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Employee Benefit Plan (Tables) - Non-U.S. Plan
12 Months Ended
Dec. 31, 2019
Employee Benefit Plan  
Schedule of net periodic pension cost

 

 

 

 

 

 

 

 

 

 

 

 

Year ended December 31, 

 

    

2019

    

2018

    

2017

 

 

 

 

 

 

 

 

 

 

Service cost (gross)

 

$

1,164

 

$

1,281

 

$

1,397

Interest cost

 

 

234

 

 

199

 

 

188

Expected return on plan assets

 

 

(242)

 

 

(327)

 

 

(199)

Amortization of unrecognized actuarial gain

 

 

(22)

 

 

18

 

 

45

Net periodic pension cost

 

$

1,134

 

$

1,171

 

$

1,431

 

Summary of net unfunded status of pension plans

 

 

 

 

 

 

 

 

 

As of December 31, 

 

    

2019

    

2018

Fair value of plan assets

 

$

14,159

 

$

12,823

Projected benefit obligation

 

 

(21,759)

 

 

(18,173)

Net unfunded benefit obligation

 

$

(7,600)

 

$

(5,350)

 

Schedule of change in the fair value of plan assets

 

 

 

 

 

 

 

 

 

Year ended December 31, 

 

    

2019

    

2018

 

 

 

 

 

 

 

Fair value of plan assets at January 1

 

$

12,823

 

$

12,390

Employee contributions

 

 

485

 

 

506

Actual return on plan assets

 

 

908

 

 

904

    Benefits (paid), net of transfers

 

 

(977)

 

 

(1,601)

Employer contributions

 

 

977

 

 

971

Foreign exchange adjustment

 

 

(57)

 

 

(347)

Fair value of plan assets at December 31

 

$

14,159

 

$

12,823

 

Schedule of change in benefit obligations

 

 

 

 

 

 

 

 

 

Year ended December 31, 

 

    

2019

    

2018

 

 

 

 

 

 

 

Benefit obligations at January 1

 

$

18,173

 

$

18,308

Gross service cost

 

 

1,164

 

 

1,281

Interest cost

 

 

234

 

 

199

Employee contributions

 

 

485

 

 

506

Actuarial (gains)/losses

 

 

2,763

 

 

(672)

Plan amendment

 

 

 —

 

 

560

Benefits (paid), net of transfers

 

 

(977)

 

 

(1,601)

Foreign exchange adjustment

 

 

(83)

 

 

(408)

Benefit obligations at December 31

 

$

21,759

 

$

18,173

 

Summary of weighted average assumptions

 

 

 

 

 

 

 

 

 

 

 

As of December 31, 

 

    

2019

    

2018

 

 

(%)

Discount rates

 

0.15

-

0.70

 

0.90

-

1.80

Inflation

 

1.00

-

2.00

 

1.00

-

2.00

Expected return on plan assets

 

1.25

-

2.00

 

1.30

-

2.00

Rate of salary increases

 

2.00

-

2.80

 

2.00

-

2.80

 

Schedule of projected future pension benefits

 

 

 

 

2020

    

$

452

2021

 

 

549

2022

 

 

769

2023

 

 

667

2024

 

 

568

Beyond

 

 

4,460