Employee Benefit Plans

12 Months Ended

Dec. 31, 2013

Employee Benefit Plans

Employee Benefit Plans

Note 12.  Employee Benefit Plans

(a)    Defined Contribution Plan

        The Company maintains the Axcelis Long-Term Investment Plan, a defined contribution plan. All regular employees are eligible to participate and may contribute up to 35% of their compensation on a before-tax basis subject to Internal Revenue Service ("IRS") limitations. Highly compensated employees may contribute up to 16% of their compensation on a before-tax basis subject to IRS limitations. The Company does not match contributions; therefore, no expense was recorded for this plan in 2013, 2012 or 2011.

(b)    Other Compensation Plans

        The Company operates in foreign jurisdictions that require lump sum benefits, payable based on statutory regulations, for voluntary or involuntary termination. Where required, an annual actuarial valuation of the benefit plans is obtained.

        The Company has recorded an unfunded liability of $4.1 million and $4.5 million at December 31, 2013 and 2012, respectively, for costs associated with these compensation plans in foreign jurisdictions. The following table presents the classification of these liabilities in the Consolidated Balance Sheets:

	Year Ended December 31,
	2013		2012
	(in thousands)
Current:
Accrued compensation	$	638	$	1,475
Total current liabilities	$	638	$	1,475
Long-term:
Other long-term liabilities	$	3,416	$	3,042
Total liabilities	$	4,054	$	4,517

        The expense recorded in connection with these plans was $0.6 million, $0.6 million and $0.7 million during the years ended December 31, 2013, 2012 and 2011, respectively.