XML 32 R33.htm IDEA: XBRL DOCUMENT v3.20.1
Other Operating Expense, Net (Tables)
9 Months Ended
Apr. 30, 2020
Other Operating Expense [Abstract]  
Schedule of other operating gains (expense)
   Three Months Ended
April 30,
   Nine Months Ended
April 30,
 
   2020   2019   2020   2019 
   (in thousands) 
Corporate—Straight Path Communications Inc. class action legal fees net of insurance proceeds  $152   $(120)  $(269)  $(645)
net2phone—indemnification claim   (386)       (920)    
net2phone—other, net           (63)   25 
Telecom & Payment Services—accrual for non-income related taxes related to a foreign subsidiary       (2,300)   (2,150)   (5,400)
Telecom & Payment Services—gain on sale of calling card business in Asia               215 
Total other operating expense, net  $(234)  $(2,420)  $(3,402)  $(5,805)
Schedule of correction on the Company's previously issued consolidated financial statements

   Three Months Ended April 30, 2019 
   Previously Reported   Error Correction   As Adjusted 
   (in thousands, except per share data) 
     
Consolidated Statement of Operations:    
Other operating expense, net  $(120)  $(2,300)  $(2,420)
Benefit from income taxes  $871   $600   $1,471 
Net income  $4,157   $(1,700)  $2,457 
Net income attributable to IDT Corporation  $3,870   $(1,700)  $2,170 
Earnings per share attributable to IDT Corporation common stockholders:               
Basic  $0.15   $(0.07)  $0.08 
Diluted  $0.15   $(0.07)  $0.08 

 

   Nine Months Ended April 30, 2019 
 

Previously Reported 

  

Error Correction 

  

As Adjusted 

 
   (in thousands, except per share data) 
     
Consolidated Statement of Operations:    
Other operating expense, net  $(405)  $(5,400)  $(5,805)
Provision for income taxes  $(2,054)  $1,350   $(704)
Net income (loss)  $3,498   $(4,050)  $(552)
Net income (loss) attributable to IDT Corporation  $2,610   $(4,050)  $(1,440)
Earnings (loss) per share attributable to IDT Corporation common stockholders:               
Basic  $0.10   $(0.16)  $(0.06)
Diluted  $0.10   $(0.16)  $(0.06)