Retirement Plans

9 Months Ended

Sep. 30, 2021

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, as amended (“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, 2021 and 2020 were as follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
Interest cost	$	43	$	56	$	129	$	168
Expected return on plan assets	(62)		(58)		(185)		(173)
Recognized net actuarial loss	25		13		74		40
Net periodic pension cost	$	6	$	11	$	18	$	35

The Company has made contributions to its United States defined benefit pension plan of $300 during the nine months ended September 30, 2021 and expects to make total contributions of $420 during 2021.

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, 2021 and 2020 were as follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
Interest cost	$	28	$	43	$	84	$	129
Expected return on plan assets	(65)		(59)		(195)		(177)
Amortization of prior service costs and transition amount	7		6		21		18
Recognized net actuarial loss	83		63		249		189
Net periodic pension cost	$	53	$	53	$	159	$	159

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, 2021, the Company contributed approximately $255 to the plan. The Company anticipates total contributions of approximately $341 to the United Kingdom pension plan during 2021.

Defined Contribution Plans

The Company sponsors six defined contribution plans for hourly and salaried employees across its 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,
	2021		2020		2021		2020
United States	$	400	$	346	$	1,172	$	558
Canada	33		25		119		93
United Kingdom	131		111		386		321
	$	564	$	482	$	1,677	$	972