ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

3 Months Ended

Oct. 31, 2022

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

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


	October 31, 2022		July 31, 2022
Accrued Expenses	(In thousands)
Accrued compensation	$	5,781	$	5,099
Accrued audit, tax and legal	3,841		4,564
Accrued taxes	3,385		3,344
Accrued occupancy costs	1,570		1,671
Accrued IT costs	1,160		1,108
Accrued contract labor	1,009		792
Accrued freight	1,023		782
Accrued other	9,516		11,036
Total accrued expenses	$	27,285	$	28,396

As of both October 31, 2022 and July 31, 2022, accrued other was primarily comprised of accrued price concessions for customer programs that have unit price or management fee true-ups based on their contract agreements.


	October 31, 2022		July 31, 2022
Other Current Liabilities	(In thousands)
Accrued pricing liabilities	$	9,435	$	9,435
Deferred revenue - current	2,357		2,705

Other	1,851		1,342
Total other current liabilities	$	13,643	$	13,482

As of both October 31, 2022 and July 31, 2022, the Company had accrued pricing liabilities of approximately $9.4 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 October 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.