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Business Segment Information | 12 Months Ended
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Dec. 31, 2015
Business Segment Information [Abstract] |
Business Segment Information | Note 16—Business Segment Information The Company owns 99.3% of its subsidiary, GEIC, which owns 100% of GRE and 92% of GOGAS. The Company has three reportable business segments: GRE, GOGAS and Afek. GRE operates REPs, including IDT Energy and Residents Energy, and energy brokerage and marketing services. Its REP businesses resell electricity and natural gas to residential and small business customers primarily in the Eastern United States. GOGAS is an oil and gas exploration company. The GOGAS segment is comprised of early stage oil shale projects including (1) an 88.4% interest in Genie Mongolia, an oil shale exploration project in Central Mongolia, (2) a 98.3% interest in AMSO, which holds and manages a 41.3% interest in AMSO, LLC, an oil shale development project in Colorado, and (3) an 86.1% interest in IEI, an oil shale development project in Israel. The Company has an 86.5% interest in Afek, which operates an oil and gas exploration project in the Golan Heights in Northern Israel. GRE has outstanding deferred stock units granted to officers and employees that represent an interest of 3.9% of the equity of GRE. 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. Afek was included in the GOGAS segment from its inception until December 31, 2014. Beginning in the first quarter of 2015, Afek is a separate reportable segment. Comparative results have been reclassified and restated as if Afek was a separate segment in all periods presented. 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) |  | GRE |  | Afek |  | GOGAS |  | Corporate |  | Total
Year ended December 31, 2015 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues |  | $ | 210,109 |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 210,109 |
Income (loss) from operations |  |  | 13,542 |  |  | (7,458 | ) |  |  | (3,058 | ) |  |  | (8,908 | ) |  |  | (5,882 | )
Depreciation |  |  | 245 |  |  | 104 |  |  |  | 78 |  |  |  | 1 |  |  |  | 428 |
Research and development |  |  | — |  |  | 63 |  |  |  | 1,922 |  |  |  | — |  |  |  | 1,985 |
Exploration |  |  | — |  |  | 6,583 |  |  |  | — |  |  |  | — |  |  |  | 6,583 |
Equity in the net loss of AMSO, LLC |  |  | — |  |  | — |  |  |  | 397 |  |  |  | — |  |  |  | 397 |
Year ended December 31, 2014 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues |  | $ | 275,031 |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 275,031 |
Income (loss) from operations |  |  | 3,516 |  |  | (7,294 | ) |  |  | (6,479 | ) |  |  | (15,353 | ) |  |  | (25,610 | )
Depreciation |  |  | 24 |  |  | 8 |  |  |  | 99 |  |  |  | 1 |  |  |  | 132 |
Research and development |  |  | — |  |  | 144 |  |  |  | 5,394 |  |  |  | — |  |  |  | 5,538 |
Exploration |  |  | — |  |  | 6,971 |  |  |  | — |  |  |  | — |  |  |  | 6,971 |
Goodwill impairment |  |  | 3,562 |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 3,562 |
Equity in the net loss of AMSO, LLC |  |  | — |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Year ended December 31, 2013 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues |  | $ | 279,174 |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 279,174 |
Income (loss) from operations |  |  | 25,696 |  |  | (4,255 |  |  | (11,700 | ) |  |  | (9,115 | ) |  |  | 626 |
Depreciation |  |  | 15 |  |  | 2 |  |  | 92 |  |  |  | 1 |  |  |  | 110 |
Research and development |  |  | — |  |  | 186 |  |  |  | 7,171 |  |  |  | — |  |  |  | 7,357 |
Exploration |  |  | — |  |  | 4,032 |  |  |  | — |  |  |  | — |  |  |  | 4,032 |
Equity in the net loss of AMSO, LLC |  |  | — |  |  | — |  |  |  | 3,194 |  |  |  | — |  |  |  | 3,194 |
There were no revenues from customers located outside of the United States in all periods presented. Total assets for the business segments of the Company were as follows:
(in thousands) |  | GRE |  | Afek |  | GOGAS |  | Corporate |  | Total
Total assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
December 31, 2015 |  | $ | 80,177 |  | $ | 38,665 |  | $ | 17,770 |  | $ | 19,203 |  | $ | 155,815
December 31, 2014 |  |  | 78,254 |  |  | 6,243 |  | 48,899 |  |  | 19,532 |  |  | 152,928
December 31, 2013 |  |  | 76,691 |  |  | 5,597 |  |  | 36,596 |  |  | 39,959 |  |  | 158,843
Net long-lived assets and total assets held outside of the United States, which are located primarily in Israel, were as follows: 114,880
(in thousands) |  | United States |  | Foreign Countries |  | Total
December 31, 2015 |  |  |  |  |  |  |  |  |
Long-lived assets, net |  | $ | 763 |  | $ | 646 |  | $ | 1,409
Total assets |  |  |  |  | 40,935 |  |  | 155,815
December 31, 2014 |  |  |  |  |  |  |  |  |
Long-lived assets, net |  | $ | 834 |  | $ | 1,230 |  | $ | 2,064
Total assets |  |  | 143,897 |  |  | 9,031 |  |  | 152,928
December 31, 2013 |  |  |  |  |  |  |  |  |
Long-lived assets, net |  | $ | 352 |  | $ | 377 |  | $ | 729
Total assets |  |  | 150,315 |  |  | 8,528 |  |  | 158,843

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8981-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9038-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8971-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8595-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8984-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9031-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8538-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8864-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8924-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8906-108599 + Details
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