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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenue:        
Total revenue $ 378,538 $ 320,311 $ 652,035 $ 581,102
Costs and expenses:        
Corporate activities 5,422 3,511 9,855 6,676
Gain on sale of ON Services 0 204 0 204
Interest expense, net 12,585 12,356 24,430 24,605
Other expense, net 442 448 880 979
Restructuring (recoveries) charges (825) 192 (709) [1] 645
Total costs and expenses 342,709 303,562 641,495 586,263
Income (loss) from continuing operations before income taxes 35,829 16,749 10,540 (5,161)
Income tax expense 5,851 5,028 6,738 4,450
Income (loss) from continuing operations 29,978 11,721 3,802 (9,611)
Income (loss) from discontinued operations 900 (143) 833 (201)
Net income (loss) 30,878 11,578 4,635 (9,812)
Comprehensive income attributable to non-redeemable noncontrolling interest (1,807) (903) (884) (505)
Net loss attributable to redeemable noncontrolling interest 240 286 443 409
Net income (loss) attributable to Viad $ 29,311 $ 10,961 $ 4,194 $ (9,908)
Diluted income (loss) per common share:        
Continuing operations attributable to Viad common stockholders $ 0.93 $ 0.34 $ (0.03) $ (0.65)
Discontinued operations attributable to Viad common stockholders 0.04 (0.01) 0.04 (0.01)
Net income (loss) attributable to Viad common stockholders [2] $ 0.97 $ 0.33 $ 0.01 $ (0.66)
Weighted-average outstanding and potentially dilutive common shares 21,521 20,975 21,467 20,796
Basic income (loss) per common share:        
Continuing operations attributable to Viad common stockholders $ 0.94 $ 0.34 $ (0.03) $ (0.65)
Discontinued operations attributable to Viad common stockholders 0.04 (0.01) 0.04 (0.01)
Net income (loss) attributable to Viad common stockholders $ 0.98 $ 0.33 $ 0.01 $ (0.66)
Weighted-average outstanding common shares 21,126 20,840 21,078 20,796
Amounts attributable to Viad        
Income (loss) from continuing operations $ 28,411 $ 11,104 $ 3,361 $ (9,707)
Income (loss) from discontinued operations 900 (143) 833 (201)
Net income (loss) attributable to Viad 29,311 10,961 4,194 (9,908)
Services        
Revenue:        
Total revenue 309,960 262,339 536,890 480,479
Costs and expenses:        
Costs and expenses 263,279 232,412 500,585 458,615
Products        
Revenue:        
Total revenue 68,578 57,972 115,145 100,623
Costs and expenses:        
Costs and expenses $ 61,806 $ 54,439 $ 106,454 $ 94,539
[1] During the three months ended June 30, 2024, we reversed a prior year accrual of $1.5 million related to a certain multi-employer pension fund.
[2] Diluted loss per share amount cannot exceed basic loss per share.