XML 108 R21.htm IDEA: XBRL DOCUMENT v3.3.0.814
Severance Expense
12 Months Ended
Jul. 31, 2015
Severance Expense [Abstract]  
Severance Expense

Note 13—Severance Expense

 

In February and March 2015, the Company completed a reduction of its workforce and incurred severance expense of $6.2 million in fiscal 2015. Severance expense in fiscal 2015 also included $1.9 million due to a downsizing of certain IDT Telecom sales and administrative functions in Europe and the U.S in the first quarter of fiscal 2015, and an additional $0.2 million in the fourth quarter of fiscal 2015. At July 31, 2015, there was accrued severance of $3.7 million included in “Accrued Expenses” in the accompanying consolidated balance sheet for the February and March 2015 headcount reductions.