RETIREMENT AND DEFERRED COMPENSATION PLANS

9 Months Ended

Sep. 30, 2019

RETIREMENT AND DEFERRED COMPENSATION PLANS

RETIREMENT AND DEFERRED COMPENSATION PLANS

NOTE 8 – RETIREMENT AND DEFERRED COMPENSATION PLANS

Components of Net Periodic Benefit Cost:

	Domestic Plans				Foreign Plans
Three Months Ended September 30,	2019		2018		2019		2018
Service cost	$	2,772	$	2,853	$	1,429	$	1,457
Interest cost		1,845		1,713		491		445
Expected return on plan assets		(3,095)		(2,803)		(581)		(645)
Amortization of net loss		490		1,214		356		422
Amortization of prior service cost		—		—		111		122
Net periodic benefit cost	$	2,012	$	2,977	$	1,806	$	1,801

	Domestic Plans				Foreign Plans
Nine Months Ended September 30,	2019		2018		2019		2018
Service cost	$	8,320	$	8,546	$	4,334	$	4,479
Interest cost		5,536		5,139		1,487		1,374
Expected return on plan assets		(9,284)		(8,409)		(1,759)		(1,982)
Amortization of net loss		1,468		3,642		1,078		1,301
Amortization of prior service cost		—		—		337		376
Net periodic benefit cost	$	6,040	$	8,918	$	5,477	$	5,548

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

Although we have no minimum funding requirement, we contributed $365 thousand to our domestic defined benefit plans during the nine months ended September 30, 2019 and do not expect additional significant contributions during 2019. We expect to contribute approximately $4.3 million to our foreign defined benefit plans in 2019, and as of September 30, 2019, we have contributed approximately $1.5 million of that amount.