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Other Operating (Expense) Gain, Net | 9 Months Ended
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Apr. 30, 2022
Other Income and Expenses [Abstract] |
Other Operating (Expense) Gain, Net | Note 11—Other Operating (Expense) Gain, Net The following table summarizes the other operating (expense) gain, net by business segment: Schedule of Other Operating (Expense) Gain, Net
|  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
|  | Three Months Ended April 30, |  |  | Nine Months Ended April 30, |
|  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
|  | (in thousands) |
Corporate—Straight Path Communications Inc. class action legal fees |  | $ | (1,410 | ) |  | $ | (299 | ) |  | $ | (5,081 | ) |  | $ | (2,017 | )
Corporate—Straight Path Communications Inc. class action insurance claims |  |  | 1,252 |  |  |  | 904 |  |  |  | 4,139 |  |  |  | 2,618 |
Fintech—other |  |  | 13 |  |  |  | 45 |  |  |  | 13 |  |  |  | 45 |
net2phone-UCaaS—write-off of contingent consideration liability |  |  | — |  |  |  | — |  |  |  | 303 |  |  |  | — |
net2phone-UCaaS—other |  |  | — |  |  |  | — |  |  |  | (10 | ) |  |  | (100 | )
Traditional Communications—gain from sale of rights under class action lawsuit |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 2,000 |
Traditional Communications—net2phone indemnification claim |  |  | (33 | ) |  |  | (55 | ) |  |  | (68 | ) |  |  | (442 | )
Traditional Communications—IDT Global settlement |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (554 | )
Traditional Communications—other |  |  | (1 | ) |  |  | — |  |  |  | (5 | ) |  |  | — |
Total other operating (expense) gain, net |  | $ | (179 | ) |  | $ | 595 |  |  | $ | (709 | ) |  | $ | 1,550 |
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 and nine months ended April 30, 2022 and 2021. Write-off of Contingent Consideration In the nine months ended April 30, 2022, the Company determined that the requirements for a contingent consideration payment related to an acquisition consummated in December 2019 would not be met before the expiration date for such contingency. The Company recognized a gain on the write-off of the contingent consideration payment obligation. Gain from Sale of Rights under Class Action Lawsuit On December 21, 2020, the Company received $2.0 million from the sale to a third party of all its rights under the Payment Card Interchange Fee and Merchant Discount Antitrust Litigation. The lawsuit is about claims that merchants paid excessive fees to accept Visa and Mastercard cards between January 1, 2004 and January 25, 2019 because Visa and Mastercard, individually, and together with their respective member banks, violated the antitrust laws. 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.

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