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Employee Benefit Plans (Tables)
12 Months Ended
Dec. 31, 2013
Weighted Average Discount Rate [Line Items]  
Projected benefit obligations and plan assets of the pension plans
The following table shows the projected benefit obligations and plan assets of the Pension Plans (in thousands):
 
December 31,
2013
 
December 31,
2012
Change in projected benefit obligation:
 
 
 
Projected benefit obligation at beginning of year
$
28,357

 
$
26,767

Service cost
577

 
596

Interest cost
1,047

 
1,134

Actuarial (gains) losses
(3,022
)
 
1,436

Benefits paid
(968
)
 
(2,193
)
Currency translation adjustment
(1,955
)
 
617

Projected benefit obligation at end of year
24,036

 
28,357

Change in fair value of plan assets:
 
 
 
Fair value of plan assets at beginning of year
22,727

 
21,008

Employer contributions
1,144

 
1,297

Actual return on plan assets
4,397

 
2,123

Benefits paid
(968
)
 
(2,193
)
Currency translation adjustment
(1,718
)
 
492

Fair value of plan assets at end of year
25,582

 
22,727

Funded status:
$
1,546

 
$
(5,630
)
Accumulated benefit obligation at end of year
$
22,687

 
$
26,725

Components of the net periodic benefit cost related to the pension plans
The following table summarizes the components of the net periodic benefit cost related to the Pension Plans (in thousands):
 
Year Ended December 31, 2013
 
Year Ended December 31, 2012
 
Year Ended December 31, 2011
Service cost
$
577

 
$
596

 
$
742

Interest cost
1,047

 
1,134

 
1,494

Expected return on plan assets
(1,298
)
 
(1,263
)
 
(1,585
)
Settlement loss

 
(55
)
 
703

Other
186

 
118

 

Net periodic benefit cost
$
512

 
$
530

 
$
1,354

Estimate of benefit payments from the pension plans
We estimate that benefit payments from the Pension Plans will be as follows for the years 2014 – 2023 (in thousands):
Year
 
Estimated
Benefit Payments
2014
 
$
1,636

2015
 
$
1,826

2016
 
$
1,999

2017
 
$
2,039

2018
 
$
1,808

2019 - 2023
 
$
8,732

Target allocation of plan assets
The following table shows the value of each category of plan assets at December 31, 2013 and 2012 and the target investment allocation under our investment policy at December 31, 2013:
 
Asset Value at
December 31,
2013
(in thousands)
 
Asset Value at
December 31,
2012
(in thousands)
 
Actual
Allocation at
December 31,
2013
 
Normal
Allocation
Per
Investment
Policy
 
Minimum
Allocation
Per
Investment
Policy
 
Maximum
Allocation
Per
Investment
Policy
Cash and cash equivalents
$
171

 
$

 
0.7
%
 
%
 
0.0
%
 
10.0
%
Pooled funds—fixed income
8,381

 
8,018

 
32.8
%
 
40.0
%
 
32.5
%
 
47.5
%
Pooled funds—Canadian equities
8,324

 
7,391

 
32.5
%
 
30.0
%
 
22.5
%
 
37.5
%
Pooled funds—non-Canadian equities
8,706

 
7,318

 
34.0
%
 
30.0
%
 
22.5
%
 
37.5
%
Total
$
25,582

 
$
22,727

 
 
 
 
 
 
 
 
Fair value of pension plan assets
he following information discloses the fair values of our Pension Plan assets, by asset category, for the periods indicated (in thousands):
 
December 31, 2013
 
December 31, 2012
 
Quoted Price in Active Markets for Identical Assets (Level 1)
Significant Observable Inputs (Level 2)
Significant Unobservable Inputs (Level 3)
 
Quoted Price in Active Markets for Identical Assets (Level 1)
Significant Observable Inputs (Level 2)
Significant Unobservable Inputs (Level 3)
Cash and cash equivalents
$
171

$

$

 
$

$

$

Fixed income mutual funds (a)

8,381


 

8,018


Equity mutual funds (a)

17,030


 

14,709


Total
$
171

$
25,411

$

 
$

$
22,727

$

(a) Mutual funds are valued daily in actively traded markets by an independent custodian for the investment manager. For purposes of calculating the value, portfolio securities and other assets for which market quotes are readily available are valued at market value. Market value is generally determined on a basis of last reported sales prices, or if no sales are reported, based on quotes obtained from a quotation reporting system, established market makers, or pricing services. Investments initially valued in currencies other than the U.S. dollar are converted to the U.S. dollar using exchange rates obtained from pricing services.
Projected benefit obligation assumptions [Member]
 
Weighted Average Discount Rate [Line Items]  
Schedule of Assumptions Used [Table Text Block]
The following table sets forth the assumptions used to determine the projected benefit obligation of the Pension Plans for the periods indicated:
 
Year Ended December 31, 2013
 
Year Ended December 31, 2012
Discount rate
4.70
%
 
3.90
%
Compensation increase rate
3.50
%
 
3.50
%
Net periodic benefit cost assumptions [Member]
 
Weighted Average Discount Rate [Line Items]  
Schedule of Assumptions Used [Table Text Block]
The following table sets forth the assumptions used to determine net periodic benefit cost related to the Pension Plans for the periods indicated:
 
Year Ended December 31, 2013
 
Year Ended December 31, 2012
 
Year Ended December 31, 2011
Discount rate
3.90
%
 
4.25
%
 
5.25
%
Expected long-term rate of return on plan assets
6.00
%
 
6.00
%
 
6.75
%
Compensation increase rate
3.50
%
 
3.50
%
 
3.50
%