Other Operating Expense, Net (Tables)

12 Months Ended

Jul. 31, 2019

Other Operating (Losses) Gains, Net [Abstract]

Schedule of other operating gains (expense), net

Year ended July 31 (in thousands)	2019			2018			2017
Corporate — gain (losses) related to Straight Path Communications Inc.	$	326		$	(1,655	)	$	(10,436	)
Corporate—gain (losses) related to other legal matters		—			(628	)		24
net2phone—indemnification claim and other, net		(267	)		(115	)		—
Telecom & Payment Services—accrual for non-income related taxes related to a foreign subsidiary		(8,000	)		—			—
Telecom & Payment Services—gain on sale of calling card business in Asia		215			—			—
Telecom & Payment Services—adjustment to gain on sale of member interest in Visa Europe Ltd.		—			—			(63	)
TOTAL	$	(7,726	)	$	(2,398	)	$	(10,475	)

Schedule of accrual for non-income related taxes

Quarter Ended (in thousands)	Other operating expense		Accrued expense		Deferred income tax assets		Provision for income taxes
Increase (Decrease)
2019:
October 31	$	1,100	$	1,100	$	250	$	(250	)
January 31		2,000		2,000		500		(500	)
April 30		2,300		2,300		600		(600	)
July 31		2,600		2,600		650		(650	)
TOTAL	$	8,000	$	8,000	$	2,000	$	(2,000	)

Schedule of correction on the Company’s previously issued consolidated financial statements

Quarter Ended October 31, 2018 (in thousands, except per share data)	Previously Reported			Error Correction			As Adjusted
Consolidated Statement of Income:
Other operating expense	$	(195	)	$	(1,100	)	$	(1,295	)
Provision for income taxes	$	(1,189	)	$	250		$	(939	)
Net loss	$	(1,148	)	$	(850	)	$	(1,998	)
Net loss attributable to IDT Corporation	$	(1,449	)	$	(850	)	$	(2,299	)
Loss per share attributable to IDT Corporation common stockholders:
Basic	$	(0.06	)	$	(0.04	)	$	(0.10	)
Diluted	$	(0.06	)	$	(0.04	)	$	(0.10	)

Quarter Ended January 31, 2019 (in thousands, except per share data)	Previously Reported			Error Correction			As Adjusted
Consolidated Statement of Income:
Other operating expense	$	(90	)	$	(2,000	)	$	(2,090	)
Provision for income taxes	$	(1,736	)	$	500		$	(1,236	)
Net income (loss)	$	489		$	(1,500	)	$	(1,011	)
Net income (loss) attributable to IDT Corporation	$	189		$	(1,500	)	$	(1,311	)
Earnings (loss) per share attributable to IDT Corporation common stockholders:
Basic	$	0.01		$	(0.06	)	$	(0.05	)
Diluted	$	0.01		$	(0.06	)	$	(0.05	)

Quarter Ended April 30, 2019 (in thousands, except per share data)	Previously Reported			Error Correction			As Adjusted
Consolidated Statement of Income:
Other operating expense	$	(120	)	$	(2,300	)	$	(2,420	)
Benefit from income taxes	$	871		$	600		$	1,471
Net income	$	4,157		$	(1,700	)	$	2,457
Net income attributable to IDT Corporation	$	3,870		$	(1,700	)	$	2,170
Earnings per share attributable to IDT Corporation common stockholders:
Basic	$	0.15		$	(0.07	)	$	0.08
Diluted	$	0.15		$	(0.07	)	$	0.08