Pension and Postretirement Benefits

6 Months Ended

Jun. 30, 2011

Pension and Postretirement Benefits [Abstract]

Pension and Postretirement Benefits

Note 13. Pension and Postretirement Benefits

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

	Domestic Plans
							Postretirement						Foreign
	Pension Plans						Benefit Plans						Pension Plans
	2011			2010			2011			2010			2011			2010
	(in thousands)
Service cost	$	37		$	53		$	37		$	27		$	94		$	76
Interest cost		300			311			232			265			186			195
Expected return on plan assets		(141	)		(149	)		(33	)		(41	)		(171	)		(151	)
Amortization of prior service cost (credit)		—			10			(319	)		(293	)		—			—
Recognized net actuarial loss		171			138			160			156			—			—
Net periodic benefit cost	$	367		$	363		$	77		$	114		$	109		$	120

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

	Domestic Plans
							Postretirement						Foreign
	Pension Plans						Benefit Plans						Pension Plans
	2011			2010			2011			2010			2011			2010
	(in thousands)
Service cost	$	74		$	106		$	74		$	54		$	185		$	151
Interest cost		600			622			464			530			369			387
Expected return on plan assets		(282	)		(298	)		(66	)		(82	)		(337	)		(299	)
Amortization of prior service cost (credit)		—			20			(638	)		(586	)		—			—
Recognized net actuarial loss		341			277			320			313			—			—
Net periodic benefit cost	$	733		$	727		$	154		$	229		$	217		$	239

Viad expects to contribute $1.7 million to its funded pension plans, $959,000 to its unfunded pension plans and $500,000 to its postretirement benefit plans in 2011. As of June 30, 2011, Viad had contributed $524,000 to its funded pension plans, $476,000 to its unfunded pension plans and $71,000 to its postretirement benefit plans.