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Other Operating Expense, Net | 9 Months Ended
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Apr. 30, 2023
Other Income and Expenses [Abstract] |
Other Operating Expense, Net | Note 10—Other Operating Expense, Net The following table summarizes the other operating expense, net by business segment: Schedule of Other Operating Expense, Net
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
|  | Three Months Ended April 30, |  |  | Nine Months Ended April 30, |
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
|  | (in thousands) |
Corporate—Straight Path Communications Inc. class action legal fees |  | $ | (973 | ) |  | $ | (1,410 | ) |  | $ | (5,082 | ) |  | $ | (5,081 | )
Corporate—Straight Path Communications Inc. class action insurance claims |  |  | 337 |  |  |  | 1,252 |  |  |  | 3,325 |  |  |  | 4,139 |
Fintech—write-off of contingent consideration liability |  |  | — |  |  |  | — |  |  |  | 1,565 |  |  |  | — |
Fintech— government grants |  |  | — |  |  |  | 13 |  |  |  | 382 |  |  |  | 13 |
net2phone—write-off of contingent consideration liability |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 303 |
net2phone—other |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (10 | )
Traditional Communications— cable telephony customer indemnification claim |  |  | (3,912 | ) |  |  | (33 | ) |  |  | (3,925 | ) |  |  | (68 | )
Traditional Communications—contingent consideration liability |  |  | (216 | ) |  |  | — |  |  |  | (216 | ) |  |  | — |
Traditional Communications—other |  |  | — |  |  |  | (1 | ) |  |  | 3 |  |  |  | (5 | )
Total other operating expense, net |  | $ | (4,764 | ) |  | $ | (179 | ) |  | $ | (3,948 | ) |  | $ | (709 | )
Straight Path Communications Inc. Class Action As discussed in Note 16, the Company (as well as other defendants) has been named in a pending class action on behalf of the stockholders of the Company’s former subsidiary, Straight Path Communications Inc. (“Straight Path”). 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, 2023 and 2022. Contingent Consideration Liabilities In the nine months ended April 30, 2023, the Company determined that the requirements for a portion of the contingent consideration payments related to the Leaf acquisition would not be met. In addition, in the nine months ended April 30, 2022, the Company determined that the requirements for a contingent consideration payment related to an acquisition in December 2019 would not be met before the expiration date. The Company recognized gains on the write-off of these contingent consideration payment obligations in the Fintech and net2phone segments, respectively. Also, in the three and nine months ended April 30, 2023, the Company increased the estimated fair value of acquisition-related contingent consideration in its Traditional Communications segment by $0.2 million. Government Grants In the nine months ended April 30, 2023 and in the three and nine months ended April 30, 2022, Leaf received payments from government grants for the development and commercialization of blockchain-backed financial technologies. Indemnification Claim Beginning in June 2019, as part of a commercial resolution, the Company indemnified a cable telephony customer related to patent infringement claims brought against the customer. On May 8, 2023, the Company and the customer agreed to release the Company from the indemnification agreement in exchange for $3.9 million, of which $1.9 million was paid on May 10, 2023 and the remainder will be paid in five monthly invoice deductions of $0.4 million each.

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