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Employee Benefit Plan (Tables) - Non-U.S. Plan
12 Months Ended
Dec. 31, 2018
Employee Benefit Plan  
Schedule of net periodic pension cost

 

 

 

 

 

 

 

 

 

 

 

 

Year ended December 31, 

 

    

2018

    

2017

    

2016

in thousands

 

 

 

 

 

 

 

 

 

Service cost (gross)

 

$

1,281

 

$

1,397

 

$

783

Interest cost

 

 

199

 

 

188

 

 

243

Expected return on plan assets

 

 

(327)

 

 

(199)

 

 

(157)

Amortization of unrecognized actuarial gain

 

 

18

 

 

45

 

 

 —

Net periodic pension cost

 

$

1,171

 

$

1,431

 

$

869

 

Summary of net unfunded status of pension plans

 

 

 

 

 

 

 

 

 

As of December 31, 

 

    

2018

    

2017

Fair value of plan assets

 

$

12,823

 

$

12,390

Projected benefit obligation

 

 

(18,173)

 

 

(18,308)

Net unfunded benefit obligation

 

$

(5,350)

 

$

(5,918)

 

Schedule of change in the fair value of plan assets

 

 

 

 

 

 

 

 

 

Year ended December 31, 

 

    

2018

    

2017

 

 

 

 

 

 

 

Fair value of plan assets at January 1

 

$

12,390

 

$

11,024

Employee contributions

 

 

506

 

 

530

Actual return on plan assets

 

 

904

 

 

91

    Benefits (paid), net of transfers

 

 

(1,601)

 

 

(1,277)

Employer contributions

 

 

971

 

 

992

Foreign exchange adjustment

 

 

(347)

 

 

1,030

Fair value of plan assets at December 31

 

$

12,823

 

$

12,390

 

Schedule of change in benefit obligations

 

 

 

 

 

 

 

 

 

Year ended December 31, 

 

    

2018

    

2017

 

 

 

 

 

 

 

Benefit obligations at January 1

 

$

18,308

 

$

16,690

Gross service cost

 

 

1,281

 

 

1,397

Interest cost

 

 

199

 

 

188

Employee contributions

 

 

506

 

 

530

Actuarial (gains)/losses

 

 

(672)

 

 

30

Plan amendment

 

 

560

 

 

(356)

Benefits (paid), net of transfers

 

 

(1,601)

 

 

(1,277)

Foreign exchange adjustment

 

 

(408)

 

 

1,106

Benefit obligations at December 31

 

$

18,173

 

$

18,308

 

Summary of weighted average assumptions

 

 

 

 

 

 

 

 

 

 

 

As of December 31, 2018

 

    

2018

    

2017

 

 

(%)

Discount rates

 

0.9

-

1.8

 

0.7

-

1.5

Inflation

 

1.0

-

2.0

 

1.0

-

1.8

Expected return on plan assets

 

1.3

-

2.0

 

1.3

-

2.0

Rate of salary increases

 

2.0

-

2.8

 

2.0

-

2.8

 

Schedule of projected future pension benefits

 

 

 

 

2019

    

$

513

2020

 

 

446

2021

 

 

747

2022

 

 

785

2023

 

 

755

Beyond

 

 

3,953