XML 15 R39.htm IDEA: XBRL DOCUMENT v2.4.0.8
Employee Benefit Plans (Tables)
12 Months Ended
Dec. 31, 2013
Defined Benefit Plan Disclosure [Line Items]  
Components Of The Net Periodic Benefit Cost Of The Non-U.S. Plans
Components of the net periodic benefit cost of the Non-U.S. Plans are as follows:
 
2013
 
2012
 
2011
Service cost of benefits earned
$
2,450

 
1,870

 
1,708

Interest cost on projected benefit obligation
1,285

 
1,367

 
1,400

Expected return on plan assets
(1,094
)
 
(1,192
)
 
(1,232
)
Amortization of actuarial loss (gain)
13

 
(10
)
 
(26
)
Net pension expense
$
2,654

 
2,035

 
1,850

The Obligations, Plan Assets And Funding Status Of The Non-U.S. Plans
The obligations, plan assets and funding status of the Non-U.S. Plans were as follows:
 
2013
 
2012
Change in benefit obligation:
 
 
 
Projected benefit obligation at end of prior year
$
37,551

 
29,231

Cumulative foreign exchange effect
1,813

 
669

Service cost
2,450

 
1,870

Interest cost
1,285

 
1,367

Plan participants contributions
886

 
827

Actuarial loss
(2,952
)
 
5,179

Benefits paid
(1,337
)
 
(1,552
)
Prior service cost
(7
)
 

Effect of curtailment and settlement

 
(40
)
Projected benefit obligation at end of year
$
39,689

 
37,551

Change in plan assets:
 
 
 
Fair value of plan assets at end of prior year
$
32,558

 
26,109

Cumulative foreign exchange effect
1,444

 
515

Actual return on plan assets
(940
)
 
4,771

Employer contributions
2,114

 
1,888

Benefits paid
(1,337
)
 
(1,552
)
Plan participant contributions
886

 
827

Fair value of plan assets at end of year
$
34,725

 
32,558

Funded status of the plans:
 
 
 
Ending funded status
$
(4,964
)
 
(4,993
)
Net amount recognized in consolidated balance sheets:
 
 
 
Accrued benefit liability (non-current liability)
$
(4,964
)
 
(4,993
)
Accumulated other comprehensive income
157

 
928

Net amount recognized
$
(4,807
)
 
(4,065
)
Plans With Accumulated Benefit Obligations In Excess Of Plan Assets
The rate of compensation increase for the Non-U.S. Plans is based upon the Company’s annual reviews.
 
Non-U.S. Plans
 
December 31,
2013
 
December 31,
2012
Plans with accumulated benefit obligations in excess of plan assets:
 
 
 
Projected benefit obligation
$
21,579

 
15,067

Accumulated benefit obligation
20,302

 
12,396

Fair value of plan assets
18,934

 
11,702

Plans with plan assets in excess of accumulated benefit obligations:
 
 
 
Projected benefit obligation
$
18,110

 
22,484

Accumulated benefit obligation
15,554

 
20,640

Fair value of plan assets
15,791

 
20,856

The Fair Value Of Each Asset Category Of The Total Investments Held By The Plans
The fair value and percentage of each asset category of the total investments held by the plans as of December 31, 2013 and 2012 were as follows:
 
2013
 
2012
Non-U.S. Plans:
 
 
 
Insurance contracts (100%)
$
34,725

 
32,558

Schedule of Expected Benefit Payments
Estimated future benefit payments for the Non-U.S. Plans are as follows:
2014
 
$
1,013

2015
 
1,084

2016
 
1,121

2017
 
1,669

2018
 
1,756

Thereafter
 
10,777

Projected Benefit Obligation [Member]
 
Defined Benefit Plan Disclosure [Line Items]  
Assumptions Used For Non-U.S. Plans
Assumptions used to determine the projected benefit obligation for the Non-U.S. Plans were as follows:
 
2013
 
2012
Discount rate
3.50%
 
3.25%
Rate of compensation increase
2.00%-4.00%
 
2.00%-4.00%
Underlying inflation rate
2.00%
 
2.00%
Net Periodic Pension Expense [Member]
 
Defined Benefit Plan Disclosure [Line Items]  
Assumptions Used For Non-U.S. Plans
Assumptions used to determine net periodic pension expense for the Non-U.S. Plans:
 
2013
 
2012
Discount rate
3.25%
 
4.50%
Expected rate of return on plan assets
.0327
 
2.50%-3.50%
Rate of compensation increase
2.00%-4.00%
 
2.00%-4.00%
Underlying inflation rate
2.00%
 
2.00%