Retirement Plans (Tables)

12 Months Ended

Dec. 31, 2011

The funded status of the defined benefit plans was as follows at December 31:

(in thousands)	2011			2010
Benefit obligation at beginning of year	$	63,790		$	58,142
Service cost		2,419			1,896
Interest cost		2,778			2,902
Plan amendments		-			1,099
Foreign currency exchange rate changes		(364	)		178
Benefits paid		(3,168	)		(2,665	)
Actuarial (gain) loss		(516	)		2,238
Benefit obligation at end of year		64,939			63,790
Plan assets at beginning of year		26,029			22,720
Company contributions		3,641			3,873
Foreign currency exchange rate changes		(385	)		231
Benefits paid		(3,168	)		(2,665	)
Actual gain on plan assets		2,580			1,870
Plan assets at end of year		28,697			26,029
Funded status	$	(36,242	)	$	(37,761	)
Accumulated benefit obligation	$	61,714		$	59,903

Amounts recognized in the Consolidated Balance Sheets at December 31:

(in thousands)	2011			2010
Accrued employee and retiree benefits	$	(45,134	)	$	(45,265	)
Prepaid expenses and other current assets		8,892			7,504
Net liability	$	(36,242	)	$	(37,761	)

Components of annual benefit cost:

(in thousands)	2011			2010			2009
Service cost	$	2,419		$	1,896		$	1,285
Interest cost		2,778			2,902			2,961
Expected return on plan assets		(1,520	)		(1,367	)		(1,103	)
Amortization of prior service cost		3,112			3,011			1,824
Recognized actuarial loss		1,388			1,252			166
Defined benefit expense	$	8,177		$	7,694		$	5,133

Weighted-average liability assumptions as of December 31:

	2011			2010
Discount rate		4.27	%		4.35	%
Expected return on plan assets		5.00	%		5.80	%
Rate of compensation increase		4.11	%		4.27	%

Weighted-average cost assumptions for the year ended December 31:

	2011			2010
Discount rate		4.35	%		5.04	%
Expected return on plan assets		5.80	%		6.06	%
Rate of compensation increase		4.27	%		4.38	%

Amounts recognized in accumulated other comprehensive income were as follows:

(in thousands)	2011		2010
Prior service cost	$	3,330	$	6,445
Unrecognized net actuarial loss		11,668		14,741