Employer Sponsored Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2014

Compensation and Retirement Disclosure [Abstract]

The Company’s funding policy for its domestic defined benefit pension plan is to fund not less than the ERISA minimum funding standard and not more than the maximum amount that can be deducted for federal income tax purposes.

Plan assets and benefit obligations of the domestic defined benefit pension plan are as follows:



	December 31,
In thousands	2014			2013
Change in benefit obligation:
Net benefit obligation at beginning of year	$	53,427		$	60,020
Interest cost	2,348			2,453
Actuarial loss (gain)	7,654			(6,900		)
Gross benefits paid	(12,602		)	(2,146		)
Net benefit obligation at end of year	$	50,827		$	53,427
Change in plan assets:
Fair value of plan assets at beginning of year	$	40,680		$	36,355
Actual return on plan assets	945			5,226
Contributions	4,252			1,245
Gross benefits paid	(12,602		)	(2,146		)
Fair value of plan assets at end of year	$	33,275		$	40,680
Net benefit obligation in excess of plan assets	$	(17,552	)	$	(12,747	)
Balance sheet amounts:
Noncurrent liabilities	$	(17,552	)	$	(12,747	)
Total liabilities	$	(17,552	)	$	(12,747	)
Amounts recognized in accumulated other comprehensive income, net of tax consist of:
Net actuarial loss	$	17,228		$	14,830
Net amount recognized	$	17,228		$	14,830

Schedule of Accumulated Benefit Obligations in Excess of Fair Value of Plan Assets

Aggregated information for the domestic defined benefit pension plan with an accumulated benefit obligation in excess of plan assets is provided in the tables below:



	December 31,
In thousands	2014		2013
Projected benefit obligation	$	50,827	$	53,427
Accumulated benefit obligation	$	50,827	$	53,427
Fair value of plan assets	$	33,275	$	40,680

Summary of Components of Net Periodic Benefit Cost for Domestic Pension Plan

Components of net periodic benefit cost for the domestic pension plan:



	December 31,
In thousands	2014			2013			2012
Interest cost	$	2,348		$	2,453		$	2,583
Expected return on plan assets	(2,798		)	(2,691		)	(2,559		)
Amortization of actuarial net loss	725			1,069			918
Pension settlement cost	4,914			—			—
Total net periodic benefit cost	$	5,189		$	831		$	942

Schedule of Net Periodic Benefit Cost Not yet Recognized

The major assumptions used in determining the year-end benefit obligation and annual net cost for the domestic pension plan are presented in the following table:



	Benefit Obligation				Net Cost
For the years ended December 31,	2014		2013		2014		2013		2012
Discount rate	4.16	%	5.09	%	5.09	%	4.16	%	5.00	%
Expected return on plan assets	7.25	%	7.25	%	7.25	%	7.50	%	7.75	%

Schedule of Allocation of Plan Assets

The following table presents the target allocation of pension plan assets for 2015 and the actual allocation of plan assets as of December 31, 2014 and 2013 by major asset category:



	Target Allocation	Actual Allocation of Plan Assets December 31,
Asset Category	2015	2014		2013
Equity securities:
U.S. Equity	22% - 60%	43	%	37	%
Non-U.S.	15% - 25%	19	%	23	%
Emerging Markets	3% - 9%	6	%	7	%
Fixed income securities:
U.S. Bond funds	12% - 38%	26	%	26	%
Non-U.S. Bond funds	2% - 8%	3	%	5	%
Real estate investment trusts	0% - 8%	—	%	—	%
Cash and cash equivalents	0% - 5%	3	%	2	%

Schedule of Changes in Fair Value of Plan Assets

The following table sets forth by level, within the fair value hierarchy, the Trust’s assets at fair value as of December 31, 2014 and December 31, 2013:



December 31, 2014
In thousands	Level 1		Level 2		Level 3		Total
Equity securities:
U.S. Equity	$	14,272	$	—	$	—	$	14,272
Non-U.S.	6,432		—		—		6,432
Emerging Markets	1,896		—		—		1,896
Fixed income securities:
U.S. Bond funds	8,528		—		—		8,528
Non-U.S. Bond funds	917		—		—		917
Real estate investment trusts	170		—		—		170
Cash and cash equivalents	1,060		—		—		1,060
Total Assets at Fair Value	$	33,275	$	—	$	—	$	33,275



December 31, 2013
In thousands	Level 1		Level 2		Level 3		Total
Equity securities:
U.S. Equity	$	15,141	$	—	$	—	$	15,141
Non-U.S.	9,465		—		—		9,465
Emerging Markets	2,713		—		—		2,713
Fixed income securities:
U.S. Bond funds	10,461		—		—		10,461
Non-U.S. Bond funds	1,847		—		—		1,847
Real estate investment trusts	155		—		—		155
Cash and cash equivalents	898		—		—		898
Total Assets at Fair Value	$	40,680	$	—	$	—	$	40,680

Schedule of Expected Benefit Payments

The Company expects to contribute approximately $0.9 million in cash to its domestic defined benefit pension plan in 2015. Estimated future benefit payments for the next 10 years are as follows:



In thousands	2015		2016		2017		2018		2019		2020-2024
Benefit payments	$	2,337	$	2,365	$	2,430	$	2,510	$	2,647	$	14,490