XML 52 R36.htm IDEA: XBRL DOCUMENT v3.3.1.900
Pension and Other Postretirement Benefit Plans (Tables)
 12 Months Ended
Dec. 31, 2015
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, 2015 and 2014 consist of (in thousands):
 
2015
 
2014
Deferred tax asset
$
2,660

 
$
2,953

Other long-term liabilities
9,643

 
11,810

Accumulated other comprehensive loss
(9,540
)
 
(10,812
)
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, 2015 and 2014 (in thousands):
 
2015
 
2014
Projected Benefit Obligation:
 
 
 

Projected benefit obligation at beginning of year
$
59,338

 
$
49,456

Service cost
1,787

 
1,445

Interest cost
1,192

 
1,756

Prior service cost (credit) arising during year
—

 
(1,024
)
Benefits paid
(982
)
 
(1,136
)
Administrative expenses
(169
)
 
(220
)
Actuarial (gain) loss, net
(4,416
)
 
16,667

Unrealized (gain) loss on foreign exchange
(5,991
)
 
(7,606
)
Projected benefit obligation at end of year
$
50,759

 
$
59,338

 
 
 
 
Fair Value of Plan Assets:
 
 
 
Fair value of plan assets at beginning of year
$
47,528

 
$
39,504

Increase (decrease) in plan asset value
(2,279
)
 
13,572

Employer contributions
1,829

 
1,897

Benefits paid
(982
)
 
(1,136
)
Administrative expenses
(169
)
 
(220
)
Unrealized gain (loss) on foreign exchange
(4,811
)
 
(6,089
)
Fair value of plan assets at end of year
$
41,116

 
$
47,528

 
 
 
 
Under-funded status of the plan at end of the year
$
(9,643
)
 
$
(11,810
)
 
 
 
 
Accumulated Benefit Obligation
$
43,969

 
$
50,837
Schedule of Net Benefit Costs [Table Text Block]
The components of net periodic pension cost under this plan for the years ended December 31, 2015, 2014, and 2013 included (in thousands):
 
2015
 
2014
 
2013
Service cost
$
1,787

 
$
1,445

 
$
1,582

Interest cost
1,192

 
1,756

 
1,676

Expected return on plan assets
(986
)
 
(1,303
)
 
(1,291
)
Unrecognized pension asset, net
(96
)
 
(87
)
 
(87
)
Prior service cost
(85
)
 
7

 
159

Unrecognized net actuarial loss
727

 
540

 
468

   Net periodic pension cost
$
2,539

 
$
2,358

 
$
2,507
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, 2015 and 2014:
 
2015
 
2014
Weighted average assumed discount rate
2.60%
 
2.20%
Weighted average rate of compensation increase
0% - 3%
 
0% - 3%
This net periodic pension cost was calculated using the following assumptions:
 
2015
 
2014
Weighted average assumed discount rate
2.60%
 
3.70%
Expected long-term rate of return on plan assets
2.60%
 
3.30%
Weighted average rate of compensation increase
3.00%
 
3.00%
Schedule of Expected Benefit Payments [Table Text Block]
Expected benefit payments to eligible participants under this plan for the next five years are as follows (in thousands):
2016
$
1,020

2017
$
1,148

2018
$
1,182

2019
$
1,201

2020
$
1,317

Succeeding five years
$
7,877