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Employee Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2019

Compensation And Retirement Disclosure [Abstract]

The table below sets forth net periodic benefit costs of the plan for the twelve months ended December 31:

	Defined Benefit Plan
	2019			2018
Components of net periodic benefit cost:
Service cost	$	256		$	267
Interest cost		4,069			4,151
Recognized actuarial loss		1,546			2,625
Expected return on plan assets		(7,511	)		(7,339	)
Prior service cost		55			-
Net periodic benefit cost	$	(1,585	)	$	(296	)

Schedule of Benefit Obligation, Fair Value of Plan Assets, and Funded Status of our Plan

The table below sets forth the benefit obligation, the fair value of plan assets, and the funded status as of December 31:

	Defined Benefit Plan
	2019			2018
Change in benefit obligation:
Beginning balance	$	141,104		$	166,063
Service cost		255			267
Interest cost		4,045			4,151
Actuarial loss (gain)		11,214			(9,827	)
Benefits paid		(4,158	)		(3,625	)
Settlements		-			(7,471	)
Currency changes		6,220			(8,454	)
Benefit obligation at December 31	$	158,680		$	141,104

Change in plan assets:
Beginning balance - fair value	$	117,162		$	134,234
Employer contribution		2,629			2,796
Actual return on plan assets		11,791			(2,084	)
Benefits paid		(4,158	)		(3,625	)
Settlements		-			(6,731	)
Currency changes		5,197			(7,428	)
Fair value of plan assets at December 31	$	132,621		$	117,162
Underfunded status at December 31	$	(26,059	)	$	(23,942	)

Schedule of Assumptions Used

The following weighted-average assumptions were used to determine net periodic benefit costs for the twelve months ended December 31:

	2019			2018
Discount rate		2.9	%		2.6	%
Expected long-term return on plan assets		6.4	%		5.6	%

The following weighted-average assumption was used to determine the benefit obligations at December 31:

	2019				2018
Discount rate		2.0	%			2.9	%

Schedule of Allocation Of Plan Assets

The table below sets forth the plan asset allocations of the assets in the plan and expected long-term return by asset category

Asset category	Expected long-term return			Asset allocation
Growth assets		7.8	%		70	%
Hedging assets		1.3	%		27	%
Cash		0.8	%		3	%
Total		5.6	%		100	%

Schedule of Expected Benefit Payments

Benefit plan payments are primarily made from funded benefit plan trusts and current assets. The table below sets forth the expected future benefit payments, including future benefit accrual, as of December 31, 2019

2020	$	4,030
2021		4,592
2022		4,913
2023		5,335
2024		5,668
2025-2029		29,846

Schedule of Effect of Significant Unobservable Inputs, Changes in Plan Assets

The following table summarizes the major categories of the plan assets:

	December 31, 2019
Asset category	Level 1		Level 2		Level 3		Total
Cash and cash equivalents	$	14,057	$	-	$	-	$	14,057
Equity securities:
U.K.		-		683		-		683
Overseas equities		-		5,909		-		5,909
Emerging markets		-		11,413		-		11,413
Fixed income securities:
Government bonds		-		5,160		-		5,160
Non-government bonds		-		9,906		-		9,906
Index-linked securities:
U.K. treasury securities		-		166		-		166
Other types of investments
Hedge funds		-		39,710		-		39,710
Property		-		3,224		-		3,224
Liability-driven investments		-		42,014		-		42,014
Other		-		379		-		379
Total	$	14,057	$	118,564	$	-	$	132,621