Download 75 on its financial condition or liquidity due to the nature of known

on its financial condition or liquidity due to the nature of known environmental matters and the extended period of time during
which environmental remediation normally takes place.
The undiscounted reserve balance at the beginning of the year, the amounts expensed and paid, and the balance at the end
of the year for 2015 and 2014 are as follows:
(Thousands)
2015
Reserve balance at beginning of year.......................................................................... $
Expensed .....................................................................................................................
Paid..............................................................................................................................
Reserve balance at end of year.................................................................................... $
Ending balance recorded in:
Other liabilities and accrued items.............................................................................. $
Other long-term liabilities ...........................................................................................
2014
(4,922) $
(1,445)
653
(5,714) $
(4,809)
(275)
162
(4,922)
(620) $
(5,094)
(460)
(4,462)
The majority of spending in 2015 and 2014 was for various remediation projects at the Elmore, Ohio plant site.
Other
The Company is subject to various legal or other proceedings that relate to the ordinary course of its business. The Company
believes that the resolution of these proceedings, individually or in the aggregate, will not have a material adverse impact upon
the Company’s consolidated financial statements.
The Company has outstanding letters of credit totaling $38.0 million related to workers’ compensation, consigned precious
metal guarantees, environmental remediation issues, and other matters. The majority of the Company's outstanding letters of
credit expire in 2016 and are expected to be renewed.
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