XML 163 R36.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Defined Benefit Pension Plans (Tables)
 12 Months Ended
Dec. 31, 2019
Defined Benefit Plan [Abstract]  
Schedule of Changes in Benefit Obligation and Fair Value of Plan Assets
The following tables set forth the components of the changes in benefit obligations and fair value of plan assets:
 Year Ended December 31,
In thousands20192018
Change in benefit obligation:
Benefit obligation at January 1,$105,570  $110,820  
Service cost3,711  4,034  
Interest cost2,278  2,324  
Actuarial (gain) loss8,798  (2,497) 
Benefits paid(2,970) (3,018) 
Foreign currency exchange rate changes(1,984) (5,110) 
Curtailment(36) (694) 
Settlement(234) (413) 
Other(915) 124  
Benefit obligation at December 31,$114,218  $105,570  
Change in plan assets:
Fair value of plan assets at January 1,$11,890  $12,834  
Actual return on plan assets1,134  (54) 
Company contributions289  465  
Benefits paid(411) (392) 
Foreign currency exchange rate changes(237) (963) 
Fair value of plan assets at December 31,12,665  11,890  
Net pension benefit obligation at fair value$101,553  $93,680  
Schedule of Amounts Recognized in the Consolidated Balance Sheets
Amounts recognized on the Consolidated Balance Sheets consist of:
December 31,
In thousands20192018
Assets
Plan assets in other long-term assets$44  $572  
Liabilities
Current portion of pension benefit obligation in wages and benefits payable2,885  2,730  
Long-term portion of pension benefit obligation98,712  91,522  
Pension benefit obligation, net$101,553  $93,680  
Schedule of Amounts Recognized in Other Comprehensive Income (Loss)
Amounts recognized in OCI (pre-tax) are as follows:
Year Ended December 31,
In thousands201920182017
Net actuarial (gain) loss$8,762  $(3,191) $(3,209) 
Settlement (gain) loss(250) (1) 2  
Curtailment (gain) loss—  (1) 586  
Plan asset (gain) loss(526) 724  (192) 
Amortization of net actuarial loss(1,648) (1,533) (2,308) 
Amortization of prior service cost(68) (61) (62) 
Other(160) 124  —  
Other comprehensive (income) loss$6,110  $(3,939) $(5,183) 
Schedule of Net Periodic Pension Benefit Costs
Net periodic pension benefit cost for our plans include the following components:
Year Ended December 31,
In thousands201920182017
Service cost$3,711  $4,034  $3,968  
Interest cost2,278  2,324  2,264  
Expected return on plan assets(608) (670) (594) 
Amortization of prior service costs68  61  62  
Amortization of actuarial net loss1,648  1,533  2,308  
Settlement250  1  (2) 
Curtailment—  1  (586) 
Net periodic benefit cost$7,347  $7,284  $7,420  
Schedule of Assumptions Used
The significant actuarial weighted average assumptions used in determining the benefit obligations and net periodic benefit cost for our benefit plans are as follows:
 Year Ended December 31,
 201920182017
Actuarial assumptions used to determine benefit obligations at end of period:
Discount rate1.76 %2.24 %2.21 %
Expected annual rate of compensation increase3.76 %3.60 %3.64 %
Actuarial assumptions used to determine net periodic benefit cost for the period:
Discount rate2.24 %2.21 %2.18 %
Expected rate of return on plan assets5.19 %5.58 %5.58 %
Expected annual rate of compensation increase3.60 %3.64 %3.65 %
Schedule of Accumulated Benefit Obligations in Excess of Fair Value of Plan Assets
The total obligations and fair value of plan assets for plans with projected benefit obligations and accumulated benefit obligations exceeding the fair value of plan assets are as follows:
In thousandsDecember 31,
20192018
Projected benefit obligation$110,656  $103,059  
Accumulated benefit obligation101,611  94,831  
Fair value of plan assets9,059  8,807  
Fair values of the assets held by the postretirement benefits plans by asset category
The fair values of our plan investments by asset category are as follows:
Total
Quoted Prices in Active Markets for Identical Assets
(Level 1)
Significant Unobservable Inputs
(Level 3)
In thousandsDecember 31, 2019
Cash$926  $926  $—  
Insurance funds8,133  —  8,133  
Other securities3,606  —  3,606  
Total fair value of plan assets$12,665  $926  $11,739  
In thousandsDecember 31, 2018
Cash$787  $787  $—  
Insurance funds8,020  —  8,020  
Other securities3,083  —  3,083  
Total fair value of plan assets$11,890  $787  $11,103  
Schedule of Effect of Significant Unobservable Inputs, Changes in Plan Assets
The following tables present a reconciliation of Level 3 assets held during the years ended December 31, 2019 and 2018.
In thousandsBalance at January 1, 2019Net Realized and Unrealized GainsNet Purchases, Issuances, Settlements, and OtherEffect of Foreign CurrencyBalance at December 31, 2019
Insurance funds$8,020  $282  $(27) $(142) $8,133  
Other securities3,083  814  (160) (131) 3,606  
Total$11,103  $1,096  $(187) $(273) $11,739  

In thousandsBalance at January 1, 2018Net Realized and Unrealized GainsNet Purchases, Issuances, Settlements, and OtherEffect of Foreign CurrencyBalance at December 31, 2018
Insurance funds$8,384  $(158) $141  $(347) $8,020  
Other securities3,661  123  (141) (560) 3,083  
Total$12,045  $(35) $—  $(907) $11,103  
Schedule of Expected Benefit Payments
Annual benefit payments for the next 10 years, including amounts to be paid from our assets for unfunded plans and reflecting expected future service, as appropriate, are expected to be paid as follows:
Year Ending December 31,Estimated Annual Benefit Payments
In thousands
2020$3,828  
20213,463  
20223,861  
20234,176  
20245,141  
2025-202927,701