Details Of Certain Accounts

9 Months Ended

Sep. 30, 2011

Details Of Certain Accounts

Details Of Certain Accounts

Note 3 – Details of Certain Accounts

Other current assets consisted of the following as of September 30, 2011 and December 31, 2010:

	September 30,		December 31,
	2011		2010
	(in thousands)
Other receivables	$	2,767	$	1,247
Prepaid insurance		20,539		12,375
Other prepaids		14,032		11,623
Spare parts inventory		21,602		25,333
Current deferred tax assets		21,758		49,200
Hedging assets		33,203		5,472
Gas imbalance		4,817		6,001
Income tax receivable		—		6,099
Investment held for sale (a)		—		2,835
Other		4,518		2,880
	$	123,236	$	123,065

a.   In March 2011, we sold our remaining 500,000 shares of common stock in our former subsidiary Cal Dive International, Inc. ("Cal Dive").  These sales transactions resulted in net proceeds of approximately $3.6 million and a pre-tax gain of $0.8 million.   In the fourth quarter of 2010, we recognized a $2.2 million other than temporary loss on our investment in Cal Dive common shares (see Notes 2 and 3 of our 2010 Form 10-K for additional information regarding our former Investment in Cal Dive common stock).  

Other assets, net, consisted of the following as of September 30, 2011 and December 31, 2010:

	September 30,		December 31,
	2011		2010
	(in thousands)
Restricted cash	$	34,636	$	35,339
Deferred drydock expenses, net		6,576		11,086
Deferred financing costs, net		28,013		25,697
Intangible assets with finite lives, net		559		636
Hedging assets		9,428		—
Other		1,650		1,803
	$	80,862	$	74,561

Accrued liabilities consisted of the following as of September 30, 2011 and December 31, 2010:

	September 30,		December 31,
	2011		2010
	(in thousands)
Accrued payroll and related benefits	$	41,261	$	38,026
Royalties payable		15,140		15,008
Current asset retirement obligations		63,816		64,526
Unearned revenue		7,900		4,094
Billing in excess of cost		5,297		3,869
Accrued interest		13,795		27,308
Hedge liability		956		30,606
Other		11,511		14,800
	$	159,676	$	198,237