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Note Payable and Revolving Credit Loan Payable | 12 Months Ended
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Jul. 31, 2020
Note Payable And Revolving Credit Facility [Abstract] |
Note payable and Revolving Credit Loan Payable | Note 13—Note Payable and Revolving Credit Loan Payable Note Payable On April 20, 2020, IDT Domestic Telecom, Inc. (“IDT DT”), a subsidiary of the Company, received loan proceeds of $10.0 million (the “PPP Loan”) from TD Bank, N.A, pursuant to the Paycheck Protection Program (the “PPP”) under the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) administered by the U.S. Small Business Administration. On April 29, 2020, IDT DT returned all $10.0 million in proceeds from the PPP Loan. In light of the oversubscription of applications for loans under the PPP, and despite IDT DT’s need for the funds to support its operations, IDT DT returned the loan proceeds in order to make those funds available to other borrowers that may be in greater need than IDT DT. Revolving Credit Loan Payable The Company’s subsidiary, IDT Telecom, Inc., had a credit agreement dated as of October 31, 2019, with TD Bank, N.A. for a line of credit facility for up to a maximum principal amount of $25.0 million until its maturity date on July 15, 2020. The principal outstanding incurred interest per annum at the LIBOR rate adjusted by the Regulation D maximum reserve requirement plus 125 basis points. IDT Telecom paid a quarterly unused commitment fee of 0.3% per annum on the average daily balance of the unused portion of the $25.0 million commitment. IDT Telecom had a credit agreement, dated as of October 31, 2018, with TD Bank, N.A. for a line of credit facility for up to a maximum principal amount of $25.0 million until its maturity date on July 15, 2019. The principal outstanding incurred interest per annum at the LIBOR rate adjusted by the Regulation D maximum reserve requirement plus 125 basis points. IDT Telecom paid a quarterly unused commitment fee of 0.3% per annum on the average daily balance of the unused portion of the $25.0 million commitment.

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- Definition The entire disclosure for note payable and revolving credit loan payable. + References No definition available. + Details
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- References No definition available. + Details
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Namespace Prefix: | idt_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration