Revenue Recognition (Tables)

9 Months Ended

Apr. 30, 2024

Revenue from Contract with Customer [Abstract]

Schedule of Revenues Disaggregated by Business Segment and Service Offered to Customers

The following table shows the Company’s revenues disaggregated by business segment and service offered to customers:

	Three Months Ended April 30,				Nine Months Ended April 30,
	2024		2023		2024		2023
	(in thousands)
National Retail Solutions	$	25,712	$	18,073	$	74,930	$	57,208
BOSS Money		27,593		19,441		76,871		54,644
Other		3,933		2,346		9,205		7,351
Total Fintech		31,526		21,787		86,076		61,995
net2phone		20,677		18,392		60,957		53,136
IDT Digital Payments		101,559		101,030		301,165		316,207
BOSS Revolution Calling		63,245		77,646		201,169		246,729
IDT Global		50,067		54,473		150,843		174,715
Other		6,857		7,894		21,806		25,057
Total Traditional Communications		221,728		241,043		674,983		762,708
Total	$	299,643	$	299,295	$	896,946	$	935,047

Schedule of Revenues Disaggregated by Geographic Region

The following table shows the Company’s revenues disaggregated by geographic region, which is determined based on selling location:

(in thousands)	National Retail Solutions		Fintech		net2phone		Traditional Communications		Total
Three Months Ended April 30, 2024
United States	$	25,712	$	30,469	$	11,330	$	166,093	$	233,604
Outside the United States:
United Kingdom		—		—		—		48,441		48,441
Other		—		1,057		9,347		7,194		17,598
Total outside the United States		—		1,057		9,347		55,635		66,039
Total	$	25,712	$	31,526	$	20,677	$	221,728	$	299,643

(in thousands)	National Retail Solutions		Fintech		net2phone		Traditional Communications		Total
Three Months Ended April 30, 2023
United States	$	18,073	$	21,124	$	9,571	$	166,854	$	215,622
Outside the United States:
United Kingdom		—		—		—		64,415		64,415
Other		—		663		8,821		9,774		19,258
Total outside the United States		—		663		8,821		74,189		83,673
Total	$	18,073	$	21,787	$	18,392	$	241,043	$	299,295

(in thousands)	National Retail Solutions		Fintech		net2phone		Traditional Communications		Total
Nine Months Ended April 30, 2024
United States	$	74,930	$	83,204	$	32,718	$	492,935	$	683,787
Outside the United States:
United Kingdom		—		—		—		157,673		157,673
Other		—		2,872		28,239		24,375		55,486
Total outside the United States		—		2,872		28,239		182,048		213,159
Total	$	74,930	$	86,076	$	60,957	$	674,983	$	896,946

(in thousands)	National Retail Solutions		Fintech		net2phone		Traditional Communications		Total
Nine Months Ended April 30, 2023
United States	$	57,208	$	59,991	$	27,888	$	528,116	$	673,203
Outside the United States:
United Kingdom		—		—		—		202,355		202,355
Other		—		2,004		25,248		32,237		59,489
Total outside the United States		—		2,004		25,248		234,592		261,844
Total	$	57,208	$	61,995	$	53,136	$	762,708	$	935,047

Schedule of Estimated Revenue by Business Segment

(in thousands)	National Retail Solutions		net2phone		Total
Twelve-month period ending April 30:
2025	$	6,305	$	38,388	$	44,693
2026		5,262		18,749		24,011
Thereafter		5,128		6,319		11,447
Total	$	16,695	$	63,456	$	80,151

Schedule of Information About Contract Liabilities

The following table presents information about the Company’s contract liability balance:

	Three Months Ended April 30,				Nine Months Ended April 30,
	2024		2023		2024		2023
	(in thousands)
Revenue recognized in the period from amounts included in the contract liability balance at the beginning of the period	$	15,231	$	16,772	$	20,477	$	21,890

Schedule of Deferred Customer Contract Acquisition Costs

The Company’s deferred customer contract acquisition costs were as follows:

	April 30, 2024		July 31, 2023
	(in thousands)
Deferred customer contract acquisition costs included in “Other current assets”	$	4,145	$	4,460
Deferred customer contract acquisition costs included in “Other assets”		3,957		3,734
Total	$	8,102	$	8,194

Schedule of Amortization of Deferred Customer Contract Acquisition Costs

The Company’s amortization of deferred customer contract acquisition costs during the periods were as follows:

	Three Months Ended April 30,				Nine Months Ended April 30,
	2024		2023		2024		2023
	(in thousands)
Amortization of deferred customer contract acquisition costs	$	1,167	$	1,226	$	3,576	$	3,631