XML 37 R26.htm IDEA: XBRL DOCUMENT v3.21.2

Segment Reporting and Significant Customer Information (Tables)

9 Months Ended

Sep. 30, 2021

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, 2021			Travelzoo North America						Travelzoo Europe						Jack’s Flight Club						Elimination						Consolidated
Revenues from unaffiliated customers			$	9,527					$	5,365					$	796					$	—					$	15,688
Intersegment revenues (expenses)			136						(136)						—						—						—
Total net revenues			9,663						5,229						796						—						15,688
Operating profit (loss)			$	(918)					$	600					$	57					$	—					$	(261)

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)

Nine Months Ended September 30, 2021			Travelzoo North America						Travelzoo Europe						Jack’s Flight Club						Elimination						Consolidated
Revenues from unaffiliated customers			$	33,005					$	13,503					$	2,543					$	—					$	49,051
Intersegment revenues (expenses)			462						(462)						—						—						—
Total net revenues			33,467						13,041						2,543						—						49,051
Operating profit (loss)			$	2,654					$	(323)					$	117					$	—					$	2,448

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 loss			$	(6,374)					$	(3,781)					$	(3,013)					$	(8)					$	(13,176)

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, 2021			Travelzoo North America						Travelzoo Europe						Jack’s Flight Club						Elimination						Consolidated
Long-lived assets			$	685					$	109					$	—					$	—					$	794
Total assets excluding discontinued operations			$	140,116					$	34,754					$	6,468					$	(64,531)					$	116,807

As of December 31, 2020			Travelzoo North America						Travelzoo Europe						Jack’s Flight Club						Elimination						Consolidated
Long-lived assets			$	1,123					$	224					$	—					$	—					$	1,347
Total assets excluding discontinued operations			$	138,020					$	31,659					$	5,796					$	(73,305)					$	102,170

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,
			2021						2020						2021						2020
Travelzoo North America
Travel			$	9,078					$	8,706					$	31,141					$	23,772
Local			585						437						2,326						2,270
Total Travelzoo North America revenues			9,663						9,143						33,467						26,042
Travelzoo Europe
Travel			4,772						3,449						11,796						11,442
Local			457						208						1,245						1,019
Total Travelzoo Europe revenues			5,229						3,657						13,041						12,461
Jack’s Flight Club			796						987						2,543						2,615
Consolidated
Travelzoo Travel			13,850						12,155						42,937						35,214
Travelzoo Local			1,042						645						3,571						3,289
Jack’s Flight Club			796						987						2,543						2,615
Total revenues			$	15,688					$	13,787					$	49,051					$	41,118

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,
			2021						2020						2021						2020
Revenue
United States			$	8,607					$	8,345					$	31,042					$	23,753
United Kingdom			4,218						3,095						9,325						10,189
Germany			1,390						1,386						4,287						4,148
Rest of the world			1,473						961						4,397						3,028
Total revenues			$	15,688					$	13,787					$	49,051					$	41,118

The following table sets forth property and equipment by geographic area (in thousands):  

			September 30,						December 31,
			2021						2020
United States			$	522					$	912
Rest of the world			272						435
Total long-lived assets			$	794					$	1,347

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=123359005&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=123367319&loc=SL114868664-224227

+ Details

Name:	us-gaap_ScheduleOfRevenuesFromExternalCustomersAndLongLivedAssetsByGeographicalAreasTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types: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=123359005&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=123359005&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=123359005&loc=d3e8906-108599

+ Details

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types: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