Summary of Significant Accounting Policies (Tables)

Prepaid expenses and other current assets are comprised of the following at March 31st (in thousands):



	2016		2015
Direct response advertising costs	$	1,847	$	2,044
Deferred tax assets, net	—		1,689
Prepaid insurance	797		802
Other prepaid expenses	3,774		2,920
Other receivables	1,597		2,946
Other current assets	955		955
Total prepaid expenses and other current assets	$	8,970	$	11,356

Other long-term assets are comprised of the following at March 31st (in thousands):



	2016		2015
Management fee receivable (see Note 9)	$	2,098	$	1,894
National distributor deposit	115		839
Other	410		460
Total other long-term assets	$	2,623	$	3,193

Accrued Expenses and Other Liabilities

Accrued expenses and other liabilities are comprised of the following at March 31st (in thousands):



	2016		2015
Retail display pockets and allowances	$	2,419	$	12,153
Personnel related costs	7,023		8,315
Rack costs	1,054		6,290
Production costs	3,141		5,052
Distribution and circulation costs	2,284		2,966
Restructuring costs	858		4,605
Income and other taxes (1)	685		304
Other	2,683		4,330
Total accrued expenses and other liabilities	$	20,147	$	44,015

(1) Includes accruals of $0.6 million for contingent liabilities for non-income related taxes at March 31, 2016 and 2015.

The Company incurred severance charges related to magazine closures, staff reorganizations and the implementation of certain management action plans for fiscal 2016, 2015 and 2014 of approximately $3.2 million, $2.1 million and $3.0 million, respectively. At March 31, 2016 and 2015, the Company had accrued severance charges of $1.3 million and $0.7 million, respectively, included in personnel related costs.

Total deferred revenues are comprised of the following at March 31st (in thousands):



	2016		2015
Subscriptions	$	23,024	$	25,184
Advertising	918		727
Other	2,668		823
Total deferred revenues	$	26,610	$	26,734