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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 15,713 $ 18,693
Accounts receivable, net of allowance of $1,484 and $1,468 as of December 31, 2023 and 2022, respectively 12,965 13,820
Prepaid income taxes 629 1,778
Prepaid expenses and other 1,460 1,289
Assets from discontinued operations 1 11
Total current assets 30,768 35,591
Deposits and other 1,115 5,094
Deferred tax assets 3,196 3,222
Restricted cash 675 675
Operating lease right-of-use assets 6,015 7,440
Property and equipment, net 578 657
Intangible assets, net 2,091 3,651
Goodwill 10,944 10,944
Total assets 55,382 67,274
Current liabilities:    
Accounts payable 4,546 4,271
Merchant payables 20,622 32,574
Accrued expenses and other 3,658 5,049
Deferred revenue 2,044 2,216
Operating lease liabilities 2,530 2,972
Income tax payable 766 0
Liabilities from discontinued operations 24 452
Total current liabilities 34,190 47,534
Long-term tax liabilities 4,681 1,569
Long-term operating lease liabilities 6,717 8,326
Other long-term liabilities 911 994
Total liabilities 46,499 58,423
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.01 par value per share (5,000 shares authorized; none issued) 0 0
Common stock, $0.01 par value (20,000 shares authorized as of December 31, 2023 and 2022, respectively; 13,575 shares issued and outstanding as of December 31, 2023, 16,505 shares issued and 15,704 shares outstanding as of December 31, 2022 ) 136 165
Treasury stock, at cost (801 shares as of December 31, 2022) 0 (7,130)
Additional paid-in capital 439 23,274
Tax indemnification (9,537) (9,537)
Note receivable from shareholder (1,753) (4,753)
Retained earnings 19,508 7,142
Accumulated other comprehensive loss (4,607) (4,905)
Total Travelzoo stockholders’ equity 4,186 4,256
Non-controlling interest 4,697 4,595
Total stockholders’ equity 8,883 8,851
Total liabilities and stockholders’ equity $ 55,382 $ 67,274