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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Jul. 31, 2024
Jul. 31, 2023
Jul. 31, 2022
OPERATING ACTIVITIES      
Net income $ 68,264 $ 44,366 $ 29,005
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 20,351 20,136 18,115
Deferred income taxes (10,907) 12,601 4,801
Provision for credit losses, doubtful accounts receivable, and reserve for settlement assets 4,390 2,198 2,330
Net unrealized loss from marketable securities 1,435 3,368 18,960
Stock-based compensation 7,397 4,518 1,930
Other 3,144 3,175 3,379
Changes in assets and liabilities:      
Trade accounts receivable (12,701) 4,726 (8,279)
Settlement assets, disbursement prefunding, prepaid expenses, other current assets, and other assets 12,735 (17,503) (21,046)
Trade accounts payable, accrued expenses, settlement liabilities, other current liabilities, and other liabilities (7,459) (17,216) (1,110)
Customer deposits at IDT Financial Services Limited (Gibraltar-based bank) (3,442) (4,200) (15,966)
Deferred revenue (5,016) (2,029) (2,712)
Net cash provided by operating activities 78,191 54,140 29,407
INVESTING ACTIVITIES      
Capital expenditures (18,922) (21,958) (21,879)
Payments for acquisitions, net of cash acquired (7,552)
Purchase of convertible preferred stock in equity method investment (2,017) (840) (1,051)
Purchases of debt securities and equity investments (29,921) (59,872) (24,454)
Proceeds from maturities and sales of debt securities and redemption of equity investments 50,112 49,211 21,157
Net cash used in investing activities (748) (33,459) (33,779)
FINANCING ACTIVITIES      
Dividends paid (2,536)
Distributions to noncontrolling interests (112) (348) (514)
Proceeds from notes payable 300 2,301
Repayment of notes payable (2,037) (1,319)
Proceeds from sale of redeemable equity in subsidiary 10,000
Proceeds from borrowings under revolving credit facility 32,864 27,383 2,566
Repayments of borrowings under revolving credit facility (32,864) (27,383) (2,566)
Purchase of restricted shares of net2phone and National Retail Solutions common stock (4,131)
Proceeds from exercise of stock options 172 172 137
Repurchases of Class B common stock (10,619) (13,896) (26,222)
Net cash used in financing activities (17,226) (15,809) (15,617)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash and cash equivalents (3,584) 4,389 (17,365)
Net increase (decrease) in cash, cash equivalents, and restricted cash and cash equivalents 56,633 9,261 (37,354)
Cash, cash equivalents, and restricted cash and cash equivalents at beginning of year 198,823 189,562 226,916
Cash, cash equivalents, and restricted cash and cash equivalents at end of year 255,456 198,823 189,562
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION      
Cash payments made for interest 429 536 461
Cash payments made for income taxes 527 777 109
SUPPLEMENTAL SCHEDULE OF NON-CASH INVESTING AND FINANCING ACTIVITIES      
Value of the Company’s Class B common stock exchanged for National Retail Solutions shares 6,696
Conversion of equity method investment’s secured promissory notes into convertible preferred stock 4,038
Shares of the Company’s Class B common stock issued to certain executive officers for bonus payments 1,494 615
Liabilities incurred for acquisitions 7,849
Shares of the Company’s Class B common stock issued for business acquisitions 100 100 1,000
Cashless exercise of stock options in exchange for shares of the Company’s Class B common stock $ 14,930