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Deferred Compensation Benefits (Tables)
12 Months Ended
Dec. 31, 2016
Compensation And Retirement Disclosure [Abstract]  
Schedule of Net Periodic Pension Cost

Net periodic pension cost for the years ended December 31, 2016, 2015, and 2014 for the ESBP is as follows:

 

Net Periodic Pension Cost—ESBP

 

2016

 

 

2015

 

 

2014

 

(amounts in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

Interest cost

 

$

243

 

 

$

261

 

 

$

276

 

Amortization of actuarial loss

 

 

173

 

 

 

240

 

 

 

138

 

Net periodic pension cost

 

$

416

 

 

$

501

 

 

$

414

 

 

Schedule of Changes in Benefit Obligation

The change in benefit obligation and reconciliation of fair value of plan assets for the years ended December 31, 2016 and 2015 for the ESBP and NDBP are as follows:  

 

 

 

ESBP

 

 

NDBP

 

Changes in Benefit Obligation

 

2016

 

 

2015

 

 

2016

 

 

2015

 

(amounts in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Benefit obligation at beginning of period

 

$

7,270

 

 

$

8,274

 

 

$

11,897

 

 

$

14,932

 

Interest cost

 

 

243

 

 

 

261

 

 

 

240

 

 

 

203

 

Benefits paid

 

 

(691

)

 

 

(731

)

 

 

(148

)

 

 

(133

)

Actuarial loss (gain)

 

 

(22

)

 

 

(534

)

 

 

1,819

 

 

 

(1,597

)

Effect of exchange rate changes

 

 

 

 

 

 

 

 

(522

)

 

 

(1,508

)

Benefit obligation at end of period

 

 

6,800

 

 

 

7,270

 

 

 

13,286

 

 

 

11,897

 

Reconciliation of Fair Value of Plan Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fair value of plan assets at beginning of period

 

 

 

 

 

 

 

 

7,106

 

 

 

7,910

 

Actual return on plan assets

 

 

 

 

 

 

 

 

221

 

 

 

142

 

Employer contributions

 

 

691

 

 

 

731

 

 

 

 

 

 

 

Benefits paid

 

 

(691

)

 

 

(731

)

 

 

(148

)

 

 

(133

)

Effect of exchange rate changes

 

 

 

 

 

 

 

 

(259

)

 

 

(813

)

Fair value of plan assets at end of period

 

 

 

 

 

 

 

 

6,920

 

 

 

7,106

 

Accrued benefit cost

 

$

6,800

 

 

$

7,270

 

 

$

6,366

 

 

$

4,791

 

Accrued benefit cost is included in the consolidated balance

   sheet as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current liabilities

 

$

651

 

 

$

673

 

 

$

 

 

$

 

Non-current liabilities

 

$

6,149

 

 

$

6,597

 

 

$

6,366

 

 

$

4,791

 

Discount rates:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Benefit obligation

 

 

3.41

%

 

 

3.51

%

 

 

1.30

%

 

 

2.00

%

Net periodic pension cost

 

 

3.51

%

 

 

3.30

%

 

 

2.00

%

 

 

1.50

%

Salary increase rate

 

 

%

 

 

%

 

 

%

 

 

%

Expected return on plan assets

 

 

%

 

 

%

 

 

4.00

%

 

 

4.00

%

 

Deferred Compensation Benefits Anticipated Benefit Payments

Anticipated benefit payments for the ESBP and the NDBP expected to be paid in future years are as follows:

 

 

 

ESBP

 

 

NDBP

 

(amounts in thousands)

 

 

 

 

 

 

 

 

2017

 

$

662

 

 

$

150

 

2018

 

 

649

 

 

 

183

 

2019

 

 

649

 

 

 

208

 

2020

 

 

599

 

 

 

228

 

2021

 

 

576

 

 

 

234

 

2022 - 2026

 

 

2,428

 

 

 

1,424

 

Total

 

$

5,563

 

 

$

2,427