Quarterly report pursuant to Section 13 or 15(d)

Commitments, Contingencies and Other Liabilities

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Commitments, Contingencies and Other Liabilities
3 Months Ended
Mar. 31, 2014
Commitments, Contingencies and Other Liabilities  
Commitments, Contingencies and Other Liabilities

(10)                          Commitments, Contingencies and Other Liabilities

 

The Company is involved in litigation and similar claims incidental to the conduct of its business. Matters that are probable of unfavorable outcome to the Company and which can be reasonably estimated are accrued. Such accruals are based on information known about the matters, management’s estimate of the outcomes of such matters and experience in contesting, litigating and settling similar matters.  In management’s opinion, none of the pending actions is likely to have a material adverse impact on the Company’s financial position or results of operations.