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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 19,513 $ 18,693
Accounts receivable, less allowance for doubtful accounts of $1,345 and $1,468 as of June 30, 2023 and December 31, 2022, respectively 10,287 13,820
Prepaid income taxes 801 1,778
Prepaid expenses and other 1,368 1,289
Assets from discontinued operations 10 11
Total current assets 31,979 35,591
Deposits and other 2,492 5,094
Deferred tax assets 3,222 3,222
Restricted cash 675 675
Operating lease right-of-use assets 6,292 7,440
Property and equipment, net 652 657
Intangible assets, net 2,860 3,651
Goodwill 10,944 10,944
Total assets 59,116 67,274
Current liabilities:    
Accounts payable 2,254 4,271
Merchant payables 23,885 32,574
Accrued expenses and other 4,316 5,049
Deferred revenue 2,697 2,216
Income tax payable 234 0
Operating lease liabilities 2,395 2,972
Liabilities from discontinued operations 451 452
Total current liabilities 36,232 47,534
Long-term operating lease liabilities 7,493 8,326
Other long-term liabilities 4,322 2,563
Total liabilities 48,047 58,423
Commitments and contingencies 0 0
Stockholders’ equity:    
Common stock, $0.01 par value (20,000 shares authorized; 15,170 shares issued and outstanding as of June 30, 2023, 16,505 shares issued and 15,704 outstanding as of December 31, 2022) 152 165
Treasury stock (at cost, 801 shares at December 31, 2022) 0 (7,130)
Additional paid in capital 11,816 23,274
Tax indemnification (9,537) (9,537)
Note receivable from shareholder (4,753) (4,753)
Retained earnings 13,441 7,142
Accumulated other comprehensive loss (4,690) (4,905)
Total Travelzoo stockholders’ equity 6,429 4,256
Non-controlling interest 4,640 4,595
Total stockholders’ equity 11,069 8,851
Total liabilities and stockholders’ equity $ 59,116 $ 67,274