RETIREMENT AND DEFERRED COMPENSATION PLANS

3 Months Ended

Mar. 31, 2018

RETIREMENT AND DEFERRED COMPENSATION PLANS

RETIREMENT AND DEFERRED COMPENSATION PLANS

NOTE 7 – RETIREMENT AND DEFERRED COMPENSATION PLANS

Components of Net Periodic Benefit Cost:

	Domestic Plans				Foreign Plans
Three Months Ended March 31,	2018		2017		2018		2017
Service cost	$	2,849	$	2,420	$	1,531	$	1,337
Interest cost		1,720		1,748		472		424
Expected return on plan assets		(2,814)		(2,464)		(679)		(568)
Amortization of net loss		1,218		801		446		447
Amortization of prior service cost		—		—		129		94
Net periodic benefit cost	$	2,973	$	2,505	$	1,899	$	1,734

The components of net periodic benefit cost, other than the service cost component, are included in the line “Miscellaneous, net” in the income statement.

EMPLOYER CONTRIBUTIONS

The Company has no minimum funding requirement and we do not expect to make any contribution to our domestic defined benefit plans in 2018. We expect to contribute approximately $3.1 million to our foreign defined benefit plans in 2018, and as of March 31, 2018, we have contributed approximately $0.8 million of that amount.