XML 59 R45.htm IDEA: XBRL DOCUMENT
v3.20.4

Retirement Plans (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2020
Defined Benefit Plan Disclosure |
Schedule of Net Benefit Costs | Net periodic pension costs for the years ended December 31, 2020, 2019, and 2018 were as follows:
|  | Year Ended December 31,
|  | 2020 |  | 2019 |  | 2018
Components of net periodic benefit cost: |  |
Interest cost |  | 224 |  |  | 648 |  |  | 622 |
Expected return on plan assets |  | (230) |  |  | (719) |  |  | (853) |
Recognized net actuarial loss |  | 53 |  |  | 125 |  |  | 96 |
Net periodic pension cost (income) |  | $ | 47 |  |  | $ | 54 |  |  | $ | (135) |
Settlement charge |  | — |  |  | 2,210 |  |  | —
Total pension expense (income) |  | $ | 47 |  |  | $ | 2,264 |  |  | $ | (135) |
Schedule of Costs of Retirement Plans | The Company sponsors six defined contribution plans for hourly and salaried employees across its domestic and international facilities. The following table summarizes the expense associated with the contributions made to these plans.
|  | Year Ended December 31,
|  | 2020 |  | 2019 |  | 2018
United States |  | $ | 866 |  |  | $ | 2,323 |  |  | $ | 2,762 |
Canada |  | 137 |  |  | 144 |  |  | 193 |
United Kingdom |  | 437 |  |  | 442 |  |  | 451 |
|  | $ | 1,440 |  |  | $ | 2,909 |  |  | $ | 3,406 |
Pension Plan | United States |
Defined Benefit Plan Disclosure |
Schedule of Changes in Accumulated Postemployment Benefit Obligations | The following tables present a reconciliation of the changes in the benefit obligation, the fair market value of the assets, and the funded status of the plan, as of December 31, 2020 and 2019:
|  | December 31,
|  | 2020 |  | 2019
Changes in benefit obligation: |  |  |  |
Benefit obligation at beginning of year |  | $ | 7,809 |  |  | $ | 16,717 |
Interest cost |  | 224 |  |  | 648 |
Actuarial loss |  | 813 |  |  | 400 |
Benefits paid |  | (398) |  |  | (840) |
Settlements |  | — |  |  | (9,116) |
Benefit obligation at end of year |  | $ | 8,448 |  |  | $ | 7,809 |
Change to plan assets: |  |  |  |
Fair value of assets at beginning of year |  | $ | 4,360 |  |  | $ | 12,468 |
Actual gain on plan assets |  | 197 |  |  | 1,298 |
Employer contribution |  | 300 |  |  | 550 |
Benefits paid |  | (398) |  |  | (840) |
Settlements |  | — |  |  | (9,116) |
Fair value of assets at end of year |  | 4,459 |  |  | 4,360 |
Funded status at end of year |  | $ | (3,989) |  |  | $ | (3,449) |
Amounts recognized in the consolidated balance sheets consist of: |  |  |  |
Other long-term liabilities |  | $ | (3,989) |  |  | $ | (3,449) |
Amounts recognized in accumulated other comprehensive loss consist of: |  |  |  |
Net loss |  | $ | 2,686 |  |  | $ | 1,893 |
Schedule of Changes in Fair Value of Plan Assets | The following tables present a reconciliation of the changes in the benefit obligation, the fair market value of the assets, and the funded status of the plan, as of December 31, 2020 and 2019:
|  | December 31,
|  | 2020 |  | 2019
Changes in benefit obligation: |  |  |  |
Benefit obligation at beginning of year |  | $ | 7,809 |  |  | $ | 16,717 |
Interest cost |  | 224 |  |  | 648 |
Actuarial loss |  | 813 |  |  | 400 |
Benefits paid |  | (398) |  |  | (840) |
Settlements |  | — |  |  | (9,116) |
Benefit obligation at end of year |  | $ | 8,448 |  |  | $ | 7,809 |
Change to plan assets: |  |  |  |
Fair value of assets at beginning of year |  | $ | 4,360 |  |  | $ | 12,468 |
Actual gain on plan assets |  | 197 |  |  | 1,298 |
Employer contribution |  | 300 |  |  | 550 |
Benefits paid |  | (398) |  |  | (840) |
Settlements |  | — |  |  | (9,116) |
Fair value of assets at end of year |  | 4,459 |  |  | 4,360 |
Funded status at end of year |  | $ | (3,989) |  |  | $ | (3,449) |
Amounts recognized in the consolidated balance sheets consist of: |  |  |  |
Other long-term liabilities |  | $ | (3,989) |  |  | $ | (3,449) |
Amounts recognized in accumulated other comprehensive loss consist of: |  |  |  |
Net loss |  | $ | 2,686 |  |  | $ | 1,893 |
Schedule of Weighted Average Assumptions Used | The weighted average assumptions in the following table represent the rates used to develop the actuarial present value of the projected benefit obligation for the year listed and also the net periodic benefit cost for the following year.
|  | Year Ended December 31,
|  | 2020 |  | 2019 |  | 2018
Discount rate |  | 3.0 | % |  | 4.0 | % |  | 3.4 | %
Expected rate of return on plan assets |  | 5.3 | % |  | 5.9 | % |  | 5.9 | %
Schedule of Accumulated Benefit Obligations in Excess of Fair Value of Plan Assets | Amounts applicable to the Company’s pension plan with accumulated benefit obligations in excess of plan assets were as follows as of December 31, 2020 and 2019:
|  | December 31,
|  | 2020 |  | 2019
Projected benefit obligation |  | $ | 8,448 |  |  | $ | 7,809 |
Accumulated benefit obligation |  | 8,448 |  |  | 7,809 |
Fair value of plan assets |  | 4,459 |  |  | 4,360 |
Schedule of Investment Allocation and Target Allocation | The investment target ranges and actual allocation of pension plan assets by major category as of December 31, 2020 and 2019 were as follows:
|  |  |  | December 31,
|  | Target |  | 2020 |  | 2019
Asset Category |  |  |  |  |  |
Cash and cash equivalents |  | 0 - 20% |  | 9 | % |  | 19 | %
Total fixed income funds |  | 25 - 50% |  | 32 |  |  | 30 |
Total mutual funds and equities |  | 35 - 70% |  | 59 |  |  | 51 |
Total |  |  |  | 100 | % |  | 100 | %
In accordance with the fair value disclosure requirements of ASC 820, “Fair Value Measurements and Disclosures,” the following assets were measured at fair value on a recurring basis as of December 31, 2020 and 2019. Additional information regarding ASC 820 and the fair value hierarchy can be found in Note 16.
|  | December 31,
|  | 2020 |  | 2019
Asset Category |  |  |  |
Cash and cash equivalents |  | $ | 399 |  |  | $ | 817 |
Fixed income funds |  |  |  |
Corporate bonds |  | 1,440 |  |  | 1,336 |
Total fixed income funds |  | 1,440 |  |  | 1,336 |
Equity funds and equities |  |  |  |
Mutual funds |  | 713 |  |  | 694 |
Exchange-traded funds |  | 1,907 |  |  | 1,513 |
Total mutual funds and equities |  | 2,620 |  |  | 2,207 |
Total |  | $ | 4,459 |  |  | $ | 4,360 |
Schedule of Expected Benefit Payments | The following benefit payments are expected to be paid during the years indicated:
Year Ending December 31, |  |
2021 |  | $ | 468 |
2022 |  | 467 |
2023 |  | 491 |
2024 |  | 487 |
2025 |  | 478 |
Years 2026-2030 |  | 2,255 |
Pension Plan | United Kingdom |
Defined Benefit Plan Disclosure |
Schedule of Changes in Accumulated Postemployment Benefit Obligations | The funded status of the United Kingdom defined benefit plan as of December 31, 2020 and 2019 was as follows:
|  | December 31,
|  | 2020 |  | 2019
Changes in benefit obligation: |  |  |  |
Benefit obligation at beginning of year |  | $ | 9,101 |  |  | $ | 7,750 |
Interest cost |  | 184 |  |  | 221 |
Actuarial loss (gain) |  | 996 |  |  | 1,142 |
Benefits paid |  | (283) |  |  | (326) |
Foreign currency exchange rate changes |  | 267 |  |  | 314 |
Benefit obligation at end of year |  | $ | 10,265 |  |  | $ | 9,101 |
Change to plan assets: |  |  |  |
Fair value of assets at beginning of year |  | $ | 7,290 |  |  | $ | 6,347 |
Actual gain (loss) on plan assets |  | 453 |  |  | 697 |
Employer contribution |  | 337 |  |  | 314 |
Benefits paid |  | (319) |  |  | (326) |
Foreign currency exchange rate changes |  | 214 |  |  | 258 |
Fair value of assets at end of year |  | 7,975 |  |  | 7,290 |
Funded status at end of year |  | $ | (2,290) |  |  | $ | (1,811) |
Amounts recognized in the consolidated balance sheets consist of: |  |  |  |
Other long-term liabilities |  | $ | (2,290) |  |  | $ | (1,811) |
Amounts recognized in accumulated other comprehensive loss consist of: |  |  |  |
Net loss |  | $ | 2,247 |  |  | $ | 1,641 |
Prior service cost |  | 152 |  |  | 172 |
|  | $ | 2,399 |  |  | $ | 1,813 |
Schedule of Net Benefit Costs | Net periodic pension costs for the years ended December 31, 2020, 2019, and 2018 were as follows:
|  | Year Ended December 31,
|  | 2020 |  | 2019 |  | 2018
Components of net periodic benefit cost: |  |
Interest cost |  | $ | 184 |  |  | $ | 221 |  |  | $ | 194 |
Expected return on plan assets |  | (250) |  |  | (252) |  |  | (260) |
Amortization of prior service cost |  | 26 |  |  | 25 |  |  | 42 |
Recognized net actuarial loss |  | 329 |  |  | 263 |  |  | 208 |
Net periodic pension cost |  | $ | 289 |  |  | $ | 257 |  |  | $ | 184 |
Schedule of Weighted Average Assumptions Used | The weighted average assumptions in the following table represent the rates used to develop the actuarial present value of the projected benefit obligation for the year listed and also the net periodic benefit cost for the following year.
|  | Year Ended December 31,
|  | 2020 |  | 2019 |  | 2018
Discount rate |  | 1.1 | % |  | 2.0 | % |  | 2.8 | %
Expected rate of return on plan assets |  | 3.2 | % |  | 3.3 | % |  | 3.8 | %
Schedule of Accumulated Benefit Obligations in Excess of Fair Value of Plan Assets | Amounts applicable to the Company’s pension plans with accumulated benefit obligations in excess of plan assets were as follows as of December 31, 2020 and 2019:
|  | December 31,
|  | 2020 |  | 2019
Projected benefit obligation |  | $ | 10,265 |  |  | $ | 9,101 |
Accumulated benefit obligation |  | 10,265 |  |  | 9,101 |
Fair value of plan assets |  | 7,975 |  |  | 7,290 |
Schedule of Investment Allocation and Target Allocation | The target asset allocation percentages for 2020 were as follows:
Equity securities |  | Up to 100%
Commercial property |  | Not to exceed 50%
U.K. Government securities |  | Not to exceed 50%
Cash |  | Up to 100%
Plan assets held within the United Kingdom defined benefit plan consist of cash and equity securities that have been classified as Level 1 of the fair value hierarchy. All other plan assets have been classified as Level 2 of the fair value hierarchy. The plan assets by category for the years ended December 31, 2020 and 2019 were as follows:
|  | December 31,
|  | 2020 |  | 2019
Asset Category |  |
Cash and cash equivalents |  | $ | 348 |  |  | $ | 516 |
Equity securities |  | 3,101 |  |  | 2,090 |
Bonds |  | 3,410 |  |  | 3,735 |
Other |  | 1,116 |  |  | 949 |
Total |  | $ | 7,975 |  |  | $ | 7,290 |
Schedule of Expected Benefit Payments | The following estimated future benefits payments are expected to be paid under the United Kingdom defined benefit plan:
Year Ending December 31, |  |
2021 |  | $ | 306 |
2022 |  | 318 |
2023 |  | 377 |
2024 |  | 404 |
2025 |  | 429 |
Years 2026-2030 |  | 1,844 |
Other Postretirement Benefits Plan |
Defined Benefit Plan Disclosure |
Schedule of Weighted Average Assumptions Used | The weighted average assumptions in the following table represent the rates used to develop the actuarial present value of the projected benefit obligation for the year listed and also the net periodic benefit cost for the following year.
|  | Year Ended December 31,
|  | 2020 |  | 2019
Discount rate |  | 2.5 | % |  | 3.1 | %
Weighted average health care trend rate |  | 4.8 | % |  | 4.9 | %

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_DefinedBenefitPlanDisclosureLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of benefit obligation and plan assets of defined benefit plan with accumulated benefit obligation in excess of plan assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 3 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e2417-114920 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 3 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e2417-114920 Reference 3: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 55 -Paragraph 17 -URI http://asc.fasb.org/extlink&oid=118257860&loc=d3e4179-114921 + 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 major categories of plan assets of pension plans and/or other employee benefit plans. This information may include, but is not limited to, the target allocation of plan assets, the fair value of each major category of plan assets, and the level within the fair value hierarchy in which the fair value measurements fall. + 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 (d)(5) -URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfAllocationOfPlanAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assumption used to determine benefit obligation and net periodic benefit cost of defined benefit plan. Includes, but is not limited to, discount rate, rate of compensation increase, expected long-term rate of return on plan assets and interest crediting rate. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (k) -URI http://asc.fasb.org/extlink&oid=118255775&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 change in the accumulated postemployment benefit obligation from the beginning to the end of the period, showing separately, if applicable, the effects of the following: service cost, interest cost, contributions by plan participants, actuarial gains and losses, foreign currency exchange rate changes, benefits paid, plan amendments, business combinations, divestitures, curtailments, settlements, and special and contractual termination benefits. + 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 (a) -URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfChangesInAccumulatedPostemploymentBenefitObligationsTableTextBlock
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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=118255775&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 costs related to the various types of retirement plans including defined benefit pension plan cost, defined contribution plan cost, other postretirement benefit plan cost, and 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 -URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfCostsOfRetirementPlansTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of benefits expected to be paid by pension plans and/or other employee benefit plans in each of the next five fiscal years and in the aggregate for the five fiscal years thereafter. + 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 (f) -URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfExpectedBenefitPaymentsTableTextBlock
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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (h) -URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfNetBenefitCostsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_RetirementPlanTypeAxis=us-gaap_PensionPlansDefinedBenefitMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_RetirementPlanSponsorLocationAxis=country_US
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_RetirementPlanSponsorLocationAxis=country_GB
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_RetirementPlanTypeAxis=us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |