XML 60 R23.htm IDEA: XBRL DOCUMENT v2.4.0.8
Retirement Benefits
6 Months Ended
Jun. 30, 2014
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 June 30,
 
2014
 
2013
 
U.S.
 
Non-U.S.
 
U.S.
 
Non-U.S.
 
 
Service cost
$
323

 
$
392

 
$
326

 
$
345

Interest cost
1,053

 
605

 
1,209

 
533

Expected return on plan assets
(1,408
)
 
(329
)
 
(1,310
)
 
(260
)
Net amortization
674

 
219

 
1,377

 
237

Net periodic benefit cost
$
642

 
$
887

 
$
1,602

 
$
855

 
Pension Benefits
 
Six Months Ended June 30,
 
2014
 
2013
 
U.S.
 
Non-U.S.
 
U.S.
 
Non-U.S.
Service cost
$
645

 
$
766

 
$
763

 
$
684

Interest cost
2,106

 
1,204

 
2,152

 
1,052

Expected return on plan assets
(2,816
)
 
(657
)
 
(2,663
)
 
(516
)
Net amortization
1,374

 
439

 
2,991

 
468

Net periodic benefit cost
$
1,309

 
$
1,752

 
$
3,243

 
$
1,688


 
 
Other Postretirement Benefits
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2014
 
2013
 
2014
 
2013
Service cost
$
179

 
$
242

 
$
357

 
$
485

Interest cost
233

 
227

 
466

 
454

Net amortization
(119
)
 
6

 
(237
)
 
11

Net periodic benefit cost
$
293

 
$
475

 
$
586

 
$
950


The Company previously disclosed in its financial statements for the year ended December 31, 2013, that it expected to contribute approximately $2.8 million to its defined benefit plans and $0.9 million to its other postretirement benefit plans in 2014. As of June 30, 2014, the Company expects to contribute $4.1 million to its defined benefit plans and $0.9 million to its other postretirement benefit plans in 2014. The Company contributed a total of $2.7 million during the first six months of 2014 and anticipates contributing up to an additional $2.3 million in 2014 to fund these plans.