Details Of Certain Accounts

9 Months Ended

Sep. 30, 2012

Details Of Certain Accounts [Abstract]

Details Of Certain Accounts

Note 3 – Details of Certain Accounts 

Other current assets consisted of the following as of September 30, 2012 and December 31, 2011 (in thousands):

	September 30,		December 31,
	2012		2011
Other receivables	$	568	$	5,096
Prepaid insurance		19,830		12,701
Other prepaids		15,861		13,271
Spare parts inventory		15,324		18,066
Current deferred tax assets		48,447		41,449
Hedging assets (Note 16)		7,510		21,579
Gas and oil imbalance		3,740		5,134
Income tax receivable		10,135		-
Assets held for sale (Note 14)		5,000		-
Other		5,482		4,325
Total other current assets	$	131,897	$	121,621

Other assets, net, consisted of the following as of September 30, 2012 and December 31, 2011 (in thousands): 

	September 30,		December 31,
	2012		2011
Restricted cash	$	31,043	$	33,741
Deferred dry dock expenses, net (1)		23,756		5,381
Deferred financing costs, net		26,091		26,483
Intangible assets with finite lives, net		471		531
Other		3,346		2,771
Total other assets, net	$	84,707	$	68,907

(1) The increase subsequent to December 31, 2011 reflects the costs associated with the regulatory dry docks for our Q4000,Seawell and Well Enhancer vessels during 2012. 

Accrued liabilities consisted of the following as of September 30, 2012 and December 31, 2011 (in thousands): 

	September 30,		December 31,
	2012		2011
Accrued payroll and related benefits	$	54,147	$	49,599
Royalties payable		13,061		19,391
Current asset retirement obligations (Note 4)		67,302		93,183
Unearned revenue		8,264		7,654
Billing in excess of cost		7,317		28,839
Accrued interest		9,292		24,028
Hedging liability (Note 16)		20,333		1,247
Gas and oil imbalance		3,167		4,177
Taxes payable excluding income tax payable		5,689		3,761
Other		7,717		8,084
Total accrued liabilities	$	196,289	$	239,963