Pension and Postretirement Benefits

6 Months Ended

Jun. 30, 2012

Pension and Postretirement Benefits [Abstract]

Pension and Postretirement Benefits

Note 14. 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
	Pension Plans						Postretirement Benefit Plans						Foreign Pension Plans
	2012			2011			2012			2011			2012			2011
	(in thousands)
Service cost	$	27		$	37		$	42		$	37		$	122		$	94
Interest cost		290			300			227			232			183			186
Expected return on plan assets		(70	)		(141	)		(19	)		(33	)		(155	)		(171	)
Amortization of prior service credit		—			—			(279	)		(319	)		—			—
Recognized net actuarial loss		128			171			155			160			—			—
Net periodic benefit cost	$	375		$	367		$	126		$	77		$	150		$	109

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
	Pension Plans						Postretirement Benefit Plans						Foreign Pension Plans
	2012			2011			2012			2011			2012			2011
	(in thousands)
Service cost	$	54		$	74		$	79		$	74		$	244		$	185
Interest cost		587			600			424			464			371			369
Expected return on plan assets		(221	)		(282	)		(41	)		(66	)		(313	)		(337	)
Amortization of prior service credit		—			—			(557	)		(638	)		—			—
Recognized net actuarial loss		258			341			309			320			—			—
Net periodic benefit cost	$	678		$	733		$	214		$	154		$	302		$	217

Viad expects to contribute $1.6 million to its funded pension plans, $952,000 to its unfunded pension plans and $450,000 to its postretirement benefit plans in 2012. During the six months ended June 30, 2012, Viad contributed $683,000 to its funded pension plans and $470,000 to its unfunded pension plans. However, due to timing, Viad made no contributions to the postretirement benefit plans during the six months ended June 30, 2012.