Travelzoo 2005 Annual Report Download - page 69

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TRAVELZOO INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS Ì (Continued)
services, geographic areas, and major customers. The method for determining what information to report is
based on the way that management organizes the operating segments within a company for making
operational decisions and assessing performance. The Company has two operating segments: North America
and Europe. North America consists of the Company's U.S. operations. Europe consists of the Company's
U.K. operations. The Company began operations in the U.K. in May 2005. As of and for the year ended
December 31, 2005, assets and revenues in Europe were not material, being less than 5% of consolidated
revenues and assets of the Company.
SigniÑcant customer information is as follows:
Percent of
Percentage of Accounts
Total Revenue Receivable
Year Ended December 31, December 31,
Customer 2005 2004 2003 2005 2004
A ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 15% 12% * 13% 19%
BÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ * * 10% * 13%
C ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ * * 11% * 11%
All of the above customers are located in the United States of America.
* Less than 10%
For the year ended December 31, 2005, 99% of sales were made in the United States of America. All
sales during the years ended December 31, 2004 and 2003 were made in the U.S. As of December 31, 2005,
99% of all tangible assets were located in the U.S. All tangible assets as of December 31, 2004 were located in
the U.S.
48