ACCRUED EXPENSES AND OTHER LIABILITIES

12 Months Ended

Jul. 31, 2022

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


	July 31,
	2022		2021
Accrued Expenses	(In thousands)
Accrued compensation	$	5,099	$	7,163
Accrued audit, tax and legal	4,564		3,147
Accrued taxes	3,344		3,686
Accrued occupancy costs	1,671		1,728
Accrued IT costs	1,108		509
Accrued contract labor	792		930
Accrued freight	782		742
Accrued other	11,036		14,748
Total accrued expenses	$	28,396	$	32,653

Accrued other for the year ended July 31, 2022 and 2021 was primarily comprised of accrued price concessions for customer programs that have unit price or management fee true-ups based on their contract agreements.


	July 31,
	2022		2021
Other Current Liabilities	(In thousands)
Accrued pricing liabilities	$	9,435	$	10,295
Deferred revenue - current	2,705		2,212
Other	1,342		1,770
Total other current liabilities	$	13,482	$	14,277

As of July 31, 2022 and 2021, the Company had accrued pricing liabilities of approximately $9.4 million and $10.3 million, respectively. During the fiscal years ended July 31, 2022 and 2021, the Company concluded that certain accrued pricing liabilities had been extinguished, and the Company derecognized and recorded in Other gains, net $0.9 million and $3.2 million, respectively. As previously reported by the Company, several principal adjustments were made to its historic financial statements for periods ended 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 July 31, 2022 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.