Postretirement Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2013

Obligations and Funded Status at December 31


(In thousands)	United States						United Kingdom
	2013			2012			2013			2012
Change in benefit obligation
Benefit obligation at beginning of year	$	157,051		$	139,077		$	21,722		$	16,829
Interest cost		6,424			6,880			899			841
Actuarial (gain) loss		(14,142	)		15,590			(1,365	)		3,846
Benefits paid		(4,825	)		(4,496	)		(521	)		(659	)
Foreign exchange impact		—			—			360			865

Benefit obligation at end of year	$	144,508		$	157,051		$	21,095		$	21,722


(In thousands)	United States						United Kingdom
	2013			2012			2013			2012
Change in plan assets
Fair value of plan assets at beginning of year	$	124,682		$	104,178		$	18,390		$	15,695
Actual return on plan assets		13,225			19,391			2,840			1,623
Employer contributions		182			5,609			949			971
Benefits paid		(4,825	)		(4,496	)		(521	)		(659	)
Foreign exchange impact		—			—			546			760

Fair value of plan assets at end of year	$	133,264		$	124,682		$	22,204		$	18,390


Over (Under) funded status at end of year	$	(11,244	)	$	(32,369	)	$	1,109		$	(3,332	)

Schedule of Amounts Recognized in Balance Sheets

The amounts recognized in the consolidated balance sheets at December 31 consisted of


(In thousands)	United States						United Kingdom
	2013			2012			2013		2012
Non-current asset	$	818		$	—		$	1,109	$	—
Current liability		(185	)		(174	)		—		—
Non-current liability		(11,877	)		(32,195	)		—		(3,332	)

Net amount recognized	$	(11,244	)	$	(32,369	)	$	1,109	$	(3,332	)

Amounts Recognized in Accumulated Other Comprehensive Income

The amounts recognized in accumulated other comprehensive income at December 31 consisted of


(In thousands)	United States				United Kingdom
	2013		2012		2013		2012
Net actuarial loss	$	26,802	$	50,450	$	2,147	$	5,699

Information for Pension Plans with Accumulated Benefit Obligations in Excess of Plan Assets

Below is information for pension plans with accumulated benefit obligations in excess of plan assets at December 31:


(In thousands)	United States				United Kingdom
	2013		2012		2013		2012
Projected benefit obligation	$	113,865	$	157,051	$	—	$	21,722
Accumulated benefit obligation	$	113,865		157,051	$	—		21,722
Fair value of plan assets	$	101,803		124,682	$	—		18,390

Components of Net Periodic Benefit Cost

Net periodic benefit costs for the years ended December 31, 2013, 2012 and 2011, were as follows:


(In thousands)	United States									United Kingdom
	2013			2012			2011			2013			2012			2011
Interest cost	$	6,424		$	6,880		$	6,927		$	899		$	841		$	1,099
Expected return on plan assets		(8,828	)		(8,423	)		(8,063	)		(941	)		(888	)		(1,042	)
Amortization of net actuarial loss		5,109			3,573			2,853			288			49			204

Net periodic benefit cost	$	2,705		$	2,030		$	1,717		$	246		$	2		$	261

Other Changes in Plan Assets and Benefit Obligations Recognized in Other Comprehensive Income

Other changes in plan assets and benefit obligations recognized in other comprehensive income for the years ended December 31, 2013, 2012 and 2011, were as follows:


(In thousands)	United States						United Kingdom
	2013		2012		2011		2013		2012		2011

Net actuarial (gain) loss	$	(18,539)	$	4,622	$	10,552	$	(3,264)	$	3,111	$	(1,742)
Amortization of net actuarial loss		(5,109)		(3,573)		(2,853)		(288)		(49)		(204)

Total recognized in other comprehensive income	$	(23,648)	$	1,049	$	7,699	$	(3,552)	$	3,062	$	(1,946)

Total recognized in net periodic benefit cost and other comprehensive income	$	(20,943)	$	3,079	$	9,416	$	(3,306)	$	3,064	$	(1,685)

Estimated Amounts Amortized from Accumulated Other Comprehensive Income into Net Periodic Benefit Cost

The estimated amounts that will be amortized from accumulated other comprehensive income into net periodic benefit cost in 2014 are as follows:


(In thousands)	United States		United Kingdom

Net actuarial loss	$	2,646	$	—

Estimated Future Benefit Payments

Estimated Future Benefit Payments


(In thousands)	United States		United Kingdom
2014	$	5,948	$	503
2015		6,713		510
2016		7,345		581
2017		7,891		623
2018		8,388		676
2019-2023		47,844		3,746

Defined Contribution Plan Expenses for the Company's Retirement Savings Plans and Profit Sharing Plan

Defined contribution plan expenses for the Company’s retirement savings plans and profit sharing plan were as follows:


(In thousands)	*2013*		2012		2011
Retirement savings plans	$	4,500	$	4,284	$	4,033
Profit sharing plan		4,804		5,762		4,769

Total	$	9,304	$	10,046	$	8,802

Defined Benefit Plan Periodic Costs [Member]

Weighted-Average Assumptions Used to Determine Benefit Obligations/Net Periodic Benefit Costs

The weighted-average assumptions used to determine net periodic benefit costs for years ended December 31 were as follows:


	United States									United Kingdom
	2013			2012			2011			2013			2012			2011
Discount rate		4.17	%		5.06	%		5.40	%		4.30	%		4.90	%		5.60	%
Expected long-term return on plan assets		7.75	%		7.75	%		7.75	%		5.25	%		5.46	%		6.78	%

Benefit Obligation [Member]

Weighted-Average Assumptions Used to Determine Benefit Obligations/Net Periodic Benefit Costs

The weighted-average assumptions used to determine benefit obligations at December 31 were as follows:

United States

United Kingdom

2013

2012

2013

2012

Discount rate

4.87%

4.17%

4.60%

4.30%

United States [Member]

Company's Asset Allocations for its U.S. and U.K Pension Plans

The Company’s asset allocations for its U.S. pension plans at December 31, 2013 and 2012, by asset category, were as follows:

December 31, 2013

(In thousands)

Level 1

Level 2

Level 3

Total

Cash and Cash Equivalents

—

2,471

—

2,471

Equity Securities

U.S. Equities

32,567

—

32,567

Non-U.S. Equities

11,892

—

11,892

Employer Securities

37,823

—

37,823

Total Equities

82,282

—

82,282

Fixed Income Securities

U.S. Corporate Bonds

—

24,733

—

24,733

U.S. Government and Agency Bonds

2,526

6,575

—

9,101

Municipal Bonds

—

3,116

—

3,116

Other Bonds

—

4,559

—

4,559

Total Fixed Income

2,526

38,983

—

41,509

Real Estate

6,090

—

6,090

Commodities

912

—

912

Total

91,810

41,454

—

133,264


	December 31, 2012
(In thousands)	Level 1		Level 2		Level 3		Total
Cash and Cash Equivalents	$	—	$	3,965	$	—	$	3,965
Equity Securities
U.S. Equities		32,850		—		—		32,850
Non-U.S. Equities		11,373		—		—		11,373
Employer Securities		34,426		—		—		34,426

Total Equities		78,649		—		—		78,649
Fixed Income Securities
U.S. Corporate Bonds		—		19,873		—		19,873
U.S. Government and Agency Bonds		795		6,956		—		7,751
Municipal Bonds		—		2,837		—		2,837
Other Bonds		—		4,015		—		4,015

Total Fixed Income		795		33,681		—		34,476
Real Estate		4,990		—		—		4,990
Commodities		2,602		—		—		2,602


Total	$	87,036	$	37,646	$	—	$	124,682

Market Value Changes within Asset Categories for which Fair Value Measurements Use Significant Unobservable Inputs (Level 3) Defined Benefit United States Plans and United Kingdom Plans

Market value changes within asset categories for which fair value measurements use significant unobservable inputs (Level 3) were as follows during 2012 (No Level 3 investments were held in 2013):


Dollars in thousands	Real Estate Fund
Market value, December 31, 2011	$	3,720
Sale proceeds		(3,916	)
Realized loss		840
Change in unrealized gain (loss)		(644	)

Market value, December 31, 2012	$	—

United Kingdom [Member]

Company's Asset Allocations for its U.S. and U.K Pension Plans

The Company’s asset allocations for its U.K. pension plans at December 31, 2013 and 2012, by asset category, were as follows:

December 31, 2013

(In thousands)

Level 1

Level 2

Level 3

Total

Cash

412

—

412

Equity Securities

Pooled Pension Funds

—

15,397

—

15,397

Fixed Income

Pooled Pension Funds

—

3,550

—

3,550

Real Estate

Pooled Pension Funds

—

419

—

419

Insurance Contracts

—

2,426

Total

412

19,366

2,426

22,204


	December 31, 2012
(In thousands)	Level 1		Level 2		Level 3		Total
Cash	$	845	$	—	$	—	$	845
Equity Securities
Pooled Pension Funds		—		11,979		—		11,979
Fixed Income
Pooled Pension Funds		—		2,677		—		2,677
Real Estate
Pooled Pension Funds		—		452		—		452
Insurance Contracts		—		—		2,437		2,437


Total	$	845	$	15,108	$	2,437	$	18,390

Market Value Changes within Asset Categories for which Fair Value Measurements Use Significant Unobservable Inputs (Level 3) Defined Benefit United States Plans and United Kingdom Plans

Fair value changes within asset categories for which fair value measurements use significant unobservable inputs (Level 3) were as follows during 2012 and 2013:


(In thousands)	Insurance Contracts
Fair value, December 31, 2011	$	2,218
Sale proceeds (benefit payments)		(173	)
Change in unrealized gain		288
Foreign exchange impact		104

Fair value, December 31, 2012	$	2,437
Sale proceeds (benefit payments)		(175	)
Change in unrealized gain		120
Foreign exchange impact		44

Fair value, December 31, 2013	$	2,426