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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jul. 31, 2017
Jul. 31, 2016
Jul. 31, 2015
OPERATING ACTIVITIES      
Net income $ 9,641 $ 25,358 $ 86,115
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 21,704 20,535 18,418
Deferred income taxes (2,329) 3,809 5,877
Provision for doubtful accounts receivable 686 [1] 1,519 97
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 (323) (543) 54
Interest in the equity of investments (356) 362 (1,699)
Stock-based compensation 3,740 2,680 5,185
Change in assets and liabilities:      
Restricted cash and cash equivalents (17,702) (22,548) (28,286)
Trade accounts receivable (17,972) 616 640
Prepaid expenses, other current assets and other assets (4,856) 8,372 2,122
Trade accounts payable, accrued expenses, other current liabilities and other liabilities 17,344 (10,099) (4,125)
Customer deposits 18,980 25,344 25,939
Deferred revenue (9,543) 2,211 (2,939)
Net cash provided by operating activities 19,014 49,054 30,534
INVESTING ACTIVITIES      
Capital expenditures (22,949) (18,370) (28,556)
Payment for acquisition, net of cash acquired (1,827)
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 purchase of investments (9,438) (2,002) (125)
Proceeds from sales and redemptions of investments 15 634 119
Purchases of marketable securities (53,402) (46,909) (52,360)
Proceeds from maturities and sales of marketable securities 47,996 35,011 24,126
Net cash (used in) provided by investing activities (39,605) (16,482) 2,882
FINANCING ACTIVITIES      
Dividends paid (17,874) (17,358) (47,594)
Distributions to noncontrolling interests (1,482) (1,834) (2,050)
Sale of Class B common stock to Howard S. Jonas 24,930    
Proceeds from sale of interest and rights in Rafael Pharmaceuticals, Inc. to Howard S. Jonas 1,000
Proceeds from sale of member interests in CS Pharma Holdings, LLC 1,250 8,750
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 exercise of stock options 836 3,424
Repayments of borrowings including revolving credit loan payable (6,353) (13,271)
Purchase of Class B common stock from Howard S. Jonas (7,500)
Repurchases of Class B common stock (1,838) (4,773) (3,202)
Net cash provided by (used in) financing activities 6,822 (27,575) (70,193)
Effect of exchange rate changes on cash and cash equivalents 292 (5,821) (6,685)
Net decrease in cash and cash equivalents (13,477) (824) (43,462)
Cash and cash equivalents at beginning of year 109,537 110,361 153,823
Cash and cash equivalents at end of year, including $5,716, $5,536 and $571 held for sale at July 31, 2017, 2016 and 2015, respectively (see Note 3) 96,060 109,537 110,361
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION      
Cash payments made for interest 1,209 1,205 745
Cash payments made for income taxes 576 779 320
SUPPLEMENTAL SCHEDULE OF NON-CASH FINANCING AND INVESTING ACTIVITIES      
Reclassification of liability for member interests in CS Pharma Holdings, LLC 8,750
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
[1] Includes allowance for doubtful accounts of $2,550 and $861 held for sale at July 31, 2017 and 2016, respectively (see Note 3)