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Employee Benefits (Tables)
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12 Months Ended |
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Dec. 31, 2014
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| Defined Benefit Pension Plans and Defined Benefit Postretirement Plans Disclosure [Abstract] |
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| Changes in Projected Benefit Obligations, Fair Value of Plan Assets, and Funded Status of Plan |
Details of the changes in benefit obligations, plan assets and funded status of the Company's pension plans are as follows: | | | | | | | | | | | | | | | | 2014 | | 2013 | | | U.S. Plans | | Non-U.S. Plans | | U.S. Plans | Change in benefit obligation | | | | | | | Benefit obligation, beginning of year | | $ | 57,946 |
| | $ | — |
| | $ | 65,313 |
| Benefit obligation assumed with acquisition | | — |
| | 117,970 |
| | — |
| Service cost | | 334 |
| | 602 |
| | 1,091 |
| Interest cost | | 2,322 |
| | 1,366 |
| | 2,047 |
| Actuarial loss (gain) | | 9,165 |
| | 15,425 |
| | (8,163 | ) | Benefits paid | | (2,757 | ) | | (898 | ) | | (2,342 | ) | Foreign exchange effects | | — |
| | (11,764 | ) | | — |
| Benefit obligation, end of year | | $ | 67,010 |
| | $ | 122,701 |
| | $ | 57,946 |
| | | | | | | | Change in plan assets | | | | | | | Fair value of plan assets, beginning of year | | $ | 49,236 |
| | $ | — |
| | $ | 42,325 |
| Actual return | | 2,953 |
| | — |
| | 7,159 |
| Employer contribution | | 3,983 |
| | 898 |
| | 2,094 |
| Benefits paid | | (2,757 | ) | | (898 | ) | | (2,342 | ) | Fair value of plan assets, end of year | | $ | 53,415 |
| | $ | — |
| | $ | 49,236 |
| Funded status, end of year | | $ | (13,595 | ) | | $ | (122,701 | ) | | $ | (8,710 | ) |
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| Schedule of Amounts Recognized in Balance Sheet |
| | | | | | | | | | | | | | | | 2014 | | 2013 | | | U.S. Plans | | Non-U.S. Plans | | U.S. Plans | Amounts recognized in the consolidated balance sheet at December 31 | | | | | | | Noncurrent liabilities | | $ | (13,595 | ) | | $ | (122,701 | ) | | $ | (8,710 | ) | Net amount recognized | | $ | (13,595 | ) | | $ | (122,701 | ) | | $ | (8,710 | ) |
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| Schedule of Amounts Recognized in Other Comprehensive Income (Loss) |
| | | | | | | | | | | | | | | | 2014 | | 2013 | | | U.S. Plans | | Non-U.S. Plans | | U.S. Plans | Amounts recognized in accumulated other comprehensive income | | | | | | | Net loss | | $ | 15,482 |
| | $ | 15,425 |
| | $ | 6,404 |
| Prior service cost | | — |
| | — |
| | 297 |
| Total before tax (1) | | $ | 15,482 |
| | $ | 15,425 |
| | $ | 6,701 |
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| Schedule Of Accumulated Benefit Obligations In Excess Of Plan Assets |
Pension plans with an accumulated benefit obligation in excess of plan assets at December 31 are as follows: | | | | | | | | | | | | | | | | 2014 | | 2013 | Information for pension plans with an accumulated benefit obligation in excess of plan assets | | U.S. Plans | | Non-U.S. Plans | | U.S. Plans | Projected benefit obligation | | $ | (67,010 | ) | | $ | (122,701 | ) | | $ | (57,946 | ) | Accumulated benefit obligation | | (67,010 | ) | | (119,258 | ) | | (57,946 | ) | Fair value of plan assets | | 53,415 |
| | — |
| | 49,236 |
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| Schedule Of Net Benefit Costs And Amounts Recognized In Other Comprehensive Income |
The following table provides the components of net periodic benefit costs, other changes in plan assets and benefit obligation recognized in other comprehensive income. | | | | | | | | | | | | | | | | | | | | Year Ended December 31, | | | 2014 | | 2013 | | 2012 | | | U.S. Plans | | Non-U.S. Plans | | U.S. Plans | | U.S. Plans | Components of net periodic benefit cost | | | | | | | | | Service cost | | $ | 334 |
| | $ | 602 |
| | $ | 1,091 |
| | $ | 1,005 |
| Interest cost | | 2,322 |
| | 1,366 |
| | 2,047 |
| | 2,580 |
| Expected return on plan assets | | (3,140 | ) | | — |
| | (2,854 | ) | | (2,490 | ) | Net amortization | | 571 |
| | — |
| | 2,255 |
| | 2,071 |
| Net periodic benefit cost | | $ | 87 |
| | $ | 1,968 |
| | $ | 2,539 |
| | $ | 3,166 |
| | | | | | | | | | Other changes in plan assets and benefit obligation recognized in other comprehensive income (OCI) | | | | | | | | | Net loss (gain) emerging | | $ | 9,352 |
| | $ | 15,425 |
| | $ | (12,468 | ) | | $ | 7,765 |
| Curtailment | | — |
| | — |
| | — |
| | (5,484 | ) | Amortization of net loss | | (274 | ) | | — |
| | (1,958 | ) | | (1,774 | ) | Amortization of prior service cost | | (297 | ) | | — |
| | (297 | ) | | (297 | ) | Total recognized in OCI | | $ | 8,781 |
| | $ | 15,425 |
| | $ | (14,723 | ) | | $ | 210 |
| Total net periodic benefit cost and OCI | | $ | 8,868 |
| | $ | 17,393 |
| | $ | (12,184 | ) | | $ | 3,376 |
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| Schedule Of Weighted Average Assumptions Used |
The weighted-average assumptions used to determine pension plan obligations and net periodic benefit costs for the plans are as follows: | | | | | | | | | | | | | | | | 2014 | | 2013 | | 2012 | | | U.S. Plans | | Non-U.S. Plans | | U.S. Plans | | U.S. Plans | Weighted average assumptions used to determine benefit obligations at December 31 | | | | | | | | | Discount rate | | 3.5 | % | | 1.9 | % | | 4.5 | % | | 3.3 | % | Expected return on plan assets | | 7.0 | % | | — | % | | 7.0 | % | | 7.0 | % | Rate of compensation increase | | — | % | | 2.5 | % | | 4.0 | % | | 4.0 | % | Weighted average assumptions used to determine net periodic benefit costs for years ended December 31 | | | | | | | | | Discount rate | | 4.5 | % | | 2.6 | % | | 3.3 | % | | 4.5 | % | Expected return on plan assets | | 7.0 | % | | — | % | | 7.0 | % | | 7.0 | % | Rate of compensation increase | | — | % | | 2.5 | % | | 4.0 | % | | 4.0 | % |
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| Schedule Of Fair Value Of Pension Plan Assets |
The investments in the bank collective trust funds are valued using a market approach based on the net asset value of units held. The fair values of the Company's U.S. plan assets at December 31, by asset category, are as follows: | | | | | | | | | | | | | | | | | | | | 2014 | | 2013 | | | U.S. Plans | | U.S. Plans | | | Level 2 | | Total | | Level 2 | | Total | Bank collective trust funds—Equity securities: | | | | | | | | | Large-cap index funds (1) | | $ | 19,473 |
| | $ | 19,473 |
| | $ | 17,079 |
| | $ | 17,079 |
| Small-cap index funds (2) | | 3,351 |
| | 3,351 |
| | 3,091 |
| | 3,091 |
| International index funds (3) | | 8,474 |
| | 8,474 |
| | 7,482 |
| | 7,482 |
| Bank collective trust funds—Fixed income: | | | | | | | | | Bond index funds (4) | | 21,495 |
| | 21,495 |
| | 21,333 |
| | 21,333 |
| Short term investment funds | | 622 |
| | 622 |
| | 251 |
| | 251 |
| | | $ | 53,415 |
| | $ | 53,415 |
| | $ | 49,236 |
| | $ | 49,236 |
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______________________________ | | (1) | Substantially all of the assets of these funds are invested in large-cap U.S. companies. The remainder of the assets of these funds is invested in cash reserves. |
| | (2) | Substantially all of the assets of these funds are invested in small-cap U.S. companies. The remainder of the assets of these funds is invested in cash reserves. |
| | (3) | Substantially all of the assets of these funds are invested in international companies in developed markets (excluding the United States and Canada). The remainder of the assets of these funds is invested in cash reserves. |
| | (4) | This category represents investment grade bonds of U.S. issuers, including U.S. Treasury notes. |
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| Schedule Of Estimated Future Benefit Payments |
The following benefit payments are expected to be paid: | | | | | | | | | | | | Pension Benefits | | Post- retirement Healthcare | Estimated future benefit payments: | | | | | Year 1 | | $ | 9,095 |
| | $ | 1,798 |
| Year 2 | | 8,420 |
| | 1,945 |
| Year 3 | | 7,968 |
| | 2,109 |
| Year 4 | | 8,702 |
| | 2,068 |
| Year 5 | | 8,928 |
| | 1,784 |
| Years 6 to 10 | | 41,469 |
| | 5,852 |
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