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Restructuring Charges

3 Months Ended

Mar. 31, 2012

Note 15. Restructuring Charges

During the three months ended March 31, 2012, Viad recorded aggregate restructuring charges of $2.2 million primarily related to facility consolidations and the elimination of certain positions in the Marketing & Events Group. The amounts included in the restructuring liability as of March 31, 2012 related to future lease obligations will be paid over the remaining lease terms, and severance and employee benefits are expected to be paid by the end of 2012. The table below represents a reconciliation of Viad’s restructuring liability by major restructuring activity:


	Marketing & Events
	Group Consolidation						Other Restructurings
	Severance &						Severance &
	Employee						Employee
	Benefits			Facilities			Benefits			Facilities		Total
	(in thousands)
Balance at January 1, 2012	$	831		$	4,819		$	24		$	1,276	$	6,950
Restructuring charges		421			1,804			—			—		2,225
Cash payments, net		(198	)		(650	)		(24	)		63		(809	)
Adjustment to liability		—			(54	)		—			—		(54	)

Balance at March 31, 2012	$	1,054		$	5,919		$	—		$	1,339	$	8,312

- Definition

The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled.

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