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Acquisitions (Tables)

12 Months Ended

Dec. 31, 2023

Business Combination and Asset Acquisition [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table represents the allocation of the total cost of the MTE acquisition to the assets acquired (in thousands):

			Fair Value
Consideration for MTE assets
Fair value of Travelzoo common stock issued			$	15,175
Direct transaction costs			184
Less:
Cash received from Azzurro Capital Inc.			(1,000)
Notes receivable from Azzurro Capital Inc.			(4,753)
Total consideration for MTE assets			$	9,606
Relative fair value of the assets acquired
Cash and cash equivalents			$	6
Prepaid expenses and other			45
Property and equipment			18
Tax indemnification asset			9,537
Total assets acquired			$	9,606

Schedule of Intangible Assets

The following table presents the gross fair values and estimated useful lives of intangible assets (in thousands):

			Fair Value						Estimated Life (Years)
Customer relationships (Jack's Flight Club)			$	3,500					5.0
Trade name (Jack's Flight Club)			2,460						indefinite
Non-compete agreement (Jack's Flight Club)			660						4.0
Intangible assets (Secret Escapes Spain member database)			445						3.0
Intangible assets (Secret Escapes U.S. member database)			1,751						2.3

The following table presents the activities of intangible assets for the years ended December 31, 2023 and 2022 (in thousands):

			Jack's Flight Club						Secret Escapes Spain member database						Secret Escapes U.S. member database
Intangible assets, net—January 1, 2022			$	3,426					—						—
Acquisitions—March 2022			—						445						1,751
Amortization of intangible assets with definite lives			(875)						(118)						(778)
Impairment of trade name—December 31, 2022			(200)						—						—
Intangible assets, net—December 31, 2022			2,351						327						973
Amortization of intangible assets with definite lives			(641)						(141)						(778)
Intangible assets, net—December 31, 2023			$	1,710					$	186					$	195

Schedule of Expected Future Amortization Expense

Expected future amortization expense of acquired intangible assets as of December 31, 2023 is as follows (in thousands):

Years ending December 31,
2024			$	594
2025			47
			$	641

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- Definition

Tabular disclosure of finite-lived and indefinite-lived intangible assets acquired as part of a business combination.

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- Definition

Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree.

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-Topic 805
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-Name Accounting Standards Codification
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-Section 50
-Publisher FASB
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Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets.

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-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
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