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Segments (Tables)
6 Months Ended
Jun. 30, 2013
Segment Reporting [Abstract]  
Summary of operating results from continuing operations and assets by business segment
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.
Revenue for each segment recognized based on customer location
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

Breakdown of revenues by type and segment
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