v3.3.1.900
Defined benefit plan (Tables)
12 Months Ended
Dec. 31, 2015
Defined benefit plan  
Schedule of components of net annual periodic pension cost

 

 

 

 

 

 

 

 

 

    

2015

    

2014

 

Service cost benefits earned

 

$

0.9

 

$

0.8

 

Interest cost on benefit obligation

 

 

0.7

 

 

0.7

 

Expected return on plan assets

 

 

(0.9)

 

 

(0.8)

 

Gain amortization

 

 

 

 

 

Net period benefit cost

 

$

0.7

 

$

0.7

 

 

Schedule of comparison of the pension benefit obligation and related plan assets

 

 

 

 

 

 

 

 

 

    

2015

    

2014

 

Benefit obligation at January 1

 

$

(16.2)

 

$

(14.5)

 

Service cost

 

 

(0.9)

 

 

(0.8)

 

Interest cost

 

 

(0.7)

 

 

(0.7)

 

Actuarial (gain) loss

 

 

2.2

 

 

(3.3)

 

Employee contributions

 

 

(0.1)

 

 

(0.1)

 

Benefits paid

 

 

0.7

 

 

0.1

 

Foreign currency translation adjustment

 

 

(0.1)

 

 

(0.1)

 

Benefit obligation at December 31

 

 

(15.0)

 

 

(19.4)

 

Fair value of plan assets at January 1

 

$

13.6

 

$

13.8

 

Actual return on plan assets

 

 

1.0

 

 

1.7

 

Employer contributions

 

 

0.5

 

 

0.7

 

Employee contributions

 

 

0.1

 

 

0.1

 

Benefits paid

 

 

(0.7)

 

 

(0.1)

 

Foreign currency translation adjustment

 

 

(0.1)

 

 

0.1

 

Fair value of plan assets at December 31

 

 

14.4

 

 

16.3

 

Funded status at December 31-excess of obligation over assets

 

$

(0.6)

 

$

(3.1)

 

 

Schedule of amount recognized in the balance sheet

 

 

 

 

 

 

 

 

 

    

2015

    

2014

 

Non-current liabilities

 

$

0.6

 

$

3.1

 

 

Schedule of amounts recognized in accumulated OCI that have not yet been recognized as components of net periodic benefit cost

 

 

 

 

 

 

 

 

 

    

2015

    

2014

 

Unrecognized loss

 

$

1.6

 

$

1.7

 

 

Schedule of significant components of pension plan

 

 

 

 

 

 

 

 

 

    

2015

    

2014

 

Projected benefit obligation

 

$

15.0

 

$

19.4

 

Accumulated benefit obligation

 

 

12.6

 

 

15.4

 

Fair value of plan assets

 

 

14.4

 

 

16.3

 

 

Schedule of significant assumptions used to calculate benefit obligations

 

 

 

 

 

 

 

    

2015

 

2014

 

Weighted-Average Assumptions

 

 

 

 

 

Discount rate

 

4.3

%

4.0

%

Rate of compensation increase

 

3.0

%

4.0

%

 

Schedule of significant assumptions used to calculate benefit expense

 

 

 

 

 

 

 

    

2015

    

2014

 

Weighted-Average Assumptions

 

 

 

 

 

Discount rate

 

4.0

%

5.0

%

Rate of return on plan assets

 

6.0

%

6.0

%

Rate of compensation increase

 

4.0

%

4.0

%

 

Schedule of pension plan assets weighted average allocations in the common collective trust

 

 

 

 

 

 

 

    

2015

    

2014

 

Canadian equity

 

29

%

30

%

U.S. equity

 

14

%

14

%

International equity

 

14

%

13

%

Canadian fixed income

 

40

%

40

%

International fixed income

 

3

%

3

%

 

 

100

%

100

%

 

Schedule of expected future benefit payments

 

 

 

 

 

 

    

2015

 

2016

 

Cdn$

0.2

 

2017

 

 

0.3

 

2018

 

 

0.4

 

2019

 

 

0.5

 

2020

 

 

0.6

 

2021-2024

 

 

4.5