v3.26.1
Note 11 - Other Operating Income (Expense), Net
 9 Months Ended
Apr. 30, 2026
Notes to Financial Statements  
Other Operating Income and Expense [Text Block]

Note 11—Other Operating Income (Expense), Net

 

The following table summarizes the other operating income (expense), net by business segment:

 

 

 

Three Months Ended April 30,

 

 

Nine Months Ended April 30,

 

(in thousands)

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Corporate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Straight Path Communications Inc. class action legal fees

 

$

209

 

 

$

-

 

 

$

(978

)

 

$

(7

)

Straight Path Communications Inc. class action insurance claims

 

 

-

 

 

 

-

 

 

 

1,237

 

 

 

-

 

NRS legal fees

 

 

-

 

 

 

-

 

 

 

(176

)

 

 

-

 

net2phone

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Write-off of equipment

 

 

(30

)

 

 

(212

)

 

 

(174

)

 

 

(400

)

Other

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Traditional Communications

 

 

1

 

 

 

37

 

 

 

24

 

 

 

4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total other operating income (expense)

 

$

180

 

 

$

(175

)

 

$

(67

)

 

$

(403

)

 

Straight Path Communications Inc. Class Action

 

The Company and other parties were named in a putative class action and derivative complaint related to Straight Path Communications Inc. filed in the Court of Chancery of the State of Delaware. The Court dismissed all claims against the Company, and found that, contrary to the plaintiffs’ allegations, the class suffered no damages. The plaintiffs filed an appeal to which the Company answered. Oral argument was held on October 22, 2025, and on December 3, 2025, the Delaware Supreme Court affirmed the favorable decision of the Court of Chancery that dismissed all claims against the Company and found that Plaintiff and the class suffered no damages.