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Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jan. 31, 2012
Jan. 31, 2011
Jan. 31, 2012
Jan. 31, 2011
Revenues $ 365,449 $ 340,867 $ 742,226 $ 650,634
Direct cost of revenues (exclusive of depreciation and amortization) (306,365) (282,746) (625,717) (535,138)
Gross profit 59,084 58,121 116,509 115,496
Operating expenses:        
Selling, general and administrative (i) 51,552 50,339 103,335 99,490
Depreciation and amortization 4,231 5,504 8,673 11,183
Research and development 1,119 277 2,129 1,002
Severance and other charges 0 1,053 0 1,053
Total operating expenses 56,902 57,173 114,137 112,728
Other operating gains (loss), net 1,850 4,869 (9,402) 7,389
Income (loss) from operations 4,032 5,817 (7,030) 10,157
Interest expense, net (1,350) (978) (1,828) (2,219)
Other (expense) income, net (429) (1,108) (240) 4,914
Income (loss) from continuing operations before income taxes 2,253 3,731 (9,098) 12,852
Benefit from income taxes 676 592 3,939 4,644
Income (loss) from continuing operations 2,929 4,323 (5,159) 17,496
Discontinued operations, net of tax:        
(Loss) income from discontinued operations 0 (1,133) 1,015 1,533
Income on sale of discontinued operations 0 0 2,000 0
Total discontinued operations 0 (1,133) 3,015 1,533
Net income (loss) 2,929 3,190 (2,144) 19,029
Net loss (income) attributable to noncontrolling interests (273) 746 474 555
Net income (loss) attributable to IDT Corporation 2,656 3,936 (1,670) 19,584
Amounts attributable to IDT Corporation common stockholders:        
Income (loss) from continuing operations 2,656 4,030 (5,580) 16,988
(Loss) income from discontinued operations 0 (94) 3,910 2,596
Net income (loss) 2,656 3,936 (1,670) 19,584
Basic:        
Income (loss) from continuing operations $ 0.13 $ 0.19 $ (0.27) $ 0.83
Income from discontinued operations $ 0 $ 0 $ 0.19 $ 0.12
Net income (loss) $ 0.13 $ 0.19 $ (0.08) $ 0.95
Weighted-average number of shares used in calculation of basic earnings per share 20,492 20,565 20,429 20,554
Diluted:        
Income (loss) from continuing operations $ 0.12 $ 0.18 $ (0.27) $ 0.76
Income from discontinued operations $ 0 $ 0 $ 0.19 $ 0.11
Net income (loss) $ 0.12 $ 0.18 $ (0.08) $ 0.87
Weighted-average number of shares used in calculation of diluted earnings per share 21,811 22,460 20,429 22,419
Dividends declared per common share $ 0.13 $ 0.44 $ 0.36 $ 0.44
(i) Stock-based compensation included in selling, general and administrative expenses $ 932 $ 1,332 $ 1,616 $ 1,676