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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Oct. 31, 2022
Oct. 31, 2021
Operating activities    
Net income (loss) $ 12,555 $ (2,345)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 4,790 4,446
Deferred income taxes 3,672 (413)
Provision for doubtful accounts receivable 430 716
Net unrealized loss from marketable securities 1,846 13,386
Stock-based compensation 572 285
Other 756 1,718
Changes in assets and liabilities:    
Trade accounts receivable 5,185 (5,638)
Disbursement prefunding, prepaid expenses, other current assets, and other assets (7,123) (7,563)
Trade accounts payable, accrued expenses, other current liabilities, and other liabilities (6,970) 3,265
Customer deposits at IDT Financial Services Limited (Gibraltar-based bank) 2,865 (13,069)
Deferred revenue (394) (641)
Net cash provided by (used in) operating activities 18,184 (5,853)
Investing activities    
Capital expenditures (5,172) (4,353)
Purchase of convertible preferred stock in equity method investment (1,051)
Purchases of debt securities and equity investments (2,058) (6,260)
Proceeds from maturities and sales of debt securities and redemption of equity investments 11,472 3,867
Net cash provided by (used in) investing activities 4,242 (7,797)
Financing activities    
Distributions to noncontrolling interests (99) (183)
Proceeds from other liabilities 300 2,302
Repayment of other liabilities (1,916) (1,242)
Proceeds from sale of redeemable equity in subsidiary 10,000
Repurchases of Class B common stock (5,341) (26)
Net cash (used in) provided by financing activities (7,056) 10,851
Effect of exchange rate changes on cash, cash equivalents, and restricted cash and cash equivalents (6,157) (2,257)
Net increase (decrease) in cash, cash equivalents, and restricted cash and cash equivalents 9,213 (5,056)
Cash, cash equivalents, and restricted cash and cash equivalents at beginning of period 189,562 226,916
Cash, cash equivalents, and restricted cash and cash equivalents at end of period 198,775 221,860
Supplemental Schedule of Non-Cash Financing Activities    
Stock issued to certain executive officers for bonus payments $ 615