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RETIREMENT AND DEFERRED COMPENSATION PLANS
3 Months Ended
Mar. 31, 2012
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 March 31,

 

2012

 

2011

 

2012

 

2011

 

 

 

 

 

 

 

 

 

 

 

Service cost

 

$

1,804

 

$

1,370

 

$

519

 

$

516

 

Interest cost

 

1,228

 

1,134

 

645

 

648

 

Expected return on plan assets

 

(1,401

)

(1,040

)

(388

)

(461

)

Amortization of net loss

 

964

 

431

 

121

 

200

 

Amortization of prior service cost

 

1

 

1

 

92

 

97

 

Net periodic benefit cost

 

$

2,596

 

$

1,896

 

$

989

 

$

1,000

 

 

EMPLOYER CONTRIBUTIONS

In order to meet or exceed minimum funding levels required by U.S. law, the Company expects to contribute approximately $14.0 million to its domestic defined benefit plans in 2012 and did not make any contributions as of March 31, 2012.  The Company also expects to contribute approximately $3.9 million to its foreign defined benefit plans in 2012 and as of March 31, 2012, has contributed approximately $0.4 million.