| ACCRUED LIABILITIES |
ACCRUED LIABILITIES
A summary of accrued liabilities is as follows: | | | | | | | | | | | | | | | | | | VERSO | | VERSO HOLDINGS | | December 31, | | December 31, | (Dollars in thousands) | 2014 | | 2013 | | 2014 | | 2013 | Accrued interest | $ | 77,660 |
| | $ | 58,852 |
| | $ | 77,787 |
| | $ | 58,977 |
| Payroll and employee benefit costs | 43,364 |
| | 40,054 |
| | 43,364 |
| | 40,054 |
| Accrued transaction costs | 25,298 |
| | — |
| | 25,298 |
| | — |
| Restructuring costs | 24,181 |
| | — |
| | 24,181 |
| | — |
| Accrued sales rebates | 11,854 |
| | 11,573 |
| | 11,854 |
| | 11,573 |
| Derivatives | 6,268 |
| | 4,959 |
| | 6,268 |
| | 4,959 |
| Accrued taxes - other than income | 1,466 |
| | 1,456 |
| | 1,455 |
| | 1,431 |
| Freight and other | 15,306 |
| | 5,441 |
| | 15,306 |
| | 5,441 |
| Accrued liabilities | $ | 205,397 |
| | $ | 122,335 |
| | $ | 205,513 |
| | $ | 122,435 |
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