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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jul. 31, 2019
Jul. 31, 2018
Jul. 31, 2017
OPERATING ACTIVITIES      
Net income $ 330 $ 5,199 $ 9,641
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 22,632 22,801 21,704
Deferred income taxes 285 6,174 (2,329)
Provision for doubtful accounts receivable 2,028 2,199 686
Stock-based compensation 2,236 3,581 3,740
Other (1,765) 7 (679)
Change in assets and liabilities:      
Trade accounts receivable 7,594 (6,668) (17,972)
Prepaid expenses, other current assets, and other assets 4,119 (18,889) (4,856)
Trade accounts payable, accrued expenses, other current liabilities, and other liabilities (7,546) 12,769 16,722
Customer deposits at IDT Financial Services Limited, our Gibraltar-based bank 59,077 14,660 18,980
Deferred revenue (3,853) (21,439) (9,543)
Net cash provided by operating activities 85,137 20,394 36,094
INVESTING ACTIVITIES      
Capital expenditures (18,681) (20,567) (22,949)
Proceeds from sale of interest in Straight Path IP Group Holding, Inc. 6,000
Purchase of IP interest from Straight Path Communications Inc. (6,000)
Payments for acquisitions, net of cash acquired (5,526) (1,827)
Cash used for purchase of investments (1,000) (53) (9,438)
Proceeds from redemptions of investments 1,000 15
Purchases of marketable securities (7,276) (22,523) (53,402)
Proceeds from maturities and sales of marketable securities 5,312 41,502 47,996
Net cash used in investing activities (26,171) (1,641) (39,605)
FINANCING ACTIVITIES      
Dividends paid (13,941) (17,874)
Distributions to noncontrolling interests (1,520) (1,040) (1,482)
Repayment of other liabilities acquired (654)
Proceeds from sales of Class B common stock to Howard S. Jonas 13,272 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
Cash of Rafael deconsolidated as a result of spin-off (9,287)
Proceeds from exercise of stock options 836
Proceeds from borrowings under revolving credit facility 3,000 22,320
Repayments of borrowings under revolving credit facility (3,000) (22,320)
Repurchases of Class B common stock (3,882) (2,293) (1,838)
Net cash provided by (used in) financing activities 7,216 (26,561) 6,822
Effect of exchange rate changes on cash, cash equivalents, and restricted cash and cash equivalents (12,180) (957) 293
Net increase (decrease) in cash, cash equivalents, and restricted cash and cash equivalents 54,002 (8,765) 3,604
Cash, cash equivalents, and restricted cash and cash equivalents at beginning of year 203,197 211,962 208,358
Cash, cash equivalents, and restricted cash and cash equivalents at end of year 257,199 203,197 211,962
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION      
Cash payments made for interest 186 94 288
Cash payments made for income taxes 46 192 576
SUPPLEMENTAL SCHEDULE OF NON-CASH FINANCING AND INVESTING ACTIVITIES      
Howard S. Jonas's advance payment used for sale of Class B common stock 1,500
Net assets excluding cash and cash equivalents of Rafael deconsolidated as a result of spin-off (105,632)
Reclassification of liability for member interests in CS Pharma Holdings, LLC $ 8,750