(7)	OTHER ASSETS, ACCRUED EXPENSES, OTHER CURRENT LIABILITIES, AND OTHER LIABILITIES AND DEFERRED CREDITS

A summary of other current assets at March 31, is as follows:

(In thousands)	2017		2016
Deposits on vessel construction options	$	50		30,285
Deposits - general		6,945		8,076
Prepaid expenses		11,414		6,394
	$	18,409		44,755

A summary of other assets at March 31, is as follows:

(In thousands)	2017		2016
Recoverable insurance losses	$	10,142		9,412
Deferred income tax assets		39,134		33,505
Savings plans and supplemental plan		14,835		14,472
Accumulated costs of rejected vessel (A)		48,382		—
Restricted cash and long-term deposits		15,162		—
Other		11,880		14,297
	$	139,535		71,686

(A)

Refer to Note (12) of Notes to Consolidated Financial Statements included in Item 8 of this Annual Report on Form 10-K for additional information regarding the vessel rejected at the time of delivery.

A summary of accrued expenses at March 31, is as follows:

(In thousands)	2017		2016
Payroll and related payables	$	10,465		12,864
Commissions payable (B)		2,143		7,193
Accrued vessel expenses		41,580		45,838
Accrued interest expense		15,021		15,120
Other accrued expenses		8,912		10,596
	$	78,121		91,611

(B)

Excludes $34.7 million and $31.6 million of commissions due to Sonatide at March 31, 2017 and 2016, respectively. These amounts are included in amounts due to affiliates.

A summary of other current liabilities at March 31, is as follows:

(In thousands)	2017		2016
Taxes payable	$	23,497		45,854
Deferred gain on vessel sales - current		23,798		23,798
Other		1,134		5,173
	$	48,429		74,825

A summary of other liabilities and deferred credits at March 31, is as follows:

(In thousands)	2017		2016
Postretirement benefits liability	$	4,394		4,755
Pension liabilities		40,339		41,690
Deferred gain on vessel sales		88,923		112,721
Other		21,049		22,380
	$	154,705		181,546