Current and Noncurrent Accrued and Other Liabilities

12 Months Ended

Dec. 31, 2017

Other Liabilities Disclosure [Abstract]

Current and Noncurrent Accrued and Other Liabilities

7. Current and Noncurrent Accrued and Other Liabilities

	December 31,
	2017		2016
	(In Thousands)
Accrued interest	$	13,424	$	13,425
Deferred revenue		6,987		5,757
Accrued payroll and benefits		4,855		4,696
Accrued death and other executive benefits (1)		2,808		4,207
Series E redeemable preferred - embedded derivative		2,660		2,557
Accrued health and worker compensation insurance claims		1,658		1,530
Customer deposits		1,334		2,506
Accrued liabilities associated with discontinued operations		429		5,498
Other		13,109		16,187
		47,264		56,363
Less noncurrent portion		11,691		12,326
Current portion of accrued and other liabilities	$	35,573	$	44,037

(1)

During 2017, a death benefit agreement with Jack E. Golsen, our retired Executive Chairman of our Board, was terminated pursuant to the terms of the agreement that allowed LSB to terminate at any time and for any reason prior to the death of the employee. As a result, the liability of approximately $1.4 million for the estimated death benefit associated with this agreement was extinguished and derecognized with the offset classified as other income. For the year ended December 31, 2017, the effect of this adjustment (after income taxes of $0.5 million) decreased basic and diluted loss per share by $0.03 per share.