RETIREMENT PLANS (Tables)

12 Months Ended

Dec. 31, 2013

RETIREMENT PLANS

Schedule of weighted-average rates assumed in the actuarial calculations for the pension plan

	2011			2012			2013
Discount rate		6.25	%		6.00	%		5.75	%
Annual salary increase		7.50	%		7.50	%		7.50	%
Expected long-term return on plan assets		8.00	%		8.00	%		7.00	%

Schedule of changes during the year in the projected benefit obligations and in the fair value of plan assets

Changes during the year in the projected benefit obligations and in the fair value of plan assets are as follows for 2012 and 2013 (in thousands):

	2012			2013
Projected benefit obligations:
Balance at beginning of year:	$	13,355		$	11,660
Service cost		612			543
Interest cost		810			665
Benefits and settlements paid		(674	)		(1,444	)
Actuarial (loss) gain		(2,443	)		1,127
Exchange rate adjustment		—			(314	)
Actuarial loss	$	11,660		$	12,237
Plan net assets:
Balance at beginning of year:	$	11,994		$	12,932
Actual return on plan assets		759			657
Company contributions		853			854
Benefits and settlements paid		(674	)		(1,444	)
Exchange rate adjustment		—			(326	)
Balance at end of year	$	12,932		$	12,673
Over funded status of plan	$	1,272		$	436

Schedule of fair values for the pension plan's net assets, by asset category

The fair values for the pension plan's net assets, by asset category, at December 31, 2013 are as follows (in thousands):

Asset Category	Total		Level 1		Level 2		Level 3
Cash, cash equivalents, money markets and other	$	10,008	$	9,331	$	—	$	—
Equity securities		1,438		1,438		—		—
Fixed income securities		1,552		841		1,388		—
Total	$	12,998	$	11,610	$	1,388	$	—

Schedule of weighted-average asset allocations, by asset category

	2012			2013
Cash, cash equivalents, money markets and other		78.7	%		77.0	%
Equity securities		9.2			11.1
Fixed income securities		12.1			11.9
Total		100.0	%		100	%

Schedule of amounts recognized on the Company's consolidated balance sheets

Amounts recognized on the Company's consolidated balance sheets consist of (in thousands):

	As of December 31,
	2012			2013
Other assets	$	1,272		$	436
Accumulated other comprehensive loss, net of tax		(1,318	)		(1,949	)

Schedule of amounts recognized in accumulated other comprehensive loss

Amounts recognized in accumulated other comprehensive loss consist of (in thousands):

	2012			2013
Net actuarial loss	$	(2,918	)	$	(2,154	)
Prior service cost		—			—
Accumulated other comprehensive loss, pre-tax	$	(2,918	)	$	(2,154	)
Accumulated other comprehensive loss, net of tax	$	(1,318	)	$	(1,949	)

Schedule of components of the plan's net periodic pension cost

Components of the plan's net periodic pension cost are as follows for the years ended December 31, 2011, 2012 and 2013 (in thousands):

	2011			2012			2013
Service cost	$	617		$	612		$	543
Interest cost		865			810			665
Expected return on plan assets		(961	)		(972	)		(949	)
Amortization of unrecognized net actuarial loss		229			242			150
Amortization of prior service costs		11			—			—
Net periodic pension cost	$	761		$	692		$	409

Schedule of estimated pension benefits

The following estimated pension benefits, which reflect expected future service, as appropriate, are expected to be paid over the next ten years as indicated below (in thousands):

Fiscal Year	Pension Benefits
2014	$	355
2015		492
2016		534
2017		562
2018		730
2019 - 2023		4,401
	$	7,074