8. Other Current Liabilities and Other Liabilities

Other current liabilities consisted of the following (in thousands):



	March 31,		December 31,
	2014		2013
	(unaudited)
Property, sales and use taxes payable	$	16,648	$	14,482
Income tax payable		212		—
Accrued interest		4,224		3,078
Advance deposits		11,534		8,259
Management fees payable		769		1,077
Other		3,674		3,392
	$	37,061	$	30,288

Other liabilities consisted of the following (in thousands):



	March 31,		December 31,
	2014		2013
	(unaudited)
Deferred gain on sale of asset	$	14,000	$	14,000
Interest rate swap derivative agreement		952		1,066
Accrued income tax		1,503		1,491
Deferred revenue		6,791		6,918
Deferred rent		12,973		12,270
Deferred incentive management fees		1,837		1,714
Other		2,554		2,499
	$	40,610	$	39,958

In conjunction with the Rochester Portfolio sale, the Company retained a $14.0 million liability related to the Rochester Portfolio’s pension plan, which could be triggered in certain circumstances, including termination of the pension plan. Accordingly, the Company has deferred $14.0 million of gain on the sale of the Rochester Portfolio, which $14.0 million in gain will be recognized, if at all, when and to the extent the Company is released from any potential liability related to the Rochester Portfolio’s pension plan.

The Company’s current liabilities include income tax payable of $0.2 million and zero as of March 31, 2014 and December 31, 2013, respectively. During the first quarter of 2014, the Company recognized combined federal and state income tax expense of $0.2 million based on 2014 projected taxable income net of operating loss carryforwards for its taxable entities, which is included in the Company’s consolidated statement of operations and comprehensive income (loss).

The Company’s other liabilities include accrued income tax of $1.5 million as of both March 31, 2014 and December 31, 2013. Based on the Company’s ongoing evaluations of its uncertain tax positions related to the years ended December 31, 2013 and 2012, the Company adjusted for an unrecognized tax benefit of $1.5 million during the first quarter of 2013, which is included in the Company’s consolidated statements of operations and comprehensive income (loss). During the first quarter of 2014, the Company accrued additional interest of $12,000 on its unrecognized tax benefit, which is included in the Company’s consolidated statements of operations and comprehensive income (loss).