Other Employee Benefit Plans

12 Months Ended

Dec. 31, 2012

Compensation and Retirement Disclosure [Abstract]

Other Employee Benefit Plan

Other Employee Benefit Plans

Employee 401(k) Plans

The Company has a 401(k) Savings and Retirement Plan (the “Plan”) to provide for voluntary salary deferral contributions on a pre-tax basis for employees within the United States in accordance with Section 401(k) of the Internal Revenue Code of 1986, as amended. The Plan allows for contributions by the Company. The Company made and expensed matching contributions of $5.8 million, $7.5 million and $4.9 million for the years ended December 31, 2012, 2011 and 2010, respectively.

Pension Plans

The Company previously offered most of the employees outside the United States participation in a defined benefit pension plan that has been curtailed. In addition, the Company provides a Supplemental Executive Retirement Plan (the “SERP”) for certain officers of the Company based in the United States.

The Company has recorded the minimum pension liability to accumulated other comprehensive earnings and the estimated benefit to be paid in 2013 has been reported in other current liabilities. The measurement date used for the pension plans is December 31.

Amounts recognized in other comprehensive earnings during the years ended December 31, 2012, 2011 and 2010, net of tax, are as follows (in thousands):

	Year Ended December 31,
	2012		2011			2010
Net earnings (loss)	$	448	$	(1,410	)	$	396
Prior service cost	297		297			297
Transition obligation	—		—			(29		)
	$	745	$	(1,113	)	$	664

Note 16. Other Employee Benefit Plans - (Continued)

Components of accumulated other comprehensive earnings (loss) related to the Company’s pension plans as of December 31, 2012 and 2011 are as follows (in thousands):

	December 31,
	2012			2011
Net loss	$	(4,501	)	$	(4,949	)
Prior service cost	(626		)	(923		)
	$	(5,127	)	$	(5,872	)

A summary of the components of the net periodic pension expense for the benefit obligation and fund assets of the plans is as follows (in thousands):

	Year Ended December 31,
	2012			2011
Change in benefit obligation:
Benefit obligation at January 1	$	23,979		$	20,564
Service costs	267			205
Interest costs	936			1,047
Actuarial (gain) loss	(158		)	2,697
Benefits paid	(417		)	(436		)
Foreign currency exchange changes	325			(98		)
Benefit obligation at December 31	$	24,932		$	23,979
Fair value of plan assets at December 31	$	—		$	—
Unfunded status at December 31	$	24,932		$	23,979
Amounts recognized in the Consolidated Balance Sheets:
Current liabilities	$	409		$	401
Non-current liabilities	$	24,523		$	23,578

The weighted average assumptions used are as follows:

	Year Ended December 31,
	2012		2011
Net periodic benefit cost:
SERP:
Discount rate	4.00	%	5.15	%
Rate of increase in compensation levels	5.00	%	5.00	%
Defined benefit pension plan for employees outside the United States:
Discount rate	2.75	%	3.40	%
Funded status and projected benefit obligation:
SERP:
Discount rate	3.75	%	4.00	%
Rate of increase in compensation levels	3.00	%	5.00	%
Defined benefit pension plan for employees outside the United States:
Discount rate	2.75	%	3.40	%

The discount rates used are based upon publicly listed indices for instruments with average maturities estimated to be consistent with the respective obligations.

A pension liability of $8.1 million and $9.4 million as of December 31, 2012 and 2011, respectively, have been recognized for the pension plans representing the excess of the unfunded accumulated benefit obligation over the accrued pension costs.

Note 16. Other Employee Benefit Plans - (Continued)

Benefits expected to be paid under the plans are approximately (in thousands):

2013	$	408
2014	13,861
2015	386
2016	382
2017	380
Five years thereafter	6,451
	$	21,868

Components of net periodic benefit cost are as follows (in thousands):

	Year Ended December 31,
	2012		2011		2010
Service costs	$	267	$	205	$	142
Interest costs	936		1,047		1,135
Net amortization and deferral	1,205		903		967
Settlement loss	—		—		1,392
Net periodic pension costs	$	2,408	$	2,155	$	3,636

Components of net periodic benefit cost expected to be recognized from amounts in accumulated other comprehensive earnings (loss) during the year ending December 31, 2013 are as follows (in thousands):

	Year Ending December 31, 2013
Net loss	$	399
Net prior service cost	290
	$	689