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Employee Benefit Plans (Tables)
12 Months Ended
Dec. 31, 2017
Employee Contributions Under Defined Contribution Plans And Supplemental Employer Contributions

The match of employee contributions under defined contribution plans and supplemental employer contributions for the years ended December 31, 2017,  2016 and 2015 were as follows:

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 

(In millions)

2017

    

2016

    

2015

Company match of employee contributions

$

1.7

 

$

1.6

 

$

1.1

Supplemental employer contributions

 

 —

 

 

0.6

 

 

0.4

 

Components of Net Periodic Benefit Expense

The following table presents the components of the net periodic benefit expense under the German defined benefit pension plans for the years ended December 31, 2017, 2016 and 2015:

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 

(In millions)

2017

 

2016

 

2015

Service cost

$

1.0

 

$

0.9

 

$

0.9

Interest cost

 

0.9

 

 

1.0

 

 

0.7

Amortization of net actuarial gains

 

 —

 

 

(0.3)

 

 

 —

Expected return on plan assets

 

 —

 

 

(0.1)

 

 

(0.1)

Net periodic benefit expense

$

1.9

 

$

1.5

 

$

1.5

 

Changes in Projected Benefit Obligations and Plan Assets

The following table reflects changes in projected benefit obligations and plan assets during the years ended December 31, 2017 and 2016:

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 

(In millions)

2017

 

2016

 

2015

Changes in projected benefit obligations:

 

 

 

 

 

 

 

 

Projected benefit obligations, beginning of period

$

46.5

 

$

42.2

 

$

 —

Projected benefit obligations assumed in business combination

 

 —

 

 

 —

 

 

49.8

Service cost

 

1.0

 

 

0.9

 

 

0.9

Interest cost

 

0.9

 

 

1.0

 

 

0.7

Actuarial loss (gain)

 

(1.3)

 

 

5.0

 

 

(7.2)

Benefits paid

 

(1.0)

 

 

(1.0)

 

 

(0.8)

Currency translation and other

 

6.6

 

 

(1.6)

 

 

(1.2)

Projected benefit obligations, end of period

 

52.7

 

 

46.5

 

 

42.2

Changes in plan assets:

 

 

 

 

 

 

 

 

Fair value of plan assets, beginning of period

 

4.5

 

 

4.2

 

 

 —

Fair value of plan assets acquired in business combination

 

 —

 

 

 —

 

 

3.8

Employer contributions

 

0.6

 

 

0.5

 

 

0.5

Actual return on plan assets

 

 —

 

 

0.1

 

 

0.1

Currency translation and other

 

0.7

 

 

(0.3)

 

 

(0.2)

Fair value of plan assets, end of period

 

5.8

 

 

4.5

 

 

4.2

Accrued pension benefits

$

46.9

 

$

42.0

 

$

38.0

 

Amounts Recognized in Consolidated Balance Sheets

The following table provides additional information about amounts recognized in the consolidated balance sheets as of December 31, 2017 and 2016:

 

 

 

 

 

 

 

December 31,

(In millions)

2017

 

2016

Accrued pension benefits

$

46.9

 

$

42.0

Net actuarial gain (loss) recognized in accumulated other comprehensive income (loss) (before tax)

 

1.5

 

 

(5.1)

Amortization of net actuarial gain expected to be recognized during the next fiscal year (before tax)

 

 —

 

 

 —

Accumulated benefit obligation

 

47.1

 

 

41.3

Projected employer contributions for following year

 

0.6

 

 

0.5

 

Estimated Future Benefit Payments for Company's Pension Plans Expected Future Service

Expected Future Benefit Payments. The following table provides estimated benefit payments for the Company’s pension plans, which reflect expected future service:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 

(In millions)

2018

 

2019

 

2020

 

2021

 

2022

 

2023 to 2027

Expected future benefit payments

$

1.2

 

$

1.3

 

$

1.4

 

$

1.4

 

$

1.5

 

$

8.7

 

Benefit Obligations  
Summary of Assumptions Used to Measure Accrued Pension Benefits

The following table provides assumptions used to determine benefit obligations as of December 31, 2017 and 2016:

 

 

 

 

 

 

 

December 31, 

 

2017

 

2016

Discount rate

1.9

%

 

1.8

%

Rate of compensation increase

2.8

%

 

2.8

%

Pension increase

1.6

%

 

1.6

%

Turnover

2.0

%

 

2.0

%

 

Net Periodic Benefit Cost  
Summary of Assumptions Used to Measure Accrued Pension Benefits

The following table reflects the assumptions used to determine the net periodic benefit expense for the years ended December 31, 2017, 2016 and 2015:

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 

 

2017

 

2016

 

2015

Discount rate

1.8

%

 

2.4

%

 

1.7

%

Expected return on plan assets

1.5

%

 

1.5

%

 

1.5

%

Rate of compensation increase

2.8

%

 

2.8

%

 

3.0

%