IDT Financial Services Ltd. Recent Transactions	6 Months Ended
Jan. 31, 2016
IDT Financial Services Ltd. Recent Transactions [Abstract]
IDT Financial Services Ltd. Recent Transactions	Note 15—IDT Financial Services Ltd. Recent Transactions In December 2015, MasterCard Europe released IDT Financial Services Ltd.’s security deposit. IDT Financial Services Ltd. received cash of $4.7 million from MasterCard Europe. At July 31, 2015, this security deposit was included in “Other assets” in the accompanying consolidated balance sheet. On November 2, 2015, Visa Inc. entered into an agreement to acquire Visa Europe Limited subject to regulatory approvals. IDT Financial Services Ltd. is a member of Visa Europe and, if the transaction is consummated, will receive part of the consideration from the intended acquisition. Visa Inc. will pay for the acquisition in two tranches. The first tranche will include cash and preferred stock convertible into Visa Inc. Class A common stock. Visa Europe estimated that IDT Financial Services Ltd. will receive, subject to adjustment, €4.7 million ($5.1 million at January 31, 2016) in cash and €1.6 million ($1.8 million at January 31, 2016) in Visa Inc. preferred stock. The first tranche is expected to be paid during the second quarter of calendar 2016. The second tranche is a potential earn-out, subject to certain achievements that if fulfilled, would be paid in 2020. The amount of consideration expected to be received is preliminary, the amounts may change, and the closing of the transaction cannot be assured. The Visa Inc. preferred stock would become fully convertible into Class A common stock of Visa Inc. twelve years after the closing. Beginning four years after closing, Visa Inc. will assess whether it is appropriate to effect a partial conversion. In addition, there will be restrictions on transferring the preferred stock until it is converted into Class A common stock. The preferred stock may only be transferred to other Visa Europe members, or to existing qualifying holders of Visa Inc.’s Class B common stock. Also, the preferred stock will not be registered under the U.S. Securities Act of 1933 and therefore is not transferable unless such transfer is registered or an exemption from registration is available.

Note 15—IDT Financial Services Ltd. Recent Transactions

In December 2015, MasterCard Europe released IDT Financial Services Ltd.’s security deposit. IDT Financial Services Ltd. received cash of $4.7 million from MasterCard Europe. At July 31, 2015, this security deposit was included in “Other assets” in the accompanying consolidated balance sheet.

On November 2, 2015, Visa Inc. entered into an agreement to acquire Visa Europe Limited subject to regulatory approvals. IDT Financial Services Ltd. is a member of Visa Europe and, if the transaction is consummated, will receive part of the consideration from the intended acquisition. Visa Inc. will pay for the acquisition in two tranches. The first tranche will include cash and preferred stock convertible into Visa Inc. Class A common stock. Visa Europe estimated that IDT Financial Services Ltd. will receive, subject to adjustment, €4.7 million ($5.1 million at January 31, 2016) in cash and €1.6 million ($1.8 million at January 31, 2016) in Visa Inc. preferred stock. The first tranche is expected to be paid during the second quarter of calendar 2016. The second tranche is a potential earn-out, subject to certain achievements that if fulfilled, would be paid in 2020. The amount of consideration expected to be received is preliminary, the amounts may change, and the closing of the transaction cannot be assured. The Visa Inc. preferred stock would become fully convertible into Class A common stock of Visa Inc. twelve years after the closing. Beginning four years after closing, Visa Inc. will assess whether it is appropriate to effect a partial conversion. In addition, there will be restrictions on transferring the preferred stock until it is converted into Class A common stock. The preferred stock may only be transferred to other Visa Europe members, or to existing qualifying holders of Visa Inc.’s Class B common stock. Also, the preferred stock will not be registered under the U.S. Securities Act of 1933 and therefore is not transferable unless such transfer is registered or an exemption from registration is available.