XML 42 R31.htm IDEA: XBRL DOCUMENT
v3.20.4

Fair Value Measurements (Tables) | 6 Months Ended
--- | ---
Jan. 31, 2021
Fair Value Disclosures [Abstract] |
Schedule of balance of assets measured at fair value on a recurring basis |
|  | Level 1 (1) |  |  | Level 2 (2) |  |  | Level 3 (3) |  |  | Total |
|  | (in thousands) |
January 31, 2021 |  |  |  |  |  |  |  |  |  |  |  |
Debt securities |  | $ | 3,667 |  |  | $ | 17,834 |  |  | $ | — |  |  | $ | 21,501 |
Equity investments included in current assets |  |  | 29,470 |  |  |  | — |  |  |  | — |  |  |  | 29,470 |
Equity investments included in noncurrent assets |  |  | — |  |  |  | 2,416 |  |  |  | 2,319 |  |  |  | 4,735 |
Total |  | $ | 33,137 |  |  | $ | 20,250 |  |  | $ | 2,319 |  |  | $ | 55,706 |
Contingent consideration included in other noncurrent liabilities |  | $ | — |  |  | $ | — |  |  | $ | (799 | ) |  | $ | (799 | )
July 31, 2020 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt securities |  | $ | 2,498 |  |  | $ | 15,865 |  |  | $ | — |  |  | $ | 18,363 |
Equity investments included in current assets |  |  | 5,964 |  |  |  | — |  |  |  | — |  |  |  | 5,964 |
Equity investments included in noncurrent assets |  |  | — |  |  |  | — |  |  |  | 3,825 |  |  |  | 3,825 |
Total |  | $ | 8,462 |  |  | $ | 15,865 |  |  | $ | 3,825 |  |  | $ | 28,152 |
Contingent consideration included in other noncurrent liabilities |  | $ | — |  |  | $ | — |  |  | $ | (396 | ) |  | $ | (396 | )
Schedule of assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3) |
|  | Three Months Ended January 31, |  |  | Six Months Ended January 31, |
|  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020 |
|  | (in thousands) |
Balance, beginning of period |  | $ | 1,825 |  |  | $ | 3,637 |  |  | $ | 3,825 |  |  | $ | 3,619 |
Purchase of Rafael Holdings, Inc. warrant |  |  | 354 |  |  |  | — |  |  |  | 354 |  |  |  | — |
Redemption for Visa mandatory release assessment |  |  | — |  |  |  | — |  |  |  | (1,870 | ) |  |  | — |
Total gains recognized in “Other income, net” |  |  | 140 |  |  |  | 408 |  |  |  | 10 |  |  |  | 426 |
Balance, end of period |  | $ | 2,319 |  |  | $ | 4,045 |  |  | $ | 2,319 |  |  | $ | 4,045 |
Change in unrealized gains or losses for the period included in earnings for assets held at the end of the period |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Schedule of liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) |
|  | Three Months Ended January 31, |  |  | Six Months Ended January 31, |
|  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020 |
|  | (in thousands) |
Balance, beginning of period |  | $ | 391 |  |  | $ | — |  |  | $ | 396 |  |  | $ | — |
Transfer into Level 3 from acquisitions (see Note 9) |  |  | 393 |  |  |  | 375 |  |  |  | 393 |  |  |  | 375 |
Total loss (gain) included in “Foreign currency translation adjustment” |  |  | 15 |  |  |  | (5 | ) |  |  | 10 |  |  |  | (5 | )
Balance, end of period |  | $ | 799 |  |  | $ | 370 |  |  | $ | 799 |  |  | $ | 370 |
Change in unrealized gains or losses for the period included in earnings for liabilities held at the end of the period |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |

X
- Definition Schedule of liabilities measured at fair value on a recurring basis using significant unobservable inputs. + References No definition available. + Details
Name: | idt_ScheduleOfLiabilitiesMeasuredAtFairValueOnARecurringBasisUsingSignificantUnobservableInputsTableTextBlock
Namespace Prefix: | idt_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19279-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_FairValueDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
Name: | us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration