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Employer Sponsored Benefit Plans (Tables)
12 Months Ended
Dec. 31, 2015
Compensation and Retirement Disclosure [Abstract]  
Schedule of Net Funded Status
Plan assets and benefit obligations of the domestic defined benefit pension plan are as follows:
 
December 31,
In thousands
2015
 
2014
Change in benefit obligation:
 
 
 
Net benefit obligation at beginning of year
$
50,827

 
$
53,427

Interest cost
2,066

 
2,348

Actuarial loss (gain)
(2,430
)
 
7,654

Gross benefits paid
(2,382
)
 
(12,602
)
Net benefit obligation at end of year
$
48,081

 
$
50,827

Change in plan assets:
 
 
 
Fair value of plan assets at beginning of year
$
33,275

 
$
40,680

Actual return on plan assets
(1,106
)
 
945

Contributions
5,626

 
4,252

Gross benefits paid
(2,382
)
 
(12,602
)
Fair value of plan assets at end of year
$
35,413

 
$
33,275

Net benefit obligation in excess of plan assets
$
(12,668
)
 
$
(17,552
)
Balance sheet amounts:
 
 
 
Noncurrent liabilities
$
(12,668
)
 
$
(17,552
)
Total liabilities
$
(12,668
)
 
$
(17,552
)
Amounts recognized in accumulated other comprehensive income, net of tax consist of:
 
 
 
Net actuarial loss
$
17,313

 
$
17,228

Net amount recognized
$
17,313

 
$
17,228

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
2015
 
2014
Projected benefit obligation
$
48,081

 
$
50,827

Accumulated benefit obligation
$
48,081

 
$
50,827

Fair value of plan assets
$
35,413

 
$
33,275

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
2015
 
2014
 
2013
Interest cost
$
2,066

 
$
2,348

 
$
2,453

Expected return on plan assets
(2,360
)
 
(2,798
)
 
(2,691
)
Amortization of actuarial net loss
897

 
725

 
1,069

Pension settlement cost

 
4,914

 

Total net periodic benefit cost
$
603

 
$
5,189

 
$
831

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,
2015
 
2014
 
2015
 
2014
 
2013
Discount rate
4.56
%
 
4.16
%
 
4.16
%
 
5.09
%
 
4.16
%
Expected return on plan assets
7.00
%
 
7.25
%
 
7.25
%
 
7.25
%
 
7.50
%
Schedule of Allocation of Plan Assets
The following table presents the target allocation of pension plan assets for 2016 and the actual allocation of plan assets as of December 31, 2015 and 2014 by major asset category:

 
Target Allocation
 
Actual Allocation of Plan Assets
December 31,
Asset Category
2016
 
2015
 
2014
Equity securities:
 
 
  

 
  

U.S. Equity
22% - 60%
 
42
%
 
43
%
Non-U.S.
15% - 25%
 
21
%
 
19
%
Emerging Markets
3% - 9%
 
6
%
 
6
%
Fixed income securities:
 
 
  

 
  

U.S. Bond funds
12% - 38%
 
25
%
 
26
%
Non-U.S. Bond funds
2% - 8%
 
3
%
 
3
%
Real estate investment trusts
0% - 8%
 
%
 
%
Cash and cash equivalents
0% - 5%
 
3
%
 
3
%
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, 2015 and December 31, 2014:
December 31, 2015
 
 
 
 
 
 
 
In thousands
Level 1
 
Level 2
 
Level 3
 
Total
Equity securities:
 
 
 
 
 
 
 
U.S. Equity
$
14,789

 
$

 
$

 
$
14,789

Non-U.S.
7,356

 

 

 
7,356

Emerging Markets
2,027

 

 

 
2,027

Fixed income securities:
 
 
 
 
 
 
 
U.S. Bond funds
8,915

 

 

 
8,915

Non-U.S. Bond funds
1,034

 

 

 
1,034

Real estate investment trusts
195

 

 

 
195

Cash and cash equivalents
1,097

 

 

 
1,097

Total Assets at Fair Value
$
35,413

 
$

 
$

 
$
35,413


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

Schedule of Expected Benefit Payments
The Company expects to contribute approximately $3.0 million to $4.0 million in cash to its domestic defined benefit pension plan in 2016. Estimated future benefit payments for the next 10 years are as follows:
In thousands
2016
 
2017
 
2018
 
2019
 
2020
 
2020-2024
Benefit payments
$
2,385

 
$
2,443

 
$
2,519

 
$
2,655

 
$
2,802

 
$
14,704