OTHER CURRENT LIABILITIES

6 Months Ended

Jan. 31, 2013

OTHER CURRENT LIABILITIES

(9) OTHER CURRENT LIABILITIES

The following table reflects the components of “Other Current Liabilities”:

	January 31, 2013		July 31, 2012
	(In thousands)
Accrued pricing liabilities	$	20,691	$	20,397
Other		6,720		6,381
	$	27,411	$	26,778

As of January 31, 2013 and July 31, 2012, the Company recorded accrued pricing liabilities of approximately $20.7 million and $20.4 million, respectively. These liabilities related to the equivalent reduction of revenue where the retention of a rebate or a mark-up was determined to have been inconsistent with a client contract. The remaining accrued pricing liabilities at January 31, 2013 will be derecognized when there is sufficient information for the Company to conclude that such liabilities have been extinguished, which may occur through payment, legal release, or other legal or factual determination.