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Employee Benefit Plans (Tables)
9 Months Ended
Sep. 30, 2016
Compensation And Retirement Disclosure [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

 

209

 

Interest cost

 

3,965

 

Actuarial gain

 

45,103

 

Benefits paid

 

(6,543

)

Currency changes

 

(20,819

)

Benefit obligation at September 30, 2016

$

166,934

 

 

 

 

 

Change in plan assets:

 

 

 

Fair value of plan assets at December 31, 2015

$

116,385

 

Actual return on plan assets

 

33,922

 

Employer contribution

 

278

 

Benefits paid

 

(6,543

)

Currency changes

 

(16,271

)

Fair value of plan assets at September 30, 2016

$

127,771

 

Underfunded status at September 30, 2016

$

39,163

 

 

Schedule of Assumptions Used

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

 

Discount rate

 

4.0

%

Expected long-term return on plan assets

 

6.0

%