Note 14 - Retirement Plans

6 Months Ended

Jun. 30, 2019

Compensation And Retirement Disclosure [Abstract]

Retirement Plans

(14) Retirement Plans

The Company recognizes all components of net periodic benefit cost except service costs in “Other expenses, net” in its income statement.  Service costs are recognized in “Selling, general and administrative expenses” and “Cost of goods sold” in its income statement depending on the functional area of the underlying employees included in the plan.

Domestic Pension Plan

The components of net periodic benefit cost/(credit) for the Company’s domestic pension plan (which was frozen in 2007) for the three and six months ended June 30, 2019 and 2018 were as follows:

	Three Months Ended June 30,						Six Months Ended June 30,
	2019			2018			2019			2018
Components of net periodic benefit cost/(credit)
Interest cost	$	543		$	511		$	1,086		$	1,021
Expected return on plan assets		(683	)		(792	)		(1,365	)		(1,584	)
Recognized actuarial loss		208			180			415			359
Net periodic benefit cost/(credit)	$	68		$	(101	)	$	136		$	(204	)

International Pension Plan

The components of net periodic benefit cost for the Company’s international pension plan for the three and six months ended June 30, 2019 and 2018 were as follows:

	Three Months Ended June 30,					Six Months Ended June 30,
	2019		2018			2019		2018
Components of net periodic benefit cost
Service cost	$	270	$	253		$	548	$	523
Interest cost		162		182			329		376
Recognized actuarial loss		113		96			229		199
Amortization of prior service benefit		-		(1	)		-		(2	)
Net periodic benefit cost	$	545	$	530		$	1,106	$	1,096