Travelzoo 2015 Annual Report Download - page 117
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74
Year Ended December 31, 2013 Asia Pacific Europe North
America Other (a) Consolidated
Revenues from unaffiliated customers $ 12,399 $ 46,279 $ 111,955 $ — $ 170,633
Intersegment revenues (326)(240) 566 — —
Total net revenues $ 12,073 $ 46,039 $ 112,521 — $ 170,633
Operating income (loss) $(1,444) $ 7,836 $ 16,769 $ (22,000) $ 1,161
(a) Amount related to unexchanged promotional shares that include a $7.6 million release of reserve and a $22.0 million
charge for the years ended December 31, 2014, and 2013, respectively.
As of December 31, 2015 Asia Pacific Europe North
America Elimination Consolidated
Long-lived assets $ 369 $ 899 $ 6,652 $ — $ 7,920
Total assets $ 5,845 $ 54,452 $ 71,626 $ (63,344) $ 68,579
As of December 31, 2014 Asia Pacific Europe North
America Elimination Consolidated
Long-lived assets $ 491 $ 1,507 $ 7,678 $ — $ 9,676
Total assets $ 3,510 $ 40,818 $ 73,508 $ (24,529) $ 93,307
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, 2015, 2014 and 2013, the Company did not have any customers that accounted for
10% or more of revenue. As of December 31, 2015 and 2014, the Company had one customer that accounted for 15% and 10%,
respectively, of accounts receivable. Accounts receivable representing 10% or more of total accounts receivable was related to
an advertising technology company that assists us with our Search product traffic monetization by using an traffic auction
platform.