Travelzoo 2014 Annual Report Download - page 111

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76
As of December 31, 2013 North
America Europe Elimination Consolidated
Long-lived assets $ 6,572 $ 2,077 $ — $ 8,649
Total assets $ 96,278 $ 49,668 $ (31,144) $ 114,802
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, 2014, 2013 and 2012, the Company did not have any customers that accounted for
10% or more of revenue. As of December 31, 2014, the Company had one customer that accounted for 11% of accounts
receivable. As of December 31, 2013, 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, Website, Newsflash, Travelzoo Network), Getaway vouchers and hotel booking. Search
revenue includes SuperSearch and Fly.com. Local revenue includes Local Deals vouchers and entertainment offers (vouchers
and direct bookings).
Year Ended December 31,
2014 2013 2012
North America
Travel $ 59,160 $ 63,812 $ 56,636
Search 14,857 20,704 23,101
Local 21,166 27,439 29,050
Total North America revenues $ 95,183 $ 111,955 $ 108,787
Europe
Travel $ 37,339 $ 34,635 $ 29,844
Search 2,413 3,264 4,149
Local 7,141 8,380 8,388
Total Europe revenues $ 46,893 $ 46,279 $ 42,381
Consolidated
Travel $ 96,499 $ 98,447 $ 86,480
Search 17,270 23,968 27,250
Local 28,307 35,819 37,438
Total revenues $ 142,076 $ 158,234 $ 151,168
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 individual countries that exceed 10% of total revenue (in thousands):
Year Ended December 31,
2014 2013 2012
Revenue
United States $ 89,311 $ 104,650 $ 101,506
United Kingdom 29,301 31,270 30,122
Rest of the world 23,464 22,314 19,540
Total revenues $ 142,076 $ 158,234 $ 151,168