Other Liabilities

3 Months Ended

Mar. 31, 2026

Note 14 – Other Liabilities

Other liabilities are summarized as follows:



	March 31,		December 31,
(Dollars in thousands)	2026		2025
Current liabilities
Accrued pension	$	583	$	575
Security deposit payable		165		165
Other		34		34
Other current liabilities	$	782	$	774
Other liabilities
Lease make-good provision		6,458		6,284
Accrued pension		1,541		1,747
Deferred rent liability		3,531		3,439
Environmental reserve		1,656		1,656
Other non-current liabilities	$	13,186	$	13,126

Pension Liability – Supplemental Executive Retirement Plan

Details of our Supplemental Executive Retirement Plan are disclosed in Note 14 – Pension and Other Liabilities in our 2025 Form 10-K.

Included in our current and non-current liabilities are accrued pension costs of $2.1 million on March 31, 2026. The benefits of our pension plan are fully vested and therefore no service costs were recognized for the quarter ended March 31, 2026, or 2025. Our pension plan is unfunded.

During the quarter ended March 31, 2026, the interest cost was $30,000, and the actuarial loss was $52,000. During the quarter ended March 31, 2025, the interest cost was $37,000 and the actuarial loss was $51,000.