RETIREMENT AND DEFERRED COMPENSATION PLANS

6 Months Ended

Jun. 30, 2015

RETIREMENT AND DEFERRED COMPENSATION PLANS

RETIREMENT AND DEFERRED COMPENSATION PLANS

NOTE 6 – RETIREMENT AND DEFERRED COMPENSATION PLANS

Components of Net Periodic Benefit Cost:

	Domestic Plans						Foreign Plans
Three months ended June 30,	2015			2014			2015			2014
Service cost	$	2,504		$	2,010		$	1,139		$	1,081
Interest cost	1,589			1,482			412			699
Expected return on plan assets	(1,897		)	(1,646		)	(447		)	(510		)
Amortization of net loss	1,351			717			418			313
Amortization of prior service cost	--			--			64			80
Net periodic benefit cost	$	3,547		$	2,563		$	1,586		$	1,663

	Domestic Plans						Foreign Plans
Six months ended June 30,	2015			2014			2015			2014
Service cost	$	5,008		$	4,021		$	2,299		$	2,160
Interest cost	3,178			2,964			832			1,398
Expected return on plan assets	(3,795		)	(3,292		)	(902		)	(1,020		)
Amortization of net loss	2,702			1,434			843			626
Amortization of prior service cost	--			--			129			161
Net periodic benefit cost	$	7,093		$	5,127		$	3,201		$	3,325

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 June 30, 2015.  The Company also expects to contribute approximately $12.6 million to our foreign defined benefit plans in 2015, and as of June 30, 2015, we have contributed approximately $1.0 million.