Employee Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2019

Employee Benefit Plans

Schedule of change in benefit obligations, fair value of the plan assets and funded status of Company's pension plans and the amounts recognized in the Company's consolidated financial statements

	Year ended December,
	2019		2018
Change in Benefit Obligation:
Benefit obligation at beginning of period	$	90,051	$	91,875
Additional obligation due to acquisition		—		5,631
Service cost		80		82
Interest cost		2,448		2,350
Actuarial loss (gain)		9,168		(4,356)
Plan amendments		(835)		1,334
Benefits paid		(3,082)		(1,558)
Foreign-exchange rate changes		3,131		(5,307)
Benefit obligation at end of year	$	100,961	$	90,051
Change in Plan Assets:
Fair value of plan assets at beginning of period	$	62,952	$	64,886
Additional assets due to acquisition		—		2,184
Actual return on plan assets		10,906		(1,432)
Employer contributions		2,557		2,477
Benefits paid		(2,995)		(1,421)
Foreign-exchange rate changes		2,455		(3,742)
Fair value of plan assets at end of year		75,875		62,952
Funded status at end of year	$	(25,086)	$	(27,099)
Net amount recognized in the Consolidated Balance Sheets:
Pension liability (a)	$	(25,681)	$	(27,641)
Amounts recognized in accumulated other comprehensive loss, net of tax consist of:
Net actuarial loss		(8,059)		(9,301)
Net amount recognized in accumulated other comprehensive loss, net of tax	$	(8,059)	$	(9,301)
Plans with underfunded or non-funded accumulated benefit obligation:
Aggregate projected benefit obligation	$	100,961	$	90,050
Aggregate accumulated benefit obligation	$	100,961	$	90,050
Aggregate fair value of plan assets	$	75,875	$	62,883

(a) Consolidated balance of $25.7 million for the year ended December 31, 2019 includes pension liabilities of $20.6 million, $2.4 million, $2.1 million and $0.1 million under U.K., Asterion, German and Norway pension plans, respectively, and minimum regulatory benefit for a Philippines legal entity of $0.5 million. Consolidated balance of $27.6 million for the year ended December 31, 2018 includes pension liabilities of $22.0 million, $2.8 million, $1.8 million and $0.5 million under U.K., Asterion, German and Norway pension plans, respectively, and minimum regulatory benefit for a Philippines legal entity of $0.5 million.

Schedule of components of the net periodic benefit cost

	Year ended December 31,
	2019		2018		2017
Service cost	$	80	$	82	$	8
Interest cost		2,448		2,350		2,288
Expected return on plan assets		(2,460)		(2,841)		(2,392)
Amortization:
Amortization of prior service cost		(169)		9		(134)
Amortization of net (gain) loss		1,768		1,755		2,063
Net periodic benefit cost	$	1,667	$	1,355	$	1,833

Schedule of principal assumptions used to determine benefit obligation and net periodic benefit costs

	December 31,
	2019		2018		2019		2018		2019		2018		2019		2018
	UK				Germany				Norway				Asterion
Weighted-average assumptions used to determine benefit obligations:
Discount rate	2.10	%	2.80	%	1.00	%	1.90	%	2.30	%	2.60	%	1.10	%	1.80
Rate of compensation increase	N/A		N/A		N/A		N/A		2.25	%	2.75	%	2.50	%	2.50
Weighted-average assumptions used to determine net periodic benefit cost:
Discount rate	2.80	%	2.50	%	1.00	%	1.90	%	2.30	%	2.60	%	1.10	%	1.80
Expected asset return	3.87	%	4.25	%	N/A	%	N/A	%	3.80	%	4.30	%	1.10	%	1.80
Rate of compensation increase	N/A		N/A		N/A		N/A		2.25	%	1.75	%	2.50	%	2.50

Schedule of weighted average allocation of plan assets by asset category

	December 31,
	2019		2018 (As Restated)		2017 (As Restated)
U.K. and other international equities	29.9	%	27.1	%	45.0	%
U.K. government and corporate bonds	12.5		12.7		20.0
Diversified growth fund	41.3		38.9		35.0
Liability driven investments	16.3		21.3		N/A
Total	100.0	%	100.0	%	100.0	%

Schedule of fair value of pension assets

	December 31, 2019
	Total		Level 1		Level 2		Level 3
Asset Category:
Cash	$	837	$	837	$	—	$	—
Equity funds:
U.K.		13,121		—		13,121		—
Other international		8,747		—		8,747		—
Fixed income securities:
Corporate bonds / U.K. Gilts		9,446		—		9,446		—
Other investments:
Diversified growth fund		31,345		—		31,345		—
Liability driven investments		12,379		—		12,379		—
Total fair value	$	75,875	$	837	$	75,038	$	—

	December 31, 2018 (As Restated)
	Total		Level 1		Level 2		Level 3
Asset Category:
Cash	$	129	$	129	$	—	$	—
Equity funds:
U.K.		10,161		—		10,161		—
Other international		6,773		—		6,773		—
Fixed income securities:
Corporate bonds / UK Gilts		7,987		—		7,987		—
Other investments:
Diversified growth fund		24,488		—		24,488		—
Liability driven investments		13,414		—		13,414		—
Total fair value	$	62,952	$	129	$	62,823	$	—

Schedule of estimated future benefit payments

	Estimated
	Benefit
	Payments
Year ended December 31,
2020	$	1,730
2021		1,741
2022		2,070
2023		1,997
2024		2,854
2025 - 2029		16,417
Total	$	26,809