Accrued Liabilities

12 Months Ended

Dec. 31, 2013

(9) Accrued Liabilities

Accrued liabilities consisted of the following as of December 31, 2013 and 2012:



	2013		2012
	(In thousands)
Accrued merchant fees	$	32,619	$	23,510
Accrued taxes		23,033		1,794
Accrued merchant settlement amounts		17,365		9,255
Accrued compensation		12,501		9,524
Accrued interest expense		6,140		5,753
Accrued armored fees		5,271		4,628
Accrued maintenance fees		5,186		4,865
Accrued cash rental and management fees		4,570		4,067
Accrued purchases		2,392		2,084
Accrued interest rate swap payments		2,211		2,299
Accrued ATM telecommunications costs		1,682		1,254
Accrued processing costs		939		1,510
Other accrued expenses		23,867		9,569
Total	$	137,776	$	80,112

The increase in Accrued merchant settlement amounts was primarily related to the increase in merchant-owned arrangements as a result of acquisitions completed during 2013. The increase in the accrued taxes line above relates to increased estimated liabilities for U.K. business rates (similar to property taxes), which increased significantly during the third quarter of 2013 as the governmental agency responsible for assessing property values in the U.K. materially changed its approach for locating and assessing ATM sites and is now also seeking to recover assessments for prior periods dating back to 2010 for some of the Company’s ATM locations in the U.K. The Company has no statutory responsibility to self-assess property taxes in the U.K., but instead, must pay business rates invoices when they are invoiced. Prior to the third quarter of 2013, only a minority of its ATMs had been assessed business rates. The Company had $14.7 million in accrued property taxes in the U.K. as an estimate of the Company’s expected liability through December 31, 2013, based on the information available as of that date. The Company’s estimated liability is subject to change based on potential challenges associated with valuations of the assessments, possible legal challenges the Company may assert, the Company’s ability to recover a portion of the estimated costs for which the Company’s merchants are contractually liable, and other factors.