Travelzoo 2012 Annual Report Download - page 116
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Note 4: Other Balance Sheet Items
The details of prepaid expenses and other current assets as of December 31, 2012 and 2011 were as follows (in thousands):
The details of changes to the allowance for doubtful accounts and reserve for subscriber refunds are as follows (in thousands):
Local Deals and Getaway merchant payable included in accounts payable was $23.4 million and $16.0 million , as of December 31, 2012
and 2011 , respectively.
The details of accrued expenses as of December 31, 2012 and 2011 were as follows (in thousands):
58
December 31,
2012
2011
Prepaid expenses
$
1,741
$
1,642
Other current assets
519
481
Total prepaid expenses and other current assets
$
2,260
$
2,123
Allowance
for doubtful
accounts
Reserve for
subscriber
refunds
Balance at December 31, 2009
$
501
$
—
Additions — charged to costs and expenses, or contra revenue, net
139
70
Deductions — recoveries of amounts previously charged-off
60
—
Deductions — write-offs
(314
)
—
Balance at December 31, 2010
386
70
Additions — charged to costs and expenses, or contra revenue, net
173
1,931
Deductions — recoveries of amounts previously charged-off
(123
)
—
Deductions — write-offs
(36
)
(1,108
)
Balance at December 31, 2011
400
893
Additions — charged to costs and expenses, or contra revenue, net
304
1,269
Deductions — recoveries of amounts previously charged-off —
—
Deductions — write-offs
(206
)
(1,172
)
Balance at December 31, 2012
$
498
$
990
December 31,
2012
2011
Accrued advertising expense
$
2,059
$
1,148
Accrued compensation expense
3,879
2,923
Unexchanged promotional merger shares
3,000
—
Accrued payments to merchants
101
244
Other accrued expenses
2,038
1,103
Reserve for subscriber refunds
916
893
Total accrued expenses
$
11,993
$
6,311