CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended	6 Months Ended
Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Revenues	$ 7,004	$ 26,606	$ 27,331	$ 55,766
Cost of revenues	2,141	2,672	4,844	5,537
Gross profit	4,863	23,934	22,487	50,229
Operating expenses:
Sales and marketing	4,288	13,104	17,382	26,638
Product development	566	1,763	1,994	3,422
General and administrative	6,642	4,914	12,164	9,446
Impairment of intangible assets and goodwill	0	0	2,920	0
Total operating expenses	11,496	19,781	34,460	39,506
Operating income (loss)	(6,633)	4,153	(11,973)	10,723
Other income (loss), net	(179)	(29)	(185)	16
Income (loss) from continuing operations before income taxes	(6,812)	4,124	(12,158)	10,739
Income tax expense (benefit)	(1,309)	1,066	(1,826)	2,736
Income (loss) from continuing operations	(5,503)	3,058	(10,332)	8,003
Income (loss) from discontinued operations, net of taxes	(795)	(1,730)	(3,714)	(3,555)
Net income (loss)	(6,298)	1,328	(14,046)	4,448
Net income (loss) attributable to non-controlling interest	(108)	0	(1,247)	0
Net income (loss) attributable to Travelzoo	(6,190)	1,328	(12,799)	4,448
Net income (loss) attributable to Travelzoo—continuing operations	(5,395)	3,058	(9,085)	8,003
Net income (loss) attributable to Travelzoo—discontinued operations	$ (795)	$ (1,730)	$ (3,714)	$ (3,555)
Income (loss) per share—basic
Income (loss) per share continuing operations - basic (in dollars per share)	$ (0.48)	$ 0.25	$ (0.80)	$ 0.67
Income (loss) per share discontinued operations - basic (in dollars per share)	(0.07)	(0.14)	(0.33)	(0.30)
Net income (loss) per share - basic (in dollars per share)	(0.55)	0.11	(1.13)	0.37
Income (loss) per share—diluted
Income (loss) per share continuing operations - diluted (in dollars per share)	(0.48)	0.25	(0.80)	0.66
Income (loss) per share discontinued operations - diluted (in dollars per share)	(0.07)	(0.14)	(0.33)	(0.30)
Net income (loss) per share - diluted (in dollars per share)	$ (0.55)	$ 0.11	$ (1.13)	$ 0.36
Shares used in computing basic net income (loss) per share (in shares)	11,310	12,003	11,375	11,959
Shares used in computing diluted net income (loss) per share (in shares)	11,310	12,278	11,375	12,251
Continuing Operations
Income (loss) per share—diluted
Shares used in computing basic net income (loss) per share (in shares)	11,310	12,003	11,375	11,959
Shares used in computing diluted net income (loss) per share (in shares)	11,310	12,278	11,375	12,251
Discontinued Operations
Income (loss) per share—diluted
Shares used in computing basic net income (loss) per share (in shares)	11,310	12,003	11,375	11,959
Shares used in computing diluted net income (loss) per share (in shares)	11,310	12,003	11,375	11,959

The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 924
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 11.L)
-URI http://asc.fasb.org/extlink&oid=6472922&loc=d3e499488-122856

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.2(a),(d))
-URI http://asc.fasb.org/extlink&oid=120395209&loc=SL114868664-224227