XML 18 R24.htm IDEA: XBRL DOCUMENT v2.4.0.8
Retirement Benefits
9 Months Ended
Sep. 30, 2013
Compensation and Retirement Disclosure [Abstract]  
Retirement Benefits
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,
 
2013
 
2012
 
U.S.
 
Non-U.S.
 
U.S.
 
Non-U.S.
 
(In thousands)
Service cost
$
381

 
$
373

 
$
239

 
$
328

Interest cost
673

 
593

 
876

 
527

Expected return on plan assets
(1,326
)
 
(298
)
 
(964
)
 
(256
)
Net amortization
1,491

 
263

 
817

 
77

Net periodic benefit cost
$
1,219

 
$
931

 
$
968

 
$
676

 
 
Pension Benefits
 
Nine Months Ended September 30,
 
2013
 
2012
 
U.S.
 
Non-U.S.
 
U.S.
 
Non-U.S.
 
(In thousands)
Service cost
$
1,144

 
$
1,057

 
$
1,272

 
$
1,006

Interest cost
2,825

 
1,645

 
3,051

 
1,632

Expected return on plan assets
(3,989
)
 
(814
)
 
(3,361
)
 
(773
)
Net amortization
4,482

 
731

 
4,244

 
244

Net periodic benefit cost
$
4,462

 
$
2,619

 
$
5,206

 
$
2,109


 
 
Other Postretirement Benefits
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2013
 
2012
 
2013
 
2012
 
(In Thousands)
Service cost
$
241

 
$
191

 
$
726

 
$
572

Interest cost
226

 
230

 
680

 
687

Net amortization
6

 
(37
)
 
17

 
(111
)
Net periodic benefit cost
$
473

 
$
384

 
$
1,423

 
$
1,148


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 September 30, 2013, $6.0 million of contributions have been made to the defined benefit plans and $0.6 million has been made to its other postretirement benefit plans. The Company presently anticipates contributing up to an additional $0.5 million in 2013 to fund these plans.