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Retirement Plans (Tables) | 12 Months Ended
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Dec. 31, 2019
Retirement Benefits [Abstract] |
Schedule of Components of Net Periodic Cost for Employees | Components of total net periodic pension cost for the years ended December 31 were as follows:
(in millions) | 2019 |  | 2018 |  | 2017
Service cost | $ | 0.9 |  |  | $ | 1.0 |  |  | $ | 0.9 |
Interest cost | 1.2 |  |  | 1.1 |  |  | 1.2 |
Expected return on assets | (1.3 | ) |  | (1.5 | ) |  | (1.5 | )
Amortization of prior service cost | 0.1 |  |  | 0.1 |  |  | 0.1 |
Amortization of net gain | 0.1 |  |  | — |  |  | — |
Net periodic pension cost | $ | 1.0 |  |  | $ | 0.7 |  |  | $ | 0.7 |
Schedule of Other Changes in Plan Assets and Benefit Obligations Recognized in Accumulated Other Comprehensive Income | The other changes in plan assets and benefit obligations recognized in other comprehensive loss, before tax effects, for the years ended December 31 were:
(in millions) | 2019 |  | 2018 |  | 2017
Net loss | $ | 2.2 |  |  | $ | 0.6 |  |  | $ | 0.4 |
New prior service cost | 0.6 |  |  | 0.1 |  |  | 0.5 |
Amortization of prior service cost | (0.1 | ) |  | (0.1 | ) |  | (0.1 | )
Amortization or settlement recognition of net loss | (0.1 | ) |  | — |  |  | — |
Total recognized in other comprehensive loss | $ | 2.6 |  |  | $ | 0.6 |  |  | $ | 0.8 |
Schedule of Weighted-Average Assumptions Used in Calculating Net Periodic Benefit Costs | The following assumptions, calculated on a weighted-average basis, were used to determine net periodic pension cost for the Company’s Plans for the years ended December 31:
| 2019 |  | 2018 |  | 2017
Discount rate (a) | 4.10 | % |  | 3.58 | % |  | 4.07 | %
Expected long-term return on plan assets | 6.16 | % |  | 6.25 | % |  | 6.64 | %
(a) The discount rates used in 2019 to determine the expenses for the U.S. retirement plan and Canadian retirement plan were 4.16% and 3.90%, respectively. The discount rates used in 2018 to determine the expenses for the U.S. retirement plan and Canadian retirement plan were 3.54% and 3.70%, respectively.
Schedule of Funded Status of the Pension Plans | The measurement date for the Company's Plans is December 31. The funded status of the Plans as of December 31 was as follows:
(in millions) | 2019 |  | 2018
Change in Benefit Obligation: |  |  |
Projected benefit obligation at beginning of year | $ | 30.0 |  |  | $ | 32.1 |
Service cost | 0.9 |  |  | 1.0 |
Interest cost | 1.2 |  |  | 1.1 |
Plan amendments | 0.5 |  |  | 0.1 |
Actuarial (gain) loss | 5.5 |  |  | (3.0 | )
Benefits paid | (1.3 | ) |  | (0.9 | )
Expenses paid | (0.1 | ) |  | (0.1 | )
Foreign currency exchange rate changes | 0.2 |  |  | (0.3 | )
Projected benefit obligation at end of year | $ | 36.9 |  |  | $ | 30.0 |
Change in Plan Assets: |  |  |
Fair value of plan assets at beginning of year | $ | 22.2 |  |  | $ | 25.3 |
Actual return on plan assets | 4.6 |  |  | (2.1 | )
Employer contribution | 1.4 |  |  | 0.3 |
Benefits paid | (1.3 | ) |  | (0.9 | )
Expenses paid | (0.1 | ) |  | (0.1 | )
Foreign currency exchange rate changes | 0.2 |  |  | (0.3 | )
Fair value of plan assets at end of year | $ | 27.0 |  |  | $ | 22.2 |
Funded status | $ | (9.9 | ) |  | $ | (7.8 | )
Schedule of Amounts Recognized in the Consolidated Balance Sheet and the Accumulated Benefit Obligation and Fair Value of Assets | The following table represents amounts recorded in the Consolidated Balance Sheets:
| December 31,
(in millions) | 2019 |  | 2018
Amounts recognized in the Consolidated Balance Sheets: |  |  |
Non-current benefit liability | $ | 10.0 |  |  | $ | 8.1 |
Non-current benefit asset | 0.1 |  |  | 0.3 |
Schedule of Weighted-Average Assumptions Used in Calculating Benefit Obligations | The following assumption, calculated on a weighted-average basis, was used to determine benefit obligations for the Company’s defined benefit pension plans as of December 31:
| 2019 |  | 2018
Discount rate (a) | 3.16 | % |  | 4.13 | %
(a) | The discount rates used in 2019 to determine the benefit obligations for the U.S. retirement plan and Canadian retirement plan were 3.15% and 3.20%, respectively. The discount rates used in 2018 to determine the benefit obligations for the U.S. and Canadian defined benefit pension plans were 4.16% and 3.90%, respectively.
Schedule of Estimated Future Benefit Payments | The following table presents estimated future benefit payments:
(in millions) |
Fiscal 2020 | $ | 1.1 |
Fiscal 2021 | 1.1 |
Fiscal 2022 | 1.2 |
Fiscal 2023 | 1.2 |
Fiscal 2024 | 1.3 |
Fiscal 2025 ‑ Fiscal 2028 | 8.0 |
Schedule of Target and Actual Asset Allocations | Target and actual asset allocations are as follows:
| 2019 Target |  | 2019 Actual
Common/collective trust consisting primarily of: |  |  |
Equity securities | 60.0 | % |  | 55.7 | %
Debt securities | 40.0 | % |  | 44.0 | %
Other | — | % |  | 0.3 | %
Total plan assets | 100.0 | % |  | 100.0 | %
Schedule of Fair Value of Pension Plan Assets by Asset Category | The fair value of the Company’s plan assets, all valued at NAV, at December 31 by asset category was as follows:
(in millions) | 2019 |  | 2018
Asset Category |  |  |
Common/collective trust |  |  |
U.S. equity | $ | 5.5 |  |  | $ | 14.1 |
International equity | 9.5 |  |  | 3.6 |
Total equity based funds | 15.0 |  |  | 17.7 |
Common/collective trust - fixed income | 11.9 |  |  | 4.4 |
Money market funds | 0.1 |  |  | 0.1 |
Total | $ | 27.0 |  |  | $ | 22.2 |
Schedule of Expenses Related to the Multi-employer Benefit Plans | The expense recognized by the Company for such contributions for the years ended December 31 was follows:
(in millions) | 2019 |  | 2018 |  | 2017
Multi‑employer retirement plan expense | $ | 4.3 |  |  | $ | 3.9 |  |  | $ | 4.3 |
Multi‑employer health and welfare plan expense | 3.8 |  |  | 3.6 |  |  | 3.5 |
Schedule of Information Regarding Multi-employer Pension Plans | The following table presents information regarding the multi‑employer pension plans that are significant to the Company for the years ended December 31, 2019 and 2018, respectively:
Pension Fund |  | EIN/Pension Plan Number |  | Date of Plan Year-End |  | Pension Protection Act Zone Status(1) 2019 |  | FIP/RP Status Pending/Implemented(2) |  | Contributions of the Company in 2019 |  | Surcharge Imposed(3) |  | Expiration Date of Collective Bargaining Agreement |  | Year Contributions to Plan Exceeded More than 5 Percent of Total Contributions
(in millions) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
United Furniture Workers Pension Fund A(4) |  | 13-5511877-001 |  | 2/28/19 |  | Red |  | Implemented |  | $ | 1.1 |  |  | No |  | 2020 |  | 2017, 2018, 2019
Pension Plan of the National Retirement Fund |  | 13-6130178-001 |  | 12/31/18 |  | Red |  | Implemented |  | $ | 1.0 |  |  | Yes, 10.0% |  | 2022 |  | N/A
Central States, Southeast & Southwest Areas Pension Plan |  | 36-6044243-001 |  | 12/31/18 |  | Red |  | Implemented |  | $ | 0.8 |  |  | Yes, 10.0% |  | 2021 |  | N/A
Pension Fund |  | EIN/Pension Plan Number |  | Date of Plan Year-End |  | Pension Protection Act Zone Status(1) 2018 |  | FIP/RP Status Pending/Implemented(2) |  | Contributions of the Company in 2018 |  | Surcharge Imposed(3) |  | Expiration Date of Collective Bargaining Agreement |  | Year Contributions to Plan Exceeded More than 5 Percent of Total Contributions
(in millions) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
United Furniture Workers Pension Fund A(4) |  | 13-5511877-001 |  | 2/28/18 |  | Red |  | Implemented |  | $ | 0.7 |  |  | No |  | 2020 |  | 2016, 2017, 2018
Pension Plan of the National Retirement Fund |  | 13-6130178-001 |  | 12/31/17 |  | Red |  | Implemented |  | $ | 0.7 |  |  | Yes, 10.0% |  | 2019 |  | N/A
Central States, Southeast & Southwest Areas Pension Plan |  | 36-6044243-001 |  | 12/31/17 |  | Red |  | Implemented |  | $ | 0.8 |  |  | Yes, 10.0% |  | 2021 |  | N/A
(1) | The Pension Protection Act of 2006 ranks the funded status of multi-employer pension plans depending upon a plan’s current and projected funding. A plan is in the Red Zone (Critical) if it has a current funded percentage of less than 65.0%. A plan is in the Yellow Zone (Endangered) if it has a current funded percentage of less than 80.0%, or projects a credit balance deficit within seven years. A plan is in the Green Zone (Healthy) if it has a current funded percentage greater than 80.0% and does not have a projected credit balance deficit within seven years. The zone status is based on the plan’s year end rather than the Company’s. The zone status listed for each plan is based on information that the Company received from that plan and is certified by that plan’s actuary for the most recent year available.
(2) | Funding Improvement Plan or Rehabilitation Plan as defined in the Employee Retirement Income Security Act of 1974 has been implemented or is pending.
(3) | Indicates whether the Company paid a surcharge to the plan in the most current year due to funding shortfalls and the amount of the surcharge.
(4) The Company represented more than 5.0% of the total contributions for the most recent plan year available. For year ended December 31, 2017, the Company contributed $1.1 million to the plan.

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- Definition Tabular disclosure of the amounts that are recognized in the balance sheet (or statement of financial position) for pension plans and/or other employee benefit plans, showing separately the assets and current and noncurrent liabilities (if applicable) recognized. In addition, a tabular disclosure of accumulated benefit obligations and fair values of plan assets of pension plans and/or other employee benefit plans where the accumulated benefit obligation exceeds the fair value of plan assets. + References No definition available. + Details
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- Definition Tabular disclosure of contribution made to the multiemployer plan in which the employer participates. A multiemployer plan is a pension or postretirement benefit plan to which two or more unrelated employers contribute where assets contributed by one participating employer may be used to provide benefits to employees of other participating employers. + References No definition available. + Details
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- Definition Tabular disclosure of the net gain (loss) and net prior service cost or credit recognized in other comprehensive income (loss) for the period for pension plans and/or other employee benefit plans, and reclassification adjustments of other comprehensive income (loss) for the period, as those amounts, including amortization of the net transition asset or obligation, are recognized as components of net periodic benefit cost. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (i) -URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920 + Details
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