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Pension and Other Postretirement Benefits (Tables)
9 Months Ended
Sep. 30, 2020
Compensation And Retirement Disclosure [Abstract]  
Contributions for Pension and Other Postretirement Benefits

Contributions to the Corporation’s employee benefit plans are outlined below. Under the current provisions of the CARES Act, the Corporation has deferred, as of September 30, 2020, $3,794 of its contributions to employee benefit plans, which will be due in January 2021.

 

 

Nine Months Ended September 30,

 

 

 

2020

 

 

2019

 

U.S. defined benefit pension plans

 

$

281

 

 

$

977

 

Foreign defined benefit pension plans

 

 

332

 

 

 

277

 

Other postretirement benefits (e.g., net payments)

 

 

966

 

 

 

757

 

U.K. defined contribution pension plan

 

 

222

 

 

 

262

 

U.S. defined contribution plan

 

 

2,296

 

 

 

2,622

 

Net Periodic Pension and Other Postretirement Benefit Costs

Net periodic pension and other postretirement benefit costs include the following components:

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

U.S. Defined Benefit Pension Plans

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Service cost

 

$

37

 

 

$

192

 

 

$

167

 

 

$

577

 

Interest cost

 

 

1,776

 

 

 

2,255

 

 

 

5,381

 

 

 

6,784

 

Expected return on plan assets

 

 

(3,232

)

 

 

(3,145

)

 

 

(9,621

)

 

 

(9,434

)

Amortization of prior service cost

 

 

10

 

 

 

55

 

 

 

31

 

 

 

61

 

Amortization of actuarial loss

 

 

455

 

 

 

461

 

 

 

1,570

 

 

 

1,037

 

Special termination benefits

 

 

0

 

 

 

3,694

 

 

 

0

 

 

 

3,694

 

Curtailment loss

 

 

0

 

 

 

1,641

 

 

 

0

 

 

 

1,641

 

Net benefit (income) expense

 

$

(954

)

 

$

5,153

 

 

$

(2,472

)

 

$

4,360

 

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

Foreign Defined Benefit Pension Plans

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Service cost

 

$

127

 

 

$

115

 

 

$

332

 

 

$

314

 

Interest cost

 

 

265

 

 

 

338

 

 

 

781

 

 

 

1,047

 

Expected return on plan assets

 

 

(496

)

 

 

(561

)

 

 

(1,465

)

 

 

(1,736

)

Amortization of prior service credit

 

 

(72

)

 

 

(68

)

 

 

(212

)

 

 

(212

)

Amortization of actuarial loss

 

 

177

 

 

 

157

 

 

 

522

 

 

 

486

 

Net benefit expense (income)

 

$

1

 

 

$

(19

)

 

$

(42

)

 

$

(101

)

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

Other Postretirement Benefit Plans

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Service cost

 

$

56

 

 

$

74

 

 

$

169

 

 

$

230

 

Interest cost

 

 

71

 

 

 

98

 

 

 

211

 

 

 

309

 

Amortization of prior service credit

 

 

(255

)

 

 

(532

)

 

 

(763

)

 

 

(1,553

)

Amortization of actuarial gain

 

 

(34

)

 

 

(97

)

 

 

(104

)

 

 

(286

)

Curtailment gain

 

 

0

 

 

 

(7,639

)

 

 

0

 

 

 

(7,654

)

Net benefit income

 

$

(162

)

 

$

(8,096

)

 

$

(487

)

 

$

(8,954

)