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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jul. 31, 2021
Jul. 31, 2020
CURRENT ASSETS:    
Cash and cash equivalents $ 107,147 $ 84,860
Restricted cash and cash equivalents 119,769 116,362
Debt securities 14,012 18,363
Equity investments 42,434 5,964
Trade accounts receivable, net of allowance for doubtful accounts of $4,438 and $6,085 at July 31, 2021 and 2020, respectively 46,644 44,166
Disbursement prefunding 27,656 25,325
Prepaid expenses 13,694 7,790
Other current assets 16,779 19,302
TOTAL CURRENT ASSETS 388,135 322,132
Property, plant, and equipment, net 30,829 30,061
Goodwill 14,897 12,858
Other intangibles, net 7,578 3,959
Equity investments 11,654 8,833
Operating lease right-of-use assets 7,671 9,490
Deferred income tax assets, net 41,502 8,512
Other assets 10,389 8,905
TOTAL ASSETS 512,655 404,750
CURRENT LIABILITIES:    
Trade accounts payable 24,502 25,150
Accrued expenses 129,085 125,544
Deferred revenue 42,293 40,114
Customer deposits 115,524 115,992
Other current liabilities 27,930 18,070
TOTAL CURRENT LIABILITIES 339,334 324,870
Operating lease liabilities 5,473 7,353
Other liabilities 1,234 1,388
TOTAL LIABILITIES 346,041 333,611
IDT Corporation stockholders’ equity:    
Preferred stock, $.01 par value; authorized shares—10,000; no shares issued
Additional paid-in capital 278,021 277,443
Treasury stock, at cost, consisting of 1,698 and 1,698 shares of Class A common stock and 2,192 and 1,616 shares of Class B common stock at July 31, 2021 and 2020, respectively (60,413) (56,221)
Accumulated other comprehensive loss (10,183) (7,410)
Accumulated deficit (42,858) (139,333)
Total IDT Corporation stockholders’ equity 164,864 74,772
Noncontrolling interests 1,750 (3,633)
TOTAL EQUITY 166,614 71,139
TOTAL LIABILITIES AND EQUITY 512,655 404,750
Common Class A [Member]    
IDT Corporation stockholders’ equity:    
Common stock, value 33 33
Common Class B [Member]    
IDT Corporation stockholders’ equity:    
Common stock, value $ 264 $ 260