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Selected Quarterly Financial Data (Unaudited) | 12 Months Ended
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Jul. 31, 2017
Selected Quarterly Financial Data (Unaudited) [Abstract] |
Selected Quarterly Financial Data (Unaudited) | Note 25—Selected Quarterly Financial Data (Unaudited) The table below presents selected quarterly financial data of the Company for its fiscal quarters in fiscal 2017 and fiscal 2016:
Quarter Ended (in thousands, except per share data) |  | Revenues |  |  | Direct cost of revenues |  |  | Income (loss) from operations |  |  | Net income (loss) |  |  | Net income (loss) attributable to IDT Corporation |  |  | Net income (loss) per share –basic |  |  | Net income (loss) per share – diluted |
2017: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
October 31(a) |  | $ | 369,151 |  |  | $ | 313,029 |  |  | $ | 5,186 |  |  | $ | 22,294 |  |  | $ | 21,918 |  |  | $ | 0.97 |  |  | $ | 0.96 |
January 31 |  |  | 367,556 |  |  |  | 310,913 |  |  |  | 3,128 |  |  |  | 1,257 |  |  |  | 875 |  |  |  | 0.04 |  |  |  | 0.04 |
April 30 (b) |  |  | 370,035 |  |  |  | 314,704 |  |  |  | (6,502 | ) |  |  | (4,452 | ) |  |  | (4,775 | ) |  |  | (0.21 | ) |  |  | (0.21 | )
July 31(c) |  |  | 394,987 |  |  |  | 337,062 |  |  |  | 3,737 |  |  |  | (9,458 | ) |  |  | (9,841 | ) |  |  | (0.41 | ) |  |  | (0.41 | )
TOTAL |  | $ | 1,501,729 |  |  | $ | 1,275,708 |  |  | $ | 5,549 |  |  | $ | 9,641 |  |  | $ | 8,177 |  |  | $ | 0.35 |  |  | $ | 0.35 |
2016: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
October 31 |  | $ | 390,578 |  |  | $ | 324,511 |  |  | $ | 7,925 |  |  | $ | 4,575 |  |  | $ | 4,193 |  |  | $ | 0.18 |  |  | $ | 0.18 |
January 31 |  |  | 382,454 |  |  |  | 319,724 |  |  |  | 6,377 |  |  |  | 4,663 |  |  |  | 4,065 |  |  |  | 0.18 |  |  |  | 0.18 |
April 30 (d) |  |  | 355,154 |  |  |  | 293,220 |  |  |  | 5,676 |  |  |  | 4,701 |  |  |  | 4,237 |  |  |  | 0.19 |  |  |  | 0.19 |
July 31(e) |  |  | 368,075 |  |  |  | 309,139 |  |  |  | 6,225 |  |  |  | 11,419 |  |  |  | 11,019 |  |  |  | 0.49 |  |  |  | 0.48 |
TOTAL |  | $ | 1,496,261 |  |  | $ | 1,246,594 |  |  | $ | 26,203 |  |  | $ | 25,358 |  |  | $ | 23,514 |  |  | $ | 1.03 |  |  | $ | 1.03 |
| (a) | Included in net income was a benefit from income taxes of $16.6 million from the full recognition of certain deferred tax assets.
| (b) | Included in loss from operations was expense of $10.1 million related to a legal settlement and mutual release, including legal fees incurred in the quarter.
| (c) | Included in net loss was income tax expense of $11.1 million from an increase in the valuation allowance on deferred tax assets.
| (d) | Included in income from operations was gain on sale of interest in Fabrix Systems Ltd. of $1.1 million.
| (e) | Included in income from operations was severance expense of $6.3 million and gain on sale of member interest in Visa Europe Ltd. of $7.5 million.

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- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -URI http://asc.fasb.org/topic&trid=2126967 + Details
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