Employee Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2020

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 were as follows (in thousands):

	Year Ended December 31,
	2020		2019
Benefit obligation, beginning of year	$	62,770	$	46,038
Employer service cost		6,047		5,195
Interest cost		193		345
Plan participants' contributions		2,237		1,613
Actuarial loss		9,372		6,672
Transfer of benefits net of payments from fund		11,057		2,184
Expenses paid from assets		(88)		(61)
Translation loss		6,371		784
Benefit obligation, end of year		97,959		62,770
Fair value of plan assets, beginning of year		38,662		30,368
Actual return on plan assets		260		132
Employer contributions		5,413		3,910
Plan participants' contributions		2,237		1,613
Transfer of benefits net of payments from fund		11,057		2,184
Expenses paid from assets		(88)		(61)
Translation gain		3,724		516
Fair value of plan assets, end of year		61,265		38,662
Unfunded liability, end of year	$	36,694	$	24,108

Schedule of net periodic benefit cost

The net periodic benefit cost was as follows (in thousands):

	Year Ended  December 31,
	2020		2019		2018
Service cost	$	6,047	$	5,195	$	4,450
Interest cost		193		345		278
Expected return on plan assets		(126)		(241)		(195)
Amortization of prior service cost		216		214		179
Amortization of actuarial losses		667		247		265
Net periodic benefit cost	$	6,997	$	5,760	$	4,977

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 were as follows, net of tax (in thousands):

	Year Ended December 31,
	2020		2019		2018
Pension liability, beginning of year	$	15,468	$	9,146	$	8,450
Net prior service costs		(216)		(214)		(179)
Net loss		8,579		6,536		875
Pension liability, end of year	$	23,831	$	15,468	$	9,146

Schedule of expected benefit payments

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

2021	$	3,315
2022		3,413
2023		3,474
2024		3,506
2025		3,972
2026-2030		22,498
Total	$	40,178