Postretirement Benefits Other Than Pensions

The Company provides certain retiree health care and life insurance benefits covering certain U.S. salaried and hourly employees and employees in Canada. Employees are generally eligible for benefits upon retirement and completion of a specified number of years of creditable service. The Company’s policy is to fund the cost of these postretirement benefits as these benefits become payable.

The following table discloses information related to the Company’s postretirement benefit plans:



	Year Ended December 31,
	2016						2015
	U.S.			Non-U.S.			U.S.			Non-U.S.
Change in benefit obligation:
Benefit obligations at beginning of year	$	33,955		$	16,455		$	37,753		$	19,487
Service cost	361			372			434			380
Interest cost	1,383			678			1,411			678
Actuarial loss (gain)	112			926			(3,937		)	(266		)
Benefits paid	(1,939		)	(601		)	(1,731		)	(595		)
Other	5			—			25			—
Foreign currency exchange rate effect	—			520			—			(3,229		)
Benefit obligation at end of year	$	33,877		$	18,350		$	33,955		$	16,455

Funded status of the plan	$	(33,877	)	$	(18,350	)	$	(33,955	)	$	(16,455	)

Net amount recognized as of December 31	$	(33,877	)	$	(18,350	)	$	(33,955	)	$	(16,455	)

Included in accumulated other comprehensive loss as of December 31, 2016 are amounts that have not yet been recognized in net periodic benefit cost, including unrecognized prior service credits of $1,910 ($1,710 net of tax) and unrecognized actuarial gains of $11,646 ($13,474 net of tax). The amount included in accumulated other comprehensive loss and expected to be recognized in net periodic benefit cost during the fiscal year ended December 31, 2017 is $1,930.

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



	Year Ended December 31,
	2016						2015						2014
	U.S.			Non-U.S.			U.S.			Non-U.S.			U.S.			Non-U.S.
Service cost	$	361		$	372		$	434		$	380		$	422		$	545
Interest cost	1,383			678			1,411			678			1,589			752
Amortization of prior service credit and recognized actuarial gain	(2,026		)	(62		)	(1,584		)	(20		)	(1,926		)	(286		)
Other	5			—			25			—			25			—
Net periodic benefit (income) cost	$	(277	)	$	988		$	286		$	1,038		$	110		$	1,011

Plan Assumptions

The following table provides weighted average assumptions used to determine benefit obligations as of December 31, 2016 and 2015:



	2016				2015
	U.S.		Non-U.S.		U.S.		Non-U.S.
Discount rate	3.95	%	3.70	%	4.20	%	4.00	%

The following table provides weighted average assumptions used to determine net periodic benefit costs for the years ended December 31, 2016, 2015 and 2014:



	2016				2015				2014
	U.S.		Non-U.S.		U.S.		Non-U.S.		U.S.		Non-U.S.
Discount rate	4.20	%	4.00	%	3.85	%	3.90	%	4.60	%	4.70	%

As of December 31, 2016, the weighted average assumed annual rate of increase in the cost of health care benefits (health care cost trend rate) for 2017 is 5.49% for the U.S. and 6.00% for Non-U.S., both declining over time to 5.00% in 2018. A one-percentage point change in the assumed health care cost trend rate would have had the following effects:



	Increase		Decrease
Effect on service and interest cost components	$	217	$	(173	)
Effect on projected benefit obligations	3,268		(2,647		)

Expected Future Postretirement Benefit Payments

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
2017	$	2,087	$	558	$	2,645
2018	2,158		559		2,717
2019	2,216		602		2,818
2020	2,235		649		2,884
2021	2,259		698		2,957
2022 - 2026	11,364		4,173		15,537

Other

Other postretirement benefits recorded in the Company’s consolidated balance sheets include $4,592 and $5,102 as of December 31, 2016 and 2015, respectively, for termination indemnity plans for two of the Company’s European locations.