EMPLOYEE BENEFIT PLANS (Tables)


	U.S. Pension Benefits
	Year		Year
	Ended		Ended
	December 31,		December 31,
(In thousands)	2016		2015
Change in benefit obligation:
Benefit obligation at beginning of period	$	106,969	$	113,955
Service cost		—		—
Interest cost		4,324		4,277
Actuarial (gain) loss		2,049		(6,152)
Plan amendment		—		—
Benefits paid		(4,266)		(4,665)
Administrative expenses		(157)		(106)
Settlement paid		(52)		(296)
Settlement gain		(17)		(44)
Benefit obligation at end of period	$	108,850	$	106,969


	International Pension Benefits and Terminated U.S. Retiree Health Plan (1)
	Year		Year
	Ended		Ended
	December 31,		December 31,
(In thousands)	2016		2015
Change in benefit obligation:
Benefit obligation at beginning of period	$	—	$	5,686
Acquisition		90,936		—
Service cost		—		2
Interest cost		218		7
Plan participants’ contributions		—		101
Actuarial (gain) loss		3,453		73
Plan amendment		—		(1,223)
Benefits paid		(220)		(357)
Administrative expenses		—		—
Settlement paid		—		(4,289)
Currency translation adjustment		(1,073)		—
Benefit obligation at end of period	$	93,314	$	—

(1)

The Company terminated its Post Retirement Medical and Life Insurance Plan in 2015. Activity for the calendar years 2015 and 2014 reflect activity for the U.S. Retiree Health Plan only. Activity for calendar 2016 reflects activity only for the International Pension Benefits assumed from Odeon in November 2016.


	U.S. Pension Benefits
	Year		Year
	Ended		Ended
	December 31,		December 31,
(In thousands)	2016		2015
Change in plan assets:
Fair value of plan assets at beginning of period	$	64,621	$	70,424
Actual return on plan assets (loss) gain		4,990		(1,184)
Employer contribution		218		448
Plan participants’ contributions		—		—
Benefits paid		(4,266)		(4,665)
Administrative expense		(157)		(106)
Settlement paid		(52)		(296)
Fair value of plan assets at end of period	$	65,354	$	64,621
Net liability for benefit cost:
Funded status	$	(43,496)	$	(42,348)


	International Pension Benefits and Terminated U.S. Retiree Health Plan
	Year		Year
	Ended		Ended
	December 31,		December 31,
(In thousands)	2016		2015
Change in plan assets:
Fair value of plan assets at beginning of period	$	—	$	—
Acquisition		108,938		—
Actual return on plan assets(loss) gain		3,806		—
Employer contribution		—		4,545
Plan participants’ contributions		—		101
Benefits paid		(220)		(357)
Currency translation adjustment		(1,453)		(4,289)
Fair value of plan assets at end of period	$	111,071	$	—
Net asset for benefit cost:
Funded status	$	17,757	$	—


	U.S. Pension Benefits				International Pension Benefits and Terminated U.S. Retiree Health Plan
	December 31,		December 31,		December 31,		December 31,
(In thousands)	2016		2015		2016		2015
Amounts recognized in the Balance Sheet:
Other long-term assets	$	—	$	—	$	18,869	$	—
Accrued expenses and other liabilities		(152)		(152)		—		—
Other long-term liabilities		(43,344)		(42,196)		(1,112)		—
Net asset (liability) recognized	$	(43,496)	$	(42,348)	$	17,757	$	—

Aggregate accumulated benefit obligation	$	(108,850)	$	(106,969)	$	(93,314)	$	—


	U.S. Pension Benefits				International Pension Benefits and Terminated U.S. Retiree Health Plan
	December 31,		December 31,		December 31,		December 31,
(In thousands)	2016		2015		2016		2015
Aggregated accumulated benefit obligation	$	(108,850)	$	(106,969)	$	(93,314)	$	—
Aggregated projected benefit obligation		(108,850)		(106,969)		(93,314)		—
Aggregated fair value of plan assets		65,354		64,621		111,071		—


	U.S. Pension Benefits				International Pension Benefits and Terminated U.S. Retiree Health Plan
	December 31,		December 31,		December 31,		December 31,
(In thousands)	2016		2015		2016		2015
Net actuarial (gain) loss	$	598	$	(345)	$	(71)	$	73
Prior service credit		—		—		—		(1,223)


	U.S. Pension Benefits		International Pension Benefits and Terminated U.S. Retiree Health Plan
	December 31,	December 31,	December 31,	December 31,
	2016	2015	2016	2015
Discount rate	3.92%	4.10%	2.70%	N/A
Rate of compensation increase	N/A	N/A	3.20%	N/A

U.S. Pension Benefits

International Pension Benefits and Terminated U.S. Retiree Health Plan

Year

Ended

December 31,

2016

2015

2014

2016

2015

2014

Discount rate

3.92%

3.80%

4.73%

2.90%

3.37%

4.00%

Weighted average expected long-term return on plan assets

7.06%

7.81%

3.09%

N/A

Rate of compensation increase

N/A

3.20%

N/A


(In thousands)	U.S. Pension Benefits		International Pension Benefits and Terminated U.S. Retiree Health Plan
2017	$	3,828	$	2,273
2018		3,510		2,318
2019		4,103		2,365
2020		3,874		2,413
2021		4,739		2,462
Years 2022 - 2026		33,886		13,088



		U.S. Target
Asset Category		Allocation
Fixed(1)		15%
Equity Securities—U.S.		30%
Equity Securities—International		15%
Collective trust fund		25%
Private Real Estate		15%
		100%

(1)

Includes U.S. Treasury Securities and Bond market fund.

The fair value of the U.S. pension plan assets at December 31, 2016, by asset class is as follows:


			Fair Value Measurements at December 31, 2016 Using
	Total Carrying		Quoted prices in		Significant other		Significant
	Value at		active market		observable inputs		unobservable inputs
(In thousands)	December 31, 2016		(Level 1)		(Level 2)		(Level 3)
Cash and cash equivalents	$	258	$	258	$	—	$	—
Equity securities:
U.S. companies		19,929		19,929		—		—
International companies		9,953		9,953		—		—
Bond market fund		10,116		10,116		—		—
Collective trust fund		15,866		—		15,866		—
Private real estate		9,232		—		9,232		—
Total assets at fair value	$	65,354	$	40,256	$	25,098	$	—

The fair value of the International Pension Benefits and Terminated U.S. Retiree Health Plan assets at December 31, 2016, by asset class is as follows:


			Fair Value Measurements at December 31, 2016 Using
	Total Carrying
	Value at		Quoted prices in		Significant other		Significant
	December 31,		active market		observable inputs		unobservable inputs
(In thousands)	2016		(Level 1)		(Level 2)		(Level 3)
Cash and cash equivalents	$	20	$	20	$	—	$	—
Equity securities:
U.S. companies		638		638		—		—
International companies		26,793		26,793		—		—
Bond market fund		77,936		77,936		—		—
Commodities broad basket fund		88		—		88		—
Private real estate		5,596		—		5,596		—
Total assets at fair value	$	111,071	$	105,387	$	5,684	$	—

The fair value of the U.S. pension plan assets at December 31, 2015, by asset class is as follows:



			Fair Value Measurements at December 31, 2015 Using
	Total Carrying
	Value at		Quoted prices in		Significant other		Significant
	December 31,		active market		observable inputs		unobservable inputs
(In thousands)	2015		(Level 1)		(Level 2)		(Level 3)
Cash and cash equivalents	$	289	$	289	$	—	$	—
U.S. treasury securities		1,452		1,452		—		—
Equity securities:
U.S. companies		16,884		16,884		—		—
International companies		9,888		9,888		—		—
Bond market fund		8,526		8,526		—		—
Collective trust fund		15,771		—		15,771		—
Commodities broad basket fund		2,823		2,823		—		—
Private real estate		8,988		—		8,988		—
Total assets at fair value	$	64,621	$	39,862	$	24,759	$	—


	U.S. Pension Benefits
	Year		Year		Year
	Ended		Ended		Ended
(In thousands)	December 31, 2016		December 31, 2015		December 31, 2014
Components of net periodic benefit cost:
Interest cost	$	4,324	$	4,277	$	4,609
Expected return on plan assets		(3,555)		(4,666)		(5,230)
Amortization of net (gain) loss		27		45		(1,034)
Settlement (gain) loss		(5)		254		—
Net periodic benefit cost (credit)	$	791	$	(90)	$	(1,655)


	U.S. Pension Benefits
	Year Ended		Year Ended		Year Ended
	December 31,		December 31,		December 31,
(In thousands)	2016		2015		2014
Net (gain) loss	$	598	$	(345)	$	21,641
Prior service credit		—		—		—
Amortization of net gain		(27)		(45)		1,034
Amortization of prior service credit		—		—		—
Curtailment		—		—		—
Settlement		5		(254)		—
Allocated tax expense (benefit)		—		251		(8,843)
Total recognized in other comprehensive (income) loss	$	576	$	(393)	$	13,832
Net periodic benefit cost (credit)		791		(90)		(1,655)
Total recognized in net periodic benefit cost (credit) and other comprehensive (income) loss	$	1,367	$	(483)	$	12,177


	U.S. Pension
(In thousands)	Benefits
Net actuarial loss	$	36


	International Pension Benefits and Terminated U.S. Retiree Health Plan
	Year		Year		Year
	Ended		Ended		Ended
(In thousands)	December 31, 2016		December 31, 2015		December 31, 2014
Components of net periodic benefit cost:
Service cost	$	—	$	2	$	36
Interest cost		218		7		214
Expected return on plan assets		(283)		—		—
Amortization of net (gain) loss		4		(2,797)		(348)
Amortization of prior service credit		—		(2,888)		(1,665)
Curtailment gain		—		(11,867)		—
Settlement (gain) loss		—		(575)		—
Net periodic benefit cost (credit)	$	(61)	$	(18,118)	$	(1,763)


	International Pension Benefits and Terminated U.S. Retiree Health Plan
	Year Ended		Year Ended		Year Ended
	December 31,		December 31,		December 31,
(In thousands)	2016		2015		2014
Net (gain) loss	$	(71)	$	73	$	561
Prior service credit		—		(1,223)		—
Amortization of net gain		—		2,797		348
Amortization of prior service credit		—		2,888		1,665
Curtailment		—		11,867		—
Settlement		—		575		—
Allocated tax expense (benefit)		—		(6,620)		(1,003)
Total recognized in other comprehensive (income) loss	$	(71)	$	10,357	$	1,571
Net periodic benefit cost (credit)		(61)		(18,118)		(1,763)
Total recognized in net periodic benefit cost (credit) and other comprehensive (income) loss	$	(132)	$	(7,761)	$	(192)


	International
	Pension
(In thousands)	Benefits
Net actuarial (gain)	$	(75)