XML 59 R44.htm IDEA: XBRL DOCUMENT v3.10.0.1
Employee Benefit Plans - (Tables)
 12 Months Ended
Dec. 31, 2018
Defined Benefit Plan [Abstract]  
Schedule of Benefit Obligations, Assets and Funded Status
as of December 31, 2018 and 2017, were as follows:
 
Pensions
 
Other post-retirement benefits
(in thousands)
2018
 
2017
 
2018
 
2017
Projected benefit obligation at January 1
$
3,881

 
$
3,512

 
$
14,197

 
$
18,600

Service cost
598

 
106

 
—

 
—

Interest cost
455

 
137

 
448

 
621

Benefits paid
(370
)
 
(99
)
 
(1,022
)
 
(1,710
)
Actuarial gain
(530
)
 
(22
)
 
(562
)
 
(3,314
)
Liabilities assumed from the Separation
14,348

 
—

 
—

 
—

Settlements and curtailments
(1,763
)
 
—

 
—

 
—

Foreign currency translation and other
(671
)
 
247

 
—

 
—

Projected benefit obligation at December 31
15,948

 
3,881

 
13,061

 
14,197

 
 

 
 

 
 

 
 

Fair value of plan assets at January 1
3,993

 
3,391

 
—

 
—

Actual return on plan assets
(76
)
 
290

 
—

 
—

Company contributions
4,740

 
166

 
1,022

 
1,710

Benefits paid
(370
)
 
(99
)
 
(1,022
)
 
(1,710
)
Assets assumed from the Separation
9,227

 
—

 
—

 
—

Settlements and curtailments
(1,763
)
 
—

 
—

 
—

Foreign currency translation and other
(621
)
 
245

 
—

 
—

Fair value of plan assets at December 31
15,130

 
3,993

 
—

 
—

Funded (unfunded) status at December 31
$
(818
)
 
$
112

 
$
(13,061
)
 
$
(14,197
)
 
 
 
 
 
 
 
 
Other non-current assets
$
146

 
$
112

 
$
—

 
$
—

Accrued compensation and employee benefits
—

 
—

 
(1,598
)
 
(1,547
)
Other long-term liabilities
(964
)
 
—

 
(11,463
)
 
(12,650
)
Funded (unfunded) status
$
(818
)
 
$
112

 
$
(13,061
)
 
$
(14,197
)
 
 
 
 
 
 
 
 
Accumulated benefit obligations
$
14,076

 
$
3,881

 
$
13,061

 
$
14,197
Summary of the pre-tax amounts in accumulated other comprehensive (income) loss of net periodic benefit cost not yet recognized
The following table summarizes the pre-tax amounts in accumulated other comprehensive (income) loss as of December 31, 2018 and 2017 that have not been recognized as components of net periodic benefit cost:
 
Pensions
 
Other post-retirement
benefits
(in thousands)
2018
 
2017
 
2018
 
2017
Pre-tax amounts recognized in accumulated other comprehensive loss (income):
 
 
 
 
 
 
 
Unrecognized net actuarial loss
$
3,586

 
$
1,449

 
$
5,685

 
$
6,078

Unrecognized prior service cost
25

 
40

 
—

 
—

Unrecognized net transition asset
(8
)
 
(20
)
 
—

 
—

Accumulated other comprehensive loss
$
3,603

 
$
1,469

 
$
5,685

 
$
6,078
Schedule of Benefit Obligations in Excess of Fair Value of Plan Assets
accumulated benefit obligations and fair values of plan assets where the accumulated benefit obligation exceeds the fair value of plan assets as of December 31, 2018 and 2017:
(in thousands)
2018
 
2017
Aggregate accumulated benefit obligation
$
16,783

 
$
—

Aggregate fair value of plan assets
3,672

 
—
Schedule of Net Benefit Costs
Components of the net periodic benefit cost were as follows: 
 
Pensions
 
Other post-retirement benefits
(in thousands)
2018
 
2017
 
2016
 
2018
 
2017
 
2016
Service cost
$
598

 
$
106

 
$
102

 
$
—

 
$
—

 
$
—

Interest cost
455

 
137

 
129

 
448

 
621

 
719

Expected return on plan assets
(593
)
 
(198
)
 
(186
)
 
—

 
—

 
—

Amortization of prior service cost
1

 
2

 
2

 
—

 
—

 
—

Amortization of actuarial loss
127

 
68

 
58

 
202

 
330

 
305

Amortization of transition obligation
1

 
(1
)
 
(1
)
 
—

 
—

 
—

Settlement loss
479

 
—

 
—

 
—

 
—

 
—

Other
—

 
—

 
—

 
—

 
(1
)
 
—

Net periodic benefit cost
$
1,068

 
$
114

 
$
104

 
$
650

 
$
950

 
$
1,024
Schedule of Amounts in Accumulated Other Comprehensive Income (Loss) to be Recognized over Next Fiscal Year
The estimated amounts expected to be amortized from the portion of each component of accumulated other comprehensive loss as a component of net periodic benefit cost, during the next fiscal year are as follows:
(in thousands)
Pensions
 
Other post-retirement benefits
Net actuarial loss
$
158

 
$
200

Prior service cost
1

 
—

Transition obligation
3

 
—
Schedule of Assumptions Used in determining the Benefit Obligation
The following weighted-average assumptions were used to determine the benefit obligations: 
 
Pensions
 
Other post-retirement benefits
 
2018
 
2017
 
2018
 
2017
Discount rate
3.90
%
 
3.50
%
 
4.10
%
 
3.35
%

The following weighted-average assumptions were used to determine the net periodic benefit cost:
 
Pensions
 
Other post-retirement benefits
 
2018
 
2017
 
2016
 
2018
 
2017
Discount rate
3.68
%
 
3.75
%
 
4.00
%
 
3.35
%
 
3.55
%
Expected return on plan assets
4.80
%
 
5.50
%
 
5.75
%
 
 
 
 
Schedule of Allocation of Plan Assets
 
Pensions
 
December 31, 2018
 
December 31, 2017
(in thousands)
Level 1
 
Level 2
 
Level 3
 
Total
 
Level 1
 
Level 2
 
Level 3
 
Total
Mutual funds
$
4,775

 
$
6,683

 
$
—

 
$
11,458

 
$
2,399

 
$
1,594

 
$
—

 
$
3,993

Cash and cash equivalents
3,672

 
—

 
—

 
3,672

 
—

 
—

 
—

 
—

Total
$
8,447

 
$
6,683

 
$
—

 
$
15,130

 
$
2,399

 
$
1,594

 
$
—

 
$
3,993
Schedule of Estimated Future Benefit Payments
(in thousands)
Pensions
 
Other Post-retirement benefits
2019
$
507

 
$
1,598

2020
555

 
1,488

2021
757

 
1,333

2022
1,050

 
1,222

2023
586

 
1,123

2024-2028
3,889

 
3,997