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Business Segment Information
6 Months Ended
Jun. 30, 2014
Business Segment Information [Abstract]  
Business Segment Information
Note 8—Business Segment Information
 
The Company owns 99.3% of its subsidiary, GEIC, which owns 100% of IDT Energy and 92% of GOGAS. IDT Energy has outstanding deferred stock units granted to directors and employees that represent an interest of 1.4% of the equity of IDT Energy. The Company has two reportable business segments: IDT Energy, a REP supplying electricity and natural gas to residential and small business customers in the Northeastern United States, and Genie Oil and Gas, which is pioneering technologies to produce clean and affordable transportation fuels from the world's abundant oil shales and other fuel resources. The Genie Oil and Gas segment consists of (1) a 44.9% interest in AMSO, LLC, the Company’s oil shale project in Colorado, (2) an 87.9% interest in IEI, the Company’s oil shale project in Israel, (3) an 88.5% interest in Afek, the Company’s conventional oil and gas exploration project in the southern portion of the Golan Heights, and (4) an 89.9% interest in Genie Mongolia, the Company’s oil shale exploration project in Central Mongolia. Corporate costs include unallocated compensation, consulting fees, legal fees, business development expenses and other corporate-related general and administrative expenses. Corporate does not generate any revenues, nor does it incur any direct cost of revenues.
 
The Company’s reportable segments are distinguished by types of service, customers and methods used to provide their services. The operating results of these business segments are regularly reviewed by the Company’s chief operating decision maker.
 
The accounting policies of the segments are the same as the accounting policies of the Company as a whole. The Company evaluates the performance of its business segments based primarily on income (loss) from operations. There are no significant asymmetrical allocations to segments.

Operating results for the business segments of the Company were as follows:
 
(in thousands)
 
IDT
Energy
  
Genie Oil and Gas
  
Corporate
  
Total
 
Three Months Ended June 30, 2014
            
Revenues
 $48,810  $  $  $48,810 
Income (loss) from operations
  940   (2,769)  (2,515)  (4,344)
Research and development
     2,369      2,369 
Equity in the net loss of AMSO, LLC
            
                 
Three Months Ended June 30, 2013
                
Revenues
 $55,134  $  $  $55,134 
Income (loss) from operations
  520   (3,888)  (2,201)  (5,569)
Research and development
     2,592      2,592 
Equity in the net loss of AMSO, LLC
     806      806 
                 
Six Months Ended June 30, 2014
                
Revenues
 $179,158  $  $  $179,158 
Income (loss) from operations
  31   (5,206)  (5,662)  (10,837)
Research and development
     4,469      4,469 
Equity in the net loss of AMSO, LLC
            
                 
Six Months Ended June 30, 2013
                
Revenues
 $140,465  $  $  $140,465 
Income (loss) from operations
  9,375   (7,808)  (4,504)  (2,937)
Research and development
     5,081      5,081 
Equity in the net loss of AMSO, LLC
     1,935      1,935 
 
Total assets for the business segments of the Company were as follows:
 
(in thousands)
 
IDT
Energy
  
Genie Oil and Gas
  
Corporate
  
Total
 
Total assets:
            
June 30, 2014
 $67,678  $39,752  $27,283  $134,713 
                 
December 31, 2013
 $76,691  $42,193  $39,959  $158,843