Accrued Liabilities and Deferred Credits

Accrued liabilities and deferred credits consist of the following:



	December 31, 2014		December 31, 2013
Accrued compensation	$	2,673	$	3,705
Deferred revenue	15,309		28,551
Environmental and insurance liabilities	475		1,071
Membership deposits	8,426		8,545
Other accrued liabilities	5,176		7,775
Accrued interest expense for Senior Notes held by special purpose entity (Note 5)	2,852		—
Total accrued liabilities and deferred credits	$	34,911	$	49,647

Deferred revenue at December 31, 2014 and 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 2014.

As part of the AgReserves Sale, the Company recognized in Timber sales $1.1 million of deferred revenue related to an imputed land lease that was to be recognized over the life of the timber deeds sold in March 2011. The Company sold substantially all the land included in the imputed lease as part of the AgReserves Sale and recognized the remaining deferred revenue during 2014. For further information on the AgReserves Sale, see Note 5, Real Estate Sales.