Comfort Inn 2013 Annual Report Download - page 89
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Table of Contents
Accrued expenses consist of the following:
Accrued compensation and benefits
$ 32,236
Accrued interest
16,695
Dividends payable
—
Termination benefits (see Note 25)
3,099
Other liabilities and contingencies
3,522
Total
$55,552
Deferred revenue consists of the following:
Loyalty programs
$64,636
Initial, relicensing and franchise fees
4,994
Procurement services fees
1,225
Other
299
Total
$71,154
Other non-current liabilities consist of the following at:
Deferred rental expenses
$7,622
Uncertain tax positions
6,718
Deferred revenue
1,411
Other liabilities
239
Total
$15,990
Uncertain tax positions have been recorded for potential exposures involving tax positions that could be challenged by taxing authorities.
Debt consists of the following at:
$400 million senior unsecured notes with an effective interest rate of 5.94% at December 31, 2013 and 2012
$400,000
$250 million senior unsecured notes with an effective interest rate of 6.19%, less a discount of $0.4 million
and $0.5 million at December 31, 2013 and 2012, respectively
249,508
$350 million senior secured credit facility with an effective interest rate of 2.17% and 2.66% at
December 31, 2013 and 2012, respectively
203,250
Economic development loans with an effective rate interest rate of 3.00% at December 31, 2013
—
Capital lease obligations due 2016 with an effective interest rate of 3.18% at December 31, 2013 and 2012
2,519
Other notes payable
68
Total debt
$855,345
Less current portion
8,195
Total long-term debt