Pension Plans And Postretirement Benefits (Tables)

12 Months Ended

Dec. 31, 2015

U.S. Pension Plans [Member]

Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]

Components Of Defined Benefit Pension Plans

A summary of activity with respect to both plans is as follows (in thousands):

	2015			2014
Change in projected benefit obligation:
Projected benefit obligation, beginning of year	$	352,126		$	295,044
Interest cost	12,958			14,239
Actuarial (gains) losses	(35,799		)	52,125
Benefits paid	(122,260		)	(9,282		)
Projected benefit obligation, end of year	$	207,025		$	352,126
Change in plan assets:
Fair value of plan assets, beginning of year	$	240,010		$	239,080
Actual return on plan assets	(250		)	11,175
Employer contributions	1,000			—
Benefits paid	(122,260		)	(9,282		)
Administrative expenses	(781		)	(963		)
Fair value of plan assets, end of year	$	117,719		$	240,010
Funded status at end of year	$	(89,306	)	$	(112,116	)

Components Of Net Periodic Pension Costs And Amounts Recognized In Other Comprehensive Income

The following table summarizes the components of net periodic pension cost and other amounts recognized in other comprehensive income (loss) excluding taxes (in thousands):

	2015			2014			2013
Components of net periodic pension cost:
Interest cost	$	12,958		$	14,239		$	12,286
Expected return on plan assets	(10,581		)	(10,115		)	(9,746		)
Settlement charge	40,973			—			—
Actuarial losses	6,963			4,634			7,464
Net periodic pension cost	$	50,313		$	8,758		$	10,004
Amounts recognized in other comprehensive income (loss):
Net (gain) loss arising during the period	$	(24,186	)	$	52,027		$	(31,952	)
Settlement charge	(40,973		)	—			—
Amortization of net loss	(6,963		)	(4,634		)	(7,464		)
Total recognized in other comprehensive income (loss)	$	(72,122	)	$	47,393		$	(39,416	)
Net amount recognized in net periodic benefit cost and other
comprehensive income (loss)	$	(21,809	)	$	56,151		$	(29,412	)

Schedule Of Assumptions For Pension Plan

We use a December 31 measurement date for the WilTel plan and a November 30 date for the Jefferies plan.  The assumptions used are as follows:

	2015		2014
WilTel Plan
Discount rate used to determine benefit obligation	4.00	%	3.76	%
Weighted-average assumptions used to determine
net pension cost:
Discount rate	3.76	%	4.71	%
Expected long-term return on plan assets	4.00	%	4.00	%
Jefferies Plan
Discount rate used to determine benefit obligation	4.10	%	4.30	%
Weighted-average assumptions used to determine
net pension cost:
Discount rate	4.30	%	5.10	%
Expected long-term return on plan assets	6.75	%	6.75	%

Schedule Of Expected Pension Benefit Payments

The following pension benefit payments are expected to be paid (in thousands):

2016	$	10,503
2017	8,818
2018	9,962
2019	10,001
2020	10,506
2021 – 2025	65,960

U.S. Pension Plans [Member] | WilTel [Member]

Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]

Schedule Of Plan's Assets At Fair Value

WilTel Plan Assets.  At December 31, 2015 and 2014, the WilTel plan assets at fair value consisted of the following (in thousands):

			Fair Value Measurements Using
	Total		Level 1		Level 2
2015
Cash and cash equivalents	$	3,026	$	3,026	$	—
Fixed income securities:
U.S. government and agencies	5,988		5,988		—
Public utilities	8,978		—		8,978
All other corporates	52,696		—		52,696
Total	$	70,688	$	9,014	$	61,674
2014
Cash and cash equivalents	$	14,669	$	14,669	$	—
Fixed income securities:
U.S. government and agencies	3,719		3,719		—
Public utilities	15,669		—		15,669
All other corporates	154,868		—		154,868
Total	$	188,925	$	18,388	$	170,537

U.S. Pension Plans [Member] | Jefferies [Member]

Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]

Schedule Of Plan's Assets At Fair Value

Jefferies Plan Assets.  At December 31, 2015 and 2014, the Jefferies plan assets at fair value consisted of the following (in thousands):

			Fair Value Measurements Using
	Total		Level 1		Level 2
2015
Cash and cash equivalents	$	487	$	487	$	—
Listed equity securities	29,156		29,156		—
Fixed income securities:
Corporate debt securities	6,598		—		6,598
Foreign corporate debt securities	2,140		—		2,140
U.S. government securities	3,975		3,975		—
Agency mortgage-backed securities	3,504		—		3,504
Commercial mortgage-backed securities	425		—		425
Asset-backed securities	746		—		746
Total	$	47,031	$	33,618	$	13,413
2014
Cash and cash equivalents	$	373	$	373	$	—
Listed equity securities	31,327		31,327		—
Fixed income securities:
Corporate debt securities	6,482		—		6,482
Foreign corporate debt securities	1,321		—		1,321
U.S. government securities	5,929		5,929		—
Agency mortgage-backed securities	3,883		—		3,883
Commercial mortgage-backed securities	1,080		—		1,080
Asset-backed securities	690		—		690
Total	$	51,085	$	37,629	$	13,456

German Pension Plan [Member]

Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]

Schedule Of Assumptions For Pension Plan

The following are assumptions used to determine the actuarial present value of the projected benefit obligation and net periodic pension benefit cost for the years ended December 31, 2015 and 2014:

	2015		2014
Projected benefit obligation
Discount rate	2.20	%	2.10	%
Rate of compensation increase (1)	N/A		3.00	%
Net periodic pension benefit cost
Discount rate	2.10	%	3.40	%
Rate of compensation increase (1)	N/A		3.00	%

(1) There were no active participants in the plan at December 31, 2015.

Schedule Of Expected Pension Benefit Payments

The following pension benefit payments are expected to be paid (in thousands):

2016	$	1,143
2017	1,124
2018	1,133
2019	1,110
2020	1,159
2021 – 2025	5,831

Changes in Projected Benefit Obligation

The following tables summarize the changes in the projected benefit obligation and the components of net periodic pension cost for the years ended December 31, 2015 and 2014 and for the period from the acquisition of Jefferies to December 31, 2013 (in thousands):

	2015			2014
Change in projected benefit obligation:
Projected benefit obligation, beginning of year	$	28,434		$	26,368
Service cost	—			40
Interest cost	523			801
Actuarial losses	(40		)	4,630
Currency adjustment	(4,303		)	(2,212		)
Benefits paid	(1,069		)	(1,193		)
Projected benefit obligation, end of year	$	23,545		$	28,434

Components Of Pension Expense

	2015		2014		2013
Components of net periodic pension cost:
Service cost	$	—	$	40	$	51
Interest cost	523		801		685
Net amortization	325		244		179
Net periodic pension cost	$	848	$	1,085	$	915