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OTHER LIABILITIES AND DEBT (Tables) | 12 Months Ended
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Dec. 31, 2012
OTHER LIABILITIES AND DEBT [Abstract] |
Schedule of Other Liability and Debt | As of December 31, 2012 and 2011, USE had current and long term liabilities associated with the following funding commitments:
|  | (In thousands) |
|  | December 31, |  |  | December 31, |
|  | 2012 |  |  | 2011 |
Other liabilities and debt: |  |  |  |  |  |
Other liabilities |  |  |  |  |  |
Deferred rent |  |  | 12 |  |  |  | 14 |
Employee health insurance self funding |  |  | 32 |  |  |  | 10 |
|  | $ | 44 |  |  | $ | 24 |
Other long term liabilities: |  |  |  |  |  |  |  |
Accrued executive retirement costs |  | $ | 771 |  |  | $ | 822 |
Debt: |  |  |  |  |  |  |  |
Credit Facility - collateralized by |  |  |  |  |  |  |  |
oil and gas reserves, at 2.92% |  | $ | 10,000 |  |  | $ | 12,000 |
Long term Debt |  |  |  |  |  |  |  |
Real estate note - collateralized by |  |  |  |  |  |  |  |
property, interest at 5.5% |  |  | 9,621 |  |  |  | 9,904 |
Real estate note - collateralized by |  |  |  |  |  |  |  |
property, interest at 6% |  |  | 200 |  |  |  | 400 |
|  |  | 19,821 |  |  |  | 22,304 |
Less current portion |  |  | (526 | ) |  |  | (481 | )
Totals |  | $ | 19,295 |  |  | $ | 21,823 |
Schedule of Future Payments on Debt Maturities | On May 5, 2011, USE borrowed $10.0 million from a commercial bank against Remington Village. At the date of filing of this annual report $9.6 million is due on the note. The note is collateralized by the Company's multi-family property in Gillette, WY. The note is amortized over 20 years with a balloon payment at the end of five years with an interest rate of 5.50% per annum. Proceeds of the note were used to fund general business obligations. When Remington Village is sold, the proceeds from the sale will first be applied to the retirement of the debt and the remainder applied to general corporate overhead and project development. Therefore, the debt related to Remington Village is included in current liabilities held for sale.
|  | (In thousands) |
|  | Payments due by period |
|  | Total |  |  | 2013 |  |  | 2014 |  |  | 2015 |  |  | 2016 |  |  | 2017 and thereafter |
Credit facility 3.2% |  | $ | 10,000 |  |  | $ | -- |  |  | $ | 10,000 |  |  | $ | -- |  |  | $ | -- |  |  | $ | -- |
Real estate note 5.5% |  |  | 9,621 |  |  |  | 308 |  |  |  | 326 |  |  |  | 8,987 |  |  |  | -- |  |  |  | -- |
Real estate note 6.0% |  |  | 200 |  |  |  | 200 |  |  |  | -- |  |  |  | -- |  |  |  | -- |  |  |  | -- |
Total |  | $ | 19,821 |  |  | $ | 508 |  |  | $ | 10,326 |  |  | $ | 8,987 |  |  | $ | -- |  |  | $ | -- |

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- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
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- Definition Tabular disclosure of the combined aggregate amount of maturities and sinking fund requirements for all long-term borrowings for each of the five years following the date of the latest balance sheet date presented. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6802200&loc=d3e1835-112601 + Details
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