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Equity (Tables)

3 Months Ended

Mar. 31, 2017

Summary of changes in the components of equity

	Three Months Ended March 31, 2017
	Attributable to Genie			Noncontrolling Interests			Total
	(in thousands)

Balance, December 31, 2016	$	96,534		$	(16,669	)	$	79,865
Dividends on preferred stock		(370	)		—			(370	)
Dividends on common stock ($0.075 per share)		(1,850	)		—			(1,850	)
Restricted Class B common stock purchased from employees		(23	)		—			(23	)
Purchase of equity of subsidiary		(655	)		377			(278	)
Stock-based compensation		822			—			822
Comprehensive income:
Net income (restated see Note 2)		4,582			(443	)		4,139
Foreign currency translation adjustments		700			(258	)		442
Comprehensive income (restated see Note 2)		5,282			(701	)		4,581
Balance, March 31, 2017 (restated see Note 2)	$	99,740		$	(16,993	)	$	82,747

Schedule of net loss related to CCE and aggregate net funding

	Three Months Ended March 31,
	2017			2016
	(in thousands)

Net loss	$	(197	)	$	(571	)
Aggregate funding repaid to (provided by) the Company, net	$	71		$	(371	)

Summarized combined balance sheet amounts related to CCE

	March 31, 2017			December 31, 2016
	(in thousands)
Assets
Cash and cash equivalents	$	168		$	150
Restricted cash		14			17
Trade accounts receivable		1,047			1,008
Prepaid expenses		377			450
Other current assets		8			26
Other assets		440			439
Total assets	$	2,054		$	2,090
Liabilities and noncontrolling interests
Current liabilities	$	939		$	707
Due to IDT Energy		1,227			1,298
Noncontrolling interests		(112	)		85
Total liabilities and noncontrolling interests	$	2,054		$	2,090

- 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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