EMPLOYEE BENEFIT PLANS (Tables)

12 Months Ended

Dec. 31, 2015

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:	2015			2014
Balance, beginning of year	$	549		$	629
Service cost		75			88
Interest cost		3			3
Liability losses		(4	)		(6	)
Benefits paid to participants		(141	)		(122	)
Special termination benefit		—			34
Foreign currency		(3	)		(77	)
Balance, end of year	$	479		$	549

Plan assets:		2015			2014
Fair value, beginning of year	$	—		$	—
Company contributions		141			122
Benefits paid to participants		(141	)		(122	)
Fair value, end of year	$	—		$	—

Funded status of the Benefit Plan as of December 31 (in thousands):	2015			2014
Benefit obligation	$	(479	)	$	(549	)
Fair value of plan assets		—			—
Excess of benefit obligation over fair value of plan assets	$	(479	)	$	(549	)

Amounts recognized in the accompanying Consolidated Balance Sheets consist of, as of December 31 (in thousands):	2015			2014
Accrued benefit liability	$	(479	)	$	(549	)
Transition obligation and unrealized gain		(339	)		(372	)
Net amount recognized in the consolidated balance sheets	$	(818	)	$	(921	)

	Years Ended December 31,
Other changes recognized in comprehensive income (loss) (in thousands):	2015			2014
Net periodic cost	$	43		$	85
Current year gain		(4	)		(6	)
Amortization of transition obligation		(4	)		(4	)
Total recognized in other comprehensive income (loss)		(8	)		(10	)
Total recognized in comprehensive income (loss)	$	35		$	75

	As of December 31,
Amounts not yet reflected in net periodic benefit cost and included in accumulated other comprehensive gain (loss) (in thousands):	2015		2014
Transition obligation	$	22	$	13
Prior service cost		313		353
Net actuarial gain		4		6
Total recognized in accumulated other comprehensive gain (loss)	$	339	$	372

2016 estimated amounts of amortized transition obligation (in thousands):	2016
Transition obligation		$	(4	)

	As of December 31,
Aggregate Benefit Plan information and accumulated benefit obligation in excess of plan assets (in thousands):	2015			2014
Projected benefit obligation		$	479		$	549
Accumulated benefit obligation			479			549
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:

	2015			2014
Discount rate		0.40	%		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):

	2015			2014
Service cost	$	75		$	88
Interest cost		3			3
Amortization of transition obligation		4			4
Gain		—			—
Special termination		—			34
Prior service cost		(39	)		(44	)
Benefit adjustment		—			—
Total pension expense	$	43		$	85

Benefits expected to be paid by the Benefit Plan

As of December 31, 2015, benefits expected to be paid by the Benefit Plan for the next ten years is approximately as follows (in thousands):

2016	$	53
2017		52
2018		49
2019		49
2020		43
Next five years		368
Total expected benefits to be paid	$	614