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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jul. 31, 2020
Jul. 31, 2019
CURRENT ASSETS:    
Cash and cash equivalents $ 84,860 $ 80,168
Restricted cash and cash equivalents 116,362 177,031
Debt securities 18,363 2,534
Equity investments 5,964 5,688
Trade accounts receivable, net of allowance for doubtful accounts of $6,085 and $5,444 at July 31, 2020 and 2019, respectively 44,166 58,060
Prepaid expenses 33,115 20,276
Other current assets 19,302 24,704
TOTAL CURRENT ASSETS 322,132 368,461
Property, plant and equipment, net 30,061 34,355
Goodwill 12,858 11,209
Other intangibles, net 3,959 4,196
Equity investments 8,833 9,319
Operating lease right-of-use assets 9,490  
Deferred income tax assets, net 8,512 4,589
Other assets 8,905 11,574
TOTAL ASSETS 404,750 443,703
CURRENT LIABILITIES:    
Trade accounts payable 31,147 37,077
Accrued expenses 125,544 127,834
Deferred revenue 40,114 42,479
Customer deposits 115,992 175,028
Other current liabilities 12,073 6,652
TOTAL CURRENT LIABILITIES 324,870 389,070
Operating lease liabilities 7,353
Other liabilities 1,388 1,076
TOTAL LIABILITIES 333,611 390,146
Commitments and contingencies
IDT Corporation stockholders’ equity:    
Preferred stock, $.01 par value; authorized shares—10,000; no shares issued
Additional paid-in capital 277,443 273,313
Treasury stock, at cost, consisting of 1,698 and 1,698 shares of Class A common stock and 1,616 and 908 shares of Class B common stock at July 31, 2020 and 2019, respectively (56,221) (51,739)
Accumulated other comprehensive loss (7,410) (4,858)
Accumulated deficit (139,333) (160,763)
Total IDT Corporation stockholders’ equity 74,772 56,244
Noncontrolling interests (3,633) (2,687)
TOTAL EQUITY 71,139 53,557
TOTAL LIABILITIES AND EQUITY 404,750 443,703
Class A common stock    
IDT Corporation stockholders’ equity:    
Common stock, value 33 33
Class B common stock    
IDT Corporation stockholders’ equity:    
Common stock, value $ 260 $ 258