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Employee Benefit Plans (Tables)
6 Months Ended
Jun. 30, 2016
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 tables below set forth the benefit obligation, the fair value of plan assets, and the funded status of our plan:

 

 

Defined Benefit Plan

 

Change in benefit obligation:

 

 

 

Balance at December 31, 2015

$

145,019

 

Service cost

 

143

 

Interest cost

 

2,747

 

Actuarial gain

 

20,768

 

Benefits paid

 

(3,057

)

Currency changes

 

(15,708

)

Benefit obligation at June 30, 2016

$

149,912

 

 

 

 

 

Change in plan assets:

 

 

 

Fair value of plan assets at December 31, 2015

$

116,385

 

Actual return on plan assets

 

18,359

 

Employer contribution

 

287

 

Benefits paid

 

(3,057

)

Currency changes

 

(12,543

)

Fair value of plan assets at June 30, 2016

$

119,431

 

Underfunded status at June 30, 2016

$

30,481

 

 

Schedule of Assumptions Used

The following weighted-average assumptions were used to determine net periodic benefit costs for the three months ended June 30, 2016:

 

Discount rate

 

4.0

%

Expected long-term return on plan assets

 

6.0

%