(UNAUDITED)<\/b><\/td>\n<\/tr>\n\n | <\/tr>\n
\n | \n | \n\n \nThree months ended March 31,<\/p>\n<\/td>\n | | <\/tr>\n
\n| (in thousands, except per share data)<\/td>\n | | \n\n \n2023<\/p>\n<\/td>\n | | \n\n \n2022<\/p>\n<\/td>\n | | \n\n \n$ Change<\/p>\n<\/td>\n | | \n\n \n% Change<\/p>\n<\/td>\n | | <\/tr>\n
\n | \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n |
\n| Revenue:<\/b><\/td>\n | | \n | \n | \n | \n | \n | \n | \n | \n | <\/tr>\n
\n| Pursuit<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n32,663<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n23,784<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n8,879<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n37.3<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | | <\/tr>\n
\n| GES:<\/td>\n | | \n | \n | \n | \n | \n | \n | \n | \n | <\/tr>\n
\n| Spiro<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n60,362<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n42,816<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n17,546<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n41.0<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | | <\/tr>\n
\n| GES Exhibitions<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n169,497<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n111,831<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n57,666<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n51.6<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | | <\/tr>\n
\n| Inter-segment eliminations<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(1,731<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(1,071<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(660<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n-61.6<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | | <\/tr>\n
\n| Total GES<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n228,128<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n153,576<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n74,552<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n48.5<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | | <\/tr>\n
\n| Total revenue<\/b><\/td>\n | | \n\n $<\/b><\/p>\n<\/td>\n | \n 260,791<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n $<\/b><\/p>\n<\/td>\n | \n 177,360<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n $<\/b><\/p>\n<\/td>\n | \n 83,431<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n 47.0<\/b><\/p>\n<\/td>\n | \n %<\/b><\/p>\n<\/td>\n | | <\/tr>\n
\n | \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n |
\n| Segment operating loss:<\/b><\/td>\n | | \n | \n | \n | \n | \n | \n | \n | \n | <\/tr>\n
\n| Pursuit<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n(19,112<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n(21,198<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n2,086<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n9.8<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | | <\/tr>\n
\n| GES:<\/td>\n | | \n | \n | \n | \n | \n | \n | \n | \n | <\/tr>\n
\n| Spiro<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n3,174<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(239<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n3,413<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n**<\/td>\n | | <\/tr>\n
\n| GES Exhibitions<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n10,410<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(1,355<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n11,765<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n**<\/td>\n | | <\/tr>\n
\n| Total GES<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n13,584<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(1,594<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n15,178<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n**<\/td>\n | | <\/tr>\n
\n| Segment operating loss<\/b><\/td>\n | | \n\n $<\/b><\/p>\n<\/td>\n | \n (5,528<\/b><\/p>\n<\/td>\n | \n )<\/b><\/p>\n<\/td>\n | | \n\n $<\/b><\/p>\n<\/td>\n | \n (22,792<\/b><\/p>\n<\/td>\n | \n )<\/b><\/p>\n<\/td>\n | | \n\n $<\/b><\/p>\n<\/td>\n | \n 17,264<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n 75.7<\/b><\/p>\n<\/td>\n | \n %<\/b><\/p>\n<\/td>\n | | <\/tr>\n
\n| Corporate eliminations<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n16<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n17<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(1<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n-5.9<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | | <\/tr>\n
\n| Corporate activities<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(3,165<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(2,673<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(492<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n-18.4<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | | <\/tr>\n
\n| Restructuring charges<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(453<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(654<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n201<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n30.7<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | | <\/tr>\n
\n| Impairment charges<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n–<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(583<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n583<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n-100.0<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | | <\/tr>\n
\n| Other expense<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(531<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(638<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n107<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n16.8<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | | <\/tr>\n
\n| Net interest expense (Note A)<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(12,249<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(5,877<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(6,372<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n**<\/td>\n | | <\/tr>\n
\n| Loss from continuing operations before income taxes<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(21,910<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(33,200<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n11,290<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n34.0<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | | <\/tr>\n
\n| Income tax benefit (Note B)<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n578<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n2,582<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(2,004<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n-77.6<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | | <\/tr>\n
\n| Loss from continuing operations<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(21,332<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(30,618<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n9,286<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n30.3<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | | <\/tr>\n
\n| Income (loss) from discontinued operations<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(58<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n275<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(333<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n**<\/td>\n | | <\/tr>\n
\n| Net loss<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(21,390<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(30,343<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n8,953<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n29.5<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | | <\/tr>\n
\n| Net loss attributable to noncontrolling interest<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n398<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n1,204<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(806<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n-66.9<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | | <\/tr>\n
\n| Net loss attributable to redeemable noncontrolling interest<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n123<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n138<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(15<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n-10.9<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | | <\/tr>\n
\n| Net loss attributable to Viad<\/b><\/td>\n | | \n\n $<\/b><\/p>\n<\/td>\n | \n (20,869<\/b><\/p>\n<\/td>\n | \n )<\/b><\/p>\n<\/td>\n | | \n\n $<\/b><\/p>\n<\/td>\n | \n (29,001<\/b><\/p>\n<\/td>\n | \n )<\/b><\/p>\n<\/td>\n | | \n\n $<\/b><\/p>\n<\/td>\n | \n 8,132<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n 28.0<\/b><\/p>\n<\/td>\n | \n %<\/b><\/p>\n<\/td>\n | | <\/tr>\n
\n | \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n |
\n| Amounts Attributable to Viad:<\/b><\/td>\n | | \n | \n | \n | \n | \n | \n | \n | \n | <\/tr>\n
\n| Loss from continuing operations<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n(20,811<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n(29,276<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n8,465<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n28.9<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | | <\/tr>\n
\n| Income (loss) from discontinued operations<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(58<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n275<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(333<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n**<\/td>\n | | <\/tr>\n
\n| Net loss<\/b><\/td>\n | | \n\n $<\/b><\/p>\n<\/td>\n | \n (20,869<\/b><\/p>\n<\/td>\n | \n )<\/b><\/p>\n<\/td>\n | | \n\n $<\/b><\/p>\n<\/td>\n | \n (29,001<\/b><\/p>\n<\/td>\n | \n )<\/b><\/p>\n<\/td>\n | | \n\n $<\/b><\/p>\n<\/td>\n | \n 8,132<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n 28.0<\/b><\/p>\n<\/td>\n | \n %<\/b><\/p>\n<\/td>\n | | <\/tr>\n
\n | \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n |
\n| Loss per common share attributable to Viad (Note C):<\/b><\/td>\n | | \n | \n | \n | \n | \n | \n | \n | \n | <\/tr>\n
\n| Basic loss per common share<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n(1.10<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n(1.53<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n0.43<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n28.1<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | | <\/tr>\n
\n| Diluted loss per common share<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n(1.10<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n(1.53<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n0.43<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n28.1<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | | <\/tr>\n
\n | \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n |
\n| Weighted-average common shares outstanding:<\/b><\/td>\n | | \n | \n | \n | \n | \n | \n | \n | \n | <\/tr>\n
\n| Basic weighted-average outstanding common shares<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n20,751<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n20,518<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n233<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n1.1<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | | <\/tr>\n
\n| Additional dilutive shares related to share-based compensation<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n–<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n–<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n–<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n**<\/td>\n | | <\/tr>\n
\n| Diluted weighted-average outstanding common shares<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n20,751<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n20,518<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n233<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n1.1<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | | <\/tr>\n
\n | \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n |
\n| Adjusted EBITDA* by Reportable Segment:<\/b><\/td>\n | | \n | \n | \n | \n | \n | \n | \n | \n | <\/tr>\n
\n| Pursuit<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n(10,315<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n(11,498<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n1,183<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n10.3<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | | <\/tr>\n
\n| GES:<\/td>\n | | \n | \n | \n | \n | \n | \n | \n | \n | <\/tr>\n
\n| Spiro<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n3,737<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n742<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n2,995<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n**<\/td>\n | | <\/tr>\n
\n| GES Exhibitions<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n13,007<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n1,978<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n11,029<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n**<\/td>\n | | <\/tr>\n
\n| Total GES<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n16,744<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n2,720<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n14,024<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n**<\/td>\n | | <\/tr>\n
\n| Corporate<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(3,037<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(2,534<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(503<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n-19.9<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | | <\/tr>\n
\n| Consolidated Adjusted EBITDA<\/b><\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n 3,392<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n (11,312<\/b><\/p>\n<\/td>\n | \n )<\/b><\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n 14,704<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n**<\/b><\/td>\n | | <\/tr>\n
\n | \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n |
\n | \n | \nAs of March 31,<\/td>\n | | <\/tr>\n
\n| Capitalization Data:<\/b><\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n2023<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n2022<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n$ Change<\/td>\n | | \n% Change<\/td>\n | | <\/tr>\n
\n| Cash and cash equivalents<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n50,818<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n57,902<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(7,084<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n-12.2<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | | <\/tr>\n
\n| Total debt<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n478,422<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n473,845<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n4,577<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n1.0<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | | <\/tr>\n
\n| Viad shareholders’ equity<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(4,248<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(18,169<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n13,921<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n76.6<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | | <\/tr>\n
\n| Non-controlling interests (redeemable and non-redeemable)<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n87,452<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n90,795<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(3,343<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n-3.7<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | | <\/tr>\n
\n| Convertible Series A Preferred Stock (Note D):<\/td>\n | | \n | \n | \n | \n | \n | \n | \n | \n | <\/tr>\n
\n| Convertible preferred stock (including accumulated dividends paid in kind)***<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n141,827<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n141,827<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n–<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n0.0<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | | <\/tr>\n
\n| Equivalent number of common shares<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n6,674<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n6,674<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n–<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n0.0<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | | <\/tr>\n
\n | <\/tr>\n
\n| * Refer to Table Two for a discussion and reconciliation of this non-GAAP financial measure to its most directly comparable GAAP financial measure.<\/td>\n<\/tr>\n |
\n| ** Change is greater than +\/- 100 percent<\/td>\n<\/tr>\n |
\n*** Amount shown excludes transaction costs, which are netted against the value of the preferred shares when presented on Viad’s balance sheet.<\/td>\n<\/tr>\n<\/table>\n\n\nVIAD CORP AND SUBSIDIARIES<\/b><\/td>\n<\/tr>\n\nTABLE ONE – NOTES TO QUARTERLY RESULTS<\/b><\/td>\n<\/tr>\n\n(UNAUDITED)<\/b><\/td>\n<\/tr>\n\n | <\/tr>\n \n| (A)<\/td>\n | Net Interest Expense \u2014 The increase in interest expense during the three months ended March 31, 2023 was primarily due to higher interest rates in 2023, and to a lesser extent to lower capitalized interest recorded during the three months ended March 31, 2023 of $0.3 million as compared to $1.9 million during the three months ended March 31, 2022. On January 4, 2023, we entered into an interest rate cap agreement with an effective date of January 31, 2023 to manage our exposure to interest rate increases on $300 million in borrowings under our 2021 Credit Facility. On February 6, 2023, we entered into the LIBOR Transition Amendment to the 2021 Credit Facility to replace LIBOR with the SOFR.<\/td>\n<\/tr>\n | \n | <\/tr>\n \n| (B)<\/td>\n | Income Tax Benefit \u2013 The effective tax rate was 2.6% for the three months ended March 31, 2023 and 7.8% for the three months ended March 31, 2022. During the quarter ended March 31, 2023, we released the valuation allowance of $2.1 million that was recorded on deferred tax assets associated with certain separate states, which more than offset taxes due in jurisdictions without a valuation allowance. The rates for both periods were lower than the 21% federal rate as a result of excluding the tax benefit in jurisdictions with a valuation allowance.<\/td>\n<\/tr>\n | \n | <\/tr>\n \n| (C)<\/td>\n | Loss per Common Share \u2014 We apply the two-class method in calculating income (loss) per common share as preferred stock and unvested share-based payment awards that contain nonforteitable rights to dividends are considered participating securities. Accordingly, such securities are included in the earnings allocation in calculating income per share.<\/td>\n<\/tr>\n | \n | \nDiluted loss per common share is calculated using the more dilutive of the two-class method or as-converted method. The two-class method uses net income (loss) available to common stockholders and assumes conversion of all potential shares other than participating securities. The as-converted method uses net income (loss) available to common shareholders and assumes conversion of all potential shares including participating securities. Dilutive potential common shares include outstanding stock options, unvested restricted share units and convertible preferred stock.<\/td>\n<\/tr>\n | \n | <\/tr>\n \n | \nAdditionally, the adjustment to the carrying value of redeemable non-controlling interests is reflected in income (loss) per common share.<\/td>\n<\/tr>\n<\/table>\n\n\n | \nThe components of basic and diluted loss per share are as follows:<\/td>\n | | \n | <\/tr>\n \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n | \n | \n | \nThree months ended March 31,<\/td>\n | | <\/tr>\n \n | \n(in thousands)<\/td>\n | | \n\n \n2023<\/p>\n<\/td>\n | | \n\n \n2022<\/p>\n<\/td>\n | | \n\n \n$ Change<\/p>\n<\/td>\n | | \n\n \n% Change<\/p>\n<\/td>\n | | <\/tr>\n \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n | \nNet loss attributable to Viad<\/b><\/td>\n | | \n\n $<\/b><\/p>\n<\/td>\n | \n (20,869<\/b><\/p>\n<\/td>\n | \n )<\/b><\/p>\n<\/td>\n | | \n\n $<\/b><\/p>\n<\/td>\n | \n (29,001<\/b><\/p>\n<\/td>\n | \n )<\/b><\/p>\n<\/td>\n | | \n\n $<\/b><\/p>\n<\/td>\n | \n 8,132<\/b><\/p>\n<\/td>\n | | \n\n 28.0<\/b><\/p>\n<\/td>\n | \n %<\/b><\/p>\n<\/td>\n | | <\/tr>\n \n | \nConvertible preferred stock dividends paid in cash<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(1,950<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(1,950<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n–<\/p>\n<\/td>\n | | \n\n \n0.0<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | | <\/tr>\n \n | \nAdjustment to the redemption value of redeemable noncontrolling interest<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n–<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(351<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n351<\/p>\n<\/td>\n | | \n\n \n-100.0<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | | <\/tr>\n \n | \nUndistributed loss attributable to Viad<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(22,819<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(31,302<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n8,483<\/p>\n<\/td>\n | | \n\n \n27.1<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | | <\/tr>\n \n | \nLess: Allocation to participating securities<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n–<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n–<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n–<\/p>\n<\/td>\n | | \n**<\/td>\n | | <\/tr>\n \n | \nNet loss allocated to Viad common shareholders (basic)<\/b><\/td>\n | | \n\n $<\/b><\/p>\n<\/td>\n | \n (22,819<\/b><\/p>\n<\/td>\n | \n )<\/b><\/p>\n<\/td>\n | | \n\n $<\/b><\/p>\n<\/td>\n | \n (31,302<\/b><\/p>\n<\/td>\n | \n )<\/b><\/p>\n<\/td>\n | | \n\n $<\/b><\/p>\n<\/td>\n | \n 8,483<\/b><\/p>\n<\/td>\n | | \n\n 27.1<\/b><\/p>\n<\/td>\n | \n %<\/b><\/p>\n<\/td>\n | | <\/tr>\n \n | \nAdd: Allocation to participating securities<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n–<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n–<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n–<\/p>\n<\/td>\n | | \n**<\/td>\n | | <\/tr>\n \n | \nNet loss allocated to Viad common shareholders (diluted)<\/b><\/td>\n | | \n\n $<\/b><\/p>\n<\/td>\n | \n (22,819<\/b><\/p>\n<\/td>\n | \n )<\/b><\/p>\n<\/td>\n | | \n\n $<\/b><\/p>\n<\/td>\n | \n (31,302<\/b><\/p>\n<\/td>\n | \n )<\/b><\/p>\n<\/td>\n | | \n\n $<\/b><\/p>\n<\/td>\n | \n 8,483<\/b><\/p>\n<\/td>\n | | \n\n 27.1<\/b><\/p>\n<\/td>\n | \n %<\/b><\/p>\n<\/td>\n | | <\/tr>\n \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n | \nBasic weighted-average outstanding common shares<\/b><\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n 20,751<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n 20,518<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n 233<\/b><\/p>\n<\/td>\n | | \n\n 1.1<\/b><\/p>\n<\/td>\n | \n %<\/b><\/p>\n<\/td>\n | | <\/tr>\n \n | \nAdditional dilutive shares related to share-based compensation<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n–<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n–<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n–<\/p>\n<\/td>\n | | \n**<\/td>\n | | <\/tr>\n \n | \nDiluted weighted-average outstanding common shares<\/b><\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n 20,751<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n 20,518<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n 233<\/b><\/p>\n<\/td>\n | | \n\n 1.1<\/b><\/p>\n<\/td>\n | \n %<\/b><\/p>\n<\/td>\n | | <\/tr>\n \n | <\/tr>\n \n| (D)<\/td>\n | Convertible Series A Preferred Stock \u2014 On August 5, 2020, we entered into an Investment Agreement with funds managed by private equity firm Crestview Partners, relating to the issuance of 135,000 shares of newly issued Convertible Series A Preferred Stock, par value $0.01 per share, for an aggregate purchase price of $135 million or $1,000 per share. The Convertible Series A Preferred Stock carries a 5.5% cumulative quarterly dividend, which is payable in cash or in-kind at Viad\u2019s option and is convertible into shares of our common stock at a conversion price of $21.25 per share.<\/td>\n<\/tr>\n<\/table>\n\n\nVIAD CORP AND SUBSIDIARIES<\/b><\/td>\n<\/tr>\n\nTABLE TWO – NON-GAAP FINANCIAL MEASURES<\/b><\/td>\n<\/tr>\n\n(UNAUDITED)<\/b><\/td>\n<\/tr>\n\n | <\/tr>\n \nIMPORTANT DISCLOSURES REGARDING NON-GAAP FINANCIAL MEASURES<\/b><\/td>\n<\/tr>\n\n | <\/tr>\n \n| This document includes the presentation of “Income (Loss) Before Other Items”, “Adjusted EBITDA”, “Segment Operating Income (Loss)”, and “Adjusted Segment Operating Income (Loss)”, which are supplemental to results presented under accounting principles generally accepted in the United States of America (\u201cGAAP\u201d) and may not be comparable to similarly titled measures presented by other companies. These non-GAAP measures are utilized by management to facilitate period-to-period comparisons and analysis of Viad\u2019s operating performance and should be considered in addition to, but not as substitutes for, other similar measures reported in accordance with GAAP. The use of these non-GAAP financial measures is limited, compared to the GAAP measure of net income attributable to Viad, because they do not consider a variety of items affecting Viad\u2019s consolidated financial performance as reconciled below. Because these non-GAAP measures do not consider all items affecting Viad\u2019s consolidated financial performance, a user of Viad\u2019s financial information should consider net income attributable to Viad as an important measure of financial performance because it provides a more complete measure of the Company\u2019s performance.<\/td>\n<\/tr>\n | \n| \u00a0<\/td>\n<\/tr>\n | \nIncome (Loss) Before Other Items, Segment Operating Income (Loss), and Adjusted Segment Operating Income (Loss) are considered useful operating metrics, in addition to net income attributable to Viad, as potential variations arising from non-operational expenses\/income are eliminated, thus resulting in additional measures considered to be indicative of Viad\u2019s performance. Management believes that the presentation of Adjusted EBITDA provides useful information to investors regarding Viad\u2019s results of operations for trending, analyzing and benchmarking the performance and value of Viad\u2019s business. Management also believes that the presentation of Adjusted EBITDA for acquisitions and other major capital projects enables investors to assess how effectively management is investing capital into major corporate development projects, both from a valuation and return perspective.<\/td>\n<\/tr>\n<\/table>\n\n\n | \n | \nThree months ended March 31,<\/td>\n<\/tr>\n | \n| (in thousands, except per share data)<\/td>\n | | \n\n \n2023<\/p>\n<\/td>\n | | \n\n \n2022<\/p>\n<\/td>\n | | \n$ Change<\/td>\n | | \n% Change<\/td>\n<\/tr>\n | \n| Loss before other items:<\/b><\/td>\n | | \n | \n | \n | \n | \n | \n | \n | <\/tr>\n \n| Net loss attributable to Viad<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n(20,869<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n(29,001<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n8,132<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n28.0<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n<\/tr>\n | \n| (Income) loss from discontinued operations attributable to Viad<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n58<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(275<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n333<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n**<\/td>\n<\/tr>\n | \n| Loss from continuing operations attributable to Viad<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(20,811<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(29,276<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n8,465<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n28.9<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n<\/tr>\n | \n| Restructuring charges, pre-tax<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n453<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n654<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(201<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n-30.7<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n<\/tr>\n | \n| Impairment charges, pre-tax<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n–<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n583<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(583<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n-100.0<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n<\/tr>\n | \n| Acquisition-related costs and other non-recurring expenses, pre-tax (Note A)<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n846<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n857<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(11<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n-1.3<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n<\/tr>\n | \n| Remeasurement of finance lease obligation attributable to Viad, pre-tax (Note B)<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(639<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n–<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(639<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n**<\/td>\n<\/tr>\n | \n| Tax expense (benefit) on above items<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n249<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(77<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n326<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n**<\/td>\n<\/tr>\n | \n| Favorable tax matters<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(2,103<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n–<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(2,103<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n**<\/td>\n<\/tr>\n | \n| Loss before other items<\/b><\/td>\n | | \n\n $<\/b><\/p>\n<\/td>\n | \n (22,005<\/b><\/p>\n<\/td>\n | \n )<\/b><\/p>\n<\/td>\n | | \n\n $<\/b><\/p>\n<\/td>\n | \n (27,259<\/b><\/p>\n<\/td>\n | \n )<\/b><\/p>\n<\/td>\n | | \n\n $<\/b><\/p>\n<\/td>\n | \n 5,254<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n 19.3<\/b><\/p>\n<\/td>\n | \n %<\/b><\/p>\n<\/td>\n<\/tr>\n\n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| The components of loss before other items per share are as follows:<\/td>\n | | \n | \n | \n | \n | \n | \n | \n | <\/tr>\n \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| Loss before other items (as reconciled above)<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(22,005<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(27,259<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n5,254<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n19.3<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n<\/tr>\n | \n| Convertible preferred stock dividends paid in cash<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(1,950<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(1,950<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n–<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n0.0<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n<\/tr>\n | \n| Undistributed loss before other items attributable to Viad (Note C)<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(23,955<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(29,209<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n5,254<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n18.0<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n<\/tr>\n | \n| Less: Allocation to participating securities (Note D)<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n–<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n–<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n–<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n**<\/td>\n<\/tr>\n | \n| Diluted loss before other items allocated to Viad common shareholders<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n(23,955<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n(29,209<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n5,254<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n18.0<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n<\/tr>\n | \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| Diluted weighted-average outstanding common shares<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n20,751<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n20,518<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n233<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n1.1<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n<\/tr>\n | \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| Loss before other items per common share<\/b><\/td>\n | | \n\n $<\/b><\/p>\n<\/td>\n | \n (1.15<\/b><\/p>\n<\/td>\n | \n )<\/b><\/p>\n<\/td>\n | | \n\n $<\/b><\/p>\n<\/td>\n | \n (1.42<\/b><\/p>\n<\/td>\n | \n )<\/b><\/p>\n<\/td>\n | | \n\n $<\/b><\/p>\n<\/td>\n | \n 0.27<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n 19.0<\/b><\/p>\n<\/td>\n | \n %<\/b><\/p>\n<\/td>\n<\/tr>\n\n | <\/tr>\n \n| \u00a0<\/td>\n<\/tr>\n | \n| (A) Acquisition-related costs and other non-recurring expenses include:<\/td>\n | | \n | \n | \n | \n | \n | <\/tr>\n \n | \n | \nThree months ended March 31,<\/td>\n | | \n | \n | \n | <\/tr>\n \n| (in thousands)<\/td>\n | | \n\n \n2023<\/p>\n<\/td>\n | | \n\n \n2022<\/p>\n<\/td>\n | | \n | \n | \n | <\/tr>\n \nAcquisition integration costs – Pursuit1<\/sup><\/td>\n | \n\n \n$<\/p>\n<\/td>\n | \n \n30<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n–<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n | \n | <\/tr>\n\nAcquisition transaction-related costs – Pursuit1<\/sup><\/td>\n | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n32<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n308<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n | \n | <\/tr>\n\nAcquisition transaction-related costs – Corporate2<\/sup><\/td>\n | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(3<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n110<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n | \n | <\/tr>\n\nAttraction start-up costs1, 3<\/sup><\/td>\n | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n692<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n431<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n | \n | <\/tr>\n\nOther non-recurring expenses2, 4<\/sup><\/td>\n | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n95<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n8<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n | \n | <\/tr>\n\n| Acquisition-related and other non-recurring expenses, pre-tax<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n846<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n857<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n | \n | \n | <\/tr>\n \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n1<\/sup> Included in segment operating loss<\/td>\n | \n | \n | \n | \n | \n | \n | \n | <\/tr>\n\n2<\/sup> Included in corporate activities<\/td>\n | \n | \n | \n | \n | \n | \n | \n | <\/tr>\n\n3<\/sup> Includes costs related to the development of Pursuit’s new FlyOver attractions in Chicago and Toronto, and Forest Park Hotel in Canada.<\/td>\n | \n | \n | \n | \n | \n | \n | \n | <\/tr>\n\n4<\/sup> Includes non-capitalizable fees and expenses related to Viad\u2019s credit facility refinancing efforts.<\/td>\n | \n | \n | \n | \n | \n | \n | \n | <\/tr>\n<\/table>\n\n\n| (B)<\/td>\n | Remeasurement of finance lease obligation attributable to Viad represents the non-cash foreign exchange loss\/(gain) included within Cost of Services related to the periodic remeasurement of the Sky Lagoon finance lease obligation that is attributed to Viad\u2019s 51% interest in Sky Lagoon.<\/td>\n<\/tr>\n | \n | <\/tr>\n \n| (C)<\/td>\n | We exclude the adjustment to the redemption value of redeemable noncontrolling interest from the calculation of income before other items per share as it is a non-cash adjustment that does not affect net income or loss attributable to Viad.<\/td>\n<\/tr>\n | \n | <\/tr>\n \n| (D)<\/td>\n | Preferred stock and unvested share-based payment awards that contain nonforteitable rights to dividends are considered participating securities. Accordingly, such securities are included in the earnings allocation in calculating income (loss) before other items per common share unless the effect of such inclusion is anti-dilutive. The following table provides the share data used for calculating the allocation to participating securities if applicable:<\/td>\n<\/tr>\n<\/table>\n\n\n | \n | \nThree months ended March 31,<\/td>\n<\/tr>\n | \n| (in thousands)<\/td>\n | | \n\n \n2023<\/p>\n<\/td>\n | | \n\n \n2022<\/p>\n<\/td>\n<\/tr>\n | \n| Weighted-average outstanding common shares<\/td>\n | | \n\n \n20,751<\/p>\n<\/td>\n | | \n\n \n20,518<\/p>\n<\/td>\n<\/tr>\n | \n| Effect of participating convertible preferred shares (if applicable)<\/td>\n | | \n\n \n–<\/p>\n<\/td>\n | | \n\n \n–<\/p>\n<\/td>\n<\/tr>\n | \n| Effect of participating non-vested shares (if applicable)<\/td>\n | | \n\n \n–<\/p>\n<\/td>\n | | \n\n \n–<\/p>\n<\/td>\n<\/tr>\n | \n| Weighted-average shares including effect of participating interests (if applicable)<\/td>\n | | \n\n \n20,751<\/p>\n<\/td>\n | | \n\n \n20,518<\/p>\n<\/td>\n<\/tr>\n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| ** Change is greater than +\/- 100 percent<\/td>\n | | \n | \n | \n | <\/tr>\n<\/table>\n\n\nVIAD CORP AND SUBSIDIARIES<\/b><\/td>\n<\/tr>\n\nTABLE TWO – NON-GAAP FINANCIAL MEASURES (CONTINUED)<\/b><\/td>\n<\/tr>\n\n(UNAUDITED)<\/b><\/td>\n<\/tr>\n\n | <\/tr>\n \n | \n | \nThree months ended March 31,<\/td>\n | | <\/tr>\n \n| ($ in thousands)<\/td>\n | | \n\n \n2023<\/p>\n<\/td>\n | | \n\n \n2022<\/p>\n<\/td>\n | | \n$ Change<\/td>\n | | \n% Change<\/td>\n | | <\/tr>\n \n | \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| Viad Consolidated:<\/b><\/td>\n | | \n | \n | \n | \n | \n | \n | \n | \n | <\/tr>\n \n| Revenue<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n260,791<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n177,360<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n83,431<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n47.0<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | | <\/tr>\n \n | \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| Net loss attributable to Viad<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n(20,869<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n(29,001<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n8,132<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n28.0<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | | <\/tr>\n \n| Net loss attributable to noncontrolling interest<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(398<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(1,204<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n806<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n66.9<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | | <\/tr>\n \n| Net loss attributable to redeemable noncontrolling interest<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(123<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(138<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n15<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n10.9<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | | <\/tr>\n \n| (Income) loss from discontinued operations<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n58<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(275<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n333<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n**<\/td>\n | | <\/tr>\n \n| Net interest expense<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n12,249<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n5,877<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n6,372<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n**<\/td>\n | | <\/tr>\n \n| Income tax benefit<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(578<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(2,582<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n2,004<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n77.6<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | | <\/tr>\n \n| Depreciation and amortization<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n12,475<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n13,279<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(804<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n-6.1<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | | <\/tr>\n \n| Restructuring charges<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n453<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n654<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(201<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n-30.7<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | | <\/tr>\n \n| Impairment charges<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n–<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n583<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(583<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n-100.0<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | | <\/tr>\n \n| Other expense<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n531<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n638<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(107<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n-16.8<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | | <\/tr>\n \n| Start-up costs (A)<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n692<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n431<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n261<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n60.6<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | | <\/tr>\n \n| Acquisition transaction-related costs<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n29<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n418<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(389<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n-93.1<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | | <\/tr>\n \n| Integration costs<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n30<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n–<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n30<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n**<\/td>\n | | <\/tr>\n \n| Other non-recurring expenses<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n95<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n8<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n87<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n**<\/td>\n | | <\/tr>\n \n| Remeasurement of finance lease obligation (B)<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(1,252<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n–<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(1,252<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n**<\/td>\n | | <\/tr>\n \n| Consolidated Adjusted EBITDA<\/b><\/td>\n | | \n\n $<\/b><\/p>\n<\/td>\n | \n 3,392<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n $<\/b><\/p>\n<\/td>\n | \n (11,312<\/b><\/p>\n<\/td>\n | \n )<\/b><\/p>\n<\/td>\n | | \n\n $<\/b><\/p>\n<\/td>\n | \n 14,704<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n**<\/b><\/td>\n | | <\/tr>\n \n| Adjusted EBITDA attributable to noncontrolling interest<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(645<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(312<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(333<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n**<\/td>\n | | <\/tr>\n \n| Consolidated Adjusted EBITDA attributable to Viad<\/b><\/td>\n | | \n\n $<\/b><\/p>\n<\/td>\n | \n 2,747<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n $<\/b><\/p>\n<\/td>\n | \n (11,624<\/b><\/p>\n<\/td>\n | \n )<\/b><\/p>\n<\/td>\n | | \n\n $<\/b><\/p>\n<\/td>\n | \n 14,371<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n**<\/b><\/td>\n | | <\/tr>\n \n | \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| Consolidated Adjusted EBITDA by Business:<\/b><\/td>\n | | \n | \n | \n | \n | \n | \n | \n | \n | <\/tr>\n \n| Pursuit<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n(10,315<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n(11,498<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n1,183<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n10.3<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | | <\/tr>\n \n| Total GES<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n16,744<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n2,720<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n14,024<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n**<\/td>\n | | <\/tr>\n \n| Total Segment EBITDA<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n6,429<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(8,778<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n15,207<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n**<\/td>\n | | <\/tr>\n \n| Corporate EBITDA<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(3,037<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(2,534<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(503<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n-19.9<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | | <\/tr>\n \n| Consolidated Adjusted EBITDA<\/b><\/td>\n | | \n\n $<\/b><\/p>\n<\/td>\n | \n 3,392<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n $<\/b><\/p>\n<\/td>\n | \n (11,312<\/b><\/p>\n<\/td>\n | \n )<\/b><\/p>\n<\/td>\n | | \n\n $<\/b><\/p>\n<\/td>\n | \n 14,704<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n**<\/b><\/td>\n | | <\/tr>\n \n | \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| Pursuit Adjusted EBITDA:<\/b><\/td>\n | | \n | \n | \n | \n | \n | \n | \n | \n | <\/tr>\n \n| Revenue<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n32,663<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n23,784<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n8,879<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n37.3<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | | <\/tr>\n \n| Cost of services and products<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(51,775<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(44,982<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(6,793<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n-15.1<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | | <\/tr>\n \n| Segment operating loss<\/b><\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n (19,112<\/b><\/p>\n<\/td>\n | \n )<\/b><\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n (21,198<\/b><\/p>\n<\/td>\n | \n )<\/b><\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n 2,086<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n 9.8<\/b><\/p>\n<\/td>\n | \n %<\/b><\/p>\n<\/td>\n | | <\/tr>\n \n| Depreciation<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n8,134<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n7,782<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n352<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n4.5<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | | <\/tr>\n \n| Amortization<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n1,161<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n1,179<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(18<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n-1.5<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | | <\/tr>\n \n| Start-up costs (A)<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n692<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n431<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n261<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n60.6<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | | <\/tr>\n \n| Acquisition transaction-related costs<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n32<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n308<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(276<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n-89.6<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | | <\/tr>\n \n| Integration costs<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n30<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n–<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n30<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n**<\/td>\n | | <\/tr>\n \n| Remeasurement of finance lease obligation (B)<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(1,252<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n–<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(1,252<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n**<\/td>\n | | <\/tr>\n \n| Adjusted EBITDA<\/b><\/td>\n | | \n\n $<\/b><\/p>\n<\/td>\n | \n (10,315<\/b><\/p>\n<\/td>\n | \n )<\/b><\/p>\n<\/td>\n | | \n\n $<\/b><\/p>\n<\/td>\n | \n (11,498<\/b><\/p>\n<\/td>\n | \n )<\/b><\/p>\n<\/td>\n | | \n\n $<\/b><\/p>\n<\/td>\n | \n 1,183<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n 10.3<\/b><\/p>\n<\/td>\n | \n %<\/b><\/p>\n<\/td>\n | | <\/tr>\n \n| Adjusted EBITDA attributable to noncontrolling interest<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(645<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(312<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(333<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n**<\/td>\n | | <\/tr>\n \n| Adjusted EBITDA attributable to Viad<\/b><\/td>\n | | \n\n $<\/b><\/p>\n<\/td>\n | \n (10,960<\/b><\/p>\n<\/td>\n | \n )<\/b><\/p>\n<\/td>\n | | \n\n $<\/b><\/p>\n<\/td>\n | \n (11,810<\/b><\/p>\n<\/td>\n | \n )<\/b><\/p>\n<\/td>\n | | \n\n $<\/b><\/p>\n<\/td>\n | \n 850<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n 7.2<\/b><\/p>\n<\/td>\n | \n %<\/b><\/p>\n<\/td>\n | | <\/tr>\n \n | \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| Pursuit Operating margin<\/b><\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n -58.5<\/b><\/p>\n<\/td>\n | \n %<\/b><\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n -89.1<\/b><\/p>\n<\/td>\n | \n %<\/b><\/p>\n<\/td>\n | | \n | \n | \n\n 30.6<\/b><\/p>\n<\/td>\n | \n %<\/b><\/p>\n<\/td>\n | | <\/tr>\n \n| Pursuit Adjusted EBITDA margin<\/b><\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n -31.6<\/b><\/p>\n<\/td>\n | \n %<\/b><\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n -48.3<\/b><\/p>\n<\/td>\n | \n %<\/b><\/p>\n<\/td>\n | | \n | \n | \n\n 16.8<\/b><\/p>\n<\/td>\n | \n %<\/b><\/p>\n<\/td>\n | | <\/tr>\n \n | \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| Total GES Adjusted EBITDA:<\/b><\/td>\n | | \n | \n | \n | \n | \n | \n | \n | \n | <\/tr>\n \n| Revenue<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n228,128<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n153,576<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n74,552<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n48.5<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | | <\/tr>\n \n| Cost of services and products<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(214,544<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(155,170<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(59,374<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n-38.3<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | | <\/tr>\n \n| Segment operating income (loss)<\/b><\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n 13,584<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n (1,594<\/b><\/p>\n<\/td>\n | \n )<\/b><\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n 15,178<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n**<\/b><\/td>\n | | <\/tr>\n \n| Depreciation<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n2,178<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n3,220<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(1,042<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n-32.4<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | | <\/tr>\n \n| Amortization<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n982<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n1,094<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(112<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n-10.2<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | | <\/tr>\n \n| Total GES Adjusted EBITDA<\/b><\/td>\n | | \n\n $<\/b><\/p>\n<\/td>\n | \n 16,744<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n $<\/b><\/p>\n<\/td>\n | \n 2,720<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n $<\/b><\/p>\n<\/td>\n | \n 14,024<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n**<\/b><\/td>\n | | <\/tr>\n \n | \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| Total GES Operating margin<\/b><\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n 6.0<\/b><\/p>\n<\/td>\n | \n %<\/b><\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n -1.0<\/b><\/p>\n<\/td>\n | \n %<\/b><\/p>\n<\/td>\n | | \n | \n | \n\n 7.0<\/b><\/p>\n<\/td>\n | \n %<\/b><\/p>\n<\/td>\n | | <\/tr>\n \n| Total GES Adjusted EBITDA margin<\/b><\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n 7.3<\/b><\/p>\n<\/td>\n | \n %<\/b><\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n 1.8<\/b><\/p>\n<\/td>\n | \n %<\/b><\/p>\n<\/td>\n | | \n | \n | \n\n 5.6<\/b><\/p>\n<\/td>\n | \n %<\/b><\/p>\n<\/td>\n | | <\/tr>\n \n | \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| GES Adjusted EBITDA by Reportable Segment:<\/b><\/td>\n | | \n | \n | \n | \n | \n | \n | \n | \n | <\/tr>\n \n| Spiro<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n3,737<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n742<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n2,995<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n**<\/td>\n | | <\/tr>\n \n| GES Exhibitions<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n13,007<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n1,978<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n11,029<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n**<\/td>\n | | <\/tr>\n \n| Total GES<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n16,744<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n2,720<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n14,024<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n**<\/td>\n | | <\/tr>\n \n | \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| Spiro Revenue<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n60,362<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n42,816<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n17,546<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n41.0<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | | <\/tr>\n \n | \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| Spiro Adjusted EBITDA Margin<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n6.2<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n1.7<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | | \n | \n | \n\n \n4.5<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | | <\/tr>\n \n | \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| GES Exhibitions Revenue<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n169,497<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n111,831<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n57,666<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n51.6<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | | <\/tr>\n \n | \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| GES Exhibitions Adjusted EBITDA Margin<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n7.7<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n1.8<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | | \n | \n | \n\n \n5.9<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | | <\/tr>\n<\/table>\n\n\n| \n \n(A)<\/p>\n<\/td>\n | Includes costs related to the development of Pursuit’s new FlyOver attractions in Chicago and Toronto, and Forest Park Hotel in Canada.<\/td>\n<\/tr>\n | \n| \n \n(B)<\/p>\n<\/td>\n | Remeasurement of finance lease obligation represents the non-cash foreign exchange loss\/(gain) included within Cost of Services related to the periodic remeasurement of the Sky Lagoon finance lease obligation.<\/td>\n<\/tr>\n<\/table>\n\n\nVIAD CORP AND SUBSIDIARIES<\/b><\/td>\n<\/tr>\n\nTABLE TWO – NON-GAAP FINANCIAL MEASURES (CONTINUED)<\/b><\/td>\n<\/tr>\n\n(UNAUDITED)<\/b><\/td>\n<\/tr>\n\n | <\/tr>\n \n| The following table provides 2022 revenue and Adjusted EBITDA, along with reconciliations of Adjusted EBITDA to the nearest GAAP measure, net income attributable to Viad.<\/td>\n<\/tr>\n | \n | <\/tr>\n \n | \n | \n\n \n2022<\/p>\n<\/td>\n<\/tr>\n | \n| ($ in thousands)<\/td>\n | | \nFirst Quarter<\/td>\n | | \nSecond Quarter<\/td>\n | | \nThird Quarter<\/td>\n | | \nFourth Quarter<\/td>\n | | \nFull Year<\/td>\n<\/tr>\n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| Viad Consolidated:<\/b><\/td>\n | | \n | \n | \n | \n | \n | \n | \n | \n | \n | <\/tr>\n \n| Net income (loss) attributable to Viad<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n(29,001<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n19,839<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n38,121<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n(5,739<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n23,220<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| Net income (loss) attributable to noncontrolling interest<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(1,204<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n451<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n3,784<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(708<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n2,323<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| Net income (loss) attributable to redeemable noncontrolling interest<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(138<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(128<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(88<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(394<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(748<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n<\/tr>\n | \n| (Income) loss from discontinued operations<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(275<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(52<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n42<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n137<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(148<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n<\/tr>\n | \n| Net interest expense<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n5,877<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n7,761<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n10,252<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n11,001<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n34,891<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| Income tax expense (benefit)<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(2,582<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n3,359<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n8,810<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n386<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n9,973<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| Depreciation and amortization<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n13,279<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n13,207<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n12,956<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n13,041<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n52,483<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| Gain on sale of ON Services<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n–<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n–<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n–<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(19,637<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(19,637<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n<\/tr>\n | \n| Restructuring charges (recoveries)<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n654<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n1,426<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n1,387<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(408<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n3,059<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| Impairment charges<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n583<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n–<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n–<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n–<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n583<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| Other expense<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n638<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n612<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n280<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n547<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n2,077<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| Start-up costs (A)<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n431<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n648<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n672<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n418<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n2,169<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| Acquisition transaction-related costs<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n418<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n91<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n765<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n53<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n1,327<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| Integration costs<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n–<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n119<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n17<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n101<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n237<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| Remeasurement of finance lease obligation (B)<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n–<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n–<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n4,961<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(804<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n4,157<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| Other non-recurring expenses (C)<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n8<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n143<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n–<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n–<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n151<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| Consolidated Adjusted EBITDA<\/b><\/td>\n | | \n\n $<\/b><\/p>\n<\/td>\n | \n (11,312<\/b><\/p>\n<\/td>\n | \n )<\/b><\/p>\n<\/td>\n | | \n\n $<\/b><\/p>\n<\/td>\n | \n 47,476<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n $<\/b><\/p>\n<\/td>\n | \n 81,959<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n $<\/b><\/p>\n<\/td>\n | \n (2,006<\/b><\/p>\n<\/td>\n | \n )<\/b><\/p>\n<\/td>\n | | \n\n $<\/b><\/p>\n<\/td>\n | \n 116,117<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| Consolidated Adjusted EBITDA by Business:<\/b><\/td>\n | | \n | \n | \n | \n | \n | \n | \n | \n | \n | <\/tr>\n \n| Pursuit<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n(11,498<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n15,613<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n75,085<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n(11,251<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n67,949<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| Total GES<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n2,720<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n35,131<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n10,685<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n12,721<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n61,257<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| Total Segment EBITDA<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(8,778<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n50,744<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n85,770<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n1,470<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n129,206<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| Corporate EBITDA<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(2,534<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(3,268<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(3,811<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(3,476<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(13,089<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n<\/tr>\n | \n| Consolidated Adjusted EBITDA<\/b><\/td>\n | | \n\n $<\/b><\/p>\n<\/td>\n | \n (11,312<\/b><\/p>\n<\/td>\n | \n )<\/b><\/p>\n<\/td>\n | | \n\n $<\/b><\/p>\n<\/td>\n | \n 47,476<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n $<\/b><\/p>\n<\/td>\n | \n 81,959<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n $<\/b><\/p>\n<\/td>\n | \n (2,006<\/b><\/p>\n<\/td>\n | \n )<\/b><\/p>\n<\/td>\n | | \n\n $<\/b><\/p>\n<\/td>\n | \n 116,117<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| Pursuit Adjusted EBITDA:<\/b><\/td>\n | | \n | \n | \n | \n | \n | \n | \n | \n | \n | <\/tr>\n \n| Revenue<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n23,784<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n77,599<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n163,796<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n34,148<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n299,327<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| Cost of services and products<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(44,982<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(72,028<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(104,047<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(54,239<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(275,296<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n<\/tr>\n | \n| Segment operating income (loss)<\/b><\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n (21,198<\/b><\/p>\n<\/td>\n | \n )<\/b><\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n 5,571<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n 59,749<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n (20,091<\/b><\/p>\n<\/td>\n | \n )<\/b><\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n 24,031<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| Depreciation<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n7,782<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n7,866<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n7,501<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n7,926<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n31,075<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| Amortization<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n1,179<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n1,316<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n1,351<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n1,175<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n5,021<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| Start-up costs (A)<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n431<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n648<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n672<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n418<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n2,169<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| Acquisition transaction-related costs<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n308<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n93<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n834<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n24<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n1,259<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| Integration costs<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n–<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n119<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n17<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n101<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n237<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| Remeasurement of finance lease obligation (B)<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n–<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n–<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n4,961<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(804<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n4,157<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| Adjusted EBITDA<\/b><\/td>\n | | \n\n $<\/b><\/p>\n<\/td>\n | \n (11,498<\/b><\/p>\n<\/td>\n | \n )<\/b><\/p>\n<\/td>\n | | \n\n $<\/b><\/p>\n<\/td>\n | \n 15,613<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n $<\/b><\/p>\n<\/td>\n | \n 75,085<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n $<\/b><\/p>\n<\/td>\n | \n (11,251<\/b><\/p>\n<\/td>\n | \n )<\/b><\/p>\n<\/td>\n | | \n\n $<\/b><\/p>\n<\/td>\n | \n 67,949<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| Pursuit Operating margin<\/b><\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n -89.1<\/b><\/p>\n<\/td>\n | \n %<\/b><\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n 7.2<\/b><\/p>\n<\/td>\n | \n %<\/b><\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n 36.5<\/b><\/p>\n<\/td>\n | \n %<\/b><\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n -58.8<\/b><\/p>\n<\/td>\n | \n %<\/b><\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n 8.0<\/b><\/p>\n<\/td>\n | \n %<\/b><\/p>\n<\/td>\n<\/tr>\n\n| Pursuit Adjusted EBITDA margin<\/b><\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n -48.3<\/b><\/p>\n<\/td>\n | \n %<\/b><\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n 20.1<\/b><\/p>\n<\/td>\n | \n %<\/b><\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n 45.8<\/b><\/p>\n<\/td>\n | \n %<\/b><\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n -32.9<\/b><\/p>\n<\/td>\n | \n %<\/b><\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n 22.7<\/b><\/p>\n<\/td>\n | \n %<\/b><\/p>\n<\/td>\n<\/tr>\n\n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| Total GES Adjusted EBITDA:<\/b><\/td>\n | | \n | \n | \n | \n | \n | \n | \n | \n | \n | <\/tr>\n \n| Revenue<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n153,576<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n241,604<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n218,925<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n213,879<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n827,984<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| Cost of services and products<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(155,170<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(210,484<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(212,335<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(205,082<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n(783,071<\/p>\n<\/td>\n | \n \n)<\/p>\n<\/td>\n<\/tr>\n | \n| Segment operating income (loss)<\/b><\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n (1,594<\/b><\/p>\n<\/td>\n | \n )<\/b><\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n 31,120<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n 6,590<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n 8,797<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n 44,913<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| Depreciation<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n3,220<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n2,922<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n2,970<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n2,802<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n11,914<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| Amortization<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n1,094<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n1,089<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n1,125<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n1,122<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n4,430<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| Total GES Adjusted EBITDA<\/b><\/td>\n | | \n\n $<\/b><\/p>\n<\/td>\n | \n 2,720<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n $<\/b><\/p>\n<\/td>\n | \n 35,131<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n $<\/b><\/p>\n<\/td>\n | \n 10,685<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n $<\/b><\/p>\n<\/td>\n | \n 12,721<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n $<\/b><\/p>\n<\/td>\n | \n 61,257<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| Total GES Operating margin<\/b><\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n -1.0<\/b><\/p>\n<\/td>\n | \n %<\/b><\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n 12.9<\/b><\/p>\n<\/td>\n | \n %<\/b><\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n 3.0<\/b><\/p>\n<\/td>\n | \n %<\/b><\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n 4.1<\/b><\/p>\n<\/td>\n | \n %<\/b><\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n 5.4<\/b><\/p>\n<\/td>\n | \n %<\/b><\/p>\n<\/td>\n<\/tr>\n\n| Total GES Adjusted EBITDA margin<\/b><\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n 1.8<\/b><\/p>\n<\/td>\n | \n %<\/b><\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n 14.5<\/b><\/p>\n<\/td>\n | \n %<\/b><\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n 4.9<\/b><\/p>\n<\/td>\n | \n %<\/b><\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n 5.9<\/b><\/p>\n<\/td>\n | \n %<\/b><\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n 7.4<\/b><\/p>\n<\/td>\n | \n %<\/b><\/p>\n<\/td>\n<\/tr>\n\n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| GES Adjusted EBITDA by Reportable Segment:<\/b><\/td>\n | | \n | \n | \n | \n | \n | \n | \n | \n | \n | <\/tr>\n \n| Spiro<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n742<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n15,750<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n4,688<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n5,795<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n26,975<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| GES Exhibitions<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n1,978<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n19,381<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n5,997<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n6,926<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n34,282<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| Total GES<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n2,720<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n35,131<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n10,685<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n12,721<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n61,257<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| Spiro Revenue<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n42,816<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n89,425<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n73,277<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n72,123<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n277,641<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| Spiro Adjusted EBITDA Margin<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n1.7<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n17.6<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n6.4<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n8.0<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n9.7<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n<\/tr>\n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| GES Exhibitions Revenue<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n111,831<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n154,600<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n147,872<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n143,577<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | | \n\n \n$<\/p>\n<\/td>\n | \n \n557,880<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| GES Exhibitions Adjusted EBITDA Margin<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n1.8<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n12.5<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n4.1<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n4.8<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | | \n\n \n\u00a0<\/p>\n<\/td>\n | \n \n6.1<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n<\/tr>\n<\/table>\n | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
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