Employee Benefit Plans

3 Months Ended

Mar. 31, 2012

Employee Benefit Plans [Abstract]

Employee Benefit Plans [TextBlock]

NOTE J – Employee Benefit Plans

Defined Benefit Plan

The Company has a contributory defined benefit plan that covers certain employees in the United Kingdom (“U.K.”) and Germany. The net pension and supplemental retirement benefit obligations and the related periodic costs are based on, among other things, assumptions regarding the discount rate, estimated return on plan assets and mortality rates. These obligations and related periodic costs are measured using actuarial techniques and assumptions. The projected unit credit method is the actuarial cost method used to compute the pension liabilities and related expenses.

For the threemonths ended March 31, 2012, net period benefit costs associated with the defined benefit plan were approximately $0 million.

The following tables set forth the benefit obligation, the fair value of plan assets, and the funded status of the Company's plan(in thousands):

		Defined Benefit Plan
Change in benefit obligation:
Balance at December 31, 2011	$	109,877
Service cost		78
Interest cost		1,397
Actuarial gain		3,849
Benefits paid		(977)
Currency changes		3,207
Benefit obligation at March 31, 2012	$	117,431
Change in plan assets:
Fair value of plan assets at December 31, 2011	$	96,384
Actual return on plan assets		2,254
Employer contribution		1,089
Benefits paid		(977)
Currency changes		2,774
Fair value of plan assets at March 31, 2012	$	101,524
Underfunded status at March 31, 2012	$	(15,907)

Based on an actuarial study performed as of March 31, 2012, the plan is underfunded and a liability is reflected in the Company's consolidated financial statements as a long-term liability. The weighted-average discount rate assumption used to determine benefit obligations as of March 31, 2012was 5.1%.

The following are weighted-average assumptions used to determine net periodic benefit costs for the three months ended March 31, 2012:

Discount rate	5.1%
Expected long-term return on plan assets	5.6%

The Company adopted a payment plan with the trustees of the defined benefit plan, in which the Company paid approximately ₤1.0 million GBP (approximately $1.6 million based on a USD:GBP exchange rate of 1.6:1) every year from 2009 through 2011.The Company and the trustees are in discussions regarding the payment scheme.

The Company also has pension plans in Asia for which the benefit obligation, fair value of the plan assets and the funded status amounts are deemed immaterial and therefore, are not included in the figures or assumptions above.

Deferred Compensation

The Company maintains a Non-Qualified Deferred Compensation Plan (the “Deferred Compensation Plan”) for executive officers, key employees and members of the Board of Directors (the “Board”). The Deferred Compensation Plan allows eligible participants to defer the receipt of eligible compensation, including equity awards, until designated future dates. The Company offsets its obligations under the Deferred Compensation Plan by investing in the actual underlying investments. These investments are classified as trading securities and are carried at fair value. At March 31, 2012, these investments totaled approximately $3 million. All gains and losses in these investments are materially offset by corresponding gains and losses in the Deferred Compensation Plan liabilities.