Equity (Tables)

9 Months Ended

Sep. 30, 2013

Equity and Accumulated Other Comprehensive Income [Abstract]

Summary of changes in the components of equity

	Nine Months Ended September 30, 2013
	Attributable to Genie			Noncontrolling Interests			Total
	(in thousands)
Balance, December 31, 2012	$	122,490		$	(4,393	)	$	118,097
Accrued dividends on preferred stock		(615	)		—			(615	)
Restricted Class B common stock purchased from employees for tax withholdings		(270	)		—			(270	)
Exercise of stock options		53			—			53
Issuance of Genie Class B common stock to holders of deferred stock units of subsidiary		1,837			(1,837	)		—
Grants of equity of subsidiaries		357			(357	)		—
Stock-based compensation		2,931			—			2,931
Comprehensive (loss) income:
Net (loss) income		(5,420	)		1,197			(4,223	)
Other comprehensive income (loss)		349			(13	)		336
Comprehensive (loss) income		(5,071	)		1,184			(3,887	)
Balance, September 30, 2013	$	121,712		$	(5,403	)	$	116,309

Summary of Net income (loss) and aggregate net funding repaid to (provided by) the Company to variable interest entity

	Three Months Ended September 30,								Nine Months Ended September 30,
	2013				2012				2013				2012
	(in thousands)
Net income (loss):
CCE		$	697			$	1,895			$	2,360			$	2,828
DAD		$	—			$	(124	)		$	(35	)		$	(313	)
Tari		$	—			$	61			$	10			$	98
Aggregate funding (provided by) repaid to the Company, net		$	(601	)		$	(1,069	)		$	3,802			$	553

Summarized combined balance sheets of CCE, DAD and Tari

	September 30, 2013		December 31, 2012
	(in thousands)
Assets
Cash and cash equivalents	$	1,180	$	1,047
Restricted cash		56		39
Trade accounts receivable		2,230		4,168
Prepaid expenses		406		485
Other current assets		310		519
Property and equipment, net		—		38
Other assets		489		493
Total assets	$	4,671	$	6,789
Liabilities and members’ interests
Current liabilities	$	2,383	$	3,035
Due to IDT Energy		1,280		5,082
Noncontrolling interests		1,008		(1,328	)
Total liabilities and noncontrolling interests	$	4,671	$	6,789

- Definition

Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

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