Earnings Per Share (Tables)

9 Months Ended

Apr. 30, 2022

Earnings per share attributable to IDT Corporation common stockholders:

Schedule of Weighted-average Number of Shares Used in the Calculation of Basic and Diluted Earnings Per Share

The weighted-average number of shares used in the calculation of basic and diluted earnings per share attributable to the Company’s common stockholders consists of the following:

	Three Months Ended April 30,				Nine Months Ended April 30,
	2022		2021		2022		2021
	(in thousands)
Basic weighted-average number of shares		25,901		25,530		25,706		25,475
Effect of dilutive securities:
Stock options		301		295		575		101
Non-vested restricted Class B common stock		3		311		174		327
Diluted weighted-average number of shares		26,205		26,136		26,455		25,903

Schedule of Outstanding Stock Options Excluded from the Calculation of Diluted Earnings Per Share

The following shares were excluded from the calculation of diluted earnings per share:

	Three Months Ended April 30,				Nine Months Ended April 30,
	2022		2021		2022		2021
	(in thousands)
Stock options		—		—		—		713
Non-vested restricted Class B common stock		—		—		—		—
Shares excluded from the calculation of diluted earnings per share		—		—		—		713