NOTE 7.  OTHER LONG-TERM LIABILITIES

Other long-term liabilities were $1,115 and $1,139 as of June 30, 2012 and December 31, 2011, respectively.  These other long-term liabilities 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 $1,115 and $1,139 as other long-term assets for the underfunded amount as of June 30, 2012 and December 31, 2011, respectively.