v3.25.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Jul. 31, 2025
Jul. 31, 2024
Jul. 31, 2023
OPERATING ACTIVITIES      
Net income $ 81,139 $ 68,264 $ 44,366
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 21,008 20,351 20,136
Deferred income taxes 16,217 (10,907) 12,601
Provision for credit losses, doubtful accounts receivable, and reserve for settlement assets 7,090 4,390 2,198
Stock-based compensation 3,074 7,397 4,518
Other 2,199 4,579 6,543
Changes in assets and liabilities:      
Trade accounts receivable (6,459) (12,701) 4,726
Settlement assets, disbursement prefunding, prepaid expenses, other current assets, and other assets (8,556) 12,735 (17,503)
Trade accounts payable, accrued expenses, settlement liabilities, other current liabilities, and other liabilities (4,814) (9,081) (21,001)
Customer funds deposits 19,235 (1,820) (2,152)
Deferred revenue (3,072) (5,016) (2,029)
Net cash provided by operating activities 127,061 78,191 52,403
INVESTING ACTIVITIES      
Capital expenditures (20,770) (18,922) (21,958)
Notes receivable from equity method investment (1,900)
Purchase of convertible preferred stock in equity method investment (926) (2,017) (840)
Purchases of debt securities and equity investments (33,453) (29,921) (59,872)
Proceeds from maturities and sales of debt securities and redemption of equity investments 36,310 50,112 49,211
Net cash used in investing activities (20,739) (748) (33,459)
FINANCING ACTIVITIES      
Dividends paid (5,550) (2,536)
Distributions to noncontrolling interests (100) (112) (348)
Proceeds from borrowings under revolving credit facility 24,551 32,864 27,383
Repayments of borrowings under revolving credit facility (24,551) (32,864) (27,383)
Purchase of restricted shares of net2phone and National Retail Solutions common stock (4,131)
Proceeds from exercise of stock options 172 172
Repurchases of Class B common stock (17,773) (10,619) (13,896)
Net cash used in financing activities (23,423) (17,226) (14,072)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash and cash equivalents 3,477 (3,584) 4,389
Net increase in cash, cash equivalents, and restricted cash and cash equivalents 86,376 56,633 9,261
Cash, cash equivalents, and restricted cash and cash equivalents at beginning of year 255,456 198,823 189,562
Cash, cash equivalents, and restricted cash and cash equivalents at end of year 341,832 255,456 198,823
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION      
Cash payments made for interest 110 429 536
Cash payments made for income taxes 279 527 777
SUPPLEMENTAL SCHEDULE OF NON-CASH INVESTING AND FINANCING ACTIVITIES      
Value of the Company’s Class B common stock exchanged for National Retail Solutions shares 442 6,696
Conversion of equity method investment’s secured promissory notes into convertible preferred stock 4,038
Shares of the Company’s Class B common stock issued to certain executive officers for bonus payments 1,824 1,494 615
Shares of the Company’s Class B common stock issued for business acquisitions $ 100 $ 100