Other Liabilities

3 Months Ended

Mar. 31, 2023

Other Liabilities [Abstract]

Other Liabilities

Note 13 – Other Liabilities

Other liabilities are summarized as follows:

	March 31,		December 31,
(Dollars in thousands)	2023		2022
Current liabilities
Accrued pension		684		684
Security deposit payable		88		68
Finance lease liabilities		20		28
Other		32		33
Other current liabilities	$	824	$	813
Other liabilities
Lease make-good provision		6,124		6,131
Accrued pension		3,017		3,138
Deferred rent liability		2,412		2,484
Environmental reserve		1,656		1,656
Lease liability		5,900		5,900
Acquired leases		10		11
Other non-current liabilities	$	19,119	$	19,320

Pension Liability – Supplemental Executive Retirement Plan

Details of our Supplemental Executive Retirement Plan are disclosed in Note 13 – Pension and Other Liabilities in our 2022 Form 10-K

Included in our current and non-current liabilities are accrued pension costs of $3.7 million at March 31, 2023. The benefits of our pension plan are fully vested and therefore no service costs were recognized for the three months ended March 31, 2023, and 2022. Our pension plan is unfunded.

During the quarter ended March 31, 2023, the interest cost was $50,000, and the actuarial loss was $52,000. During the quarter ended March 31, 2022, the interest cost was $56,000, and the actuarial loss was $52,000.