	Other Current Liabilities
	December 31,
	2012		2011
	(amounts in thousands)

Accrued compensation	$	4,820	$	6,323
Accounts receivable credits		1,894		1,657
Derivative valuation - short-term		0		1,346
Advertiser obligations		1,083		1,067
Accrued interest payable		3,432		3,130
Other		1,024		1,159
	$	12,253	$	14,682

Under the Company's leases, the Company recognizes: (1) escalated rents, including any rent-free periods, on a straight-line basis over the term of the lease for those lease agreements where the Company receives the right to control the use of the entire leased property at the beginning of the lease term; (2) amortization expense over the shorter of the economic lives of the leasehold assets or the lease term, excluding any lease renewals unless the lease renewals are reasonably assured; (3) landlord incentive payments to the Company as deferred rent that is amortized as reductions to lease rent expense over the lease term; and (4) rental costs associated with ground or building operating leases, that are incurred during a construction period, as rental expense. See Note 8, Financing Method Lease Obligations, for a discussion of certain leases that could be capitalized at a future time.

For those leasehold improvements acquired in a business combination or acquired subsequent to lease inception, the amortization period is based on the lesser of the useful life of the leasehold improvements or the period of the lease including all renewal periods that are reasonably assured of exercise at the time of the acquisition.

The following table reflects deferred rent liabilities included under other long-term liabilities as of the periods indicated:

	Deferred Rent Liabilities
	December 31,
	2012		2011
	(amounts in thousands)

Deferred rent liabilities	$	4,108	$	3,592