ACCRUED EXPENSES, OTHER CURRENT LIABILITIES AND OTHER LIABILITIES

12 Months Ended

Dec. 31, 2014

ACCRUED EXPENSES, OTHER CURRENT LIABILITIES AND OTHER LIABILITIES

ACCRUED EXPENSES, OTHER CURRENT LIABILITIES AND OTHER LIABILITIES

NOTE P - ACCRUED EXPENSES, OTHER CURRENT LIABILITIES AND OTHER LIABILITIES

Accrued expenses and other current liabilities consist of:

	As of December 31,
(in thousands)	2014		(As Restated) 2013
Accrued professional fees	$	38,522	$	1,038
Other current liabilities	16,900		13,723
Accrued insurance	15,881		14,790
Patient prepayments deposits and refunds payable	9,263		8,644
Accrued sales taxes and other taxes	11,212		6,238
Total	$	91,778	$	44,433

Accrued professional fees primarily relate to accruals for professional accounting and legal fees.  Other current liabilities are primarily related to accruals for unclaimed property, deferred revenue and warranty liabilities.  Accrued insurance primarily relate to accruals for estimated losses for certain self-insured risks including property, professional liability, general liability and employee health related matters.  Patient deposits and refunds includes funds received for devices not yet delivered to a patient and refunds for overpayment due to reimbursement sources.  Accrued sales taxes and other taxes primarily relate to state sales taxes.

Other liabilities consist of:

	As of December 31,
(in thousands)	2014		(As Restated) 2013
Senior executive retirement plan obligations	$	22,113	$	20,696
Unrecognized tax benefits	7,605		7,475
Deferred tenant improvement allowances	6,289		5,859
Other miscellaneous liabilities	5,156		3,395
Deferred rent	4,712		3,798
Total	$	45,875	$	41,223

Senior executive retirement plan obligations includes obligations due on both the Company’s Defined Benefit Senior Executive Retirement Plan and its Defined Contribution Senior Executive Retirement Plan.  See Note L - “Employee Benefits” for additional information on the SERP plans.

Deferred tenant improvement allowance credits represents deferred credits associated with receiving property lease incentives. Deferred rent represents net deferred credits associated with recognizing rent expense on a straight-line basis for property operating leases whose lease payments escalate over the life of the lease.  Both deferred credits are recognized as reductions of rent expense over the term of the associated lease.