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Employee Benefit Plans (Tables)
12 Months Ended
Dec. 31, 2019
Compensation And Retirement Disclosure [Abstract]  
Schedule of Net Periodic Benefit Cost Related to Plans

The net periodic benefit cost related to the plans consisted of the following components during the year ended December 31, 2019 (in thousands):

 

 

 

Year Ended

December 31, 2019

 

Service Cost

 

$

219

 

Interest Cost

 

 

265

 

Net amortization

 

 

 

Net periodic benefit cost

 

$

484

 

Reconciliation of Changes in Plan Assets and Benefit Obligation

The following provides a reconciliation of the changes in plan assets and benefit obligation, and the funded status at the end of the year (in thousands):

 

  

 

Year Ended

December 31, 2019

 

Benefit obligation, January 1

 

$

 

Assumed with acquisition

 

 

16,191

 

Service cost

 

 

219

 

Interest cost

 

 

265

 

Benefits paid

 

 

(456

)

Plan amendments

 

 

 

Actuarial (gains) losses

 

 

1,793

 

Foreign exchange impact

 

 

(341

)

Benefit obligation, December 31

 

 

17,671

 

Underfunded status, December 31

 

$

17,671

 

Schedule of Benefit Payments which Reflect Expected Future Service are Expected To Be Paid

The following benefit payments, which reflect expected future service, are expected to be paid (in thousands):

 

Years Ending December 31,

 

 

 

 

2020

 

$

602

 

2021

 

 

647

 

2022

 

 

687

 

2023

 

 

720

 

2024

 

 

699

 

2025 - 2029

 

 

3,496

 

Schedule of Gross Amounts Recognized Net of Tax in Accumulated Other Comprehensive Loss

The following gross amounts are recognized net of tax in accumulated other comprehensive loss:

 

 

 

Year Ended

December 31, 2019

 

Prior service cost

 

$

 

Net loss

 

 

1,793

 

Net periodic benefit cost

 

$

1,793

 

Weighted Average Assumptions Used In Determining Periodic Net Cost and Benefit Obligation Information Related to Plans

The weighted average assumptions used in determining the periodic net cost and benefit obligation information related to the plans are as follows:

 

 

 

Year Ended

December 31, 2019

 

Net periodic benefit cost :

 

 

 

 

Discount rate

 

 

0.9

%

Rate of compensation increase

 

 

1.7

%

Benefit obligation:

 

 

 

 

Discount rate

 

 

0.9

%

Rate of compensation increase

 

 

1.7

%