Discontinued Operations

12 Months Ended

Dec. 31, 2015

Discontinued Operations And Disposal Groups [Abstract]

Discontinued Operations

Note 24. Discontinued Operations

In 2015, Viad recorded losses from discontinued operations of $0.4 million due to reserve adjustments and legal fees related to previously sold operations. In 2014, Viad recorded income from discontinued operations of $13.3 million primarily related to the gain on the possessory interest and personal property at Glacier Park. The Company’s 2013 results related to the operations of Glacier Park’s concession contract business have been reclassified as discontinued operations in Viad’s Consolidated Statements of Operations. For the year ended 2013, Viad recorded income from discontinued operations of $1.2 million related to Glacier Park income.

On December 31, 2013, Glacier Park’s concession contract with the Park Service to operate lodging, tour and transportation and other hospitality services within Glacier National Park expired. Upon completion of the contract, the Company received cash payments in January 2014 totaling $25.0 million resulting in a pre-tax gain of $21.5 million for the Company’s possessory interest. The gain after-tax on the possessory interest was $13.5 million with $2.7 million attributable to the noncontrolling interest. These amounts are included in income (loss) from discontinued operations and net income attributable to noncontrolling interest in Viad’s Consolidated Statements of Operations. In September 2014, the Company received $3.0 million in cash for the sale of the remaining personal property assets held for sale at Glacier Park. This resulted in a gain of approximately $0.7 million, net of tax.

The following summarizes Glacier Park’s expired concession contract operating results, which are presented in income (loss) from discontinued operations, net of tax, in Viad’s Consolidated Statements of Operations: 

	Year Ended December 31,
(in thousands)	2014			2013
Total revenue	$	—		$	19,445
Costs and expenses		(93	)		(15,462	)
Impairment charges		—			(2,364	)
Restructuring charges		—			(98	)
Income (loss) from discontinued operations, before income taxes		(93	)		1,521
Income tax benefit (expense)		45			(280	)
Income (loss) from discontinued operations, net of tax		(48	)		1,241
Gain on sale of discontinued operations, net of tax		13,343			—
Income from discontinued operations		13,295			1,241
Income from discontinued operations attributable to noncontrolling interest		(2,825	)		(248	)
Income from discontinued operations attributable to Viad	$	10,470		$	993

For the year ended December 31, 2013, the Company recorded a non-cash impairment charge of $4.5 million representing all goodwill at the Glacier Park reporting unit, of which $2.1 million related to continuing operations and $2.4 million related to discontinued operations. Additionally, for the year ended December 31, 2013, the Company recorded other asset impairment charges of $1.0 million at the Marketing & Events Group related to the write-off of certain assets within the Marketing & Events Group.

For the year ended December 31, 2014, Viad also recorded income from discontinued operations, net of tax, of $1.1 million primarily due to additional reserves related to certain liabilities associated with previously sold operations and an insurance recovery. For the year ended December 31, 2013, Viad recorded income from discontinued operations, net of tax, of $1.1 million primarily related to the sale of land associated with previously sold operations.

The following is a reconciliation of net income attributable to the noncontrolling interest: 

	Year Ended December 31,
(in thousands)	2015		2014		2013
Income (loss) from continuing operations	$	442	$	388	$	(117	)
Income from discontinued operations		—		2,825		248
Net income attributable to noncontrolling interest	$	442	$	3,213	$	131