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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jan. 31, 2024
Jan. 31, 2023
Operating activities    
Net income $ 24,230 $ 27,864
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 10,146 9,801
Deferred income taxes 5,787 7,788
Provision for credit losses, doubtful accounts receivable, and reserve for settlement assets 1,696 915
Net unrealized loss from marketable securities 1,234 2,349
Stock-based compensation [1] 3,258 1,858
Other 1,595 1,359
Change in assets and liabilities:    
Trade accounts receivable (7,040) 2,483
Settlement assets, disbursement prefunding, prepaid expenses, other current assets, and other assets 9,966 2,323
Trade accounts payable, accrued expenses, settlement liabilities, other current liabilities, and other liabilities (12,021) (19,344)
Customer deposits at IDT Financial Services Limited (Gibraltar-based bank) 2,253 15
Deferred revenue (1,381) (1,795)
Net cash provided by operating activities 39,723 35,616
Investing activities    
Capital expenditures (8,885) (10,578)
Purchase of convertible preferred stock in equity method investment (1,009)
Payments for acquisition (60)
Purchases of debt securities and equity investments (19,357) (28,129)
Proceeds from maturities and sales of debt securities and redemptions of equity investments 31,231 27,531
Net cash provided by (used in) investing activities 1,920 (11,176)
Financing activities    
Distributions to noncontrolling interests (59) (187)
Proceeds from other liabilities 100 300
Repayment of other liabilities. (15) (2,014)
Proceeds from borrowings under revolving credit facility 30,588 2,383
Repayment of borrowings under revolving credit facility. (30,588) (2,383)
Proceeds from exercise of stock options 172 172
Repurchases of Class B common stock (3,170) (5,341)
Net cash used in financing activities (2,972) (7,070)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash and cash equivalents (3,182) 746
Net increase in cash, cash equivalents, and restricted cash and cash equivalents 35,489 18,116
Cash, cash equivalents, and restricted cash and cash equivalents at beginning of period 198,823 189,562
Cash, cash equivalents, and restricted cash and cash equivalents at end of period 234,312 207,678
Supplemental schedule of non-cash financing activities    
Restricted net2phone common stock withheld from employees for income tax obligations 3,558
Value of Class B common stock exchanged for National Retail Solutions shares 6,254
Stock issued to certain executive officers for bonus payments $ 615
[1] Stock-based compensation included in selling, general and administrative expenses