RETIREMENT AND DEFERRED COMPENSATION PLANS (Tables)

12 Months Ended

Dec. 31, 2019

RETIREMENT AND DEFERRED COMPENSATION PLANS

Change in the projected benefit obligation, plan assets at fair value and funded status

	Domestic Plans				Foreign Plans
	2019		2018		2019		2018
Change in benefit obligation:
Benefit obligation at beginning of year	$	180,803	$	198,450	$	104,911	$	109,030
Service cost		11,093		11,396		5,921		5,954
Interest cost		7,381		6,878		2,023		1,828
Special termination benefit charge		—		—		64		62
Plan Amendment		—		—		18		—
Curtailment/Settlement		—		—		(271)		(1,751)
Transfer		—		—		939		—
Business acquired		—		—		—		1,937
Prior service cost		—		—		(451)		35
Actuarial loss (gain)		39,209		(23,510)		13,575		(3,743)
Benefits paid		(11,211)		(12,411)		(4,130)		(3,288)
Foreign currency translation adjustment		—		—		(2,109)		(5,153)
Benefit obligation at end of year	$	227,275	$	180,803	$	120,490	$	104,911

	Domestic Plans				Foreign Plans
	2019		2018		2019		2018
Change in plan assets:
Fair value of plan assets at beginning of year	$	169,958	$	169,600	$	68,992	$	73,384
Actual return on plan assets		29,618		(7,642)		3,851		(487)
Employer contribution		436		20,411		6,542		2,780
Benefits paid		(11,211)		(12,411)		(4,130)		(3,288)
Transfer		—		—		359		—
Foreign currency translation adjustment		—		—		(1,425)		(3,397)
Fair value of plan assets at end of year	$	188,801	$	169,958	$	74,189	$	68,992
Funded status at end of year	$	(38,474)	$	(10,845)	$	(46,301)	$	(35,919)

Schedule of funded status amounts recognized in the Consolidated Balance Sheet

	Domestic Plans				Foreign Plans
	2019		2018		2019		2018
Non-current assets	$	—	$	207	$	938	$	500
Current liabilities		(449)		(430)		(44)		(8)
Non-current liabilities		(38,025)		(10,622)		(47,195)		(36,411)
	$	(38,474)	$	(10,845)	$	(46,301)	$	(35,919)

Schedule of amounts not recognized as components of periodic benefit cost that are recognized in accumulated other comprehensive loss

	Domestic Plans				Foreign Plans
	2019		2018		2019		2018
Net actuarial loss	$	68,789	$	48,776	$	40,442	$	29,761
Net prior service cost		—		—		3,774		4,656
Tax effects		(15,821)		(17,876)		(14,040)		(4,855)
	$	52,968	$	30,900	$	30,176	$	29,562

Schedule of changes in benefit obligations and plan assets recognized in other comprehensive income

	Domestic Plans
	2019		2018		2017
Current year actuarial (loss) gain	$	(21,970)	$	4,611	$	(12,593)
Amortization of net loss		1,957		4,873		3,205
	$	(20,013)	$	9,484	$	(9,388)

	Foreign Plans
	2019		2018		2017
Current year actuarial (loss) gain	$	(11,999)	$	534	$	2,952
Current year prior service cost		451		(35)		(1,399)
Transfer Prior service Cost		(18)		—		—
Transfer Actuarial (loss) gain		(126)		—		—
Recognition due to curtailment		—		1,692		—
Amortization of net loss		1,444		1,716		1,895
Amortization of prior service cost		449		720		400
	$	(9,799)	$	4,627	$	3,848

Schedule of amounts in accumulated other comprehensive loss expected to be recognized as components of periodic benefit cost in the next 12 months

	Domestic Plans		Foreign Plans
Amortization of net loss	$	5,719	$	2,092
Amortization of prior service cost		—		391
	$	5,719	$	2,483

Components of net periodic benefit cost

	Domestic Plans
	2019		2018		2017
Service cost	$	11,093	$	11,396	$	9,706
Interest cost		7,381		6,878		7,010
Expected return on plan assets		(12,379)		(11,257)		(9,880)
Amortization of net loss		1,957		4,873		3,205
Net periodic benefit cost	$	8,052	$	11,890	$	10,041

	Foreign Plans
	2019		2018		2017
Service cost	$	5,921	$	5,954	$	5,526
Interest cost		2,023		1,828		1,747
Expected return on plan assets		(2,366)		(2,610)		(2,409)
Amortization of net loss		1,444		1,716		1,895
Amortization of prior service cost		449		720		400
Net periodic benefit cost	$	7,471	$	7,608	$	7,159
Curtailment		(246)		(59)		—
Special termination benefit charge		65		62		—
Total Net periodic benefit cost	$	7,290	$	7,611	$	7,159

Schedule of projected benefit obligation ("PBO"), ABO, and fair value of plan assets for all pension plans with an ABO in excess of plan assets

	Domestic Plans				Foreign Plans
	2019		2018		2019		2018
Projected benefit obligation	$	227,275	$	11,052	$	92,561	$	93,029
Accumulated benefit obligation		205,326		9,216		65,062		68,981
Fair value of plan assets		188,801		—		46,371		56,611

Schedule of PBO, ABO, and fair value of plan assets for all pension plans with a PBO in excess of plan assets

	Domestic Plans				Foreign Plans
	2019		2018		2019		2018
Projected benefit obligation	$	227,275	$	11,052	$	102,310	$	92,555
Accumulated benefit obligation		205,326		9,216		73,943		68,506
Fair value of plan assets		188,801		—		55,260		56,136

Schedule of weighted-average assumptions used to determine benefit obligations and net periodic benefit cost

	Domestic Plans						Foreign Plans
	2019		2018		2017		2019		2018		2017
Weighted-average assumptions used to determine benefit obligations at December 31:
Discount rate	3.20	%	4.20	%	3.55	%	1.04	%	1.82	%	1.62	%
Rate of compensation increase	4.00	%	4.00	%	4.00	%	3.05	%	3.01	%	3.02	%
Weighted-average assumptions used to determine net periodic benefit cost for years ended December 31:
Discount rate	4.20	%	3.55	%	4.05	%	1.84	%	1.62	%	1.65	%
Expected long-term return on plan assets	7.00	%	7.00	%	7.00	%	3.69	%	3.66	%	3.66	%
Rate of compensation increase	4.00	%	4.00	%	4.00	%	3.05	%	3.02	%	3.00	%

Schedule of domestic and foreign pension plan weighted-average asset allocations by asset category

	Domestic Plans Assets				Foreign Plans Assets
	at December 31,				at December 31,
	2019		2018		2019		2018
Equity securities	49	%	44	%	4	%	4	%
Fixed income securities	29	%	29	%	1	%	1	%
Corporate debt securities	—		—		3	%	3	%
Infrastructure	6	%	7	%	—		—
Hedge funds	10	%	10	%	—		—
Money market	1	%	5	%	3	%	1	%
Investment Funds	—		—		89	%	91	%
Real estate	5	%	5	%	—		—
Total	100	%	100	%	100	%	100	%

Summary of fair value of pension plan assets

	Domestic Fair Value Measurement								Foreign Fair Value Measurement
	at December 31, 2019								at December 31, 2019
(In Thousands $)	Total		(Level 1)		(Level 2)		(Level 3)		Total		(Level 1)		(Level 2)		(Level 3)
Cash and Short-term Securities (a)	$	1,988	$	1,988	$	—	$	—	$	2,030	$	2,030	$	—	$	—
USD		—		1,988		—		—		—		—		—		—
EUR		—		—		—		—		—		2,012		—		—
Others		—		—		—		—		—		18		—		—
Equity Securities (a)	$	81,997	$	81,997		—		—	$	2,995	$	2,995		—		—
U.S. Large Cap Equities		—		48,580		—		—		—		—		—		—
U.S. Small Cap Equities		—		9,921		—		—		—		—		—		—
International Equities		—		23,496		—		—		—		2,995		—		—
Fixed Income (a&b)	$	35,898	$	35,898		—		—	$	820	$	820		—		—
Corporate debts securities		—		—		—		—	$	2,115	$	2,115		—		—
Euro Corporate Bonds (a)		—		—		—		—		—		2,115		—		—
Investment Funds		—		—		—		—	$	66,229	$	23,797	$	42,432		—
Mutual Funds in Equities (a)		—		—		—		—		—		4,025		—		—
Mutual Funds in Bonds (a)		—		—		—		—		—		18,881		—		—
Mutual Funds Diversified (a&b)		—		—		—		—		—		891		42,432		—
Total Investments in Fair Value Hierarchy	$	119,883	$	119,883	$	—	$	—	$	74,189	$	31,757	$	42,432	$	—
Investments at Net Asset Value per Share		68,918		—		—		—		—		—		—		—
Total Investments	$	188,801	$	119,883	$	—	$	—	$	74,189	$	31,757	$	42,432	$	—

	Domestic Fair Value Measurement								Foreign Fair Value Measurement
	at December 31, 2018								at December 31, 2018
(In Thousands $)	Total		(Level 1)		(Level 2)		(Level 3)		Total		(Level 1)		(Level 2)		(Level 3)
Cash and Short-term Securities (a)	$	8,964	$	8,964	$	—	$	—	$	718	$	718	$	—	$	—
USD		—		8,964		—		—		—		—		—		—
EUR		—		—		—		—		—		718		—		—
Equity Securities (a)	$	66,707	$	66,707		—		—	$	2,591	$	2,591		—		—
U.S. Large Cap Equities		—		38,804		—		—		—		—		—		—
U.S. Small Cap Equities		—		7,747		—		—		—		—		—		—
International Equities		—		20,156		—		—		—		2,591		—		—
Fixed Income (a&b)	$	32,272	$	32,272		—		—	$	717	$	717		—		—
Corporate debts securities		—		—		—		—	$	2,097	$	2,097		—		—
Euro Corporate Bonds (a)		—		—		—		—		—		2,097		—		—
Investment Funds		—		—		—		—	$	62,869	$	22,122	$	40,747		—
Mutual Funds in Equities (a)		—		—		—		—		—		3,339		—		—
Mutual Funds in Bonds (a)		—		—		—		—		—		18,060		—		—
Mutual Funds Diversified (a&b)		—		—		—		—		—		723		40,747		—
Total Investments in Fair Value Hierarchy	$	107,943	$	107,943	$	—	$	—	$	68,992	$	28,245	$	40,747	$	—
Investments at Net Asset Value per Share		62,015		—		—		—		—		—		—		—
Total Investments	$	169,958	$	107,943	$	—	$	—	$	68,992	$	28,245	$	40,747	$	—

(a) Based on third party quotation from financial institution.

(b) Based on observable market transactions.

Schedule of estimated benefit payments relating to defined benefit plans over the next ten years

	Domestic Plans		Foreign Plans
2020	$	11,064	$	5,382
2021		11,134		2,904
2022		11,665		3,155
2023		12,467		4,676
2024		13,077		6,537
2025 - 2029		74,584		34,386