RETIREMENT AND DEFERRED COMPENSATION PLANS

3 Months Ended

Mar. 31, 2020

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 March 31,	2020		2019		2020		2019
Service cost	$	3,577	$	2,773	$	1,768	$	1,460
Interest cost		1,987		1,845		340		501
Expected return on plan assets		(3,422)		(3,094)		(634)		(592)
Amortization of net loss		1,548		489		514		363
Amortization of prior service cost		—		—		97		113
Net periodic benefit cost	$	3,690	$	2,013	$	2,085	$	1,845

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 $204 thousand to our ongoing domestic supplemental employee retirement plan (“SERP”) annuity contracts during the three months ended March 31, 2020. We plan to contribute approximately an additional $200 thousand to pay our ongoing SERP annuity contracts during 2020. We have contributed approximately $711 thousand to our foreign defined benefit plans during the three months ended March 31, 2020 and do not expect additional significant contributions during 2020.