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RETIREMENT AND DEFERRED COMPENSATION PLANS
3 Months Ended
Mar. 31, 2014
RETIREMENT AND DEFERRED COMPENSATION PLANS  
RETIREMENT AND DEFERRED COMPENSATION PLANS

NOTE 5 — RETIREMENT AND DEFERRED COMPENSATION PLANS

 

Components of Net Periodic Benefit Cost:

 

 

 

 

Domestic Plans

 

Foreign Plans

 

Three months ended March 31,

 

2014

 

2013

 

2014

 

2013

 

 

 

 

 

 

 

 

 

 

 

Service cost

 

$

2,011

 

$

2,225

 

$

1,079

 

$

969

 

Interest cost

 

1,482

 

1,250

 

699

 

665

 

Expected return on plan assets

 

(1,646

)

(1,414

)

(510

)

(452

)

Amortization of net loss

 

717

 

1,434

 

313

 

352

 

Amortization of prior service cost

 

--

 

1

 

81

 

93

 

Net periodic benefit cost

 

$

2,564

 

$

3,496

 

$

1,662

 

$

1,627

 

 

EMPLOYER CONTRIBUTIONS

Although the Company has no minimum funding requirement, we plan to contribute approximately $10 million to our domestic defined benefit plans in 2014.  No 2014 contributions were made as of March 31, 2014. The Company also expects to contribute approximately $5.6 million to our foreign defined benefit plans in 2014 and, as of March 31, 2014, we have contributed approximately $0.8 million.