Rendering

Component: (Network and Table)
Network
2312301 - Disclosure - Profit-Sharing, Pension, and Other Postretirement Benefit Plans (Tables)
(http://cambiumlearning.com/role/ProfitSharingPensionAndOtherPostretirementBenefitPlansTables)
Table(Implied)
Slicers (applies to each fact value in each table cell)
Reporting Entity [Axis]0001466815 (http://www.sec.gov/CIK)
Compensation and Retirement Disclosure [Abstract]Period [Axis]
2016-01-01 - 2016-12-31
Compensation and Retirement Disclosure [Abstract]
 
Schedule of net cost benefit pension plan
The net costs of the Company’s defined benefit pension plan for the years ended December 31, 2016 and 2015 were as follows:
 
 
Year Ended December 31,
(in thousands)
 
2016
 
2015
Interest cost
 
$
392

 
$
421

Recognized net actuarial (gain) loss
 
(690
)
 
(925
)
Total recognized in net pension cost and other comprehensive income
 
$
(298
)
 
$
(504
)
  
Schedule of funded status defined benefit pension plan
The funded status of the Company’s U.S. defined benefit pension plan as of December 31, 2016 and 2015 was as follows:
 
 
December 31,
(in thousands)
 
2016
 
2015
Change in Benefit Obligation:
 
 
 
 
Benefit obligation, beginning of period
 
$
10,996

 
$
12,613

Service cost
 
—

 
—

Interest cost
 
392

 
421

Actuarial loss (gain)
 
(690
)
 
(925
)
Benefits paid
 
(1,089
)
 
(1,113
)
Benefit obligation, end of period
 
$
9,609

 
$
10,996

 
 
 
 
 
Change in Plan Assets:
 
 
 
 
Fair value, beginning of period
 
$
—

 
$
—

Company contributions
 
1,089

 
1,113

Benefits paid
 
(1,089
)
 
(1,113
)
Fair value, end of period
 
$
—

 
$
—

 
 
 
 
 
Unfunded status
 
$
(9,609
)
 
$
(10,996
)
Accrued benefit cost
 
$
(9,609
)
 
$
(10,996
)
 
 
 
 
 
Amounts recognized in the Consolidated Balance Sheets
 
 
 
 
Current accrued benefit liability
 
$
(967
)
 
$
(1,093
)
Non-current accrued benefit liability
 
(8,642
)
 
(9,903
)
Net amount recognized
 
$
(9,609
)
 
$
(10,996
)
  
Recognized component of net pension cost
Plan Assumptions
 
 
Year Ended December 31,
 
 
2016
 
2015
Discount rate
 
3.75%
 
3.75%
  
Projected benefit obligation and accumulated benefit obligation of pension plan
For the Company’s U.S. defined benefit pension plan, the projected benefit obligation and accumulated benefit obligation at December 31, 2016 and 2015 were as follows:
 
 
December 31,
(in thousands)
 
2016
 
2015
Projected benefit obligation
 
$
9,609

 
$
10,996

Accumulated benefit obligation
 
9,609

 
10,996

  
Gross benefit payment obligations
Gross benefit payment obligations under the Company’s continuing plans for the next ten years are anticipated to be as follows:
 
 
U.S. Retirement Plans
(in thousands)
 
(Pension Plan and RBP)
2017
 
$
988

2018
 
949

2019
 
910

2020
 
912

2021
 
829

2022 - 2026
 
3,627