Defined Benefit Plans

6 Months Ended

Jun. 30, 2016

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 six months ended June 30, 2016 and 2015 are as follows (dollars in thousands):

	Pension Plans												Other Postretirement Benefits
	Three months ended June 30,						Six months ended June 30,						Three months ended June 30,						Six months ended June 30,
	2016			2015			2016			2015			2016			2015			2016			2015
Service costs	$	240		$	230		$	490		$	470		$	—		$	—		$	—		$	—
Interest costs	390			410			790			830			10			—			10			10
Expected return on plan assets	(420		)	(490		)	(840		)	(1,010		)	—			—			—			—
Amortization of prior service cost	10			10			10			10			—			—			—			—
Settlement/curtailment loss	—			2,750			—			2,750			—			—			—			—
Amortization of net (gain)/loss	240			360			470			740			(20		)	(10		)	(30		)	(20		)
Net periodic benefit cost	$	460		$	3,270		$	920		$	3,790		$	(10	)	$	(10	)	$	(20	)	$	(10	)

During the three months ended June 30, 2015, the Company recognized a one-time settlement charge associated with annuitizing the defined benefit obligations for certain current and former Cequent employees. The settlement charge of approximately $2.8 million is included in loss from discontinued operations in the accompanying consolidated statement of income.

The Company contributed approximately $0.6 million and $1.1 million to its defined benefit pension plans during the three and six months ended June 30, 2016, respectively. The Company expects to contribute approximately $2.0 million to its defined benefit pension plans for the full year 2016.