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Idt Corp – ‘10-Q’ for 1/31/13 – ‘R11’

On:  Tuesday, 3/12/13, at 1:15pm ET   ·   For:  1/31/13   ·   Accession #:  1213900-13-1040   ·   File #:  1-16371

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 3/12/13  Idt Corp                          10-Q        1/31/13   56:5.4M                                   Edgar Agents LLC/FA

Quarterly Report   —   Form 10-Q   —   Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Quaterly Report                                     HTML    751K 
 2: EX-31.1     Certification of Chief Executive Officer Pursuant   HTML     23K 
                to 17 Cfr 240.13A-14(A), as Adopted Pursuant to                  
                ?302 of the Sarbanes-Oxley Act of 2002.                          
 3: EX-31.2     Certification of Chief Executive Officer Pursuant   HTML     23K 
                to 17 Cfr 240.13A-14(A), as Adopted Pursuant to                  
                ?302 of the Sarbanes-Oxley Act of 2002.                          
 4: EX-32.1     Certification of Chief Executive Officer Pursuant   HTML     19K 
                to 18 U.S.C. Section 1350, as Adopted Pursuant to                
                ?906 of the Sarbanes-Oxley Act of 2002.                          
 5: EX-32.2     Certification of Principal Financial Officer        HTML     19K 
                Pursuant to 18 U.S.C. Section 1350, as Adopted                   
                Pursuant to ?906 of the Sarbanes-Oxley Act of                    
                2002.                                                            
36: R1          Document and Entity Information                     HTML     38K 
27: R2          Consolidated Balance Sheets                         HTML    159K 
34: R3          Consolidated Balance Sheets (Parenthetical)         HTML     46K 
38: R4          Consolidated Statements of Operations (Unaudited)   HTML    158K 
51: R5          Consolidated Statements of Comprehensive Income     HTML     56K 
                (Loss) (Unaudited)                                               
28: R6          Consolidated Statements of Cash Flows (Unaudited)   HTML    167K 
33: R7          Basis of Presentation                               HTML     24K 
24: R8          Discontinued Operations                             HTML     55K 
18: R9          Other Operating Gains (Losses), Net                 HTML     43K 
52: R10         Fair Value Measurements                             HTML     36K 
40: R11         Equity                                              HTML     68K 
39: R12         Earnings Per Share                                  HTML     54K 
44: R13         Business Segment Information                        HTML     80K 
45: R14         Legal Proceedings                                   HTML     41K 
43: R15         Commitments and Contingencies                       HTML     49K 
46: R16         Other Income (Expense), Net                         HTML     36K 
35: R17         520 Broad Street Building                           HTML     20K 
37: R18         Recently Issued Accounting Standards Not Yet        HTML     23K 
                Adopted                                                          
42: R19         Discontinued Operations (Tables)                    HTML     36K 
56: R20         Other Operating Gains (Losses), Net (Tables)        HTML     42K 
48: R21         Equity (Tables)                                     HTML     49K 
30: R22         Earnings Per Share (Tables)                         HTML     55K 
41: R23         Business Segment Information (Tables)               HTML     71K 
32: R24         Commitments and Contingencies (Tables)              HTML     36K 
14: R25         Other Income (Expense), Net (Tables)                HTML     35K 
49: R26         Basis of Presentation (Details)                     HTML     19K 
53: R27         Discontinued Operations (Details)                   HTML     30K 
21: R28         Discontinued Operations (Details Textual)           HTML     51K 
20: R29         Other Operating Gains (Losses), Net (Details)       HTML     30K 
22: R30         Other Operating Gains (Losses), Net (Details        HTML     23K 
                Textual)                                                         
23: R31         Fair Value Measurements (Details)                   HTML     48K 
25: R32         Equity (Details)                                    HTML     77K 
13: R33         Equity (Details Textual)                            HTML     62K 
47: R34         Earnings Per Share (Details)                        HTML     32K 
29: R35         Earnings Per Share (Details 1)                      HTML     26K 
31: R36         Business Segment Information (Detail)               HTML     28K 
17: R37         Business Segment Information (Details Textual)      HTML     35K 
55: R38         Legal Proceedings (Detail)                          HTML     54K 
12: R39         Commitments and Contingencies (Detail)              HTML     32K 
26: R40         Commitments and Contingencies (Detail Textual)      HTML     43K 
50: R41         Other Income (Expense), Net (Detail)                HTML     30K 
16: R42         520 Broad Street Building (Details)                 HTML     19K 
54: XML         IDEA XML File -- Filing Summary                      XML     80K 
19: EXCEL       IDEA Workbook of Financial Reports (.xls)            XLS    653K 
 6: EX-101.INS  XBRL Instance -- idt-20130131                        XML    936K 
 8: EX-101.CAL  XBRL Calculations -- idt-20130131_cal                XML    166K 
 9: EX-101.DEF  XBRL Definitions -- idt-20130131_def                 XML    337K 
10: EX-101.LAB  XBRL Labels -- idt-20130131_lab                      XML   1.00M 
11: EX-101.PRE  XBRL Presentations -- idt-20130131_pre               XML    576K 
 7: EX-101.SCH  XBRL Schema -- idt-20130131                          XSD    142K 
15: ZIP         XBRL Zipped Folder -- 0001213900-13-001040-xbrl      Zip     95K

‘R11’   —   Equity

This is an IDEA Financial Report.  [ Alternative Formats ]

 
v2.4.0.6
Equity
 6 Months Ended
Equity [Abstract]  
Equity
Note 5—Equity
 
Changes in the components of equity were as follows:
 
   
Six Months Ended
  
   
Attributable to IDT Corporation
    
Noncontrolling Interests
    
Total
  
   
(in thousands)
  
Balance, July 31, 2012
   $ 102,230     $ 495     $ 102,725  
Dividends declared ($0.75 per share)
     (17,124 )      —       (17,124 )
Restricted Class B common stock purchased from employees
     (300 )      —       (300 )
Repurchases of Class B common stock through repurchase program
     (778 )      —       (778 )
Distributions to noncontrolling interests
     —       (816 )     (816 )
Purchases of stock of subsidiary
     (1,795 )     (9 )     (1,804 )
Sale of stock of subsidiary
     (58 )     203       145  
Stock-based compensation
     3,843       188       4,031  
Comprehensive income:
                        
Net income
     6,567       1,096       7,663  
Foreign currency translation adjustments
     3,320       (47 )     3,273  
Comprehensive income
     9,887       1,049       10,936  
  $ 95,905     $ 1,110     $ 97,015  
 
Dividend Payments
 
On October 16, 2012, the Company paid a cash dividend of $0.15 per share to stockholders of record of the Company’s Class A common stock and Class B common stock at the close of business on October 9, 2012. On November 13, 2012, the Company paid a special dividend of $0.60 per share to stockholders of record of the Company’s Class A common stock and Class B common stock as of the close of business on November 5, 2012. The aggregate dividends paid were $17.1 million. The Company suspended payment of its regular $0.15 per share quarterly dividends for the remainder of fiscal 2013.
 
Purchases of Stock of Subsidiary
 
In December 2012, a wholly-owned subsidiary of the Company purchased shares of the Company’s subsidiary, Fabrix T.V., Ltd. (“Fabrix”), for cash of $1.8 million. The shares were purchased from holders of noncontrolling interests in Fabrix representing 4.5% of the equity in Fabrix, which increased the Company’s ownership in Fabrix to 86.1% from 81.6%.
 
Sale of Stock of Subsidiary
 
On November 21, 2012, the Company’s subsidiary, Zedge Holdings, Inc. (“Zedge”), sold shares to Shaman II, L.P. for cash of $0.1 million, which increased Shaman II, L.P.’s ownership in Zedge to 11.17% from 11.1%. One of the limited partners in Shaman II, L.P. is a former employee of the Company.
 
Stock-Based Compensation
 
On September 24, 2012, the Company’s Board of Directors approved a grant of 10% of the equity of the Company’s subsidiary, Innovative Communications Technologies, Inc. (“ICTI”) to Howard Jonas. These ICTI shares vested immediately. The Company recorded stock-based compensation expense of $1.2 million in the six months ended January 31, 2013 for the grant of these shares, based on the estimated fair value of the shares on the grant date.
 
Stock Repurchase Program
 
The Company has a stock repurchase program for the repurchase of up to an aggregate of 8.3 million shares of the Company’s Class B common stock. In the six months ended January 31, 2013, the Company repurchased 77,843 shares of Class B common stock for an aggregate purchase price of $0.8 million. There were no repurchases under the program in the six months ended January 31, 2012. As of January 31, 2013, 5.1 million shares remained available for repurchase under the stock repurchase program.

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-Q’ Filing    Date    Other Filings
Filed on:3/12/13UPLOAD
For Period end:1/31/13
11/21/12
11/13/12
11/5/123
10/16/12
10/9/12
9/24/12
7/31/1210-K,  10-K/A,  8-K
1/31/1210-Q
9/15/098-K
 List all Filings 
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Filing Submission 0001213900-13-001040   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)
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