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OTHER ASSETS
 12 Months Ended
Dec. 31, 2016
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Other Noncurrent Assets Disclosure [Text Block]

8. OTHER ASSETS

Other assets included the following amounts at December 31, 2016 and 2015:
 
 
 
2016
 
2015
  
 
(Dollars in thousands)
Cash surrender value of life insurance
 
$
15,604
 
 
$
14,876
 
Amortizable intangible assets (See Note 7)
 
 
2,139
 
 
 
2,379
 
Investment in real estate
 
 
2,297
 
 
 
2,284
 
Other
 
 
2,745
 
 
 
1,604
 
Total other assets
 
$
22,785
 
 
$
21,143
 
 
The Company has five life insurance policies on current and former executives. Upon death of the insured executives, the approximate death benefit the Company would receive is $16.6 million in aggregate as of December 31, 2016.
On May 1, 2013, the Company purchased a 50% interest in a building in Montreal, Canada for approximately $3.2 million. The building, which is classified as an investment in real estate in the above table, serves as the Company’s Canadian office and distribution center. The purchase was accounted for as an equity-method investment under ASC 323, Investments — Equity Method and Joint Ventures.