Retirement Plans

6 Months Ended

Jun. 30, 2020

Employee-related Liabilities [Abstract]

Retirement Plans

Retirement Plans

Retirement Plans

The Company has three retirement plans that cover its hourly and salaried employees in the United States: one defined benefit plan, which is frozen, and two defined contribution plans. Employees are eligible to participate in the appropriate plan based on employment classification. The Company’s contributions to the defined benefit and defined contribution plans are governed by the Employee Retirement Income Security Act of 1974 (“ERISA”) and the Company’s policy and investment guidelines applicable to each respective plan. The Company’s policy is to contribute at least the minimum in accordance with the funding standards of ERISA.

The Company maintains two defined contribution plans for its employees in Canada, as well as one post-retirement benefit plan. The Company also maintains two defined contribution plans and one defined benefit plan for its employees in the United Kingdom.

United States Defined Benefit Plan

Net periodic pension costs for the United States defined benefit pension plan for the three and six months ended June 30, 2020 and 2019 were as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
	2020		2019		2020		2019
Interest cost	$	56	$	162	$	112	$	324
Expected return on plan assets	(58)		(180)		(115)		(360)
Recognized net actuarial loss	13		31		27		63
Net periodic pension cost	$	11	$	13	$	24	$	27

The Company has made contributions to its United States defined benefit pension plan of $150 for the six months ended June 30, 2020 and expects to make total contributions of $660 during 2020.

United Kingdom Defined Benefit Plan

Net periodic pension costs for the United Kingdom defined benefit pension plan for the three and six months ended June 30, 2020 and 2019 were as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
	2020		2019		2020		2019
Interest cost	$	43	$	54	$	86	$	108
Expected return on plan assets	(58)		(61)		(116)		(122)
Amortization of prior service costs and transition amount	6		11		12		22
Recognized net actuarial loss	63		53		126		106
Net periodic pension cost	$	54	$	57	$	108	$	114

United Kingdom regulations require trustees to adopt a prudent approach to funding required contributions to defined benefit pension plans. The Company anticipates total contributions of approximately $296 to the United Kingdom pension plan during 2020. For the six months ended June 30, 2020, the Company contributed approximately $152 to the plan.

Defined Contribution Plans

The Company sponsors six defined contribution plans for hourly and salaried employees across our domestic and international facilities. The following table summarizes the expense associated with the contributions made to these plans:

	Three Months Ended June 30,				Six Months Ended June 30,
	2020		2019		2020		2019
United States	$	433	$	680	$	295	$	1,230
Canada	30		34		69		72
United Kingdom	101		118		210		225
	$	564	$	832	$	574	$	1,527