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Other Operating Expense, Net (Tables) | 12 Months Ended
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Jul. 31, 2019
Other Operating (Losses) Gains, Net [Abstract] |
Schedule of other operating gains (expense), net |
Year ended July 31 (in thousands) |  | 2019 |  |  | 2018 |  |  | 2017 |
Corporate — gain (losses) related to Straight Path Communications Inc. |  | $ | 326 |  |  | $ | (1,655 | ) |  | $ | (10,436 | )
Corporate—gain (losses) related to other legal matters |  |  | — |  |  |  | (628 | ) |  |  | 24 |
net2phone—indemnification claim and other, net |  |  | (267 | ) |  |  | (115 | ) |  |  | — |
Telecom & Payment Services—accrual for non-income related taxes related to a foreign subsidiary |  |  | (8,000 | ) |  |  | — |  |  |  | — |
Telecom & Payment Services—gain on sale of calling card business in Asia |  |  | 215 |  |  |  | — |  |  |  | — |
Telecom & Payment Services—adjustment to gain on sale of member interest in Visa Europe Ltd. |  |  | — |  |  |  | — |  |  |  | (63 | )
TOTAL |  | $ | (7,726 | ) |  | $ | (2,398 | ) |  | $ | (10,475 | )
Schedule of accrual for non-income related taxes |
Quarter Ended (in thousands) |  | Other operating expense |  |  | Accrued expense |  |  | Deferred income tax assets |  |  | Provision for income taxes |
Increase (Decrease)
2019: |  |  |  |  |  |  |  |  |  |  |  |
October 31 |  | $ | 1,100 |  |  | $ | 1,100 |  |  | $ | 250 |  |  | $ | (250 | )
January 31 |  |  | 2,000 |  |  |  | 2,000 |  |  |  | 500 |  |  |  | (500 | )
April 30 |  |  | 2,300 |  |  |  | 2,300 |  |  |  | 600 |  |  |  | (600 | )
July 31 |  |  | 2,600 |  |  |  | 2,600 |  |  |  | 650 |  |  |  | (650 | )
TOTAL |  | $ | 8,000 |  |  | $ | 8,000 |  |  | $ | 2,000 |  |  | $ | (2,000 | )
Schedule of correction on the Company’s previously issued consolidated financial statements |
Quarter Ended October 31, 2018 (in thousands, except per share data) |  | Previously Reported |  |  | Error Correction |  |  | As Adjusted |
Consolidated Statement of Income: |  |  |  |  |  |  |  |  |
Other operating expense |  | $ | (195 | ) |  | $ | (1,100 | ) |  | $ | (1,295 | )
Provision for income taxes |  | $ | (1,189 | ) |  | $ | 250 |  |  | $ | (939 | )
Net loss |  | $ | (1,148 | ) |  | $ | (850 | ) |  | $ | (1,998 | )
Net loss attributable to IDT Corporation |  | $ | (1,449 | ) |  | $ | (850 | ) |  | $ | (2,299 | )
Loss per share attributable to IDT Corporation common stockholders: |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | (0.06 | ) |  | $ | (0.04 | ) |  | $ | (0.10 | )
Diluted |  | $ | (0.06 | ) |  | $ | (0.04 | ) |  | $ | (0.10 | )
Quarter Ended January 31, 2019 (in thousands, except per share data) |  | Previously Reported |  |  | Error Correction |  |  | As Adjusted |
Consolidated Statement of Income: |  |  |  |  |  |  |  |  |
Other operating expense |  | $ | (90 | ) |  | $ | (2,000 | ) |  | $ | (2,090 | )
Provision for income taxes |  | $ | (1,736 | ) |  | $ | 500 |  |  | $ | (1,236 | )
Net income (loss) |  | $ | 489 |  |  | $ | (1,500 | ) |  | $ | (1,011 | )
Net income (loss) attributable to IDT Corporation |  | $ | 189 |  |  | $ | (1,500 | ) |  | $ | (1,311 | )
Earnings (loss) per share attributable to IDT Corporation common stockholders: |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.01 |  |  | $ | (0.06 | ) |  | $ | (0.05 | )
Diluted |  | $ | 0.01 |  |  | $ | (0.06 | ) |  | $ | (0.05 | )
Quarter Ended April 30, 2019 (in thousands, except per share data) |  | Previously Reported |  |  | Error Correction |  |  | As Adjusted |
Consolidated Statement of Income: |  |  |  |  |  |  |  |  |  |  |  |
Other operating expense |  | $ | (120 | ) |  | $ | (2,300 | ) |  | $ | (2,420 | )
Benefit from income taxes |  | $ | 871 |  |  | $ | 600 |  |  | $ | 1,471 |
Net income |  | $ | 4,157 |  |  | $ | (1,700 | ) |  | $ | 2,457 |
Net income attributable to IDT Corporation |  | $ | 3,870 |  |  | $ | (1,700 | ) |  | $ | 2,170 |
Earnings per share attributable to IDT Corporation common stockholders: |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.15 |  |  | $ | (0.07 | ) |  | $ | 0.08 |
Diluted |  | $ | 0.15 |  |  | $ | (0.07 | ) |  | $ | 0.08

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