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Derivative Instruments (Tables)

6 Months Ended

Jun. 30, 2014

Derivative Instruments [Abstract]

Summarized volume of IDT Energy's outstanding future contracts

Commodity		Settlement Dates		Volume
Electricity		July 2014		17,600 MWh
Electricity		August 2014		235,200 MWh
Electricity		October 2014		36,800 MWh
Electricity		November 2014		30,400 MWh
Electricity		December 2014		35,200 MWh
Natural gas		August 2014		1,632,500 Dth
Natural gas		September 2014		800,000 Dth
Natural gas		January 2015		155,000 Dth
Natural gas		July 2015		882,500 Dth
Natural gas		January 2016		155,000 Dth
Natural gas		July 2016		155,000 Dth

Schedule of fair value of outstanding derivative instruments recorded as assets and liabilities

The fair value of outstanding derivative instruments recorded as assets in the accompanying consolidated balance sheets were as follows:

Asset Derivatives		Balance Sheet Location		June 30, 2014				December 31, 2013
				(in thousands)
Derivatives not designated or not qualifying as hedging instruments:
Energy contracts and options		Other current assets		$	857			$	1,682

The fair value of outstanding derivative instruments recorded as liabilities in the accompanying consolidated balance sheets were as follows:

Liability Derivatives		Balance Sheet Location		June 30, 2014				December 31, 2013
				(in thousands)
Derivatives not designated or not qualifying as hedging instruments:
Energy contracts and options		Other current liabilities		$	391			$	385

Effects of derivative instruments on the consolidated statements of operations

				Amount of Gain (Loss) Recognized on Derivatives
Derivatives not designated or not		Location of Gain (Loss)		Three Months Ended June 30,								Six Months Ended June 30,
qualifying as hedging instruments		Recognized on Derivatives		2014				2013				2014				2013
				(in thousands)
Energy contracts and options		Direct cost of revenues		$	(65	)		$	75			$	(100	)		$	32

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- Definition

Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 815

-SubTopic 10

-Section 50

-Paragraph 4A

-Subparagraph (b)

-URI http://asc.fasb.org/extlink&oid=35706170&loc=SL5618551-113959



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 815

-SubTopic 10

-Section 50

-Paragraph 4C

-URI http://asc.fasb.org/extlink&oid=35706170&loc=SL5624171-113959

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- Definition

Tabular disclosure of the notional amounts of outstanding derivative positions.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 815

-SubTopic 10

-Section 50

-Paragraph 1A

-Subparagraph (d)

-URI http://asc.fasb.org/extlink&oid=35706170&loc=SL5579245-113959

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- Definition

Tabular disclosure for other derivative instruments not designated as hedging instruments of (a) the location and amount of gains and losses reported in the statement of financial performance and (b) the location and fair value amounts of the instruments reported in the statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 815

-SubTopic 10

-Section 50

-Paragraph 4C

-Subparagraph (e)

-URI http://asc.fasb.org/extlink&oid=35706170&loc=SL5624171-113959

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