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Other Income, Net
 12 Months Ended
Dec. 31, 2013
Other Income, Net [Abstract]  
Other Income, Net

(9)   Other Income, Net:

The components of other income, net for the years ended December 31, 2013, 2012 and 2011 are as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

($ in thousands)

 

2013

 

2012

 

2011

 

 

 

 

 

 

 

 

 

 

Gain on expiration/settlement of customer advances

 

$
3,345 

 

$
7,798 

 

$
7,605 

Litigation settlement proceeds

 

 

 -

 

 
854 

 

 
1,495 

Split-dollar life insurance proceeds

 

 
2,263 

 

 

 -

 

 

 -

All other, net

 

 
(239)

 

 
(1,531)

 

 
35 

   Total other income, net

 

$
5,369 

 

$
7,121 

 

$
9,135 

 

During 2013 we recognized proceeds of $2.3 million in the settlement of a split-dollar life insurance policy for a former senior executive.

 

During 2013, 2012 and 2011, we recognized income of $3.3 million, $7.8 million and $7.6 million, respectively, in connection with certain retained liabilities that have terminated, associated with customer advances for construction from our disposed water properties.

 

During 2012 and 2011, we recognized $0.9 million and $1.5 million, respectively, in settlement proceeds related to litigation arising from businesses that the Company exited several years ago.