Postretirement Benefit Plans (Tables)

Obligations and Funded Status at December 31

	United States						United Kingdom
(In thousands)	2017			2016			2017			2016
Change in benefit obligation
Benefit obligation at beginning of year	$	162,727		$	160,789		$	22,034		$	19,950
Interest cost		6,651			6,934			592			733
Actuarial (gain) loss		9,109			1,538			(156	)		5,614
Benefits paid		(7,129	)		(6,534	)		(516	)		(513	)
Foreign exchange impact		—			—			2,094			(3,750	)
Benefit obligation at end of year	$	171,358		$	162,727		$	24,048		$	22,034

	United States						United Kingdom
(In thousands)	2017			2016			2017			2016
Change in plan assets
Fair value of plan assets at beginning of year	$	137,092		$	121,835		$	20,336		$	21,425
Actual return on plan assets		15,533			21,612			1,957			2,758
Employer contributions		2,412			179			365			378
Benefits paid		(7,129	)		(6,534	)		(516	)		(513	)
Foreign exchange impact		—			—			2,026			(3,712	)
Fair value of plan assets at end of year	$	147,908		$	137,092		$	24,168		$	20,336

Over (Under) funded status at end of year	$	(23,450	)	$	(25,635	)	$	120		$	(1,698	)

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

	United States						United Kingdom
(In thousands)	2017			2016			2017		2016
Non-current asset	$	—		$	—		$	120		—
Current liability		(302	)		(166	)		—		—
Non-current liability		(23,148	)		(25,469	)		—		(1,698	)
Net amount recognized	$	(23,450	)	$	(25,635	)	$	120	$	(1,698	)

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

	United States				United Kingdom
(In thousands)	2017		2016		2017		2016
Net actuarial loss	$	39,801	$	40,022	$	5,743	$	7,443

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

	United States				United Kingdom
(In thousands)	2017		2016		2017		2016
Projected benefit obligation	$	171,358	$	162,727	$	—	$	22,034
Accumulated benefit obligation		171,358		162,727		—		22,034
Fair value of plan assets		147,908		137,092		—		20,336

Net periodic benefit costs for the years ended December 31, 2017, 2016 and 2015, were as follows:

	United States									United Kingdom
(In thousands)	2017			2016			2015			2017			2016			2015
Interest cost	$	6,651		$	6,934		$	6,815		$	592		$	733		$	789
Expected return on plan assets		(9,288	)		(9,012	)		(9,579	)		(797	)		(900	)		(1,054	)
Amortization of net actuarial loss		3,085			3,386			4,534			382			77			179
Net periodic benefit cost	$	448		$	1,308		$	1,770		$	177		$	(90	)	$	(86	)

Other changes in plan assets and benefit obligations recognized in other comprehensive income for the years ended December 31, 2017, 2016 and 2015, were as follows:

	United States									United Kingdom
(In thousands)	2017			2016			2015			2017			2016			2015
Net actuarial (gain) loss	$	2,864		$	(11,062	)	$	(1,110	)	$	(1,318	)	$	3,756		$	(781	)
Amortization of net actuarial loss		(3,085	)		(3,386	)		(4,534	)		(382	)		(77	)		(179	)
Total recognized in other comprehensive income	$	(221	)	$	(14,448	)	$	(5,644	)	$	(1,700	)	$	3,679		$	(960	)
Total recognized in net periodic benefit cost and other comprehensive income	$	227		$	(13,140	)	$	(3,874	)	$	(1,523	)	$	3,589		$	(1,046	)

The estimated amounts that will be reclassified from accumulated other comprehensive income into net periodic benefit cost in 2018 are as follows:

(In thousands)

United

States

United

Kingdom

Net actuarial loss

3,746

222

Estimated Future Benefit Payments

(In thousands)	United States		United Kingdom
2018	$	7,560	$	504
2019		7,956		511
2020		8,438		516
2021		8,973		539
2022		9,448		585
2023-2027		51,168		3,548

Defined contribution expenses for the Company’s qualified defined contribution plans were as follows:

(In thousands)	2017		2016		2015
Retirement contributions	$	4,998	$	4,902	$	4,644
Profit sharing contributions		7,002		6,230		4,972
Total	$	12,000	$	11,132	$	9,616

The Company’s asset allocations for its U.S. pension plans at December 31, 2017 and 2016, by asset category, were as follows:

	December 31, 2017
(In thousands)	Level 1		Level 2		Level 3		Total
Cash and Cash Equivalents	$	4,903	$	—	$	—	$	4,903
Equity Securities
U.S. Equities		37,753		—		—		37,753
Non-U.S. Equities		31,581		47		—		31,628
Employer Securities		30,197		—		—		30,197
Total Equities		99,531		47		—		99,578
Fixed Income Securities
U.S. Corporate Bonds		—		28,744		—		28,744
U.S. Government and Agency Bonds		5,545		1,045		—		6,590
Other Bonds		—		8,093		—		8,093
Total Fixed Income		5,545		37,882		—		43,427
Total	$	109,979	$	37,929	$	—	$	147,908

	December 31, 2016
(In thousands)	Level 1		Level 2		Level 3		Total
Cash and Cash Equivalents	$	3,633	$	275	$	—	$	3,908
Equity Securities
U.S. Equities		29,390		—		—		29,390
Non-U.S. Equities		14,637		—		—		14,637
Employer Securities		36,018		—		—		36,018
Total Equities		80,045		—		—		80,045
Fixed Income Securities
U.S. Corporate Bonds		—		28,278		—		28,278
U.S. Government and Agency Bonds		8,309		971		—		9,280
Other Bonds		—		7,696		—		7,696
Total Fixed Income		8,309		36,945		—		45,254
Mutual Funds
Real Estate		5,362		—		—		5,362
Commodities		2,523		—		—		2,523
Other		—		—		—		—
Total Mutual Funds		7,885		—		—		7,885
Total	$	99,872	$	37,220	$	—	$	137,092

The Company’s asset allocations for its U.K. pension plans at December 31, 2017 and 2016, by asset category, were as follows:

	December 31, 2017
(In thousands)	Level 1		Level 2		Level 3		Total
Cash	$	745	$	—	$	—	$	745
Equity Securities
Pooled Pension Funds		—		14,127		—		14,127
Fixed Income
Pooled Pension Funds		—		6,952		—		6,952
Real Estate
Pooled Pension Funds		—		646		—		646
Insurance Contracts		—		—		1,698		1,698
Total	$	745	$	21,725	$	1,698	$	24,168

	December 31, 2016
(In thousands)	Level 1		Level 2		Level 3		Total
Cash	$	243	$	—	$	—	$	243
Equity Securities
Pooled Pension Funds		—		11,760		—		11,760
Fixed Income
Pooled Pension Funds		—		6,015		—		6,015
Real Estate
Pooled Pension Funds		—		559		—		559
Insurance Contracts		—		—		1,759		1,759
Total	$	243	$	18,334	$	1,759	$	20,336

Fair value changes within asset categories for which fair value measurements use significant unobservable inputs (Level 3) were as follows during 2016 and 2017:

(In thousands)	Insurance Contracts
Fair value, December 31, 2015	$	1,969
Sale proceeds (benefit payments)		(144	)
Change in unrealized gain		265
Foreign exchange impact		(331	)
Fair value, December 31, 2016	$	1,759
Sale proceeds (benefit payments)		(134	)
Change in unrealized gain		(84	)
Foreign exchange impact		157
Fair value, December 31, 2017	$	1,698

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

	United States									United Kingdom
	2017			2016			2015			2017			2016			2015
Discount rate		4.17	%		4.39	%		4.09	%		2.60	%		4.00	%		3.50	%
Expected long-term return on plan assets		7.00	%		7.00	%		7.50	%		3.77	%		4.59	%		4.66	%

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

	United States						United Kingdom
	2017			2016			2017			2016
Discount rate		3.67	%		4.17	%		2.40	%		2.60	%