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 $4.9 million, $5.8 million and $7.5 million for the years ended December 31, 2013, 2012 and 2011, 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 2014 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, 2013, 2012 and 2011, net of tax, are as follows (in thousands):



	Year Ended December 31,
	2013		2012		2011
Net earnings (loss)	$	2,665	$	448	$	(1,410	)
Prior service cost	296		297		297
	$	2,961	$	745	$	(1,113	)


Note 16.	Other Employee Benefit Plans - (Continued)

Components of accumulated other comprehensive earnings related to the Company’s pension plans as of December 31, 2013 and 2012 are as follows (in thousands):



	December 31,
	2013			2012
Net loss	$	(1,836	)	$	(4,501	)
Prior service cost	(330		)	(626		)
	$	(2,166	)	$	(5,127	)

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,
	2013			2012
Change in benefit obligation:
Benefit obligation at January 1	$	24,932		$	23,979
Service costs	254			267
Interest costs	883			936
Actuarial (gain) loss	(296		)	(158		)
Benefits paid	(13,292		)	(417		)
Foreign currency exchange changes	70			325
Benefit obligation at December 31	$	12,551		$	24,932
Fair value of plan assets at December 31	$	—		$	—
Unfunded status at December 31	$	12,551		$	24,932
Amounts recognized in the Consolidated Balance Sheets:
Current liabilities	$	383		$	409
Non-current liabilities	$	12,168		$	24,523

The weighted average assumptions used are as follows:



	Year Ended December 31,
	2013		2012
Net periodic benefit cost:
SERP:
Discount rate	3.75	%	4.00	%
Rate of increase in compensation levels	3.00	%	5.00	%
Defined benefit pension plan for employees outside the United States:
Discount rate	3.50	%	2.75	%
Funded status and projected benefit obligation:
SERP:
Discount rate	4.75	%	3.75	%
Rate of increase in compensation levels	3.00	%	3.00	%
Defined benefit pension plan for employees outside the United States:
Discount rate	3.50	%	2.75	%

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 $3.4 million and $8.1 million as of December 31, 2013 and 2012, 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):



2014	$	382
2015	397
2016	393
2017	391
2018	376
Five years thereafter	13,881
	$	15,820

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



	Year Ended December 31,
	2013		2012		2011
Service costs	$	254	$	267	$	205
Interest costs	883		936		1,047
Net amortization and deferral	1,111		1,205		903
Settlement loss	3,305		—		—
Net periodic pension costs	$	5,553	$	2,408	$	2,155

Components of net periodic benefit cost expected to be recognized from amounts in accumulated other comprehensive earnings during the year ending December 31, 2014 are as follows (in thousands):



	Year Ending December 31, 2014
Net loss	$	107
Net prior service cost	160
	$	267