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Component: (Network and Table)
Network
1041 - Disclosure - Employee Benefit Plans (Tables)
(http://www.acadiahealthcare.com/taxonomy/role/NotesToFinancialStatementsPensionAndOtherPostretirementBenefitsDisclosureTextBlockTables)
Table(Implied)
Slicers (applies to each fact value in each table cell)
Reporting Entity [Axis]0001520697 (http://www.sec.gov/CIK)
Compensation and Retirement Disclosure [Abstract]Period [Axis]
2016-01-01 - 2016-12-31
Compensation and Retirement Disclosure [Abstract]
 
Summary of Funded Status (Unfunded Liability) of Partnerships in Care Pension Plan Based Upon Actuarial Valuations

The following table summarizes the funded status (unfunded liability) of the Partnerships in Care Pension Plan based upon actuarial valuations prepared as of December 31, 2016 and 2015 (in thousands):

 

     2016      2015  

Projected benefit obligation

    $ 64,162       $ 58,107   

Fair value of plan assets

      53,462         55,286   
  

 

 

     

 

 

  

Unfunded liability

    $ 10,700       $ 2,821   
  

 

 

     

 

 

  
  
Summary of Changes in Partnerships in Care Pension Plan Net Pension Liability

The following table summarizes changes in the Partnerships in Care Pension Plan net pension liability as of December 31, 2016 and 2015 (in thousands):

 

     2016      2015  

Net pension liability at beginning of period

    $ 2,821       $ 9,554   

Employer contributions

      (740 )       (1,217 ) 

Net pension expense (benefit)

      339         (419 ) 

Pension liability adjustment

      8,781         (4,661 ) 

Foreign currency translation loss

      (501 )       (436 ) 
  

 

 

     

 

 

  

Net pension liability at end of period

    $ 10,700       $ 2,821   
  

 

 

     

 

 

  
  
Summary of Assumptions Used to Determine Plan Benefit obligation

A pension liability of $10.7 million and $2.8 million were recorded within other liabilities on the consolidated balance sheet as of December 31, 2016 and 2015. The following assumptions were used to determine the plan benefit obligation:

 

Discount rate

      2.7 %      3.8 % 

Compensation increase rate

      2.4 %      2.2 % 

Measurement date

      December 31, 2016        December 31, 2015   

 

Assumptions used to determine the net periodic pension plan expense for the year ended December 31, 2016 and 2015 were as follows:

 

     2016     2015  

Discount rate

      2.7 %      3.8 % 

Expected long-term rate of return on plan assets

      2.7 %      3.8 % 
  
Summary of Components of Net Pension Plan Expense

A summary of the components of net pension plan expense for the year ended December 31, 2016 and 2015 is as follows (in thousands):

 

     2016      2015  

Interest cost on projected benefit obligation

    $ 1,964      $ 2,369  

Service cost on projected benefit obligation

      —          616  

Curtailments on projected benefit obligation

      —          (1,373 ) 

Expected return on assets

      (1,625 )       (2,031 ) 
  

 

 

     

 

 

  

Total pension plan expense (benefit)

    $ 339      $ (419 ) 

  
Schedule of Weighted-Average Asset Allocation by Asset Category in Partnerships in Care Pension Plan

The Partnerships in Care Pension Plan’s weighted-average asset allocations by asset category as of December 31, 2016 and 2015 were as follows:

 

     December 31, 2016     December 31, 2015  

Cash and cash equivalents

      1.5 %      1.7 % 

U.K. government obligation

      14.5 %      3.8 % 

Annuity contracts

      41.6 %      46.5 % 

Equity securities

      26.3 %      35.7 % 

Debt securities

      12.1 %      8.5 % 

Other

      4.0 %      3.8 %