XML 33 R23.htm IDEA: XBRL DOCUMENT v3.10.0.1
Employee benefit plan
 6 Months Ended
Jun. 30, 2018
Retirement Benefits [Abstract]  
Employee benefit plan
Employee benefit plan
In accordance with labor law regulations in Mexico, certain employees are legally entitled to receive severance that is commensurate with the tenure they had with us at the time of termination without cause, which results in an unfunded benefit obligation. There were no plan assets as of June 30, 2018 or December 31, 2017 as contributions are made only to the extent benefits are paid.
The following table presents the components of net periodic pension (benefit) cost for the three and six months ended June 30, 2018 and 2017 ($ in thousands):
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2018
 
2017
 
2018
 
2017
Service cost
$
176

 
$
201

 
$
350

 
$
359

Interest cost
89

 
79

 
176

 
147

Effect of foreign exchange rates
(320
)
 
220

 
25

 
592

Amortization of prior service cost
(77
)
 
—

 
(52
)
 
—

Amortization of gain
(4
)
 
(7
)
 
(10
)
 
(15
)
Compensation-non-retirement post employment benefits
14

 
1

 
18

 
5

Settlement gain
—

 
—

 
—

 
(7
)
Net periodic pension (benefit) cost
$
(122
)
 
$
494

 
$
507

 
$
1,081



The service cost component of net periodic pension (benefit) cost is recorded within direct expense in the Condensed Consolidated Statements of Operations and Comprehensive Income (Loss). The non-service cost components of net periodic pension cost are recorded within other income (expense) for all periods presented.