Retirement Plans

9 Months Ended

Sep. 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 nine months ended September 30, 2020 and 2019 were as follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
Interest cost	$	56	$	162	$	168	$	486
Expected return on plan assets	(58)		(180)		(173)		(540)
Recognized net actuarial loss	13		31		40		94
Net periodic pension cost	$	11	$	13	$	35	$	40

The Company made contributions to its United States defined benefit pension plan of $300 for the nine months ended September 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 nine months ended September 30, 2020 and 2019 were as follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
Interest cost	$	43	$	53	$	129	$	159
Expected return on plan assets	(59)		(60)		(177)		(180)
Amortization of prior service costs and transition amount	6		10		18		30
Recognized net actuarial loss	63		52		189		156
Net periodic pension cost	$	53	$	55	$	159	$	165

United Kingdom regulations require trustees to adopt a prudent approach to funding required contributions to defined benefit pension plans. For the nine months ended September 30, 2020, the Company contributed approximately $231 to the plan. The Company anticipates total contributions of approximately $309 to the United Kingdom pension plan during 2020.

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 for the periods presented:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
United States	$	346	$	602	$	558	$	1,744
Canada	25		29		93		102
United Kingdom	111		103		321		328
	$	482	$	734	$	972	$	2,174