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Employee Benefit Plans
3 Months Ended
Mar. 31, 2015
Compensation and Retirement Disclosure [Abstract]  
Employee Benefit Plans
Employee Benefit Plans
We have defined benefit pension plans for our U.K.-based union employees and certain Canadian-based employees (the “U.K. Plan” and the “Canadian Plan,” respectively). Retirement benefits under the U.K. Plan are based on an employee’s average compensation over the two years preceding retirement. Retirement benefits under the Canadian Plan are generally based on the number of years of credited service. Our policy is to fund the minimum contribution permissible by the applicable regulatory authorities.
The following table sets forth the combined amount of net periodic benefit cost recognized for the three months ended March 31, 2015 and 2014:
 
 
Three Months Ended 
 March 31,
 
 
2015
 
2014
Components of net periodic pension benefit cost:
 
 

 
 

Service cost
 
$
0.7

 
$
0.6

Interest cost
 
1.2

 
1.3

Expected return on plan assets
 
(1.7
)
 
(1.6
)
Amortization of actuarial gains
 
0.3

 
0.2

Curtailment
 

 
0.1

Amortization of prior service costs
 

 
(0.1
)
Net periodic cost
 
$
0.5

 
$
0.5


We have a 401(k) plan for U.S.-based employees. Those employees who participate in our 401(k) plan are eligible to receive matching contributions from us for the first 6% of participant contributions. We match contributions of 35% of any participant's contributions, up to the first 6% of their compensation (as defined in the plan document). In connection with the WMS acquisition, we assumed WMS' existing 401(k) plan and effective January 1, 2015 combined it with the Scientific Games 401(k) plan. In connection with the Bally acquisition, we assumed Bally's existing 401(k) plan. The plan was adopted for domestic employees of Bally Technologies, Inc. and all its domestic subsidiaries and matches 50% of any participant's contributions, up to the first 6% of their compensation (as defined in the plan document).