Pension And Other Postretirement Benefit Plans

3 Months Ended

Jun. 30, 2011

Pension And Other Postretirement Benefit Plans

Pension And Other Postretirement Benefit Plans

NOTE 10.   PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS

The Company has several defined benefit pension plans covering U.S. salaried employees and certain foreign and other employee groups.  These plans provide retirement benefits based primarily on employee compensation and years of service.  The Company also provides postretirement health and life insurance benefits for eligible U.S. employees attaining specific age and service levels.

The components of the Company's net periodic benefit cost were as follows:

	Pension Benefits						Other Postretirement Benefits
	Three Months Ended						Three Months Ended
	June 30,						June 30,
(in thousands of dollars)	2011			2010			2011			2010
Service cost	$	1,290		$	1,240		$	189		$	204
Interest cost		3,451			3,547			578			624
Expected return on plan assets		(3,709	)		(3,696	)		(34	)		(36	)
Net amortization and deferral		1,342			996			(58	)		(78	)
Net periodic benefit cost	$	2,374		$	2,087		$	675		$	714

During the quarter ended June 30, 2011, the Company made contributions of approximately $2.1 million to its qualified and non-qualified pension plans.  Additional contributions of approximately $7.2 million are expected during the remaining nine months of fiscal year 2012.