Other Operating Gains (Losses), Net

9 Months Ended

Apr. 30, 2013

Other Operating Gains (Losses), Net [Abstract]

Other Operating Gains (Losses), Net

Note 3—Other Operating Gains (Losses), Net

The following table summarizes the other operating gains (losses), net by business segment:

	Three Months Ended April 30,					Nine Months Ended April 30,
	2013		2012			2013		2012
	(in thousands)
Telecom Platform Services-gains (losses) related to legal matters, net (see Note 9)	$	9,601	$	(6,468	)	$	9,251	$	(6,698	)
Telecom Platform Services-gain on settlement of claim (a)		—		—			—		1,750
Telecom Platform Services-loss on settlement of litigation (b)		—		—			—		(11,022	)
All Other-gain on settlement of claim		—		—			150		—
All Other-gain on sale of rights in wireless spectrum licenses (c)		—		5,330			—		5,330
Corporate-other		—		—			—		100
Total	$	9,601	$	(1,138	)	$	9,401	$	(10,540	)

(a) On January 17, 2012, the Company received $1.8 million from Broadstripe, LLC in settlement of the Company’s claim stemming from Broadstripe, LLC’s rejection of its telephony services agreements with the Company upon the confirmation of Broadstripe, LLC’s bankruptcy plan and closing of its bankruptcy sale.

(b) On October 12, 2011, the Company entered into a binding term sheet with T-Mobile USA, Inc. (“T-Mobile”) to settle litigation related to an alleged breach of a wholesale supply agreement. In consideration of the settlement of all disputes between the parties, on October 13, 2011, the Company paid T-Mobile $10 million. The Company incurred legal fees of $1.0 million in connection with this matter.

(c) In March and April 2012, the Company’s subsidiary Straight Path Spectrum closed on the sale of rights in spectrum partitioned and/or disaggregated from eight of its spectrum licenses covering metropolitan areas from its nationwide portfolio. The Company received cash of $6.8 million in exchange for the rights in the licenses and recorded a gain of $5.3 million on the sale.