Employee Benefit Plans

12 Months Ended

Dec. 31, 2015

Employee Benefit Plans

Employee Benefit Plans

Note 13. 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. In 2015, the Company implemented a matching contribution of up to one thousand U.S. dollars for eligible participants. Total related expense for 2015 was $0.4 million.

(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 $3.9 and $4.2 million at both December 31, 2015 and 2014, 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,
	2015		2014
	(in thousands)
Current:
Accrued compensation	$	857	$	837
Total current liabilities	$	857	$	837
Long-term:
Other long-term liabilities		3,052		3,323
Total liabilities	$	3,909	$	4,160

        The expense recorded in connection with these plans was $0.7 million, $0.7 million and $0.6 million during the years ended December 31, 2015, 2014 and 2013, respectively.