XML 55 R38.htm IDEA: XBRL DOCUMENT v3.10.0.1
Pension and Other Postretirement Benefit Plans (Tables)
 12 Months Ended
Dec. 31, 2018
Retirement Benefits [Abstract]  
Schedule of Benefit Obligations in Excess of Fair Value of Plan Assets
The following table summarizes the change in the projected benefit obligation and the fair value of plan assets for the Dutch Plan for the years ended December 31, 2018 and 2017 (in thousands):
 
2018
 
2017
Projected Benefit Obligation:
 
 
 

Projected benefit obligation at beginning of year
$
63,398

 
$
56,082

Service cost
1,453

 
1,494

Prior service cost
(157
)
 
—

Interest cost
1,244

 
1,121

Amendments/curtailments
(1,219
)
 
—

Benefits paid
(1,349
)
 
(1,212
)
Administrative expenses
—

 
(35
)
Actuarial (gain) loss, net
(383
)
 
(1,005
)
Unrealized (gain) loss on foreign exchange
(2,316
)
 
6,953

Projected benefit obligation at end of year
$
60,671

 
$
63,398

 
 
 
 
Fair Value of Plan Assets:
 
 
 
Fair value of plan assets at beginning of year
$
53,145

 
$
46,134

Increase in plan asset value
2,251

 
919

Employer contributions
1,282

 
1,595

Benefits paid
(1,349
)
 
(1,212
)
Administrative expenses
(37
)
 
(35
)
Unrealized gain (loss) on foreign exchange
(2,019
)
 
5,744

Fair value of plan assets at end of year
$
53,273

 
$
53,145

 
 
 
 
Under-funded status of the plan at end of the year
$
(7,398
)
 
$
(10,253
)
 
 
 
 
Accumulated Benefit Obligation
$
55,863

 
$
56,035
Schedule of Assumptions Used
The following actuarial assumptions were used to determine the actuarial present value of our projected benefit obligation and the net periodic pension costs for the Dutch Plan at December 31, 2018 and 2017:

 
2018
 
2017
Weighted average assumed discount rate
1.75%
 
2.00%
Expected long-term rate of return on plan assets
1.75%
 
2.00%
Weighted average rate of compensation increase
2.80%
 
2.90%
Schedule of Amounts Recognized in Balance Sheet
Amounts recognized for the Dutch Plan in the Consolidated Balance Sheets at December 31, 2018 and 2017 consist of (in thousands):
 
2018
 
2017
Deferred tax asset
$
4,369

 
$
2,564

Other long-term liabilities
7,398

 
10,253

Accumulated other comprehensive loss
(5,650
)
 
(8,162
)
Schedule of Net Benefit Costs
The components of net periodic pension cost for the Dutch Plan under this plan for the years ended December 31, 2018, 2017, and 2016 included (in thousands):
 
2018
 
2017
 
2016
Service cost
$
1,453

 
$
1,494

 
$
1,456

Interest cost
1,244

 
1,121

 
1,329

Expected return on plan assets
(1,077
)
 
(950
)
 
(1,117
)
Administrative charges
37

 
—

 
—

Curtailment
(1,219
)
 
—

 
—

Prior service cost
(106
)
 
(77
)
 
(81
)
Unrecognized net actuarial loss
1,706

 
440

 
593

   Net periodic pension cost
$
2,038

 
$
2,028

 
$
2,180
Schedule of Expected Benefit Payments
Expected benefit payments to eligible participants under this plan for the next five years are as follows (in thousands):
2019
$
1,346

2020
$
1,407

2021
$
1,483

2022
$
1,580

2023
$
1,612

Succeeding five years
$
9,728