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Retirement Plans (Tables) - United States
12 Months Ended
Dec. 31, 2019
Domestic Retirement Plan's Financial Status and Amounts Recognized in Consolidated Balance Sheets
The following table sets forth the U.S. Retirement Plan’s financial status and the amounts recognized in our consolidated balance sheets:
December 31,
2019
 
2018
Change in benefit obligation
 
 
 
Benefit obligation, beginning of year
$
48,163

 
$
53,274

Interest cost
1,858

 
1,674

Actuarial (gain) loss
7,075

 
(3,207
)
Benefits paid
(3,494
)
 
(3,578
)
Benefit obligation, end of year
$
53,602

 
$
48,163

Change in plan assets
 
 
 
Fair value of plan assets, beginning of year
$
—

 
$
—

Employer contribution
3,494

 
3,578

Benefits paid
(3,494
)
 
(3,578
)
Fair value of plan assets, end of year
$
—

 
$
—

Funded status, end of year
$
(53,602
)
 
$
(48,163
)
Amounts recognized in the consolidated balance sheets
 
 
 
Other current liabilities
$
(3,929
)
 
$
(3,410
)
Other liabilities
(49,672
)
 
(44,752
)
Accumulated other comprehensive loss
19,732

 
13,722

Net amount recognized
$
(33,869
)
 
$
(34,440
)
Accumulated benefit obligation
$
53,602

 
$
48,163

Weighted average assumptions used to determine benefit obligation
 
 
 
Discount rate
2.75
%
 
4.00
%
Rate of increase in compensation levels
N/A

 
N/A


Components of Net Periodic Benefit Cost for Domestic Retirement Plan
The components of net periodic benefit cost for the U.S. Retirement Plan were as follows:
Year ended December 31,
2019
 
2018
Interest cost
$
1,858

 
$
1,674

Recognized net actuarial loss
1,065

 
2,091

Net periodic benefit cost
$
2,923

 
$
3,765

Weighted average assumptions used to determine net periodic benefit cost
 
 
 
Discount rate
4.00
%
 
3.25
%
Rate of increase in future compensation levels
N/A

 
N/A


Amounts Recognized As Component of Accumulated Other Comprehensive Loss, Domestic We expect to recognize approximately $0.9 million of the net actuarial loss reported in the following table as of December 31, 2019, as a component of net periodic benefit cost during 2020.
Year ended December 31,
2019
 
2018
Net actuarial loss
$
(19,732
)
 
$
(13,722
)
Deferred tax benefit
7,866

 
5,562

Amounts included in accumulated other comprehensive loss, net of tax
$
(11,866
)
 
$
(8,160
)

Expected Benefit Payments Required For Domestic Retirement Plan
As of December 31, 2019, the expected benefit payments required for each of the next five years and the five-year period thereafter for the U.S. Retirement Plan were as follows:
Year
 
2020
$
3,901

2021
3,734

2022
3,584

2023
3,436

2024
3,279

2025-2029
14,045