Postretirement Benefit Plans (Tables)

Obligations and Funded Status at December 31

(In thousands)	United States						United Kingdom
	2016			2015			2016			2015
Change in benefit obligation
Benefit obligation at beginning of year	$	160,789		$	169,407		$	19,950		$	22,983
Interest cost		6,934			6,815			733			789
Actuarial (gain) loss		1,538			(9,315	)		5,614			(1,763	)
Benefits paid		(6,534	)		(6,118	)		(513	)		(891	)
Foreign exchange impact		—			—			(3,750	)		(1,168	)
Benefit obligation at end of year	$	162,727		$	160,789		$	22,034		$	19,950

(In thousands)	United States						United Kingdom
	2016			2015			2016			2015
Change in plan assets
Fair value of plan assets at beginning of year	$	121,835		$	126,369		$	21,425		$	22,858
Actual return on plan assets		21,612			1,374			2,758			72
Employer contributions		179			210			378			605
Benefits paid		(6,534	)		(6,118	)		(513	)		(891	)
Foreign exchange impact		—			—			(3,712	)		(1,219	)
Fair value of plan assets at end of year	$	137,092		$	121,835		$	20,336		$	21,425

Over (Under) funded status at end of year	$	(25,635	)	$	(38,954	)	$	(1,698	)	$	1,475

The amounts recognized in the consolidated balance sheets at December 31 consisted of

(In thousands)	United States						United Kingdom
	2016			2015			2016			2015
Non-current asset	$	—		$	—		$	—		$	1,475
Current liability		(166	)		(198	)		—			—
Non-current liability		(25,469	)		(38,756	)		(1,698	)		—
Net amount recognized	$	(25,635	)	$	(38,954	)	$	(1,698	)	$	1,475

The amounts recognized in accumulated other comprehensive income at December 31 consisted of

(In thousands)	United States				United Kingdom
	2016		2015		2016		2015
Net actuarial loss	$	40,022	$	54,470	$	7,443	$	3,764

Below is information for pension plans with projected benefit obligations in excess of plan assets at December 31:

(In thousands)	United States				United Kingdom
	2016		2015		2016		2015
Projected benefit obligation	$	162,727	$	160,789	$	22,034	$	—
Accumulated benefit obligation		162,727		160,789		22,034		—
Fair value of plan assets		137,092		121,835		20,336		—

Net periodic benefit costs for the years ended December 31, 2016, 2015 and 2014, were as follows:

(In thousands)	United States									United Kingdom
	2016			2015			2014			2016			2015			2014
Interest cost	$	6,934		$	6,815		$	6,936		$	733		$	789		$	964
Expected return on plan assets		(9,012	)		(9,579	)		(9,523	)		(900	)		(1,054	)		(1,303	)
Amortization of net actuarial loss		3,386			4,534			2,687			77			179			—
Net periodic benefit cost	$	1,308		$	1,770		$	100		$	(90	)	$	(86	)	$	(339	)

Other changes in plan assets and benefit obligations recognized in other comprehensive income for the years ended December 31, 2016, 2015 and 2014, were as follows:

(In thousands)	United States									United Kingdom
	2016			2015			2014			2016			2015			2014
Net actuarial (gain) loss	$	(11,062	)	$	(1,110	)	$	35,999		$	3,756		$	(781	)	$	2,577
Amortization of net actuarial loss		(3,386	)		(4,534	)		(2,687	)		(77	)		(179	)		—
Total recognized in other comprehensive income	$	(14,448	)	$	(5,644	)	$	33,312		$	3,679		$	(960	)	$	2,577
Total recognized in net periodic benefit cost and other comprehensive income	$	(13,140	)	$	(3,874	)	$	33,412		$	3,589		$	(1,046	)	$	2,238

The estimated amounts that will be reclassified from accumulated other comprehensive income into net periodic benefit cost in 2017 are as follows:

(In thousands)

United

States

United

Kingdom

Net actuarial loss

3,152

365

Estimated Future Benefit Payments

(In thousands)	United States		United Kingdom
2017	$	7,065	$	491
2018		7,550		500
2019		8,048		506
2020		8,502		517
2021		9,008		541
2022-2026		50,435		3,386

Defined contribution plan expenses for the Company’s retirement savings plans and profit sharing plan were as follows:

(In thousands)	2016		2015		2014
Retirement savings plans	$	4,902	$	4,644	$	4,565
Profit sharing plan		6,230		4,972		3,619
Total	$	11,132	$	9,616	$	8,184

The Company’s asset allocations for its U.S. pension plans at December 31, 2016 and 2015, by asset category, were as follows:

	December 31, 2016
(In thousands)	Level 1		Level 2		Level 3		Total
Cash and Cash Equivalents	$	3,633	$	275	$	—	$	3,908
Equity Securities
U.S. Equities		29,390		—		—		29,390
Non-U.S. Equities		14,637		—		—		14,637
Employer Securities		36,018		—		—		36,018
Total Equities		80,045		—		—		80,045
Fixed Income Securities
U.S. Corporate Bonds		—		28,278		—		28,278
U.S. Government and Agency Bonds		8,309		971		—		9,280
Other Bonds		—		7,696		—		7,696
Total Fixed Income		8,309		36,945		—		45,254
Mutual Funds
Real Estate		5,362		—		—		5,362
Commodities		2,523		—		—		2,523
Other		—		—		—		—
Total Mutual Funds		7,885		—		—		7,885
Total	$	99,872	$	37,220	$	—	$	137,092

	December 31, 2015
(In thousands)	Level 1		Level 2		Level 3		Total
Cash and Cash Equivalents	$	—	$	1,989	$	—	$	1,989
Equity Securities
U.S. Equities		33,076		—		—		33,076
Non-U.S. Equities		10,630		—		—		10,630
Employer Securities		24,792		—		—		24,792
Total Equities		68,498		—		—		68,498
Fixed Income Securities
U.S. Corporate Bonds		—		26,389		—		26,389
U.S. Government and Agency Bonds		365		9,371		—		9,736
Other Bonds		—		7,378		—		7,378
Total Fixed Income		365		43,138		—		43,503
Mutual Funds
Real Estate		5,222		—		—		5,222
Commodities		1,481		—		—		1,481
Other		1,142		—		—		1,142
Total Mutual Funds		7,845		—		—		7,845
Total	$	76,708	$	45,127	$	—	$	121,835

The Company’s asset allocations for its U.K. pension plans at December 31, 2016 and 2015, by asset category, were as follows:

	December 31, 2016
(In thousands)	Level 1		Level 2		Level 3		Total
Cash	$	243	$	—	$	—	$	243
Equity Securities
Pooled Pension Funds		—		11,760		—		11,760
Fixed Income
Pooled Pension Funds		—		6,015		—		6,015
Real Estate
Pooled Pension Funds		—		559		—		559
Insurance Contracts		—		—		1,759		1,759
Total	$	243	$	18,334	$	1,759	$	20,336

	December 31, 2015
(In thousands)	Level 1		Level 2		Level 3		Total
Cash	$	833	$	—	$	—	$	833
Equity Securities
Pooled Pension Funds		—		12,397		—		12,397
Fixed Income
Pooled Pension Funds		—		5,740		—		5,740
Real Estate
Pooled Pension Funds		—		486		—		486
Insurance Contracts		—		—		1,969		1,969
Total	$	833	$	18,623	$	1,969	$	21,425

Fair value changes within asset categories for which fair value measurements use significant unobservable inputs (Level 3) were as follows during 2015 and 2016:

(In thousands)	Insurance Contracts
Fair value, December 31, 2014	$	2,241
Sale proceeds (benefit payments)		(168	)
Change in unrealized gain		11
Foreign exchange impact		(115	)
Fair value, December 31, 2015	$	1,969
Sale proceeds (benefit payments)		(144	)
Change in unrealized gain		265
Foreign exchange impact		(331	)
Fair value, December 31, 2016	$	1,759

The weighted-average assumptions used to determine net periodic benefit costs for years ended December 31 were as follows:

	United States									United Kingdom
	2016			2015			2014			2016			2015			2014
Discount rate		4.39	%		4.09	%		4.87	%		4.00	%		3.50	%		4.60	%
Expected long-term return on plan assets		7.00	%		7.50	%		7.75	%		4.59	%		4.66	%		5.84	%

The weighted-average assumptions used to determine benefit obligations at December 31 were as follows:

	United States						United Kingdom
	2016			2015			2016			2015
Discount rate		4.17	%		4.39	%		2.60	%		4.00	%