Quarterly report pursuant to Section 13 or 15(d)

Other Long-Term Liabilities

v3.3.0.814
Other Long-Term Liabilities
9 Months Ended
Sep. 30, 2015
Other Long-Term Liabilities [Abstract]  
Other Long-Term Liabilities

NOTE 7.  OTHER LONG-TERM LIABILITIES

 

Other long-term liabilities were $2,412 and $2,142 as of September 30, 2015 and December 31, 2014, respectively, with $2,169 and $2,131 of the balance as of September 30, 2015 and December 31, 2014, 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 $2,169 and $2,131 as other long-term assets for the underfunded amount as of September 30, 2015 and December 31, 2014, respectively.