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Employee Benefit Plans (Tables)
12 Months Ended
Dec. 31, 2019
Defined Benefit Plan [Abstract]  
Schedule of plan's funded status and the total amounts recognized in the consolidated balance sheets (in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31,  2019

 

 

    

Global

    

GMG

    

 

 

 

 

 

Pension Plan

 

Pension Plan

 

Total

 

Projected benefit obligation

 

$

17,030

 

$

4,459

 

$

21,489

 

Fair value of plan assets

 

 

14,267

 

 

2,832

 

 

17,099

 

Net unfunded pension liability

 

$

2,763

 

$

1,627

 

$

4,390

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31,  2018

 

 

 

Global

 

GMG

 

 

 

 

    

Pension Plan

    

Pension Plan

    

Total

 

Projected benefit obligation

 

$

16,213

 

$

3,873

 

$

20,086

 

Fair value of plan assets

 

 

13,372

 

 

2,428

 

 

15,800

 

Net unfunded pension liability

 

$

2,841

 

$

1,445

 

$

4,286

 

 

Schedule of change in benefit obligation for the Pension Plans (in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

    

2019

    

2018

    

2017

 

Benefit obligation at beginning of year

 

$

20,086

 

$

22,217

 

$

20,631

 

Interest cost

 

 

767

 

 

714

 

 

724

 

Actuarial (gain) loss

 

 

3,839

 

 

(1,347)

 

 

2,392

 

Benefits paid

 

 

(3,203)

 

 

(1,498)

 

 

(1,530)

 

Benefit obligation at end of year

 

$

21,489

 

$

20,086

 

$

22,217

 

 

Schedule of weighted-average actuarial assumptions

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Global Pension Plan

 

GMG Pension Plan

 

 

    

2019

    

2018

    

2017

    

2019

    

2018

    

2017

 

Discount rate

 

3.0%

 

4.1%

 

3.4%

 

3.2%

 

4.2%

 

3.6%

 

Expected return on plan assets

 

7.0%

 

7.0%

 

7.0%

 

7.0%

 

7.0%

 

7.0%

 

 

Schedule of estimated future benefit payments (in thousands)

 

 

 

 

 

2020

 

$

1,647

 

2021

 

 

1,072

 

2022

 

 

1,281

 

2023

 

 

920

 

2024

 

 

942

 

2025—2029

 

 

7,782

 

Total

 

$

13,644