Share-Based Compensation

6 Months Ended

Jun. 30, 2024

Share-Based Payment Arrangement [Abstract]

Note 3. Share-Based Compensation

We grant share-based compensation awards to our officers, directors, and certain key employees pursuant to the 2017 Viad Corp Omnibus Incentive Plan, as amended (the “2017 Plan”). The 2017 Plan has a 10-year term and provides for the following types of awards: (a) incentive and non-qualified stock options; (b) restricted stock awards and restricted stock units; (c) performance units or performance shares; (d) stock appreciation rights; (e) cash-based awards; and (f) certain other stock-based awards. As of June 30, 2024, there were 575,073 shares available for future grant under the 2017 Plan.

The following table summarizes share-based compensation expense:


	Three Months Ended						Six Months Ended
	June 30,						June 30,
(in thousands)	2024			2023			2024			2023
Performance-based restricted stock units	$	1,461		$	819		$	2,403		$	1,641
Restricted stock awards and restricted stock units		2,110			1,681			4,025			3,324
Stock options		108			347			358			947
Share-based compensation expense before income tax		3,679			2,847			6,786			5,912
Income tax benefit (1)		(74	)		(44	)		(150	)		(66	)
Share-based compensation expense, net of income tax	$	3,605		$	2,803		$	6,636		$	5,846

We do not record a tax benefit on the expense in the United States where we have a valuation allowance.