OTHER ASSETS

12 Months Ended

Dec. 31, 2014

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Other Noncurrent Assets Disclosure [Text Block]

8. OTHER ASSETS

Other assets included the following amounts at December 31, 2014 and 2013:

	2014		2013
	(Dollars in thousands)
Cash surrender value of life insurance		14,148		13,440
Intangible assets (See Note 7)		2,653		2,926
Investment in real estate		2,793		3,112
Other		1,710		1,977
Total other assets	$	21,304	$	21,455

The Company has five life insurance policies on current and former executives. Upon death of the insured executives, the approximate death benefit the Company would receive is $15.7 million in aggregate as of December 31, 2014.

On May 1, 2013, the Company purchased a 50% interest in a building in Montreal, Canada for approximately $3.2 million. The building, which was classified as an investment in real estate in the above table, serves as the Company’s Canadian office and distribution center. The purchase was accounted for as an equity-method investment under ASC 323, Investments — Equity Method and Joint Ventures (“ASC 323”).