Annual report pursuant to Section 13 and 15(d)

Other Long-Term Liabilities

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Other Long-Term Liabilities
12 Months Ended
Dec. 31, 2013
Other Long-Term Liabilities [Abstract]  
Other Long-Term Liabilities

NOTE 8.  OTHER LONG-TERM LIABILITIES

 

Other long-term liabilities were $1,997 and $2,000 as of December 31, 2013 and 2012, respectively, with $1,621 and $1,479 of the balance as of December 31, 2013 and 2012, respectively, relating to a pension liability with respect to the benefit plan maintained for the benefit of the Company’s employees in Switzerland 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 expected to be recoverable.  The Company has recorded a receivable of $1,621 and $1,479 as other long-term assets for the underfunded amount as of December 31, 2013 and 2012, respectively.