Discontinued Operations

3 Months Ended

Mar. 31, 2018

Discontinued Operations and Disposal Groups [Abstract]

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 months ended March 31, 2017, in thousands, is included in the following table:



	Three Months Ended
	March 31,
	2017
Revenues from Search	$	2,009
Cost of revenues	(99		)
Gross profit	1,910
Total operating expenses	(1,819		)
Gain on sale of Fly.com domain name	2,890
Income from discontinued operations before income taxes	2,981
Income tax expense	1,097
Income from discontinued operations, net of income taxes	$	1,884