Accrued Liabilities and Deferred Credits

3 Months Ended

Mar. 31, 2014

Accrued Liabilities and Deferred Credits

Accrued liabilities and deferred credits consist of the following:



	March 31, 2014		December 31, 2013
Accrued compensation	$	1,919	$	3,705
Deferred revenue	15,124		28,551
Membership deposits	8,593		8,545
Other accrued liabilities	6,801		8,544
Total accrued liabilities and deferred credits	$	32,437	$	49,345

Deferred revenue at March 31, 2014 and at December 31, 2013 includes $12.5 million and $23.5 million, respectively, related to a 2006 agreement pursuant to which the Company agreed to sell approximately 3,900 acres of rural land to the Florida Department of Transportation (the “FDOT”). Revenue is recognized when title to a specific parcel is legally transferred. As part of the AgReserves Sale, the Company transferred approximately 800 acres that are subject to the 2006 agreement to AgReserves who has agreed to transfer title to the FDOT. As a result, the Company recognized $11.0 million of revenue during the three months ended March 31, 2014.