Pension And Severance Benefits

6 Months Ended

Jun. 30, 2011

Pension And Severance Benefits

Pension And Severance Benefits

Note 7 – Pension and Severance Benefits

Net pension expense from the company's defined benefit and severance plans is primarily comprised of severance plans covering Central American employees and consists of the following:

	Quarter Ended June 30,						Six Months Ended June 30,
(In thousands)	2011			2010			2011			2010
Defined benefit and severance plans:
Service cost	$	1,690		$	1,635		$	3,379		$	3,270
Interest on projected benefit obligation		1,350			1,416			2,695			2,836
Expected return on plan assets		(401	)		(396	)		(801	)		(793	)
Recognized actuarial loss (gain)		200			218			399			437
Amortization of prior service cost		32			32			64			64
	$	2,871		$	2,905		$	5,736		$	5,814