Other Assets

12 Months Ended

Dec. 31, 2017

Note 15 – Other Assets

Other assets as of December 31, 2017 and 2016 were as follows:

	2017		2016
Restricted insurance settlement	$	21,171	$	21,883
Uncertain tax positions		4,543		3,892
Supplemental retirement income program		1,594		1,410
Pension assets		1,184		—
Other		1,557		1,567
Total other assets	$	30,049	$	28,752

As of December 31, 2017, one of the Company’s U.S. pension plan’s fair value of plan assets exceeded its gross benefit obligation and was therefore over-funded, which is represented by the line Pension assets in the table above. See also Notes 18 of Notes to Consolidated Financial Statements.

Previously, an inactive subsidiary of the Company executed separate settlement and release agreements with two of its insurance carriers for $35.0 million, of which $21.2 million remains. 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 less than $0.1 million in the years ended December 31, 2017 and 2016, respectively, offset by $0.8 million and $1.0 million of net payments in 2017 and 2016, 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 also Notes 19 and 23 of Notes to Consolidated Financial Statements.