Travelzoo (TZOO) 10-K 31 Mar 21 2020 FY Annual report Financial data

Cover Page

Cover Page - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Mar. 19, 2021	Jun. 30, 2020
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2020
Current Fiscal Year End Date	--12-31
Document Transition Report	false
Entity File Number	000-50171
Entity Registrant Name	Travelzoo
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	36-4415727
Entity Address, Address Line One	590 Madison Avenue
Entity Address, Address Line Two	35th Floor
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10022
City Area Code	212)
Local Phone Number	484-4900
Title of 12(b) Security	Common Stock, $0.01 par value
Trading Symbol	TZOO
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Auditor Attestation Flag	false
Entity Shell Company	false
Entity Public Float			$ 38,309
Entity Common Stock, Shares Outstanding		11,498,833
Documents Incorporated by Reference	Portions of the Registrant's Proxy Statement for its 2021 Annual Meeting of Stockholders are incorporated by reference in this Form 10-K in response to Part III, Items 10, 11, 12, 13, and 14.
Entity Central Index Key	0001133311
Amendment Flag	false
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	FY

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents	$ 63,061	$ 18,743
Accounts receivable, less allowance for doubtful accounts of $2,814 and $1,106 as of December 31, 2020 and 2019, respectively	4,519	11,209
Prepaid income taxes	931	989
Prepaid expenses and other	1,303	2,393
Assets from discontinued operations	230	2,776
Total current assets	70,044	36,110
Deposits and other	745	572
Deferred tax assets	5,067	2,051
Restricted cash	1,178	1,135
Investment in WeGo	0	2,484
Operating lease right-of-use assets	8,541	8,140
Property and equipment, net	1,347	2,861
Intangible assets, net	4,534	0
Goodwill	10,944	0
Long-term assets from discontinued operations	0	1,185
Total assets	102,400	54,538
Current liabilities:
Accounts payable	6,996	6,382
Merchant payables	57,104	12,967
Accrued expenses and other	8,649	6,281
Deferred revenue	2,688	786
Operating lease liabilities	3,587	4,847
PPP notes payable—current portion	2,849	0
Income tax payable	326	914
Liabilities from discontinued operations	671	2,817
Total current liabilities	82,870	34,994
PPP notes payable	814	0
Deferred tax liabilities	357	0
Long-term operating lease liabilities	10,774	7,920
Other long-term liabilities	1,085	443
Long-term liabilities from discontinued operations	0	318
Total liabilities	95,900	43,675
Commitments and contingencies
Non-controlling interest	4,609	0
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, 2020 and 2019, respectively; 11,365 and 11,479 shares issued and outstanding as of December 31, 2020 and 2019, respectively)	114	115
Additional paid-in capital	6,239	0
Retained earnings (accumulated deficit)	(403)	14,200
Accumulated other comprehensive loss	(4,059)	(3,452)
Total stockholders’ equity	1,891	10,863
Total liabilities and stockholders’ equity	$ 102,400	$ 54,538

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Assets, Current [Abstract]
Accounts receivable, less allowance for doubtful accounts	$ 2,814	$ 1,106
Stockholders' Equity Attributable to Parent [Abstract]
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	5,000,000	5,000,000
Preferred stock, shares issued (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	20,000,000	20,000,000
Common stock, shares issued (in shares)	11,365,000	11,479,000
Common stock, shares outstanding (in shares)	11,365,000	11,479,000

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2020	Dec. 31, 2019
Revenues	$ 12,483	$ 13,787	$ 7,004	$ 20,327	$ 25,326	$ 23,833	$ 26,606	$ 29,160	$ 53,601	$ 104,925
Cost of revenues	2,795	2,924	2,141	2,703	3,046	2,852	2,672	2,865	10,563	11,435
Gross profit	9,688	10,863	4,863	17,624	22,280	20,981	23,934	26,295	43,038	93,490
Operating expenses:
Sales and marketing	6,305	6,929	4,288	13,094	12,737	11,967	13,104	13,534	30,616	51,342
Product development	495	592	566	1,428	1,853	1,434	1,763	1,659	3,081	6,709
General and administrative	3,785	4,545	6,642	5,522	4,764	4,188	4,914	4,532	20,494	18,398
Impairment of intangible asset and goodwill	0	0	0	2,920					2,920	0
Total operating expenses	10,585	12,066	11,496	22,964	19,354	17,589	19,781	19,725	57,111	76,449
Operating income (loss)	(897)	(1,203)	(6,633)	(5,340)	2,926	3,392	4,153	6,570	(14,073)	17,041
Other income (loss), net	677	(37)	(179)	(6)	(90)	32	(29)	45	455	(42)
Income (loss) from continuing operations before income taxes	(220)	(1,240)	(6,812)	(5,346)	2,836	3,424	4,124	6,615	(13,618)	16,999
Income tax expense (benefit)	(368)	(244)	(1,309)	(517)	1,116	860	1,066	1,670	(2,438)	4,712
Income (loss) from continuing operations	148	(996)	(5,503)	(4,829)	1,720	2,564	3,058	4,945	(11,180)	12,287
Loss from discontinued operations, net of tax	554	(230)	(795)	(2,919)	(2,319)	(2,258)	(1,730)	(1,825)	(3,390)	(8,132)
Net income (loss)	702	(1,226)	(6,298)	(7,748)	(599)	306	1,328	3,120	(14,570)	4,155
Net loss attributable to non-controlling interest	(25)	125	(108)	(1,139)					(1,147)	0
Net income (loss) attributable to Travelzoo	727	(1,351)	(6,190)	(6,609)					(13,423)	4,155
Net income (loss) attributable to Travelzoo—continuing operations	173	(1,121)	(5,395)	(3,690)	1,720	2,564	3,058	4,945	(10,033)	12,287
Net loss	$ 554	$ (230)	$ (795)	$ (2,919)	$ (2,319)	$ (2,258)	$ (1,730)	$ (1,825)	$ (3,390)	$ (8,132)
Income (loss) per share—basic
Continuing operations (in dollars per share)	$ 0.02	$ (0.10)	$ (0.48)	$ (0.32)	$ 0.15	$ 0.22	$ 0.25	$ 0.41	$ (0.88)	$ 1.04
Discontinued operations (in dollars per share)	0.05	(0.02)	(0.07)	(0.26)	(0.20)	(0.19)	(0.14)	(0.15)	(0.30)	(0.69)
Net income (loss) per share, basic (in dollars per share)	0.06	(0.12)	(0.55)	(0.58)	(0.05)	0.03	0.11	0.26	(1.18)	0.35
Income (loss) per share—diluted
Continuing operations (in dollars per share)	0.01	(0.10)	(0.48)	(0.32)	0.15	0.21	0.25	0.41	(0.88)	1.02
Discontinuing operations (in dollars per share)	0.04	(0.02)	(0.07)	(0.26)	(0.20)	(0.19)	(0.14)	(0.15)	(0.30)	(0.69)
Net income (loss) per share, diluted (in dollars per share)	$ 0.06	$ (0.12)	$ (0.55)	$ (0.58)	$ (0.05)	$ 0.03	$ 0.11	$ 0.26	$ (1.18)	$ 0.35
Shares used in per share calculation from operations—basic (in shares)									11,344	11,809
Shares used in per share calculation from operations—diluted (in shares)									11,344	12,035
Continuing Operations
Income (loss) per share—diluted
Shares used in per share calculation from operations—basic (in shares)									11,344	11,809
Shares used in per share calculation from operations—diluted (in shares)									11,344	12,035
Discontinued Operations
Income (loss) per share—diluted
Shares used in per share calculation from operations—basic (in shares)									11,344	11,809
Shares used in per share calculation from operations—diluted (in shares)									11,344	11,809

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ (14,570)	$ 4,155
Other comprehensive income (loss):
Foreign currency translation adjustment	(607)	762
Total comprehensive income (loss)	$ (15,177)	$ 4,917

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-In Capital	Retained Earnings (Accumulated Deficit)	Accumulated Other Comprehensive Loss
Beginning balance (in shares) at Dec. 31, 2018		11,962,000
Beginning balance at Dec. 31, 2018	$ 14,059	$ 120	$ 0	$ 18,153	$ (4,214)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation expense	993		993
Repurchase and retirement of common stock (in shares)		(737,000)
Repurchase and retirement of common stock	$ (10,816)	$ (5)	(2,703)	(8,108)
Proceeds from exercise of stock options, net of share settlement (in shares)	300,000	254,000
Proceeds from exercise of stock options, net of share settlement	$ 1,710		1,710
Foreign currency translation adjustment	762				762
Net income (loss) attributable to Travelzoo	$ 4,155			4,155
Ending balance (in shares) at Dec. 31, 2019	11,479,000	11,479,000
Ending balance at Dec. 31, 2019	$ 10,863	$ 115	0	14,200	(3,452)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation expense	6,203		6,203
Repurchase and retirement of common stock (in shares)		(169,000)
Repurchase and retirement of common stock	$ (1,205)	$ (2)	(23)	(1,180)
Proceeds from exercise of stock options, net of share settlement (in shares)	75,000	55,000
Proceeds from exercise of stock options, net of share settlement	$ 60	$ 1	59
Foreign currency translation adjustment	(607)				(607)
Net income (loss) attributable to Travelzoo	$ (13,423)			(13,423)
Ending balance (in shares) at Dec. 31, 2020	11,365,000	11,365,000
Ending balance at Dec. 31, 2020	$ 1,891	$ 114	$ 6,239	$ (403)	$ (4,059)

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Cash flows from operating activities:
Net income (loss)	$ (14,570)	$ 4,155
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	2,314	1,318
Stock-based compensation	6,203	993
Deferred income tax	(3,413)	258
Impairment of intangible asset and goodwill	2,920	0
Gain on notes payable settlement	(1,500)	0
Gain on sale of long-lived assets	(385)	0
Loss on equity investment in WeGo	474	821
Gain on sale of equity investment in WeGo	(468)
Net foreign currency effect	(685)	80
Provision of loss on accounts receivable and refund reserve	5,375	325
Changes in operating assets and liabilities:
Accounts receivable	6,196	(728)
Prepaid income taxes	75	(600)
Prepaid expenses and other	1,183	(626)
Accounts payable	(748)	1,104
Merchant payables	44,136	1,957
Accrued expenses and other	(2,112)	(242)
Income tax payable	(540)	373
Other liabilities	2,564	2,048
Net Cash Provided by (Used in) Operating Activities, Total	47,019	11,236
Cash flows from investing activities:
Acquisition of business, net of cash acquired	(679)	0
Other investment	(430)	(673)
Proceeds from sale of equity investment in WeGo	2,607	0
Purchases of property and equipment	(253)	(474)
Proceeds from sale of long-lived assets	822	0
Net cash provided by (used in) investing activities	2,067	(1,147)
Cash flows from financing activities:
Repurchase of common stock	(1,205)	(10,816)
Payment of promissory notes	(9,500)	0
Proceeds from PPP notes payable	3,663	0
Proceeds from exercise of stock options, net of taxes paid for net share settlement of equity awards	60	1,710
Net cash used in financing activities	(6,982)	(9,106)
Effect of exchange rate changes on cash and cash equivalents	1,571	266
Net increase in cash, cash equivalents and restricted cash	43,675	1,249
Cash, cash equivalents and restricted cash at beginning of year	20,710	19,461
Cash, cash equivalents and restricted cash at end of year	64,385	20,710
Supplemental Cash Flow Information [Abstract]
Cash paid for income taxes, net	1,954	4,720
Cash paid for interest	142	0
Right-of-use assets obtained in exchange for lease obligations—operating leases	3,207	4,066
Cash paid for amounts included in the measurement of lease liabilities	4,701	5,620
Non-cash investing and financing activities:
Issuance of promissory notes to the sellers of Jack's Flight Club	$ 11,000	$ 0

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies (a) The Company and Basis of Presentation Travelzoo® is a global Internet media company. We provide our 30 million members insider deals and one-of-a-kind experiences personally reviewed by one of our deal experts around the globe. We have our finger on the pulse of outstanding travel, entertainment, and lifestyle experiences. For over 20 years we have worked in partnership with more than 5,000 top travel suppliers—our long-standing relationships give Travelzoo members access to irresistible deals. Travelzoo's revenues are generated primarily from advertising fees. Our publications and products include the Travelzoo website, the Travelzoo iPhone and Android apps, the Travelzoo Top 20® email newsletter, the Newsflash email alert service, and the Travelzoo Network , a network of third-party websites that list travel deals published by Travelzoo (“Travelzoo” or the "Company"). Our Travelzoo website includes Local Deals and Getaways listings that allow our members to purchase vouchers for deals from local businesses such as spas, hotels and restaurants. We receive a percentage of the face value of the voucher from the local businesses . Jack’s Flight Club product include Jack’s Flight Club newsletter. APAC Exit In March 2020, Travelzoo exited its loss-making Asia Pacific business. The Company’s Asia Pacific business was classified as discontinued operations at March 31, 2020. Prior periods have been reclassified to conform with the current presentation. On June 16, 2020, in connection with its Asia Pacific exit plan, the Company completed a sale of 100% of the outstanding capital stock of Travelzoo Japan K.K, a stock company organized under the laws of Japan (“Travelzoo Japan”), to Mr. Hajime Suzuki, the former General Manager of Travelzoo Japan (the "Japan Buyer") for consideration of 1 Japanese Yen. The Company recorded approximately $128,000 loss upon disposal of Japan in the year ended December 31, 2020. The parties also entered into a License Agreement, whereby the Travelzoo Japan obtained a license to use the intellectual property of Travelzoo exclusively in Japan in exchange for quarterly royalty payments based on net revenue over a 5 year term, with an option to renew. An interest free loan was provided to the Japan Buyer for JPY 46 million (approximately $430,000) to be repaid over 3 years which the Company recorded as other assets on the consolidated balance sheet as of December 31, 2020. Additionally, on August 24, 2020, the Company completed a sale of 100% of the outstanding capital stock of Travelzoo (Singapore) Pty Ltd, a limited company organized under the laws of Singapore (“Travelzoo Singapore”), to an unaffiliated entity, Finest Hotels Pty Ltd, a limited company organized under the laws of Australia (“AUS Buyer”), which is fully owned by Mr. Julian Rembrandt, the former General Manager of Travelzoo in South East Asia and Australia for consideration of 1 Singapore Dollar. The parties also entered into a License Agreement, whereby the AUS Buyer obtained a license to use the intellectual property of Travelzoo exclusively in Australia, New Zealand and Singapore and non-exclusively in China and Hong Kong for quarterly royalty payments based upon net revenue over a 5 year term, with an option to renew. There was no gain or loss from the sale of Travelzoo Singapore. WeGo Investment The Company previously held a minority share equal to 33.7% in weekengo GmbH ("WeGo"), which the Company sold to trivago N.V. (“trivago”) on December 23, 2020. The original investment agreement with WeGo was executed in April 2018 (the “Original Investment Agreement”). At that time, Travelzoo invested $3.0 million in WeGo for a 25.0% ownership interest. In April 2019, the Company invested an additional $673,000 in WeGo, which increased the Company's ownership interest to 26.6%. In February 2020, Travelzoo signed an amended investment agreement (the “Investment Agreement”) with WeGo, whereby the Company received additional shares (resulting in ownership of 33.7% ) and in exchange, agreed to invest an additional $1.7 million if and when WeGo met certain performance targets. In connection with the Original Investment Agreement, WeGo agreed to spend approximately $2.1 million with the Company in marketing pursuant to an Insertion Order (the “Insertion Order”) and in connection with the Investment Agreement, WeGo agreed to spend an additional $1.8 million in marketing, once the additional payment was made by the Company (the “Second Insertion Order”). The Company accounted for this private company investment using the equity method of accounting by recording its share of the results of WeGo in “Other income (expense)”, net on a one-quarter lag basis. In accounting for the initial investment, the Company allocated $1.0 million of its purchase price to tangible assets and allocated approximately $485,000 of the purchase price to technology-related intangible assets to be amortized over a 3-year life. The remaining $1.5 million of the purchase price was allocated to goodwill. For the years ended December 31, 2020 and 2019, the Company recorded $384,000 and $882,000 for its share of WeGo losses, amortization of basis differences and currency translation adjustment. This equity method investment is reported as a long-term investment on the Company's consolidated balance sheets. As of the date of the transaction with trivago, WeGo had not achieved the necessary performance targets. As part of the Share Purchase Agreement, by and among Travelzoo (Europe) Limited, trivago, and the other shareholders of WeGo (the “trivago SPA”), the obligation of any additional payment by the Company was terminated. Per the trivago SPA, the Company sold all of its shares in WeGo to trivago for a total purchase price of approximately $2.9 million, of which $213,000 was placed in escrow for one year. The Company recorded $468,000 gain in Other income (loss), net. for the sale of WeGo shares in 2020. The Company’s advertising revenues from WeGo for the years ended December 31, 2020 and 2019 were $384,000 and $1.2 million , respectively. WeGo agreed to pay in a lump sum the remaining amount outstanding pursuant to the Insertion Order, equal to approximately $200,000. The payment was made in the first quarter of 2021. The Second Insertion Order and any obligation for additional payments from WeGo for marketing were terminated. The Company acquired the domain name and trademark “weekend.com” in 2005 which was amortized over five years. Concurrently with the sale of the shares, the Company also sold the domain name and trademark “weekend.com” to trivago in exchange for a payment of $822,000. The Company recorded $822,000 gain in General and administrative for the sale of the domain name and trademark “weekend.com” in 2020. Jack’s Flight Club In January 2020, Travelzoo acquired JFC Travel Group Co. (“Jack’s Flight Club”), which operates Jack’s Flight Club , a subscription service that provides members with information about exceptional airfares. As of December 31, 2020, Jack’s Flight Club had 1.7 million subscribers. J ack’s Flight Club’s revenues are generated by subscription fees paid by members. In June 2020, the Company renegotiated certain aspects of that certain Stock Purchase Agreement, dated as of January 13, 2020 (the “SPA”), by and among Travelzoo, Jack’s Flight Club and the sellers party thereto (the “Sellers”) with the Sellers and reached a settlement for the outstanding Promissory Notes, dated as of January 13, 2020, by and between Travelzoo and each Seller (the “Promissory Notes”) . See Note 3 to the consolidated financial statements for further information. Ownership Ralph Bartel, who founded Travelzoo and who is the Chairman of the Board of Directors of the Company, is the sole beneficiary of the Ralph Bartel 2005 Trust, which is the controlling shareholder of Azzurro Capital Inc. (“Azzurro”). As of December 31, 2020 , Azzurro is the Company's largest shareholder, holding approximately 40% of the Company's outstanding shares. Financial Statements The consolidated financial statements have been prepared in conformity with generally accepted accounting principles (“GAAP”) in the United States (“U.S.”). The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. All intercompany accounts and transactions have been eliminated in consolidation. Management of the Company has made a number of estimates and assumptions relating to the reporting of assets, liabilities, revenues and expenses and the disclosure of contingent assets and liabilities to prepare these financial statements in conformity with accounting principles generally accepted in the U.S. Significant estimates included in the consolidated financial statements and related notes include revenue recognition, refund liability, income taxes, stock-based compensation, loss contingencies, useful lives of property and equipment, purchase price allocation for the business combination and related impairment assessment, relating to the projections and assumptions used. Actual results could differ materially from those estimates. (b) Revenue Recognition The Company follows Accounting Standards Update No. 2014-09, "Revenue from Contracts with Customers" (Topic 606). Under Topic 606, revenue is recognized when control of the promised goods or services is transferred to our customers, in an amount that reflects the consideration we expect to be entitled to in exchange for those goods or services. The Company's revenues are primarily advertising fees generated from the publishing of travel and entertainment deals on the Travelzoo website, in the Top 20 email newsletter, in Newsflash and through the Travelzoo Network . The Company also generates transaction-based revenues from the sale of vouchers through our Local Deals and Getaways products and operation of a hotel booking platform, limited offerings of vacation packages and subscription revenues from Jack's Flight Club. The Company's disaggregated revenues are included in “Note 12: Segment Reporting and Significant Customer Information”. For fixed-fee website advertising, the Company recognizes revenues ratably over the contracted placement period. For Top 20 email newsletter and other email products, the Company recognizes revenues when the emails are delivered to its members. The Company offers advertising on a cost-per-click basis, which means that an advertiser pays the Company only when a user clicks on an ad on Travelzoo properties or Travelzoo Network members’ properties. For these customers, the Company recognizes revenues each time a user clicks on the ad. The Company also offers advertising on other bases, such as cost-per-impression, which means that an advertiser pays the Company based on the number of times their advertisement is displayed on Travelzoo properties, email advertisement, Travelzoo Network properties, or social media properties. For these customers, the Company recognizes revenues each time an ad is displayed or email delivered. For transaction based revenues, including products such as Local Deals, Getaways , hotel platform and vacation packages, the Company evaluates whether it is the principal (i.e., report revenue on a gross basis) versus an agent (i.e., report revenue on a net basis). The Company reports transaction revenue on a net basis because the supplier is primarily responsible for providing the underlying service and we do not control the service provided by the supplier prior to its transfer to the customer. For Local Deals and Getaways products, the Company earns a fee for acting as an agent for the sale of vouchers that can be redeemed for services with third-party merchants. Revenues are presented net of the amounts due to the third-party merchants for fulfilling the underlying services and an estimated amount for future refunds. Since the second quarter of 2020, the Company expanded its vouchers refund policy in order to entice customers given the current economic climate to fully refundable until the voucher expires or is redeemed by the customer. Certain merchant contracts allow the Company to retain the proceeds from unredeemed vouchers. With these contracts, the Company estimates the value of vouchers that will ultimately not be redeemed and records the estimate as revenues in the same period. Jack’s Flight Club revenue is generated from paid subscriptions by members. Subscription options are quarterly, semi-annually, and annually. We recognize the revenue monthly pro rata over the subscription period. Commission revenue related to our hotel platform is recognized ratably over the period of guest stay, net of an allowance for cancellations based upon historical patterns. For arrangements for booking non-cancelable reservations where the Company’s performance obligation is deemed to be the successful booking of a hotel reservation, the Company records revenue for the commissions upon completion of the hotel booking. The Company’s contracts with customers may include multiple performance obligations in which the Company allocates revenues to each performance obligation based on its standalone selling price. The Company determines standalone selling price based on its overall pricing objectives, taking into consideration the type of services, geographical region of the customers, normal rate card pricing and customary discounts. Standalone selling price is generally determined based on the prices charged to customers when the product is sold separately. The Company relies upon the following practical expedients and exemptions allowed for in the Topic 606. The Company expenses sales commissions when incurred because the amortization period would be one year or less. These costs are recorded in sales and marketing expenses. In addition, the Company does not disclose the value of unsatisfied performance obligations for (a) contracts with an original expected length of one year or less and (b) contracts for which it recognizes revenues at the amount to which it has the right to invoice for services performed. Deferred revenue primarily consists of customer prepayments and undelivered performance obligations related to the Company’s contracts with multiple performance obligations . At December 31, 2019, $786,000 was recorded as deferred revenue for Travelzoo North America and Travelzoo Europe, of which $364,000 was recognized as revenue in 2020. At December 31, 2020, the deferred revenue balance was $2.7 million, of which $1.3 million was for Travelzoo North America and Travelzoo Europe and $1.4 million was for Jack's Flight Club. (c) Reserve for Refunds to Members The Company records an estimated reserve for refunds to members based on our historical experience at the time revenue is recorded for Local Deals and Getaway voucher sales. We consider many key factors such as the historical refunds based upon the time lag since the sale, historical reasons for refunds, time period that remains until the deal expiration date, any changes in refund procedures and estimates of redemptions and breakage. For publishing revenue, we recognize revenue upon delivery of the emails and delivery of the clicks, over the period of the placement of the advertising. Insertion orders for publishing revenue are typically for periods between one month and twelve months and are not automatically renewed. For Getaways vouchers, we recognize a percentage of the face value of the vouchers upon the sale of the vouchers. Merchant agreements for Getaways advertisers are typically for periods between twelve months and twenty-four months and are not automatically renewed. Since the second quarter of 2020, the Company expanded its vouchers refund policy in order to entice customers given the current economic climate to fully refundable until the voucher expires or is redeemed by the customer. The Company now offers fully refundable refunds for vouchers that have not been redeemed or expired. The expiration dates of vouchers range between January 2021 through January 2023. The revenues generated from Local Deals vouchers and entertainment offers are based upon a percentage of the face value of the vouchers, commission on actual sales or a listing fee based on audience reach. For Local Deals vouchers, we recognize a percentage of the face value of vouchers upon the sale of the vouchers. The Company estimated the refund reserve by using historical and current refund rates by product and by merchant location to calculate the estimated future refunds. As of December 31, 2020, the Company had approximately $15.2 million of unredeemed vouchers that had been sold during 2020 representing the Company’s commission earned from the sale. The Company had estimated a refund liability of $3.9 million for these unredeemed vouchers as of December 31, 2020 which is recorded as a reduction of revenues and is reflected as a current liability in Accrued expenses and other on the consolidated balance sheet. The Company has recorded a Merchant Payables of $57.1 million as of December 31, 2020 related to unredeemed vouchers. Insertion orders and merchant agreements for Local are typically for periods between one month and twelve months and are not automatically renewed except for merchant contracts in foreign locations. Should any of these factors change, the estimates made by management will also change, which could impact the level of our future reserve for refunds to member. Specifically, if the financial condition of our advertisers, the business that is providing the vouchered service, were to deteriorate, affecting their ability to provide the services to our members, additional reserves for refunds to members may be required. Estimated member refunds that are determined to be recoverable from the merchant are recorded in the consolidated statements of operations as a reduction to revenue. We accrue costs associated with refunds in accrued expenses on the consolidated balance sheets. Estimated member refunds that are determined not to be recoverable from the merchant, are presented as a cost of revenue. If our judgments regarding estimated member refunds are inaccurate, reported results of operations could differ from the amount we previously accrued. (d) Business Combinations The purchase price of an acquisition is allocated to the tangible and intangible assets acquired and liabilities assumed based on their estimated fair values at the acquisition date. To the extent the purchase price exceeds the fair value of the net identifiable tangible and intangible assets acquired and liabilities assumed, such excess is allocated to goodwill. The Company determines the estimated fair values after review and consideration of relevant information, including discounted cash flows, quoted market prices and estimates made by management. The Company records the net assets and results of operations of an acquired entity from the acquisition date and adjusts the preliminary purchase price allocation, as necessary, during the measurement period of up to one year after the acquisition closing date as it obtains more information as to facts and circumstances existing at the acquisition date impacting asset valuations and liabilities assumed. Acquisition-related costs are recognized separately from the acquisition and are expensed as incurred. (d) Identifiable intangible assets Upon acquisition, identifiable intangible assets are recorded at fair value and are carried at cost less accumulated amortization. Identifiable intangible assets with finite lives are amortized on a straight-line basis over their estimated useful lives. The carrying values of all intangible assets are reviewed for impairment whenever events or changes in circumstances indicate that their carrying amounts may not be recoverable. The Company evaluated intangible assets in the first quarter of 2020 due to the coronavirus (COVID-19) pandemic and recorded an impairment expense of $810,000. The Company performed its annual test as of October 31, 2020 and no impairment charge was identified in connection with the annual impairment test. (d) Goodwill Goodwill represents the excess of the purchase price of an acquired business over the fair value of the underlying net tangible and intangible assets. Goodwill is evaluated for impairment annually, and whenever events or changes in circumstances indicate the carrying value of goodwill may not be recoverable. In testing goodwill for impairment, the Company first uses a qualitative assessment to evaluate whether it is more likely than not that the fair value of a reporting unit is less than the carrying amount. If the qualitative assessment indicates that goodwill impairment is more likely than not, the Company performs an impairment test by comparing the book value of net assets to the fair value of the reporting units. The Company evaluated goodwill for impairment in the first quarter of 2020 due to the COVID-19 pandemic and recorded an impairment expense of $2.1 million. The Company performed its annual impairment test as of October 31, 2020 and no impairment charge was identified in connection with the annual impairment test. (d) Allowance for Doubtful Accounts The Company records a provision for doubtful accounts based on its historical experience of write-offs and a detailed assessment of our accounts receivable and allowance for doubtful accounts. In estimating the provision for doubtful accounts, management considers the age of the accounts receivable, historical write-offs, the creditworthiness of the advertiser, the economic conditions of the advertiser’s industry, and general economic conditions, among other factors. Should any of these factors change, the estimates made by management will also change, which could impact the level of the future provision for doubtful accounts. Specifically, if the financial condition of our advertisers were to deteriorate, affecting their ability to make payments, additional provision for doubtful accounts may be required. (e) Advertising Costs Advertising costs are expensed as incurred. Online advertising is expensed as incurred over the period the advertising is displayed. Advertising costs for Travelzoo North America and Travelzoo Europe amounte d to $2.6 million and $8.8 million for years ended December 31, 2020 and 2019, respectively. Advertising and marketing costs for Jack's Flight Club was $314,000 for the year ended December 31, 2020. (f) Operating Leases The Company determines if an arrangement contains a lease at inception. Operating lease right-of-use (“ROU”) assets and operating lease liabilities are recognized based on the present value of the future minimum lease payments over the lease term at commencement date. The lease payments used to determine the operating lease assets may include lease incentives and stated rent increases. The Company does not include options to extend or terminate until it is reasonably certain that the option will be exercised. Lease expense is recognized on a straight-line basis over the lease term. The Company uses its incremental borrowing rate based on the information available at the commencement date in determining the lease liabilities as the Company’s leases generally do not provide an implicit rate. The Company elected not to recognize leases with an initial term of 12 months or less on its consolidated balance sheets. The Company’s leases are reflected in operating lease ROU assets, operating lease liabilities and long-term operating lease liabilities in our accompanying consolidated balance sheet as of December 31, 2020. Lease expense for minimum lease payments is recognized on a straight-line basis over the lease term. The Company also has a real estate lease agreement which is subleased to a third party. The Company recognizes sublease income in Other income (expense), net on a straight-line basis over the lease term in its consolidated statements of operations. (g) Stock-Based Compensation The Company accounts for its employee stock options under the fair value method, which requires stock-based compensation to be estimated using the fair value on the date of grant using an option-pricing model. The value of the portion of the award that is expected to vest is recognized as expense over the related employees’ requisite service periods in the Company’s consolidated statements of operations. See Note 10 to the consolidated financial statements for a further discussion on stock-based compensation. (h) Foreign Currency All foreign subsidiaries use the local currency of their respective countries as their functional currency. Assets and liabilities are translated into U.S. dollars at exchange rates prevailing at the balance sheet dates. Revenues, costs and expenses are translated into U.S. dollars at average exchange rates for the period. Gains and losses resulting from translation are recorded as a component of accumulated other comprehensive income (loss). Realized gains and losses from foreign currency transactions are recognized as gain or loss on foreign currency in the consolidated statements of operations. Total foreign currency transaction net losses of $416,000 for 2020, an d total foreign currency transaction net gain of $5,000 for 2019, are included in Other income (loss), net in the Company’s consolidated statements of operations. (i) Income Taxes Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets are recognized for deductible temporary differences, along with net operating loss carryforwards and credit carryforwards, if it is more likely than not that the tax benefits will be realized. To the extent a deferred tax asset cannot be recognized under the preceding criteria, valuation allowances must be established. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. Significant judgment is required in evaluating the Company's uncertain tax positions and determining the Company's provision for income taxes. Although the Company believes it has adequately reserved for its uncertain tax positions, no assurance can be given that the final tax outcome of these matters will not be different. The Company adjusts these reserves in light of changing facts and circumstances, such as the progress or closing of a tax audit or the refinement of an estimate. To the extent that the final tax outcome of these matters is different than the amounts recorded, such differences will impact the provision for income taxes in the period in which such determination is made. The provision for income taxes includes the impact of reserve provisions and changes to reserves that are considered appropriate, as well as the related net interest. (j) Comprehensive Income Comprehensive income consists of two components, net income and other comprehensive income (loss). Other comprehensive income (loss) refers to certain changes in equity that are excluded from net income. For the Company, other comprehensive income (loss) includes foreign currency translation adjustments. Total comprehensive income (loss) for all periods presented has been disclosed in the consolidated statements of comprehensive loss. (k) Certain Risks and Uncertainties The Company’s business is subject to risks associated with its ability to attract and retain advertisers and offer products or services on compelling terms to our members. The global outbreak of COVID-19 is having an unprecedented impact on the global travel and hospitality industries. Governmental authorities have implemented numerous measures to try to contain the virus, including restrictions on travel, quarantines, shelter-in-place orders, business restrictions and complete shut-downs. The measures implemented to contain COVID-19 have had, and are expected to continue to have, a significant negative effect on our business, financial condition, results of operations and cash flows. The Company’s cash, cash equivalents and accounts receivable are potentially subject to concentration of credit risk. Cash and cash equivalents are placed with financial institutions that management believes are of high credit quality. The accounts receivable are derived from revenue earned from customers located in the U.S. and internationally. During the year ended December 31, 2020, the Company experienced the adverse impact of COVID-19. Many of the Company's advertising partners paused, canceled, and stopped advertising with the Company. Additionally, there has been a significant level of cancellations for the Company's hotel partners and travel package partners as well as refund requests for our vouchers with the Company’s restaurant and spa partners. The Company has modified its policies and will continue to adopt new policies as the situation evolves. However, the uncertainties of the pandemic, such as its duration and severity, will likely negatively impact and continue to negatively impact our partners and customers. As of December 31, 2020 , the Company had negative working capital of $12.8 million primarily due to an increase in accounts payable related to merchants from the sale of vouchers. The payable to merchants is generally due upon redemption of the vouchers. The vouchers have maturities that begin in January 2021 through January 2023, and we believe that redemption patterns may be delayed for international vouchers under the current environment. Based on current projections of redemption activity, we expect that cash on hand as of December 31, 2020 will be sufficient to provide for working capital needs for at least the next twelve months. However, if redemption activity is more accelerated, or if we are not able to reduce our operating losses, we may need to obtain additional financing to meet our working capital needs in the future. We believe that we could obtain additional financing if needed, but there can be no assurance that financing will be available on terms that are acceptable to us, if at all. (l) Cash, Cash Equivalents and Restricted Cash Cash equivalents consist of highly liquid investments with maturities of three months or less on the date of purchase. Restricted cash includes cash and cash equivalents that is restricted through legal contracts, regulations or our intention to use the cash for a specific purpose. Our restricted cash primarily relates to refundable deposits and funds held in escrow. The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the consolidated balance sheets to the total amounts shown in the statements of cash flows (in thousands): December 31, December 31, 2020 2019 Cash and cash equivalents $ 63,061 $ 18,743 Restricted cash 1,178 1,135 Cash, cash equivalents and restricted cash–discontinued operations 146 832 Total cash, cash equivalents and restricted cash in the condensed consolidated statements of cash flows $ 64,385 $ 20,710 (m) Property and Equipment Property and equipment are stated at cost less accumulated depreciation. Additions and improvements are capitalized. Maintenance and repairs are expensed as incurred. The Company also includes in fixed assets the capitalized cost of internal-use software and website development, including software used to upgrade and enhance its website and processes supporting the Company’s business in accordance with the framework established by the FASB accounting guidance for accounting for the cost of computer software developed or obtained for internal use and accounting for website development costs. Costs incurred in the planning stage and operating stage are expensed as incurred while costs incurred in the application development stage and infrastructure development stage are capitalized, assuming such costs are deemed to be recoverable. Depreciation is provided using the straight-line method over the estimated useful lives of the assets. Estimated useful lives are 3 to 5 years for computer hardware and software, capitalized internal-use software and website development costs, and office equipment and office furniture. The Company depreciates leasehold improvements over the term of the lease or the estimated useful life of the asset, whichever is shorter. (n) Impairment of Long-Lived Assets The Company accounts for long-lived assets in accordance with the accoun

Net Income (Loss) Per Share

Net Income (Loss) Per Share	12 Months Ended
	Dec. 31, 2020
Earnings Per Share [Abstract]
Net Income (Loss) Per Share	Net Income (Loss) Per Share Basic net income (loss) per share is computed using the weighted-average number of common shares outstanding for the period. Diluted net income per share is computed by adjusting the weighted-average number of common shares outstanding for the effect of dilutive potential common shares outstanding during the period. Potential common shares included in the diluted calculation consist of incremental shares issuable upon the exercise of outstanding stock options calculated using the treasury stock method. The following table sets forth the calculation of basic and diluted net income (loss) per share (in thousands, except per share amounts): Year Ended December 31, 2020 2019 Numerator: Net income (loss) attributable to Travelzoo—continuing operations $ (10,033) $ 12,287 Net income (loss) attributable to Travelzoo—discontinued operations (3,390) (8,132) Denominator: Weighted average common shares—basic 11,344 11,809 Effect of dilutive securities: stock options — 226 Weighted average common shares—diluted 11,344 12,035 Income (loss) per share—basic Continuing operations $ (0.88) $ 1.04 Discontinued operations (0.30) (0.69) Net income (loss) per share —basic $ (1.18) $ 0.35 Income (loss) per share—diluted Continuing operations $ (0.88) $ 1.02 Discontinued operations (0.30) (0.69) Net income (loss) per share—diluted $ (1.18) $ 0.35 For the year ended December 31, 2020, options to purchase 3.3 million

Acquisition

Acquisition	12 Months Ended
	Dec. 31, 2020
Business Combinations [Abstract]
Acquisition	Acquisition On January 13, 2020, Travelzoo entered into the SPA with the shareholders of Jack’s Flight Club for the purchase of up to 100% of the outstanding capital stock of Jack’s Flight Club (the “Shares”). Pursuant to the SPA, on January 13, 2020, the Sellers sold 60% of the Shares to the Company for an aggregate purchase price of $12.0 million, $1.0 million of which was paid in cash and $11.0 million of which was paid in Promissory Notes. The Promissory Notes contain an interest rate of 1.6% per annum and a due date of January 31, 2020, with a one-time right to extend the maturity date up to April 30, 2020 with a principal payment of $1.0 million on January 31, 2020, which the Company exercised. The remaining 40% of the Shares are subject to a call/put option exercisable by the Company or the Sellers, as applicable, on or around January 1, 2021, subject to the terms and conditions set forth in the SPA. The results of Jack's Flight Club in 2020 did not meet the thresholds required for the put/call option to be exercisable. On June 3, 2020, the Company renegotiated the SPA with the Sellers of Jack’s Flight Club and reached a negotiated settlement. The Company recorded adjustments accordingly, however, these adjustments are not considered measurement period adjustments to the purchase consideration since there is not a clear and direct link to the consideration transferred in the SPA entered into on January 13, 2020. The strategic rationale for the Jack’s Flight Club acquisition was to expand Jack’s Flight Club ’s membership to Travelzoo members worldwide, so the members from Travelzoo could also sign up to receive offers from Jack’s Flight Club. The acquisition has been accounted for using the acquisition method in accordance with Accounting Standards Codification (“ASC”) 805, Business Combinations. Under the acquisition method of accounting, the total purchase consideration of the acquisition is allocated to the tangible assets and identifiable intangible assets and liabilities assumed based on their relative fair values. The excess of the purchase consideration over the net tangible and identifiable intangible assets is recorded as goodwill. The acquisition related costs were not significant and were expensed as incurred. Purchase Price Allocation The purchase price allocation is based on estimates, assumptions and third-party valuations. The aggregate purchase price and allocation was as follows (in thousands): Purchase Price Jack’s Flight Club Cash paid $ 1,000 Promissory notes issued 10,931 Fair Value of Put/Call Option 183 $ 12,114 Allocation Goodwill $ 13,054 Intangible assets Customer relationships 3,500 Trade name 2,460 Non-compete agreements 660 Current assets acquired, including cash of $321 324 Current liabilities assumed (40) Deferred revenue (881) Deferred tax liabilities (1,391) Non-controlling interest (5,572) $ 12,114 The Company determined the estimated fair value of the put/call option using the Monte Carlo Simulation approach and the identifiable intangible assets acquired primarily using the income approach. Non-controlling interests represent third-party shareholders and are measured at fair value on the date acquired. Goodwill Goodwill represents the excess of the cost of an acquisition over the fair value of the Company’s share of the identifiable net assets of the acquired subsidiary. Goodwill is evaluated for impairment annually, and whenever events or changes in circumstances indicate the carrying value of goodwill may not be recoverable. The Company determined that the COVID-19 pandemic was a triggering event requiring the Company to assess its long-lived assets including goodwill for impairment. The Company performed an impairment test during the first quarter of 2020 by comparing the carrying value of Jack’s Flight Club net assets to the fair value of the Jack’s Flight Club reporting unit based on an updated discounted cash flow analysis. The fair value of the Jack’s Flight Club reporting unit was determined to be less than the carrying value, and the difference between the estimated fair value of goodwill and the carrying value was record ed as goodwill impairment of $2.1 million. The Company also performed an ASC 360 analysis for long-lived assets noting no impairment of such assets based on the undiscounted cash flows of the Jack’s Flight Club asset group. The Company first impaired indefinite lived intangible assets (“Trade name”) for $810,000 before impairing goodwill. The following table summarizes the goodwill activity for the year ended December 31, 2020 (in thousands): Goodwill—January 1, 2020 $ — Acquisition 13,054 Impairment—March 31, 2020 (2,110) Goodwill—December 31, 2020 $ 10,944 Intangible Assets The following table represents the fair value and estimated useful lives of intangible assets (in thousands): Fair Value Estimated Life (Years) Customer relationships $ 3,500 5 Trade name 2,460 indefinite Non-compete agreements 660 4 The fair value of intangible assets of $6.6 million has been allocated to the following three asset categories: 1) customer relationships, 2) trade name, and 3) non-compete agreements. These assets are included within “Intangible assets” on our consolidated balance sheets. Customer relationships and non-compete agreements are being amortized to operating expenses over their estimated useful lives using the straight-line basis for non-compete agreements or on an accelerated basis for customer relationships. The following table represents the activities of intangible assets for the year ended December 31, 2020 (in thousands): Fair Value Intangible assets—January 1, 2020 $ — Acquisition 6,620 Impairment of trade name—March 31, 2020 (810) Amortization of intangible assets with definite lives (1,276) Intangible assets- December 31, 2020 $ 4,534 Amortization expense for acquired intangibles was $1.3 million for the year ended December 31, 2020. Expected future amortization expense of acquired intangible assets as of December 31, 2020 is as follows (in thousands): Years ending December 31, 2021 $ 1,108 2022 875 2023 641 2024 250 Thereafter 10 $ 2,884 As previously discussed in “Goodwill”, the Company's impairment test indicated that Jack’s Flight Club’s indefinite lived intangible assets (“Trade name”) was impaired for $810,000 for the first quarter of 2020. The Company performed its annual impairment testing of Trade name during the fourth fiscal quarter and did not identify any additional impairment in 2020. Unaudited Pro Forma Information The acquired company was consolidated into our financial statements starting on the acquisition date. The unaudited financial information in the table below summarizes the combined results of operations of Travelzoo and Jack’s Flight Club, on a pro forma basis, as though the companies had been combined as of the beginning of the fiscal year presented. The debt was issued to finance the acquisition of Jack’s Flight Club. The unaudited pro forma information has been calculated after applying the Company’s accounting policies and includes adjustments to reflect the amortization charges from acquired intangible assets, adjustments to deferred revenue, interest expense and related tax effects. The unaudited pro forma financial information is presented for informational purposes only and is not indicative of the results of operations that would have been achieved if the acquisition had taken place at the beginning of the fiscal year presented. The following table summarizes the pro forma financial information (in thousands): Year Ended December 31, 2020 2019 Revenues $ 53,722 $ 108,220 Net income (loss) $ (14,545) $ 4,536 Jack's Flight Club Settlement On June 3, 2020, the Company and the Seller renegotiated the SPA. Pursuant to the original terms of the outstanding Promissory Notes, the Company owed $10.0 million plus interest (the “Outstanding Amount”) to the Sellers on April 30, 2020. On June 3, 2020, the parties reached a negotiated settlement for the Outstanding Amount with the following terms: (a) $1.5 million was forgiven in settlement of certain outstanding indemnification claims disputed by the Sellers; (b) $6.8 million, plus accrued interest, was paid to the Sellers by Travelzoo, and (c) the remaining $1.7 million to be paid by June 2021 pursuant to new promissory notes with each of the Sellers that contain a 12% interest rate. T he Company recorded $1.5 million gain in “General and administrative expenses” for the partial forgiveness of the outstanding loan in the second quarter of 2020. The $1.7 million new promissory notes was paid off in October 2020. Total interest expense for the P romissory Notes of $142,000 was recorded in Other income (loss), net in 2020. Travelzoo also agreed that the additional payment set forth in the SPA (equal to 20% of 2020 net income) would be payable to the Sellers regardless of whether EBITDA targets are achieved and the put/call is exercised in 2021. The Company estimated the total payment and recorded $448,000 expense in “General and administrative expenses” in 2020. The parties also agreed to a new put/call option exercisable in 2022 by the Sellers or Travelzoo, as applicable, only if the put/call option for 2021 as set forth in the SPA is not exercised, with a EBITDA threshold of $4.3 million and a purchase price equal to 40% of 2021 EBITDA multiplied by 3.5, and an additional payment equal to 20% of 2021 net income if the EBITDA threshold is achieved. The Company re-evaluated the fair value of the put/call option by using the Monte Carlo Simulation approach and determined that the extension of the one year period did not change the fair value of the put/call option materially.

Debt

Debt	12 Months Ended
	Dec. 31, 2020
Debt Disclosure [Abstract]
Debt	Debt Pursuant to the SPA with Jack’s Flight Club on January 13, 2020, the Company issued a Promissory Note for $11.0 million as part of the purchase price with an interest rate of 1.6% and a due date of January 31, 2020. On June 3, 2020, the parties reached a negotiated settlement: (a) $1.5 million was forgiven in settlement of certain outstanding indemnification claims disputed by the Sellers; (b) $6.8 million, plus accrued interest, was paid to the Sellers by Travelzoo, and (c) the remaining $1.7 million to be paid by June 2021 pursuant to new promissory notes with each of the Sellers that contain a 12% interest rate $6.8 million and the accrued interest was paid in the second quarter of 2020, the remaining $1.7 million promissory note and the accrued interest was paid in the fourth quarter of 2020. Total i nterest expense for the P romissory Notes of $142,000 was paid and recorded in Other income (loss), net in 2020. On April 24, 2020 and May 5, 2020, the Company received $3.1 million and $535,000, respectively, pursuant to loans under the Paycheck Protection Program (the “PPP”) of the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) administered by the Small Business Association. The loans have a maturity of two (2) years from the disbursement of the funds and an annual interest rate of 1%. The Company used the funds from these loans only for the purposes included in the PPP, including payroll, employee benefits, and rent, and also intends to apply for forgiveness of a portion of the loans in compliance with the CARES Act. Interest expense of $25,000 for the PPP notes payable in 2020 was recorded in Other income (loss), net. As of December 31, 2020, $2.8 million principal balance was due in 2021 and was recorded as notes payable-current portion. The remaining $814,000 principal balance was due in 2022 and was recorded in long-term notes payable. The Company applied for PPP loan forgiveness for a portion of the PPP notes payable but no forgiveness have been granted as of December 31, 2020. As of March 30, 2021, the Company has not learned the extent to which the PPP loans will be forgiven. Any unforgiven portion of the loan is payable over two years at an interest rate of 1%, with a deferral of payments until the date the lender receives the applicable forgiven amount from the SBA. No assurance is provided that the Company will obtain forgiveness of the loan in whole or in part.

Balance Sheet Components

Balance Sheet Components	12 Months Ended
	Dec. 31, 2020
Balance Sheet Related Disclosures [Abstract]
Balance Sheet Components	Balance Sheet Components Prepaid expenses and other consist of the following (in thousands): December 31, 2020 2019 Prepaid expenses $ 1,073 $ 2,221 Deposits 137 105 Other current assets 93 67 Total prepaid expenses and other $ 1,303 $ 2,393 Property and equipment consist of the following (in thousands): December 31, 2020 2019 Computer hardware and software $ 2,787 $ 2,759 Office equipment and office furniture 8,071 7,827 Capitalized internal-use software and website development 4,390 4,390 Leasehold improvements 4,126 5,745 19,374 20,721 Less accumulated depreciation and amortization (18,027) (17,860) Total $ 1,347 $ 2,861 Depreciation expense was $884,000 and $1.1 million for the years ended December 31, 2020 and 2019, respectively. Amortization of capitalized internal-use software and website development costs w as $106,000 and $157,000 for the years ended December 31, 2020 and 2019, respectively. Changes to the allowance for doubtful accounts and reserve for member refunds are as follows (in thousands): Allowance Reserve for Balance at January 1, 2019 $ 673 $ 379 Additions — charged to costs and expenses, or contra revenue 608 1,009 Deductions — recoveries of amounts previously reserved (146) — Deductions — write-offs or refunds (29) (1,100) Balance at December 31, 2019 1,106 288 Additions — charged to costs and expenses, or contra revenue 1,983 4,847 Deductions — recoveries of amounts previously reserved (134) — Deductions — write-offs or refunds (141) (1,050) Balance at December 31, 2020 $ 2,814 $ 4,085 Accrued expenses and other consist of the following (in thousands): December 31, 2020 2019 Reserve for member refunds $ 4,085 $ 288 Accrued advertising expense 469 1,654 Accrued compensation expense 2,144 2,477 Other accrued expenses 1,951 1,862 Total accrued expenses and other $ 8,649 $ 6,281

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies From time to time, the Company is subject to various claims and legal proceedings, either asserted or unasserted, that arise in the ordinary course of business. The Company accrues for legal contingencies if the Company can estimate the potential liability and if the Company believes it is probable that the case will be ruled against it. If a legal claim for which the Company did not accrue is resolved against it, the Company would record the expense in the period in which the ruling was made. The Company believes that the likelihood of an ultimate amount of liability, if any, for any pending claims of any type (alone or combined) that will materially affect the Company’s financial position, results of operations or cash flows is remote. The ultimate outcome of any litigation is uncertain, however, and unfavorable outcomes could have a material negative impact on the Company’s financial condition and operating results. Regardless of outcome, litigation can have an adverse impact on the Company because of defense costs, negative publicity, diversion of management resources and other factors. The Company was formed as a result of a combination and merger of entities founded by the Company’s principal stockholder, Ralph Bartel. In 2002, Travelzoo.com Corporation was merged into Travelzoo. Under and subject to the terms of the merger agreement, holders of promotional shares of Travelzoo.com Corporation (“Netsurfers”) who established that they had satisfied certain prerequisite qualifications were allowed a period of 2 years following the effective date of the merger to receive one share of Travelzoo in exchange for each share of common stock of Netsurfers. In 2004, two years following the effective date of the merger, certain promotional shares remained unexchanged. As the right to exchange these promotional shares expired, no additional shares were reserved for issuance. Thereafter, the Company began to offer a voluntary cash program for those who established that they had satisfied certain prerequisite qualifications for Netsurfers promotional shares as further described below. During 2010 through 2014, the Company became subject to unclaimed property audits of various states in the United States related to the above unexchanged promotional shares and completed settlements with all states. Although the Company has settled the unclaimed property claims with all states, the Company may still receive inquiries from certain potential Netsurfers promotional stockholders that had not provided their state of residence to the Company by April 25, 2004. Therefore, the Company is continuing its voluntary program under which it makes cash payments to individuals related to the promotional shares for individuals whose residence was unknown by the Company and who establish that they satisfy the original conditions required for them to receive shares of Netsurfers, and who failed to submit requests to convert their shares into shares of Travelzoo within the required time period. This voluntary program is not available for individuals whose promotional shares have been escheated to a state by the Company, except those individuals for which their residence was unknown to the Company. The Company did not make any material payments for 2020 and 2019. The total cost of this program cannot be reliably estimated because it is based on the ultimate number of valid requests received and future levels of the Company’s common stock price. The Company’s common stock price affects the liability because the amount of cash payments under the program is based in part on the recent level of the stock price at the date valid requests are received. The Company does not know how many of the requests for shares originally received by Netsurfers in 1998 were valid, but the Company believes that only a portion of such requests were valid. In order to receive payment under this voluntary program, a person is required to establish that such person validly held shares in Netsurfers. The Company leases office space in Canada, France, Germany, Spain, the U.K., and the U.S. under operating leases. Our leases have remaining lease terms ranging from less than one year to up to ten years. The Company maintained standby letters of credit (“LOC”) serve as collateral issued to the landlords. The LOCs are collateralized with cash which is included in the line item “Restricted cash” in the Consolidated Balance Sheets. Rent expense was $4.2 million and $4.9 million for the years ended December 31, 2020 and 2019, respectively. The Company’s rental income from sublease was approximately $345,000 and $347,000 for the years ended December 31, 2020 and 2019. Se e Note 14 - Leases for more information.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The components of income (loss) before income tax expense (benefit) are as follows (in thousands): Year Ended December 31, 2020 2019 U.S. $ (11,865) $ 11,553 Foreign (1,753) 5,446 $ (13,618) $ 16,999 Income tax expense (benefit) consists of current and deferred components categorized by federal, state and foreign jurisdictions, as shown below. The current provision is generally that portion of income tax expense that is currently payable to the taxing authorities. The Company makes estimated payments of these amounts during the year. The deferred tax provision (benefit) results from changes in the Company’s deferred tax assets (future deductible amounts) and tax liabilities (future taxable amounts), which are presented in the table below: Current Deferred Total (In thousands) Year Ended December 31, 2020 Federal $ 2,006 $ (3,775) $ (1,769) State 360 (646) (286) Foreign (32) (351) (383) $ 2,334 $ (4,772) $ (2,438) Year Ended December 31, 2019 Federal $ 2,399 $ 257 $ 2,656 State 516 47 563 Foreign 1,539 (46) 1,493 $ 4,454 $ 258 $ 4,712 Income tax expense differed from the amounts computed by applying the U.S. federal statutory tax rate applicable to the Company’s level of pretax income as a result of the following (in thousands): Year Ended December 31, 2020 2019 Federal tax at statutory rates $ (2,860) $ 3,570 State taxes, net of federal income tax benefit (248) 453 Change of valuation allowance 349 — Uncertain tax positions 624 61 Foreign income taxed at different rates (770) 41 Foreign tax credit (595) — Foreign equity investment 12 172 Non-deductible expenses and other 1,050 415 Total income tax expense (benefit) $ (2,438) $ 4,712 The tax effects of temporary differences that give rise to significant portions of the Company’s deferred tax assets and liabilities are as follows (in thousands): December 31, 2020 2019 Deferred tax assets: Net operating loss and credit carryforward $ 10,506 $ 11,634 Operating lease liabilities 3,337 2,632 State income taxes 70 100 Accruals and allowances 1,374 327 Stock-based compensation 1,651 643 Unrealized foreign exchange losses 176 900 Deferred revenue 87 — Capital loss carryforward 410 — Total deferred tax assets 17,611 16,236 Valuation allowance (10,145) (11,634) Total deferred tax assets net of valuation allowance 7,466 4,602 Deferred tax liabilities: Deferred revenue — (72) Operating lease right-of-use assets (1,908) (2,423) Property, equipment and intangible assets (848) (56) Total deferred tax liabilities (2,756) (2,551) Net deferred tax assets $ 4,710 $ 2,051 Changes in the deferred tax assets valuation allowance for the years ended December 31, 2019 and 2020 are as follows (in thousands): Balance at the beginning of the year Charged (Credited) to expenses Charged (Credited) to other account (*) Balance at end of year Deferred tax assets valuation allowance 2019 $ 9,723 2,032 (121) $ 11,634 2020 $ 11,634 (2,123) 634 $ 10,145 (*) Amounts not charged (credited) to expenses are charged (credited) to stockholder's equity or deferred tax assets (liabilities). As of December 31, 2020, the Company has a valuation allowance of approximately $10.1 million related to foreign net operating loss (“NOL”) carryforwards of approximately $43.8 million primarily related to the Company's Asia Pacific entities for which it is more likely than not that the tax benefit will not be realized. The amount of the valuation allowance represented a decrease of approximately $1.5 million over the amount recorded as of December 31, 2019, and was due to the decrease of deferred tax assets and related release of the valuation allowance for the Travelzoo Japan and Travelzoo Singapore, which were sold during the year ended December 31, 2020. If not utilized, the foreign NOL of $30.6 million may be carried forward indefinitely, and $13.2 million will expire at various times between 2021 and 2030. As of December 31, 2020, the Company is permanently reinvested in certain Non-U.S. subsidiaries and does not have a deferred tax liability related to its undistributed foreign earnings. The estimated amount of the unrecognized deferred tax liability attributed to future withholding taxes on dividend distributions of undistributed earnings for certain non-U.S. subsidiaries, which the Company intends to reinvest the related earnings indefinitely in its operations outside the U.S., is approximately $524,000 at December 31, 2020. The total amount of gross unrecognized tax benefits was $774,000 as of December 31, 2020, of which up to $748,000 would affect the Company’s effective tax rate if realized. A reconciliation of the beginning and ending amount of gross unrecognized tax benefits in 2019 and 2020 is as follows (in thousands): Gross unrecognized tax benefits balance at January 1, 2019 $ 239 Increase related to current year tax positions 7 Settlements (68) Gross unrecognized tax benefits balance at December 31, 2019 178 Increase related to current year tax positions 596 Settlements — Gross unrecognized tax benefits balance at December 31, 2020 $ 774 The Company’s policy is to include interest and penalties related to unrecognized tax positions in income tax expense. To the extent accrued interest and penalties do not ultimately become payable, amounts accrued will be reduced and reflected as a reduction in the overall income tax provision in the period that such determination is made. At December 31, 2020, the Company had approximately $235,000 in accrued interest. The Company files income tax returns in the U.S. federal jurisdiction and various states and foreign jurisdictions. The Company is subject to U.S. federal and certain state tax examinations for certain years after 2016 and is subject to California tax examinations for years after 2015. Although the timing of initiation, resolution and/or closure of audits is highly uncertain, it is reasonably possible that the balance of the gross unrecognized tax benefits related to the method of computing income taxes in certain jurisdictions and losses reported on certain income tax returns could significantly change in the next 12 months. These changes may occur through settlement with the taxing authorities or the expiration of the statute of limitations on the returns filed. The Company is unable to estimate the range of possible adjustments to the balance of the gross unrecognized tax benefits.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	12 Months Ended
	Dec. 31, 2020
Equity [Abstract]
Accumulated Other Comprehensive Loss	Accumulated Other Comprehensive Loss The following table summarizes the changes in accumulated balances of other comprehensive loss (in thousands): Year Ended December 31, 2020 2019 Beginning balance $ (3,452) $ (4,214) Other comprehensive income (loss) due to foreign currency translation, net of tax (8) 762 Amounts reclassified from other comprehensive income (loss), net of tax (599) — Ending balance $ (4,059) $ (3,452) The Company reclassified $599,000 from accumulated other comprehensive income (loss) for the year ended December 31, 2020 due to Asia Pacific was considered as discontinued operation in March 2020. There were no amounts reclassified from accumulated other comprehensive income (loss) for the year ended December 31, 2019. Accumulated other comprehensive income (loss) consists of foreign currency translation gain or loss.

Employee Benefit Plan

Employee Benefit Plan	12 Months Ended
	Dec. 31, 2020
Retirement Benefits [Abstract]
Employee Benefit Plan	Employee Benefit PlanThe Company maintains a 401(k) Profit Sharing Plan & Trust (the “401(k) Plan”) for its employees in the United States. The 401(k) Plan allows employees of the Company to contribute up to 80% of their eligible compensation, subject to certain limitations. Since 2006, the Company has matched employee contributions up to $1,500 per year. Employee contributions are fully vested upon contribution, whereas the Company’s matching contributions are fully vested after the first year of service. The Company also has various defined contribution plans for its international employees. The Company’s contributions to these benefit plans were approximately $986,000 and $1.1 million for the years ended December 31, 2020 and 2019, respectively.

Stock-Based Compensation and St

Stock-Based Compensation and Stock Options	12 Months Ended
	Dec. 31, 2020
Share-based Payment Arrangement [Abstract]
Stock-Based Compensation and Stock Options	Stock-Based Compensation and Stock OptionsThe Company accounts for its employee stock options under the fair value method, which requires stock-based compensation to be estimated using the fair value on the date of grant using an option-pricing model. The value of the portion of the award that is expected to vest is recognized on a straight-line basis as expense over the related employees’ requisite service periods in the Company’s consolidated statements of operations. In September 2015, pursuant to an executed Option Agreement, the Company granted its Global Chief Executive Officer, Holger Bartel, options to purchase 400,000 shares of common stock of the Company, with an exercise price of $8.07 and quarterly vesting beginning on March 31, 2016 (the “2015 Option Agreement”). The 2015 Option Agreement expires in September 2025. The options are now fully vested and the stock-based compensation related to these options was fully expensed. In October 2017, pursuant to an executed Option Agreement, the Company granted Mr. Bartel options to purchase 400,000 shares of common stock, with an exercise price of $6.95 and quarterly vesting beginning on March 31, 2018 (the “2017 Option Agreement”). The 2017 Option Agreement expires in 2027. During 2019, 250,000 options granted pursuant to the 2017 Option Agreement were exercised by Mr. Bartel. The remaining 150,000 options are fully vested and the stock-based compensation related to these options was fully expensed. In September 2019, the Company granted Mr. Bartel options to purchase 400,000 shares of common stock subject to shareholder approval, with an exercise price of $10.79 and quarterly vesting beginning on March 31, 2020 and ending on December 31, 2021 (the “2019 Option Agreement” and together with the 2015 Option Agreement and the 2017 Option Agreements, the “Bartel Option Agreements”). The 2019 Option Agreement expires in 2024. On May 29, 2020, the shareholders of the Company approved certain amendments to the Bartel Option Agreements, which increased and repriced all outstanding, unexercised options granted to Mr. Bartel (the “Option Agreement Amendments”). Pursuant to the Option Agreement Amendments and subject to shareholder approval, the exercise price for the options was repriced to the official NASDAQ closing share price on March 30, 2020 (the date of execution of the Option Agreement Amendments, which immediately followed the date of approval of the grants from the Board of Directors of the Company), which was $3.49. Additionally, the Option Agreement Amendments made the following increases: (a) 400,000 additional options to purchase the Company’s common stock pursuant to the 2015 Option Agreement, (b) 150,000 additional options to purchase the Company’s common stock pursuant to the 2017 Option Agreement, and (c) 400,000 additional options to purchase the Company’s common stock pursuant to the 2019 Option Agreement, which resulted in a total of 1,900,000 options granted to Mr. Bartel pursuant to the Option Agreement Amendments. Mr. Bartel’s amended options pursuant to the 2015 Option Agreement and the 2017 Option Agreement were fully vested upon the execution of the applicable Option Agreement Amendment. Therefore, stock-based compensation related to these options was fully expensed in the second quarter of 2020. As of December 31, 2020, there was approximately $1.5 million of unrecognized stock-based compensation expense relating to the 2019 Option Agreement and applicable Option Agreement Amendment. This amount is expected to be recognized over the next 1 year. In May 2018, pursuant to executed Option Agreements, the Company granted an employee options to purchase 50,000 shares of common stock with an exercise price of $14.70 and annual vesting beginning in May 2019. The options expire in May 2028. In 2020, 25,000 unvested options were forfeited and 25,000 vested option were canceled upon the departure of the employee. In June 2018, pursuant to an executed Option Agreement, the Company granted an employee options to purchase 50,000 shares of common stock with an exercise price of $16.65 and annual vesting beginning June 2019. The options expire in June 2023. In 2020, 37,500 unvested options were forfeited and 12,500 vested option were canceled upon the departure of the employee. In May 2019, pursuant to an executed Option Agreement, the Company granted an employee options to purchase 100,000 shares of common stock with an exercise price of $19.28, of which 10,000 options vested and became exercisable in May 2019, 15,000 options vested and became exercisable in September 2019, and the remaining 75,000 will vest in three equal installments beginning in May 2021 and ending in May 2024. The options expire in May 2024. In 2020, 75,000 unvested options were forfeited and 25,000 of vested option were canceled upon the departure of the employee. In September 2019, pursuant to executed Option Agreements, the Company granted six employees stock options to purchase 50,000 shares of common stock each (300,000 in the aggregate) with an exercise price of $10.79, of which 75,000 options vest and become exercisable annually starting on September 5, 2020 and ending on December 31, 2023. The options expire in September 2024. On May 29, 2020, the shareholders of the Company approved the grants, as well as certain amendments to the Option Agreements, which increased and repriced all outstanding, unexercised options granted to such employees. Pursuant to the applicable amendments, the exercise price for the options was repriced to the official NASDAQ closing share price on March 30, 2020 (the date of execution of the amendments to the Option Agreements, which immediately followed the date of approval of the grants from the Board of Directors of the Company), which was $3.49, the option grants were each increased to 100,000 each, resulting in 300,000 additional options in the aggregate. In 2020, 100,000 unvested options were forfeited upon an employee's departure. As of December 31, 2020, there was approximately $1.3 million of unrecognized stock-based compensation expense relating to these options. This amount is expected to be recognized over the next 2.7 years. On May 29, 2020, pursuant to an executed Option Agreement, the shareholders of the Company approved the grant of stock options to purchase 800,000 shares of common stock to Mr. Ralph Bartel, Chairman of the Board of Directors of the Company, with an exercise price of $3.49 and quarterly vesting beginning June 30, 2020 and ending on March 31, 2022. The options expire in March 2025. This grant was approved at the 2020 Annual Meeting of the shareholders. As of December 31, 2020, there was approximately $1.9 million of unrecognized stock-based compensation expense relating to these options. This amount is expected to be recognized over the next 1.3 years. On May 29, 2020, pursuant to an executed Option Agreement, the shareholders of the Company approved the grant of stock options to purchase 200,000 shares of common stock to two key employees, with an exercise price of $3.49 with annual vesting starting March 30, 2021 and ending on March 31, 2024. The options expire in March 2025. As of December 31, 2020, there was approximately $648,000 of unrecognized stock-based compensation expense relating to these options. This amount is expected to be recognized over the next 3.3 years. The Company recorded $6.2 million of stock-based compensation in general and administrative expenses for fiscal year 2020. The Company recorded $993,000 of stock-based compensation for fiscal year 2019, of which $89,000 was recorded in sales and marketing expense and the remaining was recorded in general and administrative expenses. The Company utilized the Black-Scholes option pricing model to value the stock options. The Company used an expected life as defined under the simplified method, which is using an average of the contractual term and vesting period of the stock options. The risk-free interest rate used for the award is based on the U.S. Treasury yield curve in effect at the time of grant. The Company accounted for forfeitures as they occur. The historical volatility was calculated based upon implied volatility of the Company's historical stock prices. The fair value of 2020 stock option and modification and 2019 stock options was estimated using the Black-Scholes option pricing model with the following weighted-average assumptions: 2020 2019 Weighted-average fair value of options granted per share $ 3.86 $ 8.78 Historical volatility 78 % 60 % Risk-free interest rate 0.19 % 2.10 % Dividend yield — — Expected life in years 2.9 3.6 As of December 31, 2020, there was approximately $5.4 million of unrecognized stock-based compensation expense related to outstanding stock options, expected to be recognized over 1.7 years. Option activities during the years ended December 31, 2019 and 2020 were as follows: Shares Weighted-Average Weighted-Average Aggregate (In thousands) Outstanding at January 1, 2019 1,050,000 $ 9.50 7.53 years Option Granted 100,000 19.28 Exercised options (300,000) 7.22 Options forfeited and canceled (100,000) 19.74 Outstanding at December 31, 2019 750,000 $ 10.35 6.01 years Option Granted 2,850,000 $ 3.49 Exercised options (75,000) $ 3.49 Options forfeited and canceled (200,000) $ 17.48 Outstanding at December 31, 2020 3,325,000 $ 3.49 4.39 years $ 19,784 Exercisable and fully vested at December 31, 2020 2,250,000 $ 3.49 4.56 years $ 13,388 Outstanding at December 31, 2020 and expected to vest thereafter 1,075,000 $ 3.49 4.05 years $ 6,396 The aggregate intrinsic value in the table above represents the total pre-tax intrinsic value (the difference between the Company’s closing stock price on the last trading day of year ended December 31, 2020 and the exercise price, multiplied by the number of in-the-money options) that would have been received by the option holders had all option holders exercised their options on December 31, 2020. This amount changes based on the fair value of the Company’s stock. The Company’s policy is to issue shares from the authorized shares to fulfill stock option exercises. Outstanding options at December 31, 2020 were as follows: Exercise Price Options Options Outstanding Weighted-Average Options Outstanding Options Exercisable $ 3.49 3,325,000 4.39 years $ 3.49 2,250,000 4.56 years

Stock Repurchase Program

Stock Repurchase Program	12 Months Ended
	Dec. 31, 2020
Equity [Abstract]
Stock Repurchase Program	Stock Repurchase Program The Company's stock repurchase programs assist in offsetting the impact of dilution from employee equity compensation and assist with capital allocation. Management is allowed discretion in the execution of the repurchase program based upon market conditions and consideration of capital allocation. In February 2019, the Company entered into a Stock Repurchase Agreement with Azzurro, a significant shareholder of the Company and repurchased 100,000 shares of the Company’s common stock for an aggregate purchase price of $1.6 million, which were retired and recorded as a reduction of additional paid-in capital until extinguished with the remaining amount reflected as a reduction of retained earnings. In May 2019, the Company announced a stock repurchase program authorizing the repurchase of up to 1,000,000 shares of the Company’s outstanding common stock. During the year ended December 31, 2019, the Company repurchased 436,369 shares of common stock for an aggregate purchase price of $7.2 million, which were retired and recorded as a reduction of additional paid-in capital until extinguished with the remaining amount reflected as a reduction of retained earnings. During the year ended December 31, 2020, the Company repurchased 168,602 shares of common stock for an aggregate purchase price of $1.2 million. There were 395,029 shares remaining to be repurchased under this program as of December 31, 2020. In November 2019, the Company entered into a SRA with Holger Bartel to repurchase an aggregate of 200,000 shares of the Company’s common stock for an aggregate purchase price of $2.0 million, which were retired and recorded as a reduction of additional paid-in capital until extinguished with the remaining amount reflected as a reduction of retained earnings.

Segment Reporting and Significa

Segment Reporting and Significant Customer Information	12 Months Ended
	Dec. 31, 2020
Segment Reporting [Abstract]
Segment Reporting and Significant Customer Information	Segment Reporting and Significant Customer Information The Company determines its reportable segments based upon the Company's chief operating decision maker managing the performance of the business. Historically, the Company managed its business geographically and operated in three reportable segments including Asia Pacific, Europe and North America. During the year ended December 31, 2020, the Company classified the results of its Asia Pacific segment as discontinued operations in its consolidated financial statements for current and prior years presented. On January 13, 2020, Travelzoo agreed to the SPA with the Sellers of Jack’s Flight Club to purchase 60% of the Shares. Upon acquisition, the Company's chief operating decision maker reviewed and evaluated Jack's Flight Club as a separate segment. The Company currently has three reportable operating segments: Travelzoo North America, Travelzoo Europe and Jack’s Flight Club. Travelzoo North America consists of the Company’s operations in Canada and the U.S. Travelzoo Europe consists of the Company’s operations in France, Germany, Spain, and the U.K. Jack’s Flight Club consists of subscription revenue from premium members to access and receive flight deals from Jack’s Flight Club via email or via Android or Apple mobile applications. Management relies on an internal management reporting process that provides revenue and segment operating profit (loss) for making financial decisions and allocating resources. Management believes that segment revenues and operating profit (loss) are appropriate measures of evaluating the operational performance of the Company’s segments. The following is a summary of operating results and assets by business segment (in thousands): Year Ended December 31, 2010 Travelzoo North America Travelzoo Europe Jack's Flight Club Elimination Consolidated Revenues from unaffiliated customers $ 34,663 $ 15,409 $ 3,537 $ (8) $ 53,601 Intersegment revenues 249 (257) — 8 — Total net revenues $ 34,912 $ 15,152 $ 3,537 $ — $ 53,601 Operating income (loss) $ (5,056) $ (6,195) $ (2,814) $ (8) $ (14,073) Year Ended December 31, 2019 Travelzoo North America Travelzoo Europe Jack's Flight Club Elimination Consolidated Revenues from unaffiliated customers $ 65,455 $ 39,556 $ — $ (86) $ 104,925 Intersegment revenues 2,572 (2,658) — 86 — Total net revenues $ 68,027 $ 36,898 $ — $ — $ 104,925 Operating income (loss) $ 12,666 $ 4,461 $ — $ (86) $ 17,041 As of December 31, 2020 Travelzoo North America Travelzoo Europe Jack's Flight Club Elimination Consolidated Long-lived assets $ 1,123 $ 224 $ — $ — $ 1,347 Total assets $ 138,020 $ 31,659 $ 6 $ (67,515) $ 102,170 As of December 31, 2019 Travelzoo North America Travelzoo Europe Elimination Consolidated Long-lived assets $ 2,598 $ 263 $ — $ 2,861 Total assets $ 66,803 $ 74,604 $ (90,830) $ 50,577 Revenue for each segment is recognized based on the customer location within a designated geographic region. Property and equipment are attributed to the geographic region in which the assets are located. For the years ended December 31, 2020 and 2019, the Company did not have any customers that accounted for 10% or more of revenue. As of December 31, 2020 and 2019, the Company did not have any customers that accounted for 10% or more of accounts receivable. The following table sets forth the breakdown of revenues (in thousands) by category and segment. Travel revenue includes travel publications ( Top 20, Travelzoo website , Newsflash, Travelzoo Network ), Getaways vouchers, hotel platform and vacation packages. Local revenue includes Local Deals vouchers and entertainment offers (vouchers and direct bookings). Year Ended December 31, 2020 2019 Travelzoo North America Travel $ 32,042 $ 57,866 Local 2,870 10,161 Total Travelzoo North America revenues 34,912 68,027 Travelzoo Europe Travel 13,826 32,081 Local 1,326 4,817 Total Travelzoo Europe revenues 15,152 36,898 Jack's Flight Club 3,537 — Travel 45,868 89,947 Local 4,196 14,978 Jack's Flight Club 3,537 — Total revenues $ 53,601 $ 104,925 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): The following table sets forth revenue for individual countries that were 10% or more of total revenue (in thousands): Year Ended December 31, 2020 2019 Revenue United States $ 31,854 $ 61,375 United Kingdom 12,832 19,961 Germany 4,853 12,176 Rest of the world 4,062 11,413 Total revenues $ 53,601 $ 104,925 The following table sets forth long lived assets by geographic area (in thousands): December 31, 2020 2019 United States $ 912 $ 2,359 Rest of the world 435 502 Total long lived assets $ 1,347 $ 2,861

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2020
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions Ralph Bartel, who founded Travelzoo and who is a Director of the Company is the sole beneficiary of the Ralph Bartel 2005 Trust, which is the controlling shareholder of Azzurro Capital Inc. ("Azzurro"). As of December 31, 2020, Azzurro is the Company's largest stockholder, holding approximately 40% of the Company's outstanding shares. In September 2015, the Company granted Holger Bartel, options to purchase 400,000 shares of common stock of the Company, with an exercise price of $8.07 and quarterly vesting beginning on March 31, 2016 (the “2015 Option Agreement”). In October 2017, the Company granted Mr. Bartel options to purchase 400,000 shares of common stock, with an exercise price of $6.95 and quarterly vesting beginning on March 31, 2018 (the “2017 Option Agreement”). During 2019, 250,000 options granted pursuant to the 2017 Option Agreement were exercised by Mr. Bartel. The remaining 150,000 options are fully vested. In September 2019, the Company granted Mr. Bartel options to purchase 400,000 shares of common stock subject to shareholder approval, with an exercise price of $10.79 and quarterly vesting beginning on March 31, 2020 and ending on December 31, 2021 (the “2019 Option Agreement” and together with the 2015 Option Agreement and the 2017 Option Agreements, the “Bartel Option Agreements”). On May 29, 2020, the shareholders of the Company approved certain amendments to the Bartel Option Agreements, which increased and repriced all outstanding, unexercised options granted to Mr. Bartel (the “Option Agreement Amendments”). The exercise price for the options was repriced to the official NASDAQ closing share price on March 30, 2020 (the date of execution of the Option Agreement Amendments), which was $3.49. Additionally, the Option Agreement Amendments made the following increases: (a) 400,000 additional options to purchase the Company’s common stock pursuant to the 2015 Option Agreement, (b) 150,000 additional options to purchase the Company’s common stock pursuant to the 2017 Option Agreement, and (c) 400,000 additional options to purchase the Company’s common stock pursuant to the 2019 Option Agreement, which resulted in a total of 1,900,000 options granted to Mr. Bartel pursuant to the Option Agreement Amendments. Mr. Bartel’s amended options pursuant to the 2015 Option Agreement and the 2017 Option Agreement were fully vested upon the execution of the applicable Option Agreement Amendment. WeGo signed a $2.1 million insertion order for advertising with the Company in 2018. The Company’s advertising revenues from WeGo in the years ended December 31, 2020 and 2019 were $384,000 and $1.2 million , respectively. WeGo agreed to pay in a lump sum the remaining amount outstanding pursuant to the Insertion Order, equal to approximately $200,000. The Second Insertion Order and any obligation for additional payments from WeGo for marketing were terminated. The lump sum payment was made in th e first quarter of 2021. On February 13, 2019, the Company entered into a SRA with Azzurro to repurchase an aggregate of 100,000 shares of the Company’s common stock for an aggregate purchase price of $1.6 million. The SRA provides that the purchase price is based on the five (5) day volume weighted average price calculated using the VWAP function on Bloomberg, from the dates of February 6, 2019 through and including February 12, 2019, minus a five percent (5%) discount. The Company’s board of directors established a special committee (the “Special Committee”), consisting of independent and disinterested directors who engaged independent legal counsel and an independent financial advisor, to authorize the transaction. On November 9, 2019, the Company entered into a SRA with Holger Bartel to repurchase an aggregate of 200,000 shares of the Company’s common stock for an aggregate purchase price of $2.0 million. The SRA provides that the purchase price is based on the 10-day volume weighted average price calculated using the VWAP function on Bloomberg, from the dates of October 22, 2019 through and including November 4, 2019, less 4.4%. On October 22, 2020, Azzurro, a significant shareholder of the Company, purchased 50,000 shares of the Company’s common stock from Mr. Holger Bartel at a price of $7.80 based on the closing price of October 21, 2020. Ralph Bartel, who founded the Company and who is a Director of the Company, is the sole beneficiary of the Ralph Bartel 2005 Trust, which is the controlling shareholder of Azzurro. Mr. Holger Bartel had previously granted a proxy to Azzurro with power to vote these shares. Azzurro had reported those shares as beneficially owned by it because of the voting power, although it disclaimed beneficial ownership and had no pecuniary interest in the shares. This related party transaction was reviewed and approved in advance by the Audit Committee of the Board of Directors of the Company.

Leases

Leases	12 Months Ended
	Dec. 31, 2020
Leases [Abstract]
Leases	LeasesThe Company has operating leases for real estate and certain equipment. The Company leases office space in Canada, France, Germany, Spain, the U.K., and the U.S. under operating leases. Our leases have remaining lease terms ranging from less than one year to up to ten years. Certain leases include one or more options to renew. In addition, we sublease certain real estate to a third party. All of our leases qualify as operating leases. The following table summarizes the components of lease expense for the year ended December 31, 2020 and 2019 (in thousands): Year Ended December 31, 2020 2019 Operating lease cost $ 4,435 $ 4,078 Short-term lease cost 26 663 Variable lease cost 1,060 1,197 Sublease income (336) (336) Total lease cost $ 5,185 $ 5,602 For the year ended December 31, 2020 and 2019, cash payments against the operating lease liabilities totaled $4.7 million and $5.6 million, respectively. ROU assets obtained in exchange for lease obligations was $3.2 million and $4.1 million for the year ended December 31, 2020 and 2019, respectively. The following table summarizes the presentation in our consolidated balance sheet of our operating leases (in thousands): December 31, 2020 2019 Assets: Operating lease right-of-use assets $ 8,541 $ 8,140 Liabilities: Operating lease liabilities $ 3,587 $ 4,847 Long-term operating lease liabilities 10,774 7,920 Total operating lease liabilities $ 14,361 $ 12,767 Weighted average remaining lease term (years) 7.28 3.43 Weighted average discount rate 3.6 % 4.5 % Maturities of lease liabilities were as follows (in thousands): Years ending December 31, 2021 $ 3,622 2022 2,278 2023 1,879 2024 1,426 2025 1,350 Thereafter 5,625 Total lease payments 16,180 Less interest (1,819) Present value of operating lease liabilities $ 14,361

Discontinued Operations

Discontinued Operations	12 Months Ended
	Dec. 31, 2020
Discontinued Operations and Disposal Groups [Abstract]
Discontinued Operations	Discontinued Operations On March 10, 2020, Travelzoo issued a press release announcing that it will exit its business in Asia Pacific. The decision supports the Company's strategy to focus on value creation for shareholders by focusing on growing the businesses in North America and Europe, where the Company continues to see strong interest from our members in travel deals. The Asia Pacific business shut down and ceased operations as of March 31, 2020, except for the Company's Japan and Singapore units, which were held for sale. The Company considers this decision to be a strategic shift in its strategy which will have a major effect on its operations. The Company has classified Asia Pacific as discontinued operations at March 31, 2020. Prior periods have been reclassified to conform with the current presentation. The following table provides a summary of amounts included in discontinued operations for the year ended December 31, 2020 and 2019 (in thousands): Year Ended December 31, 2020 2019 Revenues $ 970 $ 6,482 Cost of revenues 6 453 Gross profit 964 6,029 Operating expenses: Sales and marketing 1,712 9,008 Product development — 175 General and administrative 2,836 4,427 Total operating expenses 4,548 13,610 Loss from operations (3,584) (7,581) Other income (loss), net 194 (474) Loss before income taxes (3,390) (8,055) Income tax expense — 82 Net loss $ (3,390) $ (8,137) The Company recorded severance and disposal costs of $1.6 million during the first quarter of fiscal year 2020 for the shut down and such costs were classified in “general and administrative” in the table above. Certain reclassifications have been made for current and prior periods between the continued operations and the discontinued operations in accordance with U.S. GAAP. Those reclassifications included direct operating expenses and certain allocation of expenses including $64,000 and $135,000 of cost of revenues that were reclassified from the discontinued operations to continued operations for the years ended December 31, 2020 and 2019 , respectively. In addition, $7,000 and $204,000 of operating expenses were reclassified from continued operations to discontinued operations for the years ended December 31, 2020 and 2019 , respectively. On June 16, 2020, in connection with its Asia Pacific exit plan, the Company completed a sale of 100% of the outstanding capital stock of Travelzoo Japan to the Japan Buyer for consideration of 1 Japanese Yen. The Company recognized a pre-tax loss of $128,000 . T he parties also entered into a License Agreement, whereby the Travelzoo Japan obtained a license to use the intellectual property of Travelzoo exclusively in Japan in exchange for quarterly royalty payments based on revenue over a 5-year term, with an option to renew. However, Travelzoo Japan is only obligated to pay Travelzoo if Travelzoo Japan has a positive EBITDA (earnings before interest, taxes, depreciation and amortization) adjusted pro forma before royalty expenses, according to Travelzoo Japan’s income statement. Travelzoo was not able to estimate whether Travelzoo Japan will generate positive EBITDA b ased on the uncertainties, and no amount has been recorded for future royalties under this agreement. The Company did not record royalties from Travelzoo Japan for 2020 and will record royalties from Travelzoo Japan on a one-quarter lag basis for future royalties. A n interest free loan was provided to the Japan Buyer for JPY 46.0 million (approximately $430,000) to be repaid over 3 years. On August 24, 2020, the Company completed a sale of 100% of the outstanding capital stock of Travelzoo Singapore, to an unaffiliated entity, AUS Buyer, which is fully owned by Mr. Julian Rembrandt, the former General Manager of South East Asia and Australia of the Company for consideration of Singapore Dollar1. The parties also entered into a License Agreement, whereby the AUS Buyer obtained a license to use the intellectual property of Travelzoo exclusively in Australia, New Zealand and Singapore and non-exclusively in China and Hong Kong for quarterly royalty payments based upon revenue over a 5 year term, with an option to renew. Travelzoo was not able to estimate whether the AUS Buyer will generate revenues based on the current uncertainties, and no amount has been recorded for future royalties under this agreement. The Company did not record royalties from Travelzoo Japan for 2020 and will record royalties from Travelzoo Japan on a one-quarter lag basis for future royalties. The following table presents information related to the major classes of assets and liabilities that were classified as assets and liabilities from discontinued operations in the Consolidated Balance Sheets (in thousands): December 31, December 31, ASSETS Cash, cash equivalents and restricted cash $ 146 $ 832 Accounts receivable, net 69 1,797 Deposits — 9 Prepaid expenses and other 15 208 Deposits and other — 248 Operating lease right-of-use assets — 746 Property and equipment, net — 121 Total assets from discontinued operations $ 230 $ 3,961 LIABILITIES Accounts payable $ 611 $ 1,057 Accrued expenses and other 48 1,188 Deferred revenue 12 118 Operating lease right-of-use liabilities — 772 Total liabilities from discontinued operations $ 671 $ 3,135 The net cash used in operating activities and investing activities for the discontinued operations for the for the year ended December 31, 2020 and 2019, were as follows (in thousands): Year Ended December 31, 2020 2019 Net cash used in operating activities $ (1,974) $ (7,499) Net cash used in investing activities $ — $ (65)

Noncontrolling Interest

Noncontrolling Interest	12 Months Ended
	Dec. 31, 2020
Noncontrolling Interest [Abstract]
Noncontrolling Interest	Non-Controlling Interest The Company’s consolidated financial statements include Jack's Flight Club where the Company has operating control but owns 60% of the equity interest. The non-controlling interest for the year ending December 31, 2020 was as follow: Non-controlling interest—January 1, 2020 $ — Acquisition 5,756 Net loss attributable to non-controlling interest (1,147) Non-controlling interest—December 31, 2020 $ 4,609

Unaudited Quarterly Information

Unaudited Quarterly Information	12 Months Ended
	Dec. 31, 2020
Quarterly Financial Information Disclosure [Abstract]
Unaudited Quarterly Information	Unaudited Quarterly Information The following represents unaudited quarterly financial data for 2020 and 2019 (in thousands, except per share amounts): Quarters Ended Dec. 31, 2020 Sep. 30, 2020 Jun. 30, 2020 Mar. 31, 2020 Revenues $ 12,483 $ 13,787 $ 7,004 $ 20,327 Cost of revenues 2,795 2,924 2,141 2,703 Gross profit 9,688 10,863 4,863 17,624 Operating expenses: Sales and marketing 6,305 6,929 4,288 13,094 Product development 495 592 566 1,428 General and administrative 3,785 4,545 6,642 5,522 Impairment of intangible asset and goodwill — — — 2,920 Total operating expenses 10,585 12,066 11,496 22,964 Operating loss (897) (1,203) (6,633) (5,340) Other income (loss), net 677 (37) (179) (6) Loss from continuing operations before income taxes (220) (1,240) (6,812) (5,346) Income tax benefit (368) (244) (1,309) (517) Income (loss) from continuing operations 148 (996) (5,503) (4,829) Income (loss) from discontinued operations, net of tax 554 (230) (795) (2,919) Net income (loss) 702 (1,226) (6,298) (7,748) Net income (loss) attributable to non-controlling interest (25) 125 (108) (1,139) Net income (loss) attributable to Travelzoo $ 727 $ (1,351) $ (6,190) $ (6,609) Net income (loss) attributable to Travelzoo—continuing operations $ 173 $ (1,121) $ (5,395) $ (3,690) Net income (loss) attributable to Travelzoo—discontinued operations $ 554 $ (230) $ (795) $ (2,919) Income (loss) per share—basic Continuing operations $ 0.02 $ (0.10) $ (0.48) $ (0.32) Discontinued operations $ 0.05 $ (0.02) $ (0.07) $ (0.26) Net income (loss) per share—basic $ 0.06 $ (0.12) $ (0.55) $ (0.58) Income (loss) per share—diluted Continuing operations $ 0.01 $ (0.10) $ (0.48) $ (0.32) Discontinued operations $ 0.04 $ (0.02) $ (0.07) $ (0.26) Net income (loss) per share —diluted $ 0.06 $ (0.12) $ (0.55) $ (0.58) Quarters Ended Dec. 31, 2019 Sep. 30, 2019 Jun. 30, 2019 Mar. 31, 2019 Revenues $ 25,326 $ 23,833 $ 26,606 $ 29,160 Cost of revenues 3,046 2,852 2,672 2,865 Gross profit 22,280 20,981 23,934 26,295 Operating expenses: Sales and marketing 12,737 11,967 13,104 13,534 Product development 1,853 1,434 1,763 1,659 General and administrative 4,764 4,188 4,914 4,532 Total operating expenses 19,354 17,589 19,781 19,725 Operating income 2,926 3,392 4,153 6,570 Other income (loss), net (90) 32 (29) 45 Income from continuing operations before income taxes 2,836 3,424 4,124 6,615 Income tax expense 1,116 860 1,066 1,670 Income from continuing operations 1,720 2,564 3,058 4,945 Loss from discontinued operations, net of tax (2,319) (2,258) (1,730) (1,825) Net income (loss) $ (599) $ 306 $ 1,328 $ 3,120 Net income (loss) attributable to Travelzoo—continuing operations $ 1,720 $ 2,564 $ 3,058 $ 4,945 Net income (loss) attributable to Travelzoo—discontinued operations $ (2,319) $ (2,258) $ (1,730) $ (1,825) Income (loss) per share—basic Continuing operations $ 0.15 $ 0.22 $ 0.25 $ 0.41 Discontinued operations $ (0.20) $ (0.19) $ (0.14) $ (0.15) Net income (loss) per share—basic $ (0.05) $ 0.03 $ 0.11 $ 0.26 Income (loss) per share—diluted Continuing operations $ 0.15 $ 0.21 $ 0.25 $ 0.41 Discontinued operations $ (0.20) $ (0.19) $ (0.14) $ (0.15) Net income per share —diluted $ (0.05) $ 0.03 $ 0.11 $ 0.26

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2020
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events License Agreement with Azzurro Brands Inc. On March 12, 2021, the Company entered into a License Agreement (the “License Agreement”) with Azzurro Brands Inc., a New York corporation (“Azzurro Brands”) that is a wholly-owned subsidiary of Azzurro Capital Inc., the Company’s largest shareholder. Pursuant to the terms of the License Agreement, the Company was granted the exclusive right and license to use a database of 2.2 million subscribers that Azzurro Brands purchased from a competitor of Travelzoo. The License Agreement requires that the Company pay a license fee of $413,000 per quarter, with an initial payment of $894,000 due upon execution, which would cover the period from execution until Q4 2021. The License Agreement has a term of one (1) year with an automatic renewal, terminable by either party with sixty (60) days’ written notice before the end of the term. The License Agreement contains customary representations and warranties. Stock Repurchase Agreement Travelzoo from time to time, engages in share repurchases and on March 27, 2021, the Company entered into a Stock Repurchase Agreement (the “SRA”) with Holger Bartel to repurchase an aggregate of 100,000 shares of the Company’s common stock at a price of $15.83 per share. The SRA provides that the purchase price is based on the 10-day volume weighted average price calculated using the VWAP function on Bloomberg, from the dates of March 15, 2021 through and including March 26, 2021, less a 5% discount. The aggregate purchase price of $1.6 million was paid on the first business day following the execution of the SRA. Prior to the execution of the SRA and because Mr. Bartel is an executive officer of the Company, the Company’s board of directors delegated to its compensation committee, which consists of independent and disinterested directors, the exclusive power and authority to determine whether any potential transaction to acquire shares from Mr. Bartel was advisable, fair to and in the best interests of the Company and its stockholders, other than Mr. Bartel. In connection with its determination, the compensation committee engaged independent legal counsel and an independent financial advisor and unanimously approved the SRA. The SRA contains customary terms for transactions of this type, including, but not limited to, representations and warranties made by the Company and Mr. Bartel.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Revenue Recognition	Revenue RecognitionThe Company follows Accounting Standards Update No. 2014-09, "Revenue from Contracts with Customers" (Topic 606). Under Topic 606, revenue is recognized when control of the promised goods or services is transferred to our customers, in an amount that reflects the consideration we expect to be entitled to in exchange for those goods or services. The Company's revenues are primarily advertising fees generated from the publishing of travel and entertainment deals on the Travelzoo website, in the Top 20 email newsletter, in Newsflash and through the Travelzoo Network . The Company also generates transaction-based revenues from the sale of vouchers through our Local Deals and Getaways products and operation of a hotel booking platform, limited offerings of vacation packages and subscription revenues from Jack's Flight Club. The Company's disaggregated revenues are included in “Note 12: Segment Reporting and Significant Customer Information”. For fixed-fee website advertising, the Company recognizes revenues ratably over the contracted placement period. For Top 20 email newsletter and other email products, the Company recognizes revenues when the emails are delivered to its members. The Company offers advertising on a cost-per-click basis, which means that an advertiser pays the Company only when a user clicks on an ad on Travelzoo properties or Travelzoo Network members’ properties. For these customers, the Company recognizes revenues each time a user clicks on the ad. The Company also offers advertising on other bases, such as cost-per-impression, which means that an advertiser pays the Company based on the number of times their advertisement is displayed on Travelzoo properties, email advertisement, Travelzoo Network properties, or social media properties. For these customers, the Company recognizes revenues each time an ad is displayed or email delivered. For transaction based revenues, including products such as Local Deals, Getaways , hotel platform and vacation packages, the Company evaluates whether it is the principal (i.e., report revenue on a gross basis) versus an agent (i.e., report revenue on a net basis). The Company reports transaction revenue on a net basis because the supplier is primarily responsible for providing the underlying service and we do not control the service provided by the supplier prior to its transfer to the customer. For Local Deals and Getaways products, the Company earns a fee for acting as an agent for the sale of vouchers that can be redeemed for services with third-party merchants. Revenues are presented net of the amounts due to the third-party merchants for fulfilling the underlying services and an estimated amount for future refunds. Since the second quarter of 2020, the Company expanded its vouchers refund policy in order to entice customers given the current economic climate to fully refundable until the voucher expires or is redeemed by the customer. Certain merchant contracts allow the Company to retain the proceeds from unredeemed vouchers. With these contracts, the Company estimates the value of vouchers that will ultimately not be redeemed and records the estimate as revenues in the same period. Jack’s Flight Club revenue is generated from paid subscriptions by members. Subscription options are quarterly, semi-annually, and annually. We recognize the revenue monthly pro rata over the subscription period. Commission revenue related to our hotel platform is recognized ratably over the period of guest stay, net of an allowance for cancellations based upon historical patterns. For arrangements for booking non-cancelable reservations where the Company’s performance obligation is deemed to be the successful booking of a hotel reservation, the Company records revenue for the commissions upon completion of the hotel booking. The Company’s contracts with customers may include multiple performance obligations in which the Company allocates revenues to each performance obligation based on its standalone selling price. The Company determines standalone selling price based on its overall pricing objectives, taking into consideration the type of services, geographical region of the customers, normal rate card pricing and customary discounts. Standalone selling price is generally determined based on the prices charged to customers when the product is sold separately. The Company relies upon the following practical expedients and exemptions allowed for in the Topic 606. The Company expenses sales commissions when incurred because the amortization period would be one year or less. These costs are recorded in sales and marketing expenses. In addition, the Company does not disclose the value of unsatisfied performance obligations for (a) contracts with an original expected length of one year or less and (b) contracts for which it recognizes revenues at the amount to which it has the right to invoice for services performed.
Reserve for Refunds to Member	Reserve for Refunds to Members The Company records an estimated reserve for refunds to members based on our historical experience at the time revenue is recorded for Local Deals and Getaway voucher sales. We consider many key factors such as the historical refunds based upon the time lag since the sale, historical reasons for refunds, time period that remains until the deal expiration date, any changes in refund procedures and estimates of redemptions and breakage. For publishing revenue, we recognize revenue upon delivery of the emails and delivery of the clicks, over the period of the placement of the advertising. Insertion orders for publishing revenue are typically for periods between one month and twelve months and are not automatically renewed. For Getaways vouchers, we recognize a percentage of the face value of the vouchers upon the sale of the vouchers. Merchant agreements for Getaways advertisers are typically for periods between twelve months and twenty-four months and are not automatically renewed. Since the second quarter of 2020, the Company expanded its vouchers refund policy in order to entice customers given the current economic climate to fully refundable until the voucher expires or is redeemed by the customer. The Company now offers fully refundable refunds for vouchers that have not been redeemed or expired. The expiration dates of vouchers range between January 2021 through January 2023. The revenues generated from Local Deals vouchers and entertainment offers are based upon a percentage of the face value of the vouchers, commission on actual sales or a listing fee based on audience reach. For Local Deals vouchers, we recognize a percentage of the face value of vouchers upon the sale of the vouchers. The Company estimated the refund reserve by using historical and current refund rates by product and by merchant location to calculate the estimated future refunds. As of December 31, 2020, the Company had approximately $15.2 million of unredeemed vouchers that had been sold during 2020 representing the Company’s commission earned from the sale. The Company had estimated a refund liability of $3.9 million for these unredeemed vouchers as of December 31, 2020 which is recorded as a reduction of revenues and is reflected as a current liability in Accrued expenses and other on the consolidated balance sheet. The Company has recorded a Merchant Payables of $57.1 million as of December 31, 2020 related to unredeemed vouchers. Insertion orders and merchant agreements for Local are typically for periods between one month and twelve months and are not automatically renewed except for merchant contracts in foreign locations. Should any of these factors change, the estimates made by management will also change, which could impact the level of our future reserve for refunds to member. Specifically, if the financial condition of our advertisers, the business that is providing the vouchered service, were to deteriorate, affecting their ability to provide the services to our members, additional reserves for refunds to members may be required. Estimated member refunds that are determined to be recoverable from the merchant are recorded in the consolidated statements of operations as a reduction to revenue. We accrue costs associated with refunds in accrued expenses on the consolidated balance sheets. Estimated member refunds that are determined not to be recoverable from the merchant, are presented as a cost of revenue. If our judgments regarding estimated member refunds are inaccurate, reported results of operations could differ from the amount we previously accrued.
Business Combinations	Business CombinationsThe purchase price of an acquisition is allocated to the tangible and intangible assets acquired and liabilities assumed based on their estimated fair values at the acquisition date. To the extent the purchase price exceeds the fair value of the net identifiable tangible and intangible assets acquired and liabilities assumed, such excess is allocated to goodwill. The Company determines the estimated fair values after review and consideration of relevant information, including discounted cash flows, quoted market prices and estimates made by management. The Company records the net assets and results of operations of an acquired entity from the acquisition date and adjusts the preliminary purchase price allocation, as necessary, during the measurement period of up to one year after the acquisition closing date as it obtains more information as to facts and circumstances existing at the acquisition date impacting asset valuations and liabilities assumed. Acquisition-related costs are recognized separately from the acquisition and are expensed as incurred.
Identifiable intangible assets	Identifiable intangible assets Upon acquisition, identifiable intangible assets are recorded at fair value and are carried at cost less accumulated amortization. Identifiable intangible assets with finite lives are amortized on a straight-line basis over their estimated useful lives. The carrying values of all intangible assets are reviewed for impairment whenever events or changes in circumstances indicate that their carrying amounts may not be recoverable.
Goodwill	GoodwillGoodwill represents the excess of the purchase price of an acquired business over the fair value of the underlying net tangible and intangible assets. Goodwill is evaluated for impairment annually, and whenever events or changes in circumstances indicate the carrying value of goodwill may not be recoverable. In testing goodwill for impairment, the Company first uses a qualitative assessment to evaluate whether it is more likely than not that the fair value of a reporting unit is less than the carrying amount. If the qualitative assessment indicates that goodwill impairment is more likely than not, the Company performs an impairment test by comparing the book value of net assets to the fair value of the reporting units.
Allowance for Doubtful Accounts	Allowance for Doubtful AccountsThe Company records a provision for doubtful accounts based on its historical experience of write-offs and a detailed assessment of our accounts receivable and allowance for doubtful accounts. In estimating the provision for doubtful accounts, management considers the age of the accounts receivable, historical write-offs, the creditworthiness of the advertiser, the economic conditions of the advertiser’s industry, and general economic conditions, among other factors. Should any of these factors change, the estimates made by management will also change, which could impact the level of the future provision for doubtful accounts. Specifically, if the financial condition of our advertisers were to deteriorate, affecting their ability to make payments, additional provision for doubtful accounts may be required.
Advertising Costs	Advertising CostsAdvertising costs are expensed as incurred. Online advertising is expensed as incurred over the period the advertising is displayed.
Operating Leases	Operating Leases The Company determines if an arrangement contains a lease at inception. Operating lease right-of-use (“ROU”) assets and operating lease liabilities are recognized based on the present value of the future minimum lease payments over the lease term at commencement date. The lease payments used to determine the operating lease assets may include lease incentives and stated rent increases. The Company does not include options to extend or terminate until it is reasonably certain that the option will be exercised. Lease expense is recognized on a straight-line basis over the lease term. The Company uses its incremental borrowing rate based on the information available at the commencement date in determining the lease liabilities as the Company’s leases generally do not provide an implicit rate. The Company elected not to recognize leases with an initial term of 12 months or less on its consolidated balance sheets. The Company’s leases are reflected in operating lease ROU assets, operating lease liabilities and long-term operating lease liabilities in our accompanying consolidated balance sheet as of December 31, 2020. Lease expense for minimum lease payments is recognized on a straight-line basis over the lease term. The Company also has a real estate lease agreement which is subleased to a third party. The Company recognizes sublease income in Other income (expense), net on a straight-line basis over the lease term in its consolidated statements of operations.
Stock-Based Compensation	Stock-Based CompensationThe Company accounts for its employee stock options under the fair value method, which requires stock-based compensation to be estimated using the fair value on the date of grant using an option-pricing model. The value of the portion of the award that is expected to vest is recognized as expense over the related employees’ requisite service periods in the Company’s consolidated statements of operations. See Note 10 to the consolidated financial statements for a further discussion on stock-based compensation.
Foreign Currency	Foreign CurrencyAll foreign subsidiaries use the local currency of their respective countries as their functional currency. Assets and liabilities are translated into U.S. dollars at exchange rates prevailing at the balance sheet dates. Revenues, costs and expenses are translated into U.S. dollars at average exchange rates for the period. Gains and losses resulting from translation are recorded as a component of accumulated other comprehensive income (loss). Realized gains and losses from foreign currency transactions are recognized as gain or loss on foreign currency in the consolidated statements of operations.
Income Taxes	Income Taxes Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets are recognized for deductible temporary differences, along with net operating loss carryforwards and credit carryforwards, if it is more likely than not that the tax benefits will be realized. To the extent a deferred tax asset cannot be recognized under the preceding criteria, valuation allowances must be established. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. Significant judgment is required in evaluating the Company's uncertain tax positions and determining the Company's provision for income taxes. Although the Company believes it has adequately reserved for its uncertain tax positions, no assurance can be given that the final tax outcome of these matters will not be different. The Company adjusts these reserves in light of changing facts and circumstances, such as the progress or closing of a tax audit or the refinement of an estimate. To the extent that the final tax outcome of these matters is different than the amounts recorded, such differences will impact the provision for income taxes in the period in which such determination is made. The provision for income taxes includes the impact of reserve provisions and changes to reserves that are considered appropriate, as well as the related net interest.
Comprehensive Income	Comprehensive IncomeComprehensive income consists of two components, net income and other comprehensive income (loss). Other comprehensive income (loss) refers to certain changes in equity that are excluded from net income. For the Company, other comprehensive income (loss) includes foreign currency translation adjustments. Total comprehensive income (loss) for all periods presented has been disclosed in the consolidated statements of comprehensive loss.
Certain Risks and Uncertainties	Certain Risks and UncertaintiesThe Company’s business is subject to risks associated with its ability to attract and retain advertisers and offer products or services on compelling terms to our members. The global outbreak of COVID-19 is having an unprecedented impact on the global travel and hospitality industries. Governmental authorities have implemented numerous measures to try to contain the virus, including restrictions on travel, quarantines, shelter-in-place orders, business restrictions and complete shut-downs. The measures implemented to contain COVID-19 have had, and are expected to continue to have, a significant negative effect on our business, financial condition, results of operations and cash flows. The Company’s cash, cash equivalents and accounts receivable are potentially subject to concentration of credit risk. Cash and cash equivalents are placed with financial institutions that management believes are of high credit quality. The accounts receivable are derived from revenue earned from customers located in the U.S. and internationally.
Cash, Cash Equivalents and Restricted Cash	Cash, Cash Equivalents and Restricted CashCash equivalents consist of highly liquid investments with maturities of three months or less on the date of purchase. Restricted cash includes cash and cash equivalents that is restricted through legal contracts, regulations or our intention to use the cash for a specific purpose. Our restricted cash primarily relates to refundable deposits and funds held in escrow.
Property and Equipment	Property and EquipmentProperty and equipment are stated at cost less accumulated depreciation. Additions and improvements are capitalized. Maintenance and repairs are expensed as incurred. The Company also includes in fixed assets the capitalized cost of internal-use software and website development, including software used to upgrade and enhance its website and processes supporting the Company’s business in accordance with the framework established by the FASB accounting guidance for accounting for the cost of computer software developed or obtained for internal use and accounting for website development costs. Costs incurred in the planning stage and operating stage are expensed as incurred while costs incurred in the application development stage and infrastructure development stage are capitalized, assuming such costs are deemed to be recoverable.Depreciation is provided using the straight-line method over the estimated useful lives of the assets. Estimated useful lives are 3 to 5 years for computer hardware and software, capitalized internal-use software and website development costs, and office equipment and office furniture. The Company depreciates leasehold improvements over the term of the lease or the estimated useful life of the asset, whichever is shorter.
Impairment of Long-Lived Assets	Impairment of Long-Lived AssetsThe Company accounts for long-lived assets in accordance with the accounting standard relating to impairment of long-lived assets, which requires an impairment loss to be recognized on assets to be held and used if the carrying amount of a long-lived asset group is not recoverable from its undiscounted cash flows. The amount of the impairment loss is measured as the difference between the carrying amount and the fair value of the asset group. Assets to be disposed of are reported at the lower of the carrying amount or fair value less costs to sell. The Company evaluates long-lived assets for impairment whenever events or changes in circumstances indicate the carrying value of an asset may not be recoverable.
Recent Accounting Pronouncements Note Yet Adopted & Recently Adopted Accounting Pronouncements	Recent Accounting Pronouncements Not Yet AdoptedIn June 2016, the FASB issued ASU No. 2016-13, “Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments,” which provides new guidance on the measurement of credit losses for financial assets measured at amortized cost, which includes accounts receivable. The new guidance replaces the existing incurred loss impairment model with an expected loss methodology, which will result in more timely recognition of credit losses. This update is effective for public business entities for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. For Smaller Reporting Companies (as such term is defined by the SEC), such as Travelzoo, the standard will be effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. Early adoption is permitted for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Entities are required to apply this update on a modified retrospective basis with a cumulative-effect adjustment to retained earnings as of the beginning of the period of adoption. The Company is currently evaluating the impact on its financial position and results of operations. (p) Recently Adopted Accounting Pronouncements In January 2017, the FASB issued ASU No. 2017-04, “Intangibles-Goodwill and Other (Topic 350) Simplifying the Test for Goodwill Impairment.” ASU 2017-04 simplifies the accounting for goodwill impairment by eliminating the Step 2 requirement to calculate the implied fair value of goodwill. As a result, an entity should perform its annual, or interim, goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount. An entity should recognize an impairment charge for the amount by which the carrying amount exceeds the reporting units' fair value; however, the loss recognized should not exceed the total amount of goodwill allocated to that reporting unit. An entity still has the option to perform the qualitative assessment for a reporting unit to determine if the quantitative impairment test is necessary. The ASU is effective for fiscal years beginning after December 15, 2022 for Smaller Reporting Companies, including interim periods within those fiscal years, with early adoption permitted. The Company early adopted ASU 2017-04 as of January 1, 2020 and the adoption did not have a material impact on its consolidated financial statements. In August 2018, the FASB issued ASU No. 2018-15, “Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That is a Service Contract.” The new guidance requires a customer in a cloud computing arrangement that is a service contract to follow the internal-use software guidance in ASC 350-40 to determine which implementation costs to capitalize as assets or expense as incurred. The guidance is effective for calendar-year public business entities in 2020. Early adoption is permitted. The adoption did not have a material impact on the Company’s financial position, results of operations and cash flows.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Reconciliation of Cash, Cash Equivalents and Restricted Cash	The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the consolidated balance sheets to the total amounts shown in the statements of cash flows (in thousands): December 31, December 31, 2020 2019 Cash and cash equivalents $ 63,061 $ 18,743 Restricted cash 1,178 1,135 Cash, cash equivalents and restricted cash–discontinued operations 146 832 Total cash, cash equivalents and restricted cash in the condensed consolidated statements of cash flows $ 64,385 $ 20,710

Net Income (Loss) Per Share (Ta

Net Income (Loss) Per Share (Tables)	12 Months Ended
	Dec. 31, 2020
Earnings Per Share [Abstract]
Schedule of Basic and Diluted Net Income (Loss) Per Share	The following table sets forth the calculation of basic and diluted net income (loss) per share (in thousands, except per share amounts): Year Ended December 31, 2020 2019 Numerator: Net income (loss) attributable to Travelzoo—continuing operations $ (10,033) $ 12,287 Net income (loss) attributable to Travelzoo—discontinued operations (3,390) (8,132) Denominator: Weighted average common shares—basic 11,344 11,809 Effect of dilutive securities: stock options — 226 Weighted average common shares—diluted 11,344 12,035 Income (loss) per share—basic Continuing operations $ (0.88) $ 1.04 Discontinued operations (0.30) (0.69) Net income (loss) per share —basic $ (1.18) $ 0.35 Income (loss) per share—diluted Continuing operations $ (0.88) $ 1.02 Discontinued operations (0.30) (0.69) Net income (loss) per share—diluted $ (1.18) $ 0.35

Acquisition (Tables)

Acquisition (Tables)	12 Months Ended
	Dec. 31, 2020
Business Combinations [Abstract]
Schedule of Purchase Price Allocation	The purchase price allocation is based on estimates, assumptions and third-party valuations. The aggregate purchase price and allocation was as follows (in thousands): Purchase Price Jack’s Flight Club Cash paid $ 1,000 Promissory notes issued 10,931 Fair Value of Put/Call Option 183 $ 12,114 Allocation Goodwill $ 13,054 Intangible assets Customer relationships 3,500 Trade name 2,460 Non-compete agreements 660 Current assets acquired, including cash of $321 324 Current liabilities assumed (40) Deferred revenue (881) Deferred tax liabilities (1,391) Non-controlling interest (5,572) $ 12,114
Schedule of Goodwill	The following table summarizes the goodwill activity for the year ended December 31, 2020 (in thousands): Goodwill—January 1, 2020 $ — Acquisition 13,054 Impairment—March 31, 2020 (2,110) Goodwill—December 31, 2020 $ 10,944
Schedule of Intangible Assets	The following table represents the fair value and estimated useful lives of intangible assets (in thousands): Fair Value Estimated Life (Years) Customer relationships $ 3,500 5 Trade name 2,460 indefinite Non-compete agreements 660 4 The following table represents the activities of intangible assets for the year ended December 31, 2020 (in thousands): Fair Value Intangible assets—January 1, 2020 $ — Acquisition 6,620 Impairment of trade name—March 31, 2020 (810) Amortization of intangible assets with definite lives (1,276) Intangible assets- December 31, 2020 $ 4,534
Schedule of Expected Future Amortization Expense	Expected future amortization expense of acquired intangible assets as of December 31, 2020 is as follows (in thousands): Years ending December 31, 2021 $ 1,108 2022 875 2023 641 2024 250 Thereafter 10 $ 2,884
Summary of Pro Forma Financial Information	The following table summarizes the pro forma financial information (in thousands): Year Ended December 31, 2020 2019 Revenues $ 53,722 $ 108,220 Net income (loss) $ (14,545) $ 4,536

Balance Sheet Components (Table

Balance Sheet Components (Tables)	12 Months Ended
	Dec. 31, 2020
Balance Sheet Related Disclosures [Abstract]
Schedule of Other Assets	Prepaid expenses and other consist of the following (in thousands): December 31, 2020 2019 Prepaid expenses $ 1,073 $ 2,221 Deposits 137 105 Other current assets 93 67 Total prepaid expenses and other $ 1,303 $ 2,393
Schedule of Property and Equipment	Property and equipment consist of the following (in thousands): December 31, 2020 2019 Computer hardware and software $ 2,787 $ 2,759 Office equipment and office furniture 8,071 7,827 Capitalized internal-use software and website development 4,390 4,390 Leasehold improvements 4,126 5,745 19,374 20,721 Less accumulated depreciation and amortization (18,027) (17,860) Total $ 1,347 $ 2,861
Schedule of Changes in Allowance for Doubtful Accounts and Reserve for Subscriber Refunds	Changes to the allowance for doubtful accounts and reserve for member refunds are as follows (in thousands): Allowance Reserve for Balance at January 1, 2019 $ 673 $ 379 Additions — charged to costs and expenses, or contra revenue 608 1,009 Deductions — recoveries of amounts previously reserved (146) — Deductions — write-offs or refunds (29) (1,100) Balance at December 31, 2019 1,106 288 Additions — charged to costs and expenses, or contra revenue 1,983 4,847 Deductions — recoveries of amounts previously reserved (134) — Deductions — write-offs or refunds (141) (1,050) Balance at December 31, 2020 $ 2,814 $ 4,085
Schedule of Accrued Expenses	Accrued expenses and other consist of the following (in thousands): December 31, 2020 2019 Reserve for member refunds $ 4,085 $ 288 Accrued advertising expense 469 1,654 Accrued compensation expense 2,144 2,477 Other accrued expenses 1,951 1,862 Total accrued expenses and other $ 8,649 $ 6,281

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Schedule of Income (Loss) before Income Tax Expense by Jurisdiction	The components of income (loss) before income tax expense (benefit) are as follows (in thousands): Year Ended December 31, 2020 2019 U.S. $ (11,865) $ 11,553 Foreign (1,753) 5,446 $ (13,618) $ 16,999
Schedule of Income Tax Expense	The deferred tax provision (benefit) results from changes in the Company’s deferred tax assets (future deductible amounts) and tax liabilities (future taxable amounts), which are presented in the table below: Current Deferred Total (In thousands) Year Ended December 31, 2020 Federal $ 2,006 $ (3,775) $ (1,769) State 360 (646) (286) Foreign (32) (351) (383) $ 2,334 $ (4,772) $ (2,438) Year Ended December 31, 2019 Federal $ 2,399 $ 257 $ 2,656 State 516 47 563 Foreign 1,539 (46) 1,493 $ 4,454 $ 258 $ 4,712
Schedule of Tax Expense to Effective Tax Rate	Income tax expense differed from the amounts computed by applying the U.S. federal statutory tax rate applicable to the Company’s level of pretax income as a result of the following (in thousands): Year Ended December 31, 2020 2019 Federal tax at statutory rates $ (2,860) $ 3,570 State taxes, net of federal income tax benefit (248) 453 Change of valuation allowance 349 — Uncertain tax positions 624 61 Foreign income taxed at different rates (770) 41 Foreign tax credit (595) — Foreign equity investment 12 172 Non-deductible expenses and other 1,050 415 Total income tax expense (benefit) $ (2,438) $ 4,712
Schedule of Deferred Tax Assets and Liabilities	The tax effects of temporary differences that give rise to significant portions of the Company’s deferred tax assets and liabilities are as follows (in thousands): December 31, 2020 2019 Deferred tax assets: Net operating loss and credit carryforward $ 10,506 $ 11,634 Operating lease liabilities 3,337 2,632 State income taxes 70 100 Accruals and allowances 1,374 327 Stock-based compensation 1,651 643 Unrealized foreign exchange losses 176 900 Deferred revenue 87 — Capital loss carryforward 410 — Total deferred tax assets 17,611 16,236 Valuation allowance (10,145) (11,634) Total deferred tax assets net of valuation allowance 7,466 4,602 Deferred tax liabilities: Deferred revenue — (72) Operating lease right-of-use assets (1,908) (2,423) Property, equipment and intangible assets (848) (56) Total deferred tax liabilities (2,756) (2,551) Net deferred tax assets $ 4,710 $ 2,051
Schedule of Changes in the Deferred Tax Assets Valuation Allowance	Changes in the deferred tax assets valuation allowance for the years ended December 31, 2019 and 2020 are as follows (in thousands): Balance at the beginning of the year Charged (Credited) to expenses Charged (Credited) to other account (*) Balance at end of year Deferred tax assets valuation allowance 2019 $ 9,723 2,032 (121) $ 11,634 2020 $ 11,634 (2,123) 634 $ 10,145 (*) Amounts not charged (credited) to expenses are charged (credited) to stockholder's equity or deferred tax assets (liabilities).
Schedule of Rollforward of Unrecognized Tax Benefits	A reconciliation of the beginning and ending amount of gross unrecognized tax benefits in 2019 and 2020 is as follows (in thousands): Gross unrecognized tax benefits balance at January 1, 2019 $ 239 Increase related to current year tax positions 7 Settlements (68) Gross unrecognized tax benefits balance at December 31, 2019 178 Increase related to current year tax positions 596 Settlements — Gross unrecognized tax benefits balance at December 31, 2020 $ 774

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (Tables)	12 Months Ended
	Dec. 31, 2020
Equity [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss)	The following table summarizes the changes in accumulated balances of other comprehensive loss (in thousands): Year Ended December 31, 2020 2019 Beginning balance $ (3,452) $ (4,214) Other comprehensive income (loss) due to foreign currency translation, net of tax (8) 762 Amounts reclassified from other comprehensive income (loss), net of tax (599) — Ending balance $ (4,059) $ (3,452)

Stock-Based Compensation and _2

Stock-Based Compensation and Stock Options (Tables)	12 Months Ended
	Dec. 31, 2020
Share-based Payment Arrangement [Abstract]
Schedule of Weighted-Average Assumptions used in Black-Scholes Option Pricing Model	The fair value of 2020 stock option and modification and 2019 stock options was estimated using the Black-Scholes option pricing model with the following weighted-average assumptions: 2020 2019 Weighted-average fair value of options granted per share $ 3.86 $ 8.78 Historical volatility 78 % 60 % Risk-free interest rate 0.19 % 2.10 % Dividend yield — — Expected life in years 2.9 3.6
Schedule of Option Activity	Option activities during the years ended December 31, 2019 and 2020 were as follows: Shares Weighted-Average Weighted-Average Aggregate (In thousands) Outstanding at January 1, 2019 1,050,000 $ 9.50 7.53 years Option Granted 100,000 19.28 Exercised options (300,000) 7.22 Options forfeited and canceled (100,000) 19.74 Outstanding at December 31, 2019 750,000 $ 10.35 6.01 years Option Granted 2,850,000 $ 3.49 Exercised options (75,000) $ 3.49 Options forfeited and canceled (200,000) $ 17.48 Outstanding at December 31, 2020 3,325,000 $ 3.49 4.39 years $ 19,784 Exercisable and fully vested at December 31, 2020 2,250,000 $ 3.49 4.56 years $ 13,388 Outstanding at December 31, 2020 and expected to vest thereafter 1,075,000 $ 3.49 4.05 years $ 6,396
Schedule of Outstanding Options	Outstanding options at December 31, 2020 were as follows: Exercise Price Options Options Outstanding Weighted-Average Options Outstanding Options Exercisable $ 3.49 3,325,000 4.39 years $ 3.49 2,250,000 4.56 years

Segment Reporting and Signifi_2

Segment Reporting and Significant Customer Information (Tables)	12 Months Ended
	Dec. 31, 2020
Segment Reporting [Abstract]
Summary of Operating Results from Continuing Operations and Assets by Business Segment	The following is a summary of operating results and assets by business segment (in thousands): Year Ended December 31, 2010 Travelzoo North America Travelzoo Europe Jack's Flight Club Elimination Consolidated Revenues from unaffiliated customers $ 34,663 $ 15,409 $ 3,537 $ (8) $ 53,601 Intersegment revenues 249 (257) — 8 — Total net revenues $ 34,912 $ 15,152 $ 3,537 $ — $ 53,601 Operating income (loss) $ (5,056) $ (6,195) $ (2,814) $ (8) $ (14,073) Year Ended December 31, 2019 Travelzoo North America Travelzoo Europe Jack's Flight Club Elimination Consolidated Revenues from unaffiliated customers $ 65,455 $ 39,556 $ — $ (86) $ 104,925 Intersegment revenues 2,572 (2,658) — 86 — Total net revenues $ 68,027 $ 36,898 $ — $ — $ 104,925 Operating income (loss) $ 12,666 $ 4,461 $ — $ (86) $ 17,041
Schedule of Reconciliation of Assets by Business Segment	As of December 31, 2020 Travelzoo North America Travelzoo Europe Jack's Flight Club Elimination Consolidated Long-lived assets $ 1,123 $ 224 $ — $ — $ 1,347 Total assets $ 138,020 $ 31,659 $ 6 $ (67,515) $ 102,170 As of December 31, 2019 Travelzoo North America Travelzoo Europe Elimination Consolidated Long-lived assets $ 2,598 $ 263 $ — $ 2,861 Total assets $ 66,803 $ 74,604 $ (90,830) $ 50,577
Schedule of Breakdown of Revenues by Type and Segment	The following table sets forth the breakdown of revenues (in thousands) by category and segment. Travel revenue includes travel publications ( Top 20, Travelzoo website , Newsflash, Travelzoo Network ), Getaways vouchers, hotel platform and vacation packages. Local revenue includes Local Deals vouchers and entertainment offers (vouchers and direct bookings). Year Ended December 31, 2020 2019 Travelzoo North America Travel $ 32,042 $ 57,866 Local 2,870 10,161 Total Travelzoo North America revenues 34,912 68,027 Travelzoo Europe Travel 13,826 32,081 Local 1,326 4,817 Total Travelzoo Europe revenues 15,152 36,898 Jack's Flight Club 3,537 — Travel 45,868 89,947 Local 4,196 14,978 Jack's Flight Club 3,537 — Total revenues $ 53,601 $ 104,925
Schedule of Revenue for Individual Countries that Exceed 10% of Total Revenue	The following table sets forth revenue for individual countries that were 10% or more of total revenue (in thousands): Year Ended December 31, 2020 2019 Revenue United States $ 31,854 $ 61,375 United Kingdom 12,832 19,961 Germany 4,853 12,176 Rest of the world 4,062 11,413 Total revenues $ 53,601 $ 104,925
Schedule of Long Lives Assets by Geographic Area	The following table sets forth long lived assets by geographic area (in thousands): December 31, 2020 2019 United States $ 912 $ 2,359 Rest of the world 435 502 Total long lived assets $ 1,347 $ 2,861

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 31, 2020
Leases [Abstract]
Schedule of Lease Cost	The following table summarizes the components of lease expense for the year ended December 31, 2020 and 2019 (in thousands): Year Ended December 31, 2020 2019 Operating lease cost $ 4,435 $ 4,078 Short-term lease cost 26 663 Variable lease cost 1,060 1,197 Sublease income (336) (336) Total lease cost $ 5,185 $ 5,602
Schedule of Lease Assets and Liabilities	The following table summarizes the presentation in our consolidated balance sheet of our operating leases (in thousands): December 31, 2020 2019 Assets: Operating lease right-of-use assets $ 8,541 $ 8,140 Liabilities: Operating lease liabilities $ 3,587 $ 4,847 Long-term operating lease liabilities 10,774 7,920 Total operating lease liabilities $ 14,361 $ 12,767 Weighted average remaining lease term (years) 7.28 3.43 Weighted average discount rate 3.6 % 4.5 %
Schedule of Lease Liability Maturity	Maturities of lease liabilities were as follows (in thousands): Years ending December 31, 2021 $ 3,622 2022 2,278 2023 1,879 2024 1,426 2025 1,350 Thereafter 5,625 Total lease payments 16,180 Less interest (1,819) Present value of operating lease liabilities $ 14,361

Discontinued Operations (Tables

Discontinued Operations (Tables)	12 Months Ended
	Dec. 31, 2020
Discontinued Operations and Disposal Groups [Abstract]
Summary of Discontinued Operations	The following table provides a summary of amounts included in discontinued operations for the year ended December 31, 2020 and 2019 (in thousands): Year Ended December 31, 2020 2019 Revenues $ 970 $ 6,482 Cost of revenues 6 453 Gross profit 964 6,029 Operating expenses: Sales and marketing 1,712 9,008 Product development — 175 General and administrative 2,836 4,427 Total operating expenses 4,548 13,610 Loss from operations (3,584) (7,581) Other income (loss), net 194 (474) Loss before income taxes (3,390) (8,055) Income tax expense — 82 Net loss $ (3,390) $ (8,137) The following table presents information related to the major classes of assets and liabilities that were classified as assets and liabilities from discontinued operations in the Consolidated Balance Sheets (in thousands): December 31, December 31, ASSETS Cash, cash equivalents and restricted cash $ 146 $ 832 Accounts receivable, net 69 1,797 Deposits — 9 Prepaid expenses and other 15 208 Deposits and other — 248 Operating lease right-of-use assets — 746 Property and equipment, net — 121 Total assets from discontinued operations $ 230 $ 3,961 LIABILITIES Accounts payable $ 611 $ 1,057 Accrued expenses and other 48 1,188 Deferred revenue 12 118 Operating lease right-of-use liabilities — 772 Total liabilities from discontinued operations $ 671 $ 3,135 The net cash used in operating activities and investing activities for the discontinued operations for the for the year ended December 31, 2020 and 2019, were as follows (in thousands): Year Ended December 31, 2020 2019 Net cash used in operating activities $ (1,974) $ (7,499) Net cash used in investing activities $ — $ (65)

Noncontrolling Interest (Tables

Noncontrolling Interest (Tables)	12 Months Ended
	Dec. 31, 2020
Noncontrolling Interest [Abstract]
Redeemable Noncontrolling Interest	The non-controlling interest for the year ending December 31, 2020 was as follow: Non-controlling interest—January 1, 2020 $ — Acquisition 5,756 Net loss attributable to non-controlling interest (1,147) Non-controlling interest—December 31, 2020 $ 4,609

Unaudited Quarterly Informati_2

Unaudited Quarterly Information (Tables)	12 Months Ended
	Dec. 31, 2020
Quarterly Financial Information Disclosure [Abstract]
Schedule of Quarterly Financial Information	The following represents unaudited quarterly financial data for 2020 and 2019 (in thousands, except per share amounts): Quarters Ended Dec. 31, 2020 Sep. 30, 2020 Jun. 30, 2020 Mar. 31, 2020 Revenues $ 12,483 $ 13,787 $ 7,004 $ 20,327 Cost of revenues 2,795 2,924 2,141 2,703 Gross profit 9,688 10,863 4,863 17,624 Operating expenses: Sales and marketing 6,305 6,929 4,288 13,094 Product development 495 592 566 1,428 General and administrative 3,785 4,545 6,642 5,522 Impairment of intangible asset and goodwill — — — 2,920 Total operating expenses 10,585 12,066 11,496 22,964 Operating loss (897) (1,203) (6,633) (5,340) Other income (loss), net 677 (37) (179) (6) Loss from continuing operations before income taxes (220) (1,240) (6,812) (5,346) Income tax benefit (368) (244) (1,309) (517) Income (loss) from continuing operations 148 (996) (5,503) (4,829) Income (loss) from discontinued operations, net of tax 554 (230) (795) (2,919) Net income (loss) 702 (1,226) (6,298) (7,748) Net income (loss) attributable to non-controlling interest (25) 125 (108) (1,139) Net income (loss) attributable to Travelzoo $ 727 $ (1,351) $ (6,190) $ (6,609) Net income (loss) attributable to Travelzoo—continuing operations $ 173 $ (1,121) $ (5,395) $ (3,690) Net income (loss) attributable to Travelzoo—discontinued operations $ 554 $ (230) $ (795) $ (2,919) Income (loss) per share—basic Continuing operations $ 0.02 $ (0.10) $ (0.48) $ (0.32) Discontinued operations $ 0.05 $ (0.02) $ (0.07) $ (0.26) Net income (loss) per share—basic $ 0.06 $ (0.12) $ (0.55) $ (0.58) Income (loss) per share—diluted Continuing operations $ 0.01 $ (0.10) $ (0.48) $ (0.32) Discontinued operations $ 0.04 $ (0.02) $ (0.07) $ (0.26) Net income (loss) per share —diluted $ 0.06 $ (0.12) $ (0.55) $ (0.58) Quarters Ended Dec. 31, 2019 Sep. 30, 2019 Jun. 30, 2019 Mar. 31, 2019 Revenues $ 25,326 $ 23,833 $ 26,606 $ 29,160 Cost of revenues 3,046 2,852 2,672 2,865 Gross profit 22,280 20,981 23,934 26,295 Operating expenses: Sales and marketing 12,737 11,967 13,104 13,534 Product development 1,853 1,434 1,763 1,659 General and administrative 4,764 4,188 4,914 4,532 Total operating expenses 19,354 17,589 19,781 19,725 Operating income 2,926 3,392 4,153 6,570 Other income (loss), net (90) 32 (29) 45 Income from continuing operations before income taxes 2,836 3,424 4,124 6,615 Income tax expense 1,116 860 1,066 1,670 Income from continuing operations 1,720 2,564 3,058 4,945 Loss from discontinued operations, net of tax (2,319) (2,258) (1,730) (1,825) Net income (loss) $ (599) $ 306 $ 1,328 $ 3,120 Net income (loss) attributable to Travelzoo—continuing operations $ 1,720 $ 2,564 $ 3,058 $ 4,945 Net income (loss) attributable to Travelzoo—discontinued operations $ (2,319) $ (2,258) $ (1,730) $ (1,825) Income (loss) per share—basic Continuing operations $ 0.15 $ 0.22 $ 0.25 $ 0.41 Discontinued operations $ (0.20) $ (0.19) $ (0.14) $ (0.15) Net income (loss) per share—basic $ (0.05) $ 0.03 $ 0.11 $ 0.26 Income (loss) per share—diluted Continuing operations $ 0.15 $ 0.21 $ 0.25 $ 0.41 Discontinued operations $ (0.20) $ (0.19) $ (0.14) $ (0.15) Net income per share —diluted $ (0.05) $ 0.03 $ 0.11 $ 0.26

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Narrative (Details) member in Millions

Aug. 24, 2020

Jun. 16, 2020USD ($)

Jun. 16, 2020JPY (¥)

Jan. 13, 2020USD ($)

Feb. 29, 2020USD ($)

Apr. 30, 2019USD ($)

Apr. 30, 2018USD ($)

Mar. 31, 2020USD ($)

Dec. 31, 2020USD ($)member

Dec. 31, 2019USD ($)

Dec. 31, 2005

Dec. 23, 2020

Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]

Number of members | member

30

Payments to acquire equity method investments

$ 679,000

$ 0

Goodwill

10,944,000

0

Proceeds from sale of equity investment in WeGo

2,607,000

0

Deferred revenue

2,700,000

786,000

Deferred revenue, revenue recognized in period

364,000

Voucher liability, current

15,200,000

Refund liability

3,900,000

Merchant payables

57,104,000

12,967,000

Impairment of intangible assets, finite-lived

$ 810,000

Goodwill impairments

$ 2,100,000

Advertising costs

2,600,000

8,800,000

Marketing and advertising expense

314,000

Total foreign currency transaction gain (loss)

685,000

(80,000)

Working capital

12,800,000

Impairment of software

0

0

Travelzoo North America

Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]

Deferred revenue

1,300,000

Travelzoo Europe

Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]

Deferred revenue

$ 1,400,000

Computer hardware and software | Minimum

Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]

Estimated useful lives (in years)

3 years

Computer hardware and software | Maximum

Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]

Estimated useful lives (in years)

5 years

Capitalized internal-use software and website development | Minimum

Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]

Estimated useful lives (in years)

3 years

Capitalized internal-use software and website development | Maximum

Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]

Estimated useful lives (in years)

5 years

Office equipment and office furniture | Minimum

Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]

Estimated useful lives (in years)

3 years

Office equipment and office furniture | Maximum

Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]

Estimated useful lives (in years)

5 years

Other Income (Loss)

Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]

Total foreign currency transaction gain (loss)

$ (416,000)

5,000

Azzurro Capital, Inc.

Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]

Percent of outstanding shares

40.00%

Jack's Flight Club

Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]

Number of members | member

1.7

Percentage of ownership before transaction (up to)

100.00%

Goodwill

$ 13,054,000

$ 10,944,000

0

Goodwill impairments

2,110,000

Weekengo

Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]

Payments to acquire equity method investments

$ 1,700,000

$ 673,000

$ 3,000,000

1,800,000

Ownership percentage

26.60%

25.00%

33.70%

Equity method investment, related identifiable tangible assets

1,000,000

Goodwill

1,500,000

Loss from share of equity loss and intangible asset amortization

384,000

882,000

Proceeds from sale of equity investment in WeGo

213,000

Other income (loss)

468,000

Remaining amount

200,000

Amortization period, domain name and trademark

5 years

Amount of debt forgiven

822,000

Weekengo | Technology-Based Intangible Assets

Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]

Equity method investment, related identifiable intangible assets

$ 485,000

Estimated Life (Years)

3 years

Weekengo, Original Investment Agreement

Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]

Payments to acquire equity method investments

$ 2,100,000

WeekenGO | Equity Method Investee

Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]

Purchases from related party

384,000

$ 1,200,000

Discontinued Operations, Disposed of by Sale | Travelzoo Japan

Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]

Term

3 years

3 years

Interest free loan amount

$ 430,000

¥ 46,000,000

Travelzoo Japan

Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]

Percentage of ownership before transaction (up to)

100.00%

100.00%

Proceeds from divestiture of businesses | ¥

¥ 1

Available-for-sale, realized Loss

$ 128,000

Travelzoo Japan | Royalty Agreement Terms

Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]

Term

5 years

5 years

Travelzoo Japan | Loan Issued To Travelzoo Japan

Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]

Term

3 years

3 years

Travelzoo Singapore

Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]

Percentage of ownership before transaction (up to)

100.00%

Trivago | Weekengo

Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]

Proceeds from sale of equity investment in WeGo

$ 2,900,000

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Schedule of Reconciliation of Cash, Cash Equivalents and Restricted Cash (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Cash and cash equivalents	$ 63,061	$ 18,743
Restricted cash	1,178	1,135
Cash, cash equivalents and restricted cash–discontinued operations	146	832
Total cash, cash equivalents and restricted cash in the condensed consolidated statements of cash flows	$ 64,385	$ 20,710	$ 19,461

Net Income (Loss) Per Share (De

Net Income (Loss) Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2020	Dec. 31, 2019
Numerator:
Net income (loss) attributable to Travelzoo—continuing operations	$ 173	$ (1,121)	$ (5,395)	$ (3,690)	$ 1,720	$ 2,564	$ 3,058	$ 4,945	$ (10,033)	$ 12,287
Net income (loss) attributable to Travelzoo—discontinued operations	$ 554	$ (230)	$ (795)	$ (2,919)	$ (2,319)	$ (2,258)	$ (1,730)	$ (1,825)	$ (3,390)	$ (8,132)
Denominator:
Weighted average common shares—basic (in shares)									11,344	11,809
Effect of dilutive securities: stock options (in shares)									0	226
Weighted average common shares—diluted (in shares)									11,344	12,035
Income (loss) per share—basic
Continuing operations (in dollars per share)	$ 0.02	$ (0.10)	$ (0.48)	$ (0.32)	$ 0.15	$ 0.22	$ 0.25	$ 0.41	$ (0.88)	$ 1.04
Discontinued operations (in dollars per share)	0.05	(0.02)	(0.07)	(0.26)	(0.20)	(0.19)	(0.14)	(0.15)	(0.30)	(0.69)
Net income (loss) per share, basic (in dollars per share)	0.06	(0.12)	(0.55)	(0.58)	(0.05)	0.03	0.11	0.26	(1.18)	0.35
Income (loss) per share—diluted
Continuing operations (in dollars per share)	0.01	(0.10)	(0.48)	(0.32)	0.15	0.21	0.25	0.41	(0.88)	1.02
Discontinuing operations (in dollars per share)	0.04	(0.02)	(0.07)	(0.26)	(0.20)	(0.19)	(0.14)	(0.15)	(0.30)	(0.69)
Net income (loss) per share, diluted (in dollars per share)	$ 0.06	$ (0.12)	$ (0.55)	$ (0.58)	$ (0.05)	$ 0.03	$ 0.11	$ 0.26	$ (1.18)	$ 0.35
Antidilutive securities excluded from computation of earnings per share (in shares)									3,300	200

Acquisition - Narrative (Detail

Acquisition - Narrative (Details) $ in Thousands	Jun. 03, 2020USD ($)$ / shares	Jan. 13, 2020USD ($)	Dec. 31, 2020USD ($)	Jun. 30, 2020USD ($)	Mar. 31, 2020USD ($)	Dec. 31, 2020USD ($)
Business Acquisition [Line Items]
Goodwill impairments					$ 2,100
Amortization expense						$ 1,276
Interest expense			$ 25
Jack's Flight Club | Promissory Notes
Business Acquisition [Line Items]
Outstanding debt amount	$ 10,000
Amount of debt forgiven	1,500			$ 1,500
Repayments of debt	6,800
Debt amount remaining	$ 1,700
Interest rate during period	12.00%
Interest expense						142
Threshold amount	$ 4,300
EBITDA multiplier | $ / shares	3.5
Jack's Flight Club | Promissory Notes | 2020
Business Acquisition [Line Items]
Repayments of debt						$ 448
Percent of net profit requirement			20.00%			20.00%
Jack's Flight Club | Promissory Notes | 2021
Business Acquisition [Line Items]
Percent of net profit requirement	20.00%
Percent of EBITDA purchase price requirement	40.00%
Jack's Flight Club
Business Acquisition [Line Items]
Percentage of ownership before transaction (up to)		100.00%
Stock repurchased during period, value		$ 12,000
Cash paid		1,000
Promissory note including interest		$ 11,000
Stated interest rate		1.60%
Goodwill impairments						$ 2,110
Intangible assets		$ 6,600
Jack's Flight Club | Trade name
Business Acquisition [Line Items]
Impaired indefinite lived intangible assets					$ 810	$ 810
Intangible assets		$ 2,460
Jack's Flight Club | Stock Purchase Agreement
Business Acquisition [Line Items]
Percentage of ownership after transaction		60.00%				40.00%

Acquisition - Schedule of Purch

Acquisition - Schedule of Purchase Price Allocation (Details) - USD ($) $ in Thousands	Jan. 13, 2020	Dec. 31, 2020	Dec. 31, 2019
Allocation
Goodwill		$ 10,944	$ 0
Non-controlling interest	$ (5,572)
Jack's Flight Club
Purchase Price
Cash paid	1,000
Promissory notes issued	10,931
Fair Value of Put/Call Option	183
Total purchase price	12,114
Allocation
Goodwill	13,054	$ 10,944	$ 0
Intangible assets	6,600
Current assets acquired, including cash of $321	324
Current liabilities assumed	(40)
Deferred revenue	(881)
Deferred tax liabilities	(1,391)
Net allocation	12,114
Cash and equivalents	321
Jack's Flight Club | Customer relationships
Allocation
Intangible assets	3,500
Jack's Flight Club | Trade name
Allocation
Intangible assets	2,460
Jack's Flight Club | Non-compete agreements
Allocation
Intangible assets	$ 660

Acquisition - Schedule of Goodw

Acquisition - Schedule of Goodwill (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2020	Dec. 31, 2020
Goodwill [Roll Forward]
Goodwill, beginning balance	$ 0	$ 0
Impairment—March 31, 2020	(2,100)
Goodwill, ending balance		10,944
Jack's Flight Club
Goodwill [Roll Forward]
Goodwill, beginning balance	$ 0	0
Acquisition		13,054
Impairment—March 31, 2020		(2,110)
Goodwill, ending balance		$ 10,944

Acquisition - Schedule of Intan

Acquisition - Schedule of Intangible assets (Details) - USD ($) $ in Thousands	Jan. 13, 2020	Dec. 31, 2020
Intangible Assets, Excluding Goodwill [Roll Forward]
Intangible assets beginning		$ 0
Acquisition		6,620
Impairment of trade name—March 31, 2020		(810)
Amortization of intangible assets with definite lives		(1,276)
Intangible assets ending		$ 4,534
Jack's Flight Club
Business Acquisition [Line Items]
Fair Value	$ 6,600
Jack's Flight Club | Customer relationships
Business Acquisition [Line Items]
Fair Value	$ 3,500
Estimated Life (Years)	5 years
Jack's Flight Club | Trade name
Business Acquisition [Line Items]
Fair Value	$ 2,460
Jack's Flight Club | Non-compete agreements
Business Acquisition [Line Items]
Fair Value	$ 660
Estimated Life (Years)	4 years

Acquisition - Schedule of Expec

Acquisition - Schedule of Expected Future Amortization Expense (Details) - Jack's Flight Club $ in Thousands	Dec. 31, 2020USD ($)
Business Acquisition [Line Items]
2021	$ 1,108
2022	875
2023	641
2024	250
Thereafter	10
Finite-Lived Intangible Assets, Net	$ 2,884

Acquisition - Schedule of Pro F

Acquisition - Schedule of Pro Forma Financial Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Business Combinations [Abstract]
Revenues	$ 53,722	$ 108,220
Net income (loss)	$ (14,545)	$ 4,536

Debt (Details)

Debt (Details) - USD ($)	Jun. 03, 2020	May 05, 2020	Apr. 24, 2020	Jan. 13, 2020	Dec. 31, 2020	Jun. 30, 2020	Dec. 31, 2020
Debt Instrument, Redemption [Line Items]
Interest expense					$ 25,000
Face amount		$ 814,000			$ 2,800,000		$ 2,800,000
Small Business Administration (SBA), CARES Act, Paycheck Protection Program
Debt Instrument, Redemption [Line Items]
Stated interest rate		1.00%
Proceeds from issuance of unsecured debt		$ 535,000	$ 3,100,000
Term		2 years
Jack's Flight Club | Promissory Notes
Debt Instrument, Redemption [Line Items]
Amount of debt forgiven	$ 1,500,000					$ 1,500,000
Repayments of debt	6,800,000
Debt amount remaining	$ 1,700,000
Interest rate during period	12.00%
Interest expense							$ 142,000
Jack's Flight Club
Debt Instrument, Redemption [Line Items]
Promissory note including interest				$ 11,000,000
Stated interest rate				1.60%

Balance Sheet Components - Prep

Balance Sheet Components - Prepaid Expenses and Other Current Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Prepaid Expense and Other Assets, Current [Abstract]
Prepaid expenses	$ 1,073	$ 2,221
Deposits	137	105
Other current assets	93	67
Total prepaid expenses and other	$ 1,303	$ 2,393

Balance Sheet Components - Prop

Balance Sheet Components - Property and Equipment (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 19,374	$ 20,721
Less accumulated depreciation and amortization	(18,027)	(17,860)
Property, plant and equipment, net	1,347	2,861
Depreciation expense	884	1,100
Capitalized computer software, amortization	106	157
Computer hardware and software
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	2,787	2,759
Office equipment and office furniture
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	8,071	7,827
Capitalized internal-use software and website development
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	4,390	4,390
Leasehold improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 4,126	$ 5,745

Balance Sheet Components - Allo

Balance Sheet Components - Allowance for Doubtful Accounts and Reserve for Subscriber Refunds (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Allowance for doubtful accounts
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at the beginning of the year	$ 1,106	$ 673
Additions — charged to costs and expenses, or contra revenue	1,983	608
Deductions — recoveries of amounts previously reserved	(134)	(146)
Deductions — write-offs or refunds	(141)	(29)
Balance at end of year	2,814	1,106
Reserve for member refunds
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at the beginning of the year	288	379
Additions — charged to costs and expenses, or contra revenue	4,847	1,009
Deductions — recoveries of amounts previously reserved	0	0
Deductions — write-offs or refunds	(1,050)	(1,100)
Balance at end of year	$ 4,085	$ 288

Balance Sheet Components - Acco

Balance Sheet Components - Accounts Payable and Accrued Expenses (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Accrued Liabilities Current [Abstract]
Reserve for member refunds	$ 4,085	$ 288
Accrued advertising expense	469	1,654
Accrued compensation expense	2,144	2,477
Other accrued expenses	1,951	1,862
Total accrued expenses and other	$ 8,649	$ 6,281

Commitments and Contingencies (

Commitments and Contingencies (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2004	Dec. 31, 2002
Loss Contingencies
Operating leases, rent expense	$ 4,200	$ 4,900
Sublease income	345	$ 347
Purchase obligation	$ 46
Minimum
Loss Contingencies
Remaining lease term	1 year
Maximum
Loss Contingencies
Remaining lease term	10 years
Travel Zoo Com Corporation
Loss Contingencies
Period for receiving shares under merger (in years)			2 years	2 years
Number of shares exchanged under merger				1

Income Taxes - Income Before Ta

Income Taxes - Income Before Tax Expense by Jurisdiction (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Income Tax Disclosure [Abstract]
U.S.	$ (11,865)	$ 11,553
Foreign	(1,753)	5,446
Income (loss) from continuing operations before income taxes	$ (13,618)	$ 16,999

Income Taxes - Schedule of Inco

Income Taxes - Schedule of Income Tax Expense (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2020	Dec. 31, 2019
Current
Federal									$ 2,006	$ 2,399
State									360	516
Foreign									(32)	1,539
Total									2,334	4,454
Deferred
Federal									(3,775)	257
State									(646)	47
Foreign									(351)	(46)
Total									(4,772)	258
Total
Federal									(1,769)	2,656
State									(286)	563
Foreign									(383)	1,493
Total income tax expense (benefit)	$ (368)	$ (244)	$ (1,309)	$ (517)	$ 1,116	$ 860	$ 1,066	$ 1,670	$ (2,438)	$ 4,712

Income Taxes - Reconciliation o

Income Taxes - Reconciliation of Tax Expense to Effective Tax Rate (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2020	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Federal tax at statutory rates									$ (2,860)	$ 3,570
State taxes, net of federal income tax benefit									(248)	453
Change of valuation allowance									349	0
Uncertain tax positions									624	61
Foreign income taxed at different rates									(770)	41
Foreign tax credit									(595)	0
Foreign equity investment									12	172
Non-deductible expenses and other									1,050	415
Total income tax expense (benefit)	$ (368)	$ (244)	$ (1,309)	$ (517)	$ 1,116	$ 860	$ 1,066	$ 1,670	$ (2,438)	$ 4,712

Income Taxes - Deferred Tax Ass

Income Taxes - Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Deferred tax assets:
Net operating loss and credit carryforward	$ 10,506	$ 11,634
Operating lease liabilities	3,337	2,632
State income taxes	70	100
Accruals and allowances	1,374	327
Stock-based compensation	1,651	643
Unrealized foreign exchange losses	176	900
Deferred revenue	87	0
Capital loss carryforward	410	0
Total deferred tax assets	17,611	16,236
Valuation allowance	(10,145)	(11,634)
Total deferred tax assets net of valuation allowance	7,466	4,602
Deferred tax liabilities:
Deferred revenue	0	(72)
Operating lease right-of-use assets	(1,908)	(2,423)
Property, equipment and intangible assets	(848)	(56)
Total deferred tax liabilities	(2,756)	(2,551)
Net deferred tax assets	$ 4,710	$ 2,051

Income Taxes - Changes in the D

Income Taxes - Changes in the Deferred Tax Assets Valuation Allowance (Details) - Valuation Allowance of Deferred Tax Assets - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at the beginning of the year	$ 11,634	$ 9,723
Charged (Credited) to expenses	(2,123)	2,032
Charged (Credited) to other account	634	(121)
Balance at end of year	$ 10,145	$ 11,634

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2020	Dec. 31, 2018
Operating Loss Carryforwards [Line Items]
Unrecognized deferred tax liability	$ 524
Total unrecognized tax benefits	178	$ 774	$ 239
Unrecognized tax benefits affecting the company's effective income tax rate		748
Unrecognized tax benefits, interest on income taxes accrued		235
Foreign Tax Authority
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards, valuation allowance		10,100
Operating loss carryforwards		43,800
Increase in valuation allowance	$ 1,500
Operating loss carryforward, indefinite		30,600
Operating loss carryforward, expiring		$ 13,200

Income Taxes - Rollforward of U

Income Taxes - Rollforward of Unrecognized Tax Benefits (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Unrecognized tax benefits, beginning	$ 178	$ 239
Increase related to current year tax positions	596	7
Settlements	0	(68)
Unrecognized tax benefits, ending	$ 774	$ 178

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Accumulated Other Comprehensive Income [Roll Forward]
Beginning balance	$ 10,863,000	$ 14,059,000
Amounts reclassified from other comprehensive income (loss), net of tax	(599,000)	0
Ending balance	1,891,000	10,863,000
Accumulated other comprehensive income (loss)	599,000	0
AOCI
Accumulated Other Comprehensive Income [Roll Forward]
Beginning balance	(3,452,000)	(4,214,000)
Ending balance	(4,059,000)	(3,452,000)
Foregin Currency Translation
Accumulated Other Comprehensive Income [Roll Forward]
Other comprehensive income (loss) due to foreign currency translation, net of tax	$ (8,000)	$ 762,000

Employee Benefit Plan (Details)

Employee Benefit Plan (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Retirement Benefits [Abstract]
Maximum annual contribution by employee, percent of eligible earnings (up to)	80.00%
Employer matching contribution per employee, amount (up to)	$ 1,500
Cliff vest occurs (in years)	1 year
Employer discretionary contribution amount	$ 986,000	$ 1,100,000

Stock-Based Compensation and _3

Stock-Based Compensation and Stock Options - Narrative (Details) $ / shares in Units, $ in Thousands	May 29, 2020$ / sharesshares	Sep. 30, 2019$ / sharesshares	May 31, 2019installment$ / sharesshares	Jun. 30, 2018$ / sharesshares	May 31, 2018$ / sharesshares	Oct. 31, 2017$ / sharesshares	Sep. 30, 2015$ / sharesshares	Dec. 31, 2020USD ($)$ / sharesshares	Dec. 31, 2019USD ($)$ / sharesshares	Dec. 31, 2015shares
Share-based Compensation Arrangement by Share-based Payment Award
Options granted (in shares)								2,850,000	100,000
Exercise price of employee option shares of common stock (in dollars per share) | $ / shares								$ 3.49	$ 19.28
Options exercised (in shares)								75,000	300,000
Options forfeited (in shares)								200,000	100,000
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award
Unrecognized stock-based compensation expense | $								$ 5,400
Unrecognized compensation expense, period for recognition (in years)								1 year 8 months 12 days
Options forfeited (in shares)								12,500
Allocated share-based compensation expense | $									$ 993
Stock Options | General and Administrative Expense
Share-based Compensation Arrangement by Share-based Payment Award
Allocated share-based compensation expense | $								$ 6,200
Stock Options | Selling and Marketing Expense
Share-based Compensation Arrangement by Share-based Payment Award
Allocated share-based compensation expense | $									$ 89
Stock Options | May 2020 Plan
Share-based Compensation Arrangement by Share-based Payment Award
Options granted (in shares)								100,000
Shares issued (in shares)	300,000
Stock Options | September 2019 Plan
Share-based Compensation Arrangement by Share-based Payment Award
Options granted (in shares)		300,000
Exercise price of employee option shares of common stock (in dollars per share) | $ / shares		$ 10.79
Options vest and become exercisable annually (in shares)		75,000
Unrecognized stock-based compensation expense | $								$ 1,300
Unrecognized compensation expense, period for recognition (in years)								2 years 8 months 12 days
Stock Options | May 2018 Plan
Share-based Compensation Arrangement by Share-based Payment Award
Options granted (in shares)					50,000
Exercise price of employee option shares of common stock (in dollars per share) | $ / shares					$ 14.70
Options forfeited (in shares)								25,000
Stock Options | June 2018 Plan
Share-based Compensation Arrangement by Share-based Payment Award
Options granted (in shares)				50,000
Exercise price of employee option shares of common stock (in dollars per share) | $ / shares				$ 16.65
Options forfeited (in shares)								37,500
Stock Options | May 2019 Plan
Share-based Compensation Arrangement by Share-based Payment Award
Options granted (in shares)			100,000
Exercise price of employee option shares of common stock (in dollars per share) | $ / shares			$ 19.28
Vesting installments | installment			3
Options canceled (in shares)								25,000
Options forfeited (in shares)								75,000
Mr. Ralph Bartel | Stock Options | September 2015 Plan
Share-based Compensation Arrangement by Share-based Payment Award
Options granted (in shares)							400,000
Exercise price of employee option shares of common stock (in dollars per share) | $ / shares							$ 8.07
Mr. Ralph Bartel | Stock Options | October 2017 Plan
Share-based Compensation Arrangement by Share-based Payment Award
Options granted (in shares)						400,000				150,000
Exercise price of employee option shares of common stock (in dollars per share) | $ / shares						$ 6.95
Options exercised (in shares)									250,000
Mr. Ralph Bartel | Stock Options | May 2020 Plan
Share-based Compensation Arrangement by Share-based Payment Award
Options granted (in shares)	800,000								1,900,000
Exercise price of employee option shares of common stock (in dollars per share) | $ / shares	$ 3.49
Unrecognized stock-based compensation expense | $								$ 1,900
Unrecognized compensation expense, period for recognition (in years)								1 year 3 months 18 days
Mr. Ralph Bartel | Stock Options | September 2019 Plan
Share-based Compensation Arrangement by Share-based Payment Award
Exercise price of employee option shares of common stock (in dollars per share) | $ / shares		$ 10.79
Options vest and become exercisable annually (in shares)		400,000
Unrecognized stock-based compensation expense | $								$ 1,500
Unrecognized compensation expense, period for recognition (in years)								1 year
Key Employees | Stock Options | May 2020 Plan
Share-based Compensation Arrangement by Share-based Payment Award
Options granted (in shares)	200,000
Unrecognized stock-based compensation expense | $								$ 648
Unrecognized compensation expense, period for recognition (in years)								3 years 3 months 18 days
Key Employees | Stock Options | September 2019 Plan
Share-based Compensation Arrangement by Share-based Payment Award
Options granted (in shares)		50,000
May 2019 | Stock Options | May 2019 Plan
Share-based Compensation Arrangement by Share-based Payment Award
Options vested (in shares)			10,000
September 2019 | Stock Options | May 2019 Plan
Share-based Compensation Arrangement by Share-based Payment Award
Options vested and exercisable in future periods (in shares)			15,000

Stock-Based Compensation and _4

Stock-Based Compensation and Stock Options - Stock Option Valuation Weighted Average Assumptions (Details) - Stock Options - $ / shares	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Employee Options 2016
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions and Methodology [Abstract]
Weighted-average fair value of options granted (in dollars per share)	$ 3.86
Historical volatility	78.00%
Risk-free interest rate	0.19%
Dividend yield	0.00%
Expected life in years	2 years 10 months 24 days
Employee Options 2015
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions and Methodology [Abstract]
Weighted-average fair value of options granted (in dollars per share)		$ 8.78
Historical volatility		60.00%
Risk-free interest rate		2.10%
Dividend yield		0.00%
Expected life in years		3 years 7 months 6 days

Stock-Based Compensation and _5

Stock-Based Compensation and Stock Options - Stock Option Activity (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Shares
Options outstanding, beginning (in shares)	750,000	1,050,000
Options granted (in shares)	2,850,000	100,000
Options exercised (in shares)	(75,000)	(300,000)
Options forfeited and canceled (in shares)	(200,000)	(100,000)
Options outstanding, ending (in shares)	3,325,000	750,000	1,050,000
Weighted-Average Exercise Price
Options outstanding, weighted average exercise price, beginning (in dollars per share)	$ 10.35	$ 9.50
Options granted, weighted average exercise price (in dollars per share)	3.49	19.28
Options exercised, weighted average exercise price (in dollars per share)	3.49	7.22
Options forfeited and canceled, weighted average exercise price (in dollars per share)	17.48	19.74
Options outstanding, weighted average exercise price, ending (in dollars per share)	$ 3.49	$ 10.35	$ 9.50
Exercisable and fully vested (in shares)	2,250,000
Exercisable and fully vested, weighted average exercise price (in dollars per share)	$ 3.49
Options outstanding weighted-average remaining contractual life	4 years 4 months 20 days	6 years 3 days	7 years 6 months 10 days
Options exercisable weighted-average remaining contractual life	4 years 6 months 21 days
Vested and expected to vest, outstanding, aggregate intrinsic value	$ 19,784
Vested and expected to vest, exercisable, aggregate intrinsic value	$ 13,388
Outstanding and expected to vest thereafter (in shares)	1,075,000
Outstanding and expected to vest thereafter, weighted average exercise price (in dollars per share)	$ 3.49
Outstanding and expected to vest, weighted average remaining contractual life	4 years 18 days
Outstanding and expected to vest, aggregate intrinsic value	$ 6,396

Stock-Based Compensation and _6

Stock-Based Compensation and Stock Options - Outstanding Options (Details) - $ / shares	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Share-based Compensation Arrangement by Share-based Payment Award
Exercise price of employee option shares of common stock (in dollars per share)	$ 3.49	$ 19.28
Shares outstanding (in shares)	3,325,000	750,000	1,050,000
Options Outstanding Weighted-Average Remaining Contractual Life	4 years 4 months 20 days	6 years 3 days	7 years 6 months 10 days
Options Exercisable Weighted-Average Remaining Contractual Life	4 years 6 months 21 days
Exercise Price 1
Share-based Compensation Arrangement by Share-based Payment Award
Exercise price of employee option shares of common stock (in dollars per share)	$ 3.49
Shares outstanding (in shares)	3,325,000
Options Outstanding Weighted-Average Remaining Contractual Life	4 years 4 months 20 days
Weighted- average exercise price (in dollars per share)	$ 3.49
Shares outstanding and exercisable (in shares)	2,250,000
Options Exercisable Weighted-Average Remaining Contractual Life	4 years 6 months 21 days

Stock Repurchase Program (Detai

Stock Repurchase Program (Details) - USD ($) $ in Millions	Nov. 09, 2019	Feb. 28, 2019	Dec. 31, 2020	Dec. 31, 2019	May 31, 2019	Feb. 13, 2019
February 2019 Plan
Class of Stock
Stock repurchased during period (in shares)		100,000
Stock repurchased during period, value		$ 1.6
Stock repurchased program authorized number of shares (in shares)						100,000
Repurchase May 2019 Plan
Class of Stock
Stock repurchased during period, value			$ 1.2	$ 7.2
Stock repurchased program authorized number of shares (in shares)					1,000,000
Stock repurchased during period (in shares)			168,602	436,369
Remaining number of shares authorized to be repurchased (in shares)			395,029
November 2019 Plan
Class of Stock
Stock repurchased during period (in shares)	200,000
Stock repurchased during period, value	$ 2

Segment Reporting and Signifi_3

Segment Reporting and Significant Customer Information - Narrative (Details) - segment	Jan. 13, 2020	Dec. 31, 2020
Segment Reporting Information [Line Items]
Number of reportable segments		3
Jack's Flight Club | Stock Purchase Agreement
Segment Reporting Information [Line Items]
Percentage of ownership after transaction	60.00%	40.00%

Segment Reporting and Signifi_4

Segment Reporting and Significant Customer Information - Operating Results from Continuing Operations and Assets by Business Segment (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2020	Dec. 31, 2019
Summary of operating results from continuing operations and assets by business segment
Revenues	$ 12,483	$ 13,787	$ 7,004	$ 20,327	$ 25,326	$ 23,833	$ 26,606	$ 29,160	$ 53,601	$ 104,925
Operating income (loss)	$ (897)	$ (1,203)	$ (6,633)	$ (5,340)	$ 2,926	$ 3,392	$ 4,153	$ 6,570	(14,073)	17,041
Intersegment revenues
Summary of operating results from continuing operations and assets by business segment
Revenues									(8)	(86)
Operating income (loss)									(8)	(86)
Travelzoo North America
Summary of operating results from continuing operations and assets by business segment
Revenues									34,912	68,027
Operating income (loss)									(5,056)	12,666
Travelzoo North America | Operating Segments
Summary of operating results from continuing operations and assets by business segment
Revenues									34,663	65,455
Travelzoo North America | Intersegment revenues
Summary of operating results from continuing operations and assets by business segment
Revenues									249	2,572
Travelzoo Europe
Summary of operating results from continuing operations and assets by business segment
Revenues									15,152	36,898
Operating income (loss)									(6,195)	4,461
Travelzoo Europe | Operating Segments
Summary of operating results from continuing operations and assets by business segment
Revenues									15,409	39,556
Travelzoo Europe | Intersegment revenues
Summary of operating results from continuing operations and assets by business segment
Revenues									(257)	(2,658)
Jack's Flight Club
Summary of operating results from continuing operations and assets by business segment
Revenues									3,537	0
Operating income (loss)									(2,814)	0
Jack's Flight Club | Operating Segments
Summary of operating results from continuing operations and assets by business segment
Revenues									3,537	0
Jack's Flight Club | Intersegment revenues
Summary of operating results from continuing operations and assets by business segment
Revenues									$ 0	$ 0

Segment Reporting and Signifi_5

Segment Reporting and Significant Customer Information - Assets by Segment (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Revenue for each segment recognized based on customer location
Long-lived assets	$ 1,347	$ 2,861
Total assets	102,170	50,577
Intersegment revenues
Revenue for each segment recognized based on customer location
Long-lived assets	0	0
Total assets	(67,515)	(90,830)
Travelzoo North America | Operating Segments
Revenue for each segment recognized based on customer location
Long-lived assets	1,123	2,598
Total assets	138,020	66,803
Travelzoo Europe | Operating Segments
Revenue for each segment recognized based on customer location
Long-lived assets	224	263
Total assets	31,659	$ 74,604
Jack's Flight Club | Operating Segments
Revenue for each segment recognized based on customer location
Long-lived assets	0
Total assets	$ 6

Segment Reporting and Signifi_6

Segment Reporting and Significant Customer Information - Revenue by Type and Segment (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2020	Dec. 31, 2019
Breakdown of revenues by type and segment
Revenues	$ 12,483	$ 13,787	$ 7,004	$ 20,327	$ 25,326	$ 23,833	$ 26,606	$ 29,160	$ 53,601	$ 104,925
Travel
Breakdown of revenues by type and segment
Revenues									45,868	89,947
Local
Breakdown of revenues by type and segment
Revenues									4,196	14,978
Travelzoo North America
Breakdown of revenues by type and segment
Revenues									34,912	68,027
Travelzoo North America | Travel
Breakdown of revenues by type and segment
Revenues									32,042	57,866
Travelzoo North America | Local
Breakdown of revenues by type and segment
Revenues									2,870	10,161
Travelzoo Europe
Breakdown of revenues by type and segment
Revenues									15,152	36,898
Travelzoo Europe | Travel
Breakdown of revenues by type and segment
Revenues									13,826	32,081
Travelzoo Europe | Local
Breakdown of revenues by type and segment
Revenues									1,326	4,817
Jack's Flight Club
Breakdown of revenues by type and segment
Revenues									$ 3,537	$ 0

Segment Reporting and Signifi_7

Segment Reporting and Significant Customer Information - Revenue for Individual Countries that Exceed 10% of Total Revenue (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2020	Dec. 31, 2019
Revenue, Major Customer [Line Items]
Revenues	$ 12,483	$ 13,787	$ 7,004	$ 20,327	$ 25,326	$ 23,833	$ 26,606	$ 29,160	$ 53,601	$ 104,925
United States
Revenue, Major Customer [Line Items]
Revenues									31,854	61,375
United Kingdom
Revenue, Major Customer [Line Items]
Revenues									12,832	19,961
Germany
Revenue, Major Customer [Line Items]
Revenues									4,853	12,176
Rest of the world
Revenue, Major Customer [Line Items]
Revenues									$ 4,062	$ 11,413

Segment Reporting and Signifi_8

Segment Reporting and Significant Customer Information - Long Lives Assets by Geographic Area (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	$ 1,347	$ 2,861
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	912	2,359
Rest of the world
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	$ 435	$ 502

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($)

Oct. 22, 2020

May 29, 2020

Nov. 09, 2019

Sep. 30, 2019

Feb. 28, 2019

Oct. 31, 2017

Sep. 30, 2015

Dec. 31, 2020

Dec. 31, 2019

Dec. 31, 2018

Dec. 31, 2015

Oct. 21, 2020

Feb. 13, 2019

Related Party Transactions

Employee options granted to purchase shares of common stock (in shares)

2,850,000

100,000

Options granted, weighted average exercise price (in dollars per share)

$ 3.49

$ 19.28

Proceeds from exercise of stock options, net of share settlement (in shares)

75,000

300,000

Share price (in dollars per share)

$ 7.80

Significant Shareholder | Azzuro

Related Party Transactions

Number of shares sold (in shares)

50,000

Azzurro Capital, Inc.

Related Party Transactions

Percent of outstanding shares

40.00%

February 2019 Plan

Related Party Transactions

Stock repurchased program authorized number of shares (in shares)

100,000

Aggregate purchase price

$ 1,600,000

Stock repurchase program discount on purchase price

5.00%

Stock repurchased during period (in shares)

100,000

Stock repurchased during period, value

$ 1,600,000

November 2019 Plan

Related Party Transactions

Stock repurchase program discount on purchase price

4.40%

Stock repurchased during period (in shares)

200,000

Stock repurchased during period, value

$ 2,000,000

WeekenGO | Equity Method Investee

Related Party Transactions

Future expected revenue

$ 2,100,000

Purchases from related party

$ 384,000

$ 1,200,000

Weekengo

Related Party Transactions

Remaining amount

$ 200,000

Stock Options | Employee Options 2015 | Mr. Ralph Bartel

Related Party Transactions

Employee options granted to purchase shares of common stock (in shares)

400,000

Options granted, weighted average exercise price (in dollars per share)

$ 8.07

Stock Options | October 2017 Plan | Mr. Ralph Bartel

Related Party Transactions

Employee options granted to purchase shares of common stock (in shares)

400,000

150,000

Options granted, weighted average exercise price (in dollars per share)

$ 6.95

Proceeds from exercise of stock options, net of share settlement (in shares)

250,000

Stock Options | September 2019 Plan

Related Party Transactions

Employee options granted to purchase shares of common stock (in shares)

300,000

Options granted, weighted average exercise price (in dollars per share)

$ 10.79

Options vest and become exercisable annually (in shares)

75,000

Stock Options | September 2019 Plan | Mr. Ralph Bartel

Related Party Transactions

Options granted, weighted average exercise price (in dollars per share)

$ 10.79

Options vest and become exercisable annually (in shares)

400,000

Stock Options | May 2020 Plan

Related Party Transactions

Employee options granted to purchase shares of common stock (in shares)

100,000

Stock Options | May 2020 Plan | Mr. Ralph Bartel

Related Party Transactions

Employee options granted to purchase shares of common stock (in shares)

800,000

1,900,000

Options granted, weighted average exercise price (in dollars per share)

$ 3.49

Leases - Narrative (Details)

Leases - Narrative (Details)	Dec. 31, 2020
Minimum
Lessee, Lease, Description [Line Items]
Term of contract	1 year
Maximum
Lessee, Lease, Description [Line Items]
Term of contract	10 years

Leases - Lease Cost (Details)

Leases - Lease Cost (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Leases [Abstract]
Operating lease cost	$ 4,435	$ 4,078
Short-term lease cost	26	663
Variable lease cost	1,060	1,197
Sublease income	(336)	(336)
Total lease cost	5,185	5,602
Cash paid for amounts included in the measurement of lease liabilities	4,701	5,620
Right-of-use assets obtained in exchange for lease obligations—operating leases	$ 3,207	$ 4,066

Leases - Lease Balance Sheet In

Leases - Lease Balance Sheet Information (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Assets:
Operating lease right-of-use assets	$ 8,541	$ 8,140
Liabilities:
Operating lease liabilities	3,587	4,847
Long-term operating lease liabilities	10,774	7,920
Total operating lease liabilities	$ 14,361	$ 12,767
Weighted average remaining lease term (years)	7 years 3 months 10 days	3 years 5 months 4 days
Weighted average discount rate	3.60%	4.50%

Leases - Schedule of Operating

Leases - Schedule of Operating Lease Liability Maturity (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Leases [Abstract]
2021	$ 3,622
2022	2,278
2023	1,879
2024	1,426
2025	1,350
Thereafter	5,625
Total lease payments	16,180
Less interest	(1,819)
Present value of operating lease liabilities	$ 14,361	$ 12,767

Discontinued Operations - Summa

Discontinued Operations - Summary of Amounts Included in Discontinued Operations (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2020	Dec. 31, 2019
Operating expenses:
Net loss	$ 554	$ (230)	$ (795)	$ (2,919)	$ (2,319)	$ (2,258)	$ (1,730)	$ (1,825)	$ (3,390)	$ (8,132)
Discontinued Operations, Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Revenues									970	6,482
Cost of revenues									6	453
Gross profit									964	6,029
Operating expenses:
Sales and marketing									1,712	9,008
Product development									0	175
General and administrative									2,836	4,427
Total operating expenses									4,548	13,610
Loss from operations									(3,584)	(7,581)
Other income (loss), net									194	(474)
Loss before income taxes									(3,390)	(8,055)
Income tax expense									0	82
Net loss									$ (3,390)	$ (8,137)

Discontinued Operations - Narra

Discontinued Operations - Narrative (Details) $ in Thousands, ¥ in Millions

Aug. 24, 2020

Jun. 16, 2020USD ($)

Jun. 16, 2020JPY (¥)

Dec. 31, 2020USD ($)

Sep. 30, 2020USD ($)

Jun. 30, 2020USD ($)

Mar. 31, 2020USD ($)

Dec. 31, 2019USD ($)

Sep. 30, 2019USD ($)

Jun. 30, 2019USD ($)

Mar. 31, 2019USD ($)

Dec. 31, 2020USD ($)

Dec. 31, 2019USD ($)

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Severance and disposal costs

$ 1,600

Total operating expenses

$ 10,585

$ 12,066

$ 11,496

$ 22,964

$ 19,354

$ 17,589

$ 19,781

$ 19,725

$ 57,111

$ 76,449

Disposal Group, Not Discontinued Operations

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Cost of revenue

64

135

Total operating expenses

$ 7

$ 204

Discontinued Operations, Disposed of by Sale | Travelzoo Japan

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Ownership percentage sold

100.00%

100.00%

Gain (loss) on disposition of business

$ 128

Duration of royalty payments

5 years

5 years

Interest free loan amount

$ 430

¥ 46

Term

3 years

3 years

Discontinued Operations, Disposed of by Sale | Travelzoo Singapore

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Ownership percentage sold

100.00%

Discontinued Operations - Sum_2

Discontinued Operations - Summary of Assets and Liabilities From Discontinued Operation (Details) - Discontinued Operations, Disposed of by Sale - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
ASSETS
Cash, cash equivalents and restricted cash	$ 146	$ 832
Accounts receivable, net	69	1,797
Deposits	0	9
Prepaid expenses and other	15	208
Deposits and other	0	248
Operating lease right-of-use assets	0	746
Property and equipment, net	0	121
Total assets from discontinued operations	230	3,961
LIABILITIES
Accounts payable	611	1,057
Accrued expenses and other	48	1,188
Deferred revenue	12	118
Operating lease right-of-use liabilities	0	772
Total liabilities from discontinued operations	$ 671	$ 3,135

Discontinued Operations - Sum_3

Discontinued Operations - Summary of Cash Flows (Details) - Discontinued Operations, Disposed of by Sale - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net cash used in operating activities	$ (1,974)	$ (7,499)
Net cash used in investing activities	$ 0	$ (65)

Noncontrolling Interest (Detail

Noncontrolling Interest (Details) - USD ($) $ in Thousands	3 Months Ended				12 Months Ended
	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2020	Dec. 31, 2019
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Non-controlling interest—January 1, 2020				$ 0	$ 0
Acquisition					5,756
Net loss attributable to non-controlling interest	$ (25)	$ 125	$ (108)	$ (1,139)	(1,147)	$ 0
Non-controlling interest—December 31, 2020	$ 4,609				$ 4,609	$ 0
Jack's Flight Club
Noncontrolling Interest [Line Items]
Percentage of equity interest	60.00%				60.00%

Unaudited Quarterly Informati_3

Unaudited Quarterly Information (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2020	Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]
Revenues	$ 12,483	$ 13,787	$ 7,004	$ 20,327	$ 25,326	$ 23,833	$ 26,606	$ 29,160	$ 53,601	$ 104,925
Cost of revenues	2,795	2,924	2,141	2,703	3,046	2,852	2,672	2,865	10,563	11,435
Gross profit	9,688	10,863	4,863	17,624	22,280	20,981	23,934	26,295	43,038	93,490
Operating expenses:
Sales and marketing	6,305	6,929	4,288	13,094	12,737	11,967	13,104	13,534	30,616	51,342
Product development	495	592	566	1,428	1,853	1,434	1,763	1,659	3,081	6,709
General and administrative	3,785	4,545	6,642	5,522	4,764	4,188	4,914	4,532	20,494	18,398
Impairment of intangible asset and goodwill	0	0	0	2,920					2,920	0
Total operating expenses	10,585	12,066	11,496	22,964	19,354	17,589	19,781	19,725	57,111	76,449
Operating income (loss)	(897)	(1,203)	(6,633)	(5,340)	2,926	3,392	4,153	6,570	(14,073)	17,041
Other income (loss), net	677	(37)	(179)	(6)	(90)	32	(29)	45	455	(42)
Income (loss) from continuing operations before income taxes	(220)	(1,240)	(6,812)	(5,346)	2,836	3,424	4,124	6,615	(13,618)	16,999
Income tax benefit	(368)	(244)	(1,309)	(517)	1,116	860	1,066	1,670	(2,438)	4,712
Income (loss) from continuing operations	148	(996)	(5,503)	(4,829)	1,720	2,564	3,058	4,945	(11,180)	12,287
Loss from discontinued operations, net of tax	554	(230)	(795)	(2,919)	(2,319)	(2,258)	(1,730)	(1,825)	(3,390)	(8,132)
Net income (loss)	702	(1,226)	(6,298)	(7,748)	(599)	306	1,328	3,120	(14,570)	4,155
Net loss attributable to non-controlling interest	(25)	125	(108)	(1,139)					(1,147)	0
Net income (loss) attributable to Travelzoo	727	(1,351)	(6,190)	(6,609)					(13,423)	4,155
Net income (loss) attributable to Travelzoo—continuing operations	173	(1,121)	(5,395)	(3,690)	1,720	2,564	3,058	4,945	(10,033)	12,287
Net loss attributable to Travelzoo—discontinued operations	$ 554	$ (230)	$ (795)	$ (2,919)	$ (2,319)	$ (2,258)	$ (1,730)	$ (1,825)	$ (3,390)	$ (8,132)
Income (loss) per share—basic
Continuing operations (in dollars per share)	$ 0.02	$ (0.10)	$ (0.48)	$ (0.32)	$ 0.15	$ 0.22	$ 0.25	$ 0.41	$ (0.88)	$ 1.04
Discontinued operations (in dollars per share)	0.05	(0.02)	(0.07)	(0.26)	(0.20)	(0.19)	(0.14)	(0.15)	(0.30)	(0.69)
Net income (loss) per share, basic (in dollars per share)	0.06	(0.12)	(0.55)	(0.58)	(0.05)	0.03	0.11	0.26	(1.18)	0.35
Income (loss) per share—diluted
Continuing operations (in dollars per share)	0.01	(0.10)	(0.48)	(0.32)	0.15	0.21	0.25	0.41	(0.88)	1.02
Discontinuing operations (in dollars per share)	0.04	(0.02)	(0.07)	(0.26)	(0.20)	(0.19)	(0.14)	(0.15)	(0.30)	(0.69)
Net income (loss) per share, diluted (in dollars per share)	$ 0.06	$ (0.12)	$ (0.55)	$ (0.58)	$ (0.05)	$ 0.03	$ 0.11	$ 0.26	$ (1.18)	$ 0.35

Subsequent Events (Details)

Subsequent Events (Details) $ / shares in Units, $ in Thousands, subscriber in Millions	Mar. 27, 2021USD ($)$ / sharesshares	Mar. 12, 2021USD ($)subscriber	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)
Subsequent Event [Line Items]
Repurchase of common stock			$ 1,205	$ 10,816
Subsequent Event
Subsequent Event [Line Items]
Stock repurchased during period (in shares) | shares	100,000
Repurchased stock (in dollars per share) | $ / shares	$ 15.83
Volume weighted average price	10 days
Discount	5.00%
Repurchase of common stock	$ 1,600
Subsequent Event | Azzurro Brands
Subsequent Event [Line Items]
Number of subscribers | subscriber		2.2
License fee		$ 413
Initial payment		$ 894
License agreement term		1 year
Termination term		60 days