RETIREMENT AND DEFERRED COMPENSATION PLANS

6 Months Ended

Jun. 30, 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 June 30,	2017		2016		2017		2016
Service cost	$	2,433	$	2,260	$	1,382	$	1,163
Interest cost		1,757		1,694		438		482
Expected return on plan assets		(2,475)		(2,117)		(586)		(556)
Amortization of net loss		801		821		460		393
Amortization of prior service cost		—		—		98		89
Net periodic benefit cost	$	2,516	$	2,658	$	1,792	$	1,571

	Domestic Plans				Foreign Plans
Six Months Ended June 30,	2017		2016		2017		2016
Service cost	$	4,853	$	4,520	$	2,719	$	2,301
Interest cost		3,505		3,388		862		955
Expected return on plan assets		(4,939)		(4,235)		(1,154)		(1,101)
Amortization of net loss		1,602		1,642		907		777
Amortization of prior service cost		—		—		192		176
Net periodic benefit cost	$	5,021	$	5,315	$	3,526	$	3,108

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. During the first quarter of 2017, we contributed $20.0 million to these plans. We expect to contribute approximately $2.5 million to our foreign defined benefit plans in 2017, and as of June 30, 2017, we have contributed approximately $1.5 million.