Accounts Payable and Accrued Liabilities

12 Months Ended

Jul. 31, 2016

Accounts Payable and Accrued Liabilities

7 — Accounts Payable and Accrued Liabilities

Accounts payable and accrued liabilities consisted of the following:



	July 31,
(In thousands)	2016		2015
Trade accounts payable	$	30,087	$	15,287
Accounts payable to sellers	46,866		42,230
Buyer deposits and prepayments	40,500		33,871
Accrued compensation and benefits	33,382		25,647
Accrued insurance	5,753		5,796
Other accrued liabilities	35,791		24,621
Total accounts payable and accrued expenses	$	192,379	$	147,452

The Company is partially self-insured for certain losses related to general liability, workers’ compensation and auto liability. Accrued insurance liability represents an estimate of the ultimate cost of claims incurred as of the balance sheet date, including an estimate for reported and unreported claims. The estimated liability is not discounted and is established based upon analysis of historical data, including the severity of the Company’s frequency of claims, actuarial estimates and is reviewed periodically by management to ensure that the liability is appropriate.