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Retirement Benefits
6 Months Ended
Jun. 30, 2012
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  
     Three Months Ended June 30,  
     2012     2011  
     U.S.     Non-U.S.     U.S.     Non-U.S.  
     (In thousands)  

Service cost

   $ 547      $ 336      $ 460      $ 211   

Interest cost

     1,083        548        1,132        595   

Expected return on plan assets

     (1,186     (260     (1,198     (282

Net amortization

     1,836        84        1,081        113   
  

 

 

   

 

 

   

 

 

   

 

 

 

Net periodic benefit cost

   $ 2,280      $ 708      $ 1,475      $ 637   
  

 

 

   

 

 

   

 

 

   

 

 

 

 

     Pension Benefits  
     Six Months Ended June 30,  
     2012     2011  
     U.S.     Non-U.S.     U.S.     Non-U.S.  
     (In thousands)  

Service cost

   $ 1,033      $ 678      $ 920      $ 413   

Interest cost

     2,175        1,105        2,264        1,169   

Expected return on plan assets

     (2,397     (517     (2,396     (559

Net amortization

     3,427        167        2,162        223   
  

 

 

   

 

 

   

 

 

   

 

 

 

Net periodic benefit cost

   $ 4,238      $ 1,433      $ 2,950      $ 1,246   
  

 

 

   

 

 

   

 

 

   

 

 

 

 

     Other Postretirement Benefits  
     Three Months Ended June 30,     Six Months Ended June 30,  
         2012             2011             2012             2011      
     (In thousands)  

Service cost

   $ 191      $ 173      $ 381      $ 346   

Interest cost

     228        260        457        519   

Net amortization

     (37     (39     (74     (78
  

 

 

   

 

 

   

 

 

   

 

 

 

Net periodic benefit cost

   $ 382      $ 394      $ 764      $ 787   
  

 

 

   

 

 

   

 

 

   

 

 

 

The Company previously disclosed in its financial statements for the year ended December 31, 2011, that it expected to contribute approximately $9.4 million to its pension plans and $0.9 million to its other postretirement benefit plans in 2012. As of June 30, 2012, $5.3 million of contributions have been made to the pension plans and $0.3 million have been made to its other postretirement benefit plans. The Company presently anticipates contributing up to an additional $4.7 million in 2012 to fund its pension plans and other postretirement benefit plans.