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Retirement Benefits
6 Months Ended
Jun. 30, 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 June 30,  
     2013     2012  
     U.S.     Non-U.S.     U.S.     Non-U.S.  
     (In thousands)  

Service cost

   $ 326      $ 345      $ 547      $ 336   

Interest cost

     1,209        533        1,083        548   

Expected return on plan assets

     (1,310     (260     (1,186     (260

Net amortization

     1,377        237        1,836        84   
  

 

 

   

 

 

   

 

 

   

 

 

 

Net periodic benefit cost

   $ 1,602      $ 855      $ 2,280      $ 708   
  

 

 

   

 

 

   

 

 

   

 

 

 

 

     Pension Benefits  
     Six Months Ended June 30,  
     2013     2012  
     U.S.     Non-U.S.     U.S.     Non-U.S.  
     (In thousands)  

Service cost

   $ 763      $ 684      $ 1,033      $ 678   

Interest cost

     2,152        1,052        2,175        1,105   

Expected return on plan assets

     (2,663     (516     (2,397     (517

Net amortization

     2,991        468        3,427        167   
  

 

 

   

 

 

   

 

 

   

 

 

 

Net periodic benefit cost

   $ 3,243      $ 1,688      $ 4,238      $ 1,433   
  

 

 

   

 

 

   

 

 

   

 

 

 

 

     Other Postretirement Benefits  
     Three Months Ended
June  30,
    Six Months Ended
June  30,
 
     2013      2012     2013      2012  
     (In thousands)  

Service cost

   $ 242       $ 191      $ 485       $ 381   

Interest cost

     227         228        454         457   

Net amortization

     6         (37     11         (74
  

 

 

    

 

 

   

 

 

    

 

 

 

Net periodic benefit cost

   $ 475       $ 382      $ 950       $ 764   
  

 

 

    

 

 

   

 

 

    

 

 

 

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 June 30, 2013, $3.4 million of contributions have been made to the defined benefit plans and $0.5 million has been made to its other postretirement benefit plans. The Company presently anticipates contributing up to an additional $4.0 million in 2013 to fund these plans.