false
Q2
--07-31
0001005731
P1Y
P1Y
P0Y
P0Y
http://fasb.org/us-gaap/2023#OtherLiabilitiesCurrent
http://fasb.org/us-gaap/2023#OtherLiabilitiesCurrent
http://fasb.org/us-gaap/2023#OtherOperatingIncomeExpenseNet
http://fasb.org/us-gaap/2023#OtherOperatingIncomeExpenseNet
http://fasb.org/us-gaap/2023#OtherOperatingIncomeExpenseNet
http://fasb.org/us-gaap/2023#OtherOperatingIncomeExpenseNet
http://fasb.org/us-gaap/2023#OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
http://fasb.org/us-gaap/2023#OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
http://fasb.org/us-gaap/2023#OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
http://fasb.org/us-gaap/2023#OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
0001005731
2023-08-01
2024-01-31
0001005731
us-gaap:CommonClassAMember
2024-03-06
0001005731
us-gaap:CommonClassBMember
2024-03-06
0001005731
2024-01-31
0001005731
2023-07-31
0001005731
us-gaap:CommonClassAMember
2024-01-31
0001005731
us-gaap:CommonClassAMember
2023-07-31
0001005731
us-gaap:CommonClassBMember
2024-01-31
0001005731
us-gaap:CommonClassBMember
2023-07-31
0001005731
2023-11-01
2024-01-31
0001005731
2022-11-01
2023-01-31
0001005731
2022-08-01
2023-01-31
0001005731
us-gaap:CommonStockMember
us-gaap:CommonClassAMember
2023-10-31
0001005731
us-gaap:CommonStockMember
us-gaap:CommonClassBMember
2023-10-31
0001005731
us-gaap:AdditionalPaidInCapitalMember
2023-10-31
0001005731
us-gaap:TreasuryStockCommonMember
2023-10-31
0001005731
us-gaap:AccumulatedOtherComprehensiveIncomeMember
2023-10-31
0001005731
us-gaap:RetainedEarningsMember
2023-10-31
0001005731
us-gaap:NoncontrollingInterestMember
2023-10-31
0001005731
2023-10-31
0001005731
us-gaap:CommonStockMember
us-gaap:CommonClassAMember
2023-11-01
2024-01-31
0001005731
us-gaap:CommonStockMember
us-gaap:CommonClassBMember
2023-11-01
2024-01-31
0001005731
us-gaap:AdditionalPaidInCapitalMember
2023-11-01
2024-01-31
0001005731
us-gaap:TreasuryStockCommonMember
2023-11-01
2024-01-31
0001005731
us-gaap:AccumulatedOtherComprehensiveIncomeMember
2023-11-01
2024-01-31
0001005731
us-gaap:RetainedEarningsMember
2023-11-01
2024-01-31
0001005731
us-gaap:NoncontrollingInterestMember
2023-11-01
2024-01-31
0001005731
us-gaap:CommonStockMember
us-gaap:CommonClassAMember
2024-01-31
0001005731
us-gaap:CommonStockMember
us-gaap:CommonClassBMember
2024-01-31
0001005731
us-gaap:AdditionalPaidInCapitalMember
2024-01-31
0001005731
us-gaap:TreasuryStockCommonMember
2024-01-31
0001005731
us-gaap:AccumulatedOtherComprehensiveIncomeMember
2024-01-31
0001005731
us-gaap:RetainedEarningsMember
2024-01-31
0001005731
us-gaap:NoncontrollingInterestMember
2024-01-31
0001005731
us-gaap:CommonStockMember
us-gaap:CommonClassAMember
2023-07-31
0001005731
us-gaap:CommonStockMember
us-gaap:CommonClassBMember
2023-07-31
0001005731
us-gaap:AdditionalPaidInCapitalMember
2023-07-31
0001005731
us-gaap:TreasuryStockCommonMember
2023-07-31
0001005731
us-gaap:AccumulatedOtherComprehensiveIncomeMember
2023-07-31
0001005731
us-gaap:RetainedEarningsMember
2023-07-31
0001005731
us-gaap:NoncontrollingInterestMember
2023-07-31
0001005731
us-gaap:CommonStockMember
us-gaap:CommonClassAMember
2023-08-01
2024-01-31
0001005731
us-gaap:CommonStockMember
us-gaap:CommonClassBMember
2023-08-01
2024-01-31
0001005731
us-gaap:AdditionalPaidInCapitalMember
2023-08-01
2024-01-31
0001005731
us-gaap:TreasuryStockCommonMember
2023-08-01
2024-01-31
0001005731
us-gaap:AccumulatedOtherComprehensiveIncomeMember
2023-08-01
2024-01-31
0001005731
us-gaap:RetainedEarningsMember
2023-08-01
2024-01-31
0001005731
us-gaap:NoncontrollingInterestMember
2023-08-01
2024-01-31
0001005731
us-gaap:CommonStockMember
us-gaap:CommonClassAMember
2022-10-31
0001005731
us-gaap:CommonStockMember
us-gaap:CommonClassBMember
2022-10-31
0001005731
us-gaap:AdditionalPaidInCapitalMember
2022-10-31
0001005731
us-gaap:TreasuryStockCommonMember
2022-10-31
0001005731
us-gaap:AccumulatedOtherComprehensiveIncomeMember
2022-10-31
0001005731
us-gaap:RetainedEarningsMember
2022-10-31
0001005731
us-gaap:NoncontrollingInterestMember
2022-10-31
0001005731
2022-10-31
0001005731
us-gaap:CommonStockMember
us-gaap:CommonClassAMember
2022-11-01
2023-01-31
0001005731
us-gaap:CommonStockMember
us-gaap:CommonClassBMember
2022-11-01
2023-01-31
0001005731
us-gaap:AdditionalPaidInCapitalMember
2022-11-01
2023-01-31
0001005731
us-gaap:TreasuryStockCommonMember
2022-11-01
2023-01-31
0001005731
us-gaap:AccumulatedOtherComprehensiveIncomeMember
2022-11-01
2023-01-31
0001005731
us-gaap:RetainedEarningsMember
2022-11-01
2023-01-31
0001005731
us-gaap:NoncontrollingInterestMember
2022-11-01
2023-01-31
0001005731
us-gaap:CommonStockMember
us-gaap:CommonClassAMember
2023-01-31
0001005731
us-gaap:CommonStockMember
us-gaap:CommonClassBMember
2023-01-31
0001005731
us-gaap:AdditionalPaidInCapitalMember
2023-01-31
0001005731
us-gaap:TreasuryStockCommonMember
2023-01-31
0001005731
us-gaap:AccumulatedOtherComprehensiveIncomeMember
2023-01-31
0001005731
us-gaap:RetainedEarningsMember
2023-01-31
0001005731
us-gaap:NoncontrollingInterestMember
2023-01-31
0001005731
2023-01-31
0001005731
us-gaap:CommonStockMember
us-gaap:CommonClassAMember
2022-07-31
0001005731
us-gaap:CommonStockMember
us-gaap:CommonClassBMember
2022-07-31
0001005731
us-gaap:AdditionalPaidInCapitalMember
2022-07-31
0001005731
us-gaap:TreasuryStockCommonMember
2022-07-31
0001005731
us-gaap:AccumulatedOtherComprehensiveIncomeMember
2022-07-31
0001005731
us-gaap:RetainedEarningsMember
2022-07-31
0001005731
us-gaap:NoncontrollingInterestMember
2022-07-31
0001005731
2022-07-31
0001005731
us-gaap:CommonStockMember
us-gaap:CommonClassAMember
2022-08-01
2023-01-31
0001005731
us-gaap:CommonStockMember
us-gaap:CommonClassBMember
2022-08-01
2023-01-31
0001005731
us-gaap:AdditionalPaidInCapitalMember
2022-08-01
2023-01-31
0001005731
us-gaap:TreasuryStockCommonMember
2022-08-01
2023-01-31
0001005731
us-gaap:AccumulatedOtherComprehensiveIncomeMember
2022-08-01
2023-01-31
0001005731
us-gaap:RetainedEarningsMember
2022-08-01
2023-01-31
0001005731
us-gaap:NoncontrollingInterestMember
2022-08-01
2023-01-31
0001005731
IDT:NetTwophoneTwoZeroIncMember
2024-01-31
0001005731
IDT:NationalRetailSolutionsMember
2024-01-31
0001005731
IDT:NetTwophoneTwoZeroIncMember
2023-08-01
2024-01-31
0001005731
IDT:NationalRetailSolutionsMember
2023-08-01
2024-01-31
0001005731
srt:ScenarioPreviouslyReportedMember
IDT:DirectCostOfRevenuesMember
2022-11-01
2023-01-31
0001005731
srt:ScenarioPreviouslyReportedMember
us-gaap:SellingGeneralAndAdministrativeExpensesMember
2022-11-01
2023-01-31
0001005731
srt:ScenarioPreviouslyReportedMember
IDT:DirectCostOfRevenuesMember
2022-08-01
2023-01-31
0001005731
srt:ScenarioPreviouslyReportedMember
us-gaap:SellingGeneralAndAdministrativeExpensesMember
2022-08-01
2023-01-31
0001005731
srt:ScenarioPreviouslyReportedMember
2022-08-01
2023-01-31
0001005731
IDT:NationalRetailSolutionsMember
2023-11-01
2024-01-31
0001005731
IDT:FintechMember
2023-11-01
2024-01-31
0001005731
IDT:Net2phoneMember
2023-11-01
2024-01-31
0001005731
IDT:TraditionalCommunicationsMember
2023-11-01
2024-01-31
0001005731
us-gaap:CorporateMember
2023-11-01
2024-01-31
0001005731
IDT:DirectCostOfRevenuesMember
IDT:NationalRetailSolutionsMember
2023-11-01
2024-01-31
0001005731
IDT:DirectCostOfRevenuesMember
IDT:FintechMember
2023-11-01
2024-01-31
0001005731
IDT:DirectCostOfRevenuesMember
IDT:Net2phoneMember
2023-11-01
2024-01-31
0001005731
IDT:DirectCostOfRevenuesMember
IDT:TraditionalCommunicationsMember
2023-11-01
2024-01-31
0001005731
IDT:DirectCostOfRevenuesMember
us-gaap:CorporateMember
2023-11-01
2024-01-31
0001005731
IDT:DirectCostOfRevenuesMember
2023-11-01
2024-01-31
0001005731
us-gaap:SellingGeneralAndAdministrativeExpensesMember
IDT:NationalRetailSolutionsMember
2023-11-01
2024-01-31
0001005731
us-gaap:SellingGeneralAndAdministrativeExpensesMember
IDT:FintechMember
2023-11-01
2024-01-31
0001005731
us-gaap:SellingGeneralAndAdministrativeExpensesMember
IDT:Net2phoneMember
2023-11-01
2024-01-31
0001005731
us-gaap:SellingGeneralAndAdministrativeExpensesMember
IDT:TraditionalCommunicationsMember
2023-11-01
2024-01-31
0001005731
us-gaap:SellingGeneralAndAdministrativeExpensesMember
us-gaap:CorporateMember
2023-11-01
2024-01-31
0001005731
us-gaap:SellingGeneralAndAdministrativeExpensesMember
2023-11-01
2024-01-31
0001005731
IDT:NationalRetailSolutionsMember
2022-11-01
2023-01-31
0001005731
IDT:FintechMember
2022-11-01
2023-01-31
0001005731
IDT:Net2phoneMember
2022-11-01
2023-01-31
0001005731
IDT:TraditionalCommunicationsMember
2022-11-01
2023-01-31
0001005731
us-gaap:CorporateMember
2022-11-01
2023-01-31
0001005731
IDT:DirectCostOfRevenuesMember
IDT:NationalRetailSolutionsMember
2022-11-01
2023-01-31
0001005731
IDT:DirectCostOfRevenuesMember
IDT:FintechMember
2022-11-01
2023-01-31
0001005731
IDT:DirectCostOfRevenuesMember
IDT:Net2phoneMember
2022-11-01
2023-01-31
0001005731
IDT:DirectCostOfRevenuesMember
IDT:TraditionalCommunicationsMember
2022-11-01
2023-01-31
0001005731
IDT:DirectCostOfRevenuesMember
us-gaap:CorporateMember
2022-11-01
2023-01-31
0001005731
IDT:DirectCostOfRevenuesMember
2022-11-01
2023-01-31
0001005731
us-gaap:SellingGeneralAndAdministrativeExpensesMember
IDT:NationalRetailSolutionsMember
2022-11-01
2023-01-31
0001005731
us-gaap:SellingGeneralAndAdministrativeExpensesMember
IDT:FintechMember
2022-11-01
2023-01-31
0001005731
us-gaap:SellingGeneralAndAdministrativeExpensesMember
IDT:Net2phoneMember
2022-11-01
2023-01-31
0001005731
us-gaap:SellingGeneralAndAdministrativeExpensesMember
IDT:TraditionalCommunicationsMember
2022-11-01
2023-01-31
0001005731
us-gaap:SellingGeneralAndAdministrativeExpensesMember
us-gaap:CorporateMember
2022-11-01
2023-01-31
0001005731
us-gaap:SellingGeneralAndAdministrativeExpensesMember
2022-11-01
2023-01-31
0001005731
IDT:NationalRetailSolutionsMember
2023-08-01
2024-01-31
0001005731
IDT:FintechMember
2023-08-01
2024-01-31
0001005731
IDT:Net2phoneMember
2023-08-01
2024-01-31
0001005731
IDT:TraditionalCommunicationsMember
2023-08-01
2024-01-31
0001005731
us-gaap:CorporateMember
2023-08-01
2024-01-31
0001005731
IDT:DirectCostOfRevenuesMember
IDT:NationalRetailSolutionsMember
2023-08-01
2024-01-31
0001005731
IDT:DirectCostOfRevenuesMember
IDT:FintechMember
2023-08-01
2024-01-31
0001005731
IDT:DirectCostOfRevenuesMember
IDT:Net2phoneMember
2023-08-01
2024-01-31
0001005731
IDT:DirectCostOfRevenuesMember
IDT:TraditionalCommunicationsMember
2023-08-01
2024-01-31
0001005731
IDT:DirectCostOfRevenuesMember
us-gaap:CorporateMember
2023-08-01
2024-01-31
0001005731
IDT:DirectCostOfRevenuesMember
2023-08-01
2024-01-31
0001005731
us-gaap:SellingGeneralAndAdministrativeExpensesMember
IDT:NationalRetailSolutionsMember
2023-08-01
2024-01-31
0001005731
us-gaap:SellingGeneralAndAdministrativeExpensesMember
IDT:FintechMember
2023-08-01
2024-01-31
0001005731
us-gaap:SellingGeneralAndAdministrativeExpensesMember
IDT:Net2phoneMember
2023-08-01
2024-01-31
0001005731
us-gaap:SellingGeneralAndAdministrativeExpensesMember
IDT:TraditionalCommunicationsMember
2023-08-01
2024-01-31
0001005731
us-gaap:SellingGeneralAndAdministrativeExpensesMember
us-gaap:CorporateMember
2023-08-01
2024-01-31
0001005731
us-gaap:SellingGeneralAndAdministrativeExpensesMember
2023-08-01
2024-01-31
0001005731
IDT:NationalRetailSolutionsMember
2022-08-01
2023-01-31
0001005731
IDT:FintechMember
2022-08-01
2023-01-31
0001005731
IDT:Net2phoneMember
2022-08-01
2023-01-31
0001005731
IDT:TraditionalCommunicationsMember
2022-08-01
2023-01-31
0001005731
us-gaap:CorporateMember
2022-08-01
2023-01-31
0001005731
IDT:DirectCostOfRevenuesMember
IDT:NationalRetailSolutionsMember
2022-08-01
2023-01-31
0001005731
IDT:DirectCostOfRevenuesMember
IDT:FintechMember
2022-08-01
2023-01-31
0001005731
IDT:DirectCostOfRevenuesMember
IDT:Net2phoneMember
2022-08-01
2023-01-31
0001005731
IDT:DirectCostOfRevenuesMember
IDT:TraditionalCommunicationsMember
2022-08-01
2023-01-31
0001005731
IDT:DirectCostOfRevenuesMember
us-gaap:CorporateMember
2022-08-01
2023-01-31
0001005731
IDT:DirectCostOfRevenuesMember
2022-08-01
2023-01-31
0001005731
us-gaap:SellingGeneralAndAdministrativeExpensesMember
IDT:NationalRetailSolutionsMember
2022-08-01
2023-01-31
0001005731
us-gaap:SellingGeneralAndAdministrativeExpensesMember
IDT:FintechMember
2022-08-01
2023-01-31
0001005731
us-gaap:SellingGeneralAndAdministrativeExpensesMember
IDT:Net2phoneMember
2022-08-01
2023-01-31
0001005731
us-gaap:SellingGeneralAndAdministrativeExpensesMember
IDT:TraditionalCommunicationsMember
2022-08-01
2023-01-31
0001005731
us-gaap:SellingGeneralAndAdministrativeExpensesMember
us-gaap:CorporateMember
2022-08-01
2023-01-31
0001005731
us-gaap:SellingGeneralAndAdministrativeExpensesMember
2022-08-01
2023-01-31
0001005731
IDT:BOSSRevolutionMoneyTransferMember
IDT:FintechMember
2023-11-01
2024-01-31
0001005731
IDT:BOSSRevolutionMoneyTransferMember
IDT:FintechMember
2022-11-01
2023-01-31
0001005731
IDT:BOSSRevolutionMoneyTransferMember
IDT:FintechMember
2023-08-01
2024-01-31
0001005731
IDT:BOSSRevolutionMoneyTransferMember
IDT:FintechMember
2022-08-01
2023-01-31
0001005731
IDT:OtherMember
IDT:FintechMember
2023-11-01
2024-01-31
0001005731
IDT:OtherMember
IDT:FintechMember
2022-11-01
2023-01-31
0001005731
IDT:OtherMember
IDT:FintechMember
2023-08-01
2024-01-31
0001005731
IDT:OtherMember
IDT:FintechMember
2022-08-01
2023-01-31
0001005731
IDT:IDTDigitalPaymentsMember
IDT:TraditionalCommunicationsMember
2023-11-01
2024-01-31
0001005731
IDT:IDTDigitalPaymentsMember
IDT:TraditionalCommunicationsMember
2022-11-01
2023-01-31
0001005731
IDT:IDTDigitalPaymentsMember
IDT:TraditionalCommunicationsMember
2023-08-01
2024-01-31
0001005731
IDT:IDTDigitalPaymentsMember
IDT:TraditionalCommunicationsMember
2022-08-01
2023-01-31
0001005731
IDT:BOSSRevolutionCallingMember
IDT:TraditionalCommunicationsMember
2023-11-01
2024-01-31
0001005731
IDT:BOSSRevolutionCallingMember
IDT:TraditionalCommunicationsMember
2022-11-01
2023-01-31
0001005731
IDT:BOSSRevolutionCallingMember
IDT:TraditionalCommunicationsMember
2023-08-01
2024-01-31
0001005731
IDT:BOSSRevolutionCallingMember
IDT:TraditionalCommunicationsMember
2022-08-01
2023-01-31
0001005731
IDT:IDTGlobalMember
IDT:TraditionalCommunicationsMember
2023-11-01
2024-01-31
0001005731
IDT:IDTGlobalMember
IDT:TraditionalCommunicationsMember
2022-11-01
2023-01-31
0001005731
IDT:IDTGlobalMember
IDT:TraditionalCommunicationsMember
2023-08-01
2024-01-31
0001005731
IDT:IDTGlobalMember
IDT:TraditionalCommunicationsMember
2022-08-01
2023-01-31
0001005731
IDT:OtherMember
IDT:TraditionalCommunicationsMember
2023-11-01
2024-01-31
0001005731
IDT:OtherMember
IDT:TraditionalCommunicationsMember
2022-11-01
2023-01-31
0001005731
IDT:OtherMember
IDT:TraditionalCommunicationsMember
2023-08-01
2024-01-31
0001005731
IDT:OtherMember
IDT:TraditionalCommunicationsMember
2022-08-01
2023-01-31
0001005731
country:US
IDT:NationalRetailSolutionsMember
2023-11-01
2024-01-31
0001005731
country:US
IDT:FintechMember
2023-11-01
2024-01-31
0001005731
country:US
IDT:Net2phoneMember
2023-11-01
2024-01-31
0001005731
country:US
IDT:TraditionalCommunicationsMember
2023-11-01
2024-01-31
0001005731
country:US
2023-11-01
2024-01-31
0001005731
country:GB
IDT:NationalRetailSolutionsMember
2023-11-01
2024-01-31
0001005731
country:GB
IDT:FintechMember
2023-11-01
2024-01-31
0001005731
country:GB
IDT:Net2phoneMember
2023-11-01
2024-01-31
0001005731
country:GB
IDT:TraditionalCommunicationsMember
2023-11-01
2024-01-31
0001005731
country:GB
2023-11-01
2024-01-31
0001005731
IDT:OthersMember
IDT:NationalRetailSolutionsMember
2023-11-01
2024-01-31
0001005731
IDT:OthersMember
IDT:FintechMember
2023-11-01
2024-01-31
0001005731
IDT:OthersMember
IDT:Net2phoneMember
2023-11-01
2024-01-31
0001005731
IDT:OthersMember
IDT:TraditionalCommunicationsMember
2023-11-01
2024-01-31
0001005731
IDT:OthersMember
2023-11-01
2024-01-31
0001005731
us-gaap:NonUsMember
IDT:NationalRetailSolutionsMember
2023-11-01
2024-01-31
0001005731
us-gaap:NonUsMember
IDT:FintechMember
2023-11-01
2024-01-31
0001005731
us-gaap:NonUsMember
IDT:Net2phoneMember
2023-11-01
2024-01-31
0001005731
us-gaap:NonUsMember
IDT:TraditionalCommunicationsMember
2023-11-01
2024-01-31
0001005731
us-gaap:NonUsMember
2023-11-01
2024-01-31
0001005731
country:US
IDT:NationalRetailSolutionsMember
2022-11-01
2023-01-31
0001005731
country:US
IDT:FintechMember
2022-11-01
2023-01-31
0001005731
country:US
IDT:Net2phoneMember
2022-11-01
2023-01-31
0001005731
country:US
IDT:TraditionalCommunicationsMember
2022-11-01
2023-01-31
0001005731
country:US
2022-11-01
2023-01-31
0001005731
country:GB
IDT:NationalRetailSolutionsMember
2022-11-01
2023-01-31
0001005731
country:GB
IDT:FintechMember
2022-11-01
2023-01-31
0001005731
country:GB
IDT:Net2phoneMember
2022-11-01
2023-01-31
0001005731
country:GB
IDT:TraditionalCommunicationsMember
2022-11-01
2023-01-31
0001005731
country:GB
2022-11-01
2023-01-31
0001005731
IDT:OthersMember
IDT:NationalRetailSolutionsMember
2022-11-01
2023-01-31
0001005731
IDT:OthersMember
IDT:FintechMember
2022-11-01
2023-01-31
0001005731
IDT:OthersMember
IDT:Net2phoneMember
2022-11-01
2023-01-31
0001005731
IDT:OthersMember
IDT:TraditionalCommunicationsMember
2022-11-01
2023-01-31
0001005731
IDT:OthersMember
2022-11-01
2023-01-31
0001005731
us-gaap:NonUsMember
IDT:NationalRetailSolutionsMember
2022-11-01
2023-01-31
0001005731
us-gaap:NonUsMember
IDT:FintechMember
2022-11-01
2023-01-31
0001005731
us-gaap:NonUsMember
IDT:Net2phoneMember
2022-11-01
2023-01-31
0001005731
us-gaap:NonUsMember
IDT:TraditionalCommunicationsMember
2022-11-01
2023-01-31
0001005731
us-gaap:NonUsMember
2022-11-01
2023-01-31
0001005731
country:US
IDT:NationalRetailSolutionsMember
2023-08-01
2024-01-31
0001005731
country:US
IDT:FintechMember
2023-08-01
2024-01-31
0001005731
country:US
IDT:Net2phoneMember
2023-08-01
2024-01-31
0001005731
country:US
IDT:TraditionalCommunicationsMember
2023-08-01
2024-01-31
0001005731
country:US
2023-08-01
2024-01-31
0001005731
country:GB
IDT:NationalRetailSolutionsMember
2023-08-01
2024-01-31
0001005731
country:GB
IDT:FintechMember
2023-08-01
2024-01-31
0001005731
country:GB
IDT:Net2phoneMember
2023-08-01
2024-01-31
0001005731
country:GB
IDT:TraditionalCommunicationsMember
2023-08-01
2024-01-31
0001005731
country:GB
2023-08-01
2024-01-31
0001005731
IDT:OthersMember
IDT:NationalRetailSolutionsMember
2023-08-01
2024-01-31
0001005731
IDT:OthersMember
IDT:FintechMember
2023-08-01
2024-01-31
0001005731
IDT:OthersMember
IDT:Net2phoneMember
2023-08-01
2024-01-31
0001005731
IDT:OthersMember
IDT:TraditionalCommunicationsMember
2023-08-01
2024-01-31
0001005731
IDT:OthersMember
2023-08-01
2024-01-31
0001005731
us-gaap:NonUsMember
IDT:NationalRetailSolutionsMember
2023-08-01
2024-01-31
0001005731
us-gaap:NonUsMember
IDT:FintechMember
2023-08-01
2024-01-31
0001005731
us-gaap:NonUsMember
IDT:Net2phoneMember
2023-08-01
2024-01-31
0001005731
us-gaap:NonUsMember
IDT:TraditionalCommunicationsMember
2023-08-01
2024-01-31
0001005731
us-gaap:NonUsMember
2023-08-01
2024-01-31
0001005731
country:US
IDT:NationalRetailSolutionsMember
2022-08-01
2023-01-31
0001005731
country:US
IDT:FintechMember
2022-08-01
2023-01-31
0001005731
country:US
IDT:Net2phoneMember
2022-08-01
2023-01-31
0001005731
country:US
IDT:TraditionalCommunicationsMember
2022-08-01
2023-01-31
0001005731
country:US
2022-08-01
2023-01-31
0001005731
country:GB
IDT:NationalRetailSolutionsMember
2022-08-01
2023-01-31
0001005731
country:GB
IDT:FintechMember
2022-08-01
2023-01-31
0001005731
country:GB
IDT:Net2phoneMember
2022-08-01
2023-01-31
0001005731
country:GB
IDT:TraditionalCommunicationsMember
2022-08-01
2023-01-31
0001005731
country:GB
2022-08-01
2023-01-31
0001005731
IDT:OthersMember
IDT:NationalRetailSolutionsMember
2022-08-01
2023-01-31
0001005731
IDT:OthersMember
IDT:FintechMember
2022-08-01
2023-01-31
0001005731
IDT:OthersMember
IDT:Net2phoneMember
2022-08-01
2023-01-31
0001005731
IDT:OthersMember
IDT:TraditionalCommunicationsMember
2022-08-01
2023-01-31
0001005731
IDT:OthersMember
2022-08-01
2023-01-31
0001005731
us-gaap:NonUsMember
IDT:NationalRetailSolutionsMember
2022-08-01
2023-01-31
0001005731
us-gaap:NonUsMember
IDT:FintechMember
2022-08-01
2023-01-31
0001005731
us-gaap:NonUsMember
IDT:Net2phoneMember
2022-08-01
2023-01-31
0001005731
us-gaap:NonUsMember
IDT:TraditionalCommunicationsMember
2022-08-01
2023-01-31
0001005731
us-gaap:NonUsMember
2022-08-01
2023-01-31
0001005731
IDT:NationalRetailSolutionsMember
2025-08-01
2024-01-31
0001005731
IDT:Net2phoneMember
2025-08-01
2024-01-31
0001005731
2025-08-01
2024-01-31
0001005731
IDT:NationalRetailSolutionsMember
2026-08-01
2024-01-31
0001005731
IDT:Net2phoneMember
2026-08-01
2024-01-31
0001005731
2026-08-01
2024-01-31
0001005731
IDT:NationalRetailSolutionsMember
2027-08-01
2024-01-31
0001005731
IDT:Net2phoneMember
2027-08-01
2024-01-31
0001005731
2027-08-01
2024-01-31
0001005731
IDT:NationalRetailSolutionsMember
2024-01-31
2024-01-31
0001005731
IDT:Net2phoneMember
2024-01-31
2024-01-31
0001005731
2024-01-31
2024-01-31
0001005731
srt:MinimumMember
2024-01-31
0001005731
srt:MaximumMember
2024-01-31
0001005731
IDT:IDTFinancialServicesLimitedMember
2024-01-31
0001005731
IDT:IDTFinancialServicesLimitedMember
2023-07-31
0001005731
IDT:IDTPaymentServicesMember
2024-01-31
0001005731
IDT:IDTPaymentServicesMember
2023-07-31
0001005731
us-gaap:CertificatesOfDepositMember
2024-01-31
0001005731
us-gaap:USTreasuryBillSecuritiesMember
2024-01-31
0001005731
us-gaap:CorporateBondSecuritiesMember
2024-01-31
0001005731
us-gaap:CertificatesOfDepositMember
2023-07-31
0001005731
us-gaap:USTreasuryBillSecuritiesMember
2023-07-31
0001005731
us-gaap:CorporateBondSecuritiesMember
2023-07-31
0001005731
us-gaap:CommonClassBMember
IDT:ZedgeIncMember
2024-01-31
0001005731
us-gaap:CommonClassBMember
IDT:ZedgeIncMember
2023-07-31
0001005731
us-gaap:CommonClassBMember
IDT:RafaelHoldingsIncMember
2024-01-31
0001005731
us-gaap:CommonClassBMember
IDT:RafaelHoldingsIncMember
2023-07-31
0001005731
IDT:OtherMarketableEquitySecuritiesMember
2024-01-31
0001005731
IDT:OtherMarketableEquitySecuritiesMember
2023-07-31
0001005731
us-gaap:MutualFundMember
2024-01-31
0001005731
us-gaap:MutualFundMember
2023-07-31
0001005731
IDT:SeriesCConvertiblePreferredStockMember
IDT:VisaIncMember
2024-01-31
0001005731
IDT:SeriesCConvertiblePreferredStockMember
IDT:VisaIncMember
2023-07-31
0001005731
us-gaap:ConvertiblePreferredStockMember
2024-01-31
0001005731
us-gaap:ConvertiblePreferredStockMember
2023-07-31
0001005731
us-gaap:HedgeFundsMember
2024-01-31
0001005731
us-gaap:HedgeFundsMember
2023-07-31
0001005731
us-gaap:OtherInvestmentsMember
2024-01-31
0001005731
us-gaap:OtherInvestmentsMember
2023-07-31
0001005731
us-gaap:CommonClassBMember
IDT:ZedgeIncMember
2023-08-01
2024-01-31
0001005731
us-gaap:CommonClassBMember
IDT:ZedgeIncMember
2022-08-01
2023-07-31
0001005731
us-gaap:CommonClassBMember
IDT:RafaelHoldingsIncMember
2023-08-01
2024-01-31
0001005731
us-gaap:CommonClassBMember
IDT:RafaelHoldingsIncMember
2022-08-01
2023-07-31
0001005731
IDT:RegalBancorpMember
2023-12-01
2023-12-31
0001005731
IDT:EquityMethodInvestmentMember
2024-01-31
0001005731
IDT:EquityMethodInvestmentMember
2023-07-31
0001005731
IDT:EMIPreferredStockMember
us-gaap:SubsequentEventMember
2024-02-01
2024-02-29
0001005731
IDT:EMIPreferredStockMember
us-gaap:SubsequentEventMember
2024-03-01
2024-03-31
0001005731
IDT:RafaelClassBCommonStockMember
2023-11-01
2024-01-31
0001005731
IDT:RafaelClassBCommonStockMember
2022-11-01
2023-01-31
0001005731
IDT:RafaelClassBCommonStockMember
2023-08-01
2024-01-31
0001005731
IDT:RafaelClassBCommonStockMember
2022-08-01
2023-01-31
0001005731
IDT:ZedgeClassBCommonStockMember
2023-11-01
2024-01-31
0001005731
IDT:ZedgeClassBCommonStockMember
2022-11-01
2023-01-31
0001005731
IDT:ZedgeClassBCommonStockMember
2023-08-01
2024-01-31
0001005731
IDT:ZedgeClassBCommonStockMember
2022-08-01
2023-01-31
0001005731
us-gaap:EquityMethodInvesteeMember
2023-10-31
0001005731
us-gaap:EquityMethodInvesteeMember
2022-10-31
0001005731
us-gaap:EquityMethodInvesteeMember
2023-07-31
0001005731
us-gaap:EquityMethodInvesteeMember
2022-07-31
0001005731
us-gaap:EquityMethodInvesteeMember
2023-11-01
2024-01-31
0001005731
us-gaap:EquityMethodInvesteeMember
2022-11-01
2023-01-31
0001005731
us-gaap:EquityMethodInvesteeMember
2023-08-01
2024-01-31
0001005731
us-gaap:EquityMethodInvesteeMember
2022-08-01
2023-01-31
0001005731
us-gaap:EquityMethodInvesteeMember
2024-01-31
0001005731
us-gaap:EquityMethodInvesteeMember
2023-01-31
0001005731
us-gaap:FairValueInputsLevel1Member
us-gaap:FairValueMeasurementsRecurringMember
2024-01-31
0001005731
us-gaap:FairValueInputsLevel2Member
us-gaap:FairValueMeasurementsRecurringMember
2024-01-31
0001005731
us-gaap:FairValueInputsLevel3Member
us-gaap:FairValueMeasurementsRecurringMember
2024-01-31
0001005731
us-gaap:FairValueMeasurementsRecurringMember
2024-01-31
0001005731
us-gaap:FairValueInputsLevel1Member
us-gaap:FairValueMeasurementsRecurringMember
2023-07-31
0001005731
us-gaap:FairValueInputsLevel2Member
us-gaap:FairValueMeasurementsRecurringMember
2023-07-31
0001005731
us-gaap:FairValueInputsLevel3Member
us-gaap:FairValueMeasurementsRecurringMember
2023-07-31
0001005731
us-gaap:FairValueMeasurementsRecurringMember
2023-07-31
0001005731
us-gaap:VariableInterestEntityPrimaryBeneficiaryMember
2024-01-31
0001005731
us-gaap:VariableInterestEntityPrimaryBeneficiaryMember
2023-07-31
0001005731
us-gaap:VariableInterestEntityPrimaryBeneficiaryMember
us-gaap:RelatedPartyMember
2024-01-31
0001005731
us-gaap:VariableInterestEntityPrimaryBeneficiaryMember
us-gaap:RelatedPartyMember
2023-07-31
0001005731
IDT:FintechMember
2023-11-01
2024-01-31
0001005731
IDT:FintechMember
2022-11-01
2023-01-31
0001005731
IDT:FintechMember
2023-08-01
2024-01-31
0001005731
IDT:FintechMember
2022-08-01
2023-01-31
0001005731
IDT:IndemnificationAgreementMember
2023-05-08
2023-05-08
0001005731
us-gaap:RevolvingCreditFacilityMember
IDT:TDBankMember
2021-05-17
0001005731
IDT:IDTTelecomMember
2024-01-31
0001005731
IDT:IDTTelecomMember
2023-07-31
0001005731
IDT:IDTTelecomMember
2023-08-01
2024-01-31
0001005731
IDT:IDTTelecomMember
2022-08-01
2023-01-31
0001005731
us-gaap:RevolvingCreditFacilityMember
IDT:TDBankMember
2023-08-01
2024-01-31
0001005731
us-gaap:CommonClassBMember
IDT:TwoThousandTwentyFourEquityIncentivePlanMember
2023-12-13
0001005731
us-gaap:CommonClassBMember
IDT:TwoThousandFifteenStockOptionAndIncentivePlanMember
2023-12-13
2023-12-13
0001005731
us-gaap:CommonClassBMember
IDT:TwoThousandFifteenStockOptionAndIncentivePlanMember
2023-08-01
2024-01-31
0001005731
us-gaap:CommonClassBMember
IDT:TwoThousandFifteenStockOptionAndIncentivePlanMember
2022-08-01
2023-01-31
0001005731
IDT:ClassBCommonStockMember
2024-01-31
0001005731
IDT:ClassBCommonStockMember
2023-08-01
2024-01-31
0001005731
IDT:ClassBCommonStockMember
2022-08-01
2023-01-31
0001005731
IDT:ClassBCommonStockMember
IDT:EmployeesMember
2023-08-01
2024-01-31
0001005731
IDT:ClassBCommonStockMember
IDT:EmployeesMember
2022-08-01
2023-01-31
0001005731
us-gaap:CommonClassBMember
IDT:DeferredStockUnitsMember
2023-08-01
2024-01-31
0001005731
us-gaap:CommonClassBMember
IDT:DeferredStockUnitsMember
us-gaap:SubsequentEventMember
2024-02-21
2024-02-21
0001005731
us-gaap:CommonClassBMember
IDT:DeferredStockUnitsMember
us-gaap:SubsequentEventMember
2024-02-21
0001005731
IDT:DeferredStockUnitsMember
IDT:AmendedAndRestatedEmploymentAgreementMember
IDT:BillPereiraMember
us-gaap:CommonClassBMember
2023-12-21
2023-12-21
0001005731
IDT:DeferredStockUnitsMember
IDT:AmendedAndRestatedEmploymentAgreementMember
IDT:NetTwophoneTwoZeroIncMember
us-gaap:CommonClassBMember
2023-12-21
2023-12-21
0001005731
us-gaap:SellingGeneralAndAdministrativeExpensesMember
IDT:AmendedAndRestatedEmploymentAgreementMember
2023-08-01
2024-01-31
0001005731
us-gaap:SellingGeneralAndAdministrativeExpensesMember
IDT:AmendedAndRestatedEmploymentAgreementMember
2023-11-01
2024-01-31
0001005731
IDT:DeferredStockUnitsMember
IDT:AmendedAndRestatedEmploymentAgreementMember
2024-01-31
0001005731
IDT:ContingentBonusMember
IDT:AmendedAndRestatedEmploymentAgreementMember
2024-01-31
0001005731
us-gaap:CommonClassBMember
2024-01-01
2024-01-31
0001005731
2024-01-01
2024-01-31
0001005731
us-gaap:CommonClassBMember
IDT:NetTwophoneTwoZeroIncMember
2024-01-01
2024-01-31
0001005731
IDT:NetTwophoneTwoZeroIncMember
2024-01-01
2024-01-31
0001005731
us-gaap:SubsequentEventMember
IDT:CommonClassAandBMember
2024-03-31
0001005731
us-gaap:SubsequentEventMember
IDT:CommonClassAandBMember
2024-03-31
2024-03-31
0001005731
us-gaap:CommonClassBMember
IDT:NationalRetailSolutionsMember
2021-09-28
2021-09-29
0001005731
us-gaap:CommonClassBMember
IDT:NationalRetailSolutionsMember
2023-11-01
2024-01-31
0001005731
us-gaap:CommonClassBMember
IDT:NationalRetailSolutionsMember
2022-11-01
2023-01-31
0001005731
us-gaap:CommonClassBMember
IDT:NationalRetailSolutionsMember
2023-08-01
2024-01-31
0001005731
us-gaap:CommonClassBMember
IDT:NationalRetailSolutionsMember
2022-08-01
2023-01-31
0001005731
us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember
2023-07-31
0001005731
us-gaap:AccumulatedTranslationAdjustmentMember
2023-07-31
0001005731
us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember
2023-08-01
2024-01-31
0001005731
us-gaap:AccumulatedTranslationAdjustmentMember
2023-08-01
2024-01-31
0001005731
us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember
2024-01-31
0001005731
us-gaap:AccumulatedTranslationAdjustmentMember
2024-01-31
0001005731
IDT:FederalTelecommunicationsRelayServicesFundMember
2023-07-31
0001005731
2022-08-01
2023-07-31
iso4217:USD
xbrli:shares
iso4217:USD
xbrli:shares
IDT:Integer
IDT:Segments
xbrli:pure
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
10-Q
☒ |
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934 |
FOR THE QUARTERLY PERIOD ENDED JANUARY 31, 2024
or
☐ |
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934 |
Commission File Number: 1-16371
IDT
CORPORATION
(Exact Name of Registrant as Specified in its Charter)
Delaware |
|
22-3415036 |
(State or other jurisdiction of
incorporation or organization) |
|
(I.R.S. Employer
Identification Number) |
|
|
|
520
Broad Street, Newark, New Jersey |
|
07102 |
(Address
of principal executive offices) |
|
(Zip
Code) |
(973) 438-1000
(Registrant’s telephone number, including area code)
Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class |
|
Name
of each exchange on which registered |
Class
B common stock, par value $.01 per share |
|
New
York Stock Exchange |
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities
Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),
and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐
Indicate by
check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule
405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the
registrant was required to submit and post such files). Yes ☒ No ☐
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting
company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,”
“smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
Large
accelerated filer |
☐ |
Accelerated
filer |
☒ |
Non-accelerated
filer |
☐ |
Smaller
reporting company |
☐ |
Emerging
growth company |
☐ |
|
|
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act.): Yes ☐ No
☒
As of March 6, 2024, the registrant had the following shares outstanding:
Class
A common stock, $.01 par value: |
1,574,326
shares outstanding (excluding 1,698,000 treasury shares) |
Class
B common stock, $.01 par value: |
23,813,251
shares outstanding (excluding 4,309,732 treasury shares) |
IDT
CORPORATION
TABLE
OF CONTENTS
PART I. FINANCIAL INFORMATION
Item
1. Financial Statements (Unaudited)
IDT
CORPORATION
CONSOLIDATED
BALANCE SHEETS
| |
January 31, 2024 | | |
July 31, 2023 | |
| |
(Unaudited) | | |
(Note 1) | |
| |
(in thousands, except per share data) | |
Assets | |
| | |
| |
Current assets: | |
| | | |
| | |
Cash and cash equivalents | |
$ | 141,081 | | |
$ | 103,637 | |
Restricted cash and cash equivalents | |
| 93,231 | | |
| 95,186 | |
Debt securities | |
| 31,419 | | |
| 42,414 | |
Equity investments | |
| 5,076 | | |
| 6,198 | |
Trade accounts receivable, net of allowance for credit losses of $6,315 at January 31, 2024 and allowance for doubtful accounts of $5,642 at July 31, 2023 | |
| 37,392 | | |
| 32,092 | |
Settlement assets, net of reserve of $1,514 at January 31, 2024 and $1,143 at July 31, 2023 | |
| 17,200 | | |
| 32,396 | |
Disbursement prefunding | |
| 27,749 | | |
| 30,113 | |
Prepaid expenses | |
| 23,523 | | |
| 16,638 | |
Other current assets | |
| 30,905 | | |
| 28,394 | |
| |
| | | |
| | |
Total current assets | |
| 407,576 | | |
| 387,068 | |
Property, plant, and equipment, net | |
| 38,713 | | |
| 38,655 | |
Goodwill | |
| 26,318 | | |
| 26,457 | |
Other intangibles, net | |
| 7,026 | | |
| 8,196 | |
Equity investments | |
| 7,558 | | |
| 9,874 | |
Operating lease right-of-use assets | |
| 5,079 | | |
| 5,540 | |
Deferred income tax assets, net | |
| 18,313 | | |
| 24,101 | |
Other assets | |
| 11,195 | | |
| 10,919 | |
| |
| | | |
| | |
Total assets | |
$ | 521,778 | | |
$ | 510,810 | |
| |
| | | |
| | |
Liabilities, redeemable noncontrolling interest, and equity | |
| | | |
| | |
Current liabilities: | |
| | | |
| | |
Trade accounts payable | |
$ | 21,514 | | |
$ | 22,231 | |
Accrued expenses | |
| 107,181 | | |
| 110,796 | |
Deferred revenue | |
| 33,803 | | |
| 35,343 | |
Customer deposits | |
| 87,553 | | |
| 86,481 | |
Settlement liabilities | |
| 15,789 | | |
| 21,495 | |
Other current liabilities | |
| 19,194 | | |
| 17,761 | |
| |
| | | |
| | |
Total current liabilities | |
| 285,034 | | |
| 294,107 | |
Operating lease liabilities | |
| 2,448 | | |
| 2,881 | |
Other liabilities | |
| 3,716 | | |
| 3,354 | |
| |
| | | |
| | |
Total liabilities | |
| 291,198 | | |
| 300,342 | |
Commitments and contingencies | |
| - | | |
| - | |
Redeemable noncontrolling interest | |
| 10,693 | | |
| 10,472 | |
Equity: | |
| | | |
| | |
IDT Corporation stockholders’ equity: | |
| | | |
| | |
Preferred stock, $.01 par value; authorized shares—10,000; no shares issued | |
| — | | |
| — | |
Class A common stock, $.01 par value; authorized shares—35,000; 3,272 shares issued and 1,574 shares outstanding at January 31, 2024 and July 31, 2023 | |
| 33 | | |
| 33 | |
Class B common stock, $.01 par value; authorized shares—200,000; 28,069 and 27,851 shares issued and 23,781 and 23,699 shares outstanding at January 31, 2024 and July 31, 2023, respectively | |
| 281 | | |
| 279 | |
Common stock, value | |
| 281 | | |
| 279 | |
Additional paid-in capital | |
| 300,631 | | |
| 301,408 | |
Treasury stock, at cost, consisting of 1,698 and 1,698 shares of Class A common stock and 4,288 and 4,152 shares of Class B common stock at January 31, 2024 and July 31, 2023, respectively | |
| (118,631 | ) | |
| (115,461 | ) |
Accumulated other comprehensive loss | |
| (17,276 | ) | |
| (17,192 | ) |
Retained earnings | |
| 46,746 | | |
| 24,662 | |
| |
| | | |
| | |
Total IDT Corporation stockholders’ equity | |
| 211,784 | | |
| 193,729 | |
Noncontrolling interests | |
| 8,103 | | |
| 6,267 | |
| |
| | | |
| | |
Total equity | |
| 219,887 | | |
| 199,996 | |
| |
| | | |
| | |
Total liabilities, redeemable noncontrolling interest, and equity | |
$ | 521,778 | | |
$ | 510,810 | |
See accompanying notes to consolidated financial statements.
IDT CORPORATION
CONSOLIDATED
STATEMENTS OF INCOME
(Unaudited)
| |
2024 | | |
2023 | | |
2024 | | |
2023 | |
| |
Three Months Ended January 31, | | |
Six Months Ended January 31, | |
| |
2024 | | |
2023 | | |
2024 | | |
2023 | |
| |
(in thousands, except per share data) | |
| |
| |
Revenues | |
$ | 296,098 | | |
$ | 313,936 | | |
$ | 597,302 | | |
$ | 635,752 | |
Direct cost of revenues | |
| 198,699 | | |
| 223,499 | | |
| 405,475 | | |
| 456,170 | |
Gross profit | |
| 97,399 | | |
| 90,437 | | |
| 191,827 | | |
| 179,582 | |
Operating expenses (gains): | |
| | | |
| | | |
| | | |
| | |
Selling, general and administrative (i) | |
| 80,743 | | |
| 72,060 | | |
| 157,965 | | |
| 141,679 | |
Severance | |
| 345 | | |
| 213 | | |
| 869 | | |
| 312 | |
Other operating expense (gain), net (see Note 10) | |
| 294 | | |
| (17 | ) | |
| (190 | ) | |
| (816 | ) |
| |
| | | |
| | | |
| | | |
| | |
Total operating expenses | |
| 81,382 | | |
| 72,256 | | |
| 158,644 | | |
| 141,175 | |
| |
| | | |
| | | |
| | | |
| | |
Income from operations | |
| 16,017 | | |
| 18,181 | | |
| 33,183 | | |
| 38,407 | |
Interest income, net | |
| 1,195 | | |
| 810 | | |
| 2,039 | | |
| 1,320 | |
Other income (expense), net | |
| 2,534 | | |
| 1,613 | | |
| (3,053 | ) | |
| (2,229 | ) |
| |
| | | |
| | | |
| | | |
| | |
Provision for income taxes | |
| (3,992 | ) | |
| (5,295 | ) | |
| (7,939 | ) | |
| (9,634 | ) |
| |
| | | |
| | | |
| | | |
| | |
Net income | |
| 15,754 | | |
| 15,309 | | |
| 24,230 | | |
| 27,864 | |
Net income attributable to noncontrolling interests | |
| (1,329 | ) | |
| (686 | ) | |
| (2,146 | ) | |
| (2,239 | ) |
| |
| | | |
| | | |
| | | |
| | |
Net income attributable to IDT Corporation | |
$ | 14,425 | | |
$ | 14,623 | | |
$ | 22,084 | | |
$ | 25,625 | |
| |
| | | |
| | | |
| | | |
| | |
Earnings per share attributable to IDT Corporation common stockholders: | |
| | | |
| | | |
| | | |
| | |
Basic | |
$ | 0.57 | | |
$ | 0.57 | | |
$ | 0.88 | | |
$ | 1.00 | |
| |
| | | |
| | | |
| | | |
| | |
Diluted | |
$ | 0.57 | | |
$ | 0.57 | | |
$ | 0.87 | | |
$ | 1.00 | |
| |
| | | |
| | | |
| | | |
| | |
Weighted-average number of shares used in calculation of earnings per share: | |
| | | |
| | | |
| | | |
| | |
Basic | |
| 25,175 | | |
| 25,510 | | |
| 25,176 | | |
| 25,556 | |
| |
| | | |
| | | |
| | | |
| | |
Diluted | |
| 25,317 | | |
| 25,538 | | |
| 25,297 | | |
| 25,577 | |
| |
| | | |
| | | |
| | | |
| | |
(i) Stock-based compensation included in selling, general and administrative expenses | |
$ | 2,487 | | |
$ | 1,286 | | |
$ | 3,258 | | |
$ | 1,858 | |
See
accompanying notes to consolidated financial statements.
IDT
CORPORATION
CONSOLIDATED
STATEMENTS OF COMPREHENSIVE INCOME
(Unaudited)
| |
2024 | | |
2023 | | |
2024 | | |
2023 | |
| |
Three Months Ended January 31, | | |
Six Months Ended January 31, | |
| |
2024 | | |
2023 | | |
2024 | | |
2023 | |
| |
(in thousands) | |
Net income | |
$ | 15,754 | | |
$ | 15,309 | | |
$ | 24,230 | | |
$ | 27,864 | |
Other comprehensive loss: | |
| | | |
| | | |
| | | |
| | |
Change in unrealized loss on available-for-sale securities | |
| 270 | | |
| 188 | | |
| 204 | | |
| (34 | ) |
Foreign currency translation adjustments | |
| (919 | ) | |
| (2,227 | ) | |
| (288 | ) | |
| (2,372 | ) |
| |
| | | |
| | | |
| | | |
| | |
Other comprehensive loss | |
| (649 | ) | |
| (2,039 | ) | |
| (84 | ) | |
| (2,406 | ) |
| |
| | | |
| | | |
| | | |
| | |
Comprehensive income | |
| 15,105 | | |
| 13,270 | | |
| 24,146 | | |
| 25,458 | |
Comprehensive income attributable to noncontrolling interests | |
| (1,329 | ) | |
| (686 | ) | |
| (2,146 | ) | |
| (2,239 | ) |
| |
| | | |
| | | |
| | | |
| | |
Comprehensive income attributable to IDT Corporation | |
$ | 13,776 | | |
$ | 12,584 | | |
$ | 22,000 | | |
$ | 23,219 | |
See
accompanying notes to consolidated financial statements.
IDT
CORPORATION
CONSOLIDATED
STATEMENTS OF EQUITY (Unaudited)
| |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| |
| |
Three Months Ended January 31, 2024 (in thousands) | |
| |
IDT Corporation Stockholders | | |
| |
| |
Class A Common Stock | | |
Class B Common Stock | | |
Additional Paid-In Capital | | |
Treasury Stock | | |
Accumulated Other Comprehensive Loss | | |
Retained Earnings | | |
Noncontrolling Interests | | |
Total Equity | |
BALANCE AT OCTOBER 31, 2023 | |
$ | 33 | | |
$ | 279 | | |
$ | 302,351 | | |
$ | (118,312 | ) | |
$ | (16,627 | ) | |
$ | 32,321 | | |
$ | 6,922 | | |
$ | 206,967 | |
Repurchases of Class B common stock through repurchase program | |
| — | | |
| — | | |
| — | | |
| (319 | ) | |
| — | | |
| — | | |
| — | | |
| (319 | ) |
Restricted net2phone common stock purchased from employees | |
| — | | |
| — | | |
| (3,611 | ) | |
| — | | |
| — | | |
| — | | |
| 53 | | |
| (3,558 | ) |
Exchange of National Retail Solutions shares for Class B common stock | |
| — | | |
| 2 | | |
| 81 | | |
| — | | |
| — | | |
| — | | |
| (83 | ) | |
| — | |
Stock issued to certain executive officers for bonus payments | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Stock-based compensation | |
| — | | |
| — | | |
| 1,810 | | |
| — | | |
| — | | |
| — | | |
| — | | |
| 1,810 | |
Distributions to noncontrolling interests | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | | |
| (4 | ) | |
| (4 | ) |
Other comprehensive loss | |
| — | | |
| — | | |
| — | | |
| — | | |
| (649 | ) | |
| — | | |
| — | | |
| (649 | ) |
Net income | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | | |
| 14,425 | | |
| 1,215 | | |
| 15,640 | |
BALANCE AT JANUARY 31, 2024 | |
$ | 33 | | |
$ | 281 | | |
$ | 300,631 | | |
$ | (118,631 | ) | |
$ | (17,276 | ) | |
$ | 46,746 | | |
$ | 8,103 | | |
$ | 219,887 | |
| |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| |
| |
Six Months Ended January 31, 2024 (in thousands) | |
| |
IDT Corporation Stockholders | | |
| |
| |
Class A Common Stock | | |
Class B Common Stock | | |
Additional Paid-In Capital | | |
Treasury Stock | | |
Accumulated Other Comprehensive Loss | | |
Retained Earnings | | |
Noncontrolling Interests | | |
Total Equity | |
BALANCE AT JULY 31, 2023 | |
$ | 33 | | |
$ | 279 | | |
$ | 301,408 | | |
$ | (115,461 | ) | |
$ | (17,192 | ) | |
$ | 24,662 | | |
$ | 6,267 | | |
$ | 199,996 | |
Exercise of stock options | |
| — | | |
| — | | |
| 172 | | |
| — | | |
| — | | |
| — | | |
| — | | |
| 172 | |
Repurchases of Class B common stock through repurchase program | |
| — | | |
| — | | |
| — | | |
| (3,155 | ) | |
| — | | |
| — | | |
| — | | |
| (3,155 | ) |
Restricted Class B common stock purchased from employees | |
| — | | |
| — | | |
| — | | |
| (15 | ) | |
| — | | |
| — | | |
| — | | |
| (15 | ) |
Restricted net2phone common stock purchased from employees | |
| — | | |
| — | | |
| (3,611 | ) | |
| — | | |
| — | | |
| — | | |
| 53 | | |
| (3,558 | ) |
Exchange of National Retail Solutions shares for Class B common stock | |
| — | | |
| 2 | | |
| 81 | | |
| — | | |
| — | | |
| — | | |
| (83 | ) | |
| — | |
Stock-based compensation | |
| — | | |
| — | | |
| 2,581 | | |
| — | | |
| — | | |
| — | | |
| — | | |
| 2,581 | |
Distributions to noncontrolling interests | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | | |
| (59 | ) | |
| (59 | ) |
Other comprehensive loss | |
| — | | |
| — | | |
| — | | |
| — | | |
| (84 | ) | |
| — | | |
| — | | |
| (84 | ) |
Net income | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | | |
| 22,084 | | |
| 1,925 | | |
| 24,009 | |
BALANCE AT JANUARY 31, 2024 | |
$ | 33 | | |
$ | 281 | | |
$ | 300,631 | | |
$ | (118,631 | ) | |
$ | (17,276 | ) | |
$ | 46,746 | | |
$ | 8,103 | | |
$ | 219,887 | |
IDT
CORPORATION
CONSOLIDATED
STATEMENTS OF EQUITY—Continued
(Unaudited)
| |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| |
| |
Three Months Ended January 31, 2023 (in thousands) | |
| |
IDT Corporation Stockholders | | |
| |
| |
Class A Common Stock | | |
Class B Common Stock | | |
Additional Paid-In Capital | | |
Treasury Stock | | |
Accumulated
Other
Comprehensive Loss | | |
(Accumulated Deficit)
Retained Earnings | | |
Noncontrolling Interests | | |
Total Equity | |
BALANCE AT OCTOBER 31, 2022 | |
$ | 33 | | |
$ | 278 | | |
$ | 297,191 | | |
$ | (106,906 | ) | |
$ | (11,672 | ) | |
$ | (4,828 | ) | |
$ | 4,343 | | |
$ | 178,439 | |
Exercise of stock options | |
| — | | |
| — | | |
| 172 | | |
| — | | |
| — | | |
| — | | |
| — | | |
| 172 | |
Stock-based compensation | |
| — | | |
| — | | |
| 1,286 | | |
| — | | |
| — | | |
| — | | |
| — | | |
| 1,286 | |
Distributions to noncontrolling interests | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | | |
| (88 | ) | |
| (88 | ) |
Other comprehensive loss | |
| — | | |
| — | | |
| — | | |
| — | | |
| (2,039 | ) | |
| — | | |
| — | | |
| (2,039 | ) |
Net income | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | | |
| 14,623 | | |
| 621 | | |
| 15,244 | |
BALANCE AT JANUARY 31, 2023 | |
$ | 33 | | |
$ | 278 | | |
$ | 298,649 | | |
$ | (106,906 | ) | |
$ | (13,711 | ) | |
$ | 9,795 | | |
$ | 4,876 | | |
$ | 193,014 | |
| |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| |
| |
Six Months Ended January 31, 2023 (in thousands) | |
| |
IDT Corporation Stockholders | | |
| |
| |
Class A Common Stock | | |
Class B Common Stock | | |
Additional Paid-In Capital | | |
Treasury Stock | | |
Accumulated
Other
Comprehensive Loss | | |
(Accumulated
Deficit)
Retained
Earnings | | |
Noncontrolling Interests | | |
Total Equity | |
BALANCE AT JULY 31, 2022 | |
$ | 33 | | |
$ | 277 | | |
$ | 296,005 | | |
$ | (101,565 | ) | |
$ | (11,305 | ) | |
$ | (15,830 | ) | |
$ | 3,022 | | |
$ | 170,637 | |
BALANCE | |
$ | 33 | | |
$ | 277 | | |
$ | 296,005 | | |
$ | (101,565 | ) | |
$ | (11,305 | ) | |
$ | (15,830 | ) | |
$ | 3,022 | | |
$ | 170,637 | |
Exercise of stock options | |
| — | | |
| — | | |
| 172 | | |
| — | | |
| — | | |
| — | | |
| — | | |
| 172 | |
Repurchases of Class B common stock through repurchase program | |
| — | | |
| — | | |
| — | | |
| (5,006 | ) | |
| — | | |
| — | | |
| — | | |
| (5,006 | ) |
Restricted Class B common stock purchased from employees | |
| — | | |
| — | | |
| — | | |
| (335 | ) | |
| — | | |
| — | | |
| — | | |
| (335 | ) |
Stock issued to certain executive officers for bonus payments | |
| — | | |
| — | | |
| 615 | | |
| — | | |
| — | | |
| — | | |
| — | | |
| 615 | |
Stock-based compensation | |
| — | | |
| 1 | | |
| 1,857 | | |
| — | | |
| — | | |
| — | | |
| — | | |
| 1,858 | |
Distributions to noncontrolling interests | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | | |
| (187 | ) | |
| (187 | ) |
Other comprehensive loss | |
| — | | |
| — | | |
| — | | |
| — | | |
| (2,406 | ) | |
| — | | |
| — | | |
| (2,406 | ) |
Other comprehensive income (loss) | |
| — | | |
| — | | |
| — | | |
| — | | |
| (2,406 | ) | |
| — | | |
| — | | |
| (2,406 | ) |
Net income | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | | |
| 25,625 | | |
| 2,041 | | |
| 27,666 | |
BALANCE AT JANUARY 31, 2023 | |
$ | 33 | | |
$ | 278 | | |
$ | 298,649 | | |
$ | (106,906 | ) | |
$ | (13,711 | ) | |
$ | 9,795 | | |
$ | 4,876 | | |
$ | 193,014 | |
BALANCE | |
$ | 33 | | |
$ | 278 | | |
$ | 298,649 | | |
$ | (106,906 | ) | |
$ | (13,711 | ) | |
$ | 9,795 | | |
$ | 4,876 | | |
$ | 193,014 | |
See
accompanying notes to consolidated financial statements.
IDT
CORPORATION
CONSOLIDATED
STATEMENTS OF CASH FLOWS (Unaudited)
| |
2024 | | |
2023 | |
| |
Six Months Ended January 31, | |
| |
2024 | | |
2023 | |
| |
(in thousands) | |
Operating activities | |
| | | |
| | |
Net income | |
$ | 24,230 | | |
$ | 27,864 | |
Adjustments to reconcile net income to net cash provided by operating activities: | |
| | | |
| | |
Depreciation and amortization | |
| 10,146 | | |
| 9,801 | |
Deferred income taxes | |
| 5,787 | | |
| 7,788 | |
Provision for credit losses, doubtful accounts receivable, and reserve for settlement assets | |
| 1,696 | | |
| 915 | |
Net unrealized loss from marketable securities | |
| 1,234 | | |
| 2,349 | |
Stock-based compensation | |
| 3,258 | | |
| 1,858 | |
Other | |
| 1,595 | | |
| 1,359 | |
Change in assets and liabilities: | |
| | | |
| | |
Trade accounts receivable | |
| (7,040 | ) | |
| 2,483 | |
Settlement assets, disbursement prefunding, prepaid expenses, other current assets, and other assets | |
| 9,966 | | |
| 2,323 | |
Trade accounts payable, accrued expenses, settlement liabilities, other current liabilities, and other liabilities | |
| (12,021 | ) | |
| (19,344 | ) |
Customer deposits at IDT Financial Services Limited (Gibraltar-based bank) | |
| 2,253 | | |
| 15 | |
Deferred revenue | |
| (1,381 | ) | |
| (1,795 | ) |
| |
| | | |
| | |
Net cash provided by operating activities | |
| 39,723 | | |
| 35,616 | |
Investing activities | |
| | | |
| | |
Capital expenditures | |
| (8,885 | ) | |
| (10,578 | ) |
Purchase of convertible preferred stock in equity method investment | |
| (1,009 | ) | |
| — | |
Payments for acquisition | |
| (60 | ) | |
| — | |
Proceeds from maturities and sales of debt securities and redemptions of equity investments | |
| 31,231 | | |
| 27,531 | |
| |
| | | |
| | |
Net cash provided by (used in) investing activities | |
| 1,920 | | |
| (11,176 | ) |
Financing activities | |
| | | |
| | |
Distributions to noncontrolling interests | |
| (59 | ) | |
| (187 | ) |
Proceeds from other liabilities | |
| 100 | | |
| 300 | |
Repayment of other liabilities. | |
| (15 | ) | |
| (2,014 | ) |
Proceeds from borrowings under revolving credit facility | |
| 30,588 | | |
| 2,383 | |
Repayment of borrowings under revolving credit facility. | |
| (30,588 | ) | |
| (2,383 | ) |
Proceeds from exercise of stock options | |
| 172 | | |
| 172 | |
Repurchases of Class B common stock | |
| (3,170 | ) | |
| (5,341 | ) |
| |
| | | |
| | |
Net cash used in financing activities | |
| (2,972 | ) | |
| (7,070 | ) |
Effect of exchange rate changes on cash, cash equivalents, and restricted cash and cash equivalents | |
| (3,182 | ) | |
| 746 | |
| |
| | | |
| | |
Net increase in cash, cash equivalents, and restricted cash and cash equivalents | |
| 35,489 | | |
| 18,116 | |
Cash, cash equivalents, and restricted cash and cash equivalents at beginning of period | |
| 198,823 | | |
| 189,562 | |
| |
| | | |
| | |
Cash, cash equivalents, and restricted cash and cash equivalents at end of period | |
$ | 234,312 | | |
$ | 207,678 | |
| |
| | | |
| | |
Supplemental schedule of non-cash financing activities | |
| | | |
| | |
Restricted net2phone common stock withheld from employees for income tax obligations | |
$ | 3,558 | | |
$ | — | |
Value of Class B common stock exchanged for National Retail
Solutions shares | |
$ | 6,254 | | |
$ | — | |
Stock issued to certain executive officers for bonus payments | |
$ | — | | |
$ | 615 | |
See accompanying notes to consolidated financial statements.
IDT CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Unaudited)
Note
1—Basis of Presentation
The
accompanying unaudited consolidated financial statements of IDT Corporation and its subsidiaries (the “Company” or
“IDT”) have been prepared in accordance with accounting principles generally accepted in the United States of America
(“U.S. GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X.
Accordingly, they do not include all of the information and notes required by U.S. GAAP for complete financial statements. In the
opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have
been included. Operating results for the three and six months ended January 31, 2024 are not necessarily indicative of the results
that may be expected for the fiscal year ending July 31, 2024. The balance sheet at July 31, 2023 has been derived from the
Company’s audited financial statements at that date but does not include all of the information and notes required by U.S.
GAAP for complete financial statements. For further information, please refer to the consolidated financial statements and footnotes
thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended July 31, 2023, as filed with the U.S.
Securities and Exchange Commission (the “SEC”).
The
Company’s fiscal year ends on July 31 of each calendar year. Each reference below to a fiscal year refers to the fiscal year ending
in the calendar year indicated (e.g., fiscal 2024 refers to the fiscal year ending July 31, 2024).
As
of January 31, 2024, the Company owned 94.0%
of the outstanding shares of its subsidiary,
net2phone 2.0, Inc. (“net2phone 2.0”), which owns and operates the net2phone segment, and 81.2%
of the outstanding shares of National Retail Solutions (“NRS”), and, on a fully diluted basis, assuming all the vesting criteria
related to various rights granted have been met and other assumptions, the Company would own 90.8%
of net2phone 2.0 and 78.9%
of NRS.
Reclassifications
From
and after August 1, 2023, the Company includes depreciation and amortization in “Direct cost of revenues” and
“Selling, general and administrative” expense and is reporting gross profit (in accordance with U.S. GAAP) in the
consolidated statements of income. Prior to August 1, 2023, depreciation and amortization was a separate caption in the consolidated
statements of income. Depreciation and amortization expense of $5.0
million in the three months ended January 31, 2023 was reclassified to conform to the current year’s presentation as follows:
$1.1
million was reclassified to “Direct cost of revenues” and $3.9
million was reclassified to “Selling, general and administrative” expense, and depreciation and amortization expense of
$9.8
million in the six months ended January 31, 2023 was reclassified to conform to the current year’s presentation as follows:
$2.1
million was reclassified to “Direct cost of revenues” and $7.7
million was reclassified to “Selling, general and administrative” expense.
In
the consolidated statements of cash flows, cash provided by “Trade accounts receivable” in the six months ended January 31,
2023 of $13.8 million was reclassified to “Settlement assets, disbursement prefunding, prepaid expenses, other current assets,
and other assets” to conform to the current year’s presentation.
Recently
Adopted Accounting Standard
On
August 1, 2023, the Company adopted Accounting Standards Update (“ASU”) No. 2016-13, Financial Instruments—Credit
Losses (Topic 326), Measurement of Credit Losses on Financial Instruments, that changed the impairment model for most financial
assets and certain other instruments. For receivables, entities are required to use a new forward-looking current expected credit loss
model to determine its allowance for credit losses, which replaced the allowance for doubtful accounts. When determining the allowance
for credit losses for its trade accounts receivable, the Company considers the probability of recoverability of accounts receivable based
on past experience, taking into account current collection trends and general economic factors, including bankruptcy rates. The Company
also considers future economic trends to estimate expected credit losses over the lifetime of the asset. Credit risks will be assessed
based on historical write-offs, net of recoveries, as well as an analysis of the aged accounts receivable balances with allowances generally
increasing as the receivable ages. Accounts receivable may be fully reserved for when specific collection issues are known to exist,
such as pending bankruptcies. Account balances are written off against the allowance when it is determined that the receivable will not
be recovered. For available-for-sale debt securities with unrealized losses, the concept of “other-than-temporary” impairment
was replaced by a determination whether any impairment is a result of a credit loss or other factors. The portion of the unrealized loss
that is the result of a credit loss is recognized as an allowance and a corresponding expense recorded in “Other income (expense), net”
in the consolidated statements of income. Unrealized loss that is not the result of a credit loss is recorded in “Accumulated other
comprehensive loss” in the consolidated balance sheets. The adoption of the new standard did not have a material impact on the
Company’s consolidated financial statements, and it was not necessary to record a cumulative-effect adjustment to retained earnings
as of August 1, 2023.
Note
2—Business Segment Information
The
Company has four
reportable business segments, NRS, Fintech, net2phone, and Traditional Communications. Any items not included within, or allocated
to, one of the segments is presented under “Corporate.”
The
NRS segment is an operator of a nationwide point-of-sale (“POS”) network providing independent retailers with store management
software, electronic payment processing, and other ancillary merchant services. NRS’ POS platform provides marketers with digital
out-of-home advertising and transaction data.
The
Fintech segment is comprised of: (i) BOSS Money, a provider of international money remittance and related value/payment transfer
services; and (ii) other, significantly smaller, financial services businesses, including Leaf Global Fintech Corporation
(“Leaf”), a provider of digital wallet services in emerging markets, a variable interest entity that operates money
transfer businesses, and IDT Financial Services Limited (“IDT Financial Services”), the Company’s Gibraltar-based
bank.
The
net2phone segment is comprised of net2phone’s cloud communications and contact center offerings.
The
Traditional Communications segment includes: (i) IDT Digital Payments, which enables customers to transfer airtime and bundles of
airtime, messaging, and data to international and domestic mobile accounts; (ii) BOSS Revolution Calling, an international
long-distance calling service marketed primarily to immigrant communities in the United States and Canada; and (iii) IDT Global, a
wholesale provider of international voice and SMS termination and outsourced traffic management solutions to telecoms worldwide.
Traditional Communications also includes other small businesses and offerings including early-stage business initiatives and mature
businesses in harvest mode.
The
Company’s reportable segments are distinguished by types of service, customers, and methods used to provide their services. The
operating results of these business segments are regularly reviewed by the Company’s chief operating decision maker. The accounting
policies of the segments are the same as the accounting policies of the Company as a whole. There are no significant asymmetrical allocations
to segments. The Company evaluates the performance of its business segments based primarily on income (loss) from operations.
Corporate
costs mainly include compensation, consulting fees, treasury, tax and accounting services, human resources, corporate purchasing, corporate
governance including Board of Directors’ fees, internal and external audit, investor relations, corporate insurance, corporate
legal, and other corporate-related general and administrative expenses. Corporate does not generate any revenues, nor does it incur any
direct cost of revenues.
Operating
results for the business segments of the Company were as follows:
Schedule of Operating Results of Business Segments
(in thousands) | |
National Retail Solutions | | |
Fintech | | |
net2phone | | |
Traditional Communications | | |
Corporate | | |
Total | |
Three Months Ended January 31, 2024 | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Revenues | |
$ | 25,223 | | |
$ | 27,987 | | |
$ | 20,353 | | |
$ | 222,535 | | |
$ | — | | |
$ | 296,098 | |
Income (loss) from operations | |
| 5,349 | | |
| (736 | ) | |
| 367 | | |
| 14,618 | | |
| (3,581 | ) | |
| 16,017 | |
Depreciation and amortization: | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Included in “Direct cost of revenues” | |
| 483 | | |
| 62 | | |
| 600 | | |
| 185 | | |
| — | | |
| 1,330 | |
Included in “Selling, general and administrative expense” | |
| 294 | | |
| 662 | | |
| 952 | | |
| 1,844 | | |
| 17 | | |
| 3,769 | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Three Months Ended January 31, 2023 | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Revenues | |
$ | 19,822 | | |
$ | 20,321 | | |
$ | 17,794 | | |
$ | 255,999 | | |
$ | — | | |
$ | 313,936 | |
Income (loss) from operations | |
| 5,374 | | |
| (806 | ) | |
| (575 | ) | |
| 17,008 | | |
| (2,820 | ) | |
| 18,181 | |
Depreciation and amortization: | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Included in “Direct cost of revenues” | |
| 357 | | |
| 21 | | |
| 536 | | |
| 191 | | |
| — | | |
| 1,105 | |
Included in “Selling, general and administrative expense” | |
| 237 | | |
| 637 | | |
| 855 | | |
| 2,160 | | |
| 18 | | |
| 3,907 | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Six Months Ended January 31, 2024 | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Revenues | |
$ | 49,217 | | |
$ | 54,550 | | |
$ | 40,280 | | |
$ | 453,255 | | |
$ | — | | |
$ | 597,302 | |
Income (loss) from operations | |
| 10,810 | | |
| (2,120 | ) | |
| 360 | | |
| 30,024 | | |
| (5,891 | ) | |
| 33,183 | |
Depreciation and amortization: | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Included in “Direct cost of revenues” | |
| 933 | | |
| 85 | | |
| 1,199 | | |
| 369 | | |
| — | | |
| 2,586 | |
Included in “Selling, general and administrative expense” | |
| 579 | | |
| 1,333 | | |
| 1,792 | | |
| 3,807 | | |
| 49 | | |
| 7,560 | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Six Months Ended January 31, 2023 | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Revenues | |
$ | 39,135 | | |
$ | 40,208 | | |
$ | 34,744 | | |
$ | 521,665 | | |
$ | — | | |
$ | 635,752 | |
Income (loss) from operations | |
| 10,605 | | |
| 706 | | |
| (1,631 | ) | |
| 34,271 | | |
| (5,544 | ) | |
| 38,407 | |
Depreciation and amortization: | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Included in “Direct cost of revenues” | |
| 676 | | |
| 45 | | |
| 1,034 | | |
| 384 | | |
| — | | |
| 2,139 | |
Included in “Selling, general and administrative expense” | |
| 395 | | |
| 1,235 | | |
| 1,709 | | |
| 4,287 | | |
| 36 | | |
| 7,662 | |
Total depreciation and amortization | |
| 395 | | |
| 1,235 | | |
| 1,709 | | |
| 4,287 | | |
| 36 | | |
| 7,662 | |
Note
3—Revenue Recognition
The
Company earns revenue from contracts with customers, primarily through the provision of retail telecommunications and payment offerings
as well as wholesale international voice and SMS termination. BOSS Money, NRS, and net2phone are technology-driven, synergistic businesses
that leverage the Company’s core assets. BOSS Money’s and NRS’ revenues are primarily recognized at a point in time,
and net2phone’s revenue is mainly recognized over time. Traditional Communications are mostly minute-based, paid-voice communications
services, and revenue is primarily recognized at a point in time. The Company’s most significant revenue streams are from IDT Digital
Payments, BOSS Revolution Calling, and IDT Global. IDT Digital Payments and BOSS Revolution Calling are sold direct-to-consumer and through
distributors and retailers.
Disaggregated
Revenues
The
following table shows the Company’s revenues disaggregated by business segment and service offered to customers:
Schedule of Revenues Disaggregated by Business Segment and Service Offered to Customers
| |
2024 | | |
2023 | | |
2024 | | |
2023 | |
| |
Three Months Ended January 31, | | |
Six Months Ended January 31, | |
| |
2024 | | |
2023 | | |
2024 | | |
2023 | |
| |
(in thousands) | |
National Retail Solutions | |
$ | 25,223 | | |
$ | 19,822 | | |
$ | 49,217 | | |
$ | 39,135 | |
| |
| | | |
| | | |
| | | |
| | |
BOSS Money | |
| 25,039 | | |
| 17,649 | | |
| 49,278 | | |
| 35,203 | |
Other | |
| 2,948 | | |
| 2,672 | | |
| 5,272 | | |
| 5,005 | |
| |
| | | |
| | | |
| | | |
| | |
Total Fintech | |
| 27,987 | | |
| 20,321 | | |
| 54,550 | | |
| 40,208 | |
| |
| | | |
| | | |
| | | |
| | |
net2phone | |
| 20,353 | | |
| 17,794 | | |
| 40,280 | | |
| 34,744 | |
| |
| | | |
| | | |
| | | |
| | |
IDT Digital Payments | |
| 99,620 | | |
| 106,127 | | |
| 199,606 | | |
| 215,177 | |
BOSS Revolution Calling | |
| 66,703 | | |
| 82,831 | | |
| 137,925 | | |
| 169,083 | |
IDT Global | |
| 48,741 | | |
| 58,631 | | |
| 100,775 | | |
| 120,242 | |
Other | |
| 7,471 | | |
| 8,410 | | |
| 14,949 | | |
| 17,163 | |
| |
| | | |
| | | |
| | | |
| | |
Total Traditional Communications | |
| 222,535 | | |
| 255,999 | | |
| 453,255 | | |
| 521,665 | |
| |
| | | |
| | | |
| | | |
| | |
Total | |
$ | 296,098 | | |
$ | 313,936 | | |
$ | 597,302 | | |
$ | 635,752 | |
Revenues | |
$ | 296,098 | | |
$ | 313,936 | | |
$ | 597,302 | | |
$ | 635,752 | |
The
following table shows the Company’s revenues disaggregated by geographic region, which is determined based on selling location:
Schedule
of Revenues Disaggregated by Geographic Region
(in thousands) | |
National Retail Solutions | | |
Fintech | | |
net2phone | | |
Traditional Communications | | |
Total | |
Three Months Ended January 31, 2024 | |
| | | |
| | | |
| | | |
| | | |
| | |
United States | |
$ | 25,223 | | |
$ | 26,901 | | |
$ | 10,700 | | |
$ | 163,774 | | |
$ | 226,598 | |
Outside the United States: | |
| | | |
| | | |
| | | |
| | | |
| | |
United Kingdom | |
| — | | |
| — | | |
| — | | |
| 50,390 | | |
| 50,390 | |
Other | |
| — | | |
| 1,086 | | |
| 9,653 | | |
| 8,371 | | |
| 19,110 | |
| |
| | | |
| | | |
| | | |
| | | |
| | |
Total outside the United States | |
| — | | |
| 1,086 | | |
| 9,653 | | |
| 58,761 | | |
| 69,500 | |
| |
| | | |
| | | |
| | | |
| | | |
| | |
Total | |
$ | 25,223 | | |
$ | 27,987 | | |
$ | 20,353 | | |
$ | 222,535 | | |
$ | 296,098 | |
Revenues | |
$ | 25,223 | | |
$ | 27,987 | | |
$ | 20,353 | | |
$ | 222,535 | | |
$ | 296,098 | |
(in thousands) | |
National Retail Solutions | | |
Fintech | | |
net2phone | | |
Traditional Communications | | |
Total | |
Three Months Ended January 31, 2023 | |
| | | |
| | | |
| | | |
| | | |
| | |
United States | |
$ | 19,822 | | |
$ | 19,612 | | |
$ | 9,514 | | |
$ | 176,424 | | |
$ | 225,372 | |
Outside the United States: | |
| | | |
| | | |
| | | |
| | | |
| | |
United Kingdom | |
| — | | |
| — | | |
| — | | |
| 69,000 | | |
| 69,000 | |
Other | |
| — | | |
| 709 | | |
| 8,280 | | |
| 10,575 | | |
| 19,564 | |
| |
| | | |
| | | |
| | | |
| | | |
| | |
Total outside the United States | |
| — | | |
| 709 | | |
| 8,280 | | |
| 79,575 | | |
| 88,564 | |
| |
| | | |
| | | |
| | | |
| | | |
| | |
Total | |
$ | 19,822 | | |
$ | 20,321 | | |
$ | 17,794 | | |
$ | 255,999 | | |
$ | 313,936 | |
Revenues | |
$ | 19,822 | | |
$ | 20,321 | | |
$ | 17,794 | | |
$ | 255,999 | | |
$ | 313,936 | |
(in thousands) | |
National Retail Solutions | | |
Fintech | | |
net2phone | | |
Traditional Communications | | |
Total | |
Six Months Ended January 31, 2024 | |
| | | |
| | | |
| | | |
| | | |
| | |
United States | |
$ | 49,217 | | |
$ | 52,734 | | |
$ | 21,388 | | |
$ | 326,842 | | |
$ | 450,181 | |
Outside the United States: | |
| | | |
| | | |
| | | |
| | | |
| | |
United Kingdom | |
| — | | |
| — | | |
| — | | |
| 109,232 | | |
| 109,232 | |
Other | |
| — | | |
| 1,816 | | |
| 18,892 | | |
| 17,181 | | |
| 37,889 | |
| |
| | | |
| | | |
| | | |
| | | |
| | |
Total outside the United States | |
| — | | |
| 1,816 | | |
| 18,892 | | |
| 126,413 | | |
| 147,121 | |
| |
| | | |
| | | |
| | | |
| | | |
| | |
Total | |
$ | 49,217 | | |
$ | 54,550 | | |
$ | 40,280 | | |
$ | 453,255 | | |
$ | 597,302 | |
Revenues | |
$ | 49,217 | | |
$ | 54,550 | | |
$ | 40,280 | | |
$ | 453,255 | | |
$ | 597,302 | |
(in thousands) | |
National Retail Solutions | | |
Fintech | | |
net2phone | | |
Traditional Communications | | |
Total | |
Six Months Ended January 31, 2023 | |
| | | |
| | | |
| | | |
| | | |
| | |
United States | |
$ | 39,135 | | |
$ | 38,867 | | |
$ | 18,316 | | |
$ | 361,262 | | |
$ | 457,580 | |
Outside the United States: | |
| | | |
| | | |
| | | |
| | | |
| | |
United Kingdom | |
| — | | |
| — | | |
| — | | |
| 137,940 | | |
| 137,940 | |
Other | |
| — | | |
| 1,341 | | |
| 16,428 | | |
| 22,463 | | |
| 40,232 | |
| |
| | | |
| | | |
| | | |
| | | |
| | |
Total outside the United States | |
| — | | |
| 1,341 | | |
| 16,428 | | |
| 160,403 | | |
| 178,172 | |
| |
| | | |
| | | |
| | | |
| | | |
| | |
Total | |
$ | 39,135 | | |
$ | 40,208 | | |
$ | 34,744 | | |
$ | 521,665 | | |
$ | 635,752 | |
Revenues | |
$ | 39,135 | | |
$ | 40,208 | | |
$ | 34,744 | | |
$ | 521,665 | | |
$ | 635,752 | |
Remaining
Performance Obligations
The
following table includes revenue by business segment expected to be recognized in the future from performance obligations that were unsatisfied
or partially unsatisfied as of January 31, 2024. The table excludes contracts that had an original expected duration of one year or less.
Schedule of Estimated Revenue by Business Segment
(in
thousands) | |
National Retail Solutions | | |
net2phone | | |
Total | |
Twelve-month period ending January 31: | |
| | | |
| | | |
| | |
2025 | |
$ | 5,896 | | |
$ | 38,854 | | |
$ | 44,750 | |
2026 | |
| 4,940 | | |
| 18,769 | | |
| 23,709 | |
Thereafter | |
| 4,838 | | |
| 6,213 | | |
| 11,051 | |
| |
| | | |
| | | |
| | |
Total | |
$ | 15,674 | | |
$ | 63,836 | | |
$ | 79,510 | |
Accounts
Receivable and Contract Balances
The
timing of revenue recognition may differ from the time of billing to the Company’s customers. Trade accounts receivable in the
Company’s consolidated balance sheets represent unconditional rights to consideration. The Company would record a contract asset
when revenue is recognized in advance of its right to bill and receive consideration. The Company has not currently identified any contract
assets.
Contract
liabilities arise when the Company receives consideration or bills its customers prior to providing the goods or services promised in
the contract. The Company’s contract liability balance is primarily payments received for prepaid BOSS Revolution Calling. Contract
liabilities are recognized as revenue when services are provided to the customer. The contract liability balances are presented in the
Company’s consolidated balance sheets as “Deferred revenue”.
The
following table presents information about the Company’s contract liability balance:
Schedule of Information About Contract Liabilities
| |
2024 | | |
2023 | | |
2024 | | |
2023 | |
| |
Three Months Ended January 31, | | |
Six Months Ended January 31, | |
| |
2024 | | |
2023 | | |
2024 | | |
2023 | |
| |
(in thousands) | |
Revenue recognized in the period from amounts included in the contract liability balance at the beginning of the period | |
$ | 15,803 | | |
$ | 17,072 | | |
$ | 19,605 | | |
$ | 21,205 | |
Deferred
Customer Contract Acquisition and Fulfillment Costs
The
Company recognizes as an asset its incremental costs of obtaining a contract with a customer that it expects to recover. The Company’s
incremental costs of obtaining a contract with a customer are sales commissions paid to employees and third parties on sales to end users.
If the amortization period were one year or less for the asset that would be recognized from deferring these costs, the Company applies
the practical expedient whereby the Company charges these costs to expense when incurred. For net2phone sales, the Company defers these
costs and amortizes them over the expected customer relationship period when it is expected to exceed one year.
The
Company’s costs to fulfill its contracts do not meet the criteria to be recognized as an asset, therefore these costs are charged
to expense as incurred.
The
Company’s deferred customer contract acquisition costs were as follows:
Schedule of Deferred Customer Contract Acquisition Costs
| |
January 31, 2024 | | |
July 31, 2023 | |
| |
(in thousands) | |
Deferred customer contract acquisition costs included in “Other current assets” | |
$ | 4,197 | | |
$ | 4,460 | |
Deferred customer contract acquisition costs included in “Other assets” | |
| 3,871 | | |
| 3,734 | |
| |
| | | |
| | |
Total | |
$ | 8,068 | | |
$ | 8,194 | |
The
Company’s amortization of deferred customer contract acquisition costs during the periods were as follows:
Schedule of Amortization of Deferred Customer Contract Acquisition Costs
| |
2024 | | |
2023 | | |
2024 | | |
2023 | |
| |
Three Months Ended January 31, | | |
Six Months Ended January 31, | |
| |
2024 | | |
2023 | | |
2024 | | |
2023 | |
| |
(in thousands) | |
Amortization of deferred customer contract acquisition costs | |
$ | 1,194 | | |
$ | 1,228 | | |
$ | 2,409 | | |
$ | 2,405 | |
Note
4—Leases
The
Company’s leases primarily consist of operating leases for office space. These leases have remaining terms from less than one
year to six
years. Certain of these leases contain renewal options that may be exercised and/or options to terminate the lease. The
Company has concluded that it is not reasonably certain that it would exercise any of these options.
net2phone
is the lessee under equipment leases that are classified as finance leases. The assets and liabilities related to these finance leases
are not material to the Company’s consolidated balance sheets.
Supplemental
disclosures related to the Company’s operating leases were as follows:
Schedule of Supplemental Disclosures Related to the Company's Operating Leases
| |
2024 | | |
2023 | | |
2024 | | |
2023 | |
| |
Three Months Ended January 31, | | |
Six Months Ended January 31, | |
| |
2024 | | |
2023 | | |
2024 | | |
2023 | |
| |
(in thousands) | |
Operating lease cost | |
$ | 734 | | |
$ | 799 | | |
$ | 1,492 | | |
$ | 1,566 | |
Short-term lease cost | |
| 132 | | |
| 259 | | |
| 459 | | |
| 528 | |
| |
| | | |
| | | |
| | | |
| | |
Total lease cost | |
$ | 866 | | |
$ | 1,058 | | |
$ | 1,951 | | |
$ | 2,094 | |
| |
| | | |
| | | |
| | | |
| | |
Cash paid for amounts included in the measurement of lease liabilities: | |
| | | |
| | | |
| | | |
| | |
Operating cash flows from operating leases | |
$ | 724 | | |
$ | 824 | | |
$ | 1,515 | | |
$ | 1,588 | |
Cash paid for amounts included
in the measurement of lease liabilities: Operating cash flows from operating leases | |
| 724 | | |
| 824 | | |
| 1,515 | | |
| 1,588 | |
Schedule of Supplemental Disclosures Related Weighted Average Operating Leases
| |
January 31, 2024 | | |
July 31, 2023 | |
Weighted-average remaining lease term-operating leases | |
| 2.6 years | | |
| 2.3 years | |
| |
| | | |
| | |
Weighted-average discount rate-operating leases | |
| 4.3 | % | |
| 3.7 | % |
In
the six months ended January 31, 2024 and 2023, the Company obtained right-of-use assets of $0.9 million and $1.7 million, respectively,
in exchange for new operating lease liabilities.
The
Company’s aggregate operating lease liability was as follows:
Schedule of Aggregate Operating Lease Liability
| |
January 31, 2024 | | |
July 31, 2023 | |
| |
(in thousands) | |
Operating lease liabilities included in “Other current liabilities” | |
$ | 2,810 | | |
$ | 2,861 | |
Operating lease liabilities included in noncurrent liabilities | |
| 2,448 | | |
| 2,881 | |
| |
| | | |
| | |
Total | |
$ | 5,258 | | |
$ | 5,742 | |
Future
minimum maturities of operating lease liabilities were as follows:
Schedule of Future Minimum Maturities of Operating Lease Liabilities
(in thousands) | |
| |
Twelve-month period ending January 31: | |
| | |
2025 | |
$ | 2,988 | |
2026 | |
| 1,344 | |
2027 | |
| 636 | |
2028 | |
| 320 | |
2029 | |
| 183 | |
Thereafter | |
| 152 | |
| |
| | |
Total lease payments | |
| 5,623 | |
Less imputed interest | |
| (365 | ) |
| |
| | |
Total operating lease liabilities | |
$ | 5,258 | |
Note
5—Cash, Cash Equivalents, and Restricted Cash and Cash Equivalents
The
following table provides a reconciliation of cash, cash equivalents, and restricted cash and cash equivalents reported in the consolidated
balance sheets that equals the total of the same amounts reported in the consolidated statements of cash flows:
Schedule of Cash, Cash Equivalents, and Restricted Cash and Cash Equivalents
| |
January 31, 2024 | | |
July 31, 2023 | |
| |
(in thousands) | |
Cash and cash equivalents | |
$ | 141,081 | | |
$ | 103,637 | |
Restricted cash and cash equivalents | |
| 93,231 | | |
| 95,186 | |
| |
| | | |
| | |
Total cash, cash equivalents, and restricted cash and cash equivalents | |
$ | 234,312 | | |
$ | 198,823 | |
At
January 31, 2024 and July 31, 2023, restricted cash and cash equivalents included $88.2 million and $87.3 million, respectively, in restricted
cash and cash equivalents for customer deposits held by IDT Financial Services. Certain of the electronic money financial services regulations
in Gibraltar require IDT Financial Services to safeguard cash held for customer deposits, segregate cash held for customer deposits from
any other cash that IDT Financial Services holds and utilize the cash only for the intended payment transaction.
Company
Restricted Cash and Cash Equivalents
The
Company treats unrestricted cash and cash equivalents held by IDT Payment Services, Inc. and IDT Payment Services of New York, LLC, which
provide the Company’s international money transfer services in the United States, as substantially restricted and unavailable for
other purposes. At January 31, 2024 and July 31, 2023, “Cash and cash equivalents” in the Company’s consolidated balance
sheets included an aggregate of $39.8 million and $20.6 million, respectively, held by IDT Payment Services, Inc. and IDT Payment Services
of New York, LLC, that was unavailable for other purposes.
Note
6—Debt Securities
The
following is a summary of available-for-sale debt securities:
Schedule of Available-for-sale Securities
| |
Amortized Cost | | |
Gross Unrealized Gains | | |
Gross Unrealized Losses | | |
Fair Value | |
| |
(in thousands) | |
January 31, 2024: | |
| | | |
| | | |
| | | |
| | |
Certificates of deposit* | |
$ | 960 | | |
$ | — | | |
$ | — | | |
$ | 960 | |
U.S. Treasury bills and notes | |
| 23,738 | | |
| 12 | | |
| (76 | ) | |
| 23,674 | |
Government sponsored enterprise notes | |
| | |
| | |
| ) | |
| |
Corporate bonds | |
| 3,901 | | |
| 1 | | |
| (376 | ) | |
| 3,526 | |
| |
| | | |
| | | |
| | | |
| | |
Total | |
$ | 31,860 | | |
$ | 14 | | |
$ | (455 | ) | |
$ | 31,419 | |
| |
| | | |
| | | |
| | | |
| | |
July 31, 2023: | |
| | | |
| | | |
| | | |
| | |
Certificates of deposit* | |
$ | 4,080 | | |
$ | — | | |
$ | (4 | ) | |
$ | 4,076 | |
U.S. Treasury bills and notes | |
| 31,186 | | |
| — | | |
| (148 | ) | |
| 31,038 | |
Government sponsored enterprise notes | |
| | |
| | |
| ) | |
| |
Corporate bonds | |
| 3,912 | | |
| — | | |
| (485 | ) | |
| 3,427 | |
| |
| | | |
| | | |
| | | |
| | |
Total | |
$ | 43,059 | | |
$ | — | | |
$ | (645 | ) | |
$ | 42,414 | |
The
gross unrealized losses in the table above are recorded in “Accumulated other comprehensive loss” in the consolidated
balance sheets. As of January 31, 2024, the Company determined that the unrealized losses were due to changes in interest rates or
market liquidity and were not due to credit losses. In addition, as of January 31, 2024 and July 31, 2023, the Company did not
intend to sell any of the securities with unrealized losses, and it is not more likely than not that the Company
will be required to sell any of these securities before recovery of the unrealized losses, which may be at maturity.
Proceeds
from maturities and sales of debt securities and redemptions of equity investments were $14.2 million and $16.1 million in the three
months ended January 31, 2024 and 2023, respectively, and $31.2 million and $27.5 million in the six months ended January 31, 2024 and
2023, respectively. There were no realized gains or realized losses from sales of debt securities in the three and six months ended January
31, 2024 and 2023. The Company uses the specific identification method in computing the realized gains and realized losses on the sales
of debt securities.
The
contractual maturities of the Company’s available-for-sale debt securities at January 31, 2024 were as follows:
Schedule of Contractual Maturities of Available-for-sale Debt Securities
| |
Fair Value | |
| |
(in thousands) | |
Within one year | |
$ | 23,087 | |
After one year through five years | |
| 7,496 | |
After five years through ten years | |
| 808 | |
After ten years | |
| 28 | |
| |
| | |
Total | |
$ | 31,419 | |
The
following available-for-sale debt securities were in an unrealized loss position for which other-than-temporary impairments were not
recognized:
Schedule of Available-for-sale Securities, Unrealized Loss Position
| |
Unrealized Losses | | |
Fair Value | |
| |
(in thousands) | |
January 31, 2024: | |
| | | |
| | |
Certificates of deposit | |
$ | — | | |
$ | — | |
U.S. Treasury bills and notes | |
| 76 | | |
| 21,754 | |
Government sponsored enterprise notes | |
| | |
| |
Corporate bonds | |
| 376 | | |
| 3,384 | |
| |
| | | |
| | |
Total | |
$ | 455 | | |
$ | 28,048 | |
| |
| | | |
| | |
July 31, 2023: | |
| | | |
| | |
Certificates of deposit | |
$ | 4 | | |
$ | 3,356 | |
U.S. Treasury bills and notes | |
| 148 | | |
| 31,038 | |
Government sponsored enterprise notes | |
| | |
| |
Corporate bonds | |
| 485 | | |
| 3,368 | |
| |
| | | |
| | |
Total | |
$ | 645 | | |
$ | 41,635 | |
The
following available-for-sale debt securities included in the table above were in a continuous unrealized loss position for 12 months
or longer:
Schedule of Continuous Unrealized Loss Position for 12 Months or Longer
| |
Unrealized Losses | | |
Fair Value | |
| |
(in thousands) | |
January 31, 2024: | |
| | | |
| | |
U.S. Treasury bills and notes | |
$ | 63 | | |
$ | 2,837 | |
Corporate bonds | |
| 376 | | |
| 3,384 | |
| |
| | | |
| | |
Total | |
$ | 439 | | |
$ | 6,221 | |
| |
| | | |
| | |
July 31, 2023: | |
| | | |
| | |
U.S. Treasury bills and notes | |
$ | 86 | | |
$ | 816 | |
Corporate bonds | |
| 484 | | |
| 3,299 | |
| |
| | | |
| | |
Total | |
$ | 570 | | |
$ | 4,115 | |
Note
7—Equity Investments
Equity
investments consist of the following:
Schedule of Equity Investments
| |
| | | |
| | |
| |
January 31, 2024 | | |
July 31, 2023 | |
| |
(in thousands) | |
Zedge, Inc. Class B common stock, 42,282 shares at January 31, 2024 and July 31, 2023 | |
$ | 138 | | |
$ | 89 | |
Rafael Holdings, Inc. Class B common stock, 278,810 shares at January 31, 2024 and July 31, 2023 | |
| 505 | | |
| 558 | |
Other marketable equity securities | |
| 188 | | |
| 1,497 | |
Fixed income mutual funds | |
| 4,245 | | |
| 4,054 | |
| |
| | | |
| | |
Current equity investments | |
$ | 5,076 | | |
$ | 6,198 | |
| |
| | | |
| | |
Visa Inc. Series C Convertible Participating Preferred Stock (“Visa Series C Preferred”) | |
$ | 1,450 | | |
$ | 1,263 | |
Convertible preferred stock—equity method investment | |
| 1,932 | | |
| 2,784 | |
Hedge funds | |
| 2,951 | | |
| 3,002 | |
Other | |
| 1,225 | | |
| 2,825 | |
| |
| | | |
| | |
Noncurrent equity investments | |
$ | 7,558 | | |
$ | 9,874 | |
Howard
S. Jonas, the Chairman of the Company and the Chairman of the Company’s Board of Directors, is also the Vice-Chairman of the Board
of Directors of Zedge, Inc. and the Chairman of the Board of Directors and Executive Chairman of Rafael Holdings, Inc.
The
changes in the carrying value of the Company’s equity investments without readily determinable fair values for which the Company
elected the measurement alternative was as follows:
Schedule of Carrying Value of Equity Investments
| |
2024 | | |
2023 | | |
2024 | | |
2023 | |
| |
Three Months Ended January 31, | | |
Six Months Ended January 31, | |
| |
2024 | | |
2023 | | |
2024 | | |
2023 | |
| |
(in thousands) | |
Balance, beginning of period | |
$ | 1,747 | | |
$ | 1,474 | | |
$ | 1,632 | | |
$ | 1,501 | |
Adjustment for observable transactions involving a similar investment from the same issuer | |
| 202 | | |
| 120 | | |
| 187 | | |
| 93 | |
Upward adjustment | |
| — | | |
| — | | |
| 130 | | |
| — | |
Redemption | |
| (230 | ) | |
| — | | |
| (230 | ) | |
| — | |
Impairments | |
| — | | |
| — | | |
| — | | |
| — | |
| |
| | | |
| | | |
| | | |
| | |
Balance, end of the period | |
$ | 1,719 | | |
$ | 1,594 | | |
$ | 1,719 | | |
$ | 1,594 | |
The
Company increased the carrying value of the shares of Visa Series C Preferred it held based on the fair value of Visa Class
A common stock, including a discount for lack of current marketability, which is classified as “Adjustment for observable transactions
involving a similar investment from the same issuer” in the table above. In addition, in connection with the acquisition of Regal
Bancorp by SR Bancorp, the Company received cash of $0.2 million in December 2023 in exchange for its shares of Regal Bancorp common
stock.
Unrealized gains (losses) for all equity investments measured at fair
value included the following:
Schedule
of Unrealized Gains (losses) Gains for All Equity Investments
| |
2024 | | |
2023 | | |
2024 | | |
2023 | |
| |
Three Months Ended January 31, | | |
Six Months Ended January 31, | |
| |
2024 | | |
2023 | | |
2024 | | |
2023 | |
| |
(in thousands) | |
Net gains (losses) recognized during the period on equity investments | |
$ | 715 | | |
$ | (228 | ) | |
$ | (202 | ) | |
$ | (2,169 | ) |
Less: net gains recognized during the period on equity investments sold during the period | |
| — | | |
| 22 | | |
| 130 | | |
| 18 | |
| |
| | | |
| | | |
| | | |
| | |
Unrealized gains (losses) recognized during the period on equity investments still held at the reporting date | |
$ | 715 | | |
$ | (250 | ) | |
$ | (332 | ) | |
$ | (2,187 | ) |
The
unrealized gains and losses for all equity investments measured at fair value in the table above included the following:
| |
2024 | | |
2023 | | |
2024 | | |
2023 | |
| |
Three Months Ended January 31, | | |
Six Months Ended January 31, | |
| |
2024 | | |
2023 | | |
2024 | | |
2023 | |
| |
(in thousands) | |
Unrealized gains (losses) recognized during the period on equity investments: | |
| | | |
| | | |
| | | |
| | |
Rafael Class B common stock | |
$ | 9 | | |
$ | 82 | | |
$ | (53 | ) | |
$ | 9 | |
| |
| | | |
| | | |
| | | |
| | |
Zedge Class B common stock | |
$ | 57 | | |
$ | 3 | | |
$ | 49 | | |
$ | (24 | ) |
Unrealized losses recognized during the period on equity investments still held at the reporting date | |
$ | 715 | | |
$ | (250 | ) | |
$ | (332 | ) | |
$ | (2,187 | ) |
Equity
Method Investment
The
Company has an investment in shares of convertible preferred stock of a communications company (the equity method investee, or “EMI”).
As of January 31, 2024 and July 31, 2023, the Company’s ownership was 33.4% and 33.3%, respectively, of the EMI’s outstanding
shares on an as converted basis. The Company accounts for this investment using the equity method since the Company can exercise significant
influence over the operating and financial policies of the EMI but does not have a controlling interest.
The
Company determined that on the dates of the acquisitions of the EMI’s shares, there were differences between its investment in
the EMI and its proportional interest in the equity of the EMI of an aggregate of $8.2 million, which represented the share of the EMI’s
customer list on the dates of the acquisitions attributed to the Company’s interest in the EMI. These basis differences are being
amortized over the 6-year estimated life of the customer list. In the accompanying consolidated statements of income, amortization of
equity method basis difference is included in the equity in the net loss of investee, which is recorded in “Other income (expense), net” (see Note 17).
In
February 2024, each of the EMI’s shareholders (including the Company) agreed to purchase additional shares of the EMI’s
convertible preferred stock. The Company paid $0.3
million in February 2024 and is committed to pay $0.2
million in March 2024 to purchase the additional shares.
The
following table summarizes the change in the balance of the Company’s equity method investment:
Summary of Changes in Equity Method Investments
| |
2024 | | |
2023 | | |
2024 | | |
2023 | |
| |
Three Months Ended January 31, | | |
Six Months Ended January 31, | |
| |
2024 | | |
2023 | | |
2024 | | |
2023 | |
| |
(in thousands) | |
Balance, beginning of period | |
$ | 2,444 | | |
$ | 349 | | |
$ | 2,784 | | |
$ | 1,001 | |
Purchase of convertible preferred stock | |
| 336 | | |
| — | | |
| 1,009 | | |
| — | |
Equity in the net loss of investee | |
| (506 | ) | |
| (542 | ) | |
| (1,176 | ) | |
| (1,012 | ) |
Amortization of equity method basis difference | |
| (342 | ) | |
| (181 | ) | |
| (685 | ) | |
| (363 | ) |
| |
| | | |
| | | |
| | | |
| | |
Balance, end of the period | |
$ | 1,932 | | |
$ | (374 | ) | |
$ | 1,932 | | |
$ | (374 | ) |
Summarized
financial information of the EMI was as follows:
Summary of Statements of Operations
| |
2024 | | |
2023 | | |
2024 | | |
2023 | |
| |
Three Months Ended January 31, | | |
Six Months Ended January 31, | |
| |
2024 | | |
2023 | | |
2024 | | |
2023 | |
| |
(in thousands) | |
| |
| |
Revenues | |
$ | 5,087 | | |
$ | 1,818 | | |
$ | 7,821 | | |
$ | 3,691 | |
Costs and expenses: | |
| | | |
| | | |
| | | |
| | |
Direct cost of revenues | |
| 4,085 | | |
| 1,535 | | |
| 6,482 | | |
| 3,228 | |
Selling, general and administrative | |
| 2,385 | | |
| 1,772 | | |
| 4,570 | | |
| 3,408 | |
| |
| | | |
| | | |
| | | |
| | |
Total costs and expenses | |
| 6,470 | | |
| 3,307 | | |
| 11,052 | | |
| 6,636 | |
| |
| | | |
| | | |
| | | |
| | |
Loss from operations | |
| (1,383 | ) | |
| (1,489 | ) | |
| (3,231 | ) | |
| (2,945 | ) |
Other expense, net | |
| — | | |
| (498 | ) | |
| — | | |
| (842 | ) |
| |
| | | |
| | | |
| | | |
| | |
Net loss | |
$ | (1,383 | ) | |
$ | (1,987 | ) | |
$ | (3,231 | ) | |
$ | (3,787 | ) |
Note
8—Fair Value Measurements
The
following table presents the balance of assets and liabilities measured at fair value on a recurring basis:
Schedule of Balance of Assets Measured at Fair Value on a Recurring Basis
| |
Level 1 (1) | | |
Level 2 (2) | | |
Level 3 (3) | | |
Total | |
| |
(in thousands) | |
January 31, 2024 | |
| | | |
| | | |
| | | |
| | |
Debt securities | |
$ | 23,674 | | |
$ | 7,745 | | |
$ | — | | |
$ | 31,419 | |
Equity investments included in current assets | |
| 5,076 | | |
| — | | |
| — | | |
| 5,076 | |
Equity investments included in noncurrent assets | |
| — | | |
| 1,000 | | |
| 1,450 | | |
| 2,450 | |
| |
| | | |
| | | |
| | | |
| | |
Total | |
$ | 28,750 | | |
$ | 8,745 | | |
$ | 1,450 | | |
$ | 38,945 | |
| |
| | | |
| | | |
| | | |
| | |
Acquisition consideration included in: | |
| | | |
| | | |
| | | |
| | |
Other current liabilities | |
$ | — | | |
$ | — | | |
$ | (1,945 | ) | |
$ | (1,945 | ) |
Other noncurrent liabilities | |
| — | | |
| — | | |
| (2,572 | ) | |
| (2,572 | ) |
| |
| | | |
| | | |
| | | |
| | |
Total | |
$ | — | | |
$ | — | | |
$ | (4,517 | ) | |
$ | (4,517 | ) |
| |
| | | |
| | | |
| | | |
| | |
July 31, 2023 | |
| | | |
| | | |
| | | |
| | |
Debt securities | |
$ | 31,038 | | |
$ | 11,376 | | |
$ | — | | |
$ | 42,414 | |
Equity investments included in current assets | |
| 6,198 | | |
| — | | |
| — | | |
| 6,198 | |
Equity investments included in noncurrent assets | |
| — | | |
| 2,500 | | |
| 1,263 | | |
| 3,763 | |
| |
| | | |
| | | |
| | | |
| | |
Total | |
$ | 37,236 | | |
$ | 13,876 | | |
$ | 1,263 | | |
$ | 52,375 | |
| |
| | | |
| | | |
| | | |
| | |
Acquisition consideration included in: | |
| | | |
| | | |
| | | |
| | |
Other current liabilities | |
$ | — | | |
$ | — | | |
$ | (2,032 | ) | |
$ | (2,032 | ) |
Other noncurrent liabilities | |
| — | | |
| — | | |
| (2,773 | ) | |
| (2,773 | ) |
| |
| | | |
| | | |
| | | |
| | |
Total | |
$ | — | | |
$ | — | | |
$ | (4,805 | ) | |
$ | (4,805 | ) |
At
both January 31, 2024 and July 31, 2023, the Company had $3.0 million in investments in hedge funds, which were included in noncurrent
“Equity investments” in the accompanying consolidated balance sheets. The Company’s investments in hedge funds were
accounted for using the equity method, therefore they were not measured at fair value.
The
following table summarizes the change in the balance of the Company’s assets measured at fair value on a recurring basis using
significant unobservable inputs (Level 3):
Schedule of Assets Measured at Fair Value on a Recurring Basis Using Significant Unobservable Inputs (Level 3)
| |
2024 | | |
2023 | | |
2024 | | |
2023 | |
| |
Three Months Ended January 31, | | |
Six Months Ended January 31, | |
| |
2024 | | |
2023 | | |
2024 | | |
2023 | |
| |
(in thousands) | |
Balance, beginning of period | |
$ | 1,248 | | |
$ | 1,105 | | |
$ | 1,263 | | |
$ | 1,132 | |
Total gains included in “Other income (expense), net” | |
| 202 | | |
| 120 | | |
| 187 | | |
| 93 | |
| |
| | | |
| | | |
| | | |
| | |
Balance, end of period | |
$ | 1,450 | | |
$ | 1,225 | | |
$ | 1,450 | | |
$ | 1,225 | |
| |
| | | |
| | | |
| | | |
| | |
Change in unrealized gains or losses for the period included in earnings for assets held at the end of the period | |
$ | — | | |
$ | — | | |
$ | — | | |
$ | — | |
The
following table summarizes the change in the balance of the Company’s liabilities measured at fair value on a recurring basis using
significant unobservable inputs (Level 3):
Schedule of Liabilities Measured at Fair Value on a Recurring Basis Using Significant Unobservable Inputs (Level 3)
| |
2024 | | |
2023 | | |
2024 | | |
2023 | |
| |
Three Months Ended January 31, | | |
Six Months Ended January 31, | |
| |
2024 | | |
2023 | | |
2024 | | |
2023 | |
| |
(in thousands) | |
Balance, beginning of period | |
$ | 4,588 | | |
$ | 6,603 | | |
$ | 4,805 | | |
$ | 8,546 | |
Payments | |
| — | | |
| — | | |
| (214 | ) | |
| (375 | ) |
Total (gains) losses included in: | |
| | | |
| | | |
| | | |
| | |
“Other operating (expense) gain, net” | |
| (73 | ) | |
| — | | |
| (73 | ) | |
| (1,565 | ) |
“Foreign currency translation adjustment” | |
| 2 | | |
| 6 | | |
| (1 | ) | |
| 3 | |
| |
| | | |
| | | |
| | | |
| | |
Balance, end of period | |
$ | 4,517 | | |
$ | 6,609 | | |
$ | 4,517 | | |
$ | 6,609 | |
| |
| | | |
| | | |
| | | |
| | |
Change in unrealized gains or losses for the period included in earnings for liabilities held at the end of the period | |
$ | — | | |
$ | — | | |
$ | — | | |
$ | — | |
In the six months ended January 31, 2024 and 2023, the Company paid
an aggregate of $0.2 million and $0.4 million, respectively, for contingent consideration related to prior acquisitions. In addition,
in January 2024, the Company determined that the requirement for a contingent consideration payment related to an acquisition in a prior
period would not be met, and, in September 2022, the Company determined that the requirements for a portion of the contingent consideration
payments related to the Leaf acquisition would not be met. The Company recognized gains on the write-off of these contingent consideration
payment obligations, which were included in “Other operating (expense) gain, net” in the accompanying consolidated statements
of income.
Fair
Value of Other Financial Instruments
The
estimated fair value of the Company’s other financial instruments was determined using available market information or other appropriate
valuation methodologies. However, considerable judgment is required in interpreting these data to develop estimates of fair value. Consequently,
the estimates are not necessarily indicative of the amounts that could be realized or would be paid in a current market exchange.
Cash
and cash equivalents, restricted cash and cash equivalents, settlement assets, other current assets, customer deposits, settlement liabilities,
and other current liabilities. At January 31, 2024 and July 31, 2023, the carrying amount of these assets and liabilities approximated
fair value because of the short period of time to maturity. The fair value estimates for cash, cash equivalents, and restricted cash
and cash equivalents were classified as Level 1 and settlement assets, other current assets, customer deposits, settlement liabilities,
and other current liabilities were classified as Level 2 of the fair value hierarchy.
Other
assets and other liabilities. At January 31, 2024 and July 31, 2023, the carrying amount of these assets and liabilities approximated
fair value. The fair values were estimated based on the Company’s assumptions, which were classified as Level 3 of the fair value
hierarchy.
Note
9—Variable Interest Entity
The
Company is the primary beneficiary of a variable interest entity (“VIE”) that operates money transfer businesses. The Company
determined that, effective May 31, 2021, it had the power to direct the activities of the VIE that most significantly impact its economic
performance, and the Company has the obligation to absorb losses of and the right to receive benefits from the VIE that could potentially
be significant to it. As a result, the Company consolidates the VIE. The Company does not currently own any interest in the VIE and thus
the net income incurred by the VIE was attributed to noncontrolling interests in the accompanying consolidated statements of income.
The VIE’s net (loss) income and aggregate funding provided by
(repaid to) the Company were as follows:
Schedule
of Net (Loss) Income and Aggregate Funding to the Company by VIE
| |
2024 | | |
2023 | | |
2024 | | |
2023 | |
| |
Three Months Ended January 31, | | |
Six Months Ended January 31, | |
| |
2024 | | |
2023 | | |
2024 | | |
2023 | |
| |
(in thousands) | |
Net (loss) income of the VIE | |
$ | (107 | ) | |
$ | 25 | | |
$ | (26 | ) | |
$ | 165 | |
| |
| | | |
| | | |
| | | |
| | |
Aggregate funding provided by (repaid to) the Company, net | |
$ | 123 | | |
$ | (10 | ) | |
$ | 237 | | |
$ | 87 | |
The
VIE’s summarized consolidated balance sheet amounts are as follows:
VIE’s Summarized Consolidated Balance Sheet
| |
| | | |
| | |
| |
January 31, 2024 | | |
July 31, 2023 | |
| |
(in thousands) | |
Assets: | |
| | | |
| | |
Cash and equivalents | |
$ | 2,394 | | |
$ | 1,596 | |
Restricted cash | |
| 4,934 | | |
| 7,848 | |
Trade accounts receivable, net | |
| 90 | | |
| 62 | |
Disbursement prefunding | |
| 1,056 | | |
| 585 | |
Prepaid expenses | |
| 323 | | |
| 197 | |
Other current assets | |
| 255 | | |
| 317 | |
Property, plant, and equipment, net | |
| 166 | | |
| 272 | |
Other intangibles, net | |
| 661 | | |
| 737 | |
| |
| | | |
| | |
Total assets | |
$ | 9,879 | | |
$ | 11,614 | |
| |
| | | |
| | |
Liabilities and noncontrolling interests: | |
| | | |
| | |
Trade accounts payable | |
$ | 11 | | |
$ | — | |
Accrued expenses | |
| 334 | | |
| 70 | |
Settlement liabilities | |
| 5,336 | | |
| 7,573 | |
Due to the Company | |
| 263 | | |
| 26 | |
Accumulated other comprehensive income | |
| 37 | | |
| 21 | |
Noncontrolling interests | |
| 3,898 | | |
| 3,924 | |
| |
| | | |
| | |
Total liabilities and noncontrolling interests | |
$ | 9,879 | | |
$ | 11,614 | |
The
VIE’s assets may only be used to settle the VIE’s obligations and may not be used for other consolidated entities. The VIE’s
liabilities are non-recourse to the general credit of the Company’s other consolidated entities.
Note
10—Other Operating (Expense) Gain, Net
The
following table summarizes the other operating (expense) gain, net by business segment:
Schedule
of Other Operating (Expense) Gain, Net
| |
2024 | | |
2023 | | |
2024 | | |
2023 | |
| |
Three Months Ended January 31, | | |
Six Months Ended January 31, | |
| |
2024 | | |
2023 | | |
2024 | | |
2023 | |
| |
(in thousands) | |
Corporate—Straight Path Communications Inc. class action legal fees | |
$ | (2,552 | ) | |
$ | (1,597 | ) | |
$ | (2,764 | ) | |
$ | (4,109 | ) |
Corporate—Straight Path Communications Inc. class action insurance claims | |
| 2,186 | | |
| 1,263 | | |
| 2,869 | | |
| 2,988 | |
Corporate—other | |
| — | | |
| — | | |
| 12 | | |
| — | |
Fintech—write-off of contingent consideration liability | |
| — | | |
| — | | |
| — | | |
| 1,565 | |
Fintech— government grants | |
| — | | |
| 349 | | |
| — | | |
| 382 | |
net2phone—write-off of contingent consideration liability | |
| 73 | | |
| — | | |
| 73 | | |
| — | |
Traditional Communications— cable telephony customer indemnification claim | |
| — | | |
| (1 | ) | |
| — | | |
| (12 | ) |
Traditional Communications—other | |
| (1 | ) | |
| 3 | | |
| — | | |
| 2 | |
| |
| | | |
| | | |
| | | |
| | |
Total other operating (expense) gain, net | |
$ | (294 | ) | |
$ | 17 | | |
$ | 190 | | |
$ | 816 | |
Straight
Path Communications Inc. Class Action
As
discussed in Note 16, the Company (as well as other defendants) was named in a class action on behalf of the stockholders of the Company’s
former subsidiary, Straight Path Communications Inc. (“Straight Path”). The Company incurred legal fees and recorded offsetting
gains from insurance claims related to this action in the three and six months ended January 31, 2024 and 2023. On October 3, 2023, the
Court of Chancery of the State of Delaware dismissed all claims against the Company, and found that, contrary to the plaintiffs’
allegations, the class suffered no damages. The plaintiffs will have 30 days from entry of the final order to file an appeal.
Write-off
of Contingent Consideration Liability
In January 2024, the Company determined that the requirement for a contingent consideration payment related to
an acquisition in a prior period would not be met. In addition, in September 2022, the Company determined that the requirements for a
portion of the contingent consideration payments related to the Leaf acquisition would not be met. The Company recognized gains on the
write-off of these contingent consideration payment obligations in the net2phone and Fintech segments.
Government
Grants
In
the three and six months ended January 31, 2023, Leaf received payments from government grants for the development and commercialization
of blockchain-backed financial technologies.
Indemnification
Claim
Beginning
in June 2019, as part of a commercial resolution, the Company indemnified a cable telephony customer related to patent infringement claims
brought against the customer. On May 8, 2023, the Company and the customer agreed to release the Company from the indemnification agreement
in exchange for $3.9 million, which was recorded as an expense in the third quarter of fiscal 2023.
Note
11—Revolving Credit Facility
The
Company’s subsidiary, IDT Telecom, Inc. (“IDT Telecom”), entered into a credit agreement, dated as of May 17, 2021,
with TD Bank, N.A. for a revolving credit facility for up to a maximum principal amount of $25.0 million. As of July 28, 2023, IDT Telecom
and TD Bank, N.A. amended certain terms of the credit agreement. IDT Telecom may use the proceeds to finance working capital requirements
and for certain closing costs of the facility. At January 31, 2024 and July 31, 2023, there were no amounts outstanding under this facility.
In the six months ended January 31, 2024 and 2023, IDT Telecom borrowed and repaid an aggregate of $30.6 million and $2.4 million, respectively,
under the facility. The revolving credit facility is secured by primarily all of IDT Telecom’s assets. The principal outstanding
bears interest per annum at the secured overnight financing rate published by the Federal Reserve Bank of New York plus 10 basis points,
plus depending upon IDT Telecom’s leverage ratio as computed for the most recent fiscal quarter, 125 to 175 basis points. Interest
is payable monthly, and all outstanding principal and any accrued and unpaid interest is due on May 16, 2026. IDT Telecom pays a quarterly
unused commitment fee on the average daily balance of the unused portion of the $25.0 million commitment of 30 to 85 basis points, depending
upon IDT Telecom’s leverage ratio as computed for the most recent fiscal quarter. IDT Telecom is required to comply with various
affirmative and negative covenants as well as maintain certain targets based on financial ratios during the term of the revolving credit
facility. As of January 31, 2024 and July 31, 2023, IDT Telecom was in compliance with all of the covenants.
Note
12—Equity
2024
Equity Incentive Plan
On
December 13, 2023, the Company’s stockholders approved the adoption of the Company’s 2024 Equity Incentive Plan (the
“2024 Plan”), which is intended to provide incentives to officers, employees, directors, and consultants of the Company,
including stock options, stock appreciation rights, deferred stock units (“DSUs”), and restricted stock, from and after
September 16, 2024. There are 250,000
shares of the Company’s Class B common stock reserved for the grant of awards under the 2024 Plan.
2015
Stock Option and Incentive Plan
On
December 13, 2023, the Company’s stockholders approved an amendment to the Company’s 2015 Stock Option and Incentive Plan
(the “2015 Plan”) to increase the number of shares of the Company’s Class B common stock available for the grant of
awards thereunder by an additional 250,000 shares. The 2015 Plan is scheduled to expire on September 16, 2024.
In
both the six months ended January 31, 2024 and 2023, the Company received cash from the exercise of stock options of $0.2
million for which the Company issued 12,500
shares of its Class B common stock.
Stock
Repurchases
The
Company has an existing stock repurchase program authorized by its Board of Directors for the repurchase of shares of the Company’s
Class B common stock. The Board of Directors authorized the repurchase of up to 8.0 million shares in the aggregate. In the six months
ended January 31, 2024, the Company repurchased 135,261 shares of its Class B common stock for an aggregate purchase price of $3.2 million.
In the six months ended January 31, 2023, the Company repurchased 203,436 shares of its Class B common stock for an aggregate purchase
price of $5.0 million. At January 31, 2024, 4.6 million shares remained available for repurchase under the stock repurchase program.
In
the six months ended January 31, 2024 and 2023, the Company paid $15,000 and $0.3 million, respectively, to repurchase 654 and 13,403
shares, respectively, of the Company’s Class B common stock that were tendered by employees of the Company to satisfy the employees’
tax withholding obligations in connection with the vesting of DSUs, the lapsing of restrictions on restricted stock, and shares issued
for bonus payments. Such shares were repurchased by the Company based on their fair market value as of the close of business on the trading
day immediately prior to the vesting date.
Deferred
Stock Units Equity Incentive Program
On
November 30, 2022, the Company adopted an equity incentive program (under its 2015 Plan) in the form of grants of DSUs that, upon vesting,
will entitle the grantees to receive shares of the Company’s Class B common stock. The
number of shares that will be issuable on each vesting date will vary between 50% to 200% of the number of DSUs that vest on that vesting
date, depending on the market price for the underlying Class B common stock on the vesting date relative to the base price approved by
the Compensation Committee of the Company’s Board of Directors of $25.45 per share (which was based on the market price at the
time of the initial grants under this program). On
February 21, 2024, the second vesting date under the program, in accordance with the program and based on certain elections made by grantees,
the Company issued 53,706
shares of its Class B common stock for vested
DSUs. Subject to continued full time employment or other services to the Company, the remaining 147,540
DSUs are scheduled to vest on February 25, 2025,
the third and final vesting date under the program.
Amended and Restated Employment Agreement
with Abilio (“Bill”) Pereira
On December 21, 2023,
the Company entered into an Amended and Restated Employment Agreement with Bill Pereira, the Company’s President and Chief
Operating Officer. The agreement provides for, among other things, certain equity grants, including 23,500
DSUs that, upon vesting, represent the right to receive shares of the Company’s Class B common stock, and 50,000
shares of Class B common stock of net2phone 2.0, as well as a contingent bonus subject to the completion of certain financial
milestones as set forth in the agreement. The Company currently believes it is probable that some of the milestones will be
satisfied, and some of the contingent bonus will be earned, for which the contingent bonus may be paid, at Mr. Pereira’s
option, in either shares of the Company’s Class B common stock or cash. In the three and six months ended January 31, 2024,
the Company recorded an aggregate stock-based compensation expense of $1.4
million related to these equity grants and the contingent bonus, which is included in “Selling, general and administrative
expense” in the accompanying consolidated statements of income. At January 31, 2024, there was an aggregate of $0.4
million of total unrecognized compensation cost related to Mr. Pereira’s non-vested DSUs, which is expected to be recognized
over the remaining vesting period that ends in February 2025. Also at January 31, 2024, there was an aggregate of $2.0
million of total unrecognized compensation cost related to the probable portion of Mr. Pereira’s contingent bonus, which is
expected to be recognized over the estimated period that the Company expects the milestones to be satisfied, which ends in the first
quarter of fiscal 2025.
Exchange of NRS Shares for the Company’s
Shares
In January 2024,
three management employees of NRS exchanged shares of NRS’ Class B common stock that they held for shares of the
Company’s Class B common stock with an equal value. The NRS shares in the exchange represented an aggregate of 1.25%
of NRS’ outstanding shares, which were exchanged for an aggregate of 192,433
shares of the Company’s Class B common stock. The Company accounted for the exchange as an equity transaction and recorded a
decrease in “Noncontrolling interests” and an increase in “Additional paid-in capital” of $0.1
million, based on the carrying amount of the 1.25%
noncontrolling interest in NRS.
Restricted net2phone 2.0 Common Stock Repurchased
from Employees
In January 2024, the restrictions
lapsed on the 0.5 million restricted shares of net2phone 2.0 Class B common stock that were granted in December 2020 to each of Howard
S. Jonas and Shmuel Jonas, the Company’s Chief Executive Officer. In addition, in January 2024, Bill Pereira was granted 50,000
shares of net2phone 2.0 Class B common stock in connection with the agreement described above. The Company withheld a portion of these
shares representing an aggregate of 4.5% of the outstanding shares of net2phone 2.0 with an aggregate fair value of $3.6 million to satisfy
the grantees’ tax withholding obligations in connection with the lapsing of restrictions on restricted stock or the grant of shares.
The fair value per share of the net2phone 2.0 Class B common stock was based on a valuation of the business enterprise using a market
approach and income approach. The Company recorded an increase in “Noncontrolling interests” of $53,000 and a decrease in
“Additional paid-in capital” of $3.61 million, and an offsetting income tax withholding liability of $3.6 million.
Subsequent
Event—Dividend Payments
In
March 2024, the Company’s Board of Directors initiated a quarterly cash dividend of $0.05 per share on the Company’s Class
A and Class B common stock. The initial dividend will be paid on or about March 27, 2024 with a record date of March 19, 2024. The dividend
will supplement the Company’s existing stock repurchase program.
Note
13—Redeemable Noncontrolling Interest
On
September 29, 2021, NRS sold shares of its Class B common stock representing 2.5% of its outstanding capital stock on a fully diluted
basis to Alta Fox Opportunities Fund LP (“Alta Fox”) for cash of $10 million. Alta Fox has the right to request that NRS
redeem all or any portion of the NRS common shares that it purchased at the per share purchase price during a period of 182 days following
the fifth anniversary of this transaction. The redemption right shall terminate upon the consummation of (i) a sale of NRS or its assets
for cash or securities that are listed on a national securities exchange, (ii) a public offering of NRS’ securities, or (iii) a
distribution of NRS’ capital stock following which NRS’ common shares are listed on a national securities exchange.
The
shares of NRS’ Class B common stock sold to Alta Fox have been classified as mezzanine equity in the accompanying consolidated
balance sheets because they may be redeemed at the option of Alta Fox, although the shares are not mandatorily redeemable. The carrying
amount of the shares includes the noncontrolling interest in the net income of NRS. The net income attributable to the mezzanine equity’s
noncontrolling interest during the periods were as follows:
Schedule of Net Income Attributable to Mezzanine Equity’s Noncontrolling Interest
| |
2024 | | |
2023 | | |
2024 | | |
2023 | |
| |
Three Months Ended January 31, | | |
Six Months Ended January 31, | |
| |
2024 | | |
2023 | | |
2024 | | |
2023 | |
| |
(in thousands) | |
Net income of NRS attributable to the mezzanine equity’s noncontrolling interest | |
$ | 114 | | |
$ | 65 | | |
$ | 221 | | |
$ | 198 | |
Note
14— Earnings Per Share
Basic
earnings per share is computed by dividing net income attributable to all classes of common stockholders of the Company by the weighted
average number of shares of all classes of common stock outstanding during the applicable period. Diluted earnings per share is computed
in the same manner as basic earnings per share, except that the number of shares is increased to include restricted stock still subject
to risk of forfeiture and to assume exercise of potentially dilutive stock options using the treasury stock method, unless the effect
of such increase is anti-dilutive.
The
weighted-average number of shares used in the calculation of basic and diluted earnings per share attributable to the Company’s
common stockholders consists of the following:
Schedule of Weighted-average Number of Shares Used in the Calculation of Basic and Diluted Earnings Per Share
| |
2024 | | |
2023 | | |
2024 | | |
2023 | |
| |
Three Months Ended January 31, | | |
Six Months Ended January 31, | |
| |
2024 | | |
2023 | | |
2024 | | |
2023 | |
| |
(in thousands) | |
Basic weighted-average number of shares | |
| 25,175 | | |
| 25,510 | | |
| 25,176 | | |
| 25,556 | |
Effect of dilutive securities: | |
| | | |
| | | |
| | | |
| | |
Stock options | |
| — | | |
| 9 | | |
| 1 | | |
| 11 | |
Non-vested restricted Class B common stock | |
| 142 | | |
| 19 | | |
| 120 | | |
| 10 | |
| |
| | | |
| | | |
| | | |
| | |
Diluted weighted-average number of shares | |
| 25,317 | | |
| 25,538 | | |
| 25,297 | | |
| 25,577 | |
There
were no shares excluded from the calculation of diluted earnings per share in the three and six months ended January 31, 2024 and 2023.
Note
15—Accumulated Other Comprehensive Loss
The accumulated balances for each classification of other comprehensive income (loss) were as follows:
Schedule
of Accumulated Balances for Each Classification of Other Comprehensive Income Income (Loss)
| |
Unrealized
Loss on
Available-for-Sale Securities | | |
Foreign
Currency
Translation | | |
Accumulated
Other
Comprehensive
Loss | |
| |
(in thousands) | |
Balance, July 31, 2023 | |
$ | (645 | ) | |
$ | (16,547 | ) | |
$ | (17,192 | ) |
Other comprehensive income (loss) attributable to IDT Corporation | |
| 204 | | |
| (288 | ) | |
| (84 | ) |
| |
| | | |
| | | |
| | |
Balance, January 31, 2024 | |
$ | (441 | ) | |
$ | (16,835 | ) | |
$ | (17,276 | ) |
Note
16—Commitments and Contingencies
COVID-19
In
May 2023, the World Health Organization declared an end to COVID-19 as a public health emergency. As of the date of this Quarterly Report,
the Company continues to monitor the situation. The Company cannot predict with certainty the potential impact of COVID-19 if it re-invigorates
on the Company’s results of operations, financial condition, or cash flows.
Legal
Proceedings
On
July 5, 2017, plaintiff JDS1, LLC, on behalf of itself and all other similarly situated stockholders of Straight Path, and derivatively
on behalf of Straight Path as nominal defendant, filed a putative class action and derivative complaint in the Court of Chancery of the
State of Delaware against the Company, The Patrick Henry Trust (a trust formed by Howard S. Jonas that held record and beneficial ownership
of certain shares of Straight Path he formerly held), Howard S. Jonas, and each of Straight Path’s directors. The complaint alleged
that the Company aided and abetted Straight Path Chairman of the Board and Chief Executive Officer Davidi Jonas, and Howard S. Jonas
in his capacity as controlling stockholder of Straight Path, in breaching their fiduciary duties to Straight Path in connection with
the settlement of claims between Straight Path and the Company related to potential indemnification claims concerning Straight Path’s
obligations under the Consent Decree it entered into with the Federal Communications Commission (“FCC”), as well as the sale
of Straight Path’s subsidiary Straight Path IP Group, Inc. to the Company in connection with that settlement. That action was consolidated
with a similar action that was initiated by The Arbitrage Fund. The Plaintiffs sought, among other things, (i) a declaration that the
action may be maintained as a class action or in the alternative, that demand on the Straight Path Board is excused; (ii) that the term
sheet is invalid; (iii) awarding damages for the unfair price stockholders received in the merger between Straight Path and Verizon Communications
Inc. for their shares of Straight Path’s Class B common stock; and (iv) ordering Howard S. Jonas, Davidi Jonas, and the Company
to disgorge any profits for the benefit of the class Plaintiffs. On August 28, 2017, the Plaintiffs filed an amended complaint. The trial
was held in August and December 2022, and closing arguments were presented on May 3, 2023. On October 3, 2023, the Court of Chancery
of the State of Delaware dismissed all claims against the Company, and found that, contrary to the plaintiffs’ allegations, the
class suffered no damages. The plaintiffs will have 30 days from entry of the final order to file an appeal.
In
addition to the foregoing, the Company is subject to other legal proceedings that have arisen in the ordinary course of business and
have not been finally adjudicated. Although there can be no assurance in this regard, the Company believes that none of the other legal
proceedings to which the Company is a party will have a material adverse effect on the Company’s results of operations, cash flows
or financial condition.
Sales
Tax Contingency
On
June 21, 2018, the United States Supreme Court rendered a decision in South Dakota v. Wayfair, Inc., holding that a state may require
a remote seller with no physical presence in the state to collect and remit sales tax on goods and services provided to purchasers in
the state, overturning certain existing court precedent. It is possible that one or more jurisdictions may assert that the Company has
liability for periods for which it has not collected sales, use or other similar taxes, and if such an assertion or assertions were successful
it could materially and adversely affect the Company’s business, financial position, and operating results. One or more jurisdictions
may change their laws or policies to apply their sales, use or other similar taxes to the Company’s operations, and if such changes
were made it could materially and adversely affect the Company’s business, financial position, and operating results.
Regulatory
Fees Audit
The Company’s 2017 FCC Form 499-A, which reports its calendar year 2016 revenue, was audited by the Universal Service Administrative
Company (“USAC”). The USAC’s final decision imposed a $2.9 million charge on the Company for the Federal Telecommunications
Relay Service (“TRS”) Fund. The Company has appealed the USAC’s final decision to the FCC and does not intend to remit
payment for the TRS Fund fees unless and until a negative decision on its appeal has been issued. The Company has made certain changes
to its filing policies and procedures for years that remain potentially under audit. At January 31, 2024 and July 31, 2023, the Company’s
accrued expenses included $23.4 million and $26.8 million, respectively, for FCC-related regulatory fees for the year covered by the
audit, as well as prior and subsequent years.
Purchase
Commitments
At
January 31, 2024, the Company had purchase commitments of $17.6 million primarily for equipment and services.
Performance
Bonds
The
Company has performance bonds issued through third parties for the benefit of various states in order to comply with the states’
financial requirements for money remittance licenses and telecommunications resellers. At January 31, 2024, the Company had aggregate
performance bonds of $29.0 million outstanding.
Note
17—Other Income (Expense), Net
Other income (expense), net consists of the following:
Schedule
of Other Income (Expense), Net
| |
2024 | | |
2023 | | |
2024 | | |
2023 | |
| |
Three Months Ended January 31, | | |
Six Months Ended January 31, | |
| |
2024 | | |
2023 | | |
2024 | | |
2023 | |
| |
(in thousands) | |
Foreign currency transaction gains (losses) | |
$ | 2,510 | | |
$ | 2,480 | | |
$ | (989 | ) | |
$ | 1,451 | |
Equity in net loss of investee | |
| (848 | ) | |
| (723 | ) | |
| (1,861 | ) | |
| (1,375 | ) |
Gains (losses) on investments, net | |
| 715 | | |
| (228 | ) | |
| (202 | ) | |
| (2,169 | ) |
Other | |
| 157 | | |
| 84 | | |
| (1 | ) | |
| (136 | ) |
| |
| | | |
| | | |
| | | |
| | |
Total other income (expense), net | |
$ | 2,534 | | |
$ | 1,613 | | |
$ | (3,053 | ) | |
$ | (2,229 | ) |
Note
18—Income Taxes
As
of January 31, 2024, the Company’s best estimate of the effective tax rate expected to be applicable for fiscal 2024 was 24.7%
compared to 27.0%
at July 31, 2023. The change in the estimated effective tax rate was mainly due to differences in the amount of taxable income earned
in the various taxing jurisdictions.
Note
19—Recently Issued Accounting Standards Not Yet Adopted
In December 2023, the Financial Accounting Standards Board (“FASB”)
issued ASU No. 2023-09, Income Taxes (Topic 740), Improvements to Income Tax Disclosures, primarily related to the rate
reconciliation and income taxes paid disclosures as well as certain other amendments to income tax disclosures. Entities will be required
on an annual basis to consistently categorize and provide greater disaggregation of rate reconciliation information and further disaggregate
their income taxes paid. The Company will adopt the amendments in this ASU for its fiscal year beginning on August 1, 2025. The amendments
in this ASU should be applied on a prospective basis, although retrospective application is permitted. The Company is evaluating the impact
that this ASU will have on its consolidated financial statements.
In December 2023, the FASB issued ASU No. 2023-08, Intangibles-Goodwill and Other-Crypto Assets (Subtopic
350-60), Accounting for and Disclosure of Crypto Assets, that changes the accounting for crypto assets from a cost-less-impairment
model to fair value, with changes recognized in net income each reporting period. The ASU also requires enhanced disclosures including,
among other things, the name, cost basis, fair value, and number of units for each significant holding, and a rollforward of annual activity
including additions, dispositions, gains, and losses. The Company will adopt the amendments in this ASU for its fiscal year beginning
on August 1, 2025. The ASU requires a cumulative-effect adjustment to the opening balance of retained earnings as of adoption. The Company
is evaluating the impact that this ASU will have on its consolidated financial statements.
In
November 2023, the FASB issued ASU No. 2023-07, Segment Reporting (Topic 280), Improvements to Reportable Segment Disclosures,
to improve the disclosures about reportable segments and add more detailed information about a reportable segment’s expenses.
The amendments in the ASU require public entities to disclose on an annual and interim basis significant segment expenses that are regularly
provided to the chief operating decision maker (“CODM”) and included within each reported measure of segment profit or loss,
other segment items by reportable segment, the title and position of the CODM, and an explanation of how the CODM uses the reported measures
of segment profit or loss in assessing segment performance and deciding how to allocate resources. The ASU does not change the definition
of a segment, the method for determining segments, the criteria for aggregating operating segments into reportable segments, or the current
specifically enumerated segment expenses that are required to be disclosed. The Company will adopt the amendments in this ASU for its
fiscal year beginning on August 1, 2024 applied retrospectively to all prior periods presented. The Company is evaluating the impact
that this ASU will have on its consolidated financial statements.
In
June 2022, the FASB issued ASU No. 2022-03, Fair Value Measurement (Topic 820), Fair Value Measurement of Equity Securities
Subject to Contractual Sale Restrictions, that clarifies that a contractual restriction on the sale of an equity security is not
considered part of the unit of account of the equity security and, therefore, is not considered in measuring fair value. The ASU also
requires specific disclosures related to equity securities that are subject to contractual sales restrictions. The Company will adopt
the amendments in this ASU prospectively on August 1, 2024. The Company is evaluating the impact that this ASU will have on its consolidated
financial statements.
Item
2. Management’s Discussion and Analysis of Financial Condition and Results of Operations
The
following information should be read in conjunction with the accompanying consolidated financial statements and the associated notes
thereto of this Quarterly Report, and the audited consolidated financial statements and the notes thereto and our Management’s
Discussion and Analysis of Financial Condition and Results of Operations contained in our Annual Report on Form 10-K for the fiscal year
ended July 31, 2023 (or the 2023 Form 10-K) as filed with the U.S. Securities and Exchange Commission (or SEC).
As
used below, unless the context otherwise requires, the terms “the Company,” “IDT,” “we,” “us,”
and “our” refer to IDT Corporation, a Delaware corporation, its predecessor, International Discount Telecommunications, Corp.,
a New York corporation, and their subsidiaries, collectively.
Forward-Looking
Statements
This
Quarterly Report on Form 10-Q contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934, including statements that contain the words “believes,” “anticipates,”
“expects,” “plans,” “intends,” and similar words and phrases. These forward-looking statements are
subject to risks and uncertainties that could cause actual results to differ materially from the results projected in any forward-looking
statement. In addition to the factors specifically noted in the forward-looking statements, other important factors, risks, and uncertainties
that could result in those differences include, but are not limited to, those discussed under Item 1A to Part I “Risk Factors”
in our 2023 Form 10-K. The forward-looking statements are made as of the date of
this report and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ
from those projected in the forward-looking statements. Investors should consult all of the information set forth in this report and
the other information set forth from time to time in our reports filed with the SEC pursuant to the Securities Act of 1933 and the Securities
Exchange Act of 1934, including our 2023 Form 10-K.
Recently
Issued Accounting Standards Not Yet Adopted
In
December 2023, the Financial Accounting Standards Board, or FASB, issued Accounting Standards Update, or ASU, No. 2023-09, Income
Taxes (Topic 740), Improvements to Income Tax Disclosures, primarily related to the rate reconciliation and income taxes paid
disclosures as well as certain other amendments to income tax disclosures. Entities will be required on an annual basis to consistently
categorize and provide greater disaggregation of rate reconciliation information and further disaggregate their income taxes paid. We
will adopt the amendments in this ASU for our fiscal year beginning on August 1, 2025. The amendments in this ASU should be applied on
a prospective basis, although retrospective application is permitted. We are evaluating the impact that this ASU will have on our consolidated
financial statements.
In
December 2023, the FASB issued ASU No. 2023-08, Intangibles-Goodwill and Other-Crypto Assets (Subtopic 350-60), Accounting
for and Disclosure of Crypto Assets, that changes the accounting for crypto assets from a cost-less-impairment model to fair value,
with changes recognized in net income each reporting period. The ASU also requires enhanced disclosures including, among other things,
the name, cost basis, fair value, and number of units for each significant holding, and a rollforward of annual activity including additions,
dispositions, gains, and losses. We will adopt the amendments in this ASU for our fiscal year beginning on August 1, 2025. The ASU requires
a cumulative-effect adjustment to the opening balance of retained earnings as of adoption. We are evaluating the impact that this ASU
will have on our consolidated financial statements.
In
November 2023, the FASB issued ASU No. 2023-07, Segment Reporting (Topic 280), Improvements to Reportable Segment Disclosures,
to improve the disclosures about reportable segments and add more detailed information about a reportable segment’s expenses.
The amendments in the ASU require public entities to disclose on an annual and interim basis significant segment expenses that are regularly
provided to the chief operating decision maker, or CODM, and included within each reported measure of segment profit or loss, other segment
items by reportable segment, the title and position of the CODM, and an explanation of how the CODM uses the reported measures of segment
profit or loss in assessing segment performance and deciding how to allocate resources. The ASU does not change the definition of a segment,
the method for determining segments, the criteria for aggregating operating segments into reportable segments, or the current specifically
enumerated segment expenses that are required to be disclosed. We will adopt the amendments in this ASU for our fiscal year beginning
on August 1, 2024 applied retrospectively to all prior periods presented. We are evaluating the impact that this ASU will have on our
consolidated financial statements.
In
June 2022, the FASB issued ASU No. 2022-03, Fair Value Measurement (Topic 820), Fair Value Measurement of Equity Securities
Subject to Contractual Sale Restrictions, that clarifies that a contractual restriction on the sale of an equity security is not
considered part of the unit of account of the equity security and, therefore, is not considered in measuring fair value. The ASU also
requires specific disclosures related to equity securities that are subject to contractual sales restrictions. We will adopt the amendments
in this ASU prospectively on August 1, 2024. We are evaluating the impact that this ASU will have on our consolidated financial statements.
Results
of Operations
We
evaluate the performance of our business segments based primarily on income (loss) from operations. Accordingly, the income and expense
line items below income (loss) from operations are only included in our discussion of the consolidated results of operations.
As
of January 31, 2024, we owned 94.0% of the outstanding shares of our subsidiary, net2phone 2.0, Inc., or net2phone 2.0, which owns and
operates the net2phone segment, and 81.2% of the outstanding shares of National Retail Solutions, or NRS, and, on a fully diluted basis
assuming all the vesting criteria related to various rights granted have been met and other assumptions, we would own 90.8% of net2phone
2.0 and 78.9% of NRS.
From
and after August 1, 2023, we include depreciation and amortization in “Direct cost of revenues” and “Selling,
general and administrative” expense. Prior to August 1, 2023, depreciation and amortization was a separate caption in the
consolidated statements of income. In addition, from and after August 1, 2023, we are reporting gross profit and gross margin
percentage in our “Results of Operations” in accordance with accounting principles generally accepted in the United
States of America, or U.S. GAAP. Depreciation and amortization expense of $5.0 million in the three months ended January 31, 2023
was reclassified to conform to the current year’s presentation as follows: $1.1 million was reclassified to “Direct cost
of revenues” and $3.9 million was reclassified to “Selling, general and administrative” expense, and depreciation
and amortization expense of $9.8 million in the six months ended January 31, 2023 was reclassified to conform to the current
year’s presentation as follows: $2.1 million was reclassified to “Direct cost of revenues” and $7.7 million was
reclassified to “Selling, general and administrative” expense. Depreciation and amortization expense included in our
business segments was as follows:
(in millions) | |
National Retail Solutions | | |
Fintech | | |
net2phone | | |
Traditional Communications | | |
Corporate | | |
Total | |
Three Months Ended January 31, 2024 | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Depreciation and amortization: | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Included in “Direct cost of revenues” | |
$ | 0.5 | | |
$ | — | | |
$ | 0.6 | | |
$ | 0.2 | | |
$ | — | | |
$ | 1.3 | |
Included in “Selling, general and administrative expense” | |
| 0.3 | | |
| 0.7 | | |
| 1.0 | | |
| 1.8 | | |
| — | | |
| 3.8 | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Three Months Ended January 31, 2023 | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Depreciation and amortization: | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Included in “Direct cost of revenues” | |
$ | 0.4 | | |
$ | — | | |
$ | 0.5 | | |
$ | 0.2 | | |
$ | — | | |
$ | 1.1 | |
Included in “Selling, general and administrative expense” | |
| 0.2 | | |
| 0.6 | | |
| 0.9 | | |
| 2.2 | | |
| — | | |
| 3.9 | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Six Months Ended January 31, 2024 | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Depreciation and amortization: | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Included in “Direct cost of revenues” | |
$ | 0.9 | | |
$ | 0.1 | | |
$ | 1.2 | | |
$ | 0.4 | | |
$ | — | | |
$ | 2.6 | |
Included in “Selling, general and administrative expense” | |
| 0.6 | | |
| 1.3 | | |
| 1.8 | | |
| 3.8 | | |
| 0.1 | | |
| 7.6 | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Six Months Ended January 31, 2023 | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Depreciation and amortization: | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Included in “Direct cost of revenues” | |
$ | 0.7 | | |
$ | — | | |
$ | 1.0 | | |
$ | 0.4 | | |
$ | — | | |
$ | 2.1 | |
Included in “Selling, general and administrative expense” | |
| 0.4 | | |
| 1.3 | | |
| 1.7 | | |
| 4.3 | | |
| — | | |
| 7.7 | |
COVID-19
In
May 2023, the World Health Organization declared an end to COVID-19 as a public health emergency. As of the date of this Quarterly Report,
we continue to monitor the situation. We cannot predict with certainty the potential impact of COVID-19 if it re-invigorates on our results
of operations, financial condition, or cash flows.
Explanation
of Performance Metrics
Our
results of operations discussion include the following performance metrics:
| ● | for
NRS, active point-of-sale, or POS, terminals, payment processing accounts, and recurring
revenue, |
| ● | for
net2phone, seats and subscription revenue, and |
| ● | for
Traditional Communications, minutes of use. |
NRS
uses two key metrics to measure the size of its customer base: active POS terminals and payment processing accounts. Active
POS terminals are the number of POS terminals that have completed at least one transaction in the calendar month. It excludes POS terminals
that have not been fully installed by the end of the month. Payment processing accounts are NRS PAY accounts that can generate revenue.
It excludes accounts that have been approved but not activated. NRS’ recurring revenue is NRS’ revenue in accordance with
U.S. GAAP, excluding its revenue from POS terminal sales.
net2phone’s
cloud communications offerings are priced on a per-seat basis, with customers paying based on the number of users in their organization.
net2phone’s subscription revenue is its revenue in accordance with U.S. GAAP excluding its equipment revenue and revenue generated
by a legacy SIP trunking offering in Brazil.
The
trends and comparisons between periods for the number of active POS terminals, NRS PAY accounts, seats served, recurring revenue, and
subscription revenue are used in the analysis of NRS’ or net2phone’s revenues and direct cost of revenues and are strong
indications of the top-line growth and performance of the business.
Minutes
of use is a nonfinancial metric that measures aggregate customer usage during a reporting period. Minutes of use is an important factor
in BOSS Revolution Calling’s and IDT Global’s revenue recognition since satisfaction of our performance obligation occurs
when the customer uses our service. Minutes of use trends and comparisons between periods are used in the analysis of revenues and direct
cost of revenues.
Three
and Six Months Ended January 31, 2024 Compared to Three and Six Months Ended January 31, 2023
National
Retail Solutions Segment
NRS,
which represented 8.5% and 6.3% of our total revenues in the three months ended January 31, 2024 and 2023, respectively, and 8.2% and
6.2% of our total revenues in the six months ended January 31, 2024 and 2023, respectively, is an operator of a nationwide POS network
providing independent retailers with store management software, electronic payment processing, and other ancillary merchant services.
NRS’ POS platform provides marketers with digital out-of-home advertising and transaction data.
| |
Three months ended
January 31, | | |
Change | | |
Six months ended January 31, | | |
Change | |
| |
2024 | | |
2023 | | |
$/# | | |
% | | |
2024 | | |
2023 | | |
$/# | | |
% | |
| |
(in millions) | |
Revenues: | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Recurring | |
$ | 23.9 | | |
$ | 18.3 | | |
$ | 5.6 | | |
| 30.4 | % | |
$ | 46.3 | | |
$ | 36.2 | | |
$ | 10.1 | | |
| 27.9 | % |
Other | |
| 1.3 | | |
| 1.5 | | |
| (0.2 | ) | |
| (11.3 | ) | |
| 2.9 | | |
| 2.9 | | |
| — | | |
| (0.5 | ) |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Total revenues | |
| 25.2 | | |
| 19.8 | | |
| 5.4 | | |
| 27.2 | | |
| 49.2 | | |
| 39.1 | | |
| 10.1 | | |
| 25.8 | |
Direct cost of revenues | |
| (2.6 | ) | |
| (2.6 | ) | |
| — | | |
| 2.1 | | |
| (5.7 | ) | |
| (4.8 | ) | |
| 0.9 | | |
| 17.6 | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Gross profit | |
| 22.6 | | |
| 17.2 | | |
| 5.4 | | |
| 31.0 | | |
| 43.5 | | |
| 34.3 | | |
| 9.2 | | |
| 26.9 | |
Selling, general and administrative | |
| (17.3 | ) | |
| (11.8 | ) | |
| 5.5 | | |
| 45.3 | | |
| (32.7 | ) | |
| (23.7 | ) | |
| 9.0 | | |
| 38.1 | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Income from operations | |
$ | 5.3 | | |
$ | 5.4 | | |
$ | (0.1 | ) | |
| (0.5 | )% | |
$ | 10.8 | | |
$ | 10.6 | | |
$ | 0.2 | | |
| 1.9 | % |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Gross margin percentage | |
| 89.5 | % | |
| 87.0 | % | |
| 2.5 | % | |
| | | |
| 88.4 | % | |
| 87.5 | % | |
| 0.9 | % | |
| | |
| |
January
31, | | |
Change | |
| |
2024 | | |
2023 | | |
# | | |
% | |
| |
(in thousands) | |
Active POS terminals | |
| 28.7 | | |
| 22.4 | | |
| 6.3 | | |
| 28 | % |
Payment processing accounts | |
| 18.2 | | |
| 12.5 | | |
| 5.7 | | |
| 45 | % |
Revenues.
Revenues increased in the three and six months ended January 31, 2024 compared to the similar periods in fiscal 2023 driven primarily
by revenue growth from NRS’ merchant services, as well as the expansion of NRS’ POS network.
Direct
Cost of Revenues. Direct cost of revenues increased in the three and six months ended January 31, 2024 compared to the similar periods
in fiscal 2023 primarily due to the increase in the direct costs of NRS’ POS terminal sales.
Selling,
General and Administrative. Selling, general and administrative expense increased in the three and six months ended January 31, 2024
compared to the similar periods in fiscal 2023 primarily due to increases in sales commissions and employee compensation. As a percentage
of NRS’ revenue, NRS’ selling, general and administrative expense increased to 68.3% from 59.9% in the three months ended
January 31, 2024 and 2023, respectively, and increased to 66.4% from 60.4% in the six months ended January 31, 2024 and 2023, respectively.
Fintech
Segment
Fintech,
which represented 9.4% and 6.5% of our total revenues in the three months ended January 31, 2024 and 2023, respectively, and 9.1%
and 6.3% of our total revenues in the six months ended January 31, 2024 and 2023, respectively, is comprised of: (i) BOSS Money, a
provider of international money remittance and related value/payment transfer services; and (ii) other, significantly smaller,
financial services businesses, including Leaf Global Fintech Corporation, or Leaf, a provider of digital wallet services in emerging
markets, a variable interest entity, or VIE, that operates money transfer businesses, and IDT Financial Services Limited, or IDT
Financial Services, our Gibraltar-based bank.
| |
Three months ended
January 31, | | |
Change | | |
Six months ended
January 31, | | |
Change | |
| |
2024 | | |
2023 | | |
$/# | | |
% | | |
2024 | | |
2023 | | |
$/# | | |
% | |
| |
(in millions) | |
Revenues: | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
BOSS Money | |
$ | 25.0 | | |
$ | 17.6 | | |
$ | 7.4 | | |
| 41.9 | % | |
$ | 49.3 | | |
$ | 35.2 | | |
$ | 14.1 | | |
| 40.0 | % |
Other | |
| 3.0 | | |
| 2.7 | | |
| 0.3 | | |
| 10.3 | | |
| 5.3 | | |
| 5.0 | | |
| 0.3 | | |
| 5.3 | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Total revenues | |
| 28.0 | | |
| 20.3 | | |
| 7.7 | | |
| 37.7 | | |
| 54.6 | | |
| 40.2 | | |
| 14.4 | | |
| 35.7 | |
Direct cost of revenues | |
| (11.9 | ) | |
| (8.0 | ) | |
| 3.9 | | |
| 47.8 | | |
| (23.6 | ) | |
| (16.3 | ) | |
| 7.3 | | |
| 44.4 | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Gross profit | |
| 16.1 | | |
| 12.3 | | |
| 3.8 | | |
| 31.1 | | |
| 31.0 | | |
| 23.9 | | |
| 7.1 | | |
| 29.7 | |
Selling, general and administrative | |
| (16.8 | ) | |
| (13.4 | ) | |
| 3.4 | | |
| 25.3 | | |
| (33.1 | ) | |
| (25.1 | ) | |
| 8.0 | | |
| 31.7 | |
Other operating gain | |
| — | | |
| 0.3 | | |
| (0.3 | ) | |
| (100.0 | ) | |
| — | | |
| 1.9 | | |
| (1.9 | ) | |
| (100.0 | ) |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
(Loss) income from operations | |
$ | (0.7 | ) | |
$ | (0.8 | ) | |
$ | 0.1 | | |
| 8.6 | % | |
$ | (2.1 | ) | |
$ | 0.7 | | |
$ | (2.8 | ) | |
| (400.5 | )% |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Gross margin percentage | |
| 57.5 | % | |
| 60.4 | % | |
| (2.9 | )% | |
| | | |
| 56.7 | % | |
| 59.3 | % | |
| (2.6 | )% | |
| | |
Revenues.
Revenues from BOSS Money increased in the three and six months ended January 31, 2024 compared to the similar periods in fiscal 2023
primarily because of increased transaction volume in BOSS Money’s retail and digital channels. BOSS Money continues to benefit
from cross-marketing to BOSS Revolution Calling customers, the expansion of its retail agent network, and ongoing efforts to enhance
user-experience within the BOSS Money and BOSS Calling apps.
Direct
Cost of Revenues. Direct cost of revenues increased in the three and six months ended January 31, 2024 compared to the similar periods
in fiscal 2023 primarily due to an increase BOSS Money’s direct cost of revenues, which reflected the increase in BOSS Money’s
revenue.
Selling,
General and Administrative. Selling, general and administrative expense increased in the three and six months ended January 31, 2024
compared to the similar periods in fiscal 2023 primarily due to increases in debit and credit card processing charges, employee compensation,
and bank fees. The increase in card processing charges was the result of increased credit and debit card transactions through our BOSS
Money app and other digital channels. As a percentage of Fintech’s revenue, Fintech’s selling, general and administrative
expense decreased to 60.1% from 66.1% in the three months ended January 31, 2024 and 2023, respectively, and decreased to 60.6% from
62.4% in the six months ended January 31, 2024 and 2023, respectively.
Other Operating Gain. In the three and six months ended January 31, 2023, Leaf received payments of $0.3 million and $0.4 million,
respectively, from government grants for the development and commercialization of blockchain-backed financial technologies. In addition,
in the six months ended January 31, 2023, we determined that the requirements for a portion of the contingent consideration payments
related to the Leaf acquisition would not be met. We recognized a gain of $1.6 million on the write-off of this contingent consideration
payment obligation.
net2phone Segment
The
net2phone segment, which represented 6.9% and 5.7% of our total revenues in the three months ended January 31, 2024 and 2023, respectively,
6.8% and 5.5% of our total revenues in the six months ended January 31, 2024 and 2023, respectively, is comprised of net2phone’s
cloud communications and contact center offerings.
| |
Three months ended
January 31, | | |
Change | | |
Six months ended
January 31, | | |
Change | |
| |
2024 | | |
2023 | | |
$/# | | |
% | | |
2024 | | |
2023 | | |
$/# | | |
% | |
| |
(in millions) | |
Revenues: | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Subscription | |
$ | 19.3 | | |
$ | 16.3 | | |
$ | 3.0 | | |
| 18.5 | % | |
$ | 37.8 | | |
$ | 31.8 | | |
$ | 6.0 | | |
| 18.8 | % |
Other | |
| 1.1 | | |
| 1.5 | | |
| (0.4 | ) | |
| (30.7 | ) | |
| 2.5 | | |
| 2.9 | | |
| (0.4 | ) | |
| (15.0 | ) |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Total revenues | |
| 20.4 | | |
| 17.8 | | |
| 2.6 | | |
| 14.4 | | |
| 40.3 | | |
| 34.7 | | |
| 5.6 | | |
| 15.9 | |
Direct cost of revenues | |
| (4.0 | ) | |
| (3.6 | ) | |
| 0.4 | | |
| 10.4 | | |
| (7.7 | ) | |
| (6.9 | ) | |
| 0.8 | | |
| 12.0 | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Gross profit | |
| 16.4 | | |
| 14.2 | | |
| 2.2 | | |
| 15.4 | | |
| 32.6 | | |
| 27.8 | | |
| 4.8 | | |
| 16.9 | |
Selling, general and administrative | |
| (16.1 | ) | |
| (14.8 | ) | |
| 1.3 | | |
| 8.9 | | |
| (32.3 | ) | |
| (29.4 | ) | |
| 2.9 | | |
| 9.5 | |
Other operating gain | |
| 0.1 | | |
| — | | |
| 0.1 | | |
| nm | | |
| 0.1 | | |
| — | | |
| 0.1 | | |
| nm | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Income (loss) from operations | |
$ | 0.4 | | |
$ | (0.6 | ) | |
$ | 1.0 | | |
| 163.8 | % | |
$ | 0.4 | | |
$ | (1.6 | ) | |
$ | 2.0 | | |
| 122.1 | % |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Gross margin percentage | |
| 80.7 | % | |
| 80.0 | % | |
| 0.7 | % | |
| | | |
| 80.8 | % | |
| 80.1 | % | |
| 0.7 | % | |
| | |
nm—not
meaningful
| |
January 31, | | |
Change | |
| |
2024 | | |
2023 | | |
# | | |
% | |
| |
(in thousands) | |
Seats served | |
| 375 | | |
| 327 | | |
| 48 | | |
| 15 | % |
Revenues.
net2phone’s revenues increased in the three and six months ended January 31, 2024 compared to the similar periods in fiscal
2023 driven primarily by the growth in subscription revenue in the U.S. and Latin American markets, which reflected the increase in seats
served at January 31, 2024 compared to January 31, 2023.
Direct
Cost of Revenues. Direct cost of revenues increased in the three and six months ended January 31, 2024 compared to the similar periods
in fiscal 2023 primarily due to the increase in revenues, with the largest increase in the U.S. markets. net2phone’s focus on mid-sized
businesses, multi-channel strategies, and localized offerings generated revenue growth that exceeded the increase in direct cost of revenues.
Selling,
General and Administrative. Selling, general and administrative expense increased in the three and six months ended January 31, 2024
compared to the similar periods in fiscal 2023 primarily due to increases in employee compensation, sales commissions, and consulting
expense. As a percentage of net2phone’s revenues, net2phone’s selling, general and administrative expense decreased to 79.2%
from 83.2% in the three months ended January 31, 2024 and 2023, respectively, and decreased to 80.1% from 84.8% in the six months ended
January 31, 2024 and 2023, respectively.
net2phone
derives a significant portion of its revenues from existing customers. Attracting new customers usually involves additional costs compared
to retention of existing customers. If existing customers’ subscriptions and related usage decrease or are terminated, net2phone
will need to spend more money to acquire new customers and still may not be able to maintain its existing level of revenues or profitability.
In addition, net2phone needs to acquire new customers to increase its revenues. net2phone incurs significant sales and marketing expenses
to acquire new customers. It is therefore expected that selling, general and administrative expense will remain a significant percentage
of net2phone’s revenues for the foreseeable future.
Other
Operating Gain. In the three and six months ended January 31, 2024, we determined that the requirement for a contingent consideration
payment related to an acquisition in a prior period would not be met. We recognized a gain of $0.1 million on the write-off of this contingent
consideration payment obligation.
Traditional
Communications Segment
The
Traditional Communications segment, which represented 75.2% and 81.5% of our total revenues in the three months ended January 31,
2024 and 2023, respectively, and 75.9% and 82.0% of our total revenues in the six months ended January 31, 2024 and 2023,
respectively, includes: (i) IDT Digital Payments, which enables customers to transfer airtime and bundles of airtime, messaging, and
data to international and domestic mobile accounts; (ii) BOSS Revolution Calling, an international long-distance calling service
marketed primarily to immigrant communities in the United States and Canada; and (iii) IDT Global, a wholesale provider of
international voice and SMS termination and outsourced traffic management solutions to telecoms worldwide. Traditional
Communications also includes other small businesses and offerings including early-stage business initiatives and mature businesses
in harvest mode.
Traditional
Communications’ most significant revenue streams are from IDT Digital Payments, BOSS Revolution Calling, and IDT Global. IDT Digital
Payments and BOSS Revolution Calling are sold directly to consumers and through distributors and retailers. We receive payments for BOSS
Revolution Calling, traditional calling cards, and IDT Digital Payments prior to providing the services. We recognize the revenue when
services are provided to the customer. Traditional Communications’ revenues tend to be somewhat seasonal, with the second fiscal
quarter (which contains Christmas and New Year’s Day) and the fourth fiscal quarter (which contains Mother’s Day and Father’s
Day) typically showing higher minute volumes.
| |
Three
months ended
January
31, | | |
Change | | |
Six
months ended
January
31, | | |
Change | |
| |
2024 | | |
2023 | | |
$/# | | |
% | | |
2024 | | |
2023 | | |
$/# | | |
% | |
| |
(in
millions) | |
Revenues: | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
IDT
Digital Payments | |
$ | 99.6 | | |
$ | 106.1 | | |
$ | (6.5 | ) | |
| (6.1 | )% | |
$ | 199.6 | | |
$ | 215.2 | | |
$ | (15.6 | ) | |
| (7.2 | )% |
BOSS
Revolution Calling | |
| 66.7 | | |
| 82.9 | | |
| (16.2 | ) | |
| (19.5 | ) | |
| 137.9 | | |
| 169.1 | | |
| (31.2 | ) | |
| (18.4 | ) |
IDT
Global | |
| 48.7 | | |
| 58.6 | | |
| (9.9 | ) | |
| (16.9 | ) | |
| 100.8 | | |
| 120.2 | | |
| (19.4 | ) | |
| (16.2 | ) |
Other | |
| 7.5 | | |
| 8.4 | | |
| (0.9 | ) | |
| (11.2 | ) | |
| 15.0 | | |
| 17.2 | | |
| (2.2 | ) | |
| (12.9 | ) |
Total
revenues | |
| 222.5 | | |
| 256.0 | | |
| (33.5 | ) | |
| (13.1 | ) | |
| 453.3 | | |
| 521.7 | | |
| (68.4 | ) | |
| (13.1 | ) |
Direct
cost of revenues | |
| (180.2 | ) | |
| (209.3 | ) | |
| (29.1 | ) | |
| (13.9 | ) | |
| (368.4 | ) | |
| (428.1 | ) | |
| (59.7 | ) | |
| (13.9 | ) |
Gross
profit | |
| 42.3 | | |
| 46.7 | | |
| (4.4 | ) | |
| (9.4 | ) | |
| 84.9 | | |
| 93.6 | | |
| (8.7 | ) | |
| (9.4 | ) |
Selling,
general and administrative | |
| (27.3 | ) | |
| (29.5 | ) | |
| (2.2 | ) | |
| (7.3 | ) | |
| (54.0 | ) | |
| (59.0 | ) | |
| (5.0 | ) | |
| (8.6 | ) |
Severance | |
| (0.4 | ) | |
| (0.2 | ) | |
| 0.2 | | |
| 62.1 | | |
| (0.9 | ) | |
| (0.3 | ) | |
| 0.6 | | |
| 177.3 | |
Income
from operations | |
$ | 14.6 | | |
$ | 17.0 | | |
$ | (2.4 | ) | |
| (14.0 | )% | |
$ | 30.0 | | |
$ | 34.3 | | |
$ | (4.3 | ) | |
| (12.4 | )% |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Gross
margin percentage | |
| 19.0 | % | |
| 18.2 | % | |
| 0.8 | % | |
| | | |
| 18.7 | % | |
| 17.9 | % | |
| 0.8 | % | |
| | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Minutes
of use: | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
BOSS
Revolution Calling | |
| 457 | | |
| 591 | | |
| (134 | ) | |
| (22.8 | )% | |
| 953 | | |
| 1,217 | | |
| (264 | ) | |
| (21.7 | )% |
IDT
Global | |
| 1,395 | | |
| 1,616 | | |
| (221 | ) | |
| (13.7 | ) | |
| 2,839 | | |
| 3,322 | | |
| (483 | ) | |
| (14.5 | ) |
Revenues.
Revenues from IDT Digital Payments decreased in the three and six months ended January 31, 2024 compared to the similar periods in
fiscal 2023 primarily from the deterioration of a key international corridor that was particularly impactful to revenues in the wholesale
channel.
Revenues
and minutes of use from BOSS Revolution Calling decreased in the three and six months ended January 31, 2024 compared to the similar
periods in fiscal 2023. BOSS Revolution Calling continues to be impacted by persistent, market-wide trends, including the proliferation
of unlimited calling plans offered by wireless carriers and mobile virtual network operators, and the increasing penetration of free
and paid over-the-top voice, video conferencing, and messaging services.
Revenues
and minutes of use from IDT Global decreased in the three and six months ended January 31, 2024 compared to the similar periods in fiscal
2023 as communications globally continued to transition away from international voice calling. This trend was accelerated by the impact
of COVID-19 as business communications shifted from calling to video conferencing and other collaboration platforms. We expect that IDT
Global will continue to be adversely impacted by these trends, and minutes of use and revenues will likely continue to decline from quarter-to-quarter,
as we seek to maximize economics rather than necessarily sustain minutes of use or revenues.
Direct
Cost of Revenues. Direct cost of revenues decreased in the three and six months ended January 31, 2024 compared to the similar periods
in fiscal 2023 primarily due to the decreases in minutes of use and revenues.
Selling, General and Administrative.
Selling, general and administrative expense decreased in the three and six months ended January 31, 2024 compared to the similar periods
in fiscal 2023 primarily due to decreases in employee compensation, sales commissions, marketing expense, and debit and credit card processing
charges, partially offset by increases in stock-based compensation. As a percentage of Traditional Communications’ revenue, Traditional
Communications’ selling, general and administrative expense increased to 12.3% from 11.5% in the three months ended January 31,
2024 and 2023, respectively, and increased to 11.9% from 11.3% in the six months ended January 31, 2024 and 2023, respectively.
Severance Expense. In
the three months ended January 31, 2024 and 2023, Traditional Communications incurred severance expense of $0.4 million and $0.2 million,
respectively, and in the six months ended January 31, 2024 and 2023, Traditional Communications incurred severance expense of $0.9 million
and $0.3 million, respectively.
Corporate
| |
Three months ended
January 31, | | |
Change | | |
Six months ended
January 31, | | |
Change | |
| |
2024 | | |
2023 | | |
$ | | |
% | | |
2024 | | |
2023 | | |
$ | | |
% | |
| |
(in millions) | |
General and administrative | |
$ | (3.2 | ) | |
$ | (2.5 | ) | |
$ | 0.7 | | |
| 29.3 | % | |
$ | (6.0 | ) | |
$ | (4.4 | ) | |
$ | 1.6 | | |
| 35.8 | % |
Other operating (expense) gain, net | |
| (0.4 | ) | |
| (0.3 | ) | |
| 0.1 | | |
| 9.7 | | |
| 0.1 | | |
| (1.1 | ) | |
| (1.2 | ) | |
| (110.4 | ) |
Loss from operations | |
$ | (3.6 | ) | |
$ | (2.8 | ) | |
$ | (0.8 | ) | |
| (26.9 | )% | |
$ | (5.9 | ) | |
$ | (5.5 | ) | |
$ | (0.4 | ) | |
| (6.3 | )% |
Corporate
costs mainly include compensation, consulting fees, treasury, tax and accounting services, human resources, corporate purchasing, corporate
governance including Board of Directors’ fees, internal and external audit, investor relations, corporate insurance, corporate
legal, and other corporate-related general and administrative expenses. Corporate does not generate any revenues, nor does it incur any
direct cost of revenues.
General
and Administrative. Corporate general and administrative expense increased in the three and six months ended January 31, 2024
compared to the similar periods in fiscal 2023 primarily because of increases in audit and accounting fees and employee compensation.
As a percentage of our consolidated revenues, Corporate general and administrative expense was 1.1% and 0.8% in the three months ended
January 31, 2024 and 2023, respectively, and 1.0% and 0.7% in the six months ended January 31, 2024 and 2023, respectively.
Other
Operating (Expense) Gain, net. As discussed in Note 16
to the Consolidated Financial Statements included in Item 1 to Part I of this Quarterly Report, we (as well as other defendants) were
named in a class action on behalf of the stockholders of our former subsidiary, Straight Path Communications Inc., or Straight Path.
We incurred legal fees of $2.6 million and $1.6 million in the three months ended January 31, 2024 and 2023, respectively, and $2.8 million
and $4.1 million in the six months ended January 31, 2024 and 2023, respectively, related to this action. Also, we recorded offsetting
gains from insurance claims for this matter of $2.2 million and $1.3 million in the three months ended January 31, 2024 and 2023, respectively,
and $2.9 million and $3.0 million in the six months ended January 31, 2024 and 2023, respectively. On October 3, 2023, the Court of Chancery
of the State of Delaware dismissed all claims against us, and found that, contrary to the plaintiffs’ allegations, the class suffered
no damages. The plaintiffs will have 30 days from entry of the final order to file an appeal.
Consolidated
The
following is a discussion of our consolidated stock-based compensation expense, and our consolidated income and expense line items below
income from operations.
Stock-Based
Compensation Expense. Stock-based compensation expense included in consolidated selling, general and administrative expense
was $2.5 million and $1.3 million in the three months ended January 31, 2024 and 2023, respectively, and $3.3 million and $1.9 million
in the six months ended January 31, 2024 and 2023, respectively. The increases in stock-based compensation expense were primarily due
to certain equity grants to Bill Pereira, our President and Chief Operating Officer, in the three months ended January 31, 2024, including
deferred stock units, or DSUs, that, upon vesting, represent the right to receive shares of our Class B common stock, and shares of Class
B common stock of net2phone 2.0, as well as a contingent bonus subject to the completion of certain financial milestones that may be
paid, at Mr. Pereira’s option, in either shares of the Company’s Class B common stock or cash.
At January 31, 2024, there was an aggregate of $2.0 million of total unrecognized compensation cost related to Mr. Pereira’s contingent
bonus, which is expected to be recognized over the estimated period that we expect the milestones to be satisfied, which ends in the
first quarter of fiscal 2025.
At
January 31, 2024, there was $1.5 million of total unrecognized compensation cost related to non-vested DSUs under our equity incentive
program adopted on November 30, 2022, which is being recognized on a graded vesting basis over the requisite service periods that end
in February 2025. On February 21, 2024, the second vesting date under the program, in accordance with the program and based on certain
elections made by grantees, we issued 53,706 shares of our Class B common stock for vested DSUs. Subject to continued full time employment
or other services to us, the remaining 147,540 DSUs are scheduled to vest on February 25, 2025.
Effective
as of June 30, 2022, restricted shares of NRS’ Class B common stock were granted to certain NRS employees. The restrictions on
the shares will lapse in three installments on each of June 1, 2024, 2026, and 2027. The estimated fair value of the restricted shares
on the grant date was $3.3 million, which is being recognized over the vesting period. At January 31, 2024, unrecognized compensation
cost related to NRS’ non-vested Class B common stock was an aggregate of $2.3 million. The unrecognized compensation cost is expected
to be recognized over the remaining vesting period that ends in fiscal 2027.
| |
Three months ended
January 31, | | |
Change | | |
Six months ended
January 31, | | |
Change | |
| |
2024 | | |
2023 | | |
$ | | |
% | | |
2024 | | |
2023 | | |
$ | | |
% | |
| |
(in millions) | |
Income
from operations | |
$ | 16.0 | | |
$ | 18.2 | | |
$ | (2.2 | ) | |
| (11.9 | )% | |
$ | 33.2 | | |
$ | 38.4 | | |
$ | (5.2 | ) | |
| (13.6 | )% |
Interest
income, net | |
| 1.2 | | |
| 0.8 | | |
| 0.4 | | |
| 47.5 | | |
| 2.0 | | |
| 1.3 | | |
| 0.7 | | |
| 54.5 | |
Other
income (expense), net | |
| 2.5 | | |
| 1.6 | | |
| 0.9 | | |
| 57.1 | | |
| (3.1 | ) | |
| (2.2 | ) | |
| (0.9 | ) | |
| (37.0 | ) |
Provision
for income taxes | |
| (4.0 | ) | |
| (5.3 | ) | |
| 1.3 | | |
| 24.6 | | |
| (7.9 | ) | |
| (9.6 | ) | |
| 1.7 | | |
| 17.6 | |
Net
income | |
| 15.7 | | |
| 15.3 | | |
| 0.4 | | |
| 2.9 | | |
| 24.2 | | |
| 27.9 | | |
| (3.7 | ) | |
| (13.0 | ) |
Net
income attributable to noncontrolling interests | |
| (1.3 | ) | |
| (0.7 | ) | |
| (0.6 | ) | |
| (93.7 | ) | |
| (2.1 | ) | |
| (2.3 | ) | |
| 0.2 | | |
| 4.2 | |
Net
income attributable to IDT Corporation | |
$ | 14.4 | | |
$ | 14.6 | | |
$ | (0.2 | ) | |
| (1.4 | )% | |
$ | 22.1 | | |
$ | 25.6 | | |
$ | (3.5 | ) | |
| (13.8 | )% |
Other
Income (Expense), net. Other income (expense), net consists of the following:
| |
Three months ended January 31, | | |
Six months ended January 31, | |
| |
2024 | | |
2023 | | |
2024 | | |
2023 | |
| |
(in millions) | |
Foreign currency transaction gains (losses) | |
$ | 2.5 | | |
$ | 2.5 | | |
$ | (1.0 | ) | |
$ | 1.5 | |
Equity in the net loss of investee | |
| (0.8 | ) | |
| (0.7 | ) | |
| (1.9 | ) | |
| (1.4 | ) |
Gains (losses) on investments, net | |
| 0.7 | | |
| (0.2 | ) | |
| (0.2 | ) | |
| (2.2 | ) |
Other | |
| 0.1 | | |
| — | | |
| — | | |
| (0.1 | ) |
| |
| | | |
| | | |
| | | |
| | |
Total | |
$ | 2.5 | | |
$ | 1.6 | | |
$ | (3.1 | ) | |
$ | (2.2 | ) |
We
have an investment in shares of convertible preferred stock of a communications company (the equity method investee, or EMI). As of January
31, 2024 and 2023, our ownership was 33.4% and 26.57%, respectively, of the EMI’s outstanding shares on an as converted basis.
We account for this investment using the equity method since we can exercise significant influence over the operating and financial policies
of the EMI but do not have a controlling interest. We determined that on the dates of the acquisitions of the EMI’s shares, there
were differences between our investment in the EMI and our proportional interest in the equity of the EMI of an aggregate of $8.2 million,
which represented the share of the EMI’s customer list on the dates of the acquisitions attributed to our interest in the EMI.
These basis differences are being amortized over the 6-year estimated life of the customer list. “Equity in the net loss of investee”
includes the amortization of equity method basis difference.
Provision for Income Taxes. The change
in income tax expense in the three and six months ended January 31, 2024 compared to the similar periods in fiscal 2023 was primarily
due to differences in the amount of taxable income earned in the various taxing jurisdictions.
Net Income Attributable to Noncontrolling
Interests. The change in the net income attributable to noncontrolling interests in the three months ended January 31, 2024 compared
to the similar period in fiscal 2023 was primarily due to changes in amounts attributable to the noncontrolling interests in NRS, net2phone
2.0, and Sochitel UK Ltd. The change in the net income attributable to noncontrolling interests in the six months ended January 31, 2024
compared to the similar period in fiscal 2023 was primarily due to changes in amounts attributable to the noncontrolling interests in
net2phone 2.0 and the VIE, partially offset by the change in the amounts attributable to the noncontrolling interests in NRS.
Liquidity
and Capital Resources
As
of the date of this Quarterly Report, we expect our cash flow from operations and the balance of cash, cash equivalents, debt securities,
and current equity investments that we held on January 31, 2024 will be sufficient to meet our currently anticipated working capital
and capital expenditure requirements during the twelve-month period ending January 31, 2025.
At
January 31, 2024, we had cash, cash equivalents, debt securities, and current equity investments of $177.6 million and working capital
(current assets in excess of current liabilities) of $122.5 million.
We
treat unrestricted cash and cash equivalents held by IDT Payment Services, Inc. and IDT Payment Services of New York, LLC as substantially
restricted and unavailable for other purposes. At January 31, 2024, “Cash and cash equivalents” in our consolidated balance
sheet included an aggregate of $39.8 million held by IDT Payment Services, Inc. and IDT Payment Services of New York, LLC that was unavailable
for other purposes.
Contractual
Obligations and Commitments
The
following table includes our anticipated material cash requirements from contractual obligations and other commitments at January 31,
2024:
Payments Due by Period (in millions) | |
Total | | |
Less than 1 year | | |
1–3 years | | |
4–5 years | | |
After 5 years | |
Purchase commitments | |
$ | 17.6 | | |
$ | 17.6 | | |
$ | — | | |
$ | — | | |
$ | — | |
Connectivity obligations under service agreements | |
| 1.0 | | |
| 0.9 | | |
| 0.1 | | |
| — | | |
| — | |
Operating leases including short-term leases | |
| 6.7 | | |
| 3.8 | | |
| 2.2 | | |
| 0.5 | | |
| 0.2 | |
| |
| | | |
| | | |
| | | |
| | | |
| | |
Total (1) | |
$ | 25.3 | | |
$ | 22.3 | | |
$ | 2.3 | | |
$ | 0.5 | | |
$ | 0.2 | |
|
(1) |
The above table does not
include up to $10 million for the potential redemption of shares of NRS’ Class B common stock, an aggregate of $29.0 million
in performance bonds, and up to $7.9 million for other potential payments including contingent consideration related to business
acquisitions, due to the uncertainty of the amount and/or timing of any such payments. |
Consolidated
Financial Condition
| |
Six months ended January 31, | |
| |
2024 | | |
2023 | |
| |
(in millions) | |
Cash flows provided by (used in): | |
| | | |
| | |
Operating activities | |
$ | 39.7 | | |
$ | 35.6 | |
Investing activities | |
| 1.9 | | |
| (11.2 | ) |
Financing activities | |
| (3.0 | ) | |
| (7.1 | ) |
Effect of exchange rate changes on cash, cash equivalents, and restricted cash and cash equivalents | |
| (3.1 | ) | |
| 0.8 | |
| |
| | | |
| | |
Increase in cash, cash equivalents, and restricted cash and cash equivalents | |
$ | 35.5 | | |
$ | 18.1 | |
Operating
Activities
Our cash flow from operations varies significantly
from quarter to quarter and from year to year, depending on our operating results and the timing of operating cash receipts and payments,
specifically trade accounts receivable and trade accounts payable.
Gross trade accounts receivable increased
to $43.7 million at January 31, 2024 from $37.7 million at July 31, 2023 primarily due to amounts billed in the six months ended January
31, 2024 that were greater than collections during the period, partially offset by changes in foreign currency exchange rates.
Deferred revenue arises from sales of prepaid
products and varies from period to period depending on the mix and the timing of revenues. Deferred revenue decreased to $33.8 million
at January 31, 2024 from $35.3 million at July 31, 2023 primarily due to decreases in the BOSS Revolution Calling and IDT Digital Payments
deferred revenue balances.
Customer deposit liabilities at IDT Financial
Services increased to $87.6 million at January 31, 2024 from $86.5 million at July 31, 2023. Our restricted cash and cash equivalents
included $88.2 million and $87.3 million at January 31, 2024 and July 31, 2023, respectively, held by the bank.
In
September 2017, we and certain of our subsidiaries were certified by the New Jersey Economic Development Authority, or NJEDA, as having
met the requirements of the Grow New Jersey Assistance Act Tax Credit Program. The program provides for credits against a corporation’s
New Jersey corporate business tax liability for maintaining a minimum number of employees in New Jersey, and that tax credits may be
sold subject to certain conditions. On June 5, 2023, we received a 2019 tax credit certificate for $1.8 million from the NJEDA. In August
2023, we sold the certificate for cash of $1.6 million.
On
June 21, 2018, the United States Supreme Court rendered a decision in South Dakota v. Wayfair, Inc., holding that a state may require
a remote seller with no physical presence in the state to collect and remit sales tax on goods and services provided to purchasers in
the state, overturning certain existing court precedent. It is possible that one or more jurisdictions may assert that we have liability
for periods for which we have not collected sales, use or other similar taxes, and if such an assertion or assertions were successful
it could materially and adversely affect our business, financial position, and operating results. One or more jurisdictions may change
their laws or policies to apply their sales, use or other similar taxes to our operations, and if such changes were made it could materially
and adversely affect our business, financial position, and operating results.
As
discussed in Note 16 to the Consolidated Financial Statements included in Item 1 to Part I of this Quarterly Report, we (as well as other
defendants) were named in a class action on behalf of the stockholders of our former subsidiary, Straight Path. On October 3, 2023, the
Court of Chancery of the State of Delaware dismissed all claims against us, and found that, contrary to the plaintiffs’ allegations,
the class suffered no damages. The plaintiffs will have 30 days from entry of the final order to file an appeal.
Investing
Activities
Our capital expenditures were $8.9 million
and $10.6 million in the six months ended January 31, 2024 and 2023, respectively. We currently anticipate that total capital expenditures
in the twelve-month period ending January 31, 2025 will be $21 million to $23 million. We expect to fund our capital expenditures with
our net cash provided by operating activities and cash, cash equivalents, debt securities, and current equity investments on hand.
As of July 27, 2023, the EMI’s shareholders
including us agreed to purchase additional shares of the EMI’s convertible preferred stock. We subscribed to purchase additional
shares for an aggregate of $1.0 million. In the six months ended January 31, 2024, we paid $1.0 million to purchase the EMI’s shares.
In February 2024, each of the EMI’s shareholders agreed to purchase additional shares of the EMI’s convertible preferred stock.
We paid $0.3 million in February 2024 and we are committed to pay $0.2 million in March 2024 to purchase the additional shares.
In January 2024, we acquired certain software
and intellectual property for an online ordering platform for $0.1 million.
Purchases of debt securities and equity investments
were $19.4 million and $28.1 million in the six months ended January 31, 2024 and 2023, respectively. Proceeds from maturities and sales
of debt securities and redemptions of equity investments were $31.2 million and $27.5 million in the six months ended January 31, 2024
and 2023, respectively.
Financing
Activities
We
distributed cash of $0.1 million and $0.2 million in the six months ended January 31, 2024 and 2023, respectively, to the noncontrolling
interests in certain of our subsidiaries.
In
the six months ended January 31, 2024 and 2023, we received proceeds from financing-related other liabilities of $0.1 million and $0.3
million, respectively.
In
the six months ended January 31, 2024 and 2023, we repaid financing-related other liabilities of $15,000 and $2.0 million, respectively.
Our
subsidiary, IDT Telecom, Inc., or IDT Telecom, entered into a credit agreement, dated as of May 17, 2021, with TD Bank, N.A. for a revolving
credit facility for up to a maximum principal amount of $25.0 million. As of July 28, 2023, IDT Telecom and TD Bank, N.A. amended certain
terms of the credit agreement. IDT Telecom may use the proceeds to finance working capital requirements and for certain closing costs
of the facility. At January 31, 2024 and July 31, 2023, there were no amounts outstanding under this facility. In the six months ended
January 31, 2024 and 2023, IDT Telecom borrowed and repaid an aggregate of $30.6 million and $2.4 million, respectively, under the facility.
The revolving credit facility is secured by primarily all of IDT Telecom’s assets. The principal outstanding bears interest per
annum at the secured overnight financing rate published by the Federal Reserve Bank of New York plus 10 basis points, plus depending
upon IDT Telecom’s leverage ratio as computed for the most recent fiscal quarter, 125 to 175 basis points. Interest is payable
monthly, and all outstanding principal and any accrued and unpaid interest is due on May 16, 2026. IDT Telecom pays a quarterly unused
commitment fee on the average daily balance of the unused portion of the $25.0 million commitment of 30 to 85 basis points, depending
upon IDT Telecom’s leverage ratio as computed for the most recent fiscal quarter. IDT Telecom is required to comply with various
affirmative and negative covenants as well as maintain certain targets based on financial ratios during the term of the revolving credit
facility. As of January 31, 2024, IDT Telecom was in compliance with all of the covenants.
In both the six months ended January 31, 2024
and 2023, we received cash from the exercise of stock options of $0.2 million for which we issued 12,500 shares of our Class B common
stock.
We have an existing stock repurchase program
authorized by our Board of Directors for the repurchase of shares of our Class B common stock. The Board of Directors authorized the repurchase
of up to 8.0 million shares in the aggregate. In the six months ended January 31, 2024, we repurchased 135,261 shares of Class B
common stock for an aggregate purchase price of $3.2 million. In the six months ended January 31, 2023, we repurchased 203,436 shares
of Class B common stock for an aggregate purchase price of $5.0 million. At January 31, 2024, 4.6 million shares remained available for
repurchase under the stock repurchase program.
In the six months ended January 31, 2024 and
2023, we paid $15,000 and $0.3 million, respectively, to repurchase 654 and 13,403 shares, respectively, of our Class B common stock that
were tendered by employees of ours to satisfy the employees’ tax withholding obligations in connection with the vesting of DSUs,
the lapsing of restrictions on restricted stock, and shares issued for bonus payments. Such shares were repurchased by us based on their
fair market value as of the close of business on the trading day immediately prior to the vesting date.
In January 2024, the restrictions lapsed on
the 0.5 million restricted shares of net2phone 2.0 Class B common stock that were granted in December 2020 to each of Howard S. Jonas
and Shmuel Jonas, our Chief Executive Officer. In addition, in January 2024, Bill Pereira was granted 50,000 shares of net2phone 2.0 Class
B common stock. We withheld a portion of these shares representing an aggregate of 4.5% of the outstanding shares of net2phone 2.0 with
an aggregate fair value of $3.6 million to satisfy the grantees’ tax withholding obligations in connection with the lapsing of restrictions
on restricted stock or the grant of shares.
In January
2024, we exchanged an aggregate of 192,433 shares of our Class B common stock with a value of $6.3 million for shares of NRS’
Class B common stock that were held by management employees of NRS representing an aggregate of 1.25% of NRS’ outstanding
shares.
In
March 2024, our Board of Directors initiated a quarterly cash dividend of $0.05 per share on our Class A and Class B common stock. The
initial dividend will be paid on or about March 27, 2024 with a record date of March 19, 2024. The dividend will supplement our existing
stock repurchase program.
Other Sources and Uses of Resources
We are considering spin-offs and other potential
dispositions of certain of our subsidiaries. Some of the transactions under consideration are in early stages and others are more advanced.
A spin-off may include the contribution of a significant amount of cash, cash equivalents, debt securities, and/or equity securities to
the subsidiary prior to the spin-off, which would reduce our capital resources. There is no assurance that any of these transactions will
be completed.
We intend to, where appropriate, make strategic
investments and acquisitions to complement, expand, and/or enter into new businesses. In considering acquisitions and investments, we
search for opportunities to profitably grow our existing businesses and/or to add qualitatively to the range and diversification of businesses
in our portfolio. We cannot guarantee that we will be presented with acquisition opportunities that meet our return-on-investment criteria,
or that our efforts to make acquisitions that meet our criteria will be successful.
Item
3. Quantitative and Qualitative Disclosures About Market Risks
Foreign
Currency Risk
Revenues
from our international operations were 23% and 28% of our consolidated revenues in the three months ended January 31, 2024 and 2023,
respectively, and 25% and 28% of our consolidated revenues in the six months ended January 31, 2024 and 2023, respectively. A significant
portion of our revenues is in currencies other than the U.S. Dollar. Our foreign currency exchange risk is somewhat mitigated by our
ability to offset a portion of these non-U.S. Dollar-denominated revenues with operating expenses that are paid in the same currencies.
While the impact from fluctuations in foreign exchange rates affects our revenues and expenses denominated in foreign currencies, the
net amount of our exposure to foreign currency exchange rate changes at the end of each reporting period is generally not material.
Investment
Risk
We
hold a portion of our assets in debt and equity securities, including hedge funds, for strategic and speculative purposes. At January
31, 2024 and July 31, 2023, the value of our debt and equity security holdings was an aggregate of $44.1 million and $58.5 million, respectively,
which represented 8% and 11% of our total assets at January 31, 2024 and July 31, 2023, respectively. Investments in debt and equity
securities carry a degree of risk and depend to a great extent on correct assessments of the future course of price movements of securities
and other instruments. There can be no assurance that our investment managers will be able to accurately predict these price movements.
The securities markets have in recent years been characterized by great volatility and unpredictability. Accordingly, the value of our
investments may go down as well as up and we may not receive the amounts originally invested upon redemption.
Item
4. Controls and Procedures
Evaluation
of Disclosure Controls and Procedures. Our Chief Executive Officer and Chief Financial Officer have evaluated the effectiveness of
our disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) of the Securities Exchange Act of 1934, as amended),
as of the end of the period covered by this Quarterly Report on Form 10-Q. Based on this evaluation, our Chief Executive Officer and
Chief Financial Officer have concluded that our disclosure controls and procedures were effective as of January 31, 2024.
Changes
in Internal Control over Financial Reporting. There were no changes in our internal control over financial reporting during the fiscal
quarter ended January 31, 2024 that have materially affected, or are reasonably likely to materially affect, our internal control over
financial reporting.
PART
II. OTHER INFORMATION
Item
1. Legal Proceedings
Legal
proceedings in which we are involved are described in Note 16 to the Consolidated Financial Statements included in Item 1 to Part I of
this Quarterly Report.
Item
1A. Risk Factors
There
are no material changes from the risk factors previously disclosed in Item 1A to Part I of the 2023 Form 10-K.
Item
2. Unregistered Sales of Equity Securities and Use of Proceeds
The
following table provides information with respect to purchases by us of our shares during the second quarter of fiscal 2024:
| |
Total Number of Shares Purchased | | |
Average Price per
Share | | |
Total Number of Shares Purchased as part of Publicly Announced Plans or Programs | | |
Maximum Number of Shares that May Yet Be Purchased Under the Plans or Programs
(1) | |
November
1-30, 2023 | |
| — | | |
$ | — | | |
| — | | |
| 4,576,737 | |
December
1–31, 2023 | |
| — | | |
$ | — | | |
| — | | |
| 4,576,737 | |
January
1–31, 2024 | |
| 9,791 | | |
$ | 32.49 | | |
| 9,791 | | |
| 4,566,946 | |
| |
| | | |
| | | |
| | | |
| | |
Total | |
| 9,791 | | |
$ | 32.49 | | |
| 9,791 | | |
| | |
(1) | On
January 22, 2016, our Board of Directors approved a stock repurchase program to purchase
up to 8.0 million shares of our Class B common stock. |
Item
3. Defaults Upon Senior Securities
None
Item
4. Mine Safety Disclosures
Not
applicable
Item
5. Other Information
None
Item 6. Exhibits
* Filed herewith.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by
the undersigned thereunto duly authorized.
|
IDT
CORPORATION |
|
|
|
March
11, 2024 |
By: |
/s/
SHMUEL JONAS |
|
|
Shmuel Jonas |
|
|
Chief Executive Officer |
|
|
|
March
11, 2024 |
By: |
/s/
MARCELO FISCHER |
|
|
Marcelo Fischer |
|
|
Chief Financial Officer |
EXHIBIT
31.1
CERTIFICATION
OF CHIEF EXECUTIVE OFFICER
PURSUANT
TO EXCHANGE ACT RULE 13a-14(a)/15d-14(a)
AS
ADOPTED PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002
I,
Shmuel Jonas, certify that:
1.
I have reviewed this Quarterly Report on Form 10-Q of IDT Corporation;
2.
Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary
to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the
period covered by this report;
3.
Based on my knowledge, the financial statements, and other financial information included in this Report, fairly present in all material
respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this
report;
4.
The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures
(as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act
Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
(a)
Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision,
to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others
within those entities, particularly during the period in which this report is being prepared;
(b)
Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under
our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements
for external purposes in accordance with generally accepted accounting principles;
(c)
Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions
about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation;
and
(d)
Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s
most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected,
or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and
5.
The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over
financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons
performing the equivalent functions):
(a)
All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are
reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information;
and
(b)
Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s
internal control over financial reporting.
Date:
March 11, 2024
|
/s/
SHMUEL JONAS |
|
Shmuel
Jonas |
|
Chief
Executive Officer |
EXHIBIT
31.2
CERTIFICATION
OF CHIEF FINANCIAL OFFICER
PURSUANT
TO EXCHANGE ACT RULE 13a-14(a)/15d-14(a)
AS
ADOPTED PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002
I,
Marcelo Fischer, certify that:
1.
I have reviewed this Quarterly Report on Form 10-Q of IDT Corporation;
2.
Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary
to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the
period covered by this report;
3.
Based on my knowledge, the financial statements, and other financial information included in this Report, fairly present in all material
respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this
report;
4.
The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures
(as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act
Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
(a)
Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision,
to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others
within those entities, particularly during the period in which this report is being prepared;
(b)
Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under
our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements
for external purposes in accordance with generally accepted accounting principles;
(c)
Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions
about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation;
and
(d)
Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s
most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected,
or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and
5.
The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over
financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons
performing the equivalent functions):
(a)
All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are
reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information;
and
(b)
Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s
internal control over financial reporting.
Date:
March 11, 2024
|
/s/
MARCELO FISCHER |
|
Marcelo
Fischer |
|
Chief
Financial Officer |
EXHIBIT
32.1
Certification
Pursuant to
18
U.S.C. Section 1350
(as
Adopted Pursuant to Section 906 of
the
Sarbanes-Oxley Act Of 2002)
In
connection with the Quarterly Report of IDT Corporation (the “Company”) on Form 10-Q for the quarter ended January 31, 2024
as filed with the Securities and Exchange Commission (the “Report”), I, Shmuel Jonas, Chief Executive Officer of the Company,
certify, pursuant to 18 U.S.C. § 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that to my knowledge:
1.
The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and
2.
The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations
of the Company.
Date:
March 11, 2024
|
/s/
SHMUEL JONAS |
|
Shmuel
Jonas |
|
Chief
Executive Officer |
A
signed original of this written statement required by Section 906, or other document authenticating, acknowledging, or otherwise adopting
the signature that appears in typed form within the electronic version of this written statement required by Section 906, has been provided
to IDT Corporation and will be retained by IDT Corporation and furnished to the Securities and Exchange Commission or its staff upon
request.
EXHIBIT
32.2
Certification
Pursuant to
18
U.S.C. Section 1350
(as
Adopted Pursuant to Section 906 of
the
Sarbanes-Oxley Act Of 2002)
In
connection with the Quarterly Report of IDT Corporation (the “Company”) on Form 10-Q for the quarter ended January 31,
2024 as filed with the Securities and Exchange Commission (the “Report”), I, Marcelo Fischer, Chief Financial Officer of
the Company, certify, pursuant to 18 U.S.C. § 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that
to my knowledge:
1.
The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and
2.
The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations
of the Company.
Date:
March 11, 2024
|
/s/
MARCELO FISCHER |
|
Marcelo
Fischer |
|
Chief
Financial Officer |
A
signed original of this written statement required by Section 906, or other document authenticating, acknowledging, or otherwise adopting
the signature that appears in typed form within the electronic version of this written statement required by Section 906, has been provided
to IDT Corporation and will be retained by IDT Corporation and furnished to the Securities and Exchange Commission or its staff upon
request.
v3.24.0.1
Cover - shares
|
6 Months Ended |
|
Jan. 31, 2024 |
Mar. 06, 2024 |
Document Type |
10-Q
|
|
Amendment Flag |
false
|
|
Document Quarterly Report |
true
|
|
Document Transition Report |
false
|
|
Document Period End Date |
Jan. 31, 2024
|
|
Document Fiscal Period Focus |
Q2
|
|
Document Fiscal Year Focus |
2024
|
|
Current Fiscal Year End Date |
--07-31
|
|
Entity File Number |
1-16371
|
|
Entity Registrant Name |
IDT
CORPORATION
|
|
Entity Central Index Key |
0001005731
|
|
Entity Tax Identification Number |
22-3415036
|
|
Entity Incorporation, State or Country Code |
DE
|
|
Entity Address, Address Line One |
520
Broad Street
|
|
Entity Address, City or Town |
Newark
|
|
Entity Address, State or Province |
NJ
|
|
Entity Address, Postal Zip Code |
07102
|
|
City Area Code |
(973)
|
|
Local Phone Number |
438-1000
|
|
Title of 12(b) Security |
Class
B common stock, par value $.01 per share
|
|
Trading Symbol |
IDT
|
|
Security Exchange Name |
NYSE
|
|
Entity Current Reporting Status |
Yes
|
|
Entity Interactive Data Current |
Yes
|
|
Entity Filer Category |
Accelerated Filer
|
|
Entity Small Business |
false
|
|
Entity Emerging Growth Company |
false
|
|
Entity Shell Company |
false
|
|
Common Class A [Member] |
|
|
Entity Common Stock, Shares Outstanding |
|
1,574,326
|
Common Class B [Member] |
|
|
Entity Common Stock, Shares Outstanding |
|
23,813,251
|
X |
- DefinitionBoolean flag that is true when the XBRL content amends previously-filed or accepted submission.
+ References
+ Details
Name: |
dei_AmendmentFlag |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionEnd date of current fiscal year in the format --MM-DD.
+ References
+ Details
Name: |
dei_CurrentFiscalYearEndDate |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:gMonthDayItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionFiscal period values are FY, Q1, Q2, and Q3. 1st, 2nd and 3rd quarter 10-Q or 10-QT statements have value Q1, Q2, and Q3 respectively, with 10-K, 10-KT or other fiscal year statements having FY.
+ References
+ Details
Name: |
dei_DocumentFiscalPeriodFocus |
Namespace Prefix: |
dei_ |
Data Type: |
dei:fiscalPeriodItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThis is focus fiscal year of the document report in YYYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006.
+ References
+ Details
Name: |
dei_DocumentFiscalYearFocus |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:gYearItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionFor the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.
+ References
+ Details
Name: |
dei_DocumentPeriodEndDate |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:dateItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionBoolean flag that is true only for a form used as an quarterly report.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form 10-Q -Number 240 -Section 308 -Subsection a
+ Details
Name: |
dei_DocumentQuarterlyReport |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionBoolean flag that is true only for a form used as a transition report.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Forms 10-K, 10-Q, 20-F -Number 240 -Section 13 -Subsection a-1
+ Details
Name: |
dei_DocumentTransitionReport |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.
+ References
+ Details
Name: |
dei_DocumentType |
Namespace Prefix: |
dei_ |
Data Type: |
dei:submissionTypeItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAddress Line 1 such as Attn, Building Name, Street Name
+ References
+ Details
Name: |
dei_EntityAddressAddressLine1 |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
dei_EntityAddressCityOrTown |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionCode for the postal or zip code
+ References
+ Details
Name: |
dei_EntityAddressPostalZipCode |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionName of the state or province.
+ References
+ Details
Name: |
dei_EntityAddressStateOrProvince |
Namespace Prefix: |
dei_ |
Data Type: |
dei:stateOrProvinceItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionA unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b-2
+ Details
Name: |
dei_EntityCentralIndexKey |
Namespace Prefix: |
dei_ |
Data Type: |
dei:centralIndexKeyItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionIndicate number of shares or other units outstanding of each of registrant's classes of capital or common stock or other ownership interests, if and as stated on cover of related periodic report. Where multiple classes or units exist define each class/interest by adding class of stock items such as Common Class A [Member], Common Class B [Member] or Partnership Interest [Member] onto the Instrument [Domain] of the Entity Listings, Instrument.
+ References
+ Details
Name: |
dei_EntityCommonStockSharesOutstanding |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- DefinitionIndicate 'Yes' or 'No' whether registrants (1) have filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that registrants were required to file such reports), and (2) have been subject to such filing requirements for the past 90 days. This information should be based on the registrant's current or most recent filing containing the related disclosure.
+ References
+ Details
Name: |
dei_EntityCurrentReportingStatus |
Namespace Prefix: |
dei_ |
Data Type: |
dei:yesNoItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionIndicate if registrant meets the emerging growth company criteria.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b-2
+ Details
Name: |
dei_EntityEmergingGrowthCompany |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionCommission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.
+ References
+ Details
Name: |
dei_EntityFileNumber |
Namespace Prefix: |
dei_ |
Data Type: |
dei:fileNumberItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionIndicate whether the registrant is one of the following: Large Accelerated Filer, Accelerated Filer, Non-accelerated Filer. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b-2
+ Details
Name: |
dei_EntityFilerCategory |
Namespace Prefix: |
dei_ |
Data Type: |
dei:filerCategoryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTwo-character EDGAR code representing the state or country of incorporation.
+ References
+ Details
Name: |
dei_EntityIncorporationStateCountryCode |
Namespace Prefix: |
dei_ |
Data Type: |
dei:edgarStateCountryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionBoolean flag that is true when the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-T -Number 232 -Section 405
+ Details
Name: |
dei_EntityInteractiveDataCurrent |
Namespace Prefix: |
dei_ |
Data Type: |
dei:yesNoItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b-2
+ Details
Name: |
dei_EntityRegistrantName |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionBoolean flag that is true when the registrant is a shell company as defined in Rule 12b-2 of the Exchange Act.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b-2
+ Details
Name: |
dei_EntityShellCompany |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionIndicates that the company is a Smaller Reporting Company (SRC).
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b-2
+ Details
Name: |
dei_EntitySmallBusiness |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b-2
+ Details
Name: |
dei_EntityTaxIdentificationNumber |
Namespace Prefix: |
dei_ |
Data Type: |
dei:employerIdItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionLocal phone number for entity.
+ References
+ Details
Name: |
dei_LocalPhoneNumber |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTitle of a 12(b) registered security.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b
+ Details
Name: |
dei_Security12bTitle |
Namespace Prefix: |
dei_ |
Data Type: |
dei:securityTitleItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionName of the Exchange on which a security is registered.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection d1-1
+ Details
Name: |
dei_SecurityExchangeName |
Namespace Prefix: |
dei_ |
Data Type: |
dei:edgarExchangeCodeItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTrading symbol of an instrument as listed on an exchange.
+ References
+ Details
Name: |
dei_TradingSymbol |
Namespace Prefix: |
dei_ |
Data Type: |
dei:tradingSymbolItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Details
Name: |
us-gaap_StatementClassOfStockAxis=us-gaap_CommonClassAMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_StatementClassOfStockAxis=us-gaap_CommonClassBMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
v3.24.0.1
Consolidated Balance Sheets - USD ($) $ in Thousands |
Jan. 31, 2024 |
Jul. 31, 2023 |
Current assets: |
|
|
Cash and cash equivalents |
$ 141,081
|
$ 103,637
|
Restricted cash and cash equivalents |
93,231
|
95,186
|
Debt securities |
31,419
|
42,414
|
Equity investments |
5,076
|
6,198
|
Trade accounts receivable, net of allowance for credit losses of $6,315 at January 31, 2024 and allowance for doubtful accounts of $5,642 at July 31, 2023 |
37,392
|
32,092
|
Settlement assets, net of reserve of $1,514 at January 31, 2024 and $1,143 at July 31, 2023 |
17,200
|
32,396
|
Disbursement prefunding |
27,749
|
30,113
|
Prepaid expenses |
23,523
|
16,638
|
Other current assets |
30,905
|
28,394
|
Total current assets |
407,576
|
387,068
|
Property, plant, and equipment, net |
38,713
|
38,655
|
Goodwill |
26,318
|
26,457
|
Other intangibles, net |
7,026
|
8,196
|
Equity investments |
7,558
|
9,874
|
Operating lease right-of-use assets |
5,079
|
5,540
|
Deferred income tax assets, net |
18,313
|
24,101
|
Other assets |
11,195
|
10,919
|
Total assets |
521,778
|
510,810
|
Current liabilities: |
|
|
Trade accounts payable |
21,514
|
22,231
|
Accrued expenses |
107,181
|
110,796
|
Deferred revenue |
33,803
|
35,343
|
Customer deposits |
87,553
|
86,481
|
Settlement liabilities |
15,789
|
21,495
|
Other current liabilities |
19,194
|
17,761
|
Total current liabilities |
285,034
|
294,107
|
Operating lease liabilities |
2,448
|
2,881
|
Other liabilities |
3,716
|
3,354
|
Total liabilities |
291,198
|
300,342
|
Commitments and contingencies |
|
|
Redeemable noncontrolling interest |
10,693
|
10,472
|
IDT Corporation stockholders’ equity: |
|
|
Preferred stock, $.01 par value; authorized shares—10,000; no shares issued |
|
|
Additional paid-in capital |
300,631
|
301,408
|
Treasury stock, at cost, consisting of 1,698 and 1,698 shares of Class A common stock and 4,288 and 4,152 shares of Class B common stock at January 31, 2024 and July 31, 2023, respectively |
(118,631)
|
(115,461)
|
Accumulated other comprehensive loss |
(17,276)
|
(17,192)
|
Retained earnings |
46,746
|
24,662
|
Total IDT Corporation stockholders’ equity |
211,784
|
193,729
|
Noncontrolling interests |
8,103
|
6,267
|
Total equity |
219,887
|
199,996
|
Total liabilities, redeemable noncontrolling interest, and equity |
521,778
|
510,810
|
Common Class A [Member] |
|
|
IDT Corporation stockholders’ equity: |
|
|
Common stock, value |
33
|
33
|
Common Class B [Member] |
|
|
IDT Corporation stockholders’ equity: |
|
|
Common stock, value |
$ 281
|
$ 279
|
X |
- DefinitionCarrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 852 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481372/852-10-55-10
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(a)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1
+ Details
Name: |
us-gaap_AccountsPayableCurrent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionCarrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.20) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1
+ Details
Name: |
us-gaap_AccruedLiabilitiesCurrent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionAmount, after tax, of accumulated increase (decrease) in equity from transaction and other event and circumstance from nonowner source.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -Publisher FASB -URI https://asc.fasb.org//1943274/2147482790/220-10-45-14A
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482790/220-10-45-11
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 40 -Name Accounting Standards Codification -Section 65 -Paragraph 2 -Subparagraph (g)(2)(ii) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480016/944-40-65-2
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 40 -Name Accounting Standards Codification -Section 65 -Paragraph 2 -Subparagraph (h)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480016/944-40-65-2
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(30)(a)(4)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(23)(a)(3)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479440/944-210-S99-1
Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482790/220-10-45-14
+ Details
Name: |
us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionAmount of excess of issue price over par or stated value of stock and from other transaction involving stock or stockholder. Includes, but is not limited to, additional paid-in capital (APIC) for common and preferred stock.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 852 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481372/852-10-55-10
Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 946 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-04(18)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479617/946-210-S99-1
Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(30)(a)(1)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1
+ Details
Name: |
us-gaap_AdditionalPaidInCapital |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionSum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (bb) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481203/810-10-50-3
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 25 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481231/810-10-45-25
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(g)(1)(ii)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481687/323-10-50-3
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 28 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482907/825-10-50-28
Reference 6: http://www.xbrl.org/2003/role/exampleRef -Topic 852 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481372/852-10-55-10
Reference 7: http://www.xbrl.org/2003/role/exampleRef -Topic 946 -SubTopic 830 -Name Accounting Standards Codification -Section 55 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480167/946-830-55-12
Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(12)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479440/944-210-S99-1
Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22
Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-04(8)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479617/946-210-S99-1
Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(18)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1
Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(i)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A
Reference 13: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(ii)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A
Reference 14: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(iii)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A
Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(iii)(A)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A
Reference 16: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(iv)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A
Reference 17: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(5)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A
Reference 18: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(i)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B
Reference 19: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iii)(A)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B
Reference 20: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iii)(B)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B
Reference 21: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iv)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B
Reference 22: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(5)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B
Reference 23: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 852 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481404/852-10-50-7
Reference 24: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 30 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30
Reference 25: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32
Reference 26: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(11)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479853/942-210-S99-1
+ Details
Name: |
us-gaap_Assets |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionSum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (bb) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481203/810-10-50-3
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 25 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481231/810-10-45-25
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(g)(1)(ii)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481687/323-10-50-3
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 28 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482907/825-10-50-28
Reference 6: http://www.xbrl.org/2003/role/exampleRef -Topic 852 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481372/852-10-55-10
Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483467/210-10-45-1
Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(9)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1
Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(i)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A
Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(ii)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A
Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(iii)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A
Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(iii)(A)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A
Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(iv)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A
Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(5)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A
Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(i)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B
Reference 16: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iii)(A)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B
Reference 17: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iii)(B)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B
Reference 18: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iv)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B
Reference 19: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(5)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B
Reference 20: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 852 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481404/852-10-50-7
+ Details
Name: |
us-gaap_AssetsCurrent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- References
+ Details
Name: |
us-gaap_AssetsCurrentAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAmount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(1)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1
Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483467/210-10-45-1
Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482740/230-10-45-4
+ Details
Name: |
us-gaap_CashAndCashEquivalentsAtCarryingValue |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionRepresents the caption on the face of the balance sheet to indicate that the entity has entered into (1) purchase or supply arrangements that will require expending a portion of its resources to meet the terms thereof, and (2) is exposed to potential losses or, less frequently, gains, arising from (a) possible claims against a company's resources due to future performance under contract terms, and (b) possible losses or likely gains from uncertainties that will ultimately be resolved when one or more future events that are deemed likely to occur do occur or fail to occur.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(19)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479440/944-210-S99-1
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-04(15)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479617/946-210-S99-1
Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.17) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479853/942-210-S99-1
Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.25) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1
+ Details
Name: |
us-gaap_CommitmentsAndContingencies |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionAggregate par or stated value of issued nonredeemable common stock (or common stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable common shares, par value and other disclosure concepts are in another section within stockholders' equity.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 852 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481372/852-10-55-10
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(22)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479440/944-210-S99-1
Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(29)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1
+ Details
Name: |
us-gaap_CommonStockValue |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionAmount of obligation to transfer good or service to customer for which consideration has been received or is receivable, classified as current.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479837/606-10-45-1
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 8 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-8
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479837/606-10-45-2
+ Details
Name: |
us-gaap_ContractWithCustomerLiabilityCurrent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionAmount, after allowance for credit loss, of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale), investment in debt security measured at amortized cost (held-to-maturity), and investment in debt security measured at fair value with change in fair value recognized in net income (trading), classified as current.
+ References
+ Details
Name: |
us-gaap_DebtSecuritiesCurrent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionThe current portion, due within one year or one operating cycle, if longer, of deposits held other than customer deposits.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.20) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1
+ Details
Name: |
us-gaap_DepositLiabilityCurrent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionAmount of investment in equity security measured at fair value with change in fair value recognized in net income (FV-NI), classified as current.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(2)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1
Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483467/210-10-45-1
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 1A -Publisher FASB -URI https://asc.fasb.org//1943274/2147482736/825-10-45-1A
+ Details
Name: |
us-gaap_EquitySecuritiesFvNi |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionAmount after accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 852 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481372/852-10-55-10
Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 24 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482548/350-20-55-24
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(15)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482598/350-20-45-1
Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1
Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (h) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1
Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(10)(1)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479853/942-210-S99-1
+ Details
Name: |
us-gaap_Goodwill |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionSum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481203/810-10-50-3
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 25 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481231/810-10-45-25
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (bb) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481203/810-10-50-3
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(g)(1)(ii)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481687/323-10-50-3
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 28 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482907/825-10-50-28
Reference 7: http://www.xbrl.org/2003/role/exampleRef -Topic 946 -SubTopic 830 -Name Accounting Standards Codification -Section 55 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480167/946-830-55-12
Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-04(14)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479617/946-210-S99-1
Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(i)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A
Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(ii)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A
Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(iii)(A)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A
Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(iv)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A
Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(5)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A
Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(i)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B
Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iii)(A)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B
Reference 16: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iii)(B)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B
Reference 17: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iv)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B
Reference 18: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(5)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B
Reference 19: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 852 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481404/852-10-50-7
Reference 20: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 852 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481404/852-10-50-7
Reference 21: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 30 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30
Reference 22: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19-26) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1
+ Details
Name: |
us-gaap_Liabilities |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionAmount of liabilities and equity items, including the portion of equity attributable to noncontrolling interests, if any.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 852 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481372/852-10-55-10
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(25)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479440/944-210-S99-1
Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(g)(1)(ii)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1
Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481687/323-10-50-3
Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 28 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482907/825-10-50-28
Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(23)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479853/942-210-S99-1
Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(32)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1
+ Details
Name: |
us-gaap_LiabilitiesAndStockholdersEquity |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionTotal obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481203/810-10-50-3
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 25 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481231/810-10-45-25
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (bb) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481203/810-10-50-3
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(g)(1)(ii)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481687/323-10-50-3
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 28 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482907/825-10-50-28
Reference 7: http://www.xbrl.org/2003/role/exampleRef -Topic 852 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481372/852-10-55-10
Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483467/210-10-45-5
Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(i)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A
Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(ii)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A
Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(iii)(A)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A
Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(iv)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A
Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(5)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A
Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(i)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B
Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iii)(A)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B
Reference 16: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iii)(B)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B
Reference 17: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iv)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B
Reference 18: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(5)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B
Reference 19: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 852 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481404/852-10-50-7
Reference 20: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 852 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481404/852-10-50-7
Reference 21: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.21) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1
+ Details
Name: |
us-gaap_LiabilitiesCurrent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- References
+ Details
Name: |
us-gaap_LiabilitiesCurrentAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe total amount of investments that are intended to be held for an extended period of time (longer than one operating cycle).
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(12)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1
+ Details
Name: |
us-gaap_LongTermInvestments |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionAmount of equity (deficit) attributable to noncontrolling interest. Excludes temporary equity.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(g)(1)(ii)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481687/323-10-50-3
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 28 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482907/825-10-50-28
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(24)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479440/944-210-S99-1
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-04(19)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479617/946-210-S99-1
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(i)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A
Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(iv)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A
Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(5)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A
Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(i)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B
Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iv)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B
Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(5)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B
Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(22)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479853/942-210-S99-1
Reference 13: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.31) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1
+ Details
Name: |
us-gaap_MinorityInterest |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionPresent value of lessee's discounted obligation for lease payments from operating lease, classified as noncurrent.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479041/842-20-45-1
+ Details
Name: |
us-gaap_OperatingLeaseLiabilityNoncurrent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionAmount of lessee's right to use underlying asset under operating lease.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479041/842-20-45-1
+ Details
Name: |
us-gaap_OperatingLeaseRightOfUseAsset |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionAmount of current assets classified as other.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 852 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481372/852-10-55-10
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(8)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1
+ Details
Name: |
us-gaap_OtherAssetsCurrent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionAmount of noncurrent assets classified as other.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(17)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1
+ Details
Name: |
us-gaap_OtherAssetsNoncurrent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionAmount after accumulated amortization of finite-lived and indefinite-lived intangible assets classified as other.
+ References
+ Details
Name: |
us-gaap_OtherIntangibleAssetsNet |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionAmount of liabilities classified as other, due within one year or the normal operating cycle, if longer.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 852 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481372/852-10-55-10
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.20) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1
+ Details
Name: |
us-gaap_OtherLiabilitiesCurrent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionAmount of liabilities classified as other, due after one year or the normal operating cycle, if longer.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.24) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1
+ Details
Name: |
us-gaap_OtherLiabilitiesNoncurrent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionAggregate par or stated value of issued nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable preferred shares, par value and other disclosure concepts are in another section within stockholders' equity.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 852 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481372/852-10-55-10
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(21)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479440/944-210-S99-1
Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(28)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1
+ Details
Name: |
us-gaap_PreferredStockValue |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionAmount of asset related to consideration paid in advance for costs that provide economic benefits within a future period of one year or the normal operating cycle, if longer.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Subparagraph (g) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483467/210-10-45-1
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(7)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 340 -SubTopic 10 -Name Accounting Standards Codification -Section 05 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482955/340-10-05-5
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 340 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483032/340-10-45-1
+ Details
Name: |
us-gaap_PrepaidExpenseCurrent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionAmount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 360 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482099/360-10-50-1
Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 852 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481372/852-10-55-10
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(8)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479440/944-210-S99-1
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 360 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480842/942-360-50-1
+ Details
Name: |
us-gaap_PropertyPlantAndEquipmentNet |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionThe total amount due to the entity within one year of the balance sheet date (or one operating cycle, if longer) from outside sources, including trade accounts receivable, notes and loans receivable, as well as any other types of receivables, net of allowances established for the purpose of reducing such receivables to an amount that approximates their net realizable value.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 852 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481372/852-10-55-10
+ Details
Name: |
us-gaap_ReceivablesNetCurrent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionAs of the reporting date, the aggregate carrying amount of all noncontrolling interests which are redeemable by the (parent) entity (1) at a fixed or determinable price on a fixed or determinable date, (2) at the option of the holder of the noncontrolling interest, or (3) upon occurrence of an event that is not solely within the control of the (parent) entity. This item includes noncontrolling interest holder's ownership (or holders' ownership) regardless of the type of equity interest (common, preferred, other) including all potential organizational (legal) forms of the investee entity.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 480 -SubTopic 10 -Subparagraph (12)(c) -Section S99 -Paragraph 3A -Publisher FASB -URI https://asc.fasb.org//1943274/2147480244/480-10-S99-3A
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 480 -SubTopic 10 -Subparagraph 14 -Paragraph 3A -Section S99 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480244/480-10-S99-3A
Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 480 -SubTopic 10 -Subparagraph 15 -Paragraph 3A -Section S99 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480244/480-10-S99-3A
Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 480 -SubTopic 10 -Subparagraph (16)(c) -Paragraph 3A -Section S99 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480244/480-10-S99-3A
+ Details
Name: |
us-gaap_RedeemableNoncontrollingInterestEquityCarryingAmount |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionAmount of cash and cash equivalents restricted as to withdrawal or usage, classified as current. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(1)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482913/230-10-50-8
Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482740/230-10-45-4
+ Details
Name: |
us-gaap_RestrictedCashAndCashEquivalentsAtCarryingValue |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionAmount of accumulated undistributed earnings (deficit).
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 852 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481372/852-10-55-10
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 40 -Name Accounting Standards Codification -Section 65 -Paragraph 2 -Subparagraph (g)(2)(i) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480016/944-40-65-2
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 40 -Name Accounting Standards Codification -Section 65 -Paragraph 2 -Subparagraph (h)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480016/944-40-65-2
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480990/946-20-50-11
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(23)(a)(4)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479440/944-210-S99-1
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-04(17)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479617/946-210-S99-1
Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480008/505-10-S99-1
Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(30)(a)(3)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1
+ Details
Name: |
us-gaap_RetainedEarningsAccumulatedDeficit |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionCash received or short term receivables for unsettled money transfers, money orders, consumer payments, or business to business payments. Settlement assets include clearing and settling customers payments due to and from financial institutions and may include cash and cash equivalents.
+ References
+ Details
Name: |
us-gaap_SettlementAssetsCurrent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionAmounts payable for money transfers, money orders, and consumer payment service arrangements. Settlement liabilities include amounts payable to intermediaries for global payment transfers.
+ References
+ Details
Name: |
us-gaap_SettlementLiabilitiesCurrent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionAmount of equity (deficit) attributable to parent. Excludes temporary equity and equity attributable to noncontrolling interest.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 852 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481372/852-10-55-10
Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 946 -SubTopic 830 -Name Accounting Standards Codification -Section 55 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480167/946-830-55-12
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-04(19)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479617/946-210-S99-1
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.6-05(4)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479617/946-210-S99-2
Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.6-09(4)(b)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483575/946-220-S99-3
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.6-09(6)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483575/946-220-S99-3
Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.6-09(7)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483575/946-220-S99-3
Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(g)(1)(ii)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1
Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481687/323-10-50-3
Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 28 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482907/825-10-50-28
Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(29)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1
Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(31)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1
Reference 13: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(30)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1
Reference 14: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 4.E) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480418/310-10-S99-2
+ Details
Name: |
us-gaap_StockholdersEquity |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- References
+ Details
Name: |
us-gaap_StockholdersEquityAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAmount of equity (deficit) attributable to parent and noncontrolling interest. Excludes temporary equity.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 24 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483421/250-10-45-24
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 23 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483421/250-10-45-23
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 5 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483421/250-10-45-5
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 10 -Name Accounting Standards Codification -Section 65 -Paragraph 5 -Subparagraph (c)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479654/326-10-65-5
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 20 -Name Accounting Standards Codification -Section 65 -Paragraph 6 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480528/815-20-65-6
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 20 -Name Accounting Standards Codification -Section 65 -Paragraph 6 -Subparagraph (h)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480528/815-20-65-6
Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 20 -Name Accounting Standards Codification -Section 65 -Paragraph 6 -Subparagraph (h)(1)(i) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480528/815-20-65-6
Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 20 -Name Accounting Standards Codification -Section 65 -Paragraph 6 -Subparagraph (h)(1)(iii) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480528/815-20-65-6
Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 20 -Name Accounting Standards Codification -Section 65 -Paragraph 6 -Subparagraph (h)(1)(iv) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480528/815-20-65-6
Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 20 -Name Accounting Standards Codification -Section 65 -Paragraph 6 -Subparagraph (i)(3) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480528/815-20-65-6
Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 848 -SubTopic 10 -Name Accounting Standards Codification -Section 65 -Paragraph 2 -Subparagraph (a)(3)(iii)(03) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483550/848-10-65-2
Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 105 -SubTopic 10 -Name Accounting Standards Codification -Section 65 -Paragraph 6 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479343/105-10-65-6
Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 105 -SubTopic 10 -Name Accounting Standards Codification -Section 65 -Paragraph 6 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479343/105-10-65-6
Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 40 -Name Accounting Standards Codification -Section 65 -Paragraph 2 -Subparagraph (f)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480016/944-40-65-2
Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 40 -Name Accounting Standards Codification -Section 65 -Paragraph 2 -Subparagraph (f)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480016/944-40-65-2
Reference 16: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 65 -Paragraph 8 -Subparagraph (d)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482615/740-10-65-8
Reference 17: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 65 -Paragraph 8 -Subparagraph (d)(3) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482615/740-10-65-8
Reference 18: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 10 -Name Accounting Standards Codification -Section 65 -Paragraph 4 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479654/326-10-65-4
Reference 19: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 65 -Paragraph 15 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480336/718-10-65-15
Reference 20: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 65 -Paragraph 15 -Subparagraph (f)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480336/718-10-65-15
Reference 21: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 65 -Paragraph 15 -Subparagraph (f)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480336/718-10-65-15
Reference 22: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b)(3) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483443/250-10-50-1
Reference 23: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 40 -Name Accounting Standards Codification -Section 65 -Paragraph 1 -Subparagraph (e)(3) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480175/815-40-65-1
Reference 24: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483443/250-10-50-7
Reference 25: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482765/220-10-50-5
Reference 26: http://www.xbrl.org/2003/role/disclosureRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481674/830-30-50-1
Reference 27: http://www.xbrl.org/2003/role/disclosureRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 17 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481694/830-30-45-17
Reference 28: http://www.xbrl.org/2003/role/disclosureRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 20 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481694/830-30-45-20
Reference 29: http://www.xbrl.org/2003/role/exampleRef -Topic 946 -SubTopic 830 -Name Accounting Standards Codification -Section 55 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480167/946-830-55-11
Reference 30: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 205 -Name Accounting Standards Codification -Section 45 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480767/946-205-45-3
Reference 31: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 505 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481004/946-505-50-3
Reference 32: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-04(19)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479617/946-210-S99-1
Reference 33: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.6-05(4)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479617/946-210-S99-2
Reference 34: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.6-09(4)(b)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483575/946-220-S99-3
Reference 35: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.6-09(6)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483575/946-220-S99-3
Reference 36: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.6-09(7)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483575/946-220-S99-3
Reference 37: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480008/505-10-S99-1
Reference 38: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(g)(1)(ii)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1
Reference 39: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481687/323-10-50-3
Reference 40: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 28 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482907/825-10-50-28
Reference 41: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481231/810-10-45-15
Reference 42: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 16 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481231/810-10-45-16
Reference 43: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 55 -Paragraph 4I -Publisher FASB -URI https://asc.fasb.org//1943274/2147481175/810-10-55-4I
+ Details
Name: |
us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionThe amount allocated to treasury stock. Treasury stock is common and preferred shares of an entity that were issued, repurchased by the entity, and are held in its treasury.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481520/505-30-50-4
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481549/505-30-45-1
Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.29,30) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1
+ Details
Name: |
us-gaap_TreasuryStockValue |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- Details
Name: |
us-gaap_StatementClassOfStockAxis=us-gaap_CommonClassAMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_StatementClassOfStockAxis=us-gaap_CommonClassBMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
v3.24.0.1
Consolidated Balance Sheets (Parenthetical) - USD ($) shares in Thousands, $ in Thousands |
Jan. 31, 2024 |
Jul. 31, 2023 |
Allowance for doubtful accounts receivable current |
$ 6,315
|
$ 5,642
|
Settlement assets, net of reserve |
$ 1,514
|
$ 1,143
|
Preferred stock, par value |
$ 0.01
|
$ 0.01
|
Preferred stock, shares authorized |
10,000
|
10,000
|
Preferred stock, shares issued |
0
|
0
|
Common Class A [Member] |
|
|
Common stock, par value |
$ 0.01
|
$ 0.01
|
Common stock, shares authorized |
35,000
|
35,000
|
Common stock, shares issued |
3,272
|
3,272
|
Common stock, shares outstanding |
1,574
|
1,574
|
Treasury stock shares |
1,698
|
1,698
|
Common Class B [Member] |
|
|
Common stock, par value |
$ 0.01
|
$ 0.01
|
Common stock, shares authorized |
200,000
|
200,000
|
Common stock, shares issued |
28,069
|
27,851
|
Common stock, shares outstanding |
23,781
|
23,699
|
Treasury stock shares |
4,288
|
4,152
|
X |
- DefinitionSettlement assets, net of reserve.
+ References
+ Details
Name: |
IDT_SettlementAssetsReserve |
Namespace Prefix: |
IDT_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionAmount of allowance for credit loss on accounts receivable, classified as current.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(4)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479344/326-20-45-1
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481962/310-10-50-4
+ Details
Name: |
us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionFace amount or stated value per share of common stock.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(29)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1
+ Details
Name: |
us-gaap_CommonStockParOrStatedValuePerShare |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:perShareItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- DefinitionThe maximum number of common shares permitted to be issued by an entity's charter and bylaws.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-04(16)(a)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479617/946-210-S99-1
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(29)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1
+ Details
Name: |
us-gaap_CommonStockSharesAuthorized |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- DefinitionTotal number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). These shares represent capital invested by the firm's shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(29)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1
+ Details
Name: |
us-gaap_CommonStockSharesIssued |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- DefinitionNumber of shares of common stock outstanding. Common stock represent the ownership interest in a corporation.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -SubTopic 10 -Topic 505 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-2
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.6-05(4)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479617/946-210-S99-2
Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.6-09(4)(b)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483575/946-220-S99-3
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-04(16)(a)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479617/946-210-S99-1
Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.6-09(7)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483575/946-220-S99-3
Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(29)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1
+ Details
Name: |
us-gaap_CommonStockSharesOutstanding |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- DefinitionFace amount or stated value per share of preferred stock nonredeemable or redeemable solely at the option of the issuer.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-13
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(28)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1
+ Details
Name: |
us-gaap_PreferredStockParOrStatedValuePerShare |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:perShareItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- DefinitionThe maximum number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) permitted to be issued by an entity's charter and bylaws.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-04(16)(a)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479617/946-210-S99-1
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(28)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1
+ Details
Name: |
us-gaap_PreferredStockSharesAuthorized |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- DefinitionTotal number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) issued to shareholders (includes related preferred shares that were issued, repurchased, and remain in the treasury). May be all or portion of the number of preferred shares authorized. Excludes preferred shares that are classified as debt.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-13
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(28)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1
+ Details
Name: |
us-gaap_PreferredStockSharesIssued |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- DefinitionNumber of previously issued common shares repurchased by the issuing entity and held in treasury.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481549/505-30-45-1
+ Details
Name: |
us-gaap_TreasuryStockCommonShares |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- Details
Name: |
us-gaap_StatementClassOfStockAxis=us-gaap_CommonClassAMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_StatementClassOfStockAxis=us-gaap_CommonClassBMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
v3.24.0.1
Consolidated Statements of Income (Unaudited) - USD ($) shares in Thousands, $ in Thousands |
3 Months Ended |
6 Months Ended |
Jan. 31, 2024 |
Jan. 31, 2023 |
Jan. 31, 2024 |
Jan. 31, 2023 |
Income Statement [Abstract] |
|
|
|
|
|
Revenues |
|
$ 296,098
|
$ 313,936
|
$ 597,302
|
$ 635,752
|
Direct cost of revenues |
|
198,699
|
223,499
|
405,475
|
456,170
|
Gross profit |
|
97,399
|
90,437
|
191,827
|
179,582
|
Operating expenses (gains): |
|
|
|
|
|
Selling, general and administrative |
[1] |
80,743
|
72,060
|
157,965
|
141,679
|
Severance |
|
345
|
213
|
869
|
312
|
Other operating expense (gain), net (see Note 10) |
|
294
|
(17)
|
(190)
|
(816)
|
Total operating expenses |
|
81,382
|
72,256
|
158,644
|
141,175
|
Income from operations |
|
16,017
|
18,181
|
33,183
|
38,407
|
Interest income, net |
|
1,195
|
810
|
2,039
|
1,320
|
Other income (expense), net |
|
2,534
|
1,613
|
(3,053)
|
(2,229)
|
Income before income taxes |
|
19,746
|
20,604
|
32,169
|
37,498
|
Provision for income taxes |
|
(3,992)
|
(5,295)
|
(7,939)
|
(9,634)
|
Net income |
|
15,754
|
15,309
|
24,230
|
27,864
|
Net income attributable to noncontrolling interests |
|
(1,329)
|
(686)
|
(2,146)
|
(2,239)
|
Net income attributable to IDT Corporation |
|
$ 14,425
|
$ 14,623
|
$ 22,084
|
$ 25,625
|
Earnings per share attributable to IDT Corporation common stockholders: |
|
|
|
|
|
Basic |
|
$ 0.57
|
$ 0.57
|
$ 0.88
|
$ 1.00
|
Diluted |
|
$ 0.57
|
$ 0.57
|
$ 0.87
|
$ 1.00
|
Weighted-average number of shares used in calculation of earnings per share: |
|
|
|
|
|
Basic |
|
25,175
|
25,510
|
25,176
|
25,556
|
Diluted |
|
25,317
|
25,538
|
25,297
|
25,577
|
|
|
X |
- DefinitionThe aggregate cost of goods produced and sold and services rendered during the reporting period.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(g)(1)(ii)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481687/323-10-50-3
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 28 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482907/825-10-50-28
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(i)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A
Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(ii)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(iii)(A)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A
Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(iv)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A
Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(5)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A
Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(i)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B
Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iii)(A)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B
Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iii)(B)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B
Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iv)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B
Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(5)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B
Reference 14: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2
+ Details
Name: |
us-gaap_CostOfRevenue |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_EarningsPerShareAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483443/250-10-50-3
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482635/260-10-55-15
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 40 -Name Accounting Standards Codification -Section 65 -Paragraph 1 -Subparagraph (e)(4) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480175/815-40-65-1
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 40 -Name Accounting Standards Codification -Section 65 -Paragraph 1 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480175/815-40-65-1
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 11 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483443/250-10-50-11
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 11 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483443/250-10-50-11
Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483443/250-10-50-7
Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482689/260-10-45-2
Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 60B -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482689/260-10-45-60B
Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483443/250-10-50-4
Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1
Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482689/260-10-45-10
Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(25)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2
Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(27)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1
Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(23)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483586/944-220-S99-1
Reference 16: http://www.xbrl.org/2003/role/exampleRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 52 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482635/260-10-55-52
Reference 17: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482689/260-10-45-7
+ Details
Name: |
us-gaap_EarningsPerShareBasic |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:perShareItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483443/250-10-50-3
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482635/260-10-55-15
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 40 -Name Accounting Standards Codification -Section 65 -Paragraph 1 -Subparagraph (e)(4) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480175/815-40-65-1
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 40 -Name Accounting Standards Codification -Section 65 -Paragraph 1 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480175/815-40-65-1
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 11 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483443/250-10-50-11
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 11 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483443/250-10-50-11
Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483443/250-10-50-7
Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482689/260-10-45-2
Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 60B -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482689/260-10-45-60B
Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483443/250-10-50-4
Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1
Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(25)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2
Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(27)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1
Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(23)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483586/944-220-S99-1
Reference 15: http://www.xbrl.org/2003/role/exampleRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 52 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482635/260-10-55-52
Reference 16: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482689/260-10-45-7
+ Details
Name: |
us-gaap_EarningsPerShareDiluted |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:perShareItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(g)(1)(ii)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481687/323-10-50-3
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 28 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482907/825-10-50-28
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(i)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A
Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(ii)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A
Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(iii)(A)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A
Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(iv)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A
Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(5)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A
Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(i)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B
Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iii)(A)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B
Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iii)(B)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B
Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iv)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B
Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(5)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B
Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 30 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30
Reference 16: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32
Reference 17: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31
Reference 18: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32
Reference 19: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1,2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2
+ Details
Name: |
us-gaap_GrossProfit |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_IncomeStatementAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe net amount of operating interest income (expense).
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04.10) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1
+ Details
Name: |
us-gaap_InterestIncomeExpenseNet |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionThe portion of profit or loss for the period, net of income taxes, which is attributable to the parent.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(g)(1)(ii)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481687/323-10-50-3
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 28 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482907/825-10-50-28
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482765/220-10-50-6
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483443/250-10-50-3
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483443/250-10-50-1
Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 40 -Name Accounting Standards Codification -Section 65 -Paragraph 1 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480175/815-40-65-1
Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483443/250-10-50-8
Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483443/250-10-50-9
Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 11 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483443/250-10-50-11
Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 11 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483443/250-10-50-11
Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483443/250-10-50-4
Reference 13: http://www.xbrl.org/2003/role/exampleRef -Topic 946 -SubTopic 830 -Name Accounting Standards Codification -Section 55 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480167/946-830-55-10
Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section 45 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483581/946-220-45-7
Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(18)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483586/944-220-S99-1
Reference 16: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22
Reference 17: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-07(9)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483575/946-220-S99-1
Reference 18: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.6-09(1)(d)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483575/946-220-S99-3
Reference 19: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(i)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A
Reference 20: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(ii)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A
Reference 21: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(iii)(A)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A
Reference 22: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(iv)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A
Reference 23: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(5)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A
Reference 24: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(i)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B
Reference 25: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iii)(A)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B
Reference 26: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iii)(B)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B
Reference 27: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iv)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B
Reference 28: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(5)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B
Reference 29: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 30 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30
Reference 30: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32
Reference 31: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 60B -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482689/260-10-45-60B
Reference 32: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31
Reference 33: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32
Reference 34: http://www.xbrl.org/2003/role/disclosureRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483499/205-20-50-7
Reference 35: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 28 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482740/230-10-45-28
Reference 36: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 1A -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482790/220-10-45-1A
Reference 37: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 1B -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482790/220-10-45-1B
Reference 38: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(20)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2
Reference 39: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(22)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1
+ Details
Name: |
us-gaap_NetIncomeLoss |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionAmount of Net Income (Loss) attributable to noncontrolling interest.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483443/250-10-50-8
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483443/250-10-50-9
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(17)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483586/944-220-S99-1
Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482765/220-10-50-6
Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1A -Subparagraph (a)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481203/810-10-50-1A
Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 55 -Paragraph 4J -Publisher FASB -URI https://asc.fasb.org//1943274/2147481175/810-10-55-4J
Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 1A -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482790/220-10-45-1A
Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 1B -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482790/220-10-45-1B
+ Details
Name: |
us-gaap_NetIncomeLossAttributableToNoncontrollingInterest |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionThe aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business).
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.7) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2
+ Details
Name: |
us-gaap_NonoperatingIncomeExpense |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionGenerally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense.
+ References
+ Details
Name: |
us-gaap_OperatingExpenses |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_OperatingExpensesAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe net result for the period of deducting operating expenses from operating revenues.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 30 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32
Reference 4: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32
+ Details
Name: |
us-gaap_OperatingIncomeLoss |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionThe net amount of other operating income and expenses, the components of which are not separately disclosed on the income statement, from items that are associated with the entity's normal revenue producing operations.
+ References
+ Details
Name: |
us-gaap_OtherOperatingIncomeExpenseNet |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionThe consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(g)(1)(ii)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481687/323-10-50-3
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 28 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482907/825-10-50-28
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483443/250-10-50-1
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 40 -Name Accounting Standards Codification -Section 65 -Paragraph 1 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480175/815-40-65-1
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483443/250-10-50-8
Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483443/250-10-50-9
Reference 8: http://www.xbrl.org/2003/role/exampleRef -Topic 946 -SubTopic 830 -Name Accounting Standards Codification -Section 55 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480167/946-830-55-11
Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 205 -Name Accounting Standards Codification -Section 45 -Paragraph 3 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480767/946-205-45-3
Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section 45 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483581/946-220-45-7
Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(16)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483586/944-220-S99-1
Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22
Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-07(9)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483575/946-220-S99-1
Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.6-09(1)(d)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483575/946-220-S99-3
Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 19 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481231/810-10-45-19
Reference 16: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482765/220-10-50-6
Reference 17: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(i)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A
Reference 18: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(ii)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A
Reference 19: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(iii)(A)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A
Reference 20: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(iv)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A
Reference 21: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(5)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A
Reference 22: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(i)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B
Reference 23: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iii)(A)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B
Reference 24: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iii)(B)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B
Reference 25: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iv)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B
Reference 26: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(5)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B
Reference 27: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 30 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30
Reference 28: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32
Reference 29: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31
Reference 30: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32
Reference 31: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 235 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-05(b)(2)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479557/942-235-S99-1
Reference 32: http://www.xbrl.org/2003/role/disclosureRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483499/205-20-50-7
Reference 33: http://www.xbrl.org/2003/role/exampleRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 4J -Publisher FASB -URI https://asc.fasb.org//1943274/2147481175/810-10-55-4J
Reference 34: http://www.xbrl.org/2003/role/exampleRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 4K -Publisher FASB -URI https://asc.fasb.org//1943274/2147481175/810-10-55-4K
Reference 35: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 1A -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482790/220-10-45-1A
Reference 36: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 1B -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482790/220-10-45-1B
Reference 37: http://www.xbrl.org/2003/role/disclosureRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482740/230-10-45-2
Reference 38: http://www.xbrl.org/2003/role/disclosureRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1A -Subparagraph (a)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481203/810-10-50-1A
Reference 39: http://www.xbrl.org/2003/role/disclosureRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1A -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481203/810-10-50-1A
+ Details
Name: |
us-gaap_ProfitLoss |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionAmount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss).
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(g)(1)(ii)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481687/323-10-50-3
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 28 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482907/825-10-50-28
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(1)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(i)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A
Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(ii)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A
Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(iii)(A)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A
Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(iv)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A
Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(5)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A
Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(i)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B
Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iii)(A)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B
Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iii)(B)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B
Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iv)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B
Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(5)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B
Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 30 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30
Reference 16: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42
Reference 17: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22
Reference 18: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32
Reference 19: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40
Reference 20: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22
Reference 21: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32
Reference 22: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41
Reference 23: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 235 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-05(b)(2)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479557/942-235-S99-1
+ Details
Name: |
us-gaap_Revenues |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionThe aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.4) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2
+ Details
Name: |
us-gaap_SellingGeneralAndAdministrativeExpense |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionAmount of expenses for special or contractual termination benefits provided to current employees involuntarily terminated under a benefit arrangement associated exit or disposal activities pursuant to an authorized plan. Excludes expenses related to one-time termination benefits, a discontinued operation or an asset retirement obligation.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 45 -Paragraph 28 -Subparagraph (b) -SubTopic 10 -Topic 230 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482740/230-10-45-28
+ Details
Name: |
us-gaap_SeveranceCosts1 |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionThe average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 16 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482689/260-10-45-16
+ Details
Name: |
us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionNumber of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482689/260-10-45-10
+ Details
Name: |
us-gaap_WeightedAverageNumberOfSharesOutstandingBasic |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_WeightedAverageNumberOfSharesOutstandingBasicAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.24.0.1
Consolidated Statements of Income (Unaudited) (Parenthetical) - USD ($) $ in Thousands |
3 Months Ended |
6 Months Ended |
Jan. 31, 2024 |
Jan. 31, 2023 |
Jan. 31, 2024 |
Jan. 31, 2023 |
Income Statement [Abstract] |
|
|
|
|
|
Share based compensation |
[1] |
$ 2,487
|
$ 1,286
|
$ 3,258
|
$ 1,858
|
|
|
X |
- References
+ Details
Name: |
us-gaap_IncomeStatementAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAmount of noncash expense for share-based payment arrangement.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 45 -Paragraph 28 -Subparagraph (a) -SubTopic 10 -Topic 230 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482740/230-10-45-28
+ Details
Name: |
us-gaap_ShareBasedCompensation |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
v3.24.0.1
Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands |
3 Months Ended |
6 Months Ended |
Jan. 31, 2024 |
Jan. 31, 2023 |
Jan. 31, 2024 |
Jan. 31, 2023 |
Income Statement [Abstract] |
|
|
|
|
Net income |
$ 15,754
|
$ 15,309
|
$ 24,230
|
$ 27,864
|
Change in unrealized loss on available-for-sale securities |
270
|
188
|
204
|
(34)
|
Foreign currency translation adjustments |
(919)
|
(2,227)
|
(288)
|
(2,372)
|
Other comprehensive loss |
(649)
|
(2,039)
|
(84)
|
(2,406)
|
Comprehensive income |
15,105
|
13,270
|
24,146
|
25,458
|
Comprehensive income attributable to noncontrolling interests |
(1,329)
|
(686)
|
(2,146)
|
(2,239)
|
Comprehensive income attributable to IDT Corporation |
$ 13,776
|
$ 12,584
|
$ 22,000
|
$ 23,219
|
X |
- DefinitionAmount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(24)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(26)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(22)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483586/944-220-S99-1
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 1A -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482790/220-10-45-1A
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 1B -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482790/220-10-45-1B
Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482790/220-10-45-5
+ Details
Name: |
us-gaap_ComprehensiveIncomeNetOfTax |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionAmount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income (loss) and other comprehensive income (loss), attributable to noncontrolling interests. Excludes changes in equity resulting from investments by owners and distributions to owners.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 45 -Paragraph 20 -SubTopic 10 -Topic 810 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481231/810-10-45-20
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(23)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(25)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(21)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483586/944-220-S99-1
Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 21 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481231/810-10-45-21
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 1A -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482790/220-10-45-1A
Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 1B -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482790/220-10-45-1B
Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 55 -Paragraph 4K -Publisher FASB -URI https://asc.fasb.org//1943274/2147481175/810-10-55-4K
+ Details
Name: |
us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionAmount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income. Excludes changes in equity resulting from investments by owners and distributions to owners.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 19 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481231/810-10-45-19
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(22)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(24)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(20)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483586/944-220-S99-1
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 1A -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482790/220-10-45-1A
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 1B -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482790/220-10-45-1B
Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 55 -Paragraph 4K -Publisher FASB -URI https://asc.fasb.org//1943274/2147481175/810-10-55-4K
+ Details
Name: |
us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_IncomeStatementAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAmount after tax, before reclassification adjustments of gain (loss) on foreign currency translation adjustments, foreign currency transactions designated and effective as economic hedges of a net investment in a foreign entity and intra-entity foreign currency transactions that are of a long-term-investment nature.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 45 -Paragraph 10A -Subparagraph (a-c) -SubTopic 10 -Topic 220 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482790/220-10-45-10A
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482790/220-10-45-11
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 830 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481839/830-10-45-9
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 830 -SubTopic 20 -Name Accounting Standards Codification -Section 35 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482014/830-20-35-3
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481694/830-30-45-12
+ Details
Name: |
us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionAmount after tax and reclassification adjustments of other comprehensive income (loss).
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -SubTopic 10 -Topic 505 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-2
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481674/830-30-50-1
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 17 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481694/830-30-45-17
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(19)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483586/944-220-S99-1
Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482765/220-10-50-4
Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482765/220-10-50-5
Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 20 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481694/830-30-45-20
Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(21)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2
Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(23)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1
Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 1B -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482790/220-10-45-1B
Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 55 -Paragraph 15 -SubTopic 10 -Topic 220 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482739/220-10-55-15
Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 1A -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482790/220-10-45-1A
+ Details
Name: |
us-gaap_OtherComprehensiveIncomeLossNetOfTax |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionAmount, after tax and before adjustment, of unrealized holding gain (loss) on investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale). Excludes unrealized gain (loss) on investment in debt security measured at amortized cost (held-to-maturity) from transfer to available-for-sale.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-9
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 10A -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482790/220-10-45-10A
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482790/220-10-45-11
+ Details
Name: |
us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionThe consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(g)(1)(ii)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481687/323-10-50-3
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 28 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482907/825-10-50-28
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483443/250-10-50-1
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 40 -Name Accounting Standards Codification -Section 65 -Paragraph 1 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480175/815-40-65-1
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483443/250-10-50-8
Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483443/250-10-50-9
Reference 8: http://www.xbrl.org/2003/role/exampleRef -Topic 946 -SubTopic 830 -Name Accounting Standards Codification -Section 55 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480167/946-830-55-11
Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 205 -Name Accounting Standards Codification -Section 45 -Paragraph 3 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480767/946-205-45-3
Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section 45 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483581/946-220-45-7
Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(16)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483586/944-220-S99-1
Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22
Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-07(9)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483575/946-220-S99-1
Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.6-09(1)(d)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483575/946-220-S99-3
Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 19 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481231/810-10-45-19
Reference 16: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482765/220-10-50-6
Reference 17: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(i)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A
Reference 18: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(ii)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A
Reference 19: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(iii)(A)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A
Reference 20: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(iv)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A
Reference 21: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(5)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A
Reference 22: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(i)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B
Reference 23: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iii)(A)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B
Reference 24: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iii)(B)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B
Reference 25: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iv)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B
Reference 26: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(5)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B
Reference 27: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 30 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30
Reference 28: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32
Reference 29: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31
Reference 30: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32
Reference 31: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 235 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-05(b)(2)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479557/942-235-S99-1
Reference 32: http://www.xbrl.org/2003/role/disclosureRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483499/205-20-50-7
Reference 33: http://www.xbrl.org/2003/role/exampleRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 4J -Publisher FASB -URI https://asc.fasb.org//1943274/2147481175/810-10-55-4J
Reference 34: http://www.xbrl.org/2003/role/exampleRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 4K -Publisher FASB -URI https://asc.fasb.org//1943274/2147481175/810-10-55-4K
Reference 35: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 1A -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482790/220-10-45-1A
Reference 36: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 1B -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482790/220-10-45-1B
Reference 37: http://www.xbrl.org/2003/role/disclosureRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482740/230-10-45-2
Reference 38: http://www.xbrl.org/2003/role/disclosureRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1A -Subparagraph (a)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481203/810-10-50-1A
Reference 39: http://www.xbrl.org/2003/role/disclosureRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1A -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481203/810-10-50-1A
+ Details
Name: |
us-gaap_ProfitLoss |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
v3.24.0.1
Consolidated Statements of Equity (Unaudited) - USD ($) $ in Thousands |
Total |
Common Stock [Member]
Common Class A [Member]
|
Common Stock [Member]
Common Class B [Member]
|
Additional Paid-in Capital [Member] |
Treasury Stock, Common [Member] |
AOCI Attributable to Parent [Member] |
Retained Earnings [Member] |
Noncontrolling Interest [Member] |
BALANCE at Jul. 31, 2022 |
$ 170,637
|
$ 33
|
$ 277
|
$ 296,005
|
$ (101,565)
|
$ (11,305)
|
$ (15,830)
|
$ 3,022
|
Repurchases of Class B common stock through repurchase program |
(5,006)
|
|
|
|
(5,006)
|
|
|
|
Stock issued to certain executive officers for bonus payments |
615
|
|
|
615
|
|
|
|
|
Stock-based compensation |
1,858
|
|
1
|
1,857
|
|
|
|
|
Distributions to noncontrolling interests |
(187)
|
|
|
|
|
|
|
(187)
|
Other comprehensive income (loss) |
(2,406)
|
|
|
|
|
(2,406)
|
|
|
Net income |
27,666
|
|
|
|
|
|
25,625
|
2,041
|
BALANCE at Jan. 31, 2023 |
193,014
|
33
|
278
|
298,649
|
(106,906)
|
(13,711)
|
9,795
|
4,876
|
Exercise of stock options |
172
|
|
|
172
|
|
|
|
|
Restricted Class B common stock purchased from employees |
(335)
|
|
|
|
(335)
|
|
|
|
BALANCE at Oct. 31, 2022 |
178,439
|
33
|
278
|
297,191
|
(106,906)
|
(11,672)
|
(4,828)
|
4,343
|
Stock-based compensation |
1,286
|
|
|
1,286
|
|
|
|
|
Distributions to noncontrolling interests |
(88)
|
|
|
|
|
|
|
(88)
|
Other comprehensive income (loss) |
(2,039)
|
|
|
|
|
(2,039)
|
|
|
Net income |
15,244
|
|
|
|
|
|
14,623
|
621
|
BALANCE at Jan. 31, 2023 |
193,014
|
33
|
278
|
298,649
|
(106,906)
|
(13,711)
|
9,795
|
4,876
|
Exercise of stock options |
172
|
|
|
172
|
|
|
|
|
BALANCE at Jul. 31, 2023 |
199,996
|
33
|
279
|
301,408
|
(115,461)
|
(17,192)
|
24,662
|
6,267
|
Repurchases of Class B common stock through repurchase program |
(3,155)
|
|
|
|
(3,155)
|
|
|
|
Restricted net2phone common stock purchased from employees |
(3,558)
|
|
|
(3,611)
|
|
|
|
53
|
Exchange of National Retail Solutions shares for Class B common stock |
|
|
2
|
81
|
|
|
|
(83)
|
Stock issued to certain executive officers for bonus payments |
|
|
|
|
|
|
|
|
Stock-based compensation |
2,581
|
|
|
2,581
|
|
|
|
|
Distributions to noncontrolling interests |
(59)
|
|
|
|
|
|
|
(59)
|
Other comprehensive income (loss) |
(84)
|
|
|
|
|
(84)
|
|
|
Net income |
24,009
|
|
|
|
|
|
22,084
|
1,925
|
BALANCE at Jan. 31, 2024 |
219,887
|
33
|
281
|
300,631
|
(118,631)
|
(17,276)
|
46,746
|
8,103
|
Exercise of stock options |
172
|
|
|
172
|
|
|
|
|
Restricted Class B common stock purchased from employees |
(15)
|
|
|
|
(15)
|
|
|
|
BALANCE at Oct. 31, 2023 |
206,967
|
33
|
279
|
302,351
|
(118,312)
|
(16,627)
|
32,321
|
6,922
|
Repurchases of Class B common stock through repurchase program |
(319)
|
|
|
|
(319)
|
|
|
|
Restricted net2phone common stock purchased from employees |
(3,558)
|
|
|
(3,611)
|
|
|
|
53
|
Exchange of National Retail Solutions shares for Class B common stock |
|
|
2
|
81
|
|
|
|
(83)
|
Stock-based compensation |
1,810
|
|
|
1,810
|
|
|
|
|
Distributions to noncontrolling interests |
(4)
|
|
|
|
|
|
|
(4)
|
Other comprehensive income (loss) |
(649)
|
|
|
|
|
(649)
|
|
|
Net income |
15,640
|
|
|
|
|
|
14,425
|
1,215
|
BALANCE at Jan. 31, 2024 |
$ 219,887
|
$ 33
|
$ 281
|
$ 300,631
|
$ (118,631)
|
$ (17,276)
|
$ 46,746
|
$ 8,103
|
X |
- DefinitionNet Income Loss Including Portion Attributable To Redeemable Non Controlling Interest And Non Controlling Interest In Subsidiaries
+ References
+ Details
Name: |
IDT_NetIncomeLossIncludingPortionAttributableToRedeemableNonControllingInterestAndNonControllingInterestInSubsidiaries |
Namespace Prefix: |
IDT_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionExchange of NRS shares for Class B common stock.
+ References
+ Details
Name: |
IDT_StockIssuedDuringPeriodValueExchangeOfSharesForCommonStock |
Namespace Prefix: |
IDT_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionTreasury stock, value, repurchases of common stock through repurchase program.
+ References
+ Details
Name: |
IDT_TreasuryStockValueRepurchasesOfCommonStockThroughRepurchaseProgram |
Namespace Prefix: |
IDT_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionTreasury stock, value, restricted common stock purchased from employees.
+ References
+ Details
Name: |
IDT_TreasuryStockValueRestrictedCommonStockPurchasedFromEmployees |
Namespace Prefix: |
IDT_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionRestricted net2phone common stock purchased from employees.
+ References
+ Details
Name: |
IDT_ValueRestrictedSubsidiaryCommonStockPurchasedFromEmployees |
Namespace Prefix: |
IDT_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionAmount of other increase (decrease) in additional paid in capital (APIC).
+ References
+ Details
Name: |
us-gaap_AdjustmentsToAdditionalPaidInCapitalOther |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionAmount of increase to additional paid-in capital (APIC) for recognition of cost for award under share-based payment arrangement.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 35 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480483/718-10-35-2
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 20 -Section 55 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481089/718-20-55-13
Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 20 -Section 55 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481089/718-20-55-12
+ Details
Name: |
us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionDecrease in noncontrolling interest balance from payment of dividends or other distributions by the non-wholly owned subsidiary or partially owned entity, included in the consolidation of the parent entity, to the noncontrolling interest holders.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480008/505-10-S99-1
+ Details
Name: |
us-gaap_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionAmount after tax and reclassification adjustments of other comprehensive income (loss).
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -SubTopic 10 -Topic 505 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-2
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481674/830-30-50-1
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 17 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481694/830-30-45-17
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(19)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483586/944-220-S99-1
Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482765/220-10-50-4
Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482765/220-10-50-5
Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 20 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481694/830-30-45-20
Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(21)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2
Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(23)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1
Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 1B -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482790/220-10-45-1B
Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 55 -Paragraph 15 -SubTopic 10 -Topic 220 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482739/220-10-55-15
Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 1A -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482790/220-10-45-1A
+ Details
Name: |
us-gaap_OtherComprehensiveIncomeLossNetOfTax |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionValue of stock issued as a result of the exercise of stock options.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -SubTopic 10 -Topic 505 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-2
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480008/505-10-S99-1
Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.29-31) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1
+ Details
Name: |
us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionAmount of equity (deficit) attributable to parent and noncontrolling interest. Excludes temporary equity.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 24 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483421/250-10-45-24
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 23 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483421/250-10-45-23
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 5 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483421/250-10-45-5
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 10 -Name Accounting Standards Codification -Section 65 -Paragraph 5 -Subparagraph (c)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479654/326-10-65-5
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 20 -Name Accounting Standards Codification -Section 65 -Paragraph 6 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480528/815-20-65-6
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 20 -Name Accounting Standards Codification -Section 65 -Paragraph 6 -Subparagraph (h)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480528/815-20-65-6
Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 20 -Name Accounting Standards Codification -Section 65 -Paragraph 6 -Subparagraph (h)(1)(i) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480528/815-20-65-6
Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 20 -Name Accounting Standards Codification -Section 65 -Paragraph 6 -Subparagraph (h)(1)(iii) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480528/815-20-65-6
Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 20 -Name Accounting Standards Codification -Section 65 -Paragraph 6 -Subparagraph (h)(1)(iv) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480528/815-20-65-6
Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 20 -Name Accounting Standards Codification -Section 65 -Paragraph 6 -Subparagraph (i)(3) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480528/815-20-65-6
Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 848 -SubTopic 10 -Name Accounting Standards Codification -Section 65 -Paragraph 2 -Subparagraph (a)(3)(iii)(03) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483550/848-10-65-2
Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 105 -SubTopic 10 -Name Accounting Standards Codification -Section 65 -Paragraph 6 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479343/105-10-65-6
Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 105 -SubTopic 10 -Name Accounting Standards Codification -Section 65 -Paragraph 6 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479343/105-10-65-6
Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 40 -Name Accounting Standards Codification -Section 65 -Paragraph 2 -Subparagraph (f)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480016/944-40-65-2
Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 40 -Name Accounting Standards Codification -Section 65 -Paragraph 2 -Subparagraph (f)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480016/944-40-65-2
Reference 16: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 65 -Paragraph 8 -Subparagraph (d)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482615/740-10-65-8
Reference 17: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 65 -Paragraph 8 -Subparagraph (d)(3) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482615/740-10-65-8
Reference 18: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 10 -Name Accounting Standards Codification -Section 65 -Paragraph 4 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479654/326-10-65-4
Reference 19: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 65 -Paragraph 15 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480336/718-10-65-15
Reference 20: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 65 -Paragraph 15 -Subparagraph (f)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480336/718-10-65-15
Reference 21: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 65 -Paragraph 15 -Subparagraph (f)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480336/718-10-65-15
Reference 22: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b)(3) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483443/250-10-50-1
Reference 23: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 40 -Name Accounting Standards Codification -Section 65 -Paragraph 1 -Subparagraph (e)(3) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480175/815-40-65-1
Reference 24: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483443/250-10-50-7
Reference 25: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482765/220-10-50-5
Reference 26: http://www.xbrl.org/2003/role/disclosureRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481674/830-30-50-1
Reference 27: http://www.xbrl.org/2003/role/disclosureRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 17 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481694/830-30-45-17
Reference 28: http://www.xbrl.org/2003/role/disclosureRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 20 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481694/830-30-45-20
Reference 29: http://www.xbrl.org/2003/role/exampleRef -Topic 946 -SubTopic 830 -Name Accounting Standards Codification -Section 55 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480167/946-830-55-11
Reference 30: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 205 -Name Accounting Standards Codification -Section 45 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480767/946-205-45-3
Reference 31: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 505 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481004/946-505-50-3
Reference 32: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-04(19)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479617/946-210-S99-1
Reference 33: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.6-05(4)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479617/946-210-S99-2
Reference 34: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.6-09(4)(b)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483575/946-220-S99-3
Reference 35: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.6-09(6)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483575/946-220-S99-3
Reference 36: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.6-09(7)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483575/946-220-S99-3
Reference 37: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480008/505-10-S99-1
Reference 38: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(g)(1)(ii)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1
Reference 39: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481687/323-10-50-3
Reference 40: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 28 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482907/825-10-50-28
Reference 41: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481231/810-10-45-15
Reference 42: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 16 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481231/810-10-45-16
Reference 43: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 55 -Paragraph 4I -Publisher FASB -URI https://asc.fasb.org//1943274/2147481175/810-10-55-4I
+ Details
Name: |
us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
v3.24.0.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands |
6 Months Ended |
Jan. 31, 2024 |
Jan. 31, 2023 |
Operating activities |
|
|
|
Net income |
|
$ 24,230
|
$ 27,864
|
Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
|
Depreciation and amortization |
|
10,146
|
9,801
|
Deferred income taxes |
|
5,787
|
7,788
|
Provision for credit losses, doubtful accounts receivable, and reserve for settlement assets |
|
1,696
|
915
|
Net unrealized loss from marketable securities |
|
1,234
|
2,349
|
Stock-based compensation |
[1] |
3,258
|
1,858
|
Other |
|
1,595
|
1,359
|
Change in assets and liabilities: |
|
|
|
Trade accounts receivable |
|
(7,040)
|
2,483
|
Settlement assets, disbursement prefunding, prepaid expenses, other current assets, and other assets |
|
9,966
|
2,323
|
Trade accounts payable, accrued expenses, settlement liabilities, other current liabilities, and other liabilities |
|
(12,021)
|
(19,344)
|
Customer deposits at IDT Financial Services Limited (Gibraltar-based bank) |
|
2,253
|
15
|
Deferred revenue |
|
(1,381)
|
(1,795)
|
Net cash provided by operating activities |
|
39,723
|
35,616
|
Investing activities |
|
|
|
Capital expenditures |
|
(8,885)
|
(10,578)
|
Purchase of convertible preferred stock in equity method investment |
|
(1,009)
|
|
Payments for acquisition |
|
(60)
|
|
Purchases of debt securities and equity investments |
|
(19,357)
|
(28,129)
|
Proceeds from maturities and sales of debt securities and redemptions of equity investments |
|
31,231
|
27,531
|
Net cash provided by (used in) investing activities |
|
1,920
|
(11,176)
|
Financing activities |
|
|
|
Distributions to noncontrolling interests |
|
(59)
|
(187)
|
Proceeds from other liabilities |
|
100
|
300
|
Repayment of other liabilities. |
|
(15)
|
(2,014)
|
Proceeds from borrowings under revolving credit facility |
|
30,588
|
2,383
|
Repayment of borrowings under revolving credit facility. |
|
(30,588)
|
(2,383)
|
Proceeds from exercise of stock options |
|
172
|
172
|
Repurchases of Class B common stock |
|
(3,170)
|
(5,341)
|
Net cash used in financing activities |
|
(2,972)
|
(7,070)
|
Effect of exchange rate changes on cash, cash equivalents, and restricted cash and cash equivalents |
|
(3,182)
|
746
|
Net increase in cash, cash equivalents, and restricted cash and cash equivalents |
|
35,489
|
18,116
|
Cash, cash equivalents, and restricted cash and cash equivalents at beginning of period |
|
198,823
|
189,562
|
Cash, cash equivalents, and restricted cash and cash equivalents at end of period |
|
234,312
|
207,678
|
Supplemental schedule of non-cash financing activities |
|
|
|
Restricted net2phone common stock withheld from employees for income tax obligations |
|
3,558
|
|
Value of Class B common stock exchanged for National Retail Solutions shares |
|
6,254
|
|
Stock issued to certain executive officers for bonus payments |
|
|
$ 615
|
|
|
X |
- DefinitionAmount of other increase (decrease) in additional paid in capital (APIC).
+ References
+ Details
Name: |
us-gaap_AdjustmentsToAdditionalPaidInCapitalOther |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAmount of cash and cash equivalents, and cash and cash equivalents restricted to withdrawal or usage. Excludes amount for disposal group and discontinued operations. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482913/230-10-50-8
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 24 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482740/230-10-45-24
Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482740/230-10-45-4
+ Details
Name: |
us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionAmount of increase (decrease) in cash, cash equivalents, and cash and cash equivalents restricted to withdrawal or usage; including effect from exchange rate change. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 24 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482740/230-10-45-24
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 45 -Paragraph 1 -SubTopic 230 -Topic 830 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481877/830-230-45-1
+ Details
Name: |
us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionThe current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 45 -Paragraph 28 -Subparagraph (b) -SubTopic 10 -Topic 230 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482740/230-10-45-28
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482099/360-10-50-1
+ Details
Name: |
us-gaap_DepreciationAndAmortization |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionAmount of increase (decrease) from effect of exchange rate changes on cash and cash equivalents, and cash and cash equivalents restricted to withdrawal or usage; held in foreign currencies. Excludes amounts for disposal group and discontinued operations. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 830 -SubTopic 230 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481877/830-230-45-1
+ Details
Name: |
us-gaap_EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionThe increase (decrease) during the reporting period in the amounts payable to vendors for goods and services received and the amount of obligations and expenses incurred but not paid.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 45 -Paragraph 28 -Subparagraph (a) -SubTopic 10 -Topic 230 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482740/230-10-45-28
+ Details
Name: |
us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionThe increase (decrease) during the reporting period in amount due within one year (or one business cycle) from customers for the credit sale of goods and services.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 45 -Paragraph 28 -Subparagraph (a) -SubTopic 10 -Topic 230 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482740/230-10-45-28
+ Details
Name: |
us-gaap_IncreaseDecreaseInAccountsReceivable |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionAmount of increase (decrease) in obligation to transfer good or service to customer for which consideration has been received or is receivable.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 912 -SubTopic 310 -Name Accounting Standards Codification -Section 45 -Paragraph 11 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482312/912-310-45-11
Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 28 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482740/230-10-45-28
+ Details
Name: |
us-gaap_IncreaseDecreaseInContractWithCustomerLiability |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_IncreaseDecreaseInOperatingCapitalAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAmount of increase (decrease) in current liabilities classified as other.
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 28 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482740/230-10-45-28
+ Details
Name: |
us-gaap_IncreaseDecreaseInOtherCurrentLiabilities |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionAmount of increase (decrease) in prepaid expenses, and assets classified as other.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 45 -Paragraph 28 -Subparagraph (a) -SubTopic 10 -Topic 230 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482740/230-10-45-28
+ Details
Name: |
us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionAmount of unrealized gain (loss) on investment in marketable security.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(7)(c)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2
+ Details
Name: |
us-gaap_MarketableSecuritiesUnrealizedGainLoss |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionAmount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 24 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482740/230-10-45-24
+ Details
Name: |
us-gaap_NetCashProvidedByUsedInFinancingActivities |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAmount of cash inflow (outflow) from investing activities, including discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 24 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482740/230-10-45-24
+ Details
Name: |
us-gaap_NetCashProvidedByUsedInInvestingActivities |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAmount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 28 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482740/230-10-45-28
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 24 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482740/230-10-45-24
Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482740/230-10-45-25
+ Details
Name: |
us-gaap_NetCashProvidedByUsedInOperatingActivities |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_NoncashInvestingAndFinancingItemsAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAmount of income (expense) included in net income that results in no cash inflow (outflow), classified as other.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 28 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482740/230-10-45-28
+ Details
Name: |
us-gaap_OtherNoncashIncomeExpense |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionThe value of the noncash (or part noncash) consideration given (for example, liability, equity) in a transaction. Noncash is defined as transactions during a period that do not result in cash receipts or cash payments in the period. "Part noncash" refers to that portion of a transaction not resulting in cash receipts or cash payments in the period.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482913/230-10-50-4
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482913/230-10-50-3
Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482913/230-10-50-5
+ Details
Name: |
us-gaap_OtherSignificantNoncashTransactionValueOfConsiderationGiven1 |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionThe cash outflow to reacquire common stock during the period.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 15 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482740/230-10-45-15
+ Details
Name: |
us-gaap_PaymentsForRepurchaseOfCommonStock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionCash outflow to owners or shareholders, excluding ordinary dividends. Includes special dividends.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 15 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482740/230-10-45-15
+ Details
Name: |
us-gaap_PaymentsOfCapitalDistribution |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionThe cash outflow associated with the acquisition of a business, net of the cash acquired from the purchase.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 13 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482740/230-10-45-13
+ Details
Name: |
us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionThe cash outflow associated with the purchase of or advances to an equity method investments, which are investments in joint ventures and entities in which the entity has an equity ownership interest normally of 20 to 50 percent and exercises significant influence.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 13 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482740/230-10-45-13
+ Details
Name: |
us-gaap_PaymentsToAcquireEquityMethodInvestments |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionThe cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 13 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482740/230-10-45-13
+ Details
Name: |
us-gaap_PaymentsToAcquirePropertyPlantAndEquipment |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionAmount of cash inflow from contractual arrangement with the lender, including but not limited to, letter of credit, standby letter of credit and revolving credit arrangements.
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(f)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 14 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482740/230-10-45-14
+ Details
Name: |
us-gaap_ProceedsFromLinesOfCredit |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionAmount of cash inflow from debt classified as other.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 14 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482740/230-10-45-14
+ Details
Name: |
us-gaap_ProceedsFromOtherDebt |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionThe cash inflow associated with the aggregate amount received by the entity through sale or maturity of marketable securities (held-to-maturity or available-for-sale) during the period.
+ References
+ Details
Name: |
us-gaap_ProceedsFromSaleAndMaturityOfMarketableSecurities |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionAmount of cash inflow from exercise of option under share-based payment arrangement.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 45 -Paragraph 14 -Subparagraph (a) -SubTopic 10 -Topic 230 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482740/230-10-45-14
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2A -Subparagraph (a) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2A
+ Details
Name: |
us-gaap_ProceedsFromStockOptionsExercised |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionThe consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(g)(1)(ii)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481687/323-10-50-3
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 28 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482907/825-10-50-28
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483443/250-10-50-1
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 40 -Name Accounting Standards Codification -Section 65 -Paragraph 1 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480175/815-40-65-1
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483443/250-10-50-8
Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483443/250-10-50-9
Reference 8: http://www.xbrl.org/2003/role/exampleRef -Topic 946 -SubTopic 830 -Name Accounting Standards Codification -Section 55 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480167/946-830-55-11
Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 205 -Name Accounting Standards Codification -Section 45 -Paragraph 3 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480767/946-205-45-3
Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section 45 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483581/946-220-45-7
Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(16)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483586/944-220-S99-1
Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22
Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-07(9)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483575/946-220-S99-1
Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.6-09(1)(d)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483575/946-220-S99-3
Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 19 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481231/810-10-45-19
Reference 16: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482765/220-10-50-6
Reference 17: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(i)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A
Reference 18: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(ii)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A
Reference 19: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(iii)(A)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A
Reference 20: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(iv)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A
Reference 21: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(5)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A
Reference 22: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(i)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B
Reference 23: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iii)(A)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B
Reference 24: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iii)(B)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B
Reference 25: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iv)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B
Reference 26: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(5)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B
Reference 27: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 30 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30
Reference 28: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32
Reference 29: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31
Reference 30: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32
Reference 31: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 235 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-05(b)(2)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479557/942-235-S99-1
Reference 32: http://www.xbrl.org/2003/role/disclosureRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483499/205-20-50-7
Reference 33: http://www.xbrl.org/2003/role/exampleRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 4J -Publisher FASB -URI https://asc.fasb.org//1943274/2147481175/810-10-55-4J
Reference 34: http://www.xbrl.org/2003/role/exampleRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 4K -Publisher FASB -URI https://asc.fasb.org//1943274/2147481175/810-10-55-4K
Reference 35: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 1A -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482790/220-10-45-1A
Reference 36: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 1B -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482790/220-10-45-1B
Reference 37: http://www.xbrl.org/2003/role/disclosureRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482740/230-10-45-2
Reference 38: http://www.xbrl.org/2003/role/disclosureRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1A -Subparagraph (a)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481203/810-10-50-1A
Reference 39: http://www.xbrl.org/2003/role/disclosureRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1A -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481203/810-10-50-1A
+ Details
Name: |
us-gaap_ProfitLoss |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionAmount of expense (reversal of expense) for expected credit loss on accounts receivable.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479319/326-20-50-13
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(5)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2
+ Details
Name: |
us-gaap_ProvisionForDoubtfulAccounts |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionAmount of cash outflow for payment of an obligation from a lender, including but not limited to, letter of credit, standby letter of credit and revolving credit arrangements.
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(f)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 15 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482740/230-10-45-15
+ Details
Name: |
us-gaap_RepaymentsOfLinesOfCredit |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionAmount of cash outflow for the payment of debt classified as other.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 15 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482740/230-10-45-15
+ Details
Name: |
us-gaap_RepaymentsOfOtherDebt |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionAmount of noncash expense for share-based payment arrangement.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 45 -Paragraph 28 -Subparagraph (a) -SubTopic 10 -Topic 230 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482740/230-10-45-28
+ Details
Name: |
us-gaap_ShareBasedCompensation |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
v3.24.0.1
Basis of Presentation
|
6 Months Ended |
Jan. 31, 2024 |
Accounting Policies [Abstract] |
|
Basis of Presentation |
Note
1—Basis of Presentation
The
accompanying unaudited consolidated financial statements of IDT Corporation and its subsidiaries (the “Company” or
“IDT”) have been prepared in accordance with accounting principles generally accepted in the United States of America
(“U.S. GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X.
Accordingly, they do not include all of the information and notes required by U.S. GAAP for complete financial statements. In the
opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have
been included. Operating results for the three and six months ended January 31, 2024 are not necessarily indicative of the results
that may be expected for the fiscal year ending July 31, 2024. The balance sheet at July 31, 2023 has been derived from the
Company’s audited financial statements at that date but does not include all of the information and notes required by U.S.
GAAP for complete financial statements. For further information, please refer to the consolidated financial statements and footnotes
thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended July 31, 2023, as filed with the U.S.
Securities and Exchange Commission (the “SEC”).
The
Company’s fiscal year ends on July 31 of each calendar year. Each reference below to a fiscal year refers to the fiscal year ending
in the calendar year indicated (e.g., fiscal 2024 refers to the fiscal year ending July 31, 2024).
As
of January 31, 2024, the Company owned 94.0%
of the outstanding shares of its subsidiary,
net2phone 2.0, Inc. (“net2phone 2.0”), which owns and operates the net2phone segment, and 81.2%
of the outstanding shares of National Retail Solutions (“NRS”), and, on a fully diluted basis, assuming all the vesting criteria
related to various rights granted have been met and other assumptions, the Company would own 90.8%
of net2phone 2.0 and 78.9%
of NRS.
Reclassifications
From
and after August 1, 2023, the Company includes depreciation and amortization in “Direct cost of revenues” and
“Selling, general and administrative” expense and is reporting gross profit (in accordance with U.S. GAAP) in the
consolidated statements of income. Prior to August 1, 2023, depreciation and amortization was a separate caption in the consolidated
statements of income. Depreciation and amortization expense of $5.0
million in the three months ended January 31, 2023 was reclassified to conform to the current year’s presentation as follows:
$1.1
million was reclassified to “Direct cost of revenues” and $3.9
million was reclassified to “Selling, general and administrative” expense, and depreciation and amortization expense of
$9.8
million in the six months ended January 31, 2023 was reclassified to conform to the current year’s presentation as follows:
$2.1
million was reclassified to “Direct cost of revenues” and $7.7
million was reclassified to “Selling, general and administrative” expense.
In
the consolidated statements of cash flows, cash provided by “Trade accounts receivable” in the six months ended January 31,
2023 of $13.8 million was reclassified to “Settlement assets, disbursement prefunding, prepaid expenses, other current assets,
and other assets” to conform to the current year’s presentation.
Recently
Adopted Accounting Standard
On
August 1, 2023, the Company adopted Accounting Standards Update (“ASU”) No. 2016-13, Financial Instruments—Credit
Losses (Topic 326), Measurement of Credit Losses on Financial Instruments, that changed the impairment model for most financial
assets and certain other instruments. For receivables, entities are required to use a new forward-looking current expected credit loss
model to determine its allowance for credit losses, which replaced the allowance for doubtful accounts. When determining the allowance
for credit losses for its trade accounts receivable, the Company considers the probability of recoverability of accounts receivable based
on past experience, taking into account current collection trends and general economic factors, including bankruptcy rates. The Company
also considers future economic trends to estimate expected credit losses over the lifetime of the asset. Credit risks will be assessed
based on historical write-offs, net of recoveries, as well as an analysis of the aged accounts receivable balances with allowances generally
increasing as the receivable ages. Accounts receivable may be fully reserved for when specific collection issues are known to exist,
such as pending bankruptcies. Account balances are written off against the allowance when it is determined that the receivable will not
be recovered. For available-for-sale debt securities with unrealized losses, the concept of “other-than-temporary” impairment
was replaced by a determination whether any impairment is a result of a credit loss or other factors. The portion of the unrealized loss
that is the result of a credit loss is recognized as an allowance and a corresponding expense recorded in “Other income (expense), net”
in the consolidated statements of income. Unrealized loss that is not the result of a credit loss is recorded in “Accumulated other
comprehensive loss” in the consolidated balance sheets. The adoption of the new standard did not have a material impact on the
Company’s consolidated financial statements, and it was not necessary to record a cumulative-effect adjustment to retained earnings
as of August 1, 2023.
|
X |
- References
+ Details
Name: |
us-gaap_AccountingPoliciesAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe entire disclosure for the basis of presentation and significant accounting policies concepts. Basis of presentation describes the underlying basis used to prepare the financial statements (for example, US Generally Accepted Accounting Principles, Other Comprehensive Basis of Accounting, IFRS). Accounting policies describe all significant accounting policies of the reporting entity.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 235 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//235/tableOfContent
+ Details
Name: |
us-gaap_BasisOfPresentationAndSignificantAccountingPoliciesTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.24.0.1
Business Segment Information
|
6 Months Ended |
Jan. 31, 2024 |
Segment Reporting [Abstract] |
|
Business Segment Information |
Note
2—Business Segment Information
The
Company has four
reportable business segments, NRS, Fintech, net2phone, and Traditional Communications. Any items not included within, or allocated
to, one of the segments is presented under “Corporate.”
The
NRS segment is an operator of a nationwide point-of-sale (“POS”) network providing independent retailers with store management
software, electronic payment processing, and other ancillary merchant services. NRS’ POS platform provides marketers with digital
out-of-home advertising and transaction data.
The
Fintech segment is comprised of: (i) BOSS Money, a provider of international money remittance and related value/payment transfer
services; and (ii) other, significantly smaller, financial services businesses, including Leaf Global Fintech Corporation
(“Leaf”), a provider of digital wallet services in emerging markets, a variable interest entity that operates money
transfer businesses, and IDT Financial Services Limited (“IDT Financial Services”), the Company’s Gibraltar-based
bank.
The
net2phone segment is comprised of net2phone’s cloud communications and contact center offerings.
The
Traditional Communications segment includes: (i) IDT Digital Payments, which enables customers to transfer airtime and bundles of
airtime, messaging, and data to international and domestic mobile accounts; (ii) BOSS Revolution Calling, an international
long-distance calling service marketed primarily to immigrant communities in the United States and Canada; and (iii) IDT Global, a
wholesale provider of international voice and SMS termination and outsourced traffic management solutions to telecoms worldwide.
Traditional Communications also includes other small businesses and offerings including early-stage business initiatives and mature
businesses in harvest mode.
The
Company’s reportable segments are distinguished by types of service, customers, and methods used to provide their services. The
operating results of these business segments are regularly reviewed by the Company’s chief operating decision maker. The accounting
policies of the segments are the same as the accounting policies of the Company as a whole. There are no significant asymmetrical allocations
to segments. The Company evaluates the performance of its business segments based primarily on income (loss) from operations.
Corporate
costs mainly include compensation, consulting fees, treasury, tax and accounting services, human resources, corporate purchasing, corporate
governance including Board of Directors’ fees, internal and external audit, investor relations, corporate insurance, corporate
legal, and other corporate-related general and administrative expenses. Corporate does not generate any revenues, nor does it incur any
direct cost of revenues.
Operating
results for the business segments of the Company were as follows:
Schedule of Operating Results of Business Segments
(in thousands) | |
National Retail Solutions | | |
Fintech | | |
net2phone | | |
Traditional Communications | | |
Corporate | | |
Total | |
Three Months Ended January 31, 2024 | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Revenues | |
$ | 25,223 | | |
$ | 27,987 | | |
$ | 20,353 | | |
$ | 222,535 | | |
$ | — | | |
$ | 296,098 | |
Income (loss) from operations | |
| 5,349 | | |
| (736 | ) | |
| 367 | | |
| 14,618 | | |
| (3,581 | ) | |
| 16,017 | |
Depreciation and amortization: | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Included in “Direct cost of revenues” | |
| 483 | | |
| 62 | | |
| 600 | | |
| 185 | | |
| — | | |
| 1,330 | |
Included in “Selling, general and administrative expense” | |
| 294 | | |
| 662 | | |
| 952 | | |
| 1,844 | | |
| 17 | | |
| 3,769 | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Three Months Ended January 31, 2023 | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Revenues | |
$ | 19,822 | | |
$ | 20,321 | | |
$ | 17,794 | | |
$ | 255,999 | | |
$ | — | | |
$ | 313,936 | |
Income (loss) from operations | |
| 5,374 | | |
| (806 | ) | |
| (575 | ) | |
| 17,008 | | |
| (2,820 | ) | |
| 18,181 | |
Depreciation and amortization: | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Included in “Direct cost of revenues” | |
| 357 | | |
| 21 | | |
| 536 | | |
| 191 | | |
| — | | |
| 1,105 | |
Included in “Selling, general and administrative expense” | |
| 237 | | |
| 637 | | |
| 855 | | |
| 2,160 | | |
| 18 | | |
| 3,907 | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Six Months Ended January 31, 2024 | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Revenues | |
$ | 49,217 | | |
$ | 54,550 | | |
$ | 40,280 | | |
$ | 453,255 | | |
$ | — | | |
$ | 597,302 | |
Income (loss) from operations | |
| 10,810 | | |
| (2,120 | ) | |
| 360 | | |
| 30,024 | | |
| (5,891 | ) | |
| 33,183 | |
Depreciation and amortization: | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Included in “Direct cost of revenues” | |
| 933 | | |
| 85 | | |
| 1,199 | | |
| 369 | | |
| — | | |
| 2,586 | |
Included in “Selling, general and administrative expense” | |
| 579 | | |
| 1,333 | | |
| 1,792 | | |
| 3,807 | | |
| 49 | | |
| 7,560 | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Six Months Ended January 31, 2023 | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Revenues | |
$ | 39,135 | | |
$ | 40,208 | | |
$ | 34,744 | | |
$ | 521,665 | | |
$ | — | | |
$ | 635,752 | |
Income (loss) from operations | |
| 10,605 | | |
| 706 | | |
| (1,631 | ) | |
| 34,271 | | |
| (5,544 | ) | |
| 38,407 | |
Depreciation and amortization: | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Included in “Direct cost of revenues” | |
| 676 | | |
| 45 | | |
| 1,034 | | |
| 384 | | |
| — | | |
| 2,139 | |
Included in “Selling, general and administrative expense” | |
| 395 | | |
| 1,235 | | |
| 1,709 | | |
| 4,287 | | |
| 36 | | |
| 7,662 | |
Total depreciation and amortization | |
| 395 | | |
| 1,235 | | |
| 1,709 | | |
| 4,287 | | |
| 36 | | |
| 7,662 | |
|
X |
- References
+ Details
Name: |
us-gaap_SegmentReportingAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-15
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32
Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40
Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//280/tableOfContent
Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-26
Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-34
Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41
Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21
Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21
Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32
+ Details
Name: |
us-gaap_SegmentReportingDisclosureTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.24.0.1
Revenue Recognition
|
6 Months Ended |
Jan. 31, 2024 |
Revenue from Contract with Customer [Abstract] |
|
Revenue Recognition |
Note
3—Revenue Recognition
The
Company earns revenue from contracts with customers, primarily through the provision of retail telecommunications and payment offerings
as well as wholesale international voice and SMS termination. BOSS Money, NRS, and net2phone are technology-driven, synergistic businesses
that leverage the Company’s core assets. BOSS Money’s and NRS’ revenues are primarily recognized at a point in time,
and net2phone’s revenue is mainly recognized over time. Traditional Communications are mostly minute-based, paid-voice communications
services, and revenue is primarily recognized at a point in time. The Company’s most significant revenue streams are from IDT Digital
Payments, BOSS Revolution Calling, and IDT Global. IDT Digital Payments and BOSS Revolution Calling are sold direct-to-consumer and through
distributors and retailers.
Disaggregated
Revenues
The
following table shows the Company’s revenues disaggregated by business segment and service offered to customers:
Schedule of Revenues Disaggregated by Business Segment and Service Offered to Customers
| |
2024 | | |
2023 | | |
2024 | | |
2023 | |
| |
Three Months Ended January 31, | | |
Six Months Ended January 31, | |
| |
2024 | | |
2023 | | |
2024 | | |
2023 | |
| |
(in thousands) | |
National Retail Solutions | |
$ | 25,223 | | |
$ | 19,822 | | |
$ | 49,217 | | |
$ | 39,135 | |
| |
| | | |
| | | |
| | | |
| | |
BOSS Money | |
| 25,039 | | |
| 17,649 | | |
| 49,278 | | |
| 35,203 | |
Other | |
| 2,948 | | |
| 2,672 | | |
| 5,272 | | |
| 5,005 | |
| |
| | | |
| | | |
| | | |
| | |
Total Fintech | |
| 27,987 | | |
| 20,321 | | |
| 54,550 | | |
| 40,208 | |
| |
| | | |
| | | |
| | | |
| | |
net2phone | |
| 20,353 | | |
| 17,794 | | |
| 40,280 | | |
| 34,744 | |
| |
| | | |
| | | |
| | | |
| | |
IDT Digital Payments | |
| 99,620 | | |
| 106,127 | | |
| 199,606 | | |
| 215,177 | |
BOSS Revolution Calling | |
| 66,703 | | |
| 82,831 | | |
| 137,925 | | |
| 169,083 | |
IDT Global | |
| 48,741 | | |
| 58,631 | | |
| 100,775 | | |
| 120,242 | |
Other | |
| 7,471 | | |
| 8,410 | | |
| 14,949 | | |
| 17,163 | |
| |
| | | |
| | | |
| | | |
| | |
Total Traditional Communications | |
| 222,535 | | |
| 255,999 | | |
| 453,255 | | |
| 521,665 | |
| |
| | | |
| | | |
| | | |
| | |
Total | |
$ | 296,098 | | |
$ | 313,936 | | |
$ | 597,302 | | |
$ | 635,752 | |
Revenues | |
$ | 296,098 | | |
$ | 313,936 | | |
$ | 597,302 | | |
$ | 635,752 | |
The
following table shows the Company’s revenues disaggregated by geographic region, which is determined based on selling location:
Schedule
of Revenues Disaggregated by Geographic Region
(in thousands) | |
National Retail Solutions | | |
Fintech | | |
net2phone | | |
Traditional Communications | | |
Total | |
Three Months Ended January 31, 2024 | |
| | | |
| | | |
| | | |
| | | |
| | |
United States | |
$ | 25,223 | | |
$ | 26,901 | | |
$ | 10,700 | | |
$ | 163,774 | | |
$ | 226,598 | |
Outside the United States: | |
| | | |
| | | |
| | | |
| | | |
| | |
United Kingdom | |
| — | | |
| — | | |
| — | | |
| 50,390 | | |
| 50,390 | |
Other | |
| — | | |
| 1,086 | | |
| 9,653 | | |
| 8,371 | | |
| 19,110 | |
| |
| | | |
| | | |
| | | |
| | | |
| | |
Total outside the United States | |
| — | | |
| 1,086 | | |
| 9,653 | | |
| 58,761 | | |
| 69,500 | |
| |
| | | |
| | | |
| | | |
| | | |
| | |
Total | |
$ | 25,223 | | |
$ | 27,987 | | |
$ | 20,353 | | |
$ | 222,535 | | |
$ | 296,098 | |
Revenues | |
$ | 25,223 | | |
$ | 27,987 | | |
$ | 20,353 | | |
$ | 222,535 | | |
$ | 296,098 | |
(in thousands) | |
National Retail Solutions | | |
Fintech | | |
net2phone | | |
Traditional Communications | | |
Total | |
Three Months Ended January 31, 2023 | |
| | | |
| | | |
| | | |
| | | |
| | |
United States | |
$ | 19,822 | | |
$ | 19,612 | | |
$ | 9,514 | | |
$ | 176,424 | | |
$ | 225,372 | |
Outside the United States: | |
| | | |
| | | |
| | | |
| | | |
| | |
United Kingdom | |
| — | | |
| — | | |
| — | | |
| 69,000 | | |
| 69,000 | |
Other | |
| — | | |
| 709 | | |
| 8,280 | | |
| 10,575 | | |
| 19,564 | |
| |
| | | |
| | | |
| | | |
| | | |
| | |
Total outside the United States | |
| — | | |
| 709 | | |
| 8,280 | | |
| 79,575 | | |
| 88,564 | |
| |
| | | |
| | | |
| | | |
| | | |
| | |
Total | |
$ | 19,822 | | |
$ | 20,321 | | |
$ | 17,794 | | |
$ | 255,999 | | |
$ | 313,936 | |
Revenues | |
$ | 19,822 | | |
$ | 20,321 | | |
$ | 17,794 | | |
$ | 255,999 | | |
$ | 313,936 | |
(in thousands) | |
National Retail Solutions | | |
Fintech | | |
net2phone | | |
Traditional Communications | | |
Total | |
Six Months Ended January 31, 2024 | |
| | | |
| | | |
| | | |
| | | |
| | |
United States | |
$ | 49,217 | | |
$ | 52,734 | | |
$ | 21,388 | | |
$ | 326,842 | | |
$ | 450,181 | |
Outside the United States: | |
| | | |
| | | |
| | | |
| | | |
| | |
United Kingdom | |
| — | | |
| — | | |
| — | | |
| 109,232 | | |
| 109,232 | |
Other | |
| — | | |
| 1,816 | | |
| 18,892 | | |
| 17,181 | | |
| 37,889 | |
| |
| | | |
| | | |
| | | |
| | | |
| | |
Total outside the United States | |
| — | | |
| 1,816 | | |
| 18,892 | | |
| 126,413 | | |
| 147,121 | |
| |
| | | |
| | | |
| | | |
| | | |
| | |
Total | |
$ | 49,217 | | |
$ | 54,550 | | |
$ | 40,280 | | |
$ | 453,255 | | |
$ | 597,302 | |
Revenues | |
$ | 49,217 | | |
$ | 54,550 | | |
$ | 40,280 | | |
$ | 453,255 | | |
$ | 597,302 | |
(in thousands) | |
National Retail Solutions | | |
Fintech | | |
net2phone | | |
Traditional Communications | | |
Total | |
Six Months Ended January 31, 2023 | |
| | | |
| | | |
| | | |
| | | |
| | |
United States | |
$ | 39,135 | | |
$ | 38,867 | | |
$ | 18,316 | | |
$ | 361,262 | | |
$ | 457,580 | |
Outside the United States: | |
| | | |
| | | |
| | | |
| | | |
| | |
United Kingdom | |
| — | | |
| — | | |
| — | | |
| 137,940 | | |
| 137,940 | |
Other | |
| — | | |
| 1,341 | | |
| 16,428 | | |
| 22,463 | | |
| 40,232 | |
| |
| | | |
| | | |
| | | |
| | | |
| | |
Total outside the United States | |
| — | | |
| 1,341 | | |
| 16,428 | | |
| 160,403 | | |
| 178,172 | |
| |
| | | |
| | | |
| | | |
| | | |
| | |
Total | |
$ | 39,135 | | |
$ | 40,208 | | |
$ | 34,744 | | |
$ | 521,665 | | |
$ | 635,752 | |
Revenues | |
$ | 39,135 | | |
$ | 40,208 | | |
$ | 34,744 | | |
$ | 521,665 | | |
$ | 635,752 | |
Remaining
Performance Obligations
The
following table includes revenue by business segment expected to be recognized in the future from performance obligations that were unsatisfied
or partially unsatisfied as of January 31, 2024. The table excludes contracts that had an original expected duration of one year or less.
Schedule of Estimated Revenue by Business Segment
(in
thousands) | |
National Retail Solutions | | |
net2phone | | |
Total | |
Twelve-month period ending January 31: | |
| | | |
| | | |
| | |
2025 | |
$ | 5,896 | | |
$ | 38,854 | | |
$ | 44,750 | |
2026 | |
| 4,940 | | |
| 18,769 | | |
| 23,709 | |
Thereafter | |
| 4,838 | | |
| 6,213 | | |
| 11,051 | |
| |
| | | |
| | | |
| | |
Total | |
$ | 15,674 | | |
$ | 63,836 | | |
$ | 79,510 | |
Accounts
Receivable and Contract Balances
The
timing of revenue recognition may differ from the time of billing to the Company’s customers. Trade accounts receivable in the
Company’s consolidated balance sheets represent unconditional rights to consideration. The Company would record a contract asset
when revenue is recognized in advance of its right to bill and receive consideration. The Company has not currently identified any contract
assets.
Contract
liabilities arise when the Company receives consideration or bills its customers prior to providing the goods or services promised in
the contract. The Company’s contract liability balance is primarily payments received for prepaid BOSS Revolution Calling. Contract
liabilities are recognized as revenue when services are provided to the customer. The contract liability balances are presented in the
Company’s consolidated balance sheets as “Deferred revenue”.
The
following table presents information about the Company’s contract liability balance:
Schedule of Information About Contract Liabilities
| |
2024 | | |
2023 | | |
2024 | | |
2023 | |
| |
Three Months Ended January 31, | | |
Six Months Ended January 31, | |
| |
2024 | | |
2023 | | |
2024 | | |
2023 | |
| |
(in thousands) | |
Revenue recognized in the period from amounts included in the contract liability balance at the beginning of the period | |
$ | 15,803 | | |
$ | 17,072 | | |
$ | 19,605 | | |
$ | 21,205 | |
Deferred
Customer Contract Acquisition and Fulfillment Costs
The
Company recognizes as an asset its incremental costs of obtaining a contract with a customer that it expects to recover. The Company’s
incremental costs of obtaining a contract with a customer are sales commissions paid to employees and third parties on sales to end users.
If the amortization period were one year or less for the asset that would be recognized from deferring these costs, the Company applies
the practical expedient whereby the Company charges these costs to expense when incurred. For net2phone sales, the Company defers these
costs and amortizes them over the expected customer relationship period when it is expected to exceed one year.
The
Company’s costs to fulfill its contracts do not meet the criteria to be recognized as an asset, therefore these costs are charged
to expense as incurred.
The
Company’s deferred customer contract acquisition costs were as follows:
Schedule of Deferred Customer Contract Acquisition Costs
| |
January 31, 2024 | | |
July 31, 2023 | |
| |
(in thousands) | |
Deferred customer contract acquisition costs included in “Other current assets” | |
$ | 4,197 | | |
$ | 4,460 | |
Deferred customer contract acquisition costs included in “Other assets” | |
| 3,871 | | |
| 3,734 | |
| |
| | | |
| | |
Total | |
$ | 8,068 | | |
$ | 8,194 | |
The
Company’s amortization of deferred customer contract acquisition costs during the periods were as follows:
Schedule of Amortization of Deferred Customer Contract Acquisition Costs
| |
2024 | | |
2023 | | |
2024 | | |
2023 | |
| |
Three Months Ended January 31, | | |
Six Months Ended January 31, | |
| |
2024 | | |
2023 | | |
2024 | | |
2023 | |
| |
(in thousands) | |
Amortization of deferred customer contract acquisition costs | |
$ | 1,194 | | |
$ | 1,228 | | |
$ | 2,409 | | |
$ | 2,405 | |
|
X |
- References
+ Details
Name: |
us-gaap_RevenueFromContractWithCustomerAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-9
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-10
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-15
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12
Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12
Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12
Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-13
Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 606 -Publisher FASB -URI https://asc.fasb.org//606/tableOfContent
+ Details
Name: |
us-gaap_RevenueFromContractWithCustomerTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.24.0.1
Leases
|
6 Months Ended |
Jan. 31, 2024 |
Leases |
|
Leases |
Note
4—Leases
The
Company’s leases primarily consist of operating leases for office space. These leases have remaining terms from less than one
year to six
years. Certain of these leases contain renewal options that may be exercised and/or options to terminate the lease. The
Company has concluded that it is not reasonably certain that it would exercise any of these options.
net2phone
is the lessee under equipment leases that are classified as finance leases. The assets and liabilities related to these finance leases
are not material to the Company’s consolidated balance sheets.
Supplemental
disclosures related to the Company’s operating leases were as follows:
Schedule of Supplemental Disclosures Related to the Company's Operating Leases
| |
2024 | | |
2023 | | |
2024 | | |
2023 | |
| |
Three Months Ended January 31, | | |
Six Months Ended January 31, | |
| |
2024 | | |
2023 | | |
2024 | | |
2023 | |
| |
(in thousands) | |
Operating lease cost | |
$ | 734 | | |
$ | 799 | | |
$ | 1,492 | | |
$ | 1,566 | |
Short-term lease cost | |
| 132 | | |
| 259 | | |
| 459 | | |
| 528 | |
| |
| | | |
| | | |
| | | |
| | |
Total lease cost | |
$ | 866 | | |
$ | 1,058 | | |
$ | 1,951 | | |
$ | 2,094 | |
| |
| | | |
| | | |
| | | |
| | |
Cash paid for amounts included in the measurement of lease liabilities: | |
| | | |
| | | |
| | | |
| | |
Operating cash flows from operating leases | |
$ | 724 | | |
$ | 824 | | |
$ | 1,515 | | |
$ | 1,588 | |
Cash paid for amounts included
in the measurement of lease liabilities: Operating cash flows from operating leases | |
| 724 | | |
| 824 | | |
| 1,515 | | |
| 1,588 | |
Schedule of Supplemental Disclosures Related Weighted Average Operating Leases
| |
January 31, 2024 | | |
July 31, 2023 | |
Weighted-average remaining lease term-operating leases | |
| 2.6 years | | |
| 2.3 years | |
| |
| | | |
| | |
Weighted-average discount rate-operating leases | |
| 4.3 | % | |
| 3.7 | % |
In
the six months ended January 31, 2024 and 2023, the Company obtained right-of-use assets of $0.9 million and $1.7 million, respectively,
in exchange for new operating lease liabilities.
The
Company’s aggregate operating lease liability was as follows:
Schedule of Aggregate Operating Lease Liability
| |
January 31, 2024 | | |
July 31, 2023 | |
| |
(in thousands) | |
Operating lease liabilities included in “Other current liabilities” | |
$ | 2,810 | | |
$ | 2,861 | |
Operating lease liabilities included in noncurrent liabilities | |
| 2,448 | | |
| 2,881 | |
| |
| | | |
| | |
Total | |
$ | 5,258 | | |
$ | 5,742 | |
Future
minimum maturities of operating lease liabilities were as follows:
Schedule of Future Minimum Maturities of Operating Lease Liabilities
(in thousands) | |
| |
Twelve-month period ending January 31: | |
| | |
2025 | |
$ | 2,988 | |
2026 | |
| 1,344 | |
2027 | |
| 636 | |
2028 | |
| 320 | |
2029 | |
| 183 | |
Thereafter | |
| 152 | |
| |
| | |
Total lease payments | |
| 5,623 | |
Less imputed interest | |
| (365 | ) |
| |
| | |
Total operating lease liabilities | |
$ | 5,258 | |
|
X |
- References
+ Details
Name: |
IDT_DisclosureLeasesAbstract |
Namespace Prefix: |
IDT_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//842-20/tableOfContent
+ Details
Name: |
us-gaap_LesseeOperatingLeasesTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.24.0.1
Cash, Cash Equivalents, and Restricted Cash and Cash Equivalents
|
6 Months Ended |
Jan. 31, 2024 |
Cash and Cash Equivalents [Abstract] |
|
Cash, Cash Equivalents, and Restricted Cash and Cash Equivalents |
Note
5—Cash, Cash Equivalents, and Restricted Cash and Cash Equivalents
The
following table provides a reconciliation of cash, cash equivalents, and restricted cash and cash equivalents reported in the consolidated
balance sheets that equals the total of the same amounts reported in the consolidated statements of cash flows:
Schedule of Cash, Cash Equivalents, and Restricted Cash and Cash Equivalents
| |
January 31, 2024 | | |
July 31, 2023 | |
| |
(in thousands) | |
Cash and cash equivalents | |
$ | 141,081 | | |
$ | 103,637 | |
Restricted cash and cash equivalents | |
| 93,231 | | |
| 95,186 | |
| |
| | | |
| | |
Total cash, cash equivalents, and restricted cash and cash equivalents | |
$ | 234,312 | | |
$ | 198,823 | |
At
January 31, 2024 and July 31, 2023, restricted cash and cash equivalents included $88.2 million and $87.3 million, respectively, in restricted
cash and cash equivalents for customer deposits held by IDT Financial Services. Certain of the electronic money financial services regulations
in Gibraltar require IDT Financial Services to safeguard cash held for customer deposits, segregate cash held for customer deposits from
any other cash that IDT Financial Services holds and utilize the cash only for the intended payment transaction.
Company
Restricted Cash and Cash Equivalents
The
Company treats unrestricted cash and cash equivalents held by IDT Payment Services, Inc. and IDT Payment Services of New York, LLC, which
provide the Company’s international money transfer services in the United States, as substantially restricted and unavailable for
other purposes. At January 31, 2024 and July 31, 2023, “Cash and cash equivalents” in the Company’s consolidated balance
sheets included an aggregate of $39.8 million and $20.6 million, respectively, held by IDT Payment Services, Inc. and IDT Payment Services
of New York, LLC, that was unavailable for other purposes.
|
X |
- References
+ Details
Name: |
us-gaap_CashAndCashEquivalentsAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe entire disclosure for cash and cash equivalent footnotes, which may include the types of deposits and money market instruments, applicable carrying amounts, restricted amounts and compensating balance arrangements. Cash and equivalents include: (1) currency on hand (2) demand deposits with banks or financial institutions (3) other kinds of accounts that have the general characteristics of demand deposits (4) short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Generally, only investments maturing within three months from the date of acquisition qualify.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(1)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(2)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479440/944-210-S99-1
+ Details
Name: |
us-gaap_CashAndCashEquivalentsDisclosureTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.24.0.1
Debt Securities
|
6 Months Ended |
Jan. 31, 2024 |
Investments, Debt and Equity Securities [Abstract] |
|
Debt Securities |
Note
6—Debt Securities
The
following is a summary of available-for-sale debt securities:
Schedule of Available-for-sale Securities
| |
Amortized Cost | | |
Gross Unrealized Gains | | |
Gross Unrealized Losses | | |
Fair Value | |
| |
(in thousands) | |
January 31, 2024: | |
| | | |
| | | |
| | | |
| | |
Certificates of deposit* | |
$ | 960 | | |
$ | — | | |
$ | — | | |
$ | 960 | |
U.S. Treasury bills and notes | |
| 23,738 | | |
| 12 | | |
| (76 | ) | |
| 23,674 | |
Government sponsored enterprise notes | |
| | |
| | |
| ) | |
| |
Corporate bonds | |
| 3,901 | | |
| 1 | | |
| (376 | ) | |
| 3,526 | |
| |
| | | |
| | | |
| | | |
| | |
Total | |
$ | 31,860 | | |
$ | 14 | | |
$ | (455 | ) | |
$ | 31,419 | |
| |
| | | |
| | | |
| | | |
| | |
July 31, 2023: | |
| | | |
| | | |
| | | |
| | |
Certificates of deposit* | |
$ | 4,080 | | |
$ | — | | |
$ | (4 | ) | |
$ | 4,076 | |
U.S. Treasury bills and notes | |
| 31,186 | | |
| — | | |
| (148 | ) | |
| 31,038 | |
Government sponsored enterprise notes | |
| | |
| | |
| ) | |
| |
Corporate bonds | |
| 3,912 | | |
| — | | |
| (485 | ) | |
| 3,427 | |
| |
| | | |
| | | |
| | | |
| | |
Total | |
$ | 43,059 | | |
$ | — | | |
$ | (645 | ) | |
$ | 42,414 | |
* |
Each of the Company’s certificates of deposit has a CUSIP,
was purchased in the secondary market through a broker and may be sold in the secondary market. |
The
gross unrealized losses in the table above are recorded in “Accumulated other comprehensive loss” in the consolidated
balance sheets. As of January 31, 2024, the Company determined that the unrealized losses were due to changes in interest rates or
market liquidity and were not due to credit losses. In addition, as of January 31, 2024 and July 31, 2023, the Company did not
intend to sell any of the securities with unrealized losses, and it is not more likely than not that the Company
will be required to sell any of these securities before recovery of the unrealized losses, which may be at maturity.
Proceeds
from maturities and sales of debt securities and redemptions of equity investments were $14.2 million and $16.1 million in the three
months ended January 31, 2024 and 2023, respectively, and $31.2 million and $27.5 million in the six months ended January 31, 2024 and
2023, respectively. There were no realized gains or realized losses from sales of debt securities in the three and six months ended January
31, 2024 and 2023. The Company uses the specific identification method in computing the realized gains and realized losses on the sales
of debt securities.
The
contractual maturities of the Company’s available-for-sale debt securities at January 31, 2024 were as follows:
Schedule of Contractual Maturities of Available-for-sale Debt Securities
| |
Fair Value | |
| |
(in thousands) | |
Within one year | |
$ | 23,087 | |
After one year through five years | |
| 7,496 | |
After five years through ten years | |
| 808 | |
After ten years | |
| 28 | |
| |
| | |
Total | |
$ | 31,419 | |
The
following available-for-sale debt securities were in an unrealized loss position for which other-than-temporary impairments were not
recognized:
Schedule of Available-for-sale Securities, Unrealized Loss Position
| |
Unrealized Losses | | |
Fair Value | |
| |
(in thousands) | |
January 31, 2024: | |
| | | |
| | |
Certificates of deposit | |
$ | — | | |
$ | — | |
U.S. Treasury bills and notes | |
| 76 | | |
| 21,754 | |
Government sponsored enterprise notes | |
| | |
| |
Corporate bonds | |
| 376 | | |
| 3,384 | |
| |
| | | |
| | |
Total | |
$ | 455 | | |
$ | 28,048 | |
| |
| | | |
| | |
July 31, 2023: | |
| | | |
| | |
Certificates of deposit | |
$ | 4 | | |
$ | 3,356 | |
U.S. Treasury bills and notes | |
| 148 | | |
| 31,038 | |
Government sponsored enterprise notes | |
| | |
| |
Corporate bonds | |
| 485 | | |
| 3,368 | |
| |
| | | |
| | |
Total | |
$ | 645 | | |
$ | 41,635 | |
The
following available-for-sale debt securities included in the table above were in a continuous unrealized loss position for 12 months
or longer:
Schedule of Continuous Unrealized Loss Position for 12 Months or Longer
| |
Unrealized Losses | | |
Fair Value | |
| |
(in thousands) | |
January 31, 2024: | |
| | | |
| | |
U.S. Treasury bills and notes | |
$ | 63 | | |
$ | 2,837 | |
Corporate bonds | |
| 376 | | |
| 3,384 | |
| |
| | | |
| | |
Total | |
$ | 439 | | |
$ | 6,221 | |
| |
| | | |
| | |
July 31, 2023: | |
| | | |
| | |
U.S. Treasury bills and notes | |
$ | 86 | | |
$ | 816 | |
Corporate bonds | |
| 484 | | |
| 3,299 | |
| |
| | | |
| | |
Total | |
$ | 570 | | |
$ | 4,115 | |
|
X |
- References
+ Details
Name: |
us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe entire disclosure for investments in certain debt and equity securities.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 320 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//320/tableOfContent
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-10
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6B -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-6B
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6B -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-6B
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Name Regulation S-K (SK) -Number 229 -Section 1403 -Paragraph (b) -Publisher SEC
Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 946 -SubTopic 320 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//946-320/tableOfContent
Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 940 -SubTopic 320 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//940-320/tableOfContent
Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 320 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//942-320/tableOfContent
+ Details
Name: |
us-gaap_InvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosureTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.24.0.1
Equity Investments
|
6 Months Ended |
Jan. 31, 2024 |
Cash and Cash Equivalents [Abstract] |
|
Equity Investments |
Note
7—Equity Investments
Equity
investments consist of the following:
Schedule of Equity Investments
| |
| | | |
| | |
| |
January 31, 2024 | | |
July 31, 2023 | |
| |
(in thousands) | |
Zedge, Inc. Class B common stock, 42,282 shares at January 31, 2024 and July 31, 2023 | |
$ | 138 | | |
$ | 89 | |
Rafael Holdings, Inc. Class B common stock, 278,810 shares at January 31, 2024 and July 31, 2023 | |
| 505 | | |
| 558 | |
Other marketable equity securities | |
| 188 | | |
| 1,497 | |
Fixed income mutual funds | |
| 4,245 | | |
| 4,054 | |
| |
| | | |
| | |
Current equity investments | |
$ | 5,076 | | |
$ | 6,198 | |
| |
| | | |
| | |
Visa Inc. Series C Convertible Participating Preferred Stock (“Visa Series C Preferred”) | |
$ | 1,450 | | |
$ | 1,263 | |
Convertible preferred stock—equity method investment | |
| 1,932 | | |
| 2,784 | |
Hedge funds | |
| 2,951 | | |
| 3,002 | |
Other | |
| 1,225 | | |
| 2,825 | |
| |
| | | |
| | |
Noncurrent equity investments | |
$ | 7,558 | | |
$ | 9,874 | |
Howard
S. Jonas, the Chairman of the Company and the Chairman of the Company’s Board of Directors, is also the Vice-Chairman of the Board
of Directors of Zedge, Inc. and the Chairman of the Board of Directors and Executive Chairman of Rafael Holdings, Inc.
The
changes in the carrying value of the Company’s equity investments without readily determinable fair values for which the Company
elected the measurement alternative was as follows:
Schedule of Carrying Value of Equity Investments
| |
2024 | | |
2023 | | |
2024 | | |
2023 | |
| |
Three Months Ended January 31, | | |
Six Months Ended January 31, | |
| |
2024 | | |
2023 | | |
2024 | | |
2023 | |
| |
(in thousands) | |
Balance, beginning of period | |
$ | 1,747 | | |
$ | 1,474 | | |
$ | 1,632 | | |
$ | 1,501 | |
Adjustment for observable transactions involving a similar investment from the same issuer | |
| 202 | | |
| 120 | | |
| 187 | | |
| 93 | |
Upward adjustment | |
| — | | |
| — | | |
| 130 | | |
| — | |
Redemption | |
| (230 | ) | |
| — | | |
| (230 | ) | |
| — | |
Impairments | |
| — | | |
| — | | |
| — | | |
| — | |
| |
| | | |
| | | |
| | | |
| | |
Balance, end of the period | |
$ | 1,719 | | |
$ | 1,594 | | |
$ | 1,719 | | |
$ | 1,594 | |
The
Company increased the carrying value of the shares of Visa Series C Preferred it held based on the fair value of Visa Class
A common stock, including a discount for lack of current marketability, which is classified as “Adjustment for observable transactions
involving a similar investment from the same issuer” in the table above. In addition, in connection with the acquisition of Regal
Bancorp by SR Bancorp, the Company received cash of $0.2 million in December 2023 in exchange for its shares of Regal Bancorp common
stock.
Unrealized gains (losses) for all equity investments measured at fair
value included the following:
Schedule
of Unrealized Gains (losses) Gains for All Equity Investments
| |
2024 | | |
2023 | | |
2024 | | |
2023 | |
| |
Three Months Ended January 31, | | |
Six Months Ended January 31, | |
| |
2024 | | |
2023 | | |
2024 | | |
2023 | |
| |
(in thousands) | |
Net gains (losses) recognized during the period on equity investments | |
$ | 715 | | |
$ | (228 | ) | |
$ | (202 | ) | |
$ | (2,169 | ) |
Less: net gains recognized during the period on equity investments sold during the period | |
| — | | |
| 22 | | |
| 130 | | |
| 18 | |
| |
| | | |
| | | |
| | | |
| | |
Unrealized gains (losses) recognized during the period on equity investments still held at the reporting date | |
$ | 715 | | |
$ | (250 | ) | |
$ | (332 | ) | |
$ | (2,187 | ) |
The
unrealized gains and losses for all equity investments measured at fair value in the table above included the following:
| |
2024 | | |
2023 | | |
2024 | | |
2023 | |
| |
Three Months Ended January 31, | | |
Six Months Ended January 31, | |
| |
2024 | | |
2023 | | |
2024 | | |
2023 | |
| |
(in thousands) | |
Unrealized gains (losses) recognized during the period on equity investments: | |
| | | |
| | | |
| | | |
| | |
Rafael Class B common stock | |
$ | 9 | | |
$ | 82 | | |
$ | (53 | ) | |
$ | 9 | |
| |
| | | |
| | | |
| | | |
| | |
Zedge Class B common stock | |
$ | 57 | | |
$ | 3 | | |
$ | 49 | | |
$ | (24 | ) |
Unrealized losses recognized during the period on equity investments still held at the reporting date | |
$ | 715 | | |
$ | (250 | ) | |
$ | (332 | ) | |
$ | (2,187 | ) |
Equity
Method Investment
The
Company has an investment in shares of convertible preferred stock of a communications company (the equity method investee, or “EMI”).
As of January 31, 2024 and July 31, 2023, the Company’s ownership was 33.4% and 33.3%, respectively, of the EMI’s outstanding
shares on an as converted basis. The Company accounts for this investment using the equity method since the Company can exercise significant
influence over the operating and financial policies of the EMI but does not have a controlling interest.
The
Company determined that on the dates of the acquisitions of the EMI’s shares, there were differences between its investment in
the EMI and its proportional interest in the equity of the EMI of an aggregate of $8.2 million, which represented the share of the EMI’s
customer list on the dates of the acquisitions attributed to the Company’s interest in the EMI. These basis differences are being
amortized over the 6-year estimated life of the customer list. In the accompanying consolidated statements of income, amortization of
equity method basis difference is included in the equity in the net loss of investee, which is recorded in “Other income (expense), net” (see Note 17).
In
February 2024, each of the EMI’s shareholders (including the Company) agreed to purchase additional shares of the EMI’s
convertible preferred stock. The Company paid $0.3
million in February 2024 and is committed to pay $0.2
million in March 2024 to purchase the additional shares.
The
following table summarizes the change in the balance of the Company’s equity method investment:
Summary of Changes in Equity Method Investments
| |
2024 | | |
2023 | | |
2024 | | |
2023 | |
| |
Three Months Ended January 31, | | |
Six Months Ended January 31, | |
| |
2024 | | |
2023 | | |
2024 | | |
2023 | |
| |
(in thousands) | |
Balance, beginning of period | |
$ | 2,444 | | |
$ | 349 | | |
$ | 2,784 | | |
$ | 1,001 | |
Purchase of convertible preferred stock | |
| 336 | | |
| — | | |
| 1,009 | | |
| — | |
Equity in the net loss of investee | |
| (506 | ) | |
| (542 | ) | |
| (1,176 | ) | |
| (1,012 | ) |
Amortization of equity method basis difference | |
| (342 | ) | |
| (181 | ) | |
| (685 | ) | |
| (363 | ) |
| |
| | | |
| | | |
| | | |
| | |
Balance, end of the period | |
$ | 1,932 | | |
$ | (374 | ) | |
$ | 1,932 | | |
$ | (374 | ) |
Summarized
financial information of the EMI was as follows:
Summary of Statements of Operations
| |
2024 | | |
2023 | | |
2024 | | |
2023 | |
| |
Three Months Ended January 31, | | |
Six Months Ended January 31, | |
| |
2024 | | |
2023 | | |
2024 | | |
2023 | |
| |
(in thousands) | |
| |
| |
Revenues | |
$ | 5,087 | | |
$ | 1,818 | | |
$ | 7,821 | | |
$ | 3,691 | |
Costs and expenses: | |
| | | |
| | | |
| | | |
| | |
Direct cost of revenues | |
| 4,085 | | |
| 1,535 | | |
| 6,482 | | |
| 3,228 | |
Selling, general and administrative | |
| 2,385 | | |
| 1,772 | | |
| 4,570 | | |
| 3,408 | |
| |
| | | |
| | | |
| | | |
| | |
Total costs and expenses | |
| 6,470 | | |
| 3,307 | | |
| 11,052 | | |
| 6,636 | |
| |
| | | |
| | | |
| | | |
| | |
Loss from operations | |
| (1,383 | ) | |
| (1,489 | ) | |
| (3,231 | ) | |
| (2,945 | ) |
Other expense, net | |
| — | | |
| (498 | ) | |
| — | | |
| (842 | ) |
| |
| | | |
| | | |
| | | |
| | |
Net loss | |
$ | (1,383 | ) | |
$ | (1,987 | ) | |
$ | (3,231 | ) | |
$ | (3,787 | ) |
|
X |
- References
+ Details
Name: |
us-gaap_CashAndCashEquivalentsAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe entire disclosure for cash, cash equivalents, investments in debt and equity instruments (including cost and equity investees and related income statement amounts), equity and cost method investments, investments in joint ventures and any other investment.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 65 -Paragraph 13 -Subparagraph (d)(3) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482477/820-10-65-13
+ Details
Name: |
us-gaap_InvestmentsInDebtAndEquityInstrumentsCashAndCashEquivalentsUnrealizedAndRealizedGainsLossesTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.24.0.1
Fair Value Measurements
|
6 Months Ended |
Jan. 31, 2024 |
Fair Value Disclosures [Abstract] |
|
Fair Value Measurements |
Note
8—Fair Value Measurements
The
following table presents the balance of assets and liabilities measured at fair value on a recurring basis:
Schedule of Balance of Assets Measured at Fair Value on a Recurring Basis
| |
Level 1 (1) | | |
Level 2 (2) | | |
Level 3 (3) | | |
Total | |
| |
(in thousands) | |
January 31, 2024 | |
| | | |
| | | |
| | | |
| | |
Debt securities | |
$ | 23,674 | | |
$ | 7,745 | | |
$ | — | | |
$ | 31,419 | |
Equity investments included in current assets | |
| 5,076 | | |
| — | | |
| — | | |
| 5,076 | |
Equity investments included in noncurrent assets | |
| — | | |
| 1,000 | | |
| 1,450 | | |
| 2,450 | |
| |
| | | |
| | | |
| | | |
| | |
Total | |
$ | 28,750 | | |
$ | 8,745 | | |
$ | 1,450 | | |
$ | 38,945 | |
| |
| | | |
| | | |
| | | |
| | |
Acquisition consideration included in: | |
| | | |
| | | |
| | | |
| | |
Other current liabilities | |
$ | — | | |
$ | — | | |
$ | (1,945 | ) | |
$ | (1,945 | ) |
Other noncurrent liabilities | |
| — | | |
| — | | |
| (2,572 | ) | |
| (2,572 | ) |
| |
| | | |
| | | |
| | | |
| | |
Total | |
$ | — | | |
$ | — | | |
$ | (4,517 | ) | |
$ | (4,517 | ) |
| |
| | | |
| | | |
| | | |
| | |
July 31, 2023 | |
| | | |
| | | |
| | | |
| | |
Debt securities | |
$ | 31,038 | | |
$ | 11,376 | | |
$ | — | | |
$ | 42,414 | |
Equity investments included in current assets | |
| 6,198 | | |
| — | | |
| — | | |
| 6,198 | |
Equity investments included in noncurrent assets | |
| — | | |
| 2,500 | | |
| 1,263 | | |
| 3,763 | |
| |
| | | |
| | | |
| | | |
| | |
Total | |
$ | 37,236 | | |
$ | 13,876 | | |
$ | 1,263 | | |
$ | 52,375 | |
| |
| | | |
| | | |
| | | |
| | |
Acquisition consideration included in: | |
| | | |
| | | |
| | | |
| | |
Other current liabilities | |
$ | — | | |
$ | — | | |
$ | (2,032 | ) | |
$ | (2,032 | ) |
Other noncurrent liabilities | |
| — | | |
| — | | |
| (2,773 | ) | |
| (2,773 | ) |
| |
| | | |
| | | |
| | | |
| | |
Total | |
$ | — | | |
$ | — | | |
$ | (4,805 | ) | |
$ | (4,805 | ) |
(1) | | – quoted
prices in active markets for identical assets or liabilities |
(2) | | – observable
inputs other than quoted prices in active markets for identical assets and liabilities |
(3) | | – no observable
pricing inputs in the market |
At
both January 31, 2024 and July 31, 2023, the Company had $3.0 million in investments in hedge funds, which were included in noncurrent
“Equity investments” in the accompanying consolidated balance sheets. The Company’s investments in hedge funds were
accounted for using the equity method, therefore they were not measured at fair value.
The
following table summarizes the change in the balance of the Company’s assets measured at fair value on a recurring basis using
significant unobservable inputs (Level 3):
Schedule of Assets Measured at Fair Value on a Recurring Basis Using Significant Unobservable Inputs (Level 3)
| |
2024 | | |
2023 | | |
2024 | | |
2023 | |
| |
Three Months Ended January 31, | | |
Six Months Ended January 31, | |
| |
2024 | | |
2023 | | |
2024 | | |
2023 | |
| |
(in thousands) | |
Balance, beginning of period | |
$ | 1,248 | | |
$ | 1,105 | | |
$ | 1,263 | | |
$ | 1,132 | |
Total gains included in “Other income (expense), net” | |
| 202 | | |
| 120 | | |
| 187 | | |
| 93 | |
| |
| | | |
| | | |
| | | |
| | |
Balance, end of period | |
$ | 1,450 | | |
$ | 1,225 | | |
$ | 1,450 | | |
$ | 1,225 | |
| |
| | | |
| | | |
| | | |
| | |
Change in unrealized gains or losses for the period included in earnings for assets held at the end of the period | |
$ | — | | |
$ | — | | |
$ | — | | |
$ | — | |
The
following table summarizes the change in the balance of the Company’s liabilities measured at fair value on a recurring basis using
significant unobservable inputs (Level 3):
Schedule of Liabilities Measured at Fair Value on a Recurring Basis Using Significant Unobservable Inputs (Level 3)
| |
2024 | | |
2023 | | |
2024 | | |
2023 | |
| |
Three Months Ended January 31, | | |
Six Months Ended January 31, | |
| |
2024 | | |
2023 | | |
2024 | | |
2023 | |
| |
(in thousands) | |
Balance, beginning of period | |
$ | 4,588 | | |
$ | 6,603 | | |
$ | 4,805 | | |
$ | 8,546 | |
Payments | |
| — | | |
| — | | |
| (214 | ) | |
| (375 | ) |
Total (gains) losses included in: | |
| | | |
| | | |
| | | |
| | |
“Other operating (expense) gain, net” | |
| (73 | ) | |
| — | | |
| (73 | ) | |
| (1,565 | ) |
“Foreign currency translation adjustment” | |
| 2 | | |
| 6 | | |
| (1 | ) | |
| 3 | |
| |
| | | |
| | | |
| | | |
| | |
Balance, end of period | |
$ | 4,517 | | |
$ | 6,609 | | |
$ | 4,517 | | |
$ | 6,609 | |
| |
| | | |
| | | |
| | | |
| | |
Change in unrealized gains or losses for the period included in earnings for liabilities held at the end of the period | |
$ | — | | |
$ | — | | |
$ | — | | |
$ | — | |
In the six months ended January 31, 2024 and 2023, the Company paid
an aggregate of $0.2 million and $0.4 million, respectively, for contingent consideration related to prior acquisitions. In addition,
in January 2024, the Company determined that the requirement for a contingent consideration payment related to an acquisition in a prior
period would not be met, and, in September 2022, the Company determined that the requirements for a portion of the contingent consideration
payments related to the Leaf acquisition would not be met. The Company recognized gains on the write-off of these contingent consideration
payment obligations, which were included in “Other operating (expense) gain, net” in the accompanying consolidated statements
of income.
Fair
Value of Other Financial Instruments
The
estimated fair value of the Company’s other financial instruments was determined using available market information or other appropriate
valuation methodologies. However, considerable judgment is required in interpreting these data to develop estimates of fair value. Consequently,
the estimates are not necessarily indicative of the amounts that could be realized or would be paid in a current market exchange.
Cash
and cash equivalents, restricted cash and cash equivalents, settlement assets, other current assets, customer deposits, settlement liabilities,
and other current liabilities. At January 31, 2024 and July 31, 2023, the carrying amount of these assets and liabilities approximated
fair value because of the short period of time to maturity. The fair value estimates for cash, cash equivalents, and restricted cash
and cash equivalents were classified as Level 1 and settlement assets, other current assets, customer deposits, settlement liabilities,
and other current liabilities were classified as Level 2 of the fair value hierarchy.
Other
assets and other liabilities. At January 31, 2024 and July 31, 2023, the carrying amount of these assets and liabilities approximated
fair value. The fair values were estimated based on the Company’s assumptions, which were classified as Level 3 of the fair value
hierarchy.
|
X |
- References
+ Details
Name: |
us-gaap_FairValueDisclosuresAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2
+ Details
Name: |
us-gaap_FairValueDisclosuresTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.24.0.1
Variable Interest Entity
|
6 Months Ended |
Jan. 31, 2024 |
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
|
Variable Interest Entity |
Note
9—Variable Interest Entity
The
Company is the primary beneficiary of a variable interest entity (“VIE”) that operates money transfer businesses. The Company
determined that, effective May 31, 2021, it had the power to direct the activities of the VIE that most significantly impact its economic
performance, and the Company has the obligation to absorb losses of and the right to receive benefits from the VIE that could potentially
be significant to it. As a result, the Company consolidates the VIE. The Company does not currently own any interest in the VIE and thus
the net income incurred by the VIE was attributed to noncontrolling interests in the accompanying consolidated statements of income.
The VIE’s net (loss) income and aggregate funding provided by
(repaid to) the Company were as follows:
Schedule
of Net (Loss) Income and Aggregate Funding to the Company by VIE
| |
2024 | | |
2023 | | |
2024 | | |
2023 | |
| |
Three Months Ended January 31, | | |
Six Months Ended January 31, | |
| |
2024 | | |
2023 | | |
2024 | | |
2023 | |
| |
(in thousands) | |
Net (loss) income of the VIE | |
$ | (107 | ) | |
$ | 25 | | |
$ | (26 | ) | |
$ | 165 | |
| |
| | | |
| | | |
| | | |
| | |
Aggregate funding provided by (repaid to) the Company, net | |
$ | 123 | | |
$ | (10 | ) | |
$ | 237 | | |
$ | 87 | |
The
VIE’s summarized consolidated balance sheet amounts are as follows:
VIE’s Summarized Consolidated Balance Sheet
| |
| | | |
| | |
| |
January 31, 2024 | | |
July 31, 2023 | |
| |
(in thousands) | |
Assets: | |
| | | |
| | |
Cash and equivalents | |
$ | 2,394 | | |
$ | 1,596 | |
Restricted cash | |
| 4,934 | | |
| 7,848 | |
Trade accounts receivable, net | |
| 90 | | |
| 62 | |
Disbursement prefunding | |
| 1,056 | | |
| 585 | |
Prepaid expenses | |
| 323 | | |
| 197 | |
Other current assets | |
| 255 | | |
| 317 | |
Property, plant, and equipment, net | |
| 166 | | |
| 272 | |
Other intangibles, net | |
| 661 | | |
| 737 | |
| |
| | | |
| | |
Total assets | |
$ | 9,879 | | |
$ | 11,614 | |
| |
| | | |
| | |
Liabilities and noncontrolling interests: | |
| | | |
| | |
Trade accounts payable | |
$ | 11 | | |
$ | — | |
Accrued expenses | |
| 334 | | |
| 70 | |
Settlement liabilities | |
| 5,336 | | |
| 7,573 | |
Due to the Company | |
| 263 | | |
| 26 | |
Accumulated other comprehensive income | |
| 37 | | |
| 21 | |
Noncontrolling interests | |
| 3,898 | | |
| 3,924 | |
| |
| | | |
| | |
Total liabilities and noncontrolling interests | |
$ | 9,879 | | |
$ | 11,614 | |
The
VIE’s assets may only be used to settle the VIE’s obligations and may not be used for other consolidated entities. The VIE’s
liabilities are non-recourse to the general credit of the Company’s other consolidated entities.
|
X |
- References
+ Details
Name: |
us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe entire disclosure for a variable interest entity (VIE), including but not limited to, judgments and assumptions in determining whether to consolidate and in identifying the primary beneficiary, gain (loss) recognized on the initial consolidation of the VIE, terms of arrangements, amounts and classification of the VIE's assets and liabilities, and the entity's maximum exposure to loss.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 810 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//810/tableOfContent
+ Details
Name: |
us-gaap_VariableInterestEntityDisclosureTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.24.0.1
Other Operating (Expense) Gain, Net
|
6 Months Ended |
Jan. 31, 2024 |
Other Income and Expenses [Abstract] |
|
Other Operating (Expense) Gain, Net |
Note
10—Other Operating (Expense) Gain, Net
The
following table summarizes the other operating (expense) gain, net by business segment:
Schedule
of Other Operating (Expense) Gain, Net
| |
2024 | | |
2023 | | |
2024 | | |
2023 | |
| |
Three Months Ended January 31, | | |
Six Months Ended January 31, | |
| |
2024 | | |
2023 | | |
2024 | | |
2023 | |
| |
(in thousands) | |
Corporate—Straight Path Communications Inc. class action legal fees | |
$ | (2,552 | ) | |
$ | (1,597 | ) | |
$ | (2,764 | ) | |
$ | (4,109 | ) |
Corporate—Straight Path Communications Inc. class action insurance claims | |
| 2,186 | | |
| 1,263 | | |
| 2,869 | | |
| 2,988 | |
Corporate—other | |
| — | | |
| — | | |
| 12 | | |
| — | |
Fintech—write-off of contingent consideration liability | |
| — | | |
| — | | |
| — | | |
| 1,565 | |
Fintech— government grants | |
| — | | |
| 349 | | |
| — | | |
| 382 | |
net2phone—write-off of contingent consideration liability | |
| 73 | | |
| — | | |
| 73 | | |
| — | |
Traditional Communications— cable telephony customer indemnification claim | |
| — | | |
| (1 | ) | |
| — | | |
| (12 | ) |
Traditional Communications—other | |
| (1 | ) | |
| 3 | | |
| — | | |
| 2 | |
| |
| | | |
| | | |
| | | |
| | |
Total other operating (expense) gain, net | |
$ | (294 | ) | |
$ | 17 | | |
$ | 190 | | |
$ | 816 | |
Straight
Path Communications Inc. Class Action
As
discussed in Note 16, the Company (as well as other defendants) was named in a class action on behalf of the stockholders of the Company’s
former subsidiary, Straight Path Communications Inc. (“Straight Path”). The Company incurred legal fees and recorded offsetting
gains from insurance claims related to this action in the three and six months ended January 31, 2024 and 2023. On October 3, 2023, the
Court of Chancery of the State of Delaware dismissed all claims against the Company, and found that, contrary to the plaintiffs’
allegations, the class suffered no damages. The plaintiffs will have 30 days from entry of the final order to file an appeal.
Write-off
of Contingent Consideration Liability
In January 2024, the Company determined that the requirement for a contingent consideration payment related to
an acquisition in a prior period would not be met. In addition, in September 2022, the Company determined that the requirements for a
portion of the contingent consideration payments related to the Leaf acquisition would not be met. The Company recognized gains on the
write-off of these contingent consideration payment obligations in the net2phone and Fintech segments.
Government
Grants
In
the three and six months ended January 31, 2023, Leaf received payments from government grants for the development and commercialization
of blockchain-backed financial technologies.
Indemnification
Claim
Beginning
in June 2019, as part of a commercial resolution, the Company indemnified a cable telephony customer related to patent infringement claims
brought against the customer. On May 8, 2023, the Company and the customer agreed to release the Company from the indemnification agreement
in exchange for $3.9 million, which was recorded as an expense in the third quarter of fiscal 2023.
|
X |
- References
+ Details
Name: |
us-gaap_OtherIncomeAndExpensesAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe entire disclosure for other operating income and other operating expense items.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-07(2)(d)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483575/946-220-S99-1
+ Details
Name: |
us-gaap_OtherOperatingIncomeAndExpenseTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.24.0.1
Revolving Credit Facility
|
6 Months Ended |
Jan. 31, 2024 |
Debt Disclosure [Abstract] |
|
Revolving Credit Facility |
Note
11—Revolving Credit Facility
The
Company’s subsidiary, IDT Telecom, Inc. (“IDT Telecom”), entered into a credit agreement, dated as of May 17, 2021,
with TD Bank, N.A. for a revolving credit facility for up to a maximum principal amount of $25.0 million. As of July 28, 2023, IDT Telecom
and TD Bank, N.A. amended certain terms of the credit agreement. IDT Telecom may use the proceeds to finance working capital requirements
and for certain closing costs of the facility. At January 31, 2024 and July 31, 2023, there were no amounts outstanding under this facility.
In the six months ended January 31, 2024 and 2023, IDT Telecom borrowed and repaid an aggregate of $30.6 million and $2.4 million, respectively,
under the facility. The revolving credit facility is secured by primarily all of IDT Telecom’s assets. The principal outstanding
bears interest per annum at the secured overnight financing rate published by the Federal Reserve Bank of New York plus 10 basis points,
plus depending upon IDT Telecom’s leverage ratio as computed for the most recent fiscal quarter, 125 to 175 basis points. Interest
is payable monthly, and all outstanding principal and any accrued and unpaid interest is due on May 16, 2026. IDT Telecom pays a quarterly
unused commitment fee on the average daily balance of the unused portion of the $25.0 million commitment of 30 to 85 basis points, depending
upon IDT Telecom’s leverage ratio as computed for the most recent fiscal quarter. IDT Telecom is required to comply with various
affirmative and negative covenants as well as maintain certain targets based on financial ratios during the term of the revolving credit
facility. As of January 31, 2024 and July 31, 2023, IDT Telecom was in compliance with all of the covenants.
|
X |
- References
+ Details
Name: |
us-gaap_DebtDisclosureAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1B -Subparagraph (h) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(c)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1
Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 470 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//470/tableOfContent
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1B -Publisher FASB -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1B -Subparagraph (g) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1B -Subparagraph (i) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B
Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1C -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1C
Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1C -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1C
Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1C -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1C
Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1E -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1E
Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1I -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1I
Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1I -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1I
Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1I -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1I
+ Details
Name: |
us-gaap_DebtDisclosureTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.24.0.1
Equity
|
6 Months Ended |
Jan. 31, 2024 |
Equity: |
|
Equity |
Note
12—Equity
2024
Equity Incentive Plan
On
December 13, 2023, the Company’s stockholders approved the adoption of the Company’s 2024 Equity Incentive Plan (the
“2024 Plan”), which is intended to provide incentives to officers, employees, directors, and consultants of the Company,
including stock options, stock appreciation rights, deferred stock units (“DSUs”), and restricted stock, from and after
September 16, 2024. There are 250,000
shares of the Company’s Class B common stock reserved for the grant of awards under the 2024 Plan.
2015
Stock Option and Incentive Plan
On
December 13, 2023, the Company’s stockholders approved an amendment to the Company’s 2015 Stock Option and Incentive Plan
(the “2015 Plan”) to increase the number of shares of the Company’s Class B common stock available for the grant of
awards thereunder by an additional 250,000 shares. The 2015 Plan is scheduled to expire on September 16, 2024.
In
both the six months ended January 31, 2024 and 2023, the Company received cash from the exercise of stock options of $0.2
million for which the Company issued 12,500
shares of its Class B common stock.
Stock
Repurchases
The
Company has an existing stock repurchase program authorized by its Board of Directors for the repurchase of shares of the Company’s
Class B common stock. The Board of Directors authorized the repurchase of up to 8.0 million shares in the aggregate. In the six months
ended January 31, 2024, the Company repurchased 135,261 shares of its Class B common stock for an aggregate purchase price of $3.2 million.
In the six months ended January 31, 2023, the Company repurchased 203,436 shares of its Class B common stock for an aggregate purchase
price of $5.0 million. At January 31, 2024, 4.6 million shares remained available for repurchase under the stock repurchase program.
In
the six months ended January 31, 2024 and 2023, the Company paid $15,000 and $0.3 million, respectively, to repurchase 654 and 13,403
shares, respectively, of the Company’s Class B common stock that were tendered by employees of the Company to satisfy the employees’
tax withholding obligations in connection with the vesting of DSUs, the lapsing of restrictions on restricted stock, and shares issued
for bonus payments. Such shares were repurchased by the Company based on their fair market value as of the close of business on the trading
day immediately prior to the vesting date.
Deferred
Stock Units Equity Incentive Program
On
November 30, 2022, the Company adopted an equity incentive program (under its 2015 Plan) in the form of grants of DSUs that, upon vesting,
will entitle the grantees to receive shares of the Company’s Class B common stock. The
number of shares that will be issuable on each vesting date will vary between 50% to 200% of the number of DSUs that vest on that vesting
date, depending on the market price for the underlying Class B common stock on the vesting date relative to the base price approved by
the Compensation Committee of the Company’s Board of Directors of $25.45 per share (which was based on the market price at the
time of the initial grants under this program). On
February 21, 2024, the second vesting date under the program, in accordance with the program and based on certain elections made by grantees,
the Company issued 53,706
shares of its Class B common stock for vested
DSUs. Subject to continued full time employment or other services to the Company, the remaining 147,540
DSUs are scheduled to vest on February 25, 2025,
the third and final vesting date under the program.
Amended and Restated Employment Agreement
with Abilio (“Bill”) Pereira
On December 21, 2023,
the Company entered into an Amended and Restated Employment Agreement with Bill Pereira, the Company’s President and Chief
Operating Officer. The agreement provides for, among other things, certain equity grants, including 23,500
DSUs that, upon vesting, represent the right to receive shares of the Company’s Class B common stock, and 50,000
shares of Class B common stock of net2phone 2.0, as well as a contingent bonus subject to the completion of certain financial
milestones as set forth in the agreement. The Company currently believes it is probable that some of the milestones will be
satisfied, and some of the contingent bonus will be earned, for which the contingent bonus may be paid, at Mr. Pereira’s
option, in either shares of the Company’s Class B common stock or cash. In the three and six months ended January 31, 2024,
the Company recorded an aggregate stock-based compensation expense of $1.4
million related to these equity grants and the contingent bonus, which is included in “Selling, general and administrative
expense” in the accompanying consolidated statements of income. At January 31, 2024, there was an aggregate of $0.4
million of total unrecognized compensation cost related to Mr. Pereira’s non-vested DSUs, which is expected to be recognized
over the remaining vesting period that ends in February 2025. Also at January 31, 2024, there was an aggregate of $2.0
million of total unrecognized compensation cost related to the probable portion of Mr. Pereira’s contingent bonus, which is
expected to be recognized over the estimated period that the Company expects the milestones to be satisfied, which ends in the first
quarter of fiscal 2025.
Exchange of NRS Shares for the Company’s
Shares
In January 2024,
three management employees of NRS exchanged shares of NRS’ Class B common stock that they held for shares of the
Company’s Class B common stock with an equal value. The NRS shares in the exchange represented an aggregate of 1.25%
of NRS’ outstanding shares, which were exchanged for an aggregate of 192,433
shares of the Company’s Class B common stock. The Company accounted for the exchange as an equity transaction and recorded a
decrease in “Noncontrolling interests” and an increase in “Additional paid-in capital” of $0.1
million, based on the carrying amount of the 1.25%
noncontrolling interest in NRS.
Restricted net2phone 2.0 Common Stock Repurchased
from Employees
In January 2024, the restrictions
lapsed on the 0.5 million restricted shares of net2phone 2.0 Class B common stock that were granted in December 2020 to each of Howard
S. Jonas and Shmuel Jonas, the Company’s Chief Executive Officer. In addition, in January 2024, Bill Pereira was granted 50,000
shares of net2phone 2.0 Class B common stock in connection with the agreement described above. The Company withheld a portion of these
shares representing an aggregate of 4.5% of the outstanding shares of net2phone 2.0 with an aggregate fair value of $3.6 million to satisfy
the grantees’ tax withholding obligations in connection with the lapsing of restrictions on restricted stock or the grant of shares.
The fair value per share of the net2phone 2.0 Class B common stock was based on a valuation of the business enterprise using a market
approach and income approach. The Company recorded an increase in “Noncontrolling interests” of $53,000 and a decrease in
“Additional paid-in capital” of $3.61 million, and an offsetting income tax withholding liability of $3.6 million.
Subsequent
Event—Dividend Payments
In
March 2024, the Company’s Board of Directors initiated a quarterly cash dividend of $0.05 per share on the Company’s Class
A and Class B common stock. The initial dividend will be paid on or about March 27, 2024 with a record date of March 19, 2024. The dividend
will supplement the Company’s existing stock repurchase program.
|
X |
- References
+ Details
Name: |
us-gaap_EquityAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe entire disclosure for equity.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-13
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (h) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-13
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 14 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-14
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 235 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481062/946-235-50-2
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 235 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481062/946-235-50-2
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 505 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481004/946-505-50-6
Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 40 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480237/815-40-50-6
Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480008/505-10-S99-1
Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(e)(1)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1
Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//505/tableOfContent
Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-13
Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (g) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-13
Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (i) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-13
Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 14 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-14
Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 14 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-14
Reference 16: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 16 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-16
Reference 17: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 18 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-18
Reference 18: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 18 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-18
Reference 19: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 18 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-18
+ Details
Name: |
us-gaap_StockholdersEquityNoteDisclosureTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.24.0.1
Redeemable Noncontrolling Interest
|
6 Months Ended |
Jan. 31, 2024 |
Noncontrolling Interest [Abstract] |
|
Redeemable Noncontrolling Interest |
Note
13—Redeemable Noncontrolling Interest
On
September 29, 2021, NRS sold shares of its Class B common stock representing 2.5% of its outstanding capital stock on a fully diluted
basis to Alta Fox Opportunities Fund LP (“Alta Fox”) for cash of $10 million. Alta Fox has the right to request that NRS
redeem all or any portion of the NRS common shares that it purchased at the per share purchase price during a period of 182 days following
the fifth anniversary of this transaction. The redemption right shall terminate upon the consummation of (i) a sale of NRS or its assets
for cash or securities that are listed on a national securities exchange, (ii) a public offering of NRS’ securities, or (iii) a
distribution of NRS’ capital stock following which NRS’ common shares are listed on a national securities exchange.
The
shares of NRS’ Class B common stock sold to Alta Fox have been classified as mezzanine equity in the accompanying consolidated
balance sheets because they may be redeemed at the option of Alta Fox, although the shares are not mandatorily redeemable. The carrying
amount of the shares includes the noncontrolling interest in the net income of NRS. The net income attributable to the mezzanine equity’s
noncontrolling interest during the periods were as follows:
Schedule of Net Income Attributable to Mezzanine Equity’s Noncontrolling Interest
| |
2024 | | |
2023 | | |
2024 | | |
2023 | |
| |
Three Months Ended January 31, | | |
Six Months Ended January 31, | |
| |
2024 | | |
2023 | | |
2024 | | |
2023 | |
| |
(in thousands) | |
Net income of NRS attributable to the mezzanine equity’s noncontrolling interest | |
$ | 114 | | |
$ | 65 | | |
$ | 221 | | |
$ | 198 | |
|
X |
- DefinitionThe entire disclosure for noncontrolling interest in consolidated subsidiaries, which could include the name of the subsidiary, the ownership percentage held by the parent, the ownership percentage held by the noncontrolling owners, the amount of the noncontrolling interest, the location of this amount on the balance sheet (when not reported separately), an explanation of the increase or decrease in the amount of the noncontrolling interest, the noncontrolling interest share of the net Income or Loss of the subsidiary, the location of this amount on the income statement (when not reported separately), the nature of the noncontrolling interest such as background information and terms, the amount of the noncontrolling interest represented by preferred stock, a description of the preferred stock, and the dividend requirements of the preferred stock.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 810 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//810/tableOfContent
+ Details
Name: |
us-gaap_MinorityInterestDisclosureTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_NoncontrollingInterestAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.24.0.1
Earnings Per Share
|
6 Months Ended |
Jan. 31, 2024 |
Earnings per share attributable to IDT Corporation common stockholders: |
|
Earnings Per Share |
Note
14— Earnings Per Share
Basic
earnings per share is computed by dividing net income attributable to all classes of common stockholders of the Company by the weighted
average number of shares of all classes of common stock outstanding during the applicable period. Diluted earnings per share is computed
in the same manner as basic earnings per share, except that the number of shares is increased to include restricted stock still subject
to risk of forfeiture and to assume exercise of potentially dilutive stock options using the treasury stock method, unless the effect
of such increase is anti-dilutive.
The
weighted-average number of shares used in the calculation of basic and diluted earnings per share attributable to the Company’s
common stockholders consists of the following:
Schedule of Weighted-average Number of Shares Used in the Calculation of Basic and Diluted Earnings Per Share
| |
2024 | | |
2023 | | |
2024 | | |
2023 | |
| |
Three Months Ended January 31, | | |
Six Months Ended January 31, | |
| |
2024 | | |
2023 | | |
2024 | | |
2023 | |
| |
(in thousands) | |
Basic weighted-average number of shares | |
| 25,175 | | |
| 25,510 | | |
| 25,176 | | |
| 25,556 | |
Effect of dilutive securities: | |
| | | |
| | | |
| | | |
| | |
Stock options | |
| — | | |
| 9 | | |
| 1 | | |
| 11 | |
Non-vested restricted Class B common stock | |
| 142 | | |
| 19 | | |
| 120 | | |
| 10 | |
| |
| | | |
| | | |
| | | |
| | |
Diluted weighted-average number of shares | |
| 25,317 | | |
| 25,538 | | |
| 25,297 | | |
| 25,577 | |
There
were no shares excluded from the calculation of diluted earnings per share in the three and six months ended January 31, 2024 and 2023.
|
X |
- References
+ Details
Name: |
us-gaap_EarningsPerShareAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe entire disclosure for earnings per share.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//260/tableOfContent
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-2
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-3
+ Details
Name: |
us-gaap_EarningsPerShareTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.24.0.1
Accumulated Other Comprehensive Loss
|
6 Months Ended |
Jan. 31, 2024 |
Equity: |
|
Accumulated Other Comprehensive Loss |
Note
15—Accumulated Other Comprehensive Loss
The accumulated balances for each classification of other comprehensive income (loss) were as follows:
Schedule
of Accumulated Balances for Each Classification of Other Comprehensive Income Income (Loss)
| |
Unrealized
Loss on
Available-for-Sale Securities | | |
Foreign
Currency
Translation | | |
Accumulated
Other
Comprehensive
Loss | |
| |
(in thousands) | |
Balance, July 31, 2023 | |
$ | (645 | ) | |
$ | (16,547 | ) | |
$ | (17,192 | ) |
Other comprehensive income (loss) attributable to IDT Corporation | |
| 204 | | |
| (288 | ) | |
| (84 | ) |
| |
| | | |
| | | |
| | |
Balance, January 31, 2024 | |
$ | (441 | ) | |
$ | (16,835 | ) | |
$ | (17,276 | ) |
|
X |
- DefinitionThe entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(19)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483586/944-220-S99-1
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(21)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(23)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1
Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//220/tableOfContent
+ Details
Name: |
us-gaap_ComprehensiveIncomeNoteTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_EquityAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.24.0.1
Commitments and Contingencies
|
6 Months Ended |
Jan. 31, 2024 |
Commitments and Contingencies Disclosure [Abstract] |
|
Commitments and Contingencies |
Note
16—Commitments and Contingencies
COVID-19
In
May 2023, the World Health Organization declared an end to COVID-19 as a public health emergency. As of the date of this Quarterly Report,
the Company continues to monitor the situation. The Company cannot predict with certainty the potential impact of COVID-19 if it re-invigorates
on the Company’s results of operations, financial condition, or cash flows.
Legal
Proceedings
On
July 5, 2017, plaintiff JDS1, LLC, on behalf of itself and all other similarly situated stockholders of Straight Path, and derivatively
on behalf of Straight Path as nominal defendant, filed a putative class action and derivative complaint in the Court of Chancery of the
State of Delaware against the Company, The Patrick Henry Trust (a trust formed by Howard S. Jonas that held record and beneficial ownership
of certain shares of Straight Path he formerly held), Howard S. Jonas, and each of Straight Path’s directors. The complaint alleged
that the Company aided and abetted Straight Path Chairman of the Board and Chief Executive Officer Davidi Jonas, and Howard S. Jonas
in his capacity as controlling stockholder of Straight Path, in breaching their fiduciary duties to Straight Path in connection with
the settlement of claims between Straight Path and the Company related to potential indemnification claims concerning Straight Path’s
obligations under the Consent Decree it entered into with the Federal Communications Commission (“FCC”), as well as the sale
of Straight Path’s subsidiary Straight Path IP Group, Inc. to the Company in connection with that settlement. That action was consolidated
with a similar action that was initiated by The Arbitrage Fund. The Plaintiffs sought, among other things, (i) a declaration that the
action may be maintained as a class action or in the alternative, that demand on the Straight Path Board is excused; (ii) that the term
sheet is invalid; (iii) awarding damages for the unfair price stockholders received in the merger between Straight Path and Verizon Communications
Inc. for their shares of Straight Path’s Class B common stock; and (iv) ordering Howard S. Jonas, Davidi Jonas, and the Company
to disgorge any profits for the benefit of the class Plaintiffs. On August 28, 2017, the Plaintiffs filed an amended complaint. The trial
was held in August and December 2022, and closing arguments were presented on May 3, 2023. On October 3, 2023, the Court of Chancery
of the State of Delaware dismissed all claims against the Company, and found that, contrary to the plaintiffs’ allegations, the
class suffered no damages. The plaintiffs will have 30 days from entry of the final order to file an appeal.
In
addition to the foregoing, the Company is subject to other legal proceedings that have arisen in the ordinary course of business and
have not been finally adjudicated. Although there can be no assurance in this regard, the Company believes that none of the other legal
proceedings to which the Company is a party will have a material adverse effect on the Company’s results of operations, cash flows
or financial condition.
Sales
Tax Contingency
On
June 21, 2018, the United States Supreme Court rendered a decision in South Dakota v. Wayfair, Inc., holding that a state may require
a remote seller with no physical presence in the state to collect and remit sales tax on goods and services provided to purchasers in
the state, overturning certain existing court precedent. It is possible that one or more jurisdictions may assert that the Company has
liability for periods for which it has not collected sales, use or other similar taxes, and if such an assertion or assertions were successful
it could materially and adversely affect the Company’s business, financial position, and operating results. One or more jurisdictions
may change their laws or policies to apply their sales, use or other similar taxes to the Company’s operations, and if such changes
were made it could materially and adversely affect the Company’s business, financial position, and operating results.
Regulatory
Fees Audit
The Company’s 2017 FCC Form 499-A, which reports its calendar year 2016 revenue, was audited by the Universal Service Administrative
Company (“USAC”). The USAC’s final decision imposed a $2.9 million charge on the Company for the Federal Telecommunications
Relay Service (“TRS”) Fund. The Company has appealed the USAC’s final decision to the FCC and does not intend to remit
payment for the TRS Fund fees unless and until a negative decision on its appeal has been issued. The Company has made certain changes
to its filing policies and procedures for years that remain potentially under audit. At January 31, 2024 and July 31, 2023, the Company’s
accrued expenses included $23.4 million and $26.8 million, respectively, for FCC-related regulatory fees for the year covered by the
audit, as well as prior and subsequent years.
Purchase
Commitments
At
January 31, 2024, the Company had purchase commitments of $17.6 million primarily for equipment and services.
Performance
Bonds
The
Company has performance bonds issued through third parties for the benefit of various states in order to comply with the states’
financial requirements for money remittance licenses and telecommunications resellers. At January 31, 2024, the Company had aggregate
performance bonds of $29.0 million outstanding.
|
X |
- References
+ Details
Name: |
us-gaap_CommitmentsAndContingenciesDisclosureAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe entire disclosure for commitments and contingencies.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 440 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482648/440-10-50-4
Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 450 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//450/tableOfContent
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 954 -SubTopic 440 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480327/954-440-50-1
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 440 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482648/440-10-50-4
Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 440 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//440/tableOfContent
+ Details
Name: |
us-gaap_CommitmentsAndContingenciesDisclosureTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.24.0.1
Other Income (Expense), Net
|
6 Months Ended |
Jan. 31, 2024 |
Other Income and Expenses [Abstract] |
|
Other Income (Expense), Net |
Note
17—Other Income (Expense), Net
Other income (expense), net consists of the following:
Schedule
of Other Income (Expense), Net
| |
2024 | | |
2023 | | |
2024 | | |
2023 | |
| |
Three Months Ended January 31, | | |
Six Months Ended January 31, | |
| |
2024 | | |
2023 | | |
2024 | | |
2023 | |
| |
(in thousands) | |
Foreign currency transaction gains (losses) | |
$ | 2,510 | | |
$ | 2,480 | | |
$ | (989 | ) | |
$ | 1,451 | |
Equity in net loss of investee | |
| (848 | ) | |
| (723 | ) | |
| (1,861 | ) | |
| (1,375 | ) |
Gains (losses) on investments, net | |
| 715 | | |
| (228 | ) | |
| (202 | ) | |
| (2,169 | ) |
Other | |
| 157 | | |
| 84 | | |
| (1 | ) | |
| (136 | ) |
| |
| | | |
| | | |
| | | |
| | |
Total other income (expense), net | |
$ | 2,534 | | |
$ | 1,613 | | |
$ | (3,053 | ) | |
$ | (2,229 | ) |
|
X |
- References
+ Details
Name: |
us-gaap_OtherIncomeAndExpensesAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe entire disclosure for other income or other expense items (both operating and nonoperating). Sources of nonoperating income or nonoperating expense that may be disclosed, include amounts earned from dividends, interest on securities, profits (losses) on securities, net and miscellaneous other income or income deductions.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 610 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//610/tableOfContent
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 720 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//720/tableOfContent
+ Details
Name: |
us-gaap_OtherIncomeAndOtherExpenseDisclosureTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.24.0.1
Income Taxes
|
6 Months Ended |
Jan. 31, 2024 |
Income Tax Disclosure [Abstract] |
|
Income Taxes |
Note
18—Income Taxes
As
of January 31, 2024, the Company’s best estimate of the effective tax rate expected to be applicable for fiscal 2024 was 24.7%
compared to 27.0%
at July 31, 2023. The change in the estimated effective tax rate was mainly due to differences in the amount of taxable income earned
in the various taxing jurisdictions.
|
X |
- DefinitionThe entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480990/946-20-50-13
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(h)(2)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//740/tableOfContent
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 14 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-14
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-21
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 270 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482526/740-270-50-1
Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 17 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-17
Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SAB TOPIC 6.I.5.Q1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479360/740-10-S99-1
Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 11.C) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479360/740-10-S99-2
Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482603/740-30-50-2
+ Details
Name: |
us-gaap_IncomeTaxDisclosureTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.24.0.1
Recently Issued Accounting Standards Not Yet Adopted
|
6 Months Ended |
Jan. 31, 2024 |
Accounting Changes and Error Corrections [Abstract] |
|
Recently Issued Accounting Standards Not Yet Adopted |
Note
19—Recently Issued Accounting Standards Not Yet Adopted
In December 2023, the Financial Accounting Standards Board (“FASB”)
issued ASU No. 2023-09, Income Taxes (Topic 740), Improvements to Income Tax Disclosures, primarily related to the rate
reconciliation and income taxes paid disclosures as well as certain other amendments to income tax disclosures. Entities will be required
on an annual basis to consistently categorize and provide greater disaggregation of rate reconciliation information and further disaggregate
their income taxes paid. The Company will adopt the amendments in this ASU for its fiscal year beginning on August 1, 2025. The amendments
in this ASU should be applied on a prospective basis, although retrospective application is permitted. The Company is evaluating the impact
that this ASU will have on its consolidated financial statements.
In December 2023, the FASB issued ASU No. 2023-08, Intangibles-Goodwill and Other-Crypto Assets (Subtopic
350-60), Accounting for and Disclosure of Crypto Assets, that changes the accounting for crypto assets from a cost-less-impairment
model to fair value, with changes recognized in net income each reporting period. The ASU also requires enhanced disclosures including,
among other things, the name, cost basis, fair value, and number of units for each significant holding, and a rollforward of annual activity
including additions, dispositions, gains, and losses. The Company will adopt the amendments in this ASU for its fiscal year beginning
on August 1, 2025. The ASU requires a cumulative-effect adjustment to the opening balance of retained earnings as of adoption. The Company
is evaluating the impact that this ASU will have on its consolidated financial statements.
In
November 2023, the FASB issued ASU No. 2023-07, Segment Reporting (Topic 280), Improvements to Reportable Segment Disclosures,
to improve the disclosures about reportable segments and add more detailed information about a reportable segment’s expenses.
The amendments in the ASU require public entities to disclose on an annual and interim basis significant segment expenses that are regularly
provided to the chief operating decision maker (“CODM”) and included within each reported measure of segment profit or loss,
other segment items by reportable segment, the title and position of the CODM, and an explanation of how the CODM uses the reported measures
of segment profit or loss in assessing segment performance and deciding how to allocate resources. The ASU does not change the definition
of a segment, the method for determining segments, the criteria for aggregating operating segments into reportable segments, or the current
specifically enumerated segment expenses that are required to be disclosed. The Company will adopt the amendments in this ASU for its
fiscal year beginning on August 1, 2024 applied retrospectively to all prior periods presented. The Company is evaluating the impact
that this ASU will have on its consolidated financial statements.
In
June 2022, the FASB issued ASU No. 2022-03, Fair Value Measurement (Topic 820), Fair Value Measurement of Equity Securities
Subject to Contractual Sale Restrictions, that clarifies that a contractual restriction on the sale of an equity security is not
considered part of the unit of account of the equity security and, therefore, is not considered in measuring fair value. The ASU also
requires specific disclosures related to equity securities that are subject to contractual sales restrictions. The Company will adopt
the amendments in this ASU prospectively on August 1, 2024. The Company is evaluating the impact that this ASU will have on its consolidated
financial statements.
|
X |
- References
+ Details
Name: |
us-gaap_AccountingChangesAndErrorCorrectionsAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe entire disclosure for change in accounting principle. Includes, but is not limited to, nature, reason, and method of adopting amendment to accounting standards or other change in accounting principle.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 40 -Name Accounting Standards Codification -Section 65 -Paragraph 2 -Subparagraph (g)(2)(i) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480016/944-40-65-2
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 40 -Name Accounting Standards Codification -Section 65 -Paragraph 2 -Subparagraph (g)(2)(ii) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480016/944-40-65-2
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 40 -Name Accounting Standards Codification -Section 65 -Paragraph 2 -Subparagraph (g)(2)(iii) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480016/944-40-65-2
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 40 -Name Accounting Standards Codification -Section 65 -Paragraph 2 -Subparagraph (g)(2)(iv) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480016/944-40-65-2
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 40 -Name Accounting Standards Codification -Section 65 -Paragraph 2 -Subparagraph (h)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480016/944-40-65-2
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 5 -Subparagraph (SAB Topic 11.M.Q2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480530/250-10-S99-5
Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b)(4) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483443/250-10-50-1
Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 20 -Name Accounting Standards Codification -Section 65 -Paragraph 6 -Subparagraph (i)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480528/815-20-65-6
Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 10 -Name Accounting Standards Codification -Section 65 -Paragraph 5 -Subparagraph (f)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479832/842-10-65-5
Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 10 -Name Accounting Standards Codification -Section 65 -Paragraph 5 -Subparagraph (f)(3) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479832/842-10-65-5
Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 40 -Name Accounting Standards Codification -Section 65 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480175/815-40-65-2
Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 40 -Name Accounting Standards Codification -Section 65 -Paragraph 2 -Subparagraph (c)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480175/815-40-65-2
Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 40 -Name Accounting Standards Codification -Section 65 -Paragraph 2 -Subparagraph (c)(3) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480175/815-40-65-2
Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 848 -SubTopic 10 -Name Accounting Standards Codification -Section 65 -Paragraph 2 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483550/848-10-65-2
Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Topic 105 -SubTopic 10 -Name Accounting Standards Codification -Section 65 -Paragraph 6 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479343/105-10-65-6
Reference 16: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483443/250-10-50-1
Reference 17: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 65 -Paragraph 8 -Subparagraph (e)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482615/740-10-65-8
Reference 18: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 65 -Paragraph 8 -Subparagraph (e)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482615/740-10-65-8
Reference 19: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 65 -Paragraph 8 -Subparagraph (e)(3) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482615/740-10-65-8
Reference 20: http://www.xbrl.org/2003/role/disclosureRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 65 -Paragraph 6 -Subparagraph (e)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482833/825-10-65-6
Reference 21: http://www.xbrl.org/2003/role/disclosureRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 65 -Paragraph 6 -Subparagraph (e)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482833/825-10-65-6
Reference 22: http://www.xbrl.org/2003/role/disclosureRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 65 -Paragraph 6 -Subparagraph (e)(3) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482833/825-10-65-6
Reference 23: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 10 -Name Accounting Standards Codification -Section 65 -Paragraph 4 -Subparagraph (e)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479654/326-10-65-4
Reference 24: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 10 -Name Accounting Standards Codification -Section 65 -Paragraph 4 -Subparagraph (e)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479654/326-10-65-4
Reference 25: http://www.xbrl.org/2003/role/disclosureRef -Topic 926 -SubTopic 20 -Name Accounting Standards Codification -Section 65 -Paragraph 2 -Subparagraph (f)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483194/926-20-65-2
Reference 26: http://www.xbrl.org/2003/role/disclosureRef -Topic 926 -SubTopic 20 -Name Accounting Standards Codification -Section 65 -Paragraph 2 -Subparagraph (f)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483194/926-20-65-2
Reference 27: http://www.xbrl.org/2003/role/disclosureRef -Topic 926 -SubTopic 20 -Name Accounting Standards Codification -Section 65 -Paragraph 2 -Subparagraph (f)(3) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483194/926-20-65-2
Reference 28: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480530/250-10-S99-6
Reference 29: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483443/250-10-50-1
Reference 30: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483443/250-10-50-1
Reference 31: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 250 -Publisher FASB -URI https://asc.fasb.org//250/tableOfContent
Reference 32: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 40 -Name Accounting Standards Codification -Section 65 -Paragraph 1 -Subparagraph (e)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480175/815-40-65-1
Reference 33: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 65 -Paragraph 2 -Subparagraph (d)(1) -SubTopic 20 -Topic 310 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481925/310-20-65-2
Reference 34: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 65 -Paragraph 2 -Subparagraph (d)(2) -SubTopic 20 -Topic 310 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481925/310-20-65-2
+ Details
Name: |
us-gaap_NewAccountingPronouncementsAndChangesInAccountingPrinciplesTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.24.0.1
Basis of Presentation (Policies)
|
6 Months Ended |
Jan. 31, 2024 |
Accounting Policies [Abstract] |
|
Reclassifications |
Reclassifications
From
and after August 1, 2023, the Company includes depreciation and amortization in “Direct cost of revenues” and
“Selling, general and administrative” expense and is reporting gross profit (in accordance with U.S. GAAP) in the
consolidated statements of income. Prior to August 1, 2023, depreciation and amortization was a separate caption in the consolidated
statements of income. Depreciation and amortization expense of $5.0
million in the three months ended January 31, 2023 was reclassified to conform to the current year’s presentation as follows:
$1.1
million was reclassified to “Direct cost of revenues” and $3.9
million was reclassified to “Selling, general and administrative” expense, and depreciation and amortization expense of
$9.8
million in the six months ended January 31, 2023 was reclassified to conform to the current year’s presentation as follows:
$2.1
million was reclassified to “Direct cost of revenues” and $7.7
million was reclassified to “Selling, general and administrative” expense.
In
the consolidated statements of cash flows, cash provided by “Trade accounts receivable” in the six months ended January 31,
2023 of $13.8 million was reclassified to “Settlement assets, disbursement prefunding, prepaid expenses, other current assets,
and other assets” to conform to the current year’s presentation.
|
Recently Adopted Accounting Standard |
Recently
Adopted Accounting Standard
On
August 1, 2023, the Company adopted Accounting Standards Update (“ASU”) No. 2016-13, Financial Instruments—Credit
Losses (Topic 326), Measurement of Credit Losses on Financial Instruments, that changed the impairment model for most financial
assets and certain other instruments. For receivables, entities are required to use a new forward-looking current expected credit loss
model to determine its allowance for credit losses, which replaced the allowance for doubtful accounts. When determining the allowance
for credit losses for its trade accounts receivable, the Company considers the probability of recoverability of accounts receivable based
on past experience, taking into account current collection trends and general economic factors, including bankruptcy rates. The Company
also considers future economic trends to estimate expected credit losses over the lifetime of the asset. Credit risks will be assessed
based on historical write-offs, net of recoveries, as well as an analysis of the aged accounts receivable balances with allowances generally
increasing as the receivable ages. Accounts receivable may be fully reserved for when specific collection issues are known to exist,
such as pending bankruptcies. Account balances are written off against the allowance when it is determined that the receivable will not
be recovered. For available-for-sale debt securities with unrealized losses, the concept of “other-than-temporary” impairment
was replaced by a determination whether any impairment is a result of a credit loss or other factors. The portion of the unrealized loss
that is the result of a credit loss is recognized as an allowance and a corresponding expense recorded in “Other income (expense), net”
in the consolidated statements of income. Unrealized loss that is not the result of a credit loss is recorded in “Accumulated other
comprehensive loss” in the consolidated balance sheets. The adoption of the new standard did not have a material impact on the
Company’s consolidated financial statements, and it was not necessary to record a cumulative-effect adjustment to retained earnings
as of August 1, 2023.
|
X |
- References
+ Details
Name: |
us-gaap_AccountingPoliciesAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionDisclosure of accounting policy pertaining to new accounting pronouncements that may impact the entity's financial reporting. Includes, but is not limited to, quantification of the expected or actual impact.
+ References
+ Details
Name: |
us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionDisclosure of accounting policy for reclassification affecting comparability of financial statement. Excludes amendment to accounting standards, other change in accounting principle, and correction of error.
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 205 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483504/205-10-50-1
+ Details
Name: |
us-gaap_PriorPeriodReclassificationAdjustmentDescription |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.24.0.1
Business Segment Information (Tables)
|
6 Months Ended |
Jan. 31, 2024 |
Segment Reporting [Abstract] |
|
Schedule of Operating Results of Business Segments |
Operating
results for the business segments of the Company were as follows:
Schedule of Operating Results of Business Segments
(in thousands) | |
National Retail Solutions | | |
Fintech | | |
net2phone | | |
Traditional Communications | | |
Corporate | | |
Total | |
Three Months Ended January 31, 2024 | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Revenues | |
$ | 25,223 | | |
$ | 27,987 | | |
$ | 20,353 | | |
$ | 222,535 | | |
$ | — | | |
$ | 296,098 | |
Income (loss) from operations | |
| 5,349 | | |
| (736 | ) | |
| 367 | | |
| 14,618 | | |
| (3,581 | ) | |
| 16,017 | |
Depreciation and amortization: | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Included in “Direct cost of revenues” | |
| 483 | | |
| 62 | | |
| 600 | | |
| 185 | | |
| — | | |
| 1,330 | |
Included in “Selling, general and administrative expense” | |
| 294 | | |
| 662 | | |
| 952 | | |
| 1,844 | | |
| 17 | | |
| 3,769 | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Three Months Ended January 31, 2023 | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Revenues | |
$ | 19,822 | | |
$ | 20,321 | | |
$ | 17,794 | | |
$ | 255,999 | | |
$ | — | | |
$ | 313,936 | |
Income (loss) from operations | |
| 5,374 | | |
| (806 | ) | |
| (575 | ) | |
| 17,008 | | |
| (2,820 | ) | |
| 18,181 | |
Depreciation and amortization: | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Included in “Direct cost of revenues” | |
| 357 | | |
| 21 | | |
| 536 | | |
| 191 | | |
| — | | |
| 1,105 | |
Included in “Selling, general and administrative expense” | |
| 237 | | |
| 637 | | |
| 855 | | |
| 2,160 | | |
| 18 | | |
| 3,907 | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Six Months Ended January 31, 2024 | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Revenues | |
$ | 49,217 | | |
$ | 54,550 | | |
$ | 40,280 | | |
$ | 453,255 | | |
$ | — | | |
$ | 597,302 | |
Income (loss) from operations | |
| 10,810 | | |
| (2,120 | ) | |
| 360 | | |
| 30,024 | | |
| (5,891 | ) | |
| 33,183 | |
Depreciation and amortization: | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Included in “Direct cost of revenues” | |
| 933 | | |
| 85 | | |
| 1,199 | | |
| 369 | | |
| — | | |
| 2,586 | |
Included in “Selling, general and administrative expense” | |
| 579 | | |
| 1,333 | | |
| 1,792 | | |
| 3,807 | | |
| 49 | | |
| 7,560 | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Six Months Ended January 31, 2023 | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Revenues | |
$ | 39,135 | | |
$ | 40,208 | | |
$ | 34,744 | | |
$ | 521,665 | | |
$ | — | | |
$ | 635,752 | |
Income (loss) from operations | |
| 10,605 | | |
| 706 | | |
| (1,631 | ) | |
| 34,271 | | |
| (5,544 | ) | |
| 38,407 | |
Depreciation and amortization: | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Included in “Direct cost of revenues” | |
| 676 | | |
| 45 | | |
| 1,034 | | |
| 384 | | |
| — | | |
| 2,139 | |
Included in “Selling, general and administrative expense” | |
| 395 | | |
| 1,235 | | |
| 1,709 | | |
| 4,287 | | |
| 36 | | |
| 7,662 | |
Total depreciation and amortization | |
| 395 | | |
| 1,235 | | |
| 1,709 | | |
| 4,287 | | |
| 36 | | |
| 7,662 | |
|
X |
- DefinitionTabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-25
Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22
Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30
+ Details
Name: |
us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_SegmentReportingAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.24.0.1
Revenue Recognition (Tables)
|
6 Months Ended |
Jan. 31, 2024 |
Revenue from Contract with Customer [Abstract] |
|
Schedule of Revenues Disaggregated by Business Segment and Service Offered to Customers |
The
following table shows the Company’s revenues disaggregated by business segment and service offered to customers:
Schedule of Revenues Disaggregated by Business Segment and Service Offered to Customers
| |
2024 | | |
2023 | | |
2024 | | |
2023 | |
| |
Three Months Ended January 31, | | |
Six Months Ended January 31, | |
| |
2024 | | |
2023 | | |
2024 | | |
2023 | |
| |
(in thousands) | |
National Retail Solutions | |
$ | 25,223 | | |
$ | 19,822 | | |
$ | 49,217 | | |
$ | 39,135 | |
| |
| | | |
| | | |
| | | |
| | |
BOSS Money | |
| 25,039 | | |
| 17,649 | | |
| 49,278 | | |
| 35,203 | |
Other | |
| 2,948 | | |
| 2,672 | | |
| 5,272 | | |
| 5,005 | |
| |
| | | |
| | | |
| | | |
| | |
Total Fintech | |
| 27,987 | | |
| 20,321 | | |
| 54,550 | | |
| 40,208 | |
| |
| | | |
| | | |
| | | |
| | |
net2phone | |
| 20,353 | | |
| 17,794 | | |
| 40,280 | | |
| 34,744 | |
| |
| | | |
| | | |
| | | |
| | |
IDT Digital Payments | |
| 99,620 | | |
| 106,127 | | |
| 199,606 | | |
| 215,177 | |
BOSS Revolution Calling | |
| 66,703 | | |
| 82,831 | | |
| 137,925 | | |
| 169,083 | |
IDT Global | |
| 48,741 | | |
| 58,631 | | |
| 100,775 | | |
| 120,242 | |
Other | |
| 7,471 | | |
| 8,410 | | |
| 14,949 | | |
| 17,163 | |
| |
| | | |
| | | |
| | | |
| | |
Total Traditional Communications | |
| 222,535 | | |
| 255,999 | | |
| 453,255 | | |
| 521,665 | |
| |
| | | |
| | | |
| | | |
| | |
Total | |
$ | 296,098 | | |
$ | 313,936 | | |
$ | 597,302 | | |
$ | 635,752 | |
Revenues | |
$ | 296,098 | | |
$ | 313,936 | | |
$ | 597,302 | | |
$ | 635,752 | |
|
Schedule of Revenues Disaggregated by Geographic Region |
The
following table shows the Company’s revenues disaggregated by geographic region, which is determined based on selling location:
Schedule
of Revenues Disaggregated by Geographic Region
(in thousands) | |
National Retail Solutions | | |
Fintech | | |
net2phone | | |
Traditional Communications | | |
Total | |
Three Months Ended January 31, 2024 | |
| | | |
| | | |
| | | |
| | | |
| | |
United States | |
$ | 25,223 | | |
$ | 26,901 | | |
$ | 10,700 | | |
$ | 163,774 | | |
$ | 226,598 | |
Outside the United States: | |
| | | |
| | | |
| | | |
| | | |
| | |
United Kingdom | |
| — | | |
| — | | |
| — | | |
| 50,390 | | |
| 50,390 | |
Other | |
| — | | |
| 1,086 | | |
| 9,653 | | |
| 8,371 | | |
| 19,110 | |
| |
| | | |
| | | |
| | | |
| | | |
| | |
Total outside the United States | |
| — | | |
| 1,086 | | |
| 9,653 | | |
| 58,761 | | |
| 69,500 | |
| |
| | | |
| | | |
| | | |
| | | |
| | |
Total | |
$ | 25,223 | | |
$ | 27,987 | | |
$ | 20,353 | | |
$ | 222,535 | | |
$ | 296,098 | |
Revenues | |
$ | 25,223 | | |
$ | 27,987 | | |
$ | 20,353 | | |
$ | 222,535 | | |
$ | 296,098 | |
(in thousands) | |
National Retail Solutions | | |
Fintech | | |
net2phone | | |
Traditional Communications | | |
Total | |
Three Months Ended January 31, 2023 | |
| | | |
| | | |
| | | |
| | | |
| | |
United States | |
$ | 19,822 | | |
$ | 19,612 | | |
$ | 9,514 | | |
$ | 176,424 | | |
$ | 225,372 | |
Outside the United States: | |
| | | |
| | | |
| | | |
| | | |
| | |
United Kingdom | |
| — | | |
| — | | |
| — | | |
| 69,000 | | |
| 69,000 | |
Other | |
| — | | |
| 709 | | |
| 8,280 | | |
| 10,575 | | |
| 19,564 | |
| |
| | | |
| | | |
| | | |
| | | |
| | |
Total outside the United States | |
| — | | |
| 709 | | |
| 8,280 | | |
| 79,575 | | |
| 88,564 | |
| |
| | | |
| | | |
| | | |
| | | |
| | |
Total | |
$ | 19,822 | | |
$ | 20,321 | | |
$ | 17,794 | | |
$ | 255,999 | | |
$ | 313,936 | |
Revenues | |
$ | 19,822 | | |
$ | 20,321 | | |
$ | 17,794 | | |
$ | 255,999 | | |
$ | 313,936 | |
(in thousands) | |
National Retail Solutions | | |
Fintech | | |
net2phone | | |
Traditional Communications | | |
Total | |
Six Months Ended January 31, 2024 | |
| | | |
| | | |
| | | |
| | | |
| | |
United States | |
$ | 49,217 | | |
$ | 52,734 | | |
$ | 21,388 | | |
$ | 326,842 | | |
$ | 450,181 | |
Outside the United States: | |
| | | |
| | | |
| | | |
| | | |
| | |
United Kingdom | |
| — | | |
| — | | |
| — | | |
| 109,232 | | |
| 109,232 | |
Other | |
| — | | |
| 1,816 | | |
| 18,892 | | |
| 17,181 | | |
| 37,889 | |
| |
| | | |
| | | |
| | | |
| | | |
| | |
Total outside the United States | |
| — | | |
| 1,816 | | |
| 18,892 | | |
| 126,413 | | |
| 147,121 | |
| |
| | | |
| | | |
| | | |
| | | |
| | |
Total | |
$ | 49,217 | | |
$ | 54,550 | | |
$ | 40,280 | | |
$ | 453,255 | | |
$ | 597,302 | |
Revenues | |
$ | 49,217 | | |
$ | 54,550 | | |
$ | 40,280 | | |
$ | 453,255 | | |
$ | 597,302 | |
(in thousands) | |
National Retail Solutions | | |
Fintech | | |
net2phone | | |
Traditional Communications | | |
Total | |
Six Months Ended January 31, 2023 | |
| | | |
| | | |
| | | |
| | | |
| | |
United States | |
$ | 39,135 | | |
$ | 38,867 | | |
$ | 18,316 | | |
$ | 361,262 | | |
$ | 457,580 | |
Outside the United States: | |
| | | |
| | | |
| | | |
| | | |
| | |
United Kingdom | |
| — | | |
| — | | |
| — | | |
| 137,940 | | |
| 137,940 | |
Other | |
| — | | |
| 1,341 | | |
| 16,428 | | |
| 22,463 | | |
| 40,232 | |
| |
| | | |
| | | |
| | | |
| | | |
| | |
Total outside the United States | |
| — | | |
| 1,341 | | |
| 16,428 | | |
| 160,403 | | |
| 178,172 | |
| |
| | | |
| | | |
| | | |
| | | |
| | |
Total | |
$ | 39,135 | | |
$ | 40,208 | | |
$ | 34,744 | | |
$ | 521,665 | | |
$ | 635,752 | |
Revenues | |
$ | 39,135 | | |
$ | 40,208 | | |
$ | 34,744 | | |
$ | 521,665 | | |
$ | 635,752 | |
|
Schedule of Estimated Revenue by Business Segment |
Schedule of Estimated Revenue by Business Segment
(in
thousands) | |
National Retail Solutions | | |
net2phone | | |
Total | |
Twelve-month period ending January 31: | |
| | | |
| | | |
| | |
2025 | |
$ | 5,896 | | |
$ | 38,854 | | |
$ | 44,750 | |
2026 | |
| 4,940 | | |
| 18,769 | | |
| 23,709 | |
Thereafter | |
| 4,838 | | |
| 6,213 | | |
| 11,051 | |
| |
| | | |
| | | |
| | |
Total | |
$ | 15,674 | | |
$ | 63,836 | | |
$ | 79,510 | |
|
Schedule of Information About Contract Liabilities |
The
following table presents information about the Company’s contract liability balance:
Schedule of Information About Contract Liabilities
| |
2024 | | |
2023 | | |
2024 | | |
2023 | |
| |
Three Months Ended January 31, | | |
Six Months Ended January 31, | |
| |
2024 | | |
2023 | | |
2024 | | |
2023 | |
| |
(in thousands) | |
Revenue recognized in the period from amounts included in the contract liability balance at the beginning of the period | |
$ | 15,803 | | |
$ | 17,072 | | |
$ | 19,605 | | |
$ | 21,205 | |
|
Schedule of Deferred Customer Contract Acquisition Costs |
The
Company’s deferred customer contract acquisition costs were as follows:
Schedule of Deferred Customer Contract Acquisition Costs
| |
January 31, 2024 | | |
July 31, 2023 | |
| |
(in thousands) | |
Deferred customer contract acquisition costs included in “Other current assets” | |
$ | 4,197 | | |
$ | 4,460 | |
Deferred customer contract acquisition costs included in “Other assets” | |
| 3,871 | | |
| 3,734 | |
| |
| | | |
| | |
Total | |
$ | 8,068 | | |
$ | 8,194 | |
|
Schedule of Amortization of Deferred Customer Contract Acquisition Costs |
The
Company’s amortization of deferred customer contract acquisition costs during the periods were as follows:
Schedule of Amortization of Deferred Customer Contract Acquisition Costs
| |
2024 | | |
2023 | | |
2024 | | |
2023 | |
| |
Three Months Ended January 31, | | |
Six Months Ended January 31, | |
| |
2024 | | |
2023 | | |
2024 | | |
2023 | |
| |
(in thousands) | |
Amortization of deferred customer contract acquisition costs | |
$ | 1,194 | | |
$ | 1,228 | | |
$ | 2,409 | | |
$ | 2,405 | |
|
X |
- DefinitionAmortization Of Deferred Customer Contract Acquisition Costs [Table Text Block]
+ References
+ Details
Name: |
IDT_AmortizationOfDeferredCustomerContractAcquisitionCostsTableTextBlock |
Namespace Prefix: |
IDT_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTabular disclosure of cost capitalized in obtaining or fulfilling contract with customer.
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 340 -SubTopic 40 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479483/340-40-50-3
+ Details
Name: |
us-gaap_CapitalizedContractCostTableTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability.
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-10
+ Details
Name: |
us-gaap_ContractWithCustomerAssetAndLiabilityTableTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_RevenueFromContractWithCustomerAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTabular disclosure of revenue from external customers by geographic areas attributed to the entity's country of domicile and to foreign countries from which the entity derives revenue.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Subparagraph a -SubTopic 10 -Topic 280 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41
+ Details
Name: |
us-gaap_RevenueFromExternalCustomersByGeographicAreasTableTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTabular disclosure of expected timing for satisfying remaining performance obligation.
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(1) -SubTopic 10 -Topic 606 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-13
+ Details
Name: |
us-gaap_RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionTableTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTabular disclosure of entity-wide revenues from external customers for each product or service or each group of similar products or services if the information is not provided as part of the reportable operating segment information.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40
+ Details
Name: |
us-gaap_ScheduleOfEntityWideInformationRevenueFromExternalCustomersByProductsAndServicesTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.24.0.1
Leases (Tables)
|
6 Months Ended |
Jan. 31, 2024 |
Leases |
|
Schedule of Supplemental Disclosures Related to the Company's Operating Leases |
Supplemental
disclosures related to the Company’s operating leases were as follows:
Schedule of Supplemental Disclosures Related to the Company's Operating Leases
| |
2024 | | |
2023 | | |
2024 | | |
2023 | |
| |
Three Months Ended January 31, | | |
Six Months Ended January 31, | |
| |
2024 | | |
2023 | | |
2024 | | |
2023 | |
| |
(in thousands) | |
Operating lease cost | |
$ | 734 | | |
$ | 799 | | |
$ | 1,492 | | |
$ | 1,566 | |
Short-term lease cost | |
| 132 | | |
| 259 | | |
| 459 | | |
| 528 | |
| |
| | | |
| | | |
| | | |
| | |
Total lease cost | |
$ | 866 | | |
$ | 1,058 | | |
$ | 1,951 | | |
$ | 2,094 | |
| |
| | | |
| | | |
| | | |
| | |
Cash paid for amounts included in the measurement of lease liabilities: | |
| | | |
| | | |
| | | |
| | |
Operating cash flows from operating leases | |
$ | 724 | | |
$ | 824 | | |
$ | 1,515 | | |
$ | 1,588 | |
Cash paid for amounts included
in the measurement of lease liabilities: Operating cash flows from operating leases | |
| 724 | | |
| 824 | | |
| 1,515 | | |
| 1,588 | |
|
Schedule of Supplemental Disclosures Related Weighted Average Operating Leases |
Schedule of Supplemental Disclosures Related Weighted Average Operating Leases
| |
January 31, 2024 | | |
July 31, 2023 | |
Weighted-average remaining lease term-operating leases | |
| 2.6 years | | |
| 2.3 years | |
| |
| | | |
| | |
Weighted-average discount rate-operating leases | |
| 4.3 | % | |
| 3.7 | % |
|
Schedule of Aggregate Operating Lease Liability |
The
Company’s aggregate operating lease liability was as follows:
Schedule of Aggregate Operating Lease Liability
| |
January 31, 2024 | | |
July 31, 2023 | |
| |
(in thousands) | |
Operating lease liabilities included in “Other current liabilities” | |
$ | 2,810 | | |
$ | 2,861 | |
Operating lease liabilities included in noncurrent liabilities | |
| 2,448 | | |
| 2,881 | |
| |
| | | |
| | |
Total | |
$ | 5,258 | | |
$ | 5,742 | |
|
Schedule of Future Minimum Maturities of Operating Lease Liabilities |
Future
minimum maturities of operating lease liabilities were as follows:
Schedule of Future Minimum Maturities of Operating Lease Liabilities
(in thousands) | |
| |
Twelve-month period ending January 31: | |
| | |
2025 | |
$ | 2,988 | |
2026 | |
| 1,344 | |
2027 | |
| 636 | |
2028 | |
| 320 | |
2029 | |
| 183 | |
Thereafter | |
| 152 | |
| |
| | |
Total lease payments | |
| 5,623 | |
Less imputed interest | |
| (365 | ) |
| |
| | |
Total operating lease liabilities | |
$ | 5,258 | |
|
X |
- References
+ Details
Name: |
IDT_DisclosureLeasesAbstract |
Namespace Prefix: |
IDT_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionSchedule of Operating Lease Liability [Table Text Block]
+ References
+ Details
Name: |
IDT_ScheduleOfOperatingLeaseLiabilityTableTextBlock |
Namespace Prefix: |
IDT_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionSchedule of supplemental disclosures related weighted average operating leases [Table Text Block]
+ References
+ Details
Name: |
IDT_ScheduleOfSupplementalDisclosuresRelatedWeightedAverageOperatingLeasesTableTextBlock |
Namespace Prefix: |
IDT_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income.
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-4
+ Details
Name: |
us-gaap_LeaseCostTableTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position.
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-6
+ Details
Name: |
us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.24.0.1
Cash, Cash Equivalents, and Restricted Cash and Cash Equivalents (Tables)
|
6 Months Ended |
Jan. 31, 2024 |
Cash and Cash Equivalents [Abstract] |
|
Schedule of Cash, Cash Equivalents, and Restricted Cash and Cash Equivalents |
The
following table provides a reconciliation of cash, cash equivalents, and restricted cash and cash equivalents reported in the consolidated
balance sheets that equals the total of the same amounts reported in the consolidated statements of cash flows:
Schedule of Cash, Cash Equivalents, and Restricted Cash and Cash Equivalents
| |
January 31, 2024 | | |
July 31, 2023 | |
| |
(in thousands) | |
Cash and cash equivalents | |
$ | 141,081 | | |
$ | 103,637 | |
Restricted cash and cash equivalents | |
| 93,231 | | |
| 95,186 | |
| |
| | | |
| | |
Total cash, cash equivalents, and restricted cash and cash equivalents | |
$ | 234,312 | | |
$ | 198,823 | |
|
X |
- References
+ Details
Name: |
us-gaap_CashAndCashEquivalentsAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTabular disclosure of the components of cash and cash equivalents.
+ References
+ Details
Name: |
us-gaap_ScheduleOfCashAndCashEquivalentsTableTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.24.0.1
Debt Securities (Tables)
|
6 Months Ended |
Jan. 31, 2024 |
Investments, Debt and Equity Securities [Abstract] |
|
Schedule of Available-for-sale Securities |
The
following is a summary of available-for-sale debt securities:
Schedule of Available-for-sale Securities
| |
Amortized Cost | | |
Gross Unrealized Gains | | |
Gross Unrealized Losses | | |
Fair Value | |
| |
(in thousands) | |
January 31, 2024: | |
| | | |
| | | |
| | | |
| | |
Certificates of deposit* | |
$ | 960 | | |
$ | — | | |
$ | — | | |
$ | 960 | |
U.S. Treasury bills and notes | |
| 23,738 | | |
| 12 | | |
| (76 | ) | |
| 23,674 | |
Government sponsored enterprise notes | |
| | |
| | |
| ) | |
| |
Corporate bonds | |
| 3,901 | | |
| 1 | | |
| (376 | ) | |
| 3,526 | |
| |
| | | |
| | | |
| | | |
| | |
Total | |
$ | 31,860 | | |
$ | 14 | | |
$ | (455 | ) | |
$ | 31,419 | |
| |
| | | |
| | | |
| | | |
| | |
July 31, 2023: | |
| | | |
| | | |
| | | |
| | |
Certificates of deposit* | |
$ | 4,080 | | |
$ | — | | |
$ | (4 | ) | |
$ | 4,076 | |
U.S. Treasury bills and notes | |
| 31,186 | | |
| — | | |
| (148 | ) | |
| 31,038 | |
Government sponsored enterprise notes | |
| | |
| | |
| ) | |
| |
Corporate bonds | |
| 3,912 | | |
| — | | |
| (485 | ) | |
| 3,427 | |
| |
| | | |
| | | |
| | | |
| | |
Total | |
$ | 43,059 | | |
$ | — | | |
$ | (645 | ) | |
$ | 42,414 | |
* |
Each of the Company’s certificates of deposit has a CUSIP,
was purchased in the secondary market through a broker and may be sold in the secondary market. |
|
Schedule of Contractual Maturities of Available-for-sale Debt Securities |
The
contractual maturities of the Company’s available-for-sale debt securities at January 31, 2024 were as follows:
Schedule of Contractual Maturities of Available-for-sale Debt Securities
| |
Fair Value | |
| |
(in thousands) | |
Within one year | |
$ | 23,087 | |
After one year through five years | |
| 7,496 | |
After five years through ten years | |
| 808 | |
After ten years | |
| 28 | |
| |
| | |
Total | |
$ | 31,419 | |
|
Schedule of Available-for-sale Securities, Unrealized Loss Position |
The
following available-for-sale debt securities were in an unrealized loss position for which other-than-temporary impairments were not
recognized:
Schedule of Available-for-sale Securities, Unrealized Loss Position
| |
Unrealized Losses | | |
Fair Value | |
| |
(in thousands) | |
January 31, 2024: | |
| | | |
| | |
Certificates of deposit | |
$ | — | | |
$ | — | |
U.S. Treasury bills and notes | |
| 76 | | |
| 21,754 | |
Government sponsored enterprise notes | |
| | |
| |
Corporate bonds | |
| 376 | | |
| 3,384 | |
| |
| | | |
| | |
Total | |
$ | 455 | | |
$ | 28,048 | |
| |
| | | |
| | |
July 31, 2023: | |
| | | |
| | |
Certificates of deposit | |
$ | 4 | | |
$ | 3,356 | |
U.S. Treasury bills and notes | |
| 148 | | |
| 31,038 | |
Government sponsored enterprise notes | |
| | |
| |
Corporate bonds | |
| 485 | | |
| 3,368 | |
| |
| | | |
| | |
Total | |
$ | 645 | | |
$ | 41,635 | |
|
Schedule of Continuous Unrealized Loss Position for 12 Months or Longer |
The
following available-for-sale debt securities included in the table above were in a continuous unrealized loss position for 12 months
or longer:
Schedule of Continuous Unrealized Loss Position for 12 Months or Longer
| |
Unrealized Losses | | |
Fair Value | |
| |
(in thousands) | |
January 31, 2024: | |
| | | |
| | |
U.S. Treasury bills and notes | |
$ | 63 | | |
$ | 2,837 | |
Corporate bonds | |
| 376 | | |
| 3,384 | |
| |
| | | |
| | |
Total | |
$ | 439 | | |
$ | 6,221 | |
| |
| | | |
| | |
July 31, 2023: | |
| | | |
| | |
U.S. Treasury bills and notes | |
$ | 86 | | |
$ | 816 | |
Corporate bonds | |
| 484 | | |
| 3,299 | |
| |
| | | |
| | |
Total | |
$ | 570 | | |
$ | 4,115 | |
|
X |
- DefinitionSchedule Of Unrealized Loss On Investment [Table Text Block]
+ References
+ Details
Name: |
IDT_ScheduleOfUnrealizedLossOnInvestmentTableTextBlock |
Namespace Prefix: |
IDT_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTabular disclosure of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-9
Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-3
Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-2
Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-2
Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-2
Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (aa) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-2
Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (aaa) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-2
Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-2
Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-3
Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-3
Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-3
Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-3
+ Details
Name: |
us-gaap_DebtSecuritiesAvailableForSaleTableTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTabular disclosure of fair value of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale), in unrealized loss position, without allowance for credit loss. Includes beneficial interest in securitized financial asset.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 326 -SubTopic 30 -Name Accounting Standards Codification -Section 55 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479081/326-30-55-8
Reference 2: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-6
Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479106/326-30-50-4
+ Details
Name: |
us-gaap_DebtSecuritiesAvailableForSaleUnrealizedLossPositionFairValueTableTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTabular disclosure of marketable securities. This may consist of investments in certain debt and equity securities, short-term investments and other assets.
+ References
+ Details
Name: |
us-gaap_MarketableSecuritiesTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.24.0.1
Equity Investments (Tables)
|
6 Months Ended |
Jan. 31, 2024 |
Cash and Cash Equivalents [Abstract] |
|
Schedule of Equity Investments |
Equity
investments consist of the following:
Schedule of Equity Investments
| |
| | | |
| | |
| |
January 31, 2024 | | |
July 31, 2023 | |
| |
(in thousands) | |
Zedge, Inc. Class B common stock, 42,282 shares at January 31, 2024 and July 31, 2023 | |
$ | 138 | | |
$ | 89 | |
Rafael Holdings, Inc. Class B common stock, 278,810 shares at January 31, 2024 and July 31, 2023 | |
| 505 | | |
| 558 | |
Other marketable equity securities | |
| 188 | | |
| 1,497 | |
Fixed income mutual funds | |
| 4,245 | | |
| 4,054 | |
| |
| | | |
| | |
Current equity investments | |
$ | 5,076 | | |
$ | 6,198 | |
| |
| | | |
| | |
Visa Inc. Series C Convertible Participating Preferred Stock (“Visa Series C Preferred”) | |
$ | 1,450 | | |
$ | 1,263 | |
Convertible preferred stock—equity method investment | |
| 1,932 | | |
| 2,784 | |
Hedge funds | |
| 2,951 | | |
| 3,002 | |
Other | |
| 1,225 | | |
| 2,825 | |
| |
| | | |
| | |
Noncurrent equity investments | |
$ | 7,558 | | |
$ | 9,874 | |
|
Schedule of Carrying Value of Equity Investments |
The
changes in the carrying value of the Company’s equity investments without readily determinable fair values for which the Company
elected the measurement alternative was as follows:
Schedule of Carrying Value of Equity Investments
| |
2024 | | |
2023 | | |
2024 | | |
2023 | |
| |
Three Months Ended January 31, | | |
Six Months Ended January 31, | |
| |
2024 | | |
2023 | | |
2024 | | |
2023 | |
| |
(in thousands) | |
Balance, beginning of period | |
$ | 1,747 | | |
$ | 1,474 | | |
$ | 1,632 | | |
$ | 1,501 | |
Adjustment for observable transactions involving a similar investment from the same issuer | |
| 202 | | |
| 120 | | |
| 187 | | |
| 93 | |
Upward adjustment | |
| — | | |
| — | | |
| 130 | | |
| — | |
Redemption | |
| (230 | ) | |
| — | | |
| (230 | ) | |
| — | |
Impairments | |
| — | | |
| — | | |
| — | | |
| — | |
| |
| | | |
| | | |
| | | |
| | |
Balance, end of the period | |
$ | 1,719 | | |
$ | 1,594 | | |
$ | 1,719 | | |
$ | 1,594 | |
|
Schedule of Unrealized Gains (losses) Gains for All Equity Investments |
Unrealized gains (losses) for all equity investments measured at fair
value included the following:
Schedule
of Unrealized Gains (losses) Gains for All Equity Investments
| |
2024 | | |
2023 | | |
2024 | | |
2023 | |
| |
Three Months Ended January 31, | | |
Six Months Ended January 31, | |
| |
2024 | | |
2023 | | |
2024 | | |
2023 | |
| |
(in thousands) | |
Net gains (losses) recognized during the period on equity investments | |
$ | 715 | | |
$ | (228 | ) | |
$ | (202 | ) | |
$ | (2,169 | ) |
Less: net gains recognized during the period on equity investments sold during the period | |
| — | | |
| 22 | | |
| 130 | | |
| 18 | |
| |
| | | |
| | | |
| | | |
| | |
Unrealized gains (losses) recognized during the period on equity investments still held at the reporting date | |
$ | 715 | | |
$ | (250 | ) | |
$ | (332 | ) | |
$ | (2,187 | ) |
The
unrealized gains and losses for all equity investments measured at fair value in the table above included the following:
| |
2024 | | |
2023 | | |
2024 | | |
2023 | |
| |
Three Months Ended January 31, | | |
Six Months Ended January 31, | |
| |
2024 | | |
2023 | | |
2024 | | |
2023 | |
| |
(in thousands) | |
Unrealized gains (losses) recognized during the period on equity investments: | |
| | | |
| | | |
| | | |
| | |
Rafael Class B common stock | |
$ | 9 | | |
$ | 82 | | |
$ | (53 | ) | |
$ | 9 | |
| |
| | | |
| | | |
| | | |
| | |
Zedge Class B common stock | |
$ | 57 | | |
$ | 3 | | |
$ | 49 | | |
$ | (24 | ) |
Unrealized losses recognized during the period on equity investments still held at the reporting date | |
$ | 715 | | |
$ | (250 | ) | |
$ | (332 | ) | |
$ | (2,187 | ) |
|
Summary of Changes in Equity Method Investments |
The
following table summarizes the change in the balance of the Company’s equity method investment:
Summary of Changes in Equity Method Investments
| |
2024 | | |
2023 | | |
2024 | | |
2023 | |
| |
Three Months Ended January 31, | | |
Six Months Ended January 31, | |
| |
2024 | | |
2023 | | |
2024 | | |
2023 | |
| |
(in thousands) | |
Balance, beginning of period | |
$ | 2,444 | | |
$ | 349 | | |
$ | 2,784 | | |
$ | 1,001 | |
Purchase of convertible preferred stock | |
| 336 | | |
| — | | |
| 1,009 | | |
| — | |
Equity in the net loss of investee | |
| (506 | ) | |
| (542 | ) | |
| (1,176 | ) | |
| (1,012 | ) |
Amortization of equity method basis difference | |
| (342 | ) | |
| (181 | ) | |
| (685 | ) | |
| (363 | ) |
| |
| | | |
| | | |
| | | |
| | |
Balance, end of the period | |
$ | 1,932 | | |
$ | (374 | ) | |
$ | 1,932 | | |
$ | (374 | ) |
|
Summary of Statements of Operations |
Summarized
financial information of the EMI was as follows:
Summary of Statements of Operations
| |
2024 | | |
2023 | | |
2024 | | |
2023 | |
| |
Three Months Ended January 31, | | |
Six Months Ended January 31, | |
| |
2024 | | |
2023 | | |
2024 | | |
2023 | |
| |
(in thousands) | |
| |
| |
Revenues | |
$ | 5,087 | | |
$ | 1,818 | | |
$ | 7,821 | | |
$ | 3,691 | |
Costs and expenses: | |
| | | |
| | | |
| | | |
| | |
Direct cost of revenues | |
| 4,085 | | |
| 1,535 | | |
| 6,482 | | |
| 3,228 | |
Selling, general and administrative | |
| 2,385 | | |
| 1,772 | | |
| 4,570 | | |
| 3,408 | |
| |
| | | |
| | | |
| | | |
| | |
Total costs and expenses | |
| 6,470 | | |
| 3,307 | | |
| 11,052 | | |
| 6,636 | |
| |
| | | |
| | | |
| | | |
| | |
Loss from operations | |
| (1,383 | ) | |
| (1,489 | ) | |
| (3,231 | ) | |
| (2,945 | ) |
Other expense, net | |
| — | | |
| (498 | ) | |
| — | | |
| (842 | ) |
| |
| | | |
| | | |
| | | |
| | |
Net loss | |
$ | (1,383 | ) | |
$ | (1,987 | ) | |
$ | (3,231 | ) | |
$ | (3,787 | ) |
|
X |
- DefinitionEquity method investment summarized statements of operations [Table Text Block]
+ References
+ Details
Name: |
IDT_EquityMethodInvestmentSummarizedStatementsOfOperationsTableTextBlock |
Namespace Prefix: |
IDT_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTabular disclosure of equity investment [Table Text Block]
+ References
+ Details
Name: |
IDT_ScheduleOfEquityInvestmentsTableTextBlock |
Namespace Prefix: |
IDT_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_CashAndCashEquivalentsAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481687/323-10-50-3
+ Details
Name: |
us-gaap_EquityMethodInvestmentsTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTabular disclosure of investment in equity security without readily determinable fair value.
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 321 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479536/321-10-50-3
Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 321 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479536/321-10-50-3
Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 321 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479536/321-10-50-3
+ Details
Name: |
us-gaap_EquitySecuritiesWithoutReadilyDeterminableFairValueTableTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTabular disclosure of unrealized gains and losses on investments.
+ References
+ Details
Name: |
us-gaap_UnrealizedGainLossOnInvestmentsTableTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.24.0.1
Fair Value Measurements (Tables)
|
6 Months Ended |
Jan. 31, 2024 |
Fair Value Disclosures [Abstract] |
|
Schedule of Balance of Assets Measured at Fair Value on a Recurring Basis |
The
following table presents the balance of assets and liabilities measured at fair value on a recurring basis:
Schedule of Balance of Assets Measured at Fair Value on a Recurring Basis
| |
Level 1 (1) | | |
Level 2 (2) | | |
Level 3 (3) | | |
Total | |
| |
(in thousands) | |
January 31, 2024 | |
| | | |
| | | |
| | | |
| | |
Debt securities | |
$ | 23,674 | | |
$ | 7,745 | | |
$ | — | | |
$ | 31,419 | |
Equity investments included in current assets | |
| 5,076 | | |
| — | | |
| — | | |
| 5,076 | |
Equity investments included in noncurrent assets | |
| — | | |
| 1,000 | | |
| 1,450 | | |
| 2,450 | |
| |
| | | |
| | | |
| | | |
| | |
Total | |
$ | 28,750 | | |
$ | 8,745 | | |
$ | 1,450 | | |
$ | 38,945 | |
| |
| | | |
| | | |
| | | |
| | |
Acquisition consideration included in: | |
| | | |
| | | |
| | | |
| | |
Other current liabilities | |
$ | — | | |
$ | — | | |
$ | (1,945 | ) | |
$ | (1,945 | ) |
Other noncurrent liabilities | |
| — | | |
| — | | |
| (2,572 | ) | |
| (2,572 | ) |
| |
| | | |
| | | |
| | | |
| | |
Total | |
$ | — | | |
$ | — | | |
$ | (4,517 | ) | |
$ | (4,517 | ) |
| |
| | | |
| | | |
| | | |
| | |
July 31, 2023 | |
| | | |
| | | |
| | | |
| | |
Debt securities | |
$ | 31,038 | | |
$ | 11,376 | | |
$ | — | | |
$ | 42,414 | |
Equity investments included in current assets | |
| 6,198 | | |
| — | | |
| — | | |
| 6,198 | |
Equity investments included in noncurrent assets | |
| — | | |
| 2,500 | | |
| 1,263 | | |
| 3,763 | |
| |
| | | |
| | | |
| | | |
| | |
Total | |
$ | 37,236 | | |
$ | 13,876 | | |
$ | 1,263 | | |
$ | 52,375 | |
| |
| | | |
| | | |
| | | |
| | |
Acquisition consideration included in: | |
| | | |
| | | |
| | | |
| | |
Other current liabilities | |
$ | — | | |
$ | — | | |
$ | (2,032 | ) | |
$ | (2,032 | ) |
Other noncurrent liabilities | |
| — | | |
| — | | |
| (2,773 | ) | |
| (2,773 | ) |
| |
| | | |
| | | |
| | | |
| | |
Total | |
$ | — | | |
$ | — | | |
$ | (4,805 | ) | |
$ | (4,805 | ) |
(1) | | – quoted
prices in active markets for identical assets or liabilities |
(2) | | – observable
inputs other than quoted prices in active markets for identical assets and liabilities |
(3) | | – no observable
pricing inputs in the market |
|
Schedule of Assets Measured at Fair Value on a Recurring Basis Using Significant Unobservable Inputs (Level 3) |
The
following table summarizes the change in the balance of the Company’s assets measured at fair value on a recurring basis using
significant unobservable inputs (Level 3):
Schedule of Assets Measured at Fair Value on a Recurring Basis Using Significant Unobservable Inputs (Level 3)
| |
2024 | | |
2023 | | |
2024 | | |
2023 | |
| |
Three Months Ended January 31, | | |
Six Months Ended January 31, | |
| |
2024 | | |
2023 | | |
2024 | | |
2023 | |
| |
(in thousands) | |
Balance, beginning of period | |
$ | 1,248 | | |
$ | 1,105 | | |
$ | 1,263 | | |
$ | 1,132 | |
Total gains included in “Other income (expense), net” | |
| 202 | | |
| 120 | | |
| 187 | | |
| 93 | |
| |
| | | |
| | | |
| | | |
| | |
Balance, end of period | |
$ | 1,450 | | |
$ | 1,225 | | |
$ | 1,450 | | |
$ | 1,225 | |
| |
| | | |
| | | |
| | | |
| | |
Change in unrealized gains or losses for the period included in earnings for assets held at the end of the period | |
$ | — | | |
$ | — | | |
$ | — | | |
$ | — | |
|
Schedule of Liabilities Measured at Fair Value on a Recurring Basis Using Significant Unobservable Inputs (Level 3) |
The
following table summarizes the change in the balance of the Company’s liabilities measured at fair value on a recurring basis using
significant unobservable inputs (Level 3):
Schedule of Liabilities Measured at Fair Value on a Recurring Basis Using Significant Unobservable Inputs (Level 3)
| |
2024 | | |
2023 | | |
2024 | | |
2023 | |
| |
Three Months Ended January 31, | | |
Six Months Ended January 31, | |
| |
2024 | | |
2023 | | |
2024 | | |
2023 | |
| |
(in thousands) | |
Balance, beginning of period | |
$ | 4,588 | | |
$ | 6,603 | | |
$ | 4,805 | | |
$ | 8,546 | |
Payments | |
| — | | |
| — | | |
| (214 | ) | |
| (375 | ) |
Total (gains) losses included in: | |
| | | |
| | | |
| | | |
| | |
“Other operating (expense) gain, net” | |
| (73 | ) | |
| — | | |
| (73 | ) | |
| (1,565 | ) |
“Foreign currency translation adjustment” | |
| 2 | | |
| 6 | | |
| (1 | ) | |
| 3 | |
| |
| | | |
| | | |
| | | |
| | |
Balance, end of period | |
$ | 4,517 | | |
$ | 6,609 | | |
$ | 4,517 | | |
$ | 6,609 | |
| |
| | | |
| | | |
| | | |
| | |
Change in unrealized gains or losses for the period included in earnings for liabilities held at the end of the period | |
$ | — | | |
$ | — | | |
$ | — | | |
$ | — | |
|
X |
- DefinitionTabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c) -SubTopic 10 -Topic 820 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-3
+ Details
Name: |
us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_FairValueDisclosuresAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c) -SubTopic 10 -Topic 820 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-3
+ Details
Name: |
us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2
+ Details
Name: |
us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.24.0.1
Variable Interest Entity (Tables)
|
6 Months Ended |
Jan. 31, 2024 |
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
|
Schedule of Net (Loss) Income and Aggregate Funding to the Company by VIE |
The VIE’s net (loss) income and aggregate funding provided by
(repaid to) the Company were as follows:
Schedule
of Net (Loss) Income and Aggregate Funding to the Company by VIE
| |
2024 | | |
2023 | | |
2024 | | |
2023 | |
| |
Three Months Ended January 31, | | |
Six Months Ended January 31, | |
| |
2024 | | |
2023 | | |
2024 | | |
2023 | |
| |
(in thousands) | |
Net (loss) income of the VIE | |
$ | (107 | ) | |
$ | 25 | | |
$ | (26 | ) | |
$ | 165 | |
| |
| | | |
| | | |
| | | |
| | |
Aggregate funding provided by (repaid to) the Company, net | |
$ | 123 | | |
$ | (10 | ) | |
$ | 237 | | |
$ | 87 | |
|
VIE’s Summarized Consolidated Balance Sheet |
The
VIE’s summarized consolidated balance sheet amounts are as follows:
VIE’s Summarized Consolidated Balance Sheet
| |
| | | |
| | |
| |
January 31, 2024 | | |
July 31, 2023 | |
| |
(in thousands) | |
Assets: | |
| | | |
| | |
Cash and equivalents | |
$ | 2,394 | | |
$ | 1,596 | |
Restricted cash | |
| 4,934 | | |
| 7,848 | |
Trade accounts receivable, net | |
| 90 | | |
| 62 | |
Disbursement prefunding | |
| 1,056 | | |
| 585 | |
Prepaid expenses | |
| 323 | | |
| 197 | |
Other current assets | |
| 255 | | |
| 317 | |
Property, plant, and equipment, net | |
| 166 | | |
| 272 | |
Other intangibles, net | |
| 661 | | |
| 737 | |
| |
| | | |
| | |
Total assets | |
$ | 9,879 | | |
$ | 11,614 | |
| |
| | | |
| | |
Liabilities and noncontrolling interests: | |
| | | |
| | |
Trade accounts payable | |
$ | 11 | | |
$ | — | |
Accrued expenses | |
| 334 | | |
| 70 | |
Settlement liabilities | |
| 5,336 | | |
| 7,573 | |
Due to the Company | |
| 263 | | |
| 26 | |
Accumulated other comprehensive income | |
| 37 | | |
| 21 | |
Noncontrolling interests | |
| 3,898 | | |
| 3,924 | |
| |
| | | |
| | |
Total liabilities and noncontrolling interests | |
$ | 9,879 | | |
$ | 11,614 | |
|
X |
- DefinitionTabular disclosure of condensed balance sheet, including, but not limited to, balance sheets of consolidated entities and consolidation eliminations.
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Regulation S-X (SX) -Number 210 -Section 12 -Subsection 04 -Paragraph (a) -Publisher SEC
Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-3
+ Details
Name: |
srt_ScheduleOfCondensedBalanceSheetTableTextBlock |
Namespace Prefix: |
srt_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTabular disclosure of condensed income statement, including, but not limited to, income statements of consolidated entities and consolidation eliminations.
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Regulation S-X (SX) -Number 210 -Section 12 -Subsection 04 -Paragraph (a) -Publisher SEC
Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-3
+ Details
Name: |
srt_ScheduleOfCondensedIncomeStatementTableTextBlock |
Namespace Prefix: |
srt_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.24.0.1
Other Operating (Expense) Gain, Net (Tables)
|
6 Months Ended |
Jan. 31, 2024 |
Other Income and Expenses [Abstract] |
|
Schedule of Other Operating (Expense) Gain, Net |
The
following table summarizes the other operating (expense) gain, net by business segment:
Schedule
of Other Operating (Expense) Gain, Net
| |
2024 | | |
2023 | | |
2024 | | |
2023 | |
| |
Three Months Ended January 31, | | |
Six Months Ended January 31, | |
| |
2024 | | |
2023 | | |
2024 | | |
2023 | |
| |
(in thousands) | |
Corporate—Straight Path Communications Inc. class action legal fees | |
$ | (2,552 | ) | |
$ | (1,597 | ) | |
$ | (2,764 | ) | |
$ | (4,109 | ) |
Corporate—Straight Path Communications Inc. class action insurance claims | |
| 2,186 | | |
| 1,263 | | |
| 2,869 | | |
| 2,988 | |
Corporate—other | |
| — | | |
| — | | |
| 12 | | |
| — | |
Fintech—write-off of contingent consideration liability | |
| — | | |
| — | | |
| — | | |
| 1,565 | |
Fintech— government grants | |
| — | | |
| 349 | | |
| — | | |
| 382 | |
net2phone—write-off of contingent consideration liability | |
| 73 | | |
| — | | |
| 73 | | |
| — | |
Traditional Communications— cable telephony customer indemnification claim | |
| — | | |
| (1 | ) | |
| — | | |
| (12 | ) |
Traditional Communications—other | |
| (1 | ) | |
| 3 | | |
| — | | |
| 2 | |
| |
| | | |
| | | |
| | | |
| | |
Total other operating (expense) gain, net | |
$ | (294 | ) | |
$ | 17 | | |
$ | 190 | | |
$ | 816 | |
|
X |
- DefinitionTabular disclosure of other operating (expenses) gains, net [Tabel Text Block]
+ References
+ Details
Name: |
IDT_ScheduleOfOtherOperatingExpensesGainsNetTableTextBlock |
Namespace Prefix: |
IDT_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_OtherIncomeAndExpensesAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.24.0.1
X |
- References
+ Details
Name: |
us-gaap_NoncontrollingInterestAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTabular disclosure of redeemable noncontrolling interest (as defined) included in the statement of financial position as either a liability or temporary equity. As of the date of the statement of financial position, such redeemable noncontrolling interest is currently redeemable, as defined, for cash or other assets of the entity at (1) at a fixed or determinable price on a fixed or determinable date, (2) at the option of the holder of the noncontrolling interest, or (3) upon occurrence of an event that is not solely within the control of the entity.
+ References
+ Details
Name: |
us-gaap_RedeemableNoncontrollingInterestTableTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.24.0.1
Earnings Per Share (Tables)
|
6 Months Ended |
Jan. 31, 2024 |
Earnings per share attributable to IDT Corporation common stockholders: |
|
Schedule of Weighted-average Number of Shares Used in the Calculation of Basic and Diluted Earnings Per Share |
The
weighted-average number of shares used in the calculation of basic and diluted earnings per share attributable to the Company’s
common stockholders consists of the following:
Schedule of Weighted-average Number of Shares Used in the Calculation of Basic and Diluted Earnings Per Share
| |
2024 | | |
2023 | | |
2024 | | |
2023 | |
| |
Three Months Ended January 31, | | |
Six Months Ended January 31, | |
| |
2024 | | |
2023 | | |
2024 | | |
2023 | |
| |
(in thousands) | |
Basic weighted-average number of shares | |
| 25,175 | | |
| 25,510 | | |
| 25,176 | | |
| 25,556 | |
Effect of dilutive securities: | |
| | | |
| | | |
| | | |
| | |
Stock options | |
| — | | |
| 9 | | |
| 1 | | |
| 11 | |
Non-vested restricted Class B common stock | |
| 142 | | |
| 19 | | |
| 120 | | |
| 10 | |
| |
| | | |
| | | |
| | | |
| | |
Diluted weighted-average number of shares | |
| 25,317 | | |
| 25,538 | | |
| 25,297 | | |
| 25,577 | |
|
X |
- References
+ Details
Name: |
us-gaap_EarningsPerShareAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTabular disclosure of the effect of income (loss) on an entity's diluted earnings per share.
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482689/260-10-45-3
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1
Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482635/260-10-55-52
+ Details
Name: |
us-gaap_ScheduleOfEarningsPerShareDilutedByCommonClassTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.24.0.1
Accumulated Other Comprehensive Loss (Tables)
|
6 Months Ended |
Jan. 31, 2024 |
Equity: |
|
Schedule of Accumulated Balances for Each Classification of Other Comprehensive Income Income (Loss) |
The accumulated balances for each classification of other comprehensive income (loss) were as follows:
Schedule
of Accumulated Balances for Each Classification of Other Comprehensive Income Income (Loss)
| |
Unrealized
Loss on
Available-for-Sale Securities | | |
Foreign
Currency
Translation | | |
Accumulated
Other
Comprehensive
Loss | |
| |
(in thousands) | |
Balance, July 31, 2023 | |
$ | (645 | ) | |
$ | (16,547 | ) | |
$ | (17,192 | ) |
Other comprehensive income (loss) attributable to IDT Corporation | |
| 204 | | |
| (288 | ) | |
| (84 | ) |
| |
| | | |
| | | |
| | |
Balance, January 31, 2024 | |
$ | (441 | ) | |
$ | (16,835 | ) | |
$ | (17,276 | ) |
|
X |
- References
+ Details
Name: |
us-gaap_EquityAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTabular disclosure of the components of accumulated other comprehensive income (loss).
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -Publisher FASB -URI https://asc.fasb.org//1943274/2147482790/220-10-45-14A
Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481674/830-30-50-1
Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 20 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481694/830-30-45-20
+ Details
Name: |
us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.24.0.1
Other Income (Expense), Net (Tables)
|
6 Months Ended |
Jan. 31, 2024 |
Other Income and Expenses [Abstract] |
|
Schedule of Other Income (Expense), Net |
Other income (expense), net consists of the following:
Schedule
of Other Income (Expense), Net
| |
2024 | | |
2023 | | |
2024 | | |
2023 | |
| |
Three Months Ended January 31, | | |
Six Months Ended January 31, | |
| |
2024 | | |
2023 | | |
2024 | | |
2023 | |
| |
(in thousands) | |
Foreign currency transaction gains (losses) | |
$ | 2,510 | | |
$ | 2,480 | | |
$ | (989 | ) | |
$ | 1,451 | |
Equity in net loss of investee | |
| (848 | ) | |
| (723 | ) | |
| (1,861 | ) | |
| (1,375 | ) |
Gains (losses) on investments, net | |
| 715 | | |
| (228 | ) | |
| (202 | ) | |
| (2,169 | ) |
Other | |
| 157 | | |
| 84 | | |
| (1 | ) | |
| (136 | ) |
| |
| | | |
| | | |
| | | |
| | |
Total other income (expense), net | |
$ | 2,534 | | |
$ | 1,613 | | |
$ | (3,053 | ) | |
$ | (2,229 | ) |
|
X |
- References
+ Details
Name: |
us-gaap_OtherIncomeAndExpensesAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTabular disclosure of the components of non-operating income or non-operating expense that may include amounts earned from dividends, interest on securities, gains (losses) on securities sold, equity earnings of unconsolidated affiliates, net gain (loss) on sales of business, interest expense and other miscellaneous income or expense items.
+ References
+ Details
Name: |
us-gaap_ScheduleOfOtherNonoperatingIncomeExpenseTableTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.24.0.1
Basis of Presentation (Details Narrative) - USD ($) $ in Thousands |
3 Months Ended |
6 Months Ended |
Jan. 31, 2024 |
Jan. 31, 2023 |
Jan. 31, 2024 |
Jan. 31, 2023 |
Depreciation and amortization |
|
$ 5,000
|
$ 10,146
|
$ 9,801
|
Trade accounts receivable |
|
|
7,040
|
(2,483)
|
Direct Cost of Revenues [Member] |
|
|
|
|
Depreciation and amortization |
$ 1,330
|
1,105
|
2,586
|
2,139
|
Selling, General and Administrative Expenses [Member] |
|
|
|
|
Depreciation and amortization |
$ 3,769
|
3,907
|
$ 7,560
|
7,662
|
Previously Reported [Member] |
|
|
|
|
Trade accounts receivable |
|
|
|
13,800
|
Previously Reported [Member] | Direct Cost of Revenues [Member] |
|
|
|
|
Depreciation and amortization |
|
1,100
|
|
2,100
|
Previously Reported [Member] | Selling, General and Administrative Expenses [Member] |
|
|
|
|
Depreciation and amortization |
|
$ 3,900
|
|
$ 7,700
|
net2phone 2.0, Inc. [Member] |
|
|
|
|
Ownership percentage |
94.00%
|
|
94.00%
|
|
Fully diluted basis assuming vesting, percentage |
|
|
90.80%
|
|
National Retail Solutions [Member] |
|
|
|
|
Ownership percentage |
81.20%
|
|
81.20%
|
|
Fully diluted basis assuming vesting, percentage |
|
|
78.90%
|
|
X |
- DefinitionFully diluted basis assuming vesting, percentage.
+ References
+ Details
Name: |
IDT_FullyDilutedMinorityInterestOwnershipPercentageByParent |
Namespace Prefix: |
IDT_ |
Data Type: |
dtr-types:percentItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 45 -Paragraph 28 -Subparagraph (b) -SubTopic 10 -Topic 230 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482740/230-10-45-28
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482099/360-10-50-1
+ Details
Name: |
us-gaap_DepreciationAndAmortization |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionThe increase (decrease) during the reporting period in amount due within one year (or one business cycle) from customers for the credit sale of goods and services.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 45 -Paragraph 28 -Subparagraph (a) -SubTopic 10 -Topic 230 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482740/230-10-45-28
+ Details
Name: |
us-gaap_IncreaseDecreaseInAccountsReceivable |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionThe parent entity's interest in net assets of the subsidiary, expressed as a percentage.
+ References
+ Details
Name: |
us-gaap_MinorityInterestOwnershipPercentageByParent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:percentItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- Details
Name: |
us-gaap_IncomeStatementLocationAxis=IDT_DirectCostOfRevenuesMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_IncomeStatementLocationAxis=us-gaap_SellingGeneralAndAdministrativeExpensesMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
srt_RestatementAxis=srt_ScenarioPreviouslyReportedMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
srt_OwnershipAxis=IDT_NetTwophoneTwoZeroIncMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
srt_OwnershipAxis=IDT_NationalRetailSolutionsMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
v3.24.0.1
Schedule of Operating Results of Business Segments (Details) - USD ($) $ in Thousands |
3 Months Ended |
6 Months Ended |
Jan. 31, 2024 |
Jan. 31, 2023 |
Jan. 31, 2024 |
Jan. 31, 2023 |
Segment Reporting Information [Line Items] |
|
|
|
|
Revenues |
$ 296,098
|
$ 313,936
|
$ 597,302
|
$ 635,752
|
Income (loss) from operations |
16,017
|
18,181
|
33,183
|
38,407
|
Depreciation and amortization: |
|
|
|
|
Total depreciation and amortization |
|
5,000
|
10,146
|
9,801
|
Direct Cost of Revenues [Member] |
|
|
|
|
Depreciation and amortization: |
|
|
|
|
Total depreciation and amortization |
1,330
|
1,105
|
2,586
|
2,139
|
Selling, General and Administrative Expenses [Member] |
|
|
|
|
Depreciation and amortization: |
|
|
|
|
Total depreciation and amortization |
3,769
|
3,907
|
7,560
|
7,662
|
National Retail Solutions [Member] |
|
|
|
|
Segment Reporting Information [Line Items] |
|
|
|
|
Revenues |
25,223
|
19,822
|
49,217
|
39,135
|
Income (loss) from operations |
5,349
|
5,374
|
10,810
|
10,605
|
National Retail Solutions [Member] | Direct Cost of Revenues [Member] |
|
|
|
|
Depreciation and amortization: |
|
|
|
|
Total depreciation and amortization |
483
|
357
|
933
|
676
|
National Retail Solutions [Member] | Selling, General and Administrative Expenses [Member] |
|
|
|
|
Depreciation and amortization: |
|
|
|
|
Total depreciation and amortization |
294
|
237
|
579
|
395
|
Fintech [Member] |
|
|
|
|
Segment Reporting Information [Line Items] |
|
|
|
|
Revenues |
27,987
|
20,321
|
54,550
|
40,208
|
Income (loss) from operations |
(736)
|
(806)
|
(2,120)
|
706
|
Fintech [Member] | Direct Cost of Revenues [Member] |
|
|
|
|
Depreciation and amortization: |
|
|
|
|
Total depreciation and amortization |
62
|
21
|
85
|
45
|
Fintech [Member] | Selling, General and Administrative Expenses [Member] |
|
|
|
|
Depreciation and amortization: |
|
|
|
|
Total depreciation and amortization |
662
|
637
|
1,333
|
1,235
|
net2 phone [Member] |
|
|
|
|
Segment Reporting Information [Line Items] |
|
|
|
|
Revenues |
20,353
|
17,794
|
40,280
|
34,744
|
Income (loss) from operations |
367
|
(575)
|
360
|
(1,631)
|
net2 phone [Member] | Direct Cost of Revenues [Member] |
|
|
|
|
Depreciation and amortization: |
|
|
|
|
Total depreciation and amortization |
600
|
536
|
1,199
|
1,034
|
net2 phone [Member] | Selling, General and Administrative Expenses [Member] |
|
|
|
|
Depreciation and amortization: |
|
|
|
|
Total depreciation and amortization |
952
|
855
|
1,792
|
1,709
|
Traditional Communications [Member] |
|
|
|
|
Segment Reporting Information [Line Items] |
|
|
|
|
Revenues |
222,535
|
255,999
|
453,255
|
521,665
|
Income (loss) from operations |
14,618
|
17,008
|
30,024
|
34,271
|
Traditional Communications [Member] | Direct Cost of Revenues [Member] |
|
|
|
|
Depreciation and amortization: |
|
|
|
|
Total depreciation and amortization |
185
|
191
|
369
|
384
|
Traditional Communications [Member] | Selling, General and Administrative Expenses [Member] |
|
|
|
|
Depreciation and amortization: |
|
|
|
|
Total depreciation and amortization |
1,844
|
2,160
|
3,807
|
4,287
|
Corporate Segment [Member] |
|
|
|
|
Segment Reporting Information [Line Items] |
|
|
|
|
Revenues |
|
|
|
|
Income (loss) from operations |
(3,581)
|
(2,820)
|
(5,891)
|
(5,544)
|
Corporate Segment [Member] | Direct Cost of Revenues [Member] |
|
|
|
|
Depreciation and amortization: |
|
|
|
|
Total depreciation and amortization |
|
|
|
|
Corporate Segment [Member] | Selling, General and Administrative Expenses [Member] |
|
|
|
|
Depreciation and amortization: |
|
|
|
|
Total depreciation and amortization |
$ 17
|
$ 18
|
$ 49
|
$ 36
|
X |
- DefinitionThe current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 45 -Paragraph 28 -Subparagraph (b) -SubTopic 10 -Topic 230 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482740/230-10-45-28
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482099/360-10-50-1
+ Details
Name: |
us-gaap_DepreciationAndAmortization |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_DepreciationAndAmortizationAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe net result for the period of deducting operating expenses from operating revenues.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 30 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32
Reference 4: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32
+ Details
Name: |
us-gaap_OperatingIncomeLoss |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionAmount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss).
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(g)(1)(ii)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481687/323-10-50-3
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 28 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482907/825-10-50-28
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(1)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(i)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A
Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(ii)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A
Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(iii)(A)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A
Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(iv)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A
Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(5)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A
Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(i)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B
Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iii)(A)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B
Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iii)(B)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B
Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iv)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B
Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(5)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B
Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 30 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30
Reference 16: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42
Reference 17: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22
Reference 18: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32
Reference 19: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40
Reference 20: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22
Reference 21: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32
Reference 22: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41
Reference 23: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 235 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-05(b)(2)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479557/942-235-S99-1
+ Details
Name: |
us-gaap_Revenues |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- Details
Name: |
us-gaap_IncomeStatementLocationAxis=IDT_DirectCostOfRevenuesMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_IncomeStatementLocationAxis=us-gaap_SellingGeneralAndAdministrativeExpensesMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_StatementBusinessSegmentsAxis=IDT_NationalRetailSolutionsMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_StatementBusinessSegmentsAxis=IDT_FintechMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_StatementBusinessSegmentsAxis=IDT_Net2phoneMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_StatementBusinessSegmentsAxis=IDT_TraditionalCommunicationsMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_StatementBusinessSegmentsAxis=us-gaap_CorporateMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
v3.24.0.1
X |
- DefinitionNumber of segments reported by the entity. A reportable segment is a component of an entity for which there is an accounting requirement to report separate financial information on that component in the entity's financial statements.
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 18 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-18
+ Details
Name: |
us-gaap_NumberOfReportableSegments |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:integerItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_SegmentReportingAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.24.0.1
Schedule of Revenues Disaggregated by Business Segment and Service Offered to Customers (Details) - USD ($) $ in Thousands |
3 Months Ended |
6 Months Ended |
Jan. 31, 2024 |
Jan. 31, 2023 |
Jan. 31, 2024 |
Jan. 31, 2023 |
Disaggregation of Revenue [Line Items] |
|
|
|
|
Revenues |
$ 296,098
|
$ 313,936
|
$ 597,302
|
$ 635,752
|
National Retail Solutions [Member] |
|
|
|
|
Disaggregation of Revenue [Line Items] |
|
|
|
|
Revenues |
25,223
|
19,822
|
49,217
|
39,135
|
Fintech [Member] |
|
|
|
|
Disaggregation of Revenue [Line Items] |
|
|
|
|
Revenues |
27,987
|
20,321
|
54,550
|
40,208
|
Fintech [Member] | B O S S Revolution Money Transfer [Member] |
|
|
|
|
Disaggregation of Revenue [Line Items] |
|
|
|
|
Revenues |
25,039
|
17,649
|
49,278
|
35,203
|
Fintech [Member] | Other [Member] |
|
|
|
|
Disaggregation of Revenue [Line Items] |
|
|
|
|
Revenues |
2,948
|
2,672
|
5,272
|
5,005
|
net2 phone [Member] |
|
|
|
|
Disaggregation of Revenue [Line Items] |
|
|
|
|
Revenues |
20,353
|
17,794
|
40,280
|
34,744
|
Traditional Communications [Member] |
|
|
|
|
Disaggregation of Revenue [Line Items] |
|
|
|
|
Revenues |
222,535
|
255,999
|
453,255
|
521,665
|
Traditional Communications [Member] | Other [Member] |
|
|
|
|
Disaggregation of Revenue [Line Items] |
|
|
|
|
Revenues |
7,471
|
8,410
|
14,949
|
17,163
|
Traditional Communications [Member] | I D T Digital Payments [Member] |
|
|
|
|
Disaggregation of Revenue [Line Items] |
|
|
|
|
Revenues |
99,620
|
106,127
|
199,606
|
215,177
|
Traditional Communications [Member] | B O S S Revolution Calling [Member] |
|
|
|
|
Disaggregation of Revenue [Line Items] |
|
|
|
|
Revenues |
66,703
|
82,831
|
137,925
|
169,083
|
Traditional Communications [Member] | I D T Global [Member] |
|
|
|
|
Disaggregation of Revenue [Line Items] |
|
|
|
|
Revenues |
$ 48,741
|
$ 58,631
|
$ 100,775
|
$ 120,242
|
X |
- DefinitionLine items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-5
Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 91 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479777/606-10-55-91
Reference 3: http://www.xbrl.org/2003/role/exampleRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 91 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479777/606-10-55-91
Reference 4: http://www.xbrl.org/2003/role/exampleRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 91 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479777/606-10-55-91
Reference 5: http://www.xbrl.org/2003/role/exampleRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 91 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479777/606-10-55-91
Reference 6: http://www.xbrl.org/2003/role/exampleRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 91 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479777/606-10-55-91
Reference 7: http://www.xbrl.org/2003/role/exampleRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 91 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479777/606-10-55-91
Reference 8: http://www.xbrl.org/2003/role/exampleRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 91 -Subparagraph (g) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479777/606-10-55-91
+ Details
Name: |
us-gaap_DisaggregationOfRevenueLineItems |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAmount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss).
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(g)(1)(ii)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481687/323-10-50-3
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 28 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482907/825-10-50-28
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(1)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(i)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A
Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(ii)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A
Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(iii)(A)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A
Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(iv)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A
Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(5)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A
Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(i)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B
Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iii)(A)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B
Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iii)(B)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B
Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iv)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B
Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(5)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B
Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 30 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30
Reference 16: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42
Reference 17: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22
Reference 18: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32
Reference 19: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40
Reference 20: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22
Reference 21: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32
Reference 22: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41
Reference 23: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 235 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-05(b)(2)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479557/942-235-S99-1
+ Details
Name: |
us-gaap_Revenues |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- Details
Name: |
us-gaap_StatementBusinessSegmentsAxis=IDT_NationalRetailSolutionsMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_StatementBusinessSegmentsAxis=IDT_FintechMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
srt_ProductOrServiceAxis=IDT_BOSSRevolutionMoneyTransferMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
srt_ProductOrServiceAxis=IDT_OtherMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_StatementBusinessSegmentsAxis=IDT_Net2phoneMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_StatementBusinessSegmentsAxis=IDT_TraditionalCommunicationsMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
srt_ProductOrServiceAxis=IDT_IDTDigitalPaymentsMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
srt_ProductOrServiceAxis=IDT_BOSSRevolutionCallingMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
srt_ProductOrServiceAxis=IDT_IDTGlobalMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
v3.24.0.1
Schedule of Revenues Disaggregated by Geographic Region (Details) - USD ($) $ in Thousands |
3 Months Ended |
6 Months Ended |
Jan. 31, 2024 |
Jan. 31, 2023 |
Jan. 31, 2024 |
Jan. 31, 2023 |
Disaggregation of Revenue [Line Items] |
|
|
|
|
Revenues |
$ 296,098
|
$ 313,936
|
$ 597,302
|
$ 635,752
|
National Retail Solutions [Member] |
|
|
|
|
Disaggregation of Revenue [Line Items] |
|
|
|
|
Revenues |
25,223
|
19,822
|
49,217
|
39,135
|
Fintech [Member] |
|
|
|
|
Disaggregation of Revenue [Line Items] |
|
|
|
|
Revenues |
27,987
|
20,321
|
54,550
|
40,208
|
net2 phone [Member] |
|
|
|
|
Disaggregation of Revenue [Line Items] |
|
|
|
|
Revenues |
20,353
|
17,794
|
40,280
|
34,744
|
Traditional Communications [Member] |
|
|
|
|
Disaggregation of Revenue [Line Items] |
|
|
|
|
Revenues |
222,535
|
255,999
|
453,255
|
521,665
|
UNITED STATES |
|
|
|
|
Disaggregation of Revenue [Line Items] |
|
|
|
|
Revenues |
226,598
|
225,372
|
450,181
|
457,580
|
UNITED STATES | National Retail Solutions [Member] |
|
|
|
|
Disaggregation of Revenue [Line Items] |
|
|
|
|
Revenues |
25,223
|
19,822
|
49,217
|
39,135
|
UNITED STATES | Fintech [Member] |
|
|
|
|
Disaggregation of Revenue [Line Items] |
|
|
|
|
Revenues |
26,901
|
19,612
|
52,734
|
38,867
|
UNITED STATES | net2 phone [Member] |
|
|
|
|
Disaggregation of Revenue [Line Items] |
|
|
|
|
Revenues |
10,700
|
9,514
|
21,388
|
18,316
|
UNITED STATES | Traditional Communications [Member] |
|
|
|
|
Disaggregation of Revenue [Line Items] |
|
|
|
|
Revenues |
163,774
|
176,424
|
326,842
|
361,262
|
UNITED KINGDOM |
|
|
|
|
Disaggregation of Revenue [Line Items] |
|
|
|
|
Revenues |
50,390
|
69,000
|
109,232
|
137,940
|
UNITED KINGDOM | National Retail Solutions [Member] |
|
|
|
|
Disaggregation of Revenue [Line Items] |
|
|
|
|
Revenues |
|
|
|
|
UNITED KINGDOM | Fintech [Member] |
|
|
|
|
Disaggregation of Revenue [Line Items] |
|
|
|
|
Revenues |
|
|
|
|
UNITED KINGDOM | net2 phone [Member] |
|
|
|
|
Disaggregation of Revenue [Line Items] |
|
|
|
|
Revenues |
|
|
|
|
UNITED KINGDOM | Traditional Communications [Member] |
|
|
|
|
Disaggregation of Revenue [Line Items] |
|
|
|
|
Revenues |
50,390
|
69,000
|
109,232
|
137,940
|
Others [Member] |
|
|
|
|
Disaggregation of Revenue [Line Items] |
|
|
|
|
Revenues |
19,110
|
19,564
|
37,889
|
40,232
|
Others [Member] | National Retail Solutions [Member] |
|
|
|
|
Disaggregation of Revenue [Line Items] |
|
|
|
|
Revenues |
|
|
|
|
Others [Member] | Fintech [Member] |
|
|
|
|
Disaggregation of Revenue [Line Items] |
|
|
|
|
Revenues |
1,086
|
709
|
1,816
|
1,341
|
Others [Member] | net2 phone [Member] |
|
|
|
|
Disaggregation of Revenue [Line Items] |
|
|
|
|
Revenues |
9,653
|
8,280
|
18,892
|
16,428
|
Others [Member] | Traditional Communications [Member] |
|
|
|
|
Disaggregation of Revenue [Line Items] |
|
|
|
|
Revenues |
8,371
|
10,575
|
17,181
|
22,463
|
Non-US [Member] |
|
|
|
|
Disaggregation of Revenue [Line Items] |
|
|
|
|
Revenues |
69,500
|
88,564
|
147,121
|
178,172
|
Non-US [Member] | National Retail Solutions [Member] |
|
|
|
|
Disaggregation of Revenue [Line Items] |
|
|
|
|
Revenues |
|
|
|
|
Non-US [Member] | Fintech [Member] |
|
|
|
|
Disaggregation of Revenue [Line Items] |
|
|
|
|
Revenues |
1,086
|
709
|
1,816
|
1,341
|
Non-US [Member] | net2 phone [Member] |
|
|
|
|
Disaggregation of Revenue [Line Items] |
|
|
|
|
Revenues |
9,653
|
8,280
|
18,892
|
16,428
|
Non-US [Member] | Traditional Communications [Member] |
|
|
|
|
Disaggregation of Revenue [Line Items] |
|
|
|
|
Revenues |
$ 58,761
|
$ 79,575
|
$ 126,413
|
$ 160,403
|
X |
- DefinitionLine items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-5
Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 91 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479777/606-10-55-91
Reference 3: http://www.xbrl.org/2003/role/exampleRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 91 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479777/606-10-55-91
Reference 4: http://www.xbrl.org/2003/role/exampleRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 91 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479777/606-10-55-91
Reference 5: http://www.xbrl.org/2003/role/exampleRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 91 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479777/606-10-55-91
Reference 6: http://www.xbrl.org/2003/role/exampleRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 91 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479777/606-10-55-91
Reference 7: http://www.xbrl.org/2003/role/exampleRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 91 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479777/606-10-55-91
Reference 8: http://www.xbrl.org/2003/role/exampleRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 91 -Subparagraph (g) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479777/606-10-55-91
+ Details
Name: |
us-gaap_DisaggregationOfRevenueLineItems |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAmount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss).
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(g)(1)(ii)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481687/323-10-50-3
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 28 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482907/825-10-50-28
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(1)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(i)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A
Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(ii)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A
Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(iii)(A)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A
Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(iv)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A
Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(5)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A
Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(i)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B
Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iii)(A)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B
Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iii)(B)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B
Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iv)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B
Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(5)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B
Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 30 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30
Reference 16: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42
Reference 17: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22
Reference 18: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32
Reference 19: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40
Reference 20: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22
Reference 21: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32
Reference 22: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41
Reference 23: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 235 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-05(b)(2)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479557/942-235-S99-1
+ Details
Name: |
us-gaap_Revenues |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- Details
Name: |
us-gaap_StatementBusinessSegmentsAxis=IDT_NationalRetailSolutionsMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_StatementBusinessSegmentsAxis=IDT_FintechMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_StatementBusinessSegmentsAxis=IDT_Net2phoneMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_StatementBusinessSegmentsAxis=IDT_TraditionalCommunicationsMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
srt_StatementGeographicalAxis=country_US |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
srt_StatementGeographicalAxis=country_GB |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
srt_StatementGeographicalAxis=IDT_OthersMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
srt_StatementGeographicalAxis=us-gaap_NonUsMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
v3.24.0.1
Schedule of Estimated Revenue by Business Segment (Details) $ in Thousands |
Jan. 31, 2024
USD ($)
|
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-01-31 |
|
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items] |
|
Total |
$ 79,510
|
Remaining Performance Obligations, Years |
0 years
|
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-08-01 |
|
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items] |
|
Total |
$ 44,750
|
Remaining Performance Obligations, Years |
1 year
|
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-08-01 |
|
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items] |
|
Total |
$ 23,709
|
Remaining Performance Obligations, Years |
1 year
|
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2027-08-01 |
|
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items] |
|
Total |
$ 11,051
|
Remaining Performance Obligations, Years |
0 years
|
National Retail Solutions [Member] | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-01-31 |
|
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items] |
|
Total |
$ 15,674
|
National Retail Solutions [Member] | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-08-01 |
|
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items] |
|
Total |
5,896
|
National Retail Solutions [Member] | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-08-01 |
|
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items] |
|
Total |
4,940
|
National Retail Solutions [Member] | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2027-08-01 |
|
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items] |
|
Total |
4,838
|
net2 phone [Member] | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-01-31 |
|
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items] |
|
Total |
63,836
|
net2 phone [Member] | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-08-01 |
|
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items] |
|
Total |
38,854
|
net2 phone [Member] | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-08-01 |
|
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items] |
|
Total |
18,769
|
net2 phone [Member] | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2027-08-01 |
|
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items] |
|
Total |
$ 6,213
|
X |
- DefinitionAmount of transaction price allocated to performance obligation that has not been recognized as revenue.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (a) -SubTopic 10 -Topic 606 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-13
+ Details
Name: |
us-gaap_RevenueRemainingPerformanceObligation |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionLine items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
+ References
+ Details
Name: |
us-gaap_RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionLineItems |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionPeriod in which remaining performance obligation is expected to be recognized as revenue, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents reported fact of one year, five months, and thirteen days.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(1) -SubTopic 10 -Topic 606 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-13
+ Details
Name: |
us-gaap_RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1 |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:durationItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- Details
Name: |
us-gaap_RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionStartDateAxis=2024-01-31 |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionStartDateAxis=2025-08-01 |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionStartDateAxis=2026-08-01 |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionStartDateAxis=2027-08-01 |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_StatementBusinessSegmentsAxis=IDT_NationalRetailSolutionsMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_StatementBusinessSegmentsAxis=IDT_Net2phoneMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
v3.24.0.1
X |
- DefinitionAmount of revenue recognized that was previously included in balance of obligation to transfer good or service to customer for which consideration from customer has been received or is due.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 8 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-8
+ Details
Name: |
us-gaap_ContractWithCustomerLiabilityRevenueRecognized |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_RevenueFromContractWithCustomerAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.24.0.1
X |
- DefinitionAmount, after accumulated amortization and accumulated impairment loss, of asset recognized from cost incurred to obtain or fulfill contract with customer.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 340 -SubTopic 40 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479483/340-40-50-3
+ Details
Name: |
us-gaap_CapitalizedContractCostNet |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionAmount, after accumulated amortization and accumulated impairment loss, of asset recognized from cost incurred to obtain or fulfill contract with customer; classified as current.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 340 -SubTopic 40 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479483/340-40-50-3
+ Details
Name: |
us-gaap_CapitalizedContractCostNetCurrent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionAmount, after accumulated amortization and accumulated impairment loss, of asset recognized from cost incurred to obtain or fulfill contract with customer; classified as noncurrent.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 340 -SubTopic 40 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479483/340-40-50-3
+ Details
Name: |
us-gaap_CapitalizedContractCostNetNoncurrent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- References
+ Details
Name: |
us-gaap_RevenueFromContractWithCustomerAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.24.0.1
X |
- DefinitionAmount of amortization expense for asset recognized from cost incurred to obtain or fulfill contract with customer.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 340 -SubTopic 40 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479483/340-40-50-3
+ Details
Name: |
us-gaap_CapitalizedContractCostAmortization |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_RevenueFromContractWithCustomerAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.24.0.1
Schedule of Supplemental Disclosures Related to the Company's Operating Leases (Details) - USD ($) $ in Thousands |
3 Months Ended |
6 Months Ended |
Jan. 31, 2024 |
Jan. 31, 2023 |
Jan. 31, 2024 |
Jan. 31, 2023 |
Leases |
|
|
|
|
Operating lease cost |
$ 734
|
$ 799
|
$ 1,492
|
$ 1,566
|
Short-term lease cost |
132
|
259
|
459
|
528
|
Total lease cost |
866
|
1,058
|
1,951
|
2,094
|
Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases |
$ 724
|
$ 824
|
$ 1,515
|
$ 1,588
|
X |
- References
+ Details
Name: |
IDT_DisclosureLeasesAbstract |
Namespace Prefix: |
IDT_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAmount of lease cost recognized by lessee for lease contract.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 53 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479589/842-20-55-53
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-4
+ Details
Name: |
us-gaap_LeaseCost |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionAmount of single lease cost, calculated by allocation of remaining cost of lease over remaining lease term. Includes, but is not limited to, single lease cost, after impairment of right-of-use asset, calculated by amortization of remaining right-of-use asset and accretion of lease liability.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 53 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479589/842-20-55-53
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-4
+ Details
Name: |
us-gaap_OperatingLeaseCost |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionAmount of cash outflow from operating lease, excluding payments to bring another asset to condition and location necessary for its intended use.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 45 -Paragraph 5 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479041/842-20-45-5
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Subparagraph (g)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-4
+ Details
Name: |
us-gaap_OperatingLeasePayments |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionAmount of short-term lease cost, excluding expense for lease with term of one month or less.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 53 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479589/842-20-55-53
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-4
+ Details
Name: |
us-gaap_ShortTermLeaseCost |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
v3.24.0.1
X |
- References
+ Details
Name: |
IDT_DisclosureLeasesAbstract |
Namespace Prefix: |
IDT_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionWeighted average discount rate for operating lease calculated at point in time.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 53 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479589/842-20-55-53
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Subparagraph (g)(4) -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-4
+ Details
Name: |
us-gaap_OperatingLeaseWeightedAverageDiscountRatePercent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:percentItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- DefinitionWeighted average remaining lease term for operating lease, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents reported fact of one year, five months, and thirteen days.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 53 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479589/842-20-55-53
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Subparagraph (g)(3) -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-4
+ Details
Name: |
us-gaap_OperatingLeaseWeightedAverageRemainingLeaseTerm1 |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:durationItemType |
Balance Type: |
na |
Period Type: |
instant |
|
v3.24.0.1
Schedule of Aggregate Operating Lease Liability (Details) - USD ($) $ in Thousands |
Jan. 31, 2024 |
Jul. 31, 2023 |
Leases |
|
|
Operating lease liabilities included in “Other current liabilities” |
$ 2,810
|
$ 2,861
|
Operating Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration] |
Other current liabilities
|
Other current liabilities
|
Operating lease liabilities included in noncurrent liabilities |
$ 2,448
|
$ 2,881
|
Total |
$ 5,258
|
$ 5,742
|
X |
- References
+ Details
Name: |
IDT_DisclosureLeasesAbstract |
Namespace Prefix: |
IDT_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionPresent value of lessee's discounted obligation for lease payments from operating lease.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479041/842-20-45-1
+ Details
Name: |
us-gaap_OperatingLeaseLiability |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionPresent value of lessee's discounted obligation for lease payments from operating lease, classified as current.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479041/842-20-45-1
+ Details
Name: |
us-gaap_OperatingLeaseLiabilityCurrent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionIndicates line item in statement of financial position that includes current operating lease liability.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479041/842-20-45-2
+ Details
Name: |
us-gaap_OperatingLeaseLiabilityCurrentStatementOfFinancialPositionExtensibleList |
Namespace Prefix: |
us-gaap_ |
Data Type: |
enum2:enumerationSetItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- DefinitionPresent value of lessee's discounted obligation for lease payments from operating lease, classified as noncurrent.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479041/842-20-45-1
+ Details
Name: |
us-gaap_OperatingLeaseLiabilityNoncurrent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
v3.24.0.1
X |
- References
+ Details
Name: |
IDT_DisclosureLeasesAbstract |
Namespace Prefix: |
IDT_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAmount of lessee's undiscounted obligation for lease payment for operating lease.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-6
+ Details
Name: |
us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionAmount of lessee's undiscounted obligation for lease payments for operating lease, due after fifth rolling twelve months following latest statement of financial position date. For interim and annual periods when interim periods are reported on rolling approach, from latest statement of financial position date.
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-6
+ Details
Name: |
us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueAfterRollingYearFive |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionAmount of lessee's undiscounted obligation for lease payments for operating lease, due in fifth rolling twelve months following latest statement of financial position date. For interim and annual periods when interim periods are reported on a rolling approach, from latest statement of financial position date.
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-6
+ Details
Name: |
us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearFive |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionAmount of lessee's undiscounted obligation for lease payments for operating lease, due in fourth rolling twelve months following latest statement of financial position date. For interim and annual periods when interim periods are reported on a rolling approach, from latest statement of financial position date.
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-6
+ Details
Name: |
us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearFour |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionAmount of lessee's undiscounted obligation for lease payments for operating lease, due in third rolling twelve months following latest statement of financial position date. For interim and annual periods when interim periods are reported on a rolling approach, from latest statement of financial position date.
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-6
+ Details
Name: |
us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearThree |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionAmount of lessee's undiscounted obligation for lease payments for operating lease, due in second rolling twelve months following latest statement of financial position date. For interim and annual periods when interim periods are reported on a rolling approach, from latest statement of financial position date.
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-6
+ Details
Name: |
us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearTwo |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionAmount of lessee's undiscounted obligation for lease payments for operating lease, due in next rolling twelve months following latest statement of financial position date. For interim and annual periods when interim periods are reported on a rolling approach, from latest statement of financial position date.
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-6
+ Details
Name: |
us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueNextRollingTwelveMonths |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionAmount of lessee's undiscounted obligation for lease payments in excess of discounted obligation for lease payments for operating lease.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-6
+ Details
Name: |
us-gaap_LesseeOperatingLeaseLiabilityUndiscountedExcessAmount |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionPresent value of lessee's discounted obligation for lease payments from operating lease.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479041/842-20-45-1
+ Details
Name: |
us-gaap_OperatingLeaseLiability |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
v3.24.0.1
X |
- DefinitionTerm of lessee's operating lease, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents reported fact of one year, five months, and thirteen days.
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (a)(3) -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-3
+ Details
Name: |
us-gaap_LesseeOperatingLeaseTermOfContract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:durationItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- DefinitionAmount of increase in right-of-use asset obtained in exchange for operating lease liability.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 53 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479589/842-20-55-53
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Subparagraph (g)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-4
+ Details
Name: |
us-gaap_RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- Details
Name: |
srt_RangeAxis=srt_MinimumMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
srt_RangeAxis=srt_MaximumMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
v3.24.0.1
Schedule of Cash, Cash Equivalents, and Restricted Cash and Cash Equivalents (Details) - USD ($) $ in Thousands |
Jan. 31, 2024 |
Jul. 31, 2023 |
Jan. 31, 2023 |
Jul. 31, 2022 |
Cash and Cash Equivalents [Abstract] |
|
|
|
|
Cash and cash equivalents |
$ 141,081
|
$ 103,637
|
|
|
Restricted cash and cash equivalents |
93,231
|
95,186
|
|
|
Total cash, cash equivalents, and restricted cash and cash equivalents |
$ 234,312
|
$ 198,823
|
$ 207,678
|
$ 189,562
|
X |
- References
+ Details
Name: |
us-gaap_CashAndCashEquivalentsAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAmount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(1)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1
Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483467/210-10-45-1
Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482740/230-10-45-4
+ Details
Name: |
us-gaap_CashAndCashEquivalentsAtCarryingValue |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionAmount of cash and cash equivalents, and cash and cash equivalents restricted to withdrawal or usage. Excludes amount for disposal group and discontinued operations. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482913/230-10-50-8
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 24 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482740/230-10-45-24
Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482740/230-10-45-4
+ Details
Name: |
us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionAmount of cash and cash equivalents restricted as to withdrawal or usage, classified as current. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(1)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482913/230-10-50-8
Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482740/230-10-45-4
+ Details
Name: |
us-gaap_RestrictedCashAndCashEquivalentsAtCarryingValue |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
v3.24.0.1
Cash, Cash Equivalents, and Restricted Cash and Cash Equivalents (Details Narrative) - USD ($) $ in Thousands |
Jan. 31, 2024 |
Jul. 31, 2023 |
Restricted cash and cash equivalents, current |
$ 93,231
|
$ 95,186
|
Cash and cash equivalents, at carrying value |
141,081
|
103,637
|
IDT Financial Services Limited [Member] |
|
|
Restricted cash and cash equivalents, current |
88,200
|
87,300
|
IDT Payment Services [Member] |
|
|
Cash and cash equivalents, at carrying value |
$ 39,800
|
$ 20,600
|
X |
- DefinitionAmount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(1)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1
Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483467/210-10-45-1
Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482740/230-10-45-4
+ Details
Name: |
us-gaap_CashAndCashEquivalentsAtCarryingValue |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionAmount of cash and cash equivalents restricted as to withdrawal or usage, classified as current. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(1)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482913/230-10-50-8
Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482740/230-10-45-4
+ Details
Name: |
us-gaap_RestrictedCashAndCashEquivalentsAtCarryingValue |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- Details
Name: |
srt_ProductOrServiceAxis=IDT_IDTFinancialServicesLimitedMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
srt_ProductOrServiceAxis=IDT_IDTPaymentServicesMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
v3.24.0.1
Schedule of Available-for-sale Securities (Details) - USD ($) $ in Thousands |
Jan. 31, 2024 |
Jul. 31, 2023 |
Debt Securities, Available-for-Sale, Amortized Cost |
|
$ 31,860
|
$ 43,059
|
Debt Securities, Available-for-Sale, Accumulated Gross Unrealized Gain, before Tax |
|
14
|
|
Debt Securities, Available-for-Sale, Accumulated Gross Unrealized Loss, before Tax |
|
(455)
|
(645)
|
Debt Securities, Available-for-Sale |
|
31,419
|
42,414
|
Certificates of Deposit [Member] |
|
|
|
Debt Securities, Available-for-Sale, Amortized Cost |
[1] |
960
|
4,080
|
Debt Securities, Available-for-Sale, Accumulated Gross Unrealized Gain, before Tax |
[1] |
|
|
Debt Securities, Available-for-Sale, Accumulated Gross Unrealized Loss, before Tax |
[1] |
|
(4)
|
Debt Securities, Available-for-Sale |
[1] |
960
|
4,076
|
US Treasury Bill Securities [Member] |
|
|
|
Debt Securities, Available-for-Sale, Amortized Cost |
|
23,738
|
31,186
|
Debt Securities, Available-for-Sale, Accumulated Gross Unrealized Gain, before Tax |
|
12
|
|
Debt Securities, Available-for-Sale, Accumulated Gross Unrealized Loss, before Tax |
|
(76)
|
(148)
|
Debt Securities, Available-for-Sale |
|
23,674
|
31,038
|
US Government-sponsored Enterprises Debt Securities [Member] |
|
|
|
Debt Securities, Available-for-Sale, Amortized Cost |
|
3,261
|
3,881
|
Debt Securities, Available-for-Sale, Accumulated Gross Unrealized Gain, before Tax |
|
1
|
|
Debt Securities, Available-for-Sale, Accumulated Gross Unrealized Loss, before Tax |
|
(3)
|
(8)
|
Debt Securities, Available-for-Sale |
|
3,259
|
3,873
|
Corporate Bond Securities [Member] |
|
|
|
Debt Securities, Available-for-Sale, Amortized Cost |
|
3,901
|
3,912
|
Debt Securities, Available-for-Sale, Accumulated Gross Unrealized Gain, before Tax |
|
1
|
|
Debt Securities, Available-for-Sale, Accumulated Gross Unrealized Loss, before Tax |
|
(376)
|
(485)
|
Debt Securities, Available-for-Sale |
|
$ 3,526
|
$ 3,427
|
|
|
X |
- DefinitionAmount, before tax, of unrealized gain in accumulated other comprehensive income (AOCI) on investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-2
+ Details
Name: |
us-gaap_AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionAmount, before tax, of unrealized loss in accumulated other comprehensive income (AOCI) on investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-2
+ Details
Name: |
us-gaap_AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionAmortized cost of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(1)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479440/944-210-S99-1
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-2
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479130/326-30-45-1
+ Details
Name: |
us-gaap_AvailableForSaleDebtSecuritiesAmortizedCostBasis |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionAmount of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (aa) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-2
Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481830/320-10-45-1
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(6)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479853/942-210-S99-1
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479130/326-30-45-1
+ Details
Name: |
us-gaap_AvailableForSaleSecuritiesDebtSecurities |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
v3.24.0.1
X |
- DefinitionFair value of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale), with single maturity date and allocated without single maturity date, maturing in sixth through tenth fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach).
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-3
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 320 -Name Accounting Standards Codification -Section 50 -Paragraph 3A -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480832/942-320-50-3A
+ Details
Name: |
us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionFair value of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale), with single maturity date and allocated without single maturity date, maturing in second through fifth fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach).
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-3
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 320 -Name Accounting Standards Codification -Section 50 -Paragraph 3A -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480832/942-320-50-3A
+ Details
Name: |
us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionFair value of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale), with single maturity date and allocated without single maturity date, maturing after tenth fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach).
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-3
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 320 -Name Accounting Standards Codification -Section 50 -Paragraph 3A -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480832/942-320-50-3A
+ Details
Name: |
us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionFair value of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale), with single maturity date and allocated without single maturity date, maturing in next fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach).
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-3
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 320 -Name Accounting Standards Codification -Section 50 -Paragraph 3A -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480832/942-320-50-3A
+ Details
Name: |
us-gaap_AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionAmount of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (aa) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-2
Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481830/320-10-45-1
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(6)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479853/942-210-S99-1
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479130/326-30-45-1
+ Details
Name: |
us-gaap_AvailableForSaleSecuritiesDebtSecurities |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- References
+ Details
Name: |
us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.24.0.1
Schedule of Available-for-sale Securities, Unrealized Loss Position (Details) - USD ($) $ in Thousands |
Jan. 31, 2024 |
Jul. 31, 2023 |
Debt Securities, Available-for-Sale, Unrealized Loss Position, Accumulated Loss |
$ 455
|
$ 645
|
Debt Securities, Available-for-Sale, Unrealized Loss Position |
28,048
|
41,635
|
Certificates of Deposit [Member] |
|
|
Debt Securities, Available-for-Sale, Unrealized Loss Position, Accumulated Loss |
|
4
|
Debt Securities, Available-for-Sale, Unrealized Loss Position |
|
3,356
|
US Treasury Bill Securities [Member] |
|
|
Debt Securities, Available-for-Sale, Unrealized Loss Position, Accumulated Loss |
76
|
148
|
Debt Securities, Available-for-Sale, Unrealized Loss Position |
21,754
|
31,038
|
US Government-sponsored Enterprises Debt Securities [Member] |
|
|
Debt Securities, Available-for-Sale, Unrealized Loss Position, Accumulated Loss |
3
|
8
|
Debt Securities, Available-for-Sale, Unrealized Loss Position |
2,910
|
3,873
|
Corporate Bond Securities [Member] |
|
|
Debt Securities, Available-for-Sale, Unrealized Loss Position, Accumulated Loss |
376
|
485
|
Debt Securities, Available-for-Sale, Unrealized Loss Position |
$ 3,384
|
$ 3,368
|
X |
- DefinitionAmount of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale), in unrealized loss position without allowance for credit loss.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 326 -SubTopic 30 -Name Accounting Standards Codification -Section 55 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479081/326-30-55-8
Reference 2: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Subparagraph (a)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-6
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Subparagraph (a)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479106/326-30-50-4
+ Details
Name: |
us-gaap_DebtSecuritiesAvailableForSaleUnrealizedLossPosition |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionAmount of accumulated unrealized loss on investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale), in unrealized loss position, without allowance for credit loss. Includes beneficial interest in securitized financial asset.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Subparagraph (a)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-6
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Subparagraph (a)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479106/326-30-50-4
+ Details
Name: |
us-gaap_DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
v3.24.0.1
Schedule of Continuous Unrealized Loss Position for 12 Months or Longer (Details) - USD ($) $ in Thousands |
Jan. 31, 2024 |
Jul. 31, 2023 |
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss |
$ 439
|
$ 570
|
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, 12 Months or Longer |
6,221
|
4,115
|
US Treasury Bill Securities [Member] |
|
|
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss |
63
|
86
|
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, 12 Months or Longer |
2,837
|
816
|
Corporate Bond Securities [Member] |
|
|
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss |
376
|
484
|
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, 12 Months or Longer |
$ 3,384
|
$ 3,299
|
X |
- DefinitionAmount of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale), in continuous unrealized loss position for more than 12 months, without allowance for credit loss. Includes beneficial interest in securitized financial asset.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 326 -SubTopic 30 -Name Accounting Standards Codification -Section 55 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479081/326-30-55-8
Reference 2: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-7
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479106/326-30-50-5
+ Details
Name: |
us-gaap_DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionAmount of accumulated unrealized loss on investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale), in continuous unrealized loss position for 12 months or longer, without allowance for credit loss. Includes beneficial interest in securitized financial asset.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-7
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479106/326-30-50-5
+ Details
Name: |
us-gaap_DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
v3.24.0.1
X |
- References
+ Details
Name: |
us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAmount of cash inflow from sale, maturity, prepayment and call of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481830/320-10-45-11
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482740/230-10-45-11
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 12 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482740/230-10-45-12
+ Details
Name: |
us-gaap_ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
v3.24.0.1
Schedule of Equity Investments (Details) - USD ($) $ in Thousands |
Jan. 31, 2024 |
Jul. 31, 2023 |
Current equity investments |
$ 5,076
|
$ 6,198
|
Noncurrent equity investments |
7,558
|
9,874
|
Other Marketable Equity Securities [Member] |
|
|
Current equity investments |
188
|
1,497
|
Mutual Fund [Member] |
|
|
Current equity investments |
4,245
|
4,054
|
Convertible Preferred Stock [Member] |
|
|
Noncurrent equity investments |
1,932
|
2,784
|
Hedge Funds [Member] |
|
|
Noncurrent equity investments |
2,951
|
3,002
|
Other Investments [Member] |
|
|
Noncurrent equity investments |
1,225
|
2,825
|
Common Class B [Member] | Zedge Inc [Member] |
|
|
Current equity investments |
138
|
89
|
Common Class B [Member] | Rafael Holdings Inc [Member] |
|
|
Current equity investments |
505
|
558
|
Series C Convertible Preferred Stock [Member] | Visa Inc [Member] |
|
|
Noncurrent equity investments |
$ 1,450
|
$ 1,263
|
X |
- DefinitionAmount of investment in equity security measured at fair value with change in fair value recognized in net income (FV-NI), classified as current.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(2)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1
Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483467/210-10-45-1
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 1A -Publisher FASB -URI https://asc.fasb.org//1943274/2147482736/825-10-45-1A
+ Details
Name: |
us-gaap_EquitySecuritiesFvNi |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionThe total amount of investments that are intended to be held for an extended period of time (longer than one operating cycle).
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(12)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1
+ Details
Name: |
us-gaap_LongTermInvestments |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- Details
Name: |
us-gaap_InvestmentTypeAxis=IDT_OtherMarketableEquitySecuritiesMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_InvestmentTypeAxis=us-gaap_MutualFundMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_InvestmentTypeAxis=us-gaap_ConvertiblePreferredStockMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_InvestmentTypeAxis=us-gaap_HedgeFundsMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_InvestmentTypeAxis=us-gaap_OtherInvestmentsMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_StatementClassOfStockAxis=us-gaap_CommonClassBMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
dei_LegalEntityAxis=IDT_ZedgeIncMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
dei_LegalEntityAxis=IDT_RafaelHoldingsIncMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_StatementClassOfStockAxis=IDT_SeriesCConvertiblePreferredStockMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
dei_LegalEntityAxis=IDT_VisaIncMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
v3.24.0.1
X |
- Details
Name: |
us-gaap_StatementClassOfStockAxis=us-gaap_CommonClassBMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
dei_LegalEntityAxis=IDT_ZedgeIncMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
dei_LegalEntityAxis=IDT_RafaelHoldingsIncMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
v3.24.0.1
Schedule of Carrying Value of Equity Investments (Details) - USD ($) $ in Thousands |
3 Months Ended |
6 Months Ended |
Jan. 31, 2024 |
Jan. 31, 2023 |
Jan. 31, 2024 |
Jan. 31, 2023 |
Cash and Cash Equivalents [Abstract] |
|
|
|
|
Balance, beginning of period |
$ 1,747
|
$ 1,474
|
$ 1,632
|
$ 1,501
|
Adjustment for observable transactions involving a similar investment from the same issuer |
202
|
120
|
187
|
93
|
Upward adjustment |
|
|
130
|
|
Redemption |
(230)
|
|
(230)
|
|
Impairments |
|
|
|
|
Balance, end of the period |
$ 1,719
|
$ 1,594
|
$ 1,719
|
$ 1,594
|
X |
- DefinitionAdjustment for observable transactions involving a similar investment from the same issuer.
+ References
+ Details
Name: |
IDT_AdjustmentForObservableTransactionsInvolvingSimilarInvestmentFromSameIssuer |
Namespace Prefix: |
IDT_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionEquity securities without readily determinable fair value redemptions amount.
+ References
+ Details
Name: |
IDT_EquitySecuritiesWithoutReadilyDeterminableFairValueRedemptionsAmount |
Namespace Prefix: |
IDT_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_CashAndCashEquivalentsAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAmount of investment in equity security without readily determinable fair value.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 321 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479536/321-10-50-3
+ Details
Name: |
us-gaap_EquitySecuritiesWithoutReadilyDeterminableFairValueAmount |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionAmount of impairment loss on investment in equity security without readily determinable fair value.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 321 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479536/321-10-50-3
+ Details
Name: |
us-gaap_EquitySecuritiesWithoutReadilyDeterminableFairValueImpairmentLossAnnualAmount |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionAmount of gain from upward price adjustment on investment in equity security without readily determinable fair value.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 321 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479536/321-10-50-3
+ Details
Name: |
us-gaap_EquitySecuritiesWithoutReadilyDeterminableFairValueUpwardPriceAdjustmentAnnualAmount |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
v3.24.0.1
X |
- DefinitionAmount of recognized unrealized gain (loss) net on equity securities redeemed (FV-NI).
+ References
+ Details
Name: |
IDT_EquitySecuritiesFvNiRecognizedGainLossNetOnEquitySecuritiesRedeemed |
Namespace Prefix: |
IDT_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionAmount of unrealized and realized gain (loss) on investment in equity security measured at fair value with change in fair value recognized in net income (FV-NI).
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(3)(d)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483586/944-220-S99-1
Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 321 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479536/321-10-50-4
+ Details
Name: |
us-gaap_EquitySecuritiesFvNiGainLoss |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionAmount of unrealized gain (loss) on investment in equity security measured at fair value with change in fair value recognized in net income (FV-NI).
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(3)(d)(2)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483586/944-220-S99-1
Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 321 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479536/321-10-50-4
+ Details
Name: |
us-gaap_EquitySecuritiesFvNiUnrealizedGainLoss |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- Details
Name: |
us-gaap_StatementEquityComponentsAxis=IDT_RafaelClassBCommonStockMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_StatementEquityComponentsAxis=IDT_ZedgeClassBCommonStockMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
v3.24.0.1
Summary of Changes in Equity Method Investments (Details) - USD ($) $ in Thousands |
3 Months Ended |
6 Months Ended |
Jan. 31, 2024 |
Jan. 31, 2023 |
Jan. 31, 2024 |
Jan. 31, 2023 |
Defined Benefit Plan Disclosure [Line Items] |
|
|
|
|
Purchase of convertible preferred stock |
|
|
$ 1,009
|
|
Equity in the net loss of investee |
$ (848)
|
$ (723)
|
(1,861)
|
(1,375)
|
Equity Method Investee [Member] |
|
|
|
|
Defined Benefit Plan Disclosure [Line Items] |
|
|
|
|
Balance, beginning of period |
2,444
|
349
|
2,784
|
1,001
|
Purchase of convertible preferred stock |
336
|
|
1,009
|
|
Equity in the net loss of investee |
(506)
|
(542)
|
(1,176)
|
(1,012)
|
Amortization of equity method basis difference |
(342)
|
(181)
|
(685)
|
(363)
|
Balance, end of the period |
$ 1,932
|
$ (374)
|
$ 1,932
|
$ (374)
|
X |
- DefinitionAmortization of equity method basis difference.
+ References
+ Details
Name: |
IDT_AmortizationOfEquityMethodBasisDifference |
Namespace Prefix: |
IDT_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionLine items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
+ References
+ Details
Name: |
us-gaap_DefinedBenefitPlanDisclosureLineItems |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThis item represents the carrying amount on the entity's balance sheet of its investment in common stock of an equity method investee. This is not an indicator of the fair value of the investment, rather it is the initial cost adjusted for the entity's share of earnings and losses of the investee, adjusted for any distributions (dividends) and other than temporary impairment (OTTI) losses recognized.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481664/323-10-45-1
Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (a)(3) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481687/323-10-50-3
Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(10)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 25 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-25
+ Details
Name: |
us-gaap_EquityMethodInvestments |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionAmount of income (loss) for proportionate share of equity method investee's income (loss).
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 45 -Paragraph 28 -Subparagraph (b) -SubTopic 10 -Topic 230 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482740/230-10-45-28
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(10)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483586/944-220-S99-1
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481664/323-10-45-1
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Subparagraph (g) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22
Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(12)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2
Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(13)(f)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1
+ Details
Name: |
us-gaap_IncomeLossFromEquityMethodInvestments |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionThe cash outflow associated with the purchase of or advances to an equity method investments, which are investments in joint ventures and entities in which the entity has an equity ownership interest normally of 20 to 50 percent and exercises significant influence.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 13 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482740/230-10-45-13
+ Details
Name: |
us-gaap_PaymentsToAcquireEquityMethodInvestments |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
v3.24.0.1
Summary of Statements of Operations (Details) - USD ($) $ in Thousands |
3 Months Ended |
6 Months Ended |
Jan. 31, 2024 |
Jan. 31, 2023 |
Jan. 31, 2024 |
Jan. 31, 2023 |
Defined Benefit Plan Disclosure [Line Items] |
|
|
|
|
|
Revenues |
|
$ 296,098
|
$ 313,936
|
$ 597,302
|
$ 635,752
|
Selling, general and administrative |
[1] |
80,743
|
72,060
|
157,965
|
141,679
|
Total costs and expenses |
|
81,382
|
72,256
|
158,644
|
141,175
|
Loss from operations |
|
16,017
|
18,181
|
33,183
|
38,407
|
Other expense, net |
|
2,534
|
1,613
|
(3,053)
|
(2,229)
|
Net loss |
|
15,754
|
15,309
|
24,230
|
27,864
|
Equity Method Investee [Member] |
|
|
|
|
|
Defined Benefit Plan Disclosure [Line Items] |
|
|
|
|
|
Revenues |
|
5,087
|
1,818
|
7,821
|
3,691
|
Direct cost of revenues |
|
4,085
|
1,535
|
6,482
|
3,228
|
Selling, general and administrative |
|
2,385
|
1,772
|
4,570
|
3,408
|
Total costs and expenses |
|
6,470
|
3,307
|
11,052
|
6,636
|
Loss from operations |
|
(1,383)
|
(1,489)
|
(3,231)
|
(2,945)
|
Other expense, net |
|
|
(498)
|
|
(842)
|
Net loss |
|
$ (1,383)
|
$ (1,987)
|
$ (3,231)
|
$ (3,787)
|
|
|
X |
- DefinitionCost of product sold and service rendered, excluding depreciation, depletion, and amortization.
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(2)(a)) -SubTopic 10 -Topic 220 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2
Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(2)(d)) -SubTopic 10 -Topic 220 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2
+ Details
Name: |
us-gaap_CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionLine items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
+ References
+ Details
Name: |
us-gaap_DefinedBenefitPlanDisclosureLineItems |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business).
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.7) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2
+ Details
Name: |
us-gaap_NonoperatingIncomeExpense |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionGenerally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense.
+ References
+ Details
Name: |
us-gaap_OperatingExpenses |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionThe net result for the period of deducting operating expenses from operating revenues.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 30 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32
Reference 4: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32
+ Details
Name: |
us-gaap_OperatingIncomeLoss |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionThe consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(g)(1)(ii)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481687/323-10-50-3
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 28 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482907/825-10-50-28
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483443/250-10-50-1
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 40 -Name Accounting Standards Codification -Section 65 -Paragraph 1 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480175/815-40-65-1
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483443/250-10-50-8
Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483443/250-10-50-9
Reference 8: http://www.xbrl.org/2003/role/exampleRef -Topic 946 -SubTopic 830 -Name Accounting Standards Codification -Section 55 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480167/946-830-55-11
Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 205 -Name Accounting Standards Codification -Section 45 -Paragraph 3 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480767/946-205-45-3
Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section 45 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483581/946-220-45-7
Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(16)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483586/944-220-S99-1
Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22
Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-07(9)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483575/946-220-S99-1
Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.6-09(1)(d)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483575/946-220-S99-3
Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 19 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481231/810-10-45-19
Reference 16: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482765/220-10-50-6
Reference 17: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(i)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A
Reference 18: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(ii)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A
Reference 19: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(iii)(A)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A
Reference 20: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(iv)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A
Reference 21: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(5)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A
Reference 22: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(i)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B
Reference 23: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iii)(A)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B
Reference 24: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iii)(B)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B
Reference 25: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iv)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B
Reference 26: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(5)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B
Reference 27: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 30 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30
Reference 28: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32
Reference 29: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31
Reference 30: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32
Reference 31: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 235 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-05(b)(2)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479557/942-235-S99-1
Reference 32: http://www.xbrl.org/2003/role/disclosureRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483499/205-20-50-7
Reference 33: http://www.xbrl.org/2003/role/exampleRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 4J -Publisher FASB -URI https://asc.fasb.org//1943274/2147481175/810-10-55-4J
Reference 34: http://www.xbrl.org/2003/role/exampleRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 4K -Publisher FASB -URI https://asc.fasb.org//1943274/2147481175/810-10-55-4K
Reference 35: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 1A -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482790/220-10-45-1A
Reference 36: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 1B -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482790/220-10-45-1B
Reference 37: http://www.xbrl.org/2003/role/disclosureRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482740/230-10-45-2
Reference 38: http://www.xbrl.org/2003/role/disclosureRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1A -Subparagraph (a)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481203/810-10-50-1A
Reference 39: http://www.xbrl.org/2003/role/disclosureRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1A -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481203/810-10-50-1A
+ Details
Name: |
us-gaap_ProfitLoss |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionAmount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss).
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(g)(1)(ii)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481687/323-10-50-3
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 28 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482907/825-10-50-28
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(1)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(i)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A
Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(ii)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A
Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(iii)(A)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A
Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(iv)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A
Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(5)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A
Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(i)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B
Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iii)(A)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B
Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iii)(B)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B
Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iv)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B
Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(5)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B
Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 30 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30
Reference 16: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42
Reference 17: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22
Reference 18: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32
Reference 19: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40
Reference 20: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22
Reference 21: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32
Reference 22: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41
Reference 23: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 235 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-05(b)(2)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479557/942-235-S99-1
+ Details
Name: |
us-gaap_Revenues |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionThe aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.4) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2
+ Details
Name: |
us-gaap_SellingGeneralAndAdministrativeExpense |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
v3.24.0.1
Equity Investments (Details Narrative) - USD ($) $ in Thousands |
1 Months Ended |
3 Months Ended |
6 Months Ended |
|
Mar. 31, 2024 |
Feb. 29, 2024 |
Dec. 31, 2023 |
Jan. 31, 2024 |
Jan. 31, 2023 |
Jan. 31, 2024 |
Jan. 31, 2023 |
Jul. 31, 2023 |
Cash |
|
|
|
$ (230)
|
|
$ (230)
|
|
|
Equity method investment, aggregate cost |
|
|
|
$ 8,200
|
|
$ 8,200
|
|
|
Equity method investment, description |
|
|
|
|
|
These basis differences are being
amortized over the 6-year estimated life of the customer list.
|
|
|
Purchase of convertible preferred stock |
|
|
|
|
|
$ 1,009
|
|
|
Equity Method Investee [Member] |
|
|
|
|
|
|
|
|
Equity Method Investment, Ownership Percentage |
|
|
|
33.40%
|
|
33.40%
|
|
33.30%
|
EMI Preferred Stock [Member] | Subsequent Event [Member] |
|
|
|
|
|
|
|
|
Purchase of convertible preferred stock |
$ 200
|
$ 300
|
|
|
|
|
|
|
Regal Ban corp [Member] |
|
|
|
|
|
|
|
|
Cash |
|
|
$ 200
|
|
|
|
|
|
X |
- DefinitionEquity securities without readily determinable fair value redemptions amount.
+ References
+ Details
Name: |
IDT_EquitySecuritiesWithoutReadilyDeterminableFairValueRedemptionsAmount |
Namespace Prefix: |
IDT_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionDifference between amount at which an investment accounted for under the equity method of accounting is carried (reported) on the balance sheet and amount of underlying equity in net assets the reporting Entity has in the investee.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (a)(3) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481687/323-10-50-3
+ Details
Name: |
us-gaap_EquityMethodInvestmentDifferenceBetweenCarryingAmountAndUnderlyingEquity |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionDescription of the accounting treatment for the difference between the amount at which an investment accounted for under the equity method of accounting is reported on the balance sheet and the amount of underlying equity in net assets the reporting entity has in the investee.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 50 -Paragraph 3 -Subparagraph (a)(3) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481687/323-10-50-3
+ Details
Name: |
us-gaap_EquityMethodInvestmentDifferenceBetweenCarryingAmountAndUnderlyingEquityAccountingTreatment |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe percentage of ownership of common stock or equity participation in the investee accounted for under the equity method of accounting.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (a)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481687/323-10-50-3
+ Details
Name: |
us-gaap_EquityMethodInvestmentOwnershipPercentage |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:percentItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- DefinitionThe cash outflow associated with the purchase of or advances to an equity method investments, which are investments in joint ventures and entities in which the entity has an equity ownership interest normally of 20 to 50 percent and exercises significant influence.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 13 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482740/230-10-45-13
+ Details
Name: |
us-gaap_PaymentsToAcquireEquityMethodInvestments |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- Details
Name: |
srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis=IDT_EquityMethodInvestmentMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis=IDT_EMIPreferredStockMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_SubsequentEventTypeAxis=us-gaap_SubsequentEventMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
dei_LegalEntityAxis=IDT_RegalBancorpMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
v3.24.0.1
Schedule of Balance of Assets Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands |
Jan. 31, 2024 |
Jul. 31, 2023 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
Debt securities |
|
$ 31,419
|
$ 42,414
|
Fair Value, Recurring [Member] |
|
|
|
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
Debt securities |
|
31,419
|
42,414
|
Equity investments included in current assets |
|
5,076
|
6,198
|
Equity investments included in noncurrent assets |
|
2,450
|
3,763
|
Total |
|
38,945
|
52,375
|
Acquisition consideration included in other current liabilities |
|
(1,945)
|
(2,032)
|
Acquisition consideration included in other noncurrent liabilities |
|
(2,572)
|
(2,773)
|
Acquisition consideration included in other liabilities |
|
(4,517)
|
(4,805)
|
Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] |
|
|
|
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
Debt securities |
[1] |
23,674
|
31,038
|
Equity investments included in current assets |
[1] |
5,076
|
6,198
|
Equity investments included in noncurrent assets |
[1] |
|
|
Total |
[1] |
28,750
|
37,236
|
Acquisition consideration included in other current liabilities |
[1] |
|
|
Acquisition consideration included in other noncurrent liabilities |
[1] |
|
|
Acquisition consideration included in other liabilities |
[1] |
|
|
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] |
|
|
|
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
Debt securities |
[2] |
7,745
|
11,376
|
Equity investments included in current assets |
[2] |
|
|
Equity investments included in noncurrent assets |
[2] |
1,000
|
2,500
|
Total |
[2] |
8,745
|
13,876
|
Acquisition consideration included in other current liabilities |
[2] |
|
|
Acquisition consideration included in other noncurrent liabilities |
[2] |
|
|
Acquisition consideration included in other liabilities |
[2] |
|
|
Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] |
|
|
|
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
Debt securities |
[3] |
|
|
Equity investments included in current assets |
[3] |
|
|
Equity investments included in noncurrent assets |
[3] |
1,450
|
1,263
|
Total |
[3] |
1,450
|
1,263
|
Acquisition consideration included in other current liabilities |
[3] |
(1,945)
|
(2,032)
|
Acquisition consideration included in other noncurrent liabilities |
[3] |
(2,572)
|
(2,773)
|
Acquisition consideration included in other liabilities |
[3] |
$ (4,517)
|
$ (4,805)
|
|
|
X |
- DefinitionContingent consideration included in other liabilities.
+ References
+ Details
Name: |
IDT_ContingentConsiderationIncludedInOtherLiabilities |
Namespace Prefix: |
IDT_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionEquity investments included in current assets.
+ References
+ Details
Name: |
IDT_EquityInvestmentsCurrentAsset |
Namespace Prefix: |
IDT_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionEquity investments included in noncurrent assets.
+ References
+ Details
Name: |
IDT_EquityInvestmentsNoncurrentAssets |
Namespace Prefix: |
IDT_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionAmount of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (aa) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-2
Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481830/320-10-45-1
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(6)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479853/942-210-S99-1
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479130/326-30-45-1
+ Details
Name: |
us-gaap_AvailableForSaleSecuritiesDebtSecurities |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionAmount of liability recognized arising from contingent consideration in a business combination, expected to be settled within one year or the normal operating cycle, if longer.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 805 -SubTopic 30 -Section 25 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479668/805-30-25-6
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 35 -Paragraph 1 -Subparagraph b -SubTopic 30 -Topic 805 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479613/805-30-35-1
+ Details
Name: |
us-gaap_BusinessCombinationContingentConsiderationLiabilityCurrent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionAmount of liability recognized arising from contingent consideration in a business combination, expected to be settled beyond one year or the normal operating cycle, if longer.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 805 -SubTopic 30 -Section 25 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479668/805-30-25-6
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 35 -Paragraph 1 -Subparagraph b -SubTopic 30 -Topic 805 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479613/805-30-35-1
+ Details
Name: |
us-gaap_BusinessCombinationContingentConsiderationLiabilityNoncurrent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionLine items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-3
+ Details
Name: |
us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionFair value portion of investment securities, including, but not limited to, marketable securities, derivative financial instruments, and investments accounted for under the equity method.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2
+ Details
Name: |
us-gaap_InvestmentsFairValueDisclosure |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- Details
Name: |
us-gaap_FairValueByMeasurementFrequencyAxis=us-gaap_FairValueMeasurementsRecurringMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
v3.24.0.1
Schedule of Assets Measured at Fair Value on a Recurring Basis Using Significant Unobservable Inputs (Level 3) (Details) - USD ($) $ in Thousands |
3 Months Ended |
6 Months Ended |
Jan. 31, 2024 |
Jan. 31, 2023 |
Jan. 31, 2024 |
Jan. 31, 2023 |
Fair Value Disclosures [Abstract] |
|
|
|
|
Balance, beginning of period |
$ 1,248
|
$ 1,105
|
$ 1,263
|
$ 1,132
|
Total gains included in “Other income (expense), net” |
202
|
120
|
187
|
93
|
Balance, end of period |
1,450
|
1,225
|
1,450
|
1,225
|
Change in unrealized gains or losses for the period included in earnings for assets held at the end of the period |
|
|
|
|
X |
- DefinitionAmount of unrealized gain (loss) recognized in income from asset measured at fair value on recurring basis using unobservable input (level 3) and still held.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2
+ Details
Name: |
us-gaap_FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_FairValueDisclosuresAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.24.0.1
Schedule of Liabilities Measured at Fair Value on a Recurring Basis Using Significant Unobservable Inputs (Level 3) (Details) - USD ($) $ in Thousands |
3 Months Ended |
6 Months Ended |
Jan. 31, 2024 |
Jan. 31, 2023 |
Jan. 31, 2024 |
Jan. 31, 2023 |
Fair Value Disclosures [Abstract] |
|
|
|
|
Balance, beginning of period |
$ 4,588
|
$ 6,603
|
$ 4,805
|
$ 8,546
|
Payments |
|
|
(214)
|
(375)
|
“Other operating (expense) gain, net” |
$ (73)
|
|
$ (73)
|
$ (1,565)
|
Fair Value, Liability, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] |
Other operating (expense) gain, net
|
Other operating (expense) gain, net
|
Other operating (expense) gain, net
|
Other operating (expense) gain, net
|
Other operating (expense) gain, net |
$ (294)
|
$ 17
|
$ 190
|
$ 816
|
“Foreign currency translation adjustment” |
$ 2
|
$ 6
|
$ (1)
|
$ 3
|
Fair Value, Liability, Recurring Basis, Unobservable Input Reconciliation, Liability, Gain (Loss), Statement of Other Comprehensive Income or Comprehensive Income [Extensible Enumeration] |
Foreign currency translation adjustments
|
Foreign currency translation adjustments
|
Foreign currency translation adjustments
|
Foreign currency translation adjustments
|
Balance, end of period |
$ 4,517
|
$ 6,609
|
$ 4,517
|
$ 6,609
|
Change in unrealized gains or losses for the period included in earnings for liabilities held at the end of the period |
|
|
|
|
X |
- DefinitionAmount of unrealized gain (loss) recognized in income from asset measured at fair value on recurring basis using unobservable input (level 3) and still held.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2
+ Details
Name: |
us-gaap_FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_FairValueDisclosuresAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe net amount of other operating income and expenses, the components of which are not separately disclosed on the income statement, from items that are associated with the entity's normal revenue producing operations.
+ References
+ Details
Name: |
us-gaap_OtherOperatingIncomeExpenseNet |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
v3.24.0.1
X |
- DefinitionInvestment in hedge funds.
+ References
+ Details
Name: |
IDT_InvestmentInHedgeFunds |
Namespace Prefix: |
IDT_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- References
+ Details
Name: |
us-gaap_FairValueDisclosuresAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAmount of cash outflow, made soon after acquisition date of business combination, to settle contingent consideration liability.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 45 -Paragraph 13 -Subparagraph (d) -SubTopic 10 -Topic 230 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482740/230-10-45-13
+ Details
Name: |
us-gaap_PaymentForContingentConsiderationLiabilityInvestingActivities |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
v3.24.0.1
X |
- DefinitionVariable interest entity aggregate funding repaid to provided by reporting entity.
+ References
+ Details
Name: |
IDT_VariableInterestEntityAggregateFundingRepaidToProvidedByReportingEntity |
Namespace Prefix: |
IDT_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionVariable interest entity net income losst amount
+ References
+ Details
Name: |
IDT_VariableInterestEntityNetIncomeLosstAmount |
Namespace Prefix: |
IDT_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.24.0.1
VIE’s Summarized Consolidated Balance Sheet (Details) - USD ($) $ in Thousands |
Jan. 31, 2024 |
Jul. 31, 2023 |
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items] |
|
|
Cash and equivalents |
$ 141,081
|
$ 103,637
|
Trade accounts receivable, net |
37,392
|
32,092
|
Disbursement prefunding |
27,749
|
30,113
|
Prepaid expenses |
23,523
|
16,638
|
Other current assets |
30,905
|
28,394
|
Property, plant, and equipment, net |
38,713
|
38,655
|
Other intangibles, net |
7,026
|
8,196
|
Total assets |
521,778
|
510,810
|
Trade accounts payable |
21,514
|
22,231
|
Accrued expenses |
107,181
|
110,796
|
Settlement liabilities |
15,789
|
21,495
|
Due to the Company |
3,716
|
3,354
|
Accumulated other comprehensive income |
(17,276)
|
(17,192)
|
Noncontrolling interests |
8,103
|
6,267
|
Total liabilities and noncontrolling interests |
521,778
|
510,810
|
Variable Interest Entity, Primary Beneficiary [Member] |
|
|
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items] |
|
|
Cash and equivalents |
2,394
|
1,596
|
Restricted cash |
4,934
|
7,848
|
Trade accounts receivable, net |
90
|
62
|
Disbursement prefunding |
1,056
|
585
|
Prepaid expenses |
323
|
197
|
Other current assets |
255
|
317
|
Property, plant, and equipment, net |
166
|
272
|
Other intangibles, net |
661
|
737
|
Total assets |
9,879
|
11,614
|
Trade accounts payable |
11
|
|
Accrued expenses |
334
|
70
|
Settlement liabilities |
5,336
|
7,573
|
Accumulated other comprehensive income |
37
|
21
|
Noncontrolling interests |
3,898
|
3,924
|
Total liabilities and noncontrolling interests |
9,879
|
11,614
|
Variable Interest Entity, Primary Beneficiary [Member] | Related Party [Member] |
|
|
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items] |
|
|
Due to the Company |
$ 263
|
$ 26
|
X |
- DefinitionCarrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 852 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481372/852-10-55-10
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(a)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1
+ Details
Name: |
us-gaap_AccountsPayableCurrent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionCarrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.20) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1
+ Details
Name: |
us-gaap_AccruedLiabilitiesCurrent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionAmount, after tax, of accumulated increase (decrease) in equity from transaction and other event and circumstance from nonowner source.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -Publisher FASB -URI https://asc.fasb.org//1943274/2147482790/220-10-45-14A
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482790/220-10-45-11
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 40 -Name Accounting Standards Codification -Section 65 -Paragraph 2 -Subparagraph (g)(2)(ii) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480016/944-40-65-2
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 40 -Name Accounting Standards Codification -Section 65 -Paragraph 2 -Subparagraph (h)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480016/944-40-65-2
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(30)(a)(4)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(23)(a)(3)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479440/944-210-S99-1
Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482790/220-10-45-14
+ Details
Name: |
us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionSum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (bb) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481203/810-10-50-3
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 25 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481231/810-10-45-25
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(g)(1)(ii)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481687/323-10-50-3
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 28 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482907/825-10-50-28
Reference 6: http://www.xbrl.org/2003/role/exampleRef -Topic 852 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481372/852-10-55-10
Reference 7: http://www.xbrl.org/2003/role/exampleRef -Topic 946 -SubTopic 830 -Name Accounting Standards Codification -Section 55 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480167/946-830-55-12
Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(12)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479440/944-210-S99-1
Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22
Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-04(8)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479617/946-210-S99-1
Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(18)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1
Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(i)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A
Reference 13: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(ii)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A
Reference 14: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(iii)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A
Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(iii)(A)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A
Reference 16: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(iv)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A
Reference 17: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(5)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A
Reference 18: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(i)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B
Reference 19: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iii)(A)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B
Reference 20: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iii)(B)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B
Reference 21: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iv)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B
Reference 22: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(5)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B
Reference 23: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 852 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481404/852-10-50-7
Reference 24: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 30 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30
Reference 25: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32
Reference 26: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(11)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479853/942-210-S99-1
+ Details
Name: |
us-gaap_Assets |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionAmount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(1)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1
Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483467/210-10-45-1
Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482740/230-10-45-4
+ Details
Name: |
us-gaap_CashAndCashEquivalentsAtCarryingValue |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionLine items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
+ References
+ Details
Name: |
us-gaap_ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestEffectsOfChangesNetLineItems |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAmount of liabilities and equity items, including the portion of equity attributable to noncontrolling interests, if any.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 852 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481372/852-10-55-10
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(25)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479440/944-210-S99-1
Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(g)(1)(ii)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1
Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481687/323-10-50-3
Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 28 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482907/825-10-50-28
Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(23)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479853/942-210-S99-1
Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(32)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1
+ Details
Name: |
us-gaap_LiabilitiesAndStockholdersEquity |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionAmount of equity (deficit) attributable to noncontrolling interest. Excludes temporary equity.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(g)(1)(ii)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481687/323-10-50-3
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 28 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482907/825-10-50-28
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(24)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479440/944-210-S99-1
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-04(19)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479617/946-210-S99-1
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(i)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A
Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(4)(iv)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A
Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1A -Subparagraph (SX 210.13-01(a)(5)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A
Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(i)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B
Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(4)(iv)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B
Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1B -Subparagraph (SX 210.13-02(a)(5)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B
Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(22)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479853/942-210-S99-1
Reference 13: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.31) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1
+ Details
Name: |
us-gaap_MinorityInterest |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionAmount of current assets classified as other.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 852 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481372/852-10-55-10
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(8)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1
+ Details
Name: |
us-gaap_OtherAssetsCurrent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionAmount after accumulated amortization of finite-lived and indefinite-lived intangible assets classified as other.
+ References
+ Details
Name: |
us-gaap_OtherIntangibleAssetsNet |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionAmount of liabilities classified as other, due after one year or the normal operating cycle, if longer.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.24) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1
+ Details
Name: |
us-gaap_OtherLiabilitiesNoncurrent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionAmount of asset related to consideration paid in advance for costs that provide economic benefits within a future period of one year or the normal operating cycle, if longer.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Subparagraph (g) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483467/210-10-45-1
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(7)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 340 -SubTopic 10 -Name Accounting Standards Codification -Section 05 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482955/340-10-05-5
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 340 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483032/340-10-45-1
+ Details
Name: |
us-gaap_PrepaidExpenseCurrent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionAmount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 360 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482099/360-10-50-1
Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 852 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481372/852-10-55-10
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(8)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479440/944-210-S99-1
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 360 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480842/942-360-50-1
+ Details
Name: |
us-gaap_PropertyPlantAndEquipmentNet |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionThe total amount due to the entity within one year of the balance sheet date (or one operating cycle, if longer) from outside sources, including trade accounts receivable, notes and loans receivable, as well as any other types of receivables, net of allowances established for the purpose of reducing such receivables to an amount that approximates their net realizable value.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 852 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481372/852-10-55-10
+ Details
Name: |
us-gaap_ReceivablesNetCurrent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionAmount of cash restricted as to withdrawal or usage, classified as current. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits.
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(1)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1
Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482913/230-10-50-8
+ Details
Name: |
us-gaap_RestrictedCashCurrent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionAmounts payable for money transfers, money orders, and consumer payment service arrangements. Settlement liabilities include amounts payable to intermediaries for global payment transfers.
+ References
+ Details
Name: |
us-gaap_SettlementLiabilitiesCurrent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- Details
Name: |
srt_ConsolidatedEntitiesAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
v3.24.0.1
Schedule of Other Operating (Expense) Gain, Net (Details) - USD ($) $ in Thousands |
3 Months Ended |
6 Months Ended |
Jan. 31, 2024 |
Jan. 31, 2023 |
Jan. 31, 2024 |
Jan. 31, 2023 |
Restructuring Cost and Reserve [Line Items] |
|
|
|
|
Corporate—Straight Path Communications Inc. class action legal fees |
$ (2,552)
|
$ (1,597)
|
$ (2,764)
|
$ (4,109)
|
Corporate—Straight Path Communications Inc. class action insurance claims |
2,186
|
1,263
|
2,869
|
2,988
|
Corporate—other |
|
|
12
|
|
Fintech— government grants |
|
349
|
|
382
|
net2phone—write-off of contingent consideration liability |
73
|
|
73
|
|
Traditional Communications— cable telephony customer indemnification claim |
|
(1)
|
|
(12)
|
Traditional Communications—other |
(1)
|
3
|
|
2
|
Total other operating (expense) gain, net |
(294)
|
17
|
190
|
816
|
Fintech [Member] |
|
|
|
|
Restructuring Cost and Reserve [Line Items] |
|
|
|
|
Fintech—write-off of contingent consideration liability |
|
|
|
$ 1,565
|
X |
- DefinitionWrite-off of contingent consideration liability.
+ References
+ Details
Name: |
IDT_BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability2 |
Namespace Prefix: |
IDT_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionFintech—government grants.
+ References
+ Details
Name: |
IDT_FintechgovernmentGrants |
Namespace Prefix: |
IDT_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionTraditional Communications—cable telephony customer indemnification claim.
+ References
+ Details
Name: |
IDT_TraditionalCommunicationsCableTelephonyCustomerIndemnificationClaim |
Namespace Prefix: |
IDT_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionTraditional communications other.
+ References
+ Details
Name: |
IDT_TraditionalCommunicationsOther |
Namespace Prefix: |
IDT_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionAmount of increase (decrease) in the value of a contingent consideration liability, including, but not limited to, differences arising upon settlement.
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 28 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482740/230-10-45-28
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 805 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Subparagraph (a)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479581/805-30-50-4
+ Details
Name: |
us-gaap_BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1 |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionThe amount of expense provided in the period for legal costs incurred on or before the balance sheet date pertaining to resolved, pending or threatened litigation, including arbitration and mediation proceedings.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.3) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2
+ Details
Name: |
us-gaap_LegalFees |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionThe net amount of other operating income and expenses, the components of which are not separately disclosed on the income statement, from items that are associated with the entity's normal revenue producing operations.
+ References
+ Details
Name: |
us-gaap_OtherOperatingIncomeExpenseNet |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionLine items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482017/420-10-50-1
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482017/420-10-50-1
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482017/420-10-50-1
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4(b)(2)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479823/420-10-S99-2
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4(b)(1)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479823/420-10-S99-2
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4(d)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479823/420-10-S99-2
Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482017/420-10-50-1
+ Details
Name: |
us-gaap_RestructuringCostAndReserveLineItems |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAmount of insurance proceeds for an event or transaction that is unusual in nature or infrequent in occurrence, or both.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483613/220-20-50-1
+ Details
Name: |
us-gaap_UnusualOrInfrequentItemInsuranceProceeds |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- Details
Name: |
us-gaap_BusinessAcquisitionAxis=IDT_FintechMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
v3.24.0.1
X |
- DefinitionTraditional Communications—cable telephony customer indemnification claim.
+ References
+ Details
Name: |
IDT_TraditionalCommunicationsCableTelephonyCustomerIndemnificationClaim |
Namespace Prefix: |
IDT_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionLine items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 808 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479402/808-10-50-1
+ Details
Name: |
us-gaap_CollaborativeArrangementsAndNoncollaborativeArrangementTransactionsLineItems |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Details
Name: |
us-gaap_TypeOfArrangementAxis=IDT_IndemnificationAgreementMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
v3.24.0.1
Revolving Credit Facility (Details Narrative) - USD ($)
|
6 Months Ended |
|
|
Jan. 31, 2024 |
Jan. 31, 2023 |
Jul. 31, 2023 |
May 17, 2021 |
Line of Credit Facility [Line Items] |
|
|
|
|
Proceeds from lines of credit |
$ 30,588,000
|
$ 2,383,000
|
|
|
Repayment of lines of credit |
30,588,000
|
2,383,000
|
|
|
IDT Telecom [Member] |
|
|
|
|
Line of Credit Facility [Line Items] |
|
|
|
|
Outstanding line of credit |
0
|
|
$ 0
|
|
Proceeds from lines of credit |
30,600,000
|
2,400,000
|
|
|
Repayment of lines of credit |
$ 30,600,000
|
$ 2,400,000
|
|
|
Revolving Credit Facility [Member] | TD Bank [Member] |
|
|
|
|
Line of Credit Facility [Line Items] |
|
|
|
|
Line of credit facility, maximum borrowing capacity |
|
|
|
$ 25,000,000.0
|
Credit facility, description |
The revolving credit facility is secured by primarily all of IDT Telecom’s assets. The principal outstanding
bears interest per annum at the secured overnight financing rate published by the Federal Reserve Bank of New York plus 10 basis points,
plus depending upon IDT Telecom’s leverage ratio as computed for the most recent fiscal quarter, 125 to 175 basis points. Interest
is payable monthly, and all outstanding principal and any accrued and unpaid interest is due on May 16, 2026. IDT Telecom pays a quarterly
unused commitment fee on the average daily balance of the unused portion of the $25.0 million commitment of 30 to 85 basis points, depending
upon IDT Telecom’s leverage ratio as computed for the most recent fiscal quarter.
|
|
|
|
Debt instrument maturity date |
May 16, 2026
|
|
|
|
Revolving credit, unused portion amount |
|
|
|
$ 25,000,000.0
|
X |
- DefinitionDate when the debt instrument is scheduled to be fully repaid, in YYYY-MM-DD format.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1B -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B
Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (bbb)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22(a)(2)) -SubTopic 10 -Topic 210 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1
+ Details
Name: |
us-gaap_DebtInstrumentMaturityDate |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:dateItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -SubTopic 10 -Topic 210 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1
Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(16)(a)(2)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479440/944-210-S99-1
Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(16)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479853/942-210-S99-1
+ Details
Name: |
us-gaap_LineOfCredit |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionDescription of the terms of a credit facility arrangement. Terms typically include interest rate, collateral required, guarantees required, repayment requirements, and restrictions on use of assets and activities of the entity.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1
+ Details
Name: |
us-gaap_LineOfCreditFacilityDescription |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionLine items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(f)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1
+ Details
Name: |
us-gaap_LineOfCreditFacilityLineItems |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionMaximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1
+ Details
Name: |
us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionAmount of borrowing capacity currently available under the credit facility (current borrowing capacity less the amount of borrowings outstanding).
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1
+ Details
Name: |
us-gaap_LineOfCreditFacilityRemainingBorrowingCapacity |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionAmount of cash inflow from contractual arrangement with the lender, including but not limited to, letter of credit, standby letter of credit and revolving credit arrangements.
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(f)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 14 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482740/230-10-45-14
+ Details
Name: |
us-gaap_ProceedsFromLinesOfCredit |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionAmount of cash outflow for payment of an obligation from a lender, including but not limited to, letter of credit, standby letter of credit and revolving credit arrangements.
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(f)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 15 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482740/230-10-45-15
+ Details
Name: |
us-gaap_RepaymentsOfLinesOfCredit |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- Details
Name: |
dei_LegalEntityAxis=IDT_IDTTelecomMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_CreditFacilityAxis=us-gaap_RevolvingCreditFacilityMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_LineOfCreditFacilityAxis=IDT_TDBankMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
v3.24.0.1
Equity (Details Narrative) - USD ($)
|
|
|
|
|
1 Months Ended |
3 Months Ended |
6 Months Ended |
Mar. 31, 2024 |
Feb. 21, 2024 |
Dec. 21, 2023 |
Dec. 13, 2023 |
Jan. 31, 2024 |
Jan. 31, 2024 |
Jan. 31, 2023 |
Jan. 31, 2024 |
Jan. 31, 2023 |
Class of Stock [Line Items] |
|
|
|
|
|
|
|
|
|
|
Received cash from exercise of stock options |
|
|
|
|
|
|
|
|
$ 172,000
|
$ 172,000
|
Stock repurchase program, remaining number of shares authorized to be repurchased |
|
|
|
|
|
4,600,000
|
4,600,000
|
|
4,600,000
|
|
Stock based compensation expense |
[1] |
|
|
|
|
|
$ 2,487,000
|
$ 1,286,000
|
$ 3,258,000
|
1,858,000
|
Exchange of outstanding shares percentage |
|
|
|
|
|
125.00%
|
|
|
|
|
Exchange of NRS shares for Class B common stock |
|
|
|
|
|
|
|
|
|
|
net2phone 2.0, Inc. [Member] |
|
|
|
|
|
|
|
|
|
|
Class of Stock [Line Items] |
|
|
|
|
|
|
|
|
|
|
Restricted common stock with holding employees outstanding shares percentage |
|
|
|
|
|
4.50%
|
|
|
|
|
Amended And Restated Employment Agreement [Member] | Selling, General and Administrative Expenses [Member] |
|
|
|
|
|
|
|
|
|
|
Class of Stock [Line Items] |
|
|
|
|
|
|
|
|
|
|
Stock based compensation expense |
|
|
|
|
|
|
1,400,000
|
|
1,400,000
|
|
Amended And Restated Employment Agreement [Member] | Deferred Stock Units [Member] |
|
|
|
|
|
|
|
|
|
|
Class of Stock [Line Items] |
|
|
|
|
|
|
|
|
|
|
Total unrecognized compensation |
|
|
|
|
|
$ 400,000
|
400,000
|
|
400,000
|
|
Amended And Restated Employment Agreement [Member] | Contingent Bonus [Member] |
|
|
|
|
|
|
|
|
|
|
Class of Stock [Line Items] |
|
|
|
|
|
|
|
|
|
|
Total unrecognized compensation |
|
|
|
|
|
$ 2,000,000.0
|
$ 2,000,000.0
|
|
$ 2,000,000.0
|
|
Common Class B [Member] |
|
|
|
|
|
|
|
|
|
|
Class of Stock [Line Items] |
|
|
|
|
|
|
|
|
|
|
Exchange of outstanding shares percentage |
|
|
|
|
|
125.00%
|
|
|
|
|
Number of shares during period |
|
|
|
|
|
192,433
|
|
|
|
|
Exchange of NRS shares for Class B common stock |
|
|
|
|
|
$ 100,000
|
|
|
|
|
Common Class B [Member] | net2phone 2.0, Inc. [Member] |
|
|
|
|
|
|
|
|
|
|
Class of Stock [Line Items] |
|
|
|
|
|
|
|
|
|
|
Vested shares |
|
|
|
|
|
500,000
|
|
|
|
|
Shares granted |
|
|
|
|
|
50,000
|
|
|
|
|
Offsetting income tax withholding liability |
|
|
|
|
|
$ 3,600,000
|
|
|
|
|
Increase in non controlling interests |
|
|
|
|
|
53,000
|
|
|
|
|
Decrease in additional paid in capital |
|
|
|
|
|
$ 3,610,000
|
|
|
|
|
Common Class B [Member] | Deferred Stock Units [Member] |
|
|
|
|
|
|
|
|
|
|
Class of Stock [Line Items] |
|
|
|
|
|
|
|
|
|
|
Share-Based Compensation Arrangement by Share-Based Payment Award, Description |
|
|
|
|
|
|
|
|
The
number of shares that will be issuable on each vesting date will vary between 50% to 200% of the number of DSUs that vest on that vesting
date, depending on the market price for the underlying Class B common stock on the vesting date relative to the base price approved by
the Compensation Committee of the Company’s Board of Directors of $25.45 per share (which was based on the market price at the
time of the initial grants under this program).
|
|
Common Class B [Member] | Deferred Stock Units [Member] | Subsequent Event [Member] |
|
|
|
|
|
|
|
|
|
|
Class of Stock [Line Items] |
|
|
|
|
|
|
|
|
|
|
Vested shares |
|
|
53,706
|
|
|
|
|
|
|
|
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Number |
|
|
147,540
|
|
|
|
|
|
|
|
Common Class B [Member] | 2024 Equity Incentive Plan [Member] |
|
|
|
|
|
|
|
|
|
|
Class of Stock [Line Items] |
|
|
|
|
|
|
|
|
|
|
Number of shares, grant |
|
|
|
|
250,000
|
|
|
|
|
|
Common Class B [Member] | 2015 Stock Option and Incentive Plan [Member] |
|
|
|
|
|
|
|
|
|
|
Class of Stock [Line Items] |
|
|
|
|
|
|
|
|
|
|
Additional number of shares authorized |
|
|
|
|
250,000
|
|
|
|
|
|
Received cash from exercise of stock options |
|
|
|
|
|
|
|
|
$ 200,000
|
$ 200,000
|
Shares issued |
|
|
|
|
|
|
|
|
12,500
|
12,500
|
Common Class B [Member] | Amended And Restated Employment Agreement [Member] | Deferred Stock Units [Member] | net2phone 2.0, Inc. [Member] |
|
|
|
|
|
|
|
|
|
|
Class of Stock [Line Items] |
|
|
|
|
|
|
|
|
|
|
Shares granted |
|
|
|
50,000
|
|
|
|
|
|
|
Common Class B [Member] | Amended And Restated Employment Agreement [Member] | Bill Pereira [Member] | Deferred Stock Units [Member] |
|
|
|
|
|
|
|
|
|
|
Class of Stock [Line Items] |
|
|
|
|
|
|
|
|
|
|
Shares granted |
|
|
|
23,500
|
|
|
|
|
|
|
Class B Common Stock [Member] |
|
|
|
|
|
|
|
|
|
|
Class of Stock [Line Items] |
|
|
|
|
|
|
|
|
|
|
Aggregate repurchased shares |
|
|
|
|
|
8,000,000.0
|
8,000,000.0
|
|
8,000,000.0
|
|
Class B common stock shares repurchased |
|
|
|
|
|
|
|
|
135,261
|
203,436
|
Aggregate purchase price of shares repurchased |
|
|
|
|
|
|
|
|
$ 3,200,000
|
$ 5,000,000.0
|
Class B Common Stock [Member] | Employees [Member] |
|
|
|
|
|
|
|
|
|
|
Class of Stock [Line Items] |
|
|
|
|
|
|
|
|
|
|
Class B common stock shares repurchased |
|
|
|
|
|
|
|
|
654
|
13,403
|
Aggregate purchase price of shares repurchased |
|
|
|
|
|
|
|
|
$ 15,000
|
$ 300,000
|
Class A And Class B Common Stock[Member] | Subsequent Event [Member] |
|
|
|
|
|
|
|
|
|
|
Class of Stock [Line Items] |
|
|
|
|
|
|
|
|
|
|
Cash dividend per share |
|
$ 0.05
|
|
|
|
|
|
|
|
|
Dividend paid date |
|
Mar. 27, 2024
|
|
|
|
|
|
|
|
|
Dividend record date |
|
Mar. 19, 2024
|
|
|
|
|
|
|
|
|
|
|
X |
- DefinitionExchange of outstanding shares percentage.
+ References
+ Details
Name: |
IDT_ExchangeOfOutstandingSharesPercentage |
Namespace Prefix: |
IDT_ |
Data Type: |
dtr-types:percentItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionRestricted common stock with holding employees outstanding shares percentage.
+ References
+ Details
Name: |
IDT_RestrictedCommonStockWithholdingFromEmployeesOutstandingSharesPercentage |
Namespace Prefix: |
IDT_ |
Data Type: |
dtr-types:percentItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionExchange of NRS shares for Class B common stock.
+ References
+ Details
Name: |
IDT_StockIssuedDuringPeriodValueExchangeOfSharesForCommonStock |
Namespace Prefix: |
IDT_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionLine items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-13
Reference 2: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Topic 272 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483014/272-10-45-3
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 272 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482987/272-10-50-1
Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(d)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-13
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-13
Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-13
Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (h) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-13
Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 14 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-14
Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 18 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-18
Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(27)(b)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1
Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(28)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1
Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-2
Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(29)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1
Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.6-03(i)(2)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479886/946-10-S99-3
Reference 16: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.6-03(i)(1)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479886/946-10-S99-3
Reference 17: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.6-03(i)(2)(i)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479886/946-10-S99-3
Reference 18: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.6-03(i)(2)(ii)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479886/946-10-S99-3
+ Details
Name: |
us-gaap_ClassOfStockLineItems |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionDate the declared dividend will be paid, in YYYY-MM-DD format.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482913/230-10-50-3
+ Details
Name: |
us-gaap_DividendPayableDateToBePaidDayMonthAndYear |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:dateItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe per share amount of a dividend declared, but not paid, as of the financial reporting date.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482913/230-10-50-3
+ Details
Name: |
us-gaap_DividendsPayableAmountPerShare |
Namespace Prefix: |
us-gaap_ |
Data Type: |
dtr-types:perShareItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- DefinitionDate the holder must own the stock to be entitled to the dividend, in YYYY-MM-DD format.
+ References
+ Details
Name: |
us-gaap_DividendsPayableDateOfRecordDayMonthAndYear |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:dateItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAmount of cost not yet recognized for nonvested award under share-based payment arrangement.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (i) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2
+ Details
Name: |
us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionAmount of cash inflow from exercise of option under share-based payment arrangement.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 45 -Paragraph 14 -Subparagraph (a) -SubTopic 10 -Topic 230 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482740/230-10-45-14
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2A -Subparagraph (a) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2A
+ Details
Name: |
us-gaap_ProceedsFromStockOptionsExercised |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionAmount of noncash expense for share-based payment arrangement.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 45 -Paragraph 28 -Subparagraph (a) -SubTopic 10 -Topic 230 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482740/230-10-45-28
+ Details
Name: |
us-gaap_ShareBasedCompensation |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionDescription of terms of share-based payment arrangement. Includes, but is not limited to, type of award or grantee and reason for issuance.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-1
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2
+ Details
Name: |
us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardDescription |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe number of grants made during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan).
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2)(iii)(01) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2
+ Details
Name: |
us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe number of non-vested equity-based payment instruments, excluding stock (or unit) options, that validly exist and are outstanding as of the balance sheet date.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2)(i) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2)(ii) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2
+ Details
Name: |
us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- DefinitionThe number of equity-based payment instruments, excluding stock (or unit) options, that vested during the reporting period.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2)(iii)(02) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2
+ Details
Name: |
us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionNumber of additional shares authorized for issuance under share-based payment arrangement.
+ References
+ Details
Name: |
us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfAdditionalSharesAuthorized |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionNumber of shares authorized for issuance under share-based payment arrangement.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a)(3) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2
+ Details
Name: |
us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- DefinitionNumber of new stock issued during the period.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -SubTopic 10 -Topic 505 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-2
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 505 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481004/946-505-50-2
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.6-09(4)(b)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483575/946-220-S99-3
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.6-03(i)(1)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479886/946-10-S99-3
Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(28)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1
Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480008/505-10-S99-1
Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(29)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1
+ Details
Name: |
us-gaap_StockIssuedDuringPeriodSharesNewIssues |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionNumber of share options (or share units) exercised during the current period.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -SubTopic 10 -Topic 505 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-2
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1)(iv)(02) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2
Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(28)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1
Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480008/505-10-S99-1
Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(29)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1
+ Details
Name: |
us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe number of shares authorized to be repurchased by an entity's Board of Directors under a stock repurchase plan.
+ References
+ Details
Name: |
us-gaap_StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- DefinitionThe remaining number of shares authorized to be repurchased by an entity's Board of Directors under a stock repurchase plan.
+ References
+ Details
Name: |
us-gaap_StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
instant |
|
X |
- DefinitionNumber of shares that have been repurchased during the period and are being held in treasury.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -SubTopic 10 -Topic 505 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-2
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480008/505-10-S99-1
Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(29)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1
+ Details
Name: |
us-gaap_TreasuryStockSharesAcquired |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionEquity impact of the cost of common and preferred stock that were repurchased during the period. Recorded using the cost method.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -SubTopic 10 -Topic 505 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-2
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480008/505-10-S99-1
Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481549/505-30-45-1
+ Details
Name: |
us-gaap_TreasuryStockValueAcquiredCostMethod |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- Details
Name: |
dei_LegalEntityAxis=IDT_NetTwophoneTwoZeroIncMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_TypeOfArrangementAxis=IDT_AmendedAndRestatedEmploymentAgreementMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_IncomeStatementLocationAxis=us-gaap_SellingGeneralAndAdministrativeExpensesMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_AwardTypeAxis=IDT_DeferredStockUnitsMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_AwardTypeAxis=IDT_ContingentBonusMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_StatementClassOfStockAxis=us-gaap_CommonClassBMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_SubsequentEventTypeAxis=us-gaap_SubsequentEventMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_TypeOfArrangementAxis=IDT_TwoThousandTwentyFourEquityIncentivePlanMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_TypeOfArrangementAxis=IDT_TwoThousandFifteenStockOptionAndIncentivePlanMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
srt_TitleOfIndividualAxis=IDT_BillPereiraMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_StatementClassOfStockAxis=IDT_ClassBCommonStockMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
srt_TitleOfIndividualAxis=IDT_EmployeesMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_StatementClassOfStockAxis=IDT_CommonClassAandBMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
v3.24.0.1
X |
- DefinitionLine items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
+ References
+ Details
Name: |
us-gaap_MinorityInterestLineItems |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAmount of Net Income (Loss) attributable to redeemable noncontrolling interest.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.19) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2
+ Details
Name: |
us-gaap_NetIncomeLossAttributableToRedeemableNoncontrollingInterest |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- Details
Name: |
us-gaap_StatementClassOfStockAxis=us-gaap_CommonClassBMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
dei_LegalEntityAxis=IDT_NationalRetailSolutionsMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
v3.24.0.1
X |
- DefinitionSale of stock percentage of subsidiary equity issued in transaction.
+ References
+ Details
Name: |
IDT_SaleOfStockPercentageOfSubsidiaryEquityIssuedInTransaction |
Namespace Prefix: |
IDT_ |
Data Type: |
dtr-types:percentItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionLine items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
+ References
+ Details
Name: |
us-gaap_MinorityInterestLineItems |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionCash received on stock transaction after deduction of issuance costs.
+ References
+ Details
Name: |
us-gaap_SaleOfStockConsiderationReceivedOnTransaction |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- Details
Name: |
us-gaap_StatementClassOfStockAxis=us-gaap_CommonClassBMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
dei_LegalEntityAxis=IDT_NationalRetailSolutionsMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
v3.24.0.1
Schedule of Weighted-average Number of Shares Used in the Calculation of Basic and Diluted Earnings Per Share (Details) - shares shares in Thousands |
3 Months Ended |
6 Months Ended |
Jan. 31, 2024 |
Jan. 31, 2023 |
Jan. 31, 2024 |
Jan. 31, 2023 |
Earnings per share attributable to IDT Corporation common stockholders: |
|
|
|
|
Basic weighted-average number of shares |
25,175
|
25,510
|
25,176
|
25,556
|
Stock options |
|
9
|
1
|
11
|
Non-vested restricted Class B common stock |
142
|
19
|
120
|
10
|
Diluted weighted-average number of shares |
25,317
|
25,538
|
25,297
|
25,577
|
X |
- References
+ Details
Name: |
us-gaap_EarningsPerShareAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAdditional shares included in the calculation of diluted EPS as a result of the potentially dilutive effect of call options and warrants using the treasury stock method.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482689/260-10-45-22
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 23 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482689/260-10-45-23
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482689/260-10-45-26
+ Details
Name: |
us-gaap_IncrementalCommonSharesAttributableToCallOptionsAndWarrants |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionNumber of additional shares included in diluted EPS for potentially dilutive effect of nonvested equity-based payment award containing forfeitable rights to dividends or dividend equivalents, whether paid or unpaid.
+ ReferencesReference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1
Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482689/260-10-45-22
Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 23 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482689/260-10-45-23
Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 28A -Publisher FASB -URI https://asc.fasb.org//1943274/2147482689/260-10-45-28A
Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 68B -Publisher FASB -URI https://asc.fasb.org//1943274/2147482689/260-10-45-68B
+ Details
Name: |
us-gaap_IncrementalCommonSharesAttributableToNonvestedSharesWithForfeitableDividends |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 16 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482689/260-10-45-16
+ Details
Name: |
us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionNumber of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482689/260-10-45-10
+ Details
Name: |
us-gaap_WeightedAverageNumberOfSharesOutstandingBasic |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:sharesItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.24.0.1
Schedule of Accumulated Balances for Each Classification of Other Comprehensive Income Income (Loss) (Details) - USD ($) $ in Thousands |
3 Months Ended |
6 Months Ended |
Jan. 31, 2024 |
Jan. 31, 2023 |
Jan. 31, 2024 |
Jan. 31, 2023 |
Accumulated Other Comprehensive Income (Loss) [Line Items] |
|
|
|
|
Accumulated Other Comprehensive Income (Loss), Net of Tax |
|
|
$ (17,192)
|
|
Other Comprehensive Income (Loss), Net of Tax |
$ (649)
|
$ (2,039)
|
(84)
|
$ (2,406)
|
Ending balance |
(17,276)
|
|
(17,276)
|
|
AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-Sale, Parent [Member] |
|
|
|
|
Accumulated Other Comprehensive Income (Loss) [Line Items] |
|
|
|
|
Accumulated Other Comprehensive Income (Loss), Net of Tax |
|
|
(645)
|
|
Other Comprehensive Income (Loss), Net of Tax |
|
|
204
|
|
Ending balance |
(441)
|
|
(441)
|
|
Accumulated Foreign Currency Adjustment Attributable to Parent [Member] |
|
|
|
|
Accumulated Other Comprehensive Income (Loss) [Line Items] |
|
|
|
|
Accumulated Other Comprehensive Income (Loss), Net of Tax |
|
|
(16,547)
|
|
Other Comprehensive Income (Loss), Net of Tax |
|
|
(288)
|
|
Ending balance |
$ (16,835)
|
|
$ (16,835)
|
|
X |
- DefinitionLine items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482765/220-10-50-4
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482765/220-10-50-5
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481674/830-30-50-1
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 17 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481694/830-30-45-17
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 20 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481694/830-30-45-20
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 20 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481694/830-30-45-20
Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 20 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481694/830-30-45-20
Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 20 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481694/830-30-45-20
+ Details
Name: |
us-gaap_AccumulatedOtherComprehensiveIncomeLossLineItems |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAmount, after tax, of accumulated increase (decrease) in equity from transaction and other event and circumstance from nonowner source.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -Publisher FASB -URI https://asc.fasb.org//1943274/2147482790/220-10-45-14A
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482790/220-10-45-11
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 40 -Name Accounting Standards Codification -Section 65 -Paragraph 2 -Subparagraph (g)(2)(ii) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480016/944-40-65-2
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 40 -Name Accounting Standards Codification -Section 65 -Paragraph 2 -Subparagraph (h)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480016/944-40-65-2
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(30)(a)(4)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1
Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(23)(a)(3)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479440/944-210-S99-1
Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482790/220-10-45-14
+ Details
Name: |
us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionAmount after tax and reclassification adjustments of other comprehensive income (loss).
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -SubTopic 10 -Topic 505 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-2
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481674/830-30-50-1
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 17 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481694/830-30-45-17
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(19)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483586/944-220-S99-1
Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482765/220-10-50-4
Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482765/220-10-50-5
Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 20 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481694/830-30-45-20
Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(21)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2
Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(23)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1
Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 1B -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482790/220-10-45-1B
Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 55 -Paragraph 15 -SubTopic 10 -Topic 220 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482739/220-10-55-15
Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 1A -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482790/220-10-45-1A
+ Details
Name: |
us-gaap_OtherComprehensiveIncomeLossNetOfTax |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- Details
Name: |
us-gaap_StatementEquityComponentsAxis=us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_StatementEquityComponentsAxis=us-gaap_AccumulatedTranslationAdjustmentMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
v3.24.0.1
X |
- DefinitionCarrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities.
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.15(5)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479853/942-210-S99-1
+ Details
Name: |
us-gaap_AccruedLiabilitiesCurrentAndNoncurrent |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionReflects the estimated amount of loss from the specified contingency as of the balance sheet date.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 460 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482425/460-10-50-3
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 450 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483076/450-20-50-4
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 450 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483076/450-20-50-9
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 460 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482425/460-10-50-2
+ Details
Name: |
us-gaap_LossContingencyEstimateOfPossibleLoss |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionLine items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 450 -SubTopic 20 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SAB Topic 5.Y.Q2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480102/450-20-S99-1
Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 450 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483076/450-20-50-1
Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 450 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483076/450-20-50-4
Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 450 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483076/450-20-50-9
+ Details
Name: |
us-gaap_ProductLiabilityContingencyLineItems |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionMinimum amount of purchase arrangement in which the entity has agreed to expend funds to procure goods or services from a supplier.
+ References
+ Details
Name: |
us-gaap_PurchaseObligation |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- Details
Name: |
srt_ProductOrServiceAxis=IDT_FederalTelecommunicationsRelayServicesFundMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
v3.24.0.1
Schedule of Other Income (Expense), Net (Details) - USD ($) $ in Thousands |
3 Months Ended |
6 Months Ended |
Jan. 31, 2024 |
Jan. 31, 2023 |
Jan. 31, 2024 |
Jan. 31, 2023 |
Other Income and Expenses [Abstract] |
|
|
|
|
Foreign currency transaction gains (losses) |
$ 2,510
|
$ 2,480
|
$ (989)
|
$ 1,451
|
Equity in net loss of investee |
(848)
|
(723)
|
(1,861)
|
(1,375)
|
Gains (losses) on investments, net |
715
|
(228)
|
(202)
|
(2,169)
|
Other |
157
|
84
|
(1)
|
(136)
|
Total other income (expense), net |
$ 2,534
|
$ 1,613
|
$ (3,053)
|
$ (2,229)
|
X |
- DefinitionAmount, before tax, of realized gain (loss) from foreign currency transaction.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 946 -SubTopic 830 -Name Accounting Standards Codification -Section 55 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480167/946-830-55-10
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section 45 -Paragraph 6 -Subparagraph (a)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483581/946-220-45-6
Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-07(7)(a)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483575/946-220-S99-1
Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 830 -SubTopic 20 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481956/830-20-45-1
Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 830 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481926/830-20-50-1
+ Details
Name: |
us-gaap_ForeignCurrencyTransactionGainLossRealized |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionAmount of realized and unrealized gain (loss) on investment.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 28 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482740/230-10-45-28
Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.7(c),9(a)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2
+ Details
Name: |
us-gaap_GainLossOnInvestments |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionAmount of income (loss) for proportionate share of equity method investee's income (loss).
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 45 -Paragraph 28 -Subparagraph (b) -SubTopic 10 -Topic 230 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482740/230-10-45-28
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(10)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483586/944-220-S99-1
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481664/323-10-45-1
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Subparagraph (g) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22
Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(12)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2
Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(13)(f)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1
+ Details
Name: |
us-gaap_IncomeLossFromEquityMethodInvestments |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionThe aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business).
+ ReferencesReference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.7) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2
+ Details
Name: |
us-gaap_NonoperatingIncomeExpense |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionAmount of revenue and income classified as other.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 320 -Name Accounting Standards Codification -Section S99 -Paragraph 6 -Subparagraph (SX 210.12-14(Column E)(2)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480032/946-320-S99-6
Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 320 -Name Accounting Standards Codification -Section S99 -Paragraph 6 -Subparagraph (SX 210.12-14(Column E)(Footnote 4)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480032/946-320-S99-6
Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 320 -Name Accounting Standards Codification -Section S99 -Paragraph 6 -Subparagraph (SX 210.12-14(Column E)(Footnote 6)(b)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480032/946-320-S99-6
Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(4)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483586/944-220-S99-1
Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-07(1)(c)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483575/946-220-S99-1
+ Details
Name: |
us-gaap_OtherIncome |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_OtherIncomeAndExpensesAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
v3.24.0.1
IDT (NYSE:IDT)
Gráfico Histórico do Ativo
De Mai 2024 até Jun 2024
IDT (NYSE:IDT)
Gráfico Histórico do Ativo
De Jun 2023 até Jun 2024