Selected Quarterly Financial Data (Unaudited) (Tables)

12 Months Ended

Jul. 31, 2017

Selected Quarterly Financial Data (Unaudited) [Abstract]

Schedule of selected quarterly financial data

Quarter Ended (in thousands, except per share data)	Revenues		Direct cost of revenues		Income (loss) from operations			Net income (loss)			Net income (loss) attributable to IDT Corporation			Net income (loss) per share –basic			Net income (loss) per share – diluted
2017:
October 31(a)	$	369,151	$	313,029	$	5,186		$	22,294		$	21,918		$	0.97		$	0.96
January 31		367,556		310,913		3,128			1,257			875			0.04			0.04
April 30 (b)		370,035		314,704		(6,502	)		(4,452	)		(4,775	)		(0.21	)		(0.21	)
July 31 (c)		394,987		337,062		3,737			(9,458	)		(9,841	)		(0.41	)		(0.41	)
TOTAL	$	1,501,729	$	1,275,708	$	5,549		$	9,641		$	8,177		$	0.35		$	0.35
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 (d)		355,154		293,220		5,676			4,701			4,237			0.19			0.19
July 31(e)		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

(a) Included in net income was a benefit from income taxes of $16.6 million from the full recognition of certain deferred tax assets.

(b) Included in loss from operations was expense of $10.1 million related to the settlement and mutual release with Straight Path, including legal fees incurred in the quarter.

(c) Included in net loss was income tax expense of $11.1 million from an increase in the valuation allowance on deferred tax assets.

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

(e) 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.