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Defined Benefit Pension Plans
 9 Months Ended
Sep. 30, 2020
Retirement Benefits [Abstract]  
Defined Benefit Pension Plans Defined Benefit Pension Plans
We sponsor both funded and unfunded defined benefit pension plans offering death and disability, retirement, and special termination benefits for certain of our international employees, primarily in Germany, France, Indonesia, India, and Italy. The defined benefit obligation is calculated annually by using the projected unit credit method. The measurement date for the pension plans was December 31, 2019.

Amounts recognized on the Consolidated Balance Sheets consist of:
In thousandsSeptember 30, 2020December 31, 2019
Assets
Plan assets in other long-term assets$— $44 
Liabilities
Current portion of pension benefit obligation in wages and benefits payable3,937 2,885 
Long-term portion of pension benefit obligation103,273 98,712 
Pension benefit obligation, net$107,210 $101,553 

Our asset investment strategy focuses on maintaining a portfolio using primarily insurance funds, which are accounted for as investments and measured at fair value, in order to achieve our long-term investment objectives on a risk adjusted basis. Our general funding policy for these qualified pension plans is to contribute amounts sufficient to satisfy regulatory funding standards of the respective countries for each plan.

Net periodic pension benefit cost for our plans include the following components:
Three Months Ended September 30,Nine Months Ended September 30,
In thousands2020201920202019
Service cost$1,007 $868 $3,000 $2,839 
Interest cost434 564 1,364 1,719 
Expected return on plan assets(85)(151)(365)(460)
Amortization of prior service costs17 16 49 49 
Amortization of actuarial net loss482 332 1,390 1,019 
Settlement286 250 286 250 
Net periodic benefit cost$2,141 $1,879 $5,724 $5,416 

The components of net periodic benefit cost, other than the service cost component, are included in total other income (expense) on the Consolidated Statements of Operations.