Consolidated Balance Sheets - USD ($) $ in Thousands	Jan. 31, 2018	Jul. 31, 2017
Current assets:
Cash and cash equivalents	$ 54,055	$ 90,344
Marketable securities	46,202	58,272
Trade accounts receivable, net of allowance for doubtful accounts of $2,642 at January 31, 2018 and $2,657 at July 31, 2017	71,652	64,979
Prepaid expenses	15,915	14,506
Other current assets	30,733	18,749
Assets held for sale	138,700	124,267
Total current assets	357,257	371,117
Property, plant and equipment, net	88,621	88,994
Goodwill	11,447	11,326
Investments	24,350	26,894
Deferred income tax assets, net	8,653	11,841
Other assets	8,616	3,657
Assets held for sale	5,285	5,134
Total assets	504,229	518,963
Current liabilities:
Trade accounts payable	37,071	40,989
Accrued expenses	113,154	125,359
Deferred revenue	71,789	76,451
Other current liabilities	4,683	4,659
Liabilities held for sale	129,423	115,318
Total current liabilities	356,120	362,776
Other liabilities	1,107	1,080
Liabilities held for sale	642	550
Total liabilities	357,869	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	396,259	394,462
Treasury stock, at cost, consisting of 1,698 and 1,698 shares of Class A common stock and 2,302 and 2,297 shares of Class B common stock at January 31, 2018 and July 31, 2017, respectively	(83,365)	(83,304)
Accumulated other comprehensive loss	(2,531)	(2,343)
Accumulated deficit	(173,386)	(163,370)
Total IDT Corporation stockholders' equity	137,266	145,734
Noncontrolling interests	9,094	8,823
Total equity	146,360	154,557
Total liabilities and equity	504,229	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).