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Retirement Benefits
 9 Months Ended
Sep. 30, 2021
Retirement Benefits [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,
 20212020
 U.S.Non-U.S.U.S.Non-U.S.
Service cost$38 $508 $34 $539 
Interest cost43 183 312 263 
Expected return on plan assets(39)(253)(927)(291)
Settlement loss recognized— — 326 — 
Net amortization74 548 643 427 
Net periodic cost$116 $986 $388 $938 
 Pension Benefits
 Nine Months Ended September 30,
 20212020
 U.S.Non-U.S.U.S.Non-U.S.
Service cost$113 $1,523 $103 $1,620 
Interest cost209 549 963 789 
Expected return on plan assets(815)(758)(2,804)(873)
Settlement loss recognized10,496 — 702 — 
Net amortization299 1,645 852 1,279 
Net periodic (benefit) cost$10,302 $2,959 $(184)$2,815 
 Other Postretirement Benefits
 Three Months Ended September 30,Nine Months Ended September 30,
 2021202020212020
Service cost$179 $154 $535 $463 
Interest cost102 156 307 469 
Net amortization(169)(135)(508)(407)
Net periodic cost$112 $175 $334 $525 

The Company expects to contribute approximately $3.4 million to its defined benefit plans and $1.0 million to its other postretirement benefit plans in 2021. During the first nine months of 2021, the Company contributed a total of $3.3 million to fund these plans.

Effective September 30, 2019, the IDEX Corporation Retirement Plan (“Plan”), a U.S. defined benefit plan, was amended to freeze the accrual of retirement benefits for all participants. This action impacted fewer than 60 participants, as the Plan had been closed to new entrants as of December 31, 2004 and frozen as of December 31, 2005 for all but certain older, longer service participants. Subsequent to the freeze, termination of the Plan was approved in November 2019. Participants were notified in February 2020 and the Plan was terminated in May 2020. During the nine months ended September 30, 2021, the Company settled its remaining obligations under the U.S. pension plan through a combination of lump-sum payments to eligible participants who elected them, and through the purchase of annuities from Legal and General, an A rated third-party insurer. The Company recognized a net loss of $9.7 million, which was recorded within Other expense (income) - net. The net loss consisted of $10.7 million related to previously deferred pension related costs, partially offset by $1.0 million related to an increase in plan assets remaining after the settlement. As of September 30, 2021, the Plan had surplus plan assets of
approximately $10.9 million, consisting of investments in equities of $1.1 million and fixed income of $9.8 million. These plan assets are included in Other current assets on the Company’s Condensed Consolidated Balance Sheets and will be used to fund the Company’s other retirement benefit plans over the next twelve months.