Defined Benefit Plans

9 Months Ended

Sep. 30, 2020

Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [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 September 30,				Nine months ended September 30,
	2020		2019		2020		2019
Service costs	$	320	$	270	$	950	$	790
Interest costs	240		260		710		800
Expected return on plan assets	(380)		(350)		(1,110)		(1,050)
Amortization of net loss	220		140		670		430
Net periodic benefit cost	$	400	$	320	$	1,220	$	970

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 operations.

The Company contributed approximately $0.2 million and $0.9 million to its defined benefit pension plans during the three and nine months ended September 30, 2020, respectively. The Company expects to contribute approximately $2.3 million to its defined benefit pension plans for the full year 2020