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Retirement Benefits
9 Months Ended
Sep. 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 September 30,  
     2012     2011  
     U.S.     Non-U.S.     U.S.     Non-U.S.  
     (In thousands)  

Service cost

   $ 239      $ 328      $ 399      $ 207   

Interest cost

     876        527        1,116        587   

Expected return on plan assets

     (964     (256     (1,171     (278

Net amortization

     817        77        1,261        111   
  

 

 

   

 

 

   

 

 

   

 

 

 

Net periodic benefit cost

   $ 968      $ 676      $ 1,605      $ 627   
  

 

 

   

 

 

   

 

 

   

 

 

 

 

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

Service cost

   $ 1,272      $ 1,006      $ 1,319      $ 620   

Interest cost

     3,051        1,632        3,380        1,756   

Expected return on plan assets

     (3,361     (773     (3,567     (837

Net amortization

     4,244        244        3,423        334   
  

 

 

   

 

 

   

 

 

   

 

 

 

Net periodic benefit cost

   $ 5,206      $ 2,109      $ 4,555      $ 1,873   
  

 

 

   

 

 

   

 

 

   

 

 

 

 

     Other Postretirement Benefits  
     Three Months Ended September 30,     Nine Months Ended September 30,  
         2012             2011             2012             2011      
     (In thousands)  

Service cost

   $ 191      $ 173      $ 572      $ 519   

Interest cost

     230        259        687        778   

Net amortization

     (37     (39     (111     (117
  

 

 

   

 

 

   

 

 

   

 

 

 

Net periodic benefit cost

   $ 384      $ 393      $ 1,148      $ 1,180   
  

 

 

   

 

 

   

 

 

   

 

 

 

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 September 30, 2012, $8.1 million of contributions have been made to the pension plans and $0.4 million have been made to its other postretirement benefit plans. The Company presently anticipates contributing up to an additional $1.8 million in 2012 to fund its pension plans and other postretirement benefit plans.