Selected Quarterly Financial Data (Unaudited)

12 Months Ended

Jul. 31, 2016

Selected Quarterly Financial Data [Abstract]

Selected Quarterly Financial Data (Unaudited)

Note 23—Selected Quarterly Financial Data (Unaudited)

The table below presents selected quarterly financial data of the Company for its fiscal quarters in fiscal 2016 and fiscal 2015:

Quarter Ended (in thousands, except per share data)	Revenues		Direct cost of revenues		Income from operations		Net income		Net income attributable to IDT Corporation		Net income per share –basic		Net income per share – diluted
2016:
October 31	$	390,578	$	324,511	$	7,925	$	4,575	$	4,193	$	0.18	$	0.18
January 31		382,454		319,724		6,377		4,663		4,065		0.18		0.18
April 30 (a)		355,154		293,220		5,676		4,701		4,237		0.19		0.19
July 31 (b)		368,075		309,139		6,225		11,419		11,019		0.49		0.48
TOTAL	$	1,496,261	$	1,246,594	$	26,203	$	25,358	$	23,514	$	1.03	$	1.03
2015:
October 31(c)	$	412,878	$	343,807	$	79,607	$	80,354	$	80,155	$	3.52	$	3.47
January 31		394,173		328,737		3,735		2,757		2,510		0.11		0.11
April 30 (d)		383,930		316,508		2,470		1,123		565		0.02		0.02
July 31		405,796		339,311		7,238		1,881		1,260		0.05		0.05
TOTAL	$	1,596,777	$	1,328,363	$	93,050	$	86,115	$	84,490	$	3.69	$	3.63

(a) Included in income from operations was gain on sale of interest in Fabrix Systems Ltd. of $1.1 million.

(b) Included in income from operations was severance expense of $6.3 million and gain on sale of member interest in Visa Europe Ltd. of $7.5 million.

(c) Included in income from operations was gain on sale of interest in Fabrix Systems Ltd. of $75.1 million.

(d) Included in income from operations was severance expense of $6.2 million, gain on sale of interest in Fabrix Systems Ltd. of $1.2 million and other operating losses of $1.6 million.