Employee benefit obligations (Tables)

12 Months Ended

Dec. 31, 2015

Compensation And Retirement Disclosure [Abstract]

Schedule of Targeted Allocation of Plan Assets

The targeted allocation for these funds is as follows:

Asset Allocation by Category as of December 31, 2015:
Asset Category:	Asset allocation (%)
Debt Securities		75
Real Estate		16
Equity Securities		3
Others		6
Total		100

Schedule of Change in Benefit Obligations

The following table sets forth the Swiss Plan’s funded status and amounts recognized in the consolidated financial statements for the year ended December 31, 2015:

	December 31,
	2015
Change in Benefit Obligation
Projected benefit obligation at beginning of year	$	-
Interest cost		47
Company service cost		312
Employee contributions		189
Prior service cost		158
Benefits paid		4,023
Actuarial loss		1,494
Projected benefit obligation at end of year	$	6,223
Change in Plan Assets
Fair value of plan assets at beginning of year	$	-
Actual return on plan assets		(63	)
Employer contributions		284
Employee contributions		189
Benefits paid		4,023
Fair value of plan assets at end of year	$	4,433
Funded Status at End of year
Excess of obligation over assets	$	(1,790	)
Change in Accrued Benefit Liability
Accrued benefit asset/(liability) at beginning of year	$	-
Company contributions made during year		284
Net periodic benefit cost for year		(404	)
Net decrease in accumulated other comprehensive loss		(1,670	)
Accrued benefit liability at end of year	$	(1,790	)

	December 31,
	2015
Non - current plan assets	$	4,433
Non - current liability		6,223
Accrued benefit liability at end of year	$	(1,790	)
Projected Benefit Payments
2016	$	8
2017		13
2018		19
2019		25
2020		32
2021 - 2024	$	264

Schedule of Fair Value the Plan Assets

The fair value of the plan assets is the estimated cash surrender value of the insurance contract at December 31, 2015. The level of inputs used to measure fair value was Level 2.

	Yearended December 31,
	2015
Net Periodic Benefit Cost
Service cost	$	312
Interest cost		47
Expected return on plan assets		(38	)
Amortization of prior service costs		14
Amortization of transition obligation		69
Total net periodic benefit cost	$	404
Weighted average assumptions:
Discount rate as of December 31		1.00%
Expected long-term rate of return on assets		1.00%
Rate of compensation increase		1.00%
Mortality and disability assumptions  (*)	BVG 2010 GT

(*) Mortality data used for actuarial calculation.