Travelzoo 2007 Annual Report Download - page 79

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(3) Other Balance Sheet Items
The details of changes to the allowance for doubtful accounts are as follows (in thousands):
Balance at December 31, 2004............................................... $127
Additions — charged to cost and expenses, net ................................. 317
Deductions — write-offs.................................................. (26)
Balance at December 31, 2005............................................... 418
Additions — charged to costs and expenses, net ................................ 308
Balance at December 31, 2006............................................... 726
Additions — charged to costs and expenses, net ................................ (48)
Deductions — write-offs.................................................. (388)
Balance at December 31, 2007............................................... $290
The details of prepaid expenses and other current assets as of December 31, 2007 and 2006 were as follows (in
thousands):
2007 2006
December 31,
Prepaid expenses .................................................. $ 978 $502
Income tax receivable .............................................. 999 —
Other current assets ................................................ 5 4
Total prepaid expenses and other current assets ........................... $1,982 $506
The details of accrued expenses as of December 31, 2007 and 2006 were as follows (in thousands):
2007 2006
December 31,
Accrued advertising expense ........................................ $2,011 $1,257
Accrued compensation expense ...................................... 1,159 456
Accrued professional services expense ................................ 541 215
Other accrued expenses ........................................... 897 221
Total accrued expenses ............................................ $4,608 $2,149
(4) Income Taxes
The components of income (loss) before income tax expense for the years ended December 31, 2007, 2006 and
2005 were as follows (in thousands):
2007 2006 2005
U.S. ............................................... $30,891 $33,196 $16,950
Foreign ............................................. (8,780) (2,191) (1,134)
$22,111 $31,005 $15,816
47
TRAVELZOO INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)