XML 45 R34.htm IDEA: XBRL DOCUMENT v3.5.0.2
Employee Benefit Plans (Tables)
6 Months Ended
Jun. 30, 2016
Compensation And Retirement Disclosure [Abstract]  
Summary of Components of Pension Expenses Related to Defined Benefit Plans

The following table summarizes the components of pension expense related to the Company’s defined benefit plans (in thousands):

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2016

 

 

2015

 

 

2016

 

 

2015

 

Service cost

 

$

4,477

 

 

$

4,251

 

 

$

8,631

 

 

$

7,865

 

Interest cost

 

 

931

 

 

 

866

 

 

 

1,850

 

 

 

1,733

 

Expected return on plan assets

 

 

(873

)

 

 

(861

)

 

 

(1,744

)

 

 

(1,714

)

Amortization of actuarial losses

 

 

223

 

 

 

232

 

 

 

432

 

 

 

455

 

 

 

$

4,758

 

 

$

4,488

 

 

$

9,169

 

 

$

8,339

 

 

Summary of Severance Associated with Cost Reduction Programs

The following amounts were recorded for the severance associated with cost reduction programs (in thousands):

 

Balance at December 31, 2015

 

$

3,337

 

Expense, net of reversals

 

 

(472

)

Payments

 

 

(90

)

Foreign currency translation

 

 

(27

)

Balance at June 30, 2016

 

$

2,748