v3.26.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
OPERATING ACTIVITIES      
Net income (loss) $ 23,715 $ 35,216 $ 52,983
Net income (loss) from discontinued operations, net of tax (4,164) (2,907) 6,409
Net income from continuing operations 27,879 38,123 46,574
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 1,005 884 463
Deferred income taxes 3,314 (1,203) 1,380
Provision for credit losses 2,011 2,359 2,362
Stock-based compensation 2,535 2,392 2,829
Inventory valuation allowance 1,254 417 1,148
Asset, Impairment Loss 1,642 185 0
Unrealized (gain) loss on marketable equity securities and investments and others (1,598) (766) (23)
Charitable donation of Class B common stock 0 0 1,006
Change in assets and liabilities, net of effect of acquisition:      
Trade accounts receivable 10,215 2,214 9,137
Inventory (3,004) (917) 8,714
Prepaid expenses 1,329 (5,326) 6,089
Other current assets and other assets 399 1,784 (448)
Trade accounts payable, accrued expenses and other current liabilities 16,968 3,100 22,986
Due to IDT Corporation (23) (10) (20)
Income taxes payable (1,987) 12,535 (4,275)
Net cash provided by operating activities of continuing operations 44,061 60,261 50,938
Net cash provided by operating activities of discontinued operations 2,274 10,481 11,540
Net cash provided by operating activities 46,335 70,742 62,478
INVESTING ACTIVITIES      
Purchase of marketable equity securities and other investments (6,167) (6,142) (11,019)
Purchase and improvement of investment property, net of noncontrolling interest portion paid by Howard Jonas (1,890) (1,237) 0
Proceeds from sale of marketable equity securities and other investments 1,204 582 10,042
Purchase of equity of subsidiary (319) (1,200) 0
Net cash used in investing activities of continuing operations (15,346) (16,037) (10,005)
Net cash provided by investing activities of discontinued operations 0 0 23,645
Net cash (used in) provided by investing activities (15,346) (16,037) 13,640
FINANCING ACTIVITIES      
Dividends paid (8,023) (8,210) (8,874)
Payment of term loan (333) 0 0
Proceeds from term loan, net 0 7,285 0
Proceeds from exercise of warrants 0 0 5,001
Redemption of preferred stock 0 0 (8,359)
Net cash used in financing activities of continuing operations (19,144) (15,750) (15,150)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (51) 7 (67)
Net increase in cash, cash equivalents and restricted cash 11,794 38,962 60,901
Cash, cash equivalents and restricted cash (excluding discontinued operations) at beginning of year 200,644 162,996 104,578
Cash, cash equivalents and restricted cash (including discontinued operations) at end of year 212,438 201,958 165,479
Less: Cash of discontinued operations at end of year (986) (1,314) (2,483)
Cash and cash equivalents and restricted cash (excluding discontinued operations) at end of year 211,452 200,644 162,996
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION      
Cash payments made for interest 578 98 93
Cash payments made for income taxes 6,995 4,415 20,445
Class B Common Stock Repurchases [Member]      
FINANCING ACTIVITIES      
Repurchases of Class B common stock (8,663) (10,443) (37)
Class B Common Stock From Vested Restricted Stock [Member]      
FINANCING ACTIVITIES      
Repurchases of Class B common stock (2,125) (2,168) (1,571)
Class B Common Stock from Exercise of Stock Options [Member]      
FINANCING ACTIVITIES      
Repurchases of Class B common stock 0 (1,446) (1,310)
Class B Common Stock Repurchases from Genie Foundation [Member]      
FINANCING ACTIVITIES      
Repurchases of Class B common stock 0 (768) 0
Other Capital Expenditures [Member]      
INVESTING ACTIVITIES      
Capital expenditures (8,174) (6,696) (1,363)
Solar System Facilities [Member]      
INVESTING ACTIVITIES      
Capital expenditures $ 0 $ (1,344) $ (7,665)