Pensions (Tables) - Pension Plan [Member]

12 Months Ended

Dec. 31, 2019

Defined Benefit Plan Disclosure [Line Items]

Schedule of Defined Benefit Pension Plans

Information related to the Company’s defined benefit pension plans was as follows:

 

	Year Ended December 31,
	2019						2018
	U.S.			Non-U.S.			U.S.			Non-U.S.
Change in projected benefit obligations:
Projected benefit obligations at beginning of period	$	288,223		$	183,850		$	315,698		$	197,169
Service cost	809			3,893			852			4,383
Interest cost	10,955			4,037			10,824			4,207
Actuarial (gain) loss	28,771			17,756			(21,684		)	(3,001		)
Benefits paid	(14,625		)	(6,038		)	(17,467		)	(7,125		)
Foreign exchange translation	—			11			—			(10,697		)
Settlements	(58,198		)	(2,263		)	—			(4,974		)
Acquisitions/Divestiture	—			(16,953		)	—			2,778
Other	—			71			—			1,110
Projected benefit obligations at end of period	$	255,935		$	184,364		$	288,223		$	183,850
Change in plan assets:
Fair value of plan assets at beginning of period	$	265,019		$	47,692		$	275,767		$	52,026
Actual return on plan assets	50,488			6,948			(16,631		)	(746		)
Employer contributions	1,929			6,646			23,350			9,136
Benefits paid	(14,625		)	(6,038		)	(17,467		)	(7,125		)
Foreign exchange translation	—			2,399			—			(4,014		)
Settlements	(58,198		)	(2,841		)	—			(3,730		)
Acquisitions/Divestiture	—			—			—			2,145
Fair value of plan assets at end of period	$	244,613		$	54,806		$	265,019		$	47,692
Funded status of the plans	$	(11,322	)	$	(129,558	)	$	(23,204	)	$	(136,158	)

Schedule of Amounts Recognized in Balance Sheet [Table Text Block]

	December 31, 2019						December 31, 2018
	U.S.			Non-U.S.			U.S.			Non-U.S.
Amounts recognized in the consolidated balance sheet:
Other assets	$	2,677		$	1,887		$	524		$	433
Accrued liabilities	$	(1,021	)	$	(4,413	)	$	(1,011	)	$	(4,643	)
Pension benefits (long term)	$	(12,978	)	$	(127,032	)	$	(22,717	)	$	(131,948	)

Schedule of Defined Benefit Plan Amounts Recognized in Other Comprehensive Income (Loss) [Table Text Block]

Pre-tax amounts included in accumulated other comprehensive loss that have not yet been recognized in net periodic benefit (income) cost as of December 31, 2019 and 2018 were as follows:

	December 31, 2019						December 31, 2018
	U.S.			Non-U.S.			U.S.			Non-U.S.
Prior service costs	$	(96	)	$	(351	)	$	(116	)	$	(990	)
Actuarial losses	$	(61,184	)	$	(49,682	)	$	(84,857	)	$	(41,844	)

Schedule of Amounts in Accumulated Other Comprehensive Income (Loss) to be Recognized over Next Fiscal Year [Table Text Block]

Pre-tax amounts included in accumulated other comprehensive loss that are expected to be recognized in net periodic benefit cost during the year ended December 31, 2020 are as follows:

	U.S.			Non-U.S.
Prior service costs	$	(20	)	$	(206	)
Actuarial losses	$	(1,920	)	$	(3,029	)

Components of Net Periodic Benefit Cost

The components of net periodic benefit (income) cost for the Company’s defined benefit plans were as follows:

	Year Ended December 31,
	2019						2018						2017
	U.S.			Non-U.S.			U.S.			Non-U.S.			U.S.			Non-U.S.
Service cost	$	809		$	3,893		$	852		$	4,383		$	814		$	4,025
Interest cost	10,955			4,037			10,824			4,207			11,700			4,341
Expected return on plan assets	(16,353		)	(2,400		)	(17,414		)	(2,178		)	(16,012		)	(2,617		)
Amortization of prior service cost and actuarial loss	2,914			2,373			2,403			2,646			1,871			2,898
Settlements	15,247			572			—			775			—			6,427
Other	—			956			—			—			—			—
Net periodic benefit (income) cost	$	13,572		$	9,431		$	(3,335	)	$	9,833		$	(1,627	)	$	15,074

Weighted Average Assumptions Used to Determine Benefit Obligations

Weighted average assumptions used to determine benefit obligations as of December 31, 2019 and 2018 were as follows:

 

	2019				2018
	U.S.		Non-U.S.		U.S.		Non-U.S.
Discount rate	3.28	%	1.79	%	4.25	%	2.34	%
Rate of compensation increase	N/A		1.33	%	N/A		2.99	%

Weighted Average Assumptions Used to Determine Net Periodic Benefit Costs

Weighted average assumptions used to determine net periodic benefit costs for the years ended December 31, 2019, 2018 and 2017 were as follows:

	2019				2018				2017
	U.S.		Non-U.S.		U.S.		Non-U.S.		U.S.		Non-U.S.
Discount rate	4.25	%	2.40	%	3.55	%	2.17	%	3.99	%	2.23	%
Expected return on plan assets	6.50	%	4.63	%	6.50	%	5.82	%	6.60	%	5.94	%
Rate of compensation increase	N/A		3.31	%	N/A		3.17	%	N/A		3.15	%

Pension Plan Assets at Fair Value

The fair value of the Company’s pension plan assets by category using the three-level hierarchy (see Note 12. “Fair Value Measurements and Financial Instruments”) as of December 31, 2019 and 2018 was as follows:

2019	Level 1		Level 2		Assets measured at NAV (1)		Total
Equity funds	$	16,613	$	20,126	$	—	$	36,739
Equity funds measured at net asset value	—		—		101,053		101,053
Bond funds	—		34,680		—		34,680
Bond funds measured at net asset value	—		—		98,967		98,967
Real estate measured at net asset value	—		—		25,425		25,425
Cash and cash equivalents	2,555		—		—		2,555
Total	$	19,168	$	54,806	$	225,445	$	299,419

 

2018	Level 1		Level 2		Assets measured at NAV (1)		Total
Equity funds	$	15,991	$	20,026	$	—	$	36,017
Equity funds measured at net asset value	—		—		103,105		103,105
Bond funds	3,104		27,666		—		30,770
Bond funds measured at net asset value	—		—		109,372		109,372
Real estate measured at net asset value	—		—		30,520		30,520
Cash and cash equivalents	2,927		—		—		2,927
Total	$	22,022	$	47,692	$	242,997	$	312,711

⁽¹⁾ Certain assets that are measured at fair value using the NAV per share (or its equivalent) practical expedient have not been classified in the fair value hierarchy. These assets are included in this table to present total pension plan assets at fair value.

Reconciliation for Level 3 Inputs Used in Determining Fair Value

The reconciliation for Level 3 investment transfers for the year ended December 31, 2018 is as follows:

Beginning balance of assets classified as Level 3 as of January 1, 2018	$	110
Transfers into (out of) Level 3	(110		)
Ending balance of assets classified as Level 3 as of December 31, 2018	—

Estimated Benefit Payments for Domestic and Foreign Pension Plans

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

 

Years Ending December 31,	U.S.		Non-U.S.		Total
2020	$	16,721	$	6,504	$	23,225
2021	14,756		6,208		20,964
2022	15,475		29,264		44,739
2023	14,761		7,035		21,796
2024	15,477		7,717		23,194
2025 - 2029	75,448		41,698		117,146