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Consolidated Balance Sheets - USD ($)
$ in Thousands
Apr. 30, 2022
Jul. 31, 2021
Current assets:    
Cash and cash equivalents $ 97,139 $ 107,147
Restricted cash and cash equivalents 100,957 119,769
Debt securities 22,706 14,012
Equity investments 16,179 42,434
Trade accounts receivable, net of allowance for doubtful accounts of $5,061 at April 30, 2022 and $4,438 at July 31, 2021 52,881 46,644
Disbursement prefunding 37,111 27,656
Prepaid expenses 16,676 13,694
Other current assets 27,442 16,779
Total current assets 371,091 388,135
Property, plant, and equipment, net 33,447 30,829
Goodwill 26,490 14,897
Other intangibles, net 10,041 7,578
Equity investments 7,319 11,654
Operating lease right-of-use assets 7,919 7,671
Deferred income tax assets, net 36,598 41,502
Other assets 10,365 10,389
Total assets 503,270 512,655
Current liabilities:    
Trade accounts payable 27,817 24,502
Accrued expenses 118,285 129,085
Deferred revenue 39,054 42,293
Customer deposits 95,104 115,524
Other current liabilities 35,103 27,930
Total current liabilities 315,363 339,334
Operating lease liabilities 5,322 5,473
Other liabilities 6,326 1,234
Total liabilities 327,011 346,041
Commitments and contingencies  
Redeemable noncontrolling interest 10,099
IDT Corporation stockholders’ equity:    
Preferred stock, $.01 par value; authorized shares—10,000; no shares issued
Additional paid-in capital 295,915 278,021
Treasury stock, at cost, consisting of 1,698 and 1,698 shares of Class A common stock and 3,058 and 2,192 shares of Class B common stock at April 30, 2022 and July 31, 2021, respectively (88,175) (60,413)
Accumulated other comprehensive loss (11,341) (10,183)
Accumulated deficit (33,072) (42,858)
Total IDT Corporation stockholders’ equity 163,637 164,864
Noncontrolling interests 2,523 1,750
Total equity 166,160 166,614
Total liabilities and equity 503,270 512,655
Common Class A [Member]    
IDT Corporation stockholders’ equity:    
Common stock, value 33 33
Common Class B [Member]    
IDT Corporation stockholders’ equity:    
Common stock, value $ 277 $ 264