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Earnings Per Share | 9 Months Ended
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Apr. 30, 2022
Earnings per share attributable to IDT Corporation common stockholders: |
Earnings Per Share | Note 15—Earnings Per Share Basic earnings per share is computed by dividing net income attributable to all classes of common stockholders of the Company by the weighted average number of shares of all classes of common stock outstanding during the applicable period. Diluted earnings per share is computed in the same manner as basic earnings per share, except that the number of shares is increased to include restricted stock still subject to risk of forfeiture and to assume exercise of potentially dilutive stock options using the treasury stock method, unless the effect of such increase is anti-dilutive. The weighted-average number of shares used in the calculation of basic and diluted earnings per share attributable to the Company’s common stockholders consists of the following: Schedule of Weighted-average Number of Shares Used in the Calculation of Basic and Diluted Earnings Per Share
|  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
|  | Three Months Ended April 30, |  |  | Nine Months Ended April 30, |
|  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
|  | (in thousands) |
Basic weighted-average number of shares |  |  | 25,901 |  |  |  | 25,530 |  |  |  | 25,706 |  |  |  | 25,475 |
Effect of dilutive securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Stock options |  |  | 301 |  |  |  | 295 |  |  |  | 575 |  |  |  | 101 |
Non-vested restricted Class B common stock |  |  | 3 |  |  |  | 311 |  |  |  | 174 |  |  |  | 327 |
Diluted weighted-average number of shares |  |  | 26,205 |  |  |  | 26,136 |  |  |  | 26,455 |  |  |  | 25,903 |
The following shares were excluded from the calculation of diluted earnings per share: Schedule of Outstanding Stock Options Excluded from the Calculation of Diluted Earnings Per Share
|  | Three Months Ended April 30, |  |  | Nine Months Ended April 30, |
|  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
|  | (in thousands) |
Stock options |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 713 |
Non-vested restricted Class B common stock |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Shares excluded from the calculation of diluted earnings per share |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 713 |
Stock options with an exercise price that was greater than the average market price of the Company’s common stock in the nine months ended April 30, 2021 were excluded from the calculation of diluted earnings per share.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI https://asc.fasb.org/topic&trid=2144383 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3630-109257 + Details
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