Other Long-Term Obligations

9 Months Ended

Sep. 30, 2014

Other Liabilities Disclosure [Abstract]

Other long-term obligations consist of the following (in thousands):



	September 30, 2014		December 31, 2013
Supplemental Executive Retirement Plan (SERP) liability	$	18,673	$	27,049
Product liability	17,555		17,185
Deferred income taxes	33,834		36,328
Deferred compensation	7,808		11,679
Uncertain tax obligation including interest	15,897		15,524
Other	9,373		10,511
Total long-term obligations	$	103,140	$	118,276

As a result of the retirement of two executives of the Company during 2014, deferred compensation payments of $2,545,000 were made during the nine months ended September 30, 2014. Furthermore, based on the retirement agreements for the same executives, the Company estimates SERP payments of $8,280,000 will be made in the first quarter of 2015 as well as deferred compensation payments of $847,000 during the next twelve months. Accordingly, the Company has reclassified $9,127,000 from Other Long-Term Obligations to Current Liabilities as of September 30, 2014.