Other Employee Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2014

Compensation and Retirement Disclosure [Abstract]

Amounts recognized in other comprehensive earnings

Amounts recognized in other comprehensive (loss) income during the years ended December 31, 2014, 2013 and 2012, net of tax, are as follows (in thousands):

	Year Ended December 31,
	2014			2013		2012
Net (loss) earnings	$	(372	)	$	2,665	$	448
Prior service cost	160			296		297
	$	(212	)	$	2,961	$	745

Components of accumulated other comprehensive earnings (loss) related to the Company’s pension plans

The following table sets forth the changes in the balances of each component of accumulated other comprehensive (loss) income for the year ended December 31, 2014:

	Pension Plans Items			Cash Flow Hedge Items			Foreign Currency Items			Total
Balance, December 31, 2013	$	(2,166	)	$	1,660		$	26,506		$	26,000
Other comprehensive income before reclassifications, net of tax	(375		)	(1,462		)	(88,462		)	(90,299		)
Amounts reclassified from accumulated other comprehensive (loss) earnings, net of tax	163			727			—			890
Net current period other comprehensive income, net of tax	(212		)	(735		)	(88,462		)	(89,409		)
Balance, December 31, 2014	$	(2,378	)	$	925		$	(61,956	)	$	(63,409	)

Components of accumulated other comprehensive (loss) earnings related to the Company’s pension plans as of December 31, 2014 and 2013 are as follows (in thousands):

	December 31,
	2014			2013
Net loss	$	(2,208	)	$	(1,836	)
Prior service cost	(170		)	(330		)
	$	(2,378	)	$	(2,166	)

Summary of the components of the net periodic pension expense for the benefit obligation and fund assets of the plans

A summary of the components of the net periodic pension expense for the benefit obligation and fund assets of the plans is as follows (in thousands):

	Year Ended December 31,
	2014			2013
Change in benefit obligation:
Benefit obligation at January 1	$	12,551		$	24,932
Service costs	166			254
Interest costs	444			883
Actuarial (gain) loss	890			(296		)
Benefits paid	(1,338		)	(13,292		)
Foreign currency changes	(900		)	70
Benefit obligation at December 31	$	11,813		$	12,551
Fair value of plan assets at December 31	$	—		$	—
Unfunded status at December 31	$	11,813		$	12,551
Amounts recognized in the Consolidated Balance Sheets:
Current liabilities	$	335		$	383
Non-current liabilities	$	11,478		$	12,168

Weighted average assumptions used

The weighted average assumptions used are as follows:

	Year Ended December 31,
	2014		2013
Net periodic benefit cost:
SERP:
Discount rate	4.75	%	3.75	%
Rate of increase in compensation levels	3.00	%	3.00	%
Defined benefit pension plan for employees outside the United States:
Discount rate	1.90	%	3.50	%
Funded status and projected benefit obligation:
SERP:
Discount rate	3.75	%	4.75	%
Rate of increase in compensation levels	3.00	%	3.00	%
Defined benefit pension plan for employees outside the United States:
Discount rate	1.90	%	3.50	%

Benefits expected to be paid under the plans

Benefits expected to be paid under the plans are approximately (in thousands):

2015	$	335
2016	327
2017	326
2018	313
2019	314
Five years thereafter	10,268
	$	11,883

Components of net periodic benefit cost

Components of net periodic benefit cost are as follows (in thousands):

	Year Ended December 31,
	2014		2013		2012
Service costs	$	166	$	254	$	267
Interest costs	444		883		936
Net amortization and deferral	279		1,111		1,205
Settlement loss	163		3,305		—
Net periodic pension costs	$	1,052	$	5,553	$	2,408

Components of net periodic benefit cost expected to be recognized from amounts in accumulated other comprehensive earnings (loss)

Components of net periodic benefit cost expected to be recognized from amounts in accumulated other comprehensive earnings during the year ending December 31, 2015 are as follows (in thousands):

	Year Ending December 31, 2015
Net loss	$	140
Net prior service cost	160
	$	300