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EMPLOYEE BENEFIT PLANS (Tables)
 12 Months Ended
Dec. 31, 2015
Schedule of U.S. and International Pension Plans with Accumulated Benefit Obligations and with Projected Benefit Obligations in Excess of Plan Assets
 
 
U.S.
 
International
In thousands
 
2015
 
2014
 
2015
 
2014
Information for pension plans with accumulated benefit obligations in
 
 
 
 
 
 
 
 
excess of Plan assets:
 
 
 
 
 
 
 
 
Projected benefit obligation
 
$
(46,120
)
 
$
(50,154
)
 
$
(195,311
)
 
$
(143,121
)
Accumulated benefit obligation
 
(45,201
)
 
(49,303
)
 
(190,188
)
 
(138,443
)
Fair value of plan assets
 
37,640

 
41,503

 
168,069

 
104,232

Information for pension plans with projected benefit obligations in
 
 

 
 

 
 

 
 

excess of plan assets:
 
 

 
 

 
 

 
 

Projected benefit obligation
 
$
(46,120
)
 
$
(50,154
)
 
$
(135,168
)
 
$
(151,920
)
Fair value of plan assets
 
37,640

 
41,503

 
102,372

 
112,526
Pension Plan Assets by Asset Category
Pension Plan Assets
The Company has established formal investment policies for the assets associated with our pension plans. Objectives include maximizing long-term return at acceptable risk levels and diversifying among asset classes. Asset allocation targets are based on periodic asset liability study results which help determine the appropriate investment strategies. The investment policies permit variances from the targets within certain parameters. The plan assets consist primarily of equity security funds, debt security funds, and temporary cash and cash equivalent investments. The assets held in these funds are generally actively managed and are valued at the net asset value per share multiplied by the number of shares held as of the measurement date. Generally, all plan assets are considered Level 2 based on the fair value valuation hierarchy (See Note 18 “Fair Value Measurement” included herein). Plan assets by asset category at December 31, 2015 and 2014 are as follows:
 
 
U.S.
 
International
In thousands
 
2015
 
2014
 
2015
 
2014
Pension Plan Assets
 
 
 
 
 
 
 
 
Equity security funds
 
$
20,275

 
$
20,696

 
$
87,321

 
$
99,715

Debt security funds and other
 
16,441

 
20,034

 
77,173

 
78,510

Cash and cash equivalents
 
924

 
773

 
3,575

 
4,029

Fair value of plan assets
 
$
37,640

 
$
41,503

 
$
168,069

 
$
182,254
Costs Recognized Under Defined Contribution Plans and Multiemployer Pension Plans
The Company also participates in certain defined contribution plans and multiemployer pension plans. Costs recognized under these plans are summarized as follows:
 
 
For the year ended
December 31,
In thousands
 
2015
 
2014
 
2013
Multi-employer pension and health & welfare plans
 
$
2,584

 
$
2,405

 
$
2,678

401(k) savings and other defined contribution plans
 
21,399

 
19,925

 
17,291

Total
 
$
23,983

 
$
22,330

 
$
19,969
Contributions in Multiemployer Pension Plans
The Company’s participation in multi-employer plans for the year ended December 31, 2015 is outlined in the table below. For plans that are not individually significant to the Company, the total amount of contributions is presented in the aggregate.
 
 
 
 
 
Pension Protection
Act Zone Status (b)
 
FIP/
 
Contributions by
the Company
 
 
 
 
 
Expiration
Dates of
 
 
 
 
 
 
 
 
 
RP Status
Pending/
 
 
 
 
 
 
 
 
 
 
 
 
 
Surcharge
Imposed
 
Collective
Bargaining
Pension Fund
 
EIN/PN (a)
 
2013
 
2012
 
Implemented (c)
 
2015
 
 
 
2014
 
 
 
2013
 
 
 
(d)
 
Agreements
Idaho Operating Engineers-
 
EIN #
91-6075538
 
Green
 
Green
 
No
 
$
1,820

 
(1
)
 
$
1,745

 
(1
)
 
$
2,154

 
(1
)
 
No
 
6/30/2018
Employers Pension Trust Fund
 
Plan#
001
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Automobile Mechanics' Local No 701 Union and
 
EIN #
36-6042061
 
Red
 
Red
 
Yes (2)
 
$
764

 
 
 
$
660

 
 
 
$
524

 
 
 
Yes (3)
 
12/11/2017
Industry Pension Plan
 
Plan #
001
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total Contributions
 
$
2,584

 
 
 
$
2,405

 
 
 
$
2,678

 
 
 
 
 
 
 
(1)
The Company’s contribution represents more than 5% of the total contributions to the plan.
(2)
The Pension Fund’s board adopted a Funding Improvement Plan on October 21, 2015, continuing the existing plan which increased the weekly pension fund contribution rates by $75 with corresponding decreases to the weekly welfare fund contribution rates until December 31, 2017.
(3)
Critical status triggered a 5% surcharge on employer contributions effective June 2012.  Effective January 1, 2013, this surcharge increases to 10%. The surcharge ended on October 21, 2015 when the rehabilitation plan commenced.

(a)
The “EIN / PN” column provides the Employer Identification Number and the three-digit plan number assigned to a plan by the Internal Revenue Service.
(b)
The most recent Pension Protection Act Zone Status available for 2013 and 2012 is for plan years that ended in 2013 and 2012, respectively. The zone status is based on information provided to the Company and other participating employers by each plan and is certified by the plan’s actuary. A plan in the “red” zone has been determined to be in “critical status”, based on criteria established under the Internal Revenue Code (“Code”), and is generally less than 65% funded. A plan in the “yellow” zone has been determined to be in “endangered status”, based on criteria established under the Code, and is generally less than 80% funded. A plan in the “green” zone has been determined to be neither in “critical status” nor in “endangered status”, and is generally at least 80% funded.
(c)
The “FIP/RP Status Pending/Implemented” column indicates whether a Funding Improvement Plan, as required under the Code to be adopted by plans in the “yellow” zone, or a Rehabilitation Plan, as required under the Code to be adopted by plans in the “red” zone, is pending or has been implemented as of the end of the plan year that ended in 2015.
(d)
The “Surcharge Imposed” column indicates whether the Company’s contribution rate for 2015 included an amount in addition the contribution rate specified in the applicable collective bargaining agreement, as imposed by a plan in “critical status”, in accordance with the requirements of the Code.
Defined Benefit Pension Plans  
Obligations and Funded Status
The following tables provide information regarding the Company’s defined benefit pension plans summarized by U.S. and international components.
Obligations and Funded Status
 
 
U.S.
 
International
In thousands
 
2015
 
2014
 
2015
 
2014
Change in projected benefit obligation
 
 
 
 
 
 
 
 
Obligation at beginning of year
 
$
(50,154
)
 
$
(47,090
)
 
$
(219,225
)
 
$
(170,931
)
Service cost
 
(381
)
 
(334
)
 
(2,015
)
 
(2,138
)
Interest cost
 
(1,914
)
 
(2,070
)
 
(7,091
)
 
(8,102
)
Employee contributions
 
—

 
—

 
(503
)
 
(385
)
Plan curtailments and amendments
 
—

 
—

 
—

 
473

Benefits paid
 
3,628

 
5,083

 
8,028

 
7,616

Acquisition
 
—

 
—

 
—

 
(39,381
)
Actuarial gain (loss)
 
2,701

 
(5,743
)
 
3,084

 
(23,335
)
Effect of currency rate changes
 
—

 
—

 
22,411

 
16,958

Obligation at end of year
 
$
(46,120
)
 
$
(50,154
)
 
$
(195,311
)
 
$
(219,225
)
Change in plan assets
 
 

 
 

 
 

 
 

Fair value of plan assets at beginning of year
 
$
41,503

 
$
42,980

 
$
182,254

 
$
156,705

Actual return on plan assets
 
(235
)
 
3,606

 
6,572

 
17,363

Employer contributions
 
—

 
—

 
6,746

 
6,036

Employee contributions
 
—

 
—

 
503

 
385

Benefits paid
 
(3,628
)
 
(5,083
)
 
(8,028
)
 
(7,616
)
Acquisition
 
—

 
—

 
—

 
23,444

Effect of currency rate changes
 
—

 
—

 
(19,978
)
 
(14,063
)
Fair value of plan assets at end of year
 
$
37,640

 
$
41,503

 
$
168,069

 
$
182,254

Funded status
 
 

 
 

 
 

 
 

Fair value of plan assets
 
$
37,640

 
$
41,503

 
$
168,069

 
$
182,254

Benefit obligations
 
(46,120
)
 
(50,154
)
 
(195,311
)
 
(219,225
)
Funded status
 
$
(8,480
)
 
$
(8,651
)
 
$
(27,242
)
 
$
(36,971
)
Amounts recognized in the statement of financial position consist of:
 
 

 
 

 
 

 
 

Noncurrent assets
 
$
—

 
$
—

 
$
5,554

 
$
2,424

Current liabilities
 
—

 
—

 
(362
)
 
(398
)
Noncurrent liabilities
 
(8,480
)
 
(8,651
)
 
(32,434
)
 
(38,997
)
Net amount recognized
 
$
(8,480
)
 
$
(8,651
)
 
$
(27,242
)
 
$
(36,971
)
Amounts recognized in accumulated other comprehensive income (loss) consist of:
 
 

 
 

 
 

 
 

Initial net obligation
 
$
—

 
$
—

 
$
(275
)
 
$
(449
)
Prior service cost
 
(11
)
 
(13
)
 
(80
)
 
(157
)
Net actuarial loss
 
(23,305
)
 
(24,665
)
 
(41,782
)
 
(49,180
)
Net amount recognized
 
$
(23,316
)
 
$
(24,678
)
 
$
(42,137
)
 
$
(49,786
)
Components of Net Periodic Benefit Costs
Components of Net Periodic Benefit Costs
 
 
U.S.
 
International
In thousands
 
2015
 
2014
 
2013
 
2015
 
2014
 
2013
Service cost
 
$
380

 
$
334

 
$
432

 
$
2,015

 
$
2,138

 
$
2,035

Interest cost
 
1,914

 
2,070

 
1,960

 
7,091

 
8,102

 
6,661

Expected return on plan assets
 
(2,168
)
 
(2,476
)
 
(2,977
)
 
(9,591
)
 
(9,646
)
 
(8,418
)
Amortization of initial net obligation and prior service cost
 
3

 
23

 
62

 
212

 
248

 
270

Amortization of net loss
 
1,062

 
2,197

 
3,180

 
2,379

 
2,768

 
3,107

Settlement and curtailment losses recognized
 
—

 
—

 
—

 
—

 
(390
)
 
3,655

Net periodic benefit cost
 
$
1,191

 
$
2,148

 
$
2,657

 
$
2,106

 
$
3,220

 
$
7,310
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 during 2015 are as follows:
In thousands
 
U.S.
 
International
Net gain (loss) arising during the year
 
$
297

 
$
65

Effect of exchange rates
 
—

 
4,954

Amortization or curtailment recognition of prior service cost
 
3

 
—

Amortization or settlement recognition of net loss
 
1,062

 
2,379

Total recognized in other comprehensive income (loss)
 
$
1,362

 
$
7,398

Total recognized in net periodic benefit cost and other comprehensive (loss) income
 
$
(2,553
)
 
$
(9,504
)
Weighted Average Assumptions Used to Develop Actuarial Present Value of Projected Benefit Obligation
The weighted average assumptions in the following table represent the rates used to develop the actuarial present value of the projected benefit obligation for the year listed.
 
 
U.S.
 
International
 
 
2015
 
2014
 
2013
 
2015
 
2014
 
2013
Discount rate
 
4.21
%
 
3.95
%
 
4.70
%
 
3.56
%
 
3.48
%
 
4.43
%
Expected return on plan assets
 
5.70
%
 
5.70
%
 
6.20
%
 
5.81
%
 
5.79
%
 
6.07
%
Rate of compensation increase
 
3.00
%
 
3.00
%
 
3.00
%
 
3.10
%
 
3.10
%
 
3.59
%
Amounts Included in Other Comprehensive Loss That are Expected to be Recognized as Components of Periodic Benefit Costs
As of December 31, 2015 the following table represents the amounts included in other comprehensive loss that are expected to be recognized as components of periodic benefit costs in 2016.
In thousands
 
U.S.
 
International
Net transition obligation
 
$
—

 
$
150

Prior service cost
 
3

 
26

Net actuarial loss
 
914

 
2,287

 
 
$
917

 
$
2,463
Benefit Payments Expected to be Paid to Plan Participants
Benefit payments expected to be paid to plan participants are as follows:
In thousands
 
U.S.
 
International
Year ended December 31,
 
 
 
 
2016
 
$
3,399

 
$
6,939

2017
 
3,519

 
7,261

2018
 
3,388

 
7,487

2019
 
3,394

 
7,733

2020
 
3,372

 
7,854

2021 through 2025
 
15,820

 
42,040
Post Retirement Benefit Plans  
Obligations and Funded Status
Obligations and Funded Status
 
 
U.S.
 
International
In thousands
 
2015
 
2014
 
2015
 
2014
Change in projected benefit obligation
 
 
 
 
 
 
 
 
Obligation at beginning of year
 
$
(31,872
)
 
$
(25,860
)
 
$
(3,905
)
 
$
(3,871
)
Service cost
 
(9
)
 
(29
)
 
(38
)
 
(47
)
Interest cost
 
(1,233
)
 
(1,155
)
 
(128
)
 
(173
)
Plan amendments
 
16,140

 
—

 
—

 
—

Benefits paid
 
1,478

 
978

 
125

 
66

Actuarial gain (loss)
 
2,537

 
(5,806
)
 
37

 
(238
)
Effect of currency rate changes
 
—

 
—

 
619

 
358

Obligation at end of year
 
$
(12,959
)
 
$
(31,872
)
 
$
(3,290
)
 
$
(3,905
)
Change in plan assets
 
 

 
 

 
 

 
 

Fair value of plan assets at beginning of year
 
$
—

 
$
—

 
$
—

 
$
—

Employer contributions
 
1,478

 
978

 
125

 
162

Benefits paid
 
(1,478
)
 
(978
)
 
(125
)
 
(162
)
Fair value of plan assets at end of year
 
$
—

 
$
—

 
$
—

 
$
—

Funded status
 
 

 
 

 
 

 
 

Fair value of plan assets
 
$
—

 
$
—

 
$
—

 
$
—

Benefit obligations
 
(12,959
)
 
(31,872
)
 
(3,290
)
 
(3,905
)
Funded status
 
$
(12,959
)
 
$
(31,872
)
 
$
(3,290
)
 
$
(3,905
)
 
 
U.S.
 
International
In thousands
 
2015
 
2014
 
2015
 
2014
Amounts recognized in the statement of financial position consist of:
 
 
 
 
 
 
 
 
Current liabilities
 
$
(1,197
)
 
$
(1,305
)
 
$
(181
)
 
$
(212
)
Noncurrent liabilities
 
(11,762
)
 
(30,567
)
 
(3,109
)
 
(3,693
)
Net amount recognized
 
$
(12,959
)
 
$
(31,872
)
 
$
(3,290
)
 
$
(3,905
)
Amounts recognized in accumulated other comprehensive income (loss)
 
 

 
 

 
 

 
 

consist of:
 
 

 
 

 
 

 
 

Initial net obligation
 
$
—

 
$
—

 
$
—

 
$
—

Prior service credit
 
22,837

 
8,993

 
21

 
32

Net actuarial (loss) gain
 
(22,202
)
 
(26,096
)
 
351

 
422

Net amount recognized
 
$
635

 
$
(17,103
)
 
$
372

 
$
454
Components of Net Periodic Benefit Costs
Components of Net Periodic Benefit Cost
 
 
U.S.
 
International
In thousands
 
2015
 
2014
 
2013
 
2015
 
2014
 
2013
Service cost
 
$
9

 
$
29

 
$
47

 
$
38

 
$
47

 
$
48

Interest cost
 
1,233

 
1,155

 
1,113

 
129

 
173

 
172

Amortization of initial net obligation and prior service cost
 
(2,295
)
 
(2,730
)
 
(2,689
)
 
(7
)
 
(8
)
 
(211
)
Amortization of net loss (gain)
 
1,356

 
1,330

 
1,634

 
(30
)
 
(141
)
 
(93
)
Net periodic benefit cost (credit)
 
$
303

 
$
(216
)
 
$
105

 
$
130

 
$
71

 
$
(84
)
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 during 2015 are as follows:
In thousands
 
U.S.
 
International
Prior service credit
 
$
16,140

 
$
—

Net loss arising during the year
 
2,537

 
37

Effect of exchange rates
 
—

 
(72
)
Amortization or curtailment recognition of prior service cost
 
(2,295
)
 
(7
)
Amortization or settlement recognition of net loss (gain)
 
1,356

 
(30
)
Total recognized in other comprehensive income (loss)
 
$
17,738

 
$
(72
)
Total recognized in net periodic benefit cost and other comprehensive income (loss)
 
$
17,435

 
$
(202
)
Weighted Average Assumptions Used to Develop Actuarial Present Value of Projected Benefit Obligation
The weighted average assumptions in the following table represent the rates used to develop the actuarial present value of the projected benefit obligation for the year listed and also the net periodic benefit cost for the following year. The discount rate is based on settling the pension obligation with high grade, high yield corporate bonds.
 
 
U.S.
 
International
 
 
2015
 
2014
 
2013
 
2015
 
2014
 
2013
Discount rate
 
3.95
%
 
3.95
%
 
4.70
%
 
3.80
%
 
3.96
%
 
4.60
%
Amounts Included in Other Comprehensive Loss That are Expected to be Recognized as Components of Periodic Benefit Costs
As of December 31, 2015 the following table represents the amounts included in other comprehensive loss that are expected to be recognized as components of periodic benefit costs in 2016.
In thousands
 
U.S.
 
International
Prior service cost
 
(2,294
)
 
(7
)
Net actuarial loss (gain)
 
1,355

 
(30
)
 
 
$
(939
)
 
$
(37
)
Benefit Payments Expected to be Paid to Plan Participants
Benefit payments expected to be paid to plan participants are as follows:
In thousands
 
U.S.
 
International
Year ended December 31,
 
 
 
 
2016
 
$
1,197

 
$
181

2017
 
1,104

 
180

2018
 
1,078

 
188

2019
 
1,049

 
200

2020
 
1,023

 
204

2021 through 2025
 
4,609

 
1,209