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Segment Reporting and Significant Customer Information | 9 Months Ended
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Sep. 30, 2017
Segment Reporting [Abstract] |
Segments Reporting and Significant Customer Information | Segment Reporting and Significant Customer Information The Company manages its business geographically and has three reportable operating segments: Asia Pacific, Europe and North America. Asia Pacific consists of the Company's operations in Australia, China, Hong Kong, Japan, Taiwan, and Southeast Asia. Europe consists of the Company’s operations in France, Germany, Spain, and the U.K. North America consists of the Company’s operations in Canada and the U.S. Management relies on an internal management reporting process that provides revenue and segment operating profit (loss) for making financial decisions and allocating resources. Management believes that segment revenues and operating profit (loss) are appropriate measures of evaluating the operational performance of the Company’s segments. These segment disclosures have been adjusted to remove the revenue and operating profit (loss) related to discontinued operations in the current and prior periods. See "Note 9: Discontinued Operations" for further information. The following is a summary of operating results and assets (in thousands) by business segment:
Three Months Ended September 30, 2017 | Asia Pacific |  | Europe |  | North America |  | Consolidated
Revenues from unaffiliated customers | $ | 1,767 |  |  | $ | 8,008 |  |  | $ | 14,912 |  |  | $ | 24,687 |
Intersegment revenues | 6 |  |  | (62 | ) |  | 56 |  |  | — |
Total net revenues | 1,773 |  |  | 7,946 |  |  | 14,968 |  |  | 24,687 |
Operating profit (loss) | $ | (1,679 | ) |  | $ | 309 |  |  | $ | 1,388 |  |  | $ | 18 |
Three Months Ended September 30, 2016 | Asia Pacific |  | Europe |  | North America |  | Consolidated
Revenues from unaffiliated customers | $ | 2,521 |  |  | $ | 8,614 |  |  | $ | 15,688 |  |  | $ | 26,823 |
Intersegment revenues | 36 |  |  | (140 | ) |  | 104 |  |  | — |
Total net revenues | 2,557 |  |  | 8,474 |  |  | 15,792 |  |  | 26,823 |
Operating profit (loss) | $ | (798 | ) |  | $ | 1,412 |  |  | $ | 1,261 |  |  | $ | 1,875 |
Nine Months Ended September 30, 2017 | Asia Pacific |  | Europe |  | North America |  | Consolidated
Revenues from unaffiliated customers | $ | 5,574 |  |  | $ | 25,231 |  |  | $ | 48,722 |  |  | $ | 79,527 |
Intersegment revenues | (38 | ) |  | (317 | ) |  | 355 |  |  | — |
Total net revenues | 5,536 |  |  | 24,914 |  |  | 49,077 |  |  | 79,527 |
Operating profit (loss) | $ | (4,385 | ) |  | $ | 1,526 |  |  | $ | 6,325 |  |  | $ | 3,466 |
Nine Months Ended September 30, 2016 | Asia Pacific |  | Europe |  | North America |  | Consolidated
Revenues from unaffiliated customers | $ | 7,173 |  |  | $ | 28,893 |  |  | $ | 51,384 |  |  | $ | 87,450 |
Intersegment revenues | 78 |  |  | (403 | ) |  | 325 |  |  | — |
Total net revenues | 7,251 |  |  | 28,490 |  |  | 51,709 |  |  | 87,450 |
Operating profit (loss) | $ | (3,080 | ) |  | $ | 5,022 |  |  | $ | 6,216 |  |  | $ | 8,158 |
As of September 30, 2017 | Asia Pacific |  | Europe |  | North America |  | Elimination |  | Consolidated
Long-lived assets | $ | 151 |  |  | $ | 577 |  |  | $ | 4,537 |  |  | $ | — |  |  | $ | 5,265 |
Total assets | $ | 3,490 |  |  | $ | 49,721 |  |  | $ | 60,473 |  |  | $ | (70,520 | ) |  | $ | 43,164 |
As of December 31, 2016 | Asia Pacific |  | Europe |  | North America |  | Elimination |  | Consolidated
Long-lived assets | $ | 209 |  |  | $ | 763 |  |  | $ | 5,186 |  |  | $ | — |  |  | $ | 6,158 |
Total assets | $ | 5,295 |  |  | $ | 49,125 |  |  | $ | 65,961 |  |  | $ | (66,851 | ) |  | $ | 53,530 |
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. Revenues from unaffiliated customers excludes intersegment revenues and represents revenue with parties unaffiliated with Travelzoo and its wholly owned subsidiaries. For the three and nine months ended September 30, 2017 and 2016, the Company did not have any customers that accounted for 10% or more of revenue. As of September 30, 2017, the Company did not have any customers that accounted for 10% or more of accounts receivable. As of December 31, 2016, the Company had one customer that accounted for 16% 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), Getaway vouchers and hotel platform. Local revenue includes Local Deals vouchers and entertainment offers (vouchers and direct bookings).
| Three Months Ended |  | Nine Months Ended
| September 30, |  | September 30,
| 2017 |  | 2016 |  | 2017 |  | 2016
Asia Pacific |  |  |  |  |  |  |
Travel | $ | 1,644 |  |  | $ | 2,334 |  |  | $ | 5,170 |  |  | $ | 6,582 |
Local | 129 |  |  | 223 |  |  | 366 |  |  | 669 |
Total Asia Pacific revenues | $ | 1,773 |  |  | $ | 2,557 |  |  | $ | 5,536 |  |  | $ | 7,251 |
Europe |  |  |  |  |  |  |
Travel | $ | 7,052 |  |  | $ | 7,357 |  |  | $ | 21,852 |  |  | $ | 24,440 |
Local | 894 |  |  | 1,117 |  |  | 3,062 |  |  | 4,050 |
Total Europe revenues | $ | 7,946 |  |  | $ | 8,474 |  |  | $ | 24,914 |  |  | $ | 28,490 |
North America |  |  |  |  |  |  |
Travel | $ | 12,146 |  |  | $ | 12,494 |  |  | $ | 40,916 |  |  | $ | 41,490 |
Local | 2,822 |  |  | 3,298 |  |  | 8,161 |  |  | 10,219 |
Total North America revenues | $ | 14,968 |  |  | $ | 15,792 |  |  | $ | 49,077 |  |  | $ | 51,709 |
Consolidated |  |  |  |  |  |  |
Travel | $ | 20,842 |  |  | $ | 22,185 |  |  | $ | 67,938 |  |  | $ | 72,512 |
Local | 3,845 |  |  | 4,638 |  |  | 11,589 |  |  | 14,938 |
Total revenues | $ | 24,687 |  |  | $ | 26,823 |  |  | $ | 79,527 |  |  | $ | 87,450 |
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 countries that exceed 10% of total revenue (in thousands):
| Three Months Ended |  | Nine Months Ended
| September 30, |  | September 30,
| 2017 |  | 2016 |  | 2017 |  | 2016
Revenue |  |  |  |  |  |  |
United States | $ | 13,658 |  |  | $ | 14,467 |  |  | $ | 45,127 |  |  | $ | 47,845 |
United Kingdom | 4,483 |  |  | 4,994 |  |  | 14,136 |  |  | 17,518 |
Germany | 2,881 |  |  | 3,042 |  |  | 9,047 |  |  | 9,436 |
Rest of the world | 3,665 |  |  | 4,320 |  |  | 11,217 |  |  | 12,651 |
Total revenues | $ | 24,687 |  |  | $ | 26,823 |  |  | $ | 79,527 |  |  | $ | 87,450 |
The following table sets forth long lived asset by geographic area (in thousands):
| September 30, |  | December 31,
| 2017 |  | 2016
United States | $ | 4,124 |  |  | $ | 4,755 |
Rest of the world | 1,141 |  |  | 1,403 |
Total long lived assets | $ | 5,265 |  |  | $ | 6,158 |

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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 Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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