2023 Q4 Form 10-Q Financial Statement

#000149315223044374 Filed on December 11, 2023

View on sec.gov

Income Statement

Concept 2023 Q4
Revenue $301.2M
YoY Change -6.4%
Cost Of Revenue $206.8M
YoY Change -10.73%
Gross Profit $94.43M
YoY Change 4.71%
Gross Profit Margin 31.35%
Selling, General & Admin $77.22M
YoY Change 17.24%
% of Gross Profit 81.78%
Research & Development $12.41M
YoY Change
% of Gross Profit 13.14%
Depreciation & Amortization $5.047M
YoY Change 5.37%
% of Gross Profit 5.34%
Operating Expenses $77.26M
YoY Change 10.61%
Operating Profit $17.17M
YoY Change -15.55%
Interest Expense -$4.584M
YoY Change -1000.59%
% of Operating Profit -26.71%
Other Income/Expense, Net -$5.586M
YoY Change 45.39%
Pretax Income $12.42M
YoY Change -26.46%
Income Tax $3.947M
% Of Pretax Income 31.77%
Net Earnings $7.659M
YoY Change -30.39%
Net Earnings / Revenue 2.54%
Basic Earnings Per Share $0.30
Diluted Earnings Per Share $0.30
COMMON SHARES
Basic Shares Outstanding 25.18M shares
Diluted Shares Outstanding 25.28M shares

Balance Sheet

Concept 2023 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $159.7M
YoY Change 16.48%
Cash & Equivalents $121.7M
Short-Term Investments $38.00M
Other Short-Term Assets $27.03M
YoY Change -83.73%
Inventory
Prepaid Expenses $19.50M
Receivables $35.33M
Other Receivables $0.00
Total Short-Term Assets $382.2M
YoY Change 5.84%
LONG-TERM ASSETS
Property, Plant & Equipment $38.80M
YoY Change -12.14%
Goodwill $26.31M
YoY Change 0.23%
Intangibles
YoY Change
Long-Term Investments $8.150M
YoY Change 17.84%
Other Assets $10.94M
YoY Change -74.66%
Total Long-Term Assets $116.9M
YoY Change -9.83%
TOTAL ASSETS
Total Short-Term Assets $382.2M
Total Long-Term Assets $116.9M
Total Assets $499.0M
YoY Change 1.7%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $24.47M
YoY Change -22.74%
Accrued Expenses $100.1M
YoY Change -6.77%
Deferred Revenue $34.04M
YoY Change -3.79%
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $275.9M
YoY Change -5.75%
LONG-TERM LIABILITIES
Long-Term Debt $0.00
YoY Change
Other Long-Term Liabilities $3.220M
YoY Change -64.9%
Total Long-Term Liabilities $3.220M
YoY Change -64.9%
TOTAL LIABILITIES
Total Short-Term Liabilities $275.9M
Total Long-Term Liabilities $3.220M
Total Liabilities $281.5M
YoY Change -11.09%
SHAREHOLDERS EQUITY
Retained Earnings $32.32M
YoY Change -769.45%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $118.3M
YoY Change 10.67%
Treasury Stock Shares
Shareholders Equity $200.0M
YoY Change
Total Liabilities & Shareholders Equity $499.0M
YoY Change 1.7%

Cashflow Statement

Concept 2023 Q4
OPERATING ACTIVITIES
Net Income $7.659M
YoY Change -30.39%
Depreciation, Depletion And Amortization $5.047M
YoY Change 5.37%
Cash From Operating Activities $14.79M
YoY Change -18.66%
INVESTING ACTIVITIES
Capital Expenditures $4.322M
YoY Change -183.57%
Acquisitions
YoY Change
Other Investing Activities $8.645M
YoY Change -8.17%
Cash From Investing Activities $4.323M
YoY Change 1.91%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $2.851M
YoY Change -153.38%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$2.649M
YoY Change -62.46%
NET CHANGE
Cash From Operating Activities $14.79M
Cash From Investing Activities $4.323M
Cash From Financing Activities -$2.649M
Net Change In Cash $9.630M
YoY Change -37.35%
FREE CASH FLOW
Cash From Operating Activities $14.79M
Capital Expenditures $4.322M
Free Cash Flow $10.47M
YoY Change -55.18%

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OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
631000 usd
CY2022Q4 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-145000 usd
CY2023Q4 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
565000 usd
CY2022Q4 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-367000 usd
CY2023Q4 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
9041000 usd
CY2022Q4 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
12188000 usd
CY2023Q4 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
817000 usd
CY2022Q4 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
1553000 usd
CY2023Q4 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
8224000 usd
CY2022Q4 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
10635000 usd
CY2023Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
199996000 usd
CY2023Q4 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
172000 usd
CY2023Q4 IDT Treasury Stock Value Repurchases Of Common Stock Through Repurchase Program
TreasuryStockValueRepurchasesOfCommonStockThroughRepurchaseProgram
-2836000 usd
CY2023Q4 IDT Treasury Stock Value Restricted Common Stock Purchased From Employees
TreasuryStockValueRestrictedCommonStockPurchasedFromEmployees
-15000 usd
CY2023Q4 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
771000 usd
CY2023Q4 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
55000 usd
CY2023Q4 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
565000 usd
CY2023Q4 IDT Net Income Loss Including Portion Attributable To Redeemable Non Controlling Interest And Non Controlling Interest In Subsidiaries
NetIncomeLossIncludingPortionAttributableToRedeemableNonControllingInterestAndNonControllingInterestInSubsidiaries
8369000 usd
CY2023Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
206967000 usd
CY2022Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
170637000 usd
CY2022Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
170637000 usd
CY2022Q4 IDT Treasury Stock Value Repurchases Of Common Stock Through Repurchase Program
TreasuryStockValueRepurchasesOfCommonStockThroughRepurchaseProgram
-5006000 usd
CY2022Q4 IDT Treasury Stock Value Restricted Common Stock Purchased From Employees
TreasuryStockValueRestrictedCommonStockPurchasedFromEmployees
-335000 usd
CY2022Q4 us-gaap Adjustments To Additional Paid In Capital Other
AdjustmentsToAdditionalPaidInCapitalOther
615000 usd
CY2022Q4 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
572000 usd
CY2022Q4 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
99000 usd
CY2022Q4 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-367000 usd
CY2022Q4 IDT Net Income Loss Including Portion Attributable To Redeemable Non Controlling Interest And Non Controlling Interest In Subsidiaries
NetIncomeLossIncludingPortionAttributableToRedeemableNonControllingInterestAndNonControllingInterestInSubsidiaries
12422000 usd
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
178439000 usd
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
178439000 usd
CY2023Q4 us-gaap Profit Loss
ProfitLoss
8476000 usd
CY2022Q4 us-gaap Profit Loss
ProfitLoss
12555000 usd
CY2023Q4 us-gaap Depreciation And Amortization
DepreciationAndAmortization
5047000 usd
CY2022Q4 us-gaap Depreciation And Amortization
DepreciationAndAmortization
4790000 usd
CY2023Q4 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
3561000 usd
CY2022Q4 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
3672000 usd
CY2023Q4 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
759000 usd
CY2022Q4 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
430000 usd
CY2023Q4 us-gaap Marketable Securities Gain Loss
MarketableSecuritiesGainLoss
-1528000 usd
CY2022Q4 us-gaap Marketable Securities Gain Loss
MarketableSecuritiesGainLoss
-1846000 usd
CY2023Q4 us-gaap Share Based Compensation
ShareBasedCompensation
771000 usd
CY2022Q4 us-gaap Share Based Compensation
ShareBasedCompensation
572000 usd
CY2023Q4 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-897000 usd
CY2022Q4 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-756000 usd
CY2023Q4 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
4572000 usd
CY2022Q4 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-2442000 usd
CY2023Q4 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-8250000 usd
CY2022Q4 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
4380000 usd
CY2023Q4 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-7061000 usd
CY2022Q4 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-6970000 usd
CY2023Q4 us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
-2326000 usd
CY2022Q4 us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
2865000 usd
CY2023Q4 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-540000 usd
CY2022Q4 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-394000 usd
CY2023Q4 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
14790000 usd
CY2022Q4 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
18184000 usd
CY2023Q4 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
4322000 usd
CY2022Q4 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
5172000 usd
CY2023Q4 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
672000 usd
CY2023Q4 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
7750000 usd
CY2022Q4 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
2058000 usd
CY2023Q4 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
17067000 usd
CY2022Q4 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
11472000 usd
CY2023Q4 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
4323000 usd
CY2022Q4 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
4242000 usd
CY2023Q4 us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
55000 usd
CY2022Q4 us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
99000 usd
CY2023Q4 us-gaap Proceeds From Other Debt
ProceedsFromOtherDebt
100000 usd
CY2022Q4 us-gaap Proceeds From Other Debt
ProceedsFromOtherDebt
300000 usd
CY2023Q4 us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
15000 usd
CY2022Q4 us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
1916000 usd
CY2023Q4 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
30315000 usd
CY2023Q4 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
30315000 usd
CY2023Q4 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
172000 usd
CY2023Q4 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
2851000 usd
CY2022Q4 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
5341000 usd
CY2023Q4 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-2649000 usd
CY2022Q4 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-7056000 usd
CY2023Q4 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-6834000 usd
CY2022Q4 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-6157000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
9630000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
9213000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
198823000 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
189562000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
208453000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
198775000 usd
CY2022Q4 us-gaap Adjustments To Additional Paid In Capital Other
AdjustmentsToAdditionalPaidInCapitalOther
615000 usd
CY2023Q4 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p id="xdx_842_eus-gaap--PriorPeriodReclassificationAdjustmentDescription_z2fZDBylMSr6" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i><span id="xdx_869_zbkG8LUP3g5l">Reclassifications</span></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">As of August 1, 2023, the Company includes depreciation and amortization in “Direct cost of revenues” and “Selling, general and administrative” expense and is reporting gross profit in the consolidated statements of income. Prior to August 1, 2023, depreciation and amortization was a separate caption in the consolidated statements of income. Depreciation and amortization expense of $<span id="xdx_90E_eus-gaap--DepreciationAndAmortization_pn5n6_c20220801__20221031_zbVrsWtAZ8C3" title="Depreciation and amortization">4.8</span> million in the three months ended October 31, 2022 was reclassified to conform to the current year’s presentation as follows: $<span id="xdx_901_eus-gaap--DepreciationAndAmortization_pn5n6_c20220801__20221031__srt--RestatementAxis__srt--ScenarioPreviouslyReportedMember__us-gaap--IncomeStatementLocationAxis__custom--DirectCostOfRevenuesMember_zj1hfurwZW8j" title="Depreciation and amortization">1.0</span> million was reclassified to “Direct cost of revenues” and $<span id="xdx_900_eus-gaap--DepreciationAndAmortization_pn5n6_c20220801__20221031__srt--RestatementAxis__srt--ScenarioPreviouslyReportedMember__us-gaap--IncomeStatementLocationAxis__us-gaap--SellingGeneralAndAdministrativeExpensesMember_zZVzPaxDbpG8" title="Depreciation and amortization">3.8</span> million was reclassified to “Selling, general and administrative” expense.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In the consolidated statements of cash flows, cash provided by “Trade accounts receivable” in the three months ended October 31, 2022 of $<span id="xdx_906_eus-gaap--IncreaseDecreaseInAccountsReceivable_pn5n6_c20220801__20221031__srt--RestatementAxis__srt--ScenarioPreviouslyReportedMember_zZTdC98qxOHe" title="Trade accounts receivable">2.7</span> million was reclassified to “Settlement assets, disbursement prefunding, prepaid expenses, other current assets, and other assets” to conform to the current year’s presentation.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2022Q4 us-gaap Depreciation And Amortization
DepreciationAndAmortization
4800000 usd
CY2023Q4 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
4 segments
CY2023Q4 us-gaap Revenues
Revenues
301205000 usd
CY2023Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
17165000 usd
CY2022Q4 us-gaap Revenues
Revenues
321816000 usd
CY2022Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
20226000 usd
CY2023Q4 us-gaap Revenues
Revenues
301205000 usd
CY2022Q4 us-gaap Revenues
Revenues
321816000 usd
CY2023Q4 us-gaap Revenues
Revenues
301205000 usd
CY2022Q4 us-gaap Revenues
Revenues
321816000 usd
CY2023Q4 us-gaap Revenues
Revenues
301205000 usd
CY2023Q4 us-gaap Revenues
Revenues
301205000 usd
CY2022Q4 us-gaap Revenues
Revenues
321816000 usd
CY2022Q4 us-gaap Revenues
Revenues
321816000 usd
CY2023Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
44170000 usd
CY2023Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
23859000 usd
CY2023Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
11400000 usd
CY2023Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
79429000 usd
CY2023Q4 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
16089000 usd
CY2022Q4 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
17906000 usd
CY2023Q4 us-gaap Capitalized Contract Cost Net Current
CapitalizedContractCostNetCurrent
4180000 usd
CY2023Q3 us-gaap Capitalized Contract Cost Net Current
CapitalizedContractCostNetCurrent
4460000 usd
CY2023Q4 us-gaap Capitalized Contract Cost Net Noncurrent
CapitalizedContractCostNetNoncurrent
3744000 usd
CY2023Q3 us-gaap Capitalized Contract Cost Net Noncurrent
CapitalizedContractCostNetNoncurrent
3734000 usd
CY2023Q4 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
7924000 usd
CY2023Q3 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
8194000 usd
CY2023Q4 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
1215000 usd
CY2022Q4 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
1176000 usd
CY2023Q4 us-gaap Operating Lease Cost
OperatingLeaseCost
758000 usd
CY2022Q4 us-gaap Operating Lease Cost
OperatingLeaseCost
767000 usd
CY2023Q4 us-gaap Short Term Lease Cost
ShortTermLeaseCost
326000 usd
CY2022Q4 us-gaap Short Term Lease Cost
ShortTermLeaseCost
269000 usd
CY2023Q4 us-gaap Lease Cost
LeaseCost
1084000 usd
CY2022Q4 us-gaap Lease Cost
LeaseCost
1036000 usd
CY2023Q4 us-gaap Operating Lease Payments
OperatingLeasePayments
791000 usd
CY2022Q4 us-gaap Operating Lease Payments
OperatingLeasePayments
764000 usd
CY2023Q4 us-gaap Operating Lease Payments
OperatingLeasePayments
791000 usd
CY2022Q4 us-gaap Operating Lease Payments
OperatingLeasePayments
764000 usd
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y1M6D
CY2023Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y3M18D
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.039 pure
CY2023Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.037 pure
CY2023Q4 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
100000 usd
CY2022Q4 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
400000 usd
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
2732000 usd
CY2023Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
2861000 usd
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
2346000 usd
CY2023Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
2881000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
5078000 usd
CY2023Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
5742000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Rolling Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextRollingTwelveMonths
2883000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Two
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearTwo
1713000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Three
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearThree
478000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Four
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearFour
220000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Five
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearFive
12000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
5306000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
228000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
5078000 usd
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
121668000 usd
CY2023Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
103637000 usd
CY2023Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
86785000 usd
CY2023Q3 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
95186000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
208453000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
198823000 usd
CY2023Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
33953000 usd
CY2023Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
711000 usd
CY2023Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
33242000 usd
CY2023Q3 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
43059000 usd
CY2023Q3 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
645000 usd
CY2023Q3 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
42414000 usd
CY2023Q4 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
17100000 usd
CY2022Q4 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
11500000 usd
CY2023Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
26185000 usd
CY2023Q4 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
5904000 usd
CY2023Q4 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
1110000 usd
CY2023Q4 us-gaap Available For Sale Securities Debt Maturities After Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue
43000 usd
CY2023Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
33242000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
711000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
33242000 usd
CY2023Q3 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
645000 usd
CY2023Q3 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
41635000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
622000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
3855000 usd
CY2023Q3 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
570000 usd
CY2023Q3 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
4115000 usd
CY2023Q4 us-gaap Equity Securities Fv Ni
EquitySecuritiesFvNi
4761000 usd
CY2023Q3 us-gaap Equity Securities Fv Ni
EquitySecuritiesFvNi
6198000 usd
CY2023Q4 us-gaap Long Term Investments
LongTermInvestments
8150000 usd
CY2023Q3 us-gaap Long Term Investments
LongTermInvestments
9874000 usd
CY2023Q3 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
1632000 usd
CY2022Q3 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
1501000 usd
CY2023Q4 IDT Adjustment For Observable Transactions Involving Similar Investment From Same Issuer
AdjustmentForObservableTransactionsInvolvingSimilarInvestmentFromSameIssuer
-14000 usd
CY2022Q4 IDT Adjustment For Observable Transactions Involving Similar Investment From Same Issuer
AdjustmentForObservableTransactionsInvolvingSimilarInvestmentFromSameIssuer
-27000 usd
CY2023Q4 us-gaap Equity Securities Without Readily Determinable Fair Value Upward Price Adjustment Annual Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueUpwardPriceAdjustmentAnnualAmount
129000 usd
CY2023Q4 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
1747000 usd
CY2022Q4 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
1474000 usd
CY2023Q4 us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
-917000 usd
CY2022Q4 us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
-1941000 usd
CY2022Q4 IDT Equity Securities Fv Ni Recognized Gain Loss Net On Equity Securities Redeemed
EquitySecuritiesFvNiRecognizedGainLossNetOnEquitySecuritiesRedeemed
4000 usd
CY2023Q4 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
-917000 usd
CY2022Q4 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
-1937000 usd
CY2023Q4 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
-917000 usd
CY2022Q4 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
-1937000 usd
CY2023Q4 us-gaap Equity Method Investment Difference Between Carrying Amount And Underlying Equity
EquityMethodInvestmentDifferenceBetweenCarryingAmountAndUnderlyingEquity
8200000 usd
CY2023Q4 us-gaap Equity Method Investment Difference Between Carrying Amount And Underlying Equity Accounting Treatment
EquityMethodInvestmentDifferenceBetweenCarryingAmountAndUnderlyingEquityAccountingTreatment
These basis differences are being amortized over the 6-year estimated life of the customer list.
CY2023Q4 IDT Investment In Hedge Funds
InvestmentInHedgeFunds
3000000.0 usd
CY2023Q3 IDT Investment In Hedge Funds
InvestmentInHedgeFunds
3000000.0 usd
CY2023Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
1263000 usd
CY2022Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
1132000 usd
CY2023Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings1
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1
-14000 usd
CY2022Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings1
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1
-27000 usd
CY2023Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
1249000 usd
CY2022Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
1105000 usd
CY2023Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
4805000 usd
CY2022Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
8546000 usd
CY2023Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements
214000 usd
CY2022Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements
375000 usd
CY2022Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
1565000 usd
CY2023Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Other Comprehensive Income
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInOtherComprehensiveIncome
3000 usd
CY2022Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Other Comprehensive Income
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInOtherComprehensiveIncome
3000 usd
CY2023Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
4588000 usd
CY2022Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
6603000 usd
CY2023Q4 us-gaap Payment For Contingent Consideration Liability Investing Activities
PaymentForContingentConsiderationLiabilityInvestingActivities
200000 usd
CY2022Q4 us-gaap Payment For Contingent Consideration Liability Investing Activities
PaymentForContingentConsiderationLiabilityInvestingActivities
400000 usd
CY2023Q4 IDT Variable Interest Entity Net Income Losst Amount
VariableInterestEntityNetIncomeLosstAmount
81000 usd
CY2022Q4 IDT Variable Interest Entity Net Income Losst Amount
VariableInterestEntityNetIncomeLosstAmount
140000 usd
CY2023Q4 IDT Variable Interest Entity Aggregate Funding Repaid To Provided By Reporting Entity
VariableInterestEntityAggregateFundingRepaidToProvidedByReportingEntity
114000 usd
CY2022Q4 IDT Variable Interest Entity Aggregate Funding Repaid To Provided By Reporting Entity
VariableInterestEntityAggregateFundingRepaidToProvidedByReportingEntity
97000 usd
CY2023Q4 us-gaap Legal Fees
LegalFees
212000 usd
CY2022Q4 us-gaap Legal Fees
LegalFees
2512000 usd
CY2023Q4 us-gaap Unusual Or Infrequent Item Insurance Proceeds
UnusualOrInfrequentItemInsuranceProceeds
684000 usd
CY2022Q4 us-gaap Unusual Or Infrequent Item Insurance Proceeds
UnusualOrInfrequentItemInsuranceProceeds
1725000 usd
CY2023Q4 IDT Corporate Other
CorporateOther
12000 usd
CY2022Q4 IDT Fintechgovernment Grants
FintechgovernmentGrants
33000 usd
CY2022Q4 IDT Traditional Communications Cable Telephony Customer Indemnification Claim
TraditionalCommunicationsCableTelephonyCustomerIndemnificationClaim
-11000 usd
CY2023Q4 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
484000 usd
CY2022Q4 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
800000 usd
CY2023Q4 us-gaap Stock Repurchase Program Remaining Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased
4600000 shares
CY2023Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
25178000 shares
CY2022Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
25603000 shares
CY2023Q4 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
3000 shares
CY2022Q4 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
12000 shares
CY2023Q4 us-gaap Incremental Common Shares Attributable To Nonvested Shares With Forfeitable Dividends
IncrementalCommonSharesAttributableToNonvestedSharesWithForfeitableDividends
96000 shares
CY2022Q4 us-gaap Incremental Common Shares Attributable To Nonvested Shares With Forfeitable Dividends
IncrementalCommonSharesAttributableToNonvestedSharesWithForfeitableDividends
1000 shares
CY2023Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
25277000 shares
CY2022Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
25616000 shares
CY2023Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-17192000 usd
CY2023Q4 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
565000 usd
CY2023Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-16627000 usd
CY2023Q4 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
23900000 usd
CY2023Q3 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
26800000 usd
CY2023Q4 us-gaap Purchase Obligation
PurchaseObligation
18600000 usd
CY2023Q4 IDT Performance Bonds Outstanding
PerformanceBondsOutstanding
29000000.0 usd
CY2023Q4 us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
-3499000 usd
CY2022Q4 us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
-1030000 usd
CY2023Q4 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-1012000 usd
CY2022Q4 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-652000 usd
CY2023Q4 us-gaap Gain Loss On Investments
GainLossOnInvestments
-917000 usd
CY2022Q4 us-gaap Gain Loss On Investments
GainLossOnInvestments
-1941000 usd
CY2023Q4 us-gaap Other Income
OtherIncome
-158000 usd
CY2022Q4 us-gaap Other Income
OtherIncome
-219000 usd
CY2023Q4 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-5586000 usd
CY2022Q4 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-3842000 usd
CY2023Q4 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.318 pure
CY2023 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.270 pure

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idt-20231031_cal.xml Edgar Link unprocessable