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Pension and Severance Plans (Tables)
6 Months Ended
Jun. 30, 2013
Compensation and Retirement Disclosure [Abstract]  
Components of net periodic pension cost
The components of net periodic pension cost for these defined benefit plans are as follows:
 
For the Three Months Ended
June 30,
 
For the Six Months Ended
June 30,
 
2013
 
2012
 
2013
 
2012
 
(In thousands)
Components of net periodic pension cost and total pension expense:
 

 
 

 
 

 
 

Service cost
$
1,399

 
$
1,528

 
$
2,873

 
$
3,229

Interest cost
746

 
802

 
1,521

 
1,622

Expected return on plan assets
(883
)
 
(787
)
 
(1,794
)
 
(1,570
)
Amortization of transition obligation
2

 
2

 
4

 
4

Amortization of prior service cost
49

 
54

 
98

 
125

Recognized actuarial loss
33

 
52

 
66

 
103

Net periodic pension cost
1,346

 
1,651

 
2,768

 
3,513

Curtailment loss

 

 

 
1,089

Settlement gain

 

 

 
(100
)
Total pension expense
$
1,346

 
$
1,651

 
$
2,768

 
$
4,502


Schedule of severance obligation
The balance of our Korean severance obligation consists of the following:
 
June 30,
2013
 
December 31,
2012
 
(In thousands)
Current (Accrued expenses)
$
9,468

 
$
9,516

Non-current (Pension and severance obligations)
115,141

 
116,997

Total Korean severance obligation
$
124,609

 
$
126,513