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Defined Benefit Pension Plan
6 Months Ended
Jun. 30, 2011
Defined Benefit Pension Plan  
Defined Benefit Pension Plan

9. Defined Benefit Pension Plan

Linotype maintains an unfunded defined benefit pension plan based on the "Versorgungsordnung der Heidelberger Druckmaschinen AG" (the "Linotype Plan") which covers substantially all employees of Linotype who joined before April 1, 2006, at which time the Linotype Plan was closed. Employees are entitled to benefits in the form of retirement, disability and surviving dependent pensions. Benefits generally depend on years of service and the salary of the employees.

The components of net periodic benefit cost included in the accompanying condensed consolidated statements of income were as follows (in thousands):

 

     Three Months Ended
June 30,
     Six Months Ended
June 30,
 
     2011      2010      2011      2010  

Service cost

   $ 22       $ 19       $ 43       $ 40   

Interest cost

     47         40         93         83   
  

 

 

    

 

 

    

 

 

    

 

 

 

Net periodic benefit cost

   $ 69       $ 59       $ 136       $ 123