XML 36 R20.htm IDEA: XBRL DOCUMENT  v2.3.0.11
Pension and Other Post-Retirement Benefit Plans
6 Months Ended
Jun. 30, 2011
Pension and Other Post-Retirement Benefit Plans [Abstract]  
Pension and Other Post-Retirement Benefit Plans
15. Pension and Other Post-Retirement Benefit Plans
We sponsor pension and other post-retirement benefit plans that cover certain hourly and salaried employees in the United States and United Kingdom. Our policy is to make annual contributions to the plans to fund the normal cost as required by local regulations. In addition, we have a post-retirement benefit plan for certain U.S. operations, retirees and their dependents.
The components of net periodic benefit cost related to the pension and other post-retirement benefit plans was as follows (in thousands):
                                                 
                                    Other Post-Retirement  
    U.S. Pension Plans     Non-U.S. Pension Plans     Benefit Plans  
    Three Months Ended June 30,     Three Months Ended June 30,     Three Months Ended June 30,  
    2011     2010     2011     2010     2011     2010  
Service cost
  $ 18     $ 66     $     $     $     $ 1  
Interest cost
    489       492       541       519       16       29  
Expected return on plan assets
    (479 )     (423 )     (465 )     (395 )            
Amortization of prior service cost
                            (32 )     (25 )
Recognized actuarial loss (gain)
    26       23       74       89       (34 )     1  
 
                                   
Net periodic benefit cost
    54       158       150       213       (50 )     6  
Special termination benefits
          26                         68  
 
                                   
Net benefit cost
  $ 54     $ 184     $ 150     $ 213     $ (50 )   $ 74  
 
                                   
                                                 
                                    Other Post-Retirement  
    U.S. Pension Plans     Non-U.S. Pension Plans     Benefit Plans  
    Six Months Ended June 30,     Six Months Ended June 30,     Six Months Ended June 30,  
    2011     2010     2011     2010     2011     2010  
Service cost
  $ 38     $ 112     $     $     $     $ 2  
Interest cost
    977       996       1,102       1,047       32       59  
Expected return on plan assets
    (957 )     (847 )     (932 )     (795 )            
Amortization of prior service cost
                            (64 )     (25 )
Recognized actuarial loss (gain)
    51       55       149       182       (68 )     2  
 
                                   
Net periodic benefit cost
    109       316       319       434       (100 )     38  
Special termination benefits
          54                         136  
 
                                   
Net benefit cost
  $ 109     $ 370     $ 319     $ 434     $ (100 )   $ 174  
 
                                   
We previously disclosed in our financial statements for the year ended December 31, 2010, that we expect to contribute approximately $2.8 million to our pension plans and $0.3 million to our other post-retirement benefit plans in 2011. As of June 30, 2011, approximately $1.4 million of contributions have been made to our pension plans. We anticipate contributing an additional $1.4 million to our pension plans in 2011 for total estimated contributions during 2011 of $2.8 million.