Profit-Sharing, Pension, and Other Postretirement Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2015

Compensation And Retirement Disclosure [Abstract]

Schedule of net cost benefit pension plan

The net costs of the Company’s defined benefit pension plan for the years ended December 31, 2015 and 2014 are as follows:

	Year Ended December 31,
(in thousands)	2015			2014
Interest cost	$	421		$	461
Recognized net actuarial (gain) loss		(925	)		1,930
Net pension and other postretirement benefit cost	$	(504	)	$	2,391

Schedule of funded status defined benefit pension plan

The funded status of the Company’s U.S. defined benefit pension plan as of December 31, 2015 and 2014 is as follows:

	December 31,
(in thousands)	2015			2014
Change in Benefit Obligation:
Benefit obligation, beginning of period	$	12,613		$	11,413
Service cost		—			—
Interest cost		421			461
Actuarial loss (gain)		(925	)		1,930
Benefits paid		(1,113	)		(1,191	)
Benefit obligation, end of period	$	10,996		$	12,613
Change in Plan Assets:
Fair value, beginning of period	$	—		$	—
Company contributions		1,113			1,191
Benefits paid		(1,113	)		(1,191	)
Fair value, end of period	$	—		$	—
Unfunded status	$	(10,996	)	$	(12,613	)
Accrued benefit cost	$	(10,996	)	$	(12,613	)
Amounts recognized in the Consolidated Balance Sheets
Current accrued benefit liability	$	(1,093	)	$	(1,173	)
Non-current accrued benefit liability		(9,903	)		(11,440	)
Net amount recognized	$	(10,996	)	$	(12,613	)

Recognized component of net pension cost

Plan Assumptions

	Year Ended December 31,
	2015		2014
Discount rate		3.75%		3.50%

Projected benefit obligation and accumulated benefit obligation of pension plan

For the Company’s U.S. defined benefit pension plan, the projected benefit obligation and accumulated benefit obligation at December 31, 2015 and 2014 were as follows:

	December 31,
(in thousands)	2015		2014
Projected benefit obligation	$	10,996	$	12,613
Accumulated benefit obligation		10,996		12,613

Gross benefit payment obligations

Gross benefit payment obligations under the Company’s continuing plans for the next ten years are anticipated to be as follows:

	U.S. Retirement Plans
(in thousands)	(Pension Plan and RBP)
2016	$	1,115
2017		1,071
2018		1,026
2019		981
2020		977
2021 - 2024		4,098