Other Liabilities

12 Months Ended

Dec. 31, 2018

Other Liabilities

Other Liabilities

13. Other Liabilities

Other liabilities consist of the following:

	December 31,		December 31,
	2018		2017
Accounts payable	$	10,148	$	7,524
Accrued compensation		3,112		2,664
Other accrued liabilities		2,560		5,185
Deferred revenue		17,478		17,864
Club initiation fees		5,676		5,199
Club membership deposits		4,286		4,505
Advance deposits		1,277		1,468
Accrued interest expense for Senior Notes held by SPE		2,850		2,850
Total other liabilities	$	47,387	$	47,259

Deferred revenue as of December 31, 2018 and 2017 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.

Club 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 lodging 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.

The following table presents the changes in contract liabilities related to contracts with customers during 2018:

		Balance		Increases Due To		Decreases Due to		Balance
		January 1, 2018		Cash Received		Revenue Recognized		December 31, 2018
Contract liabilities
Club initiation fees	$	5,199	$	1,886	$	(1,409)	$	5,676