XML 20 R4.htm IDEA: XBRL DOCUMENT v3.21.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2020
Sep. 30, 2020
Jun. 30, 2020
Mar. 31, 2020
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2020
Dec. 31, 2019
Revenues $ 12,483 $ 13,787 $ 7,004 $ 20,327 $ 25,326 $ 23,833 $ 26,606 $ 29,160 $ 53,601 $ 104,925
Cost of revenues 2,795 2,924 2,141 2,703 3,046 2,852 2,672 2,865 10,563 11,435
Gross profit 9,688 10,863 4,863 17,624 22,280 20,981 23,934 26,295 43,038 93,490
Operating expenses:                    
Sales and marketing 6,305 6,929 4,288 13,094 12,737 11,967 13,104 13,534 30,616 51,342
Product development 495 592 566 1,428 1,853 1,434 1,763 1,659 3,081 6,709
General and administrative 3,785 4,545 6,642 5,522 4,764 4,188 4,914 4,532 20,494 18,398
Impairment of intangible asset and goodwill 0 0 0 2,920         2,920 0
Total operating expenses 10,585 12,066 11,496 22,964 19,354 17,589 19,781 19,725 57,111 76,449
Operating income (loss) (897) (1,203) (6,633) (5,340) 2,926 3,392 4,153 6,570 (14,073) 17,041
Other income (loss), net 677 (37) (179) (6) (90) 32 (29) 45 455 (42)
Income (loss) from continuing operations before income taxes (220) (1,240) (6,812) (5,346) 2,836 3,424 4,124 6,615 (13,618) 16,999
Income tax expense (benefit) (368) (244) (1,309) (517) 1,116 860 1,066 1,670 (2,438) 4,712
Income (loss) from continuing operations 148 (996) (5,503) (4,829) 1,720 2,564 3,058 4,945 (11,180) 12,287
Loss from discontinued operations, net of tax 554 (230) (795) (2,919) (2,319) (2,258) (1,730) (1,825) (3,390) (8,132)
Net income (loss) 702 (1,226) (6,298) (7,748) (599) 306 1,328 3,120 (14,570) 4,155
Net loss attributable to non-controlling interest (25) 125 (108) (1,139)         (1,147) 0
Net income (loss) attributable to Travelzoo 727 (1,351) (6,190) (6,609)         (13,423) 4,155
Net income (loss) attributable to Travelzoo—continuing operations 173 (1,121) (5,395) (3,690) 1,720 2,564 3,058 4,945 (10,033) 12,287
Net loss $ 554 $ (230) $ (795) $ (2,919) $ (2,319) $ (2,258) $ (1,730) $ (1,825) $ (3,390) $ (8,132)
Income (loss) per share—basic                    
Continuing operations (in dollars per share) $ 0.02 $ (0.10) $ (0.48) $ (0.32) $ 0.15 $ 0.22 $ 0.25 $ 0.41 $ (0.88) $ 1.04
Discontinued operations (in dollars per share) 0.05 (0.02) (0.07) (0.26) (0.20) (0.19) (0.14) (0.15) (0.30) (0.69)
Net income (loss) per share, basic (in dollars per share) 0.06 (0.12) (0.55) (0.58) (0.05) 0.03 0.11 0.26 (1.18) 0.35
Income (loss) per share—diluted                    
Continuing operations (in dollars per share) 0.01 (0.10) (0.48) (0.32) 0.15 0.21 0.25 0.41 (0.88) 1.02
Discontinuing operations (in dollars per share) 0.04 (0.02) (0.07) (0.26) (0.20) (0.19) (0.14) (0.15) (0.30) (0.69)
Net income (loss) per share, diluted (in dollars per share) $ 0.06 $ (0.12) $ (0.55) $ (0.58) $ (0.05) $ 0.03 $ 0.11 $ 0.26 $ (1.18) $ 0.35
Shares used in per share calculation from operations—basic (in shares)                 11,344 11,809
Shares used in per share calculation from operations—diluted (in shares)                 11,344 12,035
Continuing Operations                    
Income (loss) per share—diluted                    
Shares used in per share calculation from operations—basic (in shares)                 11,344 11,809
Shares used in per share calculation from operations—diluted (in shares)                 11,344 12,035
Discontinued Operations                    
Income (loss) per share—diluted                    
Shares used in per share calculation from operations—basic (in shares)                 11,344 11,809
Shares used in per share calculation from operations—diluted (in shares)                 11,344 11,809