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CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY (DEFICIT) - USD ($)
shares in Thousands, $ in Thousands
Total
Total Travelzoo Stockholders’ Equity
Common Stock
Treasury Stock
Additional Paid-In Capital
Tax Indemnification
Note Receivable from Shareholder
Retained Earnings
Accumulated Other Comprehensive Loss
Non-controlling interest
Beginning balance (in shares) at Dec. 31, 2021     12,551              
Beginning balance at Dec. 31, 2021 $ 368 $ (4,232) $ 126 $ (5,488) $ 4,415 $ 0 $ 0 $ 508 $ (3,793) $ 4,600
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Stock-based compensation expense 1,456 1,456     1,456          
Repurchase of common stock (1,170) (1,170)   (1,170)            
Exercise and proceeds from exercise of stock options and taxes paid, net of share settlement (in shares)     540              
Exercise and proceeds from exercise of stock options and taxes paid, net of share settlement 1,885 1,885 $ 5   1,880          
Proceeds from short swing settlement 46 46     46          
Foreign currency translation adjustment (1,551) (1,551)             (1,551)  
Net income 4,218 4,182           4,182   36
Ending balance (in shares) at Sep. 30, 2022     13,091              
Ending balance at Sep. 30, 2022 5,252 616 $ 131 (6,658) 7,797 0 0 4,690 (5,344) 4,636
Beginning balance (in shares) at Jun. 30, 2022     13,091              
Beginning balance at Jun. 30, 2022 6,065 1,431 $ 131 (5,488) 7,426 0 0 3,895 (4,533) 4,634
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Stock-based compensation expense 325 325     325          
Repurchase of common stock (1,170) (1,170)   (1,170)            
Proceeds from short swing settlement 46 46     46          
Foreign currency translation adjustment (811) (811)             (811)  
Net income 797 795           795   2
Ending balance (in shares) at Sep. 30, 2022     13,091              
Ending balance at Sep. 30, 2022 $ 5,252 616 $ 131 (6,658) 7,797 0 0 4,690 (5,344) 4,636
Beginning balance (in shares) at Dec. 31, 2022 15,704   16,505              
Beginning balance at Dec. 31, 2022 $ 8,851 4,256 $ 165 (7,130) 23,274 (9,537) (4,753) 7,142 (4,905) 4,595
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Stock-based compensation expense 1,187 1,187     1,187          
Repurchase of common stock [1] (11,868) (11,868)   (11,868)            
Retirement of treasury stock (in shares)     (2,495)              
Retirement of treasury stock 0   $ (24) 18,998 (18,974)          
Exercise and proceeds from exercise of stock options and taxes paid, net of share settlement (in shares)     156              
Exercise and proceeds from exercise of stock options and taxes paid, net of share settlement (300) (300) $ 1   (301)          
Foreign currency translation adjustment 102 102             102  
Net income $ 8,744 8,647           8,647   97
Ending balance (in shares) at Sep. 30, 2023 14,166   14,166              
Ending balance at Sep. 30, 2023 $ 6,716 2,024 $ 142 0 5,186 (9,537) (4,753) 15,789 (4,803) 4,692
Beginning balance (in shares) at Jun. 30, 2023     15,170              
Beginning balance at Jun. 30, 2023 11,069 6,429 $ 152 0 11,816 (9,537) (4,753) 13,441 (4,690) 4,640
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Stock-based compensation expense 359 359     359          
Repurchase of common stock [2] (6,999) (6,999)   (6,999)            
Retirement of treasury stock (in shares)     (1,000)              
Retirement of treasury stock 0   $ (10) 6,999 (6,989)          
Tax withholding related to net share settlements of equity awards (in shares)     (4)              
Foreign currency translation adjustment (113) (113)             (113)  
Net income $ 2,400 2,348           2,348   52
Ending balance (in shares) at Sep. 30, 2023 14,166   14,166              
Ending balance at Sep. 30, 2023 $ 6,716 $ 2,024 $ 142 $ 0 $ 5,186 $ (9,537) $ (4,753) $ 15,789 $ (4,803) $ 4,692
[1] Includes a 1% excise tax applicable to share repurchases.
[2] Includes a 1% excise tax applicable to share repurchases.