Other Liabilities

9 Months Ended

Sep. 30, 2023

Note 13 – Other Liabilities

Other liabilities are summarized as follows:



	September 30,		December 31,
(Dollars in thousands)	2023		2022
Current liabilities
Lease liability	$	5,900	$	—
Accrued pension		684		684
Security deposit payable		53		68
Finance lease liabilities		3		28
Other		33		33
Other current liabilities	$	6,673	$	813
Other liabilities
Lease make-good provision		5,860		6,131
Accrued pension		2,771		3,138
Deferred rent liability		1,537		2,484
Environmental reserve		1,656		1,656
Lease liability		—		5,900
Acquired leases		5		11
Other non-current liabilities	$	11,829	$	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 $3.5 million on September 30, 2023. The benefits of our pension plan are fully vested and therefore no service costs were recognized for the nine months ended September 30, 2023, and 2022. Our pension plan is unfunded.

During the quarter and nine months ended September 30, 2023, the interest cost was $47,000 and $146,000, respectively, and the actuarial loss was $52,000 and $155,000, respectively. During the quarter and nine months ended September 30, 2022, the interest cost was $53,000 and $165,000, respectively, and the actuarial loss was $52,000 and $155,000, respectively.