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International Retirement Plan | 12 Months Ended
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Dec. 31, 2017
International Retirement Plan [Abstract] |
International Retirement Plan | Note 15 International Retirement Plan ﻿ The Company sponsors a non-contributory defined benefit pension plan for certain employees of a non-U.S. subsidiary initiated by a predecessor of the subsidiary. The Company maintains insurance contracts that provide an annuity that is used to fund the current obligations under this plan. The net present value of the annuity was $3,207 and $2,760 as of December 31, 2017 and 2016, respectively. The net present value of that annuity is included in “Other assets, net” on the Company’s consolidated balance sheets at December 31, 2017 and 2016. The following table provides a reconciliation of the changes in the projected benefit obligation for the years ended December 31, 2017 and 2016: ﻿ ﻿
﻿ |  |  |  |  |  |
﻿(in thousands) |  | 2017 |  | 2016
﻿Reconciliation of benefit obligations: |  |  |  |  |  |
﻿Obligations as of January 1 |  | $ | 7,727 |  | $ | 6,328
﻿Service cost |  |  | 184 |  |  | 154
﻿Interest cost |  |  | 131 |  |  | 159
﻿Actuarial (gain) loss |  |  | (555) |  |  | 1,437
﻿Benefit payments |  |  | (136) |  |  | (120)
﻿Effect of foreign currency exchange rate changes |  |  | 1,083 |  |  | (231)
﻿Obligations as of December 31 |  |  | 8,434 |  |  | 7,727
﻿Funded status as of December 31 (net of tax benefit) |  | $ | (8,434) |  | $ | (7,727)
﻿ For the year ended December 31, 2017, the Company recorded a $555 gain, net of $244 of actuarial amortization and a $247 tax provision, as a $552 adjustment to “Accumulated other comprehensive income (loss)” in accordance with ASC 715, “Compensation – Retirement Benefits.” For the year ended December 31, 2016, the Company recorded a $1,437 loss, net of $128 of actuarial amortization and a $407 tax benefit, as a $902 adjustment to “Accumulated other comprehensive income (loss)”. ﻿ The Company has recognized the following amounts in the consolidated balance sheets at December 31, 2017 and 2016: ﻿ ﻿ ﻿
﻿ |  |  |  |  |  |
﻿(in thousands) |  | 2017 |  | 2016
﻿Accrued liabilities |  | $ | 144 |  | $ | 114
﻿Other liabilities |  |  | 8,290 |  |  | 7,613
﻿Projected benefit obligation |  |  | 8,434 |  |  | 7,727
﻿Accumulated other comprehensive income |  |  | (2,555) |  |  | (2,775)
﻿Total |  | $ | 5,879 |  | $ | 4,952
﻿ ﻿ The following projected benefit obligation and accumulated benefit obligation were estimated as of December 31, 2017 and 2016: ﻿ ﻿
﻿ |  |  |  |  |  |
﻿(in thousands) |  | 2017 |  | 2016
﻿Projected benefit obligation |  | $ | 8,434 |  | $ | 7,727
﻿Accumulated benefit obligation |  | $ | 7,570 |  | $ | 6,905
﻿ The following table shows the components of net periodic benefit costs and other amounts recognized in other comprehensive income (loss): ﻿
﻿ |  |  |  |  |  |
﻿(in thousands) |  | 2017 |  | 2016
﻿Net periodic benefit cost: |  |  |  |  |  |
﻿Service cost |  | $ | 184 |  | $ | 154
﻿Interest cost |  |  | 131 |  |  | 159
﻿Amortization of actuarial loss |  |  | 244 |  |  | 128
﻿Total |  | $ | 559 |  | $ | 441
﻿Other changes in plan assets and benefit obligations recognized in other comprehensive income: |  |  |  |  |  |
﻿Net (gain) loss |  |  | (555) |  |  | 1,437
﻿Total expense recognized in net periodic benefit cost and other comprehensive income |  | $ | 4 |  | $ | 1,878
﻿ The following assumptions are used to determine benefit obligations as of December 31: ﻿ ﻿
﻿ |  |  |  |  |  |
﻿ |  |  | 2017 |  |  | 2016
﻿Discount rate |  |  | 1.80% |  |  | 1.60%
﻿Rate of compensation |  |  | 3.00% |  |  | 3.00%
﻿ The following benefit payments, including expected future service cost, are expected to be paid: ﻿ ﻿ ﻿
﻿ |  |  |
﻿(in thousands) |  |
﻿Estimated future benefit payments: |  |  |
﻿2018 |  | $ | 145
﻿2019 |  |  | 147
﻿2020 |  |  | 163
﻿2021 |  |  | 181
﻿2022 |  |  | 184
﻿2023-2027 |  |  | 1,020
﻿ ﻿ ﻿

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