The
following table summarizes the other operating expense, net by business segment:
Schedule of Other Operating (Expense) Gain, Net
| Year
ended July 31 (in thousands) | |
2025 | | |
2024 | | |
2023 | |
| Corporate
—Straight Path Communications Inc. class action legal fees | |
$ | (527 | ) | |
$ | (7,237 | ) | |
$ | (5,785 | ) |
| Corporate
—Straight Path Communications Inc. class action insurance claims | |
| — | | |
| 2,869 | | |
| 3,845 | |
| Corporate—legal fees associated with settlement of litigation | |
| (1,575 | ) | |
| — | | |
| — | |
| Corporate—Grow
New Jersey Assistance Act tax credit | |
| — | | |
| — | | |
| 1,600 | |
| Corporate—other | |
| (1,000 | ) | |
| 12 | | |
| — | |
| Fintech—write-off
of intangible asset | |
| — | | |
| (74 | ) | |
| — | |
| Fintech—write-off
of contingent consideration liability | |
| — | | |
| 1,765 | | |
| 1,565 | |
| Fintech—government
grants | |
| — | | |
| — | | |
| 382 | |
| net2phone—write-off
of equipment | |
| (635 | ) | |
| — | | |
| (133 | ) |
| net2phone—write-off
of contingent consideration liability | |
| — | | |
| 73 | | |
| — | |
| net2phone—other | |
| 3 | | |
| (17 | ) | |
| — | |
| National Retail Solutions—settlement of litigation | |
| (2,401 | ) | |
| — | | |
| — | |
| National
Retail Solutions—write-off of capitalized internal use software costs | |
| — | | |
| (45 | ) | |
| — | |
| National
Retail Solutions—other | |
| — | | |
| (105 | ) | |
| — | |
| Traditional Communications—write-off of equipment | |
| (222 | ) | |
| — | | |
| — | |
| Traditional
Communications—write-off of capitalized internal use software costs | |
| — | | |
| (237 | ) | |
| (1,419 | ) |
| Traditional
Communications—cable telephony customer indemnification claim | |
| — | | |
| — | | |
| (3,925 | ) |
| Traditional
Communications—increase in contingent consideration liability | |
| — | | |
| — | | |
| (216 | ) |
| Traditional
Communications—other | |
| 15 | | |
| 51 | | |
| (329 | ) |
| TOTAL | |
$ | (6,342 | ) | |
$ | (2,945 | ) | |
$ | (4,415 | ) |
|