International Retirement Plan (Tables)

12 Months Ended

Dec. 31, 2018

Retirement Benefits, Description [Abstract]

Reconciliation of Changes in Projected Benefit Obligation

The following table provides a reconciliation of the changes in the projected benefit obligation for the years ended December 31, 2018 and 2017:

(in thousands)	2018			2017
Reconciliation of benefit obligations:
Obligations as of January 1	$	8,434		$	7,727
Service cost	155			184
Interest cost	148			131
Actuarial loss (gain)	453			(555		)
Benefit payments	(145		)	(136		)
Effect of foreign currency exchange rate changes	(387		)	1,083
Benefit obligations as of December 31	8,658			8,434
Fair value of assets as of December 31 (a)	3,224			3,207
Funded status as of December 31, net of tax benefit	$	(5,434	)	$	(5,227	)
(a) No change in underlying asset value for the periods.

Schedule of Amounts Recognized in Other Comprehensive Income (Loss)

The following table provides a reconciliation of the amounts recognized in “Accumulated other comprehensive income (loss)” in accordance with ASC 715, “Compensation – Retirement Benefits” for the years ended December 31, 2018 and 2017:

(in thousands)	2018		2017
Amounts recognized as accumulated other comprehensive income (loss):
Current year actuarial gain (loss)	$	276	$	555
Amortization of prior years' unrecognized loss	177		244
Tax benefit (provision)	88		(247		)
Total recognized as accumulated other comprehensive income (loss)	$	188	$	552

Summary of Amounts Recognized in Consolidated Balance Sheets

The Company has recognized the following amounts in the Consolidated Balance Sheets at December 31, 2018 and 2017:

(in thousands)	2018			2017
Other assets	$	3,224		$	3,207
Accrued liabilities	(140		)	(144		)
Other liabilities	(8,518		)	(8,290		)
Net liability	$	(5,434	)	$	(5,227	)

Schedule of Accumulated and Projected Benefit Obligations

The following projected benefit obligation and accumulated benefit obligation were estimated as of December 31, 2018 and 2017:

(in thousands)	2018		2017
Projected benefit obligation	$	8,658	$	8,434
Accumulated benefit obligation	$	7,587	$	7,570

Components of Net Periodic Benefit Costs and Other Amounts Recognized in Other Comprehensive Income (Loss)

The following table shows the components of net periodic benefit costs and other amounts recognized in Other Comprehensive Income (Loss):

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(in thousands)	2018		2017
Net periodic benefit cost:
Service cost	$	155	$	184
Interest cost	148		131
Amortization of actuarial loss	177		244
Total	$	480	$	559
Other changes in plan assets and benefit obligations recognized in other comprehensive income:
Net loss (gain)	276		(555		)
Total expense recognized in net periodic benefit cost and other comprehensive income	$	756	$	4

Assumptions Used to Determine Benefit Obligations

The following assumptions are used to determine benefit obligations as of December 31:

	2018	2017
Discount rate	1.80%	1.80%
Rate of compensation	3.50%	3.00%

Summary of Estimated Future Benefit Payments

The following benefit payments, including expected future service cost, are expected to be paid:

(in thousands)
Estimated future benefit payments:
2019	$	142
2020	170
2021	177
2022	183
2023	187
2024-2028	1,162