Other Long-Term Obligations

12 Months Ended

Dec. 31, 2014

Other Liabilities Disclosure [Abstract]

Other Liabilities Disclosure

Other Long-Term Obligations

Other long-term obligations as of December 31, 2014 and 2013 consist of the following (in thousands):

	2014		2013
Supplemental Executive Retirement Plan liability	$	6,067	$	27,049
Product liability	18,860		17,185
Deferred income taxes	30,423		36,328
Deferred compensation	5,667		11,679
Uncertain tax obligation including interest	15,160		15,524
Other	12,628		10,511
Total long-term obligations	$	88,805	$	118,276

The decrease in the SERP liability in 2014 is the result of a reclassification of this liability from Current Liabilities to Other Long-Term Obligations due to the retirement of four executives of the Company. Deferred compensation payments of $2,545,000 were made during 2014 related to those former executives. Furthermore, based on the retirement agreements for the same executives, the Company estimates SERP payments of $21,126,000 as well as deferred compensation payments of $3,527,000 will be made by the end of the third quarter of 2015, which will negatively impact the operating cash flows of the Company.