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Retirement Benefits
3 Months Ended
Mar. 31, 2013
Retirement Benefits

16.    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,  
     2013     2012  
     U.S.     Non-U.S.     U.S.     Non-U.S.  
     (In thousands)  

Service cost

   $ 437      $ 339      $ 486      $ 342   

Interest cost

     943        519        1,092        557   

Expected return on plan assets

     (1,353     (256     (1,211     (257

Net amortization

     1,614        230        1,591        83   
  

 

 

   

 

 

   

 

 

   

 

 

 

Net periodic benefit cost

   $ 1,641      $ 832      $ 1,958      $ 725   
  

 

 

   

 

 

   

 

 

   

 

 

 

 

     Other Postretirement Benefits  
     Three Months Ended March 31,  
     2013      2012  

Service cost

   $ 242       $ 190   

Interest cost

     227         229   

Net amortization

     6         (37
  

 

 

    

 

 

 

Net periodic benefit cost

   $ 475       $ 382   
  

 

 

    

 

 

 

The Company previously disclosed in its financial statements for the year ended December 31, 2012, that it expected to contribute approximately $7.0 million to its defined benefit plans and $0.9 million to its other postretirement benefit plans in 2013. As of March 31, 2013, $1.9 million of contributions have been made to the defined benefit plans and $0.2 million has been made to its other postretirement benefit plans. The Company presently anticipates contributing up to an additional $5.8 million in 2013 to fund these plans.