secwatch.observer — SEC 8-K summary
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Issuer:     Pursuit Attractions & Hospitality, Inc. (PRSU)
CIK:        0000884219
Form:       8-K
Filed at:   2023-02-09T23:59:59+00:00
Accession:  0000950170-23-002328
Event type: other_material
Sentiment:  negative
Materiality: 0.65
Item codes: 4.02
LLM model:  deepseek-v4-flash:cloud@v2

Viad Corp restates Q3 2022 financials due to foreign currency lease error; net income overstated by $2M
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- Audit Committee concludes unaudited Q3 2022 financials should no longer be relied upon due to error in accounting for Sky Lagoon finance lease in Iceland.
- Error: lease liability in ISK payable in USD not remeasured monthly; costs and lease liability understated by $5.0M.
- Net income attributable to Viad overstated by $2.0M after taxes and noncontrolling interests.
- Company plans to file amended Form 10-Q soon and is reassessing internal controls over financial reporting.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/884219/000095017023002328/0000950170-23-002328-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/884219/000095017023002328/vvi-20230207.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-002328

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