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RETIREMENT AND DEFERRED COMPENSATION PLANS
9 Months Ended
Sep. 30, 2011
RETIREMENT AND DEFERRED COMPENSATION PLANS 
RETIREMENT AND DEFERRED COMPENSATION PLANS

NOTE 4 — RETIREMENT AND DEFERRED COMPENSATION PLANS

 

Components of Net Periodic Benefit Cost:

 

 

 

 

Domestic Plans

 

Foreign Plans

 

Three months ended September 30,

 

2011

 

2010

 

2011

 

2010

 

 

 

 

 

 

 

 

 

 

 

Service cost

 

$

1,405

 

$

1,220

 

$

517

 

$

404

 

Interest cost

 

1,165

 

1,072

 

650

 

571

 

Expected return on plan assets

 

(1,566

)

(1,054

)

(462

)

(333

)

Amortization of net loss

 

398

 

164

 

200

 

62

 

Amortization of prior service cost

 

1

 

1

 

97

 

87

 

Net periodic benefit cost

 

$

1,403

 

$

1,403

 

$

1,002

 

$

791

 

 

 

 

 

 

 

 

 

 

 

 

 

Domestic Plans

 

Foreign Plans

 

Nine months ended September 30,

 

2011

 

2010

 

2011

 

2010

 

 

 

 

 

 

 

 

 

 

 

Service cost

 

$

4,095

 

$

3,587

 

$

1,547

 

$

1,233

 

Interest cost

 

3,392

 

3,151

 

1,945

 

1,745

 

Expected return on plan assets

 

(3,608

)

(3,098

)

(1,383

)

(1,018

)

Amortization of net loss

 

1,245

 

482

 

599

 

189

 

Amortization of prior service cost

 

3

 

3

 

291

 

265

 

Net periodic benefit cost

 

$

5,127

 

$

4,125

 

$

2,999

 

$

2,414

 

 

EMPLOYER CONTRIBUTIONS

In order to meet or exceed minimum funding levels required by U.S. law, the Company has contributed $12.2 million, as of September 30, 2011, to its domestic defined benefit plans and does not anticipate any further contribution during 2011.  The Company also expects to contribute approximately $2.1 million to its foreign defined benefit plans in 2011, and as of September 30, 2011, has contributed approximately $0.7 million.