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Business Segment Information | 12 Months Ended
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Jul. 31, 2024
Segment Reporting [Abstract] |
Business Segment Information | Note 2—Business Segment Information The Company’s reportable segments are distinguished by types of service, customers, and methods used to provide their services. The operating results of these business segments are regularly reviewed by the Company’s CODM. The accounting policies of the segments are the same as the accounting policies of the Company as a whole. There are no significant asymmetrical allocations to segments. The Company evaluates the performance of its business segments based primarily on income (loss) from operations. The NRS segment is an operator of a nationwide POS network providing independent retailers with store management software, electronic payment processing, and other ancillary merchant services. NRS’ POS platform provides marketers with digital out-of-home advertising and transaction data. The Fintech segment is comprised of: (i) BOSS Money, a provider of international money remittance and related value/payment transfer services; and (ii) other, significantly smaller, financial services businesses, including a variable interest entity that operates money transfer businesses, and IDT Financial Services Limited (“IDT Financial Services”), the Company’s Gibraltar-based bank. The net2phone segment is comprised of net2phone’s integrated cloud communications and contact center services. The Traditional Communications segment includes: (i) IDT Digital Payments, which enables customers to transfer airtime and bundles of airtime, messaging, and data to international and domestic mobile accounts; (ii) BOSS Revolution (formerly BOSS Revolution Calling), an international long-distance calling service marketed primarily to immigrant communities in the United States and Canada; and (iii) IDT Global, a wholesale provider of international voice and SMS termination and outsourced traffic management solutions to telecoms worldwide. Traditional Communications also includes other small businesses and offerings including early-stage business initiatives and mature businesses in harvest mode. Corporate costs mainly include compensation, consulting fees, treasury, tax and accounting services, human resources, corporate purchasing, corporate governance including Board of Directors’ fees, internal and external audit, investor relations, corporate insurance, corporate legal, and other corporate-related general and administrative expenses. Corporate does not generate any revenues, nor does it incur any direct cost of revenues. Operating results for the business segments of the Company were as follows: Schedule of Operating Results of Business Segments
(in thousands) |  | National Retail Solutions |  |  | Fintech |  |  | net2phone |  |  | Traditional Communications |  |  | Corporate |  |  | Total |
Year ended July 31, 2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues |  | $ | 103,141 |  |  | $ | 120,721 |  |  | $ | 82,325 |  |  | $ | 899,591 |  |  | $ | — |  |  | $ | 1,205,778 |
Income (loss) from operations |  |  | 21,626 |  |  |  | (130 | ) |  |  | 1,681 |  |  |  | 56,435 |  |  |  | (14,859 | ) |  |  | 64,753 |
Depreciation and amortization |  |  | (3,200 | ) |  |  | (2,872 | ) |  |  | (6,133 | ) |  |  | (8,064 | ) |  |  | (82 | ) |  |  | (20,351 | )
Year ended July 31, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues |  | $ | 77,115 |  |  | $ | 86,610 |  |  | $ | 72,388 |  |  | $ | 1,002,741 |  |  | $ | — |  |  | $ | 1,238,854 |
Income (loss) from operations |  |  | 14,400 |  |  |  | (2,533 | ) |  |  | (2,755 | ) |  |  | 61,288 |  |  |  | (9,657 | ) |  |  | 60,743 |
Depreciation and amortization |  |  | (2,363 | ) |  |  | (2,683 | ) |  |  | (5,608 | ) |  |  | (9,428 | ) |  |  | (54 | ) |  |  | (20,136 | )
Year ended July 31, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues |  | $ | 51,299 |  |  | $ | 64,593 |  |  | $ | 58,185 |  |  | $ | 1,189,980 |  |  | $ | — |  |  | $ | 1,364,057 |
Income (loss) from operations |  |  | 11,208 |  |  |  | (6,887 | ) |  |  | (11,132 | ) |  |  | 75,826 |  |  |  | (8,926 | ) |  |  | 60,089 |
Depreciation and amortization |  |  | (906 | ) |  |  | (2,231 | ) |  |  | (5,374 | ) |  |  | (9,527 | ) |  |  | (77 | ) |  |  | (18,115 | )
Total assets for the reportable segments are not provided because a significant portion of the Company’s assets service multiple segments and the Company does not track such assets separately by segment. Geographic Information Net long-lived assets and total assets held outside of the United States, which are located primarily in Western Europe, were as follows: Schedule of Net Long-lived Assets and Total Assets by Geographic Areas
(in thousands) |  | United States |  |  | Other Countries |  |  | Total |
July 31, 2024 |  |  |  |  |  |  |  |  |  |  |  |
Long-lived assets, net |  | $ | 28,825 |  |  | $ | 13,100 |  |  | $ | 41,925 |
Total assets |  |  | 305,738 |  |  |  | 244,357 |  |  |  | 550,095 |
July 31, 2023 |  |  |  |  |  |  |  |  |  |  |  |
Long-lived assets, net |  | $ | 29,415 |  |  | $ | 14,780 |  |  | $ | 44,195 |
Total assets |  |  | 267,746 |  |  |  | 243,064 |  |  |  | 510,810 |

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- Definition The entire disclosure for reporting segments including data and tables. 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