Pension And Other Postretirement Benefits Disclosure [Text Block] | Note 18 – Pension and Other Postretirement Benefits The following table shows the Company’s plans’ funded status reconcile d with amounts reported in the Consolidated Balance S heet s as of December 31, 2015 and 2014 : Other Post- Pension Benefits Retirement Benefits 2015 2014 2015 2014 Change in benefit obligation Foreign Domestic Total Foreign Domestic Total Domestic Domestic Gross benefit obligation at beginning of year $ 106,827 $ 70,667 $ 177,494 $ 85,745 $ 66,369 $ 152,114 $ 6,045 $ 5,639 Service cost 2,799 250 3,049 2,626 250 2,876 17 19 Interest cost 2,476 2,541 5,017 3,210 2,823 6,033 195 232 Employee contributions 80 — 80 89 — 89 — — Effect of plan amendments — — — 242 — 242 — — Plan settlements (328) — (328) — — — — — Benefits paid (1,604) (4,249) (5,853) (1,985) (4,589) (6,574) (533) (533) Plan expenses and premiums paid (57) (250) (307) (361) (250) (611) — — Transfer in of business acquisition — — — 2,818 — 2,818 — — Actuarial (gain) loss (7,799) (2,097) (9,896) 26,412 6,064 32,476 (302) 688 Translation differences and other (9,988) — (9,988) (11,969) — (11,969) — — Gross benefit obligation at end of year $ 92,406 $ 66,862 $ 159,268 $ 106,827 $ 70,667 $ 177,494 $ 5,422 $ 6,045 Change in plan assets Fair value of plan assets at year beginning of year $ 86,523 $ 49,689 $ 136,212 $ 68,659 $ 50,650 $ 119,309 $ — $ — Actual (loss) return on plan assets (2,170) 223 (1,947) 23,981 2,591 26,572 — — Employer contributions 1,804 1,288 3,092 3,778 1,287 5,065 533 533 Employee contributions 80 — 80 89 — 89 — — Plan settlements (328) — (328) — — — — — Benefits paid (1,604) (4,249) (5,853) (1,985) (4,589) (6,574) (533) (533) Plan expenses and premiums paid (57) (250) (307) (361) (250) (611) — — Transfer in of business acquisition — — — 2,093 — 2,093 — — Translation differences (8,092) — (8,092) (9,731) — (9,731) — — Fair value of plan assets at end of year $ 76,156 $ 46,701 $ 122,857 $ 86,523 $ 49,689 $ 136,212 $ — $ — Net benefit obligation recognized $ (16,250) $ (20,161) $ (36,411) $ (20,304) $ (20,978) $ (41,282) $ (5,422) $ (6,045) Amounts recognized in the balance sheet consist of: Current liabilities $ (52) $ (575) $ (627) $ (94) $ (577) $ (671) $ (517) $ (568) Non-current liabilities (16,198) (19,586) (35,784) (20,210) (20,401) (40,611) (4,905) (5,477) Net benefit obligation recognized $ (16,250) $ (20,161) $ (36,411) $ (20,304) $ (20,978) $ (41,282) $ (5,422) $ (6,045) Amounts not yet reflected in net periodic benefit costs and included in accumulated other comprehensive loss: Prior service credit (cost) $ 1,910 $ (185) $ 1,725 $ 2,306 $ (248) $ 2,058 $ — $ — Accumulated loss (20,058) (31,906) (51,964) (27,486) (33,125) (60,611) (983) (1,368) Accumulated other comprehensive loss ("AOCI") (18,148) (32,091) (50,239) (25,180) (33,373) (58,553) (983) (1,368) Cumulative employer contributions in excess of or (below) net periodic benefit cost 1,898 11,930 13,828 4,876 12,395 17,271 (4,439) (4,677) Net benefit obligation recognized $ (16,250) $ (20,161) $ (36,411) $ (20,304) $ (20,978) $ (41,282) $ (5,422) $ (6,045) The accumulated benefit obligation for all defined benefit pension plans was $157,486 ( $66,862 Domestic and $90,624 Foreign) and $175,431 ( $70,667 Domestic and $104,764 Foreign) at December 31, 2015 and 2014 , respectively. Information for pension plans with an accumulated benefit obligation in excess of plan assets: 2015 2014 Foreign Domestic Total Foreign Domestic Total Projected benefit obligation $ 92,406 $ 66,862 $ 159,268 $ 106,827 $ 70,667 $ 177,494 Accumulated benefit obligation 90,624 66,862 157,486 104,764 70,667 175,431 Fair value of plan assets 76,156 46,701 122,857 86,523 49,689 136,212 Information for pension plans with a projected benefit obligation in excess of plan assets: 2015 2014 Foreign Domestic Total Foreign Domestic Total Projected benefit obligation $ 92,406 $ 66,862 $ 159,268 $ 106,827 $ 70,667 $ 177,494 Fair value of plan assets 76,156 46,701 122,857 86,523 49,689 136,212 Components of net periodic benefit costs – pension plans: 2015 2014 Foreign Domestic Total Foreign Domestic Total Service cost $ 2,799 $ 250 $ 3,049 $ 2,626 $ 250 $ 2,876 Interest cost 2,476 2,541 5,017 3,210 2,823 6,033 Expected return on plan assets (2,092) (3,453) (5,545) (2,543) (3,817) (6,360) Settlement loss 170 — 170 — — — Actuarial loss amortization 1,136 2,353 3,489 1,307 1,757 3,064 Prior service cost amortization (164) 63 (101) 736 63 799 Net periodic benefit cost $ 4,325 $ 1,754 $ 6,079 $ 5,336 $ 1,076 $ 6,412 2013 Foreign Domestic Total Service cost $ 2,864 $ 299 $ 3,163 Interest cost 3,150 2,437 5,587 Expected return on plan assets (2,245) (3,664) (5,909) Actuarial loss amortization 1,486 2,481 3,967 Prior service cost amortization 30 148 178 Net periodic benefit cost $ 5,285 $ 1,701 $ 6,986 Other changes recognized in other comprehensive income: 2015 2014 Foreign Domestic Total Foreign Domestic Total Net (gain) loss arising during the period $ (3,537) $ 1,134 $ (2,403) $ 4,973 $ 7,290 $ 12,263 Effect of plan amendment — — — 242 — 242 Recognition of amortization in net periodic benefit cost Prior service cost 164 (63) 101 (736) (63) (799) Actuarial loss (1,306) (2,353) (3,659) (1,307) (1,757) (3,064) Effect of exchange rates on amounts included in AOCI (2,353) — (2,353) (3,076) — (3,076) Total recognized in other comprehensive (income) loss (7,032) (1,282) (8,314) 96 5,470 5,566 Total recognized in net periodic benefit cost and other comprehensive (income) loss $ (2,707) $ 472 $ (2,235) $ 5,432 $ 6,546 $ 11,978 2013 Foreign Domestic Total Net (gain) arising during period $ (1,558) $ (5,856) $ (7,414) Effect of plan amendment (2,138) — (2,138) Recognition of amortization in net periodic benefit cost Prior service cost (30) (148) (178) Actuarial loss (1,486) (2,481) (3,967) Effect of exchange rates on amounts included in AOCI 1,007 — 1,007 Total recognized in other comprehensive (income) (4,205) (8,485) (12,690) Total recognized in net periodic benefit cost and other comprehensive loss (income) $ 1,080 $ (6,784) $ (5,704) Components of net periodic benefit costs – other postretirement plan : 2015 2014 2013 Service cost $ 17 $ 19 $ 34 Interest cost 195 232 185 Actuarial loss amortization 83 65 32 Net periodic benefit costs $ 295 $ 316 $ 251 Other changes recognized in other comprehensive income – other postretirement benefit plans: 2015 2014 2013 Net (gain) loss arising during period $ (302) $ 688 $ (1,331) Amortization of actuarial loss in net periodic benefit costs (83) (65) (32) Total recognized in other comprehensive (income) loss (385) 623 (1,363) Total recognized in net periodic benefit cost and other comprehensive (income) loss $ (90) $ 939 $ (1,112) Estimated amounts that will be amortized from accumulated other comprehensive loss over the next fiscal year : Other Post- Pension Plans Retirement Foreign Domestic Total Benefits Actuarial loss $ 843 $ 2,388 $ 3,231 $ 61 Prior service (credit) cost (161) 63 (98) — $ 682 $ 2,451 $ 3,133 $ 61 Weighted-average assumptions used to determine benefit obligations at December 31, 2015 and 2014 : Other Postretirement Pension Benefits Benefits 2015 2014 2015 2014 U.S. Plans: Discount rate 4.07 % 3.72 % 3.88 % 3.45 % Rate of compensation increase 3.63 % 3.63 % N/A N/A Foreign Plans: Discount rate 2.95 % 2.51 % N/A N/A Rate of compensation increase 2.41 % 3.05 % N/A N/A Weighted-average assumptions used to determine net periodic benefit costs for the years ended December 31, 2015 and 2014 : Other Postretirement Pension Benefits Benefits 2015 2014 2015 2014 U.S. Plans: Discount rate 3.72 % 4.48 % 3.45 % 4.05 % Expected long-term return on plan assets 7.30 % 7.85 % N/A N/A Rate of compensation increase 3.63 % 3.63 % N/A N/A Foreign Plans: Discount rate 2.51 % 3.84 % N/A N/A Expected long-term return on plan assets 2.55 % 3.67 % N/A N/A Rate of compensation increase 3.05 % 3.05 % N/A N/A As of December 31, 2015, the Company has elected to use a split discount rate (spot-rate approach) for the U.S. plans and certain for eign plans. Under the spot rate approach, benefit obligations have been determined based on application of the spot rates on a given yield curve at each future year to eac h plan's projected cash flows. The use of the spot-rate approach did not have an impact on the Company's 2015 Consolidated Financial Statements. The long-term rates of return on assets were selected from within the reasonable range of rates determined by (a) historical real returns for the asset classes covered by the investment policy and (b) projections of inflation over the long-term period during which benefits are payable to plan participants. See N ote 1 of Notes to Consolidated Financial Statements for further information. Assumed health care cost trend rates at December 31, 2015 and 2014 : 2015 2014 Health care cost trend rate for next year 6.70 % 6.90 % Rate to which the cost trend rate is assumed to decline (the ultimate trend rate) 4.50 % 4.50 % Year that the rate reaches the ultimate trend rate 2037 2027 Assumed health care cost trend rates could have a significant effect on the amounts reported for the health care plans. A one-percentage-point change in assumed health care cost trend rates would have the following effects: 1% Point 1% Point Increase Decrease Effect on total service and interest cost $ 20 $ (17) Effect on postretirement benefit obligations 484 (422) Plan Assets and Fair Value The Company’s pension plan target asset allocation and the weighted-average asset allocations at December 31, 2015 and 2014 by asset category were as follows: Asset Category Target 2015 2014 U.S. Plans Equity securities 61 % 65 % 66 % Debt securities 32 % 34 % 33 % Other 7 % 1 % 1 % Total 100 % 100 % 100 % Foreign Plans Equity securities and other 23 % 26 % 22 % Debt securities 77 % 74 % 78 % Total 100 % 100 % 100 % As of December 31, 2015 and 2014 , “Other” consisted principally of cash and cash equivalents (approximately 1% to 2% of plan assets in each respective period). The following is a description of the valuation methodologies used for the investments measured at fair value, including the general classification of such instruments pursuant to the valuation hierarchy: Cash and Cash Equivalents Cash and cash equivalents consist of cash and money market funds and are classified as Level 1 inves tments. Common Stock Common stock is valued based on quoted market prices on an exchange in an active market and is classified as Level 1 investments. Registered Investment Companies The shares of registered investment companies, which represent the net as set values of shares held by the Plan, are valued based on quoted market prices o n an exchange in an active market and are classified as Level 1 investments. Fixed Income Corporate Securities Corporate fixed income securities are valued using third party pricing services which are based on a combi nation of quoted market prices o n an exchange in an active market as well as proprietary pricing models and inputs using observable market data and are classified as Level 2 investments. Fixed Income U.S. and Fo reign Government Securities U.S. and foreign government fixed income securities are valued using third party pricing services which are based on a combi nation of quoted market prices o n an exchange in an active market as well as proprietary pricing models and inputs using observable market data and are classified as Level 2 investments. Pooled Separate Accounts Investments in the U.S. pension plan pooled separate accounts consist of insurance annuity contracts and are valued based on the reported unit val ue at year end. Units of the pooled se parate accounts are not traded o n an exchange or in an active market; however, valuation is based on the underlying investments of the units and are classified as Level 2 investments. Insurance Contract Investments in the foreign pension plan insurance contract are valued at the highest value available for the Company at year end, either the reported cash surrender value of the contract or the vested benefit obligation. Both the cash surrender value and the vested benefit obligation are determined based on unobservable inputs, which are contractually or actuarially determined, regarding returns, fees, the present value of the future cash flows of the contract and benefit obligations. The contract is clas sified as a Level 3 investment. Diversified Equity Securities - Registered Investment Companies Investments in the foreign pension plan diversified equity securities of registered investment companies are based upon the quoted redemption value of shares in the fund owned by the plan at year end. The shares of the fund are not available o n an exchange or in an active market; however, the fair value is determined based on the underlying inve stments in the fund as traded on an exchange in an active market and are classified as Level 2 investments. Fixed Income – Foreign Registered Investment Companies Investments in the foreign pension plan fixed income securities of foreign registered investment companies are based upon the quoted redemption value of shares i n the fund owned by the plan at year end. The shares of the fund are not available o n an exchange or in an active market; however, the fair value is determined based on the underlying investments in the fund as traded on an exchange in an active market an d are classified as Level 2 investments. Real Estate The foreign pension plan’s investment in real estate consists of an investment in a property fund. The fund’s underlying investments consist of real property, which are valued using unobservable inputs. The property fund is classified as a Level 3 investment. Commingled Funds Investments in the foreign pension plan commingled funds represent pooled institutional investments, including primarily investment trusts. As of December 31, 2015, commingled fun ds include d approximately 30 percent of investments in equity , 61 percent of investments in fixed income, and 9 percent of other non-related investments. The comm ingled funds are not available o n an exchange or in an active market; however, the fair value is determined based on the underlying pooled investments. Generally, these und erlying investments are traded o n an exchange in an active market and , therefore, the funds are classified as Level 2 investments. As of December 31, 2015 and 2014 , the U.S. and foreign plans’ investments measured at fair value on a recurring basis were as follows: Fair Value Measurements at December 31, 2015 Total Using Fair Value Hierarchy U.S. Pension Assets Fair Value Level 1 Level 2 Level 3 Cash and cash equivalents $ 753 $ 753 $ — $ — Large capitalization common stock 13,346 13,346 — — Large capitalization registered investment companies 6,363 6,363 — — Small capitalization common stock 773 773 — — Small capitalization registered investment companies 2,333 2,333 — — International developed and emerging markets registered investment companies 5,166 5,166 — — International developed and emerging markets common stock 2,519 2,519 — — Fixed income corporate securities 9,601 — 9,601 — Fixed income registered investment companies 4,147 4,147 — — Fixed income U.S. and foreign government securities 308 — 308 — Pooled separate accounts 1,392 — 1,392 — Total U.S. pension plan assets $ 46,701 $ 35,400 $ 11,301 $ — Fair Value Measurements at December 31, 2015 Total Using Fair Value Hierarchy Foreign Pension Assets Fair Value Level 1 Level 2 Level 3 Cash and cash equivalents $ 7 $ 7 $ — $ — Insurance contract 62,409 — — 62,409 Diversified equity securities - registered investment companies 7,180 — 7,180 — Fixed income - foreign registered investment companies 2,290 — 2,290 — Commingled funds 1,882 — 1,882 — Real estate - registered investment companies 2,388 — — 2,388 Total foreign pension assets $ 76,156 $ 7 $ 11,352 $ 64,797 Total pension assets at fair value $ 122,857 $ 35,407 $ 22,653 $ 64,797 Fair Value Measurements at December 31, 2014 Total Using Fair Value Hierarchy U.S. Pension Assets Fair Value Level 1 Level 2 Level 3 Cash and cash equivalents $ 490 $ 490 $ — $ — Large capitalization common stock 14,956 14,956 — — Large capitalization registered investment companies 6,339 6,339 — — Small capitalization common stock 920 920 — — Small capitalization registered investment companies 2,416 2,416 — — International developed and emerging markets registered investment companies 5,638 5,638 — — International developed and emerging markets common stock 2,600 2,600 — — Fixed income corporate securities 9,848 — 9,848 — Fixed income registered investment companies 4,647 4,647 — — Fixed income U.S. and foreign government securities 406 — 406 — Pooled separate accounts 1,429 — 1,429 — Total U.S. pension plan assets $ 49,689 $ 38,006 $ 11,683 $ — Foreign Pension Assets Cash and cash equivalents $ 76 $ 76 $ — $ — Insurance contract 72,417 — — 72,417 Diversified equity securities - registered investment companies 6,565 — 6,565 — Fixed income - foreign registered investment companies 4,946 — 4,946 — Commingled funds 2,041 — 2,041 — Real estate - registered investment companies 478 — — 478 Total foreign pension assets $ 86,523 $ 76 $ 13,552 $ 72,895 Total pension assets at fair value $ 136,212 $ 38,082 $ 25,235 $ 72,895 Changes in the fair value of the foreign plans’ Level 3 investments during the years ended December 31, 2015 and 2014 were as follows: Insurance Real Estate Contract Fund Total Balance at December 31, 2013 $ 57,175 $ 434 $ 57,609 Purchases 3,044 — 3,044 Settlements (1,705) — (1,705) Unrealized gains 22,802 72 22,874 Currency translation adjustment (8,899) (28) (8,927) Balance at December 31, 2014 72,417 478 72,895 Purchases 953 1,937 2,890 Settlements (1,239) — (1,239) Unrealized (losses) gains (2,402) 60 (2,342) Currency translation adjustment (7,320) (87) (7,407) Balance at December 31, 2015 $ 62,409 $ 2,388 $ 64,797 U.S. pension assets include Company common stock in the amounts of $773 ( 2% of total U.S. plan assets) and $920 ( 2% of total U.S. plan assets) at December 31, 2015 and 2014 , respectively. During 2013, it was discovered that the Company’s subsidiary in the U.K. did not appropriately amend a trust for a legacy change in its pension scheme, as it related to a past retirement age equalization law. Given the lack of an official deed to the pens ion trust, the effec tive date of the change to the s ubsidiary’s pension scheme differed from the Company’s historical beliefs, but the extent of the potential exposure was not estimable. In the first quarter of 2014, the Company recorded costs of $902, or $0.05 per diluted share, related to prior service cost and interest cost, to appropriately reflect the past plan amendment related to the retirement age equalization law. Cash Flows Contributions The Company expects to make minimum cash contributions of $7,504 to its pension plans ( $4,775 Domestic and $2,729 Foreign) and $517 to its other postretirement benefit plan in 2016 . Estimated Future Benefit Payments The following benefit payments, which reflect expected future service, as appropriate, are expected to be paid: Other Post- Pension Benefits Retirement Foreign Domestic Total Benefits 2016 $ 1,779 $ 4,756 $ 6,535 $ 517 2017 1,906 4,535 6,441 512 2018 2,103 4,561 6,664 490 2019 2,248 4,575 6,823 471 2020 2,486 4,297 6,783 440 2021 to 2025 17,147 22,808 39,955 1,870 The Company maintains a plan under which supplemental retirement benefits are provided to certain officers. Benefits payable under the plan are based on a combination of years of service and existing postretirement benefits. Included in total pension costs are charges of $927 , $826 and $811 in 2015 , 2014 and 2013 , respectively, representing the annual accrued benefits under this plan. Defined Contribution Plan The Company has a 401(k) plan with an employer match covering a majority of its domestic employees. The plan allows for and the Company has paid a nonelective contribution on behalf of participants who have completed one year of service equal to 3% of the eligible participants’ compensation in the form of Company common stock. Total Company contributions were $2,601 , $2,498 and $2,027 for 2015 , 2014 and 2013 , respectively. |