Other Assets

12 Months Ended

Dec. 31, 2011

Other Assets [Abstract]

Other Assets [Text Block]

Note 20 – Other Assets

Other assets comprise:

	December 31,
	2011		2010
Restricted insurance settlement	$	27,720	$	29,480
Pension assets		0		3,474
Deferred compensation assets		945		1,068
Supplemental retirement income program		1,508		2,033
Uncertain tax positions		1,842		2,846
Other		3,341		3,660
Total	$	35,356	$	42,561

In December 2005, an inactive subsidiary of the Company reached a settlement agreement and release with one of its insurance carriers for $15,000. In accordance with the agreement, the subsidiary received $7,500 cash in December 2005 and the remaining $7,500 in December of 2006. In the first quarter of 2007, the subsidiary reached a settlement agreement and release with another one of its insurance carriers for $20,000 payable in four annual installments of $5,000, the final of which was received in the first quarter of 2010. The proceeds of both settlements are restricted and can only be used to pay claims and costs of defense associated with the subsidiary's asbestos litigation. The proceeds of the settlement and release agreements have been deposited into interest bearing accounts which earned approximately $80 and $122 in2011 and 2010, respectively, offset by $1,840 and $1,640 of payments in 2011 and 2010, respectively. Due to the restricted nature of the proceeds, a corresponding deferred credit was established in “Other non-current liabilities” for an equal and offsetting amount, and will remain until the restrictions lapse or the funds are exhausted via payments of claims and costs of defense. See Notes 21 and 22 of Notes to Consolidated Financial Statements.