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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jan. 31, 2022
Jul. 31, 2021
Current assets:    
Cash and cash equivalents $ 104,268 $ 107,147
Restricted cash and cash equivalents 116,284 119,769
Debt securities 15,490 14,012
Equity investments 28,494 42,434
Trade accounts receivable, net of allowance for doubtful accounts of $4,896 at January 31, 2022 and $4,438 at July 31, 2021 53,247 46,644
Disbursement prefunding 29,226 27,656
Prepaid expenses 17,408 13,694
Other current assets 22,582 16,779
Total current assets 386,999 388,135
Property, plant, and equipment, net 31,639 30,829
Goodwill 15,081 14,897
Other intangibles, net 6,940 7,578
Equity investments 8,355 11,654
Operating lease right-of-use assets 7,100 7,671
Deferred income tax assets, net 39,539 41,502
Other assets 10,241 10,389
Total assets 505,894 512,655
Current liabilities:    
Trade accounts payable 23,800 24,502
Accrued expenses 122,372 129,085
Deferred revenue 40,592 42,293
Customer deposits 109,862 115,524
Other current liabilities 30,744 27,930
Total current liabilities 327,370 339,334
Operating lease liabilities 5,014 5,473
Other liabilities 467 1,234
Total liabilities 332,851 346,041
Redeemable noncontrolling interest 10,063
IDT Corporation stockholders’ equity:    
Preferred stock, $.01 par value; authorized shares—10,000; no shares issued
Additional paid-in capital 278,613 278,021
Treasury stock, at cost, consisting of 1,698 and 1,698 shares of Class A common stock and 2,392 and 2,192 shares of Class B common stock at January 31, 2022 and July 31, 2021, respectively (69,387) (60,413)
Accumulated other comprehensive loss (11,088) (10,183)
Accumulated deficit (37,843) (42,858)
Total IDT Corporation stockholders’ equity 160,595 164,864
Noncontrolling interests 2,385 1,750
Total equity 162,980 166,614
Total liabilities and equity 505,894 512,655
Common Class A [Member]    
IDT Corporation stockholders’ equity:    
Common stock, value 33 33
Common Class B [Member]    
IDT Corporation stockholders’ equity:    
Common stock, value $ 267 $ 264