OTHER ASSETS

Other current and non-current assets comprised the following at June 30, 2012 and December 31, 2011:



	June 30, 2012		December 31, 2011
Current:
Prepaid acquired programming	$	20,384	$	23,479
Other prepaid expenses	10,154		9,422
Derivative asset	29,489		—
Deferred tax	11,497		3,893
Capitalized debt costs	4,624		5,023
VAT recoverable	4,440		6,857
Inventory	5,542		5,226
Income taxes recoverable	631		2,632
Restricted cash	372		381
Other	3,312		1,092
Total other current assets	$	90,445	$	58,005

	June 30, 2012		December 31, 2011
Non-current:
Capitalized debt costs	$	17,242	$	19,350
Deferred tax	2,759		4,232
Other	3,202		2,926
Total other non-current assets	$	23,203	$	26,508

The derivative asset relates to our option to cause TW Investor to purchase additional common shares (see Note 11, "Financial Instruments and Fair Value Measurements") that was settled on July 3, 2012 (see Note 20, "Subsequent Events").

Capitalized debt costs primarily comprise the costs incurred in connection with the issuance of our Senior Notes and Convertible Notes (see Note 4, “Long-Term Debt and Other Financing Arrangements”), and are being amortized over the term of the Senior Notes and Convertible Notes using either the straight-line method, which approximates the effective interest method, or the effective interest method.