Defined Benefit Pension Obligation

3 Months Ended

Mar. 31, 2015

Defined Benefit Pension Obligation

17. Defined Benefit Pension Obligation

The Company maintains a defined benefit pension plan for employees in its Switzerland subsidiary. The plan provides benefits to employees upon retirement, death or disability.

The net periodic benefit cost for the defined benefit pension plan for the three-month periods ended March 31, 2015 and 2014 was as follows:

In thousands	2015			2014
Service cost	$	448		$	288
Interest cost		50			43
Expected return on plan assets		(37	)		(37	)
Amortization of prior service cost		77			41
Net periodic benefit cost	$	538		$	335

The Company expects to contribute $1.6 million in total to the plan in 2015.