XML 43 R29.htm IDEA: XBRL DOCUMENT v2.4.1.9
Deferred Compensation Benefits - (Tables)
12 Months Ended
Dec. 31, 2014
Compensation and Retirement Disclosure [Abstract]  
Schedule of Net Periodic Pension Cost
Net periodic pension cost for the years ended December 31, 2014, 2013, and 2012 for the ESBP is as follows:
 
Net Periodic Pension Cost—ESBP
2014
 
2013
 
2012
(amounts in thousands)
 
 
 
 
 
Interest cost
$
276

 
$
243

 
$
338

Amortization of actuarial loss
138

 
191

 
279

Net periodic pension cost
$
414

 
$
434

 
$
617

Schedule of Changes in Benefit Obligation
The change in benefit obligation and reconciliation of fair value of plan assets for the years ended December 31, 2014 and 2013 for the ESBP and NDBP are as follows: 
 
ESBP
 
NDBP
Changes in Benefit Obligation
2014
 
2013
 
2014
 
2013
(amounts in thousands)
 
 
 
 
 
 
 
Benefit obligation at beginning of period
$
7,499

 
$
8,405

 
$
11,635

 
$
11,913

Interest cost
276

 
243

 
358

 
333

Benefits paid
(737
)
 
(720
)
 
(159
)
 
(141
)
Actuarial loss (gain)
1,236

 
(429
)
 
4,896

 
(939
)
Effect of exchange rate changes

 

 
(1,798
)
 
469

Benefit obligation at end of period
8,274

 
7,499

 
14,932

 
11,635

Reconciliation of Fair Value of Plan Assets
 
 
 
 
 
 
 
Fair value of plan assets at beginning of period

 

 
8,752

 
8,143

Actual return on plan assets

 

 
359

 
351

Employer contributions
737

 
720

 

 

Benefits paid
(737
)
 
(720
)
 
(159
)
 
(141
)
Administrative costs

 

 

 
52

Effect of exchange rate changes

 

 
(1,042
)
 
347

Fair value of plan assets at end of period

 

 
7,910

 
8,752

Accrued benefit cost
$
8,274

 
$
7,499

 
$
7,022

 
$
2,883

Accrued benefit cost is included in the consolidated balance sheet as follows:
 
 
 
 
 
 
 
Current liabilities
$
714

 
$
704

 
$

 
$

Non-current liabilities
$
7,560

 
$
6,795

 
$
7,022

 
$
2,883

Discount rates:
 
 
 
 
 
 
 
Benefit obligation
3.30
%
 
3.87
%
 
1.50
%
 
3.20
%
Net periodic pension cost
3.87
%
 
3.02
%
 
3.20
%
 
2.80
%
Salary increase rate
%
 
%
 
%
 
%
Expected return on plan assets
%
 
%
 
4.00
%
 
4.00
%
Schedule of Expected Benefit Payments
Anticipated benefit payments for the ESBP and the NDBP expected to be paid in future years are as follows:
 
ESBP
 
NDBP
(amounts in thousands)
 
 
 
2015
$
725

 
$
150

2016
670

 
165

2017
654

 
186

2018
655

 
227

2019
657

 
258

2020 - 2024
2,942

 
1,528

Total
$
6,303

 
$
2,514