Other (Expense) Income, Net

12 Months Ended

Jul. 31, 2022

Other Income and Expenses [Abstract]

Other (Expense) Income, Net

Note 18—Other (Expense) Income, Net

Other (expense) income, net consists of the following:

Year ended July 31 (in thousands)	2022			2021			2020
Foreign currency transaction (losses) gains	$	(1,742	)	$	1,009		$	370
Equity in net loss of investee		(2,951	)		(1,099	)		—
Write-off of tax assets related to prior periods		—			—			(1,346	)
(Losses) gains on investments		(19,248	)		8,830			(336	)
Other		(1,411	)		(824	)		45
TOTAL	$	(25,352	)	$	7,916		$	(1,267	)

IDT CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)