Discontinued Operations

12 Months Ended

Dec. 31, 2016

Discontinued Operations And Disposal Groups [Abstract]

Discontinued Operations

Note 23. Discontinued Operations

In 2016, Viad recorded losses from discontinued operations of $0.7 million due to reserve adjustments and legal fees related to previously sold 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, Inc.

On December 31, 2013, Glacier Park, Inc.’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, Inc. This resulted in a gain of approximately $0.7 million, net of tax.

The following summarizes Glacier Park, Inc.’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
(in thousands)	December 31, 2014
Costs and expenses	$	(93	)
Loss from discontinued operations, before income taxes		(93	)
Income tax benefit		45
Loss from discontinued operations, net of tax		(48	)
Gain on sale of discontinued operations, net of tax		13,343
Income from discontinued operations		13,295
Income from discontinued operations attributable to noncontrolling interest		(2,825	)
Income from discontinued operations attributable to Viad	$	10,470

For the year ended December 31, 2014, Viad 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.

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

	Year Ended December 31,
(in thousands)	2016		2015		2014
Income from continuing operations	$	526	$	442	$	388
Income from discontinued operations		—		—		2,825
Net income attributable to noncontrolling interest	$	526	$	442	$	3,213