Common use of Accrued Expenses Clause in Contracts

Accrued Expenses. Accrued expenses consist of the following at June 30, 1995 and 1994: 1995 1994 Salaries, wages, and employee benefits $ 5,100,000 $ 2,821,000 Pension costs 2,148,000 1,697,000 Taxes, other than income taxes 1,459,000 1,276,000 Interest expense 507,000 41,000 Current estimated phase-out costs of steel fabrication operations 2,000,000 1,000,000 Other 1,870,000 537,000 ------------- ------------ $ 13,084,000 $ 7,372,000 ============= ============