Defined Benefit Pension Obligation

9 Months Ended

Sep. 30, 2015

Defined Benefit Pension Obligation

17. Defined Benefit Pension Obligation

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 defined benefit pension plan for the three-month and nine-month periods ended September 30, 2015 and 2014 was as follows:

	Three Months Ended September 30,						Nine Months Ended September 30,
In thousands	2015			2014			2015			2014
Service cost	$	431		$	234		$	1,319		$	761
Interest cost		33			40			102			119
Expected return on plan assets		(24	)		(34	)		(73	)		(101	)
Amortization of prior service cost		82			37			(336	)		110
Net periodic benefit cost	$	522		$	277		$	1,012		$	889

The Company expects to contribute $1.7 million in total to the plan in 2015.