XML 110 R91.htm IDEA: XBRL DOCUMENT v3.8.0.1
Income Taxes (Details Textual) - USD ($)
$ in Thousands
1 Months Ended 3 Months Ended 12 Months Ended
Aug. 31, 2016
Jul. 31, 2017
Oct. 31, 2016
Jul. 31, 2017
Jul. 31, 2016
Jul. 31, 2015
Income Taxes (Textual)            
Federal and state net operating loss carryforwards       $ 180,000    
Net operating loss carryforwards expiration date       2018    
Net operating losses expiration date       Jul. 31, 2038    
Foreign net operating losses   $ 159,000   $ 159,000    
Foreign net operating loss, no expiration   111,000   111,000    
Foreign net operating loss, expiration in two to nine years   47,000   47,000    
Foreign net operating loss, expiration in twenty years   1,000   1,000    
Cumulative undistributed foreign earnings   375,000   375,000    
Accrued interest included in current income taxes payable      
Tax credits to be received 24,300          
Payments for investment in building $ 5,300          
Tax credit, description      
In August 2016, the Company and the New Jersey Economic Development Authority entered into an incentive agreement pursuant to which the Company may receive corporation business tax credits in exchange for investment in a qualified business facility and employment of the required number of full-time employees. The corporation business tax credits to be received are a maximum of $24.3 million. The Company’s tax certificate documents are currently being reviewed by Economic Development Authority. The tax credits are based on an estimated capital investment of $5.3 million in addition to retaining, as well as creating, a number of full-time jobs. The Company may claim a tax credit each tax year for ten years beginning when the Economic Development Authority accepts the Company’s project completion certification. The tax credit can be applied to 100% of the Company’s New Jersey tax liability each year, and the unused amount of the annual credit can be carried forward. In addition, the Company may apply for a tax credit transfer certificate to sell unused tax credits to another business. The tax credits must be sold for no less than 75% of the value of the tax credits. The tax credits are subject to reduction, forfeiture and recapture if, among other things, the number of full-time employees declines below the program or statewide minimum.
   
Benefit from income taxes     $ 16,600 $ (2,021) $ 4,110 $ 6,088
Valuation allowance   157,816   157,816 158,442 155,393
Income tax expense on deferred tax assets   $ 11,100   16,017 $ 3,049 $ 3,418
US Deferred Tax Assets [Member]            
Income Taxes (Textual)            
Income tax expense on deferred tax assets       11,100    
Elmion Netherlands B.V. [Member]            
Income Taxes (Textual)            
Benefit from income taxes       $ 16,600    
Net2phone [Member]            
Income Taxes (Textual)            
Net operating losses, Federal     $ 77,000      
Net operating losses expiration description     Expire through fiscal 2027.      
Losses limited under internal revenue code     $ 7,000