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EMPLOYEE BENEFIT PLANS (Tables)
 12 Months Ended
Dec. 31, 2020
Retirement Benefits [Abstract]  
Benefit Plan's projected benefit obligation and valuation of plan assets
The Benefit Plan’s projected benefit obligation and valuation of plan assets were as follows for the years ended December 31 (in thousands):
Projected benefit obligation:20202019
Balance, beginning of year$319 $388 
Service cost47 56 
Interest cost1 1 
Liability (gain) loss6 (2)
Benefits paid to participants(30)(128)
Special termination benefit8 — 
Foreign currency19 4 
Balance, end of year$370 $319 
Plan assets:20202019
Fair value, beginning of year$— $— 
Company contributions30 128 
Benefits paid to participants(30)(128)
Fair value, end of year$— $— 
Funded status of the Benefit Plan as of December 31 (in thousands):
20202019
Benefit obligation$(370)$(319)
Fair value of plan assets— — 
Excess of benefit obligation over fair value of plan assets$(370)$(319)
Amounts recognized in the accompanying Consolidated Balance Sheets consist of, as of December 31 (in thousands):
20202019
Accrued benefit liability$(370)$(319)
Transition obligation and unrealized gain(194)(234)
Net amount recognized in the consolidated balance sheets$(564)$(553)
 Years Ended December 31,
Other changes recognized in comprehensive income (in thousands):
20202019
Net periodic cost$10 $14 
Current year actuarial (gain) loss 6 (2)
Amortization of transition obligation(4)(4)
Total recognized in other comprehensive income (loss)2 (6)
Total recognized in comprehensive income$12 $8 
 As of December 31,
Amounts not yet reflected in net periodic benefit cost and included in accumulated other comprehensive gain (in thousands):
20202019
Transition obligation$62 $58 
Prior service cost139 174 
Net actuarial gain (loss)(7)2 
Total recognized in accumulated other comprehensive gain $194 $234 
2019 estimated amounts of amortized transition obligation (in thousands):
2019
Transition obligation$(4)
 As of December 31,
Aggregate Benefit Plan information and accumulated benefit obligation in excess of plan assets (in thousands):20202019
Projected benefit obligation$370 $319 
Accumulated benefit obligation370 319 
Fair value of plan assets— — 
Weighted-average assumptions to determine the benefit obligation and net cost
The weighted-average assumptions to determine the benefit obligation and net cost are as follows:
 20202019
Discount rate0.20 %0.20 %
Rate of increase in compensation levels— — 
Pension expense for Benefit Plan included in selling, general and administrative expenses
Service Cost for the Benefit Plan is included within selling and administrative expenses and all other items noted in the table below (Interest Cost, Amortization of Transition Obligation, and Prior Service Cost) are included within other income (expense). Pension costs, which are included within Consolidated Statement of Operations are detailed below for the years ended December 31 (in thousands):
 20202019
Service cost$47 $56 
Interest cost1 1 
Amortization of transition obligation4 4 
Gain (loss)(6)(4)
Special termination8 — 
Prior service cost(44)(43)
Total pension expense$10 $14 
Benefits expected to be paid by the Benefit Plan As of December 31, 2020, benefits expected to be paid by the Benefit Plan for the next ten years is approximately as follows (in thousands):
2021$37 
202268 
202325 
2024126 
202536 
Next five years192 
Total expected benefits to be paid$484