| Summary Of The Balance Sheet Impact, Including Benefit Obligations, Assets And Funded Status Of The Pension Plan |
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2014
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2013
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Change in benefit obligation:
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Benefit obligation at the beginning of the year
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$
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3,340,000
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$
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5,675,000
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Service cost
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8,000
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5,000
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Interest cost
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143,000
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186,000
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Augmentations
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-
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211,000
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Actuarial losses/(gains)
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363,000
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(198,000)
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Benefits paid
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(78,000)
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(293,000)
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Changes due to plan settlement
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-
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(2,363,000)
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Foreign currency (losses)/gains
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(192,000)
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117,000
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Benefit obligation at the end of the year
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3,584,000
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3,340,000
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Change in plan assets:
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Fair value of plan assets at beginning of year
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3,645,000
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5,547,000
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Actual return on plan assets
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340,000
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343,000
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Employer contributions
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59,000
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297,000
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Benefits paid
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(78,000)
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(293,000)
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Changes due to plan settlement
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-
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(2,363,000)
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Foreign currency (gains)/losses
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(210,000)
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114,000
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Fair value of plan assets at end of year
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3,756,000
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3,645,000
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Funded status at end of year – net asset
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$
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172,000
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$
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305,000
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| Summary Of Components Of Net Periodic (Benefit) Cost |
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2014
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2013
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2012
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Service cost
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$
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8,000
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$
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5,000
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$
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275,000
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Interest cost
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143,000
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186,000
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244,000
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Expected return on assets
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(188,000)
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(229,000)
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(262,000)
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Amortization of prior service cost
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-
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211,000
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-
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Net periodic pension (benefit) cost
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$
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(37,000)
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$
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173,000
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$
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257,000
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