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Defined Benefit Plans
9 Months Ended
Sep. 30, 2013
Defined Benefit Pension Plans and Defined Benefit Postretirement Plans Disclosure [Abstract]  
Defined Benefit Plans
Defined Benefit Plans
Net periodic pension and postretirement benefit costs for the Company's defined benefit pension plans and postretirement benefit plans cover certain foreign employees, union hourly employees and salaried employees. The components of net periodic pension and postretirement benefit costs for the three and nine months ended September 30, 2013 and 2012 are as follows:
 
 
Pension Plans
 
Other Postretirement Benefits
 
 
Three months ended
September 30,
 
Nine months ended
September 30,
 
Three months ended
September 30,
 
Nine months ended
September 30,
 
 
2013
 
2012
 
2013
 
2012
 
2013
 
2012
 
2013
 
2012
 
 
(dollars in thousands)
Service costs
 
$
170

 
$
150

 
$
520

 
$
450

 
$

 
$

 
$

 
$

Interest costs
 
410

 
410

 
1,230

 
1,210

 
10

 
20

 
30

 
40

Expected return on plan assets
 
(460
)
 
(430
)
 
(1,380
)
 
(1,280
)
 

 

 

 

Amortization of prior service cost
 

 

 
10

 
10

 

 
(70
)
 

 
(200
)
Settlement/curtailment (gain)
 

 

 

 

 

 
(1,490
)
 

 
(1,490
)
Amortization of net (gain)/loss
 
320

 
260

 
960

 
790

 
(20
)
 
(20
)
 
(60
)
 
(60
)
Net periodic benefit cost
 
$
440

 
$
390

 
$
1,340

 
$
1,180

 
$
(10
)
 
$
(1,560
)
 
$
(30
)
 
$
(1,710
)

During the third quarter of 2012, the Company recognized previously deferred gains associated with one of the Company's postretirement benefit plans of approximately $1.5 million as a result of not having any remaining eligible participants. This benefit is included in selling, general and administrative expenses in the accompanying consolidated statement of income.
The Company contributed approximately $0.7 million and $2.6 million to its defined benefit pension plans during the three and nine months ended September 30, 2013, respectively. The Company expects to contribute approximately $3.0 million to its defined benefit pension plans for the full year 2013.