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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Jul. 31, 2021
Jul. 31, 2020
Income Statement [Abstract]    
REVENUES $ 1,446,990 $ 1,345,769
COSTS AND EXPENSES:    
Direct cost of revenues (exclusive of depreciation and amortization) 1,154,048 1,084,009
Selling, General and Administrative Expense [1] 218,467 214,846
Depreciation and amortization 17,764 20,406
Severance 452 3,503
TOTAL COSTS AND EXPENSES 1,390,731 1,322,764
Other operating gain (expense), net (see Note 14) 731 (5,063)
Income from operations 56,990 17,942
Interest income, net 318 1,043
Other income (expense), net 7,916 (1,267)
Income before income taxes 65,224 17,718
Benefit from income taxes 31,667 3,700
NET INCOME 96,891 21,418
Net (income) loss attributable to noncontrolling interests (416) 12
NET INCOME ATTRIBUTABLE TO IDT CORPORATION $ 96,475 $ 21,430
Earnings per share attributable to IDT Corporation common stockholders:    
Basic $ 3.78 $ 0.82
Diluted $ 3.70 $ 0.81
Weighted-average number of shares used in calculation of earnings per share:    
Basic 25,495,000 26,278,000
Diluted 26,053,000 26,441,000
[1] Stock-based compensation included in selling, general and administrative expenses