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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Operating activities    
Net income $ 43,928 $ 70,080
Net income from discontinued operations, net of tax 5,923 25,929
Net income from continuing operations 38,005 44,151
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 286 288
Provision for doubtful accounts receivable 1,722 2,116
Inventory valuation allowance 829
Unrealized (gain) loss on marketable equity securities and investments and others (386) 833
Stock-based compensation 2,254 2,232
Change in assets and liabilities:    
Trade accounts receivable (7,271) (4,331)
Inventory (6,114) (797)
Prepaid expenses (3,753) (3,641)
Other current assets and other assets 2,637 (6,084)
Trade accounts payable, accrued expenses and other liabilities 10,963 2,570
Due to IDT Corporation, net (45) (398)
Income taxes payable (6,566) 8,009
Net cash provided by operating activities of continuing operations 32,561 44,948
Net cash provided by operating activities of discontinued operations 19,461 8,150
Net cash provided by operating activities 52,022 53,098
Investing activities    
Capital expenditures (878) (1,058)
Proceeds from the sale of marketable equity securities and other investments 10,023
Purchase of marketable equity securities and other investments (9,913) (1,300)
Investment in notes receivables with related party (1,505)
Repayment of notes receivable 19 19
Net cash used in investing activities of continuing operations (749) (3,844)
Net cash provided by (used in) investing activities of discontinued operations 2,578 (43,941)
Net cash provided by (used in) investing activities 1,829 (47,785)
Financing activities    
Dividends paid (6,818) (6,894)
Repurchases of Class B common stock from employees (2,338) (409)
Proceeds from the exercise of warrants 5,000
Repurchase of Class B common stock (4,414)
Redemption of preferred stock (8,359) (3,000)
Net cash used in financing activities (12,515) (14,717)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash 61 (15)
Net increase (decrease) in cash, cash equivalents, and restricted cash 41,397 (9,419)
Cash, cash equivalents, and restricted cash (including cash held at discontinued operations) at beginning of period 106,080 102,149
Cash, cash equivalents and restricted cash (including cash held at discontinued operations) at end of the period 147,477 92,730
Less: Cash held at of discontinued operations at end of period 4,074 5,470
Cash, cash equivalents, and restricted cash (excluding cash held at discontinued operations) at end of period $ 143,403 $ 87,260