Other Long-Term Liabilities
|12 Months Ended|
Dec. 31, 2016
|Other Long-Term Liabilities [Abstract]|
|Other Long-Term Liabilities||
NOTE 7. OTHER LONG-TERM LIABILITIES
Other long-term liabilities were $76 and $1,812 as of December 31, 2016 and 2015, respectively, with $0 and $1,689 of the balance as of December 31, 2016 and 2015, respectively, relating to a pension liability, which is net of pension assets of $0 and $2,849, respectively, with respect to the benefit plan maintained for the benefit of the Company’s employees in Switzerland. Due to the move of the Company’s Black Diamond Equipment European office from Basel, Switzerland to Innsbruck, Austria in 2016, the benefit plan has been closed as of December 31, 2016. The Company also had an insurance policy whereby any underfunded amounts related to the pension liability were expected to be recoverable. The Company has recorded a receivable of $0 and $1,689 as other long-term assets for the underfunded amount as of December 31, 2016 and 2015, respectively. The net periodic pension costs were $191, $526, and $832 for the years ended December 31, 2016, 2015, and 2014, respectively. The significant assumptions used in accounting for the defined benefit pension plan were as follows:
The Company made cash contributions to its defined benefit pension plan of $96, $263, and $416 for the years ended December 31, 2016, 2015, and 2014, respectively.
The entire disclosure for other liabilities.
Reference 1: http://www.xbrl.org/2003/role/presentationRef