Compensation and Retirement Disclosure [Abstract] | Period [Axis] |
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2016-01-01 - 2016-12-31 |
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Compensation and Retirement Disclosure [Abstract] | |
Schedule of Changes in Projected Benefit Obligations | A reconciliation of the changes in projected benefit obligations (“PBO”) for our pension plans is as follows: | | | | | | | | | | | | Year Ended December 31, | (In thousands) | | 2016 | | 2015 | Benefit obligation at beginning of year | | $ | 116,068 |
| | $ | 124,362 |
| Service cost | | 4,562 |
| | 5,375 |
| Interest cost | | 2,254 |
| | 1,946 |
| Actuarial loss (gain) | | 24,393 |
| | (2,163 | ) | Benefits and expenses paid | | (1,349 | ) | | (1,184 | ) | Plan participants’ contribution | | 563 |
| | 641 |
| Foreign exchange rate changes | | (5,068 | ) | | (12,909 | ) | Other: curtailment gain | | (9,209 | ) | | — |
| Benefit obligation at end of year | | $ | 132,214 |
| | $ | 116,068 |
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Schedule of Changes in Fair Value of Plan Assets | A reconciliation of the changes in fair value of plan assets is as follows: | | | | | | | | | | | | Year Ended December 31, | (In thousands) | | 2016 | | 2015 | Fair value of plan assets at beginning of year | | $ | 115,165 |
| | $ | 125,591 |
| Actual return on plan assets | | 20,588 |
| | (1,790 | ) | Employer contribution | | 5,639 |
| | 4,868 |
| Benefits paid | | (938 | ) | | (813 | ) | Plan participants’ contributions | | 563 |
| | 635 |
| Expenses paid | | (411 | ) | | (371 | ) | Foreign exchange rate changes | | (3,937 | ) | | (12,955 | ) | Fair value of plan assets at end of year | | $ | 136,669 |
| | $ | 115,165 |
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Schedule of Net Funded Status | The funded status of the plans is as follows: | | | | | | | | | | | | Year Ended December 31, | (In thousands) | | 2016 | | 2015 | Funded status | | $ | 4,455 |
| | $ | (903 | ) |
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Schedule of Amounts Recognized in Balance Sheet | Amounts recognized in the Consolidated Balance Sheets consist of: | | | | | | | | | | | | Year Ended December 31, | (In thousands) | | 2016 | | 2015 | Other assets - noncurrent | | $ | 4,455 |
| | $ | 938 |
| Other liabilities - noncurrent | | — |
| | (1,841 | ) | Net pension asset (liability) | | 4,455 |
| | (903 | ) | Accumulated other comprehensive loss recognized in financial statements | | 14,329 |
| | 20,351 |
| Net amount recognized | | $ | 18,784 |
| | $ | 19,448 |
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Schedule of Amounts Recognized in Other Comprehensive Income (Loss) | Amounts recognized in AOCL consist of: | | | | | | | | | | | | Year Ended December 31, | (In thousands) | | 2016 | | 2015 | Net loss | | $ | (14,329 | ) | | $ | (20,572 | ) | Prior service credit | | — |
| | 221 |
| Accumulated other comprehensive income (loss) | | $ | (14,329 | ) | | $ | (20,351 | ) |
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Schedule of Net Benefit Costs | Pension cost includes the following components: | | | | | | | | | | | | | | | | Year Ended December 31, | (In thousands) | | 2016 | | 2015 | | 2014 | Service cost | | $ | 4,562 |
| | $ | 5,375 |
| | $ | 4,819 |
| Interest cost | | 2,254 |
| | 1,946 |
| | 2,601 |
| Expected return on plan assets | | (1,806 | ) | | (1,773 | ) | | (2,625 | ) | Amortization of prior service credit | | (18 | ) | | (18 | ) | | (16 | ) | Amortization net actuarial loss | | 757 |
| | 755 |
| | 1,077 |
| Net curtailment gain | | (201 | ) | | — |
| | (66 | ) | Net pension expense | | $ | 5,548 |
| | $ | 6,285 |
| | $ | 5,790 |
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Schedule of Accumulated and Projected Benefit Obligations | Disaggregated information regarding our pension plans is summarized below: | | | | | | | | | | | | Year Ended December 31, | (In thousands) | | 2016 | | 2015 | Projected benefit obligation | | $ | 132,214 |
| | $ | 116,068 |
| Accumulated benefit obligation | | 132,214 |
| | 111,366 |
| Fair value of plan assets | | 136,669 |
| | 115,165 |
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Schedule of Assumptions Used | The key assumptions for the plans are summarized below: | | | | | | | | | | Year Ended December 31, | Weighted Average Assumptions Used to Determine Benefit Obligations | | 2016 | | 2015 | Discount rate | | 1.15% to 1.42% |
| | 2.6% to 2.9% |
| Rate of compensation increase | | 3.6 | % | | 3.6 | % |
| | | | | | | | | | | | | Year Ended December 31, | Weighted Average Assumptions Used to Determine Net Periodic Benefit Cost | | 2016 | | 2015 | | 2014 | Discount rate | | 1.15% to 1.42% |
| | 2.6% to 2.9% |
| | 2.7% to 3.9% |
| Expected long-term return on plan assets | | 1.03% to 1.06% |
| | 1.3 | % | | 2.7% to 2.8% |
| Rate of compensation increase | | 3.6 | % | | 3.6 | % | | 3.6 | % |
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Schedule of Allocation of Plan Assets | The actual fair value of our pension plans as of December 31, 2016 and 2015 is as follows: | | | | | | | | | | | | | | | | | | | | | | Estimated Fair Value Measurements | (In thousands) | | Carrying Amount | | Quoted Prices in Active Markets (Level 1) | | Significant Other Observable Inputs (Level 2) | | Significant Unobservable Inputs (Level 3) | December 31, 2016 | | | | | | | | | Fixed Income securities: | | | | | | | | | Corporate Bonds | | $ | 36,089 |
| | $ | — |
| | $ | 36,089 |
| | $ | — |
| Other | | 100,580 |
| | — |
| | — |
| | 100,580 |
| Total | | $ | 136,669 |
| | $ | — |
| | $ | 36,089 |
| | $ | 100,580 |
| | | | | | | | | | December 31, 2015 | | | | | | | | | Fixed Income securities: | | | | | | | | | Corporate Bonds | | $ | 28,228 |
| | $ | — |
| | $ | 28,228 |
| | $ | — |
| Other | | 86,937 |
| | — |
| | — |
| | 86,937 |
| Total | | $ | 115,165 |
| | $ | — |
| | $ | 28,228 |
| | $ | 86,937 |
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Schedule of Effect of Significant Unobservable Inputs, Changes in Plan Assets | The following table details the activity related to these investments during the year. | | | | | | | | Market Value | Balance as of December 31, 2014 | | $ | 93,115 |
| Assets sold/benefits paid | | (791 | ) | Return on plan assets | | (5,387 | ) | Balance as of December 31, 2015 | | 86,937 |
| Assets sold/benefits paid | | $ | (938 | ) | Return on plan assets | | 14,581 |
| Balance at December 31, 2016 | | $ | 100,580 |
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Schedule of Expected Benefit Payments | The following table summarizes our benefit payments at December 31, 2016 estimated to be paid within the next ten years: | | | | | | | | | | | | | | | | | | | | | | | | | | Payments by Period | | Total | | 2017 | | 2018 | | 2019 | | 2020 | | 2021 | | Five Years Thereafter | Estimated benefit payments | $ | 20,561 |
| | 1,022 |
| | 1,205 |
| | 1,395 |
| | 1,570 |
| | 1,766 |
| | 13,603 |
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