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Revenue Recognition (Tables)

6 Months Ended

Jan. 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  

		Three Months Ended January 31,								Six Months Ended January 31,
		2023				2022				2023				2022
		(in thousands)
BOSS Money		$	17,649			$	12,029			$	35,203			$	24,123
Other			2,672				2,570				5,005				4,706
Total Fintech			20,321				14,599				40,208				28,829
National Retail Solutions			19,822				10,620				39,135				20,692
net2phone			17,794				13,535				34,744				26,448
Mobile Top-Up			106,127				116,246				215,176				244,731
BOSS Revolution Calling			82,831				99,951				169,083				205,920
IDT Global			58,631				73,117				120,242				162,312
Other			8,410				8,990				17,164				18,209
Total Traditional Communications			255,999				298,304				521,665				631,172
Total		$	313,936			$	337,058			$	635,752			$	707,141

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:

Schedule of Revenues Disaggregated by Geographic Region  

(in thousands)		Fintech				National Retail Solutions				net2phone				Traditional Communications				Total
Three Months Ended January 31, 2023
United States		$	19,612			$	19,822			$	9,514			$	176,424			$	225,372
Outside the United States:
United Kingdom			—				—				—				69,000				69,000
Other			709				—				8,280				10,575				19,564
Total outside the United States			709				—				8,280				79,575				88,564
Total		$	20,321			$	19,822			$	17,794			$	255,999			$	313,936

(in thousands)		Fintech				National Retail Solutions				net2phone				Traditional Communications				Total
Three Months Ended January 31, 2022
United States		$	14,166			$	10,620			$	7,157			$	209,065			$	241,008
Outside the United States:
United Kingdom			—				—				—				77,337				77,337
Other			433				—				6,378				11,902				18,713
Total outside the United States			433				—				6,378				89,239				96,050
Total		$	14,599			$	10,620			$	13,535			$	298,304			$	337,058

(in thousands)		Fintech				National Retail Solutions				net2phone				Traditional Communications				Total
Six Months Ended January 31, 2023
United States		$	38,867			$	39,135			$	18,316			$	361,262			$	457,580
Outside the United States:
United Kingdom			—				—				—				137,940				137,940
Other			1,341				—				16,428				22,463				40,232
Total outside the United States			1,341				—				16,428				160,403				178,172
Total		$	40,208			$	39,135			$	34,744			$	521,665			$	635,752

(in thousands)		Fintech				National Retail Solutions				net2phone				Traditional Communications				Total
Six Months Ended January 31, 2022
United States		$	27,966			$	20,692			$	13,981			$	445,992			$	508,631
Outside the United States:
United Kingdom			—				—				—				159,080				159,080
Other			863				—				12,467				26,100				39,430
Total outside the United States			863				—				12,467				185,180				198,510
Total		$	28,829			$	20,692			$	26,448			$	631,172			$	707,141

Schedule of Information About Contract Liabilities

The following table presents information about the Company’s contract liability balance:

Schedule of Information About Contract Liabilities  

		Three Months Ended January 31,								Six Months Ended January 31,
		2023				2022				2023				2022
		(in thousands)
Revenue recognized in the period from amounts included in the contract liability balance at the beginning of the period		$	17,072			$	20,152			$	21,205			$	24,378

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  

		January 31, 2023				July 31, 2022
		(in thousands)
Deferred customer contract acquisition costs included in “Other current assets”		$	4,265			$	4,085
Deferred customer contract acquisition costs included in “Other assets”			3,465				3,469
Total		$	7,730			$	7,554

Schedule of Amortization of Deferred Customer Contract Acquisition Costs

The Company’s amortization of deferred customer contract acquisition costs during the periods were as follows:

 Schedule of Amortization of Deferred Customer Contract Acquisition Costs  

		Three Months Ended January 31,								Six Months Ended January 31,
		2023				2022				2023				2022
		(in thousands)
Amortization of deferred customer contract acquisition costs		$	1,228			$	1,030			$	2,405			$	2,042

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Tabular disclosure of cost capitalized in obtaining or fulfilling contract with customer.

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Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
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