Pension and Postretirement Benefits

6 Months Ended

Jun. 30, 2014

Compensation and Retirement Disclosure [Abstract]

Pension and Postretirement Benefits

Pension and Postretirement Benefits

The net periodic benefit cost of Viad’s pension and postretirement plans for the three months ended June 30, 2014 included the following components:

	Domestic Plans
	Pension Plans						Postretirement Benefit Plans						Foreign Pension Plans
(in thousands)	2014			2013			2014			2013			2014			2013
Service cost	$	22		$	30		$	60		$	46		$	105		$	134
Interest cost	266			261			201			173			160			175
Expected return on plan assets	(117		)	(100		)	—			—			(162		)	(175		)
Amortization of prior service credit	—			—			(148		)	(225		)	—			—
Recognized net actuarial loss	85			149			108			141			2			10
Net periodic benefit cost	$	256		$	340		$	221		$	135		$	105		$	144

The net periodic benefit cost of Viad’s pension and postretirement plans for the six months ended June 30, included the following components:

	Domestic Plans
	Pension Plans						Postretirement Benefit Plans						Foreign Pension Plans
(in thousands)	2014			2013			2014			2013			2014			2013
Service cost	$	45		$	60		$	94		$	92		$	209		$	271
Interest cost	546			522			377			346			320			356
Expected return on plan assets	(220		)	(200		)	—			—			(323		)	(355		)
Amortization of prior service credit	—			—			(296		)	(450		)	—			—
Recognized net actuarial loss	204			298			209			282			5			20
Net periodic benefit cost	$	575		$	680		$	384		$	270		$	211		$	292

Viad expects to contribute $1.4 million to its funded pension plans, $0.9 million to its unfunded pension plans and $1.0 million to its postretirement benefit plans in 2014. During the six months ended June 30, 2014, Viad contributed $0.6 million to its funded pension plans, $0.4 million to its unfunded pension plans and $0.1 million to its postretirement benefit plans.