Employer Sponsored Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2018

Plan assets and benefit obligations of the domestic defined benefit pension plans were as follows:



	December 31,
In thousands	2018			2017
Change in benefit obligation:
Net benefit obligation at beginning of year	$	51,882		$	50,086
Benefit obligation assumed through acquisition	52,392			—
Service Cost	46			—
Interest cost	2,595			2,058
Actuarial (gain)/loss	(876		)	2,126
Gross benefits paid	(3,360		)	(2,388		)
Net benefit obligation at end of year	$	102,679		$	51,882
Change in plan assets:
Fair value of plan assets at beginning of year	$	44,174		$	37,038
Fair value of plan assets through acquisition	43,230			—
Actual (loss)/return on plan assets	(4,092		)	5,924
Contributions	7,500			3,600
Gross benefits paid	(3,360		)	(2,388		)
Fair value of plan assets at end of year	$	87,452		$	44,174
Net benefit obligation in excess of plan assets	$	(15,227	)	$	(7,708	)
Balance sheet amounts:
Current liabilities	$	(3,078	)	$	—
Noncurrent liabilities	$	(12,149	)	$	(7,708	)
Total liabilities	$	(15,227	)	$	(7,708	)
Amounts recognized in accumulated other comprehensive income, net of tax consist of:
Net actuarial loss	$	21,850		$	17,632
Net amount recognized	$	21,850		$	17,632

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

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



	December 31,
In thousands	2018		2017
Projected benefit obligation	$	102,679	$	51,882
Accumulated benefit obligation	$	104,188	$	51,882
Fair value of plan assets	$	87,452	$	44,174

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

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



	December 31,
In thousands	2018			2017			2016
Service cost	$	46		$	—		$	—
Interest cost	2,595			2,058			2,139
Expected return on plan assets	(3,339		)	(2,376		)	(2,419		)
Amortization of actuarial net loss	1,024			1,092			933
Total net periodic benefit cost	$	326		$	774		$	653

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 defined benefit pension plans are presented in the following table:



	Benefit Obligation				Net Cost
For the years ended December 31,	2018		2017		2018		2017		2016
Discount rate	3.99	%	3.71	%	3.75	%	4.21	%	4.56	%
Expected return on plan assets	4.08	%	5.80	%	5.79	%	6.30	%	7.00	%

Schedule of Allocation of Plan Assets

The following table presents the target allocation of the domestic defined benefit pension plan assets for 2019 and the actual allocation of plan assets as of December 31, 2018 and 2017 by major asset category:



	Target Allocation	Actual Allocation of Plan Assets December 31,
Asset Category	2019	2018		2017
Domestic equities	11% - 32%	16	%	26	%
International equities	5% - 24%	11	%	26	%
Fixed income	30% - 69%	44	%	40	%
U.S. government securities	2% - 13%	3	%	—	%
Corporate and foreign bonds	2% - 13%	2	%	—	%
Inflation hedge mutual funds	2% - 13%	3	%	—	%
Hedge fund of funds	2% - 9%	5	%	7	%
Cash and cash equivalents	0% - 32%	16	%	1	%

Schedule of Changes in Fair Value of Plan Assets

The following tables set forth the fair value of the assets by major asset category as of December 31, 2018 and December 31, 2017:



December 31, 2018
In thousands	Level 1		Level 2		Level 3		Measured at NAV		Total

Domestic equity	$	13,941	$	—	$	—	$	—	$	13,941
International equity	9,547		—		—		—		9,547
Fixed income	10,977		—		—		27,727		38,704
U.S. government securities	—		2,466		—		—		2,466
Corporate and foreign bonds	—		1,448		—		—		1,448
Inflation hedge mutual funds	2,808		—		—		—		2,808
Hedge fund of funds	4,129		—		—		312		4,441
Cash and cash equivalents	12,027		2,070		—		—		14,097
Total Assets at Fair Value	$	53,429	$	5,984	$	—	$	28,039	$	87,452



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

Schedule of Expected Benefit Payments

Estimated future benefit payments for the next 10 years for the domestic defined benefit pension plans are as follows:



In thousands	2019		2020		2021		2022		2023		2024-2028
Benefit payments	$	4,023	$	3,099	$	3,186	$	3,241	$	3,264	$	16,995