Note 3 — Details of Certain Accounts

Other current assets and other assets, net consist of the following (in thousands):


		September 30,		December 31,
		2014		2013

Note receivable (1)	$	10,000	$	-
Other receivables		840		785
Prepaid insurance		9,613		7,038
Other prepaids		15,969		12,999
Spare parts inventory		2,429		1,038
Value added tax receivable		9,120		7,589
Other		35		260
Total other current assets	$	48,006	$	29,709


		September 30,		December 31,
		2014		2013

Note receivable (1)	$	20,000	$	-
Deferred dry dock expenses, net		14,249		20,833
Deferred financing costs, net (Note 6)		24,077		24,297
Intangible assets with finite lives, net		654		622
Other		1,290		1,515
Total other assets, net	$	60,270	$	47,267

(1) Relates to the promissory note we received in connection with the sale of our Ingleside spoolbase in January 2014. Interest on the note is payable quarterly at a rate of 6% per annum. A $10 million principal reduction is required to be paid on each December 31 of 2014, 2015 and 2016.

Accrued liabilities consist of the following (in thousands):


		September 30,		December 31,
		2014		2013

Accrued payroll and related benefits	$	55,613	$	50,527
Current asset retirement obligations		742		2,024
Unearned revenue		6,490		19,608
Billing in excess of cost		-		1,677
Accrued interest		1,362		4,187
Derivative liability (Note 15)		5,917		2,651
Taxes payable excluding income tax payable		7,918		4,811
Pipelay assets sale deposit		-		5,000
Other		7,927		5,997
Total accrued liabilities	$	85,969	$	96,482