SUBSEQUENT EVENTS

12 Months Ended

Dec. 31, 2015

Subsequent Events [Abstract]

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS:

In January 2016, the Company paid $12.7 million to a third party to retire outstanding debt for ACB (see Note 14).

In January 2016, Energenic and certain subsidiaries reached a multi-party settlement with the bondholders of the central energy center constructed to serve a hotel, casino and entertainment complex in Atlantic City, NJ (See Note 7). This agreement resolves all outstanding litigation and transfers ownership of the bondholders’ collateral to the owners of the entertainment complex.  The Company’s share of this settlement was $7.5 million which was accrued by Energenic as of December 31, 2015. Management of Energenic is currently in active settlement discussions and believes that this amount is recoverable from its insurance carrier and external legal advisors.