Clearwire 2010 Annual Report Download - page 92
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2010 2009 2008
Year Ended December 31,
Supplemental Information (in thousands):
Amortization expense ....................................... $26,705 $32,443 $2,888
We evaluate all of our patent renewals on a case by case basis, based on renewal costs.
7. Other Liabilities
Current liabilities
Current liabilities consisted of the following (in thousands):
2010 2009
December 31,
Accounts payable and accrued expenses:
Accounts payable .......................................... $329,859 $377,890
Accrued interest ........................................... 37,578 28,670
Salaries and benefits ........................................ 52,636 44,326
Business and income taxes payable ............................. 21,456 25,924
Other accrued expenses ...................................... 14,361 19,423
Total accounts payable and accrued expenses .................... 455,890 496,233
Other current liabilities:
Derivative instruments ....................................... 167,892 —
Deferred revenues .......................................... 22,401 16,060
Current portion of long-term debt............................... 19,364 —
Other ................................................... 21,306 31,134
Total other current liabilities................................. 230,963 47,194
Total .................................................. $686,853 $543,427
In connection with the cost reduction initiatives and associated workforce reductions announced in the fourth
quarter of 2010, we have accrued approximately $4.7 million at December 31, 2010 related to severance costs in
accounts payable and accrued expenses.
Other long-term liabilities
Other long-term liabilities consisted of the following (in thousands):
2010 2009
December 31,
Deferred rents associated with tower and spectrum leases ............... $394,495 $164,091
Other ..................................................... 66,557 66,883
Total .................................................... $461,052 $230,974
87
CLEARWIRE CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)