Defined Benefit Pension Obligation

3 Months Ended

Mar. 31, 2016

The Company maintains a defined benefit pension plan for employees in its Switzerland subsidiary. The plan provides benefits to employees upon retirement, death or disability.

The net periodic benefit cost for the three-month periods ended March 31, 2016 and 2015 were as follows:



In thousands	2016			2015
Service cost	$	454		$	448
Interest cost	29			50
Expected return on plan assets	(23		)	(37		)
Amortization of prior service cost	55			77
Net periodic benefit cost	$	515		$	538

The Company expects to contribute $1.6 million in total to the plan in 2016.