Retirement Plans and Deferred Compensation

9 Months Ended

Sep. 30, 2013

Compensation And Retirement Disclosure [Abstract]

Retirement Plans and Deferred Compensation

15. Retirement Plans And Deferred Compensation

During the nine months ended September 30, 2013 and September 30, 2012, the Company maintained a defined contribution pension plan covering all full-time, U.S. employees of SLPE, the High Power Group, including TEAL and MTE, SL-MTI, RFL, and the corporate office. The Company’s contributions to this plan are based on a percentage of employee contributions and/or plan year gross wages, as defined. Costs incurred under these plans amounted to $179,000 and $576,000 during the three month and nine month periods ended September 30, 2013 compared to $181,000 and $614,000 during the three month and nine month periods ended September 30, 2012.

The Company has agreements with certain retired directors, officers and key employees providing for supplemental retirement benefits. The liability for supplemental retirement benefits is based on the most recent mortality tables available and discount rates ranging from 6% to 12%. The amount charged to expense in connection with these agreements amounted to $91,000 and $223,000 for the three month and nine month periods ended September 30, 2013 compared to $64,000 and $265,000 for the three month and nine month periods ended September 30, 2012.