Postretirement Benefit Plans (Tables)

Obligations and Funded Status at December 31

(In thousands)	United States						United Kingdom
	2015			2014			2015			2014
Change in benefit obligation
Benefit obligation at beginning of year	$	169,407		$	144,508		$	22,983		$	21,095
Interest cost		6,815			6,936			789			964
Actuarial (gain) loss		(9,315	)		23,547			(1,763	)		3,176
Benefits paid		(6,118	)		(5,584	)		(891	)		(822	)
Foreign exchange impact		—			—			(1,168	)		(1,430	)
Benefit obligation at end of year	$	160,789		$	169,407		$	19,950		$	22,983

(In thousands)	United States						United Kingdom
	2015			2014			2015			2014
Change in plan assets
Fair value of plan assets at beginning of year	$	126,369		$	133,264		$	22,858		$	22,204
Actual return on plan assets		1,374			(2,929	)		72			1,902
Employer contributions		210			1,618			605			1,004
Benefits paid		(6,118	)		(5,584	)		(891	)		(822	)
Foreign exchange impact		—			—			(1,219	)		(1,430	)
Fair value of plan assets at end of year	$	121,835		$	126,369		$	21,425		$	22,858

Over (Under) funded status at end of year	$	(38,954	)	$	(43,038	)	$	1,475		$	(125	)

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

(In thousands)	United States						United Kingdom
	2015			2014			2015		2014
Non-current asset	$	—		$	—		$	1,475	$	—
Current liability		(198	)		(185	)		—		—
Non-current liability		(38,756	)		(42,853	)		—		(125	)
Net amount recognized	$	(38,954	)	$	(43,038	)	$	1,475	$	(125	)

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

(In thousands)	United States				United Kingdom
	2015		2014		2015		2014
Net actuarial loss	$	54,470	$	60,114	$	3,764	$	4,724

The accumulated benefit obligations at December 31, 2015, for the U.S. and U.K defined benefit pension plans were $160,789,000 and $19,950,000, respectively. Below is information for pension plans with projected benefit obligations in excess of plan assets at December 31:

(In thousands)	United States				United Kingdom
	2015		2014		2015		2014
Projected benefit obligation	$	160,789	$	169,407	$	—	$	22,983
Accumulated benefit obligation		160,789		169,407		—		22,983
Fair value of plan assets		121,835		126,369		—		22,858

Net periodic benefit costs for the years ended December 31, 2015, 2014 and 2013, were as follows:

(In thousands)	United States									United Kingdom
	2015			2014			2013			2015			2014			2013
Interest cost	$	6,815		$	6,936		$	6,424		$	789		$	964		$	899
Expected return on plan assets		(9,579	)		(9,523	)		(8,828	)		(1,054	)		(1,303	)		(941	)
Amortization of net actuarial loss		4,534			2,687			5,109			179			—			288
Net periodic benefit cost	$	1,770		$	100		$	2,705		$	(86	)	$	(339	)	$	246

Other changes in plan assets and benefit obligations recognized in other comprehensive income for the years ended December 31, 2015, 2014 and 2013, were as follows:

(In thousands)	United States									United Kingdom
	2015			2014			2013			2015			2014		2013
Net actuarial (gain) loss	$	(1,110	)	$	35,999		$	(18,539	)	$	(781	)	$	2,577	$	(3,264	)
Amortization of net actuarial loss		(4,534	)		(2,687	)		(5,109	)		(179	)		—		(288	)
Total recognized in other comprehensive income	$	(5,644	)	$	33,312		$	(23,648	)	$	(960	)	$	2,577	$	(3,552	)
Total recognized in net periodic benefit cost and other comprehensive income	$	(3,874	)	$	33,412		$	(20,943	)	$	(1,046	)	$	2,238	$	(3,306	)

The estimated amounts that will be amortized from accumulated other comprehensive income into net periodic benefit cost in 2016 are as follows:

(In thousands)

United

States

United

Kingdom

Net actuarial loss

3,528

Estimated Future Benefit Payments

(In thousands)	United States		United Kingdom
2016	$	6,533	$	553
2017		7,113		587
2018		7,687		597
2019		8,151		604
2020		8,638		618
2021-2025		49,565		3,762

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

(In thousands)	2015		2014		2013
Retirement savings plans	$	4,644	$	4,565	$	4,500
Profit sharing plan		4,972		3,619		4,804
Total	$	9,616	$	8,184	$	9,304

The Company’s asset allocations for its U.S. pension plans at December 31, 2015 and 2014, by asset category, were as follows:

	December 31, 2015
(In thousands)	Level 1		Level 2		Level 3		Total
Cash and Cash Equivalents	$	—	$	1,989	$	—	$	1,989
Equity Securities
U.S. Equities		33,076		—		—		33,076
Non-U.S. Equities		10,630		—		—		10,630
Employer Securities		24,792		—		—		24,792
Total Equities		68,498		—		—		68,498
Fixed Income Securities
U.S. Corporate Bonds		—		26,389		—		26,389
U.S. Government and Agency Bonds		365		9,371		—		9,736
Other Bonds		—		7,378		—		7,378
Total Fixed Income		365		43,138		—		43,503
Mutual Funds
Real Estate		5,222		—		—		5,222
Commodities		1,481		—		—		1,481
Other		1,142		—		—		1,142
Total Mutual Funds		7,845		—		—		7,845
Total	$	76,708	$	45,127	$	—	$	121,835

	December 31, 2014
(In thousands)	Level 1		Level 2		Level 3		Total
Cash and Cash Equivalents	$	—	$	1,963	$	—	$	1,963
Equity Securities
U.S. Equities		34,885		—		—		34,885
Non-U.S. Equities		12,478		—		—		12,478
Employer Securities		21,575		—		—		21,575
Total Equities		68,938		—		—		68,938
Fixed Income Securities
U.S. Corporate Bonds		—		27,676		—		27,676
U.S. Government and Agency Bonds		350		10,327		—		10,677
Municipal Bonds		—		3,352		—		3,352
Other Bonds		—		6,155		—		6,155
Total Fixed Income		350		47,510		—		47,860
Mutual Funds
Real Estate		5,585		—		—		5,585
Commodities		2,023		—		—		2,023
Total Mutual Funds		7,608		—		—		7,608
Total	$	76,896	$	49,473	$	—	$	126,369

The Company’s asset allocations for its U.K. pension plans at December 31, 2015 and 2014, by asset category, were as follows:

	December 31, 2015
(In thousands)	Level 1		Level 2		Level 3		Total
Cash	$	833	$	—	$	—	$	833
Equity Securities
Pooled Pension Funds		—		12,397		—		12,397
Fixed Income
Pooled Pension Funds		—		5,740		—		5,740
Real Estate
Pooled Pension Funds		—		486		—		486
Insurance Contracts		—		—		1,969		1,969
Total	$	833	$	18,623	$	1,969	$	21,425

	December 31, 2014
(In thousands)	Level 1		Level 2		Level 3		Total
Cash	$	1,176	$	—	$	—	$	1,176
Equity Securities
Pooled Pension Funds		—		15,322		—		15,322
Fixed Income
Pooled Pension Funds		—		3,642		—		3,642
Real Estate
Pooled Pension Funds		—		477		—		477
Insurance Contracts		—		—		2,241		2,241
Total	$	1,176	$	19,441	$	2,241	$	22,858

Fair value changes within asset categories for which fair value measurements use significant unobservable inputs (Level 3) were as follows during 2014 and 2015:

(In thousands)	Insurance Contracts
Fair value, December 31, 2013	$	2,426
Sale proceeds (benefit payments)		(178	)
Change in unrealized gain		135
Foreign exchange impact		(142	)
Fair value, December 31, 2014	$	2,241
Sale proceeds (benefit payments)		(168	)
Change in unrealized gain		11
Foreign exchange impact		(115	)
Fair value, December 31, 2015	$	1,969

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

	United States									United Kingdom
	2015			2014			2013			2015			2014			2013
Discount rate		4.09	%		4.87	%		4.17	%		3.50	%		4.60	%		4.30	%
Expected long-term return on plan assets		7.50	%		7.75	%		7.75	%		4.66	%		5.84	%		5.25	%

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

	United States						United Kingdom
	2015			2014			2015			2014
Discount rate		4.39	%		4.09	%		4.00	%		3.50	%