XML 50 R37.htm IDEA: XBRL DOCUMENT
v3.23.3

Revenue Recognition (Tables) | 12 Months Ended
--- | ---
Jul. 31, 2023
Revenue from Contract with Customer [Abstract] |
Schedule of Revenues Disaggregated by Business Segment and Service Offered to Customers | The following table shows the Company’s revenues disaggregated by business segment and service offered to customers: Schedule of Revenues Disaggregated by Business Segment and Service Offered to Customers
Year ended July 31 (in thousands) |  | 2023 |  |  | 2022 |  |  | 2021 |
BOSS Money |  | $ | 76,928 |  |  | $ | 55,561 |  |  | $ | 49,322 |
Other |  |  | 9,682 |  |  |  | 9,032 |  |  |  | 8,298 |
Total Fintech |  |  | 86,610 |  |  |  | 64,593 |  |  |  | 57,620 |
National Retail Solutions |  |  | 77,115 |  |  |  | 51,299 |  |  |  | 24,748 |
net2phone |  |  | 72,388 |  |  |  | 58,185 |  |  |  | 44,502 |
IDT Digital Payments |  |  | 417,057 |  |  |  | 473,215 |  |  |  | 461,609 |
BOSS Revolution Calling |  |  | 322,134 |  |  |  | 387,937 |  |  |  | 455,244 |
IDT Global |  |  | 230,281 |  |  |  | 292,337 |  |  |  | 360,996 |
Other |  |  | 33,269 |  |  |  | 36,491 |  |  |  | 42,271 |
Total Traditional Communications |  |  | 1,002,741 |  |  |  | 1,189,980 |  |  |  | 1,320,120 |
TOTAL |  | $ | 1,238,854 |  |  | $ | 1,364,057 |  |  | $ | 1,446,990 |
Revenues |  | $ | 1,238,854 |  |  | $ | 1,364,057 |  |  | $ | 1,446,990 |
Schedule of Revenues Disaggregated by Geographic Region | The following table shows the Company’s revenues disaggregated by geographic region, which is determined based on selling location. On February 1, 2021, the Company restructured certain operations for tax purposes resulting in the change of geographic sourcing of revenues from the United States to the United Kingdom. Schedule of Revenues Disaggregated by Geographic Region
(in thousands) |  | Fintech |  |  | National Retail Solutions |  |  | net2phone |  |  | Traditional Communications |  |  | Total |
Year ended July 31, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 83,883 |  |  | $ | 77,115 |  |  | $ | 38,029 |  |  | $ | 693,193 |  |  | $ | 892,220 |
Outside the United States: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
United Kingdom |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 267,697 |  |  |  | 267,697 |
Other |  |  | 2,727 |  |  |  | — |  |  |  | 34,359 |  |  |  | 41,851 |  |  |  | 78,937 |
Total outside the United States |  |  | 2,727 |  |  |  | — |  |  |  | 34,359 |  |  |  | 309,548 |  |  |  | 346,634 |
TOTAL |  | $ | 86,610 |  |  | $ | 77,115 |  |  | $ | 72,388 |  |  | $ | 1,002,741 |  |  | $ | 1,238,854 |
Year ended July 31, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 62,598 |  |  | $ | 51,299 |  |  | $ | 30,283 |  |  | $ | 829,355 |  |  | $ | 973,535 |
Outside the United States: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
United Kingdom |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 311,847 |  |  |  | 311,847 |
Other |  |  | 1,995 |  |  |  | — |  |  |  | 27,902 |  |  |  | 48,778 |  |  |  | 78,675 |
Total outside the United States |  |  | 1,995 |  |  |  | — |  |  |  | 27,902 |  |  |  | 360,625 |  |  |  | 390,522 |
TOTAL |  | $ | 64,593 |  |  | $ | 51,299 |  |  | $ | 58,185 |  |  | $ | 1,189,980 |  |  | $ | 1,364,057 |
Year ended July 31, 2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 57,347 |  |  | $ | 24,748 |  |  | $ | 23,093 |  |  | $ | 1,025,790 |  |  | $ | 1,130,978 |
Outside the United States: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
United Kingdom |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 241,590 |  |  |  | 241,590 |
Other |  |  | 273 |  |  |  | — |  |  |  | 21,409 |  |  |  | 52,740 |  |  |  | 74,422 |
Total outside the United States |  |  | 273 |  |  |  | — |  |  |  | 21,409 |  |  |  | 294,330 |  |  |  | 316,012 |
TOTAL |  | $ | 57,620 |  |  | $ | 24,748 |  |  | $ | 44,502 |  |  | $ | 1,320,120 |  |  | $ | 1,446,990 |
Revenues |  | $ | 57,620 |  |  | $ | 24,748 |  |  | $ | 44,502 |  |  | $ | 1,320,120 |  |  | $ | 1,446,990 |
Schedule of Estimated Revenue by Business Segment | Schedule of Estimated Revenue by Business Segment
(in thousands) |  | National Retail Solutions |  |  | net2phone |  |  | Total |
Year ending July 31: |  |  |  |  |  |  |  |  |  |  |  |
2024 |  | $ | 6,608 |  |  | $ | 35,974 |  |  | $ | 42,582 |
2025 |  |  | 5,463 |  |  |  | 18,021 |  |  |  | 23,484 |
Thereafter |  |  | 5,433 |  |  |  | 6,694 |  |  |  | 12,127 |
TOTAL |  | $ | 17,504 |  |  | $ | 60,689 |  |  | $ | 78,193 |
Schedule of Deferred Customer Contract Acquisition Costs | The Company’s deferred customer contract acquisition costs were as follows: Schedule of Deferred Customer Contract Acquisition Costs
July 31 (in thousands) |  | 2023 |  |  | 2022 |
Deferred customer contract acquisition costs included in “Other current assets” |  | $ | 4,460 |  |  | $ | 4,085 |
Deferred customer contract acquisition costs included in “Other assets” |  |  | 3,734 |  |  |  | 3,469 |
TOTAL |  | $ | 8,194 |  |  | $ | 7,554 |

X
- Definition Tabular disclosure of cost capitalized in obtaining or fulfilling contract with customer. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 340 -SubTopic 40 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479483/340-40-50-3 + Details
Name: | us-gaap_CapitalizedContractCostTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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

X
- Definition Tabular disclosure of revenue from external customers by geographic areas attributed to the entity's country of domicile and to foreign countries from which the entity derives revenue. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Subparagraph a -SubTopic 10 -Topic 280 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 + Details
Name: | us-gaap_RevenueFromExternalCustomersByGeographicAreasTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of expected timing for satisfying remaining performance obligation. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(1) -SubTopic 10 -Topic 606 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-13 + Details
Name: | us-gaap_RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of entity-wide revenues from external customers for each product or service or each group of similar products or services if the information is not provided as part of the reportable operating segment information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 + Details
Name: | us-gaap_ScheduleOfEntityWideInformationRevenueFromExternalCustomersByProductsAndServicesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration