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