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Business Segment Information | 9 Months Ended
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Apr. 30, 2020
Segment Reporting [Abstract] |
Business Segment Information | Note 14—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 unified 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 are as follows:
(in thousands) |  | Telecom & Payment Services |  |  | net2phone |  |  | Corporate |  |  | Total |
Three Months Ended April 30, 2020 |  |  |  |  |  |  |  |  |  |  |  |
Revenues |  | $ | 308,790 |  |  | $ | 12,546 |  |  | $ | — |  |  | $ | 321,336 |
Income (loss) from operations |  |  | 9,934 |  |  |  | (3,932 | ) |  |  | (2,210 | ) |  |  | 3,792 |
Other operating expense, net |  |  | — |  |  |  | (386 | ) |  |  | 152 |  |  |  | (234 | )
Three Months Ended April 30, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues |  | $ | 328,838 |  |  | $ | 12,417 |  |  | $ | — |  |  | $ | 341,255 |
Income (loss) from operations |  |  | 4,245 |  |  |  | (1,266 | ) |  |  | (2,530 | ) |  |  | 449 |
Other operating expense, net |  |  | (2,300 | ) |  |  | — |  |  |  | (120 | ) |  |  | (2,420 | )
Nine Months Ended April 30, 2020 |  |  |  |  |  |  |  |  |  |  |  |
Revenues |  | $ | 947,342 |  |  | $ | 38,083 |  |  | $ | — |  |  | $ | 985,425 |
Income (loss) from operations |  |  | 21,441 |  |  |  | (10,512 | ) |  |  | (7,207 | ) |  |  | 3,722 |
Other operating expense, net |  |  | (2,150 | ) |  |  | (983 | ) |  |  | (269 | ) |  |  | (3,402 | )
Nine Months Ended April 30, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues |  | $ | 1,018,637 |  |  | $ | 34,407 |  |  | $ | — |  |  | $ | 1,053,044 |
Income (loss) from operations |  |  | 12,605 |  |  |  | (4,663 | ) |  |  | (7,768 | ) |  |  | 174 |
Other operating expense, net |  |  | (5,185 | ) |  |  | 25 |  |  |  | (645 | ) |  |  | (5,805 | )

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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