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PREPAID EXPENSES AND OTHER CURRENT AND NONCURRENT ASSETS
12 Months Ended
Dec. 31, 2011
PREPAID EXPENSES AND OTHER CURRENT AND NONCURRENT ASSETS  
PREPAID EXPENSES AND OTHER CURRENT AND NONCURRENT ASSETS

14 - PREPAID EXPENSES AND OTHER CURRENT AND NONCURRENT ASSETS

 

Prepaid expenses and other current assets consist of the following:

 

 

 

December
31, 2011

 

December
31, 2010

 

Lubricant inventory, fuel oil and diesel oil inventory and other stores

 

$

10,376

 

$

7,445

 

Prepaid items

 

5,514

 

4,693

 

Insurance receivable

 

1,025

 

1,257

 

Other

 

794

 

615

 

Total prepaid expenses and other current assets

 

$

17,709

 

$

14,010

 

 

Other noncurrent assets in the amount of $514 at December 31, 2011 represents the security deposit related to the operating lease entered into effective April 4, 2011. Refer to Note 19 — Commitments and Contingencies for further information related to the lease agreement.