XML 36 R25.htm IDEA: XBRL DOCUMENT
v3.20.2

Segment Reporting and Significant Customer Information (Tables) | 9 Months Ended
--- | ---
Sep. 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 September 30, 2020 | Travelzoo North America |  | Travelzoo Europe |  | Jack’s Flight Club |  | Elimination |  | Consolidated
Revenues from unaffiliated customers | $ | 9,002 |  |  | $ | 3,798 |  |  | $ | 987 |  |  | $ | — |  |  | $ | 13,787 |
Intersegment revenues (expenses) | 141 |  |  | (141) |  |  | — |  |  | — |  |  | — |
Total net revenues | 9,143 |  |  | 3,657 |  |  | 987 |  |  | — |  |  | 13,787 |
Operating profit (loss) | $ | (696) |  |  | $ | (757) |  |  | $ | 250 |  |  | $ | — |  |  | $ | (1,203) |
Three Months Ended September 30, 2019 | Travelzoo North America |  | Travelzoo Europe |  | Jack’s Flight Club |  | Elimination |  | Consolidated
Revenues from unaffiliated customers | $ | 14,444 |  |  | $ | 9,432 |  |  | $ | — |  |  | $ | (43) |  |  | $ | 23,833 |
Intersegment revenues (expenses) | 895 |  |  | (938) |  |  | — |  |  | 43 |  |  | — |
Total net revenues | 15,339 |  |  | 8,494 |  |  | — |  |  | — |  |  | 23,833 |
Operating profit (loss) | $ | 2,620 |  |  | $ | 815 |  |  | $ | — |  |  | $ | (43) |  |  | $ | 3,392 |
Nine Months Ended September 30, 2020 | Travelzoo North America |  | Travelzoo Europe |  | Jack’s Flight Club |  | Elimination |  | Consolidated
Revenues from unaffiliated customers | $ | 25,805 |  |  | $ | 12,706 |  |  | $ | 2,615 |  |  | $ | (8) |  |  | $ | 41,118 |
Intersegment revenues (expenses) | 237 |  |  | (245) |  |  | — |  |  | 8 |  |  | — |
Total net revenues | 26,042 |  |  | 12,461 |  |  | 2,615 |  |  | — |  |  | 41,118 |
Operating profit (loss) | $ | (6,374) |  |  | $ | (3,781) |  |  | $ | (3,013) |  |  | $ | (8) |  |  | $ | (13,176) |
Nine Months Ended September 30, 2019 | Travelzoo North America |  | Travelzoo Europe |  | Jack’s Flight Club |  | Elimination |  | Consolidated
Revenues from unaffiliated customers | $ | 50,074 |  |  | $ | 29,619 |  |  | $ | — |  |  | $ | (94) |  |  | $ | 79,599 |
Intersegment revenues (expenses) | 1,776 |  |  | (1,870) |  |  | — |  |  | 94 |  |  | — |
Total net revenues | 51,850 |  |  | 27,749 |  |  | — |  |  | — |  |  | 79,599 |
Operating profit (loss) | $ | 10,673 |  |  | $ | 3,536 |  |  | $ | — |  |  | $ | (94) |  |  | $ | 14,115 |
Schedule of Revenue and Long Lived Assets by Geographical Location | The following is a summary of assets by business segment (in thousands):
As of September 30, 2020 | Travelzoo North America |  | Travelzoo Europe |  | Jack’s Flight Club |  | Elimination |  | Consolidated
Long-lived assets | $ | 1,243 |  |  | $ | 256 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,499 |
Total assets excluding discontinued operations | $ | 122,067 |  |  | $ | 84,361 |  |  | $ | 5,797 |  |  | $ | (121,247) |  |  | $ | 90,978 |
As of December 31, 2019 | Travelzoo North America |  | Travelzoo Europe |  | Elimination |  | Consolidated
Long-lived assets | $ | 2,598 |  |  | $ | 263 |  |  | $ | — |  |  | $ | 2,861 |
Total assets excluding 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 |  | Nine Months Ended |  |
| September 30, |  | September 30, |  |
| 2020 |  | 2019 |  | 2020 |  | 2019 |  |  |  |
Travelzoo North America |  |  |  |  |  |  |  |  |  |  |
Travel | $ | 8,706 |  |  | $ | 12,899 |  |  | $ | 23,772 |  |  | $ | 44,470 |  |  |  |  |
Local | 437 |  |  | 2,440 |  |  | 2,270 |  |  | 7,380 |  |  |  |  |
Total Travelzoo North America revenues | 9,143 |  |  | 15,339 |  |  | 26,042 |  |  | 51,850 |  |  |  |  |
Travelzoo Europe |  |  |  |  |  |  |  |  |  |  |
Travel | 3,449 |  |  | 7,727 |  |  | 11,442 |  |  | 24,804 |  |  |  |  |
Local | 208 |  |  | 767 |  |  | 1,019 |  |  | 2,945 |  |  |  |  |
Total Travelzoo Europe revenues | 3,657 |  |  | 8,494 |  |  | 12,461 |  |  | 27,749 |  |  |  |  |
Jack’s Flight Club | 987 |  |  | — |  |  | 2,615 |  |  | — |  |  |  |  |
Consolidated |  |  |  |  |  |  |  |  |  |  |
Travelzoo Travel | 12,155 |  |  | 20,626 |  |  | 35,214 |  |  | 69,274 |  |  |  |  |
Travelzoo Local | 645 |  |  | 3,207 |  |  | 3,289 |  |  | 10,325 |  |  |  |  |
Jack’s Flight Club | 987 |  |  | — |  |  | 2,615 |  |  | — |  |  |  |  |
Total revenues | $ | 13,787 |  |  | $ | 23,833 |  |  | $ | 41,118 |  |  | $ | 79,599 |  |  |  |  |
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 |  | Nine Months Ended |  |
| September 30, |  | September 30, |  |
| 2020 |  | 2019 |  | 2020 |  | 2019 |  |  |  |
Revenue |  |  |  |  |  |  |  |  |  |  |
United States | $ | 8,345 |  |  | $ | 13,817 |  |  | $ | 23,753 |  |  | $ | 47,041 |  |  |  |  |
United Kingdom | 3,095 |  |  | 4,335 |  |  | 10,189 |  |  | 14,930 |  |  |  |  |
Germany | 1,386 |  |  | 2,830 |  |  | 4,148 |  |  | 9,262 |  |  |  |  |
Rest of the world | 961 |  |  | 2,851 |  |  | 3,028 |  |  | 8,366 |  |  |  |  |
Total revenues | $ | 13,787 |  |  | $ | 23,833 |  |  | $ | 41,118 |  |  | $ | 79,599 |  |  |  |  |
The following table sets forth property and equipment by geographic area (in thousands):
| September 30, |  | December 31,
| 2020 |  | 2019
United States | $ | 1,025 |  |  | $ | 2,359 |
Rest of the world | 474 |  |  | 502 |
Total long-lived assets | $ | 1,499 |  |  | $ | 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 Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599 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 210.5-03.1) -URI http://asc.fasb.org/extlink&oid=120395209&loc=SL114868664-224227 + Details
Name: | us-gaap_ScheduleOfRevenuesFromExternalCustomersAndLongLivedAssetsByGeographicalAreasTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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 -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration