Pursuit Attractions and Hospitality (PRSU) 10-Q 6 Nov 20 2020 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2020	Oct. 30, 2020
Document Information [Line Items]
Entity Registrant Name	Viad Corp
Entity Central Index Key	0000884219
Document Type	10-Q
Document Period End Date	Sep. 30, 2020
Amendment Flag	false
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q3
Current Fiscal Year End Date	--12-31
Entity Incorporation, State or Country Code	DE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Shell Company	false
Entity Small Business	false
Entity Emerging Growth Company	false
Entity File Number	001-11015
Entity Tax Identification Number	36-1169950
Entity Address, Address Line One	1850 North Central Avenue
Entity Address, Address Line Two	Suite 1900
Entity Address, City or Town	Phoenix
Entity Address, State or Province	AZ
Entity Address, Postal Zip Code	85004-4565
City Area Code	602
Local Phone Number	207-1000
Entity Common Stock, Shares Outstanding		20,428,448
Document Quarterly Report	true
Document Transition Report	false
Common Stock
Document Information [Line Items]
Trading Symbol	VVI
Title of 12(b) Security	Common Stock, $1.50 Par Value
Security Exchange Name	NYSE
Junior Participating Preferred Stock
Document Information [Line Items]
No Trading Symbol Flag	true
Title of 12(b) Security	Preferred Stock Purchase Rights

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands		Sep. 30, 2020	Dec. 31, 2019
Current assets
Cash and cash equivalents		$ 56,452	$ 61,999
Accounts receivable, net of allowances for doubtful accounts of $10,105 and $1,200, respectively		21,154	126,246
Inventories		16,296	17,269
Current contract costs		7,649	24,535
Other current assets		16,196	30,854
Total current assets		117,747	260,903
Property and equipment, net		477,445	500,901
Other investments and assets		19,937	45,119
Operating lease right-of-use assets		88,394	103,314
Deferred income taxes			26,163
Goodwill		96,931	287,983
Other intangible assets, net		68,638	94,308
Total Assets		869,092	1,318,691
Current liabilities
Accounts payable		22,069	86,660
Contract liabilities		17,153	50,671
Accrued compensation		8,392	32,658
Operating lease obligations		17,872	22,180
Other current liabilities		30,127	39,824
Current portion of debt and finance lease obligations	[1]	4,040	5,330
Total current liabilities		99,653	237,323
Long-term debt and finance lease obligations		252,152	335,162
Pension and postretirement benefits		25,789	26,247
Long-term operating lease obligations		73,688	82,851
Other deferred items and liabilities		75,174	83,707
Total liabilities		526,456	765,290
Commitments and contingencies
Redeemable noncontrolling interest		5,271	6,172
Viad Corp stockholders’ equity:
Common stock, $1.50 par value, 200,000,000 shares authorized, 24,934,981 shares issued and outstanding		37,402	37,402
Additional capital		570,447	574,473
Retained earnings (deficit)		(202,691)	122,971
Accumulated other comprehensive loss		(42,687)	(35,699)
Common stock in treasury, at cost, 4,507,957 and 4,588,084 shares, respectively		(227,623)	(231,649)
Total Viad stockholders’ equity		134,848	467,498
Non-redeemable noncontrolling interest		75,620	79,731
Total stockholders’ equity		210,468	547,229
Total Liabilities, Mezzanine Equity, and Stockholders’ Equity		869,092	$ 1,318,691
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 at September 30, 2020		$ 126,897
[1]	Subsequent to the filing of our 2019 Form 10-K, we identified a correction related to the classification of the 2018 Credit Facility (as defined below) from current to long-term given that the 2018 Credit Facility’s contractual maturity was not within 12 months

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) (Unaudited) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Allowance for doubtful accounts	$ 10,105	$ 1,200
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	4,507,957	4,588,084
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		9 Months Ended
		Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Revenue:
Total revenue		$ 63,072	$ 353,743	$ 389,863	$ 1,009,686
Costs and expenses:
Business interruption gain					(141)
Corporate activities		2,645	2,680	5,902	7,795
Interest income		(58)	(79)	(313)	(260)
Interest expense		5,508	3,740	14,712	9,612
Multi-employer pension plan withdrawal				462	15,508
Other expense		210	281	894	1,192
Restructuring charges		11,259	1,702	12,370	6,845
Legal settlement					8,500
Impairment charges		676		203,076
Total costs and expenses		90,077	307,245	692,867	968,709
Income (loss) from continuing operations before income taxes		(27,005)	46,498	(303,004)	40,977
Income tax expense		735	11,891	20,454	10,861
Income (loss) from continuing operations		(27,740)	34,607	(323,458)	30,116
Income (loss) from discontinued operations		(989)	(141)	(1,822)	32
Net income (loss)		(28,729)	34,466	(325,280)	30,148
Net (income) loss attributable to non-redeemable noncontrolling interest		(2,331)	(3,418)	636	(3,329)
Net loss attributable to redeemable noncontrolling interest		302	368	1,023	644
Net income (loss) attributable to Viad		$ (30,758)	$ 31,416	$ (323,621)	$ 27,463
Diluted income (loss) per common share:
Continuing operations attributable to Viad common stockholders		$ (1.54)	$ 1.54	$ (15.98)	$ 1.33
Discontinued operations attributable to Viad common stockholders		(0.05)	(0.01)	(0.09)
Net income (loss) attributable to Viad common stockholders	[1]	$ (1.59)	$ 1.53	$ (16.07)	$ 1.33
Weighted-average outstanding and potentially dilutive common shares		20,293	20,311	20,263	20,267
Basic income (loss) per common share:
Continuing operations attributable to Viad common stockholders		$ (1.54)	$ 1.54	$ (15.98)	$ 1.33
Discontinued operations attributable to Viad common stockholders		(0.05)	(0.01)	(0.09)
Net income (loss) attributable to Viad common stockholders		$ (1.59)	$ 1.53	$ (16.07)	$ 1.33
Weighted-average outstanding common shares		20,293	20,168	20,263	20,129
Dividends declared per common share			$ 0.10	$ 0.10	$ 0.30
Amounts attributable to Viad common stockholders
Income (loss) from continuing operations		$ (29,769)	$ 31,557	$ (321,799)	$ 27,431
Income (loss) from discontinued operations		(989)	(141)	(1,822)	32
Net income (loss) attributable to Viad		(30,758)	31,416	(323,621)	27,463
Services
Revenue:
Total revenue		43,702	291,701	335,383	858,071
Costs and expenses:
Costs and expenses		51,730	247,551	395,432	785,131
Products
Revenue:
Total revenue		19,370	62,042	54,480	151,615
Costs and expenses:
Costs and expenses		$ 18,107	$ 51,370	$ 60,332	$ 134,527
[1]

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Statement Of Income And Comprehensive Income [Abstract]
Net income (loss)		$ (28,729)	$ 34,466	$ (325,280)	$ 30,148
Other comprehensive income (loss):
Unrealized foreign currency translation adjustments		11,032	(5,229)	(7,342)	3,868
Change in net actuarial loss, net of tax	[1]	70	83	436	302
Change in prior service cost, net of tax	[1]	(27)	(35)	(82)	(106)
Comprehensive income (loss)		(17,654)	29,285	(332,268)	34,212
Non-redeemable noncontrolling interest:
Net (income) loss attributable to non-redeemable noncontrolling interest		(2,331)	(3,418)	636	(3,329)
Unrealized foreign currency translation adjustments		1,837	(682)	(1,949)	94
Redeemable noncontrolling interest:
Comprehensive loss attributable to redeemable noncontrolling interest		302	368	1,023	644
Comprehensive income (loss) attributable to Viad		$ (17,846)	$ 25,553	$ (332,558)	$ 31,621
[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		Mountain Park Lodges	Common Stock	Additional Capital	Retained Earnings (Deficit)	Accumulated Other Comprehensive Income (Loss)	Common Stock in Treasury	Total Viad Equity	Non-Redeemable Non-Controlling Interest	Non-Redeemable Non-Controlling InterestMountain Park Lodges	Mezzanine Equity Redeemable Non Controlling Interest	Convertible Series A Preferred Stock	Unearned Employee Benefits and Other
Beginning Balance at Dec. 31, 2018		$ 450,555			$ 37,402	$ 575,339	$ 109,032	$ (47,975)	$ (237,790)	$ 436,207	$ 14,348		$ 5,909		$ 199
Increase Decrease In Stockholders' Equity Roll Forward
Net income (loss)		(18,197)					(17,777)			(17,777)	(420)		(24)
Dividends on common stock ($0.10 per share)		(2,028)					(2,028)			(2,028)
Payment of payroll taxes on stock-based compensation through shares withheld		(2,905)							(2,905)	(2,905)
Employee benefit plans		1,220				(4,302)			5,522	1,220
Share-based compensation - equity awards		780				780				780
Unrealized foreign currency translation adjustment		4,780						4,780		4,780			(310)
Amortization of net actuarial loss, net of tax		120						120		120
Amortization of prior service cost, net of tax		(35)						(35)		(35)
Other, net		41				16			1	41			87		24
Ending Balance at Mar. 31, 2019		434,331			37,402	571,833	89,227	(43,110)	(235,172)	420,403	13,928		5,662		223
Beginning Balance at Dec. 31, 2018		450,555			37,402	575,339	109,032	(47,975)	(237,790)	436,207	14,348		5,909		199
Increase Decrease In Stockholders' Equity Roll Forward
Amortization of net actuarial loss, net of tax	[1]	302
Amortization of prior service cost, net of tax	[1]	(106)
Ending Balance at Sep. 30, 2019		532,527			37,402	574,039	130,435	(43,911)	(232,928)	465,037	67,490		5,431
Beginning Balance at Mar. 31, 2019		434,331			37,402	571,833	89,227	(43,110)	(235,172)	420,403	13,928		5,662		223
Increase Decrease In Stockholders' Equity Roll Forward
Net income (loss)		14,155					13,824			13,824	331		(252)
Dividends on common stock ($0.10 per share)		(2,006)					(2,006)			(2,006)
Payment of payroll taxes on stock-based compensation through shares withheld		(89)							(89)	(89)
Employee benefit plans		1,602				301			1,301	1,602
Share-based compensation - equity awards		781				781				781
Unrealized foreign currency translation adjustment		5,093						4,317		4,317	776		(81)
Amortization of net actuarial loss, net of tax		99						99		99
Amortization of prior service cost, net of tax		(36)						(36)		(36)
Acquisition				$ 49,711								$ 49,711
Other, net		14				16			221	14			179		$ (223)
Ending Balance at Jun. 30, 2019		503,655			37,402	572,931	101,045	(38,730)	(233,739)	438,909	64,746		5,508
Increase Decrease In Stockholders' Equity Roll Forward
Net income (loss)		34,834					31,416			31,416	3,418		(368)
Dividends on common stock ($0.10 per share)		(2,026)					(2,026)			(2,026)
Payment of payroll taxes on stock-based compensation through shares withheld		(25)							(25)	(25)
Employee benefit plans		1,271				212			1,059	1,271
Share-based compensation - equity awards		938				938				938
Unrealized foreign currency translation adjustment		(5,911)						(5,229)		(5,229)	(682)		27
Amortization of net actuarial loss, net of tax		83	[1]					83		83
Amortization of prior service cost, net of tax		(35)	[1]					(35)		(35)
Acquisition				$ 8								$ 8
Other, net		(265)				(42)			(223)	(265)			264
Ending Balance at Sep. 30, 2019		532,527			37,402	574,039	130,435	(43,911)	(232,928)	465,037	67,490		5,431
Beginning Balance at Dec. 31, 2019		547,229			37,402	574,473	122,971	(35,699)	(231,649)	467,498	79,731		6,172
Increase Decrease In Stockholders' Equity Roll Forward
Net income (loss)		(87,918)					(86,585)			(86,585)	(1,333)		(517)
Dividends on common stock ($0.10 per share)		(2,038)					(2,038)			(2,038)
Distributions to noncontrolling interest		(1,526)									(1,526)
Payment of payroll taxes on stock-based compensation through shares withheld		(1,059)							(1,059)	(1,059)
Common stock purchased for treasury		(2,785)							(2,785)	(2,785)
Employee benefit plans		1,912				(3,810)			5,722	1,912
Share-based compensation - equity awards		276				276				276
Unrealized foreign currency translation adjustment		(33,877)						(28,158)		(28,158)	(5,719)		(873)
Amortization of net actuarial loss, net of tax		341						341		341
Amortization of prior service cost, net of tax		(27)						(27)		(27)
Other, net		(82)				(80)	(3)		1	(82)			126
Ending Balance at Mar. 31, 2020		420,446			37,402	570,859	34,345	(63,543)	(229,770)	349,293	71,153		4,908
Beginning Balance at Dec. 31, 2019		547,229			37,402	574,473	122,971	(35,699)	(231,649)	467,498	79,731		6,172
Increase Decrease In Stockholders' Equity Roll Forward
Dividends on convertible preferred stock		(1,134)
Amortization of net actuarial loss, net of tax	[1]	436
Amortization of prior service cost, net of tax	[1]	(82)
Ending Balance at Sep. 30, 2020		210,468			37,402	570,447	(202,691)	(42,687)	(227,623)	134,848	75,620		5,271	$ 126,897
Beginning Balance at Mar. 31, 2020		420,446			37,402	570,859	34,345	(63,543)	(229,770)	349,293	71,153		4,908
Increase Decrease In Stockholders' Equity Roll Forward
Net income (loss)		(207,912)					(206,278)			(206,278)	(1,634)		(204)
Payment of payroll taxes on stock-based compensation through shares withheld		(3)							(3)	(3)
Employee benefit plans		330				48			282	330
Share-based compensation - equity awards		602				602				602
Unrealized foreign currency translation adjustment		11,717						9,784		9,784	1,933		102
Amortization of net actuarial loss, net of tax		25						25		25
Amortization of prior service cost, net of tax		(28)						(28)		(28)
Other, net		45				46			(1)	45			332
Ending Balance at Jun. 30, 2020		225,222			37,402	571,555	(171,933)	(53,762)	(229,492)	153,770	71,452		5,138
Increase Decrease In Stockholders' Equity Roll Forward
Net income (loss)		(28,427)					(30,758)			(30,758)	2,331		(302)
Issuance of Series A convertible preferred stock														125,763
Dividends on convertible preferred stock		(1,134)				(1,134)				(1,134)				1,134
Employee benefit plans		(253)				(2,123)			1,870	(253)
Share-based compensation - equity awards		2,135				2,135				2,135
Unrealized foreign currency translation adjustment		12,869						11,032		11,032	1,837		(33)
Amortization of net actuarial loss, net of tax		70	[1]					70		70
Amortization of prior service cost, net of tax		(27)	[1]					(27)		(27)
Other, net		13				14			(1)	13			468
Ending Balance at Sep. 30, 2020		$ 210,468			$ 37,402	$ 570,447	$ (202,691)	$ (42,687)	$ (227,623)	$ 134,848	$ 75,620		$ 5,271	$ 126,897
[1]	The tax effect on other comprehensive income (loss) is not significant.

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY AND MEZZANINE EQUITY (Parenthetical) (Unaudited) - $ / shares	3 Months Ended
	Mar. 31, 2020	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019
Statement Of Stockholders Equity [Abstract]
Dividends on common stock per share	$ 0.10	$ 0.10	$ 0.10	$ 0.10

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Cash flows from operating activities
Net income (loss)	$ (28,729)	$ 34,466	$ (325,280)	$ 30,148
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization			43,051	44,061
Deferred income taxes			20,428	5,261
(Income) loss from discontinued operations	989	141	1,822	(32)
Restructuring charges	11,259	1,702	12,370	6,845
Legal settlement				8,500
Impairment charges			203,076
Gains on dispositions of property and other assets			(14,935)	(938)
Share-based compensation expense	1,937	1,831	649	6,448
Multi-employer pension plan withdrawal			462	15,508
Other non-cash items, net			10,371	2,772
Change in operating assets and liabilities:
Receivables			104,722	(37,028)
Inventories			833	389
Current contract costs			16,418	(13,929)
Accounts payable			(76,355)	20,121
Restructuring liabilities			(4,606)	(5,012)
Accrued compensation			(25,268)	2,308
Contract liabilities			(32,650)	29,177
Income taxes payable			1,290	3,777
Other assets and liabilities, net			17,696	(17,236)
Net cash (used in) provided by operating activities			(45,906)	101,140
Cash flows from investing activities
Capital expenditures			(40,057)	(60,868)
Cash surrender value of life insurance policies			24,767
Cash paid for acquisitions, net				(90,992)
Proceeds from dispositions of property and other assets			21,788	1,022
Net cash provided by (used in) investing activities			6,498	(150,838)
Cash flows from financing activities
Proceeds from borrowings			191,733	170,459
Payments on debt and finance lease obligations			(273,663)	(99,340)
Dividends paid on common stock			(4,064)	(6,060)
Distributions to noncontrolling interest			(1,526)
Debt issuance costs			(1,585)
Payment of payroll taxes on stock-based compensation through shares withheld or repurchased			(1,062)	(3,019)
Common stock purchased for treasury			(2,785)
Proceeds from issuance of Convertible Series A Preferred Stock, net of issuance costs			125,763
Proceeds from exercise of stock options			2,077	92
Net cash provided by financing activities			34,888	62,132
Effect of exchange rate changes on cash and cash equivalents			(1,027)	(689)
Net change in cash and cash equivalents			(5,547)	11,745
Cash and cash equivalents, beginning of year			61,999	44,893	$ 44,893
Cash and cash equivalents, end of period	$ 56,452	$ 56,638	$ 56,452	$ 56,638	$ 61,999

Overview and Basis of Presentat

Overview and Basis of Presentation	9 Months Ended
	Sep. 30, 2020
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Overview and Basis of Presentation	Note 1. Overview and Basis of Presentation Nature of Business We are an international experiential services company with operations in the United States, Canada, the United Kingdom, continental Europe, the United Arab Emirates, and Iceland. We are committed to providing unforgettable experiences to our clients and guests. We operate through three reportable business segments: GES North America, GES EMEA (collectively, “GES”), and Pursuit. GES GES is a global, full-service live events company offering a comprehensive range of services to event organizers and corporate brand marketers. Event organizers schedule and run events from start to finish. Corporate brand marketers include exhibitors and domestic and international corporations that want to promote their brands, services and innovations, feature new products, and build business relationships. GES serves corporate brand marketers when they exhibit at shows and when GES is engaged to manage their global exhibit program or produce their proprietary corporate events. Pursuit Pursuit is a collection of inspiring and unforgettable travel experiences that include recreational attractions, unique hotels and lodges, food and beverage, retail, sightseeing, and ground transportation services Impact of COVID-19 On March 11, 2020, the World Health Organization declared COVID-19 a “pandemic.” COVID-19 has spread rapidly, with a high concentration of confirmed cases in the U.S. and other countries in which we operate. The rapid spread has resulted in authorities around the world implementing numerous measures to contain the virus, such as travel bans and restrictions, quarantines, shelter-in-place orders, and business shutdowns. The COVID-19 pandemic and these containment measures have had, and are expected to continue to have, a substantial negative impact on businesses around the world and on global, regional, and national economies. The COVID-19 pandemic is having and will likely continue to have a significant and negative impact on our operations and financial performance, with live events largely shut down and tourism activity disruptions. In response to the COVID-19 pandemic, we implemented aggressive cost reduction measures to preserve cash, including furloughs, layoffs, mandatory unpaid time off, or salary reductions for all employees, and the elimination of discretionary spending. We continue to implement measures to successfully adapt for the long-term impact of COVID-19. During the third quarter of 2020, we secured additional capital to strengthen our liquidity position and amended our Second Amended and Restated Credit Agreement (the “2018 Credit Agreement”) to provide financial flexibility. Investment Agreement On August 5, 2020, we entered into an investment agreement with funds managed by private equity firm Crestview Partners (the “Investment Agreement”) who made an initial investment of $135 million, offset in part by $9.2 million in fees, in newly issued perpetual convertible preferred stock that carries a 5.5% cumulative quarterly dividend, which is payable in cash or in-kind at Viad’s option (the “Convertible Preferred Stock”). The Convertible Preferred Stock is convertible into shares of our common stock at a conversion price of $21.25 per share. The Investment Agreement also includes a delayed draw commitment of up to $45 million in additional Convertible Preferred Stock, which we may access during the 12 months following the August 5, 2020 closing date on the same terms and conditions as the initial investment. The proceeds from Crestview’s initial investment were used to repay a portion of our 2018 Credit Facility, will provide additional short-term liquidity, will fund capital expenditures, and will support general corporate purposes. Pursuant to the Investment Agreement, two Crestview Partners’ designees joined our Board of Directors, increasing the size of our board from seven to nine directors. Credit Agreement Amendment On August 5, 2020, we entered into an amendment to our 2018 Credit Agreement, which, among other things, (i) waives our financial covenants until September 30, 2022 (the “Covenant Waiver Period”) and (ii) requires us to maintain minimum liquidity of $125 million with a step down to $100 million at December 31, 2020. The interest rate on the borrowings is equal to the London Interbank Offered Rate (“LIBOR”) plus 350 basis points, with a LIBOR floor of one percent during the Covenant Waiver Period. The LIBOR floor continues until the end of the 2018 Credit Agreement. Viad pledged 100 % of the capital stock of its wholly-owned domestic subsidiaries and its top-tier foreign subsidiaries (other than Esja Attractions ehf.). Fees related to the amendment were approximately $ 1.7 million. Management anticipates that the initial cash proceeds from Crestview Partners, existing cash and cash equivalents, and the amendment to waive financial covenants within the 2018 Credit Agreement until September 30, 2022 will be sufficient to fund operations for at least the next 12 months. Goodwill Impairment Due to the deteriorating macroeconomic environment, disruptions to our operations, and the sustained decline in our stock price caused by COVID-19, we determined an interim triggering event had occurred in the first and second quarters of 2020, which required us to assess the carrying values of goodwill and intangible assets in accordance with Accounting Standards Codification (“ASC”) No. 350, Intangibles – Goodwill and Other Basis of Presentation The accompanying unaudited condensed consolidated financial statements were prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and with the instructions to Form 10-Q and Article 10 of Regulation S-X for interim financial information. Accordingly, these financial statements do not include all of the information required by GAAP or SEC rules and regulations for complete financial statements. These financial statements reflect all adjustments (consisting of normal recurring adjustments) necessary for a fair presentation of the results for the interim periods presented. Interim results are not necessarily indicative of the results for the full year. These unaudited condensed consolidated financial statements should be read in conjunction with our Annual Report on Form 10-K for the year ended December 31, 2019, filed with the SEC on February 26, 2020 (“2019 Form 10-K”). Subsequent to the filing of the 2019 Form 10-K, we corrected the classification of debt as of December 31, 2019. Refer to Note 12 – Debt and Finance Lease Obligations 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. Correction to Prior Period Financial Statements During the third quarter of 2020, we identified a prior period error related to the recognition of revenue of our GES’ Corporate Accounts’ third-party services. Revenue from these services should have been recorded on a net basis to reflect only the fees we receive from arranging these services. Previously, we recorded this revenue on a gross basis, thus overstating revenue and cost of services by the same amount. As a result, we corrected the accompanying Condensed Consolidated Statements of Operations for the three and nine months ended September 30, 2019 related to this gross-to-net adjustment. We determined that the error is not material to the previously issued financial statements. Note 2 – Revenue and Related Contract Costs and Contract Liabilities and Note 22 – Segment Information reflects this change. Three Months Ended September 30, 2019 Nine Months Ended September 30, 2019 (in thousands) Services Revenue Cost of Services Services Revenue Cost of Services As previously reported $ 300,446 $ 256,296 $ 898,746 $ 825,806 Gross to net correction for GES North America (6,859 ) (6,859 ) (32,081 ) (32,081 ) Gross to net correction for GES EMEA (1,886 ) (1,886 ) (8,594 ) (8,594 ) Total as corrected $ 291,701 $ 247,551 $ 858,071 $ 785,131 Impact of Recent Accounting Pronouncements The following table provides a brief description of recent accounting pronouncements: Standard Description Date of adoption Effect on the financial statements Standards Not Yet Adopted ASU 2019-12 , Income Taxes (Topic 740) Simplifying the Accounting for Income Taxes The amendment enhances and simplifies various aspects of the income tax accounting guidance, including requirements such as ownership changes in investments, and interim-period accounting for enacted changes in tax law. 1/1/2021 We are currently evaluating the potential impact of the adoption of this new guidance on our consolidated financial statements. We do not expect this new guidance to have a material impact on our consolidated financial statements. ASU 2020-06 , Debt - Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging - Contracts in Entity’s Own Equity (Subtopic 815-40) The amendment simplifies the accounting for convertible instruments by reducing the number of accounting models available for convertible debt instruments and convertible preferred stock. The amendment also requires expanded disclosures about the terms and features of convertible instruments. Early adoption is permitted, but no earlier than fiscal years beginning after December 15, 2020. 1/1/2022 We are currently evaluating the potential impact of the adoption of this new guidance on our consolidated financial statements and if there are applicable provisions that will simplify our accounting or reporting we will likely pursue early adoption. Standard Description Date of adoption Effect on the financial statements Standards Recently Adopted ASU 2016-13 , Financial Instruments – Credit Losses (Topic 326) - Measurement of Credit Losses on Financial Instruments The amendment eliminates the incurred credit loss impairment methodology and replaces it with an expected credit loss concept based on historical experience, current conditions, and reasonable and supportable forecasts. 1/1/2020 We adopted this new standard on a modified retrospective basis. The adoption of this new standard on January 1, 2020 did not have a material impact on our condensed consolidated financial statements. ASU 2020-04 , Reference Rate Reform (Topic 848) The amendment provides temporary optional guidance to ease the potential burden in accounting for reference rate reform. Topic 848 provides optional expedients and exceptions for applying U.S. GAAP to transactions affected by reference rate reform if certain criteria are met. 3/12/2020 Topic 848 was effective beginning on March 12, 2020, and we will apply the amendments prospectively through December 31, 2022. There was no impact to our condensed consolidated financial statements as a result of adopting this amendment. Significant Accounting Policies Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reported period. Estimates and assumptions are used in accounting for, among other things: impairment testing of recorded goodwill and intangible assets and long-lived assets; allowances for uncollectible accounts receivable; sales reserve allowances; provisions for income taxes, including uncertain tax positions; valuation allowances related to deferred tax assets; liabilities for losses related to self-insured liability claims; liabilities for losses related to environmental remediation obligations; sublease income associated with restructuring liabilities; pension and postretirement benefit costs and obligations; share-based compensation costs; the discount rates used to value lease obligations; the redemption value of redeemable noncontrolling interests; and the allocation of purchase price of acquired businesses. Actual results could differ from these and other estimates. 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 service to a customer. GES’ service revenue is primarily derived through its comprehensive range of services to event organizers and corporate brand marketers including Core Services, Event Technology, and Audio-Visual . of the exhibition, conference, or corporate event, which generally lasts one to three days . GES’ product revenue is derived from the build of exhibits and environments and graphics. GES’ product revenue is recognized at a point in time upon delivery of the product. Pursuit’s service revenue is derived through its admissions, accommodations, transportation, and travel planning services. Pursuit’s product revenue is derived through food and beverage and retail sales. Pursuit’s revenue is recognized at the time services are performed or upon delivery of the product. Pursuit’s service revenue is recognized over time as the customer simultaneously receives and consumes the benefits. Pursuit’s product revenue is recognized at a point in time. Noncontrolling Interests – Non-redeemable and Redeemable Non-redeemable noncontrolling interest represents the portion of equity in a subsidiary that is not attributable, directly or indirectly, to us. Our non-redeemable noncontrolling interest relates to the 20% equity ownership interest that we do not own in Glacier Park, Inc., the 40% equity interest that we do not own in the Mountain Park Lodges, and the 49% equity interest that we do not own in the new entity that will operate the Pursuit Sky Lagoon attraction. We report non-redeemable noncontrolling interest within stockholders’ equity in the Condensed Consolidated Balance Sheets. The amount of consolidated net income or loss attributable to Viad and the non-redeemable noncontrolling interest is presented in the Condensed Consolidated Statements of Operations. We consider noncontrolling interests with redemption features that are not solely within our control to be redeemable noncontrolling interests. Our redeemable noncontrolling interest relates to our 54.5% equity ownership interest in Esja Attractions ehf. (“Esja”), which owns the FlyOver Iceland attraction. The Esja Convertible Preferred Stock We record shares of convertible preferred stock at fair value on the date of issuance, net of issuance costs. 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 temporary equity and is reported between liabilities and stockholders’ equity on the Condensed Consolidated Balance Sheets. Leases We recognize a right-of-use (“ROU”) asset and lease liability on the balance sheet and classify leases as either finance or operating leases. The classification of the lease determines whether we recognize the lease expense on an effective interest method basis (finance lease) or on a straight-line basis (operating lease) over the lease term. In determining whether an agreement contains a lease, we consider if we have a right to control the use of the underlying asset during the lease term in exchange for an obligation to make lease payments arising from the lease. We recognize ROU assets and lease liabilities at commencement date, which is when the underlying asset is available for use to a lessee, based on the present value of lease payments over the lease term. Our operating and finance leases are primarily facility, equipment, and land leases. Our facility leases comprise mainly manufacturing facilities, sales and design facilities, offices, storage and/or warehouses, and truck marshaling yards. These facility leases generally have lease terms ranging up to 23 years. Our equipment leases comprise mainly vehicles, hardware, and office equipment, each with various lease terms. Our land leases comprise mainly leases in Canada and Iceland on which our hotels or attractions are located and have lease terms ranging up to 47 years. If a lease contains a renewal option that is reasonably certain to be exercised, then the lease term includes the optional periods in measuring a ROU asset and lease liability. We evaluate the reasonably certain threshold at lease commencement, and it is typically met if we identify substantial economic incentives or termination penalties. We do not include variable leases and variable non-lease components in the calculation of the ROU asset and corresponding lease liability. For facility leases, variable lease costs include the costs of common area maintenance, taxes, and insurance for which we pay our lessors an estimate that we adjust to actual expense on a quarterly or annual basis depending on the underlying contract terms. We expense these variable lease payments as incurred. Our lease agreements do not contain any significant residual value guarantees or restrictive covenants. Substantially all of our lease agreements do not specify an implicit borrowing rate, and as such, we utilize an incremental borrowing rate based on lease term and country, in order to calculate the present value of our future lease payments. The discount rate represents a risk-adjusted rate on a collateralized basis and is the expected rate at which we would borrow funds to satisfy the scheduled lease liability payment streams commensurate with the lease term and the country. We are also a lessor to third party tenants who either lease certain portions of facilities that we own or sublease certain portions of facilities that we lease. We record l ease income from owned facilities as rental income and we record sublease income from leased facilities against lease expense in the Condensed Consolidated Statements of Operations. We classify a ll of our leases for which we are the lessor as operating leases.

Revenue and Related Contract Co

Revenue and Related Contract Costs and Contract Liabilities	9 Months Ended
	Sep. 30, 2020
Revenue From Contract With Customer [Abstract]
Revenue and Related Contract Costs and Contract Liabilities	Note 2. Revenue and Related Contract Costs and Contract Liabilities GES’ performance obligations consist of services or product(s) outlined in a contract. While we often sign multi-year contracts for recurring events, the obligations for each occurrence are well defined and conclude upon the occurrence of each event. The obligations are typically the provision of services and/or sale of a product in connection with an exhibition, conference, or other event. GES’ revenue is earned over time over the duration of the event, but as a practical expedient we recognize revenue when we have a right to invoice at the close of the exhibition, conference, or corporate event, which typically lasts one to three days, or when a customer cancels a contract. We recognize revenue for consumer events over the duration of the 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, generally at the close of the exhibition, conference, or corporate event, or when a customer cancels a contract. If a customer cancels a contract, then GES is generally contractually able to invoice the customer for contract costs that have been incurred by GES in preparing for the exhibition, conference, or corporate event. Payment terms are generally within 30-60 days and contain no significant financing components. Pursuit’s performance obligations are short-term in nature. They include the provision of a hotel room, an attraction admission, a chartered or ticketed bus or van ride, the fulfillment of travel planning itineraries, and/or the sale of food, beverage, or retail products. We recognize revenue when the service has been provided or the product has been delivered. When we extend credit, payment terms are generally within 30 days and contain no significant financing components. Contract Liabilities GES and Pursuit typically receive customer deposits prior to transferring the related product or service to the customer. We record these deposits as a contract liability, which are recognized as revenue upon satisfaction of the related contract performance obligation(s). GES also provides customer rebates and volume discounts to certain event organizers that we recognize as a reduction of revenue. We include these amounts in the Condensed Consolidated Balance Sheets under the captions “Contract liabilities” and “Other deferred items and liabilities.” Changes to contract liabilities are as follows: (in thousands) Balance at December 31, 2019 $ 50,796 Cash additions 130,018 Revenue recognized (162,954 ) Foreign exchange translation adjustment (84 ) Balance at September 30, 2020 $ 17,776 Contract Costs GES capitalizes certain incremental costs incurred in obtaining and fulfilling contracts. Capitalized costs principally relate to direct costs of materials and services incurred in fulfilling services of future exhibitions, conferences, and events, and also include up-front incentives and commissions incurred upon contract signing. We expense costs associated with preliminary contract activities (i.e. proposal activities) as incurred. Capitalized contract costs are expensed upon the transfer of the related goods or services and are included in cost of services or cost of products, as applicable. We include the deferred incremental costs of obtaining and fulfilling contracts in the Condensed Consolidated Balance Sheets under the captions “Current contract costs” and “Other investments and assets.” Changes to contract costs are as follows: (in thousands) Balance at December 31, 2019 $ 28,496 Additions 16,710 Expenses (22,774 ) Cancelled (9,840 ) Foreign exchange translation adjustment (479 ) Balance at September 30, 2020 $ 12,113 As of September 30, 2020, capitalized contract costs consisted of $1.2 million to obtain contracts and $10.9 million to fulfill contracts. We did not recognize an impairment loss with respect to capitalized contract costs during the three and nine months ended September 30, 2020 or 2019. Disaggregation of Revenue The following tables disaggregate GES and Pursuit revenue by major product line, timing of revenue recognition, and markets served: GES Three Months Ended September 30, 2020 (in thousands) GES North America GES EMEA Intersegment Eliminations Total Services: Core services $ 7,987 $ 2,003 $ — $ 9,990 Audio-visual 933 (40 ) — 893 Event technology 1,283 414 — 1,697 Intersegment eliminations — — (284 ) (284 ) Total services 10,203 2,377 (284 ) 12,296 Products: Core products 1,564 397 — 1,961 Total revenue $ 11,767 $ 2,774 $ (284 ) $ 14,257 Timing of revenue recognition: Services transferred over time $ 10,203 $ 2,377 $ (284 ) $ 12,296 Products transferred over time (1) 232 15 — 247 Products transferred at a point in time 1,332 382 — 1,714 Total revenue $ 11,767 $ 2,774 $ (284 ) $ 14,257 Markets: Exhibitions $ 4,890 $ 2,323 $ — $ 7,213 Conferences 1,099 367 — 1,466 Corporate events 4,537 67 — 4,604 Consumer events 1,241 17 — 1,258 Intersegment eliminations — — (284 ) (284 ) Total revenue $ 11,767 $ 2,774 $ (284 ) $ 14,257 ( 1 ) GES’ graphics product revenue is earned over time over the duration of the event as it is considered a part of the single performance obligation satisfied over time. Nine Months Ended September 30, 2020 (in thousands) GES North America GES EMEA Intersegment Eliminations Total Services: Core services $ 225,414 $ 33,350 $ — $ 258,764 Audio-visual 18,661 3,549 — 22,210 Event technology 7,946 4,126 — 12,072 Intersegment eliminations — — (3,258 ) (3,258 ) Total services 252,021 41,025 (3,258 ) 289,788 Products: Core products 21,402 11,071 — 32,473 Total revenue $ 273,423 $ 52,096 $ (3,258 ) $ 322,261 Timing of revenue recognition: Services transferred over time $ 252,021 $ 41,025 $ (3,258 ) $ 289,788 Products transferred over time (1) 11,035 2,407 — 13,442 Products transferred at a point in time 10,367 8,664 — 19,031 Total revenue $ 273,423 $ 52,096 $ (3,258 ) $ 322,261 Markets: Exhibitions $ 203,671 $ 39,001 $ — $ 242,672 Conferences 39,626 7,618 — 47,244 Corporate events 24,012 5,308 — 29,320 Consumer events 6,114 169 — 6,283 Intersegment eliminations — — (3,258 ) (3,258 ) Total revenue $ 273,423 $ 52,096 $ (3,258 ) $ 322,261 ( 1 ) GES’ graphics product revenue is earned over time over the duration of the event as it is considered a part of the single performance obligation satisfied over time. Three Months Ended September 30, 2019 (in thousands) GES North America GES EMEA Intersegment Eliminations Total Services: Core services $ 148,722 $ 20,539 $ — $ 169,261 Audio-visual 18,742 4,402 — 23,144 Event technology 4,760 1,414 — 6,174 Intersegment eliminations — — (5,724 ) (5,724 ) Total services 172,224 26,355 (5,724 ) 192,855 Products: Core products 12,900 12,945 — 25,845 Total revenue $ 185,124 $ 39,300 $ (5,724 ) $ 218,700 Timing of revenue recognition: Services transferred over time $ 172,224 $ 26,355 $ (5,724 ) $ 192,855 Products transferred over time (1) 10,558 2,305 — 12,863 Products transferred at a point in time 2,342 10,640 — 12,982 Total revenue $ 185,124 $ 39,300 $ (5,724 ) $ 218,700 Markets: Exhibitions $ 79,589 $ 29,140 $ — $ 108,729 Conferences 60,537 4,938 — 65,475 Corporate events 39,370 5,020 — 44,390 Consumer events 5,628 202 — 5,830 Intersegment eliminations — — (5,724 ) (5,724 ) Total revenue $ 185,124 $ 39,300 $ (5,724 ) $ 218,700 (1) Nine Months Ended September 30, 2019 (in thousands) GES North America GES EMEA Intersegment Eliminations Total Services: Core services $ 531,485 $ 86,715 $ — $ 618,200 Audio-visual 61,323 15,171 — 76,494 Event technology 23,368 6,501 — 29,869 Intersegment eliminations — — (14,731 ) (14,731 ) Total services 616,176 108,387 (14,731 ) 709,832 Products: Core products 50,649 48,086 — 98,735 Total revenue $ 666,825 $ 156,473 $ (14,731 ) $ 808,567 Timing of revenue recognition: Services transferred over time $ 616,176 $ 108,387 $ (14,731 ) $ 709,832 Products transferred over time (1) 33,601 10,595 — 44,196 Products transferred at a point in time 17,048 37,491 — 54,539 Total revenue $ 666,825 $ 156,473 $ (14,731 ) $ 808,567 Markets: Exhibitions $ 349,106 $ 119,189 $ — $ 468,295 Conferences 195,635 17,170 — 212,805 Corporate events 102,525 19,165 — 121,690 Consumer events 19,559 949 — 20,508 Intersegment eliminations — — (14,731 ) (14,731 ) Total revenue $ 666,825 $ 156,473 $ (14,731 ) $ 808,567 (1) Pursuit Three Months Ended Nine Months Ended September 30, September 30, (in thousands) 2020 2019 2020 2019 Services: Admissions $ 12,229 $ 49,353 $ 17,865 $ 76,034 Accommodations 18,021 41,292 23,994 56,636 Transportation 445 6,868 2,513 12,817 Travel planning 855 2,004 1,484 4,107 Intersegment eliminations (144 ) (671 ) (261 ) (1,355 ) Total services revenue 31,406 98,846 45,595 148,239 Products: Food and beverage 6,783 19,333 9,047 28,903 Retail operations 10,626 16,864 12,960 23,977 Total products revenue 17,409 36,197 22,007 52,880 Total revenue $ 48,815 $ 135,043 $ 67,602 $ 201,119 Timing of revenue recognition: Services transferred over time $ 31,406 $ 98,846 $ 45,595 $ 148,239 Products transferred at a point in time 17,409 36,197 22,007 52,880 Total revenue $ 48,815 $ 135,043 $ 67,602 $ 201,119 Markets: Banff Jasper Collection $ 26,395 $ 75,337 $ 39,234 $ 116,433 Alaska Collection 5,436 26,909 6,167 39,287 Glacier Park Collection 14,929 28,098 16,813 36,296 FlyOver 2,055 4,699 5,388 9,103 Total revenue $ 48,815 $ 135,043 $ 67,602 $ 201,119

Share-Based Compensation

Share-Based Compensation	9 Months Ended
	Sep. 30, 2020
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Share-Based Compensation	Note 3. Share-Based Compensation We grant share-based compensation awards to our officers, directors, and certain key employees pursuant to the 2017 Viad Corp Omnibus Incentive Plan (the “2017 Plan”). The 2017 Plan has a 10-year term and provides for the following types of awards: (a) incentive and non-qualified stock options; (b) restricted stock awards and restricted stock units; (c) performance units or performance shares; (d) stock appreciation rights; (e) cash-based awards; and (f) certain other stock-based awards. In June 2017, we registered 1,750,000 shares of common stock issuable under the 2017 Plan. As of September 30, 2020, there were 1,077,197 shares available for future grant under the 2017 Plan. The following table summarizes share-based compensation (income) expense: Three Months Ended Nine Months Ended September 30, September 30, (in thousands) 2020 2019 2020 2019 Performance unit incentive plan (“PUP”) $ 149 $ 1,033 $ (2,596 ) $ 4,013 Restricted stock awards and restricted stock units 1,698 798 3,155 2,435 Stock options 90 — 90 — Share-based compensation expense before income tax 1,937 1,831 649 6,448 Income tax benefit (1) — (460 ) — (1,625 ) Share-based compensation expense, net of income tax $ 1,937 $ 1,371 $ 649 $ 4,823 (1) PUP Awards PUP awards are performance-based restricted stock units that are tied to our stock price and the expected achievement of certain performance-based criteria. The vesting of PUP award shares is based upon the achievement of the performance-based criteria over a three-year During the nine months ended September 30, 2020, we granted PUP awards with a grant date fair value of $4.8 million of which $1.8 million are payable in shares. Liabilities related to PUP awards were $0.4 million as of September 30, 2020 and $5.3 million as of December 31, 2019. During the nine months ended September 30, 2020, the value of the PUP awards decreased due to the reduction of our estimated performance achievement and the decline in our stock price as a result of the COVID-19 pandemic. In 2020, PUP awards granted in 2017 vested and we paid $2.6 million in cash. No PUP awards were paid in shares in 2020. In 2019, PUP awards granted in 2016 vested and we paid $5.6 million in cash and $3.4 million in shares. In 2019, we withheld 25,771 shares for $1.5 million related to tax withholding requirements on vested PUP awards paid in shares. The following table summarizes the activity of the outstanding PUP awards: Equity-Based PUP Awards Liability-Based PUP Awards Shares Weighted-Average Grant Date Fair Value Shares Weighted-Average Grant Date Fair Value Balance at December 31, 2019 59,714 $ 52.10 155,190 $ 52.53 Granted 32,367 $ 56.23 52,531 $ 56.10 Vested — $ — (67,866 ) $ 47.43 Forfeited — $ — (18,370 ) $ 56.40 Balance at September 30, 2020 92,081 $ 55.49 121,485 $ 55.08 Restricted Stock Awards and Restricted Stock Units Restricted stock awards and restricted stock units are service-based awards. We account for restricted stock awards and restricted stock units that will be settled in shares of our common stock as equity-based awards. We measure share-based compensation expense of equity-based awards at fair value on the grant date on a straight-line basis over the vesting period. We account for restricted stock units that will be settled in cash as liability-based awards. We measure share-based compensation expense of liability-based awards at fair value at each reporting date until the date of settlement. Forfeitures are accounted for as they occur. As of September 30, 2020, the unamortized cost of outstanding equity-based restricted stock awards and restricted stock units was $2.6 million, which we expect to recognize over a weighted-average period of approximately 1.2 years. We repurchased 17,961 shares for $1.1 million during the nine months ended September 30, 2020 and 24,586 shares for $1.4 million during the nine months ended September 30, 2019 related to tax withholding requirements on vested share-based awards. Aggregate liabilities related to liability-based restricted stock units were $0.8 million as of September 30, 2020 and $0.4 million as of December 31, 2019. During the nine months ended September 30, 2020, restricted stock units vested, and we paid $0.2 million in cash and $0.8 million in shares. During the nine months ended September 30, 2019, restricted stock units vested, and we paid $0.3 million in cash and $0.2 million in shares. The following table summarizes the activity of the outstanding restricted stock awards and restricted stock units : Equity-Based Restricted Stock Awards Equity-Based Restricted Stock Units Liability-Based Restricted Stock Units Shares Weighted-Average Grant Date Fair Value Shares Weighted-Average Grant Date Fair Value Shares Weighted-Average Grant Date Fair Value Balance at December 31, 2019 136,123 $ 52.66 — $ — 11,623 $ 52.17 Granted 55,171 $ 51.06 232,435 $ 19.44 3,952 $ 50.43 Vested (64,684 ) $ 49.85 (38,982 ) $ 19.30 (2,815 ) $ 47.45 Forfeited (15,192 ) $ 56.54 (2,183 ) $ 19.30 (1,634 ) $ 56.59 Balance at September 30, 2020 111,418 $ 52.97 191,270 $ 19.47 11,126 $ 52.10 Stock Options We grant non-qualified stock options that are performance-based, as well as non-qualified options that are service-based. The performance-based awards are recognized on a straight-line basis over the performance period ranging from 1.4 to 3.4 years The following table summarizes stock option activity: Shares Weighted-Average Exercise Price Aggregate Intrinsic Value (1) Options outstanding and exercisable at December 31, 2019 41,143 $ 16.62 Granted 204,150 $ 19.98 Exercised (41,143 ) $ 16.62 Options outstanding at September 30, 2020 204,150 $ 19.98 $ 229,500 Options exercisable at September 30, 2020 — $ — $ — (1) The following table summarizes stock options outstanding and exercisable as of September 30, 2020: Options Outstanding Options Exercisable Range of exercise prices Shares Weighted-Average Remaining Contractual Life (in years) Weighted-Average Exercise Price Shares Weighted-Average Exercise Price $ 19.30 150,000 8.25 $ 19.30 — $ — $ 21.85 54,150 6.91 $ 21.85 — $ — $19.30 - $21.85 204,150 7.89 $ 19.98 — $ — The fair value of stock options granted in 2020 was estimated on the date of grant using the Black-Scholes option pricing model. Following is additional information on stock options and the underlying assumptions used in assessing fair value: Nine Months Ended September 30, 2020 Assumptions used to estimate fair value of stock options granted: Risk-free interest rate 0.27% - 0.31% Expected life 4.3 - 5.4 years Expected volatility 46.9% - 52.2% Expected dividend yield — Weighted average grant-date fair value per share of options granted $ 8.38 Cash received from exercise of options (in thousands) $ 2,077 As of September 30, 2020, the total unrecognized compensation cost related to non-vested stock option awards was $1.6 million. We expect to recognize such costs over a weighted-average period of approximately 2.5 years. No stock options were granted in 2019.

Acquisitions

Acquisitions	9 Months Ended
	Sep. 30, 2020
Business Combinations [Abstract]
Acquisitions	Note 4. Acquisitions 2019 Acquisitions Belton Chalet On May 16, 2019, we acquired the Belton Chalet in Glacier National Park for total cash consideration of $3.2 million. Transaction costs associated with the acquisition were $0.3 million during 2019, which are included in “Cost of services” in the Consolidated Statements of Operations. We included these assets in the consolidated financial statements from the date of acquisition. Mountain Park Lodges On June 8, 2019, we acquired a 60% equity interest in Mountain Park Lodges’ group of seven hotels and an undeveloped land parcel located in Jasper National Park for total consideration of $100.6 million Canadian dollars (approximately $76 million U.S. dollars). As the majority owner of these properties, we consolidate 100% of the results of operations in our consolidated financial statements and record the 40% owners’ share of the income or loss attributable to non-redeemable noncontrolling interest. Transaction costs associated with the Mountain Park Lodges were $0.9 million in 2019, which are included in “Corporate activities” in the Consolidated Statements of Operations. We included these assets and results of operations in the consolidated financial statements from the date of acquisition. During the three months ended September 30, 2020, revenue and operating income related to the Mountain Park Lodges were $8.9 million and $4.4 million, respectively. During the nine months ended September 30, 2020, revenue and operating income related to the Mountain Park Lodges were $12.9 million and $0.2 million, respectively. Identifiable intangible assets acquired in the Mountain Park Lodges acquisition were $20.2 million and consist primarily of in-place leases, customer relationships, and trade names. The weighted average amortization period related to the intangible assets was approximately 30.8 years. Sky Lagoon Attraction On July 25, 2019, we announced plans for a new geothermal lagoon attraction that will be located on an oceanfront lot just outside downtown Reykjavik, Iceland. We acquired a 51% controlling interest for $13.2 million in the new entity that will manage the Sky Lagoon attraction, which we will operate in partnership with Geothermal Lagoon ehf., the Icelandic entity that owns the lagoon assets. The noncontrolling interest’s carrying value was 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. The amortization of the resulting operating contract intangible is not deductible for tax purposes. We expect to open our new attraction in 2021. Supplementary pro forma financial information The following table summarizes the unaudited pro forma results of operations attributable to Viad, assuming the completion of the Mountain Park Lodges acquisition was on January 1, 2019. We do not consider the Sky Lagoon attraction or the Belton Chalet significant acquisitions and accordingly, they are not included in the following pro forma results of operations: Three Months Ended Nine Months Ended (in thousands, except per share data) September 30, 2019 September 30, 2019 Revenue $ 362,488 $ 1,058,622 Depreciation and amortization $ 16,347 $ 46,695 Income from continuing operations $ 34,607 $ 28,709 Net income attributable to Viad $ 31,416 $ 26,765 Diluted income per share $ 1.53 $ 1.29 Basic income per share $ 1.53 $ 1.29

Inventories

Inventories	9 Months Ended
	Sep. 30, 2020
Inventory Disclosure [Abstract]
Inventories	Note 5. Inventories We state inventories, which consist primarily of exhibit design and construction materials and supplies, as well as retail inventory, at the lower of cost (first-in, first-out and specific identification methods) or net realizable value. The components of inventories consisted of the following: September 30, December 31, (in thousands) 2020 2019 Raw materials $ 10,796 $ 11,788 Finished goods 5,500 5,481 Inventories $ 16,296 $ 17,269

Other Current Assets

Other Current Assets	9 Months Ended
	Sep. 30, 2020
Deferred Costs Capitalized Prepaid And Other Assets Disclosure [Abstract]
Other Current Assets	Note 6. Other Current Assets Other current assets consisted of the following: September 30, December 31, (in thousands) 2020 2019 Prepaid software maintenance $ 4,045 $ 3,875 Prepaid insurance 2,565 5,573 Prepaid vendor payments 2,106 4,698 Prepaid taxes 1,087 917 Income tax receivable 162 13,250 Prepaid other 2,097 1,904 Other 4,134 637 Other current assets $ 16,196 $ 30,854

Property and Equipment

Property and Equipment	9 Months Ended
	Sep. 30, 2020
Property Plant And Equipment [Abstract]
Property and Equipment	Note 7. Property and Equipment Property and equipment consisted of the following: September 30, December 31, (in thousands) 2020 2019 Land and land interests $ 32,481 $ 34,532 Buildings and leasehold improvements 374,549 377,754 Equipment and other 400,085 417,239 Gross property and equipment 807,115 829,525 Accumulated depreciation (352,456 ) (353,974 ) Property and equipment, net (excluding finance leases) 454,659 475,551 Finance lease right-of-use assets, net 22,786 25,350 Property and equipment, net $ 477,445 $ 500,901 Depreciation expense was $11.5 million for the three months ended September 30, 2020 and $35.1 million for the nine months ended September 30, 2020. Depreciation expense was $12.7 million for the three months ended September 30, 2019 and $34.0 million for the nine months ended September 30, 2019. Amortization expense on finance lease assets was $0.9 million for the three months ended September 30, 2020 and $2.8 million for the nine months ended September 30, 2020. Amortization expense on finance lease assets was $0.7 million for the three months ended September 30, 2019 and $1.9 million for the nine months ended September 30, 2019. Property and equipment purchased through accounts payable and accrued liabilities decreased $6.3 million during the nine months ended September 30, 2020 and increased $2.0 million during the nine months ended September 30, 2019. We recorded fixed asset impairment charges primarily related to capitalized software of $0.7 million during the three months ended September 30, 2020.

Other Investments and Assets

Other Investments and Assets	9 Months Ended
	Sep. 30, 2020
Investments All Other Investments [Abstract]
Other Investments and Assets	Note 8. Other Investments and Assets Other investments and assets consisted of the following: September 30, December 31, (in thousands) 2020 2019 Self-insured liability receivable $ 9,982 $ 9,982 Contract costs 4,464 3,961 Other mutual funds 3,136 3,107 Cash surrender value of life insurance — 24,873 Other 2,355 3,196 Other investments and assets $ 19,937 $ 45,119

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	9 Months Ended
	Sep. 30, 2020
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) GES North America GES EMEA Pursuit Total Balance at December 31, 2019 $ 155,276 $ 30,829 $ 101,878 $ 287,983 Goodwill impairment (155,276 ) (29,042 ) (1,757 ) (186,075 ) Foreign currency translation adjustments — (1,787 ) (3,190 ) (4,977 ) Balance at September 30, 2020 $ — $ — $ 96,931 $ 96,931 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) in order to estimate the fair value of our reporting units for purposes of goodwill impairment testing. In early March 2020, as a result of COVID-19 concerns, we began to see event postponements and cancellations at GES, as well as cancelled bookings at Pursuit. This quickly escalated into the shut-down of event activity and tourism as government mandated closures and stay-at-home orders went more broadly into effect around the world. As demand halted, we essentially placed our businesses into a state of hibernation to preserve cash. As government mandated closures and stay-at-home orders started to be lifted, we began to restart our business with enhanced health and safety protocols in place. We phased in most of Pursuit’s attractions and lodging operations starting in May and continuing into July. However, exhibition and event activity remain largely closed. For GES, we believe that as governments continue to lift restrictions, events in certain geographies will gradually increase. During the three months ended March 31, 2020, we determined that an interim triggering event had occurred due to the deteriorating macroeconomic environment, disruptions to our operations, and the sustained decline in our stock price caused by COVID-19. As such, we performed an interim evaluation of goodwill as of March 31, 2020. As a result, we recorded non-cash goodwill impairment charges of $41.9 million associated with GES U.S., $29.0 million associated with GES EMEA, and $1.8 million associated with Pursuit’s Glacier Park Collection. We recorded an income tax benefit of $12.4 million during the three months ended March 31, 2020 related to these goodwill impairment charges. This income tax benefit was reversed during the second quarter of 2020 due to the recording of a valuation allowance. Refer to Note 16 – Income Taxes. During the three months ended June 30, 2020, GES continued to experience event postponements and cancellations and we experienced further declines in our stock price. There had also been an increased spread of the COVID-19 virus throughout the United States, which resulted in further closures and government orders that we believed had increased the uncertainty regarding when the live event industry would re-commence and how long it would take to get back to similar pre-COVID-19 business levels. The uncertainty regarding the duration of the current domestic and global economic conditions and whether further deterioration in the macroeconomic environment would continue as a result of the COVID-19 pandemic was factored into our second quarter goodwill impairment analysis. As a result, we recorded a full impairment charge to the remaining GES goodwill balance of $113.1 million during the three months ended June 30, 2020. Our remaining goodwill balance as of September 30, 2020 of $96.9 million pertains to our Pursuit business. During the three months ended September 30, 2020, the travel and hospitality industry continued to be negatively impacted by the COVID-19 pandemic. Although Pursuit’s reporting units continued to operate at a loss due to travel restrictions, as there were no significant changes to our outlook for the future years and the risk profile of the reporting units had not changed, we did not record any additional impairment charges during the third quarter. Additionally, we experienced a slight increase in our stock price during the three months ended September 30, 2020. Given the evolving, uncertain nature of COVID-19, and the uncertain government and consumer reactions, the estimates and assumptions regarding expected future cash flows, discount rates, and terminal values used in our goodwill impairment analysis require considerable judgment and are based on our current estimates of market conditions, financial forecasts, and industry trends. These estimates, however, have inherent uncertainties and different assumptions could lead to materially different results including additional impairment charges in the future. Other intangible assets consisted of the following: September 30, 2020 December 31, 2019 (in thousands) Useful Life (Years) Gross Carrying Value Accumulated Amortization Net Carrying Value Gross Carrying Value Accumulated Amortization Net Carrying Value Intangible assets subject to amortization: Customer contracts and relationships 6.4 $ 40,006 $ (27,381 ) $ 12,625 $ 72,219 $ (40,866 ) $ 31,353 Operating contracts and licenses 36.8 39,156 (2,258 ) 36,898 43,329 (1,881 ) 41,448 In-place lease 13.8 14,670 (532 ) 14,138 15,044 (231 ) 14,813 Tradenames 5.5 5,687 (2,155 ) 3,532 9,423 (4,338 ) 5,085 Non-compete agreements 1.3 736 (552 ) 184 2,077 (1,775 ) 302 Other 7.4 783 (90 ) 693 802 (66 ) 736 Total amortized intangible assets 101,038 (32,968 ) 68,070 142,894 (49,157 ) 93,737 Indefinite-lived intangible assets: Business licenses 568 — 568 571 — 571 Other intangible assets $ 101,606 $ (32,968 ) $ 68,638 $ 143,465 $ (49,157 ) $ 94,308 Intangible asset amortization expense was $1.5 million for the three months ended September 30, 2020 and $5.2 million for the nine months ended September 30, 2020. Intangible asset amortization expense was $2.9 million for the three months ended September 30, 2019 and $8.2 million for the nine months ended September 30, 2019. We recorded an impairment charge to intangible assets of $15.7 million during the nine months ended September 30, 2020 related to our U.S. audio-visual production business. The duration and impact of COVID-19 may result in additional future impairment charges as facts and circumstances evolve. At September 30, 2020, the estimated future amortization expense related to intangible assets subject to amortization is as follows: (in thousands) Year ending December 31, Remainder of 2020 $ 1,278 2021 5,089 2022 4,968 2023 4,322 2024 3,383 Thereafter 49,030 Total $ 68,070

Other Current Liabilities

Other Current Liabilities	9 Months Ended
	Sep. 30, 2020
Other Liabilities Current [Abstract]
Other Current Liabilities	Note 10. Other Current Liabilities Other current liabilities consisted of the following: September 30, December 31, (in thousands) 2020 2019 Continuing operations: Self-insured liability $ 6,227 $ 5,668 Accrued restructuring 4,574 2,130 Accrued sales and use taxes 2,914 5,451 Commissions payable 2,541 8,274 Accrued employee benefit costs 2,108 3,564 Current portion of pension and postretirement liabilities 1,722 1,899 Accrued professional fees 1,137 1,248 Accrued legal settlement — 2,500 Accrued dividends — 2,019 Other taxes 1,655 278 Accommodation services deposits 506 959 Other 6,204 5,187 Total continuing operations 29,588 39,177 Discontinued operations: Self-insured liability 422 260 Environmental remediation liabilities 60 311 Other 57 76 Total discontinued operations 539 647 Total other current liabilities $ 30,127 $ 39,824

Other Deferred Items and Liabil

Other Deferred Items and Liabilities	9 Months Ended
	Sep. 30, 2020
Other Liabilities Disclosure [Abstract]
Other Deferred Items and Liabilities	Note 11. Other Deferred Items and Liabilities Other deferred items and liabilities consisted of the following: September 30, December 31, (in thousands) 2020 2019 Continuing operations: Foreign deferred tax liability $ 25,127 $ 32,570 Multi-employer pension plan withdrawal liability 15,970 15,693 Self-insured excess liability 9,982 9,982 Self-insured liability 8,046 8,682 Accrued compensation 4,806 7,485 Accrued restructuring 2,447 2,383 Contract liabilities 623 125 Other 3,487 2,423 Total continuing operations 70,488 79,343 Discontinued operations: Environmental remediation liabilities 2,186 1,964 Self-insured liability 1,824 2,018 Other 676 382 Total discontinued operations 4,686 4,364 Total other deferred items and liabilities $ 75,174 $ 83,707

Debt and Finance Lease Obligati

Debt and Finance Lease Obligations	9 Months Ended
	Sep. 30, 2020
Debt Disclosure [Abstract]
Debt and Finance Lease Obligations	Note 12. Debt and Finance Lease Obligations The components of long-term debt and finance lease obligations consisted of the following: September 30, December 31, (in thousands, except interest rates) 2020 2019 2018 Credit Facility, 4.6% weighted-average interest rate at September 30, 2020 and 3.9% at December 31, 2019, due through 2023 (1) $ 230,543 $ 311,464 FlyOver Iceland Credit Facility, 4.9% weighted-average interest rate at September 30, 2020 and December 31, 2019, due through 2022 (1) 5,584 5,607 Less unamortized debt issuance costs (2,953 ) (1,836 ) Total debt (2) 233,174 315,235 Finance lease obligations, 7.9% weighted-average interest rate at September 30, 2020 and 7.7% at December 31, 2019, due through 2039 23,018 25,257 Total debt and finance lease obligations (3) 256,192 340,492 Current portion (4) (4,040 ) (5,330 ) Long-term debt and finance lease obligations $ 252,152 $ 335,162 (1) Represents the weighted-average interest rate in effect at the respective periods, including any applicable margin. The interest rates do not include amortization of debt issuance costs or commitment fees. (2) The estimated fair value of total debt and finance leases was $222.0 million as of September 30, 2020 and $339.4 million as of December 31, 2019. The fair value of debt was estimated by discounting the future cash flows using rates currently available for debt of similar terms and maturity, which is a Level 2 measurement. Refer to Note 13 – Fair Value Measurements. ( 3) Cash paid for interest on debt was $12.1 million for the nine months ended September 30, 2020 and $8.8 million for the nine months ended September 30, 2019. (4) Subsequent to the filing of our 2019 Form 10-K, we identified a correction related to the classification of the 2018 Credit Facility (as defined below) from current to long-term given that the 2018 Credit Facility’s contractual maturity was not within 12 months 2018 Credit Agreement Effective October 24, 2018, we entered into a Second Amended and Restated Credit Agreement (the “2018 Credit Agreement”). The 2018 Credit Agreement has a maturity date of October 24, 2023 and provides for a $450 million revolving credit facility (“2018 Credit Facility”). Borrowings and letters of credit can be denominated in U.S. dollars, Euros, Canadian dollars, or British pounds. Under the 2018 Credit Agreement, our lenders have a first perfected security interest in all of our personal property. As of September 30, 2020, we were not in compliance with our financial covenants, however, we obtained financial covenant relief until September 30, 2022 pursuant to the amendment to the 2018 Credit Agreement described below. Effective August 5, 2020, we entered into an amendment to the 2018 Credit Agreement, which, among other things, (i) waives our financial covenants until September 30, 2022 (the “Covenant Waiver Period”) and (ii) requires us to maintain minimum liquidity of $125 million with a step down to $100 million at December 31, 2020. The Covenant Waiver Period will be in effect until the earlier of September 30, 2022 or the fiscal quarter when our leverage ratio is less than or equal to 4.00 to 1.00. Post Covenant Waiver Period, the maximum leverage ratio will be less than or equal to 4.50 to 1.00 at September 30, 2022 with a step down to less than or equal to 4.00 to 1.00 at December 31, 2022 and thereafter until the maturity date. The minimum interest coverage ratio will be greater than or equal to 2.00 to 1.00 post Covenant Waiver Period and until maturity of the facility. The interest rate on the borrowings is equal to LIBOR plus 350 basis points, with a LIBOR floor of one percent during the Covenant Waiver Period. The LIBOR floor continues until the end of the 2018 Credit Agreement. A revised pricing grid goes into effect after the Covenant Waiver Period ends. Additionally, we are precluded from paying cash dividends, from issuing unsecured debt, and from accessing the $250 million expansion feature during the Covenant Waiver Period. The amendment allows us to make acquisitions under certain conditions. Viad pledged 100% of the capital stock of its wholly-owned domestic subsidiaries and it top-tier foreign subsidiaries (other than Esja). Fees related to the amendment were approximately $1.7 million. Refer to Note 1 – Overview and Basis of Presentation (Impact of COVID-19) for additional information. During the three months ended September 30, 2020, we repaid approximately $217 million of principal on our outstanding 2018 Credit Facility. As of September 30, 2020, capacity remaining under the 2018 Credit Facility was $209.8 million, reflecting borrowings of $230.5 million and $9.7 million in outstanding letters of credit. We index borrowings under the 2018 Credit Facility to the prime rate or the LIBOR, plus appropriate spreads tied to our leverage ratio. As LIBOR will be phased out in 2021, our 2018 Credit Facility includes a method for determining an alternative or successor rate of interest that considers the new prevailing market convention. The vast majority of our borrowings under the 2018 Credit Facility are indexed to LIBOR. Commitment fees and letters of credit fees are also tied to our leverage ratio. The fees on the unused portion of the 2018 Credit Facility were 0.50% annually as of September 30, 2020. We index only our borrowings under the 2018 Credit Facility and the discount rates we use to account for some leases to LIBOR. We do not expect the alternative or successor rate to LIBOR to have a material impact on either our 2018 Credit Facility or the accounting for our leases. FlyOver Iceland Credit Facility Effective February 15, 2019, FlyOver Iceland ehf., a wholly-owned subsidiary of Esja, entered into a credit agreement with a €5.0 million (approximately $5.6 million U.S. dollars) credit facility (the “FlyOver Iceland Credit Facility”) with a maturity date of March 1, 2022. We used the loan proceeds to complete the development of the FlyOver Iceland attraction. In response to COVID-19, we entered into an addendum to the FlyOver Iceland Credit Facility effective May 14, 2020 wherein the principal and interest payments were deferred for six months beginning June 1, 2020, with the first payment due December 1, 2020. The addendum also extended the maturity date to September 1, 2022. There were no other changes to the terms of the FlyOver Iceland Credit Facility. Effective July 31, 2020, we obtained a waiver of certain covenants to the FlyOver Iceland Credit Facility through 2021.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2020
Fair Value Disclosures [Abstract]
Fair Value Measurements	Note 13. Fair Value Measurements The fair value of an asset or liability is defined as the price that would be received by selling an asset or paying to transfer a liability in an orderly transaction between market participants at the measurement date. The fair value guidance requires an entity to maximize the use of quoted prices and other observable inputs and minimize the use of unobservable inputs when measuring fair value, and also establishes a fair value hierarchy, which prioritizes the inputs to valuation techniques used to measure fair value as follows: Level 1 - Quoted prices in active markets for identical assets or liabilities. Level 2 - Observable inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. Level 3 - Unobservable inputs to the valuation methodology that are significant to the measurement of fair value. Money market mutual funds and certain other mutual fund investments are measured at fair value on a recurring basis using Level 1 inputs. The fair value information related to these assets is summarized in the following tables: Fair Value Measurements at Reporting Date Using (in thousands) September 30, 2020 Quoted Prices in Active Markets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets: Money market funds (1) $ 2 $ 2 $ — $ — Other mutual funds (2) 3,136 3,136 — — Total assets at fair value on a recurring basis $ 3,138 $ 3,138 $ — $ — Fair Value Measurements at Reporting Date Using (in thousands) December 31, 2019 Quoted Prices in Active Markets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets: Money market funds (1) $ 123 $ 123 $ — $ — Other mutual funds (2) 3,107 3,107 — — Total assets at fair value on a recurring basis $ 3,230 $ 3,230 $ — $ — (1) (2) We include other mutual funds in “Other investments and assets” in the Condensed Consolidated Balance Sheets. The carrying values of cash and cash equivalents, receivables, and accounts payable approximate fair value due to the short-term nature of these instruments. Refer to Note 12 –

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	9 Months Ended
	Sep. 30, 2020
Equity [Abstract]
Accumulated Other Comprehensive Income (Loss)	Note 14. Accumulated Other Comprehensive Income (Loss) Changes in accumulated other comprehensive income (“AOCI”) by component are as follows: (in thousands) Cumulative Foreign Currency Translation Adjustments Unrecognized Net Actuarial Loss and Prior Service Credit, Net Accumulated Other Comprehensive Income (Loss) Balance at December 31, 2019 $ (23,799 ) $ (11,900 ) $ (35,699 ) Other comprehensive loss before reclassifications (7,342 ) — (7,342 ) Amounts reclassified from AOCI, net of tax — 354 354 Net other comprehensive income (loss) (7,342 ) 354 (6,988 ) Balance at September 30, 2020 $ (31,141 ) $ (11,546 ) $ (42,687 ) (in thousands) Cumulative Foreign Currency Translation Adjustments Unrecognized Net Actuarial Loss and Prior Service Credit, Net Accumulated Other Comprehensive Income (Loss) Balance at December 31, 2018 $ (36,332 ) $ (11,643 ) $ (47,975 ) Other comprehensive income before reclassifications 3,868 — 3,868 Amounts reclassified from AOCI, net of tax — 196 196 Net other comprehensive income 3,868 196 4,064 Balance at September 30, 2019 $ (32,464 ) $ (11,447 ) $ (43,911 ) Amounts reclassified that relate to our defined benefit pension and postretirement plans include the amortization of prior service costs and actuarial net losses recognized during each period presented. We recorded these costs as components of net periodic cost for each period presented. Refer to Note 17 – Pension and Postretirement Benefits for additional information.

Income (Loss) Per Share

Income (Loss) Per Share	9 Months Ended
	Sep. 30, 2020
Earnings Per Share [Abstract]
Income (Loss) Per Share	Note 15. Income (Loss) Per Share The components of basic and diluted income per share are as follows: Three Months Ended Nine Months Ended September 30, September 30, (in thousands, except per share data) 2020 2019 2020 2019 Net income (loss) attributable to Viad (diluted) $ (30,758 ) $ 31,416 $ (323,621 ) $ 27,463 Less: Allocation to non-vested shares — (226 ) — (196 ) Convertible preferred stock dividends (1,134 ) — (1,134 ) — Adjustment to the redemption value of redeemable noncontrolling interest (468 ) (264 ) (926 ) (530 ) Net income (loss) allocated to Viad common stockholders (basic) $ (32,360 ) $ 30,926 $ (325,681 ) $ 26,737 Basic weighted-average outstanding common shares 20,293 20,168 20,263 20,129 Additional dilutive shares related to share-based compensation — 143 — 138 Diluted weighted-average outstanding shares 20,293 20,311 20,263 20,267 Income (loss) per share: Basic income (loss) attributable to Viad common stockholders $ (1.59 ) $ 1.53 $ (16.07 ) $ 1.33 Diluted income (loss) attributable to Viad common stockholders (1) $ (1.59 ) $ 1.53 $ (16.07 ) $ 1.33 (1) The dilutive effect of the outstanding common shares, excluding the Convertible Series A Preferred Stock, is reflected in diluted loss per share by application of the treasury stock method. The dilutive effect of the Convertible Series A Preferred Stock is reflected in the diluted loss per share by application of the if-converted method.

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2020
Income Tax Disclosure [Abstract]
Income Taxes	Note 16. Income Taxes The effective tax rate was a negative 2.7% for the three months ended September 30, 2020 and 25.6% for the three months ended September 30, 2019. The effective tax rate was a negative 6.8% for the nine months ended September 30, 2020 and 26.5% for the nine months ended September 30, 2019. The negative effective tax rates for the three and nine months ended September 30, 2020 were due to no tax benefits being recorded on our U.S., United Kingdom, and other European jurisdictions as a result of recording In response to the COVID-19 pandemic, many governments have enacted or are contemplating measures to provide aid and economic stimulus. These measures may include deferring the due dates of tax payments or other changes to income and non-income-based tax laws. For the three and nine months ended September 30, 2020, there were no material tax impacts to our condensed consolidated financial statements as they relate to COVID-19 measures. We received $6.8 million and $14.7 million of tax refunds in excess of payments for the three and nine months ended September 30, 2020, respectively. Net cash paid for income taxes was $4.1 million and $12.1 million for the three and nine months ended September 30, 2019, respectively.

Pension and Postretirement Bene

Pension and Postretirement Benefits	9 Months Ended
	Sep. 30, 2020
Compensation And Retirement Disclosure [Abstract]
Pension and Postretirement Benefits	Note 17. Pension and Postretirement Benefits The components of net periodic benefit cost of our pension and postretirement benefit plans for the three months ended September 30, 2020 and 2019 consist of the following: Domestic Plans Pension Plans Postretirement Benefit Plans Foreign Pension Plans (in thousands) 2020 2019 2020 2019 2020 2019 Service cost $ — $ 15 $ 7 $ 13 $ 112 $ 101 Interest cost 162 209 64 93 87 92 Expected return on plan assets (74 ) (35 ) — — (134 ) (122 ) Amortization of prior service credit — — (36 ) (47 ) — — Recognized net actuarial loss 130 96 (26 ) (43 ) 48 37 Net periodic benefit cost $ 218 $ 285 $ 9 $ 16 $ 113 $ 108 The components of net periodic benefit cost of our pension and postretirement benefit plans for the nine months ended September 30, 2020 and 2019 consist of the following: Domestic Plans Pension Plans Postretirement Benefit Plans Foreign Pension Plans (in thousands) 2020 2019 2020 2019 2020 2019 Service cost $ — $ 46 $ 38 $ 48 $ 330 $ 303 Interest cost 490 646 222 343 254 281 Expected return on plan assets (109 ) (74 ) — — (394 ) (364 ) Amortization of prior service credit — — (109 ) (141 ) — — Recognized net actuarial loss 395 302 13 84 138 111 Net periodic benefit cost $ 776 $ 920 $ 164 $ 334 $ 328 $ 331 We expect to contribute $1.3 million to our funded pension plans, $0.9 million to our unfunded pension plans, and $1.0 million to our postretirement benefit plans in 2020. During the nine months ended September 30, 2020, we contributed $0.2 million to our funded pension plans, $0.7 million to our unfunded pension plans, and $0.6 million to our postretirement benefit plans.

Restructuring Charges

Restructuring Charges	9 Months Ended
	Sep. 30, 2020
Restructuring And Related Activities [Abstract]
Restructuring Charges	Note 18. Restructuring Charges GES As part of our efforts to drive efficiencies and simplify our business operations, we took certain restructuring actions designed to simplify and transform GES for greater profitability. In response to the COVID-19 pandemic in 2020, we accelerated our transformation and streamlining efforts at GES to significantly reduce costs and create a lower and more flexible cost structure focused on servicing our more profitable market segments. These initiatives included recording restructuring charges related to the elimination of positions and facility closures at GES, as well as charges related to the closure and liquidation of GES’ United Kingdom-based audio-visual services business. Other Restructurings We recorded restructuring charges in connection with the consolidation of certain support functions at our corporate headquarters. These charges primarily consist of severance and related benefits due to headcount reductions and charges related to the downsizing of facilities. Changes to the restructuring liability by major restructuring activity are as follows: GES Other Restructurings (in thousands) Severance & Employee Benefits Facilities Severance & Employee Benefits Total Balance at December 31, 2019 $ 2,935 $ 1,339 $ 239 $ 4,513 Restructuring charges 5,332 6,039 999 12,370 Cash payments (3,261 ) (197 ) (569 ) (4,027 ) Non-cash items (1) — (5,152 ) — (5,152 ) Adjustment to liability (54 ) (17 ) (612 ) (683 ) Balance at September 30, 2020 $ 4,952 $ 2,012 $ 57 $ 7,021 (1) Represents the FX impact related to the closure and liquidation of GES’ United Kingdom-based audio-visual services business during the three months ended September 30, 2020. As of September 30, 2020, we expect to pay all but $1.5 million of the liabilities related to severance and employee benefits by the end of 2020. The liability related to future lease payments will be paid over the remaining lease terms. Refer to Note 22 –

Leases and Other

Leases and Other	9 Months Ended
	Sep. 30, 2020
Leases [Abstract]
Leases and Other	Note 19. Leases and Other The balance sheet presentation of our operating and finance leases is as follows: September 30, December 31, (in thousands) Classification on the Condensed Consolidated Balance Sheet 2020 2019 Assets: Operating lease assets Operating lease right-of-use assets $ 88,394 $ 103,314 Finance lease assets Property and equipment, net 22,786 25,350 Total lease assets $ 111,180 $ 128,664 Liabilities: Current: Operating lease obligations Operating lease obligations $ 17,872 $ 22,180 Finance lease obligations Current portion of debt and finance lease obligations 2,895 3,386 Noncurrent: Operating lease obligations Long-term operating lease obligations 73,688 82,851 Finance lease obligations Long-term debt and finance lease obligations 20,123 21,871 Total lease liabilities $ 114,578 $ 130,288 The components of lease expense consisted of the following: Three Months Ended Nine Months Ended September 30, September 30, (in thousands) 2020 2019 2020 2019 Finance lease cost: Amortization of right-of-use assets $ 926 $ 697 $ 2,767 $ 1,895 Interest on lease liabilities 429 130 1,258 379 Operating lease cost 6,596 6,625 20,235 19,456 Short-term lease cost 123 571 465 1,348 Variable lease cost 1,557 1,478 4,615 4,695 Sublease income (1) — 226 — — Total lease cost, net $ 9,631 $ 9,727 $ 29,340 $ 27,773 (1) Other information related to operating and finance leases are as follows: Three Months Ended Nine Months Ended September 30, September 30, (in thousands) 2020 2019 2020 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 5,644 $ 7,250 $ 18,268 $ 20,853 Operating cash flows from finance leases $ 839 $ 210 $ 1,705 $ 459 Financing cash flows from finance leases $ 665 $ 525 $ 2,235 $ 1,537 Right-of-use assets obtained in exchange for lease obligations: Operating leases $ (3,059 ) $ 49,123 $ 1,018 $ 62,375 Finance leases $ 126 $ 14,893 $ 1,894 $ 35,844 September 30, December 31, 2020 2019 Weighted-average remaining lease term (years): Operating leases 8.30 8.17 Finance leases 13.58 14.01 Weighted-average discount rate: Operating leases 5.89 % 5.77 % Finance leases 7.91 % 7.73 % As of September 30, 2020, 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 2020 $ 6,188 $ 1,458 $ 7,646 2021 20,043 4,284 24,327 2022 15,844 3,796 19,640 2023 13,407 3,276 16,683 2024 10,265 2,609 12,874 Thereafter 54,410 23,556 77,966 Total future lease payments 120,157 38,979 159,136 Less: Amount representing interest (28,597 ) (15,961 ) (44,558 ) Present value of minimum lease payments 91,560 23,018 114,578 Current portion 17,872 2,895 20,767 Long-term portion $ 73,688 $ 20,123 $ 93,811 As of September 30, 2020, the estimated future minimum rentals under non-cancellable leases, which includes rental income from facilities that we own, are as follows: (in thousands) Remainder of 2020 $ 431 2021 1,499 2022 1,046 2023 830 2024 612 Thereafter 1,765 Total minimum rents $ 6,183 Leases Not Yet Commenced As of September 30, 2020, we had executed certain facility and land leases for which we did not have control of the underlying assets. Accordingly, we did not record the lease liabilities and right-of-use assets on our Condensed Consolidated Balance Sheets. These leases include future planned attractions for Pursuit that are currently in the planning or development phase and that we expect the lease commencement dates to begin between fiscal years 2021 and 2022 with lease terms of 15 to 47 years.

Litigation, Claims, Contingenci

Litigation, Claims, Contingencies and Other	9 Months Ended
	Sep. 30, 2020
Commitments And Contingencies Disclosure [Abstract]
Litigation, Claims, Contingencies and Other	Note 20. Litigation, Claims, Contingencies, and Other We are plaintiffs or defendants to various actions, proceedings, and pending claims, some of which involve, or may involve, compensatory, punitive, or other damages. Litigation is subject to many uncertainties and it is possible that some of the legal actions, proceedings, or claims could be decided against us. During the three months ended March 31, 2019, we recorded an $8.5 million charge to resolve a legal dispute at GES involving a former industry contractor. Although the amount of liability as of September 30, 2020 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 enroute with 27 people to the Athabasca Glacier, resulting in three fatalities and multiple other serious injuries. We continue to support the victims and their families, and we are fully cooperating with the applicable regulatory authorities to investigate this accident. We immediately reported the accident to our relevant insurance carriers, who are also supporting the investigation. Subject to customary deductibles, we believe that our insurance coverage is sufficient to cover potential claims related to this accident. We are subject to various U.S. federal, state, and foreign laws and regulations governing the prevention of pollution and the protection of the environment in the jurisdictions in which we have or had operations. If we fail to comply with these environmental laws and regulations, civil and criminal penalties could be imposed, and we could become subject to regulatory enforcement actions in the form of injunctions and cease and desist orders. As is the case with many companies, we also face exposure to actual or potential claims and lawsuits involving environmental matters relating to our past operations. As of September 30, 2020, 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 September 30, 2020, on behalf of our subsidiaries, we had certain obligations under guarantees to third parties. These guarantees are not subject to liability recognition in the condensed consolidated financial statements and relate to leased facilities and equipment leases entered into by our subsidiary operations. We would generally be required to make payments to the respective third parties under these guarantees in the event that the related subsidiary could not meet its own payment obligations. The maximum potential amount of future payments that we would be required to make under all guarantees existing as of September 30, 2020 would be $75.5 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 2020 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. During the three months ended June 30, 2019, we finalized the terms of a new collective-bargaining agreement with the Teamsters Local 727 union. The terms included a withdrawal from the underfunded Central States Pension Plan. Accordingly, we recorded a charge of $15.5 million, which represents the estimated present value of future contributions we will be required to make to the plan as a result of this withdrawal and $0.2 million of other withdrawal costs. 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 $14.3 million as of September 30, 2020, which includes $9.8 million related to workers’ compensation liabilities, and $4.5 million related to general liability claims. We have also retained and provided for certain workers’ compensation insurance liabilities in conjunction with previously sold businesses of $2.2 million as of September 30, 2020. 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 September 30, 2020. 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 $1.6 million for the three months ended September 30, 2020 and $4.4 million for the nine months ended September 30, 2020 and $2.0 million for the three months ended September 30, 2019 and $5.3 million for the nine months ended September 30, 2019. In addition, as of September 30, 2020, we have recorded insurance liabilities of $10.0 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, $ million related to workers’ compensation liabilities and $ 3.5 million related to general/auto liability claims, which are recorded in other deferred items and liabilities in the Condensed Consolidated Balance Sheets with a corresponding receivable in other investments .

Redeemable Noncontrolling Inter

Redeemable Noncontrolling Interest	9 Months Ended
	Sep. 30, 2020
Noncontrolling Interest [Abstract]
Redeemable Noncontrolling Interest	Note 21. 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. Through Esja and its wholly-owned subsidiary, we are operating a new FlyOver Iceland attraction. The minority Esja shareholders have the right to sell (or “put”) their Esja shares to us based on a multiple of 5.0x EBITDA as calculated on the trailing 12 months from the most recently completed quarter before the put option exercise. The put option is only exercisable after 36 months of business operation (the “Reference Date”) and if the FlyOver Iceland attraction has earned a minimum of €3.25 million in unadjusted EBITDA during the most recent fiscal year and during the trailing 12-month period prior to exercise (the “Put Option Condition”). The put option is exercisable during a period of 12 months following the Reference Date (the “Option Period”) if the Put Option Condition has been met. If the Put Option Condition has not been met during the first Option Period, the Reference Date will be extended for an additional 12 months up to three times. If after 72 months, the FlyOver Iceland attraction has not achieved the Put Option Condition, the put option expires. If the Put Option Condition is met during any of the Option Periods, yet the shares are not exercised prior to the end of the 12-month Option Period, the put option will expire. The noncontrolling interest’s carrying value is determined by the fair value of the noncontrolling interest as of the acquisition date and the noncontrolling interest’s share of the subsequent net income or loss. This value is benchmarked against the redemption value of the sellers’ put option. The carrying value is adjusted to the redemption value, provided that it does not fall below the initial carrying value, as determined by the purchase price allocation. We have made a policy election to reflect any changes caused by such an adjustment to retained earnings, rather than to current earnings. Changes in the redeemable noncontrolling interest are as follows: (in thousands) Balance at December 31, 2019 $ 6,172 Net loss attributable to redeemable noncontrolling interest (1,023 ) Adjustment to the redemption value 926 Foreign currency translation adjustment (804 ) Balance at September 30, 2020 $ 5,271

Segment Information

Segment Information	9 Months Ended
	Sep. 30, 2020
Segment Reporting [Abstract]
Segment Information	Note 22. Segment Information We measure the profit and performance of our operations on the basis of segment operating income (loss), which excludes restructuring charges and recoveries and impairment charges. Intersegment sales are eliminated in consolidation and intersegment transfers are not significant. Corporate activities include expenses not allocated to operations. Depreciation and amortization and share-based compensation expense are the only significant non-cash items for the reportable segments. Our reportable segments, with reconciliations to consolidated totals, are as follows: Three Months Ended Nine Months Ended September 30, September 30, (in thousands) 2020 2019 2020 2019 Revenue: GES: GES North America $ 11,767 $ 185,124 $ 273,423 $ 666,825 GES EMEA 2,774 39,300 52,096 156,473 Intersegment eliminations (284 ) (5,724 ) (3,258 ) (14,731 ) Total GES 14,257 218,700 322,261 808,567 Pursuit 48,815 135,043 67,602 201,119 Total revenue $ 63,072 $ 353,743 $ 389,863 $ 1,009,686 Segment operating income (loss): GES: GES North America $ (10,986 ) $ (8,562 ) $ (28,194 ) $ 22,635 GES EMEA (7,262 ) (3,024 ) (11,256 ) 2,775 Total GES (18,248 ) (11,586 ) (39,450 ) 25,410 Pursuit 11,467 66,392 (26,499 ) 64,710 Segment operating income (loss) (6,781 ) 54,806 (65,949 ) 90,120 Corporate eliminations (1) 16 16 48 49 Corporate activities (2,645 ) (2,680 ) (5,902 ) (7,795 ) Operating income (loss) (9,410 ) 52,142 (71,803 ) 82,374 Interest income 58 79 313 260 Interest expense (5,508 ) (3,740 ) (14,712 ) (9,612 ) Multi-employer pension plan withdrawal — — (462 ) (15,508 ) Other expense (210 ) (281 ) (894 ) (1,192 ) Restructuring recoveries (charges): GES North America (2,310 ) (881 ) (2,277 ) (5,139 ) GES EMEA (8,376 ) (759 ) (9,094 ) (1,501 ) Pursuit 12 — (45 ) — Corporate (585 ) (62 ) (954 ) (205 ) Impairment charges: GES North America — — (171,094 ) — GES EMEA (676 ) — (30,225 ) — Pursuit — — (1,757 ) — Legal settlement: GES — — — (8,500 ) Income (loss) from continuing operations before income taxes $ (27,005 ) $ 46,498 $ (303,004 ) $ 40,977 (1)

Common and Preferred Stock

Common and Preferred Stock	9 Months Ended
	Sep. 30, 2020
Equity [Abstract]
Common and Preferred Stock	Note 23. Common and Preferred Stock Convertible Series A Preferred Stock On August 5, 2020, we entered into an Investment Agreement with funds managed by private equity firm Crestview Partners, relating to the issuance of 135,000 shares of newly issued Convertible Series A Preferred Stock, par value $0.01 per share, for an aggregate purchase price of $135 million or $1,000 per share. The $135 million issuance was offset in part by $9.2 million of expenses related to the capital raise. The Investment Agreement also includes a delayed draw commitment of up to $45 million in additional Convertible Series A Preferred Stock, which we may access during the 12 months following the August 5, 2020 closing date on the same terms and conditions as the initial investment. We have classified the convertible preferred stock as temporary equity in our 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 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 We previously announced our Board of Directors’ authorization 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. During the nine months ended September 30, 2020, we repurchased 53,784 shares on the open market for $2.8 million. As of September 30, 2020, 546,283 shares remain available for repurchase. No shares were purchased on the open market during the nine months ended September 30, 2019. Additionally, we repurchase shares related to tax withholding requirements on vested restricted stock awards. Refer to Note 3 – Share-Based Compensation. In March 2020, our Board of Directors suspended our share repurchase program for the foreseeable future. Stockholder Rights Plan On March 29, 2020, our Board of Directors adopted a short-term stockholder rights plan and declared a dividend payable to stockholders of record on April 13, 2020 of one preferred stock purchase right per each outstanding share of Viad common stock to purchase one one-hundredth of a share of Viad’s Junior Participating Preferred Stock at an exercise price of $115.00. Our Board of Directors will be able to redeem the rights at $0.01 per right at any time before a person or group acquired 10% (20% in the case of a passive institutional investor) or more of the outstanding common stock. On August 5, 2020, the stockholder rights plan was amended, whereby Crestview and affiliated parties were designated as exempt persons, and as such the issuance of preferred stock to Crestview did not result in a triggering event. The rights otherwise expire on February 28, 2021, subject to our right to extend the date, unless we redeem, exchange, or terminate the rights earlier. Subject to limited exceptions, if a person or group acquires 10% (20% in the case of a passive institutional investor) or more of our common stock (including shares that are synthetically owned pursuant to derivative transactions or ownership of derivative securities) or announces a tender offer, and the consummation of that offer would result in such ownership (we refer to such a person or group as an “acquiring person”), each right will entitle its holder to purchase, at the right’s then-current exercise price, a number of shares of common stock having a market value at that time of twice the right’s exercise price. Rights held by the acquiring person will become void and will not be exercisable. If the Company is acquired in a merger or other business combination transaction that has not been approved by our Board of Directors after the rights become exercisable, each right will entitle its holder to purchase, at the right’s then-current exercise price, a number of shares of the acquiring company’s common stock having a market value at that time of twice the right’s exercise price.

Overview and Basis of Present_2

Overview and Basis of Presentation (Policies)	9 Months Ended
	Sep. 30, 2020
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Nature of Business	Nature of Business We are an international experiential services company with operations in the United States, Canada, the United Kingdom, continental Europe, the United Arab Emirates, and Iceland. We are committed to providing unforgettable experiences to our clients and guests. We operate through three reportable business segments: GES North America, GES EMEA (collectively, “GES”), and Pursuit. GES GES is a global, full-service live events company offering a comprehensive range of services to event organizers and corporate brand marketers. Event organizers schedule and run events from start to finish. Corporate brand marketers include exhibitors and domestic and international corporations that want to promote their brands, services and innovations, feature new products, and build business relationships. GES serves corporate brand marketers when they exhibit at shows and when GES is engaged to manage their global exhibit program or produce their proprietary corporate events. Pursuit Pursuit is a collection of inspiring and unforgettable travel experiences that include recreational attractions, unique hotels and lodges, food and beverage, retail, sightseeing, and ground transportation services
Impact of COVID-19	Impact of COVID-19 On March 11, 2020, the World Health Organization declared COVID-19 a “pandemic.” COVID-19 has spread rapidly, with a high concentration of confirmed cases in the U.S. and other countries in which we operate. The rapid spread has resulted in authorities around the world implementing numerous measures to contain the virus, such as travel bans and restrictions, quarantines, shelter-in-place orders, and business shutdowns. The COVID-19 pandemic and these containment measures have had, and are expected to continue to have, a substantial negative impact on businesses around the world and on global, regional, and national economies. The COVID-19 pandemic is having and will likely continue to have a significant and negative impact on our operations and financial performance, with live events largely shut down and tourism activity disruptions. In response to the COVID-19 pandemic, we implemented aggressive cost reduction measures to preserve cash, including furloughs, layoffs, mandatory unpaid time off, or salary reductions for all employees, and the elimination of discretionary spending. We continue to implement measures to successfully adapt for the long-term impact of COVID-19. During the third quarter of 2020, we secured additional capital to strengthen our liquidity position and amended our Second Amended and Restated Credit Agreement (the “2018 Credit Agreement”) to provide financial flexibility.
Investment Agreement	Investment Agreement On August 5, 2020, we entered into an investment agreement with funds managed by private equity firm Crestview Partners (the “Investment Agreement”) who made an initial investment of $135 million, offset in part by $9.2 million in fees, in newly issued perpetual convertible preferred stock that carries a 5.5% cumulative quarterly dividend, which is payable in cash or in-kind at Viad’s option (the “Convertible Preferred Stock”). The Convertible Preferred Stock is convertible into shares of our common stock at a conversion price of $21.25 per share. The Investment Agreement also includes a delayed draw commitment of up to $45 million in additional Convertible Preferred Stock, which we may access during the 12 months following the August 5, 2020 closing date on the same terms and conditions as the initial investment. The proceeds from Crestview’s initial investment were used to repay a portion of our 2018 Credit Facility, will provide additional short-term liquidity, will fund capital expenditures, and will support general corporate purposes. Pursuant to the Investment Agreement, two Crestview Partners’ designees joined our Board of Directors, increasing the size of our board from seven to nine directors.
Credit Agreement Amendment	Credit Agreement Amendment On August 5, 2020, we entered into an amendment to our 2018 Credit Agreement, which, among other things, (i) waives our financial covenants until September 30, 2022 (the “Covenant Waiver Period”) and (ii) requires us to maintain minimum liquidity of $125 million with a step down to $100 million at December 31, 2020. The interest rate on the borrowings is equal to the London Interbank Offered Rate (“LIBOR”) plus 350 basis points, with a LIBOR floor of one percent during the Covenant Waiver Period. The LIBOR floor continues until the end of the 2018 Credit Agreement. Viad pledged 100 % of the capital stock of its wholly-owned domestic subsidiaries and its top-tier foreign subsidiaries (other than Esja Attractions ehf.). Fees related to the amendment were approximately $ 1.7 million. Management anticipates that the initial cash proceeds from Crestview Partners, existing cash and cash equivalents, and the amendment to waive financial covenants within the 2018 Credit Agreement until September 30, 2022 will be sufficient to fund operations for at least the next 12 months.
Goodwill Impairment	Goodwill Impairment Due to the deteriorating macroeconomic environment, disruptions to our operations, and the sustained decline in our stock price caused by COVID-19, we determined an interim triggering event had occurred in the first and second quarters of 2020, which required us to assess the carrying values of goodwill and intangible assets in accordance with Accounting Standards Codification (“ASC”) No. 350, Intangibles – Goodwill and Other
Basis of Presentation	Basis of Presentation The accompanying unaudited condensed consolidated financial statements were prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and with the instructions to Form 10-Q and Article 10 of Regulation S-X for interim financial information. Accordingly, these financial statements do not include all of the information required by GAAP or SEC rules and regulations for complete financial statements. These financial statements reflect all adjustments (consisting of normal recurring adjustments) necessary for a fair presentation of the results for the interim periods presented. Interim results are not necessarily indicative of the results for the full year. These unaudited condensed consolidated financial statements should be read in conjunction with our Annual Report on Form 10-K for the year ended December 31, 2019, filed with the SEC on February 26, 2020 (“2019 Form 10-K”). Subsequent to the filing of the 2019 Form 10-K, we corrected the classification of debt as of December 31, 2019. Refer to Note 12 – Debt and Finance Lease Obligations 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.
Correction to Prior Period Financial Statements	Correction to Prior Period Financial Statements During the third quarter of 2020, we identified a prior period error related to the recognition of revenue of our GES’ Corporate Accounts’ third-party services. Revenue from these services should have been recorded on a net basis to reflect only the fees we receive from arranging these services. Previously, we recorded this revenue on a gross basis, thus overstating revenue and cost of services by the same amount. As a result, we corrected the accompanying Condensed Consolidated Statements of Operations for the three and nine months ended September 30, 2019 related to this gross-to-net adjustment. We determined that the error is not material to the previously issued financial statements. Note 2 – Revenue and Related Contract Costs and Contract Liabilities and Note 22 – Segment Information reflects this change. Three Months Ended September 30, 2019 Nine Months Ended September 30, 2019 (in thousands) Services Revenue Cost of Services Services Revenue Cost of Services As previously reported $ 300,446 $ 256,296 $ 898,746 $ 825,806 Gross to net correction for GES North America (6,859 ) (6,859 ) (32,081 ) (32,081 ) Gross to net correction for GES EMEA (1,886 ) (1,886 ) (8,594 ) (8,594 ) Total as corrected $ 291,701 $ 247,551 $ 858,071 $ 785,131
Impact of Recent Accounting Pronouncements	Impact of Recent Accounting Pronouncements The following table provides a brief description of recent accounting pronouncements: Standard Description Date of adoption Effect on the financial statements Standards Not Yet Adopted ASU 2019-12 , Income Taxes (Topic 740) Simplifying the Accounting for Income Taxes The amendment enhances and simplifies various aspects of the income tax accounting guidance, including requirements such as ownership changes in investments, and interim-period accounting for enacted changes in tax law. 1/1/2021 We are currently evaluating the potential impact of the adoption of this new guidance on our consolidated financial statements. We do not expect this new guidance to have a material impact on our consolidated financial statements. ASU 2020-06 , Debt - Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging - Contracts in Entity’s Own Equity (Subtopic 815-40) The amendment simplifies the accounting for convertible instruments by reducing the number of accounting models available for convertible debt instruments and convertible preferred stock. The amendment also requires expanded disclosures about the terms and features of convertible instruments. Early adoption is permitted, but no earlier than fiscal years beginning after December 15, 2020. 1/1/2022 We are currently evaluating the potential impact of the adoption of this new guidance on our consolidated financial statements and if there are applicable provisions that will simplify our accounting or reporting we will likely pursue early adoption. Standard Description Date of adoption Effect on the financial statements Standards Recently Adopted ASU 2016-13 , Financial Instruments – Credit Losses (Topic 326) - Measurement of Credit Losses on Financial Instruments The amendment eliminates the incurred credit loss impairment methodology and replaces it with an expected credit loss concept based on historical experience, current conditions, and reasonable and supportable forecasts. 1/1/2020 We adopted this new standard on a modified retrospective basis. The adoption of this new standard on January 1, 2020 did not have a material impact on our condensed consolidated financial statements. ASU 2020-04 , Reference Rate Reform (Topic 848) The amendment provides temporary optional guidance to ease the potential burden in accounting for reference rate reform. Topic 848 provides optional expedients and exceptions for applying U.S. GAAP to transactions affected by reference rate reform if certain criteria are met. 3/12/2020 Topic 848 was effective beginning on March 12, 2020, and we will apply the amendments prospectively through December 31, 2022. There was no impact to our condensed consolidated financial statements as a result of adopting this amendment.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reported period. Estimates and assumptions are used in accounting for, among other things: impairment testing of recorded goodwill and intangible assets and long-lived assets; allowances for uncollectible accounts receivable; sales reserve allowances; provisions for income taxes, including uncertain tax positions; valuation allowances related to deferred tax assets; liabilities for losses related to self-insured liability claims; liabilities for losses related to environmental remediation obligations; sublease income associated with restructuring liabilities; pension and postretirement benefit costs and obligations; share-based compensation costs; the discount rates used to value lease obligations; the redemption value of redeemable noncontrolling interests; and the allocation of purchase price of acquired businesses. Actual results could differ from these and other estimates.
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 service to a customer. GES’ service revenue is primarily derived through its comprehensive range of services to event organizers and corporate brand marketers including Core Services, Event Technology, and Audio-Visual . of the exhibition, conference, or corporate event, which generally lasts one to three days . GES’ product revenue is derived from the build of exhibits and environments and graphics. GES’ product revenue is recognized at a point in time upon delivery of the product. Pursuit’s service revenue is derived through its admissions, accommodations, transportation, and travel planning services. Pursuit’s product revenue is derived through food and beverage and retail sales. Pursuit’s revenue is recognized at the time services are performed or upon delivery of the product. Pursuit’s service revenue is recognized over time as the customer simultaneously receives and consumes the benefits. Pursuit’s product revenue is recognized at a point in time.
Noncontrolling Interests - Non-redeemable and Redeemable	Noncontrolling Interests – Non-redeemable and Redeemable Non-redeemable noncontrolling interest represents the portion of equity in a subsidiary that is not attributable, directly or indirectly, to us. Our non-redeemable noncontrolling interest relates to the 20% equity ownership interest that we do not own in Glacier Park, Inc., the 40% equity interest that we do not own in the Mountain Park Lodges, and the 49% equity interest that we do not own in the new entity that will operate the Pursuit Sky Lagoon attraction. We report non-redeemable noncontrolling interest within stockholders’ equity in the Condensed Consolidated Balance Sheets. The amount of consolidated net income or loss attributable to Viad and the non-redeemable noncontrolling interest is presented in the Condensed Consolidated Statements of Operations. We consider noncontrolling interests with redemption features that are not solely within our control to be redeemable noncontrolling interests. Our redeemable noncontrolling interest relates to our 54.5% equity ownership interest in Esja Attractions ehf. (“Esja”), which owns the FlyOver Iceland attraction. The Esja
Convertible Preferred Stock	Convertible Preferred Stock We record shares of convertible preferred stock at fair value on the date of issuance, net of issuance costs. 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 temporary equity and is reported between liabilities and stockholders’ equity on the Condensed Consolidated Balance Sheets.
Leases	Leases We recognize a right-of-use (“ROU”) asset and lease liability on the balance sheet and classify leases as either finance or operating leases. The classification of the lease determines whether we recognize the lease expense on an effective interest method basis (finance lease) or on a straight-line basis (operating lease) over the lease term. In determining whether an agreement contains a lease, we consider if we have a right to control the use of the underlying asset during the lease term in exchange for an obligation to make lease payments arising from the lease. We recognize ROU assets and lease liabilities at commencement date, which is when the underlying asset is available for use to a lessee, based on the present value of lease payments over the lease term. Our operating and finance leases are primarily facility, equipment, and land leases. Our facility leases comprise mainly manufacturing facilities, sales and design facilities, offices, storage and/or warehouses, and truck marshaling yards. These facility leases generally have lease terms ranging up to 23 years. Our equipment leases comprise mainly vehicles, hardware, and office equipment, each with various lease terms. Our land leases comprise mainly leases in Canada and Iceland on which our hotels or attractions are located and have lease terms ranging up to 47 years. If a lease contains a renewal option that is reasonably certain to be exercised, then the lease term includes the optional periods in measuring a ROU asset and lease liability. We evaluate the reasonably certain threshold at lease commencement, and it is typically met if we identify substantial economic incentives or termination penalties. We do not include variable leases and variable non-lease components in the calculation of the ROU asset and corresponding lease liability. For facility leases, variable lease costs include the costs of common area maintenance, taxes, and insurance for which we pay our lessors an estimate that we adjust to actual expense on a quarterly or annual basis depending on the underlying contract terms. We expense these variable lease payments as incurred. Our lease agreements do not contain any significant residual value guarantees or restrictive covenants. Substantially all of our lease agreements do not specify an implicit borrowing rate, and as such, we utilize an incremental borrowing rate based on lease term and country, in order to calculate the present value of our future lease payments. The discount rate represents a risk-adjusted rate on a collateralized basis and is the expected rate at which we would borrow funds to satisfy the scheduled lease liability payment streams commensurate with the lease term and the country. We are also a lessor to third party tenants who either lease certain portions of facilities that we own or sublease certain portions of facilities that we lease. We record l ease income from owned facilities as rental income and we record sublease income from leased facilities against lease expense in the Condensed Consolidated Statements of Operations. We classify a ll of our leases for which we are the lessor as operating leases.
Fair Value of Financial Instruments	The fair value of an asset or liability is defined as the price that would be received by selling an asset or paying to transfer a liability in an orderly transaction between market participants at the measurement date. The fair value guidance requires an entity to maximize the use of quoted prices and other observable inputs and minimize the use of unobservable inputs when measuring fair value, and also establishes a fair value hierarchy, which prioritizes the inputs to valuation techniques used to measure fair value as follows: Level 1 - Quoted prices in active markets for identical assets or liabilities. Level 2 - Observable inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. Level 3 - Unobservable inputs to the valuation methodology that are significant to the measurement of fair value.

Overview and Basis of Present_3

Overview and Basis of Presentation (Tables)	9 Months Ended
	Sep. 30, 2020
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Schedule of Corrections to Prior Period Adjustments	Three Months Ended September 30, 2019 Nine Months Ended September 30, 2019 (in thousands) Services Revenue Cost of Services Services Revenue Cost of Services As previously reported $ 300,446 $ 256,296 $ 898,746 $ 825,806 Gross to net correction for GES North America (6,859 ) (6,859 ) (32,081 ) (32,081 ) Gross to net correction for GES EMEA (1,886 ) (1,886 ) (8,594 ) (8,594 ) Total as corrected $ 291,701 $ 247,551 $ 858,071 $ 785,131

Revenue and Related Contract _2

Revenue and Related Contract Costs and Contract Liabilities (Tables)	9 Months Ended
	Sep. 30, 2020
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, 2019 $ 50,796 Cash additions 130,018 Revenue recognized (162,954 ) Foreign exchange translation adjustment (84 ) Balance at September 30, 2020 $ 17,776
Summary of Changes in Contract Costs	Changes to contract costs are as follows: (in thousands) Balance at December 31, 2019 $ 28,496 Additions 16,710 Expenses (22,774 ) Cancelled (9,840 ) Foreign exchange translation adjustment (479 ) Balance at September 30, 2020 $ 12,113
Disaggregate GES and Pursuit Revenue by Major Product Line Timing of Revenue Recognition and Markets Served	The following tables disaggregate GES and Pursuit revenue by major product line, timing of revenue recognition, and markets served: GES Three Months Ended September 30, 2020 (in thousands) GES North America GES EMEA Intersegment Eliminations Total Services: Core services $ 7,987 $ 2,003 $ — $ 9,990 Audio-visual 933 (40 ) — 893 Event technology 1,283 414 — 1,697 Intersegment eliminations — — (284 ) (284 ) Total services 10,203 2,377 (284 ) 12,296 Products: Core products 1,564 397 — 1,961 Total revenue $ 11,767 $ 2,774 $ (284 ) $ 14,257 Timing of revenue recognition: Services transferred over time $ 10,203 $ 2,377 $ (284 ) $ 12,296 Products transferred over time (1) 232 15 — 247 Products transferred at a point in time 1,332 382 — 1,714 Total revenue $ 11,767 $ 2,774 $ (284 ) $ 14,257 Markets: Exhibitions $ 4,890 $ 2,323 $ — $ 7,213 Conferences 1,099 367 — 1,466 Corporate events 4,537 67 — 4,604 Consumer events 1,241 17 — 1,258 Intersegment eliminations — — (284 ) (284 ) Total revenue $ 11,767 $ 2,774 $ (284 ) $ 14,257 ( 1 ) GES’ graphics product revenue is earned over time over the duration of the event as it is considered a part of the single performance obligation satisfied over time. Nine Months Ended September 30, 2020 (in thousands) GES North America GES EMEA Intersegment Eliminations Total Services: Core services $ 225,414 $ 33,350 $ — $ 258,764 Audio-visual 18,661 3,549 — 22,210 Event technology 7,946 4,126 — 12,072 Intersegment eliminations — — (3,258 ) (3,258 ) Total services 252,021 41,025 (3,258 ) 289,788 Products: Core products 21,402 11,071 — 32,473 Total revenue $ 273,423 $ 52,096 $ (3,258 ) $ 322,261 Timing of revenue recognition: Services transferred over time $ 252,021 $ 41,025 $ (3,258 ) $ 289,788 Products transferred over time (1) 11,035 2,407 — 13,442 Products transferred at a point in time 10,367 8,664 — 19,031 Total revenue $ 273,423 $ 52,096 $ (3,258 ) $ 322,261 Markets: Exhibitions $ 203,671 $ 39,001 $ — $ 242,672 Conferences 39,626 7,618 — 47,244 Corporate events 24,012 5,308 — 29,320 Consumer events 6,114 169 — 6,283 Intersegment eliminations — — (3,258 ) (3,258 ) Total revenue $ 273,423 $ 52,096 $ (3,258 ) $ 322,261 ( 1 ) GES’ graphics product revenue is earned over time over the duration of the event as it is considered a part of the single performance obligation satisfied over time. Three Months Ended September 30, 2019 (in thousands) GES North America GES EMEA Intersegment Eliminations Total Services: Core services $ 148,722 $ 20,539 $ — $ 169,261 Audio-visual 18,742 4,402 — 23,144 Event technology 4,760 1,414 — 6,174 Intersegment eliminations — — (5,724 ) (5,724 ) Total services 172,224 26,355 (5,724 ) 192,855 Products: Core products 12,900 12,945 — 25,845 Total revenue $ 185,124 $ 39,300 $ (5,724 ) $ 218,700 Timing of revenue recognition: Services transferred over time $ 172,224 $ 26,355 $ (5,724 ) $ 192,855 Products transferred over time (1) 10,558 2,305 — 12,863 Products transferred at a point in time 2,342 10,640 — 12,982 Total revenue $ 185,124 $ 39,300 $ (5,724 ) $ 218,700 Markets: Exhibitions $ 79,589 $ 29,140 $ — $ 108,729 Conferences 60,537 4,938 — 65,475 Corporate events 39,370 5,020 — 44,390 Consumer events 5,628 202 — 5,830 Intersegment eliminations — — (5,724 ) (5,724 ) Total revenue $ 185,124 $ 39,300 $ (5,724 ) $ 218,700 (1) Nine Months Ended September 30, 2019 (in thousands) GES North America GES EMEA Intersegment Eliminations Total Services: Core services $ 531,485 $ 86,715 $ — $ 618,200 Audio-visual 61,323 15,171 — 76,494 Event technology 23,368 6,501 — 29,869 Intersegment eliminations — — (14,731 ) (14,731 ) Total services 616,176 108,387 (14,731 ) 709,832 Products: Core products 50,649 48,086 — 98,735 Total revenue $ 666,825 $ 156,473 $ (14,731 ) $ 808,567 Timing of revenue recognition: Services transferred over time $ 616,176 $ 108,387 $ (14,731 ) $ 709,832 Products transferred over time (1) 33,601 10,595 — 44,196 Products transferred at a point in time 17,048 37,491 — 54,539 Total revenue $ 666,825 $ 156,473 $ (14,731 ) $ 808,567 Markets: Exhibitions $ 349,106 $ 119,189 $ — $ 468,295 Conferences 195,635 17,170 — 212,805 Corporate events 102,525 19,165 — 121,690 Consumer events 19,559 949 — 20,508 Intersegment eliminations — — (14,731 ) (14,731 ) Total revenue $ 666,825 $ 156,473 $ (14,731 ) $ 808,567 (1) Pursuit Three Months Ended Nine Months Ended September 30, September 30, (in thousands) 2020 2019 2020 2019 Services: Admissions $ 12,229 $ 49,353 $ 17,865 $ 76,034 Accommodations 18,021 41,292 23,994 56,636 Transportation 445 6,868 2,513 12,817 Travel planning 855 2,004 1,484 4,107 Intersegment eliminations (144 ) (671 ) (261 ) (1,355 ) Total services revenue 31,406 98,846 45,595 148,239 Products: Food and beverage 6,783 19,333 9,047 28,903 Retail operations 10,626 16,864 12,960 23,977 Total products revenue 17,409 36,197 22,007 52,880 Total revenue $ 48,815 $ 135,043 $ 67,602 $ 201,119 Timing of revenue recognition: Services transferred over time $ 31,406 $ 98,846 $ 45,595 $ 148,239 Products transferred at a point in time 17,409 36,197 22,007 52,880 Total revenue $ 48,815 $ 135,043 $ 67,602 $ 201,119 Markets: Banff Jasper Collection $ 26,395 $ 75,337 $ 39,234 $ 116,433 Alaska Collection 5,436 26,909 6,167 39,287 Glacier Park Collection 14,929 28,098 16,813 36,296 FlyOver 2,055 4,699 5,388 9,103 Total revenue $ 48,815 $ 135,043 $ 67,602 $ 201,119

Share-Based Compensation (Table

Share-Based Compensation (Tables)	9 Months Ended
	Sep. 30, 2020
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Summary of Share-Based Compensation (income) expense	The following table summarizes share-based compensation (income) expense: Three Months Ended Nine Months Ended September 30, September 30, (in thousands) 2020 2019 2020 2019 Performance unit incentive plan (“PUP”) $ 149 $ 1,033 $ (2,596 ) $ 4,013 Restricted stock awards and restricted stock units 1,698 798 3,155 2,435 Stock options 90 — 90 — Share-based compensation expense before income tax 1,937 1,831 649 6,448 Income tax benefit (1) — (460 ) — (1,625 ) Share-based compensation expense, net of income tax $ 1,937 $ 1,371 $ 649 $ 4,823 (1)
Summary of Activity of the Outstanding PUP Awards	The following table summarizes the activity of the outstanding PUP awards: Equity-Based PUP Awards Liability-Based PUP Awards Shares Weighted-Average Grant Date Fair Value Shares Weighted-Average Grant Date Fair Value Balance at December 31, 2019 59,714 $ 52.10 155,190 $ 52.53 Granted 32,367 $ 56.23 52,531 $ 56.10 Vested — $ — (67,866 ) $ 47.43 Forfeited — $ — (18,370 ) $ 56.40 Balance at September 30, 2020 92,081 $ 55.49 121,485 $ 55.08
Summary of Stock Option Activity	The following table summarizes stock option activity: Shares Weighted-Average Exercise Price Aggregate Intrinsic Value (1) Options outstanding and exercisable at December 31, 2019 41,143 $ 16.62 Granted 204,150 $ 19.98 Exercised (41,143 ) $ 16.62 Options outstanding at September 30, 2020 204,150 $ 19.98 $ 229,500 Options exercisable at September 30, 2020 — $ — $ —
Summary of Options Outstanding and Exercisable	The following table summarizes stock options outstanding and exercisable as of September 30, 2020: Options Outstanding Options Exercisable Range of exercise prices Shares Weighted-Average Remaining Contractual Life (in years) Weighted-Average Exercise Price Shares Weighted-Average Exercise Price $ 19.30 150,000 8.25 $ 19.30 — $ — $ 21.85 54,150 6.91 $ 21.85 — $ — $19.30 - $21.85 204,150 7.89 $ 19.98 — $ —
Assumptions Used in the Black-Scholes Option Pricing Model to Estimate the Fair Value of Each Stock Option Grant	The fair value of stock options granted in 2020 was estimated on the date of grant using the Black-Scholes option pricing model. Following is additional information on stock options and the underlying assumptions used in assessing fair value: Nine Months Ended September 30, 2020 Assumptions used to estimate fair value of stock options granted: Risk-free interest rate 0.27% - 0.31% Expected life 4.3 - 5.4 years Expected volatility 46.9% - 52.2% Expected dividend yield — Weighted average grant-date fair value per share of options granted $ 8.38 Cash received from exercise of options (in thousands) $ 2,077

Acquisitions (Tables)

Acquisitions (Tables)	9 Months Ended
	Sep. 30, 2020
Business Combinations [Abstract]
Schedule of Proforma Results of Operations	The following table summarizes the unaudited pro forma results of operations attributable to Viad, assuming the completion of the Mountain Park Lodges acquisition was on January 1, 2019. We do not consider the Sky Lagoon attraction or the Belton Chalet significant acquisitions and accordingly, they are not included in the following pro forma results of operations: Three Months Ended Nine Months Ended (in thousands, except per share data) September 30, 2019 September 30, 2019 Revenue $ 362,488 $ 1,058,622 Depreciation and amortization $ 16,347 $ 46,695 Income from continuing operations $ 34,607 $ 28,709 Net income attributable to Viad $ 31,416 $ 26,765 Diluted income per share $ 1.53 $ 1.29 Basic income per share $ 1.53 $ 1.29

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Sep. 30, 2020
Inventory Disclosure [Abstract]
Components of Inventories	The components of inventories consisted of the following: September 30, December 31, (in thousands) 2020 2019 Raw materials $ 10,796 $ 11,788 Finished goods 5,500 5,481 Inventories $ 16,296 $ 17,269

Other Current Assets (Tables)

Other Current Assets (Tables)	9 Months Ended
	Sep. 30, 2020
Deferred Costs Capitalized Prepaid And Other Assets Disclosure [Abstract]
Schedule of Other Current Assets	Other current assets consisted of the following: September 30, December 31, (in thousands) 2020 2019 Prepaid software maintenance $ 4,045 $ 3,875 Prepaid insurance 2,565 5,573 Prepaid vendor payments 2,106 4,698 Prepaid taxes 1,087 917 Income tax receivable 162 13,250 Prepaid other 2,097 1,904 Other 4,134 637 Other current assets $ 16,196 $ 30,854

Property and Equipment (Tables)

Property and Equipment (Tables)	9 Months Ended
	Sep. 30, 2020
Property Plant And Equipment [Abstract]
Schedule of Property and Equipment	Property and equipment consisted of the following: September 30, December 31, (in thousands) 2020 2019 Land and land interests $ 32,481 $ 34,532 Buildings and leasehold improvements 374,549 377,754 Equipment and other 400,085 417,239 Gross property and equipment 807,115 829,525 Accumulated depreciation (352,456 ) (353,974 ) Property and equipment, net (excluding finance leases) 454,659 475,551 Finance lease right-of-use assets, net 22,786 25,350 Property and equipment, net $ 477,445 $ 500,901

Other Investments and Assets (T

Other Investments and Assets (Tables)	9 Months Ended
	Sep. 30, 2020
Investments All Other Investments [Abstract]
Summary of Other Investments and Assets	Other investments and assets consisted of the following: September 30, December 31, (in thousands) 2020 2019 Self-insured liability receivable $ 9,982 $ 9,982 Contract costs 4,464 3,961 Other mutual funds 3,136 3,107 Cash surrender value of life insurance — 24,873 Other 2,355 3,196 Other investments and assets $ 19,937 $ 45,119

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	9 Months Ended
	Sep. 30, 2020
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) GES North America GES EMEA Pursuit Total Balance at December 31, 2019 $ 155,276 $ 30,829 $ 101,878 $ 287,983 Goodwill impairment (155,276 ) (29,042 ) (1,757 ) (186,075 ) Foreign currency translation adjustments — (1,787 ) (3,190 ) (4,977 ) Balance at September 30, 2020 $ — $ — $ 96,931 $ 96,931
Summary of Other Intangible Assets	Other intangible assets consisted of the following: September 30, 2020 December 31, 2019 (in thousands) Useful Life (Years) Gross Carrying Value Accumulated Amortization Net Carrying Value Gross Carrying Value Accumulated Amortization Net Carrying Value Intangible assets subject to amortization: Customer contracts and relationships 6.4 $ 40,006 $ (27,381 ) $ 12,625 $ 72,219 $ (40,866 ) $ 31,353 Operating contracts and licenses 36.8 39,156 (2,258 ) 36,898 43,329 (1,881 ) 41,448 In-place lease 13.8 14,670 (532 ) 14,138 15,044 (231 ) 14,813 Tradenames 5.5 5,687 (2,155 ) 3,532 9,423 (4,338 ) 5,085 Non-compete agreements 1.3 736 (552 ) 184 2,077 (1,775 ) 302 Other 7.4 783 (90 ) 693 802 (66 ) 736 Total amortized intangible assets 101,038 (32,968 ) 68,070 142,894 (49,157 ) 93,737 Indefinite-lived intangible assets: Business licenses 568 — 568 571 — 571 Other intangible assets $ 101,606 $ (32,968 ) $ 68,638 $ 143,465 $ (49,157 ) $ 94,308
Estimated Future Amortization Expense Related to Intangible Assets Subject to Amortization	At September 30, 2020, the estimated future amortization expense related to intangible assets subject to amortization is as follows: (in thousands) Year ending December 31, Remainder of 2020 $ 1,278 2021 5,089 2022 4,968 2023 4,322 2024 3,383 Thereafter 49,030 Total $ 68,070

Other Current Liabilities (Tabl

Other Current Liabilities (Tables)	9 Months Ended
	Sep. 30, 2020
Other Liabilities Current [Abstract]
Other Current Liabilities	Other current liabilities consisted of the following: September 30, December 31, (in thousands) 2020 2019 Continuing operations: Self-insured liability $ 6,227 $ 5,668 Accrued restructuring 4,574 2,130 Accrued sales and use taxes 2,914 5,451 Commissions payable 2,541 8,274 Accrued employee benefit costs 2,108 3,564 Current portion of pension and postretirement liabilities 1,722 1,899 Accrued professional fees 1,137 1,248 Accrued legal settlement — 2,500 Accrued dividends — 2,019 Other taxes 1,655 278 Accommodation services deposits 506 959 Other 6,204 5,187 Total continuing operations 29,588 39,177 Discontinued operations: Self-insured liability 422 260 Environmental remediation liabilities 60 311 Other 57 76 Total discontinued operations 539 647 Total other current liabilities $ 30,127 $ 39,824

Other Deferred Items and Liab_2

Other Deferred Items and Liabilities (Tables)	9 Months Ended
	Sep. 30, 2020
Other Liabilities Disclosure [Abstract]
Summary of Other Deferred Items and Liabilities	Other deferred items and liabilities consisted of the following: September 30, December 31, (in thousands) 2020 2019 Continuing operations: Foreign deferred tax liability $ 25,127 $ 32,570 Multi-employer pension plan withdrawal liability 15,970 15,693 Self-insured excess liability 9,982 9,982 Self-insured liability 8,046 8,682 Accrued compensation 4,806 7,485 Accrued restructuring 2,447 2,383 Contract liabilities 623 125 Other 3,487 2,423 Total continuing operations 70,488 79,343 Discontinued operations: Environmental remediation liabilities 2,186 1,964 Self-insured liability 1,824 2,018 Other 676 382 Total discontinued operations 4,686 4,364 Total other deferred items and liabilities $ 75,174 $ 83,707

Debt and Finance Lease Obliga_2

Debt and Finance Lease Obligations (Tables)	9 Months Ended
	Sep. 30, 2020
Debt Disclosure [Abstract]
Schedule of Long-term Debt and Finance Lease Obligations	The components of long-term debt and finance lease obligations consisted of the following: September 30, December 31, (in thousands, except interest rates) 2020 2019 2018 Credit Facility, 4.6% weighted-average interest rate at September 30, 2020 and 3.9% at December 31, 2019, due through 2023 (1) $ 230,543 $ 311,464 FlyOver Iceland Credit Facility, 4.9% weighted-average interest rate at September 30, 2020 and December 31, 2019, due through 2022 (1) 5,584 5,607 Less unamortized debt issuance costs (2,953 ) (1,836 ) Total debt (2) 233,174 315,235 Finance lease obligations, 7.9% weighted-average interest rate at September 30, 2020 and 7.7% at December 31, 2019, due through 2039 23,018 25,257 Total debt and finance lease obligations (3) 256,192 340,492 Current portion (4) (4,040 ) (5,330 ) Long-term debt and finance lease obligations $ 252,152 $ 335,162 (1) Represents the weighted-average interest rate in effect at the respective periods, including any applicable margin. The interest rates do not include amortization of debt issuance costs or commitment fees. (2) The estimated fair value of total debt and finance leases was $222.0 million as of September 30, 2020 and $339.4 million as of December 31, 2019. The fair value of debt was estimated by discounting the future cash flows using rates currently available for debt of similar terms and maturity, which is a Level 2 measurement. Refer to Note 13 – Fair Value Measurements. ( 3) Cash paid for interest on debt was $12.1 million for the nine months ended September 30, 2020 and $8.8 million for the nine months ended September 30, 2019. (4) Subsequent to the filing of our 2019 Form 10-K, we identified a correction related to the classification of the 2018 Credit Facility (as defined below) from current to long-term given that the 2018 Credit Facility’s contractual maturity was not within 12 months

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2020
Fair Value Disclosures [Abstract]
Summary of Fair Value Assets Measured on Recurring Basis	The fair value information related to these assets is summarized in the following tables: Fair Value Measurements at Reporting Date Using (in thousands) September 30, 2020 Quoted Prices in Active Markets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets: Money market funds (1) $ 2 $ 2 $ — $ — Other mutual funds (2) 3,136 3,136 — — Total assets at fair value on a recurring basis $ 3,138 $ 3,138 $ — $ — Fair Value Measurements at Reporting Date Using (in thousands) December 31, 2019 Quoted Prices in Active Markets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets: Money market funds (1) $ 123 $ 123 $ — $ — Other mutual funds (2) 3,107 3,107 — — Total assets at fair value on a recurring basis $ 3,230 $ 3,230 $ — $ — (1) (2) We include other mutual funds in “Other investments and assets” in the Condensed Consolidated Balance Sheets.

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Loss) (Tables)	9 Months Ended
	Sep. 30, 2020
Equity [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss)	Changes in accumulated other comprehensive income (“AOCI”) by component are as follows: (in thousands) Cumulative Foreign Currency Translation Adjustments Unrecognized Net Actuarial Loss and Prior Service Credit, Net Accumulated Other Comprehensive Income (Loss) Balance at December 31, 2019 $ (23,799 ) $ (11,900 ) $ (35,699 ) Other comprehensive loss before reclassifications (7,342 ) — (7,342 ) Amounts reclassified from AOCI, net of tax — 354 354 Net other comprehensive income (loss) (7,342 ) 354 (6,988 ) Balance at September 30, 2020 $ (31,141 ) $ (11,546 ) $ (42,687 ) (in thousands) Cumulative Foreign Currency Translation Adjustments Unrecognized Net Actuarial Loss and Prior Service Credit, Net Accumulated Other Comprehensive Income (Loss) Balance at December 31, 2018 $ (36,332 ) $ (11,643 ) $ (47,975 ) Other comprehensive income before reclassifications 3,868 — 3,868 Amounts reclassified from AOCI, net of tax — 196 196 Net other comprehensive income 3,868 196 4,064 Balance at September 30, 2019 $ (32,464 ) $ (11,447 ) $ (43,911 )

Income (Loss) Per Share (Tables

Income (Loss) Per Share (Tables)	9 Months Ended
	Sep. 30, 2020
Earnings Per Share [Abstract]
Reconciliation of Basic and Diluted Income Per Share	The components of basic and diluted income per share are as follows: Three Months Ended Nine Months Ended September 30, September 30, (in thousands, except per share data) 2020 2019 2020 2019 Net income (loss) attributable to Viad (diluted) $ (30,758 ) $ 31,416 $ (323,621 ) $ 27,463 Less: Allocation to non-vested shares — (226 ) — (196 ) Convertible preferred stock dividends (1,134 ) — (1,134 ) — Adjustment to the redemption value of redeemable noncontrolling interest (468 ) (264 ) (926 ) (530 ) Net income (loss) allocated to Viad common stockholders (basic) $ (32,360 ) $ 30,926 $ (325,681 ) $ 26,737 Basic weighted-average outstanding common shares 20,293 20,168 20,263 20,129 Additional dilutive shares related to share-based compensation — 143 — 138 Diluted weighted-average outstanding shares 20,293 20,311 20,263 20,267 Income (loss) per share: Basic income (loss) attributable to Viad common stockholders $ (1.59 ) $ 1.53 $ (16.07 ) $ 1.33 Diluted income (loss) attributable to Viad common stockholders (1) $ (1.59 ) $ 1.53 $ (16.07 ) $ 1.33 (1)

Pension and Postretirement Be_2

Pension and Postretirement Benefits (Tables)	9 Months Ended
	Sep. 30, 2020
Compensation And Retirement Disclosure [Abstract]
Components of Net Periodic Benefit Cost of Pension and Postretirement Benefit Plans	The components of net periodic benefit cost of our pension and postretirement benefit plans for the three months ended September 30, 2020 and 2019 consist of the following: Domestic Plans Pension Plans Postretirement Benefit Plans Foreign Pension Plans (in thousands) 2020 2019 2020 2019 2020 2019 Service cost $ — $ 15 $ 7 $ 13 $ 112 $ 101 Interest cost 162 209 64 93 87 92 Expected return on plan assets (74 ) (35 ) — — (134 ) (122 ) Amortization of prior service credit — — (36 ) (47 ) — — Recognized net actuarial loss 130 96 (26 ) (43 ) 48 37 Net periodic benefit cost $ 218 $ 285 $ 9 $ 16 $ 113 $ 108 The components of net periodic benefit cost of our pension and postretirement benefit plans for the nine months ended September 30, 2020 and 2019 consist of the following: Domestic Plans Pension Plans Postretirement Benefit Plans Foreign Pension Plans (in thousands) 2020 2019 2020 2019 2020 2019 Service cost $ — $ 46 $ 38 $ 48 $ 330 $ 303 Interest cost 490 646 222 343 254 281 Expected return on plan assets (109 ) (74 ) — — (394 ) (364 ) Amortization of prior service credit — — (109 ) (141 ) — — Recognized net actuarial loss 395 302 13 84 138 111 Net periodic benefit cost $ 776 $ 920 $ 164 $ 334 $ 328 $ 331

Restructuring Charges (Tables)

Restructuring Charges (Tables)	9 Months Ended
	Sep. 30, 2020
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 & Employee Benefits Facilities Severance & Employee Benefits Total Balance at December 31, 2019 $ 2,935 $ 1,339 $ 239 $ 4,513 Restructuring charges 5,332 6,039 999 12,370 Cash payments (3,261 ) (197 ) (569 ) (4,027 ) Non-cash items (1) — (5,152 ) — (5,152 ) Adjustment to liability (54 ) (17 ) (612 ) (683 ) Balance at September 30, 2020 $ 4,952 $ 2,012 $ 57 $ 7,021 (1) Represents the FX impact related to the closure and liquidation of GES’ United Kingdom-based audio-visual services business during the three months ended September 30, 2020.

Leases and Other (Tables)

Leases and Other (Tables)	9 Months Ended
	Sep. 30, 2020
Leases [Abstract]
Summary of Balance Sheet Presentation of Operating and Finance Leases	The balance sheet presentation of our operating and finance leases is as follows: September 30, December 31, (in thousands) Classification on the Condensed Consolidated Balance Sheet 2020 2019 Assets: Operating lease assets Operating lease right-of-use assets $ 88,394 $ 103,314 Finance lease assets Property and equipment, net 22,786 25,350 Total lease assets $ 111,180 $ 128,664 Liabilities: Current: Operating lease obligations Operating lease obligations $ 17,872 $ 22,180 Finance lease obligations Current portion of debt and finance lease obligations 2,895 3,386 Noncurrent: Operating lease obligations Long-term operating lease obligations 73,688 82,851 Finance lease obligations Long-term debt and finance lease obligations 20,123 21,871 Total lease liabilities $ 114,578 $ 130,288
Components of Lease Expense	The components of lease expense consisted of the following: Three Months Ended Nine Months Ended September 30, September 30, (in thousands) 2020 2019 2020 2019 Finance lease cost: Amortization of right-of-use assets $ 926 $ 697 $ 2,767 $ 1,895 Interest on lease liabilities 429 130 1,258 379 Operating lease cost 6,596 6,625 20,235 19,456 Short-term lease cost 123 571 465 1,348 Variable lease cost 1,557 1,478 4,615 4,695 Sublease income (1) — 226 — — Total lease cost, net $ 9,631 $ 9,727 $ 29,340 $ 27,773 (1)
Schedule of Other Information Related to Operating and Finance Leases	Other information related to operating and finance leases are as follows: Three Months Ended Nine Months Ended September 30, September 30, (in thousands) 2020 2019 2020 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 5,644 $ 7,250 $ 18,268 $ 20,853 Operating cash flows from finance leases $ 839 $ 210 $ 1,705 $ 459 Financing cash flows from finance leases $ 665 $ 525 $ 2,235 $ 1,537 Right-of-use assets obtained in exchange for lease obligations: Operating leases $ (3,059 ) $ 49,123 $ 1,018 $ 62,375 Finance leases $ 126 $ 14,893 $ 1,894 $ 35,844 September 30, December 31, 2020 2019 Weighted-average remaining lease term (years): Operating leases 8.30 8.17 Finance leases 13.58 14.01 Weighted-average discount rate: Operating leases 5.89 % 5.77 % Finance leases 7.91 % 7.73 %
Schedule of Estimated Future Minimum Lease Payments Under Non-cancellable Leases Excluding Variable Leases and Variable Non-lease Components	As of September 30, 2020, 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 2020 $ 6,188 $ 1,458 $ 7,646 2021 20,043 4,284 24,327 2022 15,844 3,796 19,640 2023 13,407 3,276 16,683 2024 10,265 2,609 12,874 Thereafter 54,410 23,556 77,966 Total future lease payments 120,157 38,979 159,136 Less: Amount representing interest (28,597 ) (15,961 ) (44,558 ) Present value of minimum lease payments 91,560 23,018 114,578 Current portion 17,872 2,895 20,767 Long-term portion $ 73,688 $ 20,123 $ 93,811
Schedule of Estimated Future Minimum Rentals Under Non-cancellable Leases	As of September 30, 2020, the estimated future minimum rentals under non-cancellable leases, which includes rental income from facilities that we own, are as follows: (in thousands) Remainder of 2020 $ 431 2021 1,499 2022 1,046 2023 830 2024 612 Thereafter 1,765 Total minimum rents $ 6,183

Redeemable Noncontrolling Int_2

Redeemable Noncontrolling Interest (Tables)	9 Months Ended
	Sep. 30, 2020
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, 2019 $ 6,172 Net loss attributable to redeemable noncontrolling interest (1,023 ) Adjustment to the redemption value 926 Foreign currency translation adjustment (804 ) Balance at September 30, 2020 $ 5,271

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Sep. 30, 2020
Segment Reporting [Abstract]
Reconciliation of income statement items from reportable segments	Our reportable segments, with reconciliations to consolidated totals, are as follows: Three Months Ended Nine Months Ended September 30, September 30, (in thousands) 2020 2019 2020 2019 Revenue: GES: GES North America $ 11,767 $ 185,124 $ 273,423 $ 666,825 GES EMEA 2,774 39,300 52,096 156,473 Intersegment eliminations (284 ) (5,724 ) (3,258 ) (14,731 ) Total GES 14,257 218,700 322,261 808,567 Pursuit 48,815 135,043 67,602 201,119 Total revenue $ 63,072 $ 353,743 $ 389,863 $ 1,009,686 Segment operating income (loss): GES: GES North America $ (10,986 ) $ (8,562 ) $ (28,194 ) $ 22,635 GES EMEA (7,262 ) (3,024 ) (11,256 ) 2,775 Total GES (18,248 ) (11,586 ) (39,450 ) 25,410 Pursuit 11,467 66,392 (26,499 ) 64,710 Segment operating income (loss) (6,781 ) 54,806 (65,949 ) 90,120 Corporate eliminations (1) 16 16 48 49 Corporate activities (2,645 ) (2,680 ) (5,902 ) (7,795 ) Operating income (loss) (9,410 ) 52,142 (71,803 ) 82,374 Interest income 58 79 313 260 Interest expense (5,508 ) (3,740 ) (14,712 ) (9,612 ) Multi-employer pension plan withdrawal — — (462 ) (15,508 ) Other expense (210 ) (281 ) (894 ) (1,192 ) Restructuring recoveries (charges): GES North America (2,310 ) (881 ) (2,277 ) (5,139 ) GES EMEA (8,376 ) (759 ) (9,094 ) (1,501 ) Pursuit 12 — (45 ) — Corporate (585 ) (62 ) (954 ) (205 ) Impairment charges: GES North America — — (171,094 ) — GES EMEA (676 ) — (30,225 ) — Pursuit — — (1,757 ) — Legal settlement: GES — — — (8,500 ) Income (loss) from continuing operations before income taxes $ (27,005 ) $ 46,498 $ (303,004 ) $ 40,977 (1)

Overview and Basis of Present_4

Overview and Basis of Presentation - Narrative (Details) $ / shares in Units, $ in Thousands	Aug. 05, 2020USD ($)$ / shares	Jun. 30, 2020USD ($)	Jun. 30, 2020USD ($)	Sep. 30, 2020USD ($)Segment	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)
Overview And Summary Of Significant Accounting Policies [Line Items]
Number of reportable segments | Segment				3
Initial Investment	$ 135,000
Fees	$ 9,200
Cash Dividends Payable Percentage	5.50%
Frequency of periodic payment of cumulative dividend	quarterly
Conversion price per share | $ / shares	$ 21.25
Preferred stock redemption term	additional Convertible Preferred Stock, which we may access during the 12 months
Minimum liquidity requirement	$ 125,000
Fees related to the amendment	$ 1,700
Pledge percentage of capital stock	100.00%
Non-cash goodwill impairment charge				$ 186,075
Goodwill				$ 96,931		$ 287,983
Percentage of non equity ownership related redeemable noncontrolling interests				54.50%
Glacier Park Inc
Overview And Summary Of Significant Accounting Policies [Line Items]
Percentage of non-equity ownership related to non-redeemable noncontrolling interests				20.00%
Mountain Park Lodges
Overview And Summary Of Significant Accounting Policies [Line Items]
Percentage of non-equity ownership related to non-redeemable noncontrolling interests				40.00%
Geothermal Lagoon Attraction
Overview And Summary Of Significant Accounting Policies [Line Items]
Percentage of non-equity ownership related to non-redeemable noncontrolling interests				49.00%
GES
Overview And Summary Of Significant Accounting Policies [Line Items]
Non-cash goodwill impairment charge		$ 113,100	$ 186,100
Goodwill				$ 96,900
Pursuit
Overview And Summary Of Significant Accounting Policies [Line Items]
Non-cash goodwill impairment charge				1,757
Goodwill				$ 96,931		$ 101,878
Scenario Forecast
Overview And Summary Of Significant Accounting Policies [Line Items]
Minimum liquidity requirement					$ 100,000
LIBOR rate [Member]
Overview And Summary Of Significant Accounting Policies [Line Items]
Variable rate	3.50%
Maximum
Overview And Summary Of Significant Accounting Policies [Line Items]
Proceeds from issuance of additional preferred stock	$ 45,000
Lease expiration period				23 years
Maximum | Land
Overview And Summary Of Significant Accounting Policies [Line Items]
Lease expiration period				47 years

Overview and Basis of Present_5

Overview and Basis of Presentation - Schedule of Corrections to Prior Period Adjustments (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Total revenue	$ 63,072	$ 353,743	$ 389,863	$ 1,009,686
Services
Total revenue	43,702	291,701	335,383	858,071
Costs and expenses	51,730	247,551	395,432	785,131
GES
Total revenue	$ 14,257	218,700	$ 322,261	808,567
Previously Reported | Services
Total revenue		300,446		898,746
Costs and expenses		256,296		825,806
Revision Of Prior Period Error Correction Adjustment | GES | Services | North America
Total revenue		(6,859)		(32,081)
Costs and expenses		(6,859)		(32,081)
Revision Of Prior Period Error Correction Adjustment | GES | Services | EMEA
Total revenue		(1,886)		(8,594)
Costs and expenses		$ (1,886)		$ (8,594)

Revenue and Related Contract _3

Revenue and Related Contract Costs and Contract Liabilities - Narrative (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
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 cost of services or cost of products, as applicable
Capitalized contract costs to obtain contracts	$ 1,200,000		$ 1,200,000
Capitalized contract costs to fulfill contracts	10,900,000		10,900,000
Impairment loss on capitalized contract costs	$ 0	$ 0	$ 0	$ 0
GES
Disaggregation Of Revenue [Line Items]
Performance obligation description of payment terms			Payment terms are generally within 30-60 days and contain no significant financing components
GES | Minimum [Member]
Disaggregation Of Revenue [Line Items]
Performance obligation payment terms			30 days
GES | Maximum
Disaggregation Of Revenue [Line Items]
Performance obligation payment terms			60 days
Pursuit
Disaggregation Of Revenue [Line Items]
Performance obligation description of payment terms			When we extend credit, payment terms are generally within 30 days and contain no significant financing components
Performance obligation payment terms			30 days

Revenue and Related Contract _4

Revenue and Related Contract Costs and Contract Liabilities - Summary of Changes in Contract Liabilities (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2020USD ($)
Revenue From Contract With Customer [Abstract]
Balance at December 31, 2019	$ 50,796
Cash additions	130,018
Revenue recognized	(162,954)
Foreign exchange translation adjustment	(84)
Balance at September 30, 2020	$ 17,776

Revenue and Related Contract _5

Revenue and Related Contract Costs and Contract Liabilities - Summary of Changes in Contract Costs (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2020USD ($)
Revenue From Contract With Customer [Abstract]
Balance at December 31, 2019	$ 28,496
Additions	16,710
Expenses	(22,774)
Cancelled	(9,840)
Foreign exchange translation adjustment	(479)
Balance at September 30, 2020	$ 12,113

Revenue and Related Contract _6

Revenue and Related Contract Costs and Contract Liabilities - Disaggregate GES and Pursuit Revenue by Major Product Line Timing of Revenue Recognition and Markets Served (Details) - USD ($) $ in Thousands	3 Months Ended				9 Months Ended
	Sep. 30, 2020		Sep. 30, 2019		Sep. 30, 2020		Sep. 30, 2019
Disaggregation Of Revenue [Line Items]
Total revenue	$ 63,072		$ 353,743		$ 389,863		$ 1,009,686
GES
Disaggregation Of Revenue [Line Items]
Total revenue	14,257		218,700		322,261		808,567
GES | Operating Segments
Disaggregation Of Revenue [Line Items]
Total revenue	14,257		218,700		322,261		808,567
GES | Intersegment Eliminations
Disaggregation Of Revenue [Line Items]
Total revenue	(284)		(5,724)		(3,258)		(14,731)
Pursuit
Disaggregation Of Revenue [Line Items]
Total revenue	48,815		135,043		67,602		201,119
Pursuit | Operating Segments
Disaggregation Of Revenue [Line Items]
Total revenue	48,815		135,043		67,602		201,119
Pursuit | Intersegment Eliminations
Disaggregation Of Revenue [Line Items]
Total revenue	(144)		(671)		(261)		(1,355)
North America | GES | Operating Segments
Disaggregation Of Revenue [Line Items]
Total revenue	11,767		185,124		273,423		666,825
EMEA | GES | Operating Segments
Disaggregation Of Revenue [Line Items]
Total revenue	2,774		39,300		52,096		156,473
Services Transferred Over Time | GES
Disaggregation Of Revenue [Line Items]
Total revenue	12,296		192,855		289,788		709,832
Services Transferred Over Time | GES | Intersegment Eliminations
Disaggregation Of Revenue [Line Items]
Total revenue	(284)		(5,724)		(3,258)		(14,731)
Services Transferred Over Time | Pursuit
Disaggregation Of Revenue [Line Items]
Total revenue	31,406		98,846		45,595		148,239
Services Transferred Over Time | North America | GES | Operating Segments
Disaggregation Of Revenue [Line Items]
Total revenue	10,203		172,224		252,021		616,176
Services Transferred Over Time | EMEA | GES | Operating Segments
Disaggregation Of Revenue [Line Items]
Total revenue	2,377		26,355		41,025		108,387
Products Transferred Over Time | GES
Disaggregation Of Revenue [Line Items]
Total revenue	247	[1]	12,863	[2]	13,442	[1]	44,196	[2]
Products Transferred Over Time | North America | GES | Operating Segments
Disaggregation Of Revenue [Line Items]
Total revenue	232	[1]	10,558	[2]	11,035	[1]	33,601	[2]
Products Transferred Over Time | EMEA | GES | Operating Segments
Disaggregation Of Revenue [Line Items]
Total revenue	15	[1]	2,305	[2]	2,407	[1]	10,595	[2]
Products Transferred at a Point in Time | GES
Disaggregation Of Revenue [Line Items]
Total revenue	1,714		12,982		19,031		54,539
Products Transferred at a Point in Time | Pursuit
Disaggregation Of Revenue [Line Items]
Total revenue	17,409		36,197		22,007		52,880
Products Transferred at a Point in Time | North America | GES | Operating Segments
Disaggregation Of Revenue [Line Items]
Total revenue	1,332		2,342		10,367		17,048
Products Transferred at a Point in Time | EMEA | GES | Operating Segments
Disaggregation Of Revenue [Line Items]
Total revenue	382		10,640		8,664		37,491
Core Services | GES
Disaggregation Of Revenue [Line Items]
Total revenue	9,990		169,261		258,764		618,200
Core Services | North America | GES | Operating Segments
Disaggregation Of Revenue [Line Items]
Total revenue	7,987		148,722		225,414		531,485
Core Services | EMEA | GES | Operating Segments
Disaggregation Of Revenue [Line Items]
Total revenue	2,003		20,539		33,350		86,715
Audio Visual | GES
Disaggregation Of Revenue [Line Items]
Total revenue	893		23,144		22,210		76,494
Audio Visual | North America | GES | Operating Segments
Disaggregation Of Revenue [Line Items]
Total revenue	933		18,742		18,661		61,323
Audio Visual | EMEA | GES | Operating Segments
Disaggregation Of Revenue [Line Items]
Total revenue	(40)		4,402		3,549		15,171
Event Technology | GES
Disaggregation Of Revenue [Line Items]
Total revenue	1,697		6,174		12,072		29,869
Event Technology | North America | GES | Operating Segments
Disaggregation Of Revenue [Line Items]
Total revenue	1,283		4,760		7,946		23,368
Event Technology | EMEA | GES | Operating Segments
Disaggregation Of Revenue [Line Items]
Total revenue	414		1,414		4,126		6,501
Total Services | GES
Disaggregation Of Revenue [Line Items]
Total revenue	12,296		192,855		289,788		709,832
Total Services | GES | Intersegment Eliminations
Disaggregation Of Revenue [Line Items]
Total revenue	(284)		(5,724)		(3,258)		(14,731)
Total Services | Pursuit
Disaggregation Of Revenue [Line Items]
Total revenue	31,406		98,846		45,595		148,239
Total Services | North America | GES | Operating Segments
Disaggregation Of Revenue [Line Items]
Total revenue	10,203		172,224		252,021		616,176
Total Services | EMEA | GES | Operating Segments
Disaggregation Of Revenue [Line Items]
Total revenue	2,377		26,355		41,025		108,387
Core Products | GES
Disaggregation Of Revenue [Line Items]
Total revenue	1,961		25,845		32,473		98,735
Core Products | North America | GES | Operating Segments
Disaggregation Of Revenue [Line Items]
Total revenue	1,564		12,900		21,402		50,649
Core Products | EMEA | GES | Operating Segments
Disaggregation Of Revenue [Line Items]
Total revenue	397		12,945		11,071		48,086
Exhibitions | GES
Disaggregation Of Revenue [Line Items]
Total revenue	7,213		108,729		242,672		468,295
Exhibitions | North America | GES | Operating Segments
Disaggregation Of Revenue [Line Items]
Total revenue	4,890		79,589		203,671		349,106
Exhibitions | EMEA | GES | Operating Segments
Disaggregation Of Revenue [Line Items]
Total revenue	2,323		29,140		39,001		119,189
Conferences | GES
Disaggregation Of Revenue [Line Items]
Total revenue	1,466		65,475		47,244		212,805
Conferences | North America | GES | Operating Segments
Disaggregation Of Revenue [Line Items]
Total revenue	1,099		60,537		39,626		195,635
Conferences | EMEA | GES | Operating Segments
Disaggregation Of Revenue [Line Items]
Total revenue	367		4,938		7,618		17,170
Corporate Events | GES
Disaggregation Of Revenue [Line Items]
Total revenue	4,604		44,390		29,320		121,690
Corporate Events | North America | GES | Operating Segments
Disaggregation Of Revenue [Line Items]
Total revenue	4,537		39,370		24,012		102,525
Corporate Events | EMEA | GES | Operating Segments
Disaggregation Of Revenue [Line Items]
Total revenue	67		5,020		5,308		19,165
Consumer Events | GES
Disaggregation Of Revenue [Line Items]
Total revenue	1,258		5,830		6,283		20,508
Consumer Events | North America | GES | Operating Segments
Disaggregation Of Revenue [Line Items]
Total revenue	1,241		5,628		6,114		19,559
Consumer Events | EMEA | GES | Operating Segments
Disaggregation Of Revenue [Line Items]
Total revenue	17		202		169		949
Accommodations | Pursuit
Disaggregation Of Revenue [Line Items]
Total revenue	18,021		41,292		23,994		56,636
Admissions | Pursuit
Disaggregation Of Revenue [Line Items]
Total revenue	12,229		49,353		17,865		76,034
Transportation | Pursuit
Disaggregation Of Revenue [Line Items]
Total revenue	445		6,868		2,513		12,817
Travel Planning | Pursuit
Disaggregation Of Revenue [Line Items]
Total revenue	855		2,004		1,484		4,107
Food and Beverage | Pursuit
Disaggregation Of Revenue [Line Items]
Total revenue	6,783		19,333		9,047		28,903
Retail Operations | Pursuit
Disaggregation Of Revenue [Line Items]
Total revenue	10,626		16,864		12,960		23,977
Products
Disaggregation Of Revenue [Line Items]
Total revenue	19,370		62,042		54,480		151,615
Products | Pursuit
Disaggregation Of Revenue [Line Items]
Total revenue	17,409		36,197		22,007		52,880
Banff Jasper Collection | Pursuit
Disaggregation Of Revenue [Line Items]
Total revenue	26,395		75,337		39,234		116,433
Alaska Collection | Pursuit
Disaggregation Of Revenue [Line Items]
Total revenue	5,436		26,909		6,167		39,287
Glacier Park Collection | Pursuit
Disaggregation Of Revenue [Line Items]
Total revenue	14,929		28,098		16,813		36,296
FlyOver | Pursuit
Disaggregation Of Revenue [Line Items]
Total revenue	$ 2,055		$ 4,699		$ 5,388		$ 9,103
[1]	GES’ graphics product revenue is earned over time over the duration of the event as it is considered a part of the single performance obligation satisfied over time.
[2]

Share-Based Compensation - Narr

Share-Based Compensation - Narrative (Details) - USD ($) $ in Thousands	9 Months Ended		12 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Repurchase of common stock for employee tax withholding obligations amount	$ 1,062	$ 3,019
Recognition period of unrecognized cost	2 years 6 months
Requisite service period	3 years
Total unrecognized compensation cost related to non-vested stock option awards	$ 1,600
Granted	204,150		0
Minimum
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Share based compensation arrangement performance period	1 year 4 months 24 days
Maximum
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Share based compensation arrangement performance period	3 years 4 months 24 days
2017 Plan
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Useful Term of the plan	10 years
Common stock shares issuable	1,750,000
Shares available for grant	1,077,197
2007 Plan
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Award vesting period	3 years
2007 Plan | Performance Unit Incentive Plan ("PUP")
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Shares available for grant	0
Awards with grant date fair value during the period	$ 4,800
Stock value payable	1,800
Liability awards recorded	400		$ 5,300
Payments to employees	2,600		5,600
Paid to employees as shares			$ 3,400
Repurchase of common stock for employee tax withholding obligations amount, shares			25,771
Repurchase of common stock for employee tax withholding obligations amount			$ 1,500
2007 Plan | Restricted Stock Awards And Restricted Stock Units
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Payments to employees	200	300
Paid to employees as shares	$ 800	$ 200
Repurchase of common stock for employee tax withholding obligations amount, shares	17,961	24,586
Repurchase of common stock for employee tax withholding obligations amount	$ 1,100	$ 1,400
Unamortized cost	$ 2,600
Recognition period of unrecognized cost	1 year 2 months 12 days
Liabilities related to restricted stock	$ 800		$ 400

Share-Based Compensation - Summ

Share-Based Compensation - Summary of Share-Based Compensation (income) expense (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Summary of share-based compensation expense
Share-based compensation expense before income tax		$ 1,937	$ 1,831	$ 649	$ 6,448
Income tax benefit	[1]		(460)		(1,625)
Share-based compensation expense, net of income tax		1,937	1,371	649	4,823
Performance Unit Incentive Plan ("PUP")
Summary of share-based compensation expense
Share-based compensation expense before income tax		149	1,033	(2,596)	4,013
Restricted Stock Awards And Restricted Stock Units
Summary of share-based compensation expense
Share-based compensation expense before income tax		1,698	$ 798	3,155	$ 2,435
Stock Options
Summary of share-based compensation expense
Share-based compensation expense before income tax		$ 90		$ 90
[1]

Share-Based Compensation - Su_2

Share-Based Compensation - Summary of Activity of the Outstanding PUP Awards (Details) - Performance Unit Incentive Plan ("PUP")	9 Months Ended
	Sep. 30, 2020$ / sharesshares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Beginning Balance, shares | shares	59,714
Granted, shares | shares	32,367
Ending Balance, shares | shares	92,081
Beginning Balance, Weighted-Average Grant Date Fair Value | $ / shares	$ 52.10
Granted, Weighted-Average Grant Date Fair Value | $ / shares	56.23
Ending Balance, Weighted-Average Grant Date Fair Value | $ / shares	$ 55.49
Beginning Balance, shares | shares	155,190
Granted, shares | shares	52,531
Vested, shares | shares	(67,866)
Forfeited, shares | shares	(18,370)
Ending Balance, shares | shares	121,485
Beginning Balance, Weighted-Average Grant Date Fair Value | $ / shares	$ 52.53
Granted, Weighted-Average Grant Date Fair Value | $ / shares	56.10
Vested, Weighted-Average Grant Date Fair Value | $ / shares	47.43
Forfeited, Weighted-Average Grant Date Fair Value | $ / shares	56.40
Ending Balance, Weighted-Average Grant Date Fair Value | $ / shares	$ 55.08

Share-Based Compensation - Su_3

Share-Based Compensation - Summary of Activity of the Outstanding Restricted Stock Awards And Restricted Stock Units (Details)	9 Months Ended
	Sep. 30, 2020$ / sharesshares
Restricted Stock Awards
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Granted, shares | shares	232,435
Vested, shares | shares	(38,982)
Forfeited, shares | shares	(2,183)
Ending Balance, shares | shares	191,270
Granted, Weighted-Average Grant Date Fair Value | $ / shares	$ 19.44
Vested, Weighted-Average Grant Date Fair Value | $ / shares	19.30
Forfeited, Weighted-Average Grant Date Fair Value | $ / shares	19.30
Ending Balance, Weighted-Average Grant Date Fair Value | $ / shares	$ 19.47
Beginning Balance, shares | shares	11,623
Granted, shares | shares	3,952
Vested, shares | shares	(2,815)
Forfeited, shares | shares	(1,634)
Ending Balance, shares | shares	11,126
Beginning Balance, Weighted-Average Grant Date Fair Value | $ / shares	$ 52.17
Granted, Weighted-Average Grant Date Fair Value | $ / shares	50.43
Vested, Weighted-Average Grant Date Fair Value | $ / shares	47.45
Forfeited, Weighted-Average Grant Date Fair Value | $ / shares	56.59
Ending Balance, Weighted-Average Grant Date Fair Value | $ / shares	$ 52.10
Restricted Stock Units
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Beginning Balance, shares | shares	136,123
Granted, shares | shares	55,171
Vested, shares | shares	(64,684)
Forfeited, shares | shares	(15,192)
Ending Balance, shares | shares	111,418
Beginning Balance, Weighted-Average Grant Date Fair Value | $ / shares	$ 52.66
Granted, Weighted-Average Grant Date Fair Value | $ / shares	51.06
Vested, Weighted-Average Grant Date Fair Value | $ / shares	49.85
Forfeited, Weighted-Average Grant Date Fair Value | $ / shares	56.54
Ending Balance, Weighted-Average Grant Date Fair Value | $ / shares	$ 52.97

Share-Based Compensation - Su_4

Share-Based Compensation - Summary of Stock Option Activity (Details) - USD ($)		9 Months Ended	12 Months Ended
		Sep. 30, 2020	Dec. 31, 2019
Options outstanding and exercisable
Options outstanding and exercisable Beginning Balance, Shares			41,143
Granted		204,150	0
Exercised, Shares		(41,143)
Options outstanding at September 30, 2020		204,150
Weighted-Average Exercise Price
Options outstanding and exercisable Beginning Balance, Weighted-Average Exercise Price			$ 16.62
Granted		$ 19.98
Exercised, Weighted-Average Exercise Price		16.62
Options outstanding at September 30, 2020		$ 19.98
Aggregate intrinsic value of options outstanding at September 30, 2020	[1]	$ 229,500
[1]

Share Based Compensation - Summ

Share Based Compensation - Summary of Options Outstanding and Exercisable (Details)	9 Months Ended
	Sep. 30, 2020$ / sharesshares
Exercise Price Range One
Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range [Line Items]
Range of exercise prices	$ 19.30
Shares | shares	150,000
Weighted-Average Remaining Contractual Life (in years)	8 years 3 months
Weighted-Average Exercise Price	$ 19.30
Exercise Price Range Two
Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range [Line Items]
Range of exercise prices	$ 21.85
Shares | shares	54,150
Weighted-Average Remaining Contractual Life (in years)	6 years 10 months 28 days
Weighted-Average Exercise Price	$ 21.85
Exercise Price Range Three
Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range [Line Items]
Range of exercise prices	19.30
Range of exercise prices	$ 21.85
Shares | shares	204,150
Weighted-Average Remaining Contractual Life (in years)	7 years 10 months 20 days
Weighted-Average Exercise Price	$ 19.98

Share Based Compensation - Assu

Share Based Compensation - Assumptions Used in the Black-Scholes Option Pricing Model to Estimate the Fair Value of Each Stock Option Grant (Details) - USD ($) $ / shares in Units, $ in Thousands	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range [Line Items]
Risk-free interest rate, Minimum	0.27%
Risk-free interest rate, Maximum	0.31%
Expected volatility, Minimum	46.90%
Expected volatility, Maximum	52.20%
Weighted average grant-date fair value per share of options granted	$ 8.38
Cash received from exercise of options (in thousands)	$ 2,077	$ 92
Minimum
Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range [Line Items]
Expected life	4 years 3 months 18 days
Maximum
Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range [Line Items]
Expected life	5 years 4 months 24 days

Acquisitions - Narrative (Detai

Acquisitions - Narrative (Details) $ in Thousands, $ in Millions	Jul. 25, 2019USD ($)	Jun. 08, 2019USD ($)Hotel	Jun. 08, 2019CAD ($)Hotel	May 16, 2019USD ($)	Sep. 30, 2020USD ($)	Sep. 30, 2019USD ($)	Sep. 30, 2020USD ($)	Sep. 30, 2019USD ($)	Dec. 31, 2019USD ($)
Business Acquisition [Line Items]
Operating loss					$ (9,410)	$ 52,142	$ (71,803)	$ 82,374
Total revenue					63,072	353,743	389,863	1,009,686
Pursuit
Business Acquisition [Line Items]
Total revenue					48,815	$ 135,043	67,602	$ 201,119
Belton Chalet
Business Acquisition [Line Items]
Purchase price				$ 3,200
Acquisition related costs				$ 300
Business acquisition date				May 16, 2019
Mountain Park Lodges
Business Acquisition [Line Items]
Acquisition related costs									$ 900
Business acquisition date		Jun. 8, 2019	Jun. 8, 2019
Percentage of controlling interest acquired		60.00%	60.00%
Number of hotels acquired | Hotel		7	7
Total consideration		$ 76,000	$ 100.6
Percentage of operations results consolidated to financial statements		100.00%	100.00%
Percentage of non-redeemable noncontrolling portion of income (loss) recorded in financial statements		40.00%	40.00%
Operating loss					4,400		200
Total revenue					$ 8,900		$ 12,900
Identifiable intangible assets acquired		$ 20,200
Weighted average amortization period		30 years 9 months 18 days	30 years 9 months 18 days
New Sky Lagoon Attraction | Pursuit | Sky Lagoon Attraction
Business Acquisition [Line Items]
Percentage of controlling interest acquired	51.00%
Payments to acquire controlling interest	$ 13,200

Acquisitions - Schedule of Prof

Acquisitions - Schedule of Proforma Results of Operations (Details) - Mountain Park Lodges - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2020
Business Acquisition [Line Items]
Revenue	$ 362,488	$ 1,058,622
Depreciation and amortization	16,347	46,695
Income from continuing operations	34,607	28,709
Net income attributable to Viad	$ 31,416	$ 26,765
Diluted income per share	$ 1.53	$ 1.29
Basic income per share	$ 1.53	$ 1.29

Inventories - Components of Inv

Inventories - Components of Inventories (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Components of Inventories
Raw materials	$ 10,796	$ 11,788
Finished goods	5,500	5,481
Inventories	$ 16,296	$ 17,269

Other Current Assets - Schedule

Other Current Assets - Schedule of Other Current Assets (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Deferred Costs Capitalized Prepaid And Other Assets Disclosure [Abstract]
Prepaid software maintenance	$ 4,045	$ 3,875
Prepaid insurance	2,565	5,573
Prepaid vendor payments	2,106	4,698
Prepaid taxes	1,087	917
Income tax receivable	162	13,250
Prepaid other	2,097	1,904
Other	4,134	637
Other current assets	$ 16,196	$ 30,854

Property and Equipment - Schedu

Property and Equipment - Schedule of Property and Equipment (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Property Plant And Equipment [Line Items]
Gross property and equipment	$ 807,115	$ 829,525
Accumulated depreciation	(352,456)	(353,974)
Property and equipment, net (excluding finance leases)	454,659	475,551
Finance lease right-of-use assets, net	22,786	25,350
Property and equipment, net	477,445	500,901
Land and land interests
Property Plant And Equipment [Line Items]
Gross property and equipment	32,481	34,532
Buildings and leasehold improvements
Property Plant And Equipment [Line Items]
Gross property and equipment	374,549	377,754
Equipment and other
Property Plant And Equipment [Line Items]
Gross property and equipment	$ 400,085	$ 417,239

Property and Equipment - Narrat

Property and Equipment - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Property Plant And Equipment [Line Items]
Depreciation expense	$ 11,500	$ 12,700	$ 35,100	$ 34,000
Amortization expense on finance lease assets	926	$ 697	2,767	1,895
Property and equipment purchased through accounts payable and accrued liabilities, decreased amount			$ 6,300	$ 2,000
Capitalized Software
Property Plant And Equipment [Line Items]
Fixed asset impairment charges	$ 700

Other Investments and Assets -

Other Investments and Assets - Summary of Other Investments and Assets (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Investments All Other Investments [Abstract]
Self-insured liability receivable	$ 9,982	$ 9,982
Contract costs	4,464	3,961
Other mutual funds	3,136	3,107
Cash surrender value of life insurance		24,873
Other	2,355	3,196
Other investments and assets	$ 19,937	$ 45,119

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets - Summary of Goodwill Balances by Component and Segment (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2020USD ($)
Goodwill [Line Items]
Balance, beginning	$ 287,983
Goodwill impairment	(186,075)
Foreign currency translation adjustments	(4,977)
Balance, ending	96,931
GES North America
Goodwill [Line Items]
Balance, beginning	155,276
Goodwill impairment	(155,276)
GES EMEA
Goodwill [Line Items]
Balance, beginning	30,829
Goodwill impairment	(29,042)
Foreign currency translation adjustments	(1,787)
Pursuit
Goodwill [Line Items]
Balance, beginning	101,878
Goodwill impairment	(1,757)
Foreign currency translation adjustments	(3,190)
Balance, ending	$ 96,931

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended				9 Months Ended
	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Segment Reporting Information [Line Items]
Income tax benefit related to goodwill impairment charges			$ 12,400
Full Impairement Charges		$ 113,100
Remaining goodwill balance	$ 96,931				$ 96,931		$ 287,983
Impairment charge to intangible assets					15,700
Services
Segment Reporting Information [Line Items]
Intangible asset amortization expense	1,500			$ 2,900	5,200	$ 8,200
G E S U S
Segment Reporting Information [Line Items]
Goodwill impairment			41,900
GES EMEA
Segment Reporting Information [Line Items]
Goodwill impairment			29,000
Remaining goodwill balance							30,829
Pursuit Glacier Park Collection
Segment Reporting Information [Line Items]
Goodwill impairment			$ 1,800
Pursuit
Segment Reporting Information [Line Items]
Remaining goodwill balance	$ 96,931				$ 96,931		$ 101,878

Goodwill and Other Intangible_5

Goodwill and Other Intangible Assets - Summary of Other Intangible Assets (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2020	Dec. 31, 2019
Finite-Lived Intangible Assets, Net [Abstract]
Intangible assets subject to amortization, Gross Carrying Value	$ 101,038	$ 142,894
Intangible assets subject to amortization, Accumulated Amortization	(32,968)	(49,157)
Intangible assets subject to amortization, Net Carrying Value	68,070	93,737
Other intangible assets, Gross Carrying Value	101,606	143,465
Other intangible assets, Net Carrying Value	$ 68,638	94,308
Customer contracts and relationships
Finite-Lived Intangible Assets, Net [Abstract]
Intangible assets subject to amortization, Useful Life (Years)	6 years 4 months 24 days
Intangible assets subject to amortization, Gross Carrying Value	$ 40,006	72,219
Intangible assets subject to amortization, Accumulated Amortization	(27,381)	(40,866)
Intangible assets subject to amortization, Net Carrying Value	$ 12,625	31,353
Operating contracts and licenses
Finite-Lived Intangible Assets, Net [Abstract]
Intangible assets subject to amortization, Useful Life (Years)	36 years 9 months 18 days
Intangible assets subject to amortization, Gross Carrying Value	$ 39,156	43,329
Intangible assets subject to amortization, Accumulated Amortization	(2,258)	(1,881)
Intangible assets subject to amortization, Net Carrying Value	$ 36,898	41,448
In-place lease
Finite-Lived Intangible Assets, Net [Abstract]
Intangible assets subject to amortization, Useful Life (Years)	13 years 9 months 18 days
Intangible assets subject to amortization, Gross Carrying Value	$ 14,670	15,044
Intangible assets subject to amortization, Accumulated Amortization	(532)	(231)
Intangible assets subject to amortization, Net Carrying Value	$ 14,138	14,813
Tradenames
Finite-Lived Intangible Assets, Net [Abstract]
Intangible assets subject to amortization, Useful Life (Years)	5 years 6 months
Intangible assets subject to amortization, Gross Carrying Value	$ 5,687	9,423
Intangible assets subject to amortization, Accumulated Amortization	(2,155)	(4,338)
Intangible assets subject to amortization, Net Carrying Value	$ 3,532	5,085
Non-compete agreements
Finite-Lived Intangible Assets, Net [Abstract]
Intangible assets subject to amortization, Useful Life (Years)	1 year 3 months 18 days
Intangible assets subject to amortization, Gross Carrying Value	$ 736	2,077
Intangible assets subject to amortization, Accumulated Amortization	(552)	(1,775)
Intangible assets subject to amortization, Net Carrying Value	$ 184	302
Other
Finite-Lived Intangible Assets, Net [Abstract]
Intangible assets subject to amortization, Useful Life (Years)	7 years 4 months 24 days
Intangible assets subject to amortization, Gross Carrying Value	$ 783	802
Intangible assets subject to amortization, Accumulated Amortization	(90)	(66)
Intangible assets subject to amortization, Net Carrying Value	693	736
Business licenses
Finite-Lived Intangible Assets, Net [Abstract]
Indefinite-lived intangible assets, Gross Carrying Value	$ 568	$ 571

Goodwill and Other Intangible_6

Goodwill and Other Intangible Assets - Estimated Future Amortization Expense Related to Intangible Assets Subject to Amortization (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Estimated amortization expense related to amortized intangible assets
Remainder of 2020	$ 1,278
2021	5,089
2022	4,968
2023	4,322
2024	3,383
Thereafter	49,030
Intangible assets subject to amortization, Net Carrying Value	$ 68,070	$ 93,737

Other Current Liabilities - Sch

Other Current Liabilities - Schedule of Other Current Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Continuing operations:
Self-insured liability	$ 6,227	$ 5,668
Accrued restructuring	4,574	2,130
Accrued sales and use taxes	2,914	5,451
Commissions payable	2,541	8,274
Accrued employee benefit costs	2,108	3,564
Current portion of pension and postretirement liabilities	1,722	1,899
Accrued professional fees	1,137	1,248
Accrued legal settlement		2,500
Accrued dividends		2,019
Other taxes	1,655	278
Accommodation services deposits	506	959
Other	6,204	5,187
Total continuing operations	29,588	39,177
Discontinued operations:
Self-insured liability	422	260
Environmental remediation liabilities	60	311
Other	57	76
Total discontinued operations	539	647
Total other current liabilities	$ 30,127	$ 39,824

Other Deferred Items and Liab_3

Other Deferred Items and Liabilities - Summary of Other Deferred Items and Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Continuing operations:
Foreign deferred tax liability	$ 25,127	$ 32,570
Multi-employer pension plan withdrawal liability	15,970	15,693
Self-insured excess liability	9,982	9,982
Self-insured liability	8,046	8,682
Accrued compensation	4,806	7,485
Accrued restructuring	2,447	2,383
Contract liabilities	623	125
Other	3,487	2,423
Total continuing operations	70,488	79,343
Discontinued operations:
Environmental remediation liabilities	2,186	1,964
Self-insured liability	1,824	2,018
Other	676	382
Total discontinued operations	4,686	4,364
Total other deferred items and liabilities	$ 75,174	$ 83,707

Debt and Finance Lease Obliga_3

Debt and Finance Lease Obligations - Schedule of Long-term Debt and Finance Lease Obligations (Details) - USD ($) $ in Thousands		Sep. 30, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Less unamortized debt issuance costs		$ (2,953)	$ (1,836)
Total debt	[1]	233,174	315,235
Finance lease obligations, 7.9% weighted-average interest rate at September 30, 2020 and 7.7% at December 31, 2019, due through 2039		23,018	25,257
Total debt and finance lease obligations	[2]	256,192	340,492
Current portion	[3]	(4,040)	(5,330)
Long-term debt and finance lease obligations		252,152	335,162
FlyOver Iceland Credit Facility
Debt Instrument [Line Items]
Credit facility	[4]	5,584	5,607
2018 Credit Agreement | Revolving Credit Facility
Debt Instrument [Line Items]
Credit facility	[4]	$ 230,543	$ 311,464
[1]	The estimated fair value of total debt and finance leases was $222.0 million as of September 30, 2020 and $339.4 million as of December 31, 2019. The fair value of debt was estimated by discounting the future cash flows using rates currently available for debt of similar terms and maturity, which is a Level 2 measurement. Refer to Note 13 – Fair Value Measurements
[2]	Cash paid for interest on debt was $12.1 million for the nine months ended September 30, 2020 and $8.8 million for the nine months ended September 30, 2019.
[3]	Subsequent to the filing of our 2019 Form 10-K, we identified a correction related to the classification of the 2018 Credit Facility (as defined below) from current to long-term given that the 2018 Credit Facility’s contractual maturity was not within 12 months
[4]	Represents the weighted-average interest rate in effect at the respective periods, including any applicable margin. The interest rates do not include amortization of debt issuance costs or commitment fees.

Debt and Finance Lease Obliga_4

Debt and Finance Lease Obligations - Schedule of Long-term Debt and Finance Lease Obligations (Parenthetical) (Details) - USD ($) $ in Millions	9 Months Ended		12 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Debt Instrument [Line Items]
Weighted average interest rate on long term debt	7.90%		7.70%
Fair value of debt	$ 222		$ 339.4
Cash paid for interest on debt	$ 12.1	$ 8.8
Current revolving credit facility maturity period	12 months		12 months
FlyOver Iceland Credit Facility
Debt Instrument [Line Items]
Weighted average interest rate on long term debt	4.90%		4.90%
2018 Credit Agreement | Revolving Credit Facility
Debt Instrument [Line Items]
Interest rate on credit facility	4.60%		3.90%

Debt and Finance Lease Obliga_5

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

Aug. 05, 2020USD ($)

May 14, 2020

Oct. 24, 2018USD ($)

Sep. 30, 2020USD ($)

Mar. 31, 2020

Sep. 30, 2020USD ($)

Dec. 31, 2020USD ($)

Mar. 17, 2020USD ($)

Dec. 31, 2019USD ($)

Feb. 15, 2019USD ($)

Feb. 15, 2019EUR (€)

Line of Credit Facility [Line Items]

Minimum liquidity requirement

$ 125,000

Pledge percentage of capital stock

100.00%

Fees related to the amendment

$ 1,700

Unsecured Debt

Line of Credit Facility [Line Items]

Expansion feature - amount available as incremental revolver

$ 250,000

Scenario Forecast

Line of Credit Facility [Line Items]

Minimum liquidity requirement

$ 100,000

LIBOR

Line of Credit Facility [Line Items]

Variable rate

3.50%

FlyOver Iceland Credit Facility

Line of Credit Facility [Line Items]

Maturity date

Sep. 1, 2022

Mar. 1, 2022

Revolving credit facility, balance outstanding

[1]

$ 5,584

$ 5,584

$ 5,607

Maximum borrowing capacity on credit facility

$ 5,600

€ 5

Line of credit facility amendment description

an addendum to the FlyOver Iceland Credit Facility effective May 14, 2020 wherein the principal and interest payments were deferred for six months beginning June 1, 2020, with the first payment due December 1, 2020. The addendum also extended the maturity date to September 1, 2022. There were no other changes to the terms of the FlyOver Iceland Credit Facility.

Line of credit facility, date of first required payment

Dec. 1, 2020

2018 Credit Agreement | Revolving Credit Facility

Line of Credit Facility [Line Items]

Borrowing capacity on line of credit

$ 450,000

Maturity date

Oct. 24, 2023

Interest coverage ratio

200.00%

Repayments of Lines of Credit

217,000

Commitment fee percentage on line of credit

0.50%

Remaining borrowing capacity on line of credit

$ 209,800

Revolving credit facility, balance outstanding

[1]

230,543

$ 230,543

$ 311,464

Letters of Credit Outstanding

$ 9,700

$ 9,700

2018 Credit Agreement | Revolving Credit Facility | Maximum

Line of Credit Facility [Line Items]

Leverage ratio during covenant waiver period

400.00%

Leverage ratio, post covenant waiver period

450.00%

Financial covenants leverage ratio step up

400.00%

[1]

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

Fair Value Measurements - Summa

Fair Value Measurements - Summary of Fair Value Assets Measured on Recurring Basis (Details) - Fair Value, Measurements, Recurring - USD ($) $ in Thousands		Sep. 30, 2020	Dec. 31, 2019
Fair value information related to assets
Assets		$ 3,138	$ 3,230
Quoted Prices in Active Markets (Level 1)
Fair value information related to assets
Assets		3,138	3,230
Money market funds
Fair value information related to assets
Assets	[1]	2	123
Money market funds | Quoted Prices in Active Markets (Level 1)
Fair value information related to assets
Assets	[1]	2	123
Other mutual funds
Fair value information related to assets
Assets	[2]	3,136	3,107
Other mutual funds | Quoted Prices in Active Markets (Level 1)
Fair value information related to assets
Assets	[2]	$ 3,136	$ 3,107
[1]
[2]	We include other mutual funds in “Other investments and assets” in the Condensed Consolidated Balance Sheets.

Fair Value Measurements - Sum_2

Fair Value Measurements - Summary of Fair Value Assets Measured on Recurring Basis (Parenthetical) (Details) - Money market funds	9 Months Ended
	Sep. 30, 2020USD ($)
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Realized gains on the investments	$ 0
Unrealized gains on the investments	$ 0

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Loss) - Schedule of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance	$ 547,229	$ 450,555
Ending Balance	210,468	532,527
Cumulative Foreign Currency Translation Adjustments
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance	(23,799)	(36,332)
Other comprehensive income (loss) before reclassifications	(7,342)	3,868
Net other comprehensive income (loss)	(7,342)	3,868
Ending Balance	(31,141)	(32,464)
Unrecognized Net Actuarial Loss and Prior Service Credit, Net
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance	(11,900)	(11,643)
Amounts reclassified from AOCI, net of tax	354	196
Net other comprehensive income (loss)	354	196
Ending Balance	(11,546)	(11,447)
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance	(35,699)	(47,975)
Other comprehensive income (loss) before reclassifications	(7,342)	3,868
Amounts reclassified from AOCI, net of tax	354	196
Net other comprehensive income (loss)	(6,988)	4,064
Ending Balance	$ (42,687)	$ (43,911)

Income (Loss) Per Share - Recon

Income (Loss) Per Share - Reconciliation of Basic and Diluted Income (loss) Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Numerator:
Net income (loss) attributable to Viad (diluted)		$ (30,758)	$ 31,416	$ (323,621)	$ 27,463
Less: Allocation to non-vested shares			(226)		(196)
Dividends on convertible preferred stock		(1,134)		(1,134)
Adjustment to the redemption value of redeemable noncontrolling interest		(468)	(264)	(926)	(530)
Net income (loss) allocated to Viad common stockholders (basic)		$ (32,360)	$ 30,926	$ (325,681)	$ 26,737
Denominator:
Weighted-average outstanding common shares		20,293	20,168	20,263	20,129
Additional dilutive shares related to share-based compensation			143		138
Diluted weighted-average outstanding shares		20,293	20,311	20,263	20,267
Basic income (loss) attributable to Viad common stockholders		$ (1.59)	$ 1.53	$ (16.07)	$ 1.33
Diluted income (loss) attributable to Viad common stockholders(1)	[1]	$ (1.59)	$ 1.53	$ (16.07)	$ 1.33
[1]

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Income Tax Disclosure [Abstract]
Effective income tax rate	(2.70%)	25.60%	(6.80%)	26.50%
Income tax refunds	$ 6.8		$ 14.7
Income taxes paid		$ 4.1		$ 12.1

Pension and Postretirement Be_3

Pension and Postretirement Benefits - Components of Net Periodic Benefit Cost of Pension and Postretirement Benefit Plans (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
UNITED STATES | Pension Plans
Net periodic benefit cost:
Service cost		$ 15		$ 46
Interest cost	$ 162	209	$ 490	646
Expected return on plan assets	(74)	(35)	(109)	(74)
Recognized net actuarial loss	130	96	395	302
Net periodic benefit cost	218	285	776	920
UNITED STATES | Postretirement Benefit Plans
Net periodic benefit cost:
Service cost	7	13	38	48
Interest cost	64	93	222	343
Amortization of prior service credit	(36)	(47)	(109)	(141)
Recognized net actuarial loss	(26)	(43)	13	84
Net periodic benefit cost	9	16	164	334
Foreign Pension Plans
Net periodic benefit cost:
Service cost	112	101	330	303
Interest cost	87	92	254	281
Expected return on plan assets	(134)	(122)	(394)	(364)
Recognized net actuarial loss	48	37	138	111
Net periodic benefit cost	$ 113	$ 108	$ 328	$ 331

Pension and Postretirement Be_4

Pension and Postretirement Benefits - Narrative (Details) $ in Millions	9 Months Ended
	Sep. 30, 2020USD ($)
Postretirement Benefit Plans
Defined Benefit Plan Disclosure [Line Items]
Amount expected to contribute in postretirement benefit plans	$ 1
Pension and Other Postretirement Benefit Contributions	0.6
Funded Plans | Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Amount expected to contribute in funded pension plans	1.3
Pension Contributions	0.2
Unfunded Pension Plans | Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Amount expected to contribute in unfunded pension plans	0.9
Pension Contributions	$ 0.7

Restructuring Charges - Changes

Restructuring Charges - Changes to Restructuring Liability by Major Restructuring Activity (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Restructuring Cost And Reserve [Line Items]
Beginning balance				$ 4,513
Restructuring charges		$ 11,259	$ 1,702	12,370	$ 6,845
Cash payments				(4,027)
Non-cash items	[1]			(5,152)
Adjustment to liability				(683)
Ending balance		7,021		7,021
GES | Severance & Employee Benefits
Restructuring Cost And Reserve [Line Items]
Beginning balance				2,935
Restructuring charges				5,332
Cash payments				(3,261)
Adjustment to liability				(54)
Ending balance		4,952		4,952
GES | Facilities
Restructuring Cost And Reserve [Line Items]
Beginning balance				1,339
Restructuring charges				6,039
Cash payments				(197)
Non-cash items	[1]			(5,152)
Adjustment to liability				(17)
Ending balance		2,012		2,012
Other Restructuring | Severance & Employee Benefits
Restructuring Cost And Reserve [Line Items]
Beginning balance				239
Restructuring charges				999
Cash payments				(569)
Adjustment to liability				(612)
Ending balance		$ 57		$ 57
[1]	(1) Represents the FX impact related to the closure and liquidation of GES’ United Kingdom-based audio-visual services business during the three months ended September 30, 2020.

Restructuring Charges - Narrati

Restructuring Charges - Narrative (Details) $ in Millions	Sep. 30, 2020USD ($)
Restructuring And Related Activities [Abstract]
Payments of liabilities related to severance and employee benefits	$ 1.5

Leases and Other - Summary of B

Leases and Other - Summary of Balance Sheet Presentation of Operating and Finance Leases (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Lessee Lease Description [Line Items]
Operating lease assets	$ 88,394	$ 103,314
Finance lease assets	22,786	25,350
Total lease assets	111,180	128,664
Operating lease obligations	17,872	22,180
Finance lease obligations	2,895
Operating lease obligations	73,688	82,851
Finance lease obligations	20,123
Total lease liabilities	114,578	130,288
Operating Lease Right-of-Use Assets
Lessee Lease Description [Line Items]
Operating lease assets	88,394	103,314
Property and Equipment, Net
Lessee Lease Description [Line Items]
Finance lease assets	22,786	25,350
Operating Lease Obligations
Lessee Lease Description [Line Items]
Operating lease obligations	17,872	22,180
Current Portion of Debt and Finance Lease Obligations
Lessee Lease Description [Line Items]
Finance lease obligations	2,895	3,386
Long-Term Operating Lease Obligations
Lessee Lease Description [Line Items]
Operating lease obligations	73,688	82,851
Long-Term Debt and Finance Lease Obligations
Lessee Lease Description [Line Items]
Finance lease obligations	$ 20,123	$ 21,871

Leases and Other - Components o

Leases and Other - Components of Least Expenses (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Finance lease cost:
Amortization of right-of-use assets		$ 926	$ 697	$ 2,767	$ 1,895
Interest on lease liabilities		429	130	1,258	379
Operating lease cost		6,596	6,625	20,235	19,456
Short-term lease cost		123	571	465	1,348
Variable lease cost		1,557	1,478	4,615	4,695
Sublease income	[1]		226
Total lease cost, net		$ 9,631	$ 9,727	$ 29,340	$ 27,773
[1]

Leases and Other - Schedule of

Leases and Other - Schedule of Other Information Related to Operating and Finance Leases (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$ 5,644	$ 7,250	$ 18,268	$ 20,853
Operating cash flows from finance leases	839	210	1,705	459
Financing cash flows from finance leases	665	525	2,235	1,537
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	(3,059)	49,123	1,018	62,375
Finance leases	$ 126	$ 14,893	$ 1,894	$ 35,844
Weighted-average remaining lease term (years):
Operating leases	8 years 3 months 18 days		8 years 3 months 18 days		8 years 2 months 1 day
Finance leases	13 years 6 months 29 days		13 years 6 months 29 days		14 years 3 days
Weighted-average discount rate:
Operating leases	5.89%		5.89%		5.77%
Finance leases	7.91%		7.91%		7.73%

Leases and Other - Schedule o_2

Leases and Other - Schedule of Estimated Future Minimum Lease Payments Under Non-cancelable Leases Excluding Variable Leases and Variable Non-lease Components (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Leases [Abstract]
Remainder of 2020	$ 6,188
2021	20,043
2022	15,844
2023	13,407
2024	10,265
Thereafter	54,410
Total future lease payments	120,157
Less: Amount representing interest	(28,597)
Present value of minimum lease payments	91,560
Current portion	17,872	$ 22,180
Long-term portion	73,688	82,851
Remainder of 2020	1,458
2021	4,284
2022	3,796
2023	3,276
2024	2,609
Thereafter	23,556
Total future lease payments	38,979
Less: Amount representing interest	(15,961)
Present value of minimum lease payments	23,018	25,257
Current portion	2,895
Long-term portion	20,123
Remainder of 2020	7,646
2021	24,327
2022	19,640
2023	16,683
2024	12,874
Thereafter	77,966
Total future lease payments	159,136
Less: Amount representing interest	(44,558)
Total lease liabilities	114,578	$ 130,288
Current portion	20,767
Long-term portion	$ 93,811

Leases and Other - Schedule o_3

Leases and Other - Schedule of Estimated Future Minimum Rentals Under Non-cancellable Leases (Details) $ in Thousands	Sep. 30, 2020USD ($)
Leases [Abstract]
Remainder of 2020	$ 431
2021	1,499
2022	1,046
2023	830
2024	612
Thereafter	1,765
Total minimum rents	$ 6,183

Leases and Other - Narrative (D

Leases and Other - Narrative (Details)	9 Months Ended
	Sep. 30, 2020
Lessee Lease Description [Line Items]
Operating lease not yet commenced, description	we had executed certain facility and land leases for which we did not have control of the underlying assets. Accordingly, we did not record the lease liabilities and right-of-use assets on our Condensed Consolidated Balance Sheets. These leases include future planned attractions for Pursuit that are currently in the planning or development phase and that we expect the lease commencement dates to begin between fiscal years 2021 and 2022 with lease terms of 15 to 47 years
Minimum [Member]
Lessee Lease Description [Line Items]
Operating lease not yet commenced, term of contract	15 years
Maximum
Lessee Lease Description [Line Items]
Operating lease not yet commenced, term of contract	47 years

Litigation, Claims, Contingen_2

Litigation, Claims, Contingencies and Other - Narrative (Details)	3 Months Ended		9 Months Ended
	Sep. 30, 2020USD ($)	Sep. 30, 2019USD ($)	Sep. 30, 2020USD ($)Agreement	Sep. 30, 2019USD ($)
Loss Contingencies [Line Items]
Legal settlement				$ 8,500,000
Environmental remediation liability	$ 2,200,000		$ 2,200,000
Maximum potential amount of future payments	75,500,000		$ 75,500,000
Guarantees relate to facilities and equipment leased by the company			2040-01
Recourse provision to recover guarantees	0		$ 0
Bargaining agreements | Agreement			100
Multiemployer plans, withdrawal obligation	15,500,000		$ 15,500,000
Multiemployer plans other withdrawal obligation	200,000		200,000
Self insurance reserve	14,300,000		14,300,000
Workers' compensation liability	9,800,000		9,800,000
Self insurance reserve for general and auto	4,500,000		4,500,000
Self insurance reserve on discontinued operations	2,200,000		2,200,000
Estimated employee health benefit claims incurred but not yet reported	1,500,000		1,500,000
Payments for self insurance	1,600,000	$ 2,000,000	4,400,000	$ 5,300,000
Self insurance reserve in which company is the primary obligor	10,000,000		10,000,000
Self insurance reserve in which company is the primary obligor for workers compensation	6,500,000		6,500,000
Self insurance reserve in which company is the primary obligor for general liability	3,500,000		3,500,000
Minimum
Loss Contingencies [Line Items]
General range on claims	200,000		200,000
Maximum
Loss Contingencies [Line Items]
General range on claims	$ 500,000		500,000
GES
Loss Contingencies [Line Items]
Legal settlement			$ 8,500,000

Redeemable Noncontrolling Int_3

Redeemable Noncontrolling Interest - Narrative (Details) - Esja Attractions ehf. - EUR (€)	9 Months Ended
	Sep. 30, 2020	Nov. 03, 2017
Redeemable Noncontrolling Interest [Line Items]
Percentage of controlling interest acquired		54.50%
EBITDA trailing period	12 months
Put option right of exercisable period upon earnings	36 months
Redeemable noncontrolling interest conditions	The put option is only exercisable after 36 months of business operation (the “Reference Date”) and if the FlyOver Iceland attraction has earned a minimum of €3.25 million in unadjusted EBITDA during the most recent fiscal year and during the trailing 12-month period prior to exercise (the “Put Option Condition”). The put option is exercisable during a period of 12 months following the Reference Date (the “Option Period”) if the Put Option Condition has been met. If the Put Option Condition has not been met during the first Option Period, the Reference Date will be extended for an additional 12 months up to three times. If after 72 months, the FlyOver Iceland attraction has not achieved the Put Option Condition, the put option expires. If the Put Option Condition is met during any of the Option Periods, yet the shares are not exercised prior to the end of the 12-month Option Period, the put option will expire.
Put option exercisable period	12 months
Put option additional exercisable period upon not meeting of conditions	12 months
FlyOver Iceland
Redeemable Noncontrolling Interest [Line Items]
Put option expiration period	72 months
FlyOver Iceland | Minimum [Member]
Redeemable Noncontrolling Interest [Line Items]
Unadjusted EBITDA	€ 3,250,000

Redeemable Noncontrolling Int_4

Redeemable Noncontrolling Interest - Summary of Changes in Redeemable Noncontrolling Interest (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Noncontrolling Interest [Abstract]
Beginning balance			$ 6,172
Net loss attributable to redeemable noncontrolling interest	$ (302)	$ (368)	(1,023)	$ (644)
Adjustment to the redemption value			926
Foreign currency translation adjustment			(804)
Ending balance	$ 5,271		$ 5,271

Segment Information - Reconcili

Segment Information - Reconciliation of Income Statement Items from Reportable Segments (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Reportable segments reconciliations:
Total revenue		$ 63,072	$ 353,743	$ 389,863	$ 1,009,686
Segment operating income (loss)		(9,410)	52,142	(71,803)	82,374
Interest income		58	79	313	260
Interest expense		(5,508)	(3,740)	(14,712)	(9,612)
Multi-employer pension plan withdrawal				(462)	(15,508)
Other expense		(210)	(281)	(894)	(1,192)
Restructuring recoveries (charges)		(11,259)	(1,702)	(12,370)	(6,845)
Impairment charges		676		203,076
Income (loss) from continuing operations before income taxes		(27,005)	46,498	(303,004)	40,977
GES
Reportable segments reconciliations:
Total revenue		14,257	218,700	322,261	808,567
Pursuit
Reportable segments reconciliations:
Total revenue		48,815	135,043	67,602	201,119
Operating Segments
Reportable segments reconciliations:
Segment operating income (loss)		(6,781)	54,806	(65,949)	90,120
Operating Segments | GES
Reportable segments reconciliations:
Total revenue		14,257	218,700	322,261	808,567
Segment operating income (loss)		(18,248)	(11,586)	(39,450)	25,410
Legal settlement					(8,500)
Operating Segments | Pursuit
Reportable segments reconciliations:
Total revenue		48,815	135,043	67,602	201,119
Segment operating income (loss)		11,467	66,392	(26,499)	64,710
Restructuring recoveries (charges)		12		(45)
Impairment charges				(1,757)
Intersegment Eliminations | GES
Reportable segments reconciliations:
Total revenue		(284)	(5,724)	(3,258)	(14,731)
Intersegment Eliminations | Pursuit
Reportable segments reconciliations:
Total revenue		(144)	(671)	(261)	(1,355)
Corporate Eliminations
Reportable segments reconciliations:
Segment operating income (loss)	[1]	16	16	48	49
Corporate
Reportable segments reconciliations:
Segment operating income (loss)		(2,645)	(2,680)	(5,902)	(7,795)
Restructuring recoveries (charges)		(585)	(62)	(954)	(205)
EMEA | Operating Segments | GES
Reportable segments reconciliations:
Total revenue		2,774	39,300	52,096	156,473
Segment operating income (loss)		(7,262)	(3,024)	(11,256)	2,775
Restructuring recoveries (charges)		(8,376)	(759)	(9,094)	(1,501)
Impairment charges		(676)		(30,225)
North America | Operating Segments | GES
Reportable segments reconciliations:
Total revenue		11,767	185,124	273,423	666,825
Segment operating income (loss)		(10,986)	(8,562)	(28,194)	22,635
Restructuring recoveries (charges)		$ (2,310)	$ (881)	(2,277)	$ (5,139)
Impairment charges				$ (171,094)
[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.

Common and Preferred Stock - Na

Common and Preferred Stock - Narrative (Details) - USD ($)	Aug. 05, 2020	Mar. 29, 2020	Sep. 30, 2020	Sep. 30, 2020	Sep. 30, 2019	Feb. 07, 2019
Class Of Stock [Line Items]
Preferred stock dividend rate percentage		10.00%
Frequency of periodic payment of cumulative dividend	quarterly
Common Stock Repurchases (Textual) [Abstract]
Authorized repurchase of additional shares						500,000
Repurchased shares				53,784	0
Shares remain available for repurchase			546,283	546,283
Common stock purchased for treasury				$ 2,800,000
Dividends payable, date of record		Apr. 13, 2020
Preferred stock, voting rights		one preferred stock purchase right per each outstanding share of Viad common stock to purchase one one-hundredth of a share
Preferred stock exercise price		$ 115,000
Preferred stock, redemption price per share		$ 0.01
Preferred stock, redemption date		Feb. 28, 2021
Convertible Series A 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 kind			$ 1,100,000
Crestview Partners | Convertible Series A Preferred Stock
Class Of Stock [Line Items]
Convertible Preferred Stock, Shares Issued upon Conversion	135,000
Preferred Stock, Par value	$ 0.01
Purchase price	$ 135,000,000
Shares issued, price per share	$ 1,000
Delayed draw commitment	$ 45,000,000
Capital raising expense	$ 9,200,000