Other Current and Long-term Liabilities
12 Months Ended
Dec. 31, 2014
Other Current and Long-term Liabilities  
Other Current and Long-term Liabilities

10. Other Current and Long-term Liabilities

        Other current liabilities consisted of the following as at December 31 (in thousands):

                                                                                                                                                                                    

 

 

2014

 

2013

 

Fair value of swaps

 

$

51,022 

 

$

109,431 

 

Other current liabilities

 

 

1,480 

 

 

5,267 

 

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​

​  

​  

​

​  

​  

​

Total

 

$

52,502 

 

$

114,698 

 

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​

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​

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        As of December 31, 2014 and December 31, 2013, other current liabilities mainly consist of $0.7 million and $4.9 million, respectively, in relation to deferred fees accrued in accordance with the Bank Agreement (refer to Note 12, Long-Term Debt), and are recorded at amortized cost.

        Other long-term liabilities consisted of the following at December 31 (in thousands):

                                                                                                                                                                                    

 

 

2014

 

2013

 

Fair value of swaps

 

$

2,398 

 

$

59,077 

 

Other long-term liabilities

 

 

11,310 

 

 

9,103 

 

​

​

​  

​  

​

​  

​  

​

Total

 

$

13,708 

 

$

68,180 

 

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​

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        In respect to the fair value of swaps, refer to Note 15a, Financial Instruments—Cash Flow Interest Rate Swap Hedges.