v3.26.1
Other Liabilities
 6 Months Ended
Jun. 30, 2026
Other Liabilities [Abstract]  
Other Liabilities Note 14 – Other Liabilities

Other liabilities are summarized as follows:

June 30,

December 31,

(Dollars in thousands)

2026

2025

Current liabilities

Accrued pension

$

583

$

575

Security deposit payable

130

165

Other

32

34

Other current liabilities

$

745

$

774

Other liabilities

Lease make-good provision

6,500

6,284

Accrued pension

1,398

1,747

Deferred rent liability

3,713

3,439

Environmental reserve

1,656

1,656

Other non-current liabilities

$

13,267

$

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 $2.0 million on June 30, 2026. The benefits of our pension plan are fully vested and therefore no service costs were recognized for the quarter and six months ended June 30, 2026, or 2025. Our pension plan is unfunded.

During the quarter and six months ended June 30, 2026, the interest cost was $28,000, and $58,000 respectively, and the actuarial loss was $52,000 and $104,000, respectively. During the quarter and six months ended June 30, 2025, the interest cost was $35,000 and $72,000, respectively, and the actuarial loss was $52,000, and $103,000, respectively.