v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Operating activities    
Net income (loss) $ 13,953 $ 12,503
Net loss from discontinued operations, net of tax (8) (57)
Net income from continuing operations 13,961 12,560
Adjustments to reconcile net income to net cash provided by operating activities of continuing operations:    
Stock-based compensation 1,350 1,345
Provision for credit losses 1,258 856
Depreciation and amortization 704 470
Impairment of assets 0 35
Inventory valuation allowance 939 0
Unrealized gain on marketable equity securities and investments and other, net (3,913) (622)
Gain from sale of investment property (735) 0
Changes in assets and liabilities:    
Trade accounts receivable 12,878 (320)
Inventory (1,986) (4,682)
Prepaid expenses (4,764) (142)
Other current assets and other assets (1,244) (882)
Trade accounts payable, accrued expenses and other liabilities (12,323) 5,382
Due to IDT Corporation, net (13) (8)
Income taxes payable (16,031) 199
Net cash (used in) provided by operating activities of continuing operations (9,919) 14,191
Net cash (used in) provided by operating activities of discontinued operations (13) 2,274
Net cash (used in) provided by operating activities (9,932) 16,465
Investing activities    
Purchases of marketable equity securities and other investments, net of cash acquired (6,655) (3,667)
Improvements in investment property (49) (1,075)
Proceeds from sale of investment property, net 6,474 0
Proceeds from return of investments 4,289 1,173
Net cash used in investing activities 499 (7,251)
Financing activities    
Dividends paid (3,979) (4,036)
Repayment of debt (1,978) 0
Net cash used in financing activities (7,134) (9,117)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash 70 (64)
Net (decrease) increase in cash, cash equivalents, and restricted cash (16,497) 33
Cash, cash equivalents, and restricted cash (including cash held at discontinued operations) at beginning of period 212,438 201,958
Cash, cash equivalents and restricted cash (including cash held at discontinued operations) at end of the period 195,941 201,991
Less: Cash of discontinued operations at end of period 952 1,000
Cash, cash equivalents, and restricted cash (excluding cash held at discontinued operations) at end of period 194,989 200,991
Class B Common Stock Repurchases from Employees [Member]    
Financing activities    
Repurchases of Class B common stock (517) (462)
Class B Common Stock Repurchases [Member]    
Financing activities    
Repurchases of Class B common stock (660) (4,619)
Other Capital Expenditures [Member]    
Investing activities    
Capital expenditures $ (3,560) $ (3,682)