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PREPAID EXPENSES AND OTHER CURRENT AND NONCURRENT ASSETS
3 Months Ended
Mar. 31, 2012
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:

 

 

 

March 31, 2012

 

December
31, 2011

 

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

 

$

12,230

 

$

10,376

 

Prepaid items

 

5,913

 

5,514

 

Insurance receivable

 

1,065

 

1,025

 

Other

 

1,379

 

794

 

Total prepaid expenses and other current assets

 

$

20,587

 

$

17,709

 

 

Other noncurrent assets in the amount of $514 at March 31, 2012 and December 31, 2011 represent 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.