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Other Intangible Assets | 12 Months Ended
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Jul. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
Other Intangible Assets | Note 12—Other Intangible Assets The table below presents information on the Company’s amortized intangible assets: Schedule of Company's Amortized Intangible Assets
(in thousands) |  | Weighted Average Amortization Period |  |  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Balance |
July 31, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Tradenames |  |  | 11.4 years |  |  | $ | 2,480 |  |  | $ | (700 | ) |  | $ | 1,780 |
Non-compete agreements |  |  | 5.5 years |  |  |  | 1,316 |  |  |  | (549 | ) |  |  | 767 |
Customer relationships |  |  | 7.8 years |  |  |  | 11,590 |  |  |  | (4,528 | ) |  |  | 7,062 |
TOTAL |  |  | 8.2 years |  |  | $ | 15,386 |  |  | $ | (5,777 | ) |  | $ | 9,609 |
July 31, 2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Tradenames |  |  | 13.0 years |  |  | $ | 2,080 |  |  | $ | (506 | ) |  | $ | 1,574 |
Non-compete agreements |  |  | 4.9 years |  |  |  | 680 |  |  |  | (380 | ) |  |  | 300 |
Customer relationships |  |  | 11.5 years |  |  |  | 9,462 |  |  |  | (3,758 | ) |  |  | 5,704 |
TOTAL |  |  | 11.4 years |  |  | $ | 12,222 |  |  | $ | (4,644 | ) |  | $ | 7,578 |
IDT CORPORATION NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued) Amortization expense of intangible assets was $1.3 million, $0.7 million, and $0.4 million in fiscal 2022, fiscal 2021, and fiscal 2020, respectively. The Company estimates that amortization expense of intangible assets with finite lives will be $1.5 million, $1.4 million, $1.2 million, $1.2 million, and $1.2 million in fiscal 2023, fiscal 2024, fiscal 2025, fiscal 2026, and fiscal 2027, respectively.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI https://asc.fasb.org/topic&trid=2144416 + Details
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