XML 72 R57.htm IDEA: XBRL DOCUMENT v3.3.1.900
Defined Benefit Pension Plan and Postretirement Benefits (Tables)
12 Months Ended
Dec. 31, 2015
Compensation and Retirement Disclosure [Abstract]  
Reconciliation of the Change in the Benefit Obligation

The following table provides a reconciliation of the change in the benefit obligation for the Pension Plans and the net amount recognized, included in “Other long-term liabilities”, in the accompanying Consolidated Balance Sheets (in thousands):

 

     December 31,  
     2015     2014  

Beginning benefit obligation

   $ 3,100      $ 2,481   

Service cost

     433        387   

Interest cost

     135        104   

Actuarial (gains) losses

     (121 )      50   

Effect of foreign currency translation

     (138 )      78   
  

 

 

   

 

 

 

Ending benefit obligation

   $ 3,409      $ 3,100   
  

 

 

   

 

 

 
    

Unfunded status

     (3,409 )      (3,100 ) 
  

 

 

   

 

 

 

Net amount recognized

   $ (3,409 )    $ (3,100 ) 
  

 

 

   

 

 

 
Benefit Obligations and Net Periodic Benefit Cost for the Pension Plans

The actuarial assumptions used to determine the benefit obligations and net periodic benefit cost for the Pension Plans were as follows:

 

     Years Ended December 31,
         2015            2014            2013    

Discount rate

   5.0 - 5.4%    4.5 - 4.9%    4.3 - 5.2%

Rate of compensation increase

   2.0%    2.0%    2.0%
Net Periodic Benefit Cost and Other Accumulated Comprehensive Income for Pension Plans

The following table provides information about the net periodic benefit cost and other accumulated comprehensive income for the Pension Plans (in thousands):

 

     Years Ended December 31,  
     2015     2014     2013  

Service cost

   $ 433      $ 387      $ 392   

Interest cost

     135        104        137   

Recognized actuarial (gains)

     (41 )      (50 )      (60 ) 
  

 

 

   

 

 

   

 

 

 

Net periodic benefit cost

     527        441        469   

Unrealized net actuarial (gains), net of tax

     (1,029 )      (1,008 )      (1,150 ) 
  

 

 

   

 

 

   

 

 

 

Total amount recognized in net periodic benefit cost and other accumulated comprehensive income (loss)

   $ (502 )    $ (567 )    $ (681 ) 
  

 

 

   

 

 

   

 

 

 
Estimated Future Benefit Payments for Expected Future Service

The estimated future benefit payments, which reflect expected future service, as appropriate, are as follows (in thousands):

 

Years Ending December 31,

   Amount  

2016

   $ 143   

2017

     69   

2018

     45   

2019

     253   

2020

     157   

2021 - 2025

     964   
Company's Contributions to Employee Retirement Savings Plans

The Company’s contributions included in the accompanying Consolidated Statements of Operations were as follows (in thousands):

 

     Years Ended December 31,  
     2015      2014      2013  

401(k) plan contributions

   $ 832       $ 870       $ 895   
  

 

 

    

 

 

    

 

 

 
Post-Retirement Benefit Obligation and Unrealized Gain (Losses)

The postretirement benefit obligation included in “Other long-term liabilities” and the unrealized gains (losses) included in “Accumulated other comprehensive income” in the accompanying Consolidated Balance Sheets were as follows (in thousands):

 

     December 31,  
     2015      2014  

Postretirement benefit obligation

   $ 37       $ 46   

Unrealized gains (losses) in AOCI (1)

     267         342   

 

(1)

Unrealized gains (losses) are due to changes in discount rates related to the postretirement obligation.