XML 15 R4.htm IDEA: XBRL DOCUMENT v3.21.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenues $ 15,688 $ 13,787 $ 49,051 $ 41,118
Cost of revenues 2,992 2,924 8,532 7,768
Gross profit 12,696 10,863 40,519 33,350
Operating expenses:        
Sales and marketing 7,709 6,929 21,839 24,311
Product development 684 592 2,052 2,586
General and administrative 4,564 4,545 14,180 16,709
Impairment of intangible assets and goodwill 0 0 0 2,920
Total operating expenses 12,957 12,066 38,071 46,526
Operating income (loss) (261) (1,203) 2,448 (13,176)
Other income (loss), net 3,344 (37) 3,862 (222)
Income (loss) from continuing operations before income taxes 3,083 (1,240) 6,310 (13,398)
Income tax expense (benefit) 233 (244) 2,111 (2,070)
Income (loss) from continuing operations 2,850 (996) 4,199 (11,328)
Income (loss) from discontinued operations, net of taxes (19) (230) (5) (3,944)
Net income (loss) 2,831 (1,226) 4,194 (15,272)
Net income (loss) attributable to non-controlling interest 8 125 (1) (1,122)
Net income (loss) attributable to Travelzoo 2,823 (1,351) 4,195 (14,150)
Net income (loss) attributable to Travelzoo—continuing operations 2,842 (1,121) 4,200 (10,206)
Net income (loss) attributable to Travelzoo—discontinued operations $ (19) $ (230) $ (5) $ (3,944)
Income (loss) per share—basic        
Continuing operations (in dollars per share) $ 0.24 $ (0.10) $ 0.36 $ (0.90)
Discontinued operations (in dollars per share) 0 (0.02) 0 (0.35)
Net income (loss) per share - basic (in dollars per share) 0.24 (0.12) 0.36 (1.25)
Income (loss) per share—diluted        
Continuing operations (in dollars per share) 0.22 (0.10) 0.32 (0.90)
Discontinuing operations (in dollars per share) 0 (0.02) 0 (0.35)
Income (loss) per share - diluted (in dollars per share) $ 0.22 $ (0.12) $ 0.32 $ (1.25)
Shares used in per share calculation from operations—basic (in shares) 11,648 11,310 11,510 11,353
Shares used in per share calculation from operations—diluted (in shares) 12,904 11,310 13,132 11,353
Continuing Operations        
Income (loss) per share—diluted        
Shares used in per share calculation from operations—basic (in shares) 11,648 11,310 11,510 11,353
Shares used in per share calculation from operations—diluted (in shares) 12,904 11,310 13,132 11,353
Discontinued Operations        
Income (loss) per share—diluted        
Shares used in per share calculation from operations—basic (in shares) 11,648 11,310 11,510 11,353
Shares used in per share calculation from operations—diluted (in shares) 11,648 11,310 11,510 11,353