Other Employee Benefit Plans

12 Months Ended

Dec. 31, 2011

Compensation and Retirement Disclosure [Abstract]

Other Employee Benefit Plan

Other Employee Benefit Plans

Employee 401(k) Plans

The Company has a 401(k) Savings and Retirement Plan (the “Plan”) to provide for voluntary salary deferral contributions on a pre-tax basis for employees within the United States in accordance with Section 401(k) of the Internal Revenue Code of 1986, as amended. The Plan allows for contributions by the Company. The Company made and expensed matching contributions of $7.5 million, $4.9 million and $4.4 million for the years ended December 31, 2011, 2010 and 2009, respectively.

Pension Plans

The Company previously offered most of the employees outside the United States participation in a defined benefit pension plan that has been curtailed. In addition, the Company provides a Supplemental Executive Retirement Plan (the “SERP”) for certain officers of the Company based in the United States.

The Company has recorded the minimum pension liability to accumulated other comprehensive earnings and the estimated benefit to be paid in 2012 has been reported in other current liabilities. The measurement date used for the pension plans is December 31.

Amounts recognized in other comprehensive earnings during the years ended December 31, 2011, 2010 and 2009, net of tax, are as follows (in thousands):

	Year Ended December 31,
	2011			2010			2009
Net earnings (loss)	$	(1,410	)	$	396		$	493
Prior service cost	297			297			313
Transition obligation	—			(29		)	(25		)
	$	(1,113	)	$	664		$	781

Note 16. Other Employee Benefit Plans—(Continued)

Components of accumulated other comprehensive earnings (loss) related to the Company’s pension plans as of December 31, 2011 and 2010 are as follows (in thousands):

	December 31,
	2011			2010
Net loss	$	(4,949	)	$	(3,539	)
Prior service cost	(923		)	(1,220		)
	$	(5,872	)	$	(4,759	)

A summary of the components of the net periodic pension expense for the benefit obligation and fund assets of the plans is as follows (in thousands):

	Year Ended December 31,
	2011			2010
Change in benefit obligation:
Benefit obligation at January 1	$	20,564		$	22,220
Service costs	205			142
Interest costs	1,047			1,135
Actuarial loss (gain)	2,697			1,319
Benefits paid	(436		)	(4,541		)
Foreign currency exchange changes	(98		)	289
Benefit obligation at December 31	$	23,979		$	20,564
Fair value of plan assets at December 31	$	—		$	—
Unfunded status at December 31	$	23,979		$	20,564
Amounts recognized in the Consolidated Balance Sheets:
Current liabilities	$	401		$	420
Non-current liabilities	$	23,578		$	20,144

The weighted average assumptions used are as follows:

	Year Ended December 31,
	2011		2010
Net periodic benefit cost:
SERP:
Discount rate	5.15	%	5.50	%
Rate of increase in compensation levels	5.00	%	5.00	%
Defined benefit pension plan for employees outside the United States:
Discount rate	3.40	%	4.70	%
Funded status and projected benefit obligation:
SERP:
Discount rate	4.00	%	5.15	%
Rate of increase in compensation levels	5.00	%	5.00	%
Defined benefit pension plan for employees outside the United States:
Discount rate	3.40	%	4.70	%

The discount rates used are based upon publicly listed indices for instruments with average maturities estimated to be consistent with the respective obligations.

A pension liability of $9.4 million and $7.6 million as of December 31, 2011 and 2010, respectively, have been recognized for the pension plans representing the excess of the unfunded accumulated benefit obligation over the accrued pension costs.

Note 16. Other Employee Benefit Plans—(Continued)

Benefits expected to be paid under the plans are approximately (in thousands):

2012	$	525
2013	13,714
2014	490
2015	500
2016	498
Five years thereafter	7,427
	$	23,154

Components of net periodic benefit cost are as follows (in thousands):

	Year Ended December 31,
	2011		2010		2009
Service costs	$	205	$	142	$	125
Interest costs	1,047		1,135		1,085
Net amortization and deferral	903		967		1,045
Settlement loss	—		1,392		—
Net periodic pension costs	$	2,155	$	3,636	$	2,255

Components of net periodic benefit cost expected to be recognized from amounts in accumulated other comprehensive earnings (loss) during the year ending December 31, 2012 are as follows (in thousands):

	Year Ending December 31, 2012
Net loss	$	445
Net prior service cost	297
	$	742