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, $6.9 million and $4.9 million during the years ended December 31, 2015, 2014 and 2013, 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 earnings (loss) and the estimated benefit to be paid in 2016 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, 2015, 2014 and 2013, net of tax, are as follows (in thousands):



	Year Ended December 31,
	2015		2014			2013
Net earnings (loss)	$	500	$	(372	)	$	2,665
Prior service cost	161		160			296
	$	661	$	(212	)	$	2,961


Note 16.	Other Employee Benefit Plans - (Continued)

Pension Plans - (Continued)

Components of accumulated other comprehensive earnings (loss) related to the Company’s pension plans as of December 31, 2015 and 2014 are as follows (in thousands):



	December 31,
	2015			2014
Net loss	$	(1,708	)	$	(2,208	)
Prior service cost	(9		)	(170		)
	$	(1,717	)	$	(2,378	)

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,
	2015			2014
Change in benefit obligation:
Benefit obligation at January 1	$	11,813		$	12,551
Service costs	156			166
Interest costs	353			444
Actuarial (gain) loss	(199		)	890
Benefits paid	(312		)	(1,338		)
Foreign currency changes	(385		)	(900		)
Benefit obligation at December 31	$	11,426		$	11,813
Fair value of plan assets at December 31	$	—		$	—
Unfunded status at December 31	$	11,426		$	11,813
Amounts recognized in the Consolidated Balance Sheets:
Current liabilities	$	307		$	335
Non-current liabilities	$	11,119		$	11,478

The weighted average assumptions used are as follows:



	Year Ended December 31,
	2015		2014
Net periodic benefit cost:
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	2.60	%	1.90	%
Funded status and projected benefit obligation:
SERP:
Discount rate	4.00	%	3.75	%
Rate of increase in compensation levels	3.00	%	3.00	%
Defined benefit pension plan for employees outside the United States:
Discount rate	2.60	%	1.90	%


Note 16.	Other Employee Benefit Plans - (Continued)

Pension Plans - (Continued)

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 $2.8 million and $3.6 million as of December 31, 2015 and 2014, respectively, has 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):



2016	$	307
2017	291
2018	275
2019	272
2020	262
Five years thereafter	10,002
	$	11,409

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



	Year Ended December 31,
	2015		2014		2013
Service costs	$	156	$	166	$	254
Interest costs	353		444		883
Net amortization and deferral	513		279		1,111
Settlement loss	—		163		3,305
Net periodic pension costs	$	1,022	$	1,052	$	5,553

Components of net periodic benefit cost expected to be recognized from amounts in accumulated other comprehensive earnings (loss) during the year ending December 31, 2016 are as follows (in thousands):



	Year Ending December 31, 2016
Net loss	$	148
Net prior service cost	24
	$	172