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Retirement Plan (Tables)
12 Months Ended
Dec. 31, 2016
Compensation and Retirement Disclosure [Abstract]  
Schedule of Changes in Projected Benefit Obligations [Table Text Block]
The Company uses a measurement date of December 31 for the Defined Benefit Plan. The changes in projected benefit obligation, plan assets and details of the funded status of the Plan are as follows:
 
 
 
December 31,
 
 
 
2015
 
2016
 
 
 
(in thousands)
 
Change in projected benefit obligation:
 
 
 
 
 
 
 
Benefit obligation at beginning of year
 
$
2,619
 
 
3,535
 
Service cost
 
 
-
 
 
16
 
Interest cost
 
 
61
 
 
72
 
Actuarial loss
 
 
1,097
 
 
31
 
Effect of foreign currency rate changes
 
 
(242)
 
 
214
 
Benefit obligation at end of year
 
 
3,535
 
 
3,868
 
Change in plan assets:
 
 
 
 
 
 
 
Fair value at beginning of year
 
 
2,705
 
 
2,803
 
Actual return on plan assets
 
 
70
 
 
21
 
Employer contribution
 
 
119
 
 
124
 
   
 
 
December 31,
 
 
 
2015
 
2016
 
 
 
(in thousands)
 
Effect of foreign currency rate changes
 
 
(91)
 
 
44
 
Fair value at end of year
 
 
2,803
 
 
2,992
 
Funded status
 
$
(732)
 
 
(876)
 
Amounts recognized in the balance sheet consist of:
 
 
 
 
 
 
 
Prepaid pension costs
 
$
331
 
 
188
 
Accrued pension liabilities
 
 
(1,063)
 
 
(1,064)
 
Net amount recognized
 
$
(732)
 
 
(876)
 
Schedule of Net Benefit Costs [Table Text Block]
For the years ended December 31, 2014, 2015 and 2016, the net periodic pension cost consisted of the following:
 
 
 
Year Ended December 31,
 
 
 
2014
 
2015
 
2016
 
 
 
(in thousands)
 
Service cost
 
$
-
 
 
-
 
 
16
 
Interest cost
 
 
64
 
 
61
 
 
72
 
Expected return on plan assets
 
 
(52)
 
 
(54)
 
 
(52)
 
Net amortization
 
 
74
 
 
59
 
 
99
 
Net periodic pension cost
 
$
86
 
 
66
 
 
135
 
Schedule of Assumptions Used [Table Text Block]
At December 31, 2015 and 2016, the weighted-average assumptions used in computing the benefit obligation are as follows:
 
 
 
December 31,
 
 
 
2015
 
2016
 
 
 
 
 
 
 
Discount rate
 
 
2.00
%
 
1.80
%
Rate of increase in compensation levels
 
 
5.00
%
 
5.00
%
 
For the years ended December 31, 2014, 2015 and 2016, the weighted average assumptions used in computing net periodic benefit cost are as follows:
 
 
 
Year Ended December 31,
 
 
 
2014
 
2015
 
2016
 
 
 
Whole
 
 
 
 
 
Discount rate
 
 
2.25
%
 
2.00
%
 
1.80
%
Rate of increase in compensation levels
 
 
4.00
%
 
5.00
%
 
5.00
%
Expected long-term rate of return on pension assets
 
 
2.25
%
 
2.00
%
 
1.80
%