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v3.23.1

Revenue Recognition (Tables) | 9 Months Ended
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Apr. 30, 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
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
|  | Three Months Ended April 30, |  |  | Nine Months Ended April 30, |
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
|  | (in thousands) |
BOSS Money |  | $ | 19,441 |  |  | $ | 15,084 |  |  | $ | 54,644 |  |  | $ | 39,207 |
Other |  |  | 2,346 |  |  |  | 2,131 |  |  |  | 7,351 |  |  |  | 6,837 |
Total Fintech |  |  | 21,787 |  |  |  | 17,215 |  |  |  | 61,995 |  |  |  | 46,044 |
National Retail Solutions |  |  | 18,073 |  |  |  | 11,383 |  |  |  | 57,208 |  |  |  | 32,075 |
net2phone |  |  | 18,392 |  |  |  | 15,555 |  |  |  | 53,136 |  |  |  | 42,003 |
IDT Digital Payments |  |  | 101,030 |  |  |  | 115,864 |  |  |  | 316,207 |  |  |  | 360,594 |
BOSS Revolution Calling |  |  | 77,646 |  |  |  | 91,768 |  |  |  | 246,729 |  |  |  | 297,688 |
IDT Global |  |  | 54,473 |  |  |  | 67,094 |  |  |  | 174,715 |  |  |  | 229,407 |
Other |  |  | 7,894 |  |  |  | 9,474 |  |  |  | 25,057 |  |  |  | 27,683 |
Total Traditional Communications |  |  | 241,043 |  |  |  | 284,200 |  |  |  | 762,708 |  |  |  | 915,372 |
Total |  | $ | 299,295 |  |  | $ | 328,353 |  |  | $ | 935,047 |  |  | $ | 1,035,494 |
Revenues |  | $ | 299,295 |  |  | $ | 328,353 |  |  | $ | 935,047 |  |  | $ | 1,035,494 |
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 April 30, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 21,124 |  |  | $ | 18,073 |  |  | $ | 9,571 |  |  | $ | 166,854 |  |  | $ | 215,622 |
Outside the United States: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
United Kingdom |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 64,415 |  |  |  | 64,415 |
Other |  |  | 663 |  |  |  | — |  |  |  | 8,821 |  |  |  | 9,774 |  |  |  | 19,258 |
Total outside the United States |  |  | 663 |  |  |  | — |  |  |  | 8,821 |  |  |  | 74,189 |  |  |  | 83,673 |
Total |  | $ | 21,787 |  |  | $ | 18,073 |  |  | $ | 18,392 |  |  | $ | 241,043 |  |  | $ | 299,295 |
Revenues |  | $ | 21,787 |  |  | $ | 18,073 |  |  | $ | 18,392 |  |  | $ | 241,043 |  |  | $ | 299,295 |
(in thousands) |  | Fintech |  |  | National Retail Solutions |  |  | net2phone |  |  | Traditional Communications |  |  | Total |
Three Months Ended April 30, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 16,716 |  |  | $ | 11,383 |  |  | $ | 7,732 |  |  | $ | 198,174 |  |  | $ | 234,005 |
Outside the United States: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
United Kingdom |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 74,567 |  |  |  | 74,567 |
Other |  |  | 499 |  |  |  | — |  |  |  | 7,823 |  |  |  | 11,459 |  |  |  | 19,781 |
Total outside the United States |  |  | 499 |  |  |  | — |  |  |  | 7,823 |  |  |  | 86,026 |  |  |  | 94,348 |
Total |  | $ | 17,215 |  |  | $ | 11,383 |  |  | $ | 15,555 |  |  | $ | 284,200 |  |  | $ | 328,353 |
Revenues |  | $ | 17,215 |  |  | $ | 11,383 |  |  | $ | 15,555 |  |  | $ | 284,200 |  |  | $ | 328,353 |
(in thousands) |  | Fintech |  |  | National Retail Solutions |  |  | net2phone |  |  | Traditional Communications |  |  | Total |
Nine Months Ended April 30, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 59,991 |  |  | $ | 57,208 |  |  | $ | 27,888 |  |  | $ | 528,116 |  |  | $ | 673,203 |
Outside the United States: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
United Kingdom |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 202,355 |  |  |  | 202,355 |
Other |  |  | 2,004 |  |  |  | — |  |  |  | 25,248 |  |  |  | 32,237 |  |  |  | 59,489 |
Total outside the United States |  |  | 2,004 |  |  |  | — |  |  |  | 25,248 |  |  |  | 234,592 |  |  |  | 261,844 |
Total |  | $ | 61,995 |  |  | $ | 57,208 |  |  | $ | 53,136 |  |  | $ | 762,708 |  |  | $ | 935,047 |
Revenues |  | $ | 61,995 |  |  | $ | 57,208 |  |  | $ | 53,136 |  |  | $ | 762,708 |  |  | $ | 935,047 |
(in thousands) |  | Fintech |  |  | National Retail Solutions |  |  | net2phone |  |  | Traditional Communications |  |  | Total |
Nine Months Ended April 30, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 44,683 |  |  | $ | 32,075 |  |  | $ | 21,713 |  |  | $ | 644,166 |  |  | $ | 742,637 |
Outside the United States: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
United Kingdom |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 233,647 |  |  |  | 233,647 |
Other |  |  | 1,361 |  |  |  | — |  |  |  | 20,290 |  |  |  | 37,559 |  |  |  | 59,210 |
Total outside the United States |  |  | 1,361 |  |  |  | — |  |  |  | 20,290 |  |  |  | 271,206 |  |  |  | 292,857 |
Total |  | $ | 46,044 |  |  | $ | 32,075 |  |  | $ | 42,003 |  |  | $ | 915,372 |  |  | $ | 1,035,494 |
Revenues |  | $ | 46,044 |  |  | $ | 32,075 |  |  | $ | 42,003 |  |  | $ | 915,372 |  |  | $ | 1,035,494 |
Schedule of Information About Contract Liabilities | The following table presents information about the Company’s contract liability balance: Schedule of Information About Contract Liabilities
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
|  | Three Months Ended April 30, |  |  | Nine Months Ended April 30, |
|  | 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 |  | $ | 16,772 |  |  | $ | 18,751 |  |  | $ | 21,890 |  |  | $ | 25,437 |
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
|  | April 30, 2023 |  |  | July 31, 2022 |
|  | (in thousands) |
Deferred customer contract acquisition costs included in “Other current assets” |  | $ | 4,343 |  |  | $ | 4,085 |
Deferred customer contract acquisition costs included in “Other assets” |  |  | 3,542 |  |  |  | 3,469 |
Total |  | $ | 7,885 |  |  | $ | 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
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
|  | Three Months Ended April 30, |  |  | Nine Months Ended April 30, |
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
|  | (in thousands) |
Amortization of deferred customer contract acquisition costs |  | $ | 1,226 |  |  | $ | 1,121 |  |  | $ | 3,631 |  |  | $ | 3,163 |

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