Pensions (Tables)

12 Months Ended

Dec. 31, 2016

Schedule of change in projected benefit obligation and plan assets

The following table summarizes changes in the funded status of the Company’s pension plans for fiscal year 2016:

(in thousands)	Amount
Projected benefit obligation, January 1, 2016	$	782
Service cost	256
Interest cost	22
Net actuarial loss (gain)	94
Benefits paid	—
Cumulative translation adjustment	(38		)
Projected benefit obligation, December 31, 2016	$	1,116
Fair value of plan assets	(184		)
Unfunded pension liability, December 31, 2016	$	932

The following table summarizes changes in the funded status of the Company’s pension plans for fiscal year 2015:

(in thousands)	Amount
Projected benefit obligation, August 1, 2015	$	686
Net periodic pension expense	128
Net actuarial loss (gain)	(32		)
Benefits paid	—
Projected benefit obligation, December 31, 2015	$	782
Fair value of plan assets	(48		)
Unfunded pension liability, December 31, 2015	$	734

Schedule of components of net periodic pension cost

The components of net periodic pension cost for the year ended December 31, 2016 and for the period August 1, 2015 through December 31, 2015 were as follows:

(in thousands)	Year Ended December 31, 2016			August 1, 2015  Through  December 31, 2015
Service cost	$	256		$	122
Interest cost	22			6
Expected return on plan assets	(5		)	—
Additional charges	16			—
Net periodic pension cost	$	289		$	128