Subsequent Events

3 Months Ended

Mar. 31, 2016

Subsequent Events [Abstract]

Subsequent Events

Subsequent Events

The Company filed property tax petitions against County of Washington, Minnesota, where our former headquarters was located, claiming that the property had been partially, unfairly or unequally assessed for the years of 2012, 2013 and 2014. On April 12, 2016 we reached an agreement with the County of Washington and entered Stipulated Judgments. Both parties agreed on reduced valuations and a recalculation of the property taxes for 2012, 2013 and 2014. We expect a tax refund of approximately $2.0 million (net of fees) plus interest, to be received and recorded in the second quarter 2016. This amount, once received, will be considered realized at that time and is expected to be recorded as a gain in the second quarter of 2016.