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Segment Reporting and Significant Customer Information
6 Months Ended
Jun. 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 six months ended June 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 June 30, 2022Travelzoo North
America
Travelzoo EuropeJack’s Flight Club EliminationConsolidated
Revenues from unaffiliated customers$12,342 $4,395 $952 $— $17,689 
Intersegment revenues (expenses)41 (41)— — — 
Total net revenues12,383 4,354 952 — 17,689 
Operating profit (loss)$3,092 $(1,472)$161 $— $1,781 
Three Months Ended June 30, 2021Travelzoo North
America
Travelzoo EuropeJack’s Flight Club EliminationConsolidated
Revenues from unaffiliated customers$13,650 $4,569 $860 $— $19,079 
Intersegment revenues (expenses)335 (335)— — — 
Total net revenues13,985 4,234 860 — 19,079 
Operating profit (loss)$3,533 $(227)$170 $— $3,476 
Six Months Ended June 30, 2022Travelzoo North
America
Travelzoo EuropeJack’s Flight Club EliminationConsolidated
Revenues from unaffiliated customers$23,845 $10,522 $1,775 $— $36,142 
Intersegment revenues (expenses)234 (234)— — — 
Total net revenues24,079 10,288 1,775 — 36,142 
Operating profit (loss)$4,810 $(1,294)$184 $— $3,700 
Six Months Ended June 30, 2021Travelzoo North
America
Travelzoo EuropeJack’s Flight Club EliminationConsolidated
Revenues from unaffiliated customers$23,478 $8,138 $1,747 $— $33,363 
Intersegment revenues (expenses)326 (326)— — — 
Total net revenues23,804 7,812 1,747 — 33,363 
Operating profit (loss)$3,572 $(923)$60 $— $2,709 
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 June 30, 2022Travelzoo North
America
Travelzoo EuropeJack’s Flight ClubEliminationConsolidated
Long-lived assets$316 $234 $— $— $550 
Total assets excluding discontinued operations$105,331 $18,307 $18,746 $(63,938)$78,446 
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 six months ended June 30, 2022 and 2021, the Company did not have any customers that accounted for 10% or more of revenue. As of June 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 EndedSix Months Ended
 June 30,June 30,
 2022202120222021
Travelzoo North America
Travel$11,449 $13,073 $22,499 $22,063 
Local934 912 1,580 1,741 
Total Travelzoo North America revenues12,383 13,985 24,079 23,804 
Travelzoo Europe
Travel4,072 3,723 9,696 7,024 
Local282 511 592 788 
Total Travelzoo Europe revenues4,354 4,234 10,288 7,812 
Jack’s Flight Club
952 860 1,775 1,747 
Consolidated
Travelzoo Travel15,521 16,796 32,195 29,087 
Travelzoo Local1,216 1,423 2,172 2,529 
Jack’s Flight Club
952 860 1,775 1,747 
Total revenues$17,689 $19,079 $36,142 $33,363 
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 EndedSix Months Ended
June 30,June 30,
 2022202120222021
Revenue
United States $11,222 $13,214 $21,865 $22,435 
United Kingdom4,037 2,987 8,036 5,107 
Germany957 1,729 3,209 2,897 
Rest of the world1,473 1,149 3,032 2,924 
Total revenues$17,689 $19,079 $36,142 $33,363 

The following table sets forth property and equipment by geographic area (in thousands):  
 June 30,December 31,
 20222021
United States $316 $409 
Rest of the world 234 250 
Total long-lived assets$550 $659