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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues $ 13,787 $ 23,833 $ 41,118 $ 79,599
Cost of revenues 2,924 2,852 7,768 8,389
Gross profit 10,863 20,981 33,350 71,210
Operating expenses:        
Sales and marketing 6,929 11,967 24,311 38,605
Product development 592 1,434 2,586 4,856
General and administrative 4,545 4,188 16,709 13,634
Impairment of intangible assets and goodwill 0 0 2,920 0
Total operating expenses 12,066 17,589 46,526 57,095
Operating income (loss) (1,203) 3,392 (13,176) 14,115
Other income (loss), net (37) 32 (222) 48
Income (loss) from continuing operations before income taxes (1,240) 3,424 (13,398) 14,163
Income tax expense (benefit) (244) 860 (2,070) 3,596
Income (loss) from continuing operations (996) 2,564 (11,328) 10,567
Income (loss) from discontinued operations, net of taxes (230) (2,258) (3,944) (5,813)
Net income (loss) (1,226) 306 (15,272) 4,754
Net income (loss) attributable to non-controlling interest 125 0 (1,122) 0
Net income (loss) attributable to Travelzoo (1,351) 306 (14,150) 4,754
Net income (loss) attributable to Travelzoo—continuing operations (1,121) 2,564 (10,206) 10,567
Net income (loss) attributable to Travelzoo—discontinued operations $ (230) $ (2,258) $ (3,944) $ (5,813)
Income (loss) per share—basic        
Continuing operations (in dollars per share) $ (0.10) $ 0.22 $ (0.90) $ 0.89
Discontinued operations (in dollars per share) (0.02) (0.19) (0.35) (0.49)
Net income (loss) per share - basic (in dollars per share) (0.12) 0.03 (1.25) 0.40
Income (loss) per share—diluted        
Continuing operations (in dollars per share) (0.10) 0.21 (0.90) 0.87
Discontinuing operations (in dollars per share) (0.02) (0.19) (0.35) (0.49)
Net income (loss) per share - diluted (in dollars per share) $ (0.12) $ 0.03 $ (1.25) $ 0.39
Shares used in per share calculation from operations—basic (in shares) 11,310 11,767 11,353 11,894
Shares used in per share calculation from operations—diluted (in shares) 11,310 11,956 11,353 12,152
Continuing Operations        
Income (loss) per share—diluted        
Shares used in per share calculation from operations—basic (in shares) 11,310 11,767 11,353 11,894
Shares used in per share calculation from operations—diluted (in shares) 11,310 11,956 11,353 12,152
Discontinued Operations        
Income (loss) per share—diluted        
Shares used in per share calculation from operations—basic (in shares) 11,310 11,767 11,353 11,894
Shares used in per share calculation from operations—diluted (in shares) 11,310 11,767 11,353 11,894