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Idt Corp – ‘10-Q’ for 1/31/13 – ‘R10’

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

‘R10’   —   Fair Value Measurements

This is an IDEA Financial Report.  [ Alternative Formats ]

 
v2.4.0.6
Fair Value Measurements
 6 Months Ended
Fair Value Measurements [Abstract]  
Fair Value Measurements
Note 4—Fair Value Measurements
 
At January 31, 2013, the Company did not have any assets or liabilities measured at fair value on a recurring basis. At January 31, 2013 and July 31, 2012, the Company had $6.9 million and $6.4 million, respectively, in investments in hedge funds, of which $0.1 million and $0.1 million, respectively, were included in “Investments—short-term” and $6.8 million and $6.3 million, respectively, were included in “Investments—long-term” in the accompanying consolidated balance sheets. The Company’s investments in hedge funds are accounted for using the equity method or the cost method, therefore investments in hedge funds are not measured at fair value.
 
Fair Value of Other Financial Instruments
 
The estimated fair value of the Company’s other financial instruments was determined using available market information or other appropriate valuation methodologies. However, considerable judgment is required in interpreting these data to develop estimates of fair value. Consequently, the estimates are not necessarily indicative of the amounts that could be realized or would be paid in a current market exchange.
 
Cash and cash equivalents, restricted cash and cash equivalents—short-term, investments—short-term, other current assets, customer deposits, notes payable—current portion and other current liabilities. At January 31, 2013 and July 31, 2012, the carrying amount of these assets approximated fair value because of the short period of time to maturity. The fair value estimates for cash, cash equivalents and restricted cash and cash equivalents—short-term were classified as Level 1 and investments—short-term, other current assets, customer deposits, notes payable—current portion and other current liabilities were classified as Level 2 of the fair value hierarchy.
 
Restricted cash and cash equivalents—long-term. At January 31, 2013 and July 31, 2012, the carrying amount of restricted cash and cash equivalents—long-term approximated fair value. The fair value was estimated based on the anticipated cash flows once the restrictions are removed, which was classified as Level 2 of the fair value hierarchy.
 
Other liabilities. At January 31, 2013 and July 31, 2012, the carrying amount of other liabilities approximated fair value. The fair value was estimated based on the Company’s assumptions, which was classified as Level 3 of the fair value hierarchy.
 
It is not practicable to estimate the fair value of the Company’s notes payable—long-term portion at January 31, 2013 and July 31, 2012 without incurring excessive cost. Notes payable—long-term portion included the following: (1) a term loan with a carrying amount of $6.8 million and $6.9 million (excluding the current portion) at January 31, 2013 and July 31, 2012, respectively, that bears interest at the rate of 5.6% per annum, and is payable in monthly installments of principal and interest of $0.1 million and a final installment of $6.4 million payable on September 1, 2015, which is secured by a mortgage on a building in Piscataway, New Jersey, and (2) a note payable with a carrying amount of $21.6 million and $22.8 million (excluding the current portion) at January 31, 2013 and July 31, 2012, respectively, that bears interest at the rate of 8.9% per annum, however, until March 31, 2013, the Company only pays interest at the rate of 6.9% per annum, the interest of 2.0% per annum that is accruing but is not payable is added to the principal balance (an aggregate of $1.9 million), monthly payments of principal and interest of $0.2 million commence beginning in April 2013 and a final payment of $20.4 million is due on April 1, 2020, which is secured by a mortgage on the building at 520 Broad Street, Newark, New Jersey.
 
The Company’s investments-long-term at January 31, 2013 and July 31, 2012 included investments in the equity of certain privately held entities and other investments that are accounted for at cost. It is not practicable to estimate the fair value of these investments because of the lack of a quoted market price for the shares of these entities, and the inability to estimate their fair value without incurring excessive cost. The carrying value of these investments was $2.1 million and $1.1 million at January 31, 2013 and July 31, 2012, respectively, which the Company believes was not impaired.

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-Q’ Filing    Date    Other Filings
4/1/20
9/1/15
3/31/13
Filed on:3/12/13UPLOAD
For Period end:1/31/13
7/31/1210-K,  10-K/A,  8-K
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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