Viad (VVI) 10-Q 5 May 23 2023 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2023	May 02, 2023
Document Information [Line Items]
Entity Registrant Name	Viad Corp
Entity Central Index Key	0000884219
Document Type	10-Q
Document Period End Date	Mar. 31, 2023
Amendment Flag	false
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q1
Current Fiscal Year End Date	--12-31
Entity Incorporation, State or Country Code	DE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Shell Company	false
Entity Small Business	false
Entity Emerging Growth Company	false
Entity File Number	001-11015
Entity Tax Identification Number	36-1169950
Entity Address, Address Line One	7000 East 1st Avenue
Entity Address, City or Town	Scottsdale
Entity Address, State or Province	AZ
Entity Address, Postal Zip Code	85251-4304
City Area Code	602
Local Phone Number	207-1000
Entity Common Stock, Shares Outstanding		20,833,353
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	Mar. 31, 2023	Dec. 31, 2022
Current assets
Cash and cash equivalents	$ 50,818	$ 59,719
Accounts receivable, net of allowances for doubtful accounts of $2,878 and $2,174, respectively	133,708	122,373
Inventories	11,703	10,785
Current contract costs	21,413	14,331
Prepaid insurance	10,699	13,370
Other current assets	21,036	18,977
Total current assets	249,377	239,555
Property and equipment, net	551,660	549,578
Other investments and assets	18,261	17,457
Operating lease right-of-use assets	101,699	102,777
Deferred income taxes	2,666	565
Goodwill	121,870	121,429
Other intangible assets, net	58,746	58,985
Total Assets	1,104,279	1,090,346
Current liabilities
Accounts payable	93,623	73,020
Contract liabilities	61,169	43,950
Accrued compensation	20,365	25,839
Operating lease obligations	14,723	13,463
Other current liabilities	45,185	41,653
Current portion of debt and finance lease obligations	10,751	13,192
Total current liabilities	245,816	211,117
Long-term debt and finance obligations	456,914	456,752
Pension and postretirement benefits	16,505	16,769
Long-term operating lease obligations	98,981	101,297
Other deferred items and liabilities	70,268	70,024
Total liabilities	888,484	855,959
Commitments and contingencies
Redeemable noncontrolling interest	4,975	4,956
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	568,661	570,271
Accumulated deficit	(357,120)	(334,301)
Accumulated other comprehensive loss	(46,800)	(47,185)
Common stock in treasury, at cost, 4,119,377 and 4,216,044 shares, respectively	(206,391)	(211,657)
Total Viad stockholders’ equity	(4,248)	14,530
Non-redeemable noncontrolling interest	82,477	82,310
Total stockholders’ equity	78,229	96,840
Total Liabilities, Mezzanine Equity, and Stockholders’ Equity	1,104,279	1,090,346
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	Mar. 31, 2023	Dec. 31, 2022
Allowance for doubtful accounts	$ 2,878	$ 2,174
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	4,119,377	4,216,044
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 ($) shares in Thousands, $ in Thousands		3 Months Ended
		Mar. 31, 2023	Mar. 31, 2022
Revenue:
Total revenue		$ 260,791	$ 177,360
Costs and expenses:
Corporate activities		3,165	2,673
Interest expense, net		12,249	5,877
Other expense, net		531	638
Restructuring charges		453	654
Impairment charges		0	583
Total costs and expenses		282,701	210,560
Loss from continuing operations before income taxes		(21,910)	(33,200)
Income tax benefit		(578)	(2,582)
Loss from continuing operations		(21,332)	(30,618)
Income (loss) from discontinued operations		(58)	275
Net loss		(21,390)	(30,343)
Net loss attributable to non-redeemable noncontrolling interest		398	1,204
Net loss attributable to redeemable noncontrolling interest		123	138
Net loss attributable to Viad		$ (20,869)	$ (29,001)
Diluted income (loss) per common share:
Continuing operations attributable to Viad common stockholders		$ (1.10)	$ (1.54)
Discontinued operations attributable to Viad common stockholders		0	0.01
Net loss attributable to Viad common stockholders	[1]	$ (1.10)	$ (1.53)
Weighted-average outstanding and potentially dilutive common shares		20,751	20,518
Basic income (loss) per common share:
Continuing operations attributable to Viad common stockholders		$ (1.10)	$ (1.54)
Discontinued operations attributable to Viad common stockholders		0	0.01
Net loss attributable to Viad common stockholders		$ (1.10)	$ (1.53)
Weighted-average outstanding common shares		20,751	20,518
Amounts attributable to Viad
Loss from continuing operations		$ (20,811)	$ (29,276)
Income (loss) from discontinued operations		(58)	275
Net loss		(20,869)	(29,001)
Services
Revenue:
Total revenue		218,140	151,137
Costs and expenses:
Costs and expenses		226,203	171,954
Products
Revenue:
Total revenue		42,651	26,223
Costs and expenses:
Costs and expenses		$ 40,100	$ 28,181
[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
		Mar. 31, 2023	Mar. 31, 2022
Statement of Comprehensive Income [Abstract]
Net loss		$ (21,390)	$ (30,343)
Other comprehensive income (loss):
Unrealized foreign currency translation adjustments		1,195	3,412
Change in fair value of interest rate cap		(800)	0
Change in net actuarial loss, net of tax	[1]	(45)	407
Change in prior service cost, net of tax	[1]	35	0
Comprehensive loss		(21,005)	(26,524)
Non-redeemable noncontrolling interest:
Comprehensive income (loss) attributable to non-redeemable noncontrolling interest		(398)	(1,204)
Unrealized foreign currency translation adjustments		565	737
Comprehensive loss attributable to redeemable noncontrolling interest		123	138
Comprehensive loss attributable to Viad		$ (19,919)	$ (24,445)
[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	Accumulated Deficit	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, 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	[1]				407		407
Amortization of prior service cost, net of tax	[1]	0
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, 2022		96,840		37,402	570,271	(334,301)	(47,185)	(211,657)	14,530	82,310	4,956	132,591
Increase Decrease In Stockholders' Equity [Roll Forward]
Net Income (loss)		(21,267)				(20,869)			(20,869)	(398)	(123)
Dividends on convertible preferred stock		(1,950)				(1,950)			(1,950)
Change in fair value of interest rate cap		(800)					(800)		(800)
Payment of payroll taxes on stock-based compensation through shares withheld		(204)						(204)	(204)
Employee benefit plans		791			(4,677)			5,468	791
Share-based compensation - equity awards		3,064			3,064				3,064
Unrealized foreign currency translation adjustment		(1,760)					(1,195)		(1,195)	(565)	(142)
Amortization of net actuarial loss, net of tax		(45)	[1]				45		(45)
Amortization of prior service cost, net of tax		35	[1]				35		35
Other, net		(5)			(3)			(2)	(5)
Ending Balance at Mar. 31, 2023		$ 78,229		$ 37,402	$ 568,661	$ (357,120)	$ (46,800)	$ (206,391)	$ (4,248)	$ 82,477	$ 4,975	$ 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	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Cash flows from operating activities
Net loss	$ (21,390)	$ (30,343)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization	12,475	13,279
Deferred income taxes	(2,304)	(3,104)
(Income) loss from discontinued operations	58	(275)
Restructuring charges	453	654
Impairment charges	0	583
Gains on dispositions of property and other assets	(58)	(74)
Share-based compensation expense	3,065	2,166
Other non-cash items, net	1,331	2,836
Change in operating assets and liabilities:
Receivables	(10,726)	(2,833)
Inventories	(868)	(919)
Current contract costs	(6,995)	(9,408)
Accounts payable	20,621	7,426
Restructuring liabilities	(513)	(534)
Accrued compensation	(6,485)	3,363
Contract liabilities	16,957	21,706
Income taxes payable	(5,735)	(476)
Other assets and liabilities, net	10,183	13,876
Net cash provided by operating activities	10,069	17,923
Cash flows from investing activities
Capital expenditures	(11,384)	(12,570)
Cash paid for acquisitions, net	(41)	0
Proceeds from dispositions of property and other assets	66	76
Net cash used in investing activities	(11,359)	(12,494)
Cash flows from financing activities
Proceeds from borrowings	1,819	1,013
Payments on debt and finance lease obligations	(5,749)	(4,849)
Dividends paid on preferred stock	(1,950)	(1,950)
Payments of debt issuance costs	(200)	(313)
Payment of payroll taxes on stock-based compensation through shares withheld or repurchased	(412)	(518)
Net cash provided by financing activities	(6,492)	(6,617)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash	404	(178)
Net change in cash, cash equivalents, and restricted cash	(7,378)	(1,366)
Cash, cash equivalents, and restricted cash, beginning of year	64,564	64,303
Cash, cash equivalents, and restricted cash, end of period	$ 57,186	$ 62,937

Overview and Basis of Presentat

Overview and Basis of Presentation	3 Months Ended
	Mar. 31, 2023
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, 2022, filed with the SEC on February 28, 2023 (“2022 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. We operate through three reportable segments: Pursuit, Spiro, and GES Exhibitions. Spiro and GES Exhibitions 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 meetings and events, exhibition and program management, environments and permanent installations, brand and product activations, and marketing and measurement. 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 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 Recently Adopted Accounting Standards Update (“ASU”) 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 The adoption of this new standard did not have a material impact on our consolidated financial statements. ASU 2022-04 , Liabilities - Supplier Finance Programs (Subtopic 405-50) Disclosure of Supplier Finance Program Obligations Amendment requires that a buyer in a supplier finance program disclose key terms about the program in connection with the purchase of goods and services along with information about their obligations under these programs, including a rollforward of those obligations. 1/1/2023 We provided disclosure about supplier finance programs in Note 12 - Debt and Finance Obligations under the heading “Financing arrangements.” The required rollforward requirement is effective in the first quarter of 2024. The adoption of this new standard on January 1, 2023 did not otherwise have a material impact on our related disclosures. Significant Accounting Policies Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reported period. Estimates and assumptions are used in accounting for, among other things: impairment testing of recorded goodwill and intangible assets and long-lived assets; allowances for uncollectible accounts receivable; sales reserve allowances; provisions for income taxes, including uncertain tax positions; valuation allowances related to deferred tax assets; liabilities for losses related to self-insured liability claims; liabilities for losses related to environmental remediation obligations; sublease income associated with restructuring liabilities; pension and postretirement benefit costs and obligations; share-based compensation costs; the discount rates used to value lease obligations; the redemption value of redeemable noncontrolling interests; and the allocation of purchase price of acquired businesses. These estimates and assumptions may change as a result of the impact of global economic conditions, global inflationary pressures, and volatility in foreign exchange rates. 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. 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: March 31, December 31, (in thousands) 2023 2022 Cash and cash equivalents $ 50,818 $ 59,719 Restricted cash included in other current assets 6,368 4,845 Cash, cash equivalents, and restricted cash shown in the statement of cash flows $ 57,186 $ 64,564 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 23 – Noncontrolling Interests – 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. Dividends paid-in-kind increase the redemption value of the preferred stock. 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 29 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 incremental borrowing 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	3 Months Ended
	Mar. 31, 2023
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 customer deposits 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, 2022 $ 44,757 Cash additions 46,143 Revenue recognized ( 27,321 ) Foreign exchange translation adjustment ( 1,653 ) Balance at March 31, 2023 $ 61,926 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, 2022 $ 16,568 Additions 16,848 Expenses ( 9,805 ) Foreign exchange translation adjustment 112 Balance at March 31, 2023 $ 23,723 As of March 31, 2023 , capitalized contract costs consisted of $ 23.7 million to fulfill contracts. We did no t recognize an impairment loss with respect to capitalized contract costs during the three months ended March 31, 2023 or 2022. 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 Three Months Ended March 31, (in thousands) 2023 2022 Services: Ticket revenue $ 14,261 $ 9,202 Rooms revenue 7,590 6,903 Transportation 1,945 1,179 Other 1,367 1,370 Total services revenue 25,163 18,654 Products: Food and beverage 5,875 4,093 Retail operations 1,625 1,037 Total products revenue 7,500 5,130 Total revenue $ 32,663 $ 23,784 Timing of revenue recognition: Services transferred over time $ 25,163 $ 18,654 Products transferred at a point in time 7,500 5,130 Total revenue $ 32,663 $ 23,784 Markets: Banff Jasper Collection $ 17,614 $ 14,330 Alaska Collection 453 497 Glacier Park Collection 1,455 1,009 FlyOver 5,855 4,139 Sky Lagoon 7,286 3,809 Total revenue $ 32,663 $ 23,784 GES Three Months Ended March 31, (in thousands) 2023 2022 Service lines: Spiro $ 60,362 $ 42,816 GES Exhibitions 169,497 111,831 Intersegment eliminations ( 1,731 ) ( 1,071 ) Total revenue $ 228,128 $ 153,576 Timing of revenue recognition: Services transferred over time $ 192,977 $ 132,483 Products transferred over time (1) 12,941 7,938 Products transferred at a point in time 22,210 13,155 Total revenue $ 228,128 $ 153,576 Geographical markets: North America $ 180,839 $ 129,027 EMEA 49,537 25,813 Intersegment eliminations ( 2,248 ) ( 1,264 ) Total revenue $ 228,128 $ 153,576 (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	3 Months Ended
	Mar. 31, 2023
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, bringing the total number of reserved shares to 2,590,000 . As of March 31, 2023 , there were 881,064 shares available for future grant under the 2017 Plan. The following table summarizes share-based compensation expense: Three Months Ended March 31, (in thousands) 2023 2022 Performance-based restricted stock units $ 822 $ 14 Restricted stock awards and restricted stock units 1,643 1,562 Stock options 600 590 Share-based compensation expense before income tax 3,065 2,166 Income tax benefit (1) ( 22 ) ( 17 ) Share-based compensation expense, net of income tax $ 3,043 $ 2,149 (1) The 2023 and 2022 income tax benefit amount primarily reflects the tax benefit associated with our Canadian-based employees.

Acquisitions and Disposition

Acquisitions and Disposition	3 Months Ended
	Mar. 31, 2023
Business Combinations [Abstract]
Acquisitions and Disposition	Note 4. Acquisition and Disposition 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. 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 final allocation of the aggregate purchase price and amounts of assets acquired and liabilities assumed based upon the estimated fair value at the date of acquisition. During the three months ended March 31, 2023, we made a purchase accounting measurement period adjustment of approximately $ 41,000 to working capital based on refinements to assumptions used in the preliminary valuation. (in thousands) Purchase price paid as: Cash $ 26,507 Working capital adjustment ( 920 ) Purchase price adjustment 125 Cash acquired ( 177 ) Purchase price, net of cash acquired 25,535 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”) $ 16,828 Under the acquisition method of accounting, the purchase price as shown in the table above 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 relating to the Glacier Raft Company acquisition 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 14 years The results of operations of the Glacier Raft Company have been included in the consolidated financial statements from the date of acquisition. 2022 Disposition ON Services On December 15, 2022, we completed the sale of substantially all of the assets of GES’ United States audio-visual production business, ON Services – AV Specialists, Inc. (“ON Services”), for approximately $ 30.0 million, subject to customary working capital adjustments. We recognized a gain on sale of $ 19.6 million. ON Services had a net carrying value of $ 10.4 million, which included $ 4.9 million of net working capital and net non-current assets of $ 5.5 million. Working capital consisted primarily of accounts receivable of $ 8.2 million and other current assets of $ 0.7 million, offset in part by current liabilities of $ 4.0 million. Net non-current assets consisted primarily of property and equipment of $ 6.0 million, offset in part by other liabilities of $ 0.5 million. The staging business of ON Services was included in the Spiro reportable segment and the venue services business in the United States was included in the GES Exhibitions reportable segment. The ON Services sale did not represent a strategic shift that has or will have a major effect on our operations and financial results, and therefore was not classified as a discontinued operation for any of the periods presented.

Inventories

Inventories	3 Months Ended
	Mar. 31, 2023
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: March 31, December 31, (in thousands) 2023 2022 Raw materials $ 1,297 $ 1,403 Finished goods 10,406 9,382 Inventories $ 11,703 $ 10,785

Other Current Assets

Other Current Assets	3 Months Ended
	Mar. 31, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Other Current Assets	Note 6. Other Current Assets Other current assets consisted of the following: March 31, December 31, (in thousands) 2023 2022 Restricted cash $ 6,368 $ 4,845 Prepaid software maintenance 4,264 4,650 Prepaid project deposit 3,625 3,615 Prepaid vendor payments 2,411 2,084 Income tax receivable 403 322 Prepaid taxes 309 142 Prepaid other 1,920 1,836 Other 1,736 1,483 Other current assets $ 21,036 $ 18,977

Property and Equipment

Property and Equipment	3 Months Ended
	Mar. 31, 2023
Property, Plant and Equipment [Abstract]
Property and Equipment	Note 7. Property and Equipment, Net Property and equipment consisted of the following: March 31, December 31, (in thousands) 2023 2022 Land and land interests $ 30,922 $ 30,902 Buildings and leasehold improvements 419,877 409,852 Equipment and other 415,536 413,485 Gross property and equipment 866,335 854,239 Accumulated depreciation ( 372,590 ) ( 362,195 ) Property and equipment, net (excluding finance leases) 493,745 492,044 Finance lease ROU assets, net 57,915 57,534 Property and equipment, net $ 551,660 $ 549,578 Depreciation expense was $ 10.3 million for the three months ended March 31, 2023 and $ 11.0 million for the three months ended March 31, 2022. Property and equipment purchased through accounts payable and accrued liabilities decreased $ 0.3 million during the three months ended March 31, 2023 and decreased $ 2.1 million during the three months ended March 31, 2022. Capitalized interest was $ 0.3 million for the three months ended March 31, 2023 and $ 1.9 million for three months ended March 31, 2022 , which was primarily related to the development of Pursuit’s FlyOver attractions.

Other Investments and Assets

Other Investments and Assets	3 Months Ended
	Mar. 31, 2023
Investments, All Other Investments [Abstract]
Other Investments and Assets	Note 8. Other Investments and Assets Other investments and assets consisted of the following: March 31, December 31, (in thousands) 2023 2022 Self-insured liability receivable $ 8,211 $ 8,211 Other mutual funds 3,900 3,490 Contract costs 2,310 2,237 Other 3,840 3,519 Other investments and assets $ 18,261 $ 17,457

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	3 Months Ended
	Mar. 31, 2023
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) Balance at December 31, 2022 $ 121,429 Foreign currency translation adjustments 400 Other (1) 41 Balance at March 31, 2023 $ 121,870 (1) Represents a purchase accounting measurement period adjustment related to the Glacier Raft Company acquisition. 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: March 31, 2023 December 31, 2022 (in thousands) Useful Life Gross Accumulated Net Gross Accumulated Net Intangible assets subject to amortization: Customer contracts and relationships 7.5 $ 34,588 $ ( 28,118 ) $ 6,470 $ 37,194 $ ( 30,109 ) $ 7,085 Operating contracts and licenses 34.0 39,854 ( 3,738 ) 36,116 38,993 ( 3,504 ) 35,489 In-place lease 33.5 14,457 ( 1,513 ) 12,944 14,420 ( 1,404 ) 13,016 Tradenames 3.8 5,559 ( 3,508 ) 2,051 5,546 ( 3,324 ) 2,222 Other 4.9 772 ( 174 ) 598 770 ( 163 ) 607 Total amortized intangible assets 95,230 ( 37,051 ) 58,179 96,923 ( 38,504 ) 58,419 Indefinite-lived intangible assets: Business licenses 567 — 567 566 — 566 Other intangible assets, net $ 95,797 $ ( 37,051 ) $ 58,746 $ 97,489 $ ( 38,504 ) $ 58,985 Intangible asset amortization expense (excluding amortization expense of ROU assets) was $ 1.1 million for the three months ended March 31, 2023 and $ 1.2 million for the three months ended March 31, 2022. At March 31, 2023, the estimated future amortization expense related to intangible assets subject to amortization is as follows: (in thousands) Year ending December 31, Remainder of 2023 $ 3,495 2024 3,641 2025 2,343 2026 2,309 2027 1,912 Thereafter 44,479 Total $ 58,179

Other Current Liabilities

Other Current Liabilities	3 Months Ended
	Mar. 31, 2023
Other Liabilities, Current [Abstract]
Other Current Liabilities	Note 10. Other Current Liabilities Other current liabilities consisted of the following: March 31, December 31, (in thousands) 2023 2022 Continuing operations: Commissions payable $ 9,853 $ 5,059 Accrued sales and use taxes 7,251 4,082 Accrued employee benefit costs 5,472 4,920 Self-insured liability 5,009 4,909 Accommodation service deposits 4,612 2,208 Accrued concession fees 3,197 4,297 Foreign income taxes payable 2,101 8,354 Current portion of pension and postretirement liabilities 1,258 1,426 Accrued professional fees 1,180 898 Other 4,814 4,958 Total continuing operations 44,747 41,111 Discontinued operations: Self-insured liability 354 458 Environmental remediation liabilities 46 46 Other 38 38 Total discontinued operations 438 542 Total other current liabilities $ 45,185 $ 41,653

Other Deferred Items and Liabil

Other Deferred Items and Liabilities	3 Months Ended
	Mar. 31, 2023
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: March 31, December 31, (in thousands) 2023 2022 Continuing operations: Foreign deferred tax liability $ 27,537 $ 27,564 Multi-employer pension plan withdrawal liability 13,700 13,815 Self-insured excess liability 8,211 8,211 Self-insured liability 5,261 5,028 Accrued compensation 4,992 4,977 Accrued restructuring 3,051 3,245 Other 3,331 3,071 Total continuing operations 66,083 65,911 Discontinued operations: Environmental remediation liabilities 2,162 2,177 Self-insured liability 1,718 1,631 Other 305 305 Total discontinued operations 4,185 4,113 Total other deferred items and liabilities $ 70,268 $ 70,024

Debt and Finance Lease Obligati

Debt and Finance Lease Obligations	3 Months Ended
	Mar. 31, 2023
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: March 31, December 31, (in thousands, except interest rates) 2023 2022 2021 Credit Facility - Term Loan B, 9.9 % interest rate at March 31, 2023 and 9.4 % at December 31, 2022, due through 2028 (1) $ 394,000 $ 395,000 Forest Park Hotel Construction Loan, 6.5 % interest rate at March 31, 2023 and 8.8 % at December 31, 2022, due through 2028 (1) 12,400 11,491 FlyOver Iceland Credit Facility, 7.7 % interest rate at March 31, 2023 and 6.9 % at December 31, 2022, due through 2027 (1) 4,742 4,965 FlyOver Iceland Term Loans, 11.8 % weighted-average interest rate at March 31, 2023 and 10.1 % at December 31, 2022, due through 2024 (1) 564 594 Less unamortized debt issuance costs ( 10,757 ) ( 11,848 ) Total debt 400,949 400,202 Finance lease obligations, 9.1 % weighted-average interest rate at March 31, 2023 and December 31, 2022, due through 2067 64,538 64,729 Financing arrangements 2,178 5,013 Total debt and finance obligations (2)(3) 467,665 469,944 Current portion ( 10,751 ) ( 13,192 ) Long-term debt and finance obligations $ 456,914 $ 456,752 (1) Represents the weighted-average interest rate in effect as of the end of the respective periods, including any applicable margin. The interest rates do not include amortization of debt issuance costs or commitment fees . (2) The estimated fair value of total debt and finance leases was $ 318.1 million as of March 31, 2023 and $ 301.8 million as of December 31, 2022. 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 14 – Fair Value Measurements . (3) Cash paid for interest on debt was $ 11.4 million during the three months ended March 31, 2023 and $ 7.0 million during the three months ended March 31, 2022 . 2021 Credit Facility Effective July 30, 2021, we entered into a $ 500 million credit facility (the “2021 Credit Facility”). The 2021 Credit Facility provides for a $ 400 million term loan (“Term Loan B”) and a $ 100 million revolving credit facility (“Revolving Credit Facility”). The proceeds of the Term Loan B, net of $ 14.8 million in related fees, were used to repay the $ 327 million outstanding balance under our then $ 450 million revolving credit facility and to provide for financial flexibility to fund future acquisitions and growth initiatives and for general corporate purposes. LIBOR Transition Amendment On February 6, 2023, we entered into the LIBOR Transition Amendment to the 2021 Credit Facility to replace the London Interbank Offered Rate (“LIBOR”) with the Secured Overnight Financing Rate (“SOFR”). In accordance with the LIBOR replacement provisions outlined in the 2021 Credit Facility, additional credit spread adjustments apply to SOFR ranging from 0.11448 % (for a one-month duration) up to 0.71513 % (for a 12-month duration). Term Loan B The Term Loan B has a maturity date of July 30, 2028 and is subject to quarterly amortization of principal of $1.0 million. Interest rates are based on SOFR (plus additional credit spread adjustments as detailed above under “LIBOR Transition Amendment”) plus a 5.00% credit spread, with a SOFR floor of 0.50% . The Term Loan B carries no financial covenants. As discussed in Note 13 – Derivative , we entered into an interest rate cap agreement that manages our exposure to interest rate increases on $ 300 million in borrowings and provides us with the right to receive payment if the one-month SOFR exceeds 5.0 % (“strike rate”). Revolving Credit Facility The Revolving Credit Facility has a maturity date of July 30, 2026 . As of March 31, 2023, capacity remaining under the Revolving Credit Facility was $ 89.1 million, reflecting $ 100.0 million total facility size, less $ 10.9 million in outstanding letters of credit. In addition to borrowing based on one, three, six, or twelve month SOFR tenors (plus additional credit spread adjustments as detailed above under “LIBOR Transition Amendment”), we also have the option to borrow based on the “Base Rate”, which for any day is a fluctuating rate equal to the highest of the Fed Funds Rate plus 0.50 %, Bank of America’s publicly announced “prime rate”, and SOFR plus 1.00 %. Credit spreads for SOFR and Base Rate borrowings are based on Viad’s total net leverage ratio and range from 2.50 % to 3.50 % for SOFR borrowings and from 1.50 % to 3.50 % for Base Rate borrowings. Additionally, a 1.00 % floor applies to the Bate Rate. The Revolving Credit Facility includes an undrawn fee ranging from 0.30 % to 0.50 % that is based on Viad’s total net leverage ratio. The Revolving Credit Facility carries financial covenants. On March 23, 2022, we entered into the First Amendment to the 2021 Credit Facility and on March 28, 2023, we entered into the Second Amendment to the 2021 Credit Facility. The amendments modified the financial covenants to the following: • Maintain a total net leverage ratio of not greater than 4.50 to 1.00 at March 31, 2023 and 4.00 to 1.00 at June 30, 2023 and thereafter; and • Maintain an interest coverage ratio of not less than 2.0 to 1.00. As of March 31, 2023, our total net leverage ratio was 2.83 to 1.00 , the interest coverage ratio was 3.48 to 1.00 , and we were in compliance with all covenants under the Revolving Credit Facility. In addition to U.S. dollar borrowings, we may borrow funds on the Revolving Credit Facility in Canadian Dollars based on the Canadian Dollar Offered Rate, Pound Sterling based on the Sterling Overnight Index Average, and Euros based on the Euro Interbank Offered Rate, plus applicable credit spreads. No such borrowings had been made as of March 31, 2023. 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 for the development and construction of the Forest Park Hotel in Jasper National Park. Construction of the hotel was completed in August 2022. During January 2023, we completed our final borrowing under the construction loan facility bringing the total amount borrowed to approximately $ 16.8 million Canadian dollars. The construction loan facility required interest only payments at Canada Prime plus 2.35 % through January 31, 2023, at which time it was converted to a 6.5 % fixed rate term loan. The term loan matures on February 1, 2028 and requires interest only payments through July 31, 2024. 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 an original maturity date of March 1, 2022 . The loan proceeds were used to complete the development of the FlyOver Iceland attraction. The loan bears interest at the three month Euro Interbank Offered Rate plus 4.9%. FlyOver Iceland 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 , which was further extended to September 1, 2027 by way of an option as permitted in the addendum, 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. Effective November 2, 2022, FlyOver Iceland received a financial covenant waiver for the 2022 through 2023 testing periods. 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 an original maturity date of February 1, 2023 and bears interest at one-month Reykjavik InterBank Offered Rate (“REIBOR”) plus 4.99%. Effective November 23, 2022, FlyOver Iceland entered into an amendment to the ISK 50.0 million term loan wherein the maturity date was extended to February 1, 2024. 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 entered into insurance premium financing arrangements with two financial intermediaries 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 4.9 %. The aggregate amount of premiums financed was $ 9.5 million with a remaining principal balance of $ 2.2 million as of March 31, 2023.

Derivative

Derivative	3 Months Ended
	Mar. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments and Hedging Activities Disclosure [Text Block]	Note 13. Derivative Interest Rate Cap On January 4, 2023, we entered into an interest rate cap agreement with an effective date of January 31, 2023. The interest rate cap manages our exposure to interest rate increases on $ 300 million in borrowings under the Term Loan B and provides us with the right to receive payment if the one-month SOFR exceeds 5.0 % (“strike rate”). Beginning on February 28, 2023, we pay a fixed monthly deferred premium based on an annual rate of 0.3335 % for the interest rate cap, which matures on January 31, 2025 . We designated the interest rate cap as a cash flow hedge designed to hedge the variability of the SOFR-based interest payments on the Term Loan B. Changes in the fair value of the interest rate cap are recorded in “accumulated other comprehensive income (loss)” (“AOCI”) in the Condensed Consolidated Balance Sheets. Amounts accumulated in AOCI are reclassified to “interest expense, net” in the Condensed Consolidated Statements of Operations when the hedged item affects earnings. We recognized $ 0.8 million of unrealized losses in AOCI during the three months ended March 31, 2023 and approximately $ 4,000 was reclassified to interest expense. W e estimate that $ 1.1 million will be reclassified to earnings within the next 12 months. The fair value of the interest rate cap is as follows: March 31, December 31, (in thousands) Classification 2023 2022 Derivatives designated as hedging instruments Interest rate cap - short-term Other current liabilities $ 356 $ — Interest rate cap - long-term Other deferred items and liabilities 284 — Total derivatives designated as hedging instruments $ 640 $ — The fair value of the interest rate cap is determined using widely accepted valuation techniques and reflects the contractual terms of the interest rate cap including the period to maturity. While there are no quoted prices in active markets, our calculation uses observable market-based inputs, including interest rate curves. The interest rate cap is classified as Level 2 within the fair value hierarchy. Refer to Note 14 – Fair Value Measurements for related fair value disclosures.

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Mar. 31, 2023
Fair Value Disclosures [Abstract]
Fair Value Measurements	Note 14. 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. The fair value of assets and liabilities measured at fair value on a recurring basis are as follows: Fair Value Measurements at Reporting Date Using (in thousands) March 31, 2023 Quoted Prices Significant Significant Assets: Other mutual funds (1) $ 3,900 $ 3,900 $ — $ — Total assets at fair value on a recurring basis $ 3,900 $ 3,900 $ — $ — Liabilities: Interest rate cap (2) $ 640 $ — $ 640 $ — Total liabilities at fair value on a recurring basis $ 640 $ — $ 640 $ — Fair Value Measurements at Reporting Date Using (in thousands) December 31, 2022 Quoted Prices Significant Significant Assets: Other mutual funds (1) $ 3,490 $ 3,490 $ — $ — Total assets at fair value on a recurring basis $ 3,490 $ 3,490 $ — $ — (1) We include other mutual funds in “Other investments and assets” in the Condensed Consolidated Balance Sheets. (2) Refer to Note 13 - Derivatives. The carrying values of cash and cash equivalents, accounts 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	3 Months Ended
	Mar. 31, 2023
Earnings Per Share [Abstract]
Loss Per Share	Note 15. Loss Per Share The components of basic and diluted loss per share are as follows: Three Months Ended March 31, (in thousands, except per share data) 2023 2022 Net loss attributable to Viad $ ( 20,869 ) $ ( 29,001 ) Less: Allocation to participating securities — — Convertible preferred stock dividends paid in cash ( 1,950 ) ( 1,950 ) Adjustment to the redemption value of redeemable noncontrolling interest — ( 351 ) Net loss allocated to Viad common stockholders (basic) $ ( 22,819 ) $ ( 31,302 ) Add: Allocation to participating securities — — Net loss allocated to Viad common stockholders (diluted) $ ( 22,819 ) $ ( 31,302 ) Basic weighted-average outstanding common shares 20,751 20,518 Additional dilutive shares related to share-based compensation — — Diluted weighted-average outstanding shares 20,751 20,518 Loss per share: Basic loss attributable to Viad common stockholders $ ( 1.10 ) $ ( 1.53 ) Diluted loss attributable to Viad common stockholders (1) $ ( 1.10 ) $ ( 1.53 ) (1) Diluted loss per share amount cannot exceed basic loss per share. Diluted income (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 loss per common share during the applicable periods because their inclusion would have been anti-dilutive: Three Months Ended March 31, (in thousands) 2023 2022 Convertible preferred stock 6,674 6,674 Unvested restricted share-based awards 225 207 Unvested performance share-based awards 101 37 Stock options 378 166

Common and Preferred Stock

Common and Preferred Stock	3 Months Ended
	Mar. 31, 2023
Equity [Abstract]
Common and Preferred Stock	Note 16. 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 March 31, 2023 and December 31, 2022. Upon the occurrence of a change in control event, the holders have a right to require Viad to repurchase such preferred stock. During the three months ended March 31, 2023 , $ 2.0 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 March 31, 2023 , 546,283 shares remain available for repurchase under all prior authorizations.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	3 Months Ended
	Mar. 31, 2023
Accumulated Other Comprehensive Income Loss [Abstract]
Accumulated Other Comprehensive Income (Loss)	Note 17. 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 Unrealized Loss on Interest Rate Cap Accumulated Balance at December 31, 2022 $ ( 42,983 ) $ ( 4,202 ) $ — $ ( 47,185 ) Other comprehensive income (loss) before reclassifications 1,195 — ( 800 ) 395 Amounts reclassified from AOCI, net of tax — ( 10 ) — ( 10 ) Net other comprehensive income (loss) 1,195 ( 10 ) ( 800 ) 385 Balance at March 31, 2023 $ ( 41,788 ) $ ( 4,212 ) $ ( 800 ) $ ( 46,800 ) (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 3,412 — 3,412 Amounts reclassified from AOCI, net of tax — 407 407 Net other comprehensive income 3,412 407 3,819 Balance at March 31, 2022 $ ( 12,750 ) $ ( 10,860 ) $ ( 23,610 ) Amounts reclassified from AOCI 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 19 – Pension and Postretirement Benefits for additional information.

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2023
Income Tax Disclosure [Abstract]
Income Taxes	Note 18. Income Taxes The effective tax rate was 2.6 % for the three months ended March 31, 2023 and 7.8 % for the three months ended March 31, 2022. 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. During the three months March 31, 2023, we released the valuation allowance of $ 2.1 million that was recorded on deferred tax assets associated with certain separate states, which more than offset taxes due in jurisdictions without a valuation allowance. The rates were lower than the 21 % federal rate for both three months ended March 31, 2023 and 2022 as a result of excluding the tax benefit in jurisdictions with a valuation allowance. We paid net cash for income taxes of $ 8.0 million during the three months ended March 31, 2023 , of which $ 7.3 million was paid to Canadian taxing authorities. We paid net cash for income taxes of $ 1.4 million during the three months ended March 31, 2022 .

Pension and Postretirement Bene

Pension and Postretirement Benefits	3 Months Ended
	Mar. 31, 2023
Retirement Benefits [Abstract]
Pension and Postretirement Benefits	Note 19. Pension and Postretirement Benefits The components of net periodic benefit cost of our pension and postretirement benefit plans for the three months ended March 31, 2023 and 2022 consist of the following: Domestic Plans Pension Plans Postretirement Benefit Plans Foreign Pension Plans (in thousands) 2023 2022 2023 2022 2023 2022 Service cost $ — $ — $ 6 $ 10 $ 44 $ 85 Interest cost 211 125 93 54 92 88 Expected return on plan assets ( 40 ) ( 2 ) — — ( 86 ) ( 125 ) Amortization of prior service credit ( 8 ) — 29 22 — — Recognized net actuarial (gain) loss 71 134 ( 44 ) 23 33 35 Net periodic benefit cost $ 234 $ 257 $ 84 $ 109 $ 83 $ 83 Settlement cost — 115 — — — 533 Total expenses $ 234 $ 372 $ 84 $ 109 $ 83 $ 616 We expect to contribute $ 0.6 million to our funded pension plans, $ 0.8 million to our unfunded pension plans, and $ 0.7 million to our postretirement benefit plans in 2023. During the three months ended March 31, 2023 , we contributed $ 0.1 million to our funded pension plans, $ 0.2 million to our unfunded pension plans, and $ 0.1 million to our postretirement benefit plans.

Restructuring Charges

Restructuring Charges	3 Months Ended
	Mar. 31, 2023
Restructuring and Related Activities [Abstract]
Restructuring Charges	Note 20. 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. 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 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, 2022 $ 1,609 $ 1,818 $ 12 $ 3,439 Restructuring charges 135 311 7 453 Cash payments ( 205 ) ( 289 ) ( 14 ) ( 508 ) Adjustment to liability — 18 ( 5 ) 13 Balance at March 31, 2023 $ 1,539 $ 1,858 $ — $ 3,397 As of March 31, 2023 , $ 1.5 million of the liabilities related to severance and employee benefits and $ 1.5 million of liabilities related to facilities will remain unpaid by the end of 2023. The liabilities related to facilities primarily include dilapidations and non-lease expenses that will be paid over the remaining lease terms. Refer to Note 24 – Segment Information for information regarding restructuring charges by segment.

Leases and Other

Leases and Other	3 Months Ended
	Mar. 31, 2023
Leases [Abstract]
Leases and Other	Note 21. Leases and Other The balance sheet presentation of our operating and finance leases is as follows: March 31, December 31, (in thousands) Classification on the Condensed Consolidated Balance Sheet 2023 2022 Assets: Operating lease assets Operating lease ROU assets $ 101,699 $ 102,777 Finance lease assets Property and equipment, net 57,915 57,534 Total lease assets $ 159,614 $ 160,311 Liabilities: Current: Operating lease obligations Operating lease obligations $ 14,723 $ 13,463 Finance lease obligations Current portion of debt and finance obligations 3,052 2,978 Noncurrent: Operating lease obligations Long-term operating lease obligations 98,981 101,297 Finance lease obligations Long-term debt and finance obligations 61,486 61,751 Total lease liabilities $ 178,242 $ 179,489 The components of lease expense consisted of the following: Three Months Ended March 31, (in thousands) 2023 2022 Finance lease cost: Amortization of ROU assets $ 1,056 $ 1,051 Interest on lease liabilities 1,410 1,435 Operating lease cost 6,207 5,822 Short-term lease cost 435 364 Variable lease cost 1,228 1,014 Total lease cost, net $ 10,336 $ 9,686 Other information related to operating and finance leases are as follows: Three Months Ended March 31, (in thousands) 2023 2022 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 6,652 $ 5,798 Operating cash flows from finance leases $ 1,517 $ 1,467 Financing cash flows from finance leases $ 605 $ 724 ROU assets obtained in exchange for lease obligations: Operating leases $ 3,016 $ 9,331 Finance leases (1) $ ( 13 ) $ 3,107 (1) Includes terminations of equipment finance leases. March 31, December 31, 2023 2022 Weighted-average remaining lease term (years): Operating leases 8.35 8.51 Finance leases 34.02 34.07 Weighted-average discount rate: Operating leases 7.32 % 7.25 % Finance leases 9.13 % 9.12 % As of March 31, 2023, 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 2023 $ 16,543 $ 6,615 $ 23,158 2024 22,308 7,751 30,059 2025 20,190 6,927 27,117 2026 19,353 6,418 25,771 2027 15,836 6,255 22,091 Thereafter 64,052 180,776 244,828 Total future lease payments 158,282 214,742 373,024 Less: Amount representing interest ( 44,578 ) ( 150,204 ) ( 194,782 ) Present value of minimum lease payments 113,704 64,538 178,242 Current portion ( 14,723 ) ( 3,052 ) ( 17,775 ) Long-term portion $ 98,981 $ 61,486 $ 160,467 As of March 31, 2023, 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 2023 $ 1,326 2024 1,548 2025 1,342 2026 1,105 2027 465 Thereafter 593 Total minimum rents $ 6,379 Lease Not Yet Commenced As of March 31, 2023, we had executed a facility lease for which we did not have control of the underlying assets. Accordingly, we did not record the lease liability and ROU asset on our Condensed Consolidated Balance Sheets. This lease is for a new FlyOver attraction, FlyOver Canada Toronto. The lease commencement date was originally planned for 2023, however, it has been postponed due to permitting and other related delays. Upon commencement date, it will have a lease term of 20 years.

Litigation, Claims, Contingenci

Litigation, Claims, Contingencies and Other	3 Months Ended
	Mar. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Litigation, Claims, Contingencies and Other	Note 22. 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 March 31, 2023 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 immediately reported the accident to our relevant insurance carriers, who have supported our investigation and subsequent claims relating to the accident. In May 2023, we resolved charges from the Canadian office of Occupational Health and Safety in relation to this accident, resulting in fines and related payments in an aggregate amount of $ 0.5 million Canadian dollars (approximately $ 0.3 million U.S. dollars). We continue to manage our legal defense of various claims from the victims and their families. In addition, we believe that our reserves and, subject to customary deductibles, our insurance coverage is sufficient to cover potential claims 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 March 31, 2023, 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 March 31, 2023, 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 March 31, 2023 would be $ 89.6 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 2023 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 $ 10.3 million as of March 31, 2023 , which includes $ 6.2 million related to workers’ compensation liabilities, and $ 4.1 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 $ 2.1 million as of March 31, 2023 . We are also self-insured for certain employee health benefits and the estimated employee health benefit claims incurred but not yet reported was $ 1.5 million as of March 31, 2023 . 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 $ 1.5 million for the three months ended March 31, 2023 , and $ 1.6 million for the three months ended March 31, 2022. In addition, as of March 31, 2023 , we have recorded insurance liabilities of $ 8.2 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, $ 6.4 million is related to workers’ compensation liabilities and $ 1.8 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	3 Months Ended
	Mar. 31, 2023
Noncontrolling Interest [Abstract]
Noncontrolling Interest – Redeemable and Non-redeemable	Note 23. 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 March 31, 2023. 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 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 Put Option Condition has not been met as of March 31, 2023. If the FlyOver Iceland attraction has not achieved the Put Option Condition by December 31, 2024, the put option expires. 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, 2022 $ 4,956 Net loss attributable to redeemable noncontrolling interest ( 123 ) Foreign currency translation adjustment 142 Balance at March 31, 2023 $ 4,975 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, 2022 $ 16,690 $ 55,702 $ 9,918 $ 82,310 Net income (loss) attributable to non-redeemable noncontrolling interest ( 596 ) ( 649 ) 847 ( 398 ) Foreign currency translation adjustments — 143 422 565 Balance at March 31, 2023 $ 16,094 $ 55,196 $ 11,187 $ 82,477 Equity ownership interest that we do not own 20 % 40 % 49 % (1) Includes Mountain Park Lodges and the Golden Skybridge at Brewster, part of the Banff Jasper Collection.

Segment Information

Segment Information	3 Months Ended
	Mar. 31, 2023
Segment Reporting [Abstract]
Segment Information	Note 24. 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 chief operating decision maker (“CODM”) in deciding how to allocate resources and assess performance. Our CODM is our Chief Executive Officer. We measure the profit and performance of our operations on the basis of segment operating income (loss) which excludes restructuring charges, impairment charges, 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 March 31, (in thousands) 2023 2022 Revenue: Pursuit $ 32,663 $ 23,784 GES: Spiro 60,362 42,816 GES Exhibitions 169,497 111,831 GES intersegment eliminations ( 1,731 ) ( 1,071 ) Total GES 228,128 153,576 Total revenue $ 260,791 $ 177,360 Segment operating income (loss): Pursuit $ ( 19,112 ) $ ( 21,198 ) GES: Spiro 3,174 ( 239 ) GES Exhibitions 10,410 ( 1,355 ) Total GES 13,584 ( 1,594 ) Segment operating loss ( 5,528 ) ( 22,792 ) Corporate eliminations (1) 16 17 Corporate activities ( 3,165 ) ( 2,673 ) Interest expense, net ( 12,249 ) ( 5,877 ) Other expense, net ( 531 ) ( 638 ) Restructuring charges: Pursuit ( 7 ) — Spiro ( 137 ) ( 418 ) GES Exhibitions ( 309 ) ( 236 ) Impairment charges: GES Exhibitions — ( 583 ) Loss from continuing operations before income taxes $ ( 21,910 ) $ ( 33,200 ) (1) Corporate eliminations represent the elimination of depreciation expense recorded by Pursuit associated with previously eliminated intercompany profit realized by GES for renovations to Pursuit’s Banff Gondola. Additional information of our reportable segments is as follows: Three Months Ended March 31, March 31, (in thousands) 2023 2022 Depreciation: Pursuit $ 8,134 $ 7,782 Spiro 500 929 GES Exhibitions 1,678 2,291 Corporate 20 4 $ 10,332 $ 11,006 Amortization: Pursuit $ 1,161 $ 1,179 Spiro 63 52 GES Exhibitions 919 1,042 $ 2,143 $ 2,273 Capital expenditures: Pursuit $ 7,727 $ 11,491 Spiro 647 144 GES Exhibitions 3,008 865 Corporate and other 2 70 $ 11,384 $ 12,570 We do not report total assets by segment because this is not a metric used to allocate resources or evaluate segment performance by our CODM.

Overview and Basis of Present_2

Overview and Basis of Presentation (Policies)	3 Months Ended
	Mar. 31, 2023
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, 2022, filed with the SEC on February 28, 2023 (“2022 Form 10-K”). The condensed consolidated financial statements include the accounts of Viad and its subsidiaries. We have eliminated all significant intercompany account balances and transactions in consolidation.
Nature of Business	Nature of Business We are a leading global provider of extraordinary experiences, including hospitality and leisure activities, experiential marketing, and live events. We operate through three reportable segments: Pursuit, Spiro, and GES Exhibitions. Spiro and GES Exhibitions 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 meetings and events, exhibition and program management, environments and permanent installations, brand and product activations, and marketing and measurement. 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 Recent Accounting Pronouncements	Impact of Recent Accounting Pronouncements The following table provides a brief description of recent accounting pronouncements: Standard Description Date of adoption Effect on the financial statements Standards Recently Adopted Accounting Standards Update (“ASU”) 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 The adoption of this new standard did not have a material impact on our consolidated financial statements. ASU 2022-04 , Liabilities - Supplier Finance Programs (Subtopic 405-50) Disclosure of Supplier Finance Program Obligations Amendment requires that a buyer in a supplier finance program disclose key terms about the program in connection with the purchase of goods and services along with information about their obligations under these programs, including a rollforward of those obligations. 1/1/2023 We provided disclosure about supplier finance programs in Note 12 - Debt and Finance Obligations under the heading “Financing arrangements.” The required rollforward requirement is effective in the first quarter of 2024. The adoption of this new standard on January 1, 2023 did not otherwise have a material impact on our related disclosures.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reported period. Estimates and assumptions are used in accounting for, among other things: impairment testing of recorded goodwill and intangible assets and long-lived assets; allowances for uncollectible accounts receivable; sales reserve allowances; provisions for income taxes, including uncertain tax positions; valuation allowances related to deferred tax assets; liabilities for losses related to self-insured liability claims; liabilities for losses related to environmental remediation obligations; sublease income associated with restructuring liabilities; pension and postretirement benefit costs and obligations; share-based compensation costs; the discount rates used to value lease obligations; the redemption value of redeemable noncontrolling interests; and the allocation of purchase price of acquired businesses. These estimates and assumptions may change as a result of the impact of global economic conditions, global inflationary pressures, and volatility in foreign exchange rates. 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. 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: March 31, December 31, (in thousands) 2023 2022 Cash and cash equivalents $ 50,818 $ 59,719 Restricted cash included in other current assets 6,368 4,845 Cash, cash equivalents, and restricted cash shown in the statement of cash flows $ 57,186 $ 64,564
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 23 – Noncontrolling Interests – 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. Dividends paid-in-kind increase the redemption value of the preferred stock. 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 29 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 incremental borrowing 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)	3 Months Ended
	Mar. 31, 2023
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 Recently Adopted Accounting Standards Update (“ASU”) 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 The adoption of this new standard did not have a material impact on our consolidated financial statements. ASU 2022-04 , Liabilities - Supplier Finance Programs (Subtopic 405-50) Disclosure of Supplier Finance Program Obligations Amendment requires that a buyer in a supplier finance program disclose key terms about the program in connection with the purchase of goods and services along with information about their obligations under these programs, including a rollforward of those obligations. 1/1/2023 We provided disclosure about supplier finance programs in Note 12 - Debt and Finance Obligations under the heading “Financing arrangements.” The required rollforward requirement is effective in the first quarter of 2024. The adoption of this new standard on January 1, 2023 did not otherwise have a material impact on our 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: March 31, December 31, (in thousands) 2023 2022 Cash and cash equivalents $ 50,818 $ 59,719 Restricted cash included in other current assets 6,368 4,845 Cash, cash equivalents, and restricted cash shown in the statement of cash flows $ 57,186 $ 64,564

Revenue and Related Contract _2

Revenue and Related Contract Costs and Contract Liabilities (Tables)	3 Months Ended
	Mar. 31, 2023
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, 2022 $ 44,757 Cash additions 46,143 Revenue recognized ( 27,321 ) Foreign exchange translation adjustment ( 1,653 ) Balance at March 31, 2023 $ 61,926
Summary of Changes in Contract Costs	Changes to contract costs are as follows: (in thousands) Balance at December 31, 2022 $ 16,568 Additions 16,848 Expenses ( 9,805 ) Foreign exchange translation adjustment 112 Balance at March 31, 2023 $ 23,723
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 Three Months Ended March 31, (in thousands) 2023 2022 Services: Ticket revenue $ 14,261 $ 9,202 Rooms revenue 7,590 6,903 Transportation 1,945 1,179 Other 1,367 1,370 Total services revenue 25,163 18,654 Products: Food and beverage 5,875 4,093 Retail operations 1,625 1,037 Total products revenue 7,500 5,130 Total revenue $ 32,663 $ 23,784 Timing of revenue recognition: Services transferred over time $ 25,163 $ 18,654 Products transferred at a point in time 7,500 5,130 Total revenue $ 32,663 $ 23,784 Markets: Banff Jasper Collection $ 17,614 $ 14,330 Alaska Collection 453 497 Glacier Park Collection 1,455 1,009 FlyOver 5,855 4,139 Sky Lagoon 7,286 3,809 Total revenue $ 32,663 $ 23,784 GES Three Months Ended March 31, (in thousands) 2023 2022 Service lines: Spiro $ 60,362 $ 42,816 GES Exhibitions 169,497 111,831 Intersegment eliminations ( 1,731 ) ( 1,071 ) Total revenue $ 228,128 $ 153,576 Timing of revenue recognition: Services transferred over time $ 192,977 $ 132,483 Products transferred over time (1) 12,941 7,938 Products transferred at a point in time 22,210 13,155 Total revenue $ 228,128 $ 153,576 Geographical markets: North America $ 180,839 $ 129,027 EMEA 49,537 25,813 Intersegment eliminations ( 2,248 ) ( 1,264 ) Total revenue $ 228,128 $ 153,576 (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)	3 Months Ended
	Mar. 31, 2023
Share-Based Payment Arrangement [Abstract]
Summary of Share-Based Compensation (income) expense	The following table summarizes share-based compensation expense: Three Months Ended March 31, (in thousands) 2023 2022 Performance-based restricted stock units $ 822 $ 14 Restricted stock awards and restricted stock units 1,643 1,562 Stock options 600 590 Share-based compensation expense before income tax 3,065 2,166 Income tax benefit (1) ( 22 ) ( 17 ) Share-based compensation expense, net of income tax $ 3,043 $ 2,149 (1) The 2023 and 2022 income tax benefit amount primarily reflects the tax benefit associated with our Canadian-based employees.

Acquisitions and Disposition (T

Acquisitions and Disposition (Tables)	3 Months Ended
	Mar. 31, 2023
Business Combinations [Abstract]
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	The following table summarizes the final allocation of the aggregate purchase price and amounts of assets acquired and liabilities assumed based upon the estimated fair value at the date of acquisition. During the three months ended March 31, 2023, we made a purchase accounting measurement period adjustment of approximately $ 41,000 to working capital based on refinements to assumptions used in the preliminary valuation. (in thousands) Purchase price paid as: Cash $ 26,507 Working capital adjustment ( 920 ) Purchase price adjustment 125 Cash acquired ( 177 ) Purchase price, net of cash acquired 25,535 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”) $ 16,828
Schedule of Allocation of Purchase Price	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 14 years

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	Mar. 31, 2023
Inventory Disclosure [Abstract]
Components of Inventories	The components of inventories consisted of the following: March 31, December 31, (in thousands) 2023 2022 Raw materials $ 1,297 $ 1,403 Finished goods 10,406 9,382 Inventories $ 11,703 $ 10,785

Other Current Assets (Tables)

Other Current Assets (Tables)	3 Months Ended
	Mar. 31, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Schedule of Other Current Assets	Other current assets consisted of the following: March 31, December 31, (in thousands) 2023 2022 Restricted cash $ 6,368 $ 4,845 Prepaid software maintenance 4,264 4,650 Prepaid project deposit 3,625 3,615 Prepaid vendor payments 2,411 2,084 Income tax receivable 403 322 Prepaid taxes 309 142 Prepaid other 1,920 1,836 Other 1,736 1,483 Other current assets $ 21,036 $ 18,977

Property and Equipment (Tables)

Property and Equipment (Tables)	3 Months Ended
	Mar. 31, 2023
Property, Plant and Equipment [Abstract]
Schedule of Property and Equipment	Property and equipment consisted of the following: March 31, December 31, (in thousands) 2023 2022 Land and land interests $ 30,922 $ 30,902 Buildings and leasehold improvements 419,877 409,852 Equipment and other 415,536 413,485 Gross property and equipment 866,335 854,239 Accumulated depreciation ( 372,590 ) ( 362,195 ) Property and equipment, net (excluding finance leases) 493,745 492,044 Finance lease ROU assets, net 57,915 57,534 Property and equipment, net $ 551,660 $ 549,578

Other Investments and Assets (T

Other Investments and Assets (Tables)	3 Months Ended
	Mar. 31, 2023
Investments, All Other Investments [Abstract]
Summary of Other Investments and Assets	Other investments and assets consisted of the following: March 31, December 31, (in thousands) 2023 2022 Self-insured liability receivable $ 8,211 $ 8,211 Other mutual funds 3,900 3,490 Contract costs 2,310 2,237 Other 3,840 3,519 Other investments and assets $ 18,261 $ 17,457

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	3 Months Ended
	Mar. 31, 2023
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) Balance at December 31, 2022 $ 121,429 Foreign currency translation adjustments 400 Other (1) 41 Balance at March 31, 2023 $ 121,870 (1) Represents a purchase accounting measurement period adjustment related to the Glacier Raft Company acquisition.
Summary of Other Intangible Assets	Other intangible assets consisted of the following: March 31, 2023 December 31, 2022 (in thousands) Useful Life Gross Accumulated Net Gross Accumulated Net Intangible assets subject to amortization: Customer contracts and relationships 7.5 $ 34,588 $ ( 28,118 ) $ 6,470 $ 37,194 $ ( 30,109 ) $ 7,085 Operating contracts and licenses 34.0 39,854 ( 3,738 ) 36,116 38,993 ( 3,504 ) 35,489 In-place lease 33.5 14,457 ( 1,513 ) 12,944 14,420 ( 1,404 ) 13,016 Tradenames 3.8 5,559 ( 3,508 ) 2,051 5,546 ( 3,324 ) 2,222 Other 4.9 772 ( 174 ) 598 770 ( 163 ) 607 Total amortized intangible assets 95,230 ( 37,051 ) 58,179 96,923 ( 38,504 ) 58,419 Indefinite-lived intangible assets: Business licenses 567 — 567 566 — 566 Other intangible assets, net $ 95,797 $ ( 37,051 ) $ 58,746 $ 97,489 $ ( 38,504 ) $ 58,985
Estimated Future Amortization Expense Related to Intangible Assets Subject to Amortization	At March 31, 2023, the estimated future amortization expense related to intangible assets subject to amortization is as follows: (in thousands) Year ending December 31, Remainder of 2023 $ 3,495 2024 3,641 2025 2,343 2026 2,309 2027 1,912 Thereafter 44,479 Total $ 58,179

Other Current Liabilities (Tabl

Other Current Liabilities (Tables)	3 Months Ended
	Mar. 31, 2023
Other Liabilities, Current [Abstract]
Other Current Liabilities	Other current liabilities consisted of the following: March 31, December 31, (in thousands) 2023 2022 Continuing operations: Commissions payable $ 9,853 $ 5,059 Accrued sales and use taxes 7,251 4,082 Accrued employee benefit costs 5,472 4,920 Self-insured liability 5,009 4,909 Accommodation service deposits 4,612 2,208 Accrued concession fees 3,197 4,297 Foreign income taxes payable 2,101 8,354 Current portion of pension and postretirement liabilities 1,258 1,426 Accrued professional fees 1,180 898 Other 4,814 4,958 Total continuing operations 44,747 41,111 Discontinued operations: Self-insured liability 354 458 Environmental remediation liabilities 46 46 Other 38 38 Total discontinued operations 438 542 Total other current liabilities $ 45,185 $ 41,653

Other Deferred Items and Liab_2

Other Deferred Items and Liabilities (Tables)	3 Months Ended
	Mar. 31, 2023
Other Liabilities Disclosure [Abstract]
Summary of Other Deferred Items and Liabilities	Other deferred items and liabilities consisted of the following: March 31, December 31, (in thousands) 2023 2022 Continuing operations: Foreign deferred tax liability $ 27,537 $ 27,564 Multi-employer pension plan withdrawal liability 13,700 13,815 Self-insured excess liability 8,211 8,211 Self-insured liability 5,261 5,028 Accrued compensation 4,992 4,977 Accrued restructuring 3,051 3,245 Other 3,331 3,071 Total continuing operations 66,083 65,911 Discontinued operations: Environmental remediation liabilities 2,162 2,177 Self-insured liability 1,718 1,631 Other 305 305 Total discontinued operations 4,185 4,113 Total other deferred items and liabilities $ 70,268 $ 70,024

Debt and Finance Lease Obliga_2

Debt and Finance Lease Obligations (Tables)	3 Months Ended
	Mar. 31, 2023
Debt Disclosure [Abstract]
Schedule of Debt and Finance Lease Obligations	The components of debt and finance obligations consisted of the following: March 31, December 31, (in thousands, except interest rates) 2023 2022 2021 Credit Facility - Term Loan B, 9.9 % interest rate at March 31, 2023 and 9.4 % at December 31, 2022, due through 2028 (1) $ 394,000 $ 395,000 Forest Park Hotel Construction Loan, 6.5 % interest rate at March 31, 2023 and 8.8 % at December 31, 2022, due through 2028 (1) 12,400 11,491 FlyOver Iceland Credit Facility, 7.7 % interest rate at March 31, 2023 and 6.9 % at December 31, 2022, due through 2027 (1) 4,742 4,965 FlyOver Iceland Term Loans, 11.8 % weighted-average interest rate at March 31, 2023 and 10.1 % at December 31, 2022, due through 2024 (1) 564 594 Less unamortized debt issuance costs ( 10,757 ) ( 11,848 ) Total debt 400,949 400,202 Finance lease obligations, 9.1 % weighted-average interest rate at March 31, 2023 and December 31, 2022, due through 2067 64,538 64,729 Financing arrangements 2,178 5,013 Total debt and finance obligations (2)(3) 467,665 469,944 Current portion ( 10,751 ) ( 13,192 ) Long-term debt and finance obligations $ 456,914 $ 456,752 (1) Represents the weighted-average interest rate in effect as of the end of the respective periods, including any applicable margin. The interest rates do not include amortization of debt issuance costs or commitment fees . (2) The estimated fair value of total debt and finance leases was $ 318.1 million as of March 31, 2023 and $ 301.8 million as of December 31, 2022. 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 14 – Fair Value Measurements . (3) Cash paid for interest on debt was $ 11.4 million during the three months ended March 31, 2023 and $ 7.0 million during the three months ended March 31, 2022 .

Derivative (Tables)

Derivative (Tables)	3 Months Ended
	Mar. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Fair Value Of Interest Rate Cap	The fair value of the interest rate cap is as follows: March 31, December 31, (in thousands) Classification 2023 2022 Derivatives designated as hedging instruments Interest rate cap - short-term Other current liabilities $ 356 $ — Interest rate cap - long-term Other deferred items and liabilities 284 — Total derivatives designated as hedging instruments $ 640 $ —

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2023
Fair Value Disclosures [Abstract]
Summary of Fair Value Assets Measured on Recurring Basis	The fair value of assets and liabilities measured at fair value on a recurring basis are as follows: Fair Value Measurements at Reporting Date Using (in thousands) March 31, 2023 Quoted Prices Significant Significant Assets: Other mutual funds (1) $ 3,900 $ 3,900 $ — $ — Total assets at fair value on a recurring basis $ 3,900 $ 3,900 $ — $ — Liabilities: Interest rate cap (2) $ 640 $ — $ 640 $ — Total liabilities at fair value on a recurring basis $ 640 $ — $ 640 $ — Fair Value Measurements at Reporting Date Using (in thousands) December 31, 2022 Quoted Prices Significant Significant Assets: Other mutual funds (1) $ 3,490 $ 3,490 $ — $ — Total assets at fair value on a recurring basis $ 3,490 $ 3,490 $ — $ — (1) We include other mutual funds in “Other investments and assets” in the Condensed Consolidated Balance Sheets. (2) Refer to Note 13 - Derivatives.

Loss Per Share (Tables)

Loss Per Share (Tables)	3 Months Ended
	Mar. 31, 2023
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 March 31, (in thousands, except per share data) 2023 2022 Net loss attributable to Viad $ ( 20,869 ) $ ( 29,001 ) Less: Allocation to participating securities — — Convertible preferred stock dividends paid in cash ( 1,950 ) ( 1,950 ) Adjustment to the redemption value of redeemable noncontrolling interest — ( 351 ) Net loss allocated to Viad common stockholders (basic) $ ( 22,819 ) $ ( 31,302 ) Add: Allocation to participating securities — — Net loss allocated to Viad common stockholders (diluted) $ ( 22,819 ) $ ( 31,302 ) Basic weighted-average outstanding common shares 20,751 20,518 Additional dilutive shares related to share-based compensation — — Diluted weighted-average outstanding shares 20,751 20,518 Loss per share: Basic loss attributable to Viad common stockholders $ ( 1.10 ) $ ( 1.53 ) Diluted loss attributable to Viad common stockholders (1) $ ( 1.10 ) $ ( 1.53 )
Schedule of Excluded Weighted-Average Potential Common Shares from Calculations of Diluted Net Loss Per Common Shares	We excluded the following weighted-average potential common shares from the calculations of diluted net loss per common share during the applicable periods because their inclusion would have been anti-dilutive: Three Months Ended March 31, (in thousands) 2023 2022 Convertible preferred stock 6,674 6,674 Unvested restricted share-based awards 225 207 Unvested performance share-based awards 101 37 Stock options 378 166

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Loss) (Tables)	3 Months Ended
	Mar. 31, 2023
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 Unrealized Loss on Interest Rate Cap Accumulated Balance at December 31, 2022 $ ( 42,983 ) $ ( 4,202 ) $ — $ ( 47,185 ) Other comprehensive income (loss) before reclassifications 1,195 — ( 800 ) 395 Amounts reclassified from AOCI, net of tax — ( 10 ) — ( 10 ) Net other comprehensive income (loss) 1,195 ( 10 ) ( 800 ) 385 Balance at March 31, 2023 $ ( 41,788 ) $ ( 4,212 ) $ ( 800 ) $ ( 46,800 ) (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 3,412 — 3,412 Amounts reclassified from AOCI, net of tax — 407 407 Net other comprehensive income 3,412 407 3,819 Balance at March 31, 2022 $ ( 12,750 ) $ ( 10,860 ) $ ( 23,610 )

Pension and Postretirement Be_2

Pension and Postretirement Benefits (Tables)	3 Months Ended
	Mar. 31, 2023
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 March 31, 2023 and 2022 consist of the following: Domestic Plans Pension Plans Postretirement Benefit Plans Foreign Pension Plans (in thousands) 2023 2022 2023 2022 2023 2022 Service cost $ — $ — $ 6 $ 10 $ 44 $ 85 Interest cost 211 125 93 54 92 88 Expected return on plan assets ( 40 ) ( 2 ) — — ( 86 ) ( 125 ) Amortization of prior service credit ( 8 ) — 29 22 — — Recognized net actuarial (gain) loss 71 134 ( 44 ) 23 33 35 Net periodic benefit cost $ 234 $ 257 $ 84 $ 109 $ 83 $ 83 Settlement cost — 115 — — — 533 Total expenses $ 234 $ 372 $ 84 $ 109 $ 83 $ 616

Restructuring Charges (Tables)

Restructuring Charges (Tables)	3 Months Ended
	Mar. 31, 2023
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, 2022 $ 1,609 $ 1,818 $ 12 $ 3,439 Restructuring charges 135 311 7 453 Cash payments ( 205 ) ( 289 ) ( 14 ) ( 508 ) Adjustment to liability — 18 ( 5 ) 13 Balance at March 31, 2023 $ 1,539 $ 1,858 $ — $ 3,397

Leases and Other (Tables)

Leases and Other (Tables)	3 Months Ended
	Mar. 31, 2023
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: March 31, December 31, (in thousands) Classification on the Condensed Consolidated Balance Sheet 2023 2022 Assets: Operating lease assets Operating lease ROU assets $ 101,699 $ 102,777 Finance lease assets Property and equipment, net 57,915 57,534 Total lease assets $ 159,614 $ 160,311 Liabilities: Current: Operating lease obligations Operating lease obligations $ 14,723 $ 13,463 Finance lease obligations Current portion of debt and finance obligations 3,052 2,978 Noncurrent: Operating lease obligations Long-term operating lease obligations 98,981 101,297 Finance lease obligations Long-term debt and finance obligations 61,486 61,751 Total lease liabilities $ 178,242 $ 179,489
Components of Lease Expense	The components of lease expense consisted of the following: Three Months Ended March 31, (in thousands) 2023 2022 Finance lease cost: Amortization of ROU assets $ 1,056 $ 1,051 Interest on lease liabilities 1,410 1,435 Operating lease cost 6,207 5,822 Short-term lease cost 435 364 Variable lease cost 1,228 1,014 Total lease cost, net $ 10,336 $ 9,686
Schedule of Other Information Related to Operating and Finance Leases	Other information related to operating and finance leases are as follows: Three Months Ended March 31, (in thousands) 2023 2022 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 6,652 $ 5,798 Operating cash flows from finance leases $ 1,517 $ 1,467 Financing cash flows from finance leases $ 605 $ 724 ROU assets obtained in exchange for lease obligations: Operating leases $ 3,016 $ 9,331 Finance leases (1) $ ( 13 ) $ 3,107 (1) Includes terminations of equipment finance leases. March 31, December 31, 2023 2022 Weighted-average remaining lease term (years): Operating leases 8.35 8.51 Finance leases 34.02 34.07 Weighted-average discount rate: Operating leases 7.32 % 7.25 % Finance leases 9.13 % 9.12 %
Schedule of Estimated Future Minimum Lease Payments Under Non-cancellable Leases Excluding Variable Leases and Variable Non-lease Components	As of March 31, 2023, 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 2023 $ 16,543 $ 6,615 $ 23,158 2024 22,308 7,751 30,059 2025 20,190 6,927 27,117 2026 19,353 6,418 25,771 2027 15,836 6,255 22,091 Thereafter 64,052 180,776 244,828 Total future lease payments 158,282 214,742 373,024 Less: Amount representing interest ( 44,578 ) ( 150,204 ) ( 194,782 ) Present value of minimum lease payments 113,704 64,538 178,242 Current portion ( 14,723 ) ( 3,052 ) ( 17,775 ) Long-term portion $ 98,981 $ 61,486 $ 160,467
Schedule of Estimated Future Minimum Rentals Under Non-cancellable Leases	As of March 31, 2023, 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 2023 $ 1,326 2024 1,548 2025 1,342 2026 1,105 2027 465 Thereafter 593 Total minimum rents $ 6,379 Lease Not Yet Commenced As of March 31, 2023, we had executed a facility lease for which we did not have control of the underlying assets. Accordingly, we did not record the lease liability and ROU asset on our Condensed Consolidated Balance Sheets. This lease is for a new FlyOver attraction, FlyOver Canada Toronto. The lease commencement date was originally planned for 2023, however, it has been postponed due to permitting and other related delays. Upon commencement date, it will have a lease term of 20 years.

Noncontrolling Interest _ Red_2

Noncontrolling Interest – Redeemable and Non-redeemable (Tables)	3 Months Ended
	Mar. 31, 2023
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, 2022 $ 4,956 Net loss attributable to redeemable noncontrolling interest ( 123 ) Foreign currency translation adjustment 142 Balance at March 31, 2023 $ 4,975 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, 2022 $ 16,690 $ 55,702 $ 9,918 $ 82,310 Net income (loss) attributable to non-redeemable noncontrolling interest ( 596 ) ( 649 ) 847 ( 398 ) Foreign currency translation adjustments — 143 422 565 Balance at March 31, 2023 $ 16,094 $ 55,196 $ 11,187 $ 82,477 Equity ownership interest that we do not own 20 % 40 % 49 % (1) Includes Mountain Park Lodges and the Golden Skybridge at Brewster, part of the Banff Jasper Collection.

Segment Information (Tables)

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

Overview and Basis of Present_4

Overview and Basis of Presentation - Narrative (Details)	3 Months Ended
	Mar. 31, 2023 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	29 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	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022	Dec. 31, 2021
Cash and Cash Equivalents [Abstract]
Cash and cash equivalents	$ 50,818	$ 59,719
Restricted cash included in other current assets	$ 6,368	$ 4,845
Restricted Cash and Cash Equivalents, Current, Asset, Statement of Financial Position [Extensible List]	Cash, cash equivalents, and restricted cash shown in the statement of cash flows	Cash, cash equivalents, and restricted cash shown in the statement of cash flows
Cash, cash equivalents, and restricted cash shown in the statement of cash flows	$ 57,186	$ 64,564	$ 62,937	$ 64,303

Revenue and Related Contract _3

Revenue and Related Contract Costs and Contract Liabilities - Narrative (Details) - USD ($)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
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	$ 23,700,000
Impairment loss on capitalized contract costs	$ 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	3 Months Ended
	Mar. 31, 2023 USD ($)
Revenue from Contract with Customer [Abstract]
Balance at December 31, 2022	$ 44,757
Cash additions	46,143
Revenue recognized	(27,321)
Foreign exchange translation adjustment	(1,653)
Balance at March 31, 2023	$ 61,926

Revenue and Related Contract _5

Revenue and Related Contract Costs and Contract Liabilities - Summary of Changes in Contract Costs (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2023 USD ($)
Revenue from Contract with Customer [Abstract]
Balance at December 31, 2022	$ 16,568
Additions	16,848
Expenses	(9,805)
Foreign exchange translation adjustment	112
Balance at March 31, 2023	$ 23,723

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
		Mar. 31, 2023	Mar. 31, 2022
Disaggregation Of Revenue [Line Items]
Total revenue		$ 260,791	$ 177,360
GES
Disaggregation Of Revenue [Line Items]
Total revenue		228,128	153,576
GES | Intersegment Eliminations
Disaggregation Of Revenue [Line Items]
Total revenue		(2,248)	(1,264)
Pursuit
Disaggregation Of Revenue [Line Items]
Total revenue		32,663	23,784
Pursuit | Operating Segments
Disaggregation Of Revenue [Line Items]
Total revenue		32,663	23,784
North America | GES
Disaggregation Of Revenue [Line Items]
Total revenue		180,839	129,027
EMEA | GES
Disaggregation Of Revenue [Line Items]
Total revenue		49,537	25,813
Services Transferred Over Time | GES
Disaggregation Of Revenue [Line Items]
Total revenue		192,977	132,483
Services Transferred Over Time | Pursuit
Disaggregation Of Revenue [Line Items]
Total revenue		25,163	18,654
Products Transferred Over Time | GES
Disaggregation Of Revenue [Line Items]
Total revenue	[1]	12,941	7,938
Products Transferred at a Point in Time | GES
Disaggregation Of Revenue [Line Items]
Total revenue		22,210	13,155
Products Transferred at a Point in Time | Pursuit
Disaggregation Of Revenue [Line Items]
Total revenue		7,500	5,130
Ticket revenue [Member] | Pursuit
Disaggregation Of Revenue [Line Items]
Total revenue		14,261	9,202
Rooms revenue [Member] | Pursuit
Disaggregation Of Revenue [Line Items]
Total revenue		7,590	6,903
Other | Pursuit
Disaggregation Of Revenue [Line Items]
Total revenue		1,367	1,370
Transportation | Pursuit
Disaggregation Of Revenue [Line Items]
Total revenue		1,945	1,179
Total Services | Pursuit
Disaggregation Of Revenue [Line Items]
Total revenue		25,163	18,654
Food and Beverage | Pursuit
Disaggregation Of Revenue [Line Items]
Total revenue		5,875	4,093
Retail Operations | Pursuit
Disaggregation Of Revenue [Line Items]
Total revenue		1,625	1,037
Total Products Revenue
Disaggregation Of Revenue [Line Items]
Total revenue		42,651	26,223
Total Products Revenue | Pursuit
Disaggregation Of Revenue [Line Items]
Total revenue		7,500	5,130
Banff Jasper Collection | Pursuit
Disaggregation Of Revenue [Line Items]
Total revenue		17,614	14,330
Alaska Collection | Pursuit
Disaggregation Of Revenue [Line Items]
Total revenue		453	497
Spiro | GES
Disaggregation Of Revenue [Line Items]
Total revenue		60,362	42,816
GES-Exhibitions | GES
Disaggregation Of Revenue [Line Items]
Total revenue		169,497	111,831
GES intersegment eliminations | GES
Disaggregation Of Revenue [Line Items]
Total revenue		(1,731)	(1,071)
Glacier Park Collection | Pursuit
Disaggregation Of Revenue [Line Items]
Total revenue		1,455	1,009
FlyOver | Pursuit
Disaggregation Of Revenue [Line Items]
Total revenue		5,855	4,139
Sky Lagoon | Pursuit
Disaggregation Of Revenue [Line Items]
Total revenue		$ 7,286	$ 3,809
[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	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	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	$ 412	$ 518
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	881,064

Share-Based Compensation - Summ

Share-Based Compensation - Summary of Share-Based Compensation (income) expense (Details) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2023	Mar. 31, 2022
Summary of share-based compensation expense
Share-based compensation expense before income tax		$ 3,065	$ 2,166
Income tax benefit	[1]	(22)	(17)
Share-based compensation expense, net of income tax		3,043	2,149
Performance-based Restricted Stock Units
Summary of share-based compensation expense
Share-based compensation expense before income tax		822	14
Restricted Stock Awards And Restricted Stock Units
Summary of share-based compensation expense
Share-based compensation expense before income tax		1,643	1,562
Stock Options
Summary of share-based compensation expense
Share-based compensation expense before income tax		$ 600	$ 590
[1] The 2023 and 2022 income tax benefit amount primarily reflects the tax benefit associated with our Canadian-based employees.

Acquisitions and Disposition -

Acquisitions and Disposition - Narrative (Details) $ in Thousands			3 Months Ended
	Dec. 15, 2022 USD ($)	Apr. 06, 2022 USD ($) Logs	Mar. 31, 2023 USD ($)
Business Acquisition and Disposition [Line Items]
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Financial Assets			$ 41,000
Glacier Raft
Business Acquisition and Disposition [Line Items]
Number of log cabins | Logs		13
Purchase price		$ 26,507
Glacier Raft | Cash on hand
Business Acquisition and Disposition [Line Items]
Purchase price		11,500
Glacier Raft | Revolving Credit Facility
Business Acquisition and Disposition [Line Items]
Purchase price		$ 15,000
ON Services [Member]
Business Acquisition and Disposition [Line Items]
Business disposition net assets property and equipment	$ 6,000
Total consideration	30,000
Gain on disposition of ON Services	(19,600)
Total assets sold	10,400
Net Working Capital	4,900
Non-current assets	5,500
Business Disposition Recognized Identifiable Assets Sold And Liabilities Assumed Current Assets Receivables	8,200
Business Disposition, Recognized Identifiable Assets Sold and Liabilities Assumed, Current Assets, Other	700
Other current liabilities	4,000
Other liability	$ 500

Acquisitions and Disposition _2

Acquisitions and Disposition - Schedule of Recognized Identified Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Thousands	Apr. 06, 2022	Mar. 31, 2023	Dec. 31, 2022
Business Acquisition [Line Items]
Excess purchase price over fair value of net assets acquired (''goodwill'')		$ 121,870	$ 121,429
Glacier Raft [Member]
Business Acquisition [Line Items]
Purchase price	$ 26,507
Working capital adjustment	(920)
Purchase price adjustment	125
Cash acquired	(177)
Purchase price, net of cash acquired	25,535
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'')	$ 16,828

Acquisitions and Disposition _3

Acquisitions and Disposition - Schedule of Purchase Price Allocated to Intangible Assets Acquired (Details) - Glacier Raft [Member] $ in Thousands	3 Months Ended
	Mar. 31, 2023 USD ($)
Business Acquisition [Line Items]
Intangible assets	$ 3,400
Weighted average life	14 years
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	Mar. 31, 2023	Dec. 31, 2022
Components of Inventories
Raw materials	$ 1,297	$ 1,403
Finished goods	10,406	9,382
Inventories	$ 11,703	$ 10,785

Other Current Assets - Schedule

Other Current Assets - Schedule of Other Current Assets (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Restricted cash	$ 6,368	$ 4,845
Prepaid software maintenance	4,264	4,650
Prepaid project deposit	3,625	3,615
Prepaid vendor payments	2,411	2,084
Income tax receivable	403	322
Prepaid taxes	309	142
Prepaid other	1,920	1,836
Other	1,736	1,483
Other current assets	$ 21,036	$ 18,977

Property and Equipment - Schedu

Property and Equipment - Schedule of Property and Equipment (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Property Plant And Equipment [Line Items]
Gross property and equipment	$ 866,335	$ 854,239
Accumulated depreciation	(372,590)	(362,195)
Property Plant and Equipment Net Excluding Finance Leased Assets, Total	493,745	492,044
Finance lease ROU assets, net	57,915	57,534
Property and equipment, net	551,660	549,578
Land and land interests
Property Plant And Equipment [Line Items]
Gross property and equipment	30,922	30,902
Buildings and leasehold improvements
Property Plant And Equipment [Line Items]
Gross property and equipment	419,877	409,852
Equipment and other
Property Plant And Equipment [Line Items]
Gross property and equipment	$ 415,536	$ 413,485

Property and Equipment - Narrat

Property and Equipment - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Property Plant And Equipment [Line Items]
Depreciation expense	$ 10,332	$ 11,006
Property and equipment purchased through accounts payable and accrued liabilities, increased or decreased amount	300	2,100
Capitalized Software
Property Plant And Equipment [Line Items]
Property and equipment purchased through accounts payable and accrued liabilities, increased or decreased amount	$ 300	$ 1,900

Other Investments and Assets -

Other Investments and Assets - Summary of Other Investments and Assets (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Investments, All Other Investments [Abstract]
Self-insured liability receivable	$ 8,211	$ 8,211
Other mutual funds	3,900	3,490
Contract costs	2,310	2,237
Other	3,840	3,519
Other investments and assets	$ 18,261	$ 17,457

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets - Summary of Goodwill Balances by Component and Segment (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2023 USD ($)
Goodwill [Line Items]
Balance, beginning	$ 121,429
Balance, ending	121,870
Pursuit
Goodwill [Line Items]
Balance, beginning	121,429
Foreign currency translation adjustments	400
Other	41	[1]
Balance, ending	$ 121,870
[1] Represents a purchase accounting measurement period adjustment related to the Glacier Raft Company acquisition.

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets - Summary of Other Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
Finite-Lived Intangible Assets, Net [Abstract]
Intangible assets subject to amortization, Gross Carrying Value	$ 95,230	$ 96,923
Intangible assets subject to amortization, Accumulated Amortization	(37,051)	(38,504)
Total	58,179	58,419
Other intangible assets net, Gross Carrying Value	95,797	97,489
Other intangible assets net, Net Carrying Value	58,746	58,985
Other intangible assets net, Accumulated Amortization	$ (37,051)	(38,504)
Customer contracts and relationships
Finite-Lived Intangible Assets, Net [Abstract]
Intangible assets subject to amortization, Useful Life (Years)	7 years 6 months
Intangible assets subject to amortization, Gross Carrying Value	$ 34,588	37,194
Intangible assets subject to amortization, Accumulated Amortization	(28,118)	(30,109)
Total	$ 6,470	7,085
Operating contracts and licenses
Finite-Lived Intangible Assets, Net [Abstract]
Intangible assets subject to amortization, Useful Life (Years)	34 years
Intangible assets subject to amortization, Gross Carrying Value	$ 39,854	38,993
Intangible assets subject to amortization, Accumulated Amortization	(3,738)	(3,504)
Total	$ 36,116	35,489
In-place lease
Finite-Lived Intangible Assets, Net [Abstract]
Intangible assets subject to amortization, Useful Life (Years)	33 years 6 months
Intangible assets subject to amortization, Gross Carrying Value	$ 14,457	14,420
Intangible assets subject to amortization, Accumulated Amortization	(1,513)	(1,404)
Total	$ 12,944	13,016
Tradenames
Finite-Lived Intangible Assets, Net [Abstract]
Intangible assets subject to amortization, Useful Life (Years)	3 years 9 months 18 days
Intangible assets subject to amortization, Gross Carrying Value	$ 5,559	5,546
Intangible assets subject to amortization, Accumulated Amortization	(3,508)	(3,324)
Total	$ 2,051	2,222
Other
Finite-Lived Intangible Assets, Net [Abstract]
Intangible assets subject to amortization, Useful Life (Years)	4 years 10 months 24 days
Intangible assets subject to amortization, Gross Carrying Value	$ 772	770
Intangible assets subject to amortization, Accumulated Amortization	(174)	(163)
Total	598	607
Business licenses
Finite-Lived Intangible Assets, Net [Abstract]
Total	567	566
Other intangible assets net, Net Carrying Value	$ 567	$ 566

Goodwill and Other Intangible_5

Goodwill and Other Intangible Assets - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Segment Reporting Information [Line Items]
Goodwill	$ 121,870		$ 121,429
Services
Segment Reporting Information [Line Items]
Intangible asset amortization expense	$ 1,100	$ 1,200

Goodwill and Other Intangible_6

Goodwill and Other Intangible Assets - Estimated Future Amortization Expense Related to Intangible Assets Subject to Amortization (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Estimated amortization expense related to amortized intangible assets
Remainder of 2023	$ 3,495
2024	3,641
2025	2,343
2026	2,309
2027	1,912
Thereafter	44,479
Total	$ 58,179	$ 58,419

Other Current Liabilities - Sch

Other Current Liabilities - Schedule of Other Current Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Continuing operations:
Commissions payable	$ 9,853	$ 5,059
Accrued sales and use taxes	7,251	4,082
Accrued employee benefit costs	5,472	4,920
Self-insured liability	5,009	4,909
Accommodation service deposits	4,612	2,208
Accrued concession fees	3,197	4,297
Foreign income taxes payable	2,101	8,354
Current portion of pension and postretirement liabilities	1,258	1,426
Accrued professional fees	1,180	898
Other	4,814	4,958
Total continuing operations	44,747	41,111
Discontinued operations:
Self-insured liability	354	458
Environmental remediation liabilities	46	46
Other	38	38
Total discontinued operations	438	542
Total other current liabilities	$ 45,185	$ 41,653

Other Deferred Items and Liab_3

Other Deferred Items and Liabilities - Summary of Other Deferred Items and Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Continuing operations:
Foreign deferred tax liability	$ 27,537	$ 27,564
Multi-employer pension plan withdrawal liability	13,700	13,815
Self-insured excess liability	8,211	8,211
Self-insured liability	5,261	5,028
Accrued compensation	4,992	4,977
Accrued restructuring	3,051	3,245
Other	3,331	3,071
Total continuing operations	66,083	65,911
Discontinued operations:
Environmental remediation liabilities	2,162	2,177
Self-insured liability	1,718	1,631
Other	305	305
Total discontinued operations	4,185	4,113
Total other deferred items and liabilities	$ 70,268	$ 70,024

Debt and Finance Lease Obliga_3

Debt and Finance Lease Obligations - Schedule of Debt and Finance Lease Obligations (Details) - USD ($) $ in Thousands		Mar. 31, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Less unamortized debt issuance costs		$ (10,757)	$ (11,848)
Total debt		400,949	400,202
Finance lease obligations, [9.1%] weighted-average interest rate at June 30, 2022 and December 31, 2021, due through 2067		64,538	64,729
Financing arrangements		2,178	5,013
Total debt and finance lease obligations	[1],[2]	467,665	469,944
Current portion		(10,751)	(13,192)
Long-term debt and finance lease obligations		456,914	456,752
Forest Park Hotel Construction Loan Facility
Debt Instrument [Line Items]
Credit facility	[3]	12,400	11,491
Fly Over Iceland Term Loan
Debt Instrument [Line Items]
Credit facility	[3]	564	594
2021 Credit Agreement | Term Loan B
Debt Instrument [Line Items]
Credit facility	[3]	394,000	395,000
2018 Credit Agreement | FlyOver Iceland Credit Facility
Debt Instrument [Line Items]
Credit facility	[3]	$ 4,742	$ 4,965
[1] Cash paid for interest on debt was $ 11.4 million during the three months ended March 31, 2023 and $ 7.0 million during the three months ended March 31, 2022 The estimated fair value of total debt and finance leases was $ 318.1 million as of March 31, 2023 and $ 301.8 million as of December 31, 2022. 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 14 – Fair Value Measurements Represents the weighted-average interest rate in effect as of the end of the respective periods, including any applicable margin. The interest rates do not include amortization of debt issuance costs 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	3 Months Ended	12 Months Ended
	Mar. 31, 2023	Dec. 31, 2022	May 17, 2022
Debt Instrument [Line Items]
Weighted average interest rate on long term debt	9.10%	9.10%
Fair value of debt	$ 318.1	$ 301.8
Cash paid for interest on debt	$ 11.4	$ 7
Forest Park Hotel Construction Loan Facility
Debt Instrument [Line Items]
Interest rate on credit facility	6.50%	8.80%	2.35%
FlyOver Iceland Credit Facility
Debt Instrument [Line Items]
Interest rate on credit facility	7.70%	6.90%
Fly Over Iceland Term Loan
Debt Instrument [Line Items]
Weighted average interest rate on long term debt	11.80%	10.10%
2021 Credit Facility | Term Loan B
Debt Instrument [Line Items]
Interest rate on credit facility	9.90%	9.40%

Debt and Finance Lease Obliga_5

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

3 Months Ended

12 Months Ended

Dec. 01, 2021

Jul. 30, 2021 USD ($)

Mar. 31, 2023 USD ($)

Dec. 31, 2020 USD ($)

Feb. 06, 2023

Dec. 31, 2022 USD ($)

May 17, 2022 USD ($)

Jan. 01, 2022 USD ($)

Jan. 01, 2022 ISK (kr)

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]

Line Of Credit Facility Date Of First Required Payment

Dec. 01, 2021

interest rate cap agreement [ member]

Line Of Credit Facility [Line Items]

Interest rate on credit facility

5%

Finaancing arrangements [ MEMBER]

Line Of Credit Facility [Line Items]

Debt Current

$ 2,200

Premium Payment Due Term

12 months

Financial Arrangements Weighted Average Interest Rate

4.90%

Aggregate amount of premiums financed

$ 9,500

Maximum | London Interbank Offered Rate (LIBOR)

Line Of Credit Facility [Line Items]

Secured overnight financing rate

0.71513%

Secured overnight financing rate

0.71513%

Minimum | London Interbank Offered Rate (LIBOR)

Line Of Credit Facility [Line Items]

Secured overnight financing rate

0.11448%

Secured overnight financing rate

0.11448%

Revolving Credit Facility

Line Of Credit Facility [Line Items]

Borrowing capacity on line of credit

10,900

Remaining borrowing capacity on line of credit

89,100

Line of credit facility, borrowing

$ 10,900

Line of credit facility maximum borrowing capacity

$ 450,000

Revolving Credit Facility | London Interbank Offered Rate (LIBOR)

Line Of Credit Facility [Line Items]

Prime rate

1%

Floor rate

1%

Revolving Credit Facility | Borrowings

Line Of Credit Facility [Line Items]

Credit facility

$ 100,000

Revolving Credit Facility | Bank Of America [Member]

Line Of Credit Facility [Line Items]

Fed funds rate

0.50%

Revolving Credit Facility | Maximum

Line Of Credit Facility [Line Items]

Interest coverage ratio

1%

Leverage ratio

1%

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

Line Of Credit Facility [Line Items]

Base Rate borrowings

3.50%

Leverage ratio

3.50%

Revolving Credit Facility | Minimum

Line Of Credit Facility [Line Items]

Interest coverage ratio

3.48%

Leverage ratio

2.83%

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

Line Of Credit Facility [Line Items]

Base Rate borrowings

1.50%

Leverage ratio

2.50%

Term Loan B | interest rate cap agreement [ member]

Line Of Credit Facility [Line Items]

Interest rate increases

300,000

Forest Park Hotel Construction Loan Facility

Line Of Credit Facility [Line Items]

Remaining borrowing capacity on line of credit

$ 16,800

Credit facility

[1]

$ 12,400

$ 11,491

Interest rate on credit facility

6.50%

8.80%

2.35%

Fixed rate term loan

6.50%

Line of credit facility maximum borrowing capacity

$ 17,000

FlyOver Iceland Credit Facility

Line Of Credit Facility [Line Items]

Maturity date

Sep. 01, 2027

Mar. 01, 2022

Debt Instrument, Annual Principal Payment

$ 600

kr 75

Interest rate on credit facility

7.70%

6.90%

Line of credit facility maximum borrowing capacity

$ 5,600

€ 5

Maturity date

March 1, 2025

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]

$ 564

$ 594

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]

$ 4,742

$ 4,965

2021 Credit Facility

Line Of Credit Facility [Line Items]

Line of credit facility maximum borrowing capacity

500,000

Fees

$ 14,800

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

Line Of Credit Facility [Line Items]

Interest rate description

0.50

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

Line Of Credit Facility [Line Items]

Interest rate description

0.30

2021 Credit Facility | Revolving Credit Facility

Line Of Credit Facility [Line Items]

Maturity date

Jul. 30, 2026

Line of credit facility maximum borrowing capacity

$ 100,000

2021 Credit Facility | Revolving Credit Facility | Maximum

Line Of Credit Facility [Line Items]

Leverage ratio

4.50%

Debt covenant, interest coverage ratio

4%

2021 Credit Facility | Revolving Credit Facility | Minimum

Line Of Credit Facility [Line Items]

Interest coverage ratio

2%

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

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% credit spread, with a SOFR 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]

Line of credit facility maximum borrowing capacity | kr

kr 30

Line Of Term Loan Amendment Description

bears interest on a seven-day term deposit at the Central Bank of Iceland plus 3.07%. The third term loan for ISK 50.0 million was entered into effective December 29, 2020 with an original maturity date of February 1, 2023 and bears interest at one-month Reykjavik InterBank Offered Rate (“REIBOR”) plus 4.99%. Effective November 23, 2022, FlyOver Iceland entered into an amendment to the ISK 50.0 million term loan wherein the maturity date was extended to February 1, 2024. 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

Third Term Loan | Fly Over Iceland Term Loan

Line Of Credit Facility [Line Items]

Line of credit facility maximum borrowing capacity | kr

kr 50

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

Derivative (Additional Informat

Derivative (Additional Information) (Details) - USD ($) $ in Thousands		3 Months Ended
	Feb. 28, 2023	Mar. 31, 2023	Jan. 04, 2023
Derivative [Line Items]
Unrealized losses		$ 800
Reclassified to earnings		1,100
Approximately reclassified to earnings		$ 4,000
Interest Rate Cap Agreement [Member]
Derivative [Line Items]
Derivative, notional amount			$ 300,000
Derivative, fixed interest rate			5%
Interest Rate Cap Agreement [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Derivative [Line Items]
Interest rate cap premium rate	0.3335%
Derivative maturity dates	Jan. 31, 2025

Derivative - Schedule Of Fair V

Derivative - Schedule Of Fair Value Of Intetest Rate Cap (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Derivative [Line Items]
Total derivatives designated as hedging instruments	$ 640
Short Term Interest Rate Cap
Derivative [Line Items]
Derivatives designated as hedging instruments, Derivative liablity, current	$ 356
Derivative Liability, Current, Statement of Financial Position [Extensible Enumeration]	Other Liabilities, Current
Long Term Interest Rate Cap
Derivative [Line Items]
Derivatives designated as hedging instruments, Derivative liablity, non current	$ 284
Derivative Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration]	Deferred Credits and Other Liabilities

Fair Value Measurements - Summa

Fair Value Measurements - Summary of Fair Value Assets Measured on Recurring Basis (Details) - Fair Value, Measurements, Recurring - USD ($) $ in Thousands		Mar. 31, 2023	Dec. 31, 2022
Fair value information related to assets
Assets		$ 3,900	$ 3,490
Liabilities		640
Quoted Prices in Active Markets (Level 1)
Fair value information related to assets
Assets		3,900	3,490
Significant Other Observable Inputs (Level 2)
Fair value information related to assets
Liabilities		640
Other mutual funds
Fair value information related to assets
Assets	[1]	3,900	3,490
Other mutual funds | Quoted Prices in Active Markets (Level 1)
Fair value information related to assets
Assets	[1]	3,900	$ 3,490
Interest rate cap
Fair value information related to assets
Liabilities	[2]	640
Interest rate cap | Significant Other Observable Inputs (Level 2)
Fair value information related to assets
Liabilities	[2]	$ 640
[1] We include other mutual funds in “Other investments and assets” in the Condensed Consolidated Balance Sheets. Refer to Note 13 - Derivatives.

Loss Per Share - Reconciliation

Loss Per Share - Reconciliation of Basic and Diluted Loss Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands		3 Months Ended
		Mar. 31, 2023	Mar. 31, 2022
Numerator:
Net loss attributable to Viad		$ (20,869)	$ (29,001)
Less: Allocation to participating securities		0	0
Dividends on convertible preferred stock		(1,950)	(1,950)
Adjustment to the redemption value of redeemable noncontrolling interest		0	(351)
Net loss allocated to Viad common stockholders (basic)		(22,819)	(31,302)
Add: Allocation to participating securities		0	0
Net loss allocated to Viad common stockholders (diluted)		$ (22,819)	$ (31,302)
Denominator:
Basic weighted-average outstanding common shares		20,751	20,518
Additional dilutive shares related to share-based compensation		0	0
Diluted weighted-average outstanding shares		20,751	20,518
Basic loss attributable to Viad common stockholders		$ (1.10)	$ (1.53)
Diluted loss attributable to Viad common stockholders	[1]	$ (1.10)	$ (1.53)
Paid in Cash
Numerator:
Dividends on convertible preferred stock		$ (1,950)	$ (1,950)
[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
	Mar. 31, 2023	Mar. 31, 2022
Convertible Preferred Stock
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Common stock shares effect would be anti-dilutive	6,674	6,674
Unvested Restricted Share-Based Awards
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Common stock shares effect would be anti-dilutive	225	207
Unvested Performance Share-based Awards
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Common stock shares effect would be anti-dilutive	101	37
Stock Options
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Common stock shares effect would be anti-dilutive	378	166

Common and Preferred Stock - Na

Common and Preferred Stock - Narrative (Details) - USD ($) $ / shares in Units, $ in Millions		3 Months Ended
	Aug. 05, 2020	Mar. 31, 2023	Dec. 31, 2022	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		$ 2
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	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance	$ 96,840	$ 91,838
Ending Balance	78,229	66,920
Cumulative Foreign Currency Translation Adjustments
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance	(42,983)	(16,162)
Other comprehensive income (loss) before reclassifications	1,195	3,412
Amounts reclassified from AOCI, net of tax
Net other comprehensive income (loss)	1,195	3,412
Ending Balance	(41,788)	(12,750)
Unrecognized Net Actuarial Loss and Prior Service Credit, Net
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance	(4,202)	(11,267)
Other comprehensive income (loss) before reclassifications
Amounts reclassified from AOCI, net of tax	(10)	407
Net other comprehensive income (loss)	(10)	407
Ending Balance	(4,212)	(10,860)
Unrealized Loss on Interest Rate Cap
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance
Other comprehensive income (loss) before reclassifications	(800)
Amounts reclassified from AOCI, net of tax
Net other comprehensive income (loss)	(800)
Ending Balance	(800)
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance	(47,185)	(27,429)
Other comprehensive income (loss) before reclassifications	395	3,412
Amounts reclassified from AOCI, net of tax	(10)	407
Net other comprehensive income (loss)	385	3,819
Ending Balance	$ (46,800)	$ (23,610)

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Operating Loss Carryforwards [Line Items]
Effective income tax rate	2.60%	7.80%
Paid cash for income taxes	$ 8	$ 1.4
Payment to Canadian taxing authorities	7.3
Valuation allowance	$ 2.1
Maximum [Member]
Operating Loss Carryforwards [Line Items]
Federal statutory tax rate	21%	21%

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
	Mar. 31, 2023	Mar. 31, 2022
Pension Plans
Net periodic benefit cost:
Net periodic benefit cost	$ 234	$ 372
Total expenses	234	372
Postretirement Benefit Plans
Net periodic benefit cost:
Net periodic benefit cost	84	109
Total expenses	84	109
Domestic Plans | Pension Plans
Net periodic benefit cost:
Service cost	0	0
Interest cost	211	125
Expected return on plan assets	(40)	(2)
Amortization of prior service credit	(8)	0
Recognized net actuarial loss	71	134
Net periodic benefit cost	234	257
Settlement cost	0	115
Total expenses	234	257
Domestic Plans | Postretirement Benefit Plans
Net periodic benefit cost:
Service cost	6	10
Interest cost	93	54
Expected return on plan assets	0	0
Amortization of prior service credit	29	22
Recognized net actuarial loss	(44)	23
Net periodic benefit cost	84	109
Settlement cost	0	0
Total expenses	84	109
Foreign Pension Plans
Net periodic benefit cost:
Service cost	44	85
Interest cost	92	88
Expected return on plan assets	(86)	(125)
Amortization of prior service credit	0	0
Recognized net actuarial loss	33	35
Net periodic benefit cost	83	83
Settlement cost	0	533
Total expenses	83	83
Foreign Pension Plans | Pension Plans
Net periodic benefit cost:
Net periodic benefit cost	83	616
Total expenses	$ 83	$ 616

Pension and Postretirement Be_4

Pension and Postretirement Benefits - Narrative (Details) $ in Millions	3 Months Ended
	Mar. 31, 2023 USD ($)
Postretirement Benefit Plans
Defined Benefit Plan Disclosure [Line Items]
Amount expected to contribute in postretirement benefit plans	$ 0.7
Pension and Other Postretirement Benefit Contributions	0.1
Funded Plans | Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Amount expected to contribute in funded pension plans	0.6
Pension Contributions	0.1
Unfunded Pension Plans | Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Amount expected to contribute in unfunded pension plans	0.8
Pension Contributions	$ 0.2

Restructuring Charges - Changes

Restructuring Charges - Changes to Restructuring Liability by Major Restructuring Activity (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Restructuring Cost And Reserve [Line Items]
Beginning balance	$ 3,439
Restructuring charges	453	$ 654
Cash payments	(508)
Adjustment to liability	13
Ending balance	3,397
GES | Severance & Employee Benefits
Restructuring Cost And Reserve [Line Items]
Beginning balance	1,609
Restructuring charges	135
Cash payments	(205)
Adjustment to liability	0
Ending balance	1,539
GES | Facilities
Restructuring Cost And Reserve [Line Items]
Beginning balance	1,818
Restructuring charges	311
Cash payments	(289)
Adjustment to liability	18
Ending balance	1,858
Other Restructuring | Severance & Employee Benefits
Restructuring Cost And Reserve [Line Items]
Beginning balance	12
Restructuring charges	7
Cash payments	(14)
Adjustment to liability	(5)
Ending balance	$ 0

Restructuring Charges - Narrati

Restructuring Charges - Narrative (Details) $ in Millions	Mar. 31, 2023 USD ($)
Restructuring and Related Activities [Abstract]
Payments of liabilities related to severance and employee benefits	$ 1.5
liabilities related to facilities	$ 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	Mar. 31, 2023	Dec. 31, 2022
Lessee Lease Description [Line Items]
Operating lease assets	$ 101,699	$ 102,777
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Operating lease assets	Operating lease assets
Finance lease assets	$ 57,915	$ 57,534
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Property, Plant and Equipment, Net	Property, Plant and Equipment, Net
Total lease assets	$ 159,614	$ 160,311
Operating lease obligations	$ 14,723	$ 13,463
Operating Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Operating lease obligations	Operating lease obligations
Finance lease obligations	$ 3,052	$ 2,978
Finance Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Long-Term Debt and Lease Obligation	Long-Term Debt and Lease Obligation
Operating lease obligations	$ 98,981	$ 101,297
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration]	Operating lease obligations	Operating lease obligations
Finance lease obligations	$ 61,486	$ 61,751
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration]	Long-Term Debt and Lease Obligation	Long-Term Debt and Lease Obligation
Total lease liabilities	$ 178,242	$ 179,489

Leases and Other - Components o

Leases and Other - Components of Least Expenses (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Finance lease cost:
Amortization of ROU assets	$ 1,056	$ 1,051
Interest on lease liabilities	1,410	1,435
Operating lease cost	6,207	5,822
Short-term lease cost	435	364
Variable lease cost	1,228	1,014
Total lease cost, net	$ 10,336	$ 9,686

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
		Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases		$ 6,652	$ 5,798
Operating cash flows from finance leases		1,517	1,467
Financing cash flows from finance leases		605	724
ROU assets obtained in exchange for lease obligations:
Operating leases		3,016	9,331
Finance leases	[1]	$ 13	$ 3,107
Weighted-average remaining lease term (years):
Operating leases		8 years 4 months 6 days		8 years 6 months 3 days
Finance leases		34 years 7 days		34 years 25 days
Weighted-average discount rate:
Operating leases		7.32%		7.25%
Finance leases		9.13%		9.12%
[1] Includes terminations of equipment finance leases.

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	Mar. 31, 2023	Dec. 31, 2022
Leases [Abstract]
Remainder of 2023	$ 16,543
2024	22,308
2025	20,190
2026	19,353
2027	15,836
Thereafter	64,052
Total future lease payments	158,282
Less: Amount representing interest	(44,578)
Present value of minimum lease payments	113,704
Current portion	(14,723)	$ (13,463)
Long-term operating lease obligations	98,981	101,297
Remainder of 2023	6,615
2024	7,751
2025	6,927
2026	6,418
2027	6,255
Thereafter	180,776
Total future lease payments	214,742
Less: Amount representing interest	(150,204)
Present value of minimum lease payments	64,538	64,729
Current portion	3,052	2,978
Long-term portion	61,486	61,751
Remainder of 2023	23,158
2024	30,059
2025	27,117
2026	25,771
2027	22,091
Thereafter	244,828
Total future lease payments	373,024
Less: Amount representing interest	(194,782)
Total operating and finance lease liablities	178,242	$ 179,489
Current portion	17,775
Long-term portion	$ 160,467

Leases and Other - Schedule o_3

Leases and Other - Schedule of Estimated Future Minimum Rentals Under Non-cancellable Leases (Details) $ in Thousands	Mar. 31, 2023 USD ($)
Leases [Abstract]
Remainder of 2023	$ 1,326
2024	1,548
2025	1,342
2026	1,105
2027	465
Thereafter	593
Total minimum rents	$ 6,379

Leases and Other - Narrative (D

Leases and Other - Narrative (Details) - New flyover Attraction [Member]	3 Months Ended
	Mar. 31, 2023
Lessee Lease Description [Line Items]
Operating lease not yet commenced, description	As of March 31, 2023, we had executed a facility lease for which we did not have control of the underlying assets. Accordingly, we did not record the lease liability and ROU asset on our Condensed Consolidated Balance Sheets. This lease is for a new FlyOver attraction, FlyOver Canada Toronto. The lease commencement date was originally planned for 2023, however, it has been postponed due to permitting and other related delays. Upon commencement date, it will have 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) $ in Millions, $ in Millions	1 Months Ended		3 Months Ended
	May 31, 2023 CAD ($)	May 31, 2023 USD ($)	Mar. 31, 2023 USD ($) Agreement	Mar. 31, 2022 USD ($)
Loss Contingencies [Line Items]
Environmental remediation liability			$ 2.2
Maximum potential amount of future payments			$ 89.6
Guarantees relate to facilities and equipment leased by the company			2040-01
Recourse provision to recover guarantees			$ 0
Bargaining agreements | Agreement			100
Self insurance reserve			$ 10.3
Workers' compensation liability			6.2
Self insurance reserve for general and auto			4.1
Self insurance reserve on discontinued operations			2.1
Estimated employee health benefit claims incurred but not yet reported			1.5
Payments for self insurance			1.5	$ 1.6
General/auto liability claim			1.8
Self insurance reserve in which company is the primary obligor			8.2
Self insurance reserve in which company is the primary obligor for workers compensation			6.4
Subsequent Event
Loss Contingencies [Line Items]
Litigation Settlement, Amount Awarded to Other Party	$ 0.5	$ 0.3
Minimum [Member]
Loss Contingencies [Line Items]
General range on claims			0.2
Maximum
Loss Contingencies [Line Items]
General range on claims			$ 0.5

Redeemable Noncontrolling Inter

Redeemable Noncontrolling Interest - Narrative (Details) - EUR (€) € in Thousands	3 Months Ended
	Mar. 31, 2023	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 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 Put Option Condition has not been met as of March 31, 2023. If the FlyOver Iceland attraction has not achieved the Put Option Condition by December 31, 2024, the put option expires.
Put option exercisable period	12 months
Put option additional exercisable period upon not meeting of conditions	12 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
	Mar. 31, 2023	Mar. 31, 2022
Noncontrolling Interest [Abstract]
Beginning balance	$ 4,956
Net loss attributable to redeemable noncontrolling interest	(123)	$ (138)
Foreign currency translation adjustment	142
Ending balance	$ 4,975

Redeemable Noncontrolling Int_3

Redeemable Noncontrolling Interest - Summary of Changes in Non Redeemable Noncontrolling Interest (Details) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2023	Mar. 31, 2022
Minority Interest [Line Items]
Beginning Balance		$ 82,310
Net income attributable to non-redeemable noncontrolling interest		(398)	$ (1,204)
Foreign currency translation adjustments		565	$ 737
Ending Balance		82,477
Glacier Park Inc
Minority Interest [Line Items]
Beginning Balance		16,690
Net income attributable to non-redeemable noncontrolling interest		(596)
Foreign currency translation adjustments		0
Ending Balance		$ 16,094
Equity ownership interest that we do not own		20%
Brewster
Minority Interest [Line Items]
Beginning Balance	[1]	$ 55,702
Net income attributable to non-redeemable noncontrolling interest	[1]	(649)
Foreign currency translation adjustments	[1]	143
Ending Balance	[1]	$ 55,196
Equity ownership interest that we do not own	[1]	40%
Sky Lagoon
Minority Interest [Line Items]
Beginning Balance		$ 9,918
Net income attributable to non-redeemable noncontrolling interest		847
Foreign currency translation adjustments		422
Ending Balance		$ 11,187
Equity ownership interest that we do not own		49%
[1] Includes Mountain Park Lodges and the 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
		Mar. 31, 2023	Mar. 31, 2022
Reportable segments reconciliations:
Total revenue		$ 260,791	$ 177,360
Interest expense, net		(12,249)	(5,877)
Other expense, net		(531)	(638)
Restructuring charges		(453)	(654)
Loss from continuing operations before income taxes		(21,910)	(33,200)
GES
Reportable segments reconciliations:
Total revenue		228,128	153,576
Pursuit
Reportable segments reconciliations:
Total revenue		32,663	23,784
Operating Segments
Reportable segments reconciliations:
Segment operating income (loss)		(5,528)	(22,792)
Operating Segments | GES
Reportable segments reconciliations:
Segment operating income (loss)		13,584	(1,594)
Operating Segments | Pursuit
Reportable segments reconciliations:
Total revenue		32,663	23,784
Segment operating income (loss)		19,112	21,198
Restructuring charges		(7)	0
Operating Segments | Spiro
Reportable segments reconciliations:
Total revenue		60,362	42,816
Segment operating income (loss)		3,174	(239)
Restructuring charges		(137)	(418)
Operating Segments | GES-Exhibitions
Reportable segments reconciliations:
Total revenue		169,497	111,831
Segment operating income (loss)		10,410	(1,355)
Restructuring charges		(309)	(236)
Impairment charges		0	583
Operating Segments | GES intersegment eliminations [Member]
Reportable segments reconciliations:
Total revenue		(1,731)	(1,071)
Corporate Eliminations
Reportable segments reconciliations:
Segment operating income (loss)	[1]	16	17
Corporate
Reportable segments reconciliations:
Segment operating income (loss)		$ 3,165	$ 2,673
[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
	Mar. 31, 2023	Mar. 31, 2022
Segment Reporting Information [Line Items]
Depreciation	$ 10,332	$ 11,006
Amortization	2,143	2,273
Capital expenditures	11,384	12,570
Pursuit
Segment Reporting Information [Line Items]
Depreciation	8,134	7,782
Amortization	1,161	1,179
Capital expenditures	7,727	11,491
Spiro
Segment Reporting Information [Line Items]
Depreciation	500	929
Amortization	63	52
Capital expenditures	647	144
GES-Exhibitions
Segment Reporting Information [Line Items]
Depreciation	1,678	2,291
Amortization	919	1,042
Capital expenditures	3,008	865
Corporate And Other
Segment Reporting Information [Line Items]
Capital expenditures	2	70
Corporate
Segment Reporting Information [Line Items]
Depreciation	$ 20	$ 4