Defined Benefit Pension Obligation

6 Months Ended

Jun. 30, 2014

Defined Benefit Pension Obligation

17. Defined Benefit Pension Obligation

On March 1, 2013, the Company established 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 defined benefit pension plan for the three-month and six-month periods ended June 30, 2014 was as follows:

In thousands	Three Months Ended June 30,2014			Six Months Ended June 30, 2014
Service cost	$	303		$	591
Interest cost		46			89
Expected return on plan assets		(38	)		(75	)
Amortization of prior service cost		41			82
Net periodic benefit cost	$	352		$	687

The net periodic benefit costs and contributions to the plan for the six-month period ended June 30, 2014 were not material. The Company expects to contribute $942,000 in total to the plan in 2014.