Cash, Cash Equivalents, and Restricted Cash and Cash Equivalents

12 Months Ended

Jul. 31, 2019

Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents [Abstract]

Cash, Cash Equivalents, and Restricted Cash and Cash Equivalents

Note 3—Cash, Cash Equivalents, and Restricted Cash and Cash Equivalents

On August 1, 2018, the Company adopted ASU No. 2016-18, Statement of Cash Flows (Topic 230), Restricted Cash, related to the classification and presentation of changes in restricted cash in the statement of cash flows. The following table provides a reconciliation of cash, cash equivalents, and restricted cash and cash equivalents reported in the consolidated balance sheet that equals the total of the same amounts reported in the consolidated statement of cash flows:

July 31 (in thousands)	2019		2018
Cash and cash equivalents	$	80,168	$	73,981
Restricted cash and cash equivalents		177,031		129,216
TOTAL CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AND CASH EQUIVALENTS	$	257,199	$	203,197

At July 31, 2019 and 2018, restricted cash and cash equivalents included $176.8 million and $128.9 million, respectively, in cash and cash equivalents held by IDT Financial Services Limited, the Company's Gibraltar-based bank.