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Other Liabilities
3 Months Ended
Mar. 31, 2016
Other Liabilities  
Other Liabilities

12.     Other Liabilities

 

The Company recorded other current liabilities of approximately $0.3 million and $0.6 million at March 31, 2016 and December 31, 2015, respectively.  The March 31, 2016 and December 31, 2015 amounts include a net liability of approximately $0.3 million and $0.4 million respectively related to the Argentina tax on equity due for years 2009 through 2012 stemming from a tax audit of those years.  For March 31, 2016 the amount includes $0.1 million in taxes and $0.2 million in estimated interest and penalties.  The $0.1 million in net taxes due will be paid ratably over a four month period ending July 31, 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 by the end of the second quarter 2016.  The December 31, 2015 amount also includes $0.1 million of accrued interest on the Sentient Loan and $0.1 million as a loss contingency on a disputed contract with a third party contractor in Mexico.  The dispute was settled during the first quarter 2016 for the amount previously accrued.