XML 55 R43.htm IDEA: XBRL DOCUMENT v3.8.0.1
Commitments and Contingencies (Tables)
12 Months Ended
Dec. 31, 2017
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Future Minimum Lease Payments for Operating Leases
The following table includes future minimum lease payments under capital leases together with the present value of the net minimum lease payments as of December 31, 2017:
(Dollars in thousands)
 
 
Year Ending December 31,
 
 
2018
 
$
756

2019
 
756

2020
 
737

2021
 
4,669

2022
 
76

Thereafter
 

Total
 
6,994

Less: Interest
 
(542
)
Present Value of Net Future Minimum Lease Payments
 
$
6,452

Schedule of Future Minimum Lease Payments for Capital Leases
The following table includes future minimum lease payments required under operating leases that have initial or remaining non-cancelable lease terms in excess of one year as of December 31, 2017:
(Dollars in thousands)
 
 
Year Ending December 31,
 
 
2018
 
$
3,833

2019
 
3,152

2020
 
2,461

2021
 
2,022

2022
 
1,527

Thereafter
 
474

Total
 
$
13,469

Operating and capital leases
The following table includes lease expense for the three years ended December 31, 2017:
 
For the Year Ended December 31,
(Dollars in thousands)
2017
 
2016
 
2015
Operating leases
$
3,819

 
$
3,567

 
$
3,531

Capital lease
$
608

 
$
564

 
$
667

Schedule of Liability for Unpaid Claims and Claims Adjustment Expense
The following table presents information about our recent asbestos claims activity:
 
For the Year Ended December 31,
 
2017
 
2016
Claims outstanding at beginning of year
605

 
489

New claims filed
362

 
288

Pending claims concluded*
(280
)
 
(172
)
Claims outstanding at end of year
687

 
605

* For the year ended December 31, 2017, 258 claims were dismissed and 22 claims were settled. For the year ended December 31, 2016, 155 claims were dismissed and 17 claims were settled. Settlements totaled approximately $5.0 million for the year ended December 31, 2017, compared to $4.4 million for the year ended December 31, 2016.
Schedule of Loss Contingencies by Contingency
For the years ended December 31, 2017 and 2016, our forecasted asbestos-related claims and insurance receivables for the 40 year projection period and 10 year projection period, respectively, were as follows:
(Dollars in millions)
2017
 
2016
Asbestos-related claims
$
76.2

 
$
52.0

Asbestos-related insurance receivables
$
69.2

 
$
48.4