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Other Liabilities
12 Months Ended
Dec. 31, 2017
Payables and Accruals [Abstract]  
Other Liabilities
Other Liabilities
Other liabilities consist of the following:
 
December 31,
2017
 
December 31,
2016
Accounts payable
$
7,524

 
$
4,376

Accrued compensation
2,664

 
2,655

Deferred revenue
17,864

 
15,289

Membership deposits and initiation fees
9,704

 
7,384

Advance deposits
1,468

 
3,419

Other accrued liabilities
5,185

 
4,977

Accrued interest expense for Senior Notes held by SPE
2,850

 
2,850

Total other liabilities
$
47,259

 
$
40,950


Deferred revenue at December 31, 2017 and 2016 includes $12.5 million related to a 2006 agreement pursuant to which the Company agreed to sell land to the Florida Department of Transportation. Revenue is recognized when title to a specific parcel is legally transferred.
Membership deposits and initiation fees consist of deposits and fees received for club memberships. Initiation fees are recognized as revenue over the estimated average duration of membership, which is evaluated periodically.
Advance deposits consist of deposits received on hotel rooms and vacation rentals. Advance deposits are recorded as other liabilities in the consolidated balance sheets without regard to whether they are refundable and are recognized as income at the time the service is provided for the related deposit.