XML 63 R22.htm IDEA: XBRL DOCUMENT v2.3.0.15
Retirement Benefits
9 Months Ended
Sep. 30, 2011
Retirement Benefits [Abstract] 
Retirement Benefits

15. 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     Pension Benefits  
     Three Months Ended September 30,     Nine Months Ended September 30,  
     2011     2010     2011     2010  
     U.S.     Non-U.S.     U.S.     Non-U.S.     U.S.     Non-U.S.     U.S.     Non-U.S.  
     (In thousands)  

Service cost

   $ 399      $ 207      $ 311      $ 173      $ 1,319      $ 620      $ 1,249      $ 357   

Interest cost

     1,116        587        1,114        519        3,380        1,756        3,393        1,071   

Expected return on plan assets

     (1,171     (278     (1,081     (80     (3,567     (837     (3,297     (163

Net amortization

     1,261        111        1,047        72        3,423        334        3,301        148   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net periodic benefit cost

   $ 1,605      $ 627      $ 1,391      $ 684      $ 4,555      $ 1,873      $ 4,646      $ 1,413   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

     Other Postretirement Benefits  
     Three Months  Ended
September 30,
    Nine Months  Ended
September30,
 
     2011     2010     2011     2010  
     (In thousands)  

Service cost

   $ 173      $ 130      $ 519      $ 390   

Interest cost

     259        259        778        778   

Net amortization

     (39     (87     (117     (262
  

 

 

   

 

 

   

 

 

   

 

 

 

Net periodic benefit cost

   $ 393      $ 302      $ 1,180      $ 906   
  

 

 

   

 

 

   

 

 

   

 

 

 

The Company previously disclosed in its financial statements for the year ended December 31, 2010, that it expected to contribute approximately $7.9 million to its pension plans and $1.0 million to its other postretirement benefit plans in 2011. As of September 30, 2011, $6.1 million of contributions have been made to its pension plans and $0.6 million have been made to its other postretirement benefit plans. The Company presently anticipates contributing up to an additional $2.2 million in 2011 to fund its pension plans and other postretirement benefit plans.