Other Liabilities

6 Months Ended

Jun. 30, 2012

Note 12 – Other Liabilities

Other liabilities are summarized as follows (dollars in thousands):


	June 30, 2012		December 31, 2011
Current liabilities
Security deposit payable	$	164	$	137
Other		40		-
Other current liabilities	$	204	$	137
Other liabilities
Foreign withholding taxes	$	6,346	$	6,212
Straight-line rent liability		8,215		8,067
Lease liability		5,800		5,746
Environmental reserve		1,656		1,656
Accrued pension		4,466		4,289
Interest rate swap		6,219		4,722
Acquired leases		2,410		2,742
Other payable		1,191		1,243
Other		652		962
Other liabilities	$	36,955	$	35,639

Included in our other liabilities are accrued pension costs of $4.5 million at June 30, 2012. The benefits of our pension plans are fully vested, and, as such, no service costs were recognized for the three months ended June 30, 2012 and 2011. Our pension plans are unfunded; therefore, the actuarial assumptions do not include an estimate for expected return on plan assets. For the three and six months ended June 30, 2012, we recognized $87,000 and $177,000, respectively, of interest cost and $76,000 and $152,000, respectively, of amortized prior service cost. For the three and six months ended June 30, 2011, we recognized $100,000 and $190,000, respectively, of interest cost and $82,000 and $164,000, respectively, of amortized prior service cost.