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International Retirement Plan | 12 Months Ended
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Dec. 31, 2018
Retirement Benefits, Description [Abstract] |
International Retirement Plan | Note 16 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 following table provides a reconciliation of the changes in the projected benefit obligation for the years ended December 31, 2018 and 2017:
(in thousands) |  | 2018 |  | 2017
Reconciliation of benefit obligations: |  |  |  |
Obligations as of January 1 |  | $ | 8,434 |  |  | $ | 7,727 |
Service cost |  | 155 |  |  | 184 |
Interest cost |  | 148 |  |  | 131 |
Actuarial loss (gain) |  | 453 |  |  | (555 | )
Benefit payments |  | (145 | ) |  | (136 | )
Effect of foreign currency exchange rate changes |  | (387 | ) |  | 1,083 |
Benefit obligations as of December 31 |  | 8,658 |  |  | 8,434 |
Fair value of assets as of December 31 (a) |  | 3,224 |  |  | 3,207 |
Funded status as of December 31, net of tax benefit |  | $ | (5,434 | ) |  | $ | (5,227 | )
(a) No change in underlying asset value for the periods. |  |  |  |
The following table provides a reconciliation of the amounts recognized in “Accumulated other comprehensive income (loss)” in accordance with ASC 715, “Compensation – Retirement Benefits” for the years ended December 31, 2018 and 2017:
(in thousands) |  | 2018 |  | 2017
Amounts recognized as accumulated other comprehensive income (loss): |  |  |  |
Current year actuarial gain (loss) |  | $ | 276 |  |  | $ | 555 |
Amortization of prior years' unrecognized loss |  | 177 |  |  | 244 |
Tax benefit (provision) |  | 88 |  |  | (247 | )
Total recognized as accumulated other comprehensive income (loss) |  | $ | 188 |  |  | $ | 552 |
The Company has recognized the following amounts in the Consolidated Balance Sheets at December 31, 2018 and 2017:
(in thousands) |  | 2018 |  | 2017
Other assets |  | $ | 3,224 |  |  | $ | 3,207 |
Accrued liabilities |  | (140 | ) |  | (144 | )
Other liabilities |  | (8,518 | ) |  | (8,290 | )
Net liability |  | $ | (5,434 | ) |  | $ | (5,227 | )
The following projected benefit obligation and accumulated benefit obligation were estimated as of December 31, 2018 and 2017:
(in thousands) |  | 2018 |  | 2017
Projected benefit obligation |  | $ | 8,658 |  |  | $ | 8,434 |
Accumulated benefit obligation |  | $ | 7,587 |  |  | $ | 7,570 |
The following table shows the components of net periodic benefit costs and other amounts recognized in Other Comprehensive Income (Loss): ໿
(in thousands) |  | 2018 |  | 2017
Net periodic benefit cost: |  |  |  |
Service cost |  | $ | 155 |  |  | $ | 184 |
Interest cost |  | 148 |  |  | 131 |
Amortization of actuarial loss |  | 177 |  |  | 244 |
Total |  | $ | 480 |  |  | $ | 559 |
Other changes in plan assets and benefit obligations recognized in other comprehensive income: |  |  |  |
Net loss (gain) |  | 276 |  |  | (555 | )
Total expense recognized in net periodic benefit cost and other comprehensive income |  | $ | 756 |  |  | $ | 4 |
The following assumptions are used to determine benefit obligations as of December 31:
|  | 2018 |  | 2017
Discount rate |  | 1.80% |  | 1.80%
Rate of compensation |  | 3.50% |  | 3.00%
The following benefit payments, including expected future service cost, are expected to be paid:
(in thousands) |
Estimated future benefit payments: |  |
2019 | $ | 142 |
2020 | 170 |
2021 | 177 |
2022 | 183 |
2023 | 187 |
2024-2028 | 1,162 |

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- Definition The entire disclosure for pension and other postretirement benefits. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -URI http://asc.fasb.org/topic&trid=2235017 + Details
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