Current and Noncurrent Accrued and Other Liabilities (Tables)

3 Months Ended

Mar. 31, 2017

Other Liabilities Disclosure [Abstract]

Summary of Current and Noncurrent Accrued and Other Liabilities

	March 31,		December 31,
	2017		2016
	(In Thousands)
Accrued interest	$	5,445	$	13,425
Deferred revenue		5,401		5,757
Accrued payroll and benefits		4,793		4,696
Accrued liabilities associated with discontinued operations		4,182		5,498
Customer deposits		3,869		2,506
Series E Redeemable Preferred - embedded derivative		2,848		2,557
Accrued death and other executive benefits (1)		2,764		4,207
Other		33,908		17,717
		63,210		56,363
Less noncurrent portion		10,431		12,326
Current portion of accrued and other liabilities	$	52,779	$	44,037

(1) During March 2017, a death benefit agreement with Jack E. Golsen, the Executive Chairman of our Board, was terminated pursuant to the terms of the agreement that allowed LSB to terminate at any time and for any reason prior to the death of the employee.  As a result, the liability of approximately $1.4 million for the estimated death benefit associated with this agreement was extinguished and derecognized with the offset classified as other income.  For the three months ended March 31, 2017, the effect of this adjustment (after income taxes of $0.5 million) decreased basic and diluted loss per share by $0.03 per share.