Other Liabilities

12 Months Ended

Dec. 31, 2015

Other Liabilities

Other Liabilities

13.Other Liabilities

The Company recorded other current liabilities of approximately $0.6 million and $2.6 million at December 31, 2015 and December 31, 2014, respectively.  For December 31, 2015 the amount includes $0.4 million related to the Argentina tax on equity due for years 2009 through 2012 stemming from a tax audit of those years. The amount includes $0.2 million in taxes and $0.2 million in estimated interest and penalties.  The $0.2 million in net taxes due will be paid ratably over a six month period beginning in January 2016.  The Company is awaiting the final assessment of interest and penalties, estimated to be approximately $0.2 million, payable immediately upon final assessment, which is expected in early 2016 (see Note 21.)  The December 31, 2015 amount also includes $0.1 million of accrued interest on the Sentient Loan (see Note 11) and $0.1 million as a loss contingency on a disputed contract with a third party contractor in Mexico.

For December 31, 2014 the amount includes $2.3 million related to a loss contingency on 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 amounts include estimated interest, penalties and other adjustments. This loss contingency expired during 2015.  The December 31, 2014 amount also includes $0.2 million related to the Argentina tax on equity due for years 2009 through 2012 stemming from a tax audit of those years. The amount includes estimated interest and penalties and is net of certain VAT credits due the Company.