Consolidated Balance Sheets - USD ($) $ in Thousands	Apr. 30, 2020	Jul. 31, 2019
Current assets:
Cash and cash equivalents	$ 51,786	$ 80,168
Restricted cash and cash equivalents	114,667	177,031
Debt securities	12,948	2,534
Equity investments	5,716	5,688
Trade accounts receivable, net of allowance for doubtful accounts of $6,286 at April 30, 2020 and $5,444 at July 31, 2019	47,400	58,060
Prepaid expenses	32,713	20,276
Other current assets	26,686	24,704
Total current assets	291,916	368,461
Property, plant and equipment, net	30,436	34,355
Goodwill	12,566	11,209
Other intangibles, net	3,913	4,196
Equity investments	8,569	9,319
Operating lease right-of-use assets	10,307
Deferred income tax assets, net	1,795	4,589
Other assets	12,108	11,574
Total assets	371,610	443,703
Current liabilities:
Trade accounts payable	27,738	37,077
Accrued expenses	118,065	127,834
Deferred revenue	37,808	42,479
Customer deposits	114,061	175,028
Other current liabilities	10,860	6,652
Total current liabilities	308,532	389,070
Operating lease liabilities	8,109
Other liabilities	1,366	1,076
Total liabilities	318,007	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	276,928	273,313
Treasury stock, at cost, consisting of 1,698 and 1,698 shares of Class A common stock and 986 and 908 shares of Class B common stock at April 30, 2020 and July 31, 2019, respectively	(52,217)	(51,739)
Accumulated other comprehensive loss	(7,138)	(4,858)
Accumulated deficit	(160,826)	(160,763)
Total IDT Corporation stockholders' equity	57,040	56,244
Noncontrolling interests	(3,437)	(2,687)
Total equity	53,603	53,557
Total liabilities and equity	371,610	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

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).