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Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Apr. 30, 2012
Apr. 30, 2011
Apr. 30, 2012
Apr. 30, 2011
Revenues $ 379,719 $ 340,188 $ 1,121,945 $ 990,822
Direct cost of revenues (exclusive of depreciation and amortization) (319,811) (282,598) (945,528) (817,736)
Gross profit 59,908 57,590 176,417 173,086
Operating expenses:        
Selling, general and administrative (i) 51,254 51,068 154,589 150,558
Depreciation and amortization 4,163 5,239 12,836 16,422
Research and development 1,191 964 3,320 1,966
Severance and other charges 0 0 0 1,053
Total operating expenses 56,608 57,271 170,745 169,999
Other operating (losses) gains, net (1,138) 0 (10,540) 7,389
Income (loss) from operations 2,162 319 (4,868) 10,476
Interest expense, net (434) (895) (2,262) (3,114)
Other (expense) income, net (564) 233 (804) 5,147
Income (loss) from continuing operations before income taxes 1,164 (343) (7,934) 12,509
Benefit from income taxes 2,285 5,501 6,224 10,145
Income (loss) from continuing operations 3,449 5,158 (1,710) 22,654
Discontinued operations, net of tax:        
Income from discontinued operations 0 664 1,015 2,197
Income on sale of discontinued operations 0 0 2,000 0
Total discontinued operations 0 664 3,015 2,197
Net income 3,449 5,822 1,305 24,851
Net (income) loss attributable to noncontrolling interests (460) 1,179 14 1,734
Net income attributable to IDT Corporation 2,989 7,001 1,319 26,585
Amounts attributable to IDT Corporation common stockholders:        
Income (loss) from continuing operations 2,989 5,090 (2,591) 22,078
Income from discontinued operations 0 1,911 3,910 4,507
Net income attributable to IDT Corporation 2,989 7,001 1,319 26,585
Basic:        
Income (loss) from continuing operations $ 0.14 $ 0.25 $ (0.13) $ 1.07
Income from discontinued operations $ 0 $ 0.09 $ 0.19 $ 0.22
Net income $ 0.14 $ 0.34 $ 0.06 $ 1.29
Weighted-average number of shares used in calculation of basic earnings per share 21,041 20,627 20,633 20,578
Diluted:        
Income (loss) from continuing operations $ 0.14 $ 0.23 $ (0.13) $ 0.98
Income from discontinued operations $ 0 $ 0.08 $ 0.19 $ 0.20
Net income $ 0.14 $ 0.31 $ 0.06 $ 1.18
Weighted-average number of shares used in calculation of diluted earnings per share 22,084 22,585 20,633 22,474
Dividends declared per common share $ 0.15 $ 0 $ 0.51 $ 0.44
(i) Stock-based compensation included in selling, general and administrative expenses $ 1,007 $ 1,641 $ 2,623 $ 3,317