XML 24 R13.htm IDEA: XBRL DOCUMENT v3.23.1
ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES
 9 Months Ended
Apr. 30, 2023
Payables and Accruals [Abstract]  
ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES
The following tables reflect the components of "Accrued expenses" and "Other current liabilities":
April 30,
2023		July 31,
2022
Accrued Expenses(In thousands)
Accrued audit, tax and legal$8,058 $4,564 
Accrued compensation6,585 5,099 
Accrued taxes2,929 3,344 
Accrued price concessions2,776 4,549 
Accrued occupancy costs1,639 1,671 
Accrued IT costs638 1,108 
Accrued other6,529 8,061 
Total accrued expenses$29,154 $28,396 

April 30,
2023		July 31,
2022
Other Current Liabilities(In thousands)
Accrued pricing liabilities$9,435 $9,435 
Deferred revenue - current2,949 2,705 
Other1,376 1,342 
Total other current liabilities$13,760 $13,482 
As of both April 30, 2023 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 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 April 30, 2023 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.