Note 9: OTHER LONG-TERM LIABILITIES
Other long-term
liabilities were as follows at November 30:
| (In thousands) |
2008 |
2007 |
|
| Accrued pension cost |
$ 39,261 |
$ 23,345
|
| Taxes payable |
7,393 |
— |
| Compensation and benefits |
3,206 |
3,336 |
| Other |
190 |
1,733 |
| |
|
| |
$ 50,050 |
$ 44,154 |
|
|
During 2008, the Company adopted FIN 48 which resulted in a
reclassification of $7,393,000 of tax reserves related to uncertain tax
positions for which a cash payment is not expected within the next 12
months to noncurrent liabilities. |