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v3.23.3

Segment Reporting and Significant Customer Information (Tables) | 9 Months Ended
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Sep. 30, 2023
Segment Reporting [Abstract] |
Schedule 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, 2023 | Travelzoo North America |  | Travelzoo Europe |  | Jack’s Flight Club |  | New Initiatives |  | Consolidated
Revenues from unaffiliated customers | $ | 13,094 |  |  | $ | 6,397 |  |  | $ | 1,080 |  |  | $ | 28 |  |  | $ | 20,599 |
Intersegment revenues (expenses) | 314 |  |  | (414) |  |  | 100 |  |  | — |  |  | — |
Total net revenues | 13,408 |  |  | 5,983 |  |  | 1,180 |  |  | 28 |  |  | 20,599 |
Operating profit (loss) | $ | 3,015 |  |  | $ | 267 |  |  | $ | 144 |  |  | $ | (317) |  |  | $ | 3,109 |
Three Months Ended September 30, 2022 | Travelzoo North America |  | Travelzoo Europe |  | Jack’s Flight Club |  | New Initiatives |  | Consolidated
Revenues from unaffiliated customers | $ | 10,273 |  |  | $ | 4,721 |  |  | $ | 847 |  |  | $ | 8 |  |  | $ | 15,849 |
Intersegment revenues (expenses) | 217 |  |  | (217) |  |  | — |  |  | — |  |  | — |
Total net revenues | 10,490 |  |  | 4,504 |  |  | 847 |  |  | 8 |  |  | 15,849 |
Operating profit (loss) | $ | 1,021 |  |  | $ | (551) |  |  | $ | 12 |  |  | $ | (209) |  |  | $ | 273 |
Nine Months Ended September 30, 2023 | Travelzoo North America |  | Travelzoo Europe |  | Jack’s Flight Club |  | New Initiatives |  | Consolidated
Revenues from unaffiliated customers | $ | 41,303 |  |  | $ | 18,937 |  |  | $ | 3,039 |  |  | $ | 49 |  |  | $ | 63,328 |
Intersegment revenues (expenses) | 996 |  |  | (1,180) |  |  | 184 |  |  | — |  |  | — |
Total net revenues | 42,299 |  |  | 17,757 |  |  | 3,223 |  |  | 49 |  |  | 63,328 |
Operating profit (loss) | $ | 11,284 |  |  | $ | 485 |  |  | $ | 196 |  |  | $ | (872) |  |  | $ | 11,093 |
Nine Months Ended September 30, 2022 | Travelzoo North America |  | Travelzoo Europe |  | Jack’s Flight Club |  | New Initiatives |  | Consolidated
Revenues from unaffiliated customers | $ | 34,108 |  |  | $ | 15,243 |  |  | $ | 2,622 |  |  | $ | 18 |  |  | $ | 51,991 |
Intersegment revenues (expenses) | 451 |  |  | (451) |  |  | — |  |  | — |  |  | — |
Total net revenues | 34,559 |  |  | 14,792 |  |  | 2,622 |  |  | 18 |  |  | 51,991 |
Operating profit (loss) | $ | 6,113 |  |  | $ | (1,845) |  |  | $ | 196 |  |  | $ | (491) |  |  | $ | 3,973 |
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, 2023 | Travelzoo North America |  | Travelzoo Europe |  | Jack’s Flight Club |  | New Initiatives |  | Elimination |  | Consolidated
Long-lived assets | $ | 183 |  |  | $ | 102 |  |  | $ | — |  |  | $ | 336 |  |  | $ | — |  |  | $ | 621 |
Total assets excluding discontinued operations | $ | 95,181 |  |  | $ | 19,563 |  |  | $ | 19,744 |  |  | $ | 467 |  |  | $ | (79,154) |  |  | $ | 55,801 |
As of December 31, 2022 | Travelzoo North America |  | Travelzoo Europe |  | Jack’s Flight Club |  | New Initiatives |  | Elimination |  | Consolidated
Long-lived assets | $ | 375 |  |  | $ | 86 |  |  | $ | — |  |  | $ | 196 |  |  | $ | — |  |  | $ | 657 |
Total assets excluding discontinued operations | $ | 97,693 |  |  | $ | 19,253 |  |  | $ | 18,737 |  |  | $ | 267 |  |  | $ | (68,687) |  |  | $ | 67,263 |
The following table sets forth the breakdown of revenues (in thousands) by category and segment. Travel revenue includes travel publications (Top 20, Travelzoo website, Standalone email newsletters, 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,
| 2023 |  | 2022 |  | 2023 |  | 2022
Travelzoo North America |  |  |  |  |  |  |
Travel | $ | 12,751 |  |  | $ | 9,660 |  |  | $ | 40,349 |  |  | $ | 32,149 |
Local | 657 |  |  | 830 |  |  | 1,950 |  |  | 2,410 |
Total Travelzoo North America revenues | 13,408 |  |  | 10,490 |  |  | 42,299 |  |  | 34,559 |
Travelzoo Europe |  |  |  |  |  |  |
Travel | 5,650 |  |  | 4,230 |  |  | 16,746 |  |  | 13,926 |
Local | 333 |  |  | 274 |  |  | 1,011 |  |  | 866 |
Total Travelzoo Europe revenues | 5,983 |  |  | 4,504 |  |  | 17,757 |  |  | 14,792 |
Jack’s Flight Club | 1,180 |  |  | 847 |  |  | 3,223 |  |  | 2,622 |
New Initiatives | 28 |  |  | 8 |  |  | 49 |  |  | 18 |
Consolidated |  |  |  |  |  |  |
Travelzoo Travel | 18,401 |  |  | 13,890 |  |  | 57,095 |  |  | 46,075 |
Travelzoo Local | 990 |  |  | 1,104 |  |  | 2,961 |  |  | 3,276 |
Jack’s Flight Club | 1,180 |  |  | 847 |  |  | 3,223 |  |  | 2,622 |
New Initiatives | 28 |  |  | 8 |  |  | 49 |  |  | 18 |
Total revenues | $ | 20,599 |  |  | $ | 15,849 |  |  | $ | 63,328 |  |  | $ | 51,991 |
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,
| 2023 |  | 2022 |  | 2023 |  | 2022
Revenue |  |  |  |  |  |  |
United States | $ | 12,225 |  |  | $ | 9,599 |  |  | $ | 38,447 |  |  | $ | 31,464 |
United Kingdom | 4,915 |  |  | 3,883 |  |  | 14,735 |  |  | 11,919 |
Germany | 1,992 |  |  | 1,276 |  |  | 5,225 |  |  | 4,485 |
Rest of the world | 1,467 |  |  | 1,091 |  |  | 4,921 |  |  | 4,123 |
Total revenues | $ | 20,599 |  |  | $ | 15,849 |  |  | $ | 63,328 |  |  | $ | 51,991 |
The following table sets forth property and equipment by geographic area (in thousands):
| September 30, |  | December 31,
| 2023 |  | 2022
United States | $ | 122 |  |  | $ | 274 |
China (Hong Kong) | 336 |  |  | 196 |
Rest of the world | 163 |  |  | 187 |
Total long-lived assets | $ | 621 |  |  | $ | 657 |

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- 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 -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-25 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
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