EMPLOYEE BENEFIT PLANS (Tables)

12 Months Ended

Dec. 31, 2014

EMPLOYEE BENEFIT PLANS [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:	2014			2013
Balance, beginning of year	$	629		$	714
Service cost		88			106
Interest cost		3			6
Liability losses		(6	)		59
Benefits paid to participants		(122	)		(121	)
Special termination benefit		34			—
Prior service cost		—			—
Foreign currency		(77	)		(135	)
Balance, end of year	$	549		$	629

Plan assets:	2014			2013
Fair value, beginning of year	$	—		$	—
Company contributions		122			121
Benefits paid to participants		(122	)		(121	)
Fair value, end of year	$	—		$	—

Funded status of the Benefit Plan as of December 31 (in thousands):	2014			2013
Benefit obligation	$	(549	)	$	(629	)
Fair value of plan assets		—			—
Excess of benefit obligation over fair value of plan assets	$	(549	)	$	(629	)

Amounts recognized in the accompanying Consolidated Balance Sheets consist of, as of December 31 (in thousands):	2014			2013
Accrued benefit liability	$	(549	)	$	(629	)
Transition obligation and unrealized gain		(372	)		(458	)
Net amount recognized in the consolidated balance sheets	$	(921	)	$	(1,087	)

	Years Ended December 31,
Other changes recognized in comprehensive income/loss (in thousands):	2014			2013
Net periodic cost	$	85		$	64
Current year (gain) loss		(6	)		59
Amortization of transition obligation		(4	)		(4	)
Total recognized in other comprehensive income		(10	)		55
Total recognized in comprehensive income (loss)	$	75		$	119

	As of December 31,
Amounts not yet reflected in net periodic benefit cost and included in accumulated other comprehensive gain/loss (in thousands):	2014		2013
Transition obligation	$	13	$	66
Prior service cost		353		447
Net actuarial gain		6		(55	)
Total recognized in accumulated other comprehensive loss	$	372	$	458

2015 estimated amounts of amortized transition obligation (in thousands):	2015
Transition obligation		$	(4	)

	As of December 31,
Aggregate Benefit Plan information and accumulated benefit obligation in excess of plan assets (in thousands):	2014			2013
Projected benefit obligation		$	549		$	629
Accumulated benefit obligation			549			629
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:

	2014			2013
Discount rate		0.50	%		0.50	%
Rate of increase in compensation levels		—	%		—	%

Pension expense for Benefit Plan included in selling, general and administrative expenses

Pension expense for the Benefit Plan is included in selling, general and administrative expenses in the Consolidated Statements of Operations and is comprised of the following for the years ended December 31 (in thousands):

	2014			2013
Service cost	$	88		$	106
Interest cost		3			6
Amortization of transition obligation		4			4
Gain		—			(4	)
Special termination		34			—
Prior service cost		(44	)		(48	)
Benefit adjustment		—			—
Total pension expense	$	85		$	64

Benefits expected to be paid by the Benefit Plan

The Company expects to contribute approximately $66,000 to the Benefit Plan in 2015. As of December 31, 2014, benefits expected to be paid by the Benefit Plan for the next ten years is approximately as follows (in thousands):

2015	$	66
2016		60
2017		57
2018		54
2019		50
Next five years		293
Total expected benefits to be paid	$	580