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Note 15 - Other Long-term Liabilities
 12 Months Ended
Dec. 31, 2016
Notes to Financial Statements  
Other Long-term Liabilities, Disclosure [Text Block]
15—OTHER
LONG-TERM LIABILITIES
 
Other long-term liabilities consist of the following:
 
    December 31,  
    2016     2015  
Provision for retirement indemnities (Japan & France), less current portion    
1,980
      
1,596
  
Provision for employee termination indemnities (Italy) less current portion    
320
      
310
  
Provision for warranty costs, less current portion    
201
      
141
  
Provision for Asset Retirement Obligation (Japan) less current portion    
80
      
-
  
Conditional government subsidies, less current portion    
237
      
237
  
Total    
2,818
      
2,285
  
 
Pension, post-retirement and post-employment benefits for most of the Company’s employees are sponsored by European governments. The Company’s liability with respect to these plans is mostly limited to specific payroll deductions.
 
In addition to government-sponsored plans, subsidiaries in Japan and France have defined benefit retirement indemnity plans in place. The provision for retirement indemnities at
December
31,
2016
represents an accrual for lump-sum retirement indemnity payments to be paid at the time an employee retires if he or she is still present at the Company at the date of retirement. This provision has been calculated taking into account the estimated payment at retirement (discounted to the current date), turnover and salary increases.
 
The provision is management best estimate based on the following assumptions as of year-end:
 
    Pension Benefits – France  
    2016     2015     2014  
                         
Discount rate    
1.60
 %    
2.20
 %    
1.90
 %
Salary increase    
2.50
 %    
2.50
 %    
2.50
 %
Retirement age    
65
      
65
      
65
  
Average retirement remaining service period    
24
      
24
      
24
  
 
    Pension Benefits – Japan  
    2016     2015     2014  
                         
Discount rate    
0.60
 %    
1.00
 %    
1.00
 %
Salary increase    
2.50
 %    
2.00
 %    
2.00
 %
Retirement age    
60
      
60
      
60
  
Average retirement remaining service period    
14
      
16
      
16
  
 
In
2016,
provision presentation according to ASC
715
in thousands of euros:
 
    France     Japan  
             
Non-current liabilities    
840
      
1,138
  
Current liabilities    
2
      
24
  
Accumulated other comprehensive income (loss)    
(169
 )    
(465
 )
Total    
673
      
697
  
 
In
2015,
provision presentation according to ASC
715
in thousands of euros:
 
    France     Japan  
             
Non-current liabilities    
694
      
902
  
Current liabilities    
-
      
4
  
Accumulated other comprehensive income (loss)    
(82
 )    
(314
 )
Total    
612
      
592
  
 
The Company does not have a funded benefit plan. Detailed reconciliation of pension cost components (in thousands of euros) during fiscal year for each of the
three
years ending
December
31,
2016:
 
France   2016     2015     2014  
Change in benefit obligations:                        
Benefit obligations at beginning of year    
694
      
665
      
491
  
Service cost    
45
      
46
      
35
  
Interest cost    
15
      
13
      
16
  
Actuarial (gain) / loss    
88
      
(30
 )    
123
  
Amortization of net prior service cost    
-
      
-
      
-
  
Benefits paid    
-
      
-
      
-
  
Benefit obligations at end of year
(1)
    
842
      
694
      
665
  
Unrecognized actuarial (gain) loss (2)    
147
      
58
      
89
  
Unrecognized prior service cost
(2)
    
23
      
24
      
25
  
Accrued pension cost    
672
      
612
      
550
  
 
(1)
The accumulated benefit obligation was
€597
thousand and
€474
thousand at
December
31,
2016
and
2015
respectively.
(2)
The amount in accumulated other comprehensive income (loss) to be recognised as components of net periodic benefit costs in
2017
is
€4
thousand.
 
Japan   2016     2015     2014  
Change in benefit obligations:                        
Benefit obligations at beginning of year    
906
      
742
      
640
  
Service cost    
81
      
72
      
64
  
Interest cost    
10
      
8
      
9
  
Amortization of net loss    
16
      
-
      
-
  
Actuarial (gain) / loss    
147
      
-
      
35
  
Benefits paid    
(38
 )    
-
      
(4
 )
Exchange rate impact    
40
      
84
      
(2
 )
Benefit obligations at end of year
(1)
    
1,162
      
906
      
742
  
Unrecognized actuarial (gain) loss (2)    
464
      
314
      
299
  
Unrecognized prior service cost
(2)
    
-
      
 
      
-
  
Accrued pension cost    
698
      
592
      
443
  
 
(1)
The accumulated benefit obligation was
€944
thousand and
€749
thousand at
December
31,
2016
and
2015,
respectively.
(2)
The amount in accumulated other comprehensive income (loss) to be recognised as components of net periodic benefit costs in
2016
is
€27
thousand.
 
The benefits expected to be paid in each of the next
five
fiscal years, and in the aggregate for the
five
fiscal years thereafter, are detailed in the table below:
 
    France     Japan  
             
2017    
2
      
24
  
2018    
28
      
44
  
2019    
10
      
56
  
2020    
-
      
7
  
2021    
86
      
56
  
2022-2026    
197
      
756