Accumulated Other Comprehensive Loss

12 Months Ended

Jul. 31, 2019

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Accumulated Other Comprehensive Loss

Note 20—Accumulated Other Comprehensive Loss

The accumulated balances for each classification of other comprehensive income (loss) were as follows:

(in thousands)	Unrealized (loss) gain on available-for- sale securities			Foreign currency translation			Accumulated other comprehensive income (loss)			Location of (Gain) Loss Recognized
Balance at July 31, 2016	$	8		$	(3,752	)	$	(3,744	)
Other comprehensive income (loss) attributable to IDT Corporation before reclassification		2,449			(725	)		1,724
Less: reclassification for gain included in net income		(323	)		—			(323	)	Other income (expense), net
Net other comprehensive income (loss) attributable to IDT Corporation (1)		2,126			(725	)		1,401
Balance at July 31, 2017		2,134			(4,477	)		(2,343	)
Rafael Spin-Off		(1,991	)		(279	)		(2,270	)
Other comprehensive loss attributable to IDT Corporation before reclassification		(193	)		(182	)		(375	)
Less: reclassification for loss included in net income		16			—			16		Other income (expense), net
Net other comprehensive loss attributable to IDT Corporation		(177	)		(182	)		(359	)
Balance at July 31, 2018		(34	)		(4,938	)		(4,972	)
Adjustment from the adoption of change in accounting for equity investments (see Note 8)		33			—			33
Adjusted balance at August 1, 2018		(1	)		(4,938	)		(4,939	)
Other comprehensive income attributable to IDT Corporation		1			80			81
BALANCE AT JULY 31, 2019	$	—		$	(4,858	)	$	(4,858	)

(1) In fiscal 2017, net other comprehensive income attributable to IDT Corporation from unrealized gains on available-for-sale securities included unrealized gains on the Rafael convertible promissory notes of $2.1 million and unrealized gains, net on marketable securities of $26,000.