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Pension And Other Liabilities (Tables)
12 Months Ended
Dec. 31, 2015
Pension And Other Liabilities [Abstract]  
Summary Of Other Liabilities Including Pension





 

 

 

 

 

 

(Dollars in thousands)

 

December 31, 2015

 

December 31, 2014

Current liabilities

 

 

 

 

 

 

   Lease liability(1)

 

$

5,900 

 

$

5,900 

   Accrued pension(2)

 

 

1,539 

 

 

855 

   Security deposit payable

 

 

180 

 

 

202 

   Other

 

 

21 

 

 

12 

   Other current liabilities

 

$

7,640 

 

$

6,969 

Other liabilities

 

 

 

 

 

 

   Straight-line rent liability

 

$

10,823 

 

$

9,246 

   Accrued pension(2)

 

 

6,236 

 

 

6,740 

   Lease make-good provision

 

 

5,228 

 

 

4,385 

   Environmental reserve

 

 

1,656 

 

 

1,656 

   Interest rate swap

 

 

156 

 

 

2,177 

   Deferred Revenue - Real Estate

 

 

4,596 

 

 

5,083 

   Acquired leases

 

 

866 

 

 

1,265 

   Other

 

 

501 

 

 

3,009 

   Other liabilities

 

$

30,062 

 

$

33,561 



(1) Represents the lease liability of the option associated with the ground lease purchase of the Village East Cinema. See below for more information.

(2) Represents the pension liability associated with the Supplemental Executive Retirement Plan explained below.

Schedule Of Change In Pension Benefit Obligation And Funded Status



 

 

 

 

 

 

(Dollars in thousands)

 

December 31, 2015

 

December 31, 2014

Benefit obligation at January 1

 

$

7,595 

 

$

7,398 

   Interest cost

 

 

180 

 

 

255 

   Actuarial gain

 

 

--

 

 

(58)

Benefit obligation at December 31

 

$

7,775 

 

$

7,595 

Funded status at December 31

 

$

(7,775)

 

$

(7,595)



Schedule Of Pension Benefit Obligation Recognized In Balance Sheets



 

 

 

 

 

 

(Dollars in thousands)

 

December 31, 2015

 

December 31, 2014

Current liabilities

 

$

1,539 

 

$

855 

Other liabilities - Non current

 

 

6,236 

 

 

6,740 



 

$

7,775 

 

$

7,595 



Schedule Of The Components Of Net Periodic Benefit Cost And Other Amounts Recognized In Other Comprehensive Income



 

 

 

 

 

 

(Dollars in thousands)

 

December 31, 2015

 

December 31, 2014

Net periodic benefit cost

 

 

 

 

 

 

Interest cost

 

$

180 

 

$

209 

Amortization of prior service costs

 

 

--

 

 

254 

Amortization of net actuarial gain

 

 

207 

 

 

426 

Net periodic benefit cost

 

$

387 

 

$

889 

Items recognized in other comprehensive income

 

 

 

 

 

 

Net loss

 

$

--

 

$

(58)

Amortization of prior service cost

 

 

--

 

 

(254)

Amortization of net loss

 

 

(207)

 

 

(426)

Total recognized in other comprehensive income

 

$

(207)

 

$

(738)



 

 

 

 

 

 

Total recognized in net periodic benefit cost and other comprehensive income

 

$

180 

 

$

151 



Schedule Of Items Not Recognized As A Component Of Net Periodic Pension Cost



 

 

 

 

 

 

(Dollars in thousands)

 

December 31, 2015

 

December 31, 2014

Unamortized actuarial loss

 

$

2,848 

 

$

3,055 

Accumulated other comprehensive loss

 

$

2,848 

 

$

3,055 



Schedule Of Expected Benefit Payments



 

 

 

(Dollars in thousands)

 

Estimated Future Pension Payments

2016

 

$

1,539 

2017

 

 

684 

2018

 

 

684 

2019

 

 

684 

2020

 

 

684 

Thereafter

 

 

3,500 

Total pension payments

 

$

7,775 



Schedule Of Reconciliation Of The Lease Make-Good Provision



 

 

 

 

 

 

(Dollars in thousands)

 

As of and for the year ended December 31, 2015

 

As of and for the year ended December 31, 2014

Opening balance

 

$

4,385 

 

$

Liabilities incurred during the year

 

 

1,314 

 

 

4,385 

Liabilities settled during the year

 

 

(381)

 

 

Accretion expense

 

 

212 

 

 

Effect of changes in foreign currency

 

 

(302)

 

 

 Ending balance

 

$

5,228 

 

$

4,385