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Retirement Plan (Tables)
12 Months Ended
Dec. 31, 2017
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,
 
 
 
2016
 
2017
 
 
 
(in thousands)
 
Change in projected benefit obligation:
 
 
 
 
 
 
 
Benefit obligation at beginning of year
 
$
3,535
 
 
3,868
 
Service cost
 
 
16
 
 
16
 
Interest cost
 
 
72
 
 
72
 
Actuarial loss
 
 
31
 
 
76
 
Effect of foreign currency rate changes
 
 
214
 
 
326
 
Benefit obligation at end of year
 
 
3,868
 
 
4,358
 
Change in plan assets:
 
 
 
 
 
 
 
Fair value at beginning of year
 
 
2,803
 
 
2,992
 
Actual return on plan assets
 
 
21
 
 
32
 
Employer contribution
 
 
124
 
 
133
 
Effect of foreign currency rate changes
 
 
44
 
 
253
 
Fair value at end of year
 
 
2,992
 
 
3,410
 
Funded status
 
$
(876)
 
 
(948)
 
Amounts recognized in the balance sheet consist of:
 
 
 
 
 
 
 
Prepaid pension costs
 
$
188
 
 
204
 
Accrued pension liabilities
 
 
(1,064)
 
 
(1,152)
 
Net amount recognized
 
$
(876)
 
 
(948)
 
Schedule of Net Benefit Costs [Table Text Block]
For the years ended December 31, 2015, 2016 and 2017, the net periodic pension cost consisted of the following:
 
 
 
Year Ended December 31,
 
 
 
2015
 
2016
 
2017
 
 
 
(in thousands)
 
Service cost
 
$
-
 
 
16
 
 
16
 
Interest cost
 
 
61
 
 
72
 
 
72
 
Expected return on plan assets
 
 
(54)
 
 
(52)
 
 
(52)
 
Net amortization
 
 
59
 
 
99
 
 
106
 
Net periodic pension cost
 
$
66
 
 
135
 
 
142
 
Schedule of Assumptions Used [Table Text Block]
At December 31, 2016 and 2017, the weighted-average assumptions used in computing the benefit obligation are as follows:
 
 
 
December 31,
 
 
 
2016
 
 
2017
 
 
 
 
 
 
 
 
 
 
Discount rate
 
 
1.80
%
 
 
1.60
%
Rate of increase in compensation levels
 
 
5.00
%
 
 
5.00
%
 
For the years ended December 31, 2015, 2016 and 2017, the weighted average assumptions used in computing net periodic benefit cost are as follows:
 
 
 
Year Ended December 31,
 
 
 
2015
 
2016
 
2017
 
 
 
Whole
 
 
 
 
 
 
 
 
 
 
 
 
Discount rate
 
 
2.00
%
 
1.80
%
 
1.60
%
Rate of increase in compensation levels
 
 
5.00
%
 
5.00
%
 
5.00
%
Expected long-term rate of return on pension assets
 
 
2.00
%
 
1.80
%
 
1.60
%