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Business Segment Information | 12 Months Ended
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Jul. 31, 2020
Segment Reporting [Abstract] |
Business Segment Information | Note 23—Business Segment Information The Company has two reportable business segments, Telecom & Payment Services and net2phone. The Company’s reportable segments are distinguished by types of service, customers and methods used to provide their services. The operating results of these business segments are regularly reviewed by the Company’s chief operating decision maker. The accounting policies of the segments are the same as the accounting policies of the Company as a whole. The Company evaluates the performance of its business segments based primarily on income (loss) from operations. The Telecom & Payment Services segment provides retail telecommunications and payment offerings as well as wholesale international long-distance traffic termination. The net2phone segment provides cloud communications and telephony services to business customers. Depreciation and amortization are allocated to Telecom & Payment Services and net2phone because the related assets are not tracked separately by segment. There are no other significant asymmetrical allocations to segments. Corporate costs include compensation, consulting fees, treasury and accounts payable, tax and accounting services, human resources and payroll, corporate purchasing, corporate governance including Board of Directors’ fees, internal and external audit, investor relations, corporate insurance, corporate legal, business development, charitable contributions, travel, and other corporate-related general and administrative expenses. Corporate does not generate any revenues, nor does it incur any direct cost of revenues. Operating results for the business segments of the Company were as follows:
(in thousands) |  | Telecom & Payment Services |  |  | net2phone |  |  | Corporate |  |  | Total |
Year ended July 31, 2020 |  |  |  |  |  |  |  |  |  |  |  |
Revenues |  | $ | 1,294,947 |  |  | $ | 50,822 |  |  | $ | — |  |  | $ | 1,345,769 |
Income (loss) from operations |  |  | 42,296 |  |  |  | (14,691 | ) |  |  | (9,663 | ) |  |  | 17,942 |
Depreciation and amortization |  |  | 12,367 |  |  |  | 7,993 |  |  |  | 46 |  |  |  | 20,406 |
Severance |  |  | 3,466 |  |  |  | — |  |  |  | 37 |  |  |  | 3,503 |
Other operating (expense), net |  |  | (3,225 | ) |  |  | (1,307 | ) |  |  | (531 | ) |  |  | (5,063 | )
Year ended July 31, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues |  | $ | 1,361,908 |  |  | $ | 47,264 |  |  | $ | — |  |  | $ | 1,409,172 |
Income (loss) from operations |  |  | 14,330 |  |  |  | (6,479 | ) |  |  | (8,856 | ) |  |  | (1,005 | )
Depreciation and amortization |  |  | 16,084 |  |  |  | 6,544 |  |  |  | 4 |  |  |  | 22,632 |
Severance |  |  | 1,438 |  |  |  | — |  |  |  | — |  |  |  | 1,438 |
Other operating (expense) gains, net |  |  | (7,785 | ) |  |  | (267 | ) |  |  | 326 |  |  |  | (7,726 | )
Total assets for the reportable segments are not provided because a significant portion of the Company’s assets are servicing both segments and the Company does not track such assets separately by segment. Geographic Information Net long-lived assets and total assets held outside of the United States, which are located primarily in Western Europe, were as follows:.
(in thousands) |  | United States |  |  | Foreign Countries |  |  | Total |
July 31, 2020 |  |  |  |  |  |  |  |  |
Long-lived assets, net |  | $ | 18,834 |  |  | $ | 11,227 |  |  | $ | 30,061 |
Total assets |  |  | 102,176 |  |  |  | 302,574 |  |  |  | 404,750 |
July 31, 2019 |  |  |  |  |  |  |  |  |  |  |  |
Long-lived assets, net |  | $ | 25,797 |  |  | $ | 8,558 |  |  | $ | 34,355 |
Total assets |  |  | 103,113 |  |  |  | 340,590 |  |  |  | 443,703 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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