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Discontinued Operations
9 Months Ended
Sep. 30, 2017
Discontinued Operations and Disposal Groups [Abstract]  
Discontinued Operations
Discontinued Operations
On March 30, 2017, the Company decided to discontinue its Search products, consisting of Fly.com and SuperSearch products. This decision supports the Company’s strategy to focus on its global Travelzoo® brand. On March 30, 2017, the Company ceased operations of SuperSearch and on March 31, 2017, the Company sold the Fly.com domain name, which had no net book value, to a third party. There were no other assets or liabilities transferred as part this transaction.
A reconciliation of the line items comprising the results of operations of the Search products to the income (loss) from discontinued operations through the date of disposal presented in the condensed consolidated statements of operations for the three and nine months ended September 30, 2017 and 2016, in thousands, is included in the following table:
 
Three Months Ended
 
Nine Months Ended
 
September 30,
 
September 30,
 
2017
 
2016
 
2017
 
2016
Revenues from Search
$

 
$
3,617

 
$
2,088

 
$
11,839

Cost of revenues

 
(91
)
 
(101
)
 
(389
)
Gross profit

 
3,526

 
1,987

 
11,450

Total operating expenses

 
(3,196
)
 
(1,817
)
 
(10,479
)
Gain on sale of Fly.com domain name

 

 
2,890

 

Income from discontinued operations before income taxes

 
330

 
3,060

 
971

Income tax expense

 
89

 
1,122

 
284

Income from discontinued operations, net of income taxes
$

 
$
241

 
$
1,938

 
$
687