Pensions (Tables)

12 Months Ended

Dec. 31, 2014

Defined Benefit Plan Disclosure [Line Items]

Disclose Information Related to Company's Defined Benefit Pension Plans

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

	Year Ended December 31,
	2013						2014
	U.S.			Non-U.S.			U.S.			Non-U.S.
Change in projected benefit obligation:
Projected benefit obligations at beginning of period	$	325,755		$	196,071		$	293,488		$	196,495
Service cost	1,221			3,544			850			3,367
Interest cost	12,207			6,816			13,479			7,069
Actuarial loss (gain)	(24,197		)	(6,861		)	47,944			36,857
Amendments	—			2,478			—			—
Benefits paid	(21,498		)	(8,209		)	(14,331		)	(9,588		)
Foreign currency exchange rate effect	—			1,758			—			(23,226		)
Curtailment/settlements	—			(271		)	(19,100		)	(692		)
Other	—			1,169			—			438
Projected benefit obligations at end of period	$	293,488		$	196,495		$	322,330		$	210,720
Change in plan assets:
Fair value of plan assets at beginning of period	$	246,529		$	68,139		$	269,601		$	70,929
Actual return on plan assets	22,422			5,299			22,892			9,874
Employer contributions	22,148			9,301			9,800			9,979
Benefits paid	(21,498		)	(8,209		)	(14,331		)	(9,588		)
Foreign currency exchange rate effect	—			(3,159		)	—			(5,842		)
Settlements	—			(442		)	(19,100		)	(692		)
Fair value of plan assets at end of period	$	269,601		$	70,929		$	268,862		$	74,660
Funded status of the plans	$	(23,887	)	$	(125,566	)	$	(53,468	)	$	(136,060	)

Amounts Recognized in Balance Sheet

	Year Ended December 31,
	2013						2014
	U.S.			Non-U.S.			U.S.			Non-U.S.
Amounts recognized in the balance sheets:
Accrued liabilities (current)	$	(956	)	$	(4,497	)	$	(924	)	$	(4,016	)
Pension benefits (long term)	(22,931		)	(128,182		)	(52,544		)	(139,261		)
Other assets	—			7,113			—			7,217
Net amount recognized at December 31	$	(23,887	)	$	(125,566	)	$	(53,468	)	$	(136,060	)

Weighted Average Assumptions Used to Determine Benefit Obligations

Weighted average assumptions used to determine benefit obligations at December 31, 2013 and 2014:

	2013				2014
	U.S.		Non-U.S.		U.S.		Non-U.S.
Discount rate	4.74	%	3.79	%	3.94	%	2.66	%
Rate of compensation increase	N/A		3.17	%	N/A		3.11	%

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 years ended December 31, 2012, 2013 and 2014:

	2012				2013				2014
	U.S.		Non-U.S.		U.S.		Non-U.S.		U.S.		Non-U.S.
Discount rate	4.63	%	5.26	%	3.80	%	3.55	%	4.68	%	3.72	%
Expected return on plan assets	7.25	%	6.62	%	7.00	%	5.73	%	7.15	%	5.63	%
Rate of compensation increase	N/A		3.69	%	N/A		3.59	%	N/A		3.69	%

Weighted Average Asset Allocations for Pension Plans

The weighted average asset allocations for the Company’s pension plans at December 31, 2013 and 2014 by asset category are approximately as follows:

	2013				2014
	U.S.		Non-U.S.		U.S.		Non-U.S.
Equity securities	28	%	44	%	23	%	34	%
Debt securities	30	%	55	%	33	%	66	%
Real estate	4	%	0	%	4	%	0	%
Balanced funds(1)	38	%	0	%	40	%	0	%
Cash and cash equivalents	0	%	1	%	0	%	0	%
	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 ASC 820, "Fair Value Measurement," the Company’s pension plan assets at fair value as of December 31, 2013 and December 31, 2014:

2013	Level One		Level Two		Level Three		Total
Investments
Equity securities	$	43,860	$	50,281	$	13,548	$	107,689
Debt securities	34,438		84,327		—		118,765
Real Estate	—		10,321		—		10,321
Balanced funds	37,572		62,393		3,585		103,550
Cash and cash equivalents	205		—		—		205
Total	$	116,075	$	207,322	$	17,133	$	340,530

2014	Level One		Level Two		Level Three		Total
Investments
Equity securities	$	29,069	$	47,702	$	10,286	$	87,057
Debt securities	36,391		99,869		—		136,260
Real Estate	—		11,654		—		11,654
Balanced funds	40,891		63,999		3,538		108,428
Cash and cash equivalents	123		—		—		123
Total	$	106,474	$	223,224	$	13,824	$	343,522

Reconciliation for Level 3 Inputs 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, 2013	$	19,408
Purchases, sales and settlements, net	21
Total losses	(1,511		)
Transfers into (out of) Level 3	(785		)
Ending balance of assets classified as Level 3 as of December 31, 2013	$	17,133
Purchases, sales and settlements, net	(2,987		)
Total losses	(136		)
Transfers into (out of) Level 3	(186		)
Ending balance of assets classified as Level 3 as of December 31, 2014	$	13,824

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
2015	$	18,418	$	6,410	$	24,828
2016	17,754		6,987		24,741
2017	17,772		9,222		26,994
2018	18,218		9,350		27,568
2019	18,599		10,404		29,003
2020-2024	94,536		57,427		151,963

Pension Plan [Member]

Defined Benefit Plan Disclosure [Line Items]

Components of Net Periodic Benefit Cost

The following table provides the components of net periodic benefit cost for the plans:

	Year Ended December 31,
	2012						2013						2014
	U.S.			Non-U.S.			U.S.			Non-U.S.			U.S.			Non-U.S.
Service cost	$	1,150		$	3,126		$	1,221		$	3,544		$	850		$	3,367
Interest cost	13,902			7,793			12,207			6,816			13,479			7,069
Expected return on plan assets	(15,471		)	(4,027		)	(17,368		)	(3,741		)	(19,055		)	(3,828		)
Amortization of prior service cost and actuarial loss	496			377			1,375			1,315			67			894
Curtailment/settlements	80			473			783			121			3,637			444
Other	—			—			—			1,018			—			(1		)
Net periodic benefit cost (income)	$	157		$	7,742		$	(1,782	)	$	9,073		$	(1,022	)	$	7,945