Note 6 - Pension, Post-Retirement and Post-Employment Plans

9 Months Ended

Sep. 30, 2014

Compensation and Retirement Disclosure [Abstract]

Pension and Other Postretirement Benefits Disclosure [Text Block]

6. PENSION, POST-RETIREMENT AND POST-EMPLOYMENT PLANS

The components of net periodic pension and postretirement benefit costs for the Successor and Predecessor Quarterly and Nine Month Periods are as follows:

	For the three months ended September 30,												For the nine months ended September 30,
	2014						2013						2014						2013
	(Successor)						(Predecessor)						(Successor)						(Predecessor)
Pension & SERP Benefits:	Domestic			Foreign			Domestic			Foreign			Domestic			Foreign			Domestic			Foreign
Net periodic cost (benefit):
Service cost	$	-		$	208		$	1,078		$	174		$	-		$	627		$	3,234		$	522
Interest cost on the projected benefit obligation		1,727			761			1,565			768			5,183			2,284			4,695			2,304
Expected return on plan assets		(2,432	)		(907	)		(2,005	)		(1,283	)		(7,298	)		(2,718	)		(6,015	)		(3,849	)
Amortization of prior service cost		-			-			23			-			-			-			69			-
Amortization of net loss		-			-			505			135			-			-			1,515			405
Net periodic (benefit) cost	$	(705	)	$	62		$	1,166		$	(206	)	$	(2,115	)	$	193		$	3,498		$	(618	)

	For the three months ended September 30,									For the nine months ended September 30,
	2014				2013					2014				2013
	(Successor)				(Predecessor)					(Successor)				(Predecessor)
Postretirement Benefits:	Domestic		Foreign		Domestic			Foreign		Domestic		Foreign		Domestic			Foreign
Net periodic cost (benefit):
Service cost	$	13	$	6	$	18		$	11	$	41	$	20	$	54		$	33
Interest cost on the projected benefit obligation		82		8		73			10		248		24		219			30
Amortization of prior service cost		-		-		(35	)		7		-		-		(105	)		21
Net periodic cost	$	95	$	14	$	56		$	28	$	289	$	44	$	168		$	84

No domestic pension service cost was recognized in the Successor Quarterly or Nine Month Periods, nor will be in future periods, as benefits in the domestic pension plan were frozen in connection with the MacDermid Acquisition.