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 $6.9 million, $4.9 million and $5.8 million for the years ended December 31, 2014, 2013 and 2012, 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 changes to the minimum pension liability to accumulated other comprehensive (loss) earnings and the estimated benefit to be paid in 2015 has been reported in other current liabilities. The remaining obligations are recorded in pension and other long-term liabilities. The measurement date used for the pension plans is December 31.

Amounts recognized in other comprehensive (loss) income during the years ended December 31, 2014, 2013 and 2012, net of tax, are as follows (in thousands):



	Year Ended December 31,
	2014			2013		2012
Net (loss) earnings	$	(372	)	$	2,665	$	448
Prior service cost	160			296		297
	$	(212	)	$	2,961	$	745


Note 16.	Other Employee Benefit Plans - (Continued)

Pension Plans - (Continued)

Components of accumulated other comprehensive (loss) earnings related to the Company’s pension plans as of December 31, 2014 and 2013 are as follows (in thousands):



	December 31,
	2014			2013
Net loss	$	(2,208	)	$	(1,836	)
Prior service cost	(170		)	(330		)
	$	(2,378	)	$	(2,166	)

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,
	2014			2013
Change in benefit obligation:
Benefit obligation at January 1	$	12,551		$	24,932
Service costs	166			254
Interest costs	444			883
Actuarial (gain) loss	890			(296		)
Benefits paid	(1,338		)	(13,292		)
Foreign currency changes	(900		)	70
Benefit obligation at December 31	$	11,813		$	12,551
Fair value of plan assets at December 31	$	—		$	—
Unfunded status at December 31	$	11,813		$	12,551
Amounts recognized in the Consolidated Balance Sheets:
Current liabilities	$	335		$	383
Non-current liabilities	$	11,478		$	12,168

The weighted average assumptions used are as follows:



	Year Ended December 31,
	2014		2013
Net periodic benefit cost:
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	1.90	%	3.50	%
Funded status and projected benefit obligation:
SERP:
Discount rate	3.75	%	4.75	%
Rate of increase in compensation levels	3.00	%	3.00	%
Defined benefit pension plan for employees outside the United States:
Discount rate	1.90	%	3.50	%

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


Note 16.	Other Employee Benefit Plans - (Continued)

Pension Plans - (Continued)

A pension liability of $3.6 million and $3.4 million as of December 31, 2014 and 2013, respectively, have been recognized for the pension plans representing the excess of the unfunded accumulated benefit obligation over the accrued pension costs.

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



2015	$	335
2016	327
2017	326
2018	313
2019	314
Five years thereafter	10,268
	$	11,883

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



	Year Ended December 31,
	2014		2013		2012
Service costs	$	166	$	254	$	267
Interest costs	444		883		936
Net amortization and deferral	279		1,111		1,205
Settlement loss	163		3,305		—
Net periodic pension costs	$	1,052	$	5,553	$	2,408

Components of net periodic benefit cost expected to be recognized from amounts in accumulated other comprehensive earnings during the year ending December 31, 2015 are as follows (in thousands):



	Year Ending December 31, 2015
Net loss	$	140
Net prior service cost	160
	$	300