|
Pension and Other Postretirement Benefit Plans (Tables)
|
12 Months Ended |
|
Dec. 31, 2012
|
| Pension and Other Postretirement Benefit Plans [Abstract] |
|
| Schedule of Amounts Recognized in Balance Sheet [Table Text Block] |
Amounts recognized for the Dutch Plan in the Consolidated Balance Sheets for the years ended December 31, 2012 and 2011 consist of (in thousands):
| | | | | | | | | | 2012 | | 2011 | | | | | Other assets | $ | — |
| | $ | 286 |
| Deferred tax asset | 268 |
| | 1,200 |
| Other long-term liabilities | 8,783 |
| | — |
| Accumulated other comprehensive loss | (8,413 | ) | | (1,739 | ) |
|
| Fair Value, by Balance Sheet Grouping [Table Text Block] |
The following table summarizes the fair value balances (in thousands):
| | | | | | | | | | | | | | | | | | | Fair Value Measurement at December 31, 2012 | | Total | | Level 1 | | Level 2 | | Level 3 | Assets: | | | | | | | | Deferred compensation trust assets (1) | $ | 12,654 |
| | — |
| | $ | 12,654 |
| | — |
| | | | | | | | | Liabilities: | | | | | | | | Deferred compensation plan | $ | 18,579 |
| | $ | 2,667 |
| | $ | 15,912 |
| | — |
|
| | | | | | | | | | | | | | | | | | | | Fair Value Measurement at December 31, 2011 | | Total | | Level 1 | | Level 2 | | Level 3 | Assets: | | | | | | | | Deferred compensation trust assets (1) | $ | 9,934 |
| | $ | — |
| | $ | 9,934 |
| | $ | — |
| | | | | | | | | Liabilities: | | | | | | | | Deferred compensation plan | $ | 15,141 |
| | $ | 3,086 |
| | $ | 12,055 |
| | $ | — |
| (1) Trust assets consist of the cash surrender value of life insurance policies and are intended to fund the deferred compensation agreements. |
|
| Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] |
Amounts recognized, net of tax, in Accumulated other comprehensive loss for the years ended December 31, 2012 and 2011 consist of (in thousands):
| | | | | | | | | | 2012 | | 2011 | Prior service cost | $ | (616 | ) | | $ | (734 | ) | Transition asset | 195 |
| | 259 |
| Unrecognized net actuarial loss and foreign exchange | (7,992 | ) | | (1,264 | ) | Total Accumulated other comprehensive loss | $ | (8,413 | ) | | $ | (1,739 | ) |
|
| Schedule of Benefit Obligations in Excess of Fair Value of Plan Assets [Table Text Block] |
The following table summarizes the change in the projected benefit obligation and the fair value of plan assets for the years ended December 31, 2012 and 2011 (in thousands):
| | | | | | | | | | 2012 | | 2011 | Projected Benefit Obligation: | | | |
| Projected benefit obligation at beginning of year | $ | 34,304 |
| | $ | 30,888 |
| Service cost | 1,127 |
| | 1,352 |
| Interest cost | 1,684 |
| | 1,743 |
| Benefits paid | (910 | ) | | (676 | ) | Administrative expenses | (181 | ) | | (185 | ) | Actuarial loss, net | 10,009 |
| | 2,021 |
| Unrealized (gain) loss on foreign exchange | 843 |
| | (839 | ) | Projected benefit obligation at end of year | $ | 46,876 |
| | $ | 34,304 |
| | | | | Fair Value of Plan Assets: | | | | Fair value of plan assets at beginning of year | $ | 34,590 |
| | $ | 26,022 |
| Increase in plan asset value | 2,267 |
| | 8,157 |
| Employer contributions | 1,619 |
| | 1,919 |
| Benefits paid | (910 | ) | | (676 | ) | Administrative expenses | (181 | ) | | (185 | ) | Unrealized gain (loss) on foreign exchange | 708 |
| | (647 | ) | Fair value of plan assets at end of year | $ | 38,093 |
| | $ | 34,590 |
| | | | | Over (under)-funded status of the plan at end of the year | $ | (8,783 | ) | | $ | 286 |
| | | | | Accumulated Benefit Obligation | $ | 39,276 |
| | $ | 28,998 |
|
|
| Schedule of Net Benefit Costs [Table Text Block] |
The components of net periodic pension cost under this plan for the years ended December 31, 2012 and 2011 included (in thousands):
| | | | | | | | | | 2012 | | 2011 | Service cost | $ | 1,127 |
| | $ | 1,352 |
| Interest cost | 1,684 |
| | 1,743 |
| Expected return on plan assets | (1,214 | ) | | (752 | ) | Unrecognized pension asset, net | (87 | ) | | (87 | ) | Prior service cost | 159 |
| | 159 |
| Unrecognized net actuarial loss | — |
| | 326 |
| Net periodic pension cost | $ | 1,669 |
| | $ | 2,741 |
|
|
| Schedule of Assumptions Used [Table Text Block] |
The following actuarial assumptions were used to determine the actuarial present value of our projected benefit obligation at December 31, 2012 and 2011:
| | | | | | 2012 | | 2011 | Weighted average assumed discount rate | 3.60% | | 5.00% | Weighted average rate of compensation increase | 3.00% | | 3.00% |
This net periodic pension cost was calculated using the following assumptions:
| | | | | | 2012 | | 2011 | Weighted average assumed discount rate | 5.00% | | 5.40% | Expected long-term rate of return on plan assets | 3.40% | | 5.40% | Weighted average rate of compensation increase | 3.00% | | 3.00% |
|
| Schedule of Expected Benefit Payments [Table Text Block] |
Expected benefit payments under this plan for the next five years are as follows (in thousands):
| | | | | 2013 | $ | 1,066 |
| 2014 | $ | 1,164 |
| 2015 | $ | 1,182 |
| 2016 | $ | 1,301 |
| 2017 | $ | 1,504 |
| Succeeding five years | $ | 8,720 |
|
|