Pension and Other Post-Retirement Benefit Plans

9 Months Ended

Sep. 30, 2020

Retirement Benefits [Abstract]

Pension and Other Post-Retirement Benefit Plans

Pension and Other Post-Retirement Benefit Plans

We sponsor pension and other post-retirement benefit plans that cover certain hourly and salaried employees in the United States and United Kingdom. Each of the plans are frozen to new participants. Our practice is to make annual contributions to the plans to fund the minimum contributions as required by local regulations.

The components of net periodic (benefit) cost related to pension and other post-retirement benefit plans is as follows:

	U.S. Pension and Other Post-Retirement Benefit Plans				Non-U.S. Pension Plan
	Three Months Ended September 30,				Three Months Ended September 30,
	2020		2019		2020		2019
Interest cost	281		217		210		268
Expected return on plan assets	(519)		(470)		(277)		(268)
Amortization of prior service cost	2		23		151		12
Recognized actuarial loss	74		75		12		129
Net (benefit) cost	$	(162)	$	(155)	$	96	$	141

	U.S. Pension and Other Post-Retirement Benefit Plans				Non-U.S. Pension Plan
	Nine months ended September 30,				Nine months ended September 30,
	2020		2019		2020		2019
Interest cost	843		1,107		618		831
Expected return on plan assets	(1,556)		(1,794)		(806)		(834)
Amortization of prior service cost	5		2,517		437		36
Recognized actuarial loss	223		262		36		397
Net (benefit) cost	$	(485)	$	2,092	$	285	$	430

Net periodic (benefit) cost components, not inclusive of service costs, are recognized in interest and other expense within the Condensed Consolidated Statements of Operations.

We expect to contribute $1.0 million to our pension and other post-retirement benefit plans in 2020. As of September 30, 2020, contributions totaling $0.7 million have been made.