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PENSION PLANS (Tables)
12 Months Ended
Dec. 31, 2013
Pension and Other Postretirement Benefit Expense [Abstract]  
Aggregate net pension expense relating to the two plan types
The aggregate net pension expense relating to these two plans are as follows:
 
 
Years Ended
 
December 31,
2013
 
December 31,
2012
 
December 31,
2011
 
(in thousands)
Service costs
$
1,795

 
$
1,290

 
$
1,289

Interest costs
1,430

 
1,447

 
1,326

Amortization of actuarial loss (gain)
376

 
(55
)
 
67

Settlement and other related gain
(59
)
 
(12
)
 
(726
)
Curtailment gain
(1,607
)
 

 

Net pension period cost
$
1,935

 
$
2,670

 
$
1,956

Schedule of change in projected benefit obligation and accumulated benefit obligation
The change in projected benefit obligation and the accumulated benefit obligation, were as follows:
 
December 31, 2013
 
December 31, 2012
 
(in thousands)
Projected benefit obligation at beginning of the year
$
40,621

 
$
29,751

Service costs
1,795

 
1,290

Interest costs
1,430

 
1,447

Settlement
(59
)
 
(12
)
Curtailment gain
(1,607
)
 

Actuarial (gain) loss
(3,460
)
 
9,196

Benefits paid
(322
)
 
(360
)
Foreign currency exchange rate changes
518

 
(691
)
Projected benefit obligation at end of the year
$
38,916

 
$
40,621

Accumulated benefit obligation at end of the year
$
35,761

 
$
34,216

Schedule of actuarial assumptions used to deteremine benefit obligations for the plans
Actuarial assumptions used to determine benefit obligations for the plans were as follows:
 
Years Ended
 
December 31, 2013
 
December 31, 2012
 
December 31, 2011
Assumed discount rate
3.1-4.0%
 
2.7-3.9%
 
4.6-5.3%
Assumed compensation rate of increase
2.4-3.0%
 
2.4-3.0%
 
2.5-3.0%
Schedule of future estimated expected benefit payments over the next ten years
Future estimated expected benefit payments over the next 10 years are as follows:
Years Ending December 31:
 
 
(in thousands)
2014
$
474

2015
625

2016
695

2017
1,053

2018
905

2019 through 2023
9,614

 
$
13,366