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Employer Sponsored Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2017

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



	December 31,
In thousands	2017			2016
Change in benefit obligation:
Net benefit obligation at beginning of year	$	50,086		$	48,081
Interest cost	2,058			2,139
Actuarial loss	2,126			2,062
Gross benefits paid	(2,388		)	(2,196		)
Net benefit obligation at end of year	$	51,882		$	50,086
Change in plan assets:
Fair value of plan assets at beginning of year	$	37,038		$	35,413
Actual return on plan assets	5,924			221
Contributions	3,600			3,600
Gross benefits paid	(2,388		)	(2,196		)
Fair value of plan assets at end of year	$	44,174		$	37,038
Net benefit obligation in excess of plan assets	$	(7,708	)	$	(13,048	)
Balance sheet amounts:
Noncurrent liabilities	$	(7,708	)	$	(13,048	)
Total liabilities	$	(7,708	)	$	(13,048	)
Amounts recognized in accumulated other comprehensive income, net of tax consist of:
Net actuarial loss	$	17,632		$	19,689
Net amount recognized	$	17,632		$	19,689

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	2017		2016
Projected benefit obligation	$	51,882	$	50,086
Accumulated benefit obligation	$	51,882	$	50,086
Fair value of plan assets	$	44,174	$	37,038

Schedule 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	2017			2016			2015
Interest cost	$	2,058		$	2,139		$	2,066
Expected return on plan assets	(2,376		)	(2,419		)	(2,360		)
Amortization of actuarial net loss	1,092			933			897
Total net periodic benefit cost	$	774		$	653		$	603

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,	2017		2016		2017		2016		2015
Discount rate	3.71	%	4.21	%	4.21	%	4.56	%	4.16	%
Expected return on plan assets	5.80	%	6.30	%	6.30	%	7.00	%	7.25	%

Schedule of Allocation of Plan Assets

The following table presents the target allocation of pension plan assets for 2018 and the actual allocation of plan assets as of December 31, 2017 and 2016 by major asset category:



	Target Allocation	Actual Allocation of Plan Assets December 31,
Asset Category	2018	2017		2016
Domestic equities	21% - 31%	26	%	30	%
International equities	21% - 31%	26	%	30	%
Fixed income	35% - 45%	40	%	28	%
Hedge fund of funds	3% - 13%	7	%	10	%
Cash and cash equivalents	0% - 5%	1	%	2	%

Schedule of Changes in Fair Value of Plan Assets

The following tables set forth the fair value of the Trust’s assets by major asset category as of December 31, 2017 and December 31, 2016:



December 31, 2017
In thousands	Level 1		Level 2		Level 3		Measured at NAV	Total

Domestic equity	$	11,577	$	—	$	—	—	$	11,577
International equity	11,626		—		—		—	11,626
Fixed income	—		—		—		17,360	17,360
Hedge fund of funds	—		—		—		3,054	3,054
Cash and cash equivalents	557		—		—		—	557
Total Assets at Fair Value	$	23,760	$	—	$	—	20,414	$	44,174



December 31, 2016
In thousands	Level 1		Level 2		Level 3		Measured at NAV	Total

Domestic equity	$	10,964	$	—	$	—	—	$	10,964
International equity	10,944		—		—		—	10,944
Fixed income	—		—		—		10,499	10,499
Hedge fund of funds	—		—		—		3,863	3,863
Cash and cash equivalents	768		—		—		—	768
Total Assets at Fair Value	$	22,676	$	—	$	—	14,362	$	37,038

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 2018, but is evaluating this strategy as a result of the recent changes to U.S. tax law enacted on December 22, 2017.

Estimated future benefit payments for the next 10 years are as follows:



In thousands	2018		2019		2020		2021		2022		2023-2027
Benefit payments	$	2,499	$	2,615	$	2,741	$	2,824	$	2,854	$	14,801