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Segment Reporting and Significant Customer Information | 12 Months Ended
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Dec. 31, 2019
Segment Reporting [Abstract] |
Segment 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, 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 income for making financial decisions and allocating resources. Management believes that segment revenues and operating income are appropriate measures of evaluating the operational performance of the Company’s segments. The following is a summary of operating results and assets by business segment (in thousands):
Year Ended December 31, 2019 | Asia Pacific |  | Europe |  | North America |  | Consolidated
Revenues from unaffiliated customers | $ | 6,402 |  |  | $ | 39,556 |  |  | $ | 65,454 |  |  | $ | 111,412 |
Intersegment revenues | 88 |  |  | (2,658 | ) |  | 2,570 |  |  | — |
Total net revenues | $ | 6,490 |  |  | $ | 36,898 |  |  | $ | 68,024 |  |  | $ | 111,412 |
Operating income (loss) | $ | (7,488 | ) |  | $ | 4,461 |  |  | $ | 12,491 |  |  | $ | 9,464 |
Year Ended December 31, 2018 | Asia Pacific |  | Europe |  | North America |  | Consolidated
Revenues from unaffiliated customers | $ | 7,869 |  |  | $ | 36,468 |  |  | $ | 66,985 |  |  | $ | 111,322 |
Intersegment revenues | (10 | ) |  | (319 | ) |  | 329 |  |  | — |
Total net revenues | $ | 7,859 |  |  | $ | 36,149 |  |  | $ | 67,314 |  |  | $ | 111,322 |
Operating income (loss) | $ | (6,322 | ) |  | $ | 4,973 |  |  | $ | 9,587 |  |  | $ | 8,238 |
As of December 31, 2019 | Asia Pacific |  | Europe |  | North America |  | Elimination |  | Consolidated
Long-lived assets | $ | 121 |  |  | $ | 263 |  |  | $ | 2,598 |  |  | $ | — |  |  | $ | 2,982 |
Total assets | $ | 3,215 |  |  | $ | 74,604 |  |  | $ | 66,803 |  |  | $ | (90,084 | ) |  | $ | 54,538 |
As of December 31, 2018 | Asia Pacific |  | Europe |  | North America |  | Elimination |  | Consolidated
Long-lived assets | $ | 145 |  |  | $ | 313 |  |  | $ | 3,332 |  |  | $ | — |  |  | $ | 3,790 |
Total assets | $ | 3,811 |  |  | $ | 62,942 |  |  | $ | 62,433 |  |  | $ | (85,762 | ) |  | $ | 43,424 |
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 years ended December 31, 2019 and 2018, the Company did not have any customers that accounted for 10% or more of revenue. As of December 31, 2019 and 2018, the Company did not have any customers that accounted for 10% or more of accounts receivable. The following table sets forth the breakdown of revenues 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) (in thousands).
| Year Ended December 31,
| 2019 |  | 2018
Asia Pacific |  |  |
Travel | $ | 6,274 |  |  | $ | 7,351 |
Local | 216 |  |  | 508 |
Total Asia Pacific revenues | 6,490 |  |  | 7,859 |
Europe |  |  |
Travel | 32,081 |  |  | 30,856 |
Local | 4,817 |  |  | 5,293 |
Total Europe revenues | 36,898 |  |  | 36,149 |
North America |  |  |
Travel | 57,863 |  |  | 56,145 |
Local | 10,161 |  |  | 11,169 |
Total North America revenues | 68,024 |  |  | 67,314 |
Consolidated |  |  |
Travel | 96,218 |  |  | 94,352 |
Local | 15,194 |  |  | 16,970 |
Total revenues | $ | 111,412 |  |  | $ | 111,322 |
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 were 10% or more of total revenue (in thousands):
| Year Ended December 31,
| 2019 |  | 2018
Revenue |  |  |
United States | $ | 61,375 |  |  | $ | 61,257 |
United Kingdom | 19,961 |  |  | 21,034 |
Germany | 12,176 |  |  | 12,257 |
Rest of the world | 17,900 |  |  | 16,774 |
Total revenues | $ | 111,412 |  |  | $ | 111,322 |
The following table sets forth long lived assets by geographic area (in thousands):
| December 31,
| 2019 |  | 2018
United States | $ | 2,359 |  |  | $ | 3,035 |
Rest of the world | 623 |  |  | 755 |
Total long lived assets | $ | 2,982 |  |  | $ | 3,790 |

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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