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RETIREMENT BENEFIT PLANS (Tables)
 12 Months Ended
Dec. 31, 2013
Pension and Other Postretirement Benefit Expense [Abstract]  
Net Periodic Benefit Costs For Defined Benefit Pension Plans
Net periodic benefit costs for the Company’s defined benefit pension plans included the following amounts:
 
 
Years Ended December 31,
 
2013
 
2012
 
2011
 
(In thousands)
Service cost
$
—

 
$
—

 
$
26

Interest cost
556

 
582

 
650

Expected return on plan assets
(407
)
 
(392
)
 
(589
)
Recognized net actuarial loss
2

 
—

 
—

Net period benefit cost
$
151

 
$
190

 
$
87
Weighted Average Assumptions
The following weighted average assumptions were used to develop net periodic pension benefit cost and the actuarial present value of projected pension benefit obligations:
 
Years Ended December 31,
 
2013
 
2012
 
2011
Discount rate
4.4
%
 
4.2
%
 
4.7
%
Expected return on plan assets
3.6
%
 
3.0
%
 
2.9
%
Rate of compensation increase
0.0
%
 
0.0
%
 
0.0
%
Changes In Projected Benefit Obligation And Fair Value Of Plan Assets
The following sets forth the change in projected benefit obligations and the change in plan assets for the years ended December 31, 2013 and 2012 and a reconciliation of the funded status at December 31, 2013 and 2012:
 
Years Ended December 31,
 
2013
 
2012
 
(In thousands)
CHANGE IN PROJECTED BENEFIT OBLIGATION
 
 
 
Projected benefit obligation, beginning of year
$
13,918

 
$
12,556

Interest cost
556

 
582

Benefits paid
(506
)
 
(604
)
Actuarial loss
881

 
807

Effect of foreign currency exchange rates
333

 
577

Projected benefit obligation, end of year
$
15,182

 
$
13,918

CHANGE IN PLAN ASSETS
 
 
 
Plan assets at fair value, beginning of year
$
14,080

 
$
13,226

Actual return on plan assets
(6
)
 
41

Employer contributions
826

 
797

Benefits paid
(493
)
 
(591
)
Effect of foreign currency exchange rates
287

 
607

Plan assets at fair value, end of year
$
14,694

 
$
14,080
Schedule Of Reconciliation Of Funded Status
 
Years Ended December 31,
 
2013
 
2012
 
(In thousands)
RECONCILIATION OF FUNDED STATUS
 
 
 
Funded status - (under) over funded
$
(488
)
 
$
162

Unrecognized net actuarial loss
2,911

 
1,512

Accumulated other comprehensive loss
(2,911
)
 
(1,512
)
Amounts recognized
$
(488
)
 
$
162
Schedule Of Weighted Average Allocation Of Plan Assets
Based on the assets which comprise each of the funds, the weighted-average allocation of plan assets by asset category is as follows:
 
December 31,
 
2013
 
2012
Government bonds
100
%
 
99
%
Cash
0
%
 
1
%
 
100
%
 
100
%
Schedule Of Pension Plan Assets At Fair Value
The fair value of the Company’s pension plan assets at December 31, 2013 and 2012 is as follows:
 
 
Fair Value Measurements at December 31, 2013:
Manager/Fund
Asset Category
Total
 
Quoted Prices in Active Markets for Identical Assets (Level 1)
 
Significant Observable Inputs (Level 2)
 
Significant Unobservable Inputs (Level 3)
 
 
(In thousands)
Bank account
Cash
$
8

 
$
8

 
$
—

 
$
—

Legal & General Index-Linked Gilts Index (various tenors) (a)
Index-linked government bonds
12,630

 
—

 
12,630

 
—

Legal & General Over 15 Years Gilts Index (b)
Government bonds
2,056

 
—

 
2,056

 
—

Total
 
$
14,694

 
$
8

 
$
14,686

 
$
—

 
 
Fair Value Measurements at December 31, 2012:
Manager/Fund
Asset Category
Total
 
Quoted Prices in Active Markets for Identical Assets (Level 1)
 
Significant Observable Inputs (Level 2)
 
Significant Unobservable Inputs (Level 3)
 
 
(In thousands)
Bank account
Cash
$
195

 
$
195

 
$
—

 
$
—

Legal & General Index-Linked Gilts Index (various tenors) (a)
Index-linked government bonds
11,909

 
—

 
11,909

 
—

Legal & General Over 15 Years Gilts Index (b)
Government bonds
1,976

 
—

 
1,976

 
—

Total
 
$
14,080

 
$
195

 
$
13,885

 
$
—

_______________________________
(a)
This category represents funds consisting of index-linked gilts and is designated to follow a benchmark index.
(b)
This category represents funds consisting of gilts and is designated to follow a benchmark index.
Schedule Of Expected Benefit Payments
Also based on year-end exchange rates, the Company expects to pay the following estimated future benefit payments in the years indicated:
 
Expected Future Benefit Payments
 
 
(In thousands)
2014
$
586

2015
613

2016
631

2017
647

2018
684

2019-2023
3,815