RETIREMENT AND DEFERRED COMPENSATION PLANS

3 Months Ended

Mar. 31, 2015

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,	2015			2014			2015			2014
Service cost	$	2,504		$	2,011		$	1,160		$	1,079
Interest cost	1,589			1,482			420			699
Expected return on plan assets	(1,898		)	(1,646		)	(455		)	(510		)
Amortization of net loss	1,351			717			425			313
Amortization of prior service cost	--			--			65			81
Net periodic benefit cost	$	3,546		$	2,564		$	1,615		$	1,662

EMPLOYER CONTRIBUTIONS

Although the Company has no minimum funding requirement, we plan to contribute approximately $10 million to our domestic defined benefit plans in 2015.  No 2015 contributions were made as of March 31, 2015.  The Company also expects to contribute approximately $12.8 million to our foreign defined benefit plans in 2015, and as of March 31, 2015, we have contributed approximately $0.6 million.