IDT (IDT) 10-Q 14 Mar 22 2022 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Jan. 31, 2022	Mar. 09, 2022
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Jan. 31, 2022
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2022
Current Fiscal Year End Date	--07-31
Entity File Number	1-16371
Entity Registrant Name	IDT CORPORATION
Entity Central Index Key	0001005731
Entity Tax Identification Number	22-3415036
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	520 Broad Street
Entity Address, City or Town	Newark
Entity Address, State or Province	NJ
Entity Address, Postal Zip Code	07102
City Area Code	(973)
Local Phone Number	438-1000
Title of 12(b) Security	Class B common stock, par value $.01 per share
Trading Symbol	IDT
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Common Class A [Member]
Entity Common Stock, Shares Outstanding		1,574,326
Common Class B [Member]
Entity Common Stock, Shares Outstanding		24,330,161

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Jan. 31, 2022	Jul. 31, 2021
Current assets:
Cash and cash equivalents	$ 104,268	$ 107,147
Restricted cash and cash equivalents	116,284	119,769
Debt securities	15,490	14,012
Equity investments	28,494	42,434
Trade accounts receivable, net of allowance for doubtful accounts of $4,896 at January 31, 2022 and $4,438 at July 31, 2021	53,247	46,644
Disbursement prefunding	29,226	27,656
Prepaid expenses	17,408	13,694
Other current assets	22,582	16,779
Total current assets	386,999	388,135
Property, plant, and equipment, net	31,639	30,829
Goodwill	15,081	14,897
Other intangibles, net	6,940	7,578
Equity investments	8,355	11,654
Operating lease right-of-use assets	7,100	7,671
Deferred income tax assets, net	39,539	41,502
Other assets	10,241	10,389
Total assets	505,894	512,655
Current liabilities:
Trade accounts payable	23,800	24,502
Accrued expenses	122,372	129,085
Deferred revenue	40,592	42,293
Customer deposits	109,862	115,524
Other current liabilities	30,744	27,930
Total current liabilities	327,370	339,334
Operating lease liabilities	5,014	5,473
Other liabilities	467	1,234
Total liabilities	332,851	346,041
Redeemable noncontrolling interest	10,063
IDT Corporation stockholders’ equity:
Preferred stock, $.01 par value; authorized shares—10,000; no shares issued
Additional paid-in capital	278,613	278,021
Treasury stock, at cost, consisting of 1,698 and 1,698 shares of Class A common stock and 2,392 and 2,192 shares of Class B common stock at January 31, 2022 and July 31, 2021, respectively	(69,387)	(60,413)
Accumulated other comprehensive loss	(11,088)	(10,183)
Accumulated deficit	(37,843)	(42,858)
Total IDT Corporation stockholders’ equity	160,595	164,864
Noncontrolling interests	2,385	1,750
Total equity	162,980	166,614
Total liabilities and equity	505,894	512,655
Common Class A [Member]
IDT Corporation stockholders’ equity:
Common stock, value	33	33
Common Class B [Member]
IDT Corporation stockholders’ equity:
Common stock, value	$ 267	$ 264

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jan. 31, 2022	Jul. 31, 2021
Accounts Receivable, Allowance for Credit Loss, Current	$ 4,896	$ 4,438
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	0	0
Common Class A [Member]
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	35,000,000	35,000,000
Common stock, shares issued	3,272,000	3,272,000
Common stock, shares outstanding	1,574,000	1,574,000
Treasury Stock, Shares	1,698,000	1,698,000
Common Class B [Member]
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	200,000,000	200,000,000
Common stock, shares issued	26,684,000	26,379,000
Common stock, shares outstanding	24,292,000	24,187,000
Treasury Stock, Shares	2,392,000	2,192,000

Consolidated Statements of Inco

Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jan. 31, 2022	Jan. 31, 2021	Jan. 31, 2022	Jan. 31, 2021
Income Statement [Abstract]
Revenues	$ 337,058	$ 339,766	$ 707,141	$ 683,191
Costs and expenses:
Direct cost of revenues (exclusive of depreciation and amortization)	257,325	269,145	548,950	542,319
Selling, general and administrative (i)	61,070	54,298	121,177	106,442
Depreciation and amortization	4,378	4,464	8,825	8,956
Severance	29	143	67	255
Total costs and expenses	322,802	328,050	679,019	657,972
Other operating (expense) gain, net (see Note 10)	(442)	1,207	(530)	955
Income from operations	13,814	12,923	27,592	26,174
Interest income, net	119	139	132	98
Other (expense) income, net	(2,949)	3,170	(19,165)	1,792
Income before income taxes	10,984	16,232	8,559	28,064
Provision for income taxes	(2,734)	(3,027)	(2,648)	(6,444)
Net income	8,250	13,205	5,911	21,620
Net (income) attributable to noncontrolling interests	(763)	(97)	(896)	(224)
Net income attributable to IDT Corporation	$ 7,487	$ 13,108	$ 5,015	$ 21,396
Earnings per share attributable to IDT Corporation common stockholders:
Basic	$ 0.29	$ 0.52	$ 0.20	$ 0.84
Diluted	$ 0.28	$ 0.51	$ 0.19	$ 0.83
Weighted-average number of shares used in calculation of earnings per share:
Basic	25,652,000	25,362,000	25,609,000	25,448,000
Diluted	26,542,000	25,713,000	26,580,000	25,787,000

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jan. 31, 2022	Jan. 31, 2021	Jan. 31, 2022	Jan. 31, 2021
Income Statement [Abstract]
Stock-based compensation included in selling, general and administrative expenses	$ 310	$ 434	$ 595	$ 940

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jan. 31, 2022	Jan. 31, 2021	Jan. 31, 2022	Jan. 31, 2021
Income Statement [Abstract]
Net income	$ 8,250	$ 13,205	$ 5,911	$ 21,620
Other comprehensive (loss) income:
Change in unrealized loss on available-for-sale securities	(212)	46	(323)	17
Foreign currency translation adjustments	(1,650)	(1,815)	(582)	(1,564)
Other comprehensive loss	(1,862)	(1,769)	(905)	(1,547)
Comprehensive income	6,388	11,436	5,006	20,073
Comprehensive (income) attributable to noncontrolling interests	(763)	(97)	(896)	(224)
Comprehensive income attributable to IDT Corporation	$ 5,625	$ 11,339	$ 4,110	$ 19,849

Consolidated Statements of Equi

Consolidated Statements of Equity (Unaudited) - USD ($) $ in Thousands	Total	Common Stock [Member]Class A Common Stock [Member]	Common Stock [Member]Class B Common Stock [Member]	Additional Paid-in Capital [Member]	Treasury Stock [Member]	AOCI Attributable to Parent [Member]	Retained Earnings [Member]	Noncontrolling Interest [Member]
BALANCE at Jul. 31, 2020	$ 71,139	$ 33	$ 260	$ 277,443	$ (56,221)	$ (7,410)	$ (139,333)	$ (3,633)
Exercise of stock options	686			686
Repurchases of Class B common stock through repurchase program	(2,849)				(2,849)
Restricted Class B common stock purchased from employees	(1,343)				(1,343)
Grant of restricted equity in subsidiary				(2,195)				2,195
Business acquisition	2,188							2,188
Stock-based compensation	940		3	937
Distributions to noncontrolling interests	(418)							(418)
Other comprehensive loss	(1,547)					(1,547)
Net income	21,620						21,396	224
BALANCE at Jan. 31, 2021	90,416	33	263	276,871	(60,413)	(8,957)	(117,937)	556
BALANCE at Oct. 31, 2020	77,583	33	260	278,134	(59,077)	(7,188)	(131,045)	(3,534)
Exercise of stock options	501			501
Restricted Class B common stock purchased from employees	(1,336)				(1,336)
Grant of restricted equity in subsidiary				(2,195)				2,195
Business acquisition	2,188							2,188
Stock-based compensation	434		3	431
Distributions to noncontrolling interests	(390)							(390)
Other comprehensive loss	(1,769)					(1,769)
Net income	13,205						13,108	97
BALANCE at Jan. 31, 2021	90,416	33	263	276,871	(60,413)	(8,957)	(117,937)	556
BALANCE at Jul. 31, 2021	166,614	33	264	278,021	(60,413)	(10,183)	(42,858)	1,750
Restricted Class B common stock purchased from employees	(8,974)				(8,974)
Stock-based compensation	595		3	592
Distributions to noncontrolling interests	(198)							(198)
Other comprehensive loss	(905)					905
Net income	5,848						5,015	833
BALANCE at Jan. 31, 2022	162,980	33	267	278,613	(69,387)	(11,088)	(37,843)	2,385
BALANCE at Oct. 31, 2021	165,298	33	264	278,306	(60,439)	(9,226)	(45,330)	1,690
Restricted Class B common stock purchased from employees	(8,948)				(8,948)
Stock-based compensation	310		3	307
Distributions to noncontrolling interests	(15)							(15)
Other comprehensive loss	(1,862)					(1,862)
Net income	8,197						7,487	710
BALANCE at Jan. 31, 2022	$ 162,980	$ 33	$ 267	$ 278,613	$ (69,387)	$ (11,088)	$ (37,843)	$ 2,385

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jan. 31, 2022	Jan. 31, 2021
Operating activities
Net income	$ 5,911	$ 21,620
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	8,825	8,956
Deferred income taxes	1,683	5,881
Provision for doubtful accounts receivable	1,289	1,069
Net unrealized loss (gain) from marketable securities	16,242	(286)
Stock-based compensation	595	940
Other	2,850	269
Change in assets and liabilities:
Trade accounts receivable	(8,045)	(7,330)
Disbursement prefunding, prepaid expenses, other current assets, and other assets	(8,551)	4,965
Trade accounts payable, accrued expenses, other current liabilities, and other liabilities	(6,313)	1,631
Customer deposits at IDT Financial Services Limited (Gibraltar-based bank)	(1,862)	(11,136)
Deferred revenue	(960)	(968)
Net cash provided by operating activities	11,664	25,611
Investing activities
Capital expenditures	(8,991)	(8,825)
Purchase of convertible preferred stock in equity method investment	(1,051)
Payments for acquisitions, net of cash acquired	(100)	(2,388)
Purchase of Rafael Holdings, Inc. Class B common stock and warrant		(5,000)
Purchases of debt securities and equity investments	(10,825)	(34,436)
Proceeds from maturities and sales of debt securities and redemptions of equity investments	6,068	11,575
Net cash used in investing activities	(14,899)	(39,074)
Financing activities
Distributions to noncontrolling interests	(198)	(418)
Proceeds from other liabilities	2,301
Repayment of other liabilities.	(1,291)	(56)
Proceeds from borrowings under revolving credit facility	2,488
Repayment of borrowings under revolving credit facility	(2,488)
Proceeds from sale of redeemable equity in subsidiary	10,000
Proceeds from exercise of stock options		686
Repurchases of Class B common stock	(8,974)	(4,192)
Net cash provided by (used in) financing activities	1,838	(3,980)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash and cash equivalents	(4,967)	5,560
Net decrease in cash, cash equivalents, and restricted cash and cash equivalents	(6,364)	(11,883)
Cash, cash equivalents, and restricted cash and cash equivalents at beginning of period	226,916	201,222
Cash, cash equivalents, and restricted cash and cash equivalents at end of period	220,552	189,339
Supplemental schedule of non-cash investing and financing activities
Liabilities incurred for acquisition		$ 393

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jan. 31, 2022
Accounting Policies [Abstract]
Basis of Presentation	Note 1— Basis of Presentation The accompanying unaudited consolidated financial statements of IDT Corporation and its subsidiaries (the “Company” or “IDT”) have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and notes required by U.S. GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Operating results for the three and six months ended January 31, 2022 are not necessarily indicative of the results that may be expected for the fiscal year ending July 31, 2022. The balance sheet at July 31, 2021 has been derived from the Company’s audited financial statements at that date but does not include all of the information and notes required by U.S. GAAP for complete financial statements. For further information, please refer to the consolidated financial statements and footnotes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended July 31, 2021, as filed with the U.S. Securities and Exchange Commission (the “SEC”). The Company’s fiscal year ends on July 31 of each calendar year. Each reference below to a fiscal year refers to the fiscal year ending in the calendar year indicated (e.g., fiscal 2022 refers to the fiscal year ending July 31, 2022).

Business Segment Information

Business Segment Information	6 Months Ended
	Jan. 31, 2022
Segment Reporting [Abstract]
Business Segment Information	Note 2— Business Segment Information The Company has three The Fintech segment is comprised of National Retail Solutions (“NRS”), an operator of a nationwide point of sale (“POS”) network providing payment processing, digital advertising, transaction data, and ancillary services, and BOSS Revolution Money Transfer, a provider of international money remittance and related value/payment transfer services. The net2phone-UCaaS segment is comprised of net2phone’s cloud communications offerings. The Traditional Communications segment includes Mobile Top-Up, which enables customers to transfer airtime and bundles of airtime, messaging, and data to international and domestic mobile accounts, BOSS Revolution Calling, an international long-distance calling service marketed primarily to immigrant communities in the United States and Canada, and Carrier Services, a wholesale provider of international voice and SMS termination and outsourced traffic management solutions to telecoms worldwide. Traditional Communications also includes other smaller businesses, many in harvest mode. Corporate costs 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, business development, charitable contributions, travel, 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) Fintech net2phone-UCaaS Traditional Communications Corporate Total Three Months Ended January 31, 2022 Revenues $ 23,082 $ 13,535 $ 300,441 $ — $ 337,058 (Loss) income from operations (173 ) (2,866 ) 19,857 (3,004 ) 13,814 Three Months Ended January 31, 2021 Revenues $ 18,498 $ 10,866 $ 310,402 $ — $ 339,766 (Loss) income from operations (247 ) (3,658 ) 19,122 (2,294 ) 12,923 Six Months Ended January 31, 2022 Revenues $ 45,650 $ 26,448 $ 635,043 $ — $ 707,141 (Loss) income from operations (220 ) (7,058 ) 39,984 (5,114 ) 27,592 Six Months Ended January 31, 2021 Revenues $ 38,585 $ 20,568 $ 624,038 $ — $ 683,191 Income (loss) from operations 2,889 (7,538 ) 34,981 (4,158 ) 26,174

Revenue Recognition

Revenue Recognition	6 Months Ended
	Jan. 31, 2022
Revenue from Contract with Customer [Abstract]
Revenue Recognition	Note 3— Revenue Recognition The Company earns revenue from contracts with customers, primarily through the provision of retail telecommunications and payment offerings as well as wholesale international voice and SMS termination. BOSS Revolution Money Transfer, NRS, and net2phone-UCaaS are technology-driven, synergistic businesses that leverage the Company’s core assets, and revenue is primarily recognized at a point in time, and in some cases (mainly net2phone-UCaaS) is recognized over time. Traditional Communications are mostly minute-based, paid-voice communications services, and revenue is primarily recognized at a point in time. The Company’s most significant revenue streams are from Mobile Top-Up, BOSS Revolution Calling, and Carrier Services. Mobile Top-Up and BOSS Revolution Calling are sold direct-to-consumers and through distributors and retailers. Disaggregated Revenues 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 2022 2021 2022 2021 Three Months Ended January 31, Six Months Ended January 31, 2022 2021 2022 2021 (in thousands) BOSS Revolution Money Transfer $ 12,462 $ 13,280 $ 24,958 $ 28,438 National Retail Solutions 10,620 5,218 20,692 10,147 Total Fintech 23,082 18,498 45,650 38,585 net2phone-UCaaS 13,535 10,866 26,448 20,568 Mobile Top-Up 116,246 96,562 244,731 192,397 BOSS Revolution Calling 99,951 113,903 205,920 231,253 Carrier Services 73,117 87,155 162,312 174,928 Other 11,127 12,782 22,080 25,460 Total Traditional Communications 300,441 310,402 635,043 624,038 Total $ 337,058 $ 339,766 $ 707,141 $ 683,191 The following table shows the Company’s revenues disaggregated by geographic region, which is determined based on selling location. On February 1, 2021, the Company changed the geographic sourcing of certain revenues from the United States to the United Kingdom. Schedule of Revenues Disaggregated by Geographic Region (in thousands) Fintech net2phone-UCaaS Traditional Communications Total Three Months Ended January 31, 2022 United States $ 23,082 $ 7,157 $ 210,694 $ 240,933 Outside the United States: United Kingdom — — 77,894 77,894 Other — 6,378 11,853 18,231 Total outside the United States — 6,378 89,747 96,125 Total $ 23,082 $ 13,535 $ 300,441 $ 337,058 (in thousands) Fintech net2phone-UCaaS Traditional Communications Total Three Months Ended January 31, 2021 United States $ 18,498 $ 5,680 $ 265,315 $ 289,493 Outside the United States: United Kingdom — — 31,929 31,929 Other — 5,186 13,158 18,344 Total outside the United States — 5,186 45,087 50,273 Total $ 18,498 $ 10,866 $ 310,402 $ 339,766 (in thousands) Fintech net2phone-UCaaS Traditional Communications Total Six Months Ended January 31, 2022 United States $ 45,650 $ 13,981 $ 449,386 $ 509,017 Outside the United States: United Kingdom — — 159,663 159,663 Other — 12,467 25,994 38,461 Total outside the United States — 12,467 185,657 198,124 Total $ 45,650 $ 26,448 $ 635,043 $ 707,141 (in thousands) Fintech net2phone-UCaaS Traditional Communications Total Six Months Ended January 31, 2021 United States $ 38,585 $ 10,769 $ 535,938 $ 585,292 Outside the United States: United Kingdom — — 61,350 61,350 Other — 9,799 26,750 36,549 Total outside the United States — 9,799 88,100 97,899 Total $ 38,585 $ 20,568 $ 624,038 $ 683,191 Remaining Performance Obligations The Company does not have any significant revenue from performance obligations satisfied or partially satisfied in previous reporting periods. The Company’s remaining performance obligations as of January 31, 2022 and July 31, 2021 had an original expected duration of one year or less. Accounts Receivable and Contract Balances The timing of revenue recognition may differ from the time of billing to the Company’s customers. Trade accounts receivable in the Company’s consolidated balance sheets represent unconditional rights to consideration. The Company would record a contract asset when revenue is recognized in advance of its right to bill and receive consideration. The Company has not identified any contract assets. Contract liabilities arise when the Company receives consideration or bills its customers prior to providing the goods or services promised in the contract. The Company’s contract liability balance is primarily payments received for prepaid BOSS Revolution Calling. Contract liabilities are recognized as revenue when services are provided to the customer. The contract liability balances are presented in the Company’s consolidated balance sheets as “Deferred revenue”. The following table presents information about the Company’s contract liability balance: Schedule of Information About Contract Liability Balance 2022 2021 2022 2021 Three Months Ended January 31, Six Months Ended January 31, 2022 2021 2022 2021 (in thousands) Revenue recognized in the period from amounts included in the contract liability balance at the beginning of the period $ 20,152 $ 22,818 $ 24,378 $ 26,451 Deferred Customer Contract Acquisition and Fulfillment Costs The Company recognizes as an asset its incremental costs of obtaining a contract with a customer that it expects to recover. The Company’s costs to fulfill its contracts do not meet the criteria to be recognized as an asset, therefore these costs are charged to expense as incurred. The Company’s incremental costs of obtaining a contract with a customer are sales commissions paid to employees and third parties on sales to end users. The Company applies the practical expedient whereby the Company primarily charges these costs to expense when incurred because the amortization period would be one year or less for the asset that would have been recognized from deferring these costs. For net2phone-UCaaS sales, the Company defers these costs and amortizes them over the expected customer relationship period when it is expected to exceed one year. The Company’s deferred customer contract acquisition costs were as follows: Schedule of Deferred Customer Contract Acquisition Costs January 31, 2022 July 31, 2021 (in thousands) Deferred customer contract acquisition costs included in “Other current assets” $ 3,730 $ 3,460 Deferred customer contract acquisition costs included in “Other assets” 3,346 3,151 Total $ 7,076 $ 6,611 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 2022 2021 2022 2021 Three Months Ended January 31, Six Months Ended January 31, 2022 2021 2022 2021 (in thousands) Amortization of deferred customer contract acquisition costs $ 1,030 $ 864 $ 2,042 $ 1,631

Leases

Leases	6 Months Ended
	Jan. 31, 2022
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 . net2phone-UCaaS also has operating leases for office equipment. 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 the options to extend or terminate the leases. net2phone-UCaaS is the lessee in 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. The Company leases office and parking space in a building and parking garage located at 520 Broad Street, Newark, New Jersey that is owned by the Company’s former subsidiary, Rafael Holdings, Inc. (“Rafael”). The Company also leases office space in Israel from Rafael. Howard S. Jonas, the Chairman of the Company’s Board of Directors, is also the Chairman of the Board of Directors of Rafael. The Newark lease expires in April 2025 and the Israel lease expires in July 2025. In each of the three months ended January 31, 2022 and 2021, the Company incurred lease costs of $ 0.5 million, and in each of the six months ended January 31, 2022 and 2021, the Company incurred lease costs of $ 0.9 million in connection with the Rafael leases, which is included in operating lease cost in the table below. Supplemental disclosures related to the Company’s operating leases were as follows: Schedule of Supplemental Disclosures Related to the Company's Operating Leases 2022 2021 2022 2021 Three Months Ended January 31, Six Months Ended January 31, 2022 2021 2022 2021 (in thousands) Operating lease cost $ 687 $ 697 $ 1,387 $ 1,425 Short-term lease cost 253 130 600 195 Total lease cost $ 940 $ 827 $ 1,987 $ 1,620 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 670 $ 672 $ 1,365 $ 1,382 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 670 $ 672 $ 1,365 $ 1,382 Schedule of Supplemental Disclosures Related Weighted Average Operating Leases January 31, 2022 July 31, 2021 Weighted-average remaining lease term-operating leases 3.3 years 3.4 Weighted-average discount rate-operating leases 2.9 % 2.9 % On September 13, 2021, the Company entered into a new office lease with an aggregate operating lease liability of $ 0.7 million. The Company’s aggregate operating lease liability was as follows: Schedule of Aggregate Operating Lease Liability January 31, 2022 July 31, 2021 (in thousands) Operating lease liabilities included in “Other current liabilities” $ 2,367 $ 2,456 Operating lease liabilities included in noncurrent liabilities 5,014 5,473 Total $ 7,381 $ 7,929 Future minimum maturities of operating lease liabilities were as follows (in thousands): Schedule of Future Minimum Maturities of Operating Lease Liabilities Twelve-month period ending January 31: 2023 $ 2,549 2024 2,336 2025 1,977 2026 632 2027 140 Thereafter 119 Total lease payments 7,753 Less imputed interest (372 ) Total operating lease liabilities $ 7,381

Cash, Cash Equivalents, and Res

Cash, Cash Equivalents, and Restricted Cash and Cash Equivalents	6 Months Ended
	Jan. 31, 2022
Cash and Cash Equivalents [Abstract]
Cash, Cash Equivalents, and Restricted Cash and Cash Equivalents	Note 5— Cash, Cash Equivalents, and Restricted Cash and Cash Equivalents The following table provides a reconciliation of cash, cash equivalents, and restricted cash and cash equivalents reported in the consolidated balance sheets that equals the total of the same amounts reported in the consolidated statements of cash flows: Schedule of Cash, Cash Equivalents, and Restricted Cash and Cash Equivalents January 31, 2022 July 31, 2021 (in thousands) Cash and cash equivalents $ 104,268 $ 107,147 Restricted cash and cash equivalents 116,284 119,769 Total cash, cash equivalents, and restricted cash and cash equivalents $ 220,552 $ 226,916 At January 31, 2022 and July 31, 2021, restricted cash and cash equivalents included $ 112.3 million and $ 115.8 million, respectively, in restricted cash and cash equivalents for customer deposits held by IDT Financial Services Limited, the Company’s Gibraltar-based bank. Company Restricted Cash and Cash Equivalents The Company treats unrestricted cash and cash equivalents held by IDT Payment Services, Inc. and IDT Payment Services of New York, LLC, which provide the Company’s international money transfer services in the United States, as substantially restricted and unavailable for other purposes. At January 31, 2022 and July 31, 2021, “Cash and cash equivalents” in the Company’s consolidated balance sheets included an aggregate of $ 11.8 million and $ 15.3 million, respectively, held by IDT Payment Services, Inc. and IDT Payment Services of New York, LLC, that was unavailable for other purposes.

Debt Securities

Debt Securities	6 Months Ended
	Jan. 31, 2022
Investments, Debt and Equity Securities [Abstract]
Debt Securities	Note 6— Debt Securities The following is a summary of available-for-sale debt securities: Schedule of Available-for-sale Securities Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (in thousands) January 31, 2022: Certificates of deposit* $ 2,000 $ — $ (3 ) $ 1,997 U.S. Treasury bills and notes 1,660 — (57 ) 1,603 Corporate bonds 6,362 10 (277 ) 6,095 Municipal bonds 5,800 — (5 ) 5,795 Total $ 15,822 $ 10 $ (342 ) $ 15,490 July 31, 2021: Certificates of deposit* $ 1,200 $ 3 $ — $ 1,203 U.S. Treasury bills and notes 1,669 — (17 ) 1,652 Corporate bonds 6,327 38 (33 ) 6,332 Municipal bonds 4,825 — — 4,825 Total $ 14,021 $ 41 $ (50 ) $ 14,012 * Each of the Company’s certificates of deposit has a CUSIP, was purchased in the secondary market through a broker and may be sold in the secondary market. Proceeds from maturities and sales of debt securities and redemptions of equity investments were $ 2.2 million and $ 5.0 million in the three months ended January 31, 2022 and 2021, respectively, and $ 6.1 million and $ 11.6 million in the six months ended January 31, 2022 and 2021, respectively. There were no realized gains or realized losses from sales of debt securities in the three and six months ended January 31, 2022 and 2021. The Company uses the specific identification method in computing the realized gains and realized losses on the sales of debt securities. The contractual maturities of the Company’s available-for-sale debt securities at January 31, 2022 were as follows: Schedule of Contractual Maturities of Available-for-sale Debt Securities Fair Value (in thousands) Within one year $ 3,568 After one year through five years 6,379 After five years through ten years 4,869 After ten years 674 Total $ 15,490 The following available-for-sale debt securities were in an unrealized loss position for which other-than-temporary impairments were not recognized: Schedule of Available-for-sale Securities, Unrealized Loss Position Unrealized Losses Fair Value (in thousands) January 31, 2022: Certificates of deposit $ 3 $ 1,997 U.S. Treasury bills and notes 57 1,603 Corporate bonds 277 5,698 Municipal bonds 5 5,122 Total $ 342 $ 14,420 July 31, 2021: U.S. Treasury bills and notes $ 17 $ 1,652 Corporate bonds 33 3,293 Total $ 50 $ 4,945 At July 31, 2021, there were no securities in a continuous unrealized loss position for 12 months or longer. At January 31, 2022, the following available-for-sale debt securities included in the table above were in a continuous unrealized loss position for 12 months or longer: Schedule of Continuous Unrealized Loss Position for 12 Months or Longer Unrealized Losses Fair Value (in thousands) U.S. Treasury bills and notes $ 57 $ 1,603 Corporate bonds 103 1,453 Total $ 160 $ 3,056 At January 31, 2022, the Company did not intend to sell any of the debt securities included in the table above, and it is not more likely than not that the Company will be required to sell any of these securities before recovery of the unrealized losses, which may be at maturity.

Equity Investments

Equity Investments	6 Months Ended
	Jan. 31, 2022
Cash and Cash Equivalents [Abstract]
Equity Investments	Note 7— Equity Investments Equity investments consist of the following: Schedule of Equity Investments January 31, 2022 July 31, 2021 (in thousands) Zedge, Inc. Class B common stock, 42,282 $ 320 $ 649 Rafael Holdings, Inc. Class B common stock, 290,214 246,565 1,201 12,479 Rafael Holdings, Inc. restricted Class B common stock, nil 43,649 — 2,209 Other marketable equity securities 4,012 3,630 Fixed income mutual funds 22,961 23,467 Current equity investments $ 28,494 $ 42,434 Visa Inc. Series C Convertible Participating Preferred Stock (“Visa Series C Preferred”) $ 2,261 $ 2,465 Series B and Series C convertible preferred stock—equity method investment 2,509 2,901 Hedge funds 2,360 3,563 Other 1,225 2,725 Noncurrent equity investments $ 8,355 $ 11,654 The Company received the shares of Zedge, Inc. (“Zedge”) Class B common stock and 28,320 261,894 The changes in the carrying value of the Company’s equity investments without readily determinable fair values for which the Company elected the measurement alternative was as follows: Schedule of Carrying Value of Equity Investments 2022 2021 2022 2021 Three Months Ended January 31, Six Months Ended January 31, 2022 2021 2022 2021 (in thousands) Balance, beginning of period $ 2,397 $ 2,109 $ 2,743 $ 4,109 Redemption for Visa mandatory release assessment — — — (1,870 ) Adjustment for observable transactions involving a similar investment from the same issuer 142 114 (204 ) (16 ) Impairments — — — — Balance, end of the period $ 2,539 $ 2,223 $ 2,539 $ 2,223 The Company increased the carrying value of the shares of Visa Series C Preferred it held by $ 0.1 million in both the three months ended January 31, 2022 and 2021, respectively, and the Company decreased the carrying value of the shares of Visa Series C Preferred it held by $ 0.2 million and $ 16,000 in the six months ended January 31, 2022 and 2021, respectively, based on the fair value of Visa Class A common stock and a discount for lack of current marketability. Unrealized gains and losses for all equity investments included the following: Schedule of Unrealized (losses) Gains for All Equity Investments 2022 2021 2022 2021 Three Months Ended January 31, Six Months Ended January 31, 2022 2021 2022 2021 (in thousands) Net (losses) gains recognized during the period on equity investments $ (2,952 ) $ 1,307 $ (17,446 ) $ 387 Less: net gains recognized during the period on equity investments sold during the period 25 — 10 — Unrealized (losses) gains recognized during the period on equity investments still held at the reporting date $ (2,977 ) $ 1,307 $ (17,456 ) $ 387 The net losses on investments in the three and six months ended January 31, 2022 included unrealized losses of $ 1.0 13.5 million, respectively, on shares of Rafael Class B common stock. The net gains on investments in the three and six months ended January 31, 2021 included unrealized gains of $ 0.2 0.3 Equity Method Investment On February 2, 2021, the Company paid $ 4.0 1.1 23.95 26.57 The Company accounts for this investment using the equity method since the series B and series C convertible preferred stock are in-substance common stock, and the Company can exercise significant influence over the operating and financial policies of the EMI. The Company determined that on the dates of the acquisitions, there were differences of $ 3.4 million and $ 1.0 million between its investment in the EMI and its proportional interest in the equity of the EMI, which represented the Company’s share of the EMI’s customer list on the dates of the acquisitions. These basis differences are being amortized over the 6-year estimated life of the customer list. In the accompanying consolidated statements of income, the amortization of equity method basis difference is included in the equity in the net loss of investee, which is recorded in “Other (expense) income, net” (see Note 17). On February 10, 2022, the Company received a secured promissory note from the EMI in exchange for a loan of $ 1.0 15% August 3, 2022 The following table summarizes the change in the balance of the Company’s equity method investment: Summary of Changes in Equity Method Investments 2022 2021 2022 2021 Three Months Ended January 31, Six Months Ended January 31, 2022 2021 2022 2021 (in thousands) Balance, beginning of period $ 3,329 $ — $ 2,901 $ — Purchase of convertible preferred stock — — 1,051 — Equity in the net loss of investee (639 ) — (1,080 ) — Amortization of equity method basis difference (181 ) — (363 ) — Balance, end of the period $ 2,509 $ — $ 2,509 $ — Summarized financial information of the EMI was as follows: Summary of Statements of Operations 2022 2021 2022 2021 Three Months Ended January 31, Six Months Ended January 31, 2022 2021 2022 2021 (in thousands) Revenues $ 1,380 $ — $ 3,071 $ — Costs and expenses: Direct cost of revenues 1,443 — 2,905 — Selling, general and administrative 774 — 2,663 — Total costs and expenses 2,217 — 5,568 — Loss from operations (837 ) — (2,497 ) — Other expense — — (1 ) — Net loss $ (837 ) $ — $ (2,498 ) $ —

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jan. 31, 2022
Fair Value Disclosures [Abstract]
Fair Value Measurements	Note 8— Fair Value Measurements The following table presents the balance of assets and liabilities measured at fair value on a recurring basis: Schedule of Balance of Assets Measured at Fair Value On a Recurring Basis Level 1 (1) Level 2 (2) Level 3 (3) Total (in thousands) January 31, 2022 Debt securities $ 1,603 $ 13,887 $ — $ 15,490 Equity investments included in current assets 28,494 — — 28,494 Equity investments included in noncurrent assets — — 2,261 2,261 Total $ 30,097 $ 13,887 $ 2,261 $ 46,245 Contingent consideration included in: Other current liabilities $ — $ — $ (628 ) $ (628 ) Other noncurrent liabilities — — (75 ) (75 ) Total $ — $ — $ (703 ) $ (703 ) July 31, 2021 Debt securities $ 1,652 $ 12,360 $ — $ 14,012 Equity investments included in current assets 40,225 2,209 — 42,434 Equity investments included in noncurrent assets — — 2,465 2,465 Total $ 41,877 $ 14,569 $ 2,465 $ 58,911 Contingent consideration included in: Other current liabilities $ — $ — $ (628 ) $ (628 ) Other noncurrent liabilities — — (397 ) (397 ) Total $ — $ — $ (1,025 ) $ (1,025 ) (1) – quoted prices in active markets for identical assets or liabilities (2) – observable inputs other than quoted prices in active markets for identical assets and liabilities (3) – no observable pricing inputs in the market At January 31, 2022 and July 31, 2021, the Company had $ 2.4 million and $ 3.6 million, respectively, in investments in hedge funds, which were included in noncurrent “Equity investments” in the accompanying consolidated balance sheets. The Company’s investments in hedge funds were accounted for using the equity method, therefore they were not measured at fair value. The following table summarizes the change in the balance of the Company’s assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3): Schedule of Assets Measured at Fair Value On a Recurring Basis Using Significant Unobservable Inputs (Level 3) 2022 2021 2022 2021 Three Months Ended January 31, Six Months Ended January 31, 2022 2021 2022 2021 (in thousands) Balance, beginning of period $ 2,119 $ 1,825 $ 2,465 $ 3,825 Purchase of Rafael Holdings, Inc. warrant — 354 — 354 Redemption for Visa mandatory release assessment — — — (1,870 ) Total gains (losses) recognized in “Other (expense) income, net” 142 140 (204 ) 10 Balance, end of period $ 2,261 $ 2,319 $ 2,261 $ 2,319 Change in unrealized gains or losses for the period included in earnings for assets held at the end of the period $ — $ — $ — $ — The following table summarizes the change in the balance of the Company’s liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3): Schedule of Liabilities Measured at Fair Value On a Recurring Basis Using Significant Unobservable Inputs (Level 3) 2022 2021 2022 2021 Three Months Ended January 31, Six Months Ended January 31, 2022 2021 2022 2021 (in thousands) Balance, beginning of period $ 1,015 $ 391 $ 1,025 $ 396 Transfer into Level 3 from acquisitions — 393 — 393 Total (gain) loss included in: “Other operating (expense) gain, net” (303 ) — (303 ) — “Foreign currency translation adjustment” (9 ) 15 (19 ) 10 Balance, end of period $ 703 $ 799 $ 703 $ 799 Change in unrealized gains or losses for the period included in earnings for liabilities held at the end of the period $ — $ — $ — $ — Fair Value of Other Financial Instruments The estimated fair value of the Company’s other financial instruments was determined using available market information or other appropriate valuation methodologies. However, considerable judgment is required in interpreting these data to develop estimates of fair value. Consequently, the estimates are not necessarily indicative of the amounts that could be realized or would be paid in a current market exchange. Cash and cash equivalents, restricted cash and cash equivalents, other current assets, customer deposits, and other current liabilities. Other assets and other liabilities.

Variable Interest Entity

Variable Interest Entity	6 Months Ended
	Jan. 31, 2022
Business Combination and Asset Acquisition [Abstract]
Variable Interest Entity	Note 9— Variable Interest Entity As of May 31, 2021, the Company entered into a Warrant Purchase Agreement with the shareholders of an entity (the variable interest entity, or “VIE”) that operates money transfer businesses. The Company determined that, effective May 31, 2021, it had the power to direct the activities of the VIE that most significantly impact its economic performance, and the Company has the obligation to absorb losses of and the right to receive benefits from the VIE that could potentially be significant to it. The Company therefore determined that it is the primary beneficiary of the VIE, and as a result, the Company consolidates the VIE. The Company does not currently own any interest in the VIE and thus the net income incurred by the VIE was attributed to noncontrolling interests in the accompanying consolidated statements of income. The VIE’s net income and aggregate funding repaid to the Company by the VIE were as follows: Schedule of Net Income (loss) and Aggregate Funding Repaid to the Company By VIE 2022 2021 2022 2021 Three Months Ended January 31, Six Months Ended January 31, 2022 2021 2022 2021 (in thousands) Net loss of the VIE $ (144 ) $ — $ — $ — Aggregate funding repaid to the Company by the VIE, net $ (93 ) $ — $ (96 ) $ — The VIE’s summarized consolidated balance sheet amounts are as follows: VIE’s Summarized Consolidated Balance Sheet January 31, 2022 July 31, 2021 (in thousands) Assets: Cash and equivalents $ 1,535 $ 1,364 Restricted cash 3,914 3,848 Trade accounts receivable, net 42 91 Prepaid expenses 231 344 Other current assets 693 858 Due from the Company 88 — Property, plant, and equipment, net 566 637 Other intangibles, net 966 1,042 Total assets $ 8,035 $ 8,184 Liabilities and noncontrolling interests: Trade accounts payable $ — $ 312 Accrued expenses 27 26 Other current liabilities 4,648 4,491 Due to the Company — 8 Accumulated other comprehensive loss 6 (7 ) Noncontrolling interests 3,354 3,354 Total liabilities and noncontrolling interests $ 8,035 $ 8,184 The VIE’s assets may only be used to settle the VIE’s obligations and may not be used for other consolidated entities. The VIE’s liabilities are non-recourse to the general credit of the Company’s other consolidated entities.

Other Operating (Expense) Gain,

Other Operating (Expense) Gain, Net	6 Months Ended
	Jan. 31, 2022
Other Income and Expenses [Abstract]
Other Operating (Expense) Gain, Net	Note 10— Other Operating (Expense) Gain, Net The following table summarizes the other operating (expense) gain, net by business segment: Schedule of Other Operating Expense, Net 2022 2021 2022 2021 Three Months Ended January 31, Six Months Ended January 31, 2022 2021 2022 2021 (in thousands) Corporate—Straight Path Communications Inc. class action legal fees $ (2,694 ) $ (1,397 ) $ (3,671 ) $ (1,718 ) Corporate—Straight Path Communications Inc. class action insurance claims 1,972 1,091 2,887 1,714 net2phone-UCaaS—write-off of contingent consideration liability 303 — 303 — net2phone-UCaaS—other (10 ) (100 ) (10 ) (100 ) Traditional Communications—gain from sale of rights under class action lawsuit — 2,000 — 2,000 Traditional Communications—net2phone indemnification claim (12 ) (387 ) (36 ) (387 ) Traditional Communications— Carrier Services settlement — — — (554 ) Traditional Communications—other (1 ) — (3 ) — Total other operating (expense) gain, net $ (442 ) $ 1,207 $ (530 ) $ 955 Straight Path Communications Inc. Class Action As discussed in Note 16, the Company (as well as other defendants) has been named in a pending putative class action on behalf of the stockholders of the Company’s former subsidiary, Straight Path Communications Inc. (“Straight Path”), and a derivative complaint. The Company incurred legal fees and recorded offsetting gains from insurance claims related to this action in the three and six months ended January 31, 2022 and 2021. Write-off of Contingent Consideration In the three months ended January 31, 2022, the Company determined that the requirements for a contingent consideration payment related to an acquisition in December 2019 would not be met before the expiration date. The Company recognized a gain on the write-off of the contingent consideration. Gain from Sale of Rights under Class Action Lawsuit On December 21, 2020, the Company received $ 2.0 Indemnification Claim Beginning in June 2019, as part of a commercial resolution, the Company indemnified a net2phone cable telephony customer related to patent infringement claims brought against the customer.

Revolving Credit Facility

Revolving Credit Facility	6 Months Ended
	Jan. 31, 2022
Debt Disclosure [Abstract]
Revolving Credit Facility	Note 11— Revolving Credit Facility The Company’s subsidiary, IDT Telecom, Inc. (“IDT Telecom”), entered into a credit agreement, dated as of May 17, 2021, with TD Bank, N.A. for a revolving credit facility for up to a maximum principal amount of $ 25.0 million. IDT Telecom may use the proceeds to finance working capital requirements and for certain closing costs of the facility. At January 31, 2022 and July 31, 2021, there were no amounts outstanding under this facility. In January 2022, IDT Telecom borrowed and repaid an aggregate of $ 2.5 The revolving credit facility is secured by primarily all of IDT Telecom’s assets. The principal outstanding bears interest per annum at the Intercontinental Exchange Benchmark Administration Ltd. LIBOR multiplied by the Regulation D maximum reserve requirement plus 125 to 175 basis points, depending upon IDT Telecom’s leverage ratio as computed for the most recent fiscal quarter. Interest is payable monthly, and all outstanding principal and any accrued and unpaid interest is due on May 16, 2024. IDT Telecom pays a quarterly unused commitment fee on the average daily balance of the unused portion of the $ 25.0 IDT Telecom is required to comply with various affirmative and negative covenants as well as maintain certain targets based on financial ratios during the term of the revolving credit facility. As of January 31, 2022, IDT Telecom was in compliance with all of the covenants.

Equity

Equity	6 Months Ended
	Jan. 31, 2022
Equity:
Equity	Note 12— Equity Deferred Stock Units Equity Incentive Program The Company had an existing equity incentive program in the form of deferred stock units (“DSUs”) that, upon vesting, entitled the grantees to receive shares of the Company’s Class B common stock. On January 5, 2022, the third and final vesting date under the program, the Company issued 301,296 283,838 Stock Repurchases The Company has an existing stock repurchase program authorized by its Board of Directors for the repurchase of shares of the Company’s Class B common stock. The Board of Directors authorized the repurchase of up to 8.0 no 463,792 2.8 5.8 In the six months ended January 31, 2022 and 2021, the Company paid $ 9.0 million and $ 1.3 million, respectively, to repurchase 200,438 and 109,381 shares, respectively, of the Company’s Class B common stock that were tendered by employees of the Company to satisfy the employees’ tax withholding obligations in connection with the vesting of DSUs and lapsing of restrictions on restricted stock. Such shares were repurchased by the Company based on their fair market value on the trading day immediately prior to the vesting date. 2015 Stock Option and Incentive Plan In the six months ended January 31, 2021, the Company received proceeds from the exercise of stock options of $ 0.7 81,041 no On December 15, 2021, the Company’s stockholders approved an amendment to the Company’s 2015 Stock Option and Incentive Plan to increase the number of shares of the Company’s Class B common stock available for the grant of awards thereunder by an additional 175,000

Redeemable Noncontrolling Inter

Redeemable Noncontrolling Interest	6 Months Ended
	Jan. 31, 2022
Noncontrolling Interest [Abstract]
Redeemable Noncontrolling Interest	Note 13— Redeemable Noncontrolling Interest On September 29, 2021, NRS sold shares of its Class B common stock representing 2.5 % of its outstanding capital stock on a fully diluted basis, to Alta Fox Opportunities Fund LP (“Alta Fox”) for cash of $ 10 million. Alta Fox has the right to request that NRS redeem all or any portion of the NRS common shares that it purchased at the per share purchase price during a period of 182 days following the fifth anniversary of this transaction. The redemption right shall terminate upon the consummation of (i) a sale of NRS or its assets for cash or securities that are listed on a national securities exchange, (ii) a public offering of NRS’ securities, or (iii) a distribution of NRS’ capital stock following which NRS’ common shares are listed on a national securities exchange. The shares of NRS’ Class B common stock sold to Alta Fox have been classified as mezzanine equity in the accompanying consolidated balance sheet because they may be redeemed at the option of Alta Fox, although the shares are not mandatorily redeemable. The carrying amount of the shares includes the noncontrolling interest in the net income of NRS.

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jan. 31, 2022
Earnings Per Share [Abstract]
Earnings Per Share	Note 14— Earnings Per Share Basic earnings per share is computed by dividing net income attributable to all classes of common stockholders of the Company by the weighted average number of shares of all classes of common stock outstanding during the applicable period. Diluted earnings per share is computed in the same manner as basic earnings per share, except that the number of shares is increased to include restricted stock still subject to risk of forfeiture and to assume exercise of potentially dilutive stock options using the treasury stock method, unless the effect of such increase is anti-dilutive. The weighted-average number of shares used in the calculation of basic and diluted earnings per share attributable to the Company’s common stockholders consists of the following: Schedule of Weighted-average Number of Shares Used in the Calculation of Basic and Diluted Earnings Per Share Three Months Ended Six Months Ended 2022 2021 2022 2021 (in thousands) Basic weighted-average number of shares 25,652 25,362 25,609 25,448 Effect of dilutive securities: Stock options 715 9 711 4 Non-vested restricted Class B common stock 175 342 260 335 Diluted weighted-average number of shares 26,542 25,713 26,580 25,787 The following shares were excluded from the calculation of diluted earnings per share: Schedule of Outstanding Stock Options Excluded from the Calculation of Diluted Earnings Per Share Three Months Ended Six Months Ended 2022 2021 2022 2021 (in thousands) Stock options — 1,035 — 1,070 Non-vested restricted Class B common stock — — — — Shares excluded from the calculation of diluted earnings per share — 1,035 — 1,070 Stock options with an exercise price that was greater than the average market price of the Company’s common stock in the three and six months ended January 31, 2021 were excluded from the calculation of diluted earnings per share.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	6 Months Ended
	Jan. 31, 2022
Equity:
Accumulated Other Comprehensive Loss	Note 15— Accumulated Other Comprehensive Loss The accumulated balances for each classification of other comprehensive loss were as follows: Schedule of Accumulated Balances for Each Classification of Other Comprehensive Loss Unrealized Loss on Available-for-Sale Securities Foreign Currency Translation Accumulated Other Comprehensive Loss (in thousands) Balance, July 31, 2021 $ (9 ) $ (10,174 ) $ (10,183 ) Other comprehensive loss attributable to IDT Corporation (323 ) (582 ) (905 ) Balance, January 31, 2022 $ (332 ) $ (10,756 ) $ (11,088 )

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jan. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 16— Commitments and Contingencies Coronavirus Disease (COVID-19) The Company continues to monitor and respond to the impacts of the COVID-19 pandemic on all aspects of its business, including its customers, employees, suppliers, vendors, and business partners. Operationally, the Company’s employees transitioned to work-from-home during the third quarter of fiscal 2020 and, to a large degree, continue to work-from-home. Beginning in the fourth quarter of fiscal 2021, certain of the Company’s employees returned to work in the Company’s offices on a part-time basis. The Company’s salespeople, customer service employees, technicians, and delivery employees continue to serve its independent retailers, channel partners, and customers with minimal interruption. COVID-19 had mixed financial impacts on the Company beginning in the third quarter of fiscal 2020 and continuing through the second quarter of fiscal 2022. Legal Proceedings On January 22, 2019, Jose Rosales filed a putative class action against IDT America, IDT Domestic Telecom and IDT International in California state court alleging certain violations of employment law. Plaintiff alleges that these companies failed to compensate members of the putative class in accordance with California law. In August 2019, the Company filed a cross complaint against Rosales alleging trade secret and other violations. On February 2, 2022, the court approved a settlement agreement between the parties. The settlement did not have a material effect on the Company’s results of operations, cash flows or financial condition. On April 24, 2018, Sprint Communications Company L.P. filed a patent infringement claim against the Company and certain of its affiliates in the U.S. District Court for the District of Delaware alleging infringement of U.S. Patent Nos. 6,298,064; 6,330,224; 6,343,084; 6,452,932; 6,463,052; 6,473,429; 6,563,918; 6,633,561; 6,697,340; 6,999,463; 7,286,561; 7,324,534; 7,327,728; 7,505,454; and 7,693,131. Plaintiff was seeking damages and injunctive relief. On June 28, 2018, Sprint dismissed the complaint without prejudice. The Company is evaluating the underlying claim, and at this stage, is unable to estimate its potential liability, if any. The Company intends to vigorously defend any claim of infringement of the listed patents. On July 5, 2017, plaintiff JDS1, LLC, on behalf of itself and all other similarly situated stockholders of Straight Path, and derivatively on behalf of Straight Path as nominal defendant, filed a putative class action and derivative complaint in the Court of Chancery of the State of Delaware against the Company, The Patrick Henry Trust (a trust formed by Howard S. Jonas that held record and beneficial ownership of certain shares of Straight Path he formerly held), Howard S. Jonas, and each of Straight Path’s directors. The complaint alleges that the Company aided and abetted Straight Path Chairman of the Board and Chief Executive Officer Davidi Jonas, and Howard S. Jonas in his capacity as controlling stockholder of Straight Path, in breaching their fiduciary duties to Straight Path in connection with the settlement of claims between Straight Path and the Company related to potential indemnification claims concerning Straight Path’s obligations under the Consent Decree it entered into with the Federal Communications Commission (“FCC”), as well as the sale of Straight Path’s subsidiary Straight Path IP Group, Inc. to the Company in connection with that settlement. That action was consolidated with a similar action that was initiated by The Arbitrage Fund. The Plaintiffs are seeking, among other things, (i) a declaration that the action may be maintained as a class action or in the alternative, that demand on the Straight Path Board is excused; (ii) that the term sheet is invalid; (iii) awarding damages for the unfair price stockholders received in the merger between Straight Path and Verizon Communications Inc. for their shares of Straight Path’s Class B common stock; and (iv) ordering Howard S. Jonas, Davidi Jonas, and the Company to disgorge any profits for the benefit of the class Plaintiffs. On August 28, 2017, the Plaintiffs filed an amended complaint. On September 24, 2017, the Company filed a motion to dismiss the amended complaint, which was ultimately denied, and which denial was affirmed by the Delaware Supreme Court. The parties are engaged in discovery and motion practice. On February 17, 2022, the court denied the Company’s motion for summary judgment. The trial is currently scheduled for May 2022. The Company intends to vigorously defend this matter (see Note 10). At this stage, the Company is unable to estimate its potential liability, if any. In addition to the foregoing, the Company is subject to other legal proceedings that have arisen in the ordinary course of business and have not been finally adjudicated. Although there can be no assurance in this regard, the Company believes that none of the other legal proceedings to which the Company is a party will have a material adverse effect on the Company’s results of operations, cash flows or financial condition. Sales Tax Contingency On June 21, 2018, the United States Supreme Court rendered a decision in South Dakota v. Wayfair, Inc., holding that a state may require a remote seller with no physical presence in the state to collect and remit sales tax on goods and services provided to purchasers in the state, overturning certain existing court precedent. The Company has evaluated its state tax filings with respect to the Wayfair decision and is in the process of reviewing its remittance practices. It is possible that one or more jurisdictions may assert that the Company has liability for periods for which it has not collected sales, use or other similar taxes, and if such an assertion or assertions were successful it could materially and adversely affect the Company’s business, financial position, and operating results. One or more jurisdictions may change their laws or policies to apply their sales, use or other similar taxes to the Company’s operations, and if such changes were made it could materially and adversely affect the Company’s business, financial position, and operating results. Regulatory Fees Audit The Company’s 2017 FCC Form 499-A, which reports its calendar year 2016 revenue, is currently under audit by the Universal Service Administrative Company (“USAC”). The Internal Audit Division of USAC issued preliminary audit findings and the Company has, in accordance with audit procedures, appealed certain of the findings. The Company awaits a final decision by USAC on the preliminary audit findings. Depending on the findings contained in the final decision, the Company may further appeal to the FCC. Although a final decision remains pending, the Company has been invoiced $ 2.9 million and $ 1.8 million on behalf of the Federal Telecommunications Relay Services Fund and on behalf of the Universal Service Fund, respectively. The Company does not intend to remit payment for these fees unless and until a negative decision on its appeal has been issued. In response to the aforementioned preliminary audit findings, the Company made certain changes to its filing policies and procedures for years that remain potentially under audit. At January 31, 2022 and July 31, 2021, the Company’s accrued expenses included $ 37.6 million and $ 38.3 million, respectively, for FCC-related regulatory fees for the year covered by the audit, as well as prior and subsequent years. Purchase Commitments At January 31, 2022, the Company had purchase commitments of $ 4.5 million primarily for equipment and services. Performance Bonds The Company has performance bonds issued through third parties for the benefit of various states in order to comply with the states’ financial requirements for money remittance licenses and telecommunications resellers. At January 31, 2022, the Company had aggregate performance bonds of $ 22.1 million outstanding. FCC Investigation of Straight Path Spectrum LLC On September 20, 2016, the Company received a letter of inquiry from the Enforcement Bureau of the FCC requesting certain information and materials related to an investigation of potential violations by Straight Path Spectrum LLC (formerly a subsidiary of the Company and Straight Path) in connection with licenses to operate on the 28 GHz and 39 GHz bands of the Fixed Microwave Services. The Company has cooperated with the FCC in this matter and has responded to the letter of inquiry. If the FCC were to pursue separate action against the Company, the FCC could seek to fine or impose regulatory penalties or civil liability on the Company related to activities during the period of ownership by the Company.

Other (Expense) Income, Net

Other (Expense) Income, Net	6 Months Ended
	Jan. 31, 2022
Other Income and Expenses [Abstract]
Other (Expense) Income, Net	Note 17— Other (Expense) Income, Net Other (expense) income, net consists of the following: Schedule of Other (Expense) Income, Net 2022 2021 2022 2021 Three Months Ended Six Months Ended 2022 2021 2022 2021 (in thousands) Foreign currency transaction gains $ 848 $ 1,893 $ 598 $ 1,466 Equity in net loss of investee (820 ) — (1,443 ) — (Losses) gains on investments (see Note 7) (2,952 ) 1,307 (17,446 ) 387 Other (25 ) (30 ) (874 ) (61 ) Total other (expense) income, net $ (2,949 ) $ 3,170 $ (19,165 ) $ 1,792

Recently Issued Accounting Stan

Recently Issued Accounting Standard Not Yet Adopted	6 Months Ended
	Jan. 31, 2022
Accounting Changes and Error Corrections [Abstract]
Recently Issued Accounting Standard Not Yet Adopted	Note 18— Recently Issued Accounting Standard Not Yet Adopted In June 2016, the Financial Accounting Standards Board issued Accounting Standards Update No. 2016-13, Financial Instruments—Credit Losses (Topic 326) Measurement of Credit Losses on Financial Instruments,

Subsequent Events_Acquisitions

Subsequent Events—Acquisitions	6 Months Ended
	Jan. 31, 2022
Subsequent Events [Abstract]
Subsequent Events—Acquisitions	Note 19— Subsequent Events—Acquisitions On March 3, 2022, the Company’s subsidiary, net2phone 2.0, Inc., which owns and operates the net2phone-UCaaS segment, purchased all of the outstanding shares of Onwaba S.R.L. and Gem S.R.L. for an aggregate of up to $ 15.0 including omnichannel support, social media integrations, chat-bot communications, workflow management, development tools for tailored contact center solutions and numerous third-party software integrations. 7.2 27,765 1.0 3.3 contingent consideration of up to $ 3.5 On March 1, 2022, the Company’s subsidiary, IDT International Telecom, Inc., purchased all of the outstanding shares of Leaf Global Fintech Corporation (“Leaf”) for up to $ 6.05 0.5 50,000 contingent consideration of up to $ 5.5

Business Segment Information (T

Business Segment Information (Tables)	6 Months Ended
	Jan. 31, 2022
Segment Reporting [Abstract]
Schedule of Operating Results of Business Segments	Operating results for the business segments of the Company were as follows: Schedule of Operating Results of Business Segments (in thousands) Fintech net2phone-UCaaS Traditional Communications Corporate Total Three Months Ended January 31, 2022 Revenues $ 23,082 $ 13,535 $ 300,441 $ — $ 337,058 (Loss) income from operations (173 ) (2,866 ) 19,857 (3,004 ) 13,814 Three Months Ended January 31, 2021 Revenues $ 18,498 $ 10,866 $ 310,402 $ — $ 339,766 (Loss) income from operations (247 ) (3,658 ) 19,122 (2,294 ) 12,923 Six Months Ended January 31, 2022 Revenues $ 45,650 $ 26,448 $ 635,043 $ — $ 707,141 (Loss) income from operations (220 ) (7,058 ) 39,984 (5,114 ) 27,592 Six Months Ended January 31, 2021 Revenues $ 38,585 $ 20,568 $ 624,038 $ — $ 683,191 Income (loss) from operations 2,889 (7,538 ) 34,981 (4,158 ) 26,174

Revenue Recognition (Tables)

Revenue Recognition (Tables)	6 Months Ended
	Jan. 31, 2022
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 2022 2021 2022 2021 Three Months Ended January 31, Six Months Ended January 31, 2022 2021 2022 2021 (in thousands) BOSS Revolution Money Transfer $ 12,462 $ 13,280 $ 24,958 $ 28,438 National Retail Solutions 10,620 5,218 20,692 10,147 Total Fintech 23,082 18,498 45,650 38,585 net2phone-UCaaS 13,535 10,866 26,448 20,568 Mobile Top-Up 116,246 96,562 244,731 192,397 BOSS Revolution Calling 99,951 113,903 205,920 231,253 Carrier Services 73,117 87,155 162,312 174,928 Other 11,127 12,782 22,080 25,460 Total Traditional Communications 300,441 310,402 635,043 624,038 Total $ 337,058 $ 339,766 $ 707,141 $ 683,191
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. On February 1, 2021, the Company changed the geographic sourcing of certain revenues from the United States to the United Kingdom. Schedule of Revenues Disaggregated by Geographic Region (in thousands) Fintech net2phone-UCaaS Traditional Communications Total Three Months Ended January 31, 2022 United States $ 23,082 $ 7,157 $ 210,694 $ 240,933 Outside the United States: United Kingdom — — 77,894 77,894 Other — 6,378 11,853 18,231 Total outside the United States — 6,378 89,747 96,125 Total $ 23,082 $ 13,535 $ 300,441 $ 337,058 (in thousands) Fintech net2phone-UCaaS Traditional Communications Total Three Months Ended January 31, 2021 United States $ 18,498 $ 5,680 $ 265,315 $ 289,493 Outside the United States: United Kingdom — — 31,929 31,929 Other — 5,186 13,158 18,344 Total outside the United States — 5,186 45,087 50,273 Total $ 18,498 $ 10,866 $ 310,402 $ 339,766 (in thousands) Fintech net2phone-UCaaS Traditional Communications Total Six Months Ended January 31, 2022 United States $ 45,650 $ 13,981 $ 449,386 $ 509,017 Outside the United States: United Kingdom — — 159,663 159,663 Other — 12,467 25,994 38,461 Total outside the United States — 12,467 185,657 198,124 Total $ 45,650 $ 26,448 $ 635,043 $ 707,141 (in thousands) Fintech net2phone-UCaaS Traditional Communications Total Six Months Ended January 31, 2021 United States $ 38,585 $ 10,769 $ 535,938 $ 585,292 Outside the United States: United Kingdom — — 61,350 61,350 Other — 9,799 26,750 36,549 Total outside the United States — 9,799 88,100 97,899 Total $ 38,585 $ 20,568 $ 624,038 $ 683,191
Schedule of Information About Contract Liability Balance	The following table presents information about the Company’s contract liability balance: Schedule of Information About Contract Liability Balance 2022 2021 2022 2021 Three Months Ended January 31, Six Months Ended January 31, 2022 2021 2022 2021 (in thousands) Revenue recognized in the period from amounts included in the contract liability balance at the beginning of the period $ 20,152 $ 22,818 $ 24,378 $ 26,451
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 January 31, 2022 July 31, 2021 (in thousands) Deferred customer contract acquisition costs included in “Other current assets” $ 3,730 $ 3,460 Deferred customer contract acquisition costs included in “Other assets” 3,346 3,151 Total $ 7,076 $ 6,611
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 2022 2021 2022 2021 Three Months Ended January 31, Six Months Ended January 31, 2022 2021 2022 2021 (in thousands) Amortization of deferred customer contract acquisition costs $ 1,030 $ 864 $ 2,042 $ 1,631

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jan. 31, 2022
Leases
Schedule of Supplemental Disclosures Related to the Company's Operating Leases	Supplemental disclosures related to the Company’s operating leases were as follows: Schedule of Supplemental Disclosures Related to the Company's Operating Leases 2022 2021 2022 2021 Three Months Ended January 31, Six Months Ended January 31, 2022 2021 2022 2021 (in thousands) Operating lease cost $ 687 $ 697 $ 1,387 $ 1,425 Short-term lease cost 253 130 600 195 Total lease cost $ 940 $ 827 $ 1,987 $ 1,620 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 670 $ 672 $ 1,365 $ 1,382 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 670 $ 672 $ 1,365 $ 1,382
Schedule of Supplemental Disclosures Related Weighted Average Operating Leases	Schedule of Supplemental Disclosures Related Weighted Average Operating Leases January 31, 2022 July 31, 2021 Weighted-average remaining lease term-operating leases 3.3 years 3.4 Weighted-average discount rate-operating leases 2.9 % 2.9 %
Schedule of Aggregate Operating Lease Liability	Schedule of Aggregate Operating Lease Liability January 31, 2022 July 31, 2021 (in thousands) Operating lease liabilities included in “Other current liabilities” $ 2,367 $ 2,456 Operating lease liabilities included in noncurrent liabilities 5,014 5,473 Total $ 7,381 $ 7,929
Schedule of Future Minimum Maturities of Operating Lease Liabilities	Future minimum maturities of operating lease liabilities were as follows (in thousands): Schedule of Future Minimum Maturities of Operating Lease Liabilities Twelve-month period ending January 31: 2023 $ 2,549 2024 2,336 2025 1,977 2026 632 2027 140 Thereafter 119 Total lease payments 7,753 Less imputed interest (372 ) Total operating lease liabilities $ 7,381

Cash, Cash Equivalents, and R_2

Cash, Cash Equivalents, and Restricted Cash and Cash Equivalents (Tables)	6 Months Ended
	Jan. 31, 2022
Cash and Cash Equivalents [Abstract]
Schedule of Cash, Cash Equivalents, and Restricted Cash and Cash Equivalents	The following table provides a reconciliation of cash, cash equivalents, and restricted cash and cash equivalents reported in the consolidated balance sheets that equals the total of the same amounts reported in the consolidated statements of cash flows: Schedule of Cash, Cash Equivalents, and Restricted Cash and Cash Equivalents January 31, 2022 July 31, 2021 (in thousands) Cash and cash equivalents $ 104,268 $ 107,147 Restricted cash and cash equivalents 116,284 119,769 Total cash, cash equivalents, and restricted cash and cash equivalents $ 220,552 $ 226,916

Debt Securities (Tables)

Debt Securities (Tables)	6 Months Ended
	Jan. 31, 2022
Investments, Debt and Equity Securities [Abstract]
Schedule of Available-for-sale Securities	The following is a summary of available-for-sale debt securities: Schedule of Available-for-sale Securities Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (in thousands) January 31, 2022: Certificates of deposit* $ 2,000 $ — $ (3 ) $ 1,997 U.S. Treasury bills and notes 1,660 — (57 ) 1,603 Corporate bonds 6,362 10 (277 ) 6,095 Municipal bonds 5,800 — (5 ) 5,795 Total $ 15,822 $ 10 $ (342 ) $ 15,490 July 31, 2021: Certificates of deposit* $ 1,200 $ 3 $ — $ 1,203 U.S. Treasury bills and notes 1,669 — (17 ) 1,652 Corporate bonds 6,327 38 (33 ) 6,332 Municipal bonds 4,825 — — 4,825 Total $ 14,021 $ 41 $ (50 ) $ 14,012 * Each of the Company’s certificates of deposit has a CUSIP, was purchased in the secondary market through a broker and may be sold in the secondary market.
Schedule of Contractual Maturities of Available-for-sale Debt Securities	The contractual maturities of the Company’s available-for-sale debt securities at January 31, 2022 were as follows: Schedule of Contractual Maturities of Available-for-sale Debt Securities Fair Value (in thousands) Within one year $ 3,568 After one year through five years 6,379 After five years through ten years 4,869 After ten years 674 Total $ 15,490
Schedule of Available-for-sale Securities, Unrealized Loss Position	The following available-for-sale debt securities were in an unrealized loss position for which other-than-temporary impairments were not recognized: Schedule of Available-for-sale Securities, Unrealized Loss Position Unrealized Losses Fair Value (in thousands) January 31, 2022: Certificates of deposit $ 3 $ 1,997 U.S. Treasury bills and notes 57 1,603 Corporate bonds 277 5,698 Municipal bonds 5 5,122 Total $ 342 $ 14,420 July 31, 2021: U.S. Treasury bills and notes $ 17 $ 1,652 Corporate bonds 33 3,293 Total $ 50 $ 4,945
Schedule of Continuous Unrealized Loss Position for 12 Months or Longer	At July 31, 2021, there were no securities in a continuous unrealized loss position for 12 months or longer. At January 31, 2022, the following available-for-sale debt securities included in the table above were in a continuous unrealized loss position for 12 months or longer: Schedule of Continuous Unrealized Loss Position for 12 Months or Longer Unrealized Losses Fair Value (in thousands) U.S. Treasury bills and notes $ 57 $ 1,603 Corporate bonds 103 1,453 Total $ 160 $ 3,056

Equity Investments (Tables)

Equity Investments (Tables)	6 Months Ended
	Jan. 31, 2022
Cash and Cash Equivalents [Abstract]
Schedule of Equity Investments	Equity investments consist of the following: Schedule of Equity Investments January 31, 2022 July 31, 2021 (in thousands) Zedge, Inc. Class B common stock, 42,282 $ 320 $ 649 Rafael Holdings, Inc. Class B common stock, 290,214 246,565 1,201 12,479 Rafael Holdings, Inc. restricted Class B common stock, nil 43,649 — 2,209 Other marketable equity securities 4,012 3,630 Fixed income mutual funds 22,961 23,467 Current equity investments $ 28,494 $ 42,434 Visa Inc. Series C Convertible Participating Preferred Stock (“Visa Series C Preferred”) $ 2,261 $ 2,465 Series B and Series C convertible preferred stock—equity method investment 2,509 2,901 Hedge funds 2,360 3,563 Other 1,225 2,725 Noncurrent equity investments $ 8,355 $ 11,654
Schedule of Carrying Value of Equity Investments	The changes in the carrying value of the Company’s equity investments without readily determinable fair values for which the Company elected the measurement alternative was as follows: Schedule of Carrying Value of Equity Investments 2022 2021 2022 2021 Three Months Ended January 31, Six Months Ended January 31, 2022 2021 2022 2021 (in thousands) Balance, beginning of period $ 2,397 $ 2,109 $ 2,743 $ 4,109 Redemption for Visa mandatory release assessment — — — (1,870 ) Adjustment for observable transactions involving a similar investment from the same issuer 142 114 (204 ) (16 ) Impairments — — — — Balance, end of the period $ 2,539 $ 2,223 $ 2,539 $ 2,223
Schedule of Unrealized (losses) Gains for All Equity Investments	Unrealized gains and losses for all equity investments included the following: Schedule of Unrealized (losses) Gains for All Equity Investments 2022 2021 2022 2021 Three Months Ended January 31, Six Months Ended January 31, 2022 2021 2022 2021 (in thousands) Net (losses) gains recognized during the period on equity investments $ (2,952 ) $ 1,307 $ (17,446 ) $ 387 Less: net gains recognized during the period on equity investments sold during the period 25 — 10 — Unrealized (losses) gains recognized during the period on equity investments still held at the reporting date $ (2,977 ) $ 1,307 $ (17,456 ) $ 387
Summary of Changes in Equity Method Investments	The following table summarizes the change in the balance of the Company’s equity method investment: Summary of Changes in Equity Method Investments 2022 2021 2022 2021 Three Months Ended January 31, Six Months Ended January 31, 2022 2021 2022 2021 (in thousands) Balance, beginning of period $ 3,329 $ — $ 2,901 $ — Purchase of convertible preferred stock — — 1,051 — Equity in the net loss of investee (639 ) — (1,080 ) — Amortization of equity method basis difference (181 ) — (363 ) — Balance, end of the period $ 2,509 $ — $ 2,509 $ —
Summary of Statements of Operations	Summarized financial information of the EMI was as follows: Summary of Statements of Operations 2022 2021 2022 2021 Three Months Ended January 31, Six Months Ended January 31, 2022 2021 2022 2021 (in thousands) Revenues $ 1,380 $ — $ 3,071 $ — Costs and expenses: Direct cost of revenues 1,443 — 2,905 — Selling, general and administrative 774 — 2,663 — Total costs and expenses 2,217 — 5,568 — Loss from operations (837 ) — (2,497 ) — Other expense — — (1 ) — Net loss $ (837 ) $ — $ (2,498 ) $ —

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jan. 31, 2022
Fair Value Disclosures [Abstract]
Schedule of Balance of Assets Measured at Fair Value On a Recurring Basis	The following table presents the balance of assets and liabilities measured at fair value on a recurring basis: Schedule of Balance of Assets Measured at Fair Value On a Recurring Basis Level 1 (1) Level 2 (2) Level 3 (3) Total (in thousands) January 31, 2022 Debt securities $ 1,603 $ 13,887 $ — $ 15,490 Equity investments included in current assets 28,494 — — 28,494 Equity investments included in noncurrent assets — — 2,261 2,261 Total $ 30,097 $ 13,887 $ 2,261 $ 46,245 Contingent consideration included in: Other current liabilities $ — $ — $ (628 ) $ (628 ) Other noncurrent liabilities — — (75 ) (75 ) Total $ — $ — $ (703 ) $ (703 ) July 31, 2021 Debt securities $ 1,652 $ 12,360 $ — $ 14,012 Equity investments included in current assets 40,225 2,209 — 42,434 Equity investments included in noncurrent assets — — 2,465 2,465 Total $ 41,877 $ 14,569 $ 2,465 $ 58,911 Contingent consideration included in: Other current liabilities $ — $ — $ (628 ) $ (628 ) Other noncurrent liabilities — — (397 ) (397 ) Total $ — $ — $ (1,025 ) $ (1,025 ) (1) – quoted prices in active markets for identical assets or liabilities (2) – observable inputs other than quoted prices in active markets for identical assets and liabilities (3) – no observable pricing inputs in the market
Schedule of Assets Measured at Fair Value On a Recurring Basis Using Significant Unobservable Inputs (Level 3)	The following table summarizes the change in the balance of the Company’s assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3): Schedule of Assets Measured at Fair Value On a Recurring Basis Using Significant Unobservable Inputs (Level 3) 2022 2021 2022 2021 Three Months Ended January 31, Six Months Ended January 31, 2022 2021 2022 2021 (in thousands) Balance, beginning of period $ 2,119 $ 1,825 $ 2,465 $ 3,825 Purchase of Rafael Holdings, Inc. warrant — 354 — 354 Redemption for Visa mandatory release assessment — — — (1,870 ) Total gains (losses) recognized in “Other (expense) income, net” 142 140 (204 ) 10 Balance, end of period $ 2,261 $ 2,319 $ 2,261 $ 2,319 Change in unrealized gains or losses for the period included in earnings for assets held at the end of the period $ — $ — $ — $ —
Schedule of Liabilities Measured at Fair Value On a Recurring Basis Using Significant Unobservable Inputs (Level 3)	The following table summarizes the change in the balance of the Company’s liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3): Schedule of Liabilities Measured at Fair Value On a Recurring Basis Using Significant Unobservable Inputs (Level 3) 2022 2021 2022 2021 Three Months Ended January 31, Six Months Ended January 31, 2022 2021 2022 2021 (in thousands) Balance, beginning of period $ 1,015 $ 391 $ 1,025 $ 396 Transfer into Level 3 from acquisitions — 393 — 393 Total (gain) loss included in: “Other operating (expense) gain, net” (303 ) — (303 ) — “Foreign currency translation adjustment” (9 ) 15 (19 ) 10 Balance, end of period $ 703 $ 799 $ 703 $ 799 Change in unrealized gains or losses for the period included in earnings for liabilities held at the end of the period $ — $ — $ — $ —

Variable Interest Entity (Table

Variable Interest Entity (Tables)	6 Months Ended
	Jan. 31, 2022
Business Combination and Asset Acquisition [Abstract]
Schedule of Net Income (loss) and Aggregate Funding Repaid to the Company By VIE	The VIE’s net income and aggregate funding repaid to the Company by the VIE were as follows: Schedule of Net Income (loss) and Aggregate Funding Repaid to the Company By VIE 2022 2021 2022 2021 Three Months Ended January 31, Six Months Ended January 31, 2022 2021 2022 2021 (in thousands) Net loss of the VIE $ (144 ) $ — $ — $ — Aggregate funding repaid to the Company by the VIE, net $ (93 ) $ — $ (96 ) $ —
VIE’s Summarized Consolidated Balance Sheet	The VIE’s summarized consolidated balance sheet amounts are as follows: VIE’s Summarized Consolidated Balance Sheet January 31, 2022 July 31, 2021 (in thousands) Assets: Cash and equivalents $ 1,535 $ 1,364 Restricted cash 3,914 3,848 Trade accounts receivable, net 42 91 Prepaid expenses 231 344 Other current assets 693 858 Due from the Company 88 — Property, plant, and equipment, net 566 637 Other intangibles, net 966 1,042 Total assets $ 8,035 $ 8,184 Liabilities and noncontrolling interests: Trade accounts payable $ — $ 312 Accrued expenses 27 26 Other current liabilities 4,648 4,491 Due to the Company — 8 Accumulated other comprehensive loss 6 (7 ) Noncontrolling interests 3,354 3,354 Total liabilities and noncontrolling interests $ 8,035 $ 8,184

Other Operating (Expense) Gai_2

Other Operating (Expense) Gain, Net (Tables)	6 Months Ended
	Jan. 31, 2022
Other Income and Expenses [Abstract]
Schedule of Other Operating Expense, Net	The following table summarizes the other operating (expense) gain, net by business segment: Schedule of Other Operating Expense, Net 2022 2021 2022 2021 Three Months Ended January 31, Six Months Ended January 31, 2022 2021 2022 2021 (in thousands) Corporate—Straight Path Communications Inc. class action legal fees $ (2,694 ) $ (1,397 ) $ (3,671 ) $ (1,718 ) Corporate—Straight Path Communications Inc. class action insurance claims 1,972 1,091 2,887 1,714 net2phone-UCaaS—write-off of contingent consideration liability 303 — 303 — net2phone-UCaaS—other (10 ) (100 ) (10 ) (100 ) Traditional Communications—gain from sale of rights under class action lawsuit — 2,000 — 2,000 Traditional Communications—net2phone indemnification claim (12 ) (387 ) (36 ) (387 ) Traditional Communications— Carrier Services settlement — — — (554 ) Traditional Communications—other (1 ) — (3 ) — Total other operating (expense) gain, net $ (442 ) $ 1,207 $ (530 ) $ 955

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jan. 31, 2022
Earnings Per Share [Abstract]
Schedule of Weighted-average Number of Shares Used in the Calculation of Basic and Diluted Earnings Per Share	The weighted-average number of shares used in the calculation of basic and diluted earnings per share attributable to the Company’s common stockholders consists of the following: Schedule of Weighted-average Number of Shares Used in the Calculation of Basic and Diluted Earnings Per Share Three Months Ended Six Months Ended 2022 2021 2022 2021 (in thousands) Basic weighted-average number of shares 25,652 25,362 25,609 25,448 Effect of dilutive securities: Stock options 715 9 711 4 Non-vested restricted Class B common stock 175 342 260 335 Diluted weighted-average number of shares 26,542 25,713 26,580 25,787
Schedule of Outstanding Stock Options Excluded from the Calculation of Diluted Earnings Per Share	The following shares were excluded from the calculation of diluted earnings per share: Schedule of Outstanding Stock Options Excluded from the Calculation of Diluted Earnings Per Share Three Months Ended Six Months Ended 2022 2021 2022 2021 (in thousands) Stock options — 1,035 — 1,070 Non-vested restricted Class B common stock — — — — Shares excluded from the calculation of diluted earnings per share — 1,035 — 1,070

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (Tables)	6 Months Ended
	Jan. 31, 2022
Equity:
Schedule of Accumulated Balances for Each Classification of Other Comprehensive Loss	The accumulated balances for each classification of other comprehensive loss were as follows: Schedule of Accumulated Balances for Each Classification of Other Comprehensive Loss Unrealized Loss on Available-for-Sale Securities Foreign Currency Translation Accumulated Other Comprehensive Loss (in thousands) Balance, July 31, 2021 $ (9 ) $ (10,174 ) $ (10,183 ) Other comprehensive loss attributable to IDT Corporation (323 ) (582 ) (905 ) Balance, January 31, 2022 $ (332 ) $ (10,756 ) $ (11,088 )

Other (Expense) Income, Net (Ta

Other (Expense) Income, Net (Tables)	6 Months Ended
	Jan. 31, 2022
Other Income and Expenses [Abstract]
Schedule of Other (Expense) Income, Net	Other (expense) income, net consists of the following: Schedule of Other (Expense) Income, Net 2022 2021 2022 2021 Three Months Ended Six Months Ended 2022 2021 2022 2021 (in thousands) Foreign currency transaction gains $ 848 $ 1,893 $ 598 $ 1,466 Equity in net loss of investee (820 ) — (1,443 ) — (Losses) gains on investments (see Note 7) (2,952 ) 1,307 (17,446 ) 387 Other (25 ) (30 ) (874 ) (61 ) Total other (expense) income, net $ (2,949 ) $ 3,170 $ (19,165 ) $ 1,792

Schedule of Operating Results o

Schedule of Operating Results of Business Segments (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jan. 31, 2022	Jan. 31, 2021	Jan. 31, 2022	Jan. 31, 2021
Segment Reporting Information [Line Items]
Revenues	$ 337,058	$ 339,766	$ 707,141	$ 683,191
Operating Income (Loss)	13,814	12,923	27,592	26,174
Fintech [Member]
Segment Reporting Information [Line Items]
Revenues	23,082	18,498	45,650	38,585
Operating Income (Loss)	(173)	(247)	(220)	2,889
Net2phone-UCaaS [Member]
Segment Reporting Information [Line Items]
Revenues	13,535	10,866	26,448	20,568
Operating Income (Loss)	(2,866)	(3,658)	(7,058)	(7,538)
Traditional Communications [Member]
Segment Reporting Information [Line Items]
Revenues	300,441	310,402	635,043	624,038
Operating Income (Loss)	19,857	19,122	39,984	34,981
Corporate Segment [Member]
Segment Reporting Information [Line Items]
Revenues
Operating Income (Loss)	$ (3,004)	$ (2,294)	$ (5,114)	$ (4,158)

Business Segment Information (D

Business Segment Information (Details Narrative)	6 Months Ended
	Jan. 31, 2022Integer
Segment Reporting [Abstract]
Number of reportable segments	3

Schedule of Revenues Disaggrega

Schedule of Revenues Disaggregated by Business Segment and Service Offered to Customers (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jan. 31, 2022	Jan. 31, 2021	Jan. 31, 2022	Jan. 31, 2021
Disaggregation of Revenue [Line Items]
Total	$ 337,058	$ 339,766	$ 707,141	$ 683,191
Fintech [Member]
Disaggregation of Revenue [Line Items]
Total	23,082	18,498	45,650	38,585
Net2phone-UCaaS [Member]
Disaggregation of Revenue [Line Items]
Total	13,535	10,866	26,448	20,568
Traditional Communications [Member]
Disaggregation of Revenue [Line Items]
Total	300,441	310,402	635,043	624,038
BOSS Revolution Money Transfer [Member] | Fintech [Member]
Disaggregation of Revenue [Line Items]
Total	12,462	13,280	24,958	28,438
National Retail Solutions [Member] | Fintech [Member]
Disaggregation of Revenue [Line Items]
Total	10,620	5,218	20,692	10,147
Mobile Top-Up [Member] | Traditional Communications [Member]
Disaggregation of Revenue [Line Items]
Total	116,246	96,562	244,731	192,397
BOSS Revolution Calling [Member] | Traditional Communications [Member]
Disaggregation of Revenue [Line Items]
Total	99,951	113,903	205,920	231,253
Carrier Services [Member] | Traditional Communications [Member]
Disaggregation of Revenue [Line Items]
Total	73,117	87,155	162,312	174,928
Other [Member] | Traditional Communications [Member]
Disaggregation of Revenue [Line Items]
Total	$ 11,127	$ 12,782	$ 22,080	$ 25,460

Schedule of Revenues Disaggre_2

Schedule of Revenues Disaggregated by Geographic Region (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jan. 31, 2022	Jan. 31, 2021	Jan. 31, 2022	Jan. 31, 2021
Disaggregation of Revenue [Line Items]
Total	$ 337,058	$ 339,766	$ 707,141	$ 683,191
UNITED STATES
Disaggregation of Revenue [Line Items]
Total	240,933	289,493	509,017	585,292
UNITED KINGDOM
Disaggregation of Revenue [Line Items]
Total	77,894	31,929	159,663	61,350
Others [Member]
Disaggregation of Revenue [Line Items]
Total	18,231	18,344	38,461	36,549
Non-US [Member]
Disaggregation of Revenue [Line Items]
Total	96,125	50,273	198,124	97,899
Fintech [Member]
Disaggregation of Revenue [Line Items]
Total	23,082	18,498	45,650	38,585
Fintech [Member] | UNITED STATES
Disaggregation of Revenue [Line Items]
Total	23,082	18,498	45,650	38,585
Fintech [Member] | UNITED KINGDOM
Disaggregation of Revenue [Line Items]
Total
Fintech [Member] | Others [Member]
Disaggregation of Revenue [Line Items]
Total
Fintech [Member] | Non-US [Member]
Disaggregation of Revenue [Line Items]
Total
Net2phone-UCaaS [Member]
Disaggregation of Revenue [Line Items]
Total	13,535	10,866	26,448	20,568
Net2phone-UCaaS [Member] | UNITED STATES
Disaggregation of Revenue [Line Items]
Total	7,157	5,680	13,981	10,769
Net2phone-UCaaS [Member] | UNITED KINGDOM
Disaggregation of Revenue [Line Items]
Total
Net2phone-UCaaS [Member] | Others [Member]
Disaggregation of Revenue [Line Items]
Total	6,378	5,186	12,467	9,799
Net2phone-UCaaS [Member] | Non-US [Member]
Disaggregation of Revenue [Line Items]
Total	6,378	5,186	12,467	9,799
Traditional Communications [Member]
Disaggregation of Revenue [Line Items]
Total	300,441	310,402	635,043	624,038
Traditional Communications [Member] | UNITED STATES
Disaggregation of Revenue [Line Items]
Total	210,694	265,315	449,386	535,938
Traditional Communications [Member] | UNITED KINGDOM
Disaggregation of Revenue [Line Items]
Total	77,894	31,929	159,663	61,350
Traditional Communications [Member] | Others [Member]
Disaggregation of Revenue [Line Items]
Total	11,853	13,158	25,994	26,750
Traditional Communications [Member] | Non-US [Member]
Disaggregation of Revenue [Line Items]
Total	$ 89,747	$ 45,087	$ 185,657	$ 88,100

Schedule of Information About C

Schedule of Information About Contract Liability Balance (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jan. 31, 2022	Jan. 31, 2021	Jan. 31, 2022	Jan. 31, 2021
Revenue from Contract with Customer [Abstract]
Revenue recognized in the period from amounts included in the contract liability balance at the beginning of the period	$ 20,152	$ 22,818	$ 24,378	$ 26,451

Schedule of Deferred Customer C

Schedule of Deferred Customer Contract Acquisition Costs (Details) - USD ($) $ in Thousands	Jan. 31, 2022	Jul. 31, 2021
Revenue from Contract with Customer [Abstract]
Deferred customer contract acquisition costs included in “Other current assets”	$ 3,730	$ 3,460
Deferred customer contract acquisition costs included in “Other assets”	3,346	3,151
Total	$ 7,076	$ 6,611

Schedule of Amortization of Def

Schedule of Amortization of Deferred Customer Contract Acquisition Costs (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jan. 31, 2022	Jan. 31, 2021	Jan. 31, 2022	Jan. 31, 2021
Revenue from Contract with Customer [Abstract]
Amortization of deferred customer contract acquisition costs	$ 1,030	$ 864	$ 2,042	$ 1,631

Schedule of Supplemental Disclo

Schedule of Supplemental Disclosures Related to the Company's Operating Leases (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jan. 31, 2022	Jan. 31, 2021	Jan. 31, 2022	Jan. 31, 2021
Leases
Operating lease cost	$ 687	$ 697	$ 1,387	$ 1,425
Short-term lease cost	253	130	600	195
Total lease cost	940	827	1,987	1,620
Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases	$ 670	$ 672	$ 1,365	$ 1,382

Schedule of Supplemental Disc_2

Schedule of Supplemental Disclosures Related Weighted Average Operating Leases (Details)	Jan. 31, 2022	Jul. 31, 2021
Leases
Operating Lease, Weighted Average Remaining Lease Term	3 years 3 months 18 days	3 years 4 months 24 days
Operating Lease, Weighted Average Discount Rate, Percent	2.90%	2.90%

Schedule of Aggregate Operating

Schedule of Aggregate Operating Lease Liability (Details) - USD ($) $ in Thousands	Jan. 31, 2022	Jul. 31, 2021
Leases
Operating lease liabilities included in “Other current liabilities”	$ 2,367	$ 2,456
Operating lease liabilities included in noncurrent liabilities	5,014	5,473
Total	$ 7,381	$ 7,929

Schedule of Future Minimum Matu

Schedule of Future Minimum Maturities of Operating Lease Liabilities (Details) - USD ($) $ in Thousands	Jan. 31, 2022	Jul. 31, 2021
Leases
2023	$ 2,549
2024	2,336
2025	1,977
2026	632
2027	140
Thereafter	119
Total lease payments	7,753
Less imputed interest	(372)
Total operating lease liabilities	$ 7,381	$ 7,929

Leases (Details Narrative)

Leases (Details Narrative) - USD ($) $ in Thousands	Sep. 13, 2021	Jan. 31, 2022	Jan. 31, 2021	Jan. 31, 2022	Jan. 31, 2021
Operating lease cost		$ 687	$ 697	$ 1,387	$ 1,425
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability	$ 700
Rafael Holdings Inc. [Member]
Operating lease cost		$ 500	$ 500	$ 900	$ 900
Newark [Member]
Lessee, Operating Lease, Description				The Newark lease expires in April 2025 and the Israel lease expires in July 2025.
Minimum [Member]
Lessee, Operating Lease, Term of Contract		1 year		1 year
Maximum [Member]
Lessee, Operating Lease, Term of Contract		6 years		6 years

Schedule of Cash, Cash Equivale

Schedule of Cash, Cash Equivalents, and Restricted Cash and Cash Equivalents (Details) - USD ($) $ in Thousands	Jan. 31, 2022	Jul. 31, 2021	Jan. 31, 2021	Jul. 31, 2020
Cash and Cash Equivalents [Abstract]
Cash and cash equivalents	$ 104,268	$ 107,147
Restricted cash and cash equivalents	116,284	119,769
Total cash, cash equivalents, and restricted cash and cash equivalents	$ 220,552	$ 226,916	$ 189,339	$ 201,222

Cash, Cash Equivalents, and R_3

Cash, Cash Equivalents, and Restricted Cash and Cash Equivalents (Details Narrative) - USD ($) $ in Thousands	Jan. 31, 2022	Jul. 31, 2021
Restricted Cash and Cash Equivalents, Current	$ 116,284	$ 119,769
Cash and Cash Equivalents, at Carrying Value	104,268	107,147
IDT Financial Services Limited [Member]
Restricted Cash and Cash Equivalents, Current	112,300	115,800
IDT Payment Services [Member]
Cash and Cash Equivalents, at Carrying Value	$ 11,800	$ 15,300

Schedule of Available-for-sale

Schedule of Available-for-sale Securities (Details) - USD ($) $ in Thousands		Jan. 31, 2022	Jul. 31, 2021
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Debt Securities, Available-for-sale, Amortized Cost		$ 15,822	$ 14,021
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax		10	41
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax		(342)	(50)
Debt Securities, Available-for-sale		15,490	14,012
Certificates of Deposit [Member]
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Debt Securities, Available-for-sale, Amortized Cost	[1]	2,000	1,200
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax	[1]		3
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax	[1]	(3)
Debt Securities, Available-for-sale	[1]	1,997	1,203
US Treasury Bill Securities [Member]
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Debt Securities, Available-for-sale, Amortized Cost		1,660	1,669
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax		(57)	(17)
Debt Securities, Available-for-sale		1,603	1,652
Corporate Bond Securities [Member]
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Debt Securities, Available-for-sale, Amortized Cost		6,362	6,327
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax		10	38
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax		(277)	(33)
Debt Securities, Available-for-sale		6,095	6,332
Municipal Bonds [Member]
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Debt Securities, Available-for-sale, Amortized Cost		5,800	4,825
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax		(5)
Debt Securities, Available-for-sale		$ 5,795	$ 4,825
[1]	Each of the Company’s certificates of deposit has a CUSIP, was purchased in the secondary market through a broker and may be sold in the secondary market.

Schedule of Contractual Maturit

Schedule of Contractual Maturities of Available-for-sale Debt Securities (Details) - USD ($) $ in Thousands	Jan. 31, 2022	Jul. 31, 2021
Investments, Debt and Equity Securities [Abstract]
Within one year	$ 3,568
After one year through five years	6,379
After five years through ten years	4,869
After ten years	674
Total	$ 15,490	$ 14,012

Schedule of Available-for-sal_2

Schedule of Available-for-sale Securities, Unrealized Loss Position (Details) - USD ($) $ in Thousands	Jan. 31, 2022	Jul. 31, 2021
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss	$ 342	$ 50
Debt Securities, Available-for-sale, Unrealized Loss Position	14,420	4,945
Certificates of Deposit [Member]
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss	3
Debt Securities, Available-for-sale, Unrealized Loss Position	1,997
US Treasury Bill Securities [Member]
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss	57	17
Debt Securities, Available-for-sale, Unrealized Loss Position	1,603	1,652
Corporate Bond Securities [Member]
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss	277	33
Debt Securities, Available-for-sale, Unrealized Loss Position	5,698	$ 3,293
Municipal Bonds [Member]
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss	5
Debt Securities, Available-for-sale, Unrealized Loss Position	$ 5,122

Schedule of Continuous Unrealiz

Schedule of Continuous Unrealized Loss Position for 12 Months or Longer (Details) $ in Thousands	Jan. 31, 2022USD ($)
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Unrealized Losses, Securities in a continuous unrealized loss position for 12 months or longer	$ 160
Fair Value, Securities in a continuous unrealized loss position for 12 months or longer	3,056
US Treasury Bill Securities [Member]
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Unrealized Losses, Securities in a continuous unrealized loss position for 12 months or longer	57
Fair Value, Securities in a continuous unrealized loss position for 12 months or longer	1,603
Corporate Bond Securities [Member]
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Unrealized Losses, Securities in a continuous unrealized loss position for 12 months or longer	103
Fair Value, Securities in a continuous unrealized loss position for 12 months or longer	$ 1,453

Debt Securities (Details Narrat

Debt Securities (Details Narrative) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jan. 31, 2022	Jan. 31, 2021	Jan. 31, 2022	Jan. 31, 2021
Investments, Debt and Equity Securities [Abstract]
Proceeds from Sale and Maturity of Debt Securities, Available-for-sale	$ 2.2	$ 5	$ 6.1	$ 11.6

Schedule of Equity Investments

Schedule of Equity Investments (Details) - USD ($) $ in Thousands	Jan. 31, 2022	Jul. 31, 2021
Current equity investments	$ 28,494	$ 42,434
Noncurrent equity investments	8,355	11,654
Other Marketable Equity Securities [Member]
Current equity investments	4,012	3,630
Mutual Fund [Member]
Current equity investments	22,961	23,467
Hedge Funds [Member]
Noncurrent equity investments	2,360	3,563
Other Investments [Member]
Noncurrent equity investments	1,225	2,725
Common Class B [Member] | Zedge Inc [Member]
Current equity investments	320	649
Common Class B [Member] | Rafael Holdings Inc. [Member]
Current equity investments	1,201	12,479
Restricted Common Class B [Member] | Rafael Holdings Inc. [Member]
Current equity investments		2,209
Series C Convertible Preferred Stock [Member] | Visa Inc. [Member]
Noncurrent equity investments	2,261	2,465
Series B and Series C Convertible Preferred Stock [Member]
Noncurrent equity investments	$ 2,509	$ 2,901

Schedule of Equity Investment_2

Schedule of Equity Investments (Details) (Parenthetical) - shares	6 Months Ended	12 Months Ended
	Jan. 31, 2022	Jul. 31, 2021
Common Class B [Member] | Zedge Inc [Member]
Number of related party shares received	42,282	42,282
Common Class B [Member] | Rafael Holdings Inc. [Member]
Number of related party shares received	290,214	246,565
Restricted Common Class B [Member] | Rafael Holdings Inc. [Member]
Number of related party shares received		43,649

Schedule of Carrying Value of E

Schedule of Carrying Value of Equity Investments (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jan. 31, 2022	Jan. 31, 2021	Jan. 31, 2022	Jan. 31, 2021
Cash and Cash Equivalents [Abstract]
Balance, beginning of period	$ 2,397	$ 2,109	$ 2,743	$ 4,109
Redemption for Visa mandatory release assessment				(1,870)
Adjustment for observable transactions involving a similar investment from the same issuer	142	114	(204)	(16)
Impairments
Balance, end of the period	$ 2,539	$ 2,223	$ 2,539	$ 2,223

Schedule of Unrealized (losses)

Schedule of Unrealized (losses) Gains for All Equity Investments (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jan. 31, 2022	Jan. 31, 2021	Jan. 31, 2022	Jan. 31, 2021
Cash and Cash Equivalents [Abstract]
Net (losses) gains recognized during the period on equity investments	$ (2,952)	$ 1,307	$ (17,446)	$ 387
Less: net gains recognized during the period on equity investments sold during the period	25		10
Unrealized (losses) gains recognized during the period on equity investments still held at the reporting date	$ (2,977)	$ 1,307	$ (17,456)	$ 387

Summary of Changes in Equity Me

Summary of Changes in Equity Method Investments (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jan. 31, 2022	Jan. 31, 2021	Jan. 31, 2022	Jan. 31, 2021
Schedule of Equity Method Investments [Line Items]
Purchase of convertible preferred stock			$ 1,051
Equity in the net loss of investee	$ (820)		(1,443)
Equity Method Investee [Member]
Schedule of Equity Method Investments [Line Items]
Balance, beginning of period	3,329		2,901
Purchase of convertible preferred stock			1,051
Equity in the net loss of investee	(639)		(1,080)
Amortization of equity method basis difference	(181)		(363)
Balance, end of the period	$ 2,509		$ 2,509

Summary of Statements of Operat

Summary of Statements of Operations (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jan. 31, 2022	Jan. 31, 2021	Jan. 31, 2022	Jan. 31, 2021
Schedule of Equity Method Investments [Line Items]
Revenues	$ 337,058	$ 339,766	$ 707,141	$ 683,191
Direct cost of revenues	257,325	269,145	548,950	542,319
Selling, general and administrative	61,070	54,298	121,177	106,442
Total costs and expenses	322,802	328,050	679,019	657,972
Loss from operations	13,814	12,923	27,592	26,174
Other expense	(2,949)	3,170	(19,165)	1,792
Net loss	8,250	13,205	5,911	21,620
Equity Method Investee [Member]
Schedule of Equity Method Investments [Line Items]
Revenues	1,380		3,071
Direct cost of revenues	1,443		2,905
Selling, general and administrative	774		2,663
Total costs and expenses	2,217		5,568
Loss from operations	(837)		(2,497)
Other expense			(1)
Net loss	$ (837)		$ (2,498)

Equity Investments (Details Nar

Equity Investments (Details Narrative) - USD ($)	Feb. 10, 2022	Aug. 10, 2021	Feb. 02, 2021	Jan. 31, 2022	Jan. 31, 2021	Jan. 31, 2022	Jan. 31, 2021
Payments to acquire equity method investments						$ 1,051,000
Equity Method Investment, Difference Between Carrying Amount and Underlying Equity		$ 1,000,000	$ 3,400,000
Equity Method Investee [Member]
Payments to acquire equity method investments						$ 1,051,000
Equity Method Investee [Member] | Subsequent Event [Member]
Receivable with imputed interest, face amount	$ 1,000,000
Receivable with imputed interest, effective yield (interest rate)	15.00%
Receivable with imputed interest, due date	Aug. 3, 2022
Unrestricted Common Class B [Member] | Rafael Holdings Inc. [Member]
Number of related party shares received						28,320
Class B Common Stock [Member] | Rafael Holdings Inc. [Member]
Investment Owned, Balance, Shares				261,894		261,894
Unrealized losses				$ 1,000,000		$ 13,500,000
Unrealized gains					200,000		300,000
Visa Series C Convertible Participating Preferred Stock [Member]
Equity Securities without Readily Determinable Fair Value, Upward Price Adjustment, Annual Amount				$ 100,000	$ 100,000
Equity Securities without Readily Determinable Fair Value, Downward Price Adjustment, Annual Amount						$ 200,000	$ 16,000
Series B Convertible Preferred Stock [Member] | Equity Method Investee [Member]
Payments to acquire equity method investments			$ 4,000,000
Equity method investment, ownership percentage			23.95%
Series C Convertible Preferred Stock [Member] | Equity Method Investee [Member]
Payments to acquire equity method investments		$ 1,100,000
Equity method investment, ownership percentage		26.57%

Schedule of Balance of Assets M

Schedule of Balance of Assets Measured at Fair Value On a Recurring Basis (Details) - USD ($) $ in Thousands		Jan. 31, 2022	Jul. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities		$ 15,490	$ 14,012
Fair Value, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities		15,490	14,012
Equity investments included in current assets		28,494	42,434
Equity investments included in noncurrent assets		2,261	2,465
Total		46,245	58,911
Contingent consideration included in other current liabilities		(628)	(628)
Contingent consideration included in other noncurrent liabilities		(75)	(397)
Contingent consideration included in other liabilities		(703)	(1,025)
Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities	[1]	1,603	1,652
Equity investments included in current assets	[1]	28,494	40,225
Equity investments included in noncurrent assets	[1]
Total	[1]	30,097	41,877
Contingent consideration included in other current liabilities	[1]
Contingent consideration included in other noncurrent liabilities	[1]
Contingent consideration included in other liabilities	[1]
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities	[2]	13,887	12,360
Equity investments included in current assets	[2]		2,209
Equity investments included in noncurrent assets	[2]
Total	[2]	13,887	14,569
Contingent consideration included in other current liabilities	[2]
Contingent consideration included in other noncurrent liabilities	[2]
Contingent consideration included in other liabilities	[2]
Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities	[3]
Equity investments included in current assets	[3]
Equity investments included in noncurrent assets	[3]	2,261	2,465
Total	[3]	2,261	2,465
Contingent consideration included in other current liabilities	[3]	(628)	(628)
Contingent consideration included in other noncurrent liabilities	[3]	(75)	(397)
Contingent consideration included in other liabilities	[3]	$ (703)	$ (1,025)
[1]	– quoted prices in active markets for identical assets or liabilities
[2]	– observable inputs other than quoted prices in active markets for identical assets and liabilities
[3]	– no observable pricing inputs in the market

Schedule of Assets Measured at

Schedule of Assets Measured at Fair Value On a Recurring Basis Using Significant Unobservable Inputs (Level 3) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jan. 31, 2022	Jan. 31, 2021	Jan. 31, 2022	Jan. 31, 2021
Fair Value Disclosures [Abstract]
Balance, beginning of period	$ 2,119	$ 1,825	$ 2,465	$ 3,825
Purchase of Rafael Holdings, Inc. warrant		354		354
Redemption for Visa mandatory release assessment				(1,870)
Total gains (losses) recognized in “Other (expense) income, net”	142	140	(204)	10
Balance, end of period	2,261	2,319	2,261	2,319
Change in unrealized gains or losses for the period included in earnings for assets held at the end of the period

Schedule of Liabilities Measure

Schedule of Liabilities Measured at Fair Value On a Recurring Basis Using Significant Unobservable Inputs (Level 3) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jan. 31, 2022	Jan. 31, 2021	Jan. 31, 2022	Jan. 31, 2021
Fair Value Disclosures [Abstract]
Balance, beginning of period	$ 1,015	$ 391	$ 1,025	$ 396
Transfer into Level 3 from acquisitions		393		393
“Other operating (expense) gain, net”	(303)		(303)
“Foreign currency translation adjustment”	(9)	15	(19)	10
Balance, end of period	703	799	703	799
Change in unrealized gains or losses for the period included in earnings for liabilities held at the end of the period

Fair Value Measurements (Detail

Fair Value Measurements (Details Narrative) - USD ($) $ in Millions	Jan. 31, 2022	Jul. 31, 2021
Fair Value Disclosures [Abstract]
Investment in hedge funds	$ 2.4	$ 3.6

Schedule of Net Income (loss) a

Schedule of Net Income (loss) and Aggregate Funding Repaid to the Company By VIE (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jan. 31, 2022	Jan. 31, 2021	Jan. 31, 2022	Jan. 31, 2021
Business Combination and Asset Acquisition [Abstract]
Net loss of the VIE	$ (144)
Aggregate funding repaid to the Company by the VIE, net	$ (93)		$ (96)

VIE_s Summarized Consolidated B

VIE’s Summarized Consolidated Balance Sheet (Details) - USD ($) $ in Thousands	Jan. 31, 2022	Jul. 31, 2021
Cash and equivalents	$ 104,268	$ 107,147
Trade accounts receivable, net	53,247	46,644
Prepaid expenses	17,408	13,694
Other current assets	22,582	16,779
Property, plant, and equipment, net	31,639	30,829
Other intangibles, net	6,940	7,578
Total assets	505,894	512,655
Trade accounts payable	23,800	24,502
Accrued expenses	122,372	129,085
Other current liabilities	30,744	27,930
Accumulated other comprehensive loss	(11,088)	(10,183)
Noncontrolling interests	2,385	1,750
Total liabilities and noncontrolling interests	505,894	512,655
Variable Interest Entity, Primary Beneficiary [Member]
Cash and equivalents	1,535	1,364
Restricted cash	3,914	3,848
Trade accounts receivable, net	42	91
Prepaid expenses	231	344
Other current assets	693	858
Due from the Company	88
Property, plant, and equipment, net	566	637
Other intangibles, net	966	1,042
Total assets	8,035	8,184
Trade accounts payable		312
Accrued expenses	27	26
Other current liabilities	4,648	4,491
Due to the Company		8
Accumulated other comprehensive loss	6	(7)
Noncontrolling interests	3,354	3,354
Total liabilities and noncontrolling interests	$ 8,035	$ 8,184

Schedule of Other Operating Exp

Schedule of Other Operating Expense, Net (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jan. 31, 2022	Jan. 31, 2021	Jan. 31, 2022	Jan. 31, 2021
net2phone-UCaaS—write-off of contingent consideration liability	$ 303		$ 303
net2phone-UCaaS—other	(10)	(100)	(10)	(100)
Traditional Communications—gain from sale of rights under class action lawsuit		2,000		2,000
Traditional Communications—net2phone indemnification claim	(12)	(387)	(36)	(387)
Traditional Communications— Carrier Services settlement				(554)
Traditional Communications—other	(1)		(3)
Total other operating (expense) gain, net	(442)	1,207	(530)	955
Straight Path [Member]
Corporate—Straight Path Communications Inc. class action legal fees	(2,694)	(1,397)	(3,671)	(1,718)
Corporate—Straight Path Communications Inc. class action insurance claims	$ 1,972	$ 1,091	$ 2,887	$ 1,714

Other Operating (Expense) Gai_3

Other Operating (Expense) Gain, Net (Details Narrative) $ in Millions	Dec. 21, 2020USD ($)
Payment Card Interchange Fee and Merchant Discount Antitrust Litigation [Member]
Loss Contingencies [Line Items]
Proceed from sale to third parties	$ 2

Revolving Credit Facility (Deta

Revolving Credit Facility (Details Narrative) - USD ($) $ in Thousands	6 Months Ended
	Jan. 31, 2022	Jan. 31, 2021	May 17, 2021
Line of Credit Facility [Line Items]
Repayments of lines of credit	$ 2,488
Proceeds from lines of credit	2,488
IDT Telecom [Member]
Line of Credit Facility [Line Items]
Repayments of lines of credit	2,500
Proceeds from lines of credit	$ 2,500
Revolving Credit Facility [Member] | TD Bank [Member]
Line of Credit Facility [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity			$ 25,000
Line of Credit Facility, Description	The revolving credit facility is secured by primarily all of IDT Telecom’s assets. The principal outstanding bears interest per annum at the Intercontinental Exchange Benchmark Administration Ltd. LIBOR multiplied by the Regulation D maximum reserve requirement plus 125 to 175 basis points, depending upon IDT Telecom’s leverage ratio as computed for the most recent fiscal quarter. Interest is payable monthly, and all outstanding principal and any accrued and unpaid interest is due on May 16, 2024. IDT Telecom pays a quarterly unused commitment fee on the average daily balance of the unused portion of the $ 25.0 million commitment of 30 to 85 basis points, depending upon IDT Telecom’s leverage ratio as computed for the most recent fiscal quarter
Line of Credit Facility, Remaining Borrowing Capacity			$ 25,000

Equity (Details Narrative)

Equity (Details Narrative) - USD ($)	Jan. 05, 2022	Dec. 15, 2021	Jan. 05, 2021	Jan. 31, 2022	Jan. 31, 2021
Class of Stock [Line Items]
Stock repurchase program, remaining number of shares authorized to be repurchased				5,800,000
Proceeds from exercise of stock options					$ 686,000
Number of common stock options exercise				0	81,041
Common Class B [Member]
Class of Stock [Line Items]
Additional number of shares authorized		175,000
Common Class B [Member] | Deferred Stock Units [Member]
Class of Stock [Line Items]
Number of vested shares	301,296		283,838
Class B Common Stock [Member]
Class of Stock [Line Items]
Aggregate repurchased shares				8,000,000
Class B common stock shares repurchased				0	463,792
Aggregate purchase price of shares repurchased					$ 2,800,000
Class B Common Stock [Member] | Employees [Member]
Class of Stock [Line Items]
Class B common stock shares repurchased				200,438	109,381
Aggregate purchase price of shares repurchased				$ 9,000,000	$ 1,300,000

Redeemable Noncontrolling Int_2

Redeemable Noncontrolling Interest (Details Narrative) - Common Class B [Member] - National Retail Solutions [Member] $ in Millions	Sep. 29, 2021USD ($)
Noncontrolling Interest [Line Items]
Capital stock outstanding percentage	2.50%
Sale of Stock, Consideration Received on Transaction	$ 10

Schedule of Weighted-average Nu

Schedule of Weighted-average Number of Shares Used in the Calculation of Basic and Diluted Earnings Per Share (Details) - shares	3 Months Ended		6 Months Ended
	Jan. 31, 2022	Jan. 31, 2021	Jan. 31, 2022	Jan. 31, 2021
Earnings Per Share [Abstract]
Basic weighted-average number of shares	25,652,000	25,362,000	25,609,000	25,448,000
Effect of dilutive securities: Stock options	715,000	9,000	711,000	4,000
Effect of dilutive securities: Non-vested restricted Class B common stock	175,000	342,000	260,000	335,000
Diluted weighted-average number of shares	26,542,000	25,713,000	26,580,000	25,787,000

Schedule of Outstanding Stock O

Schedule of Outstanding Stock Options Excluded from the Calculation of Diluted Earnings Per Share (Details) - shares	3 Months Ended		6 Months Ended
	Jan. 31, 2022	Jan. 31, 2021	Jan. 31, 2022	Jan. 31, 2021
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Shares excluded from the calculation of diluted earnings per share		1,035,000		1,070,000
Share-based Payment Arrangement, Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Shares excluded from the calculation of diluted earnings per share		1,035,000		1,070,000
Non-vested Restricted Class B Common Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Shares excluded from the calculation of diluted earnings per share

Schedule of Accumulated Balance

Schedule of Accumulated Balances for Each Classification of Other Comprehensive Loss (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jan. 31, 2022	Jan. 31, 2021	Jan. 31, 2022	Jan. 31, 2021
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance			$ (10,183)
Other comprehensive loss attributable to IDT Corporation	$ (1,862)	$ (1,769)	(905)	$ (1,547)
Ending balance	(11,088)		(11,088)
AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-sale, Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance			(9)
Other comprehensive loss attributable to IDT Corporation			(323)
Ending balance	(332)		(332)
Accumulated Foreign Currency Adjustment Attributable to Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance			(10,174)
Other comprehensive loss attributable to IDT Corporation			(582)
Ending balance	$ (10,756)		$ (10,756)

Commitments and Contingencies (

Commitments and Contingencies (Details Narrative) - USD ($) $ in Millions	Jan. 31, 2022	Jul. 31, 2021
Loss Contingencies [Line Items]
Accrued Liabilities	$ 37.6	$ 38.3
Purchase Obligation	4.5
Performance bonds outstanding	22.1
Federal Telecommunications Relay Services Fund [Member]
Loss Contingencies [Line Items]
Loss Contingency, Estimate of Possible Loss	2.9
Universal Service Fund [Member]
Loss Contingencies [Line Items]
Loss Contingency, Estimate of Possible Loss	$ 1.8

Schedule of Other (Expense) Inc

Schedule of Other (Expense) Income, Net (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jan. 31, 2022	Jan. 31, 2021	Jan. 31, 2022	Jan. 31, 2021
Other Income and Expenses [Abstract]
Foreign currency transaction gains	$ 848	$ 1,893	$ 598	$ 1,466
Equity in net loss of investee	(820)		(1,443)
(Losses) gains on investments (see Note 7)	(2,952)	1,307	(17,446)	387
Other	(25)	(30)	(874)	(61)
Total other (expense) income, net	$ (2,949)	$ 3,170	$ (19,165)	$ 1,792

Subsequent Events_Acquisitions

Subsequent Events—Acquisitions (Details Narrative) - Subsequent Event [Member] - USD ($)	Mar. 03, 2022	Mar. 01, 2022
Net2phone 2.0, Inc [Member]
Subsequent Event [Line Items]
Contingent consideration, description	contingent consideration of up to $3.5 million based on annual cumulative incremental recurring seat revenue over a four-year period payable in cash and/or shares at net2phone 2.0, Inc.’s discretion.
Contingent consideration	$ 3,500,000
IDT International Telecom, Inc [Member]
Subsequent Event [Line Items]
Contingent consideration, description		contingent consideration of up to $5.5 million based on annual gross profit over a five-year period.
Contingent consideration		$ 5,500,000
Net2phone 2.0, Inc [Member]
Subsequent Event [Line Items]
Acquisitions, value	15,000,000
Purchase price in cash	7,200,000
Working capital adjustment	$ 3,300,000
Net2phone 2.0, Inc [Member] | Common Class B, Shares of IDT [Member]
Subsequent Event [Line Items]
Number of shares issued	27,765
Net2phone 2.0, Inc [Member] | Common Class B [Member]
Subsequent Event [Line Items]
Number of shares issued, value	$ 1,000,000
IDT International Telecom, Inc [Member]
Subsequent Event [Line Items]
Acquisitions, value		6,050,000
Purchase price in cash		500,000
Working capital adjustment		$ 50,000