XML 61 R73.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
RETIREMENT AND DEFERRED COMPENSATION PLANS (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
United States            
Change in benefit obligation:            
Benefit obligation at beginning of year $ 180,803 $ 198,450        
Service cost 11,093 11,396 $ 9,706      
Interest cost 7,381 6,878 7,010      
Actuarial (gain) loss 39,209 (23,510)        
Benefits paid (11,211) (12,411)        
Benefit obligation at end of year 227,275 180,803 198,450      
Change in plan assets:            
Fair value of plan assets at beginning of year 169,958 169,600        
Actual return on plan assets 29,618 (7,642)        
Employer contribution 436 20,411        
Benefits paid (11,211) (12,411)        
Fair value of plan assets at end of year 188,801 169,958 169,600      
Funded status at end of year       $ (38,474) $ (10,845)  
Funded status amounts recognized in Consolidated Balance Sheet            
Non-current assets         207  
Current liabilities       (449) (430)  
Non-current liabilities       (38,025) (10,622)  
Funded status amount       (38,474) (10,845)  
Amounts recognized in accumulated other comprehensive loss            
Net actuarial loss       68,789 48,776  
Tax effects       (15,821) (17,876)  
Net amount recognized       52,968 30,900  
Changes in benefit obligations and plan assets recognized in other comprehensive income            
Current year actuarial gain (loss) (21,970) 4,611 (12,593)      
Amortization of net loss 1,957 4,873 3,205      
Net amount recognized (20,013) 9,484 (9,388)      
Amounts in accumulated other comprehensive loss expected to be recognized as components of periodic benefit cost in next fiscal year            
Amortization of net loss       5,719    
Amount expected to be recognized in next fiscal year       5,719    
Components of net periodic benefit cost:            
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      
Accumulated benefit obligation       205,300 163,000  
Projected benefit obligation ("PBO"), ABO, and fair value of plan assets for all pension plans with an ABO in excess of plan assets            
Projected benefit obligation       227,275 11,052  
Accumulated benefit obligation       205,326 9,216  
Fair value of plan assets       188,801    
PBO, ABO, and fair value of plan assets for all pension plans with a PBO in excess of plan assets            
Projected benefit obligation       227,275 11,052  
Accumulated benefit obligation       205,326 $ 9,216  
Fair value of plan assets       $ 188,801    
Weighted-average assumptions used to determine benefit obligations            
Discount rate (as a percent)       3.20% 4.20% 3.55%
Rate of compensation increase (as a percent)       4.00% 4.00% 4.00%
Weighted-average assumptions used to determine net periodic benefit cost            
Discount rate (as a percent) 4.20% 3.55% 4.05%      
Expected long-term return on plan assets (as a percent) 7.00% 7.00% 7.00%      
Rate of compensation increase (as a percent) 4.00% 4.00% 4.00%      
Plan Assets:            
Weighted-average asset allocations (as a percent)       100.00% 100.00%  
Total Investments in Fair Value Hierarchy       $ 119,883 $ 107,943  
Total Investments $ 188,801 $ 169,600 $ 169,600 188,801 169,958 $ 169,600
Minimum funding requirement 0          
Expected contribution in next fiscal year       400    
United States | Cash and Short Term Securities            
Plan Assets:            
Total Investments in Fair Value Hierarchy       $ 1,988 $ 8,964  
United States | Equity Securities            
Plan Assets:            
Weighted-average asset allocations (as a percent)       49.00% 44.00%  
Target allocation (as a percent)       60.00%    
Total Investments in Fair Value Hierarchy       $ 81,997 $ 66,707  
United States | Fixed Income Funds            
Plan Assets:            
Weighted-average asset allocations (as a percent)       29.00% 29.00%  
Total Investments in Fair Value Hierarchy       $ 35,898 $ 32,272  
United States | Hedge Fund            
Plan Assets:            
Weighted-average asset allocations (as a percent)       10.00% 10.00%  
United States | Infrastructure            
Plan Assets:            
Weighted-average asset allocations (as a percent)       6.00% 7.00%  
United States | Money market            
Plan Assets:            
Weighted-average asset allocations (as a percent)       1.00% 5.00%  
United States | Fixed income securities and infrastructure            
Plan Assets:            
Target allocation (as a percent)       40.00%    
United States | Real Estate Funds            
Plan Assets:            
Weighted-average asset allocations (as a percent)       5.00% 5.00%  
United States | Level 1            
Change in plan assets:            
Fair value of plan assets at beginning of year 107,943          
Fair value of plan assets at end of year 119,883 107,943        
Plan Assets:            
Total Investments in Fair Value Hierarchy       $ 119,883 $ 107,943  
Total Investments 107,943 107,943   119,883 107,943  
United States | Level 1 | Cash and Short Term Securities            
Plan Assets:            
Total Investments in Fair Value Hierarchy       1,988 8,964  
United States | Level 1 | Cash and Short Term Securities | USD            
Plan Assets:            
Total Investments in Fair Value Hierarchy       1,988 8,964  
United States | Level 1 | Equity Securities            
Plan Assets:            
Total Investments in Fair Value Hierarchy       81,997 66,707  
United States | Level 1 | US Large Cap Equities            
Plan Assets:            
Total Investments in Fair Value Hierarchy       48,580 38,804  
United States | Level 1 | US Small Cap Equities            
Plan Assets:            
Total Investments in Fair Value Hierarchy       9,921 7,747  
United States | Level 1 | International Equities            
Plan Assets:            
Total Investments in Fair Value Hierarchy       23,496 20,156  
United States | Level 1 | Fixed Income Funds            
Plan Assets:            
Total Investments in Fair Value Hierarchy       35,898 32,272  
United States | Net Asset Value per Share            
Plan Assets:            
Investments at Net Asset Value per Share       68,918 62,015  
Foreign Plans            
Change in benefit obligation:            
Benefit obligation at beginning of year 104,911 109,030        
Service cost 5,921 5,954 5,526      
Interest cost 2,023 1,828 1,747      
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 (gain) loss 13,575 (3,743)        
Benefits paid (4,130) (3,288)        
Foreign currency translation adjustment (2,109) (5,153)        
Benefit obligation at end of year 120,490 104,911 109,030      
Change in plan assets:            
Fair value of plan assets at beginning of year 68,992 73,384        
Actual return on plan assets 3,851 (487)        
Employer contribution 6,542 2,780        
Benefits paid (4,130) (3,288)        
Transfer 359          
Foreign currency translation adjustment (1,425) (3,397)        
Fair value of plan assets at end of year 74,189 68,992 73,384      
Funded status at end of year       (46,301) (35,919)  
Funded status amounts recognized in Consolidated Balance Sheet            
Non-current assets       938 500  
Current liabilities       (44) (8)  
Non-current liabilities       (47,195) (36,411)  
Funded status amount       (46,301) (35,919)  
Amounts recognized in accumulated other comprehensive loss            
Net actuarial loss       40,442 29,761  
Net prior service cost       3,774 4,656  
Tax effects       (14,040) (4,855)  
Net amount recognized       30,176 29,562  
Changes in benefit obligations and plan assets recognized in other comprehensive income            
Current year actuarial gain (loss) (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      
Net amount recognized (9,799) 4,627 3,848      
Amounts in accumulated other comprehensive loss expected to be recognized as components of periodic benefit cost in next fiscal year            
Amortization of net loss       2,092    
Amortization of prior service cost       391    
Amount expected to be recognized in next fiscal year       2,483    
Components of net periodic benefit cost:            
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      
Accumulated benefit obligation       91,800 80,900  
Projected benefit obligation ("PBO"), ABO, and fair value of plan assets for all pension plans with an ABO in excess of plan assets            
Projected benefit obligation       92,561 93,029  
Accumulated benefit obligation       65,062 68,981  
Fair value of plan assets       46,371 56,611  
PBO, ABO, and fair value of plan assets for all pension plans with a PBO in excess of plan assets            
Projected benefit obligation       102,310 92,555  
Accumulated benefit obligation       73,943 68,506  
Fair value of plan assets       $ 55,260 $ 56,136  
Weighted-average assumptions used to determine benefit obligations            
Discount rate (as a percent)       1.04% 1.82% 1.62%
Rate of compensation increase (as a percent)       3.05% 3.01% 3.02%
Weighted-average assumptions used to determine net periodic benefit cost            
Discount rate (as a percent) 1.84% 1.62% 1.65%      
Expected long-term return on plan assets (as a percent) 3.69% 3.66% 3.66%      
Rate of compensation increase (as a percent) 3.05% 3.02% 3.00%      
Plan Assets:            
Weighted-average asset allocations (as a percent)       100.00% 100.00%  
Total Investments in Fair Value Hierarchy       $ 74,189 $ 68,992  
Total Investments $ 68,992 $ 68,992 $ 73,384 74,189 68,992 $ 73,384
Expected contribution in next fiscal year       700    
Foreign Plans | Cash and Short Term Securities            
Plan Assets:            
Total Investments in Fair Value Hierarchy       $ 2,030 $ 718  
Foreign Plans | Equity Securities            
Plan Assets:            
Weighted-average asset allocations (as a percent)       4.00% 4.00%  
Total Investments in Fair Value Hierarchy       $ 2,995 $ 2,591  
Foreign Plans | Fixed Income Funds            
Plan Assets:            
Weighted-average asset allocations (as a percent)       1.00% 1.00%  
Total Investments in Fair Value Hierarchy       $ 820 $ 717  
Foreign Plans | Corporate debts securities            
Plan Assets:            
Weighted-average asset allocations (as a percent)       3.00% 3.00%  
Total Investments in Fair Value Hierarchy       $ 2,115 $ 2,097  
Foreign Plans | Investment Funds            
Plan Assets:            
Weighted-average asset allocations (as a percent)       89.00% 91.00%  
Target allocation (as a percent)       100.00%    
Total Investments in Fair Value Hierarchy       $ 66,229 $ 62,869  
Foreign Plans | Money market            
Plan Assets:            
Weighted-average asset allocations (as a percent)       3.00% 1.00%  
Foreign Plans | Level 1            
Change in plan assets:            
Fair value of plan assets at beginning of year 28,245          
Fair value of plan assets at end of year 31,757 28,245        
Plan Assets:            
Total Investments in Fair Value Hierarchy       $ 31,757 $ 28,245  
Total Investments 28,245 28,245   31,757 28,245  
Foreign Plans | Level 1 | Cash and Short Term Securities            
Plan Assets:            
Total Investments in Fair Value Hierarchy       2,030 718  
Foreign Plans | Level 1 | Cash and Short Term Securities | EUR            
Plan Assets:            
Total Investments in Fair Value Hierarchy       2,012 718  
Foreign Plans | Level 1 | Cash and Short Term Securities | Others            
Plan Assets:            
Total Investments in Fair Value Hierarchy       18    
Foreign Plans | Level 1 | Equity Securities            
Plan Assets:            
Total Investments in Fair Value Hierarchy       2,995 2,591  
Foreign Plans | Level 1 | International Equities            
Plan Assets:            
Total Investments in Fair Value Hierarchy       2,995 2,591  
Foreign Plans | Level 1 | Fixed Income Funds            
Plan Assets:            
Total Investments in Fair Value Hierarchy       820 717  
Foreign Plans | Level 1 | Corporate debts securities            
Plan Assets:            
Total Investments in Fair Value Hierarchy       2,115 2,097  
Foreign Plans | Level 1 | Euro Corporate Bonds            
Plan Assets:            
Total Investments in Fair Value Hierarchy       2,115 2,097  
Foreign Plans | Level 1 | Investment Funds            
Plan Assets:            
Total Investments in Fair Value Hierarchy       23,797 22,122  
Foreign Plans | Level 1 | Mutual Funds in Equities            
Plan Assets:            
Total Investments in Fair Value Hierarchy       4,025 3,339  
Foreign Plans | Level 1 | Mutual Funds in Bonds            
Plan Assets:            
Total Investments in Fair Value Hierarchy       18,881 18,060  
Foreign Plans | Level 1 | Mutual Funds Diversified            
Plan Assets:            
Total Investments in Fair Value Hierarchy       891 723  
Foreign Plans | Level 2            
Change in plan assets:            
Fair value of plan assets at beginning of year 40,747          
Fair value of plan assets at end of year 42,432 40,747        
Plan Assets:            
Total Investments in Fair Value Hierarchy       42,432 40,747  
Total Investments $ 40,747 $ 40,747   42,432 40,747  
Foreign Plans | Level 2 | Investment Funds            
Plan Assets:            
Total Investments in Fair Value Hierarchy       42,432 40,747  
Foreign Plans | Level 2 | Mutual Funds Diversified            
Plan Assets:            
Total Investments in Fair Value Hierarchy       42,432 40,747  
Non-qualified supplemental pension plan | United States            
Non-qualified supplemental pension plan information            
Non funded liability       $ 12,600 $ 11,100