Goodwill

12 Months Ended

Jul. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill

Note 11—Goodwill

The table below reconciles the change in the carrying amount of goodwill by operating segment:

(in thousands)	Fintech		net2phone			Traditional Communications			Total
Balance at July 31, 2020	$	—	$	1,519		$	11,339		$	12,858
Acquisition		—		—			2,025			2,025
Foreign currency translation adjustments		—		4			10			14
Balance at July 31, 2021		—		1,523			13,374			14,897
Acquisitions		3,199		8,433			—			11,632
Adjustment		—		—			392			392
Foreign currency translation adjustments		—		(213	)		(328	)		(541	)
Balance at July 31, 2022		3,199		9,743			13,438			26,380
Foreign currency translation adjustments		—		101			(24	)		77
Balance at July 31, 2023	$	3,199	$	9,844		$	13,414		$	26,457

IDT CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)