XML 34 R23.htm IDEA: XBRL DOCUMENT v3.5.0.2
Pension and Other Post-Retirement Benefit Plans
 9 Months Ended
Sep. 30, 2016
Compensation and Retirement Disclosure [Abstract]  
Pension and Other Post-Retirement Benefit Plans
Pension and Other Post-Retirement Benefit Plans
We sponsor pension 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 September 30,
 
Three Months Ended September 30,
 
Three Months Ended September 30,
 
2016
 
2015
 
2016
 
2015
 
2016
 
2015
Service cost
$
32

 
$
29

 
$
—

 
$
—

 
$
—

 
$
—

Interest cost
469

 
463

 
338

 
372

 
4

 
4

Expected return on plan assets
(678
)
 
(668
)
 
(375
)
 
(403
)
 
—

 
—

Amortization of prior service cost
—

 
—

 
—

 
—

 
2

 
2

Recognized actuarial loss (gain)
107

 
117

 
52

 
69

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

 
$
38

 
$
(20
)
 
$
(24
)
 
U.S. Pension Plans
 
Non-U.S. Pension Plans
 
Other Post-Retirement Benefit Plans
 
Nine Months Ended September 30,
 
Nine Months Ended September 30,
 
Nine Months Ended September 30,
 
2016
 
2015
 
2016
 
2015
 
2016
 
2015
Service cost
$
96

 
$
86

 
$
—

 
$
—

 
$
—

 
$
—

Interest cost
1,407

 
1,390

 
1,041

 
1,116

 
12

 
13

Expected return on plan assets
(2,034
)
 
(2,005
)
 
(1,156
)
 
(1,209
)
 
—

 
—

Amortization of prior service cost
—

 
—

 
—

 
—

 
6

 
5

Recognized actuarial loss (gain)
321

 
351

 
160

 
209

 
(78
)
 
(90
)
Net (benefit) cost
$
(210
)
 
$
(178
)
 
$
45

 
$
116

 
$
(60
)
 
$
(72
)

We expect to contribute approximately $3.0 million to our pension plans and our other post-retirement benefit plans in 2016. As of September 30, 2016, $2.2 million of contributions have been made to our pension and other post-retirement plans.