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Employee Benefit Plans (Tables)
9 Months Ended
Sep. 30, 2014
General Discussion Of Pension And Other Postretirement Benefits [Abstract]  
Schedule of Benefit Obligation, Fair Value of Plan Assets, and Funded Status of the Company’s Plan

The following tables set forth the benefit obligation, the fair value of plan assets, and the funded status of the Company’s plan (in thousands):

 

 

Defined Benefit Plan

 

 

 

 

 

Change in benefit obligation:

 

 

 

Balance at December 31, 2013

$

149,316

 

Service cost

 

250

 

Interest cost

 

5,108

 

Actuarial loss

 

9,468

 

Benefits paid

 

(3,443

)

Currency changes

 

(3,474

)

Benefit obligation at September 30, 2014

$

157,225

 

Change in plan assets:

 

 

 

Fair value of plan assets at December 31, 2013

$

116,568

 

Actual return on plan assets

 

8,169

 

Employer contribution

 

334

 

Benefits paid

 

(3,443

)

Currency changes

 

(2,602

)

Fair value of plan assets at September 30, 2014

$

119,026

 

Underfunded status at September 30, 2014

$

(38,199

)

 

Schedule of Assumptions Used

The following weighted-average assumptions were used to determine net periodic benefit costs for the nine months ended September 30, 2014:

 

Discount rate

 

4.6

%

Expected long-term return on plan assets

 

5.9

%