Pensions (Tables)

12 Months Ended

Dec. 31, 2012

Defined Benefit Plan Disclosure [Line Items]

Disclose information related to the Company's defined benefit pension plans

The following tables disclose information related to the Company’s defined benefit pension plans.

	Year Ended December 31,
	2011						2012
	U.S.			Non-U.S.			U.S.			Non-U.S.
Change in projected benefit obligation:
Projected benefit obligations at beginning of period	$	286,074		$	136,511		$	308,132		$	162,759
Service cost - employer		1,868			3,088			1,150			3,126
Interest cost		14,746			7,865			13,902			7,793
Actuarial loss		25,265			6,982			26,832			27,647
Amendments		-			-			236			-
Benefits paid		(17,426	)		(7,802	)		(24,577	)		(7,516	)
Acquisition		-			22,770			-			-
Foreign currency exchange rate effect		-			(6,339	)		-			4,653
Curtailment/Settlements		(387	)		(390	)		-			(2,435	)
Transfers		(2,188	)		-			-			-
Other		180			74			80			44
Projected benefit obligations at end of period	$	308,132		$	162,759		$	325,755		$	196,071
Change in plans’ assets:
Fair value of plans’ assets at beginning of period	$	195,978		$	60,557		$	213,927		$	62,689
Actual return on plans’ assets		807			3,232			26,117			3,990
Employer contributions		34,568			8,107			31,062			9,291
Benefits paid		(17,426	)		(7,802	)		(24,577	)		(7,516	)
Foreign currency exchange rate effect		-			(1,015	)		-			2,120
Settlements		-			(390	)		-			(2,435	)
Fair value of plans’ assets at end of period	$	213,927		$	62,689		$	246,529		$	68,139
Funded status of the plans	$	(94,205	)	$	(100,070	)	$	(79,226	)	$	(127,932	)

Amounts recognized in the balance sheet

	Year Ended December 31,
	2011						2012
	U.S.			Non-U.S.			U.S.			Non-U.S.
Amounts recognized in the balance sheets:
Accrued liabilities (current)	$	(814	)	$	(4,027	)	$	(4,218	)	$	(4,176	)
Pension benefits (long term)		(93,391	)		(98,733	)		(75,008	)		(126,265	)
Other assets		-			2,690			-			2,509
Net amount recognized at December 31	$	(94,205	)	$	(100,070	)	$	(79,226	)	$	(127,932	)

Weighted average assumptions used to determine benefit obligations

Weighted average assumptions used to determine benefit obligations at December 31, 2011 and 2012:

	2011						2012
	U.S.			Non-U.S.			U.S.			Non-U.S.
Discount rate		4.67	%		4.87	%		3.88	%		3.59	%
Rate of compensation increase		0.00	%		3.25	%		0.00	%		3.21	%

Weighted-average assumptions used to determine net periodic benefit costs

The following table provides weighted average assumptions used to determine net periodic benefit costs for the five months ended May 31, 2010, the seven months ended December 31, 2010 and the years ended December 31, 2011 and 2012:

	Predecessor						Successor
	Five Months Ended May 31, 2010						Seven Months Ended December 31, 2010						Year Ended December 31,
													2011						2012
	U.S.			Non-U.S.			U.S.			Non-U.S.			U.S.			Non-U.S.			U.S.			Non-U.S.
Discount rate		5.79	%		5.36	%		5.55	%		5.10	%		5.18	%		5.30	%		4.63	%		5.26	%
Expected return on plan assets		8.00	%		6.11	%		8.00	%		7.29	%		7.80	%		7.54	%		7.25	%		6.62	%
Rate of compensation increase		3.25	%		3.50	%		3.25	%		3.49	%		3.25	%		3.77	%		0.00	%		3.69	%

Weighted average asset allocations for pension plans

The weighted average asset allocations for the Company’s pension plans at December 31, 2011 and 2012 by asset category are approximately as follows:

	2011				2012
	U.S.		Non-U.S.		U.S.		Non-U.S.
Equity securities		37%		41%		36%		42%
Debt securities		25%		59%		26%		57%
Real estate		4%		0%		4%		0%
Balanced funds (1)		34%		0%		34%		0%
Cash and cash equivalents		0%		0%		0%		1%
		100%		100%		100%		100%

(1) Invested primarily in equity, fixed income and cash instruments.

Pension plan assets at fair value

The following table sets forth by level, within the fair value hierarchy established by FASB ASC 820, the Company’s pension plan assets at fair value as of December 31, 2011:

	Level One		Level Two		Level Three		Total
Investments
Equity securities	$	47,230	$	49,768	$	7,972	$	104,970
Debt securities		22,769		67,244		-		90,013
Real Estate		-		8,122		-		8,122
Balanced funds		23,410		44,366		5,567		73,343
Cash and cash equivalents		168		-		-		168
Total	$	93,577	$	169,500	$	13,539	$	276,616

The following table sets forth by level, within the fair value hierarchy established by FASB ASC 820, the Company’s pension plan assets at fair value as of December 31, 2012:

	Level One		Level Two		Level Three		Total
Investments
Equity securities	$	45,168	$	56,128	$	15,459	$	116,755
Debt securities		22,718		82,295		-		105,013
Real Estate		-		9,080		-		9,080
Balanced funds		25,066		54,526		3,949		83,541
Cash and cash equivalents		279		-		-		279
Total	$	93,231	$	202,029	$	19,408	$	314,668

Reconciliation for which Level three inputs were used in determining fair value

The following is a reconciliation for which Level 3 inputs were used in determining fair value:

Beginning balance of assets classified as Level 3 as of January 1, 2011	$	11,275
Net purchases		14,351
Total losses		(2,258	)
Transfer to Level 2		(9,829	)
Ending balance of assets classified as Level 3 as of December 31, 2011	$	13,539
Net purchases		6,417
Total gains		1,352
Transfer to Level 2		(1,900	)
Ending balance of assets classified as Level 3 as of December 31, 2012	$	19,408

Estimated benefit payments for domestic and foreign pension plans

The Company estimates its benefit payments for its domestic and foreign pension plans during the next ten years to be as follows:

	U.S		Non-U.S		Total
2013	$	19,272	$	7,032	$	26,304
2014		16,402		6,782		23,184
2015		16,981		7,463		24,444
2016		17,699		9,498		27,197
2017		17,810		10,742		28,552
2018-2022		93,997		57,236		151,233

Pension benefits (long term) [Member]

Defined Benefit Plan Disclosure [Line Items]

Components of net periodic benefit cost (income)

The following table provides the components of net periodic benefit cost for the five months ended May 31, 2010, the seven months ended December 31, 2010 and the years ended December 31, 2011 and 2012:

	Predecessor						Successor
	Five Months Ended May 31, 2010						Seven Months Ended December 31, 2010						Year Ended December 31,
													2011						2012
	U.S.			Non-U.S.			U.S.			Non-U.S.			U.S.			Non-U.S.			U.S.			Non-U.S.
Service cost	$	1,002		$	893		$	1,307		$	1,426		$	1,868		$	3,088		$	1,150		$	3,126
Interest cost		6,278			2,871			8,973			4,032			14,746			7,865			13,902			7,793
Expected return on plan assets		(6,050	)		(1,460	)		(8,619	)		(2,051	)		(16,207	)		(4,036	)		(15,471	)		(4,027	)
Amortization of prior service cost and recognized actuarial loss		1,467			70			-			-			19			40			496			377
Curtailment (gain) settlement		-			-			-			(3,405)			(387)			50			80			473
Other		-			-			-			28			180			-			-			-
Net periodic benefit cost	$	2,697		$	2,374		$	1,661		$	30		$	219		$	7,007		$	157		$	7,742

Estimated benefit payments for domestic and foreign pension plans

The Company estimates its benefit payments for its postretirement benefit plans during the next ten years to be as follows:

	U.S.		Non-U.S.		Total
2013	$	2,562	$	634	$	3,196
2014		2,594		630		3,224
2015		2,621		634		3,255
2016		2,633		659		3,292
2017		2,675		677		3,352
2018 - 2022		13,207		4,248		17,455