RETIREMENT AND DEFERRED COMPENSATION PLANS

6 Months Ended

Jun. 30, 2016

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,	2016		2015		2016		2015
Service cost	$	2,260	$	2,504	$	1,163	$	1,139
Interest cost		1,694		1,589		482		412
Expected return on plan assets		(2,117)		(1,897)		(556)		(447)
Amortization of net loss		821		1,351		393		418
Amortization of prior service cost		—		—		89		64
Net periodic benefit cost	$	2,658	$	3,547	$	1,571	$	1,586
	Domestic Plans				Foreign Plans
Six Months Ended June 30,	2016		2015		2016		2015
Service cost	$	4,520	$	5,008	$	2,301	$	2,299
Interest cost		3,388		3,178		955		832
Expected return on plan assets		(4,235)		(3,795)		(1,101)		(902)
Amortization of net loss		1,642		2,702		777		843
Amortization of prior service cost		—		—		176		129
Net periodic benefit cost	$	5,315	$	7,093	$	3,108	$	3,201

EMPLOYER CONTRIBUTIONS

Although the Company has no minimum funding requirement, we contributed $10.0 million to our domestic defined benefit plans during the first quarter of 2016. The Company also expects to contribute approximately $5.0 million to our foreign defined benefit plans in 2016, and as of June 30, 2016, we have contributed approximately $1.2 million.