets: Operating lease assets Operating lease ROU assets $ 87,935 $ 82,739 Finance lease assets (1) Property and equipment, net 61,263 23,366 Total lease assets $ 149,198 $ 106,105 Liabilities: Current: Operating lease obligations Operating lease obligations $ 11,058 $ 15,697 Finance lease obligations Current portion of debt and finance lease obligations 3,085 2,514 Noncurrent: Operating lease obligations Long-term operating lease obligations 86,165 70,150 Finance lease obligations (1) Long-term debt and finance lease obligations 60,512 20,627 Total lease liabilities $ 160,820 $ 108,988 (1) The increase in finance lease assets and obligations is primarily due to the commencement of Pursuit’s new Sky Lagoon attraction in Iceland during the first quarter of 2021, which has a 46 -year lease term. During the first quarter of 2021, we recorded a write down of certain ROU assets as a result of vacating certain facilities prior to the lease term. The components of lease expense consisted of the following: Three Months Ended Nine Months Ended September 30, September 30, (in thousands) 2021 2020 2021 2020 Finance lease cost: Amortization of ROU assets $ 1,093 $ 926 $ 3,231 $ 2,767 Interest on lease liabilities 1,405 429 4,193 1,258 Operating lease cost 5,165 6,596 17,328 20,235 Short-term lease cost 394 123 853 465 Variable lease cost 1,059 1,557 3,093 4,615 Total lease cost, net $ 9,116 $ 9,631 $ 28,698 $ 29,340 Other information related to operating and finance leases are as follows: Three Months Ended Nine Months Ended September 30, September 30, (in thousands) 2021 2020 2021 2020 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 5,140 $ 5,644 $ 17,753 $ 18,268 Operating cash flows from finance leases $ 4,748 $ 839 $ 5,955 $ 1,705 Financing cash flows from finance leases $ 656 $ 665 $ 2,050 $ 2,235 ROU assets obtained in exchange for lease obligations: Operating leases $ 8,033 $ ( 3,059 ) $ 26,968 $ 1,018 Finance leases 1,073 $ 126 $ 42,782 $ 1,894 September 30, December 31, 2021 2020 Weighted-average remaining lease term (years): Operating leases 8.33 8.39 Finance leases 35.11 (1) 13.97 Weighted-average discount rate: Operating leases 6.72 % 6.93 % Finance leases 9.05 % 7.99 % (1) The increase in finance lease assets and obligations is primarily due to the commencement of Pursuit’s new Sky Lagoon attraction in Iceland during the first quarter of 2021, which has a 46-year lease term. As of September 30, 2021, the estimated future minimum lease payments under non-cancellable leases, excluding variable leases and variable non-lease components, are as follows: (in thousands) Operating Leases Finance Leases Total Remainder of 2021 $ 5,571 $ 2,142 $ 7,713 2022 19,954 8,269 28,223 2023 17,858 7,750 25,608 2024 16,113 6,699 22,812 2025 14,832 6,168 21,000 Thereafter 60,906 188,955 249,861 Total future lease payments 135,234 219,983 355,217 Less: Amount representing interest ( 38,011 ) ( 156,386 ) ( 194,397 ) Present value of minimum lease payments 97,223 63,597 160,820 Current portion 11,058 3,085 14,143 Long-term portion $ 86,165 $ 60,512 $ 146,677 As of September 30, 2021, the estimated future minimum rental income under non-cancellable leases, which includes rental income from facilities that we own, is as follows: (in thousands) Remainder of 2021 $ 411 2022 1,291 2023 1,071 2024 847 2025 694 Thereafter 1,453 Total minimum rents $ 5,767 Lease Not Yet Commenced As of September 30, 2021 , we had executed a facility lease for which we did not have control of the underlying assets. Accordingly, we did not record the lease liability and ROU asset on the Condensed Consolidated Balance Sheets. This lease is for the new FlyOver attraction, FlyOver Canada Toronto. We expect the lease commencement date to begin in fiscal year 2022 with a lease term of 20 years.

Litigation, Claims, Contingenci

Litigation, Claims, Contingencies and Other	9 Months Ended
	Sep. 30, 2021
Commitments And Contingencies Disclosure [Abstract]
Litigation, Claims, Contingencies and Other	Note 21. Litigation, Claims, Contingencies, and Other We are plaintiffs or defendants to various actions, proceedings, and pending claims, some of which involve, or may involve, compensatory, punitive, or other damages. Litigation is subject to many uncertainties and it is possible that some of the legal actions, proceedings, or claims could be decided against us. Although the amount of liability as of September 30, 2021 with respect to unresolved legal matters is not ascertainable, we believe that any resulting liability, after taking into consideration amounts already provided for and insurance coverage, will not have a material effect on our business, financial position, or results of operations. On July 18, 2020, an off-road Ice Explorer operated by our Pursuit business was involved in an accident while enroute to the Athabasca Glacier, resulting in three fatalities and multiple other serious injuries. We continue to support the victims and their families, and we are fully cooperating with the applicable regulatory authorities to investigate this accident. We immediately reported the accident to our relevant insurance carriers, who are also supporting the investigation and subsequent claims. Subject to customary deductibles, we believe that our insurance coverage is sufficient to cover potential claims related to this accident. We are subject to various U.S. federal, state, and foreign laws and regulations governing the prevention of pollution and the protection of the environment in the jurisdictions in which we have or had operations. If we fail to comply with these environmental laws and regulations, civil and criminal penalties could be imposed, and we could become subject to regulatory enforcement actions in the form of injunctions and cease and desist orders. As is the case with many companies, we also face exposure to actual or potential claims and lawsuits involving environmental matters relating to our past operations. As of September 30, 2021, we had recorded environmental remediation liabilities of $ 2.3 million related to previously sold operations. Although we are a party to certain environmental disputes, we believe that any resulting liabilities, after taking into consideration amounts already provided for and insurance coverage, will not have a material effect on our financial position or results of operations. As of September 30, 2021, on behalf of our subsidiaries, we had certain obligations under guarantees to third parties. These guarantees are not subject to liability recognition in the condensed consolidated financial statements and relate to leased facilities and equipment leases entered into by our subsidiary operations. We would generally be required to make payments to the respective third parties under these guarantees in the event that the related subsidiary could not meet its own payment obligations. The maximum potential amount of future payments that we would be required to make under all guarantees existing as of September 30, 2021 would be $ 128.1 million. These guarantees relate to our leased equipment and facilities through January 2040 . There are no recourse provisions that would enable us to recover from third parties any payments made under the guarantees. Furthermore, there are no collateral or similar arrangements pursuant to which we could recover payments. A significant number of our employees are unionized and we are a party to approximately 100 collective-bargaining agreements, with approximately one-third requiring renegotiation each year. If we are unable to reach an agreement with a union during the collective-bargaining process, the union may call for a strike or work stoppage, which may, under certain circumstances, adversely impact our business and results of operations. We believe that relations with our employees are satisfactory and that collective-bargaining agreements expiring in 2021 will be renegotiated in the ordinary course of business. Although our labor relations are currently stable, disruptions could occur, with the possibility of an adverse impact on the operating results of GES. We are self-insured up to certain limits for workers’ compensation and general liabilities, which includes automobile, product general liability, and client property loss claims. The aggregate amount of insurance liabilities (up to our retention limit) related to our continuing operations was $ 12.8 million as of September 30, 2021 , which includes $ 7.9 million related to workers’ compensation liabilities, and $ 4.9 million related to general liability claims. We have also retained and provided for certain workers’ compensation insurance liabilities in conjunction with previously sold businesses of $ 1.9 million as of September 30, 2021 . We are also self-insured for certain employee health benefits and the estimated employee health benefit claims incurred but not yet reported was $ 0.8 million as of September 30, 2021 . Provisions for losses for claims incurred, including actuarially derived estimated claims incurred but not yet reported, are made based on our historical experience, claims frequency, and other factors. A change in the assumptions used could result in an adjustment to recorded liabilities. We have purchased insurance for amounts in excess of the self-insured levels, which generally range from $ 0.2 million to $ 0.5 million on a per claim basis. We do not maintain a self-insured retention pool fund as claims are paid from current cash resources at the time of settlement. Our net cash payments in connection with these insurance liabilities were $ 1.0 million for the three months ended September 30, 2021 , $ 2.1 million for the nine months ended September 30, 2021 , $ 1.6 million for the three months ended September 30, 2020 , and $ 4.4 million for the nine months ended September 30, 2020. In addition, as of September 30, 2021 , we have recorded insurance liabilities of $ 6.4 million related to continuing operations, which represents the amount for which we remain the primary obligor after self-insured insurance limits, without taking into consideration the above-referenced insurance coverage. The $ 6.4 million is related to workers’ compensation liabilities, which is recorded in other deferred items and liabilities in the Condensed Consolidated Balance Sheets with a corresponding receivable in other investments and assets.

Noncontrolling Interest _ Redee

Noncontrolling Interest – Redeemable and Non-redeemable	9 Months Ended
	Sep. 30, 2021
Noncontrolling Interest [Abstract]
Noncontrolling Interest – Redeemable and Non-redeemable	Note 22. Noncontrolling Interest – Redeemable and Non-redeemable Redeemable noncontrolling interest On November 3, 2017, we acquired the controlling interest ( 54.5 % of the common stock) in Esja, a private corporation in Reykjavik, Iceland. Subsequent to additional capital contributions, our equity ownership increased to 54.9 % as of September 30, 2021. Through Esja and its wholly-owned subsidiary, we are operating the FlyOver Iceland attraction. The minority Esja shareholders have the right to sell (or “put”) their Esja shares to us based on a multiple of 5.0x EBITDA as calculated on the trailing 12 months from the most recently completed quarter before the put option exercise. The put option is only exercisable after 36 months of business operation (the “Reference Date”) and if the FlyOver Iceland attraction has earned a minimum of € 3.25 million in unadjusted EBITDA during the most recent fiscal year and during the trailing 12-month period prior to exercise (the “Put Option Condition”). The put option is exercisable during a period of 12 months following the Reference Date (the “Option Period”) if the Put Option Condition has been met. If the Put Option Condition has not been met during the first Option Period, the Reference Date will be extended for an additional 12 months up to three times. If after 72 months, the FlyOver Iceland attraction has not achieved the Put Option Condition, the put option expires. If the Put Option Condition is met during any of the Option Periods, yet the shares are not exercised prior to the end of the 12-month Option Period, the put option will expire. The noncontrolling interest’s carrying value is determined by the fair value of the noncontrolling interest as of the acquisition date and the noncontrolling interest’s share of the subsequent net income or loss. This value is benchmarked against the redemption value of the sellers’ put option. The carrying value is adjusted to the redemption value, provided that it does not fall below the initial carrying value, as determined by the purchase price allocation. We have made a policy election to reflect any changes caused by such an adjustment to retained earnings (accumulated deficit), rather than to current earnings (loss). Changes in the redeemable noncontrolling interest are as follows: (in thousands) Balance at December 31, 2020 $ 5,225 Net loss attributable to redeemable noncontrolling interest ( 1,221 ) Adjustment to the redemption value 1,091 Capital contributions 282 Foreign currency translation adjustment ( 126 ) Balance at September 30, 2021 $ 5,251 Non-redeemable noncontrolling interest Non-redeemable noncontrolling interest represents the portion of equity in a subsidiary that is not attributable, directly or indirectly, to us. Our non-redeemable noncontrolling interest relates to the equity ownership interest that we do not own. Changes in the non-redeemable noncontrolling interest are as follows: (in thousands) Glacier Park Inc. Brewster (1) Sky Lagoon Total Balance at December 31, 2020 $ 13,953 $ 51,295 $ 12,896 $ 78,144 Net (income) loss attributable to non-redeemable noncontrolling interest 1,893 1,976 ( 820 ) 3,049 Acquisitions — 6,759 — 6,759 Dividends — ( 1,160 ) — ( 1,160 ) Foreign currency translation adjustments 1 117 ( 259 ) ( 141 ) Balance at September 30, 2021 $ 15,847 $ 58,987 $ 11,817 $ 86,651 Equity ownership interest that we do not own 20 % 40 % 49 % (1) Includes Mountain Park Lodges and our recently acquired Golden Skybridge at Brewster, part of the Banff Jasper Collection.

Segment Information

Segment Information	9 Months Ended
	Sep. 30, 2021
Segment Reporting [Abstract]
Segment Information	Note 23. Segment Information We measure the profit and performance of our operations on the basis of segment operating income or loss, which excludes restructuring charges and recoveries and impairment charges. Intersegment sales are eliminated in consolidation and intersegment transfers are not significant. Corporate activities include expenses not allocated to operations. Depreciation and amortization and share-based compensation expense are the only significant non-cash items for the reportable segments. During the first quarter of 2021, we reorganized GES’ operating segments to represent the changes in how our CODM reviews the financial performance of GES and makes decisions regarding the allocation of resources. Accordingly, GES is now a single reportable segment. We made no changes to the Pursuit reportable segment. Our reportable segments, with reconciliations to consolidated totals, are as follows: Three Months Ended Nine Months Ended September 30, September 30, (in thousands) 2021 2020 2021 2020 Revenue: GES $ 116,044 $ 13,992 $ 160,109 $ 319,930 Pursuit 117,555 48,815 163,658 67,602 Total revenue $ 233,599 $ 62,807 $ 323,767 $ 387,532 Segment operating income (loss): GES $ ( 9,499 ) $ ( 18,248 ) $ ( 56,300 ) $ ( 39,450 ) Pursuit 49,601 11,467 23,183 ( 26,499 ) Segment operating income (loss) 40,102 ( 6,781 ) ( 33,117 ) ( 65,949 ) Corporate eliminations (1) 17 16 52 48 Corporate activities ( 3,093 ) ( 2,645 ) ( 8,104 ) ( 5,902 ) Interest expense, net ( 9,518 ) ( 5,450 ) ( 20,168 ) ( 14,399 ) Multi-employer pension plan withdrawal — — ( 57 ) ( 462 ) Other expense, net ( 466 ) ( 210 ) ( 1,506 ) ( 894 ) Restructuring (charges) recoveries: GES ( 2,129 ) ( 10,686 ) ( 5,699 ) ( 11,371 ) Pursuit ( 32 ) 12 ( 55 ) ( 45 ) Corporate ( 25 ) ( 585 ) ( 45 ) ( 954 ) Impairment charges: GES — ( 676 ) — ( 201,319 ) Pursuit — — — ( 1,757 ) Income (loss) from continuing operations before income taxes $ 24,856 $ ( 27,005 ) $ ( 68,699 ) $ ( 303,004 ) (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.

Overview and Basis of Present_2

Overview and Basis of Presentation (Policies)	9 Months Ended
	Sep. 30, 2021
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited condensed consolidated financial statements were prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and with the instructions to Form 10-Q and Article 10 of Regulation S-X for interim financial information. Accordingly, these financial statements do not include all of the information required by GAAP or SEC rules and regulations for complete financial statements. These financial statements reflect all adjustments (consisting of normal recurring adjustments) necessary for a fair presentation of the results for the interim periods presented. Interim results are not necessarily indicative of the results for the full year. These unaudited condensed consolidated financial statements should be read in conjunction with our Annual Report on Form 10-K for the year ended December 31, 2020, filed with the SEC on March 2, 2021 (“2020 Form 10-K”). The condensed consolidated financial statements include the accounts of Viad and its subsidiaries. We have eliminated all significant intercompany account balances and transactions in consolidation.
Nature of Business	Nature of Business We are a leading provider of experiential leisure travel and live events and marketing experiences with operations in the United States, Canada, the United Kingdom, continental Europe, the United Arab Emirates, and Iceland. We are committed to providing unforgettable experiences to our clients and guests. We operate through two reportable business segments: GES and Pursuit. GES GES is a global, full-service provider for live events that partners with show organizers, exhibitors, and brand marketers to create high-value, live events. GES offers a comprehensive range of live event services, from the design and production of compelling, immersive experiences that engage audiences and build brand awareness, to material handling, rigging, electrical, and other on-site event services. In addition, GES offers clients a full suite of audio-visual services from creative and technology to content and design, along with registration, data analytics, engagement, and online tools powered by next generation technologies that help clients easily manage the complexities of their event. Pursuit Pursuit is a collection of inspiring and unforgettable travel experiences that include recreational attractions, unique hotels and lodges, food and beverage, retail, sightseeing, and ground transportation services. Pursuit comprises the Banff Jasper Collection, the Alaska Collection, the Glacier Park Collection, FlyOver, and the Sky Lagoon.
Impact of COVID-19	Impact of COVID-19 Starting in mid-March 2020, the COVID-19 pandemic had a significant and negative impact on our operations and financial performance, with severe disruptions in live event and tourism activity. In response, we implemented aggressive cost reduction measures in 2020 to preserve cash, including furloughs, layoffs, mandatory unpaid time off or salary reductions for all employees, and the reduction of discretionary spending. We also suspended future common stock dividend payments and share repurchases, and we availed ourselves of governmental assistance programs for wages and other expense relief. Additionally, in May and August 2020, we obtained waivers of the financial covenants under our then $ 450 million revolving credit facility (“the 2018 Credit Facility”), which we subsequently refinanced in July 2021 as discussed below, and we secured additional capital to strengthen our liquidity position by entering into an investment agreement with funds managed by private equity firm Crestview Partners who made an investment of $ 135 million, offset in part by $ 9.2 million in fees, in newly issued perpetual convertible preferred stock. Refer to Note 15 – Common and Preferred Stock for further information. During 2021, we continued to preserve cash and closely manage our costs as pandemic-related restrictions lessened. In connection with COVID-19 vaccination programs, we began to see signs of recovery in the travel and hospitality and live event sectors during early 2021 as people started to feel more comfortable traveling and gathering in larger groups. Pursuit’s operations in the United States experienced strong visitation primarily from domestic travelers, while tourism in Canada remained constrained by border closures. Canada reopened its border with the United States in early August 2021 to fully vaccinated travelers and to travelers from other countries beginning in September 2021, which accelerated short-term bookings from long-haul travelers to our Pursuit operations in Canada. The live event markets also began to re-open in 2021 with smaller scale live events starting to take place during the first half of the year. Toward the end of the second quarter and into the third quarter, we began to see an acceleration in the recovery of in-person trade shows as event organizers began to hold larger scale face-to-face live events. Effective July 30, 2021, we refinanced our 2018 Credit Facility, which was scheduled to mature on October 24, 2023 , with a new $ 500 million senior secured credit facility (the “2021 Credit Facility”) to provide for financial flexibility to support our growth initiatives. The 2021 Credit Facility provides for a $ 400 million term loan with a maturity date of July 30, 2028 (“Term Loan B”) and a $ 100 million revolving credit facility with a maturity date of July 30, 2026 . The loan proceeds of $ 400 million were offset in part by $ 14.8 million in fees. The proceeds from the Term Loan B were used to repay the 2018 Credit Facility and the remaining proceeds will be used to fund future acquisitions and growth initiatives and for general corporate purposes. Refer to Note 12 – Debt and Finance Lease Obligations for further information. Although we have seen a recent acceleration in demand and bookings and early signs of recovery for travel and in-person live events, we remain cautious as variants of COVID-19, including the predominant Delta variant, have caused an increase in infections and hospitalizations across the United States and globally. Due to the evolving and uncertain nature of COVID-19, and depending on the success of ongoing vaccination and other mitigation efforts as well as the scope and magnitude of infections and hospitalizations, we are not able at this time to fully estimate the effect of these factors on our business; however, the adverse impact on our business, results of operations, and, cash flows has been significant. We will continue to evaluate and implement additional actions necessary to mitigate the negative financial and operational impact of COVID-19 on our business.
Reclassifications	Reclassifications During the first quarter of 2021, we reorganized GES’ operating segments to represent the changes in how our chief operating decision maker (“CODM”) reviews the financial performance of GES and makes decisions regarding the allocation of resources. As a result, we changed the presentation of certain items in GES’ disaggregation of revenue and reportable segments. Refer to Note 2 – Revenue and Related Contract Costs and Contract Liabilities and Note 23 – Segment Information for additional information. We reclassified certain prior-year amounts to conform to current-period presentation. Such reclassifications had no impact on our results of operations or cash flows. Correction to Prior Period Financial Statements As previously disclosed in our 2020 Form 10-K, and subsequent to the issuance of the Condensed Consolidated Financial Statements for the quarter ended September 30, 2020, we identified prior period errors related to the recognition of revenue of GES’ third-party services. Revenue from these services should have been recorded on a net basis to reflect only the fees received for arranging these services, whereas previously, we recorded this revenue on a gross basis, thus overstating revenue and cost of services by the same amount. As a result, we corrected the accompanying Condensed Consolidated Statements of Operations for the three and nine months ended September 30, 2020 related to this gross-to-net adjustment. We determined that these errors were not material to the previously issued financial statements. Note 2 – Revenue and Related Contract Costs and Contract Liabilities and Note 23 – Segment Information reflect this correction. Three Months Ended September 30, 2020 Nine Months Ended September 30, 2020 (in thousands) Services Revenue Cost of Services Services Revenue Cost of Services As previously reported $ 43,702 $ 51,730 $ 335,383 $ 395,432 Gross to net correction for GES ( 265 ) ( 265 ) ( 2,331 ) ( 2,331 ) Total as corrected $ 43,437 $ 51,465 $ 333,052 $ 393,101
Impact of Recent Accounting Pronouncements	Impact of Recent Accounting Pronouncements The following table provides a brief description of recent accounting pronouncements: Standard Description Date of adoption Effect on the financial statements Standards Not Yet Adopted ASU 2020-06, Debt - Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging - Contracts in Entity’s Own Equity (Subtopic 815-40) The amendment simplifies the accounting for convertible instruments by reducing the number of accounting models available for convertible debt instruments and convertible preferred stock. The amendment also requires expanded disclosures about the terms and features of convertible instruments. 1/1/2022 We are currently evaluating the potential impact of the adoption of this new guidance on our consolidated financial statements. We do not expect this new guidance will have a material impact on our consolidated financial statements. Standard Description Date of adoption Effect on the financial statements Standards Recently Adopted ASU 2019-12 , Income Taxes (Topic 740) Simplifying the Accounting for Income Taxes The amendment enhances and simplifies various aspects of the income tax accounting guidance, including requirements such as ownership changes in investments, and interim-period accounting for enacted changes in tax law. 1/1/2021 The adoption of this new standard on January 1, 2021 did not have a material impact on our consolidated financial statements.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reported period. Estimates and assumptions are used in accounting for, among other things: impairment testing of recorded goodwill and intangible assets and long-lived assets; allowances for uncollectible accounts receivable; sales reserve allowances; provisions for income taxes, including uncertain tax positions; valuation allowances related to deferred tax assets; liabilities for losses related to self-insured liability claims; liabilities for losses related to environmental remediation obligations; sublease income associated with restructuring liabilities; pension and postretirement benefit costs and obligations; share-based compensation costs; the discount rates used to value lease obligations; the redemption value of redeemable noncontrolling interests; and the allocation of purchase price of acquired businesses. Actual results could differ from these and other estimates.
Cash, Cash Equivalents, and Restricted Cash	Cash, Cash Equivalents, and Restricted Cash Cash equivalents are highly-liquid investments with remaining maturities when purchased of three months or less . Cash and cash equivalents consist of cash and bank demand deposits and money market funds. Investments in money market funds are classified as available-for-sale and carried at fair value. Restricted cash represents collateral required for surety bonds, bank guarantees, and letters of credit. Cash, cash equivalents, and restricted cash balances presented in the Condensed Consolidated Statements of Cash Flows consisted of the following: September 30, December 31, (in thousands) 2021 2020 Cash and cash equivalents $ 110,756 $ 39,545 Restricted cash included in other current assets 2,505 2,426 Cash, cash equivalents, and restricted cash shown in the statement of cash flows $ 113,261 $ 41,971
Revenue Recognition	Revenue Recognition Revenue is measured based on a specified amount of consideration in a contract with a customer, net of commissions paid to customers and amounts collected on behalf of third parties. We recognize revenue when a performance obligation is satisfied by transferring control of a product or delivering the service to a customer. GES’ service revenue is primarily derived through its comprehensive range of marketing, event production, and other related services to event organizers and corporate brand marketers. GES’ service revenue is earned over time over the duration of the live event, which generally lasts one to three days. Revenue for goods and services provided for which we do not have control of the goods or services before that good or service is transferred to a customer is recorded on a net basis to reflect only the fees received for arranging these services. GES’ product revenue is derived from the build of exhibits and environments and graphics. GES’ product revenue is recognized at a point in time upon delivery of the product. Pursuit’s service revenue is derived through its admissions, accommodations, transportation, and travel planning services. Pursuit’s product revenue is derived through food and beverage and retail sales. Pursuit’s revenue is recognized at the time services are performed or upon delivery of the product. Pursuit’s service revenue is recognized over time as the customer simultaneously receives and consumes the benefits. Pursuit’s product revenue is recognized at a point in time
Noncontrolling Interests - Non-redeemable and Redeemable	Noncontrolling Interests – Non-redeemable and Redeemable Non-redeemable noncontrolling interest represents the portion of equity in a subsidiary that is not attributable, directly or indirectly, to us. We report non-redeemable noncontrolling interest within stockholders’ equity in the Condensed Consolidated Balance Sheets. The amount of consolidated net income or loss attributable to Viad and the non-redeemable noncontrolling interest is presented in the Condensed Consolidated Statements of Operations. We consider noncontrolling interests with redemption features that are not solely within our control to be redeemable noncontrolling interests. Our redeemable noncontrolling interest relates to our 54.9 % equity ownership interest in Esja Attractions ehf. (“Esja”), which owns the FlyOver Iceland attraction. The Esja shareholders agreement contains a put option that gives the minority Esja shareholders the right to sell (or “put”) their Esja shares to us based on a calculated formula within a predefined term. This redeemable noncontrolling interest is considered mezzanine equity and we report it between liabilities and stockholders’ equity in the Condensed Consolidated Balance Sheets. The amount of the net income or loss attributable to redeemable noncontrolling interests is recorded in the Condensed Consolidated Statements of Operations and the accretion of the redemption value is recorded as an adjustment to accumulated deficit and is included in our income (loss) per share. Refer to Note 22 – Noncontrolling Interest – Redeemable and Non-redeemable for additional information.
Convertible Preferred Stock	Convertible Preferred Stock We record shares of convertible preferred stock based on proceeds received net of costs on the date of issuance. Redeemable preferred stock (including preferred stock that features redemption rights that are either within the control of the holder or subject to redemption upon the occurrence of uncertain events not solely within our control) is classified as mezzanine equity and is reported between liabilities and stockholders’ equity in the Condensed Consolidated Balance Sheets.
Leases	Leases We recognize a right-of-use (“ROU”) asset and lease liability on the balance sheet and classify leases as either finance or operating leases. The classification of the lease determines whether we recognize the lease expense on an effective interest method basis (finance lease) or on a straight-line basis (operating lease) over the lease term. In determining whether an agreement contains a lease, we consider if we have a right to control the use of the underlying asset during the lease term in exchange for an obligation to make lease payments arising from the lease. We recognize ROU assets and lease liabilities at commencement date, which is when the underlying asset is available for use to a lessee, based on the present value of lease payments over the lease term. Our operating and finance leases are primarily facility, equipment, and land leases. Our facility leases comprise mainly manufacturing facilities, sales and design facilities, offices, storage and/or warehouses, and truck marshaling yards. These facility leases generally have lease terms ranging up to 24 years. Our equipment leases comprise mainly vehicles, hardware, and office equipment, each with various lease terms. Our land leases comprise mainly leases in Canada and Iceland on which our hotels or attractions are located and have lease terms ranging up to 46 years. If a lease contains a renewal option that is reasonably certain to be exercised, then the lease term includes the optional periods in measuring a ROU asset and lease liability. We evaluate the reasonably certain threshold at lease commencement, and it is typically met if we identify substantial economic incentives or termination penalties. We do not include variable leases and variable non-lease components in the calculation of the ROU asset and corresponding lease liability. For facility leases, variable lease costs include the costs of common area maintenance, taxes, and insurance for which we pay our lessors an estimate that we adjust to actual expense on a quarterly or annual basis depending on the underlying contract terms. We expense these variable lease payments as incurred. Our lease agreements do not contain any significant residual value guarantees or restrictive covenants. Substantially all of our lease agreements do not specify an implicit borrowing rate, and as such, we utilize an incremental borrowing rate based on lease term and country, in order to calculate the present value of our future lease payments. The discount rate represents a risk-adjusted rate on a collateralized basis and is the expected rate at which we would borrow funds to satisfy the scheduled lease liability payment streams commensurate with the lease term and the country. We are also a lessor to third party tenants who either lease certain portions of facilities that we own or sublease certain portions of facilities that we lease. We record lease income from owned facilities as rental income and we record sublease income from leased facilities as an offset to lease expense in the Condensed Consolidated Statements of Operations. We classify all of our leases for which we are the lessor as operating leases.
Fair Value of Financial Instruments	The fair value of an asset or liability is defined as the price that would be received by selling an asset or paying to transfer a liability in an orderly transaction between market participants at the measurement date. The fair value guidance requires an entity to maximize the use of quoted prices and other observable inputs and minimize the use of unobservable inputs when measuring fair value, and also establishes a fair value hierarchy, which prioritizes the inputs to valuation techniques used to measure fair value as follows: Level 1 - Quoted prices in active markets for identical assets or liabilities. Level 2 - Observable inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. Level 3 - Unobservable inputs to the valuation methodology that are significant to the measurement of fair value.

Overview and Basis of Present_3

Overview and Basis of Presentation (Tables)	9 Months Ended
	Sep. 30, 2021
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Schedule of Corrections to Prior Period Adjustments	Three Months Ended September 30, 2020 Nine Months Ended September 30, 2020 (in thousands) Services Revenue Cost of Services Services Revenue Cost of Services As previously reported $ 43,702 $ 51,730 $ 335,383 $ 395,432 Gross to net correction for GES ( 265 ) ( 265 ) ( 2,331 ) ( 2,331 ) Total as corrected $ 43,437 $ 51,465 $ 333,052 $ 393,101
Schedule of Cash and Cash Equivalents and Restricted Cash Balances	Cash, cash equivalents, and restricted cash balances presented in the Condensed Consolidated Statements of Cash Flows consisted of the following: September 30, December 31, (in thousands) 2021 2020 Cash and cash equivalents $ 110,756 $ 39,545 Restricted cash included in other current assets 2,505 2,426 Cash, cash equivalents, and restricted cash shown in the statement of cash flows $ 113,261 $ 41,971

Revenue and Related Contract _2

Revenue and Related Contract Costs and Contract Liabilities (Tables)	9 Months Ended
	Sep. 30, 2021
Revenue From Contract With Customer [Abstract]
Summary of Changes in Contract Liabilities	Changes to contract liabilities are as follows: (in thousands) Balance at December 31, 2020 $ 18,618 Cash additions 117,499 Revenue recognized ( 90,638 ) Foreign exchange translation adjustment ( 584 ) Balance at September 30, 2021 $ 44,895
Summary of Changes in Contract Costs	Changes to contract costs are as follows: (in thousands) Balance at December 31, 2020 $ 10,835 Additions 24,514 Expenses ( 14,061 ) Cancelled ( 709 ) Foreign exchange translation adjustment ( 57 ) Balance at September 30, 2021 $ 20,522
Disaggregate GES and Pursuit Revenue by Major Product Line Timing of Revenue Recognition and Markets Served	The following tables disaggregate GES and Pursuit revenue by major service and product lines, timing of revenue recognition, and markets served: GES Three Months Ended Nine Months Ended September 30, September 30, (in thousands) 2021 2020 2021 2020 Service lines: Exhibitions and Conferences $ 81,029 $ 4,625 $ 96,881 $ 222,038 Brand experiences 31,009 8,895 55,194 85,831 Venue services 4,006 472 8,034 12,061 Total revenue $ 116,044 $ 13,992 $ 160,109 $ 319,930 Timing of revenue recognition: Services transferred over time $ 100,865 $ 12,031 $ 139,241 $ 287,457 Products transferred over time (1) 6,509 247 7,659 13,442 Products transferred at a point in time 8,670 1,714 13,209 19,031 Total revenue $ 116,044 $ 13,992 $ 160,109 $ 319,930 Geographical markets: North America $ 92,648 $ 11,686 $ 127,978 $ 272,391 EMEA 24,084 2,590 34,061 50,797 Intersegment eliminations ( 688 ) ( 284 ) ( 1,930 ) ( 3,258 ) Total revenue $ 116,044 $ 13,992 $ 160,109 $ 319,930 (1) GES’ graphics product revenue is earned over time over the duration of an event as it is considered a part of the single performance obligation satisfied over time. Pursuit Three Months Ended Nine Months Ended September 30, September 30, (in thousands) 2021 2020 2021 2020 Services: Admissions $ 39,480 $ 12,229 $ 51,069 $ 17,865 Accommodations 37,553 18,021 54,742 23,994 Transportation 3,453 445 4,913 2,513 Travel planning and other 2,019 855 4,668 1,484 Intersegment eliminations ( 406 ) ( 144 ) ( 463 ) ( 261 ) Total services revenue 82,099 31,406 114,929 45,595 Products: Food and beverage 18,029 6,783 25,152 9,047 Retail operations 17,427 10,626 23,577 12,960 Total products revenue 35,456 17,409 48,729 22,007 Total revenue $ 117,555 $ 48,815 $ 163,658 $ 67,602 Timing of revenue recognition: Services transferred over time $ 82,099 $ 31,406 $ 114,929 $ 45,595 Products transferred at a point in time 35,456 17,409 48,729 22,007 Total revenue $ 117,555 $ 48,815 $ 163,658 $ 67,602 Markets: Banff Jasper Collection $ 52,602 $ 26,395 $ 71,720 $ 39,234 Alaska Collection 25,932 5,436 37,279 6,167 Glacier Park Collection 32,081 14,929 43,627 16,813 FlyOver 2,296 2,055 3,494 5,388 Sky Lagoon (1) 4,644 — 7,538 — Total revenue $ 117,555 $ 48,815 $ 163,658 $ 67,602 (1) We opened Pursuit’s new Sky Lagoon attraction on April 30, 2021 in Reykjavik, Iceland.

Share-Based Compensation (Table

Share-Based Compensation (Tables)	9 Months Ended
	Sep. 30, 2021
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Summary of Share-Based Compensation (income) expense	The following table summarizes share-based compensation (income) expense: Three Months Ended Nine Months Ended September 30, September 30, (in thousands) 2021 2020 2021 2020 Performance-based restricted stock units $ ( 118 ) $ 149 $ 488 $ ( 2,596 ) Restricted stock awards and restricted stock units 1,284 1,698 3,964 3,155 Stock options 578 90 1,508 90 Share-based compensation expense before income tax 1,744 1,937 5,960 649 Income tax benefit (1) ( 21 ) — ( 76 ) — Share-based compensation expense, net of income tax $ 1,723 $ 1,937 $ 5,884 $ 649 (1) The 2021 income tax benefit amount primarily reflects the tax benefit associated with our Canadian-based employees. There was no income tax benefit associated with our employees in the United States and the United Kingdom due to a valuation allowance on our deferred tax assets within these jurisdictions. Refer to Note 17 – Income Taxes.
Summary of Activity of the Outstanding PRSU Awards	The following table summarizes the activity of the outstanding PRSUs: Equity-Based Liability-Based Shares Weighted-Average Shares Weighted-Average Balance at December 31, 2020 61,208 $ 57.18 121,485 $ 56.34 Granted 101,785 $ 31.28 — $ — Vested — $ — ( 42,698 ) $ 51.96 Forfeited — $ — ( 1,041 ) $ 56.90 Balance at September 30, 2021 162,993 $ 41.01 77,746 $ 57.13
Summary of Activity of the Outstanding Restricted Stock Awards And Restricted Stock Units	The following table summarizes the activity of the outstanding restricted stock awards and restricted stock units: Equity-Based Equity-Based Liability-Based Shares Weighted-Average Shares Weighted-Average Shares Weighted-Average Balance at December 31, 2020 107,107 $ 53.23 151,261 $ 19.51 10,459 $ 51.91 Granted 22,560 $ 44.77 88,367 $ 44.12 — $ — Vested ( 48,879 ) $ 49.92 ( 34,998 ) $ 19.73 ( 3,174 ) $ 52.24 Forfeited ( 2,279 ) $ 56.63 ( 3,673 ) $ 19.75 — $ — Balance at September 30, 2021 78,509 $ 52.77 200,957 $ 30.29 7,285 $ 53.34
Summary of Stock Option Activity	The following table summarizes stock option activity: Shares Weighted-Average Aggregate Intrinsic Value (1) Options outstanding at December 31, 2020 204,150 $ 19.98 Granted 137,858 $ 44.80 Exercised — $ — Options outstanding at September 30, 2021 342,008 $ 29.98 $ 5,276,367 Options exercisable at September 30, 2021 27,075 $ 21.85 $ 637,887 (1) The aggregate intrinsic value of stock options outstanding represents the difference between our closing stock price at the end of the reporting period and the exercise price, multiplied by the number of in-the-money stock options.
Summary of Options Outstanding and Exercisable	The following table summarizes stock options outstanding and exercisable as of September 30, 2021: Options Outstanding Options Exercisable Range of exercise prices Shares Weighted-Average Weighted-Average Shares Weighted-Average $ 19.30 150,000 7.25 $ 19.30 — $ — $ 21.85 54,150 5.91 $ 21.85 27,075 $ 21.85 $ 44.80 137,858 6.40 $ 44.80 — $ — $ 19.30 -$ 44.80 342,008 6.70 $ 29.98 27,075 $ 21.85
Assumptions Used in the Black-Scholes Option Pricing Model to Estimate the Fair Value of Each Stock Option Grant	Following is additional information on stock options granted during the nine months ended September 30, 2021 and the underlying assumptions used in assessing fair value: Nine Months Ended September 30, 2021 Assumptions used to estimate fair value of stock options granted: Risk-free interest rate 0.50 % Expected term (in years) 4.5 Expected volatility 55.8 % Expected dividend yield — Weighted average grant-date fair value per share of options granted $ 20.26

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Sep. 30, 2021
Inventory Disclosure [Abstract]
Components of Inventories	The components of inventories consisted of the following: September 30, December 31, (in thousands) 2021 2020 Raw materials $ 2,482 $ 3,362 Finished goods 6,269 5,365 Inventories $ 8,751 $ 8,727

Other Current Assets (Tables)

Other Current Assets (Tables)	9 Months Ended
	Sep. 30, 2021
Deferred Costs Capitalized Prepaid And Other Assets Disclosure [Abstract]
Schedule of Other Current Assets	Other current assets consisted of the following: September 30, December 31, (in thousands) 2021 2020 Prepaid software maintenance $ 3,887 $ 3,058 Income tax receivable 4,333 337 Prepaid insurance 2,824 4,297 Restricted cash 2,505 2,426 Prepaid vendor payments 2,188 1,835 Prepaid taxes 1,131 345 Prepaid other 1,954 1,296 Other 1,558 3,631 Other current assets $ 20,380 $ 17,225

Property and Equipment (Tables)

Property and Equipment (Tables)	9 Months Ended
	Sep. 30, 2021
Property Plant And Equipment [Abstract]
Schedule of Property and Equipment	Property and equipment consisted of the following: September 30, December 31, (in thousands) 2021 2020 Land and land interests $ 30,504 $ 32,849 Buildings and leasehold improvements 387,955 386,751 Equipment and other 433,412 401,288 Gross property and equipment 851,871 820,888 Accumulated depreciation ( 367,854 ) ( 352,100 ) Property and equipment, net (excluding finance leases) 484,017 468,788 Finance lease ROU assets, net (1) 61,263 23,366 Property and equipment, net $ 545,280 $ 492,154

Other Investments and Assets (T

Other Investments and Assets (Tables)	9 Months Ended
	Sep. 30, 2021
Investments All Other Investments [Abstract]
Summary of Other Investments and Assets	Other investments and assets consisted of the following: September 30, December 31, (in thousands) 2021 2020 Self-insured liability receivable $ 6,358 $ 6,358 Other mutual funds 3,903 3,457 Contract costs 2,561 2,912 Other 2,691 2,765 Other investments and assets $ 15,513 $ 15,492

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	9 Months Ended
	Sep. 30, 2021
Goodwill And Intangible Assets Disclosure [Abstract]
Summary of the Goodwill Balances by Component and Segment	The changes in the carrying amount of goodwill are as follows: (in thousands) Pursuit Balance at December 31, 2020 $ 99,847 Business acquisition 11,776 Foreign currency translation adjustments 80 Balance at September 30, 2021 $ 111,703
Summary of Other Intangible Assets	Other intangible assets consisted of the following: September 30, 2021 December 31, 2020 (in thousands) Useful Life Gross Accumulated Net Gross Accumulated Net Intangible assets subject to amortization: Customer contracts and relationships 6.1 $ 37,698 $ ( 28,398 ) $ 9,300 $ 38,214 $ ( 26,288 ) $ 11,926 Operating contracts and licenses 36.0 41,391 ( 3,160 ) 38,231 42,012 ( 2,405 ) 39,607 In-place lease 13.2 15,413 ( 980 ) 14,433 15,347 ( 656 ) 14,691 Tradenames 4.6 5,607 ( 2,631 ) 2,976 5,940 ( 2,435 ) 3,505 Non-compete agreements 0.3 773 ( 734 ) 39 770 ( 616 ) 154 Other 6.4 822 ( 130 ) 692 818 ( 102 ) 716 Total amortized intangible assets 101,704 ( 36,033 ) 65,671 103,101 ( 32,502 ) 70,599 Indefinite-lived intangible assets: Business licenses 573 — 573 573 — 573 Other intangible assets $ 102,277 $ (36,033 ) $ 66,244 $ 103,674 $ (32,502 ) $ 71,172
Estimated Future Amortization Expense Related to Intangible Assets Subject to Amortization	At September 30, 2021, the estimated future amortization expense related to intangible assets subject to amortization is as follows: (in thousands) Year ending December 31, Remainder of 2021 $ 1,353 2022 5,109 2023 4,451 2024 3,495 2025 2,200 Thereafter 49,063 Total $ 65,671

Other Current Liabilities (Tabl

Other Current Liabilities (Tables)	9 Months Ended
	Sep. 30, 2021
Other Liabilities Current [Abstract]
Other Current Liabilities	Other current liabilities consisted of the following: September 30, December 31, (in thousands) 2021 2020 Continuing operations: Accrued sales and use taxes $ 6,479 $ 1,547 Self-insured liability 5,066 5,715 Accrued employee benefit costs 4,523 2,363 Commissions payable 4,051 903 Accrued interest payable 3,995 3,042 Accrued restructuring 2,076 2,479 Current portion of pension and postretirement liabilities 1,618 1,805 Accrued professional fees 1,516 1,691 Other taxes 2,187 1,872 Other 4,898 5,123 Total continuing operations 36,409 26,540 Discontinued operations: Self-insured liability 296 347 Environmental remediation liabilities 62 61 Other 94 91 Total discontinued operations 452 499 Total other current liabilities $ 36,861 $ 27,039

Other Deferred Items and Liab_2

Other Deferred Items and Liabilities (Tables)	9 Months Ended
	Sep. 30, 2021
Other Liabilities Disclosure [Abstract]
Summary of Other Deferred Items and Liabilities	Other deferred items and liabilities consisted of the following: September 30, December 31, (in thousands) 2021 2020 Continuing operations: Foreign deferred tax liability $ 29,482 $ 21,336 Multi-employer pension plan withdrawal liability 14,366 15,864 Self-insured liability 7,754 6,662 Self-insured excess liability 6,358 6,358 Accrued compensation 5,656 5,821 Accrued restructuring 2,640 2,751 Other 1,590 1,479 Total continuing operations 67,846 60,271 Discontinued operations: Environmental remediation liabilities 2,191 2,179 Self-insured liability 1,619 1,639 Other 250 539 Total discontinued operations 4,060 4,357 Total other deferred items and liabilities $ 71,906 $ 64,628

Debt and Finance Lease Obliga_2

Debt and Finance Lease Obligations (Tables)	9 Months Ended
	Sep. 30, 2021
Debt Disclosure [Abstract]
Schedule of Debt and Finance Lease Obligations	The components of debt and finance lease obligations consisted of the following: September 30, December 31, (in thousands, except interest rates) 2021 2020 2021 Credit Facility, 5.5 % weighted-average interest rate at September 30, 2021, due through 2028 (1) $ 400,000 $ — 2018 Credit Facility, 4.5 % weighted-average interest rate at December 31, 2020 — 266,762 FlyOver Iceland Credit Facility, 4.9 % weighted-average interest rate at September 30, 2021 and December 31, 2020, due through 2023 (1) 5,619 5,820 FlyOver Iceland Term Loans, 3.8 % weighted-average interest rate at September 30, 2021 and December 31, 2020, due through 2024 (1) 689 705 Less unamortized debt issuance costs ( 15,525 ) ( 2,737 ) Total debt 390,783 270,550 Finance lease obligations, 9.1 % weighted-average interest rate at September 30, 2021 and 8.0 % at December 31, 2020, due through 2067 (2) 63,597 23,141 Total debt and finance lease obligations (3)(4) 454,380 293,691 Current portion ( 8,218 ) ( 8,335 ) Long-term debt and finance lease obligations $ 446,162 $ 285,356 (1) Represents the weighted-average interest rate in effect at the respective periods, including any applicable margin. The interest rates do not include amortization of debt issuance costs or commitment fees. (2) The increase in finance lease obligations is primarily due to the commencement of Pursuit’s new Sky Lagoon attraction in Iceland during the first quarter of 2021, which has a 46 -year lease term. (3) The estimated fair value of total debt and finance leases was $ 310.5 million as of September 30, 2021 and $ 254.0 million as of December 31, 2020 . 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. (4) Cash paid for interest on debt was $ 14.9 million for the nine months ended September 30, 2021 and $ 12.1 million for the nine months ended September 30, 2020 .

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2021
Fair Value Disclosures [Abstract]
Summary of Fair Value Assets Measured on Recurring Basis	The fair value information related to these assets is summarized in the following tables: Fair Value Measurements at Reporting Date Using (in thousands) September 30, 2021 Quoted Prices Significant Significant Assets: Money market funds (1) $ 50,001 $ 50,001 $ — $ — Other mutual funds (2) 3,903 3,903 — — Total assets at fair value on a recurring basis $ 53,904 $ 53,904 $ — $ — Fair Value Measurements at Reporting Date Using (in thousands) December 31, 2020 Quoted Prices Significant Significant Assets: Money market funds (1) $ 2 $ 2 $ — $ — Other mutual funds (2) 3,457 3,457 — — Total assets at fair value on a recurring basis $ 3,459 $ 3,459 $ — $ — (1) We include money market funds in “Cash and cash equivalents” in the Condensed Consolidated Balance Sheets. We classify these investments as available-for-sale and record them at fair value. There have been no realized gains or losses related to these investments and we have not experienced any redemption restrictions with respect to any of the money market mutual funds. (2) We include other mutual funds in “Other investments and assets” in the Condensed Consolidated Balance Sheets.

Income (Loss) Per Share (Tables

Income (Loss) Per Share (Tables)	9 Months Ended
	Sep. 30, 2021
Earnings Per Share [Abstract]
Reconciliation of Basic and Diluted Loss Per Share	The components of basic and diluted income (loss) per share are as follows: Three Months Ended Nine Months Ended September 30, September 30, (in thousands, except per share data) 2021 2020 2021 2020 Net income (loss) attributable to Viad (diluted) $ 15,067 $ ( 30,758 ) $ ( 70,111 ) $ ( 323,621 ) Less: Allocation to participating securities ( 3,141 ) — — — Convertible preferred stock dividends paid in cash ( 1,950 ) — ( 1,950 ) — Convertible preferred stock dividends paid in kind — ( 1,134 ) ( 3,821 ) ( 1,134 ) Adjustment to the redemption value of redeemable noncontrolling interest ( 488 ) ( 468 ) ( 1,091 ) ( 926 ) Net income (loss) allocated to Viad common stockholders (basic) $ 9,488 $ ( 32,360 ) $ ( 76,973 ) $ ( 325,681 ) Add: Allocation to participating securities 36 — — — Net income (loss) allocated to Viad common stockholders (diluted) $ 9,524 $ ( 32,360 ) $ ( 76,973 ) $ ( 325,681 ) Basic weighted-average outstanding common shares 20,420 20,293 20,396 20,263 Additional dilutive shares related to share-based compensation 322 — — — Diluted weighted-average outstanding shares 20,742 20,293 20,396 20,263 Income (loss) per share: Basic income (loss) attributable to Viad common stockholders $ 0.46 $ ( 1.59 ) $ ( 3.77 ) $ ( 16.07 ) Diluted income (loss) attributable to Viad common stockholders (1) $ 0.46 $ ( 1.59 ) $ ( 3.77 ) $ ( 16.07 )
Schedule of Excluded Weighted-Average Potential Common Shares from Calculations of Diluted Net Income (Loss) Per Common Shares	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) 2021 2020 2021 2020 Convertible preferred stock — 6,353 6,584 6,353 Unvested restricted share-based awards 3 135 173 105 Unvested performance share-based awards — — 28 — Stock options 138 27 219 14

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Loss) (Tables)	9 Months Ended
	Sep. 30, 2021
Accumulated Other Comprehensive Income Loss [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss)	Changes in accumulated other comprehensive income (loss) (“AOCI”) by component are as follows: (in thousands) Cumulative Unrecognized Net Actuarial Loss and Prior Service Credit, Net Accumulated Balance at December 31, 2020 $ ( 16,686 ) $ ( 13,955 ) $ ( 30,641 ) Other comprehensive income before reclassifications ( 980 ) — ( 980 ) Amounts reclassified from AOCI, net of tax — 205 205 Net other comprehensive income (loss) ( 980 ) 205 ( 775 ) Balance at September 30, 2021 $ ( 17,666 ) $ ( 13,750 ) $ ( 31,416 ) (in thousands) Cumulative Unrecognized Net Actuarial Loss and Prior Service Credit, Net Accumulated Balance at December 31, 2019 $ ( 23,799 ) $ ( 11,900 ) $ ( 35,699 ) Other comprehensive loss before reclassifications ( 7,342 ) — ( 7,342 ) Amounts reclassified from AOCI, net of tax — 354 354 Net other comprehensive income (loss) ( 7,342 ) 354 ( 6,988 ) Balance at September 30, 2020 $ ( 31,141 ) $ ( 11,546 ) $ ( 42,687 )

Pension and Postretirement Be_2

Pension and Postretirement Benefits (Tables)	9 Months Ended
	Sep. 30, 2021
Compensation And Retirement Disclosure [Abstract]
Components of Net Periodic Benefit Cost of Pension and Postretirement Benefit Plans	The components of net periodic benefit cost of our pension and postretirement benefit plans for the three months ended September 30, 2021 and 2020 consist of the following: Domestic Plans Pension Plans Postretirement Benefit Plans Foreign Pension Plans (in thousands) 2021 2020 2021 2020 2021 2020 Service cost $ — $ — $ 24 $ 7 $ 113 $ 112 Interest cost 110 162 41 64 77 87 Expected return on plan assets ( 20 ) ( 74 ) — — ( 127 ) ( 134 ) Amortization of prior service credit — — ( 1 ) ( 36 ) — — Recognized net actuarial (gain) loss 157 130 ( 12 ) ( 26 ) 49 48 Net periodic benefit cost $ 247 $ 218 $ 52 $ 9 $ 112 $ 113 The components of net periodic benefit cost of our pension and postretirement benefit plans for the nine months ended September 30, 2021 and 2020 consist of the following: Domestic Plans Pension Plans Postretirement Benefit Plans Foreign Pension Plans (in thousands) 2021 2020 2021 2020 2021 2020 Service cost $ — $ — $ 52 $ 38 $ 343 $ 330 Interest cost 315 490 136 222 233 254 Expected return on plan assets ( 35 ) ( 109 ) — — ( 382 ) ( 394 ) Amortization of prior service credit — — ( 4 ) ( 109 ) — — Recognized net actuarial loss 467 395 86 13 148 138 Net periodic benefit cost $ 747 $ 776 $ 270 $ 164 $ 342 $ 328

Restructuring Charges (Tables)

Restructuring Charges (Tables)	9 Months Ended
	Sep. 30, 2021
Restructuring And Related Activities [Abstract]
Changes to Restructuring Liability by Major Restructuring Activity	Changes to the restructuring liability by major restructuring activity are as follows: GES Other Restructurings (in thousands) Severance & Facilities Severance & Total Balance at December 31, 2020 $ 2,440 $ 2,766 $ 24 $ 5,230 Restructuring charges 1,640 4,059 100 5,799 Cash payments ( 992 ) ( 3,296 ) ( 91 ) ( 4,379 ) Non-cash items (1) — ( 1,890 ) — ( 1,890 ) Adjustment to liability ( 5 ) ( 26 ) ( 13 ) ( 44 ) Balance at September 30, 2021 $ 3,083 $ 1,613 $ 20 $ 4,716 (1) Represents non-cash adjustments related to a write down of certain ROU assets as a result of vacating certain facilities prior to the lease term and the closure and liquidation of GES’ United Kingdom-based audio-visual services business.

Leases and Other (Tables)

Leases and Other (Tables)	9 Months Ended
	Sep. 30, 2021
Leases [Abstract]
Summary of Balance Sheet Presentation of Operating and Finance Leases	The balance sheet presentation of our operating and finance leases is as follows: September 30, December 31, (in thousands) Classification on the Condensed Consolidated Balance Sheet 2021 2020 Assets: Operating lease assets Operating lease ROU assets $ 87,935 $ 82,739 Finance lease assets (1) Property and equipment, net 61,263 23,366 Total lease assets $ 149,198 $ 106,105 Liabilities: Current: Operating lease obligations Operating lease obligations $ 11,058 $ 15,697 Finance lease obligations Current portion of debt and finance lease obligations 3,085 2,514 Noncurrent: Operating lease obligations Long-term operating lease obligations 86,165 70,150 Finance lease obligations (1) Long-term debt and finance lease obligations 60,512 20,627 Total lease liabilities $ 160,820 $ 108,988 The increase in finance lease assets and obligations is primarily due to the commencement of Pursuit’s new Sky Lagoon attraction in Iceland during the first quarter of 2021, which has a 46 -year lease term.
Components of Lease Expense	The components of lease expense consisted of the following: Three Months Ended Nine Months Ended September 30, September 30, (in thousands) 2021 2020 2021 2020 Finance lease cost: Amortization of ROU assets $ 1,093 $ 926 $ 3,231 $ 2,767 Interest on lease liabilities 1,405 429 4,193 1,258 Operating lease cost 5,165 6,596 17,328 20,235 Short-term lease cost 394 123 853 465 Variable lease cost 1,059 1,557 3,093 4,615 Total lease cost, net $ 9,116 $ 9,631 $ 28,698 $ 29,340
Schedule of Other Information Related to Operating and Finance Leases	Other information related to operating and finance leases are as follows: Three Months Ended Nine Months Ended September 30, September 30, (in thousands) 2021 2020 2021 2020 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 5,140 $ 5,644 $ 17,753 $ 18,268 Operating cash flows from finance leases $ 4,748 $ 839 $ 5,955 $ 1,705 Financing cash flows from finance leases $ 656 $ 665 $ 2,050 $ 2,235 ROU assets obtained in exchange for lease obligations: Operating leases $ 8,033 $ ( 3,059 ) $ 26,968 $ 1,018 Finance leases 1,073 $ 126 $ 42,782 $ 1,894 September 30, December 31, 2021 2020 Weighted-average remaining lease term (years): Operating leases 8.33 8.39 Finance leases 35.11 (1) 13.97 Weighted-average discount rate: Operating leases 6.72 % 6.93 % Finance leases 9.05 % 7.99 %
Schedule of Estimated Future Minimum Lease Payments Under Non-cancellable Leases Excluding Variable Leases and Variable Non-lease Components	As of September 30, 2021, the estimated future minimum lease payments under non-cancellable leases, excluding variable leases and variable non-lease components, are as follows: (in thousands) Operating Leases Finance Leases Total Remainder of 2021 $ 5,571 $ 2,142 $ 7,713 2022 19,954 8,269 28,223 2023 17,858 7,750 25,608 2024 16,113 6,699 22,812 2025 14,832 6,168 21,000 Thereafter 60,906 188,955 249,861 Total future lease payments 135,234 219,983 355,217 Less: Amount representing interest ( 38,011 ) ( 156,386 ) ( 194,397 ) Present value of minimum lease payments 97,223 63,597 160,820 Current portion 11,058 3,085 14,143 Long-term portion $ 86,165 $ 60,512 $ 146,677
Schedule of Estimated Future Minimum Rentals Under Non-cancellable Leases	As of September 30, 2021, the estimated future minimum rental income under non-cancellable leases, which includes rental income from facilities that we own, is as follows: (in thousands) Remainder of 2021 $ 411 2022 1,291 2023 1,071 2024 847 2025 694 Thereafter 1,453 Total minimum rents $ 5,767

Noncontrolling Interest _ Red_2

Noncontrolling Interest – Redeemable and Non-redeemable (Tables)	9 Months Ended
	Sep. 30, 2021
Noncontrolling Interest [Abstract]
Summary of Changes in Redeemable Noncontrolling Interest	Changes in the redeemable noncontrolling interest are as follows: (in thousands) Balance at December 31, 2020 $ 5,225 Net loss attributable to redeemable noncontrolling interest ( 1,221 ) Adjustment to the redemption value 1,091 Capital contributions 282 Foreign currency translation adjustment ( 126 ) Balance at September 30, 2021 $ 5,251 Non-redeemable noncontrolling interest Non-redeemable noncontrolling interest represents the portion of equity in a subsidiary that is not attributable, directly or indirectly, to us. Our non-redeemable noncontrolling interest relates to the equity ownership interest that we do not own. Changes in the non-redeemable noncontrolling interest are as follows: (in thousands) Glacier Park Inc. Brewster (1) Sky Lagoon Total Balance at December 31, 2020 $ 13,953 $ 51,295 $ 12,896 $ 78,144 Net (income) loss attributable to non-redeemable noncontrolling interest 1,893 1,976 ( 820 ) 3,049 Acquisitions — 6,759 — 6,759 Dividends — ( 1,160 ) — ( 1,160 ) Foreign currency translation adjustments 1 117 ( 259 ) ( 141 ) Balance at September 30, 2021 $ 15,847 $ 58,987 $ 11,817 $ 86,651 Equity ownership interest that we do not own 20 % 40 % 49 % (1) Includes Mountain Park Lodges and our recently acquired Golden Skybridge at Brewster, part of the Banff Jasper Collection.

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Sep. 30, 2021
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 Nine Months Ended September 30, September 30, (in thousands) 2021 2020 2021 2020 Revenue: GES $ 116,044 $ 13,992 $ 160,109 $ 319,930 Pursuit 117,555 48,815 163,658 67,602 Total revenue $ 233,599 $ 62,807 $ 323,767 $ 387,532 Segment operating income (loss): GES $ ( 9,499 ) $ ( 18,248 ) $ ( 56,300 ) $ ( 39,450 ) Pursuit 49,601 11,467 23,183 ( 26,499 ) Segment operating income (loss) 40,102 ( 6,781 ) ( 33,117 ) ( 65,949 ) Corporate eliminations (1) 17 16 52 48 Corporate activities ( 3,093 ) ( 2,645 ) ( 8,104 ) ( 5,902 ) Interest expense, net ( 9,518 ) ( 5,450 ) ( 20,168 ) ( 14,399 ) Multi-employer pension plan withdrawal — — ( 57 ) ( 462 ) Other expense, net ( 466 ) ( 210 ) ( 1,506 ) ( 894 ) Restructuring (charges) recoveries: GES ( 2,129 ) ( 10,686 ) ( 5,699 ) ( 11,371 ) Pursuit ( 32 ) 12 ( 55 ) ( 45 ) Corporate ( 25 ) ( 585 ) ( 45 ) ( 954 ) Impairment charges: GES — ( 676 ) — ( 201,319 ) Pursuit — — — ( 1,757 ) Income (loss) from continuing operations before income taxes $ 24,856 $ ( 27,005 ) $ ( 68,699 ) $ ( 303,004 ) (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.

Overview and Basis of Present_4

Overview and Basis of Presentation - Narrative (Details) $ in Millions	Jul. 30, 2021USD ($)	Aug. 05, 2020USD ($)	Sep. 30, 2021Segment	Aug. 31, 2020USD ($)
Overview And Summary Of Significant Accounting Policies [Line Items]
Number of reportable segments | Segment			2
Initial Investment		$ 135
Fees		$ 9.2
Percentage of non equity ownership related redeemable noncontrolling interests			54.90%
Remaining maturities of highly-liquid investments			three months or less
Maximum
Overview And Summary Of Significant Accounting Policies [Line Items]
Lease expiration period			24 years
Maximum | Land
Overview And Summary Of Significant Accounting Policies [Line Items]
Lease expiration period			46 years
Revolving Credit Facility
Overview And Summary Of Significant Accounting Policies [Line Items]
Borrowing capacity on line of credit				$ 450
2018 Credit Agreement | Revolving Credit Facility
Overview And Summary Of Significant Accounting Policies [Line Items]
Maturity date	Oct. 24, 2023
2018 Credit Agreement | Term Loan B
Overview And Summary Of Significant Accounting Policies [Line Items]
Fees	$ 14.8
Loans Proceeds Offset	400
2021 Credit Facility
Overview And Summary Of Significant Accounting Policies [Line Items]
Fees	14.8
Line of credit facility maximum borrowing capacity	500
Loans Proceeds Offset	400
2021 Credit Facility | Revolving Credit Facility
Overview And Summary Of Significant Accounting Policies [Line Items]
Line of credit facility maximum borrowing capacity	$ 100
Maturity date	July 30, 2026
2021 Credit Facility | Senior Secured Credit Facility
Overview And Summary Of Significant Accounting Policies [Line Items]
Line of credit facility maximum borrowing capacity	$ 500
2021 Credit Facility | Term Loan B
Overview And Summary Of Significant Accounting Policies [Line Items]
Borrowing capacity on line of credit	400
Line of credit facility maximum borrowing capacity	$ 400
Maturity date	July 30, 2028

Overview and Basis of Present_5

Overview and Basis of Presentation - Schedule of Corrections to Prior Period Adjustments (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Total revenue	$ 233,599	$ 62,807	$ 323,767	$ 387,532
Services
Total revenue	182,964	43,437	254,170	333,052
Costs and expenses	150,983	51,465	283,403	393,101
Cost of Services
Costs and expenses		51,465		393,101
GES
Total revenue	$ 116,044	13,992	$ 160,109	319,930
Previously Reported | Services
Total revenue		43,702		335,383
Previously Reported | Cost of Services
Costs and expenses		51,730		395,432
Revision of Prior Period, Error Correction, Adjustment | GES | Services
Total revenue		(265)		(2,331)
Revision of Prior Period, Error Correction, Adjustment | GES | Cost of Services
Costs and expenses		$ 265		$ 2,331

Overview and Basis of Present_6

Overview and Basis of Presentation - Schedule of Cash and Cash Equivalents and Restricted Cash Balances (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020	Sep. 30, 2020	Dec. 31, 2019
Cash And Cash Equivalents [Abstract]
Cash and cash equivalents	$ 110,756	$ 39,545	$ 110,756
Restricted cash included in other current assets	$ 2,505	$ 2,426
Restricted Cash and Cash Equivalents, Current, Asset, Statement of Financial Position [Extensible List]	us-gaap:OtherCurrentAssetsMember	us-gaap:OtherCurrentAssetsMember
Cash, cash equivalents, and restricted cash shown in the statement of cash flows	$ 113,261	$ 41,971	$ 58,844	$ 62,004

Revenue and Related Contract _3

Revenue and Related Contract Costs and Contract Liabilities - Narrative (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Disaggregation Of Revenue [Line Items]
Revenue recognition description of capitalized contract costs			Capitalized contract costs are expensed upon the transfer of the related goods or services and are included in costs of services or costs of products, as applicable
Capitalized contract costs to obtain contracts	$ 600,000		$ 600,000
Capitalized contract costs to fulfill contracts	19,900,000		19,900,000
Impairment loss on capitalized contract costs	$ 0	$ 0	$ 0	$ 0
GES
Disaggregation Of Revenue [Line Items]
Performance obligation description of payment terms			Payment terms are generally within 30-60 days and contain no significant financing components.
GES | Minimum
Disaggregation Of Revenue [Line Items]
Performance obligation payment terms			30 days
GES | Maximum
Disaggregation Of Revenue [Line Items]
Performance obligation payment terms			60 days
Pursuit
Disaggregation Of Revenue [Line Items]
Performance obligation description of payment terms			When we extend credit, payment terms are generally within 30 days and contain no significant financing components.
Performance obligation payment terms			30 days

Revenue and Related Contract _4

Revenue and Related Contract Costs and Contract Liabilities - Summary of Changes in Contract Liabilities (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2021USD ($)
Revenue From Contract With Customer [Abstract]
Balance at December 31, 2020	$ 18,618
Cash additions	117,499
Revenue recognized	(90,638)
Foreign exchange translation adjustment	(584)
Balance at September 30, 2021	$ 44,895

Revenue and Related Contract _5

Revenue and Related Contract Costs and Contract Liabilities - Summary of Changes in Contract Costs (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2021USD ($)
Revenue From Contract With Customer [Abstract]
Balance at December 31, 2020	$ 10,835
Additions	24,514
Expenses	(14,061)
Cancelled	(709)
Foreign exchange translation adjustment	(57)
Balance at September 30, 2021	$ 20,522

Revenue and Related Contract _6

Revenue and Related Contract Costs and Contract Liabilities - Disaggregate GES and Pursuit Revenue by Major Product Line Timing of Revenue Recognition and Markets Served (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Disaggregation Of Revenue [Line Items]
Total revenue		$ 233,599	$ 62,807	$ 323,767	$ 387,532
GES
Disaggregation Of Revenue [Line Items]
Total revenue		116,044	13,992	160,109	319,930
GES | Operating Segments
Disaggregation Of Revenue [Line Items]
Total revenue		116,044	13,992	160,109	319,930
GES | Intersegment Eliminations
Disaggregation Of Revenue [Line Items]
Total revenue		(688)	(284)	(1,930)	(3,258)
Pursuit
Disaggregation Of Revenue [Line Items]
Total revenue		117,555	48,815	163,658	67,602
Pursuit | Operating Segments
Disaggregation Of Revenue [Line Items]
Total revenue		117,555	48,815	163,658	67,602
Pursuit | Intersegment Eliminations
Disaggregation Of Revenue [Line Items]
Total revenue		(406)	(144)	(463)	(261)
North America | GES | Operating Segments
Disaggregation Of Revenue [Line Items]
Total revenue		92,648	11,686	127,978	272,391
EMEA | GES | Operating Segments
Disaggregation Of Revenue [Line Items]
Total revenue		24,084	2,590	34,061	50,797
Services Transferred Over Time | GES
Disaggregation Of Revenue [Line Items]
Total revenue		100,865	12,031	139,241	287,457
Services Transferred Over Time | Pursuit
Disaggregation Of Revenue [Line Items]
Total revenue		82,099	31,406	114,929	45,595
Products Transferred Over Time | GES
Disaggregation Of Revenue [Line Items]
Total revenue	[1]	6,509	247	7,659	13,442
Products Transferred at a Point in Time | GES
Disaggregation Of Revenue [Line Items]
Total revenue		8,670	1,714	13,209	19,031
Products Transferred at a Point in Time | Pursuit
Disaggregation Of Revenue [Line Items]
Total revenue		(35,456)	17,409	48,729	22,007
Exhibitions And Conferences | GES
Disaggregation Of Revenue [Line Items]
Total revenue		81,029	4,625	96,881	222,038
Brand Experiences | GES
Disaggregation Of Revenue [Line Items]
Total revenue		31,009	8,895	55,194	85,831
Venue Services | GES
Disaggregation Of Revenue [Line Items]
Total revenue		4,006	472	8,034	12,061
Accommodations | Pursuit
Disaggregation Of Revenue [Line Items]
Total revenue		(37,553)	18,021	54,742	23,994
Admissions | Pursuit
Disaggregation Of Revenue [Line Items]
Total revenue		(39,480)	12,229	51,069	17,865
Transportation | Pursuit
Disaggregation Of Revenue [Line Items]
Total revenue		3,453	445	4,913	2,513
Travel Planning and Other | Pursuit
Disaggregation Of Revenue [Line Items]
Total revenue		2,019	855	4,668	1,484
Total Services | Pursuit
Disaggregation Of Revenue [Line Items]
Total revenue		82,099	31,406	114,929	45,595
Food and Beverage | Pursuit
Disaggregation Of Revenue [Line Items]
Total revenue		18,029	6,783	25,152	9,047
Retail Operations | Pursuit
Disaggregation Of Revenue [Line Items]
Total revenue		17,427	10,626	23,577	12,960
Products
Disaggregation Of Revenue [Line Items]
Total revenue		50,635	19,370	69,597	54,480
Products | Pursuit
Disaggregation Of Revenue [Line Items]
Total revenue		35,456	17,409	48,729	22,007
Banff Jasper Collection | Pursuit
Disaggregation Of Revenue [Line Items]
Total revenue		(52,602)	26,395	71,720	39,234
Alaska Collection | Pursuit
Disaggregation Of Revenue [Line Items]
Total revenue		(25,932)	5,436	37,279	6,167
Glacier Park Collection | Pursuit
Disaggregation Of Revenue [Line Items]
Total revenue		(32,081)	14,929	43,627	16,813
FlyOver | Pursuit
Disaggregation Of Revenue [Line Items]
Total revenue		(2,296)	$ 2,055	3,494	$ 5,388
Sky Lagoon | Pursuit
Disaggregation Of Revenue [Line Items]
Total revenue	[2]	$ (4,644)		$ 7,538
[1]	GES’ graphics product revenue is earned over time over the duration of an event as it is considered a part of the single performance obligation satisfied over time.
[2]	We opened Pursuit’s new Sky Lagoon attraction on April 30, 2021 in Reykjavik, Iceland.

Share-Based Compensation - Narr

Share-Based Compensation - Narrative (Details) - USD ($) $ in Thousands	9 Months Ended		12 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2020
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Repurchase of common stock for employee tax withholding obligations amount	$ 1,119	$ 1,062
Recognition period of unrecognized cost	1 year 6 months
Total unrecognized compensation cost related to non-vested stock option awards	$ 2,700
Minimum
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Share based compensation arrangement performance period	1 year 4 months 24 days
Maximum
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Share based compensation arrangement performance period	3 years 4 months 24 days
Requisite service period	3 years
2017 Plan
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Useful Term of the plan	10 years
Common stock shares issuable	1,750,000
Shares available for grant	736,786
2007 Plan | Performance-based Restricted Stock Units ("PBRS")
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Shares available for grant			0
Awards with grant date fair value during the period	$ 3,200
Liability based PRSU	800		$ 800
Payments to employees	0		2,600
Unamortized cost	$ 2,700
Recognition period of unrecognized cost	2 years 3 months 18 days
2007 Plan | Restricted Stock Awards And Restricted Stock Units
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Payments to employees	$ 100	200
Paid to employees as shares		$ 800
Repurchase of common stock for employee tax withholding obligations amount, shares	25,856	17,961
Repurchase of common stock for employee tax withholding obligations amount	$ 1,100	$ 1,100
Unamortized cost	$ 5,000
Recognition period of unrecognized cost	1 year 2 months 12 days
Liabilities related to restricted stock	$ 200		$ 200
Vested, shares	3,174	2,815
2007 Plan | Minimum
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Award vesting period	3 years
2007 Plan | Maximum
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Award vesting period	4 years

Share-Based Compensation - Summ

Share-Based Compensation - Summary of Share-Based Compensation (income) expense (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Summary of share-based compensation expense
Share-based compensation expense	$ 1,744	$ 1,937	$ 5,960	$ 649
Share-based compensation expense before income tax	1,744	1,937	5,960	649
Income tax benefit	(21)		(76)
Share-based compensation expense, net of income tax	1,723	1,937	5,884	649
Performance-based Restricted Stock Units ("PBRS")
Summary of share-based compensation expense
Share-based compensation expense	(118)	149	488	(2,596)
Share-based compensation expense before income tax	(118)	149	488	(2,596)
Restricted Stock Awards And Restricted Stock Units
Summary of share-based compensation expense
Share-based compensation expense	1,284	1,698	3,964	3,155
Share-based compensation expense before income tax	1,284	1,698	3,964	3,155
Stock Options
Summary of share-based compensation expense
Share-based compensation expense	578	90	1,508	90
Share-based compensation expense before income tax	$ 578	$ 90	$ 1,508	$ 90

Share-Based Compensation - Su_2

Share-Based Compensation - Summary of Activity of the Outstanding PRSU Awards (Details) - Performance-based Restricted Stock Units ("PBRS")	9 Months Ended
	Sep. 30, 2021$ / sharesshares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Beginning Balance, shares | shares	61,208
Granted, shares | shares	101,785
Ending Balance, shares | shares	162,993
Beginning Balance, Weighted-Average Grant Date Fair Value | $ / shares	$ 57.18
Granted, Weighted-Average Grant Date Fair Value | $ / shares	31.28
Ending Balance, Weighted-Average Grant Date Fair Value | $ / shares	$ 41.01
Beginning Balance, shares | shares	121,485
Vested, shares | shares	(42,698)
Forfeited, shares | shares	(1,041)
Ending Balance, shares | shares	77,746
Beginning Balance, Weighted-Average Grant Date Fair Value | $ / shares	$ 56.34
Vested, Weighted-Average Grant Date Fair Value | $ / shares	51.96
Forfeited, Weighted-Average Grant Date Fair Value | $ / shares	56.90
Ending Balance, Weighted-Average Grant Date Fair Value | $ / shares	$ 57.13

Share-Based Compensation - Su_3

Share-Based Compensation - Summary of Activity of the Outstanding Restricted Stock Awards And Restricted Stock Units (Details)	9 Months Ended
	Sep. 30, 2021$ / sharesshares
Restricted Stock Awards
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Beginning Balance, shares | shares	107,107
Granted, shares | shares	22,560
Vested, shares | shares	(48,879)
Forfeited, shares | shares	(2,279)
Ending Balance, shares | shares	78,509
Beginning Balance, Weighted-Average Grant Date Fair Value | $ / shares	$ 53.23
Granted, Weighted-Average Grant Date Fair Value | $ / shares	44.77
Vested, Weighted-Average Grant Date Fair Value | $ / shares	49.92
Forfeited, Weighted-Average Grant Date Fair Value | $ / shares	56.63
Ending Balance, Weighted-Average Grant Date Fair Value | $ / shares	$ 52.77
Restricted Stock Units
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Beginning Balance, shares | shares	151,261
Granted, shares | shares	88,367
Vested, shares | shares	(34,998)
Forfeited, shares | shares	(3,673)
Ending Balance, shares | shares	200,957
Beginning Balance, Weighted-Average Grant Date Fair Value | $ / shares	$ 19.51
Granted, Weighted-Average Grant Date Fair Value | $ / shares	44.12
Vested, Weighted-Average Grant Date Fair Value | $ / shares	19.73
Forfeited, Weighted-Average Grant Date Fair Value | $ / shares	19.75
Ending Balance, Weighted-Average Grant Date Fair Value | $ / shares	$ 30.29
Beginning Balance, shares | shares	10,459
Vested, shares | shares	(3,174)
Ending Balance, shares | shares	7,285
Beginning Balance, Weighted-Average Grant Date Fair Value | $ / shares	$ 51.91
Vested, Weighted-Average Grant Date Fair Value | $ / shares	52.24
Ending Balance, Weighted-Average Grant Date Fair Value | $ / shares	$ 53.34

Share-Based Compensation - Su_4

Share-Based Compensation - Summary of Stock Option Activity (Details) $ / shares in Units, $ in Thousands	9 Months Ended
	Sep. 30, 2021USD ($)$ / sharesshares
Options outstanding and exercisable
Options outstanding at December 31, 2020 | shares	204,150
Granted, Shares | shares	137,858
Options outstanding at September 30, 2021 | shares	342,008
Options exerciseable at September 31, 2021 | shares	27,075
Weighted-Average Exercise Price
Options outstanding at December 31, 2020 | $ / shares	$ 19.98
Granted, Weighted-Average Exercise Price | $ / shares	44.80
Options outstanding at September 30, 2021 | $ / shares	29.98
Options exercisable at September 30, 2021 | $ / shares	$ 21.85
Aggregate intrinsic value of options outstanding at September 30, 2021 | $	$ 5,276,367	[1]
Aggregate intrinsic value of options exercisable at September, 2021 | $	$ 637,887	[1]
[1]	The aggregate intrinsic value of stock options outstanding represents the difference between our closing stock price at the end of the reporting period and the exercise price, multiplied by the number of in-the-money stock options.

Share Based Compensation - Summ

Share Based Compensation - Summary of Options Outstanding and Exercisable (Details)	9 Months Ended
	Sep. 30, 2021$ / sharesshares
Exercise Price Range One
Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range [Line Items]
Range of exercise prices	$ 19.30
Options Outstanding, Shares | shares	150,000
Options Outstanding, Weighted-Average Exercise Price	$ 19.30
Weighted-Average Remaining Contractual Life (in years)	7 years 3 months
Exercise Price Range Two
Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range [Line Items]
Range of exercise prices	$ 21.85
Options Outstanding, Shares | shares	54,150
Options Outstanding, Weighted-Average Exercise Price	$ 21.85
Weighted-Average Remaining Contractual Life (in years)	5 years 10 months 28 days
Options Exercisable, Shares | shares	27,075
Options Exercisable, Weighted-Average Exercise Price	$ 21.85
Exercise Price Range Three
Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range [Line Items]
Range of exercise prices	$ 44.80
Options Outstanding, Shares | shares	137,858
Options Outstanding, Weighted-Average Exercise Price	$ 44.80
Weighted-Average Remaining Contractual Life (in years)	6 years 4 months 24 days
Exercise Price Range Four
Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range [Line Items]
Range of exercise prices	$ 19.30
Range of exercise prices	$ 44.80
Options Outstanding, Shares | shares	342,008
Options Outstanding, Weighted-Average Exercise Price	$ 29.98
Weighted-Average Remaining Contractual Life (in years)	6 years 8 months 12 days
Options Exercisable, Shares | shares	27,075
Options Exercisable, Weighted-Average Exercise Price	$ 21.85

Share Based Compensation - Assu

Share Based Compensation - Assumptions Used in the Black-Scholes Option Pricing Model to Estimate the Fair Value of Each Stock Option Grant (Details)	9 Months Ended
	Sep. 30, 2021$ / shares
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Risk-free interest rate	0.50%
Expected term (in years)	4 years 6 months
Expected volatility	55.80%
Weighted average grant-date fair value per share of options granted	$ 20.26

Acquisitions - Narrative (Detai

Acquisitions - Narrative (Details) $ in Millions, $ in Millions	Mar. 18, 2021CAD ($)	Mar. 18, 2021USD ($)	Sep. 30, 2021USD ($)
Business Acquisition [Line Items]
Business combination net assets property and equipment		$ 2.2
Business combination net assets noncontrolling interest		6.8
Business combination net assets goodwill		$ 11.8
Golden Skybridge
Business Acquisition [Line Items]
Business acquisition date	Mar. 18, 2021	Mar. 18, 2021
Percentage of controlling interest acquired		60.00%
Purchase price	$ 15	$ 12
Business acquisition expected open period	2021-06	2021-06
Acquisition related costs			$ 0.3
Golden Skybridge | Development and Start Up Costs
Business Acquisition [Line Items]
Purchase price	$ 6	$ 4.8

Inventories - Components of Inv

Inventories - Components of Inventories (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Components of Inventories
Raw materials	$ 2,482	$ 3,362
Finished goods	6,269	5,365
Inventories	$ 8,751	$ 8,727

Other Current Assets - Schedule

Other Current Assets - Schedule of Other Current Assets (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Deferred Costs Capitalized Prepaid And Other Assets Disclosure [Abstract]
Prepaid software maintenance	$ 3,887	$ 3,058
Income tax receivable	4,333	337
Prepaid insurance	2,824	4,297
Restricted cash	2,505	2,426
Prepaid vendor payments	2,188	1,835
Prepaid taxes	1,131	345
Prepaid other	1,954	1,296
Other	1,558	3,631
Other current assets	$ 20,380	$ 17,225

Property and Equipment - Schedu

Property and Equipment - Schedule of Property and Equipment (Details) - USD ($) $ in Thousands		Sep. 30, 2021	Dec. 31, 2020
Property Plant And Equipment [Line Items]
Gross property and equipment		$ 851,871	$ 820,888
Accumulated depreciation		(367,854)	(352,100)
Property and equipment, net (excluding finance leases)		484,017	468,788
Finance lease ROU assets, net (1)	[1]	61,263	23,366
Property and equipment, net		545,280	492,154
Land and land interests
Property Plant And Equipment [Line Items]
Gross property and equipment		30,504	32,849
Buildings and leasehold improvements
Property Plant And Equipment [Line Items]
Gross property and equipment		387,955	386,751
Equipment and other
Property Plant And Equipment [Line Items]
Gross property and equipment		$ 433,412	$ 401,288
[1]	The increase in finance lease ROU assets is primarily due to the commencement of Pursuit’s new Sky Lagoon attraction in Iceland during the first quarter of 2021.

Property and Equipment - Narrat

Property and Equipment - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Property Plant And Equipment [Line Items]
Depreciation expense	$ 10.8	$ 11.5	$ 32.3	$ 35.1
Property and equipment purchased through accounts payable and accrued liabilities, increased or decreased amount			$ 0.3	$ 6.3

Other Investments and Assets -

Other Investments and Assets - Summary of Other Investments and Assets (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Investments All Other Investments [Abstract]
Self-insured liability receivable	$ 6,358	$ 6,358
Other mutual funds	3,903	3,457
Contract costs	2,561	2,912
Other	2,691	2,765
Other investments and assets	$ 15,513	$ 15,492

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets - Summary of Goodwill Balances by Component and Segment (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2021USD ($)
Goodwill [Line Items]
Balance, beginning	$ 99,847
Balance, ending	111,703
Pursuit
Goodwill [Line Items]
Balance, beginning	99,847
Business acquisition	11,776
Foreign currency translation adjustments	80
Balance, ending	$ 111,703

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets - Summary of Other Intangible Assets (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2021	Dec. 31, 2020
Finite-Lived Intangible Assets, Net [Abstract]
Intangible assets subject to amortization, Gross Carrying Value	$ 101,704	$ 103,101
Intangible assets subject to amortization, Accumulated Amortization	(36,033)	(32,502)
Intangible assets subject to amortization, Net Carrying Value	65,671	70,599
Intangible Assets Net Excluding Goodwill	66,244	71,172
Other intangible assets, Gross Carrying Value	102,277	103,674
Other intangible assets, Net Carrying Value	$ 66,244	71,172
Customer contracts and relationships
Finite-Lived Intangible Assets, Net [Abstract]
Intangible assets subject to amortization, Useful Life (Years)	6 years 1 month 6 days
Intangible assets subject to amortization, Gross Carrying Value	$ 37,698	38,214
Intangible assets subject to amortization, Accumulated Amortization	(28,398)	(26,288)
Intangible assets subject to amortization, Net Carrying Value	$ 9,300	11,926
Operating contracts and licenses
Finite-Lived Intangible Assets, Net [Abstract]
Intangible assets subject to amortization, Useful Life (Years)	36 years
Intangible assets subject to amortization, Gross Carrying Value	$ 41,391	42,012
Intangible assets subject to amortization, Accumulated Amortization	(3,160)	(2,405)
Intangible assets subject to amortization, Net Carrying Value	$ 38,231	39,607
In-place lease
Finite-Lived Intangible Assets, Net [Abstract]
Intangible assets subject to amortization, Useful Life (Years)	13 years 2 months 12 days
Intangible assets subject to amortization, Gross Carrying Value	$ 15,413	15,347
Intangible assets subject to amortization, Accumulated Amortization	(980)	(656)
Intangible assets subject to amortization, Net Carrying Value	$ 14,433	14,691
Tradenames
Finite-Lived Intangible Assets, Net [Abstract]
Intangible assets subject to amortization, Useful Life (Years)	4 years 7 months 6 days
Intangible assets subject to amortization, Gross Carrying Value	$ 5,607	5,940
Intangible assets subject to amortization, Accumulated Amortization	(2,631)	(2,435)
Intangible assets subject to amortization, Net Carrying Value	$ 2,976	3,505
Non-compete agreements
Finite-Lived Intangible Assets, Net [Abstract]
Intangible assets subject to amortization, Useful Life (Years)	3 months 18 days
Intangible assets subject to amortization, Gross Carrying Value	$ 773	770
Intangible assets subject to amortization, Accumulated Amortization	(734)	(616)
Intangible assets subject to amortization, Net Carrying Value	$ 39	154
Other
Finite-Lived Intangible Assets, Net [Abstract]
Intangible assets subject to amortization, Useful Life (Years)	6 years 4 months 24 days
Intangible assets subject to amortization, Gross Carrying Value	$ 822	818
Intangible assets subject to amortization, Accumulated Amortization	(130)	(102)
Intangible assets subject to amortization, Net Carrying Value	692	716
Business licenses
Finite-Lived Intangible Assets, Net [Abstract]
Indefinite-lived intangible assets, Gross Carrying Value	573	573
Intangible Assets Net Excluding Goodwill	573	573
Other intangible assets, Net Carrying Value	$ 573	$ 573

Goodwill and Other Intangible_5

Goodwill and Other Intangible Assets - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2020
Segment Reporting Information [Line Items]
Impairment charge to intangible assets				$ 15,700
Remaining goodwill balance	$ 111,703		$ 111,703		$ 99,847
G E S U S
Segment Reporting Information [Line Items]
Goodwill impairment		$ 185,800		185,800
Pursuit
Segment Reporting Information [Line Items]
Remaining goodwill balance	111,703		111,703		$ 99,847
Services
Segment Reporting Information [Line Items]
Intangible asset amortization expense	$ 1,600	$ 1,500	$ 4,400	$ 5,200

Goodwill and Other Intangible_6

Goodwill and Other Intangible Assets - Estimated Future Amortization Expense Related to Intangible Assets Subject to Amortization (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Estimated amortization expense related to amortized intangible assets
Remainder of 2021	$ 1,353
2022	5,109
2023	4,451
2024	3,495
2025	2,200
Thereafter	49,063
Intangible assets subject to amortization, Net Carrying Value	$ 65,671	$ 70,599

Other Current Liabilities - Sch

Other Current Liabilities - Schedule of Other Current Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Continuing operations:
Accrued sales and use taxes	$ 6,479	$ 1,547
Self-insured liability	5,066	5,715
Accrued employee benefit costs	4,523	2,363
Commissions payable	4,051	903
Accrued interest payable	3,995	3,042
Accrued restructuring	2,076	2,479
Current portion of pension and postretirement liabilities	1,618	1,805
Accrued professional fees	1,516	1,691
Other taxes	2,187	1,872
Other	4,898	5,123
Total continuing operations	36,409	26,540
Discontinued operations:
Self-insured liability	296	347
Environmental remediation liabilities	62	61
Other	94	91
Total discontinued operations	452	499
Total other current liabilities	$ 36,861	$ 27,039

Other Deferred Items and Liab_3

Other Deferred Items and Liabilities - Summary of Other Deferred Items and Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Continuing operations:
Foreign deferred tax liability	$ 29,482	$ 21,336
Multi-employer pension plan withdrawal liability	14,366	15,864
Self-insured liability	7,754	6,662
Self-insured excess liability	6,358	6,358
Accrued compensation	5,656	5,821
Accrued restructuring	2,640	2,751
Other	1,590	1,479
Total continuing operations	67,846	60,271
Discontinued operations:
Environmental remediation liabilities	2,191	2,179
Self-insured liability	1,619	1,639
Other	250	539
Total discontinued operations	4,060	4,357
Total other deferred items and liabilities	$ 71,906	$ 64,628

Debt and Finance Lease Obliga_3

Debt and Finance Lease Obligations - Schedule of Debt and Finance Lease Obligations (Details) - USD ($) $ in Thousands		Sep. 30, 2021	Dec. 31, 2020
Debt Instrument [Line Items]
Less unamortized debt issuance costs		$ (15,525)	$ (2,737)
Total debt		390,783	270,550
Finance lease obligations, [9.1%] weighted-average interest rate at September 30, 2021 and 8.0% at December 31, 2020, due through 2067	[1]	63,597	23,141
Total debt and finance lease obligations	[2],[3]	454,380	293,691
Current portion		(8,218)	(8,335)
Long-term debt and finance lease obligations		446,162	285,356
FlyOver Iceland Credit Facility
Debt Instrument [Line Items]
Credit facility	[4]	5,619	5,820
Fly Over Iceland Term Loan
Debt Instrument [Line Items]
Credit facility	[4]	689	705
2021 Credit Agreement | Revolving Credit Facility
Debt Instrument [Line Items]
Credit facility	[4]	400,000
2018 Credit Agreement
Debt Instrument [Line Items]
Less unamortized debt issuance costs		$ (2,100)
2018 Credit Agreement | Revolving Credit Facility
Debt Instrument [Line Items]
Credit facility			$ 266,762
[1]	The increase in finance lease obligations is primarily due to the commencement of Pursuit’s new Sky Lagoon attraction in Iceland during the first quarter of 2021, which has a 46 -year lease term.
[2]	Cash paid for interest on debt was $ 14.9 million for the nine months ended September 30, 2021 and $ 12.1 million for the nine months ended September 30, 2020
[3]	The estimated fair value of total debt and finance leases was $ 310.5 million as of September 30, 2021 and $ 254.0 million as of December 31, 2020 . 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.
[4]	Represents the weighted-average interest rate in effect at the respective periods, including any applicable margin. The interest rates do not include amortization of debt issuance costs or commitment fees.

Debt and Finance Lease Obliga_4

Debt and Finance Lease Obligations - Schedule of Debt and Finance Lease Obligations (Parenthetical) (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Mar. 31, 2021	Dec. 31, 2020
Debt Instrument [Line Items]
Weighted average interest rate on long term debt	9.10%			8.00%
Fair value of debt	$ 310.5			$ 254
Cash paid for interest on debt	$ 14.9	$ 12.1
New Sky lagoon Attraction [Member]
Debt Instrument [Line Items]
Lease term	46 years		46 years
FlyOver Iceland Credit Facility
Debt Instrument [Line Items]
Weighted average interest rate on long term debt	4.90%			4.90%
Fly Over Iceland Term Loan
Debt Instrument [Line Items]
Interest rate on credit facility	3.80%			3.80%
2021 Credit Facility | Revolving Credit Facility
Debt Instrument [Line Items]
Interest rate on credit facility	5.50%
2018 Credit Agreement | Revolving Credit Facility
Debt Instrument [Line Items]
Interest rate on credit facility				4.50%

Debt and Finance Lease Obliga_5

Debt and Finance Lease Obligations - Narrative (Details) $ in Thousands, € in Millions, kr in Millions

Jul. 30, 2021USD ($)

Jan. 08, 2021

Aug. 05, 2020USD ($)

Sep. 30, 2021USD ($)

Dec. 31, 2020USD ($)

Dec. 31, 2020ISK (kr)

Dec. 29, 2020ISK (kr)

Oct. 15, 2020ISK (kr)

Aug. 31, 2020USD ($)

Feb. 15, 2019USD ($)

Feb. 15, 2019EUR (€)

Line Of Credit Facility [Line Items]

Write off unamortized debt

$ 15,525

$ 2,737

Fees

$ 9,200

Revolving Credit Facility

Line Of Credit Facility [Line Items]

Borrowing capacity on line of credit

$ 450,000

FlyOver Iceland Credit Facility

Line Of Credit Facility [Line Items]

Maturity date

Sep. 1, 2023

Mar. 1, 2022

Credit facility

[1]

$ 5,619

5,820

Line of credit facility maximum borrowing capacity

$ 5,600

€ 5

Line Of Credit Facility Amendment Description

an addendum to the FlyOver Iceland Credit Facility effective January 8, 2021 wherein the principal payments were deferred for twelve months beginning December 1, 2020, with the first payment due December 1, 2021. The addendum also extended the maturity date to September 1, 2023. There were no other changes to the terms of the FlyOver Iceland Credit Facility

Line Of Credit Facility Date Of First Required Payment

Dec. 1, 2021

Fly Over Iceland Term Loan

Line Of Credit Facility [Line Items]

Credit facility

[1]

$ 689

705

Line of credit facility maximum borrowing capacity

700

kr 90

2018 Credit Agreement

Line Of Credit Facility [Line Items]

Write off unamortized debt

2,100

2018 Credit Agreement | Revolving Credit Facility

Line Of Credit Facility [Line Items]

Maturity date

Oct. 24, 2023

Credit facility

$ 266,762

2018 Credit Agreement | Term Loan B

Line Of Credit Facility [Line Items]

Loans Proceeds Offset

$ 400,000

Fees

14,800

2021 Credit Facility

Line Of Credit Facility [Line Items]

Line of credit facility maximum borrowing capacity

500,000

Loans Proceeds Offset

400,000

Fees

$ 14,800

2021 Credit Facility | London Interbank Offered Rate (LIBOR)

Line Of Credit Facility [Line Items]

Interest rate description

5.00%, with a LIBOR floor of 0.50%

2021 Credit Facility | Revolving Credit Facility

Line Of Credit Facility [Line Items]

Minimum liquidity requirement

$ 75,000

Remaining borrowing capacity on line of credit

78,200

Line of credit facility maximum borrowing capacity

$ 100,000

Maturity date

July 30, 2026

2021 Credit Facility | Revolving Credit Facility | Maximum

Line Of Credit Facility [Line Items]

Financial covenants leverage ratio step up

400.00%

Leverage ratio

450.00%

Debt covenant, interest coverage ratio

250.00%

2021 Credit Facility | Revolving Credit Facility | Minimum

Line Of Credit Facility [Line Items]

Interest coverage ratio

200.00%

2021 Credit Facility | Senior Secured Credit Facility

Line Of Credit Facility [Line Items]

Line of credit facility maximum borrowing capacity

$ 500,000

2021 Credit Facility | Term Loan B

Line Of Credit Facility [Line Items]

Borrowing capacity on line of credit

400,000

Letters of Credit Outstanding

21,800

Line of credit facility maximum borrowing capacity

$ 400,000

Maturity date

July 30, 2028

2021 Credit Facility | Term Loan B | Borrowings

Line Of Credit Facility [Line Items]

Credit facility

$ 400,000

First Term Loan | Fly Over Iceland Term Loan

Line Of Credit Facility [Line Items]

Maturity date

Apr. 1, 2023

Line of credit facility maximum borrowing capacity | kr

kr 10

Line Of Term Loan Amendment Description

bears interest on a seven-day term deposit at the Central Bank of Iceland

Second Term Loan | Fly Over Iceland Term Loan

Line Of Credit Facility [Line Items]

Maturity date

Oct. 1, 2024

Line of credit facility maximum borrowing capacity | kr

kr 30

Line Of Term Loan Amendment Description

bears interest on a seven-day term deposit at the Central Bank of Iceland plus 3.07%

Third Term Loan | Fly Over Iceland Term Loan

Line Of Credit Facility [Line Items]

Maturity date

Feb. 1, 2023

Line of credit facility maximum borrowing capacity | kr

kr 50

Line Of Term Loan Amendment Description

bears interest at one-month Reykjavik InterBank Offered Rate (“REIBOR”) plus 4.99%. The Icelandic State Treasury guarantees supplemental loans provided by credit institutions to companies impacted by the COVID-19 pandemic. Accordingly, the Icelandic State Treasury guaranteed the repayment of up to 85% of the principal and interest on the ISK 10.0 million and ISK 30.0 million term loans and 70% of the principal amount on the ISK 50.0 million term loan

[1]

Represents the weighted-average interest rate in effect at the respective periods, including any applicable margin. The interest rates do not include amortization of debt issuance costs or commitment fees.

Fair Value Measurements - Summa

Fair Value Measurements - Summary of Fair Value Assets Measured on Recurring Basis (Details) - USD ($) $ in Thousands		Sep. 30, 2021	Dec. 31, 2020
Fair value information related to assets
Assets		$ 53,904
Fair Value, Measurements, Recurring
Fair value information related to assets
Assets			$ 3,459
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets (Level 1)
Fair value information related to assets
Assets		53,904	3,459
Fair Value, Measurements, Recurring | Money market funds
Fair value information related to assets
Assets	[1]	50,001	2
Fair Value, Measurements, Recurring | Money market funds | Quoted Prices in Active Markets (Level 1)
Fair value information related to assets
Assets	[1]	50,001	2
Fair Value, Measurements, Recurring | Other mutual funds
Fair value information related to assets
Assets		3,903	3,457	[2]
Fair Value, Measurements, Recurring | Other mutual funds | Quoted Prices in Active Markets (Level 1)
Fair value information related to assets
Assets		$ 3,903	$ 3,457	[2]
[1]	We include money market funds in “Cash and cash equivalents” in the Condensed Consolidated Balance Sheets. We classify these investments as available-for-sale and record them at fair value. There have been no realized gains or losses related to these investments and we have not experienced any redemption restrictions with respect to any of the money market mutual funds.
[2]	We include other mutual funds in “Other investments and assets” in the Condensed Consolidated Balance Sheets.

Fair Value Measurements - Sum_2

Fair Value Measurements - Summary of Fair Value Assets Measured on Recurring Basis (Parenthetical) (Details) - Money market funds $ in Thousands	9 Months Ended
	Sep. 30, 2021USD ($)
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Realized gains on the investments	$ 0
Unrealized gains on the investments	$ 0

Income (Loss) Per Share - Recon

Income (Loss) Per Share - Reconciliation of Basic and Diluted Loss Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended				9 Months Ended
		Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Numerator:
Net income (loss) attributable to Viad (diluted)		$ 15,067			$ (30,758)	$ (70,111)	$ (323,621)
Allocation to participating securities		3,141			0	0	0
Dividends on convertible preferred stock		(1,950)	$ (1,923)	$ (1,898)	(1,134)
Adjustment to the redemption value of redeemable noncontrolling interest		(488)			(468)	(1,091)	(926)
Net income (loss) allocated to Viad common stockholders (basic)		9,488			(32,360)	(76,973)	(325,681)
Allocation to participating securities		36
Net Income (Loss) Available to Common Stockholders, Diluted, Total		$ 9,524			$ (32,360)	$ (76,973)	$ (325,681)
Denominator:
Basic weighted-average outstanding common shares		20,420			20,293	20,396	20,263
Additional dilutive shares related to share-based compensation		322
Diluted weighted-average outstanding shares		20,742			20,293	20,396	20,263
Basic loss attributable to Viad common stockholders		$ 0.46			$ (1.59)	$ (3.77)	$ (16.07)
Diluted loss attributable to Viad common stockholders	[1]	$ 0.46			$ (1.59)	$ (3.77)	$ (16.07)
Paid in Cash
Numerator:
Dividends on convertible preferred stock		$ (1,950)			$ 0	$ (1,950)	$ 0
Paid in Kind
Numerator:
Dividends on convertible preferred stock					$ (1,134)	$ (3,821)	$ (1,134)
[1]	Diluted loss per share amount cannot exceed basic loss per share

Income (Loss) Per Share - Sched

Income (Loss) Per Share - Schedule of Excluded Weighted-Average Potential Common Shares from Calculations of Diluted Net Income (Loss) Per Common Shares (Details) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Common stock shares effect would be anti-dilutive	3	135	173	105
Convertible Preferred Stock (as if Converted to Common Stock)
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Common stock shares effect would be anti-dilutive	0	6,353	6,584	6,353
Unvested Performance Share-based Awards [Member]
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Common stock shares effect would be anti-dilutive			28
Stock Options
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Common stock shares effect would be anti-dilutive	138	27	219	14

Common and Preferred Stock - Na

Common and Preferred Stock - Narrative (Details) - USD ($) $ / shares in Units, $ in Millions	Aug. 05, 2020	Sep. 30, 2021	Mar. 31, 2021	Jun. 30, 2021	Sep. 30, 2021	Feb. 07, 2019
Common Stock Repurchases (Textual) [Abstract]
Authorized repurchase of additional shares						500,000
Repurchased shares					53,784
Shares remain available for repurchase		546,283			546,283
Common stock purchased for treasury					$ 2.8
Convertible Preferred Stock (as if Converted to Common Stock)
Class Of Stock [Line Items]
Preferred stock dividend rate percentage	5.50%
Frequency of periodic payment of cumulative dividend	quarterly
Convertible preferred stock conversion price per share	$ 21.25
Dividends paid in kind			$ 3.8	$ 3.8	$ 5.8
Dividends paid in cash		$ 2
Crestview Partners | Convertible Preferred Stock (as if Converted to Common Stock)
Class Of Stock [Line Items]
Convertible Preferred Stock, Shares Issued upon Conversion	135,000
Preferred Stock, Par value	$ 0.01
Purchase price	$ 135
Shares issued, price per share	$ 1
Capital raising expense	$ 9.2

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Loss) - Schedule of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance	$ 174,099	$ 547,229
Ending Balance	112,259	210,468
Cumulative Foreign Currency Translation Adjustments
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance	(16,686)	(23,799)
Other comprehensive income (loss) before reclassifications	(980)	(7,342)
Net other comprehensive income (loss)	(980)	(7,342)
Ending Balance	(17,666)	(31,141)
Unrecognized Net Actuarial Loss and Prior Service Credit, Net
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance	(13,955)	(11,900)
Amounts reclassified from AOCI, net of tax	205	354
Net other comprehensive income (loss)	205	354
Ending Balance	(13,750)	(11,546)
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance	(30,641)	(35,699)
Other comprehensive income (loss) before reclassifications	(980)	(7,342)
Amounts reclassified from AOCI, net of tax	205	354
Net other comprehensive income (loss)	(775)	(6,988)
Ending Balance	$ (31,416)	$ (42,687)

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Operating Loss Carryforwards [Line Items]
Effective income tax rate	21.40%	(2.70%)	(0.20%)	(6.80%)
Valuation allowance		$ 25.5		$ 25.5
Goodwill impairment loss				0
Net cash refunds from income taxes	$ 3.6	$ 6.8	$ 3.2	$ 14.7

Pension and Postretirement Be_3

Pension and Postretirement Benefits - Components of Net Periodic Benefit Cost of Pension and Postretirement Benefit Plans (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Domestic Plans | Pension Plans
Net periodic benefit cost:
Service cost			$ 0
Interest cost	110	162	315	490
Expected return on plan assets	(20)	(74)	(35)	(109)
Amortization of prior service credit			0
Recognized net actuarial (gain) loss	157	130	467	395
Net periodic benefit cost	247	218	747	776
Domestic Plans | Postretirement Benefit Plans
Net periodic benefit cost:
Service cost	24	7	52	38
Interest cost	41	64	136	222
Expected return on plan assets			0
Amortization of prior service credit	(1)	(36)	(4)	(109)
Recognized net actuarial (gain) loss	(12)	(26)	86	13
Net periodic benefit cost	52	9	270	164
Foreign Pension Plans
Net periodic benefit cost:
Service cost	113	112	343	330
Interest cost	77	87	233	254
Expected return on plan assets	(127)	(134)	(382)	(394)
Amortization of prior service credit			0
Recognized net actuarial (gain) loss	49	48	148	138
Net periodic benefit cost	$ 112	$ 113	$ 342	$ 328

Pension and Postretirement Be_4

Pension and Postretirement Benefits - Narrative (Details) $ in Millions	9 Months Ended
	Sep. 30, 2021USD ($)
Postretirement Benefit Plans
Defined Benefit Plan Disclosure [Line Items]
Amount expected to contribute in postretirement benefit plans	$ 0.9
Pension and Other Postretirement Benefit Contributions	0.8
Funded Plans | Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Amount expected to contribute in funded pension plans	0.8
Pension Contributions	0.6
Unfunded Pension Plans | Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Amount expected to contribute in unfunded pension plans	0.8
Pension Contributions	$ 0.6

Restructuring Charges - Changes

Restructuring Charges - Changes to Restructuring Liability by Major Restructuring Activity (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Restructuring Cost And Reserve [Line Items]
Beginning balance				$ 5,230
Restructuring charges		$ 2,186	$ 11,259	5,799	$ 12,370
Cash payments				(4,379)
Non-cash items	[1]			(1,890)
Adjustment to liability				(44)
Ending balance		4,716		4,716
GES | Severance & Employee Benefits
Restructuring Cost And Reserve [Line Items]
Beginning balance				2,440
Restructuring charges				1,640
Cash payments				(992)
Adjustment to liability				(5)
Ending balance		3,083		3,083
GES | Facilities
Restructuring Cost And Reserve [Line Items]
Beginning balance				2,766
Restructuring charges				4,059
Cash payments				(3,296)
Non-cash items	[1]			(1,890)
Adjustment to liability				(26)
Ending balance		1,613		1,613
Other Restructuring | Severance & Employee Benefits
Restructuring Cost And Reserve [Line Items]
Beginning balance				24
Restructuring charges				100
Cash payments				(91)
Adjustment to liability				(13)
Ending balance		$ 20		$ 20
[1]	Represents non-cash adjustments related to a write down of certain ROU assets as a result of vacating certain facilities prior to the lease term and the closure and liquidation of GES’ United Kingdom-based audio-visual services business.

Restructuring Charges - Narrati

Restructuring Charges - Narrative (Details) $ in Millions	Sep. 30, 2021USD ($)
Restructuring And Related Activities [Abstract]
Payments of liabilities related to severance and employee benefits	$ 1.5

Leases and Other - Summary of B

Leases and Other - Summary of Balance Sheet Presentation of Operating and Finance Leases (Details) - USD ($) $ in Thousands		Sep. 30, 2021	Dec. 31, 2020
Lessee Lease Description [Line Items]
Operating lease assets		$ 87,935	$ 82,739
Finance lease assets	[1]	61,263	23,366
Total lease assets		149,198	106,105
Operating lease obligations		11,058	15,697
Finance lease obligations		3,085
Operating lease obligations		86,165	70,150
Finance lease obligations		60,512
Total lease liabilities		160,820	108,988
Operating Lease Right-of-Use Assets
Lessee Lease Description [Line Items]
Operating lease assets		87,935	82,739
Property and Equipment, Net
Lessee Lease Description [Line Items]
Finance lease assets	[2]	61,263	23,366
Operating Lease Obligations
Lessee Lease Description [Line Items]
Operating lease obligations		11,058	15,697
Current Portion of Debt and Finance Lease Obligations
Lessee Lease Description [Line Items]
Finance lease obligations		3,085	2,514
Long-Term Operating Lease Obligations
Lessee Lease Description [Line Items]
Operating lease obligations		86,165	70,150
Long-Term Debt and Finance Lease Obligations
Lessee Lease Description [Line Items]
Finance lease obligations	[2]	$ 60,512	$ 20,627
[1]	The increase in finance lease ROU assets is primarily due to the commencement of Pursuit’s new Sky Lagoon attraction in Iceland during the first quarter of 2021.
[2]	The increase in finance lease assets and obligations is primarily due to the commencement of Pursuit’s new Sky Lagoon attraction in Iceland during the first quarter of 2021, which has a 46 -year lease term.

Leases and Other - Summary of_2

Leases and Other - Summary of Balance Sheet Presentation of Operating and Finance Leases (parenthetical) (Details)	Sep. 30, 2021	Mar. 31, 2021
New Sky lagoon Attraction [Member]
Lessee Lease Description [Line Items]
Lease term	46 years	46 years

Leases and Other - Components o

Leases and Other - Components of Least Expenses (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Finance lease cost:
Amortization of ROU assets	$ 1,093	$ 926	$ 3,231	$ 2,767
Interest on lease liabilities	1,405	429	4,193	1,258
Operating lease cost	5,165	6,596	17,328	20,235
Short-term lease cost	394	123	853	465
Variable lease cost	1,059	1,557	3,093	4,615
Total lease cost, net	$ 9,116	$ 9,631	$ 28,698	$ 29,340

Leases and Other - Schedule of

Leases and Other - Schedule of Other Information Related to Operating and Finance Leases (Details) - USD ($) $ in Thousands	3 Months Ended			9 Months Ended
	Sep. 30, 2021		Sep. 30, 2020	Sep. 30, 2021		Sep. 30, 2020	Dec. 31, 2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$ 5,140		$ 5,644	$ 17,753		$ 18,268
Operating cash flows from finance leases	4,748		839	5,955		1,705
Financing cash flows from finance leases	656		665	2,050		2,235
ROU assets obtained in exchange for lease obligations:
Operating leases	8,033		(3,059)	26,968		1,018
Finance leases	$ 1,073		$ 126	$ 42,782		$ 1,894
Weighted-average remaining lease term (years):
Operating leases	8 years 3 months 29 days			8 years 3 months 29 days			8 years 4 months 20 days
Finance leases	35 years 1 month 9 days	[1]		35 years 1 month 9 days	[1]		13 years 11 months 19 days
Weighted-average discount rate:
Operating leases	6.72%			6.72%			6.93%
Finance leases	9.05%			9.05%			7.99%
[1]	The increase in finance lease assets and obligations is primarily due to the commencement of Pursuit’s new Sky Lagoon attraction in Iceland during the first quarter of 2021, which has a 46-year lease term.

Leases and Other - Schedule o_2

Leases and Other - Schedule of Estimated Future Minimum Lease Payments Under Non-cancelable Leases Excluding Variable Leases and Variable Non-lease Components (Details) - USD ($) $ in Thousands		Sep. 30, 2021	Dec. 31, 2020
Leases [Abstract]
Remainder of 2021		$ 5,571
2022		19,954
2023		17,858
2024		16,113
2025		14,832
Thereafter		60,906
Total future lease payments		135,234
Less: Amount representing interest		(38,011)
Present value of minimum lease payments		97,223
Current portion		11,058	$ 15,697
Long-term operating lease obligations		86,165	70,150
Remainder of 2021		2,142
2022		8,269
2023		7,750
2024		6,699
2025		6,168
Thereafter		188,955
Total future lease payments		219,983
Less: Amount representing interest		(156,386)
Present value of minimum lease payments	[1]	63,597	23,141
Current portion		3,085
Long-term portion		60,512
Remainder of 2021		7,713
2022		28,223
2023		25,608
2024		22,812
2025		21,000
Thereafter		249,861
Total future lease payments		355,217
Less: Amount representing interest		(194,397)
Total lease liabilities		160,820	$ 108,988
Current portion		14,143
Long-term portion		$ 146,677
[1]	The increase in finance lease obligations is primarily due to the commencement of Pursuit’s new Sky Lagoon attraction in Iceland during the first quarter of 2021, which has a 46 -year lease term.

Leases and Other - Schedule o_3

Leases and Other - Schedule of Estimated Future Minimum Rentals Under Non-cancellable Leases (Details) $ in Thousands	Sep. 30, 2021USD ($)
Leases [Abstract]
Remainder of 2021	$ 411
2022	1,291
2023	1,071
2024	847
2025	694
Thereafter	1,453
Total minimum rents	$ 5,767

Leases and Other - Narrative (D

Leases and Other - Narrative (Details) - New flyover Attraction [Member]	9 Months Ended
	Sep. 30, 2021
Lessee Lease Description [Line Items]
Operating lease not yet commenced, description	we had executed a facility lease for which we did not have control of the underlying assets. Accordingly, we did not record the lease liability and ROU asset on the Condensed Consolidated Balance Sheets. This lease is for the new FlyOver attraction, FlyOver Canada Toronto. We expect the lease commencement date to begin in fiscal year 2022 with a lease term of 20 years.
Operating lease not yet commenced, term of contract	20 years

Litigation, Claims, Contingen_2

Litigation, Claims, Contingencies and Other - Narrative (Details)	3 Months Ended		9 Months Ended
	Sep. 30, 2021USD ($)	Sep. 30, 2020USD ($)	Sep. 30, 2021USD ($)Agreement	Sep. 30, 2020USD ($)
Loss Contingencies [Line Items]
Environmental remediation liability	$ 2,300,000		$ 2,300,000
Maximum potential amount of future payments	128,100,000		$ 128,100,000
Guarantees relate to facilities and equipment leased by the company			2040-01
Recourse provision to recover guarantees	0		$ 0
Bargaining agreements | Agreement			100
Self insurance reserve	12,800,000		$ 12,800,000
Workers' compensation liability	7,900,000		7,900,000
Self insurance reserve for general and auto	4,900,000		4,900,000
Self insurance reserve on discontinued operations	1,900,000		1,900,000
Estimated employee health benefit claims incurred but not yet reported	800,000		800,000
Payments for self insurance	1,000,000	$ 1,600,000	2,100,000	$ 4,400,000
Self insurance reserve in which company is the primary obligor	6,400,000		6,400,000
Self insurance reserve in which company is the primary obligor for workers compensation	6,400,000		6,400,000
Minimum [Member]
Loss Contingencies [Line Items]
General range on claims	200,000		200,000
Maximum
Loss Contingencies [Line Items]
General range on claims	$ 500,000		$ 500,000

Redeemable Noncontrolling Inter

Redeemable Noncontrolling Interest - Narrative (Details) - EUR (€) € in Thousands	9 Months Ended
	Sep. 30, 2021	Nov. 03, 2017
Redeemable Noncontrolling Interest [Line Items]
Percentage of non equity ownership related redeemable noncontrolling interests	54.90%
Esja Attractions ehf.
Redeemable Noncontrolling Interest [Line Items]
Percentage of controlling interest acquired		54.50%
Percentage of non equity ownership related redeemable noncontrolling interests	54.90%
EBITDA trailing period	12 months
Put option right of exercisable period upon earnings	36 months
Redeemable noncontrolling interest conditions	The put option is only exercisable after 36 months of business operation (the “Reference Date”) and if the FlyOver Iceland attraction has earned a minimum of €3.25 million in unadjusted EBITDA during the most recent fiscal year and during the trailing 12-month period prior to exercise (the “Put Option Condition”). The put option is exercisable during a period of 12 months following the Reference Date (the “Option Period”) if the Put Option Condition has been met. If the Put Option Condition has not been met during the first Option Period, the Reference Date will be extended for an additional 12 months up to three times. If after 72 months, the FlyOver Iceland attraction has not achieved the Put Option Condition, the put option expires. If the Put Option Condition is met during any of the Option Periods, yet the shares are not exercised prior to the end of the 12-month Option Period, the put option will expire.
Put option exercisable period	12 months
Put option additional exercisable period upon not meeting of conditions	12 months
Esja Attractions ehf. | FlyOver Iceland
Redeemable Noncontrolling Interest [Line Items]
Put option exercisable period	72 months
Esja Attractions ehf. | FlyOver Iceland | Minimum
Redeemable Noncontrolling Interest [Line Items]
Unadjusted EBITDA	€ 3,250

Redeemable Noncontrolling Int_2

Redeemable Noncontrolling Interest - Summary of Changes in Redeemable Noncontrolling Interest (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Noncontrolling Interest [Abstract]
Beginning balance			$ 5,225
Net loss attributable to redeemable noncontrolling interest	$ (296)	$ (302)	(1,221)	$ (1,023)
Adjustment to the redemption value			1,091
Capital contributions			282
Foreign currency translation adjustment			(126)
Ending balance	$ 5,251		$ 5,251

Redeemable Noncontrolling Int_3

Redeemable Noncontrolling Interest - Summary of Changes in Non Redeemable Noncontrolling Interest (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Minority Interest [Line Items]
Balance at December 31, 2020			$ 78,144
Net (income) loss attributable to non-redeemable noncontrolling interest	$ 5,004	$ 2,331	3,049	$ (636)
Acquisitions			6,759
Dividends			(1,160)
Unrealized foreign currency translation adjustments	(1,960)	$ 1,837	(141)	$ (1,949)
Balance at September 30, 2021	86,651		86,651
Glacier Park Inc
Minority Interest [Line Items]
Balance at December 31, 2020			13,953
Net (income) loss attributable to non-redeemable noncontrolling interest			1,893
Acquisitions
Dividends
Unrealized foreign currency translation adjustments			(1)
Balance at September 30, 2021	15,847		$ 15,847
Equity ownership interest that we do not own			20.00%
Brewster
Minority Interest [Line Items]
Balance at December 31, 2020			$ 51,295
Net (income) loss attributable to non-redeemable noncontrolling interest			1,976
Acquisitions			6,759
Dividends			(1,160)
Unrealized foreign currency translation adjustments			(117)
Balance at September 30, 2021	58,987		$ 58,987
Equity ownership interest that we do not own			40.00%
Sky Lagoon
Minority Interest [Line Items]
Balance at December 31, 2020			$ 12,896
Net (income) loss attributable to non-redeemable noncontrolling interest			(820)
Acquisitions
Dividends
Unrealized foreign currency translation adjustments			(259)
Balance at September 30, 2021	$ 11,817		$ 11,817
Equity ownership interest that we do not own			49.00%

Segment Information - Reconcili

Segment Information - Reconciliation of Income Statement Items from Reportable Segments (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Reportable segments reconciliations:
Total revenue		$ 233,599	$ 62,807	$ 323,767	$ 387,532
Interest expense, net		(9,518)	(5,450)	(20,168)	(14,399)
Multi-employer pension plan withdrawal				(57)	(462)
Other expense, net		(466)	(210)	(1,506)	(894)
Restructuring recoveries (charges)		(2,186)	(11,259)	(5,799)	(12,370)
Impairment charges			676		203,076
Loss from continuing operations before income taxes		24,856	(27,005)	(68,699)	(303,004)
GES
Reportable segments reconciliations:
Total revenue		116,044	13,992	160,109	319,930
Pursuit
Reportable segments reconciliations:
Total revenue		117,555	48,815	163,658	67,602
Operating Segments
Reportable segments reconciliations:
Segment operating income (loss)		40,102	(6,781)	(33,117)	(65,949)
Operating Segments | GES
Reportable segments reconciliations:
Total revenue		116,044	13,992	160,109	319,930
Segment operating income (loss)		(9,499)	(18,248)	(56,300)	(39,450)
Restructuring recoveries (charges)		2,129	10,686	5,699	11,371
Impairment charges			(676)		(201,319)
Operating Segments | Pursuit
Reportable segments reconciliations:
Total revenue		117,555	48,815	163,658	67,602
Segment operating income (loss)		49,601	11,467	23,183	(26,499)
Restructuring recoveries (charges)		32	(12)	55	45
Impairment charges					(1,757)
Corporate Eliminations
Reportable segments reconciliations:
Segment operating income (loss)	[1]	17	16	52	48
Corporate
Reportable segments reconciliations:
Segment operating income (loss)		(3,093)	(2,645)	(8,104)	(5,902)
Restructuring recoveries (charges)		$ 25	$ 585	$ 45	$ 954
[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.

Subsequent Events - Additional

Subsequent Events - Additional Information (Details) - USD ($) $ in Millions	Jul. 30, 2021	Aug. 31, 2020
Revolving Credit Facility
Subsequent Event [Line Items]
Borrowing capacity on line of credit		$ 450
2018 Credit Agreement | Revolving Credit Facility
Subsequent Event [Line Items]
Maturity date	Oct. 24, 2023
2021 Credit Facility
Subsequent Event [Line Items]
Line of credit facility maximum borrowing capacity	$ 500
2021 Credit Facility | London Interbank Offered Rate (LIBOR)
Subsequent Event [Line Items]
Interest rate description	5.00%, with a LIBOR floor of 0.50%
2021 Credit Facility | Revolving Credit Facility
Subsequent Event [Line Items]
Line of credit facility maximum borrowing capacity	$ 100
Maturity date	July 30, 2026
Minimum liquidity requirement	$ 75
2021 Credit Facility | Revolving Credit Facility | Minimum
Subsequent Event [Line Items]
Interest coverage ratio	200.00%
2021 Credit Facility | Revolving Credit Facility | Maximum
Subsequent Event [Line Items]
Debt covenant, interest coverage ratio	250.00%
Leverage ratio	450.00%
Financial covenants leverage ratio step up	400.00%
2021 Credit Facility | Senior Secured Credit Facility
Subsequent Event [Line Items]
Line of credit facility maximum borrowing capacity	$ 500
2021 Credit Facility | Term Loan B
Subsequent Event [Line Items]
Borrowing capacity on line of credit	400
Line of credit facility maximum borrowing capacity	$ 400
Maturity date	July 30, 2028