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Segment Reporting and Significant Customer Information
9 Months Ended
Sep. 30, 2022
Segment Reporting [Abstract]  
Segments Reporting and Significant Customer Information Segment Reporting and Significant Customer Information
The Company determines its reportable segments based upon the Companys chief operating decision maker managing the performance of the business. Historically, the Company managed its business geographically and operated in three reportable segments including Asia Pacific, Europe and North America. During the nine months ended September 30, 2022, the Company classified the results of its Asia Pacific segment as discontinued operations in its condensed consolidated financial statements for current and prior periods presented. On January 13, 2020, Travelzoo agreed to the SPA with the Sellers of Jack’s Flight Club to purchase 60% of the Shares. Upon acquisition, the Companys chief operating decision maker reviewed and evaluated Jacks Flight Club as a separate segment. The Company currently has three reportable operating segments: Travelzoo North America, Travelzoo Europe and Jack’s Flight Club. Travelzoo North America consists of the Company’s operations in Canada and the U.S. Travelzoo Europe consists of the Company’s operations in France, Germany, Spain, and the U.K. Jack’s Flight Club consists of subscription revenue from premium members to access and receive flight deals from Jack’s Flight Club via email or via Android or Apple mobile applications.
Management relies on an internal management reporting process that provides revenue and segment operating profit (loss) for making financial decisions and allocating resources. Management believes that segment revenues and operating profit (loss) are appropriate measures of evaluating the operational performance of the Company’s segments.
The following is a summary of operating results by business segment (in thousands):
Three Months Ended September 30, 2022Travelzoo North
America
Travelzoo EuropeJack’s Flight Club EliminationConsolidated
Revenues from unaffiliated customers$10,281 $4,721 $847 $— $15,849 
Intersegment revenues (expenses)217 (217)— — — 
Total net revenues10,498 4,504 847 — 15,849 
Operating profit (loss)$812 $(551)$12 $— $273 
Three Months Ended September 30, 2021Travelzoo North
America
Travelzoo EuropeJack’s Flight Club EliminationConsolidated
Revenues from unaffiliated customers$9,527 $5,365 $796 $— $15,688 
Intersegment revenues (expenses)136 (136)— — — 
Total net revenues9,663 5,229 796 — 15,688 
Operating profit (loss)$(918)$600 $57 $— $(261)
Nine Months Ended September 30, 2022Travelzoo North
America
Travelzoo EuropeJack’s Flight Club EliminationConsolidated
Revenues from unaffiliated customers$34,126 $15,243 $2,622 $— $51,991 
Intersegment revenues (expenses)451 (451)— — — 
Total net revenues34,577 14,792 2,622 — 51,991 
Operating profit (loss)$5,622 $(1,845)$196 $— $3,973 
Nine Months Ended September 30, 2021Travelzoo North
America
Travelzoo EuropeJack’s Flight Club EliminationConsolidated
Revenues from unaffiliated customers$33,005 $13,503 $2,543 $— $49,051 
Intersegment revenues (expenses)462 (462)— — — 
Total net revenues33,467 13,041 2,543 — 49,051 
Operating profit (loss)$2,654 $(323)$117 $— $2,448 
Property and equipment are attributed to the geographic region in which the assets are located. Revenues from unaffiliated customers excludes intersegment revenues and represents revenue with parties unaffiliated with the Company and its wholly owned subsidiaries.
The following is a summary of assets by business segment (in thousands):
As of September 30, 2022Travelzoo North
America
Travelzoo EuropeJack’s Flight ClubEliminationConsolidated
Long-lived assets$406 $99 $— $— $505 
Total assets excluding discontinued operations$99,119 $15,721 $18,777 $(65,332)$68,285 
As of December 31, 2021Travelzoo North
America
Travelzoo EuropeJack’s Flight ClubEliminationConsolidated
Long-lived assets$573 $86 $— $— $659 
Total assets excluding discontinued operations$116,700 $28,167 $18,436 $(63,647)$99,656 
For the nine months ended September 30, 2022 and 2021, the Company did not have any customers that accounted for 10% or more of revenue. As of September 30, 2022 and December 31, 2021, the Company did not have any customers that accounted for 10% or more of accounts receivable.
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 EndedNine Months Ended
 September 30,September 30,
 2022202120222021
Travelzoo North America
Travel$9,668 $9,078 $32,167 $31,141 
Local830 585 2,410 2,326 
Total Travelzoo North America revenues10,498 9,663 34,577 33,467 
Travelzoo Europe
Travel4,230 4,772 13,926 11,796 
Local274 457 866 1,245 
Total Travelzoo Europe revenues4,504 5,229 14,792 13,041 
Jack’s Flight Club
847 796 2,622 2,543 
Consolidated
Travelzoo Travel13,898 13,850 46,093 42,937 
Travelzoo Local1,104 1,042 3,276 3,571 
Jack’s Flight Club
847 796 2,622 2,543 
Total revenues$15,849 $15,688 $51,991 $49,051 
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 EndedNine Months Ended
September 30,September 30,
 2022202120222021
Revenue
United States $9,599 $8,607 $31,464 $31,042 
United Kingdom3,883 4,218 11,919 9,325 
Rest of the world2,367 2,863 8,608 8,684 
Total revenues$15,849 $15,688 $51,991 $49,051 

The following table sets forth property and equipment by geographic area (in thousands):  
 September 30,December 31,
 20222021
United States $293 $409 
Rest of the world 212 250 
Total long-lived assets$505 $659