Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2014

Estimated Funded Status

The tables below set forth the Company’s estimated funded status as of December 31, 2014 and 2013:

(In thousands)	2014			2013
Change in benefit obligation:
Benefit obligation at beginning of year	$	9,855		$	12,607
Service cost	64			98
Interest cost	111			122
Actuarial loss (gain)	336			(158		)
Benefits paid	(922		)	(1,072		)
Foreign exchange impact	(962		)	(1,742		)
Benefit obligation at end of year	8,482			9,855
Change in plan assets:
Fair value of plan assets at beginning of year	384			382
Return on plan assets	9			5
Employer contributions	9			9
Foreign exchange impact	(22		)	(12		)
Fair value of plan assets at end of year	380			384
Funded status:
Plan assets less than benefit obligation - Net amount recognized	$	(8,102	)	$	(9,471	)

Amounts Recognized in Consolidated Balance Sheet

Amounts recognized in the consolidated balance sheets consist of:

(In thousands)	2014			2013
Noncurrent liability	$	(8,102	)	$	(9,471	)
Accumulated other comprehensive loss, net of taxes	1,007			857

Amounts Recognized in Accumulated Other Comprehensive Loss Net of Tax

Amounts recognized in accumulated other comprehensive loss, net of tax consist of:

(In thousands)	2014			2013
Net actuarial loss	$	1,043		$	811
Prior service cost	227			259
Unrecognized transition obligation	(9		)	(11		)
Gross amount recognized	1,261			1,059
Deferred income taxes	(254		)	(202		)
Net amount recognized	$	1,007		$	857

Pension Plans Accumulated Benefit Obligation in Excess of Plan Assets

Information for pension plans with an accumulated benefit obligation in excess of plan assets:

(In thousands)	2014		2013
Projected benefit obligation	$	8,482	$	9,855
Accumulated benefit obligation	7,180		8,651
Fair value of plan assets	380		384

Components of Net Periodic Benefit Cost

The components of the net periodic benefit cost for the years ended December 31, 2014, 2013 and 2012 were as follows:

(In thousands)	2014			2013			2012
Pension benefits:
Service cost	$	64		$	98		$	89
Interest cost	111			122			163
Expected return on plan assets	(8		)	(7		)	(7		)
Amortization of prior service cost	18			19			19
Amortization of net transition obligation	(1		)	(1		)	(1		)
Amortization of plan loss	22			219			20
Recognized actuarial net loss	7			8			1
Acquisition	—			—			—
Curtailments	—			—			—
Net periodic pension benefit cost	$	213		$	458		$	284

Estimated Amount Amortized from Accumulated Other Comprehensive Income Into Net Periodic Benefit Cost

The estimated amount that will be amortized from accumulated other comprehensive income into net periodic benefit cost in 2015 is as follows:

(In thousands)
Transition obligation	$	(1	)
Prior service cost	17
Net actuarial loss	44
	$	60

Assumptions Used in Determining Benefit Obligation and Net Periodic Benefit Cost for Pension Plans

Assumptions used in determining the benefit obligation and net periodic benefit cost for the Company’s pension plans for the years ended December 31, 2014, 2013 and 2012 are presented in the following table as weighted-averages:

	2014		2013		2012
Benefit obligations:
Discount rate	1.13	%	1.23	%	1.19	%
Rate of compensation increase	4.41	%	4.10	%	4.18	%
Net periodic benefit cost:
Discount rate	1.83	%	1.41	%	1.80	%
Rate of compensation increase	3.38	%	2.01	%	2.84	%
Expected return on plan assets	1.35	%	0.70	%	1.14	%

Fair Value Measurements of Pension Plan Assets

The fair value measurements of the Company’s pension plan assets at December 31, 2014, by asset category are as follows:

(In thousands)			Quoted prices in active markets for identical assets		Significant observable inputs	Significant unobservable inputs
Asset category	Total		(Level 1)		(Level 2)	(Level 3)
Taiwan plan assets (a)	$	380	$	380	—	—
	$	380	$	380	—	—

(a) This category includes investments in the government of Taiwan’s pension fund. The government of Taiwan is responsible for the strategy and allocation of the investment contributions.

The fair value measurements of the Company’s pension plan assets at December 31, 2013, by asset category are as follows:

(In thousands)			Quoted prices in active markets for identical assets		Significant observable inputs	Significant unobservable inputs
Asset category	Total		(Level 1)		(Level 2)	(Level 3)
Taiwan plan assets (a)	$	384	$	384	—	—
	$	384	$	384	—	—

(a) This category includes investments in the government of Taiwan’s pension fund. The government of Taiwan is responsible for the strategy and allocation of the investment contributions.

Expected Contribution And Benefit Payments

The Company expects to make the following contributions and benefit payments:

(In thousands)	Contributions		Payments
2015	$	9	$	195
2016	—		129
2017	—		239
2018	—		264
2019	—		216
Years 2019-2023	—		2,297