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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jul. 31, 2023
Jul. 31, 2022
CURRENT ASSETS:    
Cash and cash equivalents $ 103,637 $ 98,352
Restricted cash and cash equivalents 95,186 91,210
Debt securities 42,414 22,303
Equity investments 6,198 17,091
Trade accounts receivable, net of allowance for doubtful accounts of $5,642 and $5,328 at July 31, 2023 and 2022, respectively 32,092 39,525
Settlement assets, net of reserve of $1,143 and $554 at July 31, 2023 and 2022, respectively 32,396 31,938
Disbursement prefunding 30,113 21,057
Prepaid expenses 16,638 17,526
Other current assets 28,394 23,625
TOTAL CURRENT ASSETS 387,068 362,627
Property, plant, and equipment, net 38,655 36,866
Goodwill 26,457 26,380
Other intangibles, net 8,196 9,609
Equity investments 9,874 7,426
Operating lease right-of-use assets 5,540 7,210
Deferred income tax assets, net 24,101 36,701
Other assets 10,919 10,275
TOTAL ASSETS 510,810 497,094
CURRENT LIABILITIES:    
Trade accounts payable 22,231 28,543
Accrued expenses 110,796 117,109
Deferred revenue 35,343 36,531
Customer deposits 86,481 85,764
Settlement liabilities 21,495 17,659
Other current liabilities 17,761 19,466
TOTAL CURRENT LIABILITIES 294,107 305,072
Operating lease liabilities 2,881 4,606
Other liabilities 3,354 6,588
TOTAL LIABILITIES 300,342 316,266
Commitments and contingencies
Redeemable noncontrolling interest 10,472 10,191
IDT Corporation stockholders’ equity:    
Preferred stock, $.01 par value; authorized shares—10,000; no shares issued
Additional paid-in capital 301,408 296,005
Treasury stock, at cost, consisting of 1,698 and 1,698 shares of Class A common stock and 4,152 and 3,613 shares of Class B common stock at July 31, 2023 and 2022, respectively (115,461) (101,565)
Accumulated other comprehensive loss (17,192) (11,305)
Retained earnings (accumulated deficit) 24,662 (15,830)
Total IDT Corporation stockholders’ equity 193,729 167,615
Noncontrolling interests 6,267 3,022
TOTAL EQUITY 199,996 170,637
TOTAL LIABILITIES, REDEEMABLE NONCONTROLLING INTEREST, AND EQUITY 510,810 497,094
Common Class A [Member]    
IDT Corporation stockholders’ equity:    
Common stock, value 33 33
Common Class B [Member]    
IDT Corporation stockholders’ equity:    
Common stock, value $ 279 $ 277