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

12 Months Ended

Dec. 31, 2021

Retirement Benefits [Abstract]

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 Plan
	2021		2020		2021		2020
Change in benefit obligation:
Benefit obligation — Beginning of the year	$	41,218	$	39,577	$	53,654	$	44,841
Service cost	—		—		—		37
Interest cost	827		1,117		638		838
Participant contributions	1		2		—		—
Benefits paid	(2,422)		(2,344)		(1,692)		(1,820)
Actuarial (gain) loss	(776)		2,866		(3,595)		7,514
Exchange rate changes	—		—		(460)		2,244
Benefit obligation at end of the year	$	38,848	$	41,218	$	48,545	$	53,654
Change in plan assets:
Fair value of plan assets — Beginning of the year	$	42,628	$	40,045	$	38,485	$	34,321
Actual return on plan assets	966		4,907		1,169		3,474
Employer contributions	28		18		1,077		948
Participant contributions	1		2		—		—
Benefits paid	(2,422)		(2,344)		(1,692)		(1,820)
Exchange rate changes	—		—		(399)		1,562
Fair value of plan assets at end of the year	41,201		42,628		38,640		38,485
Funded status	$	2,353	$	1,410	$	(9,905)	$	(15,169)

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 Plan
	2021		2020		2021		2020
Noncurrent assets	$	2,479	$	1,557	$	—	$	—
Current liabilities	(126)		(20)		—		—
Noncurrent liabilities	—		(127)		(9,906)		(15,169)
Amount recognized	$	2,353	$	1,410	$	(9,906)	$	(15,169)

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 Plan
	2021		2020		2019		2021		2020		2019
Interest cost	$	827	$	1,117	$	1,483	$	638	$	838	$	1,112
Expected return on plan assets	(2,212)		(2,075)		(2,393)		(1,000)		(1,093)		(1,117)
Amortization of prior service cost 1	6		6		2,528		54		47		47
Recognized actuarial loss	283		283		308		953		592		531
Net periodic cost (benefit)	$	(1,096)	$	(669)	$	1,926	$	645	$	384	$	573

1 Includes $2.5 million non-cash settlement charge arising from the early payout of the U.S. defined benefit plan benefits in the year ended December 31, 2020.

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 Plan
	2021		2020		2019		2021		2020		2019
Net actuarial loss	$	10,875	$	10,689	$	10,937	$	13,923	$	18,574	$	13,783
Prior service cost	33		39		45		687		748		747
	$	10,908	$	10,728	$	10,982	$	14,610	$	19,322	$	14,530

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 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 Plan
	2021		2020		2021		2020
Actuarial (gain) loss	$	469	$	34	$	(3,717)	$	5,428
Amortization of actuarial (loss) gain	(283)		(283)		(942)		(625)
Prior service credit	(6)		(6)		(53)		(11)
Total recognized in other comprehensive income (loss)	$	180	$	(255)	$	(4,712)	$	4,792

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 Plan
	2021		2020		2021		2020
Discount rate	2.07	%	2.08	%	1.80	%	1.20	%

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 Plan
	2021		2020		2019		2021		2020		2019
Discount rate	2.08	%	2.93	%	3.40	%	1.20	%	1.95	%	2.80	%
Expected return on plan assets	5.34	%	5.34	%	5.34	%	2.60	%	3.30	%	3.70	%

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

Our investment allocation target for our pension plans for 2021 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
	2021		2020		2021		2020
	U.S.	Non-U.S.	U.S.	Non-U.S.	U.S.	Non-U.S.	U.S.	Non-U.S.
Cash and cash equivalents	21	—	1	—	21	1	1	5
Equity/Balanced securities	—	53	29	52	—	52	29	49
Fixed income securities	79	47	61	48	54	47	61	46
Real estate	—	—	9	—	25	—	9	—
	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 6, Fair Value Measurement, for the years ended December 31, 2021 and 2020 are as follows:

	December 31, 2021
			Quoted Prices in Active Markets for Identical Assets		Significant Observable Inputs		Net Asset Value Per Share
	Total		Level 1		Level 2		NAV
Cash and cash equivalents	$	9,192	$	442	$	—	$	8,750
Balanced	20,239		—				20,239
Fixed income securities:
Corporate bonds	37,117		—		22,361		14,756
Other	13,294		—		10,091		3,203
Total pension fund assets	$	79,842	$	442	$	32,452	$	46,948

	December 31, 2020
			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	$	2,125	$	2,125	$	—	$	—
Equities:
U.S. large value	2,525		2,525		—		—
U.S. large growth	2,741		2,741		—		—
International blend	5,253		—		5,253		—
Emerging markets	1,717		1,717		—		—
Balanced	18,958		—		18,958		—
Fixed income securities:
Corporate bonds	40,485		—		40,485		—
Other	3,221		—		3,221		—
Real Estate:
U.S. property	4,088		—		—		4,088
Total pension fund assets	$	81,113	$	9,108	$	67,917	$	4,088

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:

	2021		2020
Beginning balance	$	4,088	$	4,070
Actual return on assets held at reporting date	—		18
Purchases, sales and settlements, net	(4,088)		—
Ending balance	$	—	$	4,088

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
2022 (1)	$	40,504
2023	$	1,822
2024	$	1,881
2025	$	1,846
2026	$	1,919
2027 to 2031	$	10,096

1.It is not practical to estimate at this time how much of the U.S. Pension Plan liabilities will be settled in 2022 or 2023; therefore, the table above assumes that all settlement occurs in 2022.