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Segment Reporting and Significant Customer Information
6 Months Ended
Jun. 30, 2015
Segment Reporting [Abstract]  
Segments Reporting and Significant Customer Information
Segment Reporting and Significant Customer Information
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 and assets (in thousands) by business segment:
 
Three Months Ended June 30, 2015
North
America
 
Europe
 
Elimination and Other
 
Consolidated
Revenues from unaffiliated customers
$
23,727

 
$
10,337

 
$

 
$
34,064

Intersegment revenues
259

 
177

 
(436
)
 

Total net revenues
23,986

 
10,514

 
(436
)
 
34,064

Operating income
$
2,538

 
$
35

 
$

 
$
2,573

 
Three Months Ended June 30, 2014
North
America
 
Europe
 
Elimination and Other
 
Consolidated
Revenues from unaffiliated customers
$
25,174

 
$
11,709

 
$

 
$
36,883

Intersegment revenues
302

 
129

 
(431
)
 

Total net revenues
25,476

 
11,838

 
(431
)
 
36,883

Operating income
$
3,771

 
$
2,863

 
$
3,500

 
$
10,134

 
 
 
 
 
 
 
 
 
Six Months Ended June 30, 2015
North
America
 
Europe
 
Elimination and Other
 
Consolidated
Revenues from unaffiliated customers
$
48,440

 
$
22,116

 
$

 
$
70,556

Intersegment revenues
472

 
215

 
(687
)
 

Total net revenues
48,912

 
22,331

 
(687
)
 
70,556

Operating income
$
4,617

 
$
1,758

 

 
$
6,375

 
Six Months Ended June 30, 2014
North
America
 
Europe
 
Elimination and Other
 
Consolidated
Revenues from unaffiliated customers
$
51,528

 
$
25,550

 
$

 
$
77,078

Intersegment revenues
716

 
141

 
(857
)
 

Total net revenues
52,244

 
25,691

 
(857
)
 
77,078

Operating income
$
8,375

 
$
5,256

 
$
3,500

 
$
17,131

 
As of June 30, 2015
North
America
 
Europe
 
Elimination
 
Consolidated
Long-lived assets
$
7,281

 
$
1,187

 
$

 
$
8,468

Total assets
$
75,381

 
$
40,007

 
$
(24,403
)
 
$
90,985


 
As of December 31, 2014
North
America
 
Europe
 
Elimination
 
Consolidated
Long-lived assets
$
7,678

 
$
1,507

 
$

 
$
9,185

Total assets
$
73,508

 
$
40,818

 
$
(23,838
)
 
$
90,488


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 months ended June 30, 2015 and 2014, the Company did not have any customers that accounted for 10% or more of revenue. As of June 30, 2015 and December 31, 2014, the Company had one customer that accounted for 15% and 11%, respectively, of accounts receivable.
The following table sets forth the breakdown of revenues (in thousands) by category and segment. Travel revenue includes travel publications (Top 20, Website, Newsflash, Travelzoo Network), Getaways vouchers and hotel booking. 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,
 
2015
 
2014
 
2015
 
2014
North America
 
 
 
 
 
 
 
Travel
$
14,658

 
$
15,229

 
$
30,666

 
$
32,459

Search
3,840

 
3,875

 
8,387

 
7,729

Local
5,229

 
6,070

 
9,387

 
11,340

Total North America revenues
$
23,727

 
$
25,174

 
$
48,440

 
$
51,528

Europe
 
 
 
 
 
 
 
Travel
$
8,433

 
$
9,270

 
$
18,170

 
$
20,462

Search
502

 
551

 
1,061

 
1,530

Local
1,402

 
1,888

 
2,885

 
3,558

Total Europe revenues
$
10,337

 
$
11,709

 
$
22,116

 
$
25,550

Consolidated
 
 
 
 
 
 
 
Travel
$
23,091

 
$
24,499

 
$
48,836

 
$
52,921

Search
4,342

 
4,426

 
9,448

 
9,259

Local
6,631

 
7,958

 
12,272

 
14,898

Total revenues
$
34,064

 
$
36,883

 
$
70,556

 
$
77,078

Revenue by geography is based on the billing address of the advertiser. Long-lived assets attributed to the U.S. and international geographies are based upon the country in which the asset is located or owned. The following table sets forth revenue for individual countries that exceed 10% of total revenue (in thousands):
 
Three Months Ended
 
Six Months Ended
 
June 30,
 
June 30,
 
2015
 
2014
 
2015
 
2014
Revenue
 
 
 
 
 
 
 
United States
$
22,496

 
$
23,690

 
$
45,927

 
$
48,430

United Kingdom
6,856

 
7,528

 
14,727

 
16,740

Rest of the world
4,712

 
5,665

 
9,902

 
11,908

Total revenues
$
34,064

 
$
36,883

 
$
70,556

 
$
77,078

 
The following table sets forth long lived asset by geographic area (in thousands):  
 
As of June 30, 2015
 
As of December 31, 2014
United States
$
6,728

 
$
7,646

Rest of the world
1,740

 
1,539

Total long lived assets
$
8,468

 
$
9,185