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Pension And Other Postretirement Benefits (Tables)
12 Months Ended
Dec. 31, 2011
Defined Benefit Plan Disclosure [Line Items]  
Schedule Of Weighted Average Assumptions Used In Determining Net Periodic Benefit Cost
     Pension     Other Benefits  
      2011     2010     2009     2011     2010     2009  

Discount rate

     5.50     5.78     6.06     5.10     5.60     6.05

Rate of return

     8.31     8.27     8.17                     

Initial healthcare trend rate

                          8.0     9.0     10.0

Ultimate healthcare trend rate

                          5.0     5.0     5.0
Schedule Of Pension And Postretirement Benefit Plans
     Pension     Other Benefits  
     2011     2010     2011     2010  
     Under Funded     Under Funded  
     (Dollars in thousands)  

Benefit obligation, beginning of year

   $ 354,125      $ 332,002      $ 55,522      $ 57,027   

Service cost

     2,297        2,584        479        871   

Interest cost

     17,284        18,633        2,054        2,777   

Amendments

            32                 

Actuarial loss (gain)

     65,636        20,758        5,047        (1,718

Divestiture of businesses

     (28,568            (10,361       

Currency translation

     200        (2,005              

Benefits paid

     (15,507     (15,964     (3,466     (3,692

Medicare Part D reimbursement

                   233        257   

Settlements

     (173     (444              

Administrative costs

     (1,463     (1,419              

Curtailments

     (37     (52              
  

 

 

   

 

 

   

 

 

   

 

 

 

Projected benefit obligation, end of year

     393,794        354,125        49,508        55,522   
  

 

 

   

 

 

   

 

 

   

 

 

 

Fair value of plan assets, beginning of year

     261,934        218,122                 

Actual return on plan assets

     11,419        29,931                 

Contributions

     6,451        32,085                 

Divestiture of businesses

     (19,619                     

Benefits paid

     (15,507     (15,964              

Settlements paid

     (173     (389              

Administrative costs

     (1,463     (1,419              

Currency translation

     282        (432              
  

 

 

   

 

 

   

 

 

   

 

 

 

Fair value of plan assets, end of year

     243,324        261,934                 
  

 

 

   

 

 

   

 

 

   

 

 

 

Funded status, end of year

   $ (150,470   $ (92,191   $ (49,508   $ (55,522
  

 

 

   

 

 

   

 

 

   

 

 

 
Schedule Of Amounts Recognized In The Consolidated Balance Sheet
     Pension     Other Benefits  
     2011     2010     2011     2010  
     (Dollars in thousands)  

Payroll and benefit-related liabilities

   $ (1,813   $ (2,012   $ (3,181   $ (3,932

Pension and postretirement benefit liabilities

     (148,657     (90,179     (46,327     (51,590

Accumulated other comprehensive income (loss)

     204,508        143,637        6,854        6,295   
  

 

 

   

 

 

   

 

 

   

 

 

 
   $ 54,038      $ 51,446      $ (42,654   $ (49,227
  

 

 

   

 

 

   

 

 

   

 

 

 
Schedule Of Weighted Average Assumptions Used In Determining Benefit Obligations
     Pension     Other Benefits  
     2011     2010     2011     2010  

Discount rate

     4.28     5.31     3.95     5.05

Expected return on plan assets

     8.27     8.31              

Rate of compensation increase

     3.0     3.28              

Initial healthcare trend rate

                   8.5     8.0

Ultimate healthcare trend rate

                   5.0     5.0
Schedule Of Fair Values Of Pension Plan Assets
Fair Value Measurements at 12/31/11  

Asset Category (a)

   Total      Quoted Prices in
Active Markets for
Identical Assets

(Level 1)
     Significant
Observable
Inputs

(Level 2)
     Significant
Unobservable
Inputs

(Level 3)
 
     (Dollars in thousands)  

Cash

   $ 432       $ 432       $       $   

Money market funds

     2,987         2,987                   

Equity securities:

                     

U.S. large-cap disciplined equity (b)

     67,089         67,089                   

U.S. small/mid-cap equity (c)

     18,290         18,290                   

World Equity (excluding United States) (d)

     42,260         42,260                   

Common Equity Securities — Teleflex Incorporated

     7,165         7,165                   

Diversified United Kingdom Equity

     5,681         5,681                   

Diversified Global (excluding United Kingdom

     2,860         2,860                   

Fixed income securities:

                     

Long duration bond fund (e)

     71,057         71,057                   

Corporate, government and foreign bonds

     2,573                 2,573           

Asset backed — home loans

     1,008                 1,008           

Other types of investments:

                

Hedge fund of funds (f)

     20,624                         20,624   

General Fund — Japan

     767                 767           

Other

     531                         531   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $ 243,324       $ 217,821       $ 4,348       $ 21,155   
  

 

 

    

 

 

    

 

 

    

 

 

 

 

The fair values of the Company's pension plan assets at December 31, 2010 by asset category are as follows:

 

     Fair Value Measurements at 12/31/10  

Asset Category (a)

   Total      Quoted Prices in
Active Markets for
Identical Assets

(Level 1)
     Significant
Observable
Inputs

(Level 2)
     Significant
Unobservable
Inputs

(Level 3)
 
     (Dollars in thousands)  

Cash

   $ 433       $ 433       $       $   

Money market funds

     4,098         4,098                   

Equity securities:

                     

U.S. large-cap disciplined equity (b)

     76,736         76,736                   

U.S. small/mid-cap equity (c)

     21,237         21,237                   

World Equity (excluding United States) (d)

     52,199         52,199                   

Common Equity Securities — Teleflex Incorporated

     6,290         6,290                   

Diversified United Kingdom Equity

     5,960         5,960                   

Diversified Global (excluding United Kingdom

     3,101         3,101                   

Fixed income securities:

                     

Long duration bond fund (e)

     66,459         66,459                   

Corporate, government and foreign bonds

     2,216                 2,216           

Asset backed — home loans

     1,262                 1,262           

Other types of investments:

                

Hedge fund of funds (f)

     20,689                         20,689   

General Fund — Japan

     756                 756           

Other

     498                         498   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $ 261,934       $ 236,513       $ 4,234       $ 21,187   
  

 

 

    

 

 

    

 

 

    

 

 

 

 

(a) Information on asset categories described in notes (b)-(f) is derived from prospectuses and other material provided by the respective funds comprising the respective asset categories.

 

(b) This category comprises a mutual fund that invests at least 80% of its net assets in equity securities of large companies. These securities include common stocks, preferred stocks, warrants, exchange traded funds based on a large cap equity index and derivative instruments whose value is based on an underlying equity security or a basket of equity securities. The fund invests primarily in common stocks of U.S. companies with market capitalizations in the range of companies in the S&P 500 Composite Stock Price Index (S&P 500 Index).

 

(c) This category comprises a mutual fund that invests at least 80% of its net assets in equity securities of small and mid-sized companies. The fund invests in common stocks or exchange traded funds holding common stock of U.S. companies with market capitalizations in the range of companies in the Russell 2500 Index.

 

(d) This category comprises a mutual fund that invests at least 80% of its net assets in equity securities of foreign companies. These securities may include common stocks, preferred stocks, warrants, exchange traded funds based on an international equity index and derivative instruments whose value is based on an international equity index and derivative instruments whose value is based on an underlying equity security or a basket of equity securities. The fund invests in securities of foreign issuers located in developed and emerging market countries. However, the fund will not invest more than 30% of its assets in the common stocks or other equity securities of issuers located in emerging market countries.

 

 

Schedule Of Expected Benefit Payments
     Pension      Other Benefits  
     (Dollars in thousands)  

2012

   $ 16,785       $ 3,181   

2013

     17,454         3,126   

2014

     17,837         3,191   

2015

     18,473         3,243   

2016

     19,050         3,385   

Years 2017 — 2021

     105,586         17,372   
Schedule Of Reconciliation Of Changes In Level 3 Pension Assets Measured At Fair Value On Recurring Basis
     Hedge Fund
of Funds
    Other
Investments
 
     (Dollars in thousands)  

Balance at beginning of year

   $ 20,689      $ 498   

Unrealized gains (losses)

     (65 )     25   

Foreign currency adjustment

            8   
  

 

 

   

 

 

 

Balance at end of year

   $ 20,624      $ 531   
  

 

 

   

 

 

 
Pension [Member]
 
Defined Benefit Plan Disclosure [Line Items]  
Schedule Of Amounts Recognized In Accumulated Other Comprehensive Income
     Pension  
     Prior Service
Cost (Credit)
    Net (Gain)
or Loss
    Deferred
Taxes
    Accumulated
Other
Comprehensive
Income (Loss),
Net of Tax
 
     (Dollars in thousands)  

Balance at December 31, 2009

   $ 507      $ 139,000      $ (50,965   $ 88,542   

Reclassification adjustments related to components of Net Periodic Benefit Cost recognized during the period:

        

Net amortization and deferral

     (67     (4,236     1,529        (2,774

Settlement

            20        (11     9   

Amounts arising during the period:

        

Tax rate adjustments

                   344        344   

Actuarial changes in benefit obligation

            8,982        (3,371     5,611   

Impact of currency translation

     (9     (560     161        (408
  

 

 

   

 

 

   

 

 

   

 

 

 

Balance at December 31, 2010

     431        143,206        (52,313     91,324   

Reclassification adjustments related to components of Net Periodic Benefit Cost recognized during the period:

        

Net amortization and deferral

     (32     (3,986     1,449        (2,569

Settlement

            5        (2     3   

Amounts arising during the period:

        

Tax rate adjustments

                   (58     (58

Actuarial changes in benefit obligation

            74,215        (26,959     47,256   

Divestiture of businesses

     (148     (9,260     3,415        (5,993

Impact of currency translation

            77        (20     57   
  

 

 

   

 

 

   

 

 

   

 

 

 

Balance at December 31, 2011

   $ 251      $ 204,257      $ (74,488   $ 130,020   
  

 

 

   

 

 

   

 

 

   

 

 

 
Other Benefits [Member]
 
Defined Benefit Plan Disclosure [Line Items]  
Schedule Of Amounts Recognized In Accumulated Other Comprehensive Income
     Other Benefits  
     Prior Service
Cost (Credit)
    Initial
Obligation
    Net
(Gain) or
Loss
    Deferred
Taxes
    Accumulated
Other
Comprehensive
Income (Loss),
Net of Tax
 
     (Dollars in thousands)  

Balance at December 31, 2009

   $ 587      $ 550      $ 7,314      $ (2,639   $ 5,812   

Reclassification adjustments related to components of Net Periodic Benefit Cost recognized during the period:

          

Net Amortization and deferral

     (78     (186     (174     163        (275

Amounts Arising During the period:

          

Tax rate adjustments

                          (51     (51

Actuarial changes in benefit obligation

                   (1,718     654        (1,064
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Balance at December 31, 2010

     509        364        5,422        (1,873     4,422   

Reclassification adjustments related to components of Net Periodic Benefit Cost recognized during the period:

          

Net Amortization and deferral

     56        (110     99        (17     28   

Amounts Arising During the period:

          

Tax rate adjustments

                          (4     (4

Actuarial changes in benefit obligation

                   5,047        (1,882     3,165   

Divestiture of businesses

     (658     (152     (3,723     1,450        (3,083
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Balance at December 31, 2011

   $ (93   $ 102      $ 6,845      $ (2,326   $ 4,528