Commitments and Contingencies

6 Months Ended

Jun. 30, 2011

Commitments and Contingencies

Commitments and Contingencies

11. Commitments and Contingencies

Liability Claims

     At June 30, 2011 and December 31, 2010 the short-term and long-term portions of the estimated unreported loss liability and any related recoverable insurance amounts are as follows (in thousands):

		June 30,		December 31,
		2011		2010
Short-term liability	$	1,189	$	1,310
Long-term liability		1,040		1,310
Total liability		2,229		2,620
Short-term recoverable		370		500
Long-term recoverable		360		550
Total recoverable		730		1,050
Total net unreported loss liability	$	1,499	$	1,570

     Further analysis indicated that the liability as of June 30, 2011 could be estimated to be as high as $4.2 million, after including a reasonable margin for statistical fluctuations calculated based on actuarial simulation techniques.

Employment Agreement

     The Company has an employment agreement with its Chief Executive Officer ("CEO") that confers benefits which become payable upon a change in control or upon certain termination events. As of both June 30, 2011 and December 31, 2010 the Company has recorded $2.1 million in accrued expenses and other current liabilities on the Summary Consolidated Balance Sheets representing benefits payable upon the CEO's voluntary retirement.