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Segments | 6 Months Ended
--- | ---
Jun. 30, 2013
Segment Reporting [Abstract] |
Segments | Segments The Company manages its business geographically and has two reportable operating segments: North America and Europe. North America consists of the Company’s operations in Canada and the U.S. Europe consists of the Company’s operations in France, Germany, Spain, and the U.K. Management relies on an internal management reporting process that provides revenue and segment operating income (loss) for making financial decisions and allocating resources. Management believes that segment revenues and operating income (loss) are appropriate measures of evaluating the operational performance of the Company’s segments. The following is a summary of operating results from continuing operations and assets (in thousands) by business segment:
Three Months Ended June 30, 2013 | North America |  | Europe |  | Elimination |  | Consolidated
Revenues from unaffiliated customers | $ | 30,249 |  |  | $ | 11,078 |  |  | $ | — |  |  | $ | 41,327 |
Intersegment revenues | 331 |  |  | 222 |  |  | (553 | ) |  | — |
Total net revenues | 30,580 |  |  | 11,300 |  |  | (553 | ) |  | 41,327 |
Operating income | $ | 5,899 |  |  | $ | 1,895 |  |  | $ | — |  |  | $ | 7,794 |
Three Months Ended June 30, 2012 | North America |  | Europe |  | Elimination |  | Consolidated
Revenues from unaffiliated customers | $ | 28,712 |  |  | $ | 10,648 |  |  | $ | — |  |  | $ | 39,360 |
Intersegment revenues | 205 |  |  | 21 |  |  | (226 | ) |  | — |
Total net revenues | 28,917 |  |  | 10,669 |  |  | (226 | ) |  | 39,360 |
Operating income | $ | 7,831 |  |  | $ | 2,535 |  |  | $ | — |  |  | $ | 10,366 |
Six Months Ended June 30, 2013 | North America |  | Europe |  | Elimination |  | Consolidated
Revenues from unaffiliated customers | $ | 60,160 |  |  | $ | 23,344 |  |  | $ | — |  |  | $ | 83,504 |
Intersegment revenues | 575 |  |  | 330 |  |  | (905 | ) |  | — |
Total net revenues | 60,735 |  |  | 23,674 |  |  | (905 | ) |  | 83,504 |
Operating income | $ | 11,382 |  |  | $ | 4,447 |  |  | $ | — |  |  | $ | 15,829 |
Six Months Ended June 30, 2012 | North America |  | Europe |  | Elimination and Other (a) |  | Consolidated
Revenues from unaffiliated customers | $ | 57,268 |  |  | $ | 21,425 |  |  | $ | — |  |  | $ | 78,693 |
Intersegment revenues | 470 |  |  | 31 |  |  | (501 | ) |  | — |
Total net revenues | 57,738 |  |  | 21,456 |  |  | (501 | ) |  | 78,693 |
Operating income | $ | 14,972 |  |  | $ | 4,965 |  |  | $ | (3,000 | ) |  | $ | 16,937 |
(a) | Amount represents a charge related to unexchanged promotional merger shares of $3.0 million for the six months ended June 30, 2012.
As of June 30, 2013 | North America |  | Europe |  | Elimination |  | Consolidated
Long-lived assets | $ | 4,550 |  |  | $ | 1,916 |  |  | $ | — |  |  | $ | 6,466 |
Total assets | $ | 103,873 |  |  | $ | 37,429 |  |  | $ | (30,983 | ) |  | $ | 110,319 |
As of December 31, 2012 | North America |  | Europe |  | Elimination |  | Consolidated
Long-lived assets | $ | 3,389 |  |  | $ | 1,911 |  |  | $ | — |  |  | $ | 5,300 |
Total assets | $ | 92,139 |  |  | $ | 36,595 |  |  | $ | (30,901 | ) |  | $ | 97,833 |
Revenue for each segment is recognized based on the customer location within a designated geographic region. Property and equipment are attributed to the geographic region in which the assets are located. For the three and six months ended June 30, 2013 and 2012, the Company did not have any customers that accounted for 10% or more of revenue. As of June 30, 2013 and December 31, 2012, the Company did not have any customers that accounted for 10% or more of accounts receivable. The following table sets forth the breakdown of revenues (in thousands) by type and segment for the three and six months ended June 30, 2013 and 2012. Travel revenue includes travel publications (Top 20, Website, Newsflash, Travelzoo Network) and Getaways vouchers. Search revenue includes SuperSearch and Fly.com. Local revenue includes Local Deals vouchers and entertainment offers (vouchers and direct bookings). .
| Three Months Ended |  | Six Months Ended
| June 30, |  | June 30,
| 2013 |  | 2012 |  | 2013 |  | 2012
North America |  |  |  |  |  |  |
Travel | $ | 16,463 |  |  | $ | 14,591 |  |  | $ | 33,953 |  |  | $ | 30,137 |
Search | 5,980 |  |  | 5,985 |  |  | 11,683 |  |  | 11,990 |
Local | 7,806 |  |  | 8,136 |  |  | 14,524 |  |  | 15,141 |
Total North America revenues | $ | 30,249 |  |  | $ | 28,712 |  |  | $ | 60,160 |  |  | $ | 57,268 |
Europe |  |  |  |  |  |  |
Travel | $ | 8,182 |  |  | $ | 7,543 |  |  | $ | 17,474 |  |  | $ | 14,936 |
Search | 840 |  |  | 1,012 |  |  | 1,710 |  |  | 2,302 |
Local | 2,056 |  |  | 2,093 |  |  | 4,160 |  |  | 4,187 |
Total Europe revenues | $ | 11,078 |  |  | $ | 10,648 |  |  | $ | 23,344 |  |  | $ | 21,425 |
Consolidated |  |  |  |  |  |  |
Travel | $ | 24,645 |  |  | $ | 22,134 |  |  | $ | 51,427 |  |  | $ | 45,073 |
Search | 6,820 |  |  | 6,997 |  |  | 13,393 |  |  | 14,292 |
Local | 9,862 |  |  | 10,229 |  |  | 18,684 |  |  | 19,328 |
Total revenues | $ | 41,327 |  |  | $ | 39,360 |  |  | $ | 83,504 |  |  | $ | 78,693 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 131 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 15: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 + Details
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