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Other Operating Expense, Net
3 Months Ended
Oct. 31, 2021
Other Income and Expenses [Abstract]  
Other Operating Expense, Net

Note 11—Other Operating Expense, Net

 

The following table summarizes the other operating expense, net by business segment:

 

         
  

Three Months Ended

October 31,

 
   2021   2020 
   (in thousands) 
Corporate—Straight Path Communications Inc. class action legal fees  $(978)  $(321)
Corporate—Straight Path Communications Inc. class action insurance claims   915   623
Traditional Communications—net2phone indemnification claim   (25)    
Traditional Communications—Carrier Services settlement       (554)
           
Total other operating expense, net  $(88)  $(252)

 

Straight Path Communications Inc. Class Action

 

As discussed in Note 17, the Company (as well as other defendants) has been named in a pending putative class action on behalf of the stockholders of the Company’s former subsidiary, Straight Path Communications Inc. (“Straight Path”), and a derivative complaint. The Company incurred legal fees and recorded offsetting gains from insurance claims related to this action in the three months ended October 31, 2021 and 2020.

 

 

Indemnification Claim

 

Beginning in June 2019, as part of a commercial resolution, the Company indemnified a net2phone cable telephony customer related to patent infringement claims brought against the customer.