Redbox 2010 Annual Report Download - page 74
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Expected amortization is as follows over the next five years and thereafter (in thousands):
Retailer
Relationships Other
2011 ................................................... $2,457 $283
2012 ................................................... 2,457 81
2013 ................................................... 2,250 14
2014 ................................................... 1,432 14
2015 ................................................... 12 14
Thereafter ............................................... 130 428
Total expected amortization ............................. $8,738 $834
NOTE 7: ACCRUED LIABILITIES
Accrued liabilities consisted of the following (in thousands):
December 31,
2010 2009
Accrued payroll related expenses ............................ $ 29,931 $19,996
Accrued procurement cost for DVD library .................... 21,801 6,704
Accrued property/business taxes ............................. 8,712 5,105
Accrued sales, use, and franchise taxes ....................... 7,627 7,665
Accrued interest expenses .................................. 5,901 4,954
Accrued service contract provider expenses .................... 5,365 5,787
Accrued insurance ........................................ 5,172 3,432
Deferred rent expenses .................................... 4,399 739
Income tax payable ....................................... 2,262 2,880
Accrued professional fees .................................. 2,176 3,654
Accrued litigation settlement ............................... 0 3,500
Others ................................................. 15,076 15,608
$108,422 $80,024
NOTE 8: DEBT AND OTHER LONG-TERM LIABILITIES
Debt consisted of the following (in thousands):
December 31,
2010 2009
Revolving line of credit (matures November 2012) ............ $150,000 $225,000
Callable convertible debt ................................. 173,146 167,109
Redbox rollout agreement ................................ 10,791 17,618
Asset retirement obligation ............................... 7,305 5,217
Other long-term liabilities ................................ 6,688 1,255
347,930 416,199
Less:
Current portion of callable convertible debt .............. (173,146) 0
Current portion of Redbox rollout agreement ............. (7,523) (6,812)
Long-term Debt and Other ........................ $167,261 $409,387
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