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Accrued Liabilities
9 Months Ended
Sep. 27, 2015
Accrued Liabilities.  
Accrued Liabilities

NOTE 8 – Accrued Liabilities

 

The components of accrued liabilities are as follows:

 

 

 

 

 

 

 

 

 

 

 

As of

 

 

 

September 27,

 

December 31,

 

($ in thousands)

    

2015

    

2014

 

Accrued product related costs

 

$

4,208

 

$

5,216

 

Accrued income taxes

 

 

5,161

 

 

3,346

 

Accrued property and other taxes

 

 

2,607

 

 

2,547

 

Dividends payable

 

 

1,307

 

 

1,336

 

Remediation and monitoring reserves

 

 

19,085

 

 

3,918

 

Other accrued liabilities

 

 

10,663

 

 

8,993

 

Total accrued liabilities

 

$

43,031

 

$

25,356

 

 

Remediation and monitoring reserves of $19,085,000 as of September 27, 2015 include a non-recurring environmental charge for the third quarter of 2015 of $14,541,000 which represents the estimated liability for one of the CTS’ sites.  See further discussion in Note 9.  Other remediation and monitoring charges incurred in the normal course of business are recorded in selling, general, and administrative expenses.