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Other Assets
12 Months Ended
Dec. 31, 2020
Other Assets [Abstract]  
Other Assets [Text Block]
Note 18 – Other Non-Current Assets
Other non-current assets as of December 31, 2020
 
and 2019 were as follows:
2020
2019
Uncertain tax positions
$
7,209
$
4,993
Pension assets
 
6,748
 
 
Debt issuance costs
5,919
7,571
Indemnification assets
7,615
4,006
Supplemental retirement income program
 
1,961
 
 
1,782
Restricted insurance settlement
 
19,678
Other
2,344
2,403
Total other
 
assets
$
31,796
 
$
40,433
During December 2020, the restrictions lapsed over certain
 
cash that was previously only designated to be used for settlement
 
of
asbestos claims at an inactive subsidiary of the Company.
 
As of December 31, 2020 and 2019, indemnification assets relates to
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.
 
As of December 31, 2020, one of the Company’s
foreign 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 Notes 10, 12, 21 and 22 of Notes to Consolidated Financial
 
Statements.