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Employee Benefit Plans (Tables)
3 Months Ended
Mar. 31, 2015
General Discussion Of Pension And Other Postretirement Benefits [Abstract]  
Schedule of Benefit Obligation, Fair Value of Plan Assets, and Funded Status of our Plan

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

 

 

Defined Benefit Plan

 

Change in benefit obligation:

 

 

 

Balance at December 31, 2014

$

159,715

 

Service cost

 

76

 

Interest cost

 

1,433

 

Actuarial loss

 

8,156

 

Benefits paid

 

(976

)

Currency changes

 

(7,841

)

Benefit obligation at March 31, 2015

$

160,563

 

Change in plan assets:

 

 

 

Fair value of plan assets at December 31, 2014

$

122,780

 

Actual return on plan assets

 

7,497

 

Employer contribution

 

303

 

Benefits paid

 

(976

)

Currency changes

 

(6,030

)

Fair value of plan assets at March 31, 2015

$

123,574

 

Underfunded status at March 31, 2015

$

(36,989

)

 

Schedule of Assumptions Used

The following weighted-average assumptions were used to determine net periodic benefit costs for the three months ended March 31, 2015:

 

Discount rate

 

3.7

%

Expected long-term return on plan assets

 

5.2

%