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, 2014
Other Long-Term Liabilities [Abstract]  
Other Long-Term Liabilities

NOTE 6.  OTHER LONG-TERM LIABILITIES

 

Other long-term liabilities were $1,627 and $1,997 as of March 31, 2014 and December 31, 2013, respectively, with $1,627 and $1,621 of the balance as of March 31, 2014 and December 31, 2013, 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 $1,627 and $1,621 as other long-term assets for the underfunded amount as of March 31, 2014 and December 31, 2013, respectively.