XML 22 R12.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Leases | 6 Months Ended
--- | ---
Jan. 31, 2024
Leases |
Leases | Note 4—Leases The Company’s leases primarily consist of operating leases for office space. These leases have remaining terms from less than one year to six years. Certain of these leases contain renewal options that may be exercised and/or options to terminate the lease. The Company has concluded that it is not reasonably certain that it would exercise any of these options. net2phone is the lessee under equipment leases that are classified as finance leases. The assets and liabilities related to these finance leases are not material to the Company’s consolidated balance sheets. Supplemental disclosures related to the Company’s operating leases were as follows: Schedule of Supplemental Disclosures Related to the Company's Operating Leases
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
|  | Three Months Ended January 31, |  |  | Six Months Ended January 31, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
|  | (in thousands) |
Operating lease cost |  | $ | 734 |  |  | $ | 799 |  |  | $ | 1,492 |  |  | $ | 1,566 |
Short-term lease cost |  |  | 132 |  |  |  | 259 |  |  |  | 459 |  |  |  | 528 |
Total lease cost |  | $ | 866 |  |  | $ | 1,058 |  |  | $ | 1,951 |  |  | $ | 2,094 |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Operating cash flows from operating leases |  | $ | 724 |  |  | $ | 824 |  |  | $ | 1,515 |  |  | $ | 1,588 |
Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases |  |  | 724 |  |  |  | 824 |  |  |  | 1,515 |  |  |  | 1,588 |
Schedule of Supplemental Disclosures Related Weighted Average Operating Leases
|  | January 31, 2024 |  |  | July 31, 2023 |
Weighted-average remaining lease term-operating leases |  |  | 2.6 years |  |  |  | 2.3 years |
Weighted-average discount rate-operating leases |  |  | 4.3 | % |  |  | 3.7 | %
In the six months ended January 31, 2024 and 2023, the Company obtained right-of-use assets of $0.9 million and $1.7 million, respectively, in exchange for new operating lease liabilities. The Company’s aggregate operating lease liability was as follows: Schedule of Aggregate Operating Lease Liability
|  | January 31, 2024 |  |  | July 31, 2023 |
|  | (in thousands) |
Operating lease liabilities included in “Other current liabilities” |  | $ | 2,810 |  |  | $ | 2,861 |
Operating lease liabilities included in noncurrent liabilities |  |  | 2,448 |  |  |  | 2,881 |
Total |  | $ | 5,258 |  |  | $ | 5,742 |
Future minimum maturities of operating lease liabilities were as follows: Schedule of Future Minimum Maturities of Operating Lease Liabilities
(in thousands) |  |  |
Twelve-month period ending January 31: |  |  |  |
2025 |  | $ | 2,988 |
2026 |  |  | 1,344 |
2027 |  |  | 636 |
2028 |  |  | 320 |
2029 |  |  | 183 |
Thereafter |  |  | 152 |
Total lease payments |  |  | 5,623 |
Less imputed interest |  |  | (365 | )
Total operating lease liabilities |  | $ | 5,258 |

X
- References No definition available. + Details
Name: | IDT_DisclosureLeasesAbstract
Namespace Prefix: | IDT_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//842-20/tableOfContent + Details
Name: | us-gaap_LesseeOperatingLeasesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration