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Employee Benefit Plans (Tables)
 12 Months Ended
Dec. 31, 2019
Defined Benefit Plan [Abstract]  
Schedule of Benefit Obligations, Assets and Funded Status
The funded status of our benefit plans, together with the associated balances recognized in our consolidated balance sheets as of December 31, 2019 and 2018, were as follows:
 
Pensions
 
Other post-retirement benefits
(in thousands)
2019
 
2018
 
2019
 
2018
Projected benefit obligation at January 1
$
15,948

 
$
3,881

 
$
13,061

 
$
14,197

Service cost
760

 
598

 
—

 
—

Interest cost
588

 
455

 
503

 
448

Benefits paid
(328
)
 
(370
)
 
(1,751
)
 
(1,022
)
Actuarial (gain)/loss (1)
2,784

 
(530
)
 
1,398

 
(562
)
Liabilities assumed from the Separation
—

 
14,348

 
—

 
—

Amendments
250

 
—

 
—

 
—

Settlements and curtailments
(2,156
)
 
(1,763
)
 
—

 
—

Foreign currency translation and other
503

 
(671
)
 
—

 
—

Projected benefit obligation at December 31
18,349

 
15,948

 
13,211

 
13,061

 
 

 
 

 
 

 
 

Fair value of plan assets at January 1
15,130

 
3,993

 
—

 
—

Actual return on plan assets
1,888

 
(76
)
 
—

 
—

Company contributions
1,486

 
4,740

 
1,751

 
1,022

Benefits paid
(328
)
 
(370
)
 
(1,751
)
 
(1,022
)
Assets assumed from the Separation
—

 
9,227

 
—

 
—

Settlements and curtailments
(2,156
)
 
(1,763
)
 
—

 
—

Foreign currency translation and other
467

 
(621
)
 
—

 
—

Fair value of plan assets at December 31
16,487

 
15,130

 
—

 
—

Funded (unfunded) status at December 31
$
(1,862
)
 
$
(818
)
 
$
(13,211
)
 
$
(13,061
)
 
 
 
 
 
 
 
 
Other non-current assets
$
18

 
$
146

 
$
—

 
$
—

Accrued compensation and employee benefits
—

 
—

 
(1,592
)
 
(1,598
)
Other long-term liabilities
(1,880
)
 
(964
)
 
(11,619
)
 
(11,463
)
Funded (unfunded) status
$
(1,862
)
 
$
(818
)
 
$
(13,211
)
 
$
(13,061
)
 
 
 
 
 
 
 
 
Accumulated benefit obligations
$
16,235

 
$
14,076

 
$
13,211

 
$
13,061


_______________________
(1) Actuarial losses incurred for year ended December 31, 2019 primarily relate to change in discount rate assumption utilized in estimating the projected benefit obligation.
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 loss as of December 31, 2019 and 2018 that have not been recognized as components of net periodic benefit cost:
 
Pensions
 
Other post-retirement
benefits
(in thousands)
2019
 
2018
 
2019
 
2018
Pre-tax amounts recognized in accumulated other comprehensive loss (income):
 
 
 
 
 
 
 
Unrecognized net actuarial loss
$
4,699

 
$
3,586

 
$
6,883

 
$
5,685

Unrecognized prior service cost
274

 
25

 
—

 
—

Unrecognized net transition asset
(10
)
 
(8
)
 
—

 
—

Accumulated other comprehensive loss
$
4,963

 
$
3,603

 
$
6,883

 
$
5,685
Schedule of Accumulated Benefit Obligations in Excess of Fair Value of Plan Assets
The following table summarizes the 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, 2019 and 2018:
 
Pensions
 
Other post-retirement benefits
(in thousands)
2019
 
2018
 
2019
 
2018
Aggregate accumulated benefit obligation
$
4,108

 
$
3,722

 
$
13,211

 
$
13,061

Aggregate fair value of plan assets
3,449

 
3,672

 
—

 
—
Schedule of Projected Benefit Obligations in Excess of Fair Value of Plan Assets
The following table summarizes the projected benefit obligations and fair values of plan assets where the projected benefit obligation exceeds the fair value of plan assets as of December 31, 2019 and 2018:
 
Pensions
 
Other post-retirement benefits
(in thousands)
2019
 
2018
 
2019
 
2018
Aggregate projected benefit obligation
$
13,834

 
$
12,334

 
$
13,211

 
$
13,061

Aggregate fair value of plan assets
11,954

 
11,370

 
—

 
—
Schedule of Net Benefit Costs
Components of the net periodic benefit cost were as follows: 
 
Pensions
 
Other post-retirement benefits
(in thousands)
2019
 
2018
 
2017
 
2019
 
2018
 
2017
Service cost
$
760

 
$
598

 
$
106

 
$
—

 
$
—

 
$
—

Interest cost
588

 
455

 
137

 
503

 
448

 
621

Expected return on plan assets
(733
)
 
(593
)
 
(198
)
 
—

 
—

 
—

Amortization of prior service cost
2

 
1

 
2

 
—

 
—

 
—

Amortization of actuarial loss
162

 
127

 
68

 
200

 
202

 
330

Amortization of transition obligation
2

 
1

 
(1
)
 
—

 
—

 
—

Settlement loss
508

 
479

 
—

 
—

 
—

 
—

Other
—

 
—

 
—

 
—

 
—

 
(1
)
Net periodic benefit cost
$
1,289

 
$
1,068

 
$
114

 
$
703

 
$
650

 
$
950
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
 
2019
 
2018
 
2019
 
2018
Discount rate
3.11
%
 
3.90
%
 
3.00
%
 
4.10
%


The following weighted-average assumptions were used to determine the net periodic benefit cost:
 
Pensions
 
Other post-retirement benefits
 
2019
 
2018
 
2017
 
2019
 
2018
 
2017
Discount rate
3.85
%
 
3.68
%
 
3.75
%
 
4.10
%
 
3.35
%
 
3.55
%
Expected return on plan assets
4.89
%
 
4.80
%
 
5.50
%
 
 
 
 
 
 
Schedule of Allocation of Plan Assets Refer to “Fair value measurements” in Note 1 to these consolidated financial statements for a description of the levels.
 
Pensions
 
December 31, 2019
 
December 31, 2018
(in thousands)
Level 1
 
Level 2
 
Level 3
 
Total
 
Level 1
 
Level 2
 
Level 3
 
Total
Mutual funds
$
5,170

 
$
7,868

 
$
—

 
$
13,038

 
$
4,775

 
$
6,683

 
$
—

 
$
11,458

Cash and cash equivalents
3,449

 
—

 
—

 
3,449

 
3,672

 
—

 
—

 
3,672

Total
$
8,619

 
$
7,868

 
$
—

 
$
16,487

 
$
8,447

 
$
6,683

 
$
—

 
$
15,130
Schedule of Estimated Future Benefit Payments Actual benefit payments may differ from these expected payments.
(in thousands)
Pensions
 
Other Post-retirement benefits
2020
$
1,139

 
$
1,592

2021
857

 
1,424

2022
941

 
1,295

2023
785

 
1,167

2024
782

 
1,040

2025-2029
5,427

 
3,557