Overstock.com 2012 Annual Report Download - page 108
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Table of Contents
Accrued liabilities consist of the following (in thousands):
Deferred revenue consists of the following (in thousands):
On December 26, 2012, we entered into a $3.0 million cash-collateralized line of credit agreement (the "Credit Agreement") with U.S. Bank
National Association ("U.S. Bank") for the issuance of letters of credit. Advances under the Credit Agreement bear interest at one-month LIBOR plus
1.0%. The Credit Agreement matures on December 31, 2013. There were no amounts outstanding on the Credit Agreement at December 31, 2012.
Until December 31, 2012, we were party to a Financing Agreement with U.S. Bank (the "Financing Agreement"). In November 2012, we repaid
all amounts outstanding under the Financing Agreement. The Financing Agreement expired in accordance with its terms on December 31, 2012. The
maximum credit potentially available under the revolving facility was $20 million. Our obligations under
F-21
Allowance for returns $ 10,618 $ 10,899
Accrued compensation and other related costs 9,135 6,819
Accounts payable accrual 8,416 8,284
Accrued marketing expenses 6,172 7,632
Other accrued expenses 4,034 3,416
Accrued freight 2,761 2,392
Accrued taxes 2,349 1,540
Facility lease accruals 1,653 1,841
Accrued professional expenses 760 3,013
Inventory received but not invoiced 700 1,069
Credit card processing fee accrual 584 535
Short term portion of restructuring accrual (Note 3) 492 462
Total accrued liabilities $ 47,674 $ 47,902
Payments owed or received prior to product delivery $ 29,280 $ 17,691
Club O membership fees and reward points 3,579 5,193
Unredeemed gift cards 2,973 3,738
Other 2,579 1,356
Total deferred revenue $ 38,411 $ 27,978