Segment Information (Tables)

6 Months Ended

Jun. 30, 2024

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						Six Months Ended
	June 30,						June 30,
(in thousands)	2024			2023			2024			2023
Revenue:
Pursuit	$	101,201		$	88,474		$	138,432		$	121,137
GES:
Spiro		99,132			80,368			160,380			140,730
GES Exhibitions		180,977			154,534			356,817			324,031
GES intersegment eliminations		(2,772	)		(3,065	)		(3,594	)		(4,796	)
Total GES		277,337			231,837			513,603			459,965
Total revenue	$	378,538		$	320,311		$	652,035		$	581,102
Segment operating income (loss):
Pursuit	$	12,638		$	9,811		$	(11,193	)	$	(9,301	)
GES:
Spiro		17,517			8,279			21,518			11,453
GES Exhibitions		23,282			15,354			34,639			25,764
Total GES		40,799			23,633			56,157			37,217
Total		53,437			33,444			44,964			27,916
Corporate eliminations (1)		16			16			32			32
Corporate activities		(5,422	)		(3,511	)		(9,855	)		(6,676	)
Gain on sale of ON Services		—			(204	)		—			(204	)
Interest expense, net		(12,585	)		(12,356	)		(24,430	)		(24,605	)
Other expense, net		(442	)		(448	)		(880	)		(979	)
Restructuring (charges) recoveries:
Pursuit		(1	)		(2	)		(1	)		(9	)
Spiro		(148	)		(39	)		(190	)		(176	)
GES Exhibitions		974			(151	)		900			(460	)
Income (loss) from continuing operations before income taxes	$	35,829		$	16,749		$	10,540		$	(5,161	)

(1)Corporate eliminations represent the elimination of depreciation expense recorded by Pursuit associated with previously eliminated intercompany profit realized by GES for renovations to Pursuit’s Banff Gondola.

Reconciliation of assets from reportable segments

Additional information of our reportable segments is as follows:

	Three Months Ended				Six Months Ended June 30,
	June 30,				June 30,
(in thousands)	2024		2023		2024		2023
Depreciation:
Pursuit	$	9,942	$	8,279	$	18,565	$	16,413
Spiro		508		600		1,069		1,100
GES Exhibitions		2,244		1,640		4,365		3,318
Corporate		29		19		56		39
	$	12,723	$	10,538	$	24,055	$	20,870
Amortization:
Pursuit	$	1,211	$	1,294	$	2,324	$	2,455
Spiro		76		62		154		125
GES Exhibitions		787		910		1,584		1,829
	$	2,074	$	2,266	$	4,062	$	4,409
Capital expenditures:
Pursuit	$	14,443	$	17,588	$	30,830	$	25,315
Spiro		560		618		940		1,265
GES Exhibitions		2,132		2,590		6,083		5,598
Corporate		6		13		9		15
	$	17,141	$	20,809	$	37,862	$	32,193