XML 49 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Income (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Apr. 30, 2014
Apr. 30, 2013
Apr. 30, 2014
Apr. 30, 2013
Consolidated Statements of Income [Abstract]        
Revenues $ 403,761 $ 396,935 $ 1,230,855 $ 1,208,509
Costs and expenses:        
Direct cost of revenues (exclusive of depreciation and amortization) 332,376 331,163 1,017,954 1,010,900
Selling, general and administrative (i) 55,548 [1] 53,997 [1] 170,588 [1] 162,945 [1]
Depreciation and amortization 4,153 3,972 12,108 10,972
Research and development 2,514 1,717 7,387 4,918
Total costs and expenses 394,591 390,849 1,208,037 1,189,735
Other operating gains, net    9,601 1,209 9,251
Income from operations 9,170 15,687 24,027 28,025
Interest expense, net (135) (446) (55) (798)
Other income (expense), net 159 2,433 (3,455) 5,133
Income from continuing operations before income taxes 9,194 17,674 20,517 32,360
Provision for income taxes (3,595) (7,592) (7,895) (12,751)
Income from continuing operations 5,599 10,082 12,622 19,609
Loss from discontinued operations, net of tax    (958)    (2,822)
Net income 5,599 9,124 12,622 16,787
Net income attributable to noncontrolling interests (582) (433) (1,548) (1,529)
Net income attributable to IDT Corporation 5,017 8,691 11,074 15,258
Amounts attributable to IDT Corporation common stockholders:        
Income from continuing operations 5,017 9,623 11,074 17,974
Loss from discontinued operations    (932)    (2,716)
Net income attributable to IDT Corporation 5,017 8,691 11,074 15,258
Basic:        
Income from continuing operations $ 0.22 $ 0.46 $ 0.51 $ 0.86
Loss from discontinued operations    $ (0.04)    $ (0.13)
Net income $ 0.22 $ 0.42 $ 0.51 $ 0.73
Weighted-average number of shares used in calculation of basic earnings per share 22,680 20,905 21,763 20,847
Diluted:        
Income from continuing operations $ 0.22 $ 0.43 $ 0.48 $ 0.81
Loss from discontinued operations    $ (0.04)    $ (0.12)
Net income $ 0.22 $ 0.39 $ 0.48 $ 0.69
Weighted-average number of shares used in calculation of diluted earnings per share 23,023 22,360 22,893 22,178
Dividends declared per common share $ 0.17    $ 0.34 $ 0.75
(i) Stock-based compensation included in selling, general and administrative expenses $ 793 $ 1,523 $ 4,920 $ 4,340
[1] Stock-based compensation included in selling, general and administrative expenses