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Employee Benefits
9 Months Ended
Sep. 30, 2014
Compensation and Retirement Disclosure [Abstract]  
Employee Benefits
Employee Benefits:
Pension and other defined contribution retirement plan expenses included the following components:
U.S. Plans
Three Months Ended September 30,
 
Nine Months Ended September 30,
(DOLLARS IN THOUSANDS)
2014
 
2013
 
2014
 
2013
Service cost for benefits earned
$
530

 
$
881

 
$
2,299

 
$
2,643

Interest cost on projected benefit obligation
6,349

 
5,740

 
18,812

 
17,222

Expected return on plan assets
(6,906
)
 
(6,557
)
 
(20,732
)
 
(19,671
)
Net amortization and deferrals
4,720

 
5,868

 
13,229

 
17,606

Net periodic benefit cost
4,693

 
5,932

 
13,608

 
17,800

Defined contribution and other retirement plans
1,964

 
1,585

 
5,866

 
5,531

Total expense
$
6,657

 
$
7,517

 
$
19,474

 
$
23,331

 
 
 
 
 
 
 
 
Non-U.S. Plans
Three Months Ended September 30,
 
Nine Months Ended September 30,
(DOLLARS IN THOUSANDS)
2014
 
2013
 
2014
 
2013
Service cost for benefits earned
$
2,772

 
$
4,086

 
$
10,722

 
$
12,256

Interest cost on projected benefit obligation
8,298

 
7,718

 
25,250

 
23,204

Expected return on plan assets
(12,576
)
 
(11,859
)
 
(37,731
)
 
(35,653
)
Net amortization and deferrals
2,058

 
2,315

 
8,012

 
6,967

Loss due to settlements and special terminations
32

 
35

 
32

 
110

Net periodic benefit cost
584

 
2,295

 
6,285

 
6,884

Defined contribution and other retirement plans
1,886

 
1,548

 
4,508

 
2,838

Total expense
$
2,470

 
$
3,843

 
$
10,793

 
$
9,722


The Company expects to contribute approximately $21 million to its non-U.S. pension plans during 2014. During the three and nine months ended September 30, 2014, $20 million of contributions were made to the qualified U.S. pension plans. In the three and nine months ended September 30, 2014, $4.7 million and $14.5 million of contributions were made to the non-U.S. plans, respectively. In the three and nine months ended September 30, 2014, $1.0 million and $3.1 million of benefit payments were made with respect to the Company’s non-qualified U.S. pension plan, respectively.
Expense recognized for postretirement benefits other than pensions included the following components: 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
(DOLLARS IN THOUSANDS)
2014
 
2013
 
2014
 
2013
Service cost for benefits earned
$
326

 
$
362

 
$
971

 
$
1,086

Interest cost on projected benefit obligation
1,197

 
1,168

 
3,672

 
3,504

Net amortization and deferrals
(1,124
)
 
(663
)
 
(3,082
)
 
(1,989
)
Total postretirement benefit expense
$
399

 
$
867

 
$
1,561

 
$
2,601


The Company expects to contribute approximately $5 million to its postretirement benefits other than pension plans during 2014. In the three and nine months ended September 30, 2014, $1.2 million and $4.5 million of contributions were made, respectively.