Accounts Payable and Accrued Liabilities

12 Months Ended

Jul. 31, 2015

Accounts Payable and Accrued Liabilities

7 — Accounts Payable and Accrued Liabilities

Accounts payable and accrued liabilities consisted of the following:



	July 31,
(In thousands)	2015		2014
Trade accounts payable	$	15,287	$	22,108
Accounts payable to sellers	42,230		40,105
Buyer deposits and prepayments	33,871		28,117
Accrued compensation and benefits	25,647		25,721
Accrued insurance	5,796		5,703
Other accrued liabilities	24,621		30,402
Total accounts payable and accrued expenses	$	147,452	$	152,156

The Company is partially self-insured for certain losses related to general liability, workers’ compensation and auto liability. Accrued insurance liability represents an estimate of the ultimate cost of claims incurred as of the balance sheet date. The estimated liability is not discounted and is established based upon analysis of historical data, including the severity of the Company’s frequency of claims, actuarial estimates and is reviewed periodically by management to ensure that the liability is appropriate.