Retirement Benefits (Tables)

12 Months Ended

Dec. 31, 2016

Defined Benefit Plan Disclosure [Line Items]

Reconciliation of Changes in Benefit Obligations and Fair Value of Plan Assets

The following table provides a reconciliation of the changes in the benefit obligations and fair value of plan assets over the two-year period ended December 31, 2016, and a statement of the funded status at December 31 for both years.



	Pension Benefits												Other Benefits
	2016						2015						2016			2015
	U.S.			Non-U.S.			U.S.			Non-U.S.
	(In thousands)
CHANGE IN BENEFIT OBLIGATION
Obligation at January 1	$	98,476		$	58,063		$	102,312		$	69,488		$	20,400		$	22,855
Service cost	1,016			1,627			1,279			1,506			601			673
Interest cost	3,043			1,429			3,770			1,734			811			833
Plan amendments	—			—			113			—			—			—
Benefits paid	(3,140		)	(2,023		)	(3,985		)	(2,448		)	(718		)	(622		)
Actuarial loss (gain)	1,987			6,844			(5,013		)	(6,909		)	(1,990		)	(2,966		)
Currency translation	—			(6,988		)	—			(5,308		)	52			(373		)
Settlements	(11,126		)	(819		)	—			—			—			—
Acquisition/Divestiture	—			29,491			—			—			5,480			—
Other	—			140			—			—			—			—
Obligation at December 31	$	90,256		$	87,764		$	98,476		$	58,063		$	24,636		$	20,400
CHANGE IN PLAN ASSETS
Fair value of plan assets at January 1	$	77,575		$	20,645		$	79,687		$	22,152		$	—		$	—
Actual return on plan assets	6,740			2,470			(2,587		)	205			—			—
Employer contributions	3,639			1,974			4,460			1,837			718			622
Benefits paid	(3,140		)	(2,023		)	(3,985		)	(2,448		)	(718		)	(622		)
Currency translation	—			(4,108		)	—			(1,101		)	—			—
Settlements	(11,126		)	(819		)	—			—			—			—
Acquisition/Divestiture	—			14,307			—			—			—			—
Other	—			140			—			—			—			—
Fair value of plan assets at December 31	$	73,688		$	32,586		$	77,575		$	20,645		$	—		$	—
Funded status at December 31	$	(16,568	)	$	(55,178	)	$	(20,901	)	$	(37,418	)	$	(24,636	)	$	(20,400	)
COMPONENTS ON THE CONSOLIDATED BALANCE SHEETS
Current liabilities	$	(729	)	$	(1,005	)	$	(743	)	$	(875	)	$	(1,044	)	$	(911	)
Other noncurrent liabilities	(15,839		)	(54,173		)	(20,158		)	(36,543		)	(23,592		)	(19,489		)
Net liability at December 31	$	(16,568	)	$	(55,178	)	$	(20,901	)	$	(37,418	)	$	(24,636	)	$	(20,400	)

Weighted Average Assumptions Used in Measurement of Benefit Obligation

The weighted average assumptions used in the measurement of the Company’s benefit obligation at December 31, 2016 and 2015 were as follows:



	U.S. Plans				Non-U.S. Plans
	2016		2015		2016		2015
Discount rate	3.91	%	4.12	%	1.76	%	2.99	%
Rate of compensation increase	4.00	%	4.00	%	2.29	%	2.98	%

Pretax Amounts Recognized in Accumulated Other Comprehensive Income (Loss)

The pretax amounts recognized in Accumulated other comprehensive income (loss) on the Consolidated Balance Sheets as of December 31, 2016 and 2015 were as follows:



	Pension Benefits										Other Benefits
	2016					2015					2016			2015
	U.S.		Non-U.S.			U.S.		Non-U.S
	(In thousands)
Prior service cost (credit)	$	110	$	(77	)	$	135	$	(38	)	$	(849	)	$	(1,215	)
Net loss	27,860		(17,643		)	33,461		15,330			(3,852		)	(2,197		)
Total	$	27,970	$	(17,720	)	$	33,596	$	15,292		$	(4,701	)	$	(3,412	)

Amounts in Accumulated Other Comprehensive Income (Loss) Expected to Be Recognized as Components of Net Periodic Benefit Cost During 2012

The amounts in Accumulated other comprehensive income (loss) on the Consolidated Balance Sheet as of December 31, 2016, that are expected to be recognized as components of net periodic benefit cost during 2017 are as follows:



	U.S. Pension Benefit Plans		Non-U.S. Pension Benefit Plans		Other Benefit Plans			Total
	(In thousands)
Prior service cost (credit)	$	24	$	9	$	(366	)	$	(333	)
Net loss	2,542		1,493		(427		)	3,608
Total	$	2,566	$	1,502	$	(793	)	$	3,275

Weighted Average Assumptions Used to Determine Net Periodic Benefit Cost of Plans



	U.S. Plans						Non-U.S. Plans
	2016		2015		2014		2016		2015		2014
Discount rate	4.12	%	3.78	%	4.61	%	2.99	%	2.66	%	4.03	%
Expected return on plan assets	6.50	%	6.50	%	7.00	%	4.58	%	5.19	%	5.83	%
Rate of compensation increase	4.00	%	4.00	%	4.00	%	2.98	%	3.00	%	3.14	%

Pension Plan Weighted Average Asset Allocations

The Company’s pension plan weighted average asset allocations at December 31, 2016 and 2015, by asset category, were as follows:



	U.S. Plans				Non-U.S. Plans
	2016		2015		2016		2015
Equity securities	44	%	49	%	24	%	36	%
Fixed income securities	43	%	49	%	26	%	44	%
Cash/Commingled Funds/Other ⁽¹⁾	13	%	2	%	50	%	20	%
Total	100	%	100	%	100	%	100	%

Summary of Basis Used to Measure Defined Benefit Plans' Assets at Fair Value

The basis used to measure the defined benefit plans’ assets at fair value at December 31, 2016 and 2015 is summarized as follows:



	Basis of Fair Value Measurement
	Outstanding Balances		Level 1		Level 2		Level 3
As of December 31, 2016	(In thousands)
Equity
U.S. Large Cap	$	15,345	$	15,345	$	—	$	—
U.S. Small / Mid Cap	8,920		7,111		1,809		—
International	16,282		10,647		5,635		—
Fixed Income
U.S. Intermediate	10,014		9,943		71		—
U.S. Short Duration	10,160		10,160		—		—
U.S. High Yield	9,343		7,924		1,419		—
International	10,310		3,627		6,683		—
Other Commingled Funds ⁽¹⁾	14,180		—		—		14,180
Cash and Equivalents	10,382		9,660		722		—
Other	1,338		—		1,338		—
	$	106,274	$	74,417	$	17,677	$	14,180

(1) Other commingled funds represent pooled institutional investments in non-U.S. plans.



	Basis of Fair Value Measurement
	Outstanding Balances		Level 1		Level 2		Level 3
As of December 31, 2015	(In thousands)
Equity
U.S. Large Cap	$	23,465	$	23,465	$	—	$	—
U.S. Small / Mid Cap	10,184		7,482		2,702		—
International	11,986		7,786		4,200		—
Fixed Income
U.S. Intermediate	15,000		15,000		—		—
U.S. Short Duration	8,935		8,935		—		—
U.S. High Yield	7,758		6,922		836		—
International	15,249		7,241		8,008		—
Cash and Equivalents	1,829		1,829		—		—
Other	3,836		—		3,836		—
	$	98,242	$	78,660	$	19,582	$	—

Net Periodic Benefit Cost

Defined Benefit Plan Disclosure [Line Items]

Pretax Amounts Recognized in Accumulated Other Comprehensive Income (Loss)

The pretax change recognized in Accumulated other comprehensive income (loss) on the Consolidated Balance Sheet in 2016 is as follows:



	Pension Benefits						Other Benefits
	U.S.			Non-U.S.
	(In thousands)
Net gain (loss) in current year	$	(23	)	$	(5,367	)	$	1,990
Prior service cost	—			—			—
Amortization of prior service cost (credit)	24			(15		)	(366		)
Amortization of net loss (gain)	6,541			1,239			(340		)
Exchange rate effect on amounts in OCI	—			1,468			5
Total	$	6,542		$	(2,675	)	$	1,289

Pension Plans

Defined Benefit Plan Disclosure [Line Items]

Components of Net Periodic Benefit Cost for Defined Benefit Plans and Other Postretirement Plans

The components of, and the weighted average assumptions used to determine, the net periodic benefit cost for the plans in 2016, 2015 and 2014 are as follows:



	Pension Benefits
	2016						2015						2014
	U.S.			Non-U.S.			U.S.			Non-U.S.			U.S.			Non-U.S.
	(In thousands)
Service cost	$	1,016		$	1,627		$	1,279		$	1,506		$	1,162		$	1,331
Interest cost	3,043			1,429			3,770			1,734			4,037			2,345
Expected return on plan assets	(4,777		)	(993		)	(4,910		)	(1,114		)	(5,430		)	(1,297		)
Settlement loss recognized	3,339			215			—			—			—			—
Net amortization	3,226			1,008			3,422			1,931			2,187			1,400
Net periodic benefit cost	$	5,847		$	3,286		$	3,561		$	4,057		$	1,956		$	3,779