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Employee Benefit Plans (Tables)
 12 Months Ended
Dec. 31, 2019
Retirement Benefits [Abstract]  
Changes in Projected Benefit Obligations, Fair Value of Plan Assets, and Funded Status of Plan
Actuarial information regarding these plans is as follows:
 
2019
 
Retirement
Income Plan
National
Service-Related Pension Plan
Other
Post-Retirement Benefits
Superannuation
Total
Change in benefit obligation:
(In thousands)
Benefit obligation – January 1, 2019
$
(43,364
)
$
(30,627
)
$
(678
)
$
(1,385
)
$
(76,054
)
Service cost
—

—

—

(78
)
(78
)
Interest cost
(1,590
)
(1,245
)
(23
)
(49
)
(2,907
)
Actuarial loss
(3,251
)
(4,167
)
(62
)
(77
)
(7,557
)
Benefits paid
2,990

1,003

—

447

4,440

Plan participants’ contributions
—

—

—

(12
)
(12
)
Foreign currency translation loss
—

—

—

2

2

Effect of settlement
—

—

152

—

152

Benefit obligation – end of year
(45,215
)
(35,036
)
(611
)
(1,152
)
(82,014
)
 
 
 
 
 
 
Change in plan assets:
 
 
 
 
 
Fair value of plan assets – January 1, 2019
34,958

23,277

—

1,502

59,737

Actual return on plan assets
6,804

4,556

—

237

11,597

Employer contributions
1,339

1,011

152

58

2,560

Benefits paid
(2,990
)
(1,003
)
—

(447
)
(4,440
)
Effect of settlement
—

—

(152
)
—

(152
)
Plan participants’ contributions
—

—

—

12

12

Foreign currency translation loss
—

—

—

(6
)
(6
)
Fair value of plan assets – end of year
40,111

27,841

—

1,356

69,308

Funded status
$
(5,104
)
$
(7,195
)
$
(611
)
$
204

$
(12,706
)
 
 
 
 
 
 
Amounts recognized on the consolidated balance sheet as of December 31, 2019:
 
 
 
 
 
Pension and post-retirement liability
$
(5,104
)
$
(7,195
)
$
(611
)
$
204

$
(12,706
)
Accumulated other comprehensive loss (income)
6,417

4,501

(21
)
62

10,959

Amounts in accumulated other comprehensive loss consist of:
 
 
 
 
 
Net loss (gain)
6,417

4,501

(21
)
(15
)
10,882

Prior service cost
—

—

—

77

77

 
 
 
 
 
 
Other changes in plan assets and benefit obligations recognized in other comprehensive income (loss):
 
 
 
 
 
Net (gain) loss
(1,793
)
788

(94
)
(78
)
(1,177
)
Amortization of net (loss) gain
(1,509
)
(564
)
4

—

(2,069
)
Amortization of prior service cost
—

—

—

(28
)
(28
)
Amount recognized due to special event
—

—

5

5

10

Foreign currency translation loss
—

—

—

(5
)
(5
)
Total recognized in other comprehensive loss (income)
$
(3,302
)
$
224

$
(85
)
$
(106
)
$
(3,269
)
 
 
 
 
 
 
Information for plans with accumulated benefit obligation in excess of plan assets:
 
 
 
 
 
Projected benefit obligation
$
45,215

$
35,036

$
611

$
1,152

$
82,014

Accumulated benefit obligation
$
45,215

$
35,036

$
611

$
1,038

$
81,900

Fair value of plan assets
$
40,111

$
27,841

$
—

$
1,356

$
69,308



 
2018
 
Retirement
Income Plan
National
Service-Related Pension Plan
Other
Post-Retirement Benefits
Superannuation
Total
Change in benefit obligation:
(In thousands)
Benefit obligation – January 1, 2018
$
(45,386
)
$
(33,405
)
$
(691
)
$
(3,002
)
$
(82,484
)
Service cost
(31
)
(78
)
—

(137
)
(246
)
Interest cost
(1,418
)
(1,199
)
(20
)
(104
)
(2,741
)
Actuarial loss
753

3,125

33

179

4,090

Benefits paid
2,718

930

—

1,391

5,039

Plan participants’ contributions
—

—

—

(21
)
(21
)
Foreign currency translation gain
—

—

—

309

309

Benefit obligation – end of year
(43,364
)
(30,627
)
(678
)
(1,385
)
(76,054
)
 
 
 
 
 
 
Change in plan assets:
 
 
 
 
 
Fair value of plan assets – January 1, 2018
38,218

24,518

—

2,992

65,728

Actual return on plan assets
(2,042
)
(1,446
)
—

50

(3,438
)
Employer contributions
1,499

1,135

—

125

2,759

Benefits paid
(2,717
)
(930
)
—

(1,391
)
(5,038
)
Plan participants’ contributions
—

—

—

21

21

Foreign currency translation gain
—

—

—

(295
)
(295
)
Fair value of plan assets – end of year
34,958

23,277

—

1,502

59,737

Funded status
$
(8,406
)
$
(7,350
)
$
(678
)
$
117

$
(16,317
)
 
 
 
 
 
 
Amounts recognized on the consolidated balance sheet as of December 31, 2018:
 
 
 
 
 
Pension and post-retirement liability
$
(8,406
)
$
(7,350
)
$
(678
)
$
117

$
(16,317
)
Accumulated other comprehensive loss (income)
9,718

4,278

(92
)
170

14,074

Amounts in accumulated other comprehensive loss consist of:
 
 
 
 
 
Net loss (gain)
9,718

4,278

(92
)
65

13,969

Prior service cost
—

—

—

105

105

 
 
 
 
 
 
Other changes in plan assets and benefit obligations recognized in other comprehensive income (loss):
 
 
 
 
 
Net loss (gain)
3,337

(311
)
(34
)
(66
)
2,926

Amortization of net gain
(1,244
)
(715
)
—

—

(1,959
)
Amortization of prior service cost
—

—

—

(28
)
(28
)
Amount recognized due to special event
—

—

—

(64
)
(64
)
Foreign currency translation loss
—

—

—

26

26

Total recognized in other comprehensive loss (income)
$
2,093

$
(1,026
)
$
(34
)
$
(132
)
$
901

 
 
 
 
 
 
Information for plans with accumulated benefit obligation in excess of plan assets:
 
 
 
 
 
Projected benefit obligation
$
43,364

$
30,627

$
678

$
1,385

$
76,054

Accumulated benefit obligation
$
43,364

$
30,627

$
678

$
1,186

$
75,855

Fair value of plan assets
$
34,958

$
23,277

$
—

$
1,502

$
59,737
Schedule of Net Periodic Benefit Costs
The components of net period benefit cost for the years ended December 31, 2019, 2018 and 2017 are as follows:
 
December 31, 2019
 
Retirement Income Plan
National Service-Related Pension Plan
Other
Post-Retirement Benefits
Superannuation
Total
Components of net periodic benefit cost:
(In thousands)
Service cost
$
—

$
—

$
—

$
78

$
78

Interest cost
1,590

1,245

23

49

2,907

Expected return on plan assets
(1,760
)
(1,176
)
—

(74
)
(3,010
)
Amortization of net loss (gain)
1,509

564

(4
)
—

2,069

Amortization of prior service cost
—

—

—

28

28

Effect of settlement
—

—

(5
)
(5
)
(10
)
Net pension benefit cost
$
1,339

$
633

$
14

$
76

$
2,062

 
December 31, 2018
 
Retirement Income Plan
National Service-Related Pension Plan
Other
Post-Retirement Benefits
Superannuation
Total
Components of net periodic benefit cost:
(In thousands)
Service cost
$
31

$
78

$
—

$
137

$
246

Interest cost
1,418

1,199

20

104

2,741

Expected return on plan assets
(2,047
)
(1,369
)
—

(172
)
(3,588
)
Amortization of net loss
1,244

715

—

—

1,959

Amortization of prior service cost
—

—

—

30

30

Effect of settlement
—

—

—

68

68

Net pension benefit cost
$
646

$
623

$
20

$
167

$
1,456

 
December 31, 2017
 
Retirement Income Plan
National Service-Related Pension Plan
Other
Post-Retirement Benefits
Superannuation
Total
Components of net periodic benefit cost:
(In thousands)
Service cost
$
65

$
504

$
—

$
153

$
722

Interest cost
1,583

1,256

22

120

2,981

Expected return on plan assets
(1,757
)
(1,175
)
—

(174
)
(3,106
)
Amortization of net loss (gain)
1,889

815

(1
)
—

2,703

Amortization of prior service cost
—

212

—

9

221

Effect of settlement
—

—

(4
)
67

63

Net pension benefit cost
$
1,780

$
1,612

$
17

$
175

$
3,584
Schedule of Assumptions Used
The weighted average assumptions used to determine benefit obligations and net period benefit costs for the years ended December 31, 2019, 2018 and 2017 are as follows:
 
December 31, 2019
 
Retirement Income
Plan
National Service-Related Pension
Plan
Other
Post-Retirement Benefits
Superan-
nuation
Weighted-average assumptions used to determine obligations (balance sheet):
 
 
 
 
Discount rate
3.00
%
3.25
%
2.55
%
2.30
%
Rate of compensation increase
N/A

N/A

N/A

3.25
%
Weighted-average assumptions used to determine net periodic benefit cost (statement of operations):
 
 
 
 
Discount rate
3.95
%
4.15
%
3.70
%
3.70
%
Expected return on plan assets
6.50
%
6.50
%
N/A

5.00
%
Rate of compensation increase
3.50
%
N/A

N/A

3.25
%
 
December 31, 2018
 
Retirement Income
Plan
National Service-Related Pension
Plan
Other
Post-Retirement Benefits
Superan-
nuation
Weighted-average assumptions used to determine obligations (balance sheet):
 
 
 
 
Discount rate
3.95
%
4.15
%
3.70
%
3.70
%
Rate of compensation increase
3.50
%
N/A

N/A

3.25
%
Weighted-average assumptions used to determine net periodic benefit cost (statement of operations):
 
 
 
 
Discount rate
3.35
%
3.65
%
3.10
%
3.70
%
Expected return on plan assets
7.00
%
7.00
%
N/A

6.00
%
Rate of compensation increase
3.50
%
N/A

N/A

4.00
%
 
December 31, 2017
 
Retirement Income
Plan
National Service-Related Pension
Plan
Other
Post-Retirement Benefits
Superan-
nuation
Weighted-average assumptions used to determine obligations (balance sheet):
 
 
 
 
Discount rate
3.35
%
3.65
%
3.10
%
3.70
%
Rate of compensation increase
3.50
%
N/A

N/A

4.00
%
Weighted-average assumptions used to determine net periodic benefit cost (statement of operations):
 
 
 
 
Discount rate
3.75
%
4.15
%
3.40
%
4.20
%
Expected return on plan assets
7.00
%
7.00
%
N/A

6.00
%
Rate of compensation increase
3.50
%
N/A

N/A

4.00
%
Schedule of Allocation of Plan Assets
The fair values of the Company’s pension plan assets as of December 31, 2019, by category, are as follow:
 
Quoted Prices in Active Markets for Identical Assets
(Level 1)
Significant Observable Inputs
(Level 2)
Significant Unobservable Inputs
(Level 3)
Balance as of December 31, 2019
Assets
(In thousands)
U.S. equities:
 
 
 
 
Large cap(1)
$
—

$
17,698

$
—

$
17,698

Medium cap(1)
—

3,404

—

3,404

Small cap(1)
1,360

1,360

—

2,720

Non-U.S. equities:
 
 
 
 
Large cap(2)
12,919

—

—

12,919

Emerging markets(3)
4,060

—

—

4,060

Fixed-income securities:
 
 
 
 
Money markets(4)
—

3,381

—

3,381

U.S. bonds(5)
10,172

3,397

—

13,569

Non-U.S. bonds(5)
6,806

—

—

6,806

Real estate(6)
—

3,395

—

3,395

Common/collective trusts
—

1,356

—

1,356

Total assets
$
35,317

$
33,991

$
—

$
69,308

The fair values of the Company’s pension plan assets as of December 31, 2018, by category, are as follows:
 
Quoted Prices in Active Markets for Identical Assets
(Level 1)
Significant Observable Inputs
(Level 2)
Significant Unobservable Inputs
(Level 3)
Balance as of December 31, 2018
Assets
(In thousands)
U.S. equities:
 
 
 
 
Large cap(1)
$
—

$
15,141

$
—

$
15,141

Medium cap(1)
—

2,912

—

2,912

Small cap(1)
1,165

1,165

—

2,330

Non-U.S. equities:
 
 
 
 
Large cap(2)
11,065

—

—

11,065

Emerging markets(3)
3,494

—

—

3,494

Fixed-income securities:
 
 
 
 
Money markets(4)
—

2,912

—

2,912

U.S. bonds(5)
8,735

2,912

—

11,647

Non-U.S. bonds(5)
5,822

—

—

5,822

Real estate(6)
—

2,912

—

2,912

Common/collective trusts
—

1,502

—

1,502

Total assets
$
30,281

$
29,456

$
—

$
59,737

(1) 
Includes funds that primarily invest in U.S. common stock.
(2) 
Includes funds that invest primarily in foreign equity and equity-related securities.
(3) 
Includes funds that invest primarily in equity securities of companies in emerging market countries.
(4) 
Includes funds that invest primarily in short-term securities, such as commercial paper.
(5) 
Includes funds either publicly traded (Level 1) or within a separate account (Level 2) held by a regulated investment company. These funds hold primarily debt and fixed-income securities.
(6) 
Includes funds in a separate account held by a regulated investment company that invest primarily in commercial real estate and includes mortgage loans which are backed by the associated properties. The Company can call the investment in these assets with no restrictions.
The allocations of the U.S. Plans’ and the Offshore Plan’s investments by fair value as of December 31, 2019 and 2018 are as follows:
 
U.S. Plans
 
Offshore Plan
 
Actual
Target Allocation
 
Actual
Target Allocation
 
2019
2018
 
2019
2018
 
 
 
 
 
 
 
 
U.S. equities
35%
35%
25–55%
 
20%
16%
19%
Non-U.S. equities
25%
25%
15–45%
 
42%
46%
41%
Fixed-income securities
35%
35%
15–40%
 
8%
9%
13%
Real estate
5%
5%
0–5%
 
8%
8%
8%
Cash and other
—%
—%
—%
 
22%
21%
19%
Schedule of Expected Benefit Payments
The following benefit payments, which reflect expected future services, as appropriate, are expected to be paid for all plans as of December 31, 2019:
Years Ending December 31:
(In thousands)
2020
$
7,796

2021
5,090

2022
5,034

2023
4,862

2024
4,867

Thereafter
22,846

 
$
50,495
Schedule of Multiemployer Plans
Pension Fund
EIN/Pension
Plan Number
Pension Protection
Act Zone Status
FIP/RP Status Pending/
Implemented
Americold Contributions
Surcharge Imposed
2019
2018
2019
2018
2017
 
 
 
 
 
(In thousands)
 
Central Pension Fund of the International Union of Operating Engineers and Participating Employers (2)
36-6052390
Green
Green
No
$
6

$
6

$
3

No
 
 
 
 
 
 
 
 
 
Central States SE & SW Areas Health and Welfare Pension
Plans (1)
36-6044243
Red
Red
Yes/
Implemented
9,238

8,424

8,427

No
 
 
 
 
 
 
 
 
 
New England Teamsters & Trucking Industry Pension Plan (3)
04-6372430
Red
Red
Yes/
Implemented
456

456

566

No
 
 
 
 
 
 
 
 
 
Alternative New England Teamsters & Trucking Industry Pension Plan
04-6372430
Green
Green
No
449

493

98

No
 
 
 
 
 
 
 
 
 
I.U.O.E Stationary Engineers Local 39 Pension Fund (1)
94-6118939
Green
Green
No
194

160

197

No
 
 
 
 
 
 
 
 
 
United Food & Commercial Workers International Union-Industry Pension Fund (4)
51-6055922
Green
Green
No
105

90

87

No
 
 
 
 
 
 
 
 
 
Western Conference of Teamsters Pension Fund (1)
91-6145047
Green
Green
No
7,398

7,632

7,265

No
 
 
 
 
 
 
 
 
 
Minneapolis Food Distributing Industry Pension Plan (1)
41-6047047
Green
Green
Yes/
Implemented
116

180

326

No
 
 
 
 
 
 
 
 
 
 
 
 
 
Total Contributions
$
17,962

$
17,441

$
16,969

 

(1) 
The status information is for the plans’ year end at December 31, 2019 and 2018.
(2) 
The status information is for the plans’ year end at January 31, 2019 and 2018.
(3) 
The status information is for the plans’ year end at September 30, 2019 and 2018. The Company withdrew from the multi-employer plan on October, 31, 2017.
(4) 
The status information is for the plans’ year end at June 30, 2019 and 2018.