Quarterly report pursuant to Section 13 or 15(d)

Other Long-Term Liabilities

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Other Long-Term Liabilities
3 Months Ended
Mar. 31, 2013
Other Long-Term Liabilities [Abstract]  
Other Long-Term Liabilities

NOTE 7.  OTHER LONG-TERM LIABILITIES 

 

Other long-term liabilities were $1,939 and $2,000 as of March 31, 2013 and December 31, 2012, respectively.  $1,419 and $1,479 of the balance as of March 31, 2013 and December 31, 2012, respectively, relate to a pension liability of the benefit plan for the Company’s Swiss employees that, under U.S. GAAP, is considered to be a defined benefit plan.  The Company also has an insurance policy whereby any underfunded amounts related to the pension liability are recoverable from the insurance company.  The Company has recorded a receivable of $1,419 and $1,479 as other long-term assets for the underfunded amount as of March 31, 2013 and December 31, 2012, respectively.