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138 - Disclosure - Defined Benefit Pension Obligation (Tables)
(http://www.ariad.com/taxonomy/role/NotesToFinancialStatementsPensionAndOtherPostretirementBenefitsDisclosureTextBlockTables)
TableStatement [Table]
Slicers (applies to each fact value in each table cell)
Reporting Entity [Axis]0000884731 (http://www.sec.gov/CIK)
Legal Entity [Axis]Entity [Domain]
Statement [Line Items]Period [Axis]
2015-01-01 - 2015-12-31
Summarized Information on Changes in Plan Obligations and Plan Assets

Summarized information regarding changes in the plan obligations and plan assets, the funded status and the amounts recorded as of December 31, 2015 and 2014 is as follows:

 

In thousands    2015      2014  

Benefit obligation, beginning of year

    $ 14,210       $ 7,876   

Service cost

      1,729         1,081   

Interest cost

      134         163   

Plan participants’ contributions

      546         486   

Actuarial loss (gain)

      93         3,057   

Plan change

      (495 )       —     

Employee vested funds brought to plan, net

      (382 )       2,183   

Expenses paid from assets

      (25 )       —     

Translation gain

      (86 )       (636 ) 
  

 

 

     

 

 

  

Benefit obligation, end of year

      15,724         14,210   
  

 

 

     

 

 

  

Fair value of plan assets, beginning of year

      9,620         5,998   

Actual return on plan assets

      170         130   

Employer contributions

      1,471         1,285   

Plan participants’ contributions

      546         483   

Employee vested funds brought to plan, net

      (382 )       2,183   

Expenses paid from assets

      (25 )       —     

Translation loss

      (99 )       (459 ) 
  

 

 

     

 

 

  

Fair value of plan assets, end of year

      11,301         9,620   
  

 

 

     

 

 

  

Unfunded liability, end of year

    $ 4,423       $ 4,590   
  

 

 

     

 

 

  
  
Accumulated and Projected Benefit Obligations and Fair Value of Plan Assets

The projected benefit obligation, the accumulated benefit obligation and the fair value of the plan assets as of December 31, 2015 and 2014 were as follows:

 

In thousands    2015      2014  

Projected benefit obligation

    $ 15,724       $ 14,210   

Accumulated benefit obligation

    $ 15,012       $ 13,839   

Fair value of plan assets

    $ 11,301       $ 9,619   
  
Net Periodic Benefit Cost for Plan

The net periodic benefit cost for the plan for the year ended December 31, 2015 and 2014 were as follows:

 

In thousands    2015      2014  

Service cost

    $ 1,729       $ 1,081   

Interest cost

      134         163   

Expected return on plan assets

      (96 )       (137 ) 

Amortization of prior service cost

      329         150   
  

 

 

     

 

 

  

Net periodic benefit cost

    $ 2,096       $ 1,257   
  

 

 

     

 

 

  
  
Changes in Plan Assets and Benefit Obligation Recognized in Accumulated Other Comprehensive Income (Loss)

Other changes in the plan assets and the benefit obligation that are recognized in accumulated other comprehensive income (loss) for the years ended December 31, 2015 and 2014 were as follows:

 

In thousands    2015      2014  

Pension liability in other comprehensive income, beginning of year

    $ (4,359 )     $ (1,495 ) 

Plan change

      495         —    

Net gain

      (18 )       (3,014 ) 

Amortization of prior service cost

      329         150   
  

 

 

     

 

 

  

Pension liability in other comprehensive income, end of year

    $ (3,553 )     $ (4,359 ) 
  

 

 

     

 

 

  
  
Assumptions Used to Determine Benefit Obligation and Net Periodic Benefit Costs

The assumptions used to determine the benefit obligation at December 31, 2015 and 2014 were as follows:

 

     2015     2014  

Discount rate

      0.75 %      1.25 % 

Rate of compensation increase

      1.50 %      1.50 % 

The assumptions used to determine net periodic benefit costs for 2015 and 2014 were as follows:

 

     2015     2014  

Discount rate

      0.75 %      1.25 % 

Expected long-term return on plan assets

      0.75 %      1.25 % 

Rate of compensation increase

      1.50 %      1.50 % 
  
Benefit Payments Expected to be Paid for Expected Future Service

The following benefit payments, which reflect expected future service, as appropriate, are expected to be paid:

 

In thousands       

2016

    $ 658   

2017

      698   

2018

      728   

2019

      742   

2020

      750   

2021-2025

      4,399   
  

 

 

  
   $ 7,975