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PENSION PLANS (Tables)
12 Months Ended
Dec. 31, 2015
Pension and Other Postretirement Benefit Expense [Abstract]  
Schedule of Aggregate Net Pension Expense
The aggregate net pension expense relating to these three plans are as follows:
 
 
Years Ended
 
December 31,
2015
 
December 31,
2014
 
December 31,
2013
 
(in thousands)
Service costs
$
1,352

 
$
1,526

 
$
1,795

Interest costs
1,394

 
1,509

 
1,430

Amortization of actuarial loss
772

 
47

 
376

Settlement and other related gain

 

 
(59
)
Curtailment gain
(1,699
)
 

 
(1,607
)
Net pension period cost
$
1,819

 
$
3,082

 
$
1,935

Schedule of Changes in Projected Benefit Obligation and Accumulated Benefit Obligation
The change in projected benefit obligation and the accumulated benefit obligation, were as follows:
 
December 31, 2015
 
December 31, 2014
 
(in thousands)
Projected benefit obligation at beginning of the year
$
49,836

 
$
38,916

Service costs
1,352

 
1,526

Interest costs
1,394

 
1,509

Curtailment gain
(1,699
)
 

Actuarial (gains) losses
(3,354
)
 
8,753

Benefits paid
(705
)
 
(483
)
Foreign currency exchange rate changes
(7,225
)
 
(385
)
Projected benefit obligation at end of the year
$
39,599

 
$
49,836

Accumulated benefit obligation at end of the year
35,470

 
46,092

Schedule of Actuarial Assumptions Used to Determine Benefit Obligations
Actuarial assumptions used to determine benefit obligations for the plans were as follows:
 
Years Ended
 
December 31, 2015
 
December 31, 2014
 
December 31, 2013
Assumed discount rate
1.93%-2.57%
 
1.49-2.15%
 
3.1-4.0%
Assumed compensation rate of increase
2.9%-3.0%
 
2.9-3.0%
 
2.4-3.0%
Schedule of Expected Benefit Payments
Future estimated expected benefit payments over the next 10 years are as follows:
Years Ending December 31:
 
 
(in thousands)
2016
$
673

2017
550

2018
847

2019
1,064

2020
1,056

2021 through 2025
8,472

 
$
12,662