ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

The following tables reflect the components of "Accrued expenses" and "Other current liabilities":



	January 31, 2020		July 31, 2019
Accrued Expense	(In thousands)
Accrued taxes	$	55,217	$	59,057
Accrued compensation	24,810		22,584
Accrued interest	467		467
Accrued audit, tax and legal	3,711		3,148
Accrued contract labor	1,444		1,650
Accrued worker's compensation	4,866		4,549
Accrued other	19,245		21,203
	$	109,760	$	112,658



	January 31, 2020		July 31, 2019
Other Current Liabilities	(In thousands)
Accrued pricing liabilities	$	14,309	$	14,309
Customer postage deposits	8,890		11,816
Revolving credit facility	6,000		6,000
Other	6,507		6,794
	$	35,706	$	38,919

As of January 31, 2020 and July 31, 2019, the Company had accrued taxes of $55.2 million and $59.1 million, respectively, which reflected the Company's estimate for certain tax related liabilities. During the three months ended October 31, 2019, the Company recorded a $6.4 million adjustment to correct an out-of-period misstatement related to the Company's estimate for certain tax related liabilities. As of both January 31, 2020 and July 31, 2019, the Company had accrued pricing liabilities of approximately $14.3 million. 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 as of January 31, 2020 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.