|9 Months Ended|
Sep. 30, 2016
|POST-RETIREMENT OBLIGATIONS [Abstract]|
16. POST-RETIREMENT OBLIGATIONS
In January 2008 an amended retirement agreement was entered into with Mr. Hatem El Khalidi; however, on May 9, 2010, the Board of Directors terminated the agreement due to actions of Mr. El Khalidi. See Notes 13 and 19. All amounts which have not met termination dates remain recorded until a resolution is achieved. As of September 30, 2016, and 2015, approximately $1.0 million remained outstanding and was included in post-retirement benefits.
See the Company’s Annual Report on Form 10-K for the year ended December 31, 2015, for additional information.
The entire disclosure for pension and other postretirement benefits.
Reference 1: http://www.xbrl.org/2003/role/presentationRef