Annual report pursuant to Section 13 and 15(d)

Other Long-Term Liabilities

v2.4.0.8
Other Long-Term Liabilities
12 Months Ended
Sep. 30, 2014
Other Long-Term Liabilities  
Other Long-Term Liabilities

6.Other Long-Term Liabilities

 

 

September 30,

 

 

 

2014

 

2013

 

Casket pricing obligation

 

$

5.7

 

$

6.7

 

Self-insurance loss reserves

 

15.5

 

14.7

 

Horstmann litigation liability

 

 

8.7

 

Other

 

17.2

 

16.7

 

 

 

38.4

 

46.8

 

Less current portion

 

(4.6

)

(5.4

)

Total long-term portion

 

$

33.8

 

$

41.4

 

 

The casket pricing obligation is associated with a program for the future sale of caskets made in connection with prearranged funerals and was discontinued for arrangements made after December 31, 2004.  The remaining liability under the program is being recognized as a component of revenue as casket sales subject to the program are delivered and the obligation is satisfied.

 

The Horstmann litigation liability was offset by a corresponding indemnification receivable recorded in other assets for $8.7 at September 30, 2013.  This liability and corresponding indemnification receivable were reversed from the consolidated balance sheet in 2014.  See Note 11 for additional information.