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Other Liabilities | 6 Months Ended
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Jun. 30, 2019
Other Liabilities [Abstract] |
Other Liabilities | Note 11 – Other Liabilities ﻿ Other liabilities are summarized as follows: ﻿
﻿ |  |  |  |  |  |
﻿ |  |  |  |  |  |
﻿ |  | June 30, |  | December 31,
﻿(Dollars in thousands) |  | 2019 |  | 2018
﻿Current liabilities |  |  |  |  |  |
﻿Lease liability |  | $ | 5,900 |  | $ | 5,900
﻿Liability for demolition costs |  |  | 2,621 |  |  | 2,630
﻿Accrued pension |  |  | 684 |  |  | 684
﻿Security deposit payable |  |  | 85 |  |  | 84
﻿Finance lease liabilities |  |  | 145 |  |  | —
﻿Other |  |  | 208 |  |  | 7
﻿ Other current liabilities |  | $ | 9,643 |  | $ | 9,305
﻿Other liabilities |  |  |  |  |  |
﻿Straight-line rent |  | $ | — |  | $ | 16,362
﻿Lease make-good provision |  |  | 5,998 |  |  | 5,614
﻿Accrued pension |  |  | 4,671 |  |  | 4,670
﻿Environmental reserve |  |  | 1,656 |  |  | 1,656
﻿Deferred revenue - real estate |  |  | 6 |  |  | 32
﻿Acquired leases |  |  | 42 |  |  | 91
﻿Finance lease liabilities |  |  | 144 |  |  | —
﻿Other |  |  | 8 |  |  | 506
﻿ Other liabilities |  | $ | 12,525 |  | $ | 28,931
﻿ On August 29, 2014, the Supplemental Executive Retirement Plan (“SERP”) that has been effective since March 1, 2007, was ended and replaced in accordance with the terms of a pension annuity. As a result of the termination of the SERP program, the accrued pension liability of $7.6 million was reversed and replaced with this pension annuity liability of $7.5 million. The valuation of the liability is based on the present value of $10.2 million discounted at a rate of 4.25% over a 15-year term, resulting in a monthly payment of $57,000. The discounted value of $2.7 million (which is the difference between the estimated payout of $10.2 million and the present value of $7.5 million) as of August 29, 2014 will be amortized and expensed based on the 15-year term. In addition, the accumulated actuarial loss of $3.1 million recorded, as part of other comprehensive income will also be amortized based on the 15-year term. ﻿ In February 2018, we made a payment of $2.4 million relating to the annuity representing payments for the 42 months outstanding at the time. Monthly ongoing payments of $57,000 are now being made. ﻿ As a result of the above, included in our current and non-current liabilities are accrued pension costs of $5.4 million at June 30, 2019. The benefits of our pension plan are fully vested and therefore no service costs were recognized for the quarter and six months ended June 30, 2019 and 2018. Our pension plan is unfunded. ﻿ During the quarter and six months ended June 30, 2019, the interest cost was $298,000 and $343,000 respectively, and the actuarial loss was $52,000 and $103,000 respectively. During the quarter and six months ended June 30, 2018, the interest cost was $45,000 and $90,000 respectively, and the actuarial loss was $52,000 and $104,000 respectively.

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- Definition The entire disclosure for other liabilities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.20,24) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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