RETIREMENT AND DEFERRED COMPENSATION PLANS

3 Months Ended

Mar. 31, 2017

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 March 31,	2017		2016		2017		2016
Service cost	$	2,420	$	2,260	$	1,337	$	1,138
Interest cost		1,748		1,694		424		473
Expected return on plan assets		(2,464)		(2,118)		(568)		(545)
Amortization of net loss		801		821		447		384
Amortization of prior service cost		—		—		94		87
Net periodic benefit cost	$	2,505	$	2,657	$	1,734	$	1,537

EMPLOYER CONTRIBUTIONS

Although the Company has no minimum funding requirement, we expect to contribute approximately $24.0 million to our domestic defined benefit plans in 2017. As of March 31, 2017, we have contributed $20.0 million to these plans. We also expect to contribute approximately $2.5 million to our foreign defined benefit plans in 2017, and as of March 31, 2017, we have contributed approximately $0.9 million.