Consolidated Balance Sheets - USD ($) $ in Thousands	Jul. 31, 2018	Jul. 31, 2017
CURRENT ASSETS:
Cash and cash equivalents	$ 68,089	$ 90,344
Marketable securities	5,972	58,272
Trade accounts receivable, net of allowance for doubtful accounts of $3,166 and $2,657 at July 31, 2018 and 2017, respectively	69,481	64,979
Prepaid expenses	19,550	14,506
Other current assets	28,517	18,749
Assets held for sale	137,272	124,267
TOTAL CURRENT ASSETS	328,881	371,117
Property, plant and equipment, net	36,068	88,994
Goodwill	11,315	11,326
Investments	6,633	26,894
Deferred income tax assets, net	5,668	11,841
Other assets	5,326	3,657
Assets held for sale	5,706	5,134
TOTAL ASSETS	399,597	518,963
CURRENT LIABILITIES:
Trade accounts payable	45,124	40,989
Accrued expenses	129,818	125,359
Deferred revenue	55,003	76,451
Other current liabilities	8,269	4,659
Liabilities held for sale	128,770	115,318
TOTAL CURRENT LIABILITIES	366,984	362,776
Other liabilities	768	1,080
Liabilities held for sale	542	550
TOTAL LIABILITIES	368,294	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	294,047	394,462
Treasury stock, at cost, consisting of 1,698 and 1,698 shares of Class A common stock and 2,722 and 2,297 shares of Class B common stock at July 31, 2018 and 2017, respectively	(85,597)	(83,304)
Accumulated other comprehensive loss	(4,972)	(2,343)
Accumulated deficit	(173,103)	(163,370)
Total IDT Corporation stockholders' equity	30,664	145,734
Noncontrolling interests	639	8,823
TOTAL EQUITY	31,303	154,557
TOTAL LIABILITIES AND EQUITY	399,597	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).