XML 32 R21.htm IDEA: XBRL DOCUMENT v3.8.0.1

Restatement of Unaudited Consolidated Financial Statements and Additional Disclosure (Tables)

3 Months Ended

Mar. 31, 2017

Restatement of Unaudited Consolidated Financial Statements / Revised Unaudited Consolidated Financial Statements [Abstract]

Schedule of impact of restatement on consolidated financial statements

		Three Months Ended March 31, 2017
		Previously Reported				Error Correction				Restated
		(in thousands, except per share data)
Consolidated Statement of Operations:
Electricity revenues		$	52,474			$	492			$	52,966
Natural gas revenues		$	16,467			$	1,473			$	17,940
Cost of revenues		$	45,819			$	737			$	46,556
Gross profit		$	23,621			$	1,228			$	24,849
Provision for income taxes		$	733			$	123			$	856
Net income		$	3,034			$	1,105			$	4,139
Net income attributable to Genie Energy, Ltd		$	3,477			$	1,105			$	4,582
Comprehensive income		$	3,476			$	1,105			$	4,581
Comprehensive income attributable to Genie Energy, Ltd		$	4,177			$	1,105			$	5,282
Earnings per share attributable to Genie Energy, Ltd. common stockholders:
Basic		$	0.13			$	0.05			$	0.18
Diluted		$	0.13			$	0.05			$	0.18

		March 31, 2017
		Previously Reported				Error Correction				Restated
		(in thousands)
Consolidated Balance Sheet:
Trade accounts receivable, net		$	33,385			$	1,817			$	35,202
Prepaid expenses		$	4,577			$	(589	)		$	3,988
Total assets		$	123,165			$	1,228			$	124,393
Income taxes payable		$	3,176			$	123			$	3,299
Total liabilities		$	41,523			$	123			$	41,646
Accumulated deficit		$	(50,310	)		$	1,105			$	(49,205	)
Total liabilities and equity		$	123,165			$	1,228			$	124,393

X

- References

No definition available.

+ Details

Name:	us-gaap_AccountingChangesAndErrorCorrectionsAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of prior period adjustments to previously issued financial statements including (1) the effect of the correction on each financial statement line item and any per-share amounts affected for each prior period presented (2) the cumulative effect of the change on retained earnings or other appropriate components of equity or net assets in the statement of financial position, as of the beginning of the earliest period presented, and (3) the effect of the prior period adjustments (both gross and net of applicable income tax) on the net income of each prior period presented in the entity's annual report for the year in which the adjustments are made.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=64853466&loc=d3e22663-107794

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=64853466&loc=d3e22644-107794

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=64853466&loc=d3e22658-107794

+ Details

Name:	us-gaap_ScheduleOfErrorCorrectionsAndPriorPeriodAdjustmentsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration