XML 81 R36.htm IDEA: XBRL DOCUMENT v2.4.0.8

Retirement Plans And Postretirement Benefits (Tables)

12 Months Ended

Dec. 31, 2013

General Discussion of Pension and Other Postretirement Benefits [Abstract]

Components Of Consolidated Net Pension Costs Retirement Plans

The components of our consolidated net pension costs are set forth in the following table.

	For the Year Ended December 31,
	2011								2012								2013
	U.S.				Foreign				U.S.				Foreign				U.S.				Foreign
	(Dollars in thousands)
Service cost	$	525			$	343			$	610			$	1,095			$	870			$	1,177
Interest cost	6,759				2,501				6,114				2,532				5,438				2,542
Expected return on assets	(6,688		)		(2,225		)		(6,520		)		(2,299		)		(4,505		)		(2,339		)
Amortization of prior service cost	—				26				—				24				—				25
Settlement loss	—				—				—				—				—				—
Mark-to-market loss (gain)	19,775				1,190				6,572				1,662				(11,907		)		(393		)
	$	20,371			$	1,835			$	6,776			$	3,014			$	(10,104	)		$	1,012

Amounts Recognized In Other Comprehensive Income Retirement Plans

The primary driver of the mark-to-market losses in 2012 and gains in 2013 were changes in the discount rate due to interest rate fluctuations.

Amounts recognized in other comprehensive income:

	For the Year Ended December 31,
	2011								2012								2013
	U.S.				Foreign				U.S.				Foreign				U.S.				Foreign
	(Dollars in thousands)
Amortization of prior service cost	$	—			$	(26	)		$	—			$	(24	)		$	—			$	(25	)
Addition to prior service cost	—				—				—				—				—				(246		)
Effect of exchange rates	—				(8		)		—				3				—				11
Total recognized in other comprehensive loss	$	—			$	(34	)		$	—			$	(21	)		$	—			$	(260	)
Total recognized in pension costs and other comprehensive loss	$	20,371			$	1,801			$	6,776			$	2,993			$	(10,104	)		$	752

Reconciliation Of Pension Plans' Benefit Obligations, Fair Value Of Assets Retirement Plans

The reconciliation of the beginning and ending balances of our pension plans’ benefit obligations, fair value of assets, and funded status at December 31, 2012 and 2013 are:

	At December 31,
	2012								2013
	U.S.				Foreign				U.S.				Foreign
	(Dollars in thousands)
Changes in Benefit Obligation:
Net benefit obligation at beginning of year	$	144,809			$	73,217			$	151,469			$	80,311
Service cost	610				1,095				870				1,177
Interest cost	6,114				2,532				5,438				2,542
Participant contributions	—				347				—				342
Plan amendments / curtailments	—				—				—				(246		)
Foreign currency exchange changes	—				3,153				—				1,549
Actuarial loss (gain)	8,695				2,995				(14,433		)		(3,257		)
Benefits paid	(8,759		)		(3,028		)		(8,557		)		(3,997		)
Net benefit obligation at end of year	$	151,469			$	80,311			$	134,787			$	78,421
Changes in Plan Assets:
Fair value of plan assets at beginning of year	$	80,935			$	65,960			$	91,319			$	71,750
Actual return on plan assets	8,643				3,668				1,979				(517		)
Foreign currency exchange rate changes	—				2,919				—				1,404
Employer contributions	10,500				1,884				6,134				3,703
Participant contributions	—				347				—				342
Actuarial loss	—				—				—				—
Benefits paid	(8,759		)		(3,028		)		(8,557		)		(3,997		)
Fair value of plan assets at end of year	$	91,319			$	71,750			$	90,875			$	72,685
Funded status (underfunded):	$	(60,150	)		$	(8,561	)		$	(43,912	)		$	(5,736	)
Amounts recognized in accumulated other comprehensive loss:
Prior service credit	$	—			$	(266	)		$	—			$	(6	)
Amounts recognized in the statement of financial position:
Non-current assets	$	—			$	—			$	—			$	—
Current liabilities	(557		)		(260		)		(440		)		(524		)
Non-current liabilities	(59,593		)		(8,301		)		(43,472		)		(5,214		)
Net amount recognized	$	(60,150	)		$	(8,561	)		$	(43,912	)		$	(5,738	)

Fair Asset Values Of Plan Assets

The fair value of the plan assets by category is summarized below (dollars in thousands):

	December 31, 2012																December 31, 2013
	Level 1				Level 2				Level 3				Total				Level 1				Level 2				Level 3				Total
U.S. Plan Assets
Cash and cash equivalents	$	1,516			—				—				$	1,516			$	2,597			—				—				$	2,597
Collective trusts	—				89,803				—				89,803				—				$	88,278			—				88,278
Total	$	1,516			89,803				—				$	91,319			$	2,597			$	88,278			—				$	90,875
International Plan Assets
Cash and cash equivalents	$	248			—				—				$	248			$	2,549			—				—				$	2,549
Foreign government bonds	—				$	1,107			—				1,107				—				$	1,142			—				1,142
Investment contracts	—				—				$	60,344			60,344				—				—				$	58,127			58,127
Fixed insurance contracts	—				—				10,051				10,051				—				—				10,865				10,865
Total	$	248			$	1,107			$	70,395			$	71,750			$	2,549			$	1,142			$	68,992			$	72,683

Fair Value Hierarchy, Assets At Fair Value

The following table presents the changes for those financial instruments classified within Level 3 of the valuation hierarchy for international plan pension assets for the years ended December 31, 2012 and 2013 (dollars in thousands):

	Investment Contracts				Fixed Insurance Contracts
Balance at January 1, 2012	$	56,114			$	8,728
Gain / contributions / currency impact	7,118				1,323
Distributions	(2,888		)		—
Balance at December 31, 2012	60,344				10,051
Gain / contributions / currency impact	9,770				814
Distributions	(11,987		)		—
Balance at December 31, 2013	$	58,127			$	10,865

Retirement Plan Weighted Average Asset Allocations

	Percentage of Plan Assets as of December 31, 2013
	US			Foreign
Equity securities	21	%		—	%
Fixed income, debt securities, or cash	79	%		100	%
Total	100	%		100	%

The following table presents our retirement plan weighted average target asset allocations at December 31, 2013, by asset category:

	Percentage of Plan Assets as of December 31, 2013
	US			Foreign
Equity securities	20	%		—	%
Fixed Income	80	%		100	%
Total	100	%		100	%

Pension Plans With An Accumulated Benefit Obligation In Excess Of Plan Assets

Information for our pension plans with an accumulated benefit obligation in excess of plan assets at December 31, 2012 and 2013 follows:

	2012								2013
	U.S.				Foreign				U.S.				Foreign
	(Dollars in thousands)
Accumulated benefit obligation	$	151,469			$	78,595			$	134,787			$	76,915
Fair value of plan assets	91,319				71,750				90,875				72,683

Pension Plans With Projected Benefit Obligation In Excess Of Plan Assets

Information for our pension plans with a projected benefit obligation in excess of plan assets at December 31, 2012 and 2013 follows:

	2012								2013
	U.S.				Foreign				U.S.				Foreign
	(Dollars in thousands)
Projected benefit obligation	$	151,469			$	80,311			$	134,787			$	78,421
Fair value of plan assets	91,319				71,750				90,875				72,683

Projected Future Pension Plan Cash Flow By Year

Following is our projected future pension plan cash flow by year:

	U.S.				Foreign
	(Dollars in thousands)
Expected contributions in 2014:
Expected employer contributions	$	7,933			$	1,854
Expected employee contributions	—				—
Estimated future benefit payments reflecting expected future service for the years ending December 31:
2014	8,969				3,984
2015	8,902				3,633
2016	8,976				4,160
2017	9,083				4,085
2018	9,169				4,290
2019-2023	46,566				23,354

Components Of Net Postretirement Costs

The components of our consolidated net postretirement costs are set forth in the following table.

	For the Year Ended December 31,
	2011								2012								2013
	U.S.				Foreign				U.S.				Foreign				U.S.				Foreign
	(Dollars in thousands)
Service cost	$	—			$	178			$	—			$	183			—				$	105
Interest cost	583				1,064				497				1,024				371				994
Amortization of prior service credit	—				(201		)		—				(199		)		—				(193		)
Plan amendment	—				—				—				1,170				—				—
Mark-to-market (gain) loss	(219		)		1,538				60				551				(1,284		)		(1,210		)
	$	364			$	2,579			$	557			$	2,729			$	(913	)		$	(304	)

Recognized In Other Comprehensive Income Postretirement Benefit Plans

Amounts recognized in other comprehensive income are:

	For the Year Ended December 31,
	2011								2012								2013
	U.S.				Foreign				U.S.				Foreign				U.S.				Foreign
	(Dollars in thousands)
Amortization of prior service cost	$	—			$	201			$	—			$	199			$	—			$	193
Effect of exchange rates	—				49				—				(53		)		—				133
Total recognized in other comprehensive income	$	—			$	250			$	—			$	146			$	—			$	326
Total recognized in net post retirement cost (benefit) and other comprehensive income	$	364			$	2,829			$	557			$	2,875			$	(913	)		$	22

Fair Value Of Assets Of, And The Funded Status Of, Postretirement Plans

The reconciliation of beginning and ending balances of benefit obligations under, fair value of assets of, and the funded status of, our postretirement plans is set forth in the following table:

	Postretirement Benefits at December 31,
	2012								2013
	U.S.				Foreign				U.S.				Foreign
	(Dollars in thousands)
Changes in Benefit Obligation:
Net benefit obligation at beginning of year	$	14,316			$	17,592			$	13,506			$	19,188
Service cost	—				183				—				105
Interest cost	497				1,024				371				994
Foreign currency exchange rates	—				(157		)		—				(2,183		)
Actuarial loss (gain)	60				541				(1,284		)		(1,365		)
Gross benefits paid	(1,367		)		(1,165		)		(1,318		)		(1,161		)
Plan amendment	—				1,170				—				67
Net benefit obligation at end of year	$	13,506			$	19,188			$	11,275			$	15,645
Changes in Plan Assets:
Fair value of plan assets at beginning of year	$	—			$	—			$	—			$	—
Employer contributions	1,367				1,165				1,318				1,161
Gross benefits paid	(1,367		)		(1,165		)		(1,318		)		(1,161		)
Fair value of plan assets at end of year	$	—			$	—			$	—			$	—
Funded status:	$	(13,506	)		$	(19,188	)		$	(11,275	)		$	(15,645	)
Amounts recognized in accumulated other comprehensive loss:
Prior service credit	$	—			$	2,208			$	—			$	1,882
Amounts recognized in the statement of financial position:
Current liabilities	$	(1,394	)		$	(1,132	)		$	(1,279	)		$	(1,035	)
Non-current liabilities	(12,112		)		(18,056		)		(9,996		)		(14,610		)
Net amount recognized	$	(13,506	)		$	(19,188	)		$	(11,275	)		$	(15,645	)

Assumptions Used To Determine Net Pension Costs And Projected Benefit Obligations

Assumptions used to determine net postretirement benefit costs and postretirement projected benefit obligation are set forth in the following table:

	Postretirement Benefit Obligations At December 31,
	2012			2013
Weighted average assumptions to determine benefit obligations:
Discount rate	4.44	%		5.41	%
Health care cost trend on covered charges:
Initial	7.52	%		7.42	%
Ultimate	5.94	%		6.23	%
Years to ultimate	4			3

	Postretirement Benefit Costs At December 31,
	2012			2013
Weighted average assumptions to determine net cost:
Discount rate	4.94	%		4.44	%
Health care cost trend on covered charges:
Initial	7.68	%		7.52	%
Ultimate	5.71	%		5.94	%
Years to ultimate	3			3

Assumptions used to determine net pension costs and projected benefit obligations are:

	Pension Benefit Obligations At December 31,
	2012			2013
Weighted average assumptions to determine benefit obligations:
Discount rate	3.58	%		4.20	%
Rate of compensation increase	2.44	%		2.42	%

	Pension Benefit Obligations At December 31,
	2012			2013
Weighted average assumptions to determine net cost:
Discount rate	4.06	%		3.58	%
Expected return on plan assets	5.95	%		4.29	%
Rate of compensation increase	2.44	%		2.44	%

One-Percentage Point Change In Assumed Health Care Cost Trend Rates

A one-percentage point change in assumed health care cost trend rates would have the following effects at December 31, 2013:

	One Percentage Point Increase								One Percentage Point Decrease
	U.S.				Foreign				U.S.				Foreign
	(Dollars in thousands)
Effect on total service cost and interest cost components	$	4			$	138			$	(2	)		$	(111	)
Effect on benefit obligations	$	83			$	1,066			$	(59	)		$	(880	)

Projected Future Postretirement Cash Flow By Year

The following table represents projected future postretirement cash flow by year:

	U.S.				Foreign
	(Dollars in thousands)
Expected contributions in 2014:
Expected employer contributions	$	1,279			$	1,035
Expected employee contributions	—				—
Estimated future benefit payments reflecting expected future service for the years ending December 31:
2014	1,279				1,035
2015	1,227				1,041
2016	1,172				1,027
2017	1,085				1,054
2018	1,003				1,062
2019-2023	3,675				5,568

X

- Definition

Fair value of assets of, and the funded status of, postretirement plans [Table Text Block].

+ References

No definition available.

+ Details

Name:	gti_FairValueOfAssetsOfAndFundedStatusOfPostretirementPlansTableTextBlock
Namespace Prefix:	gti_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Net postretirement costs [Table Text Block].

+ References

No definition available.

+ Details

Name:	gti_NetPostretirementCostsTableTextBlock
Namespace Prefix:	gti_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Pension plans' benefit obligations, fair value of assets, and funded status [Table Text Block].

+ References

No definition available.

+ Details

Name:	gti_PensionPlansBenefitObligationsFairValueOfAssetsAndFundedStatusTableTextBlock
Namespace Prefix:	gti_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Retirement plan weighted average asset allocations [Table Text Block].

+ References

No definition available.

+ Details

Name:	gti_RetirementPlanWeightedAverageAssetAllocationsTableTextBlock
Namespace Prefix:	gti_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Schedule of projected future postretirement cash flow by year [Table Text Block].

+ References

No definition available.

+ Details

Name:	gti_ScheduleOfProjectedFuturePostretirementCashFlowByYearTableTextBlock
Namespace Prefix:	gti_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Schedule of projected future retirements cash flow by year [Table Text Block].

+ References

No definition available.

+ Details

Name:	gti_ScheduleOfProjectedFutureRetirementsCashFlowByYearTableTextBlock
Namespace Prefix:	gti_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Details

Name:	us-gaap_GeneralDiscussionOfPensionAndOtherPostretirementBenefitsAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of benefit obligations including accumulated benefit obligation and projected benefit obligation.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 715

-SubTopic 20

-Section 50

-Paragraph 1

-Subparagraph (e)

-URI http://asc.fasb.org/extlink&oid=21915506&loc=d3e1928-114920

+ Details

Name:	us-gaap_ScheduleOfAccumulatedAndProjectedBenefitObligationsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

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

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 715

-SubTopic 20

-Section 50

-Paragraph 3

-Subparagraph (b)

-URI http://asc.fasb.org/extlink&oid=21915506&loc=d3e2417-114920

+ Details

Name:	us-gaap_ScheduleOfAccumulatedBenefitObligationsInExcessOfFairValueOfPlanAssetsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 715

-SubTopic 20

-Section 50

-Paragraph 1

-Subparagraph (i)

-URI http://asc.fasb.org/extlink&oid=21915506&loc=d3e1928-114920

+ Details

Name:	us-gaap_ScheduleOfAmountsRecognizedInOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the assumptions used to determine for pension plans and/or other employee benefit plans the benefit obligation and net benefit cost, including assumed discount rates, rate increase in compensation increase, and expected long-term rates of return on plan assets.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 715

-SubTopic 20

-Section 50

-Paragraph 1

-Subparagraph (k)

-URI http://asc.fasb.org/extlink&oid=21915506&loc=d3e1928-114920

+ Details

Name:	us-gaap_ScheduleOfAssumptionsUsedTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the aggregate benefit obligation and aggregate fair value of plan assets for pension plans and/or other employee benefit plans with benefit obligations in excess of plan assets as of the measurement date.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 715

-SubTopic 20

-Section 50

-Paragraph 3

-Subparagraph (a)

-URI http://asc.fasb.org/extlink&oid=21915506&loc=d3e2417-114920

+ Details

Name:	us-gaap_ScheduleOfBenefitObligationsInExcessOfFairValueOfPlanAssetsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the reconciliation of beginning and ending balances of the fair value of plan assets of pension plans and/or other employee benefit plans showing separately, if applicable, the effects during the period attributable to each of the following: actual return on plan assets, foreign currency exchange rate changes, contributions by the employer, contributions by plan participants, benefits paid, business combinations, divestitures, and settlements.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 715

-SubTopic 20

-Section 50

-Paragraph 1

-Subparagraph (b)

-URI http://asc.fasb.org/extlink&oid=21915506&loc=d3e1928-114920

+ Details

Name:	us-gaap_ScheduleOfChangesInFairValueOfPlanAssetsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the changes in plan assets and benefit obligations recognized in other comprehensive income (loss) during the period.

+ References

No definition available.

+ Details

Name:	us-gaap_ScheduleOfDefinedBenefitPlanAmountsRecognizedInOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the effect of a one-percentage-point increase and the effect of a one-percentage-point decrease in the assumed health care cost trend rates on the aggregate of the service and interest cost components of net periodic postretirement health care benefit costs and the accumulated postretirement benefit obligation for health care benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 715

-SubTopic 20

-Section 50

-Paragraph 1

-Subparagraph (m)

-URI http://asc.fasb.org/extlink&oid=21915506&loc=d3e1928-114920

+ Details

Name:	us-gaap_ScheduleOfEffectOfOnePercentagePointChangeInAssumedHealthCareCostTrendRatesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of net benefit costs for pension plans and/or other employee benefit plans including service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) recognized due to settlements or curtailments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 715

-SubTopic 20

-Section 50

-Paragraph 1

-Subparagraph (h)

-URI http://asc.fasb.org/extlink&oid=21915506&loc=d3e1928-114920

+ Details

Name:	us-gaap_ScheduleOfNetBenefitCostsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration