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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jul. 31, 2016
Jul. 31, 2015
Jul. 31, 2014
OPERATING ACTIVITIES      
Net income $ 25,358 $ 86,115 $ 21,010
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 20,535 18,418 16,318
Deferred income taxes 3,809 5,877 2,487
Provision for doubtful accounts receivable 1,519 97 500
Gain on sale of interest in Fabrix Systems Ltd. (1,086) (76,864)
Gain on sale of member interest in Visa Europe Ltd. (7,476)    
Net realized (gain) loss from marketable securities (543) 54
Gain on proceeds from insurance (571)
Interest in the equity of investments 362 (1,699) (1,282)
Stock-based compensation 2,680 5,185 5,382
Change in assets and liabilities:      
Restricted cash and cash equivalents (22,548) (28,286) (25,292)
Trade accounts receivable 616 640 (1,363)
Prepaid expenses, other current assets and other assets 8,372 2,122 (4,628)
Trade accounts payable, accrued expenses, other current liabilities and other liabilities (10,337) (3,824) (5,914)
Customer deposits 25,344 25,939 30,186
Income taxes payable 238 (301) (29)
Deferred revenue 2,211 (2,939) 8,917
Net cash provided by operating activities 49,054 30,534 45,721
INVESTING ACTIVITIES      
Capital expenditures (18,370) (28,556) (17,021)
Proceeds from sale of interest in Fabrix Systems Ltd., net of cash and cash equivalents sold 9,557 59,678
Proceeds from sale of member interest in Visa Europe Ltd 5,597
Cash used for acquisition and purchase of investments (2,002) (125) (175)
Proceeds from sales and redemptions of investments 634 119 1,038
Purchases of other intangibles (250)
Proceeds from sale of building 250
Proceeds from insurance 571
Purchases of marketable securities (46,909) (52,360) (20,658)
Proceeds from maturities and sales of marketable securities 35,011 24,126 17,323
Net cash (used in) provided by investing activities (16,482) 2,882 (18,922)
FINANCING ACTIVITIES      
Dividends paid (17,358) (47,594) (13,635)
Distributions to noncontrolling interests (1,834) (2,050) (1,888)
Cash of Zedge deconsolidated as a result of spin-off (6,381)
Proceeds from sale of Zedge equity prior to the spin-off 374    
Proceeds from investment in subsidiary 8,750
Purchases of stock of subsidiary (1,133)
Proceeds from exercise of stock options 3,424 609
Proceeds from revolving credit loan payable 56,000
Repayments of borrowings including revolving credit loan payable (6,353) (13,271) (64,318)
Purchase of Class B common stock from Howard S. Jonas (7,500)
Repurchases of Class B common stock (4,773) (3,202) (1,005)
Net cash used in financing activities (27,575) (70,193) (25,370)
Effect of exchange rate changes on cash and cash equivalents (5,821) (6,685) 794
Net (decrease) increase in cash and cash equivalents (824) (43,462) 2,223
Cash and cash equivalents at beginning of year 110,361 153,823 151,600
Cash and cash equivalents at end of year 109,537 110,361 153,823
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION      
Cash payments made for interest 1,205 745 743
Cash payments made for income taxes 779 320 1,115
SUPPLEMENTAL SCHEDULE OF NON-CASH FINANCING AND INVESTING ACTIVITIES      
Net assets excluding cash and cash equivalents of Zedge deconsolidated as a result of spin-off (4,681)
Shares of Visa Inc. Series C preferred stock received from sale of member interest in Visa Europe Ltd. 1,580
Net liabilities excluding cash and cash equivalents of Fabrix Systems Ltd. sold 14,333
Adjustment to liabilities in connection with the Straight Path Communications, Inc. spin-off $ 1,624