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Pension and Other Post-Retirement Benefit Plans
6 Months Ended
Jun. 30, 2016
Compensation and Retirement Disclosure [Abstract]  
Pension and Other Post-Retirement Benefit Plans
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. All of our pension plans are inactive or frozen to new employees. 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 pension and other post-retirement benefit plans is as follows:
 
 
U.S. Pension Plans
 
Non-U.S. Pension Plans
 
Other Post-Retirement Benefit Plans
 
Three Months Ended June 30,
 
Three Months Ended June 30,
 
Three Months Ended June 30,
 
2016
 
2015
 
2016
 
2015
 
2016
 
2015
Service cost
$
32

 
$
29

 
$

 
$

 
$

 
$

Interest cost
469

 
463

 
350

 
368

 
4

 
4

Expected return on plan assets
(678
)
 
(668
)
 
(389
)
 
(397
)
 

 

Amortization of prior service cost

 

 

 

 
2

 
2

Recognized actuarial loss (gain)
107

 
117

 
54

 
69

 
(26
)
 
(30
)
Net (benefit) cost
$
(70
)
 
$
(59
)
 
$
15

 
$
40

 
$
(20
)
 
$
(24
)
 
U.S. Pension Plans
 
Non-U.S. Pension Plans
 
Other Post-Retirement Benefit Plans
 
Six Months Ended June 30,
 
Six Months Ended June 30,
 
Six Months Ended June 30,
 
2016
 
2015
 
2016
 
2015
 
2016
 
2015
Service cost
$
64

 
$
58

 
$

 
$

 
$

 
$

Interest cost
938

 
926

 
709

 
736

 
8

 
8

Expected return on plan assets
(1,356
)
 
(1,336
)
 
(787
)
 
(794
)
 

 

Amortization of prior service cost

 

 

 

 
4

 
4

Recognized actuarial loss (gain)
214

 
234

 
109

 
137

 
(51
)
 
(60
)
Net (benefit) cost
$
(140
)
 
$
(118
)
 
$
31

 
$
79

 
$
(39
)
 
$
(48
)

We expect to contribute approximately $3.0 million to our pension plans and our other post-retirement benefit plans in 2016. As of June 30, 2016, $1.5 million of contributions have been made to our pension and other post-retirement plans.