Pension And Other Postretirement Benefits Disclosure [Text Block] | Note 20 – 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, 2018 and 2017 : Other Post- Pension Benefits Retirement Benefits 2018 2017 2018 2017 Change in benefit obligation Foreign U.S. Total Foreign U.S. Total U.S. U.S. Gross benefit obligation at beginning of year $ 118,352 $ 62,977 $ 181,329 $ 103,491 $ 67,254 $ 170,745 $ 4,729 $ 4,730 Service cost 3,426 383 3,809 3,219 337 3,556 7 8 Interest cost 2,254 1,847 4,101 2,066 1,932 3,998 130 144 Employee contributions 73 — 73 68 — 68 — — Plan settlements (10) — (10) — (4,341) (4,341) — — Benefits paid (1,639) (4,330) (5,969) (2,503) (4,031) (6,534) (317) (448) Plan expenses and premiums paid (161) — (161) (210) — (210) — — Actuarial (gain) loss (5,561) (2,143) (7,704) (1,164) 1,826 662 (443) 295 Translation differences and other (5,418) — (5,418) 13,385 — 13,385 — — Gross benefit obligation at end of year $ 111,316 $ 58,734 $ 170,050 $ 118,352 $ 62,977 $ 181,329 $ 4,106 $ 4,729 Change in plan assets Fair value of plan assets at year beginning of year $ 98,622 $ 51,964 $ 150,586 $ 86,844 $ 49,197 $ 136,041 $ — $ — Actual return on plan assets (2,670) 457 (2,213) 116 6,865 6,981 — — Employer contributions 5,269 1,574 6,843 2,867 4,574 7,441 317 448 Employee contributions 73 — 73 68 — 68 — — Plan settlements (10) — (10) — (4,341) (4,341) — — Benefits paid (1,639) (4,330) (5,969) (2,503) (4,031) (6,534) (317) (448) Plan expenses and premiums paid (161) (250) (411) (210) (300) (510) — — Translation differences (4,658) — (4,658) 11,440 — 11,440 — — Fair value of plan assets at end of year $ 94,826 $ 49,415 $ 144,241 $ 98,622 $ 51,964 $ 150,586 $ — $ — Net benefit obligation recognized $ (16,490) $ (9,319) $ (25,809) $ (19,730) $ (11,013) $ (30,743) $ (4,106) $ (4,729) Amounts recognized in the balance sheet consist of: Non-current assets $ — $ 3,656 $ 3,656 $ — $ 1,184 $ 1,184 $ — $ — Current liabilities (206) (559) (765) (89) (560) (649) (446) (459) Non-current liabilities (16,284) (12,416) (28,700) (19,641) (11,637) (31,278) (3,660) (4,270) Net benefit obligation recognized $ (16,490) $ (9,319) $ (25,809) $ (19,730) $ (11,013) $ (30,743) $ (4,106) $ (4,729) Amounts not yet reflected in net periodic benefit costs and included in accumulated other comprehensive loss: Prior service credit (cost) $ 1,497 $ — $ 1,497 $ 1,744 $ (59) $ 1,685 $ — $ — Accumulated loss (20,089) (25,310) (45,399) (22,598) (27,133) (49,731) (338) (823) AOCI (18,592) (25,310) (43,902) (20,854) (27,192) (48,046) (338) (823) Cumulative employer contributions in excess of or (below) net periodic benefit cost 2,102 15,991 18,093 1,124 16,179 17,303 (3,768) (3,906) Net benefit obligation recognized $ (16,490) $ (9,319) $ (25,809) $ (19,730) $ (11,013) $ (30,743) $ (4,106) $ (4,729) The accumulated benefit obligation for all defined benefit pension plans was $165.3 million ( $57.6 million U.S. and $107.7 million Foreign) and $176.3 million ( $62.2 million U.S. and approximately $114.1 million Foreign ) a s of December 31, 2018 and 2017 , respectively. Information for pension plans with an accumulated benefit obligation in excess of plan assets: 2018 2017 Foreign U.S. Total Foreign U.S. Total Projected benefit obligation $ 111,316 $ 12,975 $ 124,291 $ 118,352 $ 12,197 $ 130,549 Accumulated benefit obligation 107,685 11,808 119,493 114,069 11,456 125,525 Fair value of plan assets 94,826 — 94,826 98,622 — 98,622 Information for pension plans with a projected benefit obligation in excess of plan assets: 2018 2017 Foreign U.S. Total Foreign U.S. Total Projected benefit obligation $ 111,316 $ 12,975 $ 124,291 $ 118,352 $ 12,197 $ 130,549 Fair value of plan assets 94,826 — 94,826 98,622 — 98,622 Components of net periodic benefit costs – pension plans: 2018 2017 Foreign U.S. Total Foreign U.S. Total Service cost $ 3,426 $ 383 $ 3,809 $ 3,219 $ 337 $ 3,556 Interest cost 2,254 1,847 4,101 2,066 1,932 3,998 Expected return on plan assets (2,228) (2,803) (5,031) (1,994) (3,067) (5,061) Settlement loss 2 — 2 — 1,946 1,946 Actuarial loss amortization 881 2,276 3,157 862 2,396 3,258 Prior service (credit) cost amortization (175) 59 (116) (167) 63 (104) Net periodic benefit cost $ 4,160 $ 1,762 $ 5,922 $ 3,986 $ 3,607 $ 7,593 2016 Foreign U.S. Total Service cost $ 2,378 $ 298 $ 2,676 Interest cost 2,314 2,114 4,428 Expected return on plan assets (2,026) (3,316) (5,342) Actuarial loss amortization 839 2,336 3,175 Prior service (credit) cost amortization (164) 63 (101) Net periodic benefit cost $ 3,341 $ 1,495 $ 4,836 Other changes recognized in other comprehensive income – pension plans : 2018 2017 Foreign U.S. Total Foreign U.S. Total Net (gain) loss arising during the period $ (663) $ 453 $ (210) $ 715 $ (1,672) $ (957) Recognition of amortization in net periodic benefit cost Prior service credit (cost) 175 (59) 116 167 (63) 104 Actuarial loss (883) (2,276) (3,159) (862) (4,342) (5,204) Effect of exchange rates on amounts included in AOCI (890) — (890) 2,308 — 2,308 Total recognized in other comprehensive (income) loss (2,261) (1,882) (4,143) 2,328 (6,077) (3,749) Total recognized in net periodic benefit cost and other comprehensive loss (income) $ 1,899 $ (120) $ 1,779 $ 6,314 $ (2,470) $ 3,844 2016 Foreign U.S. Total Net gain arising during period $ 2,401 $ 3,576 $ 5,977 Recognition of amortization in net periodic benefit Prior service credit (cost) 164 (63) 101 Actuarial loss (839) (2,336) (3,175) Effect of exchange rates on amounts included in AOCI (1,347) — (1,347) Total recognized in other comprehensive loss 379 1,177 1,556 Total recognized in net periodic benefit cost and other comprehensive loss $ 3,720 $ 2,672 $ 6,392 Components of net periodic benefit costs – other postretirement plan : 2018 2017 2016 Service cost $ 7 $ 8 $ 10 Interest cost 130 144 142 Actuarial loss amortization 42 54 — Net periodic benefit costs $ 179 $ 206 $ 152 Other changes recognized in other comprehensive income – other postretirement benefit plans: 2018 2017 2016 Net (gain) loss arising during period $ (443) $ 295 $ (401) Amortization of actuarial loss in net periodic benefit costs (42) (54) — Total recognized in other comprehensive (income) loss (485) 241 (401) Total recognized in net periodic benefit cost and other comprehensive (income) loss $ (306) $ 447 $ (249) Estimated amounts that will be amortized from accumulated other comprehensive loss over the next fiscal year : Other Post- Pension Plans Retirement Foreign U.S. Total Benefits Actuarial loss $ 769 $ 2,330 $ 3,099 $ — Prior service credit (169) — (169) — $ 600 $ 2,330 $ 2,930 $ — Weighted-average assumptions used to determine benefit obligations a s of December 31, 2018 and 2017 : Other Postretirement Pension Benefits Benefits 2018 2017 2018 2017 U.S. Plans: Discount rate 4.07 % 3.44 % 4.03 % 3.39 % Rate of compensation increase 3.63 % 3.63 % N/A N/A Foreign Plans: Discount rate 2.47 % 2.31 % N/A N/A Rate of compensation increase 2.89 % 2.89 % N/A N/A Weighted-average assumptions used to determine net periodic benefit costs for the years ended December 31, 2018 and 2017 : Other Postretirement Pension Benefits Benefits 2018 2017 2018 2017 U.S. Plans: Discount rate 3.44 % 3.88 % 3.39 % 3.73 % Expected long-term return on plan assets 5.95 % 7.00 % N/A N/A Rate of compensation increase 3.63 % 3.63 % N/A N/A Foreign Plans: Discount rate 2.33 % 2.17 % N/A N/A Expected long-term return on plan assets 2.22 % 2.12 % N/A N/A Rate of compensation increase 2.89 % 2.48 % 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, 2018 and 2017 : 2018 2017 Health care cost trend rate for next year 6.20 % 6.40 % 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 $ 11 $ (9) Effect on postretirement benefit obligations 299 (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, 2018 and 2017 by asset category were as follows: Asset Category Target 2018 2017 U.S. Plans Equity securities 10 % 9 % 59 % Debt securities 89 % 90 % 40 % Other 1 % 1 % 1 % Total 100 % 100 % 100 % Foreign Plans Equity securities and other 24 % 24 % 25 % Debt securities 76 % 76 % 75 % Total 100 % 100 % 100 % During the year ended December 31, 2018 , the Company elected to adjust its U.S. Plans ’ asset allocation along a glide path based on the funded status of the U.S. Plan. As funded status improved, the assets were allocated more heavily to debt securities with lengthened duration to match projected liability movements. As of December 31, 2018 and 2017 , “Other” consisted principally of cash and cash equivalents (approximately 1% of plan assets in each respective period). The follo wing 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 eq uivalents consist of cash and money market funds and are classified 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 Inve stments in the U.S. pension plan and foreign pension plan commingled 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 the se investments are valued using their net asset value (“NAV”), which is generally based on the underlying asset values of the pooled investments held in the trusts. As of December 31, 2018 , the U.S. pension plan commingled funds include d approximately 10 percent of investments in equity securities and 90 percent of investments in fixed income securities. As of December 31, 2018 , foreign pension plan commingled funds include d approximately 30 percent of investments in equity secur ities, 60 percent of investments in fixed income securities, and 10 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 contr acts and are valued based on the reported unit value 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 pen sion 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 classified as a Level 3 investment . Diversified Equity Securities - Registered Investment Companies Investments in the foreign pension plan s diversified equity securities of registered investment companies are based upon the quoted redemption value of shares in the fund owned by the plan a t 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 in vestments. Fixed Income – Foreign Registered Investment Companies Investments in the foreign pension plan s 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 class ified as a Level 3 investment . As of December 31, 2018 and 2017 , the U.S. and foreign plans’ investments measured at fair value on a recurring basis were as follows: Fair Value Measurements at December 31, 2018 Total Using Fair Value Hierarchy U.S. Pension Assets Fair Value Level 1 Level 2 Level 3 Cash and cash equivalents $ 450 $ 450 $ — $ — Subtotal U.S. pension plan assets in fair value hierarchy $ 450 $ 450 $ — $ — Commingled funds measured at NAV 48,965 Total U.S. pension plan assets $ 49,415 Foreign Pension Assets Cash and cash equivalents $ 209 $ 209 $ — $ — Insurance contract 79,873 — — 79,873 Diversified equity securities - registered investment companies 7,701 — 7,701 — Fixed income - foreign registered investment companies 2,658 — 2,658 — Real estate - registered investment companies 2,382 — — 2,382 Sub-total of foreign pension assets in fair value hierarchy $ 92,823 $ 209 $ 10,359 $ 82,255 Commingled funds measured at NAV 2,003 Total foreign pension assets $ 94,826 Total pension assets in fair value hierarchy $ 93,273 $ 659 $ 10,359 $ 82,255 Total pension assets measured at NAV 50,968 Total pension assets $ 144,241 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 Subtotal foreign pension assets in fair value hierarchy $ 96,499 $ 26 $ 11,953 $ 84,520 Commingled funds measured at NAV 2,123 Total foreign pension plan 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 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, 2018 and 2017 were as follows: Insurance Real Estate Contract Fund Total 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 Purchases 4,707 — 4,707 Settlements (1,399) — (1,399) Unrealized (losses) gains (1,817) 94 (1,723) Currency translation adjustment (3,710) (140) (3,850) Balance as of December 31, 2018 $ 79,873 $ 2,382 $ 82,255 U.S. pension assets include Company common stock in the amount of $1.5 million ( 3% of total U.S. plan assets) a s of December 31, 2017 . During the second quarter of 2017, the Company’s primary noncontributory U.S. pension plan (the “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. P ension P lan for this cash out offering exceeded the service and int erest cost components of the U.S. P ension P lan 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 obligation was reduced by approximately $4.0 million as a result of these p ayments. The settlement charge was recognized through other expense, net, on the Company’s Consolidated Statements of Income. In the fourth quarter of 2018, the Company began the process of terminating the U.S. Pension Plan after receiving Board of Direct or approval to do so . Prior to December 31, 2005, the U.S. Pension Plan covered substantially all employees of the Company’s U.S. subsidiary who had at least one year of eligible service and had attained age 21. Effective December 31, 2005, the U.S. Pens ion Plan was amended to freeze benefit accruals with respect to participants who were not part of a collective bargaining unit and effective after November 30, 2013, the U.S. Pension Plan was further amended to freeze benefit accruals for the remaining mem bers of a collective bargaining unit. U.S. Pension Plan participants will have their benefits either converted into a lump sum cash payment or an annuity contract placed with an insurance carrier. The U.S. Pension Plan is fully-funded on a U.S. GAAP basi s. In order to terminate the plan in accordance with IRS and pension benefit guaranty corporation requirements, the Company will be required to fully fund the plan on a termination basis and will commit to contribute the additional assets necessary, if an y, to do so. The amount necessary to do so is not yet known but is currently estimated to be between $0 and $ 10 million. In addition, the Company expects to record a pension settlement charge at plan termination. This settlement charge will include the immediate recognition into expense of the unrecognized losses within AOCI on the balance sheet as of the plan termination date. The Company does not have a current estimate for this future settlement charge , however, the gross AOCI related to this plan wa s approximately $19 million as of December 31, 2018 . The Company currently estimates that the U.S. Pension Plan termination will be completed during 2020. Cash Flows Contributions The Company expects to make minimum cash contributions of approximately $5.2 million to its pension plans ( approximately $0.5 million U.S. and $4.7 million Foreign) and approximately $0.4 million to its other postretirement benefit plan in 2019 . Estimated Future Benefit Payments Excluding any impact related to the U.S. Pension Plan termination process noted above, t he following benefit payments, which reflect expected future service, as appropriate, are expected to be paid: Other Post- Pension Benefits Retirement Foreign U.S. Total Benefits 2019 $ 2,240 $ 4,515 $ 6,755 $ 446 2020 2,443 4,286 6,729 422 2021 3,166 4,220 7,386 393 2022 3,124 4,237 7,361 367 2023 3,336 4,860 8,196 349 2024 to 2028 19,212 22,107 41,319 1,380 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 $1.6 million , $1.4 million and $0.9 million for the years ended December 31, 2018 , 2017 and 2016 , respectively, representing the annual accrued benefits under this plan. Defined Contributi on Plan The Company has a 401(k) plan with an employer match covering a majority of its U.S. employees. The plan allows for and the Company previously paid a nonelective contribution on behalf of participants who have completed one year of service equ al to 3% of the eligible participants’ 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 contributi ons were $3.1 million, $2.9 million and $2.7 million for the years ended December 31, 2018 , 2017 and 2016 , respectively. |