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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 19,138 $ 18,693
Accounts receivable, less allowance for doubtful accounts of $1,386 and $1,468 as of March 31, 2023 and December 31, 2022, respectively 13,672 13,820
Prepaid income taxes 1,401 1,778
Prepaid expenses and other 1,764 1,289
Assets from discontinued operations 10 11
Total current assets 35,985 35,591
Deposits and other 4,618 5,094
Deferred tax assets 3,248 3,222
Restricted cash 679 675
Operating lease right-of-use assets 6,852 7,440
Property and equipment, net 692 657
Intangible assets, net 3,249 3,651
Goodwill 10,944 10,944
Total assets 66,267 67,274
Current liabilities:    
Accounts payable 3,143 4,271
Merchant payables 27,976 32,574
Accrued expenses and other 4,611 5,049
Deferred revenue 3,124 2,216
Operating lease liabilities 2,682 2,972
Liabilities from discontinued operations 453 452
Total current liabilities 41,989 47,534
Long-term operating lease liabilities 7,926 8,326
Other long-term liabilities 3,530 2,563
Total liabilities 53,445 58,423
Commitments and contingencies 0 0
Non-controlling interest 0  
Stockholders’ equity:    
Common stock, $0.01 par value (20,000 shares authorized; 16,505 shares issued and 15,669 shares outstanding and 16,505 shares issued and 15,704 outstanding as of March 31, 2023 and December 31, 2022, respectively) 165 165
Treasury stock (at cost, 836 shares at March 31, 2023 and 801 shares at December 31, 2022) (7,316) (7,130)
Additional paid in capital 23,670 23,274
Tax indemnification (9,537) (9,537)
Note receivable from shareholder (4,753) (4,753)
Retained earnings 10,815 7,142
Accumulated other comprehensive loss (4,825) (4,905)
Total Travelzoo stockholders’ equity 8,219 4,256
Non-controlling interest 4,603 4,595
Total stockholders’ equity 12,822 8,851
Total liabilities and stockholders’ equity $ 66,267 $ 67,274