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Defined Benefit Pension Plan
9 Months Ended
Sep. 30, 2012
Defined Benefit Pension Plan [Abstract]  
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 statement of income were as follows (in thousands):

 

                                 
    Three Months Ended
September 30,
    Nine Months Ended
September 30,
 
    2012     2011     2012     2011  

Service cost

  $ 21     $ 21     $ 62     $ 64  

Interest cost

    44       45       132       138  
   

 

 

   

 

 

   

 

 

   

 

 

 

Net periodic benefit cost

  $ 65     $ 66     $ 194     $ 202