Pension And Other Retirement Plans

6 Months Ended

Jun. 30, 2019

Retirement Benefits [Abstract]

Pension and Other Retirement Plans

NOTE 10: PENSION AND OTHER RETIREMENT PLANS

The components of net periodic benefit credit for Company-sponsored pension plans were as follows (in thousands):

	Pension Benefits
	Three Months Ended						Six Months Ended
	June 30, 2019			June 30, 2018			June 30, 2019			June 30, 2018
Service cost	$	203		$	174		$	416		$	467
Interest cost	19,229			17,829			38,398			35,569
Expected return on plans’ assets	(23,769		)	(24,823		)	(47,554		)	(49,641		)
Recognized actuarial loss	—			8			—			8
Amortization of prior service costs	39			35			79			70
Net periodic benefit credit	$	(4,298	)	$	(6,777	)	$	(8,661	)	$	(13,527	)

Net periodic benefit cost related to other post retirement benefit plans was not material for all periods presented. The service cost component of pension net periodic benefit credit is included in SG&A in the Company’s unaudited Condensed Consolidated Statements of Operations. All other components of net periodic benefit credit are included in Pension and other postretirement periodic benefit credit, net in the Company’s unaudited Condensed Consolidated Statements of Operations.

For 2019, the Company expects to contribute $3 million to its qualified pension plans and $1 million to its other postretirement plans. In the three and six months ended June 30, 2019, the Company’s contributions were not material. In the six months ended June 30, 2018, the Company contributed $24.5 million to its qualified pension plans.