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COMMITMENTS AND CONTINGENCIES (Tables)
12 Months Ended
Dec. 31, 2014
COMMITMENTS AND CONTINGENCIES  
Schedule of Commitments and Contingencies

 

Standby letters of credit (1)

 

 

$

6.0 

 

Bonds (2)

 

 

$

20.6 

 

Benefit plan withdrawal obligations (3)

 

 

$

94.8 

 

 

(1)

Includes $4.8 million in letters of credit, which are required for the Company’s uninsured workers’ compensation programs and its other insurance programs, and $1.2 million in letters of credit used to support various credit enhancement needs.

 

(2)

Consists of $19.2 million in U.S. Custom bonds, and $1.4 million related to transportation and other matters.

 

(3)

Represents the withdrawal liabilities as of the most recent valuation dates for multiemployer pension plans, in which the Company is a participant.  Management has no present intention of withdrawing from, and does not anticipate the termination of, any of the aforementioned plans.