RETIREMENT AND DEFERRED COMPENSATION PLANS

9 Months Ended

Sep. 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 September 30,	2015			2014			2015			2014
Service cost	$	2,504		$	2,011		$	1,145		$	1,043
Interest cost	1,589			1,482			414			676
Expected return on plan assets	(1,898		)	(1,647		)	(449		)	(494		)
Amortization of net loss	1,351			718			420			303
Amortization of prior service cost	--			--			64			78
Net periodic benefit cost	$	3,546		$	2,564		$	1,594		$	1,606
	Domestic Plans						Foreign Plans
Nine months ended September 30,	2015			2014			2015			2014
Service cost	$	7,512		$	6,032		$	3,444		$	3,203
Interest cost	4,767			4,446			1,246			2,074
Expected return on plan assets	(5,693		)	(4,939		)	(1,351		)	(1,514		)
Amortization of net loss	4,053			2,152			1,263			929
Amortization of prior service cost	--			--			193			239
Net periodic benefit cost	$	10,639		$	7,691		$	4,795		$	4,931

EMPLOYER CONTRIBUTIONS

Although the Company has no minimum funding requirement, the Company contributed $10.0 million to our U.S. plan during the third quarter and the first nine months of 2015 and does not expect to make any contribution to the U.S. plan in the last quarter of 2015.  The Company also expects to contribute approximately $12.6 million to our foreign defined benefit plans in 2015, and as of September 30, 2015, we have contributed approximately $1.5 million.