XML 63 R23.htm IDEA: XBRL DOCUMENT v2.4.0.8
Retirement Benefits
9 Months Ended
Sep. 30, 2014
Compensation and Retirement Disclosure [Abstract]  
Retirement Benefits
Retirement Benefits
The Company sponsors several qualified and nonqualified defined benefit and defined contribution pension plans and other postretirement plans for its employees. The following tables provide the components of net periodic benefit cost for its major defined benefit plans and its other postretirement plans.
 
 
 
 
 
 
 
 
 
Pension Benefits
 
Three Months Ended September 30,
 
2014
 
2013
 
U.S.
 
Non-U.S.
 
U.S.
 
Non-U.S.
 
 
Service cost
$
227

 
$
377

 
$
381

 
$
373

Interest cost
896

 
593

 
673

 
593

Expected return on plan assets
(1,219
)
 
(329
)
 
(1,326
)
 
(298
)
Net amortization
590

 
394

 
1,491

 
263

Net periodic benefit cost
$
494

 
$
1,035

 
$
1,219

 
$
931

 
Pension Benefits
 
Nine Months Ended September 30,
 
2014
 
2013
 
U.S.
 
Non-U.S.
 
U.S.
 
Non-U.S.
Service cost
$
872

 
$
1,143

 
$
1,144

 
$
1,057

Interest cost
3,002

 
1,797

 
2,825

 
1,645

Expected return on plan assets
(4,035
)
 
(986
)
 
(3,989
)
 
(814
)
Net amortization
1,964

 
833

 
4,482

 
731

Net periodic benefit cost
$
1,803

 
$
2,787

 
$
4,462

 
$
2,619


 
 
Other Postretirement Benefits
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2014
 
2013
 
2014
 
2013
Service cost
$
178

 
$
241

 
$
535

 
$
726

Interest cost
233

 
226

 
699

 
680

Net amortization
(118
)
 
6

 
(355
)
 
17

Net periodic benefit cost
$
293

 
$
473

 
$
879

 
$
1,423


The Company previously disclosed in its financial statements for the year ended December 31, 2013, that it expected to contribute approximately $2.8 million to its defined benefit plans and $0.9 million to its other postretirement benefit plans in 2014. As of September 30, 2014, the Company now expects to contribute $3.8 million to its defined benefit plans and $0.8 million to its other postretirement benefit plans in 2014. The Company contributed a total of $3.7 million during the first nine months of 2014 and anticipates contributing up to an additional $0.9 million in 2014 to fund these plans.