Acquisition of Business (Tables)

9 Months Ended

Sep. 30, 2014

Business Combinations [Abstract]

Assets Acquired and Liabilities Assumed

(in thousands)
Purchase price paid as:
Cash			$	16,544
Working capital adjustment payable			320
Total purchase price			16,864
Fair value of net assets acquired:
Prepaid expenses	$	24
Inventory	1,374
Property and equipment, net	14,510
Intangible assets	189
Total assets acquired	16,097
Accrued liabilities	35
Customer deposits	402
Other liabilities	64
Total liabilities acquired	501
Total fair value of net assets acquired			15,596
Excess purchase price over fair value of net assets acquired (“goodwill”)			$	1,268

(in thousands)
Purchase price			$	24,415
Cash acquired			(190		)
Purchase price, net of cash acquired			$	24,225
Fair value of net assets acquired:
Accounts receivable, net	$	264
Inventory	433
Prepaid expenses	410
Property and equipment, net	5,892
Intangible assets	9,636
Total assets acquired	16,635
Accounts payable	1,232
Accrued liabilities	2,246
Customer deposits	199
Deferred tax liability	767
Revolving credit facility	488
Accrued dilapidations	589
Total liabilities acquired	5,521
Total fair value of net assets acquired			11,114
Excess purchase price over fair value of net assets acquired (“goodwill”)			$	13,111

Pro Forma Information

The following table summarizes the unaudited pro forma results of operations attributable to Viad, assuming that the acquisitions above had each been completed on January 1, 2013:

	Three Months Ended   September 30,				Nine Months Ended   September 30,
(in thousands, except per share data)	2014		2013		2014		2013
Revenue	$	302,362	$	228,080	$	856,462	$	771,241
Depreciation and amortization	8,794		8,328		24,969		24,468
Income from continuing operations	31,003		8,787		47,427		22,562
Net income attributable to Viad	29,075		11,294		57,119		24,743
Diluted net income per share	1.45		0.56		2.82		1.22
Basic net income per share	1.45		0.56		2.82		1.22