Savings and Retirement Plans

3 Months Ended

Mar. 31, 2017

Savings and Retirement Plans [Abstract]

Savings and Retirement Plans

Note 9. Savings and Retirement Plans

We sponsor various retirement plans for eligible employees in the United States, the United Kingdom, and The Netherlands. Our retirement savings plan in the United States conforms to Section 401(k) of the Internal Revenue Code and participation is available to substantially all employees. We may also make discretionary contributions ratably to all eligible employees. We made discretionary contributions to the U.S. plan of $221,000 and $123,000 for the three months ended March 31, 2017, and 2016, respectively.

Our international subsidiaries have defined benefit retirement plans for eligible employees.  These plans provide benefits based on the employee’s years of service and compensation during the years immediately preceding retirement, termination, disability, or death, as defined in the plans.

The cost for our defined benefit retirement plans in The Netherlands and the United Kingdom includes the following components for the three month periods ended March 31:

	Three Months Ended March 31
	2017			2016
Gross service cost	$	21,000		$	26,000
Interest cost		23,000			29,000
Management cost		3,000			1,000
Expected return on assets		(21,000	)		(24,000	)
Amortization		-			(1,000	)
Net periodic retirement cost	$	26,000		$	31,000