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Employee Benefit Plans (Tables)
6 Months Ended
Jun. 30, 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

 

152

 

Interest cost

 

2,840

 

Actuarial gain

 

(2,881

)

Benefits paid

 

(2,064

)

Currency changes

 

1,318

 

Benefit obligation at June 30, 2015

$

159,080

 

Change in plan assets:

 

 

 

Fair value of plan assets at December 31, 2014

$

122,780

 

Actual return on plan assets

 

1,944

 

Employer contribution

 

305

 

Benefits paid

 

(2,064

)

Currency changes

 

1,068

 

Fair value of plan assets at June 30, 2015

$

124,033

 

Underfunded status at June 30, 2015

$

(35,047

)

 

Schedule of Assumptions Used

The following weighted-average assumptions were used to determine net periodic benefit costs for the three months ended June 30, 2015:

 

Discount rate

 

3.7

%

Expected long-term return on plan assets

 

5.2

%