Revenues in Wireless Spectrum

12 Months Ended

Jul. 31, 2016

Revenues in Wireless Spectrum [Abstract]

Revenues in Wireless Spectrum

Note 10—Revenues in Wireless Spectrum  

Revenues

In Fiscal 2016, Fiscal 2015, and Fiscal 2014, Straight Path Spectrum’s revenues from transactions with a single customer that amounted to 10% or more of total revenues were as follows:

Year ended July 31,
(in thousands)	2016		2015		2014
Customer 1	$	165	$	165	$	165
Customer 2		86		87		114
Customer 3		58		70		53

The loss of any of these major customers would have a material adverse effect on the Company’s results of operations and cash flows.

Revenues from Patent Infringement

As discussed above, the Company has filed a series of lawsuits claiming infringement of a number of its key patents and was seeking both damages and injunctive relief.  Many of the actions have been settled. In connection with the settlements, Straight Path IP Group recognized revenue of approximately $1,695,000 in Fiscal 2016, $12,814,000 in Fiscal 2015, and $4,372,000 in Fiscal 2014. The total settlement amounts aggregated $18.3 million, excluding contingent amounts for which collectability was not reasonably assured. These settlement agreements include license fees for the duration of the license term. The license term was through the expiration of the licenses in September 2015. For further discussion of the remaining unsettled suits, please see Note 8 to the Consolidated Financial Statements.