XML 75 R52.htm IDEA: XBRL DOCUMENT v3.10.0.1
Benefit Plans (Tables)
12 Months Ended
Dec. 31, 2017
Retirement Benefits [Abstract]  
Summary of net periodic benefit costs
The net periodic benefit cost for those entities with pension plans was as follows:
For the years ended December 31,
2017
 
2016
 
2015
Service cost
$
661

 
$
1,884

 
$
4,408

Interest
165

 
318

 
730

Expected return on assets

 
(138
)
 
(400
)
Amortization of prior service costs
22

 
279

 
903

Recognition of actuarial items
(261
)
 

 

Curtailment gain
(153
)
 

 

Net periodic benefit cost
$
434

 
$
2,343

 
$
5,641

Summary of weighted average assumptions
The weighted average assumptions were as follows:
For the years ended December 31,
2017
 
2016
 
2015
Discount rate for obligations
5.25-9.25%
 
8.50%
 
0.75-7.50%
Discount rate for net periodic benefit costs
4.75-8.50%
 
0.75-7.50%
 
1.00%-7.00%
Rate of compensation increases
4.50-5.00%
 
4.50%
 
2.00-4.50%
Expected return in plan assets
N/A
 
N/A
 
0.75%
Summary of change in projected benefit obligations, in plan assets and funded (unfunded) status
The change in PBO, change in plan assets and funded (unfunded) status for those entities with pension plans were as follows:
For the years ended December 31,
2017
 
2016
Change in PBO:
 
 
 
PBO at beginning of year
$
1,421

 
$
61,559

Service cost
661

 
1,884

Interest
165

 
318

Actuarial loss
(237
)
 
(10
)
Benefits paid by plan
(124
)
 
(598
)
Participants contributions

 
1,024

Curtailment gain
(153
)
 
(18,474
)
Settlements

 
(44,234
)
Administrative expenses

 

Foreign exchange
71

 
(48
)
PBO at end of year
$
1,804

 
$
1,421

Change in plan assets:
 
 
 
Fair value of assets at beginning of year
$

 
$
41,783

Actual return on assets

 
344

Employer contributions

 
1,276

Participant contributions

 
1,025

Benefits paid by plan

 
(367
)
Administrative expenses

 

Settlements

 
(44,234
)
Foreign exchange

 
173

Fair value of assets at end of year
$

 
$

Unfunded status
$
1,804

 
$
1,421

 
 
 
 
Actuarial loss
$
(439
)
 
$
(278
)
Prior service cost

 
20

Amount recognized in AOCI, pre-tax
$
(439
)
 
$
(258
)
 
 
 
 
Accumulated benefit obligation
$
1,804

 
$
1,421

Schedule of estimated future benefit payments
The Company estimates that employer contributions to plan assets during 2018 will be approximately the same as during the year ended December 31, 2017. The estimated future benefit payments for the next 10 fiscal years are as follows:
For the year ending December 31,
 
2018
$
206

2019
190

2020
209

2021
227

2022
233

2023 through 2027
1,826