OTHER CURRENT LIABILITIES

3 Months Ended

Oct. 31, 2012

OTHER CURRENT LIABILITIES

(8) OTHER CURRENT LIABILITIES

The following table reflects the components of “Other Current Liabilities”:

	October 31, 2012		July 31, 2012
	(In thousands)
Accrued pricing liabilities	$	20,530	$	20,397
Other		6,012		6,381
	$	26,542	$	26,778

As of October 31, 2012 and July 31, 2012, the Company recorded accrued pricing liabilities of approximately $20.5 million and $20.4 million, respectively. These liabilities related to the equivalent reduction of revenue where the retention of a rebate or a mark-up was determined to have been inconsistent with a client contract. The remaining accrued pricing liabilities at October 31, 2012 will be derecognized when there is sufficient information for the Company to conclude that such liabilities have been extinguished, which may occur through payment, legal release, or other legal or factual determination.