Defined Benefit Plans

3 Months Ended

Mar. 31, 2020

Defined Benefit Plan [Abstract]

Defined Benefit Plans

Defined Benefit Plans

Net periodic pension benefit costs for the Company's defined benefit pension plans cover certain foreign employees, union hourly employees and salaried employees. The components of net periodic pension cost are as follows (dollars in thousands):

	Pension Plans
	Three months ended March 31,
	2020			2019
Service costs	$	320		$	260
Interest costs	240			270
Expected return on plan assets	(370		)	(350		)
Amortization of net loss	220			140
Net periodic benefit cost	$	410		$	320

The service cost component of net periodic benefit cost is recorded in cost of goods sold and selling, general and administrative expenses, while non-service cost components are recorded in other income (expense), net in the accompanying consolidated statement of income.

The Company contributed approximately $0.5 million to its defined benefit pension plans during the three months ended March 31, 2020. The Company expects to contribute approximately $1.1 million to its defined benefit pension plans for the full year 2020