Consolidated Balance Sheets - USD ($) $ in Thousands	Oct. 31, 2017	Jul. 31, 2017
Current assets:
Cash and cash equivalents	$ 52,755	$ 90,344
Marketable securities	54,291	58,272
Trade accounts receivable, net of allowance for doubtful accounts of $2,408 at October 31, 2017 and $2,657 at July 31, 2017	78,949	64,979
Prepaid expenses	15,796	14,506
Other current assets	29,961	18,749
Assets held for sale	110,666	124,267
Total current assets	342,418	371,117
Property, plant and equipment, net	88,617	88,994
Goodwill	11,303	11,326
Investments	26,390	26,894
Deferred income tax assets, net	10,524	11,841
Other assets	3,774	3,657
Assets held for sale	5,146	5,134
Total assets	488,172	518,963
Current liabilities:
Trade accounts payable	47,220	40,989
Accrued expenses	109,155	125,359
Deferred revenue	74,849	76,451
Other current liabilities	5,272	4,659
Liabilities held for sale	101,943	115,318
Total current liabilities	338,439	362,776
Other liabilities	1,169	1,080
Liabilities held for sale	515	550
Total liabilities	340,123	364,406
Commitments and contingencies
IDT Corporation stockholders' equity:
Preferred stock, $.01 par value; authorized shares-10,000; no shares issued
Additional paid-in capital	395,272	394,462
Treasury stock, at cost, consisting of 1,698 and 1,698 shares of Class A common stock and 2,299 and 2,297 shares of Class B common stock at October 31, 2017 and July 31, 2017, respectively	(83,327)	(83,304)
Accumulated other comprehensive loss	(2,741)	(2,343)
Accumulated deficit	(170,182)	(163,370)
Total IDT Corporation stockholders' equity	139,311	145,734
Noncontrolling interests	8,738	8,823
Total equity	148,049	154,557
Total liabilities and equity	488,172	518,963
Class A Common Stock
IDT Corporation stockholders' equity:
Common stock, value	33	33
Class B Common Stock
IDT Corporation stockholders' equity:
Common stock, value	$ 256	$ 256

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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- Definition

Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).