Employee Benefit Plans (Tables)

6 Months Ended

Jun. 30, 2014

Schedule of Changes in Fair Value of Plan Assets

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, 2013	$	149,316
Service cost		167
Interest cost		3,436
Actuarial loss		1,447
Benefits paid		(2,308	)
Settlements		-
Currency changes		4,919
Benefit obligation at June 30, 2014	$	156,977
Change in plan assets:
Fair value of plan assets at December 31, 2013	$	116,568
Actual return on plan assets		3,851
Employer contribution		334
Benefits paid		(2,308	)
Currency changes		3,834
Fair value of plan assets at June 30, 2014	$	122,279
Underfunded status at June 30, 2014	$	(34,698	)

Schedule of Assumptions Used

The following weighted-average assumptions were used to determine net periodic benefit costs for the six months ended June 30, 2014:

Discount rate	4.6	%
Expected long-term return on plan assets	5.9	%