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PENSION PLAN (Tables)
 12 Months Ended
Dec. 31, 2018
Defined Benefit Plan [Abstract]  
Schedule of pension plan expenses

The components of the expense the Company incurred under the pension plan are as follows:

  

    For the Year Ended     Affected Line Item
    December 31,     in the Statements of
    2018     2017     Consolidated Operations
Current service cost, net of employee contributions   $ 54     $ 42     Selling, general and administrative
Interest cost on accrued benefit obligation     98       103     Other expense
Expected return on plan assets     (168 )     (163 )   Other expense
Amortization of transitional obligation     10       10     Other expense
Amortization of past service costs     7       7     Other expense
Amortization of net actuarial gain     54       47     Other expense
Total cost of benefit   $ 55     $ 46    
Schedule of reconciliation of projected benefit obligation

The Company’s obligations pursuant to the pension plan are as follows:

 

    December 31,  
    2018     2017  
Projected benefit obligation, at beginning of year   $ 2,985     $ 2,628  
Current service cost, net of employee contributions     54       42  
Employee contributions     32       31  
Interest cost     98       103  
Impact of change in discount rate     (219 )     173  
Benefits paid     (166 )     (180 )
Foreign exchange adjustment     (229 )     188  
Projected benefit obligation, at end of year   $ 2,555     $ 2,985  
Schedule of expected benefit payments

A summary of expected benefit payments related to the pension plan is as follows:

 

Years Ending December 31,     Pension Plan  
2019     $ 152  
2020       148  
2021       145  
2022       141  
2023       137  
2024-2028       660  
Schedule of other changes in plan assets and benefit obligations recognized in other comprehensive income (loss)

Other changes in plan assets and benefit obligations recognized in other comprehensive income / (loss) are as follows:

 

    For the Year Ended  
    December 31,  
    2018     2017  
Net income/(loss)   $ 15     $ (199 )
Amortization of prior service cost     7       7  
Amortization of gain     54       47  
Amortization of transitional asset     10       10  
      86       (135 )
Taxes     24       (27 )
Total recognized in other comprehensive income/(loss), net of taxes   $ 62     $ (108 )
Schedule of amounts not yet been recognized as components of net benefit cost included in accumulated other comprehensive income (loss)

The accumulated other comprehensive income / (loss) consists of the following amounts that have not yet been recognized as components of net benefit cost:

 

    December 31,  
    2018     2017  
Unrecognized prior service cost   $ 81     $ 88  
Unrecognized net actuarial loss     1,442       1,508  
Unrecognized transitional obligation     35       46  
Deferred income taxes     (413 )     (435 )
Total   $ 1,145     $ 1,207
Schedule of asset allocations

The asset allocation for the pension plan at the end of 2018 and 2017 and the target allocation for 2019, by asset category, is as follows:

 

    December 31,     2019 Target  
    2018     2017     Allocation  
Equity securities     36 %     34 %     36 %
Fixed income securities     56       57       56  
Real estate     8       7       8  
Other     0       2       0  
Total     100 %     100 %     100 %
Schedule of fair value of plan assets

The fair market values, by asset category are as follows:

 

    Fair Value Measurements at  
    December 31,  
    2018     2017  
Equity securities   $ 867     $ 919  
Fixed income securities     1,348       1,540  
Real estate     192       189  
Other     —       54  
Total   $ 2,407     $ 2,702  

 

Schedule of changes in the assets held by the pension plan

Changes in the assets held by the pension plan in the years 2018 and 2017 are as follows:

 

    December 31,  
    2018     2017  
Fair value of plan assets, at beginning of year   $ 2,702     $ 2,456  
Actual return on plan assets     (35 )     136  
Employer contributions     87       85  
Employee contributions     32       31  
Benefits paid     (166 )     (180 )
Foreign exchange adjustment     (213 )     174  
Fair value of plan assets, at end of year   $ 2,407     $ 2,702  

 
Schedule of funded status

The funded status of the pension plan is as follows:

 

    December 31,  
    2018     2017  
Projected benefit obligation   $ 2,555     $ 2,985  
Fair value of plan assets     2,407       2,702  
Accrued obligation (long term)   $ 148     $ 283
Schedule of assumptions used in accounting for the pension plan

Assumptions used in accounting for the pension plan are as follows:

 

    December 31,  
    2018     2017  
Weighted average discount rate used to determine the accrued benefit obligations     3.90 %     3.40 %
Discount rate used to determine the net pension expense     3.40 %     3.80 %
Expected long-term rate on plan assets     6.50 %     6.50 %