XML 51 R24.htm IDEA: XBRL DOCUMENT v2.4.1.9
Retirement Benefits
 3 Months Ended
Mar. 31, 2015
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 March 31,
 
2015
 
2014
 
U.S.
 
Non-U.S.
 
U.S.
 
Non-U.S.
Service cost
$
375

 
$
381

 
$
323

 
$
374

Interest cost
938

 
435

 
1,053

 
599

Expected return on plan assets
(1,248
)
 
(276
)
 
(1,408
)
 
(327
)
Net amortization
824

 
459

 
699

 
219

Net periodic benefit cost
$
889

 
$
999

 
$
667

 
$
865


 
 
 
 
 
 
Three Months Ended March 31,
 
 
2015
 
2014
Service cost
 
$
169

 
$
178

Interest cost
 
209

 
233

Net amortization
 
(108
)
 
(118
)
Net periodic benefit cost
 
$
270

 
$
293


The Company previously disclosed in its financial statements for the year ended December 31, 2014, that it expected to contribute approximately $1.6 million to its defined benefit plans and $0.5 million to its other postretirement benefit plans in 2015. As of March 31, 2015, the Company now expects to contribute $5.7 million to its defined benefit plans and $0.6 million to its other postretirement benefit plans in 2015. The Company contributed a total of $0.5 million during the first three months of 2015 to fund these plans.