Defined Contribution Plans, Pension and Other Post-Retirement Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2018

Change in Benefit Obligation, Plan Assets and Funded Status

The change in benefit obligation, plan assets and funded status as of December 31 is as follows:



	U.S. Pension and Other Post-Retirement Benefit Plans						Non-U.S. Pension Plans
	2018			2017			2018			2017
Change in benefit obligation:
Benefit obligation — Beginning of the year	$	50,072		$	47,512		$	45,737		$	40,820
Service cost	—			116			788			—
Interest cost	1,664			1,810			1,030			1,138
Participant contributions	9			8			—			—
Benefits paid	(2,360		)	(2,188		)	(1,816		)	(1,309		)
Actuarial (gain) loss	(4,147		)	2,814			(2,772		)	1,099
Exchange rate changes	—			—			(2,702		)	3,989
Benefit obligation at end of the year	45,238			50,072			40,265			45,737
Change in plan assets:
Fair value of plan assets — Beginning of the year	45,046			38,390			35,377			31,080
Actual return on plan assets	(2,259		)	6,584			(1,808		)	1,798
Employer contributions	2,526			2,252			763			747
Participant contributions	9			8			—			—
Benefits paid	(2,360		)	(2,188		)	(1,816		)	(1,309		)
Exchange rate changes	—			—			(2,092		)	3,061
Fair value of plan assets at end of the year	42,962			45,046			30,424			35,377
Funded status	$	(2,276	)	$	(5,026	)	$	(9,841	)	$	(10,360	)

Amounts Recognized in Consolidated Balance Sheets

Amounts recognized in the Consolidated Balance Sheets at December 31 consisted of:



	U.S. Pension and Other Post-Retirement Benefit Plans				Non-U.S. Pension Plans
	2018		2017		2018		2017
Current liabilities	$	28	$	52	$	—	$	—
Noncurrent liabilities	2,248		4,974		9,841		10,360
Amount recognized	$	2,276	$	5,026	$	9,841	$	10,360

Components of Net Periodic Benefit Cost

The components of net periodic (benefit) cost for the years ended December 31 were as follows:



	U.S. Pension and Other Post-Retirement Benefit Plans									Non-U.S. Pension Plans
	2018			2017			2016			2018			2017			2016
Service cost	$	—		$	116		$	126		$	—		$	—		$	—
Interest cost	1,664			1,810			1,878			1,030			1,138			1,370
Expected return on plan assets	(3,151		)	(2,684		)	(2,719		)	(1,210		)	(1,196		)	(1,520		)
Amortization of prior service cost	6			6			6			—			—			—
Recognized actuarial loss (gain)	263			21			308			496			312			210
Net periodic (benefit) cost	$	(1,218	)	$	(731	)	$	(401	)	$	316		$	254		$	60

Amounts Recognized in Accumulated Other Comprehensive Income (Loss)

Amounts recognized in accumulated other comprehensive income (loss), before taking into account income tax effects, at December 31 are as follows:



	U.S. Pension and Other Post-Retirement Benefit Plans						Non-U.S. Pension Plans
	2018		2017		2016		2018		2017		2016
Net actuarial loss	$	14,767	$	13,765	$	15,219	$	12,972	$	13,454	$	14,134
Prior service cost	51		57		63		788		—		—
	$	14,818	$	13,822	$	15,282	$	13,760	$	13,454	$	14,134

Amounts Recognized as Other Changes in Plan Assets and Benefit Obligations in Other Comprehensive Income

Amounts recognized as other changes in plan assets and benefit obligations in other comprehensive income (loss), before taking into account income tax effects, for the year ended December 31 are as follows:



	U.S. Pension and Other Post-Retirement Plans						Non-U.S. Pension Plans
	2018			2017			2018			2017
Actuarial loss (gain)	$	1,266		$	(1,087	)	$	245		$	519
Amortization of actuarial (gain) loss	(263		)	(367		)	781			(504		)
Prior service credit	(6		)	(6		)	(491		)	—
Total recognized in other comprehensive income (loss)	$	997		$	(1,460	)	$	535		$	15

Weighted-Average Assumptions Used to Determine Benefit Obligations and Net Periodic Benefit Cost

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



	U.S. Pension and Other Post-Retirement Benefit Plans				Non-U.S. Pension Plans
	2018		2017		2018		2017
Discount rate	4.06	%	3.42	%	2.80	%	2.45	%

Weighted-average assumptions used to determine net periodic benefit cost at December 31 were as follows:



	U.S. Pension and Other Post-Retirement Plans						Non-U.S. Pension Plans
	2018		2017		2016		2018		2017		2016
Discount rate	3.42	%	3.87	%	4.05	%	2.45	%	2.70	%	3.90	%
Expected return on plan assets	7.00	%	7.00	%	7.50	%	3.70	%	3.70	%	5.00	%

Fair Values of Pension Plan Assets by Asset Category and by Level

Our current investment allocation target for our pension plans for 2018 and our weighted-average asset allocations of our pension assets for the years ended December 31, by asset category, are as follows:



	Target Allocation				Actual Allocations as of December 31,
	2018		2017		U.S. Pension Plans		Non-U.S. Pension Plans
	U.S.	Non-U.S.	U.S.	Non-U.S.	2018	2017	2018	2017
Cash and cash equivalents	—	—	—	—	1	—	1	—
Equity/Balanced securities	55	55	55	55	52	57	59	58
Fixed income securities	25	45	25	45	22	20	40	42
Real estate	20	—	20	—	25	23	—	—
	100%	100%	100%	100%	100%	100%	100%	100%

The fair values of our pension plan assets by asset category and by level as described in Note 2 for the years ended December 31, 2018 and 2017 are as follows:



	December 31, 2018
			Quoted Prices in Active Markets for Identical Assets		Significant Observable Inputs		Significant Unobservable Inputs
	Total		Level 1		Level 2		Level 3
Cash and cash equivalents	$	623	$	623	$	—	$	—
Equities:
U.S. large value	4,815		4,815		—		—
U.S. large growth	5,270		5,270		—		—
International blend	9,134		—		9,134		—
International growth	3,093		3,093		—		—
Emerging markets	—		—		—		—
Balanced	17,952		—		17,952		—
Fixed income securities:
Government bonds	10,240		—		10,240		—
Corporate bonds	11,297		—		11,297		—
Real Estate:
U.S. property	10,962		—		—		10,962
Total pension fund assets	$	73,386	$	13,801	$	48,623	$	10,962

	December 31, 2017
			Quoted Prices in Active Markets for Identical Assets		Significant Observable Inputs		Significant Unobservable Inputs
	Total		Level 1		Level 2		Level 3
Cash and cash equivalents	$	264	$	264	$	—	$	—
Equities:
U.S. large value	5,499		5,499		—		—
U.S. large growth	5,792		5,792		—		—
International blend	10,734		—		10,734		—
Emerging markets	3,613		3,613		—		—
Balanced	21,895		—		21,895		—
Fixed income securities:
Government bonds	9,806		—		9,806		—
Corporate bonds	12,667		—		12,667		—
Real Estate:
U.S. property	10,153		—		—		10,153
Total pension fund assets	$	80,423	$	15,168	$	55,102	$	10,153

Fair Value of Pension Plan Assets Measured Using Significant Unobservable Inputs

The fair value of our pension plan assets measured using significant unobservable inputs (Level 3) at December 31 are as follows:



	2018		2017
Beginning balance	$	10,153	$	9,409
Actual return on assets held at reporting date	809		744
Ending balance	$	10,962	$	10,153

Expected Future Benefit Payments of Pension and Other Post-Retirement Benefit Plans

The following table summarizes our expected future benefit payments of our pension and other post-retirement benefit plans:



Year Ending December 31,	Pension Plans
2019	$	4,293
2020	$	4,370
2021	$	4,475
2022	$	4,481
2023	$	4,602
2024 to 2028	$	23,922