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Table of Contents
VONAGE HOLDINGS CORP.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
(In thousands, except per share amounts)
F-15 VONAGE ANNUAL REPORT 2014
Debt related costs, net
December 31,
2014
December 31,
2013
Senior secured term loan $ 6,617 $4,706
Less: accumulated amortization (4,466)(3,393)
Debt related costs, net $ 2,151 $1,313
Restricted cash
December 31,
2014
December 31,
2013
Letter of credit-lease deposits $ 3,311 $4,306
Cash reserves 94 99
Restricted cash $ 3,405 $4,405
Other assets
December 31,
2014
December 31,
2013
Long term non-trade receivable $ 6,623 $ —
Others 1,125 1,882
Other assets $ 7,748 $1,882
Accrued expenses
December 31,
2014
December 31,
2013
Compensation and related taxes and temporary labor $ 25,555 $20,276
Marketing 17,871 23,277
Taxes and fees 17,300 18,207
Litigation and settlements 23 89
Telecommunications 8,134 7,942
Other accruals 9,645 6,063
Customer credits 1,883 1,719
Professional fees 2,178 2,490
Accrued interest 133 12
Inventory 1,267 769
Credit card fees 207 283
Accrued expenses $ 84,196 $81,127
Accumulated other comprehensive (loss) income
December 31,
2014
December 31,
2013
Foreign currency translation adjustment $ (3,123) $ 519
Unrealized loss on available-for-sale securities (8) —
Accumulated other comprehensive (loss) income $ (3,131) $ 519