ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

The following schedules reflect the components of "Accrued expenses" and "Other Current Liabilities":



	July 31, 2019		July 31, 2018
	(In thousands)
Accrued taxes	$	59,057	$	29,804
Accrued compensation	22,584		25,603
Accrued interest	467		1,437
Accrued audit, tax and legal	3,148		3,264
Accrued contract labor	1,650		1,932
Accrued worker's compensation	4,549		6,126
Accrued other	21,203		20,260
	$	112,658	$	88,426



	July 31, 2019		July 31, 2018
	(In thousands)
Accrued pricing liabilities	$	14,309	$	18,882
Customer postage deposits	11,816		12,638
Revolving credit facility	6,000		—
Other	6,921		10,509
	$	39,046	$	42,029

During the twelve months ended July 31, 2019, the Company recorded adjustments totaling $32.1 million related to certain tax related liabilities, which reflected the Company's revised estimate for such exposures. As of July 31, 2019 and 2018, the Company had accrued pricing liabilities of approximately $14.3 million and $18.9 million, respectively. During the fiscal year ended July 31, 2019, the Company concluded that certain accrued pricing liabilities have been extinguished. The amounts derecognized and recorded in other income were $4.6 million for the fiscal year ended July 31, 2019. As previously reported by the Company, several principal adjustments were made to its historic financial statements for periods ending on or before January 31, 2012, the most significant of which related to the treatment of vendor rebates in its pricing policies. Where the retention of a rebate or a mark-up was determined to have been inconsistent with a client contract, the Company concluded that these amounts were not properly recorded as revenue. Accordingly, revenue was reduced by an equivalent amount for the period that the rebate was estimated to have been affected. A corresponding liability for the same amount was recorded in that period (referred to as accrued pricing liabilities). The Company believes that it may not ultimately be required to pay all or any of the accrued pricing liabilities based upon the expiration of statutes of limitations, and due in part to the nature of the interactions with its clients. The remaining accrued pricing liabilities at July 31, 2019 will be derecognized when there is sufficient information for the Company to conclude that such liabilities are not subject to escheatment and have been extinguished, which may occur through payment, legal release, or other legal or factual determination. The Company has not provided for any provision for interest and or penalties related to escheatment as it has concluded that such is not probable to occur and any potential interest and penalties cannot be reasonably estimated.