Employee Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2017

Employee Benefit Plans

Schedule of changes in the obligations and plan assets, the funded status and the amounts recorded

Summarized information regarding changes in the obligations and plan assets, the funded status and the amounts recorded as of December 31, 2017 and 2016 were as follows (in thousands):

	2017		2016
Benefit obligation, beginning of year	$	23,787	$	—
Benefit obligations acquired / established		—		17,591
Employer service cost		2,836		1,225
Interest cost		190		76
Plan participants' contributions		1,101		536
Actuarial loss		4,514		2,249
Plan change		1,430		—
Benefit payments from fund		2,853		2,548
Expenses paid from assets		(36)		(20)
Translation (gain) loss		909		(418)
Benefit obligation, end of year		37,584		23,787
Fair value of plan assets, beginning of year		16,699		—
Fair value of plan assets acquired / established		—		12,598
Actual return on plan assets		88		100
Employer contributions		2,891		1,323
Plan participants' contributions		1,101		536
Benefit payments from fund		2,853		2,548
Expenses paid from assets		(36)		(20)
Translation (gain) loss		595		(386)
Fair value of plan assets, end of year		24,191		16,699
Unfunded liability, end of year	$	13,393	$	7,088

Schedule of net periodic benefit cost

The net periodic benefit cost for the year ended December 31, 2017 and 2016 was as follows (in thousands):

	2017		2016
Service cost	$	2,836	$	1,225
Interest cost		190		76
Expected return on plan assets		(138)		(59)
Amortization of prior service cost		154		—
Amortization of actuarial losses		141		—
Net periodic benefit cost	$	3,183	$	1,242

Schedule of changes recognized in other comprehensive income (loss)

Other changes in the plans assets and the benefit obligation that is recognized in accumulated other comprehensive loss for the year ended December 31, 2017 and 2016 were as follows, net of tax (in thousands):

	2017		2016
Pension liability in other comprehensive loss, beginning of year	$	2,750	$	—
Plan change		1,276		506
Net prior service costs		(140)		—
Net loss		4,564		2,244
Pension liability in other comprehensive loss, end of year	$	8,450	$	2,750

Schedule of expected benefit payments

The following benefit payments, which reflect expected future service, as appropriate, are expected to be paid (in thousands):

2018	$	1,312
2019		1,418
2020		1,496
2021		1,727
2022		1,801
2023-2027		10,435
Total	$	18,189