Consolidated Balance Sheets - USD ($) $ in Thousands	Apr. 30, 2019	Jul. 31, 2018
Current assets:
Cash and cash equivalents	$ 79,326	$ 73,981
Restricted cash and cash equivalents	162,848	129,216
Debt securities	301	5,612
Trade accounts receivable, net of allowance for doubtful accounts of $4,851 at April 30, 2019 and $5,358 at July 31, 2018	54,366	70,746
Prepaid expenses	22,856	20,566
Other current assets	26,706	28,760
Total current assets	346,403	328,881
Property, plant and equipment, net	35,025	36,080
Goodwill	11,223	11,315
Other intangibles, net	4,212	496
Equity investments	8,350	6,633
Deferred income tax assets, net	2,825	5,668
Other assets	11,860	10,524
Total assets	419,898	399,597
Current liabilities:
Trade accounts payable	38,256	45,900
Accrued expenses	115,308	130,225
Deferred revenue	40,681	55,015
Customer deposits	160,833	127,571
Other current liabilities	7,230	8,273
Total current liabilities	362,308	366,984
Other liabilities	1,163	1,310
Total liabilities	363,471	368,294
Commitments and contingencies
IDT Corporation stockholders’ equity:
Preferred stock, $.01 par value; authorized shares-10,000; no shares issued
Additional paid-in capital	272,291	294,047
Treasury stock, at cost, consisting of 1,698 and 1,698 shares of Class A common stock and 908 and 2,722 shares of Class B common stock at April 30, 2019 and July 31, 2018, respectively	(51,739)	(85,597)
Accumulated other comprehensive loss	(4,465)	(4,972)
Accumulated deficit	(160,289)	(173,103)
Total IDT Corporation stockholders’ equity	56,087	30,664
Noncontrolling interests	340	639
Total equity	56,427	31,303
Total liabilities and equity	419,898	399,597
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).