Viad (VVI) 10-Q 5 Aug 22 2022 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2022	Aug. 02, 2022
Document Information [Line Items]
Entity Registrant Name	Viad Corp
Entity Central Index Key	0000884219
Document Type	10-Q
Document Period End Date	Jun. 30, 2022
Amendment Flag	false
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q2
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	Large 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		20,621,244
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
Security Exchange Name	NYSE

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Current assets
Cash and cash equivalents	$ 54,516	$ 61,600
Accounts receivable, net of allowances for doubtful accounts of $3,178 and $1,808, respectively	157,868	91,966
Inventories	14,940	8,581
Current contract costs	22,302	11,105
Prepaid insurance	5,625	10,284
Other current assets	18,802	14,080
Total current assets	274,053	197,616
Property and equipment, net	559,179	549,108
Other investments and assets	15,687	16,718
Operating lease right-of-use assets	99,644	95,915
Deferred income taxes	847	1,006
Goodwill	126,877	112,078
Other intangible assets, net	64,878	65,189
Total Assets	1,141,165	1,037,630
Current liabilities
Accounts payable	100,978	69,657
Contract liabilities	66,522	39,141
Accrued compensation	27,605	12,788
Operating lease obligations	13,285	12,451
Other current liabilities	50,488	28,289
Current portion of debt and finance lease obligations	9,144	12,800
Total current liabilities	268,022	175,126
Long-term debt and finance obligations	469,289	446,580
Pension and postretirement benefits	23,995	23,692
Long-term operating lease obligations	97,277	93,406
Other deferred items and liabilities	68,803	68,953
Total liabilities	927,386	807,757
Commitments and contingencies
Redeemable noncontrolling interest	5,823	5,444
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	570,496	566,741
Accumulated deficit	(362,782)	(349,720)
Accumulated other comprehensive loss	(35,094)	(27,429)
Common stock in treasury, at cost, 4,323,739 and 4,381,606 shares, respectively	(217,613)	(220,712)
Total Viad stockholders’ equity	(7,591)	6,282
Non-redeemable noncontrolling interest	82,956	85,556
Total stockholders’ equity	75,365	91,838
Total Liabilities, Mezzanine Equity, and Stockholders’ Equity	1,141,165	1,037,630
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	$ 132,591

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Allowance for doubtful accounts	$ 3,178	$ 1,808
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	4,323,757	4,381,606
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		6 Months Ended
		Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Revenue:
Total revenue		$ 319,203	$ 61,233	$ 496,563	$ 90,168
Costs and expenses:
Corporate activities		3,440	3,006	6,113	5,011
Interest expense, net		7,761	5,565	13,638	10,650
Multi-employer pension plan withdrawal		0	57	0	57
Other expense, net		612	680	1,250	1,040
Restructuring charges		1,426	787	2,080	3,613
Impairment charges		0	0	583	0
Total costs and expenses		295,734	106,304	506,294	183,723
Income (loss) from continuing operations before income taxes		23,469	(45,071)	(9,731)	(93,555)
Income tax expense (benefit)		3,359	(2,166)	777	(5,211)
Income (loss) from continuing operations		20,110	(42,905)	(10,508)	(88,344)
Income (loss) from discontinued operations		52	(62)	327	286
Net income (loss)		20,162	(42,967)	(10,181)	(88,058)
Net (income) loss attributable to non-redeemable noncontrolling interest		(451)	510	753	1,955
Net loss attributable to redeemable noncontrolling interest		128	431	266	925
Net income (loss) attributable to Viad		$ 19,839	$ (42,026)	$ (9,162)	$ (85,178)
Diluted income (loss) per common share:
Continuing operations attributable to Viad common stockholders		$ 0.64	$ (2.18)	$ (0.69)	$ (4.41)
Discontinued operations attributable to Viad common stockholders		0	0	0.02	0.01
Net income (loss) attributable to Viad common stockholders	[1]	$ 0.64	$ (2.18)	$ (0.67)	$ (4.40)
Weighted-average outstanding and potentially dilutive common shares		20,731	20,397	20,544	20,384
Basic income (loss) per common share:
Continuing operations attributable to Viad common stockholders		$ 0.64	$ (2.18)	$ (0.69)	$ (4.41)
Discontinued operations attributable to Viad common stockholders			0	0.02	0.01
Net income (loss) attributable to Viad common stockholders		$ 0.64	$ (2.18)	$ (0.67)	$ (4.40)
Weighted-average outstanding common shares		20,571	20,397	20,544	20,384
Amounts attributable to Viad
Income (loss) from continuing operations		$ 19,787	$ (41,964)	$ (9,489)	$ (85,464)
Income (loss) from discontinued operations		52	(62)	327	286
Net income (loss)		19,839	(42,026)	(9,162)	(85,178)
Services
Revenue:
Total revenue		254,132	46,306	405,269	71,206
Costs and expenses:
Costs and expenses		223,177	76,052	395,131	132,420
Products
Revenue:
Total revenue		65,071	14,927	91,294	18,962
Costs and expenses:
Costs and expenses		$ 59,318	$ 20,157	$ 87,499	$ 30,932
[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		6 Months Ended
		Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Statement of Comprehensive Income [Abstract]
Net loss		$ 20,162	$ (42,967)	$ (10,181)	$ (88,058)
Other comprehensive income (loss):
Unrealized foreign currency translation adjustments		(11,543)	3,677	(8,131)	7,654
Change in net actuarial loss, net of tax	[1]	59	1	466	178
Change in prior service cost, net of tax	[1]	0	0	0	(56)
Comprehensive loss		8,678	(39,289)	(17,846)	(80,282)
Non-redeemable noncontrolling interest:
Comprehensive income (loss) attributable to non-redeemable noncontrolling interest		(451)	510	753	1,955
Unrealized foreign currency translation adjustments		(2,014)	1,069	(1,277)	1,819
Comprehensive loss attributable to redeemable noncontrolling interest		128	431	266	925
Comprehensive loss attributable to Viad		$ 6,341	$ (37,279)	$ (18,104)	$ (75,583)
[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 ($) $ in Thousands		Total		Common Stock	Additional Capital	Retained earnings (Deflicit)	Accumulated Other Comprehensive Income (Loss)	Common Stock in Treasury	Total Viad Equity	Non-Redeemable Non-Controlling Interest	Mezzanine Equity Redeemable Non Controlling Interest	Convertible Series A Preferred Stock
Beginning Balance at Dec. 31, 2020		$ 174,099		$ 37,402	$ 568,100	$ (253,164)	$ (30,641)	$ (225,742)	$ 95,955	$ 78,144	$ 5,225	$ 128,769
Increase Decrease In Stockholders' Equity [Roll Forward]
Net Income (loss)		(44,597)				(43,152)			(43,152)	(1,445)	(494)
Dividends on convertible preferred stock		(1,898)			(1,898)				(1,898)			1,898
Capital contribution (distributions) to (from) noncontrolling interest		(951)								(951)	142
Payment of payroll taxes on stock-based compensation through shares withheld		(519)						(519)	(519)
Employee benefit plans		380			(1,198)			1,578	380
Share-based compensation - equity awards		1,626			1,626				1,626
Unrealized foreign currency translation adjustment		4,727					3,977		3,977	750	77
Amortization of net actuarial loss, net of tax		177					177		177
Amortization of prior service cost, net of tax		(56)					(56)		(56)
Acquisitions		6,759								6,759
Other, net		12			(13)	(1)			12		56
Ending Balance at Mar. 31, 2021		139,759		37,402	566,643	(296,317)	(26,543)	(224,683)	56,502	83,257	5,006	130,667
Beginning Balance at Dec. 31, 2020		174,099		37,402	568,100	(253,164)	(30,641)	(225,742)	95,955	78,144	5,225	128,769
Increase Decrease In Stockholders' Equity [Roll Forward]
Amortization of net actuarial loss, net of tax	[1]	178
Amortization of prior service cost, net of tax	[1]	(56)
Ending Balance at Jun. 30, 2021		102,567		37,402	566,658	(338,343)	(22,865)	(224,101)	18,751	83,816	5,325	132,591
Beginning Balance at Mar. 31, 2021		139,759		37,402	566,643	(296,317)	(26,543)	(224,683)	56,502	83,257	5,006	130,667
Increase Decrease In Stockholders' Equity [Roll Forward]
Net Income (loss)		(42,536)				(42,026)			(42,026)	(510)	(431)
Dividends on convertible preferred stock		(1,923)			(1,923)				(1,923)			1,923
Capital contribution (distributions) to (from) noncontrolling interest		7								7	124
Payment of payroll taxes on stock-based compensation through shares withheld		(82)						(82)	(82)
Employee benefit plans		498			(143)			641	498
Share-based compensation - equity awards		2,071			2,071				2,071
Unrealized foreign currency translation adjustment		4,746					3,677		3,677	1,069	79
Amortization of net actuarial loss, net of tax		1	[1]				1		1
Amortization of prior service cost, net of tax	[1]	0
Other, net		26			10			23	33	(7)	547	1
Ending Balance at Jun. 30, 2021		102,567		37,402	566,658	(338,343)	(22,865)	(224,101)	18,751	83,816	5,325	132,591
Beginning Balance at Dec. 31, 2021		91,838		37,402	566,741	(349,720)	(27,429)	(220,712)	6,282	85,556	5,444	132,591
Increase Decrease In Stockholders' Equity [Roll Forward]
Net Income (loss)		(30,205)				(29,001)			(29,001)	(1,204)	(138)
Dividends on convertible preferred stock		(1,950)				(1,950)			(1,950)
Payment of payroll taxes on stock-based compensation through shares withheld		(349)						(349)	(349)
Employee benefit plans		686			(1,286)			1,972	686
Share-based compensation - equity awards		2,385			2,385				2,385
Unrealized foreign currency translation adjustment		4,149					3,412		3,412	737	49
Amortization of net actuarial loss, net of tax		407					407		407
Other, net		(41)			(41)				(41)		351
Ending Balance at Mar. 31, 2022		66,920		37,402	567,799	(380,671)	(23,610)	(219,089)	(18,169)	85,089	5,706	132,591
Beginning Balance at Dec. 31, 2021		91,838		37,402	566,741	(349,720)	(27,429)	(220,712)	6,282	85,556	5,444	132,591
Increase Decrease In Stockholders' Equity [Roll Forward]
Amortization of net actuarial loss, net of tax	[1]	466
Amortization of prior service cost, net of tax	[1]	0
Ending Balance at Jun. 30, 2022		75,365		37,402	570,496	(362,782)	(35,094)	(217,613)	(7,591)	82,956	5,823	132,591
Beginning Balance at Mar. 31, 2022		66,920		37,402	567,799	(380,671)	(23,610)	(219,089)	(18,169)	85,089	5,706	132,591
Increase Decrease In Stockholders' Equity [Roll Forward]
Net Income (loss)		20,290				19,839			19,839	451	(128)
Dividends on convertible preferred stock		(1,950)				(1,950)			(1,950)
Capital contribution (distributions) to (from) noncontrolling interest		(570)								(570)
Payment of payroll taxes on stock-based compensation through shares withheld		(5)						(5)	(5)
Employee benefit plans		833			(648)			1,481	833
Share-based compensation - equity awards		3,370			3,370				3,370
Unrealized foreign currency translation adjustment		(13,557)					(11,543)		(11,543)	(2,014)	(167)
Amortization of net actuarial loss, net of tax		59	[1]				59		59
Amortization of prior service cost, net of tax	[1]	0
Other, net		(25)			(25)				(25)		412
Ending Balance at Jun. 30, 2022		$ 75,365		$ 37,402	$ 570,496	$ (362,782)	$ (35,094)	$ (217,613)	$ (7,591)	$ 82,956	$ 5,823	$ 132,591
[1] The tax effect on other comprehensive income (loss) is not significant

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Cash flows from operating activities
Net loss	$ (10,181)	$ (88,058)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation and amortization	26,486	26,510
Deferred income taxes	(962)	(4,253)
Income from discontinued operations	(327)	(286)
Restructuring charges	2,080	3,613
Impairment charges	583	0
Gains on dispositions of property and other assets	(154)	(9,360)
Share-based compensation expense	5,469	4,216
Multi-employer pension plan withdrawal	0	57
Other non-cash items, net	5,384	(33)
Change in operating assets and liabilities:
Receivables	(67,166)	(7,056)
Inventories	(6,461)	(2,602)
Current contract costs	(11,946)	(4,372)
Accounts payable	32,942	6,456
Restructuring liabilities	(1,894)	(3,106)
Accrued compensation	12,586	7,145
Contract liabilities	27,167	27,770
Income taxes payable	(193)	160
Other assets and liabilities, net	30,605	3,650
Net cash provided by (used in) operating activities	44,018	(39,549)
Cash flows from investing activities
Capital expenditures	(31,639)	(24,763)
Cash paid for acquisitions, net	(25,494)	(7,606)
Proceeds from dispositions of property and other assets	161	14,227
Net cash used in investing activities	(56,972)	(18,142)
Cash flows from financing activities
Proceeds from borrowings	54,668	65,608
Payments on debt and finance lease obligations	(38,728)	(9,027)
Dividends paid on preferred stock	(3,900)	0
Distributions to noncontrolling interest, net of contributions from noncontrolling interest	(570)	(678)
Payments of debt issuance costs	(418)	(128)
Payment of payroll taxes on stock-based compensation through shares withheld or repurchased	(537)	(601)
Net cash provided by financing activities	10,515	55,174
Effect of exchange rate changes on cash, cash equivalents, and restricted cash	(1,924)	538
Net change in cash, cash equivalents, and restricted cash	(4,363)	(1,979)
Cash, cash equivalents, and restricted cash, beginning of year	64,303	41,971
Cash, cash equivalents, and restricted cash, end of period	$ 59,940	$ 39,992

Overview and Basis of Presentat

Overview and Basis of Presentation	6 Months Ended
	Jun. 30, 2022
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 United States Securities and Exchange Commission (“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, 2021, filed with the SEC on February 25, 2022 (“2021 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 global provider of extraordinary experiences, including hospitality and leisure activities, experiential marketing, and live events. During the first quarter of 2022, we rebranded GES’ brand experiences business and introduced Spiro to the market to accelerate our growth by servicing the changing needs of today’s brand marketers across a broader spectrum of their experiential marketing needs. We operate through three reportable segments: Pursuit, Spiro, and GES Exhibitions as further described below. The Spiro and GES Exhibitions reportable segments are both live event businesses, and are collectively referred to as “GES.” Pursuit Pursuit is a collection of inspiring and unforgettable travel experiences that includes 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 Sky Lagoon. Spiro Spiro is an experiential marketing agency that partners with leading brands around the world to manage and elevate their global experiential marketing activities. Spiro builds immersive experiences with its clients starting with the strategic plan, creating the content and design, and finishing with the delivery and execution. Spiro delivers a broad range of unique and impactful experiences for its clients, including strategic exhibition program management, corporate meetings and events, digital experiences, corporate customer centers, brand and sports activations, product launches, consumer pop-up events, on-site services, and audio visual/technology solutions. GES Exhibitions GES Exhibitions is a global exhibition services company with a legacy spanning over 90 years and teams throughout North America, Europe, and the Middle East. GES Exhibitions partners with leading exhibition and conference organizers as a full-service provider of strategic and logistics solutions to manage the complexity of their shows, including strategy, creative & design, registration & engagement, accommodations, logistics & management, material handling, overhead sign hanging, graphics and other rental and labor services. GES Exhibitions also serves as an in-house or preferred provider of electrical and other event services within event venues, including convention centers and conference hotels. Reclassifications During the first quarter of 2022, we changed our segment reporting as a result of operational changes and 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 also reclassified certain prior-year amounts to conform to current-period presentation. Such reclassifications had no impact on our results of operations or cash flows. Impact of COVID-19 Starting in mid-March 2020, the COVID-19 pandemic created severe disruptions in the live event and tourism industries, and those disruptions had a significant and negative impact on our operations and financial performance. W e are not able to fully estimate the future impact of the pandemic on our business due to the evolving and uncertain nature of COVID-19, including the scope and magnitude of variants, infections and hospitalization rates, and any related government restrictions on travel or in-person events. We will continue to evaluate and implement additional actions necessary to mitigate the negative financial and operational impact of COVID-19 on our business. 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 2021-08 , Business Combinations (Topic 805) Accounting for Contract Assets and Contract Liabilities Amendment relates to the application of Topic 805, Business Combinations, to contracts with a customer acquired in a business combination after the acquirer has adopted Topic 606. ASU 2021-08 requires contract assets and contract liabilities to be accounted for as if they (the acquirer) entered into the original contract at the same time and same date as the acquiree. 1/1/2023 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 2020-06 , Debt - Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging - Contracts in Entity’s The amendment simplified the accounting for convertible instruments by reducing the number of accounting models available for convertible debt instruments and convertible preferred stock. The amendment also required expanded disclosures about the terms and features of convertible instruments. 1/1/2022 The adoption of this new standard on January 1, 2022 did not have a material impact on our consolidated financial statements. ASU 2021-10 , Government Assistance (Topic 832) Disclosures by Business Entities about Government Assistance Amendment improves the transparency of disclosures about government assistance received by business entities by requiring annual disclosure of: (1) the types of government assistance received; (2) the accounting for such assistance; and (3) the effect of the assistance on a business entity’s financial statements. 1/1/2022 We adopted this new standard on a prospective basis. This new guidance will be effective for our Annual Report on Form 10-K for the year ending December 31, 2022, whereby we will expand our disclosures within the scope of this new standard that are reflected in the financial statements as of the adoption date. We do not expect this new standard to have a material impact our consolidated financial statements or related disclosures. Significant Accounting Policies Use of Estimates The preparation of financial statements in conformity with United States 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, letters of credit, and corporate credit cards. Cash, cash equivalents, and restricted cash balances presented in the Condensed Consolidated Statements of Cash Flows consisted of the following: June 30, December 31, (in thousands) 2022 2021 Cash and cash equivalents $ 54,516 $ 61,600 Restricted cash included in other current assets 5,424 2,703 Cash, cash equivalents, and restricted cash shown in the statement of cash flows $ 59,940 $ 64,303 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. Pursuit’s service revenue is derived through its admissions, accommodations, and transportation services. Product revenue is derived through food and beverage and retail sales. 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, and product revenue is recognized at a point in time. 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, environments, and graphics and is recognized at a point in time upon delivery of the product. 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 56.4 % 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 for our GES business. These facility leases 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 Pursuit 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 is adjusted 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	6 Months Ended
	Jun. 30, 2022
Revenue from Contract with Customer [Abstract]
Revenue and Related Contract Costs and Contract Liabilities	Note 2. Revenue and Related Contract Costs and Contract Liabilities 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, 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. 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. Contract Liabilities Pursuit and GES 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 “Contract liabilities” and “Other deferred items and liabilities” in the Condensed Consolidated Balance Sheets. Changes to contract liabilities are as follows: (in thousands) Balance at December 31, 2021 $ 39,662 Cash additions 93,013 Revenue recognized ( 58,618 ) Foreign exchange translation adjustment ( 7,121 ) Balance at June 30, 2022 $ 66,936 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 live 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 “Current contract costs” and “Other investments and assets” in the Condensed Consolidated Balance Sheets. Changes to contract costs are as follows: (in thousands) Balance at December 31, 2021 $ 13,790 Additions 32,034 Expenses ( 20,584 ) Foreign exchange translation adjustment ( 485 ) Balance at June 30, 2022 $ 24,755 As of June 30, 2022 , capitalized contract costs consisted of $ 0.2 million to obtain contracts and $ 24.6 million to fulfill contracts. We did no t recognize an impairment loss with respect to capitalized contract costs during the three and six months ended June 30, 2022 or 2021. Disaggregation of Revenue The following tables disaggregate Pursuit and GES revenue by major service and product lines, timing of revenue recognition, and markets served: Pursuit During the first quarter of 2022, we reallocated certain ancillary revenue presented in Pursuit’s services revenue to better align with how we analyze revenue and depict the nature of revenue. All prior periods have been reclassified to conform to this new presentation. Three Months Ended Six Months Ended June 30, June 30, (in thousands) 2022 2021 2022 2021 Services: Ticket revenue $ 29,337 $ 10,105 $ 38,539 $ 11,589 Rooms revenue 20,559 11,370 27,462 16,139 Transportation 3,755 923 4,934 1,460 Other 3,017 2,547 4,387 3,642 Total services revenue 56,668 24,945 75,322 32,830 Products: Food and beverage 12,171 5,899 16,264 7,123 Retail operations 8,760 5,469 9,797 6,150 Total products revenue 20,931 11,368 26,061 13,273 Total revenue $ 77,599 $ 36,313 $ 101,383 $ 46,103 Timing of revenue recognition: Services transferred over time $ 56,668 $ 24,945 $ 75,322 $ 32,830 Products transferred at a point in time 20,931 11,368 26,061 13,273 Total revenue $ 77,599 $ 36,313 $ 101,383 $ 46,103 Markets: Banff Jasper Collection $ 38,962 $ 10,658 $ 53,292 $ 19,118 Alaska Collection 13,319 11,058 13,816 11,347 Glacier Park Collection 13,581 10,968 14,590 11,546 FlyOver 5,870 735 10,009 1,198 Sky Lagoon 5,867 2,894 9,676 2,894 Total revenue $ 77,599 $ 36,313 $ 101,383 $ 46,103 GES During the first quarter of 2022, we changed our segment reporting as a result of operational changes and how our CODM reviews the financial performance of GES and makes decisions regarding the allocation of resources. Accordingly, GES’ new reportable segments are Spiro and GES Exhibitions. As a result, we changed certain items in the following disaggregation of revenue table. All prior periods have been reclassified to conform to the new reporting structure. Three Months Ended Six Months Ended June 30, June 30, (in thousands) 2022 2021 2022 2021 Service lines: Spiro $ 89,425 $ 11,944 $ 132,241 $ 24,003 GES Exhibitions 154,600 13,057 266,431 20,209 Intersegment eliminations ( 2,421 ) ( 81 ) ( 3,492 ) ( 147 ) Total revenue $ 241,604 $ 24,920 $ 395,180 $ 44,065 Timing of revenue recognition: Services transferred over time $ 197,464 $ 21,361 $ 329,947 $ 38,376 Products transferred over time (1) 16,025 733 23,963 1,150 Products transferred at a point in time 28,115 2,826 41,270 4,539 Total revenue $ 241,604 $ 24,920 $ 395,180 $ 44,065 Geographical markets: North America $ 189,670 $ 19,472 $ 318,697 $ 35,330 EMEA 58,534 6,074 84,347 9,977 Intersegment eliminations ( 6,600 ) ( 626 ) ( 7,864 ) ( 1,242 ) Total revenue $ 241,604 $ 24,920 $ 395,180 $ 44,065 (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.

Share-Based Compensation

Share-Based Compensation	6 Months Ended
	Jun. 30, 2022
Share-Based Payment Arrangement [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, as amended, (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 reserved 1,750,000 shares of common stock for issuance under the 2017 Plan. On May 24, 2022, we amended and restated the 2017 Plan, which among other things, increased the number of shares reserved for issuance under the 2017 Plan by 840,000 shares, thus bringing the total number of reserved shares to 2,590,000 . As of June 30, 2022 , there were 1,176,507 shares available for future grant under the 2017 Plan. The following table summarizes share-based compensation expense: Three Months Ended Six Months Ended June 30, June 30, (in thousands) 2022 2021 2022 2021 Performance-based restricted stock units $ 705 $ 466 $ 719 $ 606 Restricted stock awards and restricted stock units 1,787 1,436 3,349 2,680 Stock options 811 551 1,401 930 Share-based compensation expense before income tax 3,303 2,453 5,469 4,216 Income tax benefit (1) ( 30 ) ( 28 ) ( 47 ) ( 55 ) Share-based compensation expense, net of income tax $ 3,273 $ 2,425 $ 5,422 $ 4,161 (1) The 2022 and 2021 income tax benefit amount primarily reflects the tax benefit associated with our Canadian-based employees.

Acquisitions

Acquisitions	6 Months Ended
	Jun. 30, 2022
Business Combinations [Abstract]
Acquisitions	Note 4. Acquisitions 2022 Acquisition Glacier Raft Company On April 6, 2022, we acquired the Glacier Raft Company, which provides guided river rafting trips operating in Pursuit’s West Glacier, Montana operations. The Glacier Raft Company also owns 13 log cabins, a lodge, and a wedding venue located on 50 acres with views into Glacier National Park. The purchase price was $ 26.5 million in cash, subject to certain adjustments. This acquisition was funded via cash on hand of approximately $ 11.5 million and borrowings under our revolving credit facility of $ 15.0 million. The following table summarizes the preliminary allocation of the fair value of the assets acquired and liabilities assumed at the date of acquisition. Due to the recent timing of the acquisition, the purchase price allocation is not yet finalized and is subject to change within the measurement period (up to one year from the acquisition date). (in thousands) Purchase price paid as: Cash $ 26,507 Working capital adjustment ( 961 ) Purchase price adjustment 125 Cash acquired ( 177 ) Purchase price, net of cash acquired 25,494 Fair value of net assets acquired: Inventory 370 Prepaid expenses and other 57 Property and equipment 6,487 Intangible assets 3,400 Total assets acquired 10,314 Customer deposits 1,575 Other current liabilities 32 Total liabilities assumed 1,607 Total fair value of net assets acquired 8,707 Excess purchase price over fair value of net assets acquired (“goodwill”) $ 16,787 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 was recorded as “Goodwill.” Goodwill is included in the Pursuit reportable segment. 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 deductible for tax purposes. We included these assets in the Condensed Consolidated Balance Sheets from the date of acquisition. Following are details of the purchase price allocated to the intangible assets acquired for the Glacier Raft Company: (in thousands) Amount Weighted Average Life Customer relationships $ 1,800 12 years Operating licenses 1,300 17 years Trade name 300 8 years Total $ 3,400 13.6 years Transaction costs associated with the acquisition were $ 0.1 million during 2022, which are included in “Costs of services” in the Condensed Consolidated Statements of Operations. 2021 Acquisition 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 reportable segment. 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 $ 0.4 million U.S. dollars during 2021, which are included in “Costs of services” in the Condensed Consolidated Statements of Operations.

Inventories

Inventories	6 Months Ended
	Jun. 30, 2022
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: June 30, December 31, (in thousands) 2022 2021 Raw materials $ 1,595 $ 2,350 Finished goods 13,345 6,231 Inventories $ 14,940 $ 8,581

Other Current Assets

Other Current Assets	6 Months Ended
	Jun. 30, 2022
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Other Current Assets	Note 6. Other Current Assets Other current assets consisted of the following: June 30, December 31, (in thousands) 2022 2021 Restricted cash $ 5,424 $ 2,703 Prepaid software maintenance 5,153 4,154 Income tax receivable 2,994 1,901 Prepaid vendor payments 1,705 1,604 Prepaid taxes 311 456 Prepaid other 1,698 1,165 Other 1,517 2,097 Other current assets $ 18,802 $ 14,080

Property and Equipment

Property and Equipment	6 Months Ended
	Jun. 30, 2022
Property, Plant and Equipment [Abstract]
Property and Equipment	Note 7. Property and Equipment Property and equipment consisted of the following: June 30, December 31, (in thousands) 2022 2021 Land and land interests $ 31,316 $ 30,532 Buildings and leasehold improvements 408,114 407,930 Equipment and other 436,076 413,684 Gross property and equipment 875,506 852,146 Accumulated depreciation ( 378,428 ) ( 364,060 ) Property and equipment, net (excluding finance leases) 497,078 488,086 Finance lease ROU assets, net 62,101 61,022 Property and equipment, net $ 559,179 $ 549,108 Depreciation expense was $ 10.8 million for the three months ended June 30, 2022 and $ 21.8 million for the six months ended June 30, 2022. Depreciation expense was $ 10.7 million for the three months ended June 30, 2021 and $ 21.6 million for the six months ended June 30, 2021. Property and equipment purchased through accounts payable and accrued liabilities decreased $ 0.4 million during the six months ended June 30, 2022 and increased $ 4.2 million during the six months ended June 30, 2021 . Capitalized interest was $ 0.7 million for the three months ended June 30, 2022 and $ 2.6 million for the six months ended June 30, 2022 , which was primarily related to the development of Pursuit’s FlyOver attractions.

Other Investments and Assets

Other Investments and Assets	6 Months Ended
	Jun. 30, 2022
Investments, All Other Investments [Abstract]
Other Investments and Assets	Note 8. Other Investments and Assets Other investments and assets consisted of the following: June 30, December 31, (in thousands) 2022 2021 Self-insured liability receivable $ 6,847 $ 6,847 Other mutual funds 3,459 4,057 Contract costs 2,453 2,685 Other 2,928 3,129 Other investments and assets $ 15,687 $ 16,718

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	6 Months Ended
	Jun. 30, 2022
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, 2021 $ 112,078 Business acquisition 16,787 Foreign currency translation adjustments ( 1,988 ) Balance at June 30, 2022 $ 126,877 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. Other intangible assets consisted of the following: June 30, 2022 December 31, 2021 (in thousands) Useful Life Gross Accumulated Net Gross Accumulated Net Intangible assets subject to amortization: Customer contracts and relationships 7.2 $ 37,485 $ ( 28,764 ) $ 8,721 $ 36,848 $ ( 28,372 ) $ 8,476 Operating contracts and licenses 34.6 41,444 ( 3,113 ) 38,331 40,927 ( 2,660 ) 38,267 In-place lease 34.3 15,183 ( 1,280 ) 13,903 15,464 ( 1,084 ) 14,380 Tradenames 4.3 5,823 ( 3,128 ) 2,695 5,626 ( 2,819 ) 2,807 Other 5.7 810 ( 154 ) 656 824 ( 139 ) 685 Total amortized intangible assets 100,745 ( 36,439 ) 64,306 99,689 ( 35,074 ) 64,615 Indefinite-lived intangible assets: Business licenses 572 — 572 574 — 574 Other intangible assets, net $ 101,317 $ ( 36,439 ) $ 64,878 $ 100,263 $ ( 35,074 ) $ 65,189 Intangible asset amortization expense (excluding amortization expense of ROU assets) was $ 1.4 million for the three months ended June 30, 2022 and $ 2.6 million for the six months ended June 30, 2022. Intangible assets amortization expense was $ 1.6 million for the three months ended June 30, 2021 and $ 2.8 million for the six months ended June 30, 2021. At June 30, 2022, the estimated future amortization expense related to intangible assets subject to amortization is as follows: (in thousands) Year ending December 31, Remainder of 2022 $ 2,686 2023 4,710 2024 3,746 2025 2,439 2026 2,404 Thereafter 48,321 Total $ 64,306

Other Current Liabilities

Other Current Liabilities	6 Months Ended
	Jun. 30, 2022
Other Liabilities, Current [Abstract]
Other Current Liabilities	Note 10. Other Current Liabilities Other current liabilities consisted of the following: June 30, December 31, (in thousands) 2022 2021 Continuing operations: Commissions payable $ 9,786 $ 4,119 Accommodation service deposits 9,420 892 Accrued sales and use taxes 8,688 3,428 Self-insured liability 5,428 4,815 Accrued employee benefit costs 4,188 4,164 Accrued concession fees 3,089 964 Accrued professional fees 1,310 1,671 Current portion of pension and postretirement liabilities 1,457 1,637 Accrued restructuring 628 864 Accrued interest payable 233 228 Other taxes 1,252 1,042 Other 4,509 3,999 Total continuing operations 49,988 27,823 Discontinued operations: Self-insured liability 354 312 Environmental remediation liabilities 52 60 Other 94 94 Total discontinued operations 500 466 Total other current liabilities $ 50,488 $ 28,289

Other Deferred Items and Liabil

Other Deferred Items and Liabilities	6 Months Ended
	Jun. 30, 2022
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: June 30, December 31, (in thousands) 2022 2021 Continuing operations: Foreign deferred tax liability $ 28,636 $ 27,748 Multi-employer pension plan withdrawal liability 14,041 14,260 Self-insured excess liability 6,847 6,847 Self-insured liability 4,944 5,119 Accrued compensation 4,708 5,696 Accrued restructuring 2,629 2,571 Other 3,144 2,758 Total continuing operations 64,949 64,999 Discontinued operations: Environmental remediation liabilities 2,176 2,168 Self-insured liability 1,428 1,535 Other 250 251 Total discontinued operations 3,854 3,954 Total other deferred items and liabilities $ 68,803 $ 68,953

Debt and Finance Lease Obligati

Debt and Finance Lease Obligations	6 Months Ended
	Jun. 30, 2022
Debt Disclosure [Abstract]
Debt and Finance Lease Obligations	Note 12. Debt and Finance Obligations The components of debt and finance obligations consisted of the following: June 30, December 31, (in thousands, except interest rates) 2022 2021 2021 Credit Facility - Term Loan B, 6.1 % interest rate at June 30, 2022 and 5.5 % at December 31, 2021, due through 2028 (1) $ 397,000 $ 399,000 2021 Credit Facility - Revolving Credit Facility, 7.3 % weighted-average interest rate at June 30, 2022, due through 2026 (1) 15,000 — Forest Park Hotel Construction Loan Facility, 4.8 % interest rate at June 30, 2022, due through 2027 (1) 8,634 — FlyOver Iceland Credit Facility, 4.9 % interest rate at June 30, 2022 and December 31, 2021, due through 2025 (1) 5,123 5,566 FlyOver Iceland Term Loans, 8.6 % weighted-average interest rate at June 30, 2022 and 3.8 % at December 31, 2021, due through 2024 (1) 679 689 Less unamortized debt issuance costs ( 13,864 ) ( 14,804 ) Total debt 412,572 390,451 Finance lease obligations, 9.1 % weighted-average interest rate at June 30, 2022 and December 31, 2021, due through 2067 64,895 63,401 Financing arrangements 966 5,528 Total debt and finance obligations (2)(3) 478,433 459,380 Current portion ( 9,144 ) ( 12,800 ) Long-term debt and finance obligations $ 469,289 $ 446,580 (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 estimated fair value of total debt and finance leases was $ 340.8 million as of June 30, 2022 and $ 328.9 million as of December 31, 2021 . 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 . (3) Cash paid for interest on debt was $ 14.6 million during the six months ended June 30, 2022 and $ 10.3 million during the six months ended June 30, 2021 . 2021 Credit Facility Effective July 30, 2021, we entered into a new $ 500 million credit facility (the “2021 Credit Facility”). 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 proceeds will be used to provide for financial flexibility to fund future acquisitions and growth initiatives and for general corporate purposes. On March 23, 2022, we entered into an amendment to the 2021 Credit Facility, which modified the revolving credit facility’s financial covenants as detailed below. Term Loan B The $ 400 million Term Loan B proceeds were offset in part by $ 14.8 million in related fees. The proceeds from the Term Loan B were used to repay the $ 327 million outstanding balance under our then outstanding $ 450 million revolving credit facility. The interest rate on the Term Loan B is London Interbank Offered Rate (“LIBOR”) plus 5.00%, with a LIBOR floor of 0.50% . There are no financial covenants under the Term Loan B. Revolving Credit Facility The following are significant terms under the revolving credit facility, as amended: • Maintain minimum liquidity of $ 75 million until the compliance certificate and financial statements for the quarter ended September 30, 2022 are received by the administrative agent, with liquidity defined as unrestricted cash and available capacity on our revolving credit facility; • Financial covenants will first be tested as of September 30, 2022 as described below: o Maintain a total net leverage ratio of not greater than 5.25 to 1.00 at September 30, 2022 with a step-down to 4.75 to 1.00 at December 31, 2022, 4.50 to 1.00 at March 31, 2023, and 4.00 to 1.00 at June 30, 2023 and thereafter; and o Maintain an interest coverage ratio of not less than 2.00 to 1.00 at September 30, 2022, with a step-up to 2.50 to 1.00 on December 31, 2022 and thereafter. • Interest rate during minimum liquidity period is LIBOR plus 3.50% and a 0.50 % commitment fee; and • Interest rates during the leverage test period are based on the net leverage ratio and range from LIBOR plus 2.50% with an undrawn fee of 0.30% to LIBOR plus 3.50% with an undrawn fee of 0.50% . On April 6, 2022, we borrowed $ 15.0 million from the revolving credit facility to partially fund the Glacier Raft Company acquisition. Refer to Note 4 – Acquisitions for additional information. As of June 30, 2022, capacity remaining under the Revolving Credit Facility was $ 72.3 million, reflecting $ 100.0 million total facility size, less $ 15.0 million of borrowings and $ 12.7 million in outstanding letters of credit. Forest Park Hotel Construction Loan Facility Effective May 17, 2022, Pursuit, through a 60% owned subsidiary, entered into a construction loan facility for borrowings up to $ 17.0 million Canadian dollars (approximately $ 13.3 million U.S. dollars) for the development and construction of the Forest Park Hotel in Jasper National Park. The construction loan facility requires interest only payments through November 2023 at Canada Prime plus 2.35 % per annum. After November 2023, the construction loan will be converted to a term loan and the interest rate will be at Canada Prime plus 1.50 % per annum. The construction loan facility matures on May 17, 2027 . As of June 30, 2022, funds of $ 5.9 million Canadian dollars (approximately $ 4.6 million U.S. dollars) were available. Construction of the Forest Park Hotel is expected to be completed in August 2022. 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. We entered into an addendum effective December 1, 2021 wherein the principal payments were deferred for twelve months beginning December 1, 2021, with the first payment due December 1, 2022 . The addendum extended the maturity date to March 1, 2025 and provided for a semi-annual waiver of certain covenants through June 30, 2022 with the first testing date as of December 31, 2022. Conditions to the addendum included securing additional capital of ISK 75.0 million (approximately $ 0.6 million) in January 2022, which was completed, in order to strengthen FlyOver Iceland’s liquidity position. There were no other changes to the terms of the FlyOver Iceland Credit Facility. 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. Financing arrangements We have insurance premium financing arrangements in order to finance certain of our insurance premium payments. The financing arrangements are payable within the next 12 months and bear a weighted average interest rate of 2.7 %.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2022
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) June 30, 2022 Quoted Prices Significant Significant Assets: Money market funds (1) $ — $ — $ — $ — Other mutual funds (2) 3,459 3,459 — — Total assets at fair value on a recurring basis $ 3,459 $ 3,459 $ — $ — Fair Value Measurements at Reporting Date Using (in thousands) December 31, 2021 Quoted Prices Significant Significant Assets: Money market funds (1) $ 11,003 $ 11,003 $ — $ — Other mutual funds (2) 4,057 4,057 — — Total assets at fair value on a recurring basis $ 15,060 $ 15,060 $ — $ — (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 Obligations for the estimated fair value of debt obligations.

Loss Per Share

Loss Per Share	6 Months Ended
	Jun. 30, 2022
Earnings Per Share [Abstract]
Income (Loss) Per Share	Note 14. Income (Loss) Per Share The components of basic and diluted loss per share are as follows: Three Months Ended Six Months Ended June 30, June 30, (in thousands, except per share data) 2022 2021 2022 2021 Net income (loss) attributable to Viad $ 19,839 $ ( 42,026 ) $ ( 9,162 ) $ ( 85,178 ) Less: Allocation to participating securities ( 4,293 ) — — — Convertible preferred stock dividends paid in cash ( 1,950 ) — ( 3,900 ) — Convertible preferred stock dividends paid in kind — ( 1,923 ) — ( 3,821 ) Adjustment to the redemption value of redeemable noncontrolling interest ( 412 ) ( 547 ) ( 763 ) ( 603 ) Net income (loss) allocated to Viad common stockholders (basic) $ 13,184 $ ( 44,496 ) $ ( 13,825 ) $ ( 89,602 ) Add: Allocation to participating securities 25 — — — Net income (loss) allocated to Viad common stockholders (diluted) $ 13,209 $ ( 44,496 ) $ ( 13,825 ) $ ( 89,602 ) Basic weighted-average outstanding common shares 20,571 20,397 20,544 20,384 Additional dilutive shares related to share-based compensation 160 — — — Diluted weighted-average outstanding shares 20,731 20,397 20,544 20,384 Income (loss) per share: Basic income (loss) attributable to Viad common stockholders $ 0.64 $ ( 2.18 ) $ ( 0.67 ) $ ( 4.40 ) Diluted income (loss) attributable to Viad common stockholders (1) $ 0.64 $ ( 2.18 ) $ ( 0.67 ) $ ( 4.40 ) (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 if-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 if-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 income (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 Six Months Ended June 30, June 30, (in thousands) 2022 2021 2022 2021 Convertible preferred stock — 6,583 6,674 6,539 Unvested restricted share-based awards 17 161 168 172 Unvested performance share-based awards 33 34 51 23 Stock options 372 250 277 204

Common and Preferred Stock

Common and Preferred Stock	6 Months Ended
	Jun. 30, 2022
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 (the “Investment Agreement”), relating to the issuance of 135,000 shares of newly issued Convertible Series A Preferred Stock, par value $ 0.01 per share (the “Convertible Preferred Stock”), 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. Dividends paid-in-kind increase the redemption value of the preferred stock. The redemption value of the preferred stock was $ 141.8 million as of June 30, 2022 and June 30, 2021. Upon the occurrence of a change in control event, the holders have a right to require Viad to repurchase such preferred stock. During the six months ended June 30, 2022 , $ 3.9 million of dividends were declared, all of which were paid in cash. 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. As of June 30, 2022 , 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)	6 Months Ended
	Jun. 30, 2022
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, 2021 $ ( 16,162 ) $ ( 11,267 ) $ ( 27,429 ) Other comprehensive income before reclassifications ( 8,131 ) — ( 8,131 ) Amounts reclassified from AOCI, net of tax — 466 466 Net other comprehensive income (loss) ( 8,131 ) 466 ( 7,665 ) Balance at June 30, 2022 $ ( 24,293 ) $ ( 10,801 ) $ ( 35,094 ) (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 loss before reclassifications 7,654 — 7,654 Amounts reclassified from AOCI, net of tax — 122 122 Net other comprehensive income 7,654 122 7,776 Balance at June 30, 2021 $ ( 9,032 ) $ ( 13,833 ) $ ( 22,865 ) 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	6 Months Ended
	Jun. 30, 2022
Income Tax Disclosure [Abstract]
Income Taxes	Note 17. Income Taxes The effective tax rate was 14.3 % for the three months ended June 30, 2022 and a negative 8.0 % for the six months ended June 30, 2022. The effective tax rate was 4.8 % for the three months ended June 30, 2021 and 5.6 % for the six months ended June 30, 2021. The income tax provision was computed based on our estimated annualized effective tax rate and the full-year forecasted income or loss plus the tax impact of unusual, infrequent, or nonrecurring significant items during the period. The effective tax rates for the three and six months ended June 30, 2022 and 2021 were less than the federal statutory rate of 21 % primarily as a result of excluding the tax benefits on losses recognized in the United States, United Kingdom, and other European countries where we have a valuation allowance. The six months ended June 30, 2022 was also impacted by a change in income or loss between jurisdictions. We received net cash refunds of $ 0.6 million during the three months ended June 30, 2022 and made cash payments for income taxes of $ 0.8 million during the six months ended June 30, 2022. We received cash refunds of $ 0.3 million during the three months ended June 30, 2021 and made cash payments for income taxes of $ 0.4 million during the six months ended June 30, 2021 .

Pension and Postretirement Bene

Pension and Postretirement Benefits	6 Months Ended
	Jun. 30, 2022
Retirement Benefits [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 June 30, 2022 and 2021 consist of the following: Domestic Plans Pension Plans Postretirement Benefit Plans Foreign Pension Plans (in thousands) 2022 2021 2022 2021 2022 2021 Service cost $ — $ — $ 10 $ 15 $ 76 $ 117 Interest cost 125 91 54 40 79 80 Expected return on plan assets 51 12 — — ( 98 ) ( 130 ) Amortization of prior service credit — — 22 ( 2 ) — — Recognized net actuarial loss 134 159 23 42 36 50 Net periodic benefit cost $ 310 $ 262 $ 109 $ 95 $ 93 $ 117 Settlement cost $ — $ — $ — $ — $ — $ — Total expenses $ 310 $ 262 $ 109 $ 95 $ 93 $ 117 The components of net periodic benefit cost of our pension and postretirement benefit plans for the six months ended June 30, 2022 and 2021 consist of the following: Domestic Plans Pension Plans Postretirement Benefit Plans Foreign Pension Plans (in thousands) 2022 2021 2022 2021 2022 2021 Service cost $ — $ — $ 20 $ 28 $ 161 $ 230 Interest cost 250 205 108 95 167 156 Expected return on plan assets 49 ( 15 ) — — ( 223 ) ( 255 ) Amortization of prior service credit — — 44 ( 3 ) — — Recognized net actuarial loss 268 310 46 98 71 99 Net periodic benefit cost $ 567 $ 500 $ 218 $ 218 $ 176 $ 230 Settlement cost $ 115 $ — $ — $ — $ 533 $ — Total expenses $ 682 $ 500 $ 218 $ 218 $ 709 $ 230 We expect to contribute $ 0.9 million to our funded pension plans, $ 0.9 million to our unfunded pension plans, and $ 0.8 million to our postretirement benefit plans in 2022. During the six months ended June 30, 2022 , we contributed $ 0.4 million to our funded pension plans, $ 0.3 million to our unfunded pension plans, and $ 0.3 million to our postretirement benefit plans.

Restructuring Charges

Restructuring Charges	6 Months Ended
	Jun. 30, 2022
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. 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, 2021 $ 1,976 $ 1,433 $ 26 $ 3,435 Restructuring charges 377 1,673 30 2,080 Cash payments ( 316 ) ( 719 ) ( 83 ) ( 1,118 ) Non-cash items (1) ( 355 ) ( 812 ) — ( 1,167 ) Adjustment to liability ( 2 ) ( 10 ) 39 27 Balance at June 30, 2022 $ 1,680 $ 1,565 $ 12 $ 3,257 (1) Represents non-cash adjustments related to a write-down of certain ROU assets and leasehold improvements as a result of vacating certain facilities during the first quarter of 2022 prior to the lease term. As of June 30, 2022 , $ 1.5 million of the liabilities related to severance and employee benefits will remain unpaid by the end of 2022. 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.

Litigation, Claims, Contingenci

Litigation, Claims, Contingencies and Other	6 Months Ended
	Jun. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Litigation, Claims, Contingencies and Other	Note 21. Litigation, Claims, Contingencies, and Other We are plaintiffs or defendants in 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 June 30, 2022 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. We immediately reported the accident to our relevant insurance carriers, who are also supporting the investigation and subsequent claims. In May 2022, we received charges from the Canadian office of Occupational Health and Safety in relation to this accident. As we review these charges, we continue to cooperate fully with regulatory agencies regarding this accident. In addition, we believe that our reserves and, subject to customary deductibles, our insurance coverage is sufficient to cover potential claims and regulatory fines related to this accident. We are subject to various United States 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 June 30, 2022, we had recorded environmental remediation liabilities of $ 2.2 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 June 30, 2022, 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 June 30, 2022 would be $ 95.9 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 2022 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 $ 10.4 million as of June 30, 2022 , which includes $ 5.9 million related to workers’ compensation liabilities, and $ 4.5 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 $ 1.8 million as of June 30, 2022 . We are also self-insured for certain employee health benefits and the estimated employee health benefit claims incurred but not yet reported was $ 1.2 million as of June 30, 2022 . 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 June 30, 2022 and $ 2.6 million for the six months ended June 30, 2022 and $ 0.9 million for the three months ended June 30, 2021 and $ 1.1 million for the six months ended June 30, 2021. In addition, as of June 30, 2022 , we have recorded insurance liabilities of $ 6.8 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. Of this total, $ 6.7 million is related to workers’ compensation liabilities and $ 0.1 million is related to general/auto liability claims, 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	6 Months Ended
	Jun. 30, 2022
Noncontrolling Interest [Abstract]
Noncontrolling Interest – Redeemable and Non-redeemable	Note 22. Noncontrolling Interests – 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 56.4 % as of June 30, 2022. 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 August 2022 (the “Reference Date”), and in the event 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, 2021 $ 5,444 Net loss attributable to redeemable noncontrolling interest ( 266 ) Adjustment to the redemption value 763 Foreign currency translation adjustment ( 118 ) Balance at June 30, 2022 $ 5,823 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, 2021 $ 15,315 $ 58,601 $ 11,640 $ 85,556 Net income (loss) attributable to non-redeemable noncontrolling interest ( 721 ) 68 ( 100 ) ( 753 ) Distributions to non-controlling interests — ( 570 ) — ( 570 ) Foreign currency translation adjustments ( 3 ) ( 1,050 ) ( 224 ) ( 1,277 ) Balance at June 30, 2022 $ 14,591 $ 57,049 $ 11,316 $ 82,956 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	6 Months Ended
	Jun. 30, 2022
Segment Reporting [Abstract]
Segment Information	Note 23. Segment Information An operating segment is defined as a component of an enterprise that engages in business activities for which discrete financial information is available and regularly reviewed by the CODM in deciding how to allocate resources and assess performance. Our CODM is our Chief Executive Officer. During the first quarter of 2022, we changed our segment reporting as a result of operational changes and how our CODM reviews the financial performance of GES and makes decisions regarding the allocation of resources. Accordingly, GES’ new reportable segments are Spiro and GES Exhibitions. We made no changes to the Pursuit reportable segment. We measure the profit and performance of our operations on the basis of segment operating income (loss) which excludes restructuring charges, impairment charges, multi-employer pension plan withdrawal, and certain other corporate expenses that are not allocated to the reportable segments. Intersegment sales are eliminated in consolidation and intersegment transfers are not significant. Corporate activities include expenses not allocated to operations. Our reportable segments, with reconciliations to consolidated totals, are as follows: Three Months Ended Six Months Ended June 30, June 30, (in thousands) 2022 2021 2022 2021 Revenue: Pursuit $ 77,599 $ 36,313 $ 101,383 $ 46,103 GES: Spiro 89,425 11,944 132,241 24,003 GES Exhibitions 154,600 13,057 266,431 20,209 GES intersegment eliminations ( 2,421 ) ( 81 ) ( 3,492 ) ( 147 ) Total GES 241,604 24,920 395,180 44,065 Total revenue $ 319,203 $ 61,233 $ 496,563 $ 90,168 Segment operating income (loss): Pursuit $ 5,571 $ ( 8,097 ) $ ( 15,627 ) $ ( 26,418 ) GES: Spiro 14,847 ( 7,211 ) 14,608 ( 14,380 ) GES Exhibitions 16,273 ( 19,686 ) 14,918 ( 32,421 ) Total GES 31,120 ( 26,897 ) 29,526 ( 46,801 ) Segment operating income (loss) 36,691 ( 34,994 ) 13,899 ( 73,219 ) Corporate eliminations (1) 17 18 34 35 Corporate activities ( 3,440 ) ( 3,006 ) ( 6,113 ) ( 5,011 ) Interest expense, net ( 7,761 ) ( 5,565 ) ( 13,638 ) ( 10,650 ) Multi-employer pension plan withdrawal — ( 57 ) — ( 57 ) Other expense, net ( 612 ) ( 680 ) ( 1,250 ) ( 1,040 ) Restructuring charges: Pursuit — — — ( 23 ) Spiro ( 808 ) ( 126 ) ( 1,226 ) ( 176 ) GES Exhibitions ( 588 ) ( 661 ) ( 824 ) ( 3,394 ) Corporate ( 30 ) — ( 30 ) ( 20 ) Impairment charges: GES Exhibitions — — ( 583 ) — Income (loss) from continuing operations before income taxes $ 23,469 $ ( 45,071 ) $ ( 9,731 ) $ ( 93,555 ) (1) Corporate eliminations represent the elimination of depreciation expense recorded by Pursuit associated with previously eliminated intercompany profit realized by GES for renovations to Pursuit’s Banff Gondola. Additional information of our reportable segments is as follows: Three Months Ended Six Months Ended June 30, June 30, June 30, (in thousands) 2022 2021 2022 2021 Depreciation: Pursuit $ 7,866 $ 6,546 $ 15,648 $ 13,003 Spiro 852 1,032 1,781 2,529 GES Exhibitions 2,070 3,084 4,361 6,020 Corporate 14 12 18 24 $ 10,802 $ 10,674 $ 21,808 $ 21,576 Amortization: Pursuit $ 1,316 $ 1,439 $ 2,495 $ 2,469 Spiro 51 122 103 252 GES Exhibitions 1,038 1,098 2,080 2,213 $ 2,405 $ 2,659 $ 4,678 $ 4,934 Capital expenditures: Pursuit $ 17,219 $ 14,396 $ 28,710 $ 23,619 Spiro 442 146 586 294 GES Exhibitions 1,383 702 2,248 702 Corporate and other 25 148 95 148 $ 19,069 $ 15,392 $ 31,639 $ 24,763 No asset information has been provided for our reportable segments as our CODM no longer reviews asset information by reportable segment.

Overview and Basis of Present_2

Overview and Basis of Presentation (Policies)	6 Months Ended
	Jun. 30, 2022
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 United States Securities and Exchange Commission (“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, 2021, filed with the SEC on February 25, 2022 (“2021 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.
Reclassifications	Reclassifications During the first quarter of 2022, we changed our segment reporting as a result of operational changes and 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 also reclassified certain prior-year amounts to conform to current-period presentation. Such reclassifications had no impact on our results of operations or cash flows.
Nature of Business	Nature of Business We are a leading global provider of extraordinary experiences, including hospitality and leisure activities, experiential marketing, and live events. During the first quarter of 2022, we rebranded GES’ brand experiences business and introduced Spiro to the market to accelerate our growth by servicing the changing needs of today’s brand marketers across a broader spectrum of their experiential marketing needs. We operate through three reportable segments: Pursuit, Spiro, and GES Exhibitions as further described below. The Spiro and GES Exhibitions reportable segments are both live event businesses, and are collectively referred to as “GES.” Pursuit Pursuit is a collection of inspiring and unforgettable travel experiences that includes 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 Sky Lagoon. Spiro Spiro is an experiential marketing agency that partners with leading brands around the world to manage and elevate their global experiential marketing activities. Spiro builds immersive experiences with its clients starting with the strategic plan, creating the content and design, and finishing with the delivery and execution. Spiro delivers a broad range of unique and impactful experiences for its clients, including strategic exhibition program management, corporate meetings and events, digital experiences, corporate customer centers, brand and sports activations, product launches, consumer pop-up events, on-site services, and audio visual/technology solutions. GES Exhibitions GES Exhibitions is a global exhibition services company with a legacy spanning over 90 years and teams throughout North America, Europe, and the Middle East. GES Exhibitions partners with leading exhibition and conference organizers as a full-service provider of strategic and logistics solutions to manage the complexity of their shows, including strategy, creative & design, registration & engagement, accommodations, logistics & management, material handling, overhead sign hanging, graphics and other rental and labor services. GES Exhibitions also serves as an in-house or preferred provider of electrical and other event services within event venues, including convention centers and conference hotels.
Impact of COVID-19	Impact of COVID-19 Starting in mid-March 2020, the COVID-19 pandemic created severe disruptions in the live event and tourism industries, and those disruptions had a significant and negative impact on our operations and financial performance. W e are not able to fully estimate the future impact of the pandemic on our business due to the evolving and uncertain nature of COVID-19, including the scope and magnitude of variants, infections and hospitalization rates, and any related government restrictions on travel or in-person events. We will continue to evaluate and implement additional actions necessary to mitigate the negative financial and operational impact of COVID-19 on our business.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with United States 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, letters of credit, and corporate credit cards. Cash, cash equivalents, and restricted cash balances presented in the Condensed Consolidated Statements of Cash Flows consisted of the following: June 30, December 31, (in thousands) 2022 2021 Cash and cash equivalents $ 54,516 $ 61,600 Restricted cash included in other current assets 5,424 2,703 Cash, cash equivalents, and restricted cash shown in the statement of cash flows $ 59,940 $ 64,303
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. Pursuit’s service revenue is derived through its admissions, accommodations, and transportation services. Product revenue is derived through food and beverage and retail sales. 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, and product revenue is recognized at a point in time. 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, environments, and graphics and is recognized at a point in time upon delivery of the product.
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 56.4 % 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 for our GES business. These facility leases 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 Pursuit 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 is adjusted 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.

Overview and Basis of Present_3

Overview and Basis of Presentation (Tables)	6 Months Ended
	Jun. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Corrections to Prior Period Adjustments	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 2021-08 , Business Combinations (Topic 805) Accounting for Contract Assets and Contract Liabilities Amendment relates to the application of Topic 805, Business Combinations, to contracts with a customer acquired in a business combination after the acquirer has adopted Topic 606. ASU 2021-08 requires contract assets and contract liabilities to be accounted for as if they (the acquirer) entered into the original contract at the same time and same date as the acquiree. 1/1/2023 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 2020-06 , Debt - Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging - Contracts in Entity’s The amendment simplified the accounting for convertible instruments by reducing the number of accounting models available for convertible debt instruments and convertible preferred stock. The amendment also required expanded disclosures about the terms and features of convertible instruments. 1/1/2022 The adoption of this new standard on January 1, 2022 did not have a material impact on our consolidated financial statements. ASU 2021-10 , Government Assistance (Topic 832) Disclosures by Business Entities about Government Assistance Amendment improves the transparency of disclosures about government assistance received by business entities by requiring annual disclosure of: (1) the types of government assistance received; (2) the accounting for such assistance; and (3) the effect of the assistance on a business entity’s financial statements. 1/1/2022 We adopted this new standard on a prospective basis. This new guidance will be effective for our Annual Report on Form 10-K for the year ending December 31, 2022, whereby we will expand our disclosures within the scope of this new standard that are reflected in the financial statements as of the adoption date. We do not expect this new standard to have a material impact our consolidated financial statements or related disclosures.
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: June 30, December 31, (in thousands) 2022 2021 Cash and cash equivalents $ 54,516 $ 61,600 Restricted cash included in other current assets 5,424 2,703 Cash, cash equivalents, and restricted cash shown in the statement of cash flows $ 59,940 $ 64,303

Revenue and Related Contract _2

Revenue and Related Contract Costs and Contract Liabilities (Tables)	6 Months Ended
	Jun. 30, 2022
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, 2021 $ 39,662 Cash additions 93,013 Revenue recognized ( 58,618 ) Foreign exchange translation adjustment ( 7,121 ) Balance at June 30, 2022 $ 66,936
Summary of Changes in Contract Costs	Changes to contract costs are as follows: (in thousands) Balance at December 31, 2021 $ 13,790 Additions 32,034 Expenses ( 20,584 ) Foreign exchange translation adjustment ( 485 ) Balance at June 30, 2022 $ 24,755
Disaggregate GES and Pursuit Revenue by Major Product Line Timing of Revenue Recognition and Markets Served	The following tables disaggregate Pursuit and GES revenue by major service and product lines, timing of revenue recognition, and markets served: Pursuit During the first quarter of 2022, we reallocated certain ancillary revenue presented in Pursuit’s services revenue to better align with how we analyze revenue and depict the nature of revenue. All prior periods have been reclassified to conform to this new presentation. Three Months Ended Six Months Ended June 30, June 30, (in thousands) 2022 2021 2022 2021 Services: Ticket revenue $ 29,337 $ 10,105 $ 38,539 $ 11,589 Rooms revenue 20,559 11,370 27,462 16,139 Transportation 3,755 923 4,934 1,460 Other 3,017 2,547 4,387 3,642 Total services revenue 56,668 24,945 75,322 32,830 Products: Food and beverage 12,171 5,899 16,264 7,123 Retail operations 8,760 5,469 9,797 6,150 Total products revenue 20,931 11,368 26,061 13,273 Total revenue $ 77,599 $ 36,313 $ 101,383 $ 46,103 Timing of revenue recognition: Services transferred over time $ 56,668 $ 24,945 $ 75,322 $ 32,830 Products transferred at a point in time 20,931 11,368 26,061 13,273 Total revenue $ 77,599 $ 36,313 $ 101,383 $ 46,103 Markets: Banff Jasper Collection $ 38,962 $ 10,658 $ 53,292 $ 19,118 Alaska Collection 13,319 11,058 13,816 11,347 Glacier Park Collection 13,581 10,968 14,590 11,546 FlyOver 5,870 735 10,009 1,198 Sky Lagoon 5,867 2,894 9,676 2,894 Total revenue $ 77,599 $ 36,313 $ 101,383 $ 46,103 GES During the first quarter of 2022, we changed our segment reporting as a result of operational changes and how our CODM reviews the financial performance of GES and makes decisions regarding the allocation of resources. Accordingly, GES’ new reportable segments are Spiro and GES Exhibitions. As a result, we changed certain items in the following disaggregation of revenue table. All prior periods have been reclassified to conform to the new reporting structure. Three Months Ended Six Months Ended June 30, June 30, (in thousands) 2022 2021 2022 2021 Service lines: Spiro $ 89,425 $ 11,944 $ 132,241 $ 24,003 GES Exhibitions 154,600 13,057 266,431 20,209 Intersegment eliminations ( 2,421 ) ( 81 ) ( 3,492 ) ( 147 ) Total revenue $ 241,604 $ 24,920 $ 395,180 $ 44,065 Timing of revenue recognition: Services transferred over time $ 197,464 $ 21,361 $ 329,947 $ 38,376 Products transferred over time (1) 16,025 733 23,963 1,150 Products transferred at a point in time 28,115 2,826 41,270 4,539 Total revenue $ 241,604 $ 24,920 $ 395,180 $ 44,065 Geographical markets: North America $ 189,670 $ 19,472 $ 318,697 $ 35,330 EMEA 58,534 6,074 84,347 9,977 Intersegment eliminations ( 6,600 ) ( 626 ) ( 7,864 ) ( 1,242 ) Total revenue $ 241,604 $ 24,920 $ 395,180 $ 44,065 (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.

Share-Based Compensation (Table

Share-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2022
Share-Based Payment Arrangement [Abstract]
Summary of Share-Based Compensation (income) expense	The following table summarizes share-based compensation expense: Three Months Ended Six Months Ended June 30, June 30, (in thousands) 2022 2021 2022 2021 Performance-based restricted stock units $ 705 $ 466 $ 719 $ 606 Restricted stock awards and restricted stock units 1,787 1,436 3,349 2,680 Stock options 811 551 1,401 930 Share-based compensation expense before income tax 3,303 2,453 5,469 4,216 Income tax benefit (1) ( 30 ) ( 28 ) ( 47 ) ( 55 ) Share-based compensation expense, net of income tax $ 3,273 $ 2,425 $ 5,422 $ 4,161 (1) The 2022 and 2021 income tax benefit amount primarily reflects the tax benefit associated with our Canadian-based employees.

Acquisitions (Tables)

Acquisitions (Tables)	6 Months Ended
	Jun. 30, 2022
Business Combinations [Abstract]
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	The following table summarizes the preliminary allocation of the fair value of the assets acquired and liabilities assumed at the date of acquisition. Due to the recent timing of the acquisition, the purchase price allocation is not yet finalized and is subject to change within the measurement period (up to one year from the acquisition date). (in thousands) Purchase price paid as: Cash $ 26,507 Working capital adjustment ( 961 ) Purchase price adjustment 125 Cash acquired ( 177 ) Purchase price, net of cash acquired 25,494 Fair value of net assets acquired: Inventory 370 Prepaid expenses and other 57 Property and equipment 6,487 Intangible assets 3,400 Total assets acquired 10,314 Customer deposits 1,575 Other current liabilities 32 Total liabilities assumed 1,607 Total fair value of net assets acquired 8,707 Excess purchase price over fair value of net assets acquired (“goodwill”) $ 16,787
Schedule of Purchase Price Allocated to Intangible Assets Acquired	Following are details of the purchase price allocated to the intangible assets acquired for the Glacier Raft Company: (in thousands) Amount Weighted Average Life Customer relationships $ 1,800 12 years Operating licenses 1,300 17 years Trade name 300 8 years Total $ 3,400 13.6 years

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Jun. 30, 2022
Inventory Disclosure [Abstract]
Components of Inventories	The components of inventories consisted of the following: June 30, December 31, (in thousands) 2022 2021 Raw materials $ 1,595 $ 2,350 Finished goods 13,345 6,231 Inventories $ 14,940 $ 8,581

Other Current Assets (Tables)

Other Current Assets (Tables)	6 Months Ended
	Jun. 30, 2022
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Schedule of Other Current Assets	Other current assets consisted of the following: June 30, December 31, (in thousands) 2022 2021 Restricted cash $ 5,424 $ 2,703 Prepaid software maintenance 5,153 4,154 Income tax receivable 2,994 1,901 Prepaid vendor payments 1,705 1,604 Prepaid taxes 311 456 Prepaid other 1,698 1,165 Other 1,517 2,097 Other current assets $ 18,802 $ 14,080

Property and Equipment (Tables)

Property and Equipment (Tables)	6 Months Ended
	Jun. 30, 2022
Property, Plant and Equipment [Abstract]
Schedule of Property and Equipment	Property and equipment consisted of the following: June 30, December 31, (in thousands) 2022 2021 Land and land interests $ 31,316 $ 30,532 Buildings and leasehold improvements 408,114 407,930 Equipment and other 436,076 413,684 Gross property and equipment 875,506 852,146 Accumulated depreciation ( 378,428 ) ( 364,060 ) Property and equipment, net (excluding finance leases) 497,078 488,086 Finance lease ROU assets, net 62,101 61,022 Property and equipment, net $ 559,179 $ 549,108

Other Investments and Assets (T

Other Investments and Assets (Tables)	6 Months Ended
	Jun. 30, 2022
Investments, All Other Investments [Abstract]
Summary of Other Investments and Assets	Other investments and assets consisted of the following: June 30, December 31, (in thousands) 2022 2021 Self-insured liability receivable $ 6,847 $ 6,847 Other mutual funds 3,459 4,057 Contract costs 2,453 2,685 Other 2,928 3,129 Other investments and assets $ 15,687 $ 16,718

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 2022
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, 2021 $ 112,078 Business acquisition 16,787 Foreign currency translation adjustments ( 1,988 ) Balance at June 30, 2022 $ 126,877
Summary of Other Intangible Assets	Other intangible assets consisted of the following: June 30, 2022 December 31, 2021 (in thousands) Useful Life Gross Accumulated Net Gross Accumulated Net Intangible assets subject to amortization: Customer contracts and relationships 7.2 $ 37,485 $ ( 28,764 ) $ 8,721 $ 36,848 $ ( 28,372 ) $ 8,476 Operating contracts and licenses 34.6 41,444 ( 3,113 ) 38,331 40,927 ( 2,660 ) 38,267 In-place lease 34.3 15,183 ( 1,280 ) 13,903 15,464 ( 1,084 ) 14,380 Tradenames 4.3 5,823 ( 3,128 ) 2,695 5,626 ( 2,819 ) 2,807 Other 5.7 810 ( 154 ) 656 824 ( 139 ) 685 Total amortized intangible assets 100,745 ( 36,439 ) 64,306 99,689 ( 35,074 ) 64,615 Indefinite-lived intangible assets: Business licenses 572 — 572 574 — 574 Other intangible assets, net $ 101,317 $ ( 36,439 ) $ 64,878 $ 100,263 $ ( 35,074 ) $ 65,189
Estimated Future Amortization Expense Related to Intangible Assets Subject to Amortization	At June 30, 2022, the estimated future amortization expense related to intangible assets subject to amortization is as follows: (in thousands) Year ending December 31, Remainder of 2022 $ 2,686 2023 4,710 2024 3,746 2025 2,439 2026 2,404 Thereafter 48,321 Total $ 64,306

Other Current Liabilities (Tabl

Other Current Liabilities (Tables)	6 Months Ended
	Jun. 30, 2022
Other Liabilities, Current [Abstract]
Other Current Liabilities	Other current liabilities consisted of the following: June 30, December 31, (in thousands) 2022 2021 Continuing operations: Commissions payable $ 9,786 $ 4,119 Accommodation service deposits 9,420 892 Accrued sales and use taxes 8,688 3,428 Self-insured liability 5,428 4,815 Accrued employee benefit costs 4,188 4,164 Accrued concession fees 3,089 964 Accrued professional fees 1,310 1,671 Current portion of pension and postretirement liabilities 1,457 1,637 Accrued restructuring 628 864 Accrued interest payable 233 228 Other taxes 1,252 1,042 Other 4,509 3,999 Total continuing operations 49,988 27,823 Discontinued operations: Self-insured liability 354 312 Environmental remediation liabilities 52 60 Other 94 94 Total discontinued operations 500 466 Total other current liabilities $ 50,488 $ 28,289

Other Deferred Items and Liab_2

Other Deferred Items and Liabilities (Tables)	6 Months Ended
	Jun. 30, 2022
Other Liabilities Disclosure [Abstract]
Summary of Other Deferred Items and Liabilities	Other deferred items and liabilities consisted of the following: June 30, December 31, (in thousands) 2022 2021 Continuing operations: Foreign deferred tax liability $ 28,636 $ 27,748 Multi-employer pension plan withdrawal liability 14,041 14,260 Self-insured excess liability 6,847 6,847 Self-insured liability 4,944 5,119 Accrued compensation 4,708 5,696 Accrued restructuring 2,629 2,571 Other 3,144 2,758 Total continuing operations 64,949 64,999 Discontinued operations: Environmental remediation liabilities 2,176 2,168 Self-insured liability 1,428 1,535 Other 250 251 Total discontinued operations 3,854 3,954 Total other deferred items and liabilities $ 68,803 $ 68,953

Debt and Finance Lease Obliga_2

Debt and Finance Lease Obligations (Tables)	6 Months Ended
	Jun. 30, 2022
Debt Disclosure [Abstract]
Schedule of Debt and Finance Lease Obligations	The components of debt and finance obligations consisted of the following: June 30, December 31, (in thousands, except interest rates) 2022 2021 2021 Credit Facility - Term Loan B, 6.1 % interest rate at June 30, 2022 and 5.5 % at December 31, 2021, due through 2028 (1) $ 397,000 $ 399,000 2021 Credit Facility - Revolving Credit Facility, 7.3 % weighted-average interest rate at June 30, 2022, due through 2026 (1) 15,000 — Forest Park Hotel Construction Loan Facility, 4.8 % interest rate at June 30, 2022, due through 2027 (1) 8,634 — FlyOver Iceland Credit Facility, 4.9 % interest rate at June 30, 2022 and December 31, 2021, due through 2025 (1) 5,123 5,566 FlyOver Iceland Term Loans, 8.6 % weighted-average interest rate at June 30, 2022 and 3.8 % at December 31, 2021, due through 2024 (1) 679 689 Less unamortized debt issuance costs ( 13,864 ) ( 14,804 ) Total debt 412,572 390,451 Finance lease obligations, 9.1 % weighted-average interest rate at June 30, 2022 and December 31, 2021, due through 2067 64,895 63,401 Financing arrangements 966 5,528 Total debt and finance obligations (2)(3) 478,433 459,380 Current portion ( 9,144 ) ( 12,800 ) Long-term debt and finance obligations $ 469,289 $ 446,580 (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 estimated fair value of total debt and finance leases was $ 340.8 million as of June 30, 2022 and $ 328.9 million as of December 31, 2021 . 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 . (3) Cash paid for interest on debt was $ 14.6 million during the six months ended June 30, 2022 and $ 10.3 million during the six months ended June 30, 2021 .

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2022
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) June 30, 2022 Quoted Prices Significant Significant Assets: Money market funds (1) $ — $ — $ — $ — Other mutual funds (2) 3,459 3,459 — — Total assets at fair value on a recurring basis $ 3,459 $ 3,459 $ — $ — Fair Value Measurements at Reporting Date Using (in thousands) December 31, 2021 Quoted Prices Significant Significant Assets: Money market funds (1) $ 11,003 $ 11,003 $ — $ — Other mutual funds (2) 4,057 4,057 — — Total assets at fair value on a recurring basis $ 15,060 $ 15,060 $ — $ — (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.

Loss Per Share (Tables)

Loss Per Share (Tables)	6 Months Ended
	Jun. 30, 2022
Earnings Per Share [Abstract]
Reconciliation of Basic and Diluted Loss Per Share	The components of basic and diluted loss per share are as follows: Three Months Ended Six Months Ended June 30, June 30, (in thousands, except per share data) 2022 2021 2022 2021 Net income (loss) attributable to Viad $ 19,839 $ ( 42,026 ) $ ( 9,162 ) $ ( 85,178 ) Less: Allocation to participating securities ( 4,293 ) — — — Convertible preferred stock dividends paid in cash ( 1,950 ) — ( 3,900 ) — Convertible preferred stock dividends paid in kind — ( 1,923 ) — ( 3,821 ) Adjustment to the redemption value of redeemable noncontrolling interest ( 412 ) ( 547 ) ( 763 ) ( 603 ) Net income (loss) allocated to Viad common stockholders (basic) $ 13,184 $ ( 44,496 ) $ ( 13,825 ) $ ( 89,602 ) Add: Allocation to participating securities 25 — — — Net income (loss) allocated to Viad common stockholders (diluted) $ 13,209 $ ( 44,496 ) $ ( 13,825 ) $ ( 89,602 ) Basic weighted-average outstanding common shares 20,571 20,397 20,544 20,384 Additional dilutive shares related to share-based compensation 160 — — — Diluted weighted-average outstanding shares 20,731 20,397 20,544 20,384 Income (loss) per share: Basic income (loss) attributable to Viad common stockholders $ 0.64 $ ( 2.18 ) $ ( 0.67 ) $ ( 4.40 ) Diluted income (loss) attributable to Viad common stockholders (1) $ 0.64 $ ( 2.18 ) $ ( 0.67 ) $ ( 4.40 )
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 Six Months Ended June 30, June 30, (in thousands) 2022 2021 2022 2021 Convertible preferred stock — 6,583 6,674 6,539 Unvested restricted share-based awards 17 161 168 172 Unvested performance share-based awards 33 34 51 23 Stock options 372 250 277 204

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Loss) (Tables)	6 Months Ended
	Jun. 30, 2022
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, 2021 $ ( 16,162 ) $ ( 11,267 ) $ ( 27,429 ) Other comprehensive income before reclassifications ( 8,131 ) — ( 8,131 ) Amounts reclassified from AOCI, net of tax — 466 466 Net other comprehensive income (loss) ( 8,131 ) 466 ( 7,665 ) Balance at June 30, 2022 $ ( 24,293 ) $ ( 10,801 ) $ ( 35,094 ) (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 loss before reclassifications 7,654 — 7,654 Amounts reclassified from AOCI, net of tax — 122 122 Net other comprehensive income 7,654 122 7,776 Balance at June 30, 2021 $ ( 9,032 ) $ ( 13,833 ) $ ( 22,865 )

Pension and Postretirement Be_2

Pension and Postretirement Benefits (Tables)	6 Months Ended
	Jun. 30, 2022
Retirement Benefits [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 June 30, 2022 and 2021 consist of the following: Domestic Plans Pension Plans Postretirement Benefit Plans Foreign Pension Plans (in thousands) 2022 2021 2022 2021 2022 2021 Service cost $ — $ — $ 10 $ 15 $ 76 $ 117 Interest cost 125 91 54 40 79 80 Expected return on plan assets 51 12 — — ( 98 ) ( 130 ) Amortization of prior service credit — — 22 ( 2 ) — — Recognized net actuarial loss 134 159 23 42 36 50 Net periodic benefit cost $ 310 $ 262 $ 109 $ 95 $ 93 $ 117 Settlement cost $ — $ — $ — $ — $ — $ — Total expenses $ 310 $ 262 $ 109 $ 95 $ 93 $ 117 The components of net periodic benefit cost of our pension and postretirement benefit plans for the six months ended June 30, 2022 and 2021 consist of the following: Domestic Plans Pension Plans Postretirement Benefit Plans Foreign Pension Plans (in thousands) 2022 2021 2022 2021 2022 2021 Service cost $ — $ — $ 20 $ 28 $ 161 $ 230 Interest cost 250 205 108 95 167 156 Expected return on plan assets 49 ( 15 ) — — ( 223 ) ( 255 ) Amortization of prior service credit — — 44 ( 3 ) — — Recognized net actuarial loss 268 310 46 98 71 99 Net periodic benefit cost $ 567 $ 500 $ 218 $ 218 $ 176 $ 230 Settlement cost $ 115 $ — $ — $ — $ 533 $ — Total expenses $ 682 $ 500 $ 218 $ 218 $ 709 $ 230

Restructuring Charges (Tables)

Restructuring Charges (Tables)	6 Months Ended
	Jun. 30, 2022
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, 2021 $ 1,976 $ 1,433 $ 26 $ 3,435 Restructuring charges 377 1,673 30 2,080 Cash payments ( 316 ) ( 719 ) ( 83 ) ( 1,118 ) Non-cash items (1) ( 355 ) ( 812 ) — ( 1,167 ) Adjustment to liability ( 2 ) ( 10 ) 39 27 Balance at June 30, 2022 $ 1,680 $ 1,565 $ 12 $ 3,257 (1) Represents non-cash adjustments related to a write-down of certain ROU assets and leasehold improvements as a result of vacating certain facilities during the first quarter of 2022 prior to the lease term.

Leases and Other (Tables)

Leases and Other (Tables)	6 Months Ended
	Jun. 30, 2022
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: June 30, December 31, (in thousands) Classification on the Condensed Consolidated Balance Sheet 2022 2021 Assets: Operating lease assets Operating lease ROU assets $ 99,644 $ 95,915 Finance lease assets Property and equipment, net 62,101 61,022 Total lease assets $ 161,745 $ 156,937 Liabilities: Current: Operating lease obligations Operating lease obligations $ 13,285 $ 12,451 Finance lease obligations Current portion of debt and finance obligations 2,899 2,928 Noncurrent: Operating lease obligations Long-term operating lease obligations 97,277 93,406 Finance lease obligations Long-term debt and finance obligations 61,996 60,473 Total lease liabilities $ 175,457 $ 169,258
Components of Lease Expense	The components of lease expense consisted of the following: Three Months Ended Six Months Ended June 30, June 30, (in thousands) 2022 2021 2022 2021 Finance lease cost: Amortization of ROU assets $ 1,045 $ 1,068 $ 2,096 $ 2,138 Interest on lease liabilities 1,467 1,473 2,902 2,788 Operating lease cost 6,204 5,893 12,026 12,163 Short-term lease cost 749 198 1,113 459 Variable lease cost 1,532 1,092 2,546 2,034 Total lease cost, net $ 10,997 $ 9,724 $ 20,683 $ 19,582
Schedule of Other Information Related to Operating and Finance Leases	Other information related to operating and finance leases are as follows: Three Months Ended Six Months Ended June 30, June 30, (in thousands) 2022 2021 2022 2021 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 6,069 $ 6,460 $ 11,867 $ 12,613 Operating cash flows from finance leases $ 1,499 $ 933 $ 2,966 $ 1,207 Financing cash flows from finance leases $ 873 $ 684 $ 1,597 $ 1,394 ROU assets obtained in exchange for lease obligations: Operating leases $ 1,380 $ 12,636 $ 10,711 $ 18,935 Finance leases 1,217 — $ 4,324 $ 41,709 June 30, December 31, 2022 2021 Weighted-average remaining lease term (years): Operating leases 8.60 8.54 Finance leases 33.76 34.95 Weighted-average discount rate: Operating leases 7.00 % 6.86 % Finance leases 9.08 % 9.06 %
Schedule of Estimated Future Minimum Lease Payments Under Non-cancellable Leases Excluding Variable Leases and Variable Non-lease Components	As of June 30, 2022, 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 2022 $ 11,029 $ 4,759 $ 15,788 2023 20,921 8,630 29,551 2024 18,894 7,554 26,448 2025 17,636 6,785 24,421 2026 17,266 6,527 23,793 Thereafter 69,123 185,673 254,796 Total future lease payments 154,869 219,928 374,797 Less: Amount representing interest ( 44,307 ) ( 155,033 ) ( 199,340 ) Present value of minimum lease payments 110,562 64,895 175,457 Current portion 13,285 2,899 16,184 Long-term portion $ 97,277 $ 61,996 $ 159,273
Schedule of Estimated Future Minimum Rentals Under Non-cancellable Leases	As of June 30, 2022, the estimated future minimum rental income under non-cancellable leases, which includes rental income from facilities that we own, are as follows: (in thousands) Remainder of 2022 $ 748 2023 1,229 2024 990 2025 836 2026 682 Thereafter 936 Total minimum rents $ 5,421 Lease Not Yet Commenced As of June 30, 2022, we had executed three facility leases for which we did not have control of the underlying assets. Accordingly, we did not record the lease liabilities and ROU assets on our Condensed Consolidated Balance Sheets. One of these leases is for the new FlyOver attraction, FlyOver Canada Toronto. We expect the lease commencement date for FlyOver Canada Toronto to begin in early 2023 with a lease term of 20 years.

Noncontrolling Interest _ Red_2

Noncontrolling Interest – Redeemable and Non-redeemable (Tables)	6 Months Ended
	Jun. 30, 2022
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, 2021 $ 5,444 Net loss attributable to redeemable noncontrolling interest ( 266 ) Adjustment to the redemption value 763 Foreign currency translation adjustment ( 118 ) Balance at June 30, 2022 $ 5,823 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, 2021 $ 15,315 $ 58,601 $ 11,640 $ 85,556 Net income (loss) attributable to non-redeemable noncontrolling interest ( 721 ) 68 ( 100 ) ( 753 ) Distributions to non-controlling interests — ( 570 ) — ( 570 ) Foreign currency translation adjustments ( 3 ) ( 1,050 ) ( 224 ) ( 1,277 ) Balance at June 30, 2022 $ 14,591 $ 57,049 $ 11,316 $ 82,956 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)	6 Months Ended
	Jun. 30, 2022
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 Six Months Ended June 30, June 30, (in thousands) 2022 2021 2022 2021 Revenue: Pursuit $ 77,599 $ 36,313 $ 101,383 $ 46,103 GES: Spiro 89,425 11,944 132,241 24,003 GES Exhibitions 154,600 13,057 266,431 20,209 GES intersegment eliminations ( 2,421 ) ( 81 ) ( 3,492 ) ( 147 ) Total GES 241,604 24,920 395,180 44,065 Total revenue $ 319,203 $ 61,233 $ 496,563 $ 90,168 Segment operating income (loss): Pursuit $ 5,571 $ ( 8,097 ) $ ( 15,627 ) $ ( 26,418 ) GES: Spiro 14,847 ( 7,211 ) 14,608 ( 14,380 ) GES Exhibitions 16,273 ( 19,686 ) 14,918 ( 32,421 ) Total GES 31,120 ( 26,897 ) 29,526 ( 46,801 ) Segment operating income (loss) 36,691 ( 34,994 ) 13,899 ( 73,219 ) Corporate eliminations (1) 17 18 34 35 Corporate activities ( 3,440 ) ( 3,006 ) ( 6,113 ) ( 5,011 ) Interest expense, net ( 7,761 ) ( 5,565 ) ( 13,638 ) ( 10,650 ) Multi-employer pension plan withdrawal — ( 57 ) — ( 57 ) Other expense, net ( 612 ) ( 680 ) ( 1,250 ) ( 1,040 ) Restructuring charges: Pursuit — — — ( 23 ) Spiro ( 808 ) ( 126 ) ( 1,226 ) ( 176 ) GES Exhibitions ( 588 ) ( 661 ) ( 824 ) ( 3,394 ) Corporate ( 30 ) — ( 30 ) ( 20 ) Impairment charges: GES Exhibitions — — ( 583 ) — Income (loss) from continuing operations before income taxes $ 23,469 $ ( 45,071 ) $ ( 9,731 ) $ ( 93,555 ) (1) Corporate eliminations represent the elimination of depreciation expense recorded by Pursuit associated with previously eliminated intercompany profit realized by GES for renovations to Pursuit’s Banff Gondola.
Reconciliation of assets from reportable segments	Additional information of our reportable segments is as follows: Three Months Ended Six Months Ended June 30, June 30, June 30, (in thousands) 2022 2021 2022 2021 Depreciation: Pursuit $ 7,866 $ 6,546 $ 15,648 $ 13,003 Spiro 852 1,032 1,781 2,529 GES Exhibitions 2,070 3,084 4,361 6,020 Corporate 14 12 18 24 $ 10,802 $ 10,674 $ 21,808 $ 21,576 Amortization: Pursuit $ 1,316 $ 1,439 $ 2,495 $ 2,469 Spiro 51 122 103 252 GES Exhibitions 1,038 1,098 2,080 2,213 $ 2,405 $ 2,659 $ 4,678 $ 4,934 Capital expenditures: Pursuit $ 17,219 $ 14,396 $ 28,710 $ 23,619 Spiro 442 146 586 294 GES Exhibitions 1,383 702 2,248 702 Corporate and other 25 148 95 148 $ 19,069 $ 15,392 $ 31,639 $ 24,763

Overview and Basis of Present_4

Overview and Basis of Presentation - Narrative (Details)	6 Months Ended
	Jun. 30, 2022 Segment
Overview And Summary Of Significant Accounting Policies [Line Items]
Percentage of non equity ownership related redeemable noncontrolling interests	56.40%
Remaining maturities of highly-liquid investments	three months or less
Number of reportable segments	3
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

Overview and Basis of Present_5

Overview and Basis of Presentation - Schedule of Cash and Cash Equivalents and Restricted Cash Balances (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021	Jun. 30, 2021	Dec. 31, 2020
Cash and Cash Equivalents [Abstract]
Cash and cash equivalents	$ 54,516	$ 61,600
Restricted cash included in other current assets	$ 5,424	$ 2,703
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	$ 59,940	$ 64,303	$ 39,992	$ 41,971

Revenue and Related Contract _3

Revenue and Related Contract Costs and Contract Liabilities - Narrative (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
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	$ 200,000		$ 200,000
Capitalized contract costs to fulfill contracts	24,600,000		24,600,000
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.

Revenue and Related Contract _4

Revenue and Related Contract Costs and Contract Liabilities - Summary of Changes in Contract Liabilities (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2022 USD ($)
Revenue from Contract with Customer [Abstract]
Balance at December 31, 2021	$ 39,662
Cash additions	93,013
Revenue recognized	(58,618)
Foreign exchange translation adjustment	(7,121)
Balance at June 30, 2022	$ 66,936

Revenue and Related Contract _5

Revenue and Related Contract Costs and Contract Liabilities - Summary of Changes in Contract Costs (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2022 USD ($)
Revenue from Contract with Customer [Abstract]
Balance at December 31, 2021	$ 13,790
Additions	32,034
Expenses	(20,584)
Foreign exchange translation adjustment	(485)
Balance at June 30, 2022	$ 24,755

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		6 Months Ended
		Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Disaggregation Of Revenue [Line Items]
Total revenue		$ 319,203	$ 61,233	$ 496,563	$ 90,168
GES
Disaggregation Of Revenue [Line Items]
Total revenue		241,604	24,920	395,180	44,065
GES | Intersegment Eliminations
Disaggregation Of Revenue [Line Items]
Total revenue		(6,600)	(626)	(7,864)	(1,242)
Pursuit
Disaggregation Of Revenue [Line Items]
Total revenue		77,599	36,313	101,383	46,103
Pursuit | Operating Segments
Disaggregation Of Revenue [Line Items]
Total revenue		77,599	36,313	101,383	46,103
North America | GES
Disaggregation Of Revenue [Line Items]
Total revenue		189,670	19,472	318,697	35,330
EMEA | GES
Disaggregation Of Revenue [Line Items]
Total revenue		58,534	6,074	84,347	9,977
Services Transferred Over Time | GES
Disaggregation Of Revenue [Line Items]
Total revenue		197,464	21,361	329,947	38,376
Services Transferred Over Time | Pursuit
Disaggregation Of Revenue [Line Items]
Total revenue		56,668	24,945	75,322	32,830
Products Transferred Over Time | GES
Disaggregation Of Revenue [Line Items]
Total revenue	[1]	16,025	733	23,963	1,150
Products Transferred at a Point in Time | GES
Disaggregation Of Revenue [Line Items]
Total revenue		28,115	2,826	41,270	4,539
Products Transferred at a Point in Time | Pursuit
Disaggregation Of Revenue [Line Items]
Total revenue		20,931	11,368	26,061	13,273
Ticket revenue [Member] | Pursuit
Disaggregation Of Revenue [Line Items]
Total revenue		29,337	10,105	38,539	11,589
Rooms revenue [Member] | Pursuit
Disaggregation Of Revenue [Line Items]
Total revenue		20,559	11,370	27,462	16,139
Other | Pursuit
Disaggregation Of Revenue [Line Items]
Total revenue		3,017	2,547	4,387	3,642
Transportation | Pursuit
Disaggregation Of Revenue [Line Items]
Total revenue		3,755	923	4,934	1,460
Total Services | Pursuit
Disaggregation Of Revenue [Line Items]
Total revenue		56,668	24,945	75,322	32,830
Food and Beverage | Pursuit
Disaggregation Of Revenue [Line Items]
Total revenue		12,171	5,899	16,264	7,123
Retail Operations | Pursuit
Disaggregation Of Revenue [Line Items]
Total revenue		8,760	5,469	9,797	6,150
Total Products Revenue
Disaggregation Of Revenue [Line Items]
Total revenue		65,071	14,927	91,294	18,962
Total Products Revenue | Pursuit
Disaggregation Of Revenue [Line Items]
Total revenue		20,931	11,368	26,061	13,273
Banff Jasper Collection | Pursuit
Disaggregation Of Revenue [Line Items]
Total revenue		38,962	10,658	53,292	19,118
Alaska Collection | Pursuit
Disaggregation Of Revenue [Line Items]
Total revenue		13,319	11,058	13,816	11,347
Spiro | GES
Disaggregation Of Revenue [Line Items]
Total revenue		89,425	11,944	132,241	24,003
GES-Exhibitions | GES
Disaggregation Of Revenue [Line Items]
Total revenue		154,600	13,057	266,431	20,209
GES intersegment eliminations | GES
Disaggregation Of Revenue [Line Items]
Total revenue		(2,421)	(81)	(3,492)	(147)
Glacier Park Collection | Pursuit
Disaggregation Of Revenue [Line Items]
Total revenue		13,581	10,968	14,590	11,546
FlyOver | Pursuit
Disaggregation Of Revenue [Line Items]
Total revenue		5,870	735	10,009	1,198
Sky Lagoon | Pursuit
Disaggregation Of Revenue [Line Items]
Total revenue		$ 5,867	$ 2,894	$ 9,676	$ 2,894
[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.

Share-Based Compensation - Narr

Share-Based Compensation - Narrative (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	May 24, 2022
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Repurchase of common stock for employee tax withholding obligations amount	$ 537	$ 601
2017 Plan
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Useful Term of the plan	10 years
Common Stock, Capital Shares Reserved for Future Issuance			840,000
Registered Number of Shares			2,590,000
Common stock shares issuable	1,750,000
Shares available for grant	1,176,507

Share-Based Compensation - Summ

Share-Based Compensation - Summary of Share-Based Compensation (income) expense (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Summary of share-based compensation expense
Share-based compensation expense		$ 3,303	$ 2,453	$ 5,469	$ 4,216
Share-based compensation expense before income tax		3,303	2,453	5,469	4,216
Income tax benefit	[1]	(30)	(28)	(47)	(55)
Share-based compensation expense, net of income tax		3,273	2,425	5,422	4,161
Performance-based Restricted Stock Units
Summary of share-based compensation expense
Share-based compensation expense		705	466	719	606
Share-based compensation expense before income tax		705	466	719	606
Restricted Stock Awards And Restricted Stock Units
Summary of share-based compensation expense
Share-based compensation expense		1,787	1,436	3,349	2,680
Share-based compensation expense before income tax		1,787	1,436	3,349	2,680
Stock Options
Summary of share-based compensation expense
Share-based compensation expense		811	551	1,401	930
Share-based compensation expense before income tax		$ 811	$ 551	$ 1,401	$ 930
[1] The 2022 and 2021 income tax benefit amount primarily reflects the tax benefit associated with our Canadian-based employees.

Acquisitions - Narrative (Detai

Acquisitions - Narrative (Details) $ in Thousands, $ in Millions				6 Months Ended	12 Months Ended
	Apr. 06, 2022 USD ($) Logs	Mar. 18, 2021 USD ($)	Mar. 18, 2021 CAD ($)	Jun. 30, 2022 USD ($)	Dec. 31, 2021 USD ($)
Business Acquisition [Line Items]
Business combination net assets property and equipment		$ 2,200
Business combination net assets noncontrolling interest		6,800
Business combination net assets goodwill		$ 11,800
Glacier Raft
Business Acquisition [Line Items]
Number of log cabins | Logs	13
Business combination net assets property and equipment	$ 6,487
Purchase price	26,507
Glacier Raft | Cash on hand
Business Acquisition [Line Items]
Purchase price	11,500
Glacier Raft | Revolving Credit Facility
Business Acquisition [Line Items]
Purchase price	$ 15,000
Golden Skybridge
Business Acquisition [Line Items]
Business acquisition date		Mar. 18, 2021	Mar. 18, 2021
Percentage of controlling interest acquired		60%
Purchase price		$ 12,000	$ 15
Business acquisition expected open period		2021-06	2021-06
Acquisition related costs				$ 100	$ 400
Golden Skybridge | Development and Start Up Costs
Business Acquisition [Line Items]
Purchase price		$ 4,800	$ 6

Acquisitions - Schedule of Reco

Acquisitions - Schedule of Recognized Identified Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Thousands	Apr. 06, 2022	Jun. 30, 2022	Dec. 31, 2021	Mar. 18, 2021
Business Acquisition [Line Items]
Property and equipment				$ 2,200
Goodwill		$ 126,877	$ 112,078
Glacier Raft [Member]
Business Acquisition [Line Items]
Purchase price	$ 26,507
Working capital adjustment	(961)
Purchase price adjustment	125
Cash acquired	(177)
Purchase price, net of cash acquired	25,494
Inventory	370
Prepaid expenses and other	57
Property and equipment	6,487
Intangible assets	3,400
Total assets acquired	10,314
Customer deposits	1,575
Other current liabilities	32
Total liabilities assumed	1,607
Total fair value of net assets acquired	8,707
Goodwill	$ 16,787

Acquisitions - Schedule of Purc

Acquisitions - Schedule of Purchase Price Allocated to Intangible Assets Acquired (Details) - Glacier Raft [Member] $ in Thousands	6 Months Ended
	Jun. 30, 2022 USD ($)
Business Acquisition [Line Items]
Intangible assets	$ 3,400
Weighted average life	13 years 7 months 6 days
Customer Relationships
Business Acquisition [Line Items]
Intangible assets	$ 1,800
Weighted average life	12 years
Operating Licenses
Business Acquisition [Line Items]
Intangible assets	$ 1,300
Weighted average life	17 years
Tradenames
Business Acquisition [Line Items]
Intangible assets	$ 300
Weighted average life	8 years

Inventories - Components of Inv

Inventories - Components of Inventories (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Components of Inventories
Raw materials	$ 1,595	$ 2,350
Finished goods	13,345	6,231
Inventories	$ 14,940	$ 8,581

Other Current Assets - Schedule

Other Current Assets - Schedule of Other Current Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Restricted cash	$ 5,424	$ 2,703
Prepaid software maintenance	5,153	4,154
Income tax receivable	2,994	1,901
Prepaid vendor payments	1,705	1,604
Prepaid taxes	311	456
Prepaid other	1,698	1,165
Other	1,517	2,097
Other current assets	$ 18,802	$ 14,080

Property and Equipment - Schedu

Property and Equipment - Schedule of Property and Equipment (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Property Plant And Equipment [Line Items]
Gross property and equipment	$ 875,506	$ 852,146
Accumulated depreciation	(378,428)	(364,060)
Property Plant and Equipment Net Excluding Finance Leased Assets, Total	497,078	488,086
Finance lease ROU assets, net	62,101	61,022
Property and equipment, net	559,179	549,108
Land and land interests
Property Plant And Equipment [Line Items]
Gross property and equipment	31,316	30,532
Buildings and leasehold improvements
Property Plant And Equipment [Line Items]
Gross property and equipment	408,114	407,930
Equipment and other
Property Plant And Equipment [Line Items]
Gross property and equipment	$ 436,076	$ 413,684

Property and Equipment - Narrat

Property and Equipment - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Property Plant And Equipment [Line Items]
Depreciation expense	$ 10,802	$ 10,674	$ 21,808	$ 21,576
Property and equipment purchased through accounts payable and accrued liabilities, increased or decreased amount			400	$ 4,200
Capitalized Software
Property Plant And Equipment [Line Items]
Interest Costs Capitalized	$ 700		$ 2,600

Other Investments and Assets -

Other Investments and Assets - Summary of Other Investments and Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Investments, All Other Investments [Abstract]
Self-insured liability receivable	$ 6,847	$ 6,847
Other mutual funds	3,459	4,057
Contract costs	2,453	2,685
Other	2,928	3,129
Other investments and assets	$ 15,687	$ 16,718

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets - Summary of Goodwill Balances by Component and Segment (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2022 USD ($)
Goodwill [Line Items]
Balance, beginning	$ 112,078
Balance, ending	126,877
Pursuit
Goodwill [Line Items]
Balance, beginning	112,078
Business acquisition	16,787
Foreign currency translation adjustments	(1,988)
Balance, ending	$ 126,877

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets - Summary of Other Intangible Assets (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Finite-Lived Intangible Assets, Net [Abstract]
Intangible assets subject to amortization, Gross Carrying Value	$ 100,745	$ 99,689
Intangible assets subject to amortization, Accumulated Amortization	(36,439)	(35,074)
Intangible assets subject to amortization, Net Carrying Value	64,306	64,615
Other intangible assets net, Gross Carrying Value	101,317	100,263
Other intangible assets net, Net Carrying Value	64,878	65,189
Other intangible assets net, Accumulated Amortization	$ (36,439)	(35,074)
Customer contracts and relationships
Finite-Lived Intangible Assets, Net [Abstract]
Intangible assets subject to amortization, Useful Life (Years)	7 years 2 months 12 days
Intangible assets subject to amortization, Gross Carrying Value	$ 37,485	36,848
Intangible assets subject to amortization, Accumulated Amortization	(28,764)	(28,372)
Intangible assets subject to amortization, Net Carrying Value	$ 8,721	8,476
Operating contracts and licenses
Finite-Lived Intangible Assets, Net [Abstract]
Intangible assets subject to amortization, Useful Life (Years)	34 years 7 months 6 days
Intangible assets subject to amortization, Gross Carrying Value	$ 41,444	40,927
Intangible assets subject to amortization, Accumulated Amortization	(3,113)	(2,660)
Intangible assets subject to amortization, Net Carrying Value	$ 38,331	38,267
In-place lease
Finite-Lived Intangible Assets, Net [Abstract]
Intangible assets subject to amortization, Useful Life (Years)	34 years 3 months 18 days
Intangible assets subject to amortization, Gross Carrying Value	$ 15,183	15,464
Intangible assets subject to amortization, Accumulated Amortization	(1,280)	(1,084)
Intangible assets subject to amortization, Net Carrying Value	$ 13,903	14,380
Tradenames
Finite-Lived Intangible Assets, Net [Abstract]
Intangible assets subject to amortization, Useful Life (Years)	4 years 3 months 18 days
Intangible assets subject to amortization, Gross Carrying Value	$ 5,823	5,626
Intangible assets subject to amortization, Accumulated Amortization	(3,128)	(2,819)
Intangible assets subject to amortization, Net Carrying Value	$ 2,695	2,807
Other
Finite-Lived Intangible Assets, Net [Abstract]
Intangible assets subject to amortization, Useful Life (Years)	5 years 8 months 12 days
Intangible assets subject to amortization, Gross Carrying Value	$ 810	824
Intangible assets subject to amortization, Accumulated Amortization	(154)	(139)
Intangible assets subject to amortization, Net Carrying Value	656	685
Business licenses
Finite-Lived Intangible Assets, Net [Abstract]
Intangible assets subject to amortization, Net Carrying Value	572	574
Other intangible assets net, Net Carrying Value	$ 572	$ 574

Goodwill and Other Intangible_5

Goodwill and Other Intangible Assets - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Services
Segment Reporting Information [Line Items]
Intangible asset amortization expense	$ 1.4	$ 1.6	$ 2.6	$ 2.8

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	Jun. 30, 2022	Dec. 31, 2021
Estimated amortization expense related to amortized intangible assets
Remainder of 2022	$ 2,686
2023	4,710
2024	3,746
2025	2,439
2026	2,404
Thereafter	48,321
Intangible assets subject to amortization, Net Carrying Value	$ 64,306	$ 64,615

Other Current Liabilities - Sch

Other Current Liabilities - Schedule of Other Current Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Continuing operations:
Commissions payable	$ 9,786	$ 4,119
Accommodation service deposits	9,420	892
Accrued sales and use taxes	8,688	3,428
Self-insured liability	5,428	4,815
Accrued employee benefit costs	4,188	4,164
Accrued concession fees	3,089	964
Accrued professional fees	1,310	1,671
Current portion of pension and postretirement liabilities	1,457	1,637
Accrued restructuring	628	864
Accrued interest payable	233	228
Other taxes	1,252	1,042
Other	4,509	3,999
Total continuing operations	49,988	27,823
Discontinued operations:
Self-insured liability	354	312
Environmental remediation liabilities	52	60
Other	94	94
Total discontinued operations	500	466
Total other current liabilities	$ 50,488	$ 28,289

Other Deferred Items and Liab_3

Other Deferred Items and Liabilities - Summary of Other Deferred Items and Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Continuing operations:
Foreign deferred tax liability	$ 28,636	$ 27,748
Multi-employer pension plan withdrawal liability	14,041	14,260
Self-insured excess liability	6,847	6,847
Self-insured liability	4,944	5,119
Accrued compensation	4,708	5,696
Accrued restructuring	2,629	2,571
Other	3,144	2,758
Total continuing operations	64,949	64,999
Discontinued operations:
Environmental remediation liabilities	2,176	2,168
Self-insured liability	1,428	1,535
Other	250	251
Total discontinued operations	3,854	3,954
Total other deferred items and liabilities	$ 68,803	$ 68,953

Debt and Finance Lease Obliga_3

Debt and Finance Lease Obligations - Schedule of Debt and Finance Lease Obligations (Details) - USD ($) $ in Thousands		Jun. 30, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Less unamortized debt issuance costs		$ (13,864)	$ (14,804)
Total debt		412,572	390,451
Finance lease obligations, [9.1%] weighted-average interest rate at June 30, 2022 and December 31, 2021, due through 2067		64,895	63,401
Financing arrangements		966	5,528
Total debt and finance lease obligations	[1],[2]	478,433	459,380
Current portion		(9,144)	(12,800)
Long-term debt and finance lease obligations		469,289	446,580
Forest Park Hotel Construction Loan Facility
Debt Instrument [Line Items]
Credit facility	[3]	8,634	0
Fly Over Iceland Term Loan
Debt Instrument [Line Items]
Credit facility	[3]	679	689
2021 Credit Agreement | Revolving Credit Facility
Debt Instrument [Line Items]
Credit facility	[3]	15,000	0
2021 Credit Agreement | Term Loan B
Debt Instrument [Line Items]
Credit facility	[3]	397,000	399,000
2018 Credit Agreement | FlyOver Iceland Credit Facility
Debt Instrument [Line Items]
Credit facility	[3]	$ 5,123	$ 5,566
[1] Cash paid for interest on debt was $ 14.6 million during the six months ended June 30, 2022 and $ 10.3 million during the six months ended June 30, 2021 The estimated fair value of total debt and finance leases was $ 340.8 million as of June 30, 2022 and $ 328.9 million as of December 31, 2021 . 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 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	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	May 17, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Weighted average interest rate on long term debt	9.10%			9.10%
Fair value of debt	$ 340.8			$ 328.9
Cash paid for interest on debt	$ 14.6	$ 10.3
Forest Park Hotel Construction Loan Facility
Debt Instrument [Line Items]
Interest rate on credit facility	4.80%		2.35%
FlyOver Iceland Credit Facility
Debt Instrument [Line Items]
Interest rate on credit facility	4.90%			4.90%
Fly Over Iceland Term Loan
Debt Instrument [Line Items]
Weighted average interest rate on long term debt	8.60%			3.80%
2021 Credit Facility | Revolving Credit Facility
Debt Instrument [Line Items]
Weighted average interest rate on long term debt	7.30%
2021 Credit Facility | Term Loan B
Debt Instrument [Line Items]
Interest rate on credit facility	6.10%			5.50%

Debt and Finance Lease Obliga_5

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

6 Months Ended

12 Months Ended

May 17, 2022 USD ($)

Apr. 06, 2022 USD ($)

Dec. 01, 2021

Jul. 30, 2021 USD ($)

Jun. 30, 2022 USD ($)

Dec. 31, 2020 USD ($)

Dec. 01, 2024

Jun. 30, 2022 CAD ($)

May 17, 2022 CAD ($)

Jan. 01, 2022 USD ($)

Jan. 01, 2022 ISK (kr)

Dec. 31, 2021 USD ($)

Dec. 31, 2020 ISK (kr)

Dec. 29, 2020 ISK (kr)

Oct. 15, 2020 ISK (kr)

Feb. 15, 2019 USD ($)

Feb. 15, 2019 EUR (€)

Line Of Credit Facility [Line Items]

Write off unamortized debt

$ 13,864

$ 14,804

Proceeds from revolving credit facility

$ 15,000

Premium Payment Due Term

12 months

Financial Arrangements Weighted Average Interest Rate

2.70%

2.70%

Revolving Credit Facility

Line Of Credit Facility [Line Items]

Borrowing capacity on line of credit

$ 15,000

Remaining borrowing capacity on line of credit

72,300

Line of credit facility, borrowing

15,000

Line of credit facility maximum borrowing capacity

$ 450,000

Revolving Credit Facility | Borrowings

Line Of Credit Facility [Line Items]

Credit facility

100,000

Forest Park Hotel Construction Loan Facility

Line Of Credit Facility [Line Items]

Maturity date

May 17, 2027

Remaining borrowing capacity on line of credit

4,600

$ 5.9

Credit facility

[1]

$ 8,634

$ 0

Interest rate on credit facility

2.35%

4.80%

4.80%

2.35%

Line of credit facility maximum borrowing capacity

$ 13,300

$ 17

Forest Park Hotel Construction Loan Facility | Subsequent Event

Line Of Credit Facility [Line Items]

Interest rate on credit facility

1.50%

FlyOver Iceland Credit Facility

Line Of Credit Facility [Line Items]

Maturity date

Mar. 01, 2025

Mar. 01, 2022

Debt Instrument, Annual Principal Payment

$ 600

kr 75

Interest rate on credit facility

4.90%

4.90%

4.90%

Line of credit facility maximum borrowing capacity

$ 5,600

€ 5

Line Of Credit Facility Date Of First Required Payment

Dec. 01, 2022

Fly Over Iceland Term Loan

Line Of Credit Facility [Line Items]

Credit facility

[1]

$ 679

$ 689

Line of credit facility maximum borrowing capacity

$ 700

kr 90

2018 Credit Agreement | FlyOver Iceland Credit Facility

Line Of Credit Facility [Line Items]

Credit facility

[1]

5,123

$ 5,566

2021 Credit Facility

Line Of Credit Facility [Line Items]

Commitment fee percentage on line of credit

0.50%

Line of credit facility maximum borrowing capacity

$ 500,000

Loans Proceeds Offset

400,000

Fees

$ 14,800

2021 Credit Facility | Maximum | London Interbank Offered Rate (LIBOR)

Line Of Credit Facility [Line Items]

Interest rate description

LIBOR plus 3.50% with an undrawn fee of 0.50%

2021 Credit Facility | Minimum | London Interbank Offered Rate (LIBOR)

Line Of Credit Facility [Line Items]

Interest rate description

LIBOR plus 2.50% with an undrawn fee of 0.30%

2021 Credit Facility | Revolving Credit Facility

Line Of Credit Facility [Line Items]

Maturity date

Jul. 30, 2026

Minimum liquidity requirement

$ 75,000

Letters of Credit Outstanding

$ 12,700

Line of credit facility maximum borrowing capacity

$ 100,000

2021 Credit Facility | Revolving Credit Facility | London Interbank Offered Rate (LIBOR)

Line Of Credit Facility [Line Items]

Interest rate description

LIBOR plus 3.50%

2021 Credit Facility | Revolving Credit Facility | Maximum

Line Of Credit Facility [Line Items]

Financial covenants leverage ratio step up

4.75%

Leverage ratio

5.25%

Debt covenant, interest coverage ratio

2.50%

2021 Credit Facility | Revolving Credit Facility | Minimum

Line Of Credit Facility [Line Items]

Interest coverage ratio

2%

Leverage ratio

4.50%

Debt covenant, interest coverage ratio

4%

2021 Credit Facility | Term Loan B

Line Of Credit Facility [Line Items]

Borrowing capacity on line of credit

$ 400,000

Maturity date

Jul. 30, 2028

Interest coverage ratio

0%

Line of credit facility, borrowing

$ 400,000

Loans Proceeds Offset

$ 327,000

2021 Credit Facility | Term Loan B | London Interbank Offered Rate (LIBOR)

Line Of Credit Facility [Line Items]

Interest rate description

5.00%, with a LIBOR floor of 0.50%

First Term Loan | Fly Over Iceland Term Loan

Line Of Credit Facility [Line Items]

Maturity date

Apr. 01, 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. 01, 2024

Line of credit facility maximum borrowing capacity | kr

kr 30

Third Term Loan

Line Of Credit Facility [Line Items]

Line Of Term Loan Amendment Description

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.

Third Term Loan | Fly Over Iceland Term Loan

Line Of Credit Facility [Line Items]

Maturity date

Feb. 01, 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) - Fair Value, Measurements, Recurring - USD ($) $ in Thousands		Jun. 30, 2022	Dec. 31, 2021
Fair value information related to assets
Assets		$ 3,459	$ 15,060
Quoted Prices in Active Markets (Level 1)
Fair value information related to assets
Assets		3,459	15,060
Money market funds
Fair value information related to assets
Assets	[1]	0	11,003
Money market funds | Quoted Prices in Active Markets (Level 1)
Fair value information related to assets
Assets	[1]	0	11,003
Other mutual funds
Fair value information related to assets
Assets	[2]	3,459	4,057
Other mutual funds | Quoted Prices in Active Markets (Level 1)
Fair value information related to assets
Assets	[2]	$ 3,459	$ 4,057
[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. 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) $ in Thousands	6 Months Ended
	Jun. 30, 2022 USD ($)
Money market funds
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Realized gains on the investments	$ 0

Loss Per Share - Reconciliation

Loss Per Share - Reconciliation of Basic and Diluted Loss Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended				6 Months Ended
		Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2022	Jun. 30, 2021
Numerator:
Net income (loss) attributable to Viad		$ 19,839		$ (42,026)		$ (9,162)	$ (85,178)
Less: Allocation to participating securities		(4,293)		0		0	0
Dividends on convertible preferred stock		(1,950)	$ (1,950)	(1,923)	$ (1,898)
Adjustment to the redemption value of redeemable noncontrolling interest		(412)		(547)		(763)	(603)
Net income (loss) allocated to Viad common stockholders (basic)		13,184		(44,496)		(13,825)	(89,602)
Add: Allocation to participating securities		25		0		0	0
Net loss allocated to Viad common stockholders (diluted)		$ 13,209		$ (44,496)		$ (13,825)	$ (89,602)
Denominator:
Basic weighted-average outstanding common shares		20,571		20,397		20,544	20,384
Additional dilutive shares related to share-based compensation		160		0		0	0
Diluted weighted-average outstanding shares		20,731		20,397		20,544	20,384
Basic income (loss) attributable to Viad common stockholders		$ 0.64		$ (2.18)		$ (0.67)	$ (4.40)
Basic income (loss) attributable to Viad common stockholders	[1]	$ 0.64		$ (2.18)		$ (0.67)	$ (4.40)
Paid in Cash
Numerator:
Dividends on convertible preferred stock		$ (1,950)		$ 0		$ (3,900)	$ 0
Paid in Kind
Numerator:
Dividends on convertible preferred stock		$ 0		$ (1,923)		$ 0	$ (3,821)
[1] Diluted loss per share amount cannot exceed basic loss per share.

Loss Per Share - Schedule of Ex

Loss Per Share - Schedule of Excluded Weighted-Average Potential Common Shares from Calculations of Diluted Net Income (Loss) Per Common Shares (Details) - shares shares in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Convertible Preferred Stock
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Common stock shares effect would be anti-dilutive	0	6,583	6,674	6,539
Unvested Restricted Share-Based Awards
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Common stock shares effect would be anti-dilutive	17	161	168	172
Unvested Performance Share-based Awards
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Common stock shares effect would be anti-dilutive	33	34	51	23
Stock Options
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Common stock shares effect would be anti-dilutive	372	250	277	204

Common and Preferred Stock - Na

Common and Preferred Stock - Narrative (Details) - USD ($) $ / shares in Units, $ in Millions		6 Months Ended
	Aug. 05, 2020	Jun. 30, 2022	Jun. 30, 2021	Feb. 07, 2019
Class Of Stock [Line Items]
Authorized repurchase of additional shares				500,000
Shares remain available for repurchase		546,283
Convertible Preferred 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 cash		$ 3.9
Redemption value of the preferred stock		$ 141.8	$ 141.8
Crestview Partners | Convertible Preferred 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	$ 1,000
Effect on future earnings offset amount	$ 135
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	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance	$ 91,838	$ 174,099
Ending Balance	75,365	102,567
Cumulative Foreign Currency Translation Adjustments
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance	(16,162)	(16,686)
Other comprehensive income loss before reclassifications	(8,131)	7,654
Net other comprehensive income (loss)	(8,131)	7,654
Ending Balance	(24,293)	(9,032)
Unrecognized Net Actuarial Loss and Prior Service Credit, Net
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance	(11,267)	(13,955)
Amounts reclassified from AOCI, net of tax	466	122
Net other comprehensive income (loss)	466	122
Ending Balance	(10,801)	(13,833)
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance	(27,429)	(30,641)
Other comprehensive income loss before reclassifications	(8,131)	7,654
Amounts reclassified from AOCI, net of tax	466	122
Net other comprehensive income (loss)	(7,665)	7,776
Ending Balance	$ (35,094)	$ (22,865)

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Operating Loss Carryforwards [Line Items]
Effective income tax rate	14.30%	4.80%	8%	5.60%
Federal statutory tax rate	21%	21%	21%	21%
Cash refunds received	$ 0.6	$ 0.3
Paid cash for income taxes			$ 0.8	$ 0.4

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		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Pension Plans
Net periodic benefit cost:
Net periodic benefit cost	$ 310	$ 262	$ 682	$ 500
Total expenses	310	262	682	500
Postretirement Benefit Plans
Net periodic benefit cost:
Net periodic benefit cost	109	95	218	218
Total expenses	109	95	218	218
Domestic Plans | Pension Plans
Net periodic benefit cost:
Service cost	0	0	0	0
Interest cost	125	91	250	205
Expected return on plan assets	51	12	49	(15)
Amortization of prior service credit	0	0	0	0
Recognized net actuarial loss	134	159	268	310
Net periodic benefit cost	310	262	567	500
Settlement cost	0	0	115	0
Total expenses	310	262	567	500
Domestic Plans | Postretirement Benefit Plans
Net periodic benefit cost:
Service cost	10	15	20	28
Interest cost	54	40	108	95
Expected return on plan assets	0	0	0	0
Amortization of prior service credit	22	(2)	44	(3)
Recognized net actuarial loss	23	42	46	98
Net periodic benefit cost	109	95	218	218
Settlement cost	0	0	0	0
Total expenses	109	95	218	218
Foreign Pension Plans
Net periodic benefit cost:
Service cost	76	117	161	230
Interest cost	79	80	167	156
Expected return on plan assets	(98)	(130)	(223)	(255)
Amortization of prior service credit	0	0	0	0
Recognized net actuarial loss	36	50	71	99
Net periodic benefit cost	93	117	176	230
Settlement cost	0	0	533	0
Total expenses	93	117	176	230
Foreign Pension Plans | Pension Plans
Net periodic benefit cost:
Net periodic benefit cost	93	117	709	230
Total expenses	$ 93	$ 117	$ 709	$ 230

Pension and Postretirement Be_4

Pension and Postretirement Benefits - Narrative (Details) $ in Millions	6 Months Ended
	Jun. 30, 2022 USD ($)
Postretirement Benefit Plans
Defined Benefit Plan Disclosure [Line Items]
Amount expected to contribute in postretirement benefit plans	$ 0.8
Pension and Other Postretirement Benefit Contributions	0.3
Funded Plans | Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Amount expected to contribute in funded pension plans	0.9
Pension Contributions	0.4
Unfunded Pension Plans | Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Amount expected to contribute in unfunded pension plans	0.9
Pension Contributions	$ 0.3

Restructuring Charges - Changes

Restructuring Charges - Changes to Restructuring Liability by Major Restructuring Activity (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Restructuring Cost And Reserve [Line Items]
Beginning balance				$ 3,435
Restructuring charges		$ 1,426	$ 787	2,080	$ 3,613
Cash payments				(1,118)
Non-cash items	[1]			(1,167)
Adjustment to liability				(27)
Ending balance		3,257		3,257
GES | Severance & Employee Benefits
Restructuring Cost And Reserve [Line Items]
Beginning balance				1,976
Restructuring charges				377
Cash payments				(316)
Non-cash items	[1]			(355)
Adjustment to liability				(2)
Ending balance		1,680		1,680
GES | Facilities
Restructuring Cost And Reserve [Line Items]
Beginning balance				1,433
Restructuring charges				1,673
Cash payments				(719)
Non-cash items	[1]			812
Adjustment to liability				(10)
Ending balance		1,565		1,565
Other Restructuring | Severance & Employee Benefits
Restructuring Cost And Reserve [Line Items]
Beginning balance				26
Restructuring charges				30
Cash payments				(83)
Adjustment to liability				39
Ending balance		$ 12		$ 12
[1] Represents non-cash adjustments related to a write-down of certain ROU assets and leasehold improvements as a result of vacating certain facilities during the first quarter of 2022 prior to the lease term.

Restructuring Charges - Narrati

Restructuring Charges - Narrative (Details) $ in Millions	Jun. 30, 2022 USD ($)
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	Jun. 30, 2022	Dec. 31, 2021
Lessee Lease Description [Line Items]
Operating lease assets	$ 99,644	$ 95,915
Finance lease assets	62,101	61,022
Total lease assets	161,745	156,937
Operating lease obligations	13,285	12,451
Finance lease obligations	2,899
Operating lease obligations	97,277	93,406
Finance lease obligations	61,996
Total lease liabilities	175,457	169,258
Operating Lease Right-of-Use Assets
Lessee Lease Description [Line Items]
Operating lease assets	99,644	95,915
Property and Equipment, Net
Lessee Lease Description [Line Items]
Finance lease assets	62,101	61,022
Operating Lease Obligations
Lessee Lease Description [Line Items]
Operating lease obligations	13,285	12,451
Current Portion of Debt and Finance Lease Obligations
Lessee Lease Description [Line Items]
Finance lease obligations	2,899	2,928
Long-Term Operating Lease Obligations
Lessee Lease Description [Line Items]
Operating lease obligations	97,277	93,406
Long-Term Debt and Finance Lease Obligations
Lessee Lease Description [Line Items]
Finance lease obligations	$ 61,996	$ 60,473

Leases and Other - Components o

Leases and Other - Components of Least Expenses (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Finance lease cost:
Amortization of ROU assets	$ 1,045	$ 1,068	$ 2,096	$ 2,138
Interest on lease liabilities	1,467	1,473	2,902	2,788
Operating lease cost	6,204	5,893	12,026	12,163
Short-term lease cost	749	198	1,113	459
Variable lease cost	1,532	1,092	2,546	2,034
Total lease cost, net	$ 10,997	$ 9,724	$ 20,683	$ 19,582

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		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$ 6,069	$ 6,460	$ 11,867	$ 12,613
Operating cash flows from finance leases	1,499	933	2,966	1,207
Financing cash flows from finance leases	873	684	1,597	1,394
ROU assets obtained in exchange for lease obligations:
Operating leases	1,380	12,636	10,711	18,935
Finance leases	$ 1,217	$ 0	$ 4,324	$ 41,709
Weighted-average remaining lease term (years):
Operating leases	8 years 7 months 6 days		8 years 7 months 6 days		8 years 6 months 14 days
Finance leases	33 years 9 months 3 days		33 years 9 months 3 days		34 years 11 months 12 days
Weighted-average discount rate:
Operating leases	7%		7%		6.86%
Finance leases	9.08%		9.08%		9.06%

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	Jun. 30, 2022	Dec. 31, 2021
Leases [Abstract]
Remainder of 2022	$ 11,029
2023	20,921
2024	18,894
2025	17,636
2026	17,266
Thereafter	69,123
Total future lease payments	154,869
Less: Amount representing interest	(44,307)
Present value of minimum lease payments	110,562
Current portion	13,285	$ 12,451
Long-term operating lease obligations	97,277	93,406
Remainder of 2022	4,759
2023	8,630
2024	7,554
2025	6,785
2026	6,527
Thereafter	185,673
Total future lease payments	219,928
Less: Amount representing interest	(155,033)
Present value of minimum lease payments	64,895	63,401
Current portion	2,899
Long-term portion	61,996
Remainder of 2022	15,788
2023	29,551
2024	26,448
2025	24,421
2026	23,793
Thereafter	254,796
Total future lease payments	374,797
Less: Amount representing interest	(199,340)
Total operating and finance lease liablities	175,457	$ 169,258
Current portion	16,184
Long-term portion	$ 159,273

Leases and Other - Schedule o_3

Leases and Other - Schedule of Estimated Future Minimum Rentals Under Non-cancellable Leases (Details) $ in Thousands	Jun. 30, 2022 USD ($)
Leases [Abstract]
Remainder of 2022	$ 748
2023	1,229
2024	990
2025	836
2026	682
Thereafter	936
Total minimum rents	$ 5,421

Leases and Other - Narrative (D

Leases and Other - Narrative (Details) - New flyover Attraction [Member]	6 Months Ended
	Jun. 30, 2022
Lessee Lease Description [Line Items]
Operating lease not yet commenced, description	As of June 30, 2022, we had executed three facility leases for which we did not have control of the underlying assets. Accordingly, we did not record the lease liabilities and ROU assets on our Condensed Consolidated Balance Sheets. One of these leases is for the new FlyOver attraction, FlyOver Canada Toronto. We expect the lease commencement date for FlyOver Canada Toronto to begin in early 2023 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		6 Months Ended
	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)	Jun. 30, 2022 USD ($) Agreement	Jun. 30, 2021 USD ($)
Loss Contingencies [Line Items]
Environmental remediation liability	$ 2,200,000		$ 2,200,000
Maximum potential amount of future payments	95,900,000		$ 95,900,000
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	10,400,000		$ 10,400,000
Workers' compensation liability	5,900,000		5,900,000
Self insurance reserve for general and auto	4,500,000		4,500,000
Self insurance reserve on discontinued operations	1,800,000		1,800,000
Estimated employee health benefit claims incurred but not yet reported	1,200,000		1,200,000
Payments for self insurance	1,000,000	$ 900,000	2,600,000	$ 1,100,000
Other Employee-related Liabilities	100,000		100,000
Self insurance reserve in which company is the primary obligor	6,800,000		6,800,000
Self insurance reserve in which company is the primary obligor for workers compensation	6,700,000		6,700,000
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	6 Months Ended
	Jun. 30, 2022	Nov. 03, 2017
Redeemable Noncontrolling Interest [Line Items]
Percentage of non equity ownership related redeemable noncontrolling interests	56.40%
Esja Attractions ehf.
Redeemable Noncontrolling Interest [Line Items]
Percentage of controlling interest acquired		54.50%
Percentage of non equity ownership related redeemable noncontrolling interests	56.40%
EBITDA trailing period	12 months
Redeemable noncontrolling interest conditions	The put option is only exercisable after August 2022 (the “Reference Date”), and in the event 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		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Noncontrolling Interest [Abstract]
Beginning balance			$ 5,444
Net loss attributable to redeemable noncontrolling interest	$ (128)	$ (431)	(266)	$ (925)
Adjustment to the redemption value			763
Foreign currency translation adjustment			(118)
Ending balance	$ 5,823		$ 5,823

Redeemable Noncontrolling Int_3

Redeemable Noncontrolling Interest - Summary of Changes in Non Redeemable Noncontrolling Interest (Details) - USD ($) $ in Thousands		3 Months Ended			6 Months Ended
		Jun. 30, 2022	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2022	Jun. 30, 2021
Minority Interest [Line Items]
Beginning Balance					$ 85,556
Net loss attributable to non-redeemable noncontrolling interest		$ 451	$ (510)		(753)	$ (1,955)
Acquisitions				$ 6,759
Distributions to non-controlling interests					(570)
Foreign currency translation adjustments		(2,014)	$ 1,069		(1,277)	$ 1,819
Ending Balance		82,956			82,956
Glacier Park Inc
Minority Interest [Line Items]
Beginning Balance					15,315
Net loss attributable to non-redeemable noncontrolling interest					(721)
Distributions to non-controlling interests					0
Foreign currency translation adjustments					(3)
Ending Balance		14,591			$ 14,591
Equity ownership interest that we do not own					20%
Brewster
Minority Interest [Line Items]
Beginning Balance	[1]				$ 58,601
Net loss attributable to non-redeemable noncontrolling interest	[1]				68
Distributions to non-controlling interests	[1]				(570)
Foreign currency translation adjustments	[1]				(1,050)
Ending Balance	[1]	57,049			$ 57,049
Equity ownership interest that we do not own	[1]				40%
Sky Lagoon
Minority Interest [Line Items]
Beginning Balance					$ 11,640
Net loss attributable to non-redeemable noncontrolling interest					(100)
Distributions to non-controlling interests					0
Foreign currency translation adjustments					(224)
Ending Balance		$ 11,316			$ 11,316
Equity ownership interest that we do not own					49%
[1] Includes Mountain Park Lodges and our recently acquired Golden Skybridge at Brewster, part of the Banff Jasper Collection.

Segment Information - Reconcili

Segment Information - Reconciliation of Income Statement Items from Reportable Segments (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Reportable segments reconciliations:
Total revenue		$ 319,203	$ 61,233	$ 496,563	$ 90,168
Interest expense, net		(7,761)	(5,565)	(13,638)	(10,650)
Corporate activities		3,440	3,006	6,113	5,011
Multi-employer pension plan withdrawal		0	(57)	0	(57)
Other expense, net		(612)	(680)	(1,250)	(1,040)
Depreciation and amortization				(26,486)	(26,510)
Restructuring charges		(1,426)	(787)	(2,080)	(3,613)
Loss from continuing operations before income taxes		23,469	(45,071)	(9,731)	(93,555)
GES
Reportable segments reconciliations:
Total revenue		241,604	24,920	395,180	44,065
Pursuit
Reportable segments reconciliations:
Total revenue		77,599	36,313	101,383	46,103
Operating Segments
Reportable segments reconciliations:
Segment operating loss		36,691	(34,994)	13,899	(73,219)
Operating Segments | GES
Reportable segments reconciliations:
Segment operating loss		31,120	(26,897)	29,526	(46,801)
Operating Segments | Pursuit
Reportable segments reconciliations:
Total revenue		77,599	36,313	101,383	46,103
Segment operating loss		5,571	(8,097)	(15,627)	(26,418)
Restructuring charges		0	0	0	(23)
Operating Segments | Spiro
Reportable segments reconciliations:
Total revenue		89,425	11,944	132,241	24,003
Segment operating loss		14,847	(7,211)	14,608	(14,380)
Restructuring charges		(808)	(126)	(1,226)	(176)
Operating Segments | GES-Exhibitions
Reportable segments reconciliations:
Total revenue		154,600	13,057	266,431	20,209
Segment operating loss		16,273	(19,686)	14,918	(32,421)
Restructuring charges		(588)	(661)	(824)	(3,394)
Impairment charges		0	0	(583)	0
Operating Segments | GES intersegment eliminations [Member]
Reportable segments reconciliations:
Total revenue		(2,421)	(81)	(3,492)	(147)
Corporate Eliminations
Reportable segments reconciliations:
Segment operating loss	[1]	17	18	34	35
Corporate
Reportable segments reconciliations:
Segment operating loss		(3,440)	(3,006)	(6,113)	(5,011)
Restructuring charges		$ (30)	$ 0	$ (30)	$ (20)
[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.

Segment Information - Reconci_2

Segment Information - Reconciliation of Assets from Reportable Segments (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Segment Reporting Information [Line Items]
Depreciation	$ 10,802	$ 10,674	$ 21,808	$ 21,576
Amortization	2,405	2,659	4,678	4,934
Capital expenditures	19,069	15,392	31,639	24,763
Pursuit
Segment Reporting Information [Line Items]
Depreciation	7,866	6,546	15,648	13,003
Amortization	1,316	1,439	2,495	2,469
Capital expenditures	17,219	14,396	28,710	23,619
Spiro
Segment Reporting Information [Line Items]
Depreciation	852	1,032	1,781	2,529
Amortization	51	122	103	252
Capital expenditures	442	146	586	294
GES-Exhibitions
Segment Reporting Information [Line Items]
Depreciation	2,070	3,084	4,361	6,020
Amortization	1,038	1,098	2,080	2,213
Capital expenditures	1,383	702	2,248	702
Corporate And Other
Segment Reporting Information [Line Items]
Capital expenditures	25	148	95	148
Corporate
Segment Reporting Information [Line Items]
Depreciation	$ 14	$ 12	$ 18	$ 24

Subsequent Events - Additional

Subsequent Events - Additional Information (Details) $ in Millions	Apr. 06, 2022 USD ($)
Subsequent Event [Line Items]
Proceeds from revolving credit facility	$ 15