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, 2017 and 2016 : Other Post- Pension Benefits Retirement Benefits 2017 2016 2017 2016 Change in benefit obligation Foreign Domestic Total Foreign Domestic Total Domestic Domestic Gross benefit obligation at beginning of year $ 103,491 $ 67,254 $ 170,745 $ 92,406 $ 66,862 $ 159,268 $ 4,730 $ 5,422 Service cost 3,219 337 3,556 2,378 298 2,676 8 10 Interest cost 2,066 1,932 3,998 2,314 2,114 4,428 144 142 Employee contributions 68 — 68 71 — 71 — — Plan settlements — (4,341) (4,341) — — — — — Benefits paid (2,503) (4,031) (6,534) (1,583) (4,522) (6,105) (448) (443) Plan expenses and premiums paid (210) — (210) (155) (275) (430) — — Actuarial (gain) loss (1,164) 1,826 662 14,848 2,777 17,625 295 (401) Translation differences and other 13,385 — 13,385 (6,788) — (6,788) — — Gross benefit obligation at end of year $ 118,352 $ 62,977 $ 181,329 $ 103,491 $ 67,254 $ 170,745 $ 4,729 $ 4,730 Change in plan assets Fair value of plan assets at year beginning of year $ 86,844 $ 49,197 $ 136,041 $ 76,156 $ 46,701 $ 122,857 $ — $ — Actual return on plan assets 116 6,865 6,981 14,472 2,516 16,988 — — Employer contributions 2,867 4,574 7,441 3,103 4,777 7,880 448 443 Employee contributions 68 — 68 71 — 71 — — Plan settlements — (4,341) (4,341) — — — — — Benefits paid (2,503) (4,031) (6,534) (1,583) (4,522) (6,105) (448) (443) Plan expenses and premiums paid (210) (300) (510) (155) (275) (430) — — Translation differences 11,440 — 11,440 (5,220) — (5,220) — — Fair value of plan assets at end of year $ 98,622 $ 51,964 $ 150,586 $ 86,844 $ 49,197 $ 136,041 $ — $ — Net benefit obligation recognized $ (19,730) $ (11,013) $ (30,743) $ (16,647) $ (18,057) $ (34,704) $ (4,729) $ (4,730) Amounts recognized in the balance sheet consist of: Non-current assets $ — $ 1,184 $ 1,184 $ — $ — $ — $ — $ — Current liabilities (89) (560) (649) (61) (574) (635) (459) (451) Non-current liabilities (19,641) (11,637) (31,278) (16,586) (17,483) (34,069) (4,270) (4,279) Net benefit obligation recognized $ (19,730) $ (11,013) $ (30,743) $ (16,647) $ (18,057) $ (34,704) $ (4,729) $ (4,730) Amounts not yet reflected in net periodic benefit costs and included in accumulated other comprehensive loss: Prior service credit (cost) $ 1,744 $ (59) $ 1,685 $ 1,687 $ (122) $ 1,565 $ — $ — Accumulated loss (22,598) (27,133) (49,731) (20,214) (33,147) (53,361) (823) (581) AOCI (20,854) (27,192) (48,046) (18,527) (33,269) (51,796) (823) (581) Cumulative employer contributions in excess of or (below) net periodic benefit cost 1,124 16,179 17,303 1,880 15,212 17,092 (3,906) (4,149) Net benefit obligation recognized $ (19,730) $ (11,013) $ (30,743) $ (16,647) $ (18,057) $ (34,704) $ (4,729) $ (4,730) The accumulated benefit obligation for all defined benefit pension plans was $176.3 million ( $62.2 million Domestic and approximately $114.1 million Foreign) and $167.1 million ( $66.7 million Domestic and $100.4 million Foreign ) a s of December 31, 2017 and 2016 , respectively. Information for pension plans with an accumulated benefit obligation in excess of plan assets: 2017 2016 Foreign Domestic Total Foreign Domestic Total Projected benefit obligation $ 118,352 $ 12,197 $ 130,549 $ 103,491 $ 67,254 $ 170,745 Accumulated benefit obligation 114,069 11,456 125,525 100,463 66,676 167,139 Fair value of plan assets 98,622 — 98,622 86,844 49,197 136,041 Information for pension plans with a projected benefit obligation in excess of plan assets: 2017 2016 Foreign Domestic Total Foreign Domestic Total Projected benefit obligation $ 118,352 $ 12,197 $ 130,549 $ 103,491 $ 67,254 $ 170,745 Fair value of plan assets 98,622 — 98,622 86,844 49,197 136,041 Components of net periodic benefit costs – pension plans: 2017 2016 Foreign Domestic Total Foreign Domestic Total Service cost $ 3,219 $ 337 $ 3,556 $ 2,378 $ 298 $ 2,676 Interest cost 2,066 1,932 3,998 2,314 2,114 4,428 Expected return on plan assets (1,994) (3,067) (5,061) (2,026) (3,316) (5,342) Settlement loss — 1,946 1,946 — — — Actuarial loss amortization 862 2,396 3,258 839 2,336 3,175 Prior service (credit) cost amortization (167) 63 (104) (164) 63 (101) Net periodic benefit cost $ 3,986 $ 3,607 $ 7,593 $ 3,341 $ 1,495 $ 4,836 2015 Foreign Domestic Total Service cost $ 2,799 $ 250 $ 3,049 Interest cost 2,476 2,541 5,017 Expected return on plan assets (2,092) (3,453) (5,545) Settlement loss 170 — 170 Actuarial loss amortization 1,136 2,353 3,489 Prior service (credit) cost amortization (164) 63 (101) Net periodic benefit cost $ 4,325 $ 1,754 $ 6,079 Other changes recognized in other comprehensive income – pension plans : 2017 2016 Foreign Domestic Total Foreign Domestic Total Net loss (gain) arising during the period $ 715 $ (1,672) $ (957) $ 2,401 $ 3,576 $ 5,977 Recognition of amortization in net periodic benefit cost Prior service credit (cost) 167 (63) 104 164 (63) 101 Actuarial loss (862) (4,342) (5,204) (839) (2,336) (3,175) Effect of exchange rates on amounts included in AOCI 2,308 — 2,308 (1,347) — (1,347) Total recognized in other comprehensive loss (income) 2,328 (6,077) (3,749) 379 1,177 1,556 Total recognized in net periodic benefit cost and other comprehensive loss (income) $ 6,314 $ (2,470) $ 3,844 $ 3,720 $ 2,672 $ 6,392 2015 Foreign Domestic Total Net (gain) loss arising during period $ (3,537) $ 1,134 $ (2,403) Recognition of amortization in net periodic benefit Prior service credit (cost) 164 (63) 101 Actuarial loss (1,306) (2,353) (3,659) Effect of exchange rates on amounts included in AOCI (2,353) — (2,353) Total recognized in other comprehensive income (7,032) (1,282) (8,314) Total recognized in net periodic benefit cost and other comprehensive (income) loss $ (2,707) $ 472 $ (2,235) Components of net periodic benefit costs – other postretirement plan : 2017 2016 2015 Service cost $ 8 $ 10 $ 17 Interest cost 144 142 195 Actuarial loss amortization 54 — 83 Net periodic benefit costs $ 206 $ 152 $ 295 Other changes recognized in other comprehensive income – other postretirement benefit plans: 2017 2016 2015 Net loss (gain) arising during period $ 295 $ (401) $ (302) Amortization of actuarial loss in net periodic benefit costs (54) — (83) Total recognized in other comprehensive loss (income) 241 (401) (385) Total recognized in net periodic benefit cost and other comprehensive loss (income) $ 447 $ (249) $ (90) 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 $ 890 $ 2,283 $ 3,173 $ 58 Prior service (credit) cost (177) 59 (118) — $ 713 $ 2,342 $ 3,055 $ 58 Weighted-average assumptions used to determine benefit obligations a s of December 31, 2017 and 2016 : Other Postretirement Pension Benefits Benefits 2017 2016 2017 2016 U.S. Plans: Discount rate 3.44 % 3.88 % 3.39 % 3.73 % Rate of compensation increase 3.63 % 3.63 % N/A N/A Foreign Plans: Discount rate 2.31 % 2.17 % N/A N/A Rate of compensation increase 2.89 % 2.48 % N/A N/A Weighted-average assumptions used to determine net periodic benefit costs for the years ended December 31, 2017 and 2016 : Other Postretirement Pension Benefits Benefits 2017 2016 2017 2016 U.S. Plans: Discount rate 3.88 % 4.07 % 3.73 % 3.88 % Expected long-term return on plan assets 7.00 % 7.20 % N/A N/A Rate of compensation increase 3.63 % 3.63 % N/A N/A Foreign Plans: Discount rate 2.17 % 2.95 % N/A N/A Expected long-term return on plan assets 2.12 % 2.65 % N/A N/A Rate of compensation increase 2.48 % 2.41 % N/A N/A 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 in vestment policy and (b) projections of inflation over the long-term period during which benefits are payable to plan participants. See Note 1 of Notes to Consolidated Financial Statements for further information. Assumed health care cost trend rates a s of December 31, 2017 and 2016 : 2017 2016 Health care cost trend rate for next year 6.40 % 6.70 % 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 2037 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 $ 16 $ (14) Effect on postretirement benefit obligations 356 (311) Plan Assets and Fair Value The Company’s pension plan target asset allocation and the weighted-average asset allocations a s of December 31, 2017 and 2016 by asset category were as follows: Asset Category Target 2017 2016 U.S. Plans Equity securities 56 % 59 % 60 % Debt securities 43 % 40 % 39 % Other 1 % 1 % 1 % Total 100 % 100 % 100 % Foreign Plans Equity securities and other 25 % 25 % 24 % Debt securities 75 % 75 % 76 % Total 100 % 100 % 100 % As of December 31, 2017 and 2016 , “Other” consisted principally of cash and cash equivalents (approximately 1% 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 , where applicable : Cash and Cash Equivalents Cash and cash equivalents consist of cash and money market funds and are classifie d as Level 1 investments. 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. Commingled Funds Investments in the U.S. pension plan and foreign pension plan commingl ed funds represent pooled institutional investments, including primarily collective investment trusts. The se commingled funds are not available o n an exchange or in an active market and these investments are valued using their net asset value (“NAV”), whi ch is generally based on the underlying asset values of the pooled investments held in the trusts. As of December 31, 2017 , the U.S. pension plan commingled funds include d approximately 60 percent of investments in equity securities and 40 percent of investments in fixed income securities. As of December 31, 2017 , foreign pension plan commingled funds include d approximately 31 percent of investments in equity securities, 57 percent of investments in fixed income securities, and 12 percent of other non-related investments, primarily real estate. 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 v alue at year end. Units of the pooled separate account are not traded on an exchange or in an active market and these investments are valued using their NAV. Insurance Contract Investments in the foreign pension plan insurance contract are valued at the h ighest 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, whi ch 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 classified as a Level 3 investment. Diversified Equity Securities - Registered Inv estment 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 avail able 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 Inve stment Companies Investments in the foreign pension plan fixed income securities of foreign 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 investments in the fund as traded on an exchange in an active market and 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 invest ment As of December 31, 2017 and 2016 , the U.S. and foreign plans’ investments measured at fair value on a recurring basis were as follows: Fair Value Measurements at December 31, 2017 Total Using Fair Value Hierarchy U.S. Pension Assets Fair Value Level 1 Level 2 Level 3 Cash and cash equivalents $ 449 $ 449 $ — $ — Small capitalization common stock 1,508 1,508 — — Subtotal U.S. pension plan assets in fair value hierarchy $ 1,957 $ 1,957 $ — $ — Commingled funds measured at NAV 48,527 Pooled separate accounts measured at NAV 1,480 Total U.S. pension plan assets $ 51,964 Foreign Pension Assets Cash and cash equivalents $ 26 $ 26 $ — $ — Insurance contract 82,092 — — 82,092 Diversified equity securities - registered investment companies 9,002 — 9,002 — Fixed income - foreign registered investment companies 2,951 — 2,951 — Real estate - registered investment companies 2,428 — — 2,428 Sub-total of foreign pension assets in fair value hierarchy $ 96,499 $ 26 $ 11,953 $ 84,520 Commingled funds measured at NAV 2,123 Total foreign pension assets $ 98,622 Total pension assets in fair value hierarchy $ 98,456 $ 1,983 $ 11,953 $ 84,520 Total pension assets measured at NAV 52,130 Total pension assets $ 150,586 Fair Value Measurements at December 31, 2016 Total Using Fair Value Hierarchy U.S. Pension Assets Fair Value Level 1 Level 2 Level 3 Cash and cash equivalents $ 302 $ 302 $ — $ — Small capitalization common stock 1,279 1,279 — — Subtotal U.S. pension plan assets in fair value hierarchy $ 1,581 $ 1,581 $ — $ — Commingled funds measured at NAV 46,185 Pooled separate accounts measured at NAV 1,431 Total U.S. pension plan assets $ 49,197 Foreign Pension Assets Cash and cash equivalents $ 130 $ 130 $ — $ — Insurance contract 72,778 — — 72,778 Diversified equity securities - registered investment companies 7,308 — 7,308 — Fixed income - foreign registered investment companies 2,753 — 2,753 — Real estate - registered investment companies 2,041 — — 2,041 Subtotal foreign pension assets in fair value hierarchy $ 85,010 $ 130 $ 10,061 $ 74,819 Commingled funds measured at NAV 1,834 Total foreign pension plan assets $ 86,844 Total pension assets in fair value hierarchy $ 86,591 $ 1,711 $ 10,061 $ 74,819 Total pension assets measured at NAV 49,450 Total pension assets $ 136,041 Certain investments that are measured at fair value using the NAV per share (or its equivalent) have not bee n classified in the fair value hierarchy . The fair value amounts presented for these investments in the preceding tables are intended to permit reconciliation of the fair value hierarchies to th e line items presented in the statements of net assets available for benefits. Changes in the fair value of the foreign plans’ Level 3 investments during the years ended December 31, 2017 and 2016 were as follows: Insurance Real Estate Contract Fund Total Balance as of December 31, 2015 $ 62,409 $ 2,388 $ 64,797 Purchases 2,584 — 2,584 Settlements (1,350) — (1,350) Unrealized gains 12,005 56 12,061 Currency translation adjustment (2,870) (403) (3,273) Balance as of December 31, 2016 72,778 2,041 74,819 Purchases 2,350 — 2,350 Settlements (1,661) — (1,661) Unrealized (losses) gains (1,425) 188 (1,237) Currency translation adjustment 10,050 199 10,249 Balance as of December 31, 2017 $ 82,092 $ 2,428 $ 84,520 U.S. pension assets include Company common stock in the amounts of $1.5 million ( 3% of total U.S. plan assets) and $1.3 million ( 3% of total U.S. plan assets) a s of December 31, 2017 and 2016 , respectively. During the second quarter of 2017, the Company’s U.S. pension plan offered a cash settlement to its vested terminated participants, which allowed them to receive the value of their pension benefits as a single lump sum payment. As payments from the U.S. pension plan for this cash out offering exceeded the service and interest cost components of the U.S. pension plan expense for the year ended December 31, 2017, the Company recorded a settlement charge of approximately $1.9 million. This settlement charge represented the immediate recognition into expense of a portion of the unrecognized loss within AOCI on the balance sheet in proportion to the share of the projected benefit obligation that was settled by these payments. The gross pension benefit obligat ion was reduced by approximately $4.0 million as a result of these payments. The settlement charge was recognized through other expense, net, on the Company’s Consolidated Statements of Income. Cash Flows Contributions The Company expects to make minimum cash contributions of $9.9 million to its pension plans ( $4.6 million Domestic and $5.3 million Foreign) and approximately $0.4 million to its other postretirement benefit plan in 2018 . Estimated Future Benef it 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 2018 $ 2,205 $ 4,473 $ 6,678 $ 459 2019 2,384 4,420 6,804 441 2020 2,623 4,187 6,810 416 2021 3,322 4,159 7,481 489 2022 3,346 4,165 7,511 364 2023 to 2027 19,491 22,218 41,709 1,502 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 $1.4 million , $0.9 million and $0.9 million for the years ended December 31, 2017 , 2016 and 2015 , 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 previously paid a nonelective contribution on behalf of participants who have completed one year of service equal to 3% of the eligible parti cipants’ compensation in the form of Company common stock. During the first quarter of 2017, the Company began matching both non-elective and elective 401(k) contributions in cash, rather than stock. Total Company contributions were $2.9 million , $2.7 million and $2.6 million for the years ended December 31, 2017 , 2016 and 2015 , respectively. |