XML 64 R14.htm IDEA: XBRL DOCUMENT v2.4.0.8
Defined Benefit Pension Plan
6 Months Ended
Jun. 30, 2013
Compensation And Retirement Disclosure [Abstract]  
Defined Benefit Pension Plan

8. Defined Benefit Pension Plan

Our German subsidiary maintains an unfunded defined benefit pension plan which covers substantially all employees who joined the company prior to the plan’s closure to new participants in 2006. Participants are entitled to benefits in the form of retirement, disability and surviving dependent pensions. Benefits generally depend on years of service and the salary of the employees.

The components of net periodic benefit cost included in the accompanying condensed consolidated statements of income were as follows (in thousands):

 

     Three Months Ended
June  30,
     Six Months Ended
June  30,
 
     2013      2012      2013      2012  

Service cost

   $ 30       $ 20       $ 59       $ 41   

Interest cost

     40         43         79         88   
  

 

 

    

 

 

    

 

 

    

 

 

 

Net periodic benefit cost

   $ 70       $ 63       $ 138       $ 129