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Segment Reporting and Significant Customer Information (Tables)

6 Months Ended

Jun. 30, 2020

Segment Reporting [Abstract]

Summary of operating results from continuing operations and assets by business segment

The following is a summary of operating results by business segment (in thousands):

Three Months Ended June 30, 2020			Travelzoo North America						Travelzoo Europe						Jack’s Flight Club						Elimination						Consolidated
Revenues from unaffiliated customers			$	4,254					$	1,805					$	945					$	—					$	7,004
Intersegment revenues (expenses)			(52)						52						—						—						—
Total net revenues			4,202						1,857						945						—						7,004
Operating profit (loss)			$	(4,702)					$	(1,683)					$	(248)					$	—					$	(6,633)

Three Months Ended June 30, 2019			Travelzoo North America						Travelzoo Europe						Jack’s Flight Club						Elimination						Consolidated
Revenues from unaffiliated customers			$	17,494					$	9,133					$	—					$	(21)					$	26,606
Intersegment revenues (expenses)			430						(451)						—						21						—
Total net revenues			17,924						8,682						—						—						26,606
Operating profit (loss)			$	3,590					$	584					$	—					$	(21)					$	4,153

Six Months Ended June 30, 2020			Travelzoo North America						Travelzoo Europe						Jack’s Flight Club						Elimination						Consolidated
Revenues from unaffiliated customers			$	16,803					$	8,908					$	1,628					$	(8)					$	27,331
Intersegment revenues (expenses)			96						(104)						—						8						—
Total net revenues			16,899						8,804						1,628						—						27,331
Operating profit (loss)			$	(5,678)					$	(3,024)					$	(3,263)					$	(8)					$	(11,973)

Six Months Ended June 30, 2019			Travelzoo North America						Travelzoo Europe						Jack’s Flight Club						Elimination						Consolidated
Revenues from unaffiliated customers			$	35,630					$	20,187					$	—					$	(51)					$	55,766
Intersegment revenues (expenses)			881						(932)						—						51						—
Total net revenues			36,511						19,255						—						—						55,766
Operating profit (loss)			$	8,053					$	2,721					$	—					$	(51)					$	10,723

Schedule of revenue and long lived assets by geographical location

The following is a summary of assets by business segment (in thousands):

As of June 30, 2020			Travelzoo North America						Travelzoo Europe						Jack’s Flight Club						Elimination						Consolidated
Long-lived assets			$	1,415					$	274					$	—					$	—					$	1,689
Total assets exclude discontinued operations			$	89,888					$	70,529					$	5,918					$	(99,234)					$	67,101

As of December 31, 2019			Travelzoo North America						Travelzoo Europe						Elimination						Consolidated
Long-lived assets			$	2,598					$	263					$	—					$	2,861
Total assets exclude discontinued operations			$	66,057					$	74,604					$	(90,084)					$	50,577

The following table sets forth the breakdown of revenues (in thousands) by category and segment. Travel revenue includes travel publications (Top 20, Travelzoo website, Newsflash, Travelzoo Network), Getaways vouchers, hotel platform and vacation packages. Local revenue includes Local Deals vouchers and entertainment offers (vouchers and direct bookings). 

			Three Months Ended																		Six Months Ended
			June 30,																		June 30,
			2020						2019						2020						2019
Travelzoo North America
Travel			$	3,910					$	15,254					$	15,066					$	31,571
Local			292						2,670						1,833						4,940
Total Travelzoo North America revenues			4,202						17,924						16,899						36,511
Travelzoo Europe
Travel			1,756						7,565						7,993						17,077
Local			101						1,117						811						2,178
Total Travelzoo Europe revenues			1,857						8,682						8,804						19,255
Jack’s Flight Club			945						—						1,628						—
Consolidated
Travelzoo Travel			5,666						22,819						23,059						48,648
Travelzoo Local			393						3,787						2,644						7,118
Jack’s Flight Club			945						—						1,628						—
Total revenues			$	7,004					$	26,606					$	27,331					$	55,766

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																		Six Months Ended
			June 30,																		June 30,
			2020						2019						2020						2019
Revenue
United States			$	3,893					$	16,329					$	15,408					$	33,224
United Kingdom			1,981						4,736						7,094						10,595
Germany			747						2,791						2,762						6,432
Rest of the world			383						2,750						2,067						5,515
Total revenues			$	7,004					$	26,606					$	27,331					$	55,766

The following table sets forth property and equipment by geographic area (in thousands):  

			June 30,						December 31,
			2020						2019
United States			$	1,218					$	2,359
Rest of the world			471						502
Total long-lived assets			$	1,689					$	2,861

X

- Definition

Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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