Other Assets

12 Months Ended

Dec. 31, 2019

Other Assets [Abstract]

Other Assets [Text Block]

Note 18 – Other Non-Current Assets

Other non-current assets as of December 31, 2019 and 2018 were as follows:

	2019		2018
Restricted insurance settlement	$	19,678	$	20,278
Debt issuance costs		7,571		—
Indemnification assets		4,006		—
Uncertain tax positions		4,993		4,861
Supplemental retirement income program		1,782		1,491
Pension assets		—		3,656
Other		2,403		1,769
Total other assets	$	40,433	$	32,055

As of December 31, 2019, indemnification assets relates to tax position of certain Houghton foreign subsidiaries for which the Company expects it will incur additional tax amounts which are subject to indemnification under the terms of the Combination share and purchase agreement. These indemnification assets have a corresponding uncertain tax position recorded in other non-current liabilities. Additionally, during 2019 the Company capitalized certain third-party debt issuance costs in connection with executing the New Credit Facility for which amounts attributed to the revolver are included within the table above. See Notes 10, 20 and 22 of Notes to Consolidated Financial Statements.

As of December 31, 2018, 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. As of December 31, 2019, as a result of the plan termination expected to be finalized in early 2020, the plan was valued on a basis where plan liabilities approximate the estimated expected payouts resulting from plan termination and therefore this pension plan is no longer in an over-funded position on this basis. See also Note 21 of Notes to Consolidated Financial Statements.