Other Liabilities

12 Months Ended

Dec. 31, 2013

Other Liabilities

Other Liabilities

12. Other Liabilities

The Company recorded Other current liabilities of $4.4 million at December 31, 2013 and $7.1 million at December 31, 2012.  The December 31, 2013 and 2012 amounts include a loss contingency of $4.4 million and $4.6 million, respectively. The 2012 amount also included an unrecognized tax benefit of $2.5 million.  The loss contingency relates to foreign withholding taxes that the government could assert are owed by the Company, acting as withholding agent, on certain interest payments made to a third party.  The unrecognized tax benefit was related to foreign withholding taxes that the government could assert were owed on intercompany balances between subsidiaries prior to the capitalization of such balances (see Note 14).  The foreign withholding tax statute of limitations related to the loss contingency will expire in 2015. The amounts include estimated interest, penalties and other adjustments.

The Company had recorded other long term liabilities of $0.1 million and $0.2 million for the years ended December 31, 2013 and 2012, respectively.  Both amounts are related to a deferred leasehold liability which represents the recording of rent expense on a straight-line basis while actual rent payments are escalating over the course of the lease and where certain leasehold improvement costs, reimbursable by the landlord, are being amortized, on a straight-line basis, against rent expense over the life of the lease.  The amounts are all related to the corporate headquarters office lease which was renegotiated and extended during the first quarter 2014 (see Note 18).