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Accrued Liabilities and Deferred Credits
6 Months Ended
Jun. 30, 2014
Payables and Accruals [Abstract]  
Accrued Liabilities and Deferred Credits
Accrued Liabilities and Deferred Credits
Accrued liabilities and deferred credits consist of the following:
 
June 30,
2014
 
December 31,
2013
Accrued compensation
$
3,017

 
$
3,705

Deferred revenue
15,227

 
28,551

Membership deposits
8,569

 
8,545

Other accrued liabilities
7,915

 
8,544

Accrued interest expense for Senior Notes held by special purpose entity (Note 4)
2,161

 

Total accrued liabilities and deferred credits
$
36,889

 
$
49,345


Deferred revenue at June 30, 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 six months ended June 30, 2014.